The government of India has doubled the monetary limit upto this amount for filing loan recovery application in the Debt Recovery Tribunals (DRT).

On the occasion of Birth Anniversary of Mahatma Gandhi, Small Industries Development Bank of India (SIDBI), had launched a National Level Entrepreneurship Awareness Campaign, Udyam Abhilasha in 115 Aspirational Districts identified by NITI Aayog in 28 States and reaching to around 15,000 youth. SIDBI will join to contribute to "the transformation mission" unleashed for these districts. The campaign would create and strengthen cadre of more than 800 trainers to provide entrepreneurship training to the aspiring youths across these districts thus encouraging them to enter the admired segment of entrepreneurs.

National Stock Exchange of India (NSE) got regulatory approval from SEBI to launch copper large futures contract. The copper large futures contract will have a trading unit of 25 tonne at par with international commodity markets. It is one of the highest traded contracts and is considered as the global benchmark. With this, NSE aims to provide an onshore hedging platform to large Indian corporates, refiners and various users in the value chain.

The tax dispute between the government of Tamil Nadu and the Renault Nissan Alliance India before the Madras High Court is in settlement talks stage and chances are that it will be settled outside the court, according to representatives of both the sides.

Current account deficit (CAD) of India has widened to 2.5% of GDP in the 3rd quarter of the current fiscal year primarily on account of a higher trade deficit though the foreign exchange reserves which continued to soar. Current account deficit has been widened merely 0.4% from 2.1%, a year ago. The CAD had moderated to USD 19.1 billion or 2.9 per cent of GDP in the preceding quarter.

As per Ficci's survey 'Ficci's Economic Outlook Survey', the Indian economy is expected to grow at 7.4 per cent in the current fiscal. It projects that GDP will grow at 7.4 per cent for 2018-19, with a minimum and maximum range of 7.1 per cent and 7.5 per cent, respectively. The economic activity on the first quarter of the current fiscal would be 7.1 per cent. The study further said the median growth forecast for agriculture and allied activities has been put at 3 per cent for 2018-19.

According to the Insurance Regulatory and Development Authority of India (IRDAI) data, after a very low growth phase, life and non-life premium income of insurance companies have registered substantial growth in financial year 2019. Life insurer's premium income grew 11% in FY19 over 2018 and non-life insurance firms witnessed a 13% rise in their total premium income to Rs 1.70 lakh crore in the financial year ended March 2019. 25 are general insurers: whose collective gross premium in 2018-19 was Rs 1.50 lakh crore, up by around 13% from Rs 1.33 lakh crore in 2018. 7 are standalone private sector insurers: they had a rise of 37% in their combined premium to Rs 11,368.82 crore in the financial year ended March 2019, against Rs 8,314.27 crore in 2018. 2 are government-owned specialised insurers: among them, Agricultural Insurance Company of India and ECGC Ltd registered a dip of 7.75% in premium at Rs 8,425.75 crore during the fiscal ended March 2019, as against Rs 9,133.78 crore in 2018.

The Chandra Narayan Yadav Memorial Maternity Hospital built on an Indian grant of Nepalese Rupees 26.90 million, was inaugurated by Ambassador of India to Nepal, Manjeev Singh Puri. The hospital has been built under the Government of India's Small Development Projects Scheme. The hospital is being run by the Chandra Narayan Yadav Memorial Trust under the principle of no profit/no loss basis. The 25-bedded maternity hospital will provide maternity and health care services to the people of 50 village development committees (VDC) in and around the district of Siraha. The hospital is equipped with ultrasound facilities, a blood bank, an emergency room, ICU, CCU, major OT, a minor OT, and other basic facilities.

The government has approved the continuation of the centrally-sponsored umbrella scheme of Integrated Development of Wildlife Habitats (CSS-IDWH) till 2019-20. The total outlay is Rs. 1731.72 crore for 2017-18 to 2019-20. The main aim of this scheme is to boost tiger and elephant conservation efforts. The scheme consists of centrally sponsored schemes of Project Tiger (CSS-PT), Development of Wildlife Habitats (CSS-DWH) and Project Elephant (CSS-PE).

Finance ministry has approved Rs 850 crore investment to upgrade Doordarshan (DD) and All India Radio (AIR). The sanctioned amount will be invested over FY19 and FY20. Decision came after Centre has started a manpower audit of Prasar Bharati, acting on the recommendation of an expert committee in 2014 led by Sam Pitroda which recommended that Prasar Bharati 'undertake a comprehensive manpower audit and human resources planning exercise to map workforce requirements for the future, in line with the public broadcaster's mandate'.

The United Nations Conference on Trade and Development (UNCTAD) has expected India's economy to grow 7.0% in calendar year 2018 compared with 6.2% in 2017. As per the report "Trade and Development", the effects of demonetization are still evident in private consumption trends within the economy. It also emphasised that countries like India and Thailand, which have been most favoured by foreign investors and experienced the largest spike in asset prices, would be most vulnerable to capital outflows. Further, countries like India which are dealing with Current Account Deficits (CAD) have a tendency of reducing imports. This assumes significance in the wake of India putting in place measures to control the rising CAD and capital outflows.