Ms. Arundhati Bhattacharya could be the 1st lady RBI governor.

-:Acknowledgement:- Business Standard The Economic Times The Financial Express www.thehindubusinessline.com www.moneycontrol.com www.profit.ndtv.com www.anirudhsethireport.com www.msn.com www.livemint.com ….. and many more

The news related to economy, their key persons and business, focusing SMEs and are covered. Special news or event of a specific company or business group are also covered. The futuristic views or opinions of government officials are usually not incorporated; however a reputed institution’s independent views are well received. Impact of business policy initiation, notification, circulars or govt. reports is given preference.

100 per cent FDI in defense, teleports, DTH, Cable Networks, mobile TVs, and Head end-in-the Sky Broadcasting Service, civil aviation, animal husbandry and e-commerce. 74% in brownfield and 100 % in greenfield pharma secctor.

Union cabinet cleared the Civil Aviation Policy Union cabinet cleared the Civil Aviation Policy. Controversial 5/20 rule revised to 0/20. Fare cap is set at Rs. 2,500 for one hour flights. VGF is planned for airlines plying on RCS routes. 0 VAT on MRO activities.

RBI data has revealed that for the F. Y RBI data has revealed that for the F.Y. ended 31st March 2016 CAD stood at $22.1 billion  against $26.8 billion for FY15. Net FDI  rose 15.3% compared to P.Y, mainly due to liberalization in November, 2015.

India has recorded highest ever tea production at 1,233 million kilos during 2015-16, while the exports crossed 230 million kilos. CBEC has imposed 20% customs duty on sugar exports to boost domestic supply and domestic check prices.

India's exports have seen slowest pace in May India's exports have seen slowest pace in May. Engineering goods, gems and jewellery performed better. Pharma, readymade garments and petroleum products seen negative growth. Coal imports have jumped substantially.

Amazon has drastically slashed Seller's commission in electronics, educational softwares and CDs of movies to undercut Flipcart, Snapdeal.

33 small and medium enterprises are planning to line up IPO to fund business expansion and meet working capital requirements. Listing offers easy access to capital, enhanced visibility, growth opportunities, exit route for old shareholders.

Notifying change in Section 56(2)(viib) CBDT has abolished "Angel tax" for the start ups. Funds raised by an unlisted company through equity issuance will be covered under the Angel Tax.

Heineken NV has filed an application with DRT asking for the first preference buying of the shares held by Vijay Mallya in United Breweries Ltd., when it may come up for sale.

Naira’s 3rd devaluation of 30%, after similar reduction of 20% and 8% resp. in 18 months will likely to hit a few reputed Indian Companies.

Thank you…. See you next week!