Union Finance Minister Arun Jaitley announced to withdraw proposal to tax Employee Provident Fund (EPF) withdrawals. He announced to withdraw the proposal while clarifying NDA government’s stand on the issue in the Lok Sabha.
International Finance Corporation, a member of the World Bank Group launched its first Uridashi Masala Bond. The bonds are worth 300 million rupees and will be utilised to promote private sector development in India.
The Reserve Bank of India released Non-Banking Financial Company - Account Aggregator Directions, 2016.
Union Government signed a memorandum of agreement (MoA) to provide a loan of 1000 crore rupees to the Fertilizers and Chemicals Travancore (FACT) Limited, a Central Public Sector Undertaking (CPSU).
Indian Railways launched bar coding system for unreserved tickets to bring transparency and prevent revenue leakage in the ticketing system in New Delhi.
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