19 Editorial 20 India : At a Glance 31 Indian Economy : A Few Facts : At a Glance 38 The Indian Polity : A Bird’s Eyeview 42 Geography : At a Glance


Government Mulls Radical Reforms in Education in the 12th Plan 55 Five Companies Granted Maharatna Status 56 Chennai Girl Tops Civil Service Exam. 56 56 57 National Project on Climate Resilient Agriculture Launched Food Safety and Standards Act Takes effect from August 5, 2011 Central Government Enhances Salary and Perks of the Members of Parliament Government sets up Varsity Autonomy Panel National Law Schools to be Established in All States GoM Approval for Caste Based Census National Law Schools to be Established in All States

National Events 2010-11
Political Updates
49 49 49 50 50 50 51 51 52 Government Sets up Task Force to Plug Fund Wastage Cabinet Approval for Press Registration Bill Godhra Case Verdict : 31 Convicted, 63 Acquitted Train of Horror New Guidelines for Eco-Zone Around National Parks Government Raises Poll Expenditure Limit Supreme Court Bans Children from Work in Circus Central Supervisory Board Reconstituted to Trackle Declining Child Sex Ratio Centres Issues Gazatte Notification on Constitution of Joint Committee to Prepare Draft Lokpal Bill Key Issues that Panel will have to Thrash out while Drafting Lokpal Bill Sathya Sai Baba Passes Away Union Cabinet Clears GST Constitution Amendment Bill Highest Number of SEZs in South India Funds for MPs Go up : From Rs. 2 crore to Rs. 5 crore 2nd Reshuffle of the UPA-II Ministry India Ratifies UN Convention Against Corruption Medical Council of India Reconstituted

58 58 59 59 59 60

52 53 54 54 54 55 55 55

Allahabad High Court Verdict on Ayodhya Union Government Decides to Establish 12 Chairs to Commemorate First War of Independence 60 India Drops to 51st Position in Global Competitiveness 60 Enforcement Directorate (ED) to Disclose Black Money in Swiss Banks 61 Colourful Inauguration of 19th Commonwealth Games in Delhi 61 India Elected to Security Council as Non-Permanent Member 62 India Third Most Powerful Nation in the World : Survey 62 Government Launches Pension Scheme for Unorganised Sector Workers 62 CAG Report on 2G Spectrum Allocation Presented in Parliament 63 National Action Plan for 60 Naxal-hit Districts Approved 64 Jammu and Kashmir Now off from UN Disputes List 64 Congress Emerges Richest Political Party in India

PD Panorama Year Book / 7

64 64 65 66 66 66 67 67 67 Arjun Munda takes over as Chief Minister of Jharkhand Again January 25 is Now National Voters’ Day China Constructing Rail Link upto Arunachal Pradesh Delhi-Mumbai Corridor to get Rs. Bill Introduced in the Rajya Sabha Government Constitutes Financial Sector Legislative Reforms Commission Supreme Court Forms SIT on Black Money MPs’ Constituency Fund Hiked to Rs. 2010 Manmohan Singh Became Third Longest Running PM Asian Development Bank (ADB) gives $ 150 million Loan for NCR The Combined Commanders’ Annual Conference Held in New Delhi Defence/Space/Satellite 74 74 75 75 76 76 New Dimensions to India’s Defence with Arjun Tank Getting More Muscle PSLV-C16 Puts Three Satellites in Orbit PSLV-C17 Launched Successfully Prithvi-II Successfully Flight-tested Fast Attack Craft INS Kabra Commissioned INS Koswari. Rath Convicted in Sukhna Land Scam PM Inaugurates the 98th Indian Science Congress India Launches World’s Cheapest Tablet PC ‘Aakash’ Srikrishna Committee Submits its Report on Telangana Region Centre to Expand PDS Cover On August 15. 