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World Bank lowered growth forecast for developing

world to 4.8 percent


Published on: 11-J UN-2014
Important for Exam: 117 people agreed
GEP report of World Bank has revised down the economic growth
forecast of developing world in 2014 to 4.8 percent from 5.3 percent.
NABARD reduced rates of refinance to boost
investment credit
Published on: 10-J UN-2014
Important for Exam: 70 people agreed
The National Bank for Agriculture and Rural Development (NABARD) on
9 J une 2014 reduced the rate of interest by 20 basis points (bps)
RBI simplified KYC norms for opening bank account
Published on: 10-J UN-2014
Important for Exam: 84 people agreed
KYC norms for opening bank account have been eased by RBI. Now
single documentary proof of address can be used to open a bank
account.
Indian Services sector expanded for the first time in
eleven months: HSBCs PMI
Published on: 05-J UN-2014
Important for Exam: 29 people agreed
The Services sector in India expanded for the first time in 11 months.
This was revealed by the HSBC Services Purchasing Managers' Index
IICA signed MoU with Grant Thornton to implement
CSR Rules of Companies Act 2013
Published on: 04-J UN-2014
Important for Exam: 70 people agreed
IICA & Grant Thornton India signed MoU to develop capacity of Indian
companies to implement the CSR Rules laid in Section 135 of
Companies Act 2013.
India became the second largest exporter of textiles in
the world: UN Comtrade
Published on: 03-J UN-2014
Important for Exam: 114 people agreed
India became the second largest exporter of textiles in the world. This
was revealed by the recent data released by UN Comtrade
RBI announced second Bi-Monthl y Monetary Policy
Statement
Published on: 03-J UN-2014
Important for Exam: 239 people agreed
Reserve Bank of India was released second Bi-Monthly Monetary Policy
Statement.
India became 2nd largest textiles exporter after China:
UN Comtrade
Published on: 03-J UN-2014
Important for Exam: 23 people agreed
India became the 2nd largest exporter of global textiles after China.
CSO released Provisional and Quarterl y Estimate of
National Income for 2013-14
Published on: 31-MAY-2014
Important for Exam: 167 people agreed
Central Statistical Organisation (CSO) on 30 May 2014 released the
Provisional and Quarterly Estimate of National Income for the financial
year 2013-14.
India signed loan agreement with World Bank for
Sarva Shiksha Abhi yan III
Published on: 30-MAY-2014
Important for Exam: 149 people agreed
Union Government and the World Bank signed a loan agreement for
World Bank (IDA) assistance of 1006.20 million US dollar for Sarva
Shiksha Abhiyan III.
RBI tightened acquisition & merger rules for Non-
Banking Financial Companies
Published on: 27-MAY-2014
Important for Exam: 115 people agreed
RBI tightened merger rules for non-bank finance companies
Foreign Exchange Reserves increased by 15.5 billion
US dollar in 2014: RBI
Published on: 27-MAY-2014
Important for Exam: 51 people agreed
Foreign exchange reserves increased by 15.5 billion US dollar in the
financial year ended March 2014.
INR appreciated to 11-month high to become the best
performing currency in Asia-Pacific region
Published on: 26-MAY-2014
Important for Exam: 64 people agreed
Indian rupee becomes the best performing currency in Asia-Pacific
region against US dollar so far in 2014.
Singapore became the top source of FDI into India
replacing Mauritius: DIPP
Published on: 26-MAY-2014
Important for Exam: 94 people agreed
Singapore became the top source of foreign direct investment (FDI) into
India.
RBI permitted the banks to provide loans to exporters
with 10 years tenure
Published on: 23-MAY-2014
Important for Exam: 90 people agreed
RBI allowed banks to provide loans with tenures of up to 10 years to
exporters to help them ensure capital flows to fulfill long-term contracts
Indian Stock Market entered trillion dollar club based
on m-cap
Published on: 23-MAY-2014
Important for Exam: 32 people agreed
Indian Stock Market entered trillion dollar club on 20 May 2014.
AFD extended 100 million euro Line of Credit to IREDA
Published on: 23-MAY-2014
Important for Exam: 25 people agreed
AFD extended Line of Credit of 100 million Euro to IREDA to be utilised
for financing Renewable Energy and Energy Efficiency projects in India.
RBI directed all banks to install disabled friendl y new
ATMs
Published on: 22-MAY-2014
Important for Exam: 106 people agreed
RBI directed all new ATMs to be installed by commercial banks from J uly
2014 onwards would provide audible instructions and Braille keypads to
customers.
RBI eased gold import norms under 20:80 Scheme
Published on: 22-MAY-2014
Important for Exam: 144 people agreed
The Reserve Bank of India allowed star houses (SRH) and premier
trading houses (PTH) to import gold under the 20: 80 Scheme.
Bharati ya Mahila Bank included in Second Schedule
of RBI Act, 1934
Published on: 22-MAY-2014
Important for Exam: 158 people agreed
Bharatiya Mahila Bank included in the Second Schedule to the Reserve
Bank of India Act, 1934 and became eligible for loans from RBI on bank
rate.
Nayak Committee to Review Governance of Boards of
Banks in India submitted its report to RBI
Published on: 17-MAY-2014
Important for Exam: 151 people agreed
The committee to review Governance of Boards of Banks in India on 13
May 2014 submitted its report to Reserve Bank of India (RBI).
Kasturirangan Task Force on Waste to Energy
submitted its report to the Planning Commission
Published on: 17-MAY-2014
Important for Exam: 40 people agreed
Kasturirangan Task Force on Waste to Energy submitted its report on 14
May 2014 to the Planning Commission.
Plastic currency notes to be launched in 2015:
Raghuram Rajan
Published on: 16-MAY-2014
Important for Exam: 211 people agreed
Governor of the Reserve Bank of India announced that plastic currency
notes will be launched in 2015 after field trials in five cities.
India to become the third largest oil consumer by
2025: US EIA
Published on: 14-MAY-2014
Important for Exam: 79 people agreed
India will become the worlds third largest oil consumer by 2025
according to the US Energy Information Administration.
RBI allowed bank branches abroad to sell structured
products
Published on: 13-MAY-2014
Important for Exam: 58 people agreed
RBI has allowed the overseas branches of domestic banks to offer
structured derivatives even if the products are not allowed in India, at
present.
Indian companies are not permitted to raise External
Commercial Borrowings: RBI
Published on: 10-MAY-2014
Important for Exam: 83 people agreed
RBI in its notification barred eligible Indian companies from raising ECB
from overseas branches/subsidiaries of Indian banks.
President of India launched Indigenous Card payment
System Rupay
Published on: 09-MAY-2014
Important for Exam: 72 people agreed
President of India on 8 May 2014 launched Rupay, Indigenous Card
payment System at Rashtrapati Bhawan in Delhi.
RBI allowed the minors of age above 10 years to open
Savings bank accounts
Published on: 07-MAY-2014
Important for Exam: 173 people agreed
Reserve Bank of India (RBI) on 6 May 2014 issued the guidelines to
allow the minors of age above...
EU imposed temporary ban on Indian Alphonso
mangoes and 4 vegetables
Published on: 29-APR-2014
Important for Exam: 152 people agreed
EU imposed a temporary ban on import of Alphonso mangoes and four
vegetables from India. The ban will come into effect from 1 May 2014.
RBI will decide NPA guidelines rules: Gujarat High
Court
Published on: 25-APR-2014
Important for Exam: 106 people agreed
Gujarat High Court has restored the RBIs power to decide the period
after which a bad loan can be called a Non-Performing Asset (NPA).
DGCA allowed Portable Electronic Device including
cellphones during Flights
Published on: 25-APR-2014
Important for Exam: 67 people agreed
The Directorate General Civil Aviation (DGCA) decided to allow the use
of Portable Electronic Devices (PEDs) during flights.
RBI issued uniform accounting norms for Asset
Reconstruction Companies
Published on: 25-APR-2014
Important for Exam: 48 people agreed
The Reserve Bank of India (RBI) on 23 April 2014 issued uniform
accounting standards for Asset Reconstruction Companies (ARCs).
Umesh Bellur headed GIRO Advisory Group submitted
its report to RBI
Published on: 24-APR-2014
Important for Exam: 86 people agreed
GIRO Advisory Group (GAG) under the chairmanship of Prof. Umesh
Bellur on 23 April 2014 has submitted its report to Reserve Bank of India
(RBI).
IFFCO got permission from Quebec Provincial
Government to set up Urea plant
Published on: 21-APR-2014
Important for Exam: 34 people agreed
IFFCO received approval to set up a Urea Plant in Canada on 19 April
2014
Union Government decided to continue export
subsidy of 3300 rupees per tonne on raw sugar export
Published on: 21-APR-2014
Important for Exam: 18 people agreed
Union Government has decided to continue export subsidy of 3300
rupees/tonne on raw sugar shipments for months of April and May 2014.
SEBI issued detailed Corporate Governance Norms
Published on: 19-APR-2014
Important for Exam: 117 people agreed
SEBI has issued detailed corporate governance norms for listed
companies to encourage companies to adopt best practices on
governance.
CAG empowered to audit private telecom companies:
SC
Published on: 17-APR-2014
Important for Exam: 41 people agreed
Supreme Court in its direction said that CAG is empowered to audit the
private telecom companies.
