- Finance Minister Nirmala Sitharaman presented first budget of the Modi 2.0 government.
- India increased customs duty on all goods originating from or imported from Pakistan to 200 per cent with immediate effect. It is not very clear whether this will affect the thirdcountry trade between the two countries through places such as Dubai and Singapore.
- India replaced Japan as the world's second-largest steel producing country, only behind China, which is the largest producer of crude steel accounting for more than 51 per cent of production.
- India was ranked 17th among 100 countries in Startup Ecosystem Ranking for 2019 released by StartupBlink, Improving from 37th place last year.
- Mumbai finds place in top 20 most expensive cities in Asia for expatriates according to the survey done by the global consulting leader- Mercer. The residential housing prices remain the highest in the world.
- Approval of the construction of a four-lane Ganga Expressway connecting Prayagraj to Western Utter Pradesh. Ganga Expressway. Once completed, it would be longest expressway in the world.
- Merger of Vijaya Bank, Dena Bank and Bank of Baroda; first-ever three way merger in Indian Banking. The amalgamated entity will be India's second largest Public Sector Bank and India’s third largest bank.
- PM Narendra Modi announced that India has established itself as the world's 4th largest space super power. The Prime Minister stated that the feat is historic, as till now, only three countries in the world – United States of America, Russia and China have achieved this.
- In an election that saw as many as 900 million citizens casting their votes, incumbent Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) attained a landslide victory, winning 303 out of 543 seats. The substantial win confirmed a second term for Modi as the country’s prime minister.
- NITI Aayog sanctioned 5645 electric buses for operations in 65 cities and for inter-city operations to 8 state transport undertakings.
- Insolvency and Bankruptcy Board of India tightened norms that governs resolution professionals (RPs), barring them from having employment when they are in possession of authorisation to take up work under insolvency law.
- Sri Lanka unveiled South Asia's tallest tower, costing over $100 million, 80% of which has been funded by China under the controversial Belt and Road Initiative (BRI).
- Pradhan Mantri Matru Vandana Yojana (PMMVY) achieved a significant milestone by crossing 1 crore beneficiaries.
- Google signed a partnership agreement with the stateowned operator Bharat Sanchar Nigam Ltd. (BSNL). The partnership aims to bring public WiFi to villages in states namely Gujarat, Bihar, and Maharashtra.
- Government announced the setting up of a Rs 25,000 crore alternative investment fund (AIF), aimed at providing relief to developers with unfinished projects to ensure delivery of homes to buyers.
- Government of India revoked the special status, or limited autonomy, granted under Article 370 of the Indian Constitution to Jammu and Kashmir—a region administered by India as a state.
- The government released the final version of the NRC, with over 9 lakh people in Assam left out from the list.
- The International Monetary Fund in its biennial report – World Economic Outlook estimates India’s GDP growth at 6.1 percent. India’s sharpest cut in the economy is next to Saudi Arabia’s 1.7 percent in 2019.
- Gujarat’s HCP Design wins bid to revamp Parliament, Lutyens’ Delhi
- Brookfield plans $1 billion real estate investment trust listing in India, and considering including about 15 million square feet to 20 million square feet of real estate.
- Oman-India PE fund invests Rs100 crore in Prince Pipes IPO and with a 5% stake in Prince Pipes and Fitting Ltd for Rs100 crore.
- The Citizenship (Amendment) Act, 2019 passed by the Parliament of India amended the Citizenship Act
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- Finance Minister Nirmala Sitharaman presented first budget of the Modi 2.0 government.
- India increased customs duty on all goods originating from or imported from Pakistan to 200 per cent with immediate effect. It is not very clear whether this will affect the thirdcountry tr
BY
Realty Plus
Published - Tuesday, 28 Jan, 2020
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