GS-III

Drug major Lupin on Monday announced partnership with Eli Lilly and Company (India) to distribute Eli Lilly’s diabetes injection Aplevant in the country. Lupin said the expansion of the business partnership with Eli Lilly is aimed at widening access to diabetes medicines in India. Lupin will distribute and market Lilly’s …

International Monetary Fund (IMF) appointed India-born Gita Gopinath as Economic Counsellor and Director of the IMF’s Research Department. Ms. Gopinath will succeed Maurice (Maury) Obstfeld, who announced he would retire at the end of 2018, an official statement said on Monday. Source : https://www.thehindu.com/todays-paper/tp-business/gita-gopinath-is-imf-chief-economist/article25100829.ece

Collections from the Goods and Services Tax (GST) in September increased marginally to Rs. 94,442 crore from the Rs. 93,690 crore collected in August. “The total gross GST revenue collected in the month of September 2018 is Rs. 94,442 crore of which CGST is Rs. 15,318 crore, SGST is Rs. …

Growth in new orders, gains in output and employment boosts index Manufacturing activity improved in September on the back of stronger gains in new orders, output, and employment, according to a private sector survey. The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) rose to 52.2 in September from 51.7 in …

Market leader Maruti Suzuki reports 1.4% fall while Hyundai Motor India’s local sales slip 4.5% in Sept. Domestic passenger car sales by major players declined in September, 2018 as compared with the same period last year on account of rising fuel and product prices. Market leader Maruti Suzuki witnessed 1.4% …

‘Fully committed to ensure needed liquidity is arranged’ The government on Monday made clear its commitment to ensuring that the ailing Infrastructure Leasing & Financial Services (IL&FS) receives the liquidity it needs from the financial system, and that no further defaults take place, terming the company a large Systemically Important …

From his petty shop opposite the Jeevan Deep building on Parliament Street, Lal Poddar has had a ringside view of thousands of dharnas organised at Delhi’s premier protest venue. Monday’s rally by the Pension Parishad and HelpAge India, however, had a personal significance for him. “They are demanding a pension …

Clarity sought on the number of aircraft in service The Air Passengers Association of India (APAI) has expressed concern over India’s low ‘air safety oversight score’, which is lower than that of Myanmar, Bangladesh, Maldives, Pakistan, Sri Lanka, Nepal and North Korea in the Asia-Pacific region. The report prepared by …

A type 2 strain of polio virus (P2) found in a sewage sample from Mumbai in the last week of August may have triggered the investigations against vaccine-making company Bio-Med. The P2 strain was found in L ward (Kurla), during a routine environmental surveillance which involves collecting sewage samples from …

Who will decide on the creamy layer among the reserved categories of SCs/STs?’ While the Narendra Modi government is keeping mum on last week’s Supreme Court judgment on reservation in promotion that adds a caveat of “creamy layer”, Union Minister and Lok Janshakti Party chief Ram Vilas Paswan has criticised …

The Union Health Ministry has ordered an inquiry into the type-2 polio virus contamination detected in the vials used for immunisation in Uttar Pradesh, Maharashtra and Telangana, and has ordered additional immunisation in three States. The government, which has stepped-up surveillance after the breach, has said, “That all possible precautions …

Vietnam has seized around a tonne of pangolin scales and ivory hidden inside dozens of boxes on a flight from Nigeria, State media reported, a haul highlighting the illegal wildlife trade routes connecting Africa and Southeast Asia. Source  : https://www.thehindu.com/todays-paper/tp-life/vietnam-seizes-nearly-a-ton-of-pangolin-scales-ivory/article25091998.ece

The breakthrough came after 18 months of trials at the University of Pretoria Watching the two little lion cubs play with each other at a conservation centre outside of South Africa’s capital Pretoria, it is hard to see anything out of the ordinary. But these cubs are unique. “These are …

Reward for tip-offs on GST evasion on the anvil The revenue department is planning to come out with a ‘GST informant reward scheme’ to check tax evasion by unscrupulous traders and businesses, an official said. It will be on the lines of similar schemes for excise and service tax, which …

Insurance regulator IRDAI has allowed the distribution of all micro-insurance products through point-of-sales (PoS), with an aim to further increase insurance penetration in the country. The Insurance Regulatory and Development Authority of India (IRDAI) has created a special category of insurance policies called micro-insurance policies to promote insurance coverage among …

U.S. was top export destination with $47.9 bn worth of shipments in the last fiscal India’s exports hold a promising outlook with the U.S. economy growing at its best in four years, coupled with the rupee depreciation leading to enhanced net revenue realisations, according to a report by Assocham. The …

The potential for cooperation between India and Israel in plantation sectors such as tea and coffee is high, said Shai Mosses, Israel Consul for Trade and Economic Affairs. Speaking at a conference organised by the United Planters’ Association of Southern India (UPASI), Mr. Mosses said there were many collaborations happening …

Banks with robust financials, strong liability franchise, control on asset quality will continue to do well Non-banking financial companies are going through growth de-rating and are expected to remain volatile in the near future, says Dhiraj Relli , managing director and chief executive officer, HDFC Securities. Investors are also cautious …

Around three centuries ago, India’s share of the global economy was about 25%. Today, it has dwindled to single digits. During this period, India missed three waves of industrialisation: Industry 1.0, driven by mechanisation, steam power and weaving loom; Industry 2.0, driven by mass production and assembly line; and Industry …

More exports, price stability, clearance of dues on wish list As the Indian sugar sector steps into a new season, it looks forward to more exports, price stability in the domestic market, and clearance of cane arrears to farmers. The problems the industry confronts today are many, and stem mainly …