Inflation based on WPI reached 3-month high of 5.7%
in March 2014
Published on: 16-APR-2014
Important for Exam: 46 people agreed
WPI for month of March 2014 was recorded at 5.7%, which was 3-month
high. This hike was driven up by increases in prices of food items and
fuel costs.
Basel Committee issued Final standards to curb
exposures of banks to customers
Published on: 16-APR-2014
Important for Exam: 52 people agreed
The Basel Committee on Banking Supervision on 15 April 2014 issued
Final standards for measuring and controlling large exposures of banks
to customers.
Securities of 7 firms to be moved from restricted to
normal trading category: SEBI
Published on: 16-APR-2014
Important for Exam: 42 people agreed
SEBI had asked the stock exchanges to consider shifting the securities
of seven companies to normal trading category from restricted segment.
World Trade to grow by 4.7 percent in 2014: WTO
Published on: 15-APR-2014
Important for Exam: 39 people agreed
World Trade Organisation projected that the world trade grow by 4.7
percent in 2014
India became net steel exporter after a gap of 6 years
Published on: 14-APR-2014
Important for Exam: 47 people agreed
India became net steel exporter in 2013-14 after a gap of six years.
WB projected economic growth rate of 5.7% for India
in 2014-15 fiscal
Published on: 11-APR-2014
Important for Exam: 60 people agreed
World Bank has projected that the economic growth rate of India for the
fiscal year 2014-2015 will be 5.7 percent.
India ranked 102 out of 132 countries on Social
Progress Index
Published on: 05-APR-2014
Important for Exam: 91 people agreed
India was ranked 102 out of 132 countries on the Social Progress Index
(SPI) published by the US-based non-profit organisation Social Progress
Imperative
MCA notified rules on providing insurance cover for
public deposits
Published on: 05-APR-2014
Important for Exam: 33 people agreed
Union Ministry of Corporate Affairs (MCA) notified rules on providing
insurance cover for public deposits
SEBI revamped committee on disclosure and
accounting standards
Published on: 04-APR-2014
Important for Exam: 17 people agreed
SEBI has revamped its committee on disclosures and accounting
standards, which advises it on matters related to disclosure
requirements.
Reserve Bank of India adopted CPI as new measure of
Inflation
Published on: 03-APR-2014
Important for Exam: 254 people agreed
Reserve Bank of India adopted the new Consumer Price Index (CPI)
combined as the key measure of Inflation.
RBI approved banking licences to IDFC Ltd and
Bandhan financial services
Published on: 03-APR-2014
Important for Exam: 43 people agreed
RBI has granted in-principle approvals to IDFC Ltd and Bandhan
Financial Services Pvt Ltd to start new banks in India.
Banks should not levy penal charges for non-
maintenance of minimum Balance: RBI
Published on: 02-APR-2014
Important for Exam: 84 people agreed
The RBI in its first bi-monthly monetary policy statement for 2014-15
directed banks not to impose financial penalty
Asian Development Outlook 2014 released
Published on: 02-APR-2014
Important for Exam: 44 people agreed
Asian Development Outlook 2014 released by the Asian Development
Bank on 1 April 2014.
RBI capped WMA limit for central government at
35000 crore rupees for 2015 first half
Published on: 02-APR-2014
Important for Exam: 67 people agreed
RBI has capped the Ways and Means Advances limit for the first half of
the new financial year 2014-15 at 35000 crore rupees for Union
Government.
Repo Rate kept unchanged by RBI in First Bi-monthl y
Monetary Policy Statement 2014-15
Published on: 01-APR-2014
Important for Exam: 81 people agreed
Reserve Bank of India (RBI) announced on 1 April 2014 its first Bi-
monthly Monetary Policy statement 2014-15
Union Ministry of Corporate Affairs notified rules for
ten more chapters in the new Company Act
Published on: 01-APR-2014
Important for Exam: 53 people agreed
Union Ministry of Corporate Affairs notified rules for ten more chapters in
the new Companies Act, 2013.
India GDP rises to 5.5 percent in 2014-15: Asian
Development Outlook 2014
Published on: 01-APR-2014
Important for Exam: 56 people agreed
India GDP forecast to 5.5 percent in 2014-15 according to report by the
Asian Development Outlook 2014.
President cleared the re-promulgation of SEBI
Ordinance 2013
Published on: 31-MAR-2014
Important for Exam: 82 people agreed
President Pranab Mukherjee on 30 March 2014 cleared the re-
promulgation of the SEBI Ordinance Securities Laws (Amendment) Bill
2013.
BHEL signed contract of 125crore rupees of hydro
power in Uttarakhand
Published on: 31-MAR-2014
Important for Exam: 69 people agreed
BHEL signed a contract 125 crore rupees from Uttarakhand J al Vidyut
Nigam Limited
NCDEX launched Bajra Future Contract
Published on: 31-MAR-2014
Important for Exam: 22 people agreed
NCDEX launched the Worlds first bajra contract for the benefit of Indian
farmers.
Spices export of India increased 41 percent during
April to December 2013
Published on: 28-MAR-2014
Important for Exam: 27 people agreed
Spices Boards released figures say that export of spices of India from
April to December 2013 has increased by 41 percent in terms of rupees.
RBI extended the timeline for full implementation of
Basel III norms by 2019
Published on: 28-MAR-2014
Important for Exam: 116 people agreed
The Reserve Bank of India (RBI) extended the timeline for full
implementation of the Basel III capital regulations by a year.
SEBI to release FATCA compliance norms in the fiscal
year 2014-15
Published on: 27-MAR-2014
Important for Exam: 61 people agreed
SEBI announced on 25 March 2014 to release the Foreign Account Tax
Compliance Act (FATCA) compliance norms in the fiscal year 2014-15.
EPFO announced to provide Universal Account
Number from October 2014
Published on: 27-MAR-2014
Important for Exam: 52 people agreed
EPFO on 24 March 2014 announced to provide Universal Account
Number (UAN) to its five crore subscribers from 1 October 2014.
Aditya Puri headed RBI Panel submitted its report
Published on: 26-MAR-2014
Important for Exam: 63 people agreed
A RBI panel headed by Aditya Puri submitted its report on 22 March
2014.
Bank of India launched Instant Money Transfer
Scheme
Published on: 25-MAR-2014
Important for Exam: 132 people agreed
Bank of India on 24 March 2014 launched Instant Money Transfer (IMT)
scheme in Mumbai
Government of India divested its 9 percent stake in
Axis Bank
Published on: 22-MAR-2014
Important for Exam: 29 people agreed
The Government of India divested its 9 percent stake in Axis Bank on 21
March 2014.
FDI inflow grew in January 2014 by 1.5 percent: DIPP
Published on: 21-MAR-2014
Important for Exam: 27 people agreed
The foreign direct investment (FDI) grew in J anuary 2014 by 1.5 per cent
to 2.18 billion US dollar compared to 2.15 billion US dollar in J anuary
2013.
RBI issued notice to banks concerning
discontinuation of Windows XP
Published on: 21-MAR-2014
Important for Exam: 94 people agreed
The Reserve Bank of India (RBI) issued notice to banks to take
measures to counter the threat expected to arise from discontinuation of
Windows XP
RBI extended 80:20 scheme to import gold to five
private banks
Published on: 20-MAR-2014
Important for Exam: 131 people agreed
The Reserve Bank of India (RBI) on 19 March 2014 extended the 80:20
scheme to import gold to five private banks.
SEBI issued new norms to ease KYC details for
investors
Published on: 20-MAR-2014
Important for Exam: 36 people agreed
SEBI has notified new set of norms to ease the process of KYC for
investors by allowing market entities to get details from the centralized
KYC agencies.
IOC sold 10% government stake to OIL and ONGC
Published on: 15-MAR-2014
Important for Exam: 48 people agreed
IOC sold 10% of government stake for 5340 crore rupees to OIL and
ONGC.
RBI hiked trade related remittance from 2 to 5 lakh
rupees per transaction
Published on: 14-MAR-2014
Important for Exam: 59 people agreed
Reserve Bank of India (RBI) hiked the trade related remittance limit from
2 lakh rupees to 5 lakh rupees per transaction
Union Finance Ministry and SEBI finalized the norms
for setting up CPSE-ETF
Published on: 12-MAR-2014
Important for Exam: 39 people agreed
Union Finance Ministry and SEBI on 11 March 2014 jointly finalized the
norms of investment for setting up CPSE - ETF
Indias exports contracted 3.67 percent to 25.7 billion
dollar in February 2014
Published on: 12-MAR-2014
Important for Exam: 33 people agreed
Indias exports have contracted by 3.67 percent in February 2014 to 25.7
billion dollars, which is the first in past eight months.
Union Government announced to build 200 low cost
airports
Published on: 11-MAR-2014
Important for Exam: 27 people agreed
Union Government on 10 March 2014 announced to build 200 low cost
airports in the next 20 years.
Committee set up to assist banking sector to appl y
Basel III norms
Published on: 08-MAR-2014
Important for Exam: 174 people agreed
Reserve Bank of India (RBI) on 7 March 2014 announced to set up a
committee under the Financial Stability and Development Council
(FSDC).
