Indian Economy :
On 20th September, 2019, the government slashed the corporate tax rate for companies by almost 10 percentage points to 25.17 percent and offered a lower rate to 17.01 per cent for new manufacturing firms.
- On 18th September, 2019, the Centre decided to inject more money into the flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme by linking wages under the Act to an updated inflation index, which will be revised annually.
- Recently, the first Mega Food Park (MFP) in Telangana located in the village Lakkampally, Nandipet Mandal of Nizamabad district was inaugurated making it the 17thoperational food Park in the country.
Recently, the Union Cabinet approved the proposal for Review of Foreign Direct Investment(FDI) in four different sectors-Coal Mining, Contract Manufacturing, Single Brand Retail Trading (SBRT) and Digital Media.
On 29th August, 2019, Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM), a flagship mission under the Ministry of Housing and Urban Affairs has been conferred the prestigious SKOCH Governance Gold Award.
Recently, on 5th July, the Union Budget was released by the Finance Minister.
Economic Survey was released on 4 July 2019 by the Union Minister of Finance in Parliament.