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International Monetary Fund (IMF) has released the October edition of its ‘World Economic Outlook’ released

International Monetary Fund (IMF) has released the October edition of its ‘World Economic Outlook’.
• Title of the Report: - Global Manufacturing Downturn, Rising Trade Barriers, October 2019.

Month: Current Affairs – October 2019
Categories: Banking & Economy
Important Points: International Monetary Fund, World Economic Outlook, Global Manufacturing Downturn, Rising Trade Barriers, half of global GDP

Central Board of Indirect Taxes and Customs releases new scheme for strengthening Make in India

Central Board of Indirect Taxes and Customs has launched a programme to attract investments in India and strengthen Make in India through manufacture and other operations under bond scheme, of Customs Act, 1962.
• This section of the act enables conduct of manufacture and other operations in a customs bonded warehouse.

Month: Current Affairs – October 2019
Categories: Banking & Economy
Important Points: Central Board of Indirect Taxes and Customs, Make in India, bond scheme, Customs Act, Manufacture and Other Operations in Warehouse Regulations, single point of approval, single digital account, customs duty

RBI merges DoR and DoS

RBI has merged the various departments of supervision under one Department of supervision and similarly the various departments of regulation have been merged under one unified Department of Regulation.

Month: Current Affairs – October 2019
Categories: Banking & Economy
Important Points: RBI, Department of supervision, Department of Regulation