Indian Revenue Department tightened baggage rules
to curb illegal Gold Import
Published on: 07-MAR-2014
Important for Exam: 14 people agreed
Indian Revenue Department has tightened baggage rules for inbound
Indian passengers curb gold smuggling and to prevent misuse of gold
import facility.
Current Account Deficit declined to 0.9 percent of
GDP in Quarter 3 of 2013-14
Published on: 06-MAR-2014
Important for Exam: 40 people agreed
Current Account Deficit (CAD) declined to 0.9 percent of Gross Domestic
Product (GDP) in Quarter 3 (October - December) of 2013-14.
Interest rate on Post Office Fixed deposits hiked by
0.2%
Published on: 05-MAR-2014
Important for Exam: 46 people agreed
Government hiked interest rates on fixed deposit scheme offered by post
offices by up to 0.2 percent and will come into effect from 1 April 2014.
RBI extended date of exchanging pre-2005 notes to 1
January 2015
Published on: 04-MAR-2014
Important for Exam: 76 people agreed
RBI has extended date for exchange of pre-2005 banknotes to 1
J anuary 2015 and advised banks to facilitate the exchange of these
notes for full value.
Union Ministry of Commerce and Industry launched
DMIC at Lucknow
Published on: 03-MAR-2014
Important for Exam: 44 people agreed
Union Ministry of Commerce and Industry launched the DMIC chapter of
Uttar Pradesh at Lucknow
Workdays for tribals under MNREGA raised from 100
to 150
Published on: 01-MAR-2014
Important for Exam: 158 people agreed
Government raised the number of workdays under MNREGA from 100
days to 150 days.
RBI issued guidelines to deal with distressed assets
Published on: 27-FEB-2014
Important for Exam: 74 people agreed
The Reserve Bank of India (RBI) issued guidelines for revitalising
distressed assets on 26 February 2014.
NABARD formed Joint Liability Group to finance Small
Farmers
Published on: 25-FEB-2014
Important for Exam: 182 people agreed
Rural development agency NABARD announced to form a new concept
called J oint Liability Group (J LG) on 24 February 2014.
Union Cabinet approved Coal Regulatory Authority
Published on: 21-FEB-2014
Important for Exam: 76 people agreed
The Union Cabinet approved the setting up of Coal Regulatory Authority
(CRA) on 20 February 2014.
IMF projected 5.4 percent economic growth for India
in 2014-15
Published on: 21-FEB-2014
Important for Exam: 31 people agreed
IMF has projected that the economic growth for 2014-15 of India will be
5.4% and suggested India to strengthen its inflation management
policies
Gross NPAs of listed banks soared 35.2 percent
during first three quarters of 2013-14
Published on: 19-FEB-2014
Important for Exam: 79 people agreed
The gross non-performing assets (NPAs) of listed banks rose 35.2 per
cent to 2.43 trillion rupees during the first three quarters of the 2013-14.
Government de-allocated six Coal Blocks due to delay
in production
Published on: 19-FEB-2014
Important for Exam: 31 people agreed
Government de-allocated 6 coal-blocks given to different companies
following delay in production following a recommendation of IMG.
Interim Union Budget 2014-15 Tax Proposal
Published on: 17-FEB-2014
Important for Exam: 173 people agreed
Interim Budget 2014-15 of tax proposals presented
Interim Union Budget 2014-15 presented by P.
Chidambaram in Lok Sabha: Highlights
Published on: 17-FEB-2014
Important for Exam: 277 people agreed
Union Finance Minister, P Chidambaram presented the Interim Budget
2014-15 in the Lok Sabha on 17 February 2014.
Union Government raised the import tariff value on
gold and silver
Published on: 17-FEB-2014
Important for Exam: 44 people agreed
Union Government raised the import tariff value on gold and silver to 421
US dollar per 10 grams and 663 US dollar per kilogram respectively.
Second AE put Foodgrain production at 263.2 MT in
2013-14
Published on: 15-FEB-2014
Important for Exam: 31 people agreed
Union Agriculture Ministry released the Second advance estimates of
Crop Production on 14 February 2014.
SEBI approved the new Corporate Governance norms
Published on: 14-FEB-2014
Important for Exam: 39 people agreed
Securities and Exchange Board of India board approved the new
corporate governance norms
Indias Economy to grow by 4.9 percent in 2013-14:
CSO
Published on: 10-FEB-2014
Important for Exam: 93 people agreed
CSO estimated Indias economic growth in 2013-14 fiscal to be 4.9
percent as compared to the growth rate of 4.5 percent in 2012-13.
NABARD under RIDF has sanctioned loans worth over
19100 crore rupees
Published on: 10-FEB-2014
Important for Exam: 76 people agreed
Chairman of NABARD, HK Bhanwala announced that the organisation
has sanctioned loans worth over 19100 crore rupees under the RIDF to
states.
RBI released draft Report on Enabling PKI in Payment
System Applications
Published on: 08-FEB-2014
Important for Exam: 100 people agreed
Technical report on making payment system effective was released by
RBI with objective of effective payment system ensuring safe and
secured.
Union Government hiked FRP of Sugarcane by 10
rupees per quintal for 2014-15
Published on: 07-FEB-2014
Important for Exam: 24 people agreed
Government has approved increase in FRP for sugarcane by 10 rupees
per quintal for 2014-15 to 220 rupees per quintal from 210 rupees per
quintal.
Tea Production of India rose by 6.5 percent in 2013:
Indian Tea Association
Published on: 03-FEB-2014
Important for Exam: 42 people agreed
ITA announced that tea Indias production has gone up by 6.5 percent in
2013 as production rose to 1200 million Kg against 1126 million kg in
2012.
Economic growth for 2012-13 lowered to 4.5 percent
from 5 percent estimated earlier
Published on: 01-FEB-2014
Important for Exam: 54 people agreed
Government announced that economy might have expanded by 4.5
percent in fiscal year 2012-13 as compared to previous estimate of 5
percent.
FAA downgraded safety rati ngs of Indian aviation
Published on: 31-J AN-2014
Important for Exam: 56 people agreed
Federal Aviation Administration of the US downgraded the safety ratings
of Indian aviation on 31 J anuary 2014 from top to the second category.
Cabinet approved second Phase of Bangalore Metro
Rail Project
Published on: 31-J AN-2014
Important for Exam: 101 people agreed
Union Cabinet approved the second phase of Bangalore Metro Rail
Project (Namma Metro) to improve public transport system in the city.
CCI ordered fresh probe into Coal India and
subsidiary for violations
Published on: 31-J AN-2014
Important for Exam: 21 people agreed
CCI has ordered a fresh probe into state-run miner Coal India and its
subsidiary for alleged abuse of dominant market position in fuel supplies.
By June 2014 India to have 243 million Internet users:
IAMAI
Published on: 31-J AN-2014
Important for Exam: 70 people agreed
Internet user base in India projected to reach 243 million by J une 2014:
IAMAI
Agriculture Ministry issued guidelines on National
Mission on Oil seeds and Oil Palm
Published on: 31-J AN-2014
Important for Exam: 66 people agreed
Agriculture Ministry has issued detailed guidelines and strategy for
implementation of National Mission on Oilseeds and Oil Palm.
India became third largest crude oil importer in the
World
Published on: 31-J AN-2014
Important for Exam: 442 people agreed
India overtook J apan to become the third largest crude oil importer in the
World.
India ranked lowest in International Intellectual
Property Index
Published on: 29-J AN-2014
Important for Exam: 204 people agreed
US Chamber of Commerce released the International Intellectual
Property (IP) Index
NIC and Union Ministry of MSME launched India
Inclusive Innovation Fund
Published on: 28-J AN-2014
Important for Exam: 34 people agreed
India Inclusive Innovation Fund (IIIF) launched by National Innovation
Council and the Ministry of Micro, Small and Medium Enterprises
EGoM approved SUC of 5 percent of annual Gross
Revenue on all new airwaves
Published on: 28-J AN-2014
Important for Exam: 12 people agreed
EGoM has approved a SUC of 5 percent of the annual gross revenue on
all new airwaves that will be acquired in auction.
RBI raised Repo Rate by 25 basis points to 8 percent
Published on: 28-J AN-2014
Important for Exam: 118 people agreed
RBI raised the Repo rate under LAF by 25 basis points from 7.75% to
8% and kept the CRR of scheduled banks unchanged at 4% of NDTL.
RBI issued new guidelines for loan restructuring in
NBFCs
Published on: 24-J AN-2014
Important for Exam: 85 people agreed
The Reserve Bank of India (RBI) issued guidelines for loans restructured
by non-banking finance companies (NBFCs) on 23 J anuary 2014.
Finance Ministry nod for 1000 rupees minimum
monthl y pension plan
Published on: 24-J AN-2014
Important for Exam: 88 people agreed
Finance Ministry approved a proposal to provide minimum monthly
pension of 1000 rupees to workers of organised sector under (EPS-95).
Currency notes issued before 2005 to be withdrawn:
RBI
Published on: 23-J AN-2014
Important for Exam: 173 people agreed
The Reserve Bank of India (RBI) has decided to withdraw all currency
notes issued prior to 2005 from circulation on 21 J anuary 2014.
