Important Biz and Economy News For UPSC Prelims and Mains 2018

This article will help in covering the following topics of the syllabus


  • Economic Development 


Essay Paper-III

General studies III –

  • Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
  • Inclusive growth and issues arising from it.
  • Government Budgeting.

As you know Civil Services (Preliminary) Examination, 2018 will be conducted on 3rd June 2018, and mains will be starting from 1st October 2018 in which current affairs will play a crucial role.

So in this article, we will be updating all important Business and Economy news between January 2017 to September 2018 on monthly basis. Bookmark this page in your browser so that you don’t miss any important event. The events are compiled from newspapers (The Hindu, TOI, IE & ET), magazines, and various online resources.


January 2017

  • Credit guarantee for MSME increased
  • India Inc curtails post-maternity attrition
  • Forbes’ super achievers list
  • First auction of wind power projects
  • Guidance on board evaluation issued
  • First CSO National Income
  • Axis Bank retains top slot
  • Anti-avoidance tax rule to kick in
  • India will be a victim of its own success
  • India International exchange starts
  • ‘SEZ India’ App launched
  • MSEI introduces trading in SGB
  • Talent competitiveness 2017

February 2017

  • India ranks 4th in wind power installation
  • Masala bonds to get more tax benefits
  • GAAR, POEM to come into effect
  • Niti Aayog panel recommendation on sick CPSEs
  • Brand Finance Global report 2017
  • Bangladesh replaces US on tourist inflow
  • Govt takes more action against shell companies
  • Indradhanush 2.0
  • TReDS can boost MSMEs’ liquidity
  • First major banking consolidation
  • India emerges 12th largest holder of US govt securities


From time to time the current affairs magazines section containing full coverage of events will also get updated, which you can download in PDF format.

The magazines given below are updated  with full coverage from January 2017 to November 2017

March 2017

  • States agree to roll out GST
  • CGST and IGST laws cleared
  • Sebi’s regulatory framework to assesss by WB, IMF
  • India becomes third largest aviation market
  • First Time India becomes Net Exporter of Electricity
  • 128 regional air routes under UDAN

April 2017

  • IBBI notifies IU Regulations
  • Finance Bill takes effect
  • SBI in global top 50 post merger
  • Asia Pacific Business Complexities Survey 2017
  • Revised plan for Farzad gas field
  • First ever foreign buyer bids for SME IPO
  • First monetary policy review in 2017-18
  • India second-most preferred Asian market
  • India’s Internet economy to double
  • Cabinet clears listing of 11 PSUs
  • India’s first pharma firm makes profit
  • Prompt Corrective Action framework
  • Business Reform Action Plan 2017
  • India’s most valuable company
  • Govt eases norms for states to fund infrastructure projects

May 2017

  • ESCAP annual flagship report
  • New NPA policy approved
  • MoAs signed for first wind auction Scheme
  • UN report on Demonetisation
  • Govt to unveil new IIP
  • E-Nivaran scheme
  • NHAI’s first Masala Bond
  • IIP, WPI new base year series
  • New IIP, WPI series introduced
  • IOC, REC enter MSCI index
  • Law to fugitive economic offenders
  • India gets new howitzers
  • 83 services exempt in GST
  • Paytm Payments Bank launched
  • Doors close of FIPB
  • Preference to ‘Make in India’ approved
  • Financial services companies globally
  • India’s most profitable PSU

June 2017

  • Bad loan resolution
  • Panel set up to improve corporate governance
  • GST Council clears rules
  • India slips in IMD’s competitiveness list
  • GST Council clears rules
  • GRDI 2017
  • India among top five consumer markets in Asia
  • Committee to focus on bad loan
  • GST Council reduces tax on 66 items
  • First time survey on services sector
  • Investment spots in Asia-Pacific
  • Ninth most expensive office market in world
  • GST Council eases rules for return filing
  • Sebi eases norms distressed assets

July 2017

  • New framework to deepen corporate bond market
  • First to apply for a universal banking licence
  • BBB recommends executive directors in PSU banks
  • Financial sector’s cyber warrior
  • ‘Best offer’ on Farzad-B gas field
  • First company to face bankruptcy proceedings
  • J&K passed GST
  • CGST to apply on trademark goods
  • E-way bill system in GST
  • Reliance exit from 15th global oil block
  • Aaykar Setu’ launched
  • New bankruptcy law offers cautionary tale
  • Google acquires India’s AI startup
  • Retail inflation at historic low
  • Rise in transactions via cards
  • First Indian digital media firm to enter China
  • India largest provider of ‘online labour’
  • Anti-profiteering lens

August 2017

  • External Sector Report 2017
  • Government enters into nine UAPAs
  • Subsidy burden bleeding FCI
  • Govt forms Bharat-22 ETF
  • Policy to promote biofuels
  • RBI Study on Demonetisation
  • GeMSamvad
  • New mechanism on strategic disinvestment
  • Anti-dumping duty extended on PTFE
  • PSU banks calls for recapitalisation
  • Liberalise FDI in defence
  • Govt relaxes UDAN norms
  • New norms for solar power bids
  • World’s first diamond futures contracts
  • FDI consolidated policy released
  • Ease of Doing Business Report 2017
  • Active investors in Indian start-ups

September 2017

  • Working groups to promote exports
  • GoM panel on exports
  • IT ministry asks banks to upgrade UPI
  • India’s GDP growth lead over China: Unctad
  • Panel for GSTN’s technical troubles
  • GSTN reopens window for composition scheme
  • India Solar Map 2017
  • India Retail Report 2017
  • New PPP Policy
  • Deendayal Hastkala Sankul
  • SBI’s new index series
  • New duty drawback rates
  • India INX to global traders
  • Platts rankings 2017
  • World’s most valuable brand
  • India’s first spot gold exchange

October 2017

  • Green Masala Bond in UK
  • India’s first atomic energy venture
  • Three structural reforms in India
  • IMF not endorsing UBI in India
  • India rejects global e-commerce rules
  • Permission for selling SSS
  • Rules for valuation of unlisted firms
  • First Indian company to cross Rs6 trillion market cap

November 2017

  • India breaks into top 100 club
  • KG-D6 contract to McDermott
  • Business optimism ranking
  • NAA under GST
  • Baa2 after long gap
  • India moves up in per capita GDP
  • Indian govt 3rd most trusted
  • GSTN committee constitutied
  • Task force to draft new direct tax law
  • Consumer Devices Survey 2017
  • Penal action for Flouting domestic content
  • Over one-third of registered companies out of business
  • Insolvency suit against Rcom
  • Telecom regulator backs net neutrality

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