5 crore EGoM Clears the Crucial Food Security Bill Union Cabinet Clears Bill to Protect Whistle Blowers Union Cabinet Clears Educational Tribunals Bill Lok Sabha Adopts Nuclear Liability Bill Lokpal Bill Draft Finalized Harassment Bill Tabled in the Lok Sabha Bill on Judicial Accountability Approved Divorced Muslim Women Entitled to Maintenance Women’s Reserve Bill Passed in the Rajya Sabha Government Approves Amendments to Enemy Property Law Rajasthan High Court Upholds 100% Quota for Women Chief Justices of India Cabinet Nod to Bill on Sexual Harassment Other Vital Issues and Affairs of National Interest 83 83 83 84 84 84 85 85 85 85 85 86 87 87 87 9th Pravasi Bharatiya Divas Organized in New Delhi India Celebrates its 62nd Republic Day Supreme Court Upholds Life Term for Dara Singh President Pratibha Patil’s Address to the Nation on the Eva of Republic Day India.500 crore Boost Government Releases the Draft of the National Food Security Bill Prime Minister. 1 Arms Importer Bill/Law/Constitution/Justice/ Commission 67 67 68 68 68 68 69 69 70 70 71 72 72 72 73 73 74 Law Against Child Abuse. K. Gen. Central Government and ULFA Sign Cease-fire Accord 76 77 77 77 78 78 79 79 79 80 80 81 81 81 82 82 82 Patrol Vessel of Coast Guard Launched ISRO to set up Several New Critical Facilities Successful Launch of GSAT-8 by Ariane-5 from French Guiana T-50 Stealth Fighter Makes Public Debut Water Jet Fast Attack Craft Commissioned Dhanush. Cabinet Ministers Declare Personal Wealth Government Approves 12th Plan Paper. World Bank Sign Pack on Cyclonic Impact in India India and Bangladesh Finalise Deal on the Sharing of Teesta and Feni River Water First Two-Star Lady Officer in the Indian Navy Lt. P. Another Fast Attack Craft of Navy Commissioned PD Panorama Year Book / 8 . Pegs Growth at 9% Japan Opens upto N-biz with India. Prithvi-II Fired Successfully Interceptor Missile Test-fired Successfully Russia Hands over Akula N-Submarine to India Indian Navy Gets Fast Attack Craft to Secure Coast PSLV-C18 Successfully Places Indo-French Satellite in Orbit Rustom-1 Test Flown Successfully Indian Scientific Team Reaches South Pole Army’s Strategic Forces Command Tests Agni-I Two Prithvi-II Missiles Flight-tested Successfully Tejas Gets Initial Operational Clearance Fleet Tanker INS Deepak Commissioned into Navy India Emerges World’s No. 18.

S. President Barack Obama Visits India 110 Russian President Dmitry Medvedev’s Visit to India 111 India. Nouri-al-Maliki Assumes as Iraqui PM Dilma Rousseff is the New President of Brazil Government in Lebanon Collapses after Hezbollah withdraws its support Governor of Pakistan’s Punjab Salman Taseer : Assassinated Tunisia’s President Ben Ali Flees to Saudi Arabia after Street Protests Maoists Hand over PLA to Special Committee in Nepal Bloodless Revolution in Egypt : President Hosni Mubarak Steps Down New Regime Assumes Power New President Elected by Myanmarese Parliament South Africa Joins BRIC : Five Nation Group Now Becomes BRICS National Council Formed in Syria Ban Ki-Moon gets Second Term Obama Announces Afghan Troops withdrawal Conference of Speakers and Parliamentarians of SAARC held in New Delhi South Sudan Becomes World’s Newest Nation on July 9. Malaysia and Vietnam 108 Indian Prime Minister’s Visit to Afghanistan 108 Prime Minister Dr.88 88 88 88 89 89 90 90 Ghazal Maestro Jagjit Singh Passes Away India Heads UN Counter-Terrorism Committee The New Telecom Policy (NTP) 2011 Free Roaming. Home Town Falls Moderate Islamists win in Tunisia’s Elections Nayef Named Saudi Crown Prince Michael Sata Declared Zambia’s New President Atambayev Elected Kyrgyz President Palestine Granted Full UNESCO Membership International Events 2010-11 International Political Updates 91 92 Myanmar Releases Aung San Suu Kyi : A Mammoth Event Warring Factions Compromise on Forming Government in Iraq. Russia Sign Fighter Aircraft Pact 111 Chinese Premier Wen Jiabao’s Visit to India 111 Six Pacts Signed 111 Uzbekistan President Islam Karimov Visits India 112 India. High Broadband Speed in New Telecom Policy Election Commission Raises Minimum Vote Cap for State Parties War on Corruption : The Fate of Whistle Blowers Cabinet Approves New Overseas Mineral Assets Acquisition Policy India’s High Networth Population Rises 20·8% to 1·53 lakh 98 98 