SEBI asked depositories to set up IT Strategy Panels
Published on: 23-J AN-2014
Important for Exam: 15 people agreed
SEBI has asked depositories to formulate information technology panels
at board level with a view to strengthen IT governance framework of
systems.
Indian economy to grow by 6 percent: CRISIL
Published on: 23-J AN-2014
Important for Exam: 59 people agreed
Ratings and Research firm CRISIL released its Indian Economic
Forecast for 2014-15 on 21 J anuary 2014.
India Economic Growth projected to be 4.5 percent by
IMF
Published on: 22-J AN-2014
Important for Exam: 86 people agreed
World Economic Outlook projected Indias Economic Growth at 4.5
percent for 2013-14.
CCEA approved the sale of Governments residual
stake of HZL
Published on: 22-J AN-2014
Important for Exam: 28 people agreed
CCEA approved sale of the Governments residual stakes of Hindustan
Zinc worth 16500 crore rupees. Government holds 29.5% stakes of the
company.
RBI expert panel suggested adoption of new CPI for
Anchoring Monetary Policy
Published on: 22-J AN-2014
Important for Exam: 55 people agreed
RBI panel suggested that a new consumer price index should be
adopted. It has set an inflation target at 4 percent, with a band of (+/-) 2
percent.
Veerappa Moil y formed MOT to reassess Hydrocarbon
Resources of India
Published on: 21-J AN-2014
Important for Exam: 13 people agreed
Veerappa Moily, announced to set-up a MOT to carry out re-assessment
work of hydrocarbon resources in 26 sedimentary basins in India.
RBI appointed a Committee to Review Governance of
Boards of Banks in India
Published on: 21-J AN-2014
Important for Exam: 47 people agreed
RBI has constituted an Expert Committee to Review Governance of
Boards in India, which will be chaired by PJ Nayak, former Chairman
and CEO of Axis Bank.
Government extended Natural Manufacturing Policy
benefits to Industry Clusters
Published on: 20-J AN-2014
Important for Exam: 15 people agreed
Union Government has extended the benefits of the NMP throughout
India to boost manufacturing sector.
Indian Institute of Corporate Affairs Signed MoUs with
FICCI
Published on: 18-J AN-2014
Important for Exam: 18 people agreed
IICA and FICCI signed MoU to Raise Awareness on Corporate
Regulation and Governance and for promoting the Corporate Affairs
Agenda.
Sunanda Pushkar, wife of Union Minister Shashi
Tharoor found dead in a Delhi hotel
Published on: 18-J AN-2014
Important for Exam: 13 people agreed
Sunanda Pushkar was found dead in a five-star hotel room, which police
believe is a case of suicide.
IIFCL signed MoU with EXIM Bank of Korea
Published on: 18-J AN-2014
Important for Exam: 17 people agreed
IIFCL signed an agreement with the K-EXIM for infrastructure finance
and covers cooperation and investment financing related to
infrastructure.
EGoM approved the sale of 10% stake in IOC to ONGC
and OIL
Published on: 17-J AN-2014
Important for Exam: 20 people agreed
Empowered Group of Ministers (EGoM) approved on 16 J anuary 2014,
the sale of 10 percent stake in IOC to ONGC and OIL.
Guidelines on New Land Policy for Major Ports of the
Country Released
Published on: 17-J AN-2014
Important for Exam: 7 people agreed
Union Shipping Ministry unveiled new policy guidelines for major ports
aimed to leverage land resources for commercial advantage.
RBI included Hong Kong and Macau in the sensitive
list
Published on: 16-J AN-2014
Important for Exam: 211 people agreed
The Reserve Bank of India (RBI) included Hong Kong and Macau in the
sensitive list.
Wholesale Inflation declined to five-month low of 6.16
percent in December 2013
Published on: 16-J AN-2014
Important for Exam: 20 people agreed
The WPI declined to 6.16 percent in December 2013 as compare to
7.52 percent in November 2013.
Pawar-led GoM gave nod for incentives to Sugar
Industry
Published on: 16-J AN-2014
Important for Exam: 7 people agreed
GoM led by Sharad Pawar has approved the incentives to the sugar
industry for exports of up to 40 lakh tonnes of raw sugar for two years.
Coal India Ltd declared dividend of 290 percent for
2013-14
Published on: 15-J AN-2014
Important for Exam: 21 people agreed
Coal India Ltd (CIL) board declared a dividend of 290 percent to its
shareholders for the financial year 2013-14 on 14 J anuary 2014.
Sudan offered two oil and gas blocks to ONGC at
Petrotech 2014
Published on: 15-J AN-2014
Important for Exam: 19 people agreed
Oil-rich Sudan offered two oil and gas blocks to ONGC Videsh Limited
(OVL) on the sidelines of Petrotech 2014.
Consumer Retail Inflation declined to 9.87 percent in
December 2013
Published on: 14-J AN-2014
Important for Exam: 19 people agreed
Consumer Retail inflation came down in December 2013 to 9.87percent
as against 11.16 percent in November 2013.
NABARD reduced refinance rate for banks
Published on: 14-J AN-2014
Important for Exam: 57 people agreed
NABARD has reduced the refinance rates for the banks and other
lending agencies by 0.20 percent to promote rural credit and rural
infrastructure.
IRDA issued guidelines for investment in Equity
Exchange Traded Funds
Published on: 13-J AN-2014
Important for Exam: 19 people agreed
The IRDA allowed insurance companies to invest in Equity exchange
traded funds and proposed guidelines for such investments.
IRDA formed Suresh Mathur panel to suggest ways to
improving FDI
Published on: 13-J AN-2014
Important for Exam: 32 people agreed
IRDA constituted Suresh Mathur Panel to suggest ways for improving
FDI in insurance sector.
Indian Economy GDP growth rate to be revised for
2011-12
Published on: 13-J AN-2014
Important for Exam: 20 people agreed
India to revise GDP growth rate from 6.2 to 7 percent for 2011-12 to
correct the anomaly in industrial output data.
Bank of Japan and RBI concluded an agreement to
raise BSA to 50 billion dollar
Published on: 13-J AN-2014
Important for Exam: 47 people agreed
BOJ and RBI concluded an agreement for expansion of the maximum
amount of the Bilateral Swap Agreement (BSA) to 50 billion dollars.
India's trade deficit narrowed to 10.1 billion dollar in
December 2013
Published on: 11-J AN-2014
Important for Exam: 77 people agreed
Export of India has grown 3.49 percent to 26.3 billion dollars and the
imports dipped 15.25 percent to 36.4 billion dollar in December 2013.
Government notified new natural Gas Pricing Formula
Published on: 11-J AN-2014
Important for Exam: 19 people agreed
Government has notified new natural gas pricing formulae to be in effect
from 1 April. Rates of all domestically produced fuel will be almost
doubled.
Reserve Bank of India relaxed Foreign Direct
Investment rules
Published on: 10-J AN-2014
Important for Exam: 39 people agreed
The Reserve Bank of India relaxed the rules of Foreign Direct
Investment
SEBI notified stricter Settlement System for serious
offences
Published on: 10-J AN-2014
Important for Exam: 18 people agreed
SEBI notified a stricter set of settlement norms that entities charged with
serious offences will not be able to settle these cases any more.
Non-Compete Clauses onl y i n Special Cases in
Pharma FDI
Published on: 10-J AN-2014
Important for Exam: 10 people agreed
DIPP has issued a press note restricting use of non-compete clauses in
both Greenfield and Brownfield projects.
Kelkar panel submitted report to Union Oil Ministry
Published on: 10-J AN-2014
Important for Exam: 21 people agreed
The Kelkar Committee submitted the first part of its report on 8 J anuary
2014.
SEBI barred cash Transactions in Collective
Investment Schemes to check laundering
Published on: 10-J AN-2014
Important for Exam: 15 people agreed
SEBI has made it compulsory for all investments into Collective
Investment Scheme funds to be made through banking channels and not
in cash.
HSBC released Services Purchasing Managers Index
(PMI)
Published on: 09-J AN-2014
Important for Exam: 6 people agreed
HSBC Services Purchasing Managers Index (PMI) released showing
shrinking of Indian Services sector in December 2013.
Coal Block allocation can be cancelled even if huge
investments are made: SC
Published on: 09-J AN-2014
Important for Exam: 18 people agreed
Supreme Court said, failing to obtain necessary clearances will lead to
revoke coal allocations of block although after high investments done.
RBI relaxed Gold loan norms to lend up to 75 percent
loan
Published on: 09-J AN-2014
Important for Exam: 47 people agreed
Reserve Bank of India has allowed the Non-Banking Financial
Companies (NBFCs) to lend up to 75 percent of the value of gold.
Supreme Court gave notice to the government to
revive KG-basin gas
Published on: 08-J AN-2014
Important for Exam: 9 people agreed
The Supreme Court ordered the Government of India to revive the
decision to double the price of K-G basin gas.
Indias International Investment Position of Quarter
ended September 2013 released
Published on: 08-J AN-2014
Important for Exam: 17 people agreed
RBI has released the statistical statement of the International Investment
Position (IIP) of the quarter ended in September 2013.
China to be become a partner in the proposed NIMZ in
Andhra Pradesh
Published on: 07-J AN-2014
Important for Exam: 89 people agreed
China to be become a partner in the proposed NIMZ in Andhra Pradesh
Reserve Bank of India selected CCIL as Legal Entity
Identifier
Published on: 07-J AN-2014
Important for Exam: 77 people agreed
The Reserve Bank of India (RBI) selected the Clearing Corporation of
India Ltd (CCIL) as legal entity identifiers (LEIs) on 6 J anuary 2014.
RBI allowed Indian companies to issue non-
convertible debentures
Published on: 07-J AN-2014
Important for Exam: 31 people agreed
RBI has allowed the Indian companies to issue non-convertible or
redeemable preference shares or debentures to non-resident
shareholders as bonus.
Mergers & Acquisitions declined by 11.5 percent in
2013
Published on: 04-J AN-2014
Important for Exam: 18 people agreed
Merger & Acquisitions (M & A) in the India economy declined by 11.5%
in the year 2013.
India signed a Credit Agreement with World Bank for
RRSMP
Published on: 04-J AN-2014
Important for Exam: 45 people agreed
India has signed a credit agreement of 160 million dollar with World
Bank. The agreement was signed for Rajasthan Road Sector
Modernisation Project.
Financial Inclusix Index 2013 launched by credit rating
agency CRISIL
Published on: 03-J AN-2014
Important for Exam: 84 people agreed
Indian credit-rating agency CRISIL launched a Financial Inclusix Index
2013 on 2 J anuary 2014.
Price of the Non-subsidized LPG hiked by 220 rupees
per cylinder
Published on: 02-J AN-2014
Important for Exam: 27 people agreed
The price of non-subsidized LPG hiked by 220 rupees per cylinder. A
household is entitled for nine subsidized LPG cylinder at present.
Finance Minister asked financial sector regulators to
implement FSLRC proposals
Published on: 31-DEC-2013
Important for Exam: 263 people agreed
Union Finance minister told the regulators to implement FSLRC report.
8TH Financial Stability Report released by RBI
Published on: 31-DEC-2013
Important for Exam: 149 people agreed
8TH Financial Stability Report (FSR) released by the Reserve Bank of
India (RBI).
CIIs Business Confidence Index revealed signs of
economic turnaround
Published on: 31-DEC-2013
Important for Exam: 16 people agreed
CIIs Business Confidence Index revealed signs of economic turnaround
with downside risks.
PPPAC-a high level committee has appraised five Port
Projects
Published on: 30-DEC-2013
Important for Exam: 18 people agreed
PPPAC-a high level committee of the Government has appraised five
proposals in Port Sector, which will be recommended for final approval
to CCEA.
CCEA nod for guidelines to provide aid to sugar
industry for payment of cane price arrears
Published on: 26-DEC-2013
Important for Exam: 8 people agreed
CCEA approved the guidelines for providing financial assistance to the
sugar industry for payment of cane price arrears.
RBI launched Inflation Indexed Saving Bonds
Published on: 26-DEC-2013
Important for Exam: 90 people agreed
RBI has launched an inflation indexed saving bonds that offers
protection to retail investors from price rise.
Direct transfer of Cash subsidy on kerosene to be
launched soon
Published on: 24-DEC-2013
Important for Exam: 57 people agreed
Cash subsidy on kerosene to be launced soon by government of India.
CRISIL said Fiscal deficit to touch 5.2% in FY14
Published on: 24-DEC-2013
Important for Exam: 101 people agreed
Fiscal deficit to touch 5.2% in FY2014 : Report by CRISIL.
Public Sector Banks directed by the Union Finance
Ministry to act as Insurance Brokers
Published on: 24-DEC-2013
Important for Exam: 30 people agreed
The finance Ministry on 23 December 2013 directed public sector banks
(PSBs) to act as insurance brokers from 15 J anuary 2014.
5 percent growth in Indirect tax collections during
April-November period
Published on: 23-DEC-2013
Important for Exam: 10 people agreed
5 percent growth in indirect tax collection during 8 months of 2013.
Net Direct Tax Collection increased by 13.7% till 20
December of FY 2013-14
Published on: 22-DEC-2013
Important for Exam: 2 people agreed
The net direct tax collection increased by 13.7% to reach 4.12 lakh crore
rupees till December 20, 2013 of the current fiscal year 2013-14.
Cabinet approved Free Trade Agreement with ASEAN
Published on: 21-DEC-2013
Important for Exam: 35 people agreed
The Cabinet approved free trade agreement between India and the
Association of South East Asian Nations (ASEAN) on 19 December
2013.
CCEA allowed CIL to pump gas from CBM mines
Published on: 20-DEC-2013
Important for Exam: 15 people agreed
CCEA allowed CIL to pump Coal Bed Methane from coal mines.
CCEA allowed RIL to sell gas at higher price with bank
guarantee
Published on: 20-DEC-2013
Important for Exam: 10 people agreed
CCEA allowed RIL to sell gas at higher price with bank guarantee from 1
April 2014.
SEBI laid out the Deposit Requirements for members
of the Debt Segment
Published on: 20-DEC-2013
Important for Exam: 15 people agreed
SEBI has laid out the minimum deposit requirements for members in
debt segment of the stock exchanges.
CCEA approved Sale of Natural Gas from D1 and D3
Gas Fields at revised prices
Published on: 20-DEC-2013
Important for Exam: 2 people agreed
CCEA approved the sale of Natural Gas from D1 and D3 Gas fields at
revised prices on the basis of Bank Guarantee.
CCEA approved 6600 crore rupees free loan to Sugar
Industry
Published on: 20-DEC-2013
Important for Exam: 20 people agreed
The Cabinet Committee on Economic Affairs (CCEA) approved 6600
crore rupees interest-free loans to cash starved sugar industry on 19
December 2013.
RBI and Bank of Japan agreed to triple the currency
swap agreement to 50 billion dollar
Published on: 19-DEC-2013
Important for Exam: 36 people agreed
Currency swap agreement between India and J apan enhanced to 50
billion dollars from 15 billion dollars.
SEBI exempted Government from making open offer
to IOB shareholders
Published on: 19-DEC-2013
Important for Exam: 27 people agreed
SEBI exempted the Government from making an offer to public
shareholders for acquiring the shares of the Indian Overseas Bank
(IOB).
Repo Rate kept unchanged by RBI in Mid-Quarter
Monetary Policy Review
Published on: 18-DEC-2013
Important for Exam: 61 people agreed
Repo Rate kept unchanged by RBI in Mid-Quarter Monetary Policy
Review announced on 18 December 2013.
Wholesale Inflation increased to 7.52 percent in
November 2013
Published on: 18-DEC-2013
Important for Exam: 12 people agreed
The Inflation in India reached 7.52 percent, the highest in 14 months
since September 2012.
The Central Board of the Reserve Bank of India met in
Kolkata
Published on: 15-DEC-2013
Important for Exam: 8 people agreed
The Central Board of Reserve Bank met at Kolkata and was chaired by
the Governor of Reserve Bank of India, Raghuram G. Rajan.
Indias trade deficit with China touched 11-month high
of 29.5 billion dollar
Published on: 14-DEC-2013
Important for Exam: 2 people agreed
Indias trade deficit with China touched a record 29.5 billion dollar in the
period J anuary 2013 to November 2013.
Inflation soared up to 11.24%, industrial production
shrank to 1.8%
Published on: 13-DEC-2013
Important for Exam: 1 people agreed
Retail Inflation increased to 11.24% and Industry Output falls to 1.8% in
October 2013.
The Ragarajan Panel recommended the guidelines for
Highway sector
Published on: 13-DEC-2013
Important for Exam: 8 people agreed
The Rangarajan panel recommended the guidelines and the task of
implementation lie with the National Highway Authority of India (NHAI).
Justice Sodhi Committee on Insider Trading
Regulations submitted report to SEBI
Published on: 12-DEC-2013
Important for Exam: 12 people agreed
The High Level Committee to Review the SEBI (Prohibition of Insider
Trading) Regulations, 1992 submitted its report to SEBI Chairman.
India exports grew by 5.86 percent and imports dip by
16.3 percent in November 2013
Published on: 11-DEC-2013
Important for Exam: 30 people agreed
Exports of India in November 2013 grew by 5.86 percent and reached
24.6 billion dollars and the imports fell by 16.37 percent to 33.83 billion
dollars.
Mauritius-India agreed to include Limitation of
Benefits clause in revised Tax Treaty
Published on: 11-DEC-2013
Important for Exam: 9 people agreed
Mauritius and India agreed to include limitation of benefits clause in
revised tax treaty.
Reserve price for Spectrum Auction in 1800 MHz and
900 MHz Bands got Union Cabinet approval
Published on: 10-DEC-2013
Important for Exam: 21 people agreed
Union Cabinet has approved the finalization of the reserve price for
auction of spectrum in 1,800 Megahertz band for all service areas in the
country.
Government of India Modified FDI Policy for unlisted
Companies
Published on: 07-DEC-2013
Important for Exam: 12 people agreed
The Government of India on 6 December 2013 modified the FDI policy
allowing unlisted companies to directly list on stock exchanges abroad.
Ministerial Panel recommended bailout package to
Sugar Industry
Published on: 07-DEC-2013
Important for Exam: 37 people agreed
A ministerial panel has recommended a bailout of 7200 crore rupees to
sugar mills. The loan will be provided to pay off the arrears of cane
growers.