99 99 100 100 100 100 100 101 101 101 101 102 102 103 105 105 105 106 106 Asia-Pacific Parliamentarian’s Conference Concludes in Chiang Mai. Manmohan Singh Visits Bangladesh 109 Indo-Swiss Deal to Exchange Tax-Related Information 94 94 95 95 95 96 96 96 97 97 97 98 Visitors and Guests in India 110 U. 2011 Belgium Crosses over 14 Months without Government Jhalanath Khanal Resigns from Nepalese Prime Minister’s Post China Steps up Role in Sri Lanka Projects Bhattarai Takes over as New Prime Minister of Nepal Tony Tan is Elected Singapore’s President 92 93 93 93 93 94 Indian Leaders in Abroad 107 President Pratibha Patil Visits to South Korea and Mongolia 107 Prime Minister’s Visit to Japan. Mongolia Hold Joint Military Exercise 112 ONGC Inks Pact with Uzbek Firm 112 India. Cambodia Agree to Deploy Indonesian Observes France First Western Power to Recognise Pakistan Test-fires Hatf-2 Missile Saudi Arabia Clamps Down on Dissent : All Demonstrations Banned Bahrain Declared 3-Month Emergency Amid Political Upsurge in Middle East Constitutional Changes Approved in Egypt after Change of Power Portuguese PM Quits after Parliament Rejects Austerity Plan Political Unrest Grips Syria Palestinian Factions join Hands : Sign Unity Pact Turkish Parliamentary Elections : Erdogan Again Comes to Power Libyan Dictator Qaddafi Killed. Thailand Libyans Focus on Reconciliation Rebuilding Fall of Libya : Qaddafi is Now History Sri Lanka Lifts State of Emergence after 28 years Danes Elect First Woman PM Thailand. Myanmar Chart out Path of Cooperation PD Panorama Year Book / 10 .

Vietnam Launch Security Dialogue 121 Historic Peace Deal Signed in Nepal 121 India Signs OECD Convention on Tax Evasion 123 XIth India-EU Summit in Brussels Successfully Concludes 124 Chinese Premier Wen Jiabao’s Visit to Pakistan 124 Chinese President Hu Jintao Visits the USA 125 BRICS Summit Vows to Coordinate on Political Economic Issues 125 BRICS Nations will use their Own Currencies in Credit Grant 126 2nd Africa-India Concludes Summit in Ethiopia 126 Bilateral Relations 126 The Addis Ababa Declaration 127 G-8 Summit Concludes : Shows Special Concern for Middle East-Expressed 127 SCO’s 10th Anniversary Summit and India 128 Sri Lanka Partners with Russia. Germany Agree to take Business Partnership Forward 115 China-Russia Sign Energy Deal 115 India. Russia to Set up Joint Venture to Co-develop Military Transport Aircraft 113 4-Nation Pact to Fight Terrorism 113 India. South Africa 130 US-Russia to Join East Asia Summit (EAS) 130 International Conference on Afghanistan in Kabul 131 International Conference on Global Warming. MoUs and Treaties 112 India. South Africa Toes West Line in the Climate Negotiation 132 17th ASEAN Summit 133 Fifth East Asia Summit 133 XIth India-EU Summit in Brussels 134 Cancun Conference on Climate Change Concludes 135 Vibrant Gujarat Summit Concludes : Fetches Huge Investment 135 Sochi Summit : A New Strategic Move in SouthCentral Asia 135 41st IFFI Held in Goa 136 Higher Education Summit 2011 136 17th SAARC Summit Concludes in Maldives 137 Main Points of 17th SAARC Summit Declaration 2011 : Building Bridges 137 G-20 Summit 2011 Concludes in Cannes 138 Worthy Investment 138 Agreement to Fight Cross Border Tax Evasion Signed 138 APEC Summit 2011 : Pledge to Strengthen Economic Integration 139 CHOGM 2011 Concludes in Perth : Calls for Major Changes International Visits. South Korea Sign two MoUs on Defence 113 US. Meets and Summits 122 G-20 Summit Concludes in Seoul 123 Cancun Conference on Climate Change Concludes : Agreements Adopted PD Panorama Year Book / 13 . Climate Change. Deals. Russia Sign Defence Agreements 114 Russia. Germany Ink Cultural Accord 115 India. Bangladesh Sign $ 1 billion Line of Credit Agreement 116 Huge US-Saudi Arms Deal 116 India Signs Nuclear Liability Treaty 116 India and US MoU for Hi-tech Disease Detection Centre 117 India-Oman