RBI eased Companies' Foreign Funding Norms for
Infra Projects
Published on: 04-DEC-2013
Important for Exam: 118 people agreed
Reserve Bank of India on 3 December 2013 eased norms for companies
raising foreign funds for infrastructure projects.
EGoM approved Merger and Acquisition Guidelines
for Telecom Sector
Published on: 04-DEC-2013
Important for Exam: 2 people agreed
Empowered Group of Ministers headed by Finance Minister P
Chidambaram, approved the guidelines on telecom merger and
acquisition on 3 December 2013.
Current Account Deficit falls to 5.2 billion dollars in
the Jul y-September quarter of 2013-14
Published on: 03-DEC-2013
Important for Exam: 5 people agreed
India's Current Account Deficit narrowed sharply to 5.2 billion dollars or
1.2 percent of GDP in the J uly-September quarter of 2013-14.
RBI relaxed the norms for participation of NBFCs in
Insurance Joint Ventures
Published on: 29-NOV-2013
Important for Exam: 87 people agreed
RBI has relaxed the norms for participation of Non-Banking Finance
Companies in the insurance joint ventures.
RBI to banks: Charge customers on actual usage of
SMS alerts
Published on: 27-NOV-2013
Important for Exam: 10 people agreed
The RBI has directed the banks to charge customers for the transaction
SMS alerts on the basis of usage, instead of imposing a fixed fee.
RBI decided to include Medium Manufacturing
Enterprises under Priority Sector
Published on: 27-NOV-2013
Important for Exam: 19 people agreed
Reserve Bank of India on 26 November 2013 allowed banks to treat
loans given to medium manufacturing enterprises as priority sector
advance.
RBI widened definition of Infrastructure lending Sub
Category
Published on: 26-NOV-2013
Important for Exam: 2 people agreed
Reserve Bank of India on 25 November 2013 widened the definition of
infrastructure lending sub category in a bid to expedite Projects.
CCEA approved continuation of Agriculture Export
Plan of APEDA
Published on: 26-NOV-2013
Important for Exam: 4 people agreed
The CCEA approved the continuation of the Agriculture Export
Promotion Plan Scheme of the APEDA during 12th Plan Period.
National Innovation Council got approval of 75
percent Innovation Fund Corpus
Published on: 22-NOV-2013
Important for Exam: 2 people agreed
The NInC got approval of 75 percent of the 500 crore rupees initial
corpus of the upcoming India Innovation Fund (IIIF).
RBI Directed Public Sector Banks to give loans to
women SHGs at 7 percent
Published on: 20-NOV-2013
Important for Exam: 5 people agreed
RBI on 19 November 2013 directed Public Sector Banks (PSBs) to
provide loans to women Self-Help Groups (SHGs) at 7 per cent per
annum.
Government approved twenty proposals of Foreign
Direct Investment
Published on: 20-NOV-2013
Important for Exam: 2 people agreed
The Government of India approved 20 proposals of FDI that amounts
915.83 crore rupees on the recommendation of FIPB.
Bharati ya Mahila Bank launched by Prime Minister of
India
Published on: 20-NOV-2013
Important for Exam: 27 people agreed
PM Manmohan Singh and UPA Chairperson, Sonia Gandhi inaugurated
Indias first all-women bank, Bharatiya Mahila Bank in Mumbai on 19
November 2013.
Reserve Bank of India extended a refinance window of
5000 crore for the MSME
Published on: 19-NOV-2013
Important for Exam: 5 people agreed
RBI has opened a refinance window of 5000 crore rupees for the MSME
sector. The facility has been planned to ease the liquidity of MSMEs.
Election Commission allowed the launch of 1st all -
women Bharati ya Mahila Bank
Published on: 19-NOV-2013
Important for Exam: 3 people agreed
The Election Commission has allowed the launch of the first all women
Bharatiya Mahila Bank in the country.
Government announced the Provision for Higher
Sugar Export
Published on: 16-NOV-2013
Important for Exam: 42 people agreed
Government announced the provision of higher export of sugar with
domestic becoming surplus.
Government Introduced Risk Management System
(RMS) for Trade Facilitation in Export Sector
Published on: 13-NOV-2013
Important for Exam: 65 people agreed
Union Finance Minister P. Chidambaram was on 13 November 2013
inaugurated the IT based Risk Management System for the Customs
clearance of export goods.
Industrial production grew by 2 percent in September
2013
Published on: 13-NOV-2013
Important for Exam: 28 people agreed
The Industrial Production of India has grown by 2 percent in September
2013 mainly on account of better performance by power and mining
sector.
RBI allowed third-party payment for Export and Import
Transactions
Published on: 09-NOV-2013
Important for Exam: 101 people agreed
The RBI has allowed third party payment for the export and import
transactions taking into account the evolving international trade
procedure.
Gross Direct Tax Collections during April-October in
2013-14 up by 11.58 Percent
Published on: 07-NOV-2013
Important for Exam: 52 people agreed
The Gross Direct Tax during the April to October 2013-14 Financial Year
has gone up by 11.58 percent and stood at 337907 crore rupees.
RBI permitted foreign banks subsidiaries to acquire
domestic private sector banks
Published on: 07-NOV-2013
Important for Exam: 58 people agreed
The Reserve Bank of India permitted Wholly Owned Subsidiaries of the
foreign banks to acquire the domestic private sector banks.
FDI inflows into the Service Sector declined by 47.5
Percent
Published on: 05-NOV-2013
Important for Exam: 74 people agreed
FDI inflows into the service sector declined by 47.5 percent to 1.19
billion US dollars during the April-August 2013 period
Government decided to extend the sale of 5 kg LPG
cylinders at petrol pumps
Published on: 05-NOV-2013
Important for Exam: 59 people agreed
The Government has decided to extend the sale of the non-subsidized 5
kg LPG cylinders at petrol pumps across India.
Bhubaneswar and Imphal airports were Declared as
International Airports
Published on: 31-OCT-2013
Important for Exam: 124 people agreed
The Union Cabinet of India on 30 October 2013 gave its approval for
declaring the Bhubaneswar and Imphal airports as international airports
CCEA approved the launch of the IPDS for Textiles
Industry
Published on: 31-OCT-2013
Important for Exam: 63 people agreed
The CCEA approved the launching of the new IPDS during the 12th five
year plan to address the environmental concerns faced by textile units.
RBI Allowed Banks to Revise Periodicity of Interest
Payments
Published on: 29-OCT-2013
Important for Exam: 234 people agreed
The Reserve Bank of India on 29 October 2013 allowed the commercial
banks to revise the periodicity of interest payments.
Reserve Bank of India Increased the Repo Rate by 25
Basis Points to 7.75 %from 7.50%
Published on: 29-OCT-2013
Important for Exam: 222 people agreed
The Reserve Bank of India (RBI) on 29 October 2013 released the
Second Quarter Review of Monetary Policy 2013-14
India's Foreign Exchange Reserves jumped to 281.12
Billion US Dollars
Published on: 26-OCT-2013
Important for Exam: 29 people agreed
India's foreign exchange reserves touched 281.12 billion dollars in the
week ended on 25 October 2013
India Signed Pact with World Bank for Uttar Pradesh
Water Sector Restructuring Project
Published on: 26-OCT-2013
Important for Exam: 32 people agreed
India on 25 October 2013 signed an agreement with World Bank for
credit of 360 million US dollar for 2nd phase of UP Water Sector
Restructuring Project.
India's Foreign Exchange Reserves touched 279.24
Billion US Dollars
Published on: 20-OCT-2013
Important for Exam: 63 people agreed
India's foreign exchange (forex) reserves gained 1.51 billion US dollars
to touch 279.24 billion US dollars for the week ended 11 October 2013
CCEA increased the Minimum Support Price of Wheat
by 50 Rupees per Quintal
Published on: 17-OCT-2013
Important for Exam: 58 people agreed
CCEA enhanced the Minimum Support Price (MSP) of wheat by 50
rupees per quintal to 1400 rupees
Total Broadband Subscriber Base in India increased
to 15.24 Million
Published on: 15-OCT-2013
Important for Exam: 24 people agreed
Total Broadband subscriber base in India increased from 15.19 million at
the end of J une 2013 to 15.24 million at the end of J uly 2013
Inflation Increased to 6.46 percent in September 2013;
Highest in Seven Months
Published on: 15-OCT-2013
Important for Exam: 58 people agreed
Wholesale Price Index (WPI) for all commodities in the month of
September 2013 stood at 6.46 percent as compared to 6.1percent in
August 2013
Total Number of Telecom Subscribers increased to
904.46 Million
Published on: 13-OCT-2013
Important for Exam: 27 people agreed
Telecom Regulatory Authority of India released the latest telecom
subscription data on 31 J uly 2013
China and EU Signed a Bilateral Currency Swap
Agreement
Published on: 11-OCT-2013
Important for Exam: 85 people agreed
China on 10 October 2013 signed a 350-billion-yuan (45 billion Euro)
currency swap agreement with the European Union
IFC Launched 1 Billion Dollar offshore Rupee Bond
Programme to Strengthen Indias Capital Markets
Published on: 10-OCT-2013
Important for Exam: 37 people agreed
IFC on 7 October 2013 launched a 1 billion Dollars offshore bond
programme to strengthen Indias capital markets and attract greater
foreign investment.