Agreement on Technology Transfer 117 India and Bangladesh Finalise Deal on the Sharing of Teesta and Feni River Water 117 India.International Agreements. US Law School of Sign MoU/Agreement 118 AEPC Signs MoU with Russian Union in Moscow 118 UK-France Sign Joint Nuclear Testing Treaty 118 Russia and Britain Sign a Petroleum Pact Worth $ 7·8 billion 119 Russia and the USA Sign Nuclear Cooperation Pact 119 US-Russia Ratifies Air Transit Deal 119 Bangladesh Signs N-Deal with Russia 119 Landmark ILO Treaty to Protect Domestic Workers 120 Iran Cements Ties with Neighours with Massive Gas Deal 120 Russia Signs Free Trade Pact with CIS States 120 India. Norway Sign Arctic Border Pact 114 Saudi Arabia Clinches Mega Arms Deal with the United States 114 India. Nepal Ink Economic Pacts 121 India. Sustainable Development and Secular Spirituality at Thiruvananthapuram 132 Basic Unity Stands Ruptured. Scotland Sign Four MoUs on Education 115 India. World Bank Sign Pact on Cyclonic Impact in India 118 Indian. China 128 China-Russia Agree to Build Energy Ties 128 South Asian Association for Regional Cooperation Fourth Meeting of the SAARC Ministers of Interior/Home 129 FAO Conference on East-Africa Famine Held in Rome 129 5th IBSA Summit is Held in Pretoria.

Jobs : Innovator. with India in Range.’s Khan’s Startling Revelations about North Korea’s Payment for Nuclear know-how 146 East Asia Meet Defuses Flashpoints with China 146 Chinese Foundation Plans $ 3 billion Project in Nepal 147 US Stalls Military Aid to Pakistan 147 India’s Paradigm Shift in Stand on Climate Change 148 India may Topple Japan as Third Largest Economy 148 Six Million North Koreans Face Food Shortages : UN 148 UN Women’s Scheme for Widows in South Asia 148 Lakshmi Mittal Retains Top Spot of Richest Asian in U.Miscellaneous Affairs/Matters from Asia 140 Fresh Row between North Korea and South Korea Alarms the World 140 NATO Sets 2014 Deadline in Afghanistan 141 Security Council Eases Sanctions on Iraq 141 Myanmarese Military Junta Building N-Sites with North Korean Help 141 Russia Launches Rocket Carrying its Glonass 141 China Becomes Fourth Largest Offshore Oil and Gas Producer 142 China Tests-Flight its First Stealth Jet 142 India takes over as Co-chair of Asia Pacific FATF 142 $ 3·1 billion US Aid Proposed to Pakistan 142 Pak Builds New Reactor to Add More Bombs to N-Kitty 143 Hatf-7. 2 Economy Status to China 143 Japan Shifts 13 feet Closer to US 144 China Doles out $ 19·8 million Military Aid to Nepal 144 China Unveils Plans to Tibet-Xinjiang Rail Links 145 Vietnam Begins Agent Orange Clean up 145 Russia Builds Missile Shield 145 China’s First Aircraft Carrier Sets out for Sea Trial 146 China Unveils First Aircraft Carrier 146 A.Q. 148 Russia Proposes Plant to Tighten Global Nuclear Safety 149 Pakistan Tests Short Range Ballistic Missile Hatf IX 149 Japan Raises Nuclear Disaster Rating to Highest Level 7 in Radiation Leak : Fukushima Becomes New Chernobyl 149 Pakistan’s Spy Agency ISI Listed as Terrorist Group 149 Russia Celebrates Conquest of Space 150 Osama Bin Laden Killed in US Attack 151 Indian Railway Project in Sri Lanka in Full Steam 152 In China. Thanks to Soaring Prices 159 Nuclear Pull out to Cost Germany 250 billion Euros 159 Green Warrior and Nobel Laureate Wangari Maathai is no more 159 US Poverty Rate reaches 15·1% 160 Germany to Support India’s UNSC Ambition 160 Terror Tentacles 161 Steven P. Vietnam Try to Resolve Dispute over South China Sea 163 Indian Ocean Nations Test Tsunami Warning System PD Panorama Year Book / 14 . Visionary is No More 162 US Forces Yet to Stay in Afghanistan : US Defence Secretary 162 Nobel Laureate Har Gobind Khorana Dies at 89 163 China Warns it is Losing Patience with Syria 163 China.K. LTTE of War Crime 156 Australia Steps up Climate Fight Unveils Carbon Tax 157 S and P Downgrades Debt Rating of US for the First Time 157 Spanish Duchess gives up Fortune to Marry 158 World Rallies to Tame Financial Crisis 158 Food Crisis Intensifying in Africa. a Rediscovery of Sanskrit Adds Grace to Chinese Academia 152 China Stages Military Drills in South China Sea 152 Russia Protests Against US Ship in the Black Sea 152 Food Shortage Drives North Korea to Brink of Humanitarian Crisis 153 Kazakhstan Passes Restrictive Religion Law 153 Taiwan Leader Rejects China Unification offer 153 Chinese Moves in Maldives : A Security Concern for India Other Vital International Affairs and Issues in Brief 154 NATO Determined to Defend Baltic States 154 Pentagon Brings Down Defence Budget by $ 78 billion 155 UN Backs New N-Fuel Plan 155 Over 600 Bilateral Tax-Related Pacts Inked Worldwide 155 Over 44 million People Jabless in OECD Region 155 NASA Chooses Retirement Homes for Space Shuttles 156 Swiss Lawmakers in Favour of Phasing out Nuclear Power 156 US to give China a Pass on NSG Commitments for Pakistan Nuclear Deal 156 UN Panel Accuss Colombo. Tested 143 IAEA Approves Safeguards for New Pakistani Reactors 143 Japan Loses No.

163 India. China have more Affluent Families than Europe 163 Turbulent Syria : Government Promises Reforms. Blames outsiders for Unrest 164 Russia Defends Veto of Resolution on Syria 164 US House Panel Approves Bill to Slash UN Funds 164 World Population hits Seven Billion 301 India Champion of ICC Cricket World Cup 2011 305 34th National Games 2011 : Services on the Top in Medal Tally 306 19th Commonwealth Games-2010 Economic Vision Indian Economy Some Latest Indicators 309 PMEAC’s Review of the Economy 2011-12 309 IMF Warns Indian Economy Against Overheating 309 World Bank Predicts Low Growth in Asia during 2011-12 310 GDP Projections at 8·1% in 2011-12 by CMIE 310 UNCTAD Expects 8·1% Growth in 2011 310 Government Approves New Mining Bill 310 ADB Lowers India’s Growth Projection for 201112 to 7·9% 310 Foreign Tourists Number Registers Growth of 24·2% in 2010 311 Human Development Report 2010 311 Salient Features of Indian Economy 313 IMF Chief Places India as ‘Economic Pawerhouse’ Latest General Knowledge 165 Places in the News 168 Persons in the News Appointments/Election 173 National 181 International Obituary 183 188 189 191 225 234 235 237 240 242 254 256 257 258 260 National International Resignation / Dismissal / Removal Awards and Honours Committee / Commission / Panel / Report / Survey / Study Environment/Wildlife Conservation/Climate Change Art/Culture/Archaeology/Heritage Defence / ISRO / Space / Satellite / Submarine Projects/Schemes/Bill/Plan Science and Technology Operation/Expedition/Adventure Tragedies and Accidents Books and Authors Important Days/Weeks/Years Abbreviations/Acronyms Poverty in India 313 Planning Commission to Announce Block-level Poverty Estimates 314 Tendulkar Group Suggests Consumption Expenditure for Identifying BPL Families 314 Poor People Number in India comes down : World Bank 315 Inequality in India 315 India Ranks down in Global Hunger Index 315 Estimates of National Income in India Sports Panorama 2010-11 262 264 266 267 268 275 277 280 282 283 284 291 292 295 298 Athletics Badminton Basketball Billiards and Snooker Chess Football Golf Grand Prix Hockey Table Tennis Tennis Squash Sports Persons in the News Sports Miscellaneous 16th Asian Games Guangzhou 2010 Population Statistics 316 Urban-Rural Population Statistics of census 2011 Released 316 Socio-Economic and Caste Census Begins 316 World’s Population to Cross 7 billion on October 31. 2011 317 Janasankhya Sthirata Kosh (JSK) 317 Global Gender Gap Report Puts India on Poor Front 317 Economic Census to go Side by Side with Census 2011 317 National Population Register 317 Unique ID Project (Aadhaar) 318 SBI to Become First Registrar for UIDAI 270 Cricket Public Finance 318 Financial Sector Legislative Reforms Commission Constituted PD Panorama Year Book / 15 .