Indian Railways Carried 511.00 Million Tonnes of
Freight During AprilSeptember 2013
Published on: 10-OCT-2013
Important for Exam: 14 people agreed
Indian Railways carried 511.00 million tonnes of revenue earning freight
traffic during the first half of fiscal 2013
India and Japan Signed MoU to study Mumbai -
Ahmedabad Rail Route
Published on: 09-OCT-2013
Important for Exam: 83 people agreed
India and J apan on 9 October 2013 signed MoU to do a joint feasibility
study of High Speed Railway system on the Mumbai-Ahmedabad route
Trade Deficit for April-September, 2013-14 Estimated
at 80126.24 Million US Dollars
Published on: 09-OCT-2013
Important for Exam: 37 people agreed
India's Exports during September, 2013 were valued at 27679.33 million
US dollars
Direct Tax Collection increased by 10.66 Percent to
301250 Crore Rupees
Published on: 08-OCT-2013
Important for Exam: 35 people agreed
Gross collection from direct taxes increased by 10.66 percent to 301250
crore rupees in April-September period in 2013
Railway Revenue Earnings were 65354.64 Crore
Rupees during April-September 2013
Published on: 08-OCT-2013
Important for Exam: 11 people agreed
The total approximate earnings of Indian Railways on originating basis
during 1April to 30 September 2013 were 65354.64 crore rupees
RBI reduced the MSF Rate to 9 Percent from 9.5
Percent
Published on: 08-OCT-2013
Important for Exam: 112 people agreed
The Reserve Bank of India (RBI) on 7 October 2013 reduced the
Marginal Standing Facility (MSF) rate to 9 per cent from 9.5 per cent
India's Forex Reserves dropped by 1.11 Billion US
Dollars to 276.26 Billion US Dollars
Published on: 06-OCT-2013
Important for Exam: 16 people agreed
India's foreign exchange (forex) reserves fell by 1.11 billion US dollars to
276.26 billion US dollars for the week ended on 27 September 2013
SEBI approved Major Reforms to Attract Overseas
Investors
Published on: 06-OCT-2013
Important for Exam: 52 people agreed
SEBI on 5 October 2013 ushered in major reforms to attract overseas
investors
RBI fixed the Reference Rate of Rupee against US
Dollar at 61.4050
Published on: 05-OCT-2013
Important for Exam: 112 people agreed
The Reserve Bank of India on 4 October 2013 fixed the reference rate of
rupee against US dollar at 61.4050
CCEA approved National Mission on Oilseeds and Oil
Palm
Published on: 04-OCT-2013
Important for Exam: 26 people agreed
The Cabinet Committee on Economic Affairs on 3 October 2013
approved the implementation of the National Mission on Oilseeds and
Oil Palm
CCEA Approved for Continuation of Integrated Textile
Parks Scheme in 12th Five Year Plan
Published on: 04-OCT-2013
Important for Exam: 21 people agreed
Cabinet Committee on Economic Affairs (CCEA) on 3 October 2013
approved continuation of the scheme for Integrated Textile Parks in the
12th five year plan.
Jet-Etihad deal Approved by SEBI (Securities
Exchange Board of India)
Published on: 01-OCT-2013
Important for Exam: 173 people agreed
J et-Etihad deal was approved by SEBI (Securities Exchange Board of
India) on 1 October 2013
The Government notified GAAR (General Anti
Avoidance Rules)
Published on: 27-SEP-2013
Important for Exam: 166 people agreed
The Union government of India on 26 September 2013 notified GAAR
(General Anti Avoidance Rules)
RBI Banned Zero Percent Interest Rate Schemes for
Purchase of Consumer Goods
Published on: 26-SEP-2013
Important for Exam: 145 people agreed
Reserve Bank of India on 25 September 2013 banned zero per cent
interest rate schemes for purchase of consumer goods.
CCEA approved the Methodology for Coal Block
Auction
Published on: 25-SEP-2013
Important for Exam: 26 people agreed
CCEA on 24 September 2013 approved the methodology for auction by
competitive bidding of the coal blocks
RBI relaxed Trade Credit Norms to raise Funds from
Abroad
Published on: 25-SEP-2013
Important for Exam: 87 people agreed
The Reserve Bank of India on 24 September 2013 relaxed trade credit
norms to raise funds from abroad
Cabinet Committee on Economic Affairs Took Steps
For Operationalisation of Infrastructure Debt Funds
Published on: 25-SEP-2013
Important for Exam: 36 people agreed
The Cabinet Committee on Economic Affairs on 23 September 2013
took some steps to promote the operationalisation of Infrastructure Debt
Funds (IDFs).
RBI Announced Committee to Frame Vision for
Financial Inclusion
Published on: 24-SEP-2013
Important for Exam: 114 people agreed
RBI on 23 September 2013 announced the appointment of a Committee
on Comprehensive Financial Services for Small Businesses and Low-
Income Households.
Foundation of MEMU Coach Factory was laid at
Bhilwara
Published on: 23-SEP-2013
Important for Exam: 41 people agreed
The foundation stone of MEMU Coach Factory was laid on 22
September 2013 at Bhilwara, Rajasthan
RBI Increased the Repo Rate by 25 Basis Points, MSF
Rate Brought Down
Published on: 21-SEP-2013
Important for Exam: 361 people agreed
RBI on 20 September 2013 increased the repo rate or the short term
lending rate by 25 basis points to 7.5 per cent from 7.25 per cent with
immediate effect.
RBI liberalised norms for banks to open branches in
Tier I cities
Published on: 20-SEP-2013
Important for Exam: 166 people agreed
Reserve Bank of India (RBI) on 19 September 2013 announced that
banks can open their branches in tier 1 centers without taking its
permission in each case.
Bharti ya Mahila Bank Started Recruitment Process
Published on: 19-SEP-2013
Important for Exam: 589 people agreed
Bhartiya Mahila Bank, the first nationalised bank for women expected to
be operational from November 2013.
India and Latvia signed agreement on Double Tax
Avoidance Agreement
Published on: 19-SEP-2013
Important for Exam: 93 people agreed
The Government of India signed an agreement with Latvia on Double
Tax Avoidance Agreement (DTAA).
Net direct tax collections increased by 12.5 percent for
the current financial year
Published on: 19-SEP-2013
Important for Exam: 106 people agreed
Net direct tax collections increased by 12.5 percent for the current
financial year
Union Minister of Finance Announced Austerity
Measures to Contain Rising Fiscal Deficit
Published on: 19-SEP-2013
Important for Exam: 40 people agreed
P. Chidambaram on 18 September 2013 announced strictness
measures such as a slash in the non-plan expenditure by 10 percent to
contain fiscal deficit.
Inflation Increased to 6.1 percent in August 2013;
Highest in Six Months
Published on: 19-SEP-2013
Important for Exam: 31 people agreed
Inflation Increased to 6.1percent in August 2013; Highest in Six Months
Union Government of India Hiked the Import Duty on
Gold
Published on: 18-SEP-2013
Important for Exam: 116 people agreed
The Union Government of India hiked the import duty on gold from 10
percent to 15 percent
RBI appealed against currency garlands
Published on: 17-SEP-2013
Important for Exam: 95 people agreed
public not to use bank notes for making garlands
Union Government slashed Import Tariff Value of Gold
and Silver
Published on: 16-SEP-2013
Important for Exam: 31 people agreed
The Union Government has further slashed the import tariff value of gold
to 432 dollars per 10 grams and silver to 736 dollars per kilogram.
SEBI relaxed KYC norms for foreign investors
Published on: 13-SEP-2013
Important for Exam: 166 people agreed
Securities and Exchange Board of India (SEBI) on 12 September 2013
issued the new Guideline to make Know Your Client requirements
(KYC).
Industrial output increased by 2.6 percent in Jul y 2013
Published on: 13-SEP-2013
Important for Exam: 64 people agreed
Index of Industrial Production (IIP) with base year (2004-2005=100)
released the data on Industrial output on 12 September 2013.
Cabinet approved the proposal to invest 4.3 Billion $
in the World Bank Bonds
Published on: 13-SEP-2013
Important for Exam: 102 people agreed
Union Cabinet approved a proposal to invest in the bonds of the World
Bank Group. It also approved proposal to set two semiconductor
manufacturing facilities.
Economic Outlook 2013-14 Released:Economy to
Grow at 5.3 Percent in 2013-14
Published on: 13-SEP-2013
Important for Exam: 80 people agreed
The Economic Advisory Council to the Prime Minister on 13 September
2013 released the document Economic Outlook 2013-14
CCEA allocated Additional Five Million Tonnes of
Foodgrains to BPL Families
Published on: 13-SEP-2013
Important for Exam: 18 people agreed
CCEA approved an additional allocation of five million tonnes of
foodgrains to families below the poverty line (BPL)
RBI constituted Expert Committee to revise and
strengthen Monetary Policy Framework
Published on: 13-SEP-2013
Important for Exam: 121 people agreed
RBI has constituted an expert committee to examine its Current
Monetary Policy Framework. It will be headed by Dr. Urjit Patel.