Small and Medium Enterprises (MSMEs) Khadi and Village Industries SIDBI gets Rs. becomes Highest Foodgrain Producer in India Minimum Support Price of Agriculture Products Area Coverage Under Foodgrains Agricultural Credit Institutional Credit Disbursement to Agriculture Minimum Support Price of Kharif Crops for 2011-12 Minimum Support Price of Rabi Crops 2012-13 Government Raises Fair and Remunerative Price (FRP) for Sugarcane Major Crops and their Seasons Plantation Crops Commercial Crops Food Management in India Rangrajan Panel Suggests to put APL Category out of Food Security Bill Food Subsidy Agricultural Holdings New National Agricultural Policy Green Revolution in India Animal Husbandry Second Green Revolution Agricultural Marketing Rashtriya Kirshi Vikas Yojana White Revolution and Operation Food in India Dairying Sector Fisheries Sector Yellow Revolution Use of Fertilizers Irrigation 344 Competition Commission of India becomes Operational PD Panorama Year Book / 16 . p.P. 7200 crore for Medium.a. Small and Micro Industry Indian Textile Industry Policy Initiatives for Promoting Micro. Emerges Top Producer of Mentha in the World Indian Industry 335 335 336 337 337 337 338 338 338 339 339 340 340 340 341 341 341 341 341 342 342 342 342 343 343 343 343 344 344 344 344 New Base Year Index for Industrial Production Industrial Sector Current Status Industrial Policy Since Independence National Manufacturing Policy Micro. gets Exemption from Filing Income Tax Returns 318 Thirteen Finance Commission Report 319 Rangarajan Panel proposed to Abolish Distinction between Plan and Non-Plan Expenditures 319 Government Services Likely to be Taxed under GST 319 Tax Revenue Collections declined. Indian Agriculture 326 326 326 326 326 327 327 327 327 328 328 328 329 329 329 330 330 331 331 331 331 332 332 332 332 333 333 333 333 334 Agriculture’s Share in Indian Economy Capital Formation in Agriculture 4th Advance Estimate of Foodgrains for 2010-11 U.P.318 Salaried people upto 5 lakh. 320 Tax to GDP Ratio declines to 1473 per cent 321 Railway Budget 2011-12 322 Union Budget 2011-12 325 Indirect Tax Proposals 325 Service Tax Proposals 325 New Direct Tax Code 334 Drought Management 334 National Policy for Farmers 2007 335 India’s Farm Exports Registers 40% Growth in 3 years 335 U. Small and Medium Enterprises Iron and Steel Industry Sugar Industry Fertilizer Industry Coal Industry India Launches Compaign to Attract Foreign Tourists Tata Power to Divest Stake in Mundra Ultra Mega Power Project Gems and Jewellery Industry Petroleum Industry IOC’s Paradip Refinery to Start output by March 2012 Government Launches NELP-IX ONGC Becomes Top Profit Earner among Public Sector Enterprises Financial Support to NTPC for Capacity Addition Central Public Sector Enterprises 10 Sick PSUs get Budgetary Support of 70·41 crore Maharatna PSUs Navratna PSU Establishment of 7 Industrial Parks Holiday Extended ‘Navratna’ and ‘Mini Ratna’ Companies are Allowed to Invest in Mutual Funds Companies Bill 2009 Re-introduced in Parliament RIL-RPL Merger Ratio Stood at 1 : 16 Disinvestment and Revival of Sick CPSEs CCEA Clears Disinvestment in CIL and Hindustan Copper Ltd.

2010 346 RBI asks Banks to Cap Cash Deposit Charges Maximum at 5 346 RRBs Need 2200 crore Recapitalisation by 201112 346 RBI’s Annual Report 2010-11 347 Government releases Coins Series having Rupee Symbol 347 RBI to Issue non-sequentially Numbered 500 notes 347 RBI allows Corporate India to Enter Banking Sector 347 RBI’s Key Guidelines for Corporate India to Enter Banking Sector 348 Base Year of Wholesale Price Index Changed to 2004-05 348 Lok Sabha Approves Reserve Bank (Amendment) Bill 2005 348 Parliament Passes SBI (Amendment) Bill 2010 349 Ordinance Released for Removing Minimum Ceiling of Statutory Liquidity Ratio (SLR) 349 RBI Issue Basel II Guidlines for Banks 350 Government to Buy RBI’s Stake in NABARD and NHB 350 NABARD Extends 687 crore Credit 350 RBI Buys 200 tonne Gold from IMF 350 Bank’s Lending to Priority Sector 351 Credit Flow to Agriculture 351 Usha Thorat Committee on Non-Banking Finance Companies 351 Bank Credit increases 3·75% in Q1 of 2011-12 351 SIDBI to Raise Rs.000 crore in 2010-11 351 Private Banks Register Rise in Credit Growth 352 Bill Introduced in Parliament to Raise SBI Authorised Capital to 5.Money and Banking 345 RBI Raised Repo and Reverse Repo Rates 345 RBI makes Banks Free to Fix Base Rates from July 1.000 crore 352 Micro Finance 352 Capital Market in India 352 Rural Infrastructure Development Fund 353 Securities and Exchange Board of India (SEBI) 353 SEBI Raises Retail Investor’s Investment Limit 354 Micro-Finance Bill 354 ICEX becomes Fourth Commodity Exchange 354 IRDA Penalises 10 Insurance Companies 354 Inflation Date to be released on Monthly Basis 355 Retail Prices Based Three Consumer Price Index Launched 355 Inflation Rate Increased 355 Consumer Price Index up 1·25% in September 2011 355 355 357 357 357 Development and Employment 355 7 lakh Jobs Created in Organised Sector Unemployment Rate Falls to 2% in 2009-10 Major Schemes in Social Sector Bharat Nirman Stands for Behind the Target Bharat Nirman Yojana Launched Primary Education : Two Flagship Programmes 2000 crore Scheme for 358 Uttar Pradesh Launches Slums 358 Government Launches ‘Swabhiman’ Scheme to Open Bank Accounts in Villages 358 Education becomes a Fundamental Right 358 Swarojgar Credit Card Scheme Foreign Trade and Balance of Payment 358 Foreign Trade Policy 2009-14 359 Government Announces Measures to Boost Exports 360 RBI Relaxes FEMA Norms for Individuals 360 India’s Gem and Jewellery Exports 360 Apparel (Garments) Exports Estimated to Show 10% Growth in 2010-11 360 Coffee Exports Shows 59% Growth in 2010-11 360 Balance of Payments Position in India 361 India and China to Raise Bilateral Trade to $ 100 billion by 2015 361 Tarapore’s Report on full Convertibility of Rupee 361 Current Account Deficit Dips in Q4 of 2010-11 362 Anti-dumping Duty Imposed on Chinese Equipment 362 Foreign Direct Investment (FDI) 362 Government Approves 3.450 crore FDI in Mauritius based Infra Fund 362 FDI Norms Eased for Small Scale Sector 363 India is World’s Second-Best Favourite FDI : UNCTAD 363 Special Economic Zone (SEZ) 364 Government Approves 5 New SEZs 364 Commerce Ministry Proposes 74% FDI in Defence Sector 364 FDI in Cigarettes Manufacturing Banned 364 India’s Overseas Investments 364 Foreign Exchange Reserves in India 365 India’s External Debt 365 Government Relaxes External Commercial Borrowing Norms 365 RBI to Buy IMF Notes Worth $ 10 billion PD Panorama Year Book / 17 . 15.

000 crore 376 India’s Rank in Innovation Efficiency Index Improves 377 UNIDO Report includes Indian Top 10 Industrial Nations 377 India Slips Further in Global Corruption Perception Index 377 57 Indian Companies included in Global 2000 List of Forbes 378 13 Big Cities Switch to Euro-IV Fuel 378 Three Indian Ladies in Forbes 100 Most Powerful Women List 379 Global Business Competitiveness Index 379 India’s 20th Rank in Merchandise Trade and 16th in Service Trade in the World : WTO 379 India Slips Down to 4th Rank in World Steel Production 379 BRICS Nations Agree to Trade in Own Currencies 379 ADB’s Aid to India for Infra-development 380 ADB to Extend $ 500 million to Indian Railways 380 ADB to Provide $ 100 million Loan for Solar Project in Gujarat 380 Mukesh Ambani is Richest Indian Man and Savitri Jindal Richest Indian Woman in Forbes India Rich List 380 Nobel Prize in Economics 2011 381 Government Announces Disinvestment Policy 382 Bill Gates have More Wealth than 140 Countries 382 Anand Mahindra Wins E&Y’ Entrepreneur of the year Award 2009 382 New Income Tax Rules to Replace FBT 382 Adani Power Becomes India’s Largest Thermal Power Producer 383 Adani’s Solar Project 383 UIDAI Unveils UID’s Logo ‘AADHAAR’ 383 National Social Security Fund Constituted for Labours of Unorganised Sector Economic Planning 370 371 371 372 372 372 373 373 373 Planning Commission of India National Development Council-NDC National Targets of the 11th Plan (2007-12) Planning Commission Expects 11th Plan Growth Rate to Exceed 8·1% Eleventh Five Year Plan (2007-2012) Infrastructure Investment in 11th Plan 12th Plan Approach Paper Proposes 9·0% Average Growth CEA Expects 100000 Mw Addition in 12th Plan (2012-17) India Vision-2020 Other Issues Related to Indian Economy 374 NSSO Starts Work on Urban Employment Data 374 New Duty Drawback Scheme for Exports 374 Hong Kong again Rated as World’s Freest Economy 374 India’s Rank Falls to 14th in Attracting FDI : UNCTAD 374 Kirit Parikh Committee recommendations 374 Nilekani Panel Submits Report of Cash Transfer Scheme 375 India Tops Global Confidence Index List Memorable Points 385 National 395 International PD Panorama Year Book / 18 .Transport and Communications 366 Indian Transport Sector : An Overview 366 Dividend of Seven Enterprises Under Railway Ministry 367 Delhi Metro Among Top Five Metros in the World 367 First Double-decker Train runs on Wheel in India 367 National Highway Development Project (NHDP) 367 Major Ports to Follow ‘Monopoly Policy’ 367 Country’s Ports to get Big Investment 368 Sagar Mala Project 368 Government Allows to Impose ADF on Air Passengers 368 ‘Vayudoot’ Under Revival Proposal of Air India 368 Railways Develop Biodiesel Based Locomotive Engines 368 Telephone Network in India 369 Fixed-line Phones to have 10-digit Number 369 Seven Telecoms get 3G Spectrum Allotment 369 The New Telecom Policy (NTP) 2011 370 Free Roaming. High Broadband Speed in New Telecom 370 Nationwide Mobile Number Portability Launched 375 Panel to Probe Black Money Constituted 375 Expert Group Suggests to End ‘Kisan Vikas Patra’ Scheme 375 20 Indian Companies in Forbes’ Asia List 376 67th Rank to India in Global Hunger Index 376 Global Gender Gap Report Puts India on Poor Front 376 Government to Create Innovation Fund with 5.