The Government Notified Changes in the FDI Policy
Published on: 12-SEP-2013
Important for Exam: 54 people agreed
The Union Government of India on 10 September 2013 notified changes
in the FDI policy
Russia Lifted Ban on Import of Non-Basmati Rice and
Oilseeds from India
Published on: 11-SEP-2013
Important for Exam: 72 people agreed
Russia lifted the ban on import of non-basmati rice from India on 10
September 2013. It also lifted the ban on the oilseeds.
Forward Markets Commissions Administrative
Control shifted to Finance Ministry
Published on: 10-SEP-2013
Important for Exam: 82 people agreed
The control of Forward Markets Commission was transferred to Ministry
of Finance from Department of Consumer Affairs under the Ministry of
Food.
Currency Swap Arrangement with Japan enhanced to
50 billion US dollar
Published on: 10-SEP-2013
Important for Exam: 67 people agreed
Bilateral Currency Swap Arrangements between India and J apan
expanded to 50 billion US dollars.
SEBI barred 34 entities of Capital Market for
Fraudulent Dealings
Published on: 09-SEP-2013
Important for Exam: 45 people agreed
SEBI barred 34 entities from the capital market for fraudulent dealings in
the shares of 12 companies. Sunil Mehta was the main conspirator.
India's Onion Exports fell Sharpl y by 81 Percent in
August 2013
Published on: 09-SEP-2013
Important for Exam: 20 people agreed
India's onion exports fell sharply by 81 percent to 29247 tonnes in
August 2013 as compared with August 2012
RBI issued norms for Currency Swap Window
Published on: 09-SEP-2013
Important for Exam: 180 people agreed
The norms related to Currency Swap Window were issued by the
Reserve Bank of India in Mumbai. Currency Swap facility will be
available to Scheduled Banks.
RBI Revised Gold Import Norms to Contain CAD
Published on: 07-SEP-2013
Important for Exam: 179 people agreed
To contain the current account deficit, RBI announced some measures
to curb the demand for gold in the month of September 2013...
RBI allowed the Non-Resident Investors to buy Shares
under FDI Scheme
Published on: 07-SEP-2013
Important for Exam: 100 people agreed
RBI allowed Non-Resident Investors to purchase shares of Indian
entities Under FDI Scheme. They can buy shares from listed stock
exchanges.
RBI introduced Forex Swap Window for Public Sector
Oil Marketing Companies
Published on: 31-AUG-2013
Important for Exam: 202 people agreed
Forex Swap Window for Public Sector Oil Marketing Companies
introduced by RBI. This will help the oil companies in meeting daily $
requirements.
Indias GDP Dropped to 4.4 Percent; Lowest in 4 Years
Published on: 31-AUG-2013
Important for Exam: 152 people agreed
The Gross Domestic Product (GDP) growth of India decelerated even
more to 4.4 percent, the slowest rate of expansion since 2008 economic
meltdown.
RBI allowed premature encashment of 8% Savings
Bonds for Investors above 60
Published on: 31-AUG-2013
Important for Exam: 117 people agreed
RBI permitted premature encashment of 8% savings of taxable bonds for
investors of 60 years and above.
CCEA approved Continuation of Technology
Upgradation Fund Scheme
Published on: 30-AUG-2013
Important for Exam: 31 people agreed
Cabinet Committee on Economic Affairs gave its approval for continuing
the Technology Upgradation Fund Scheme during the 12th Plan period
CCI cleared stalled Infra Projects worth 1.83 Lakh
Crore Rupees
Published on: 29-AUG-2013
Important for Exam: 51 people agreed
The Cabinet Committee on Investment (CCI) on 26 August 2013 cleared
36 projects worth 1.83 lakh crore rupees.
RBI Released the Discussion Paper on Banking
Structure in India The Way Forward
Published on: 28-AUG-2013
Important for Exam: 210 people agreed
The Reserve Bank of India on 27 August 2013 released the Discussion
Paper on Banking Structure in India The Way Forward.
The Number of Foreign Tourists in India increased to
207.31 Lakh in 2012
Published on: 27-AUG-2013
Important for Exam: 38 people agreed
The number of foreign tourists visiting India has shown a steady
increase in the past three years
RBI announced auction of two 48-days Government of
India Cash Management Bills
Published on: 25-AUG-2013
Important for Exam: 130 people agreed
RBI announced auction of two 48-days Government of India Cash
Management Bills worth 22000 crore rupees.
RBI imposed Monetary Penalty on 6 Banks for
violation of KYC Guidelines
Published on: 25-AUG-2013
Important for Exam: 130 people agreed
The Reserve Bank of India imposed monetary penalty on six banks for
violation of the Know Your Customer (KYC)/Anti Money Laundering
guidelines.
RBI Further relaxed SLR to provide More Funds to
Banks for Lending
Published on: 21-AUG-2013
Important for Exam: 195 people agreed
The Reserve Bank of India (RBI) further relaxed the Statutory Liquidity
Ratio (SLR)
Government of India Banned Duty-Free Import of Flat
Screen TVs by Air Travellers
Published on: 20-AUG-2013
Important for Exam: 56 people agreed
The Union Government of India on 19 August 2013 banned duty-free
import of flat screen televisions by people who travel through air.
Gold Prices hit Eight-Month High at 31760 Rupees
Published on: 18-AUG-2013
Important for Exam: 27 people agreed
Gold price on 17 August 2013 jumped by 700 rupees in Kolkata after
stocks and money markets melted
Government imposed MEP of 650 US Dollars per
Tonne on Onion
Published on: 17-AUG-2013
Important for Exam: 39 people agreed
Government on 17 August 2013 notified imposition of a minimum export
price (MEP) of 650 US dollars per tonne
Import Duty on Gold, Silver & Platinum hiked to 10
Percent by Central Government
Published on: 16-AUG-2013
Important for Exam: 67 people agreed
The Central Government on 13 August 2013 raised customs duty on
gold, silver and platinum to 10 percent in a bid to curb the burgeoning
Current Account Deficit.
Union Cabinet approved Setting up of Tax
Administration Reform Commission
Published on: 16-AUG-2013
Important for Exam: 68 people agreed
The Union Cabinet on 13 August 2013 approved the proposal for setting
up of the Tax Administration Reform Commission to establish a stable
tax administration.
Indian Railways Carried 343 Million Tonnes of Freight
during AprilJul y 2013
Published on: 13-AUG-2013
Important for Exam: 15 people agreed
As per the data released by Ministry of Railways on 13 August 2013,
Indian Railways carried 343 million tonnes of freight
India's Exports during Jul y 2013 were valued at
25834.46 Million US Dollars
Published on: 12-AUG-2013
Important for Exam: 47 people agreed
India's exports in J uly 2013 were valued at 25834.46 million US dollars
Railway Revenue Earnings up by 10.74 Per Cent
during April-Jul y 2013
Published on: 12-AUG-2013
Important for Exam: 19 people agreed
The total approximate earnings of Indian Railways on originating basis
during 1 April to 31 J uly 2013 were 44260.16 crore rupees
India's Foreign Exchange Reserves went down to
277.167 billion US dollars
Published on: 10-AUG-2013
Important for Exam: 73 people agreed
Foreign exchange reserves of India has fallen by 2.995 billion US dollars
to 277.167 billion US dollars.
RBI announced Weekl y Sale of Government Bonds to
Check Fall in Rupee Price
Published on: 10-AUG-2013
Important for Exam: 187 people agreed
RBI has decided to sell Government Bonds worth 22000 crore rupees
every Monday to check volatility in the foreign exchange market.
CCEA approved export of additional 2 million tonnes
of Wheat
Published on: 09-AUG-2013
Important for Exam: 37 people agreed
CCEA on 8 August approved export of additional 2 million tonnes of
wheat from godowns of FCI.
Foreign Investment Promotion Board Cleared 12 FDI
Proposals Worth 343 Crore Rupees
Published on: 07-AUG-2013
Important for Exam: 47 people agreed
The Government of India cleared 12 FDI proposals worth 343 crore
rupees. 3 proposals were rejected and 6 proposals were kept in
abeyance.
The Union Government of India Slashed Customs
Duty on Import of Rice Bran
Published on: 06-AUG-2013
Important for Exam: 52 people agreed
Customs Duty on the import of rice bran and rice bran oil cake was
scraped completely by the Government through notification in August
2013.
CCEA approved continuation of Rajiv Gandhi
Grameen Vidyutikaran Yojana in 12th Plan
Published on: 05-AUG-2013
Important for Exam: 126 people agreed
Proposal of the Ministry of Power for continuation of the RGGVY during
the 12th Plan period was approved by the CCEA.
Cabinet cleared Disinvestment of 10 percent in Indian
Oil Corporation
Published on: 03-AUG-2013
Important for Exam: 33 people agreed
The CCEA on 1 August 2013 approved the proposal for sale of 10
percent Government stake in Indian Oil Corporation (IOC).
CCEA approved Creation of the Special National
Investment Fund
Published on: 03-AUG-2013
Important for Exam: 57 people agreed
CCEA approved the creation of the Special National Investment Fund.
Its objective is to meet the minimum public shareholding of 10% in 6
CPSEs.
Union Cabinet to continue Interest Subvention of 3
Percent on Crop Loans to Farmers
Published on: 02-AUG-2013
Important for Exam: 37 people agreed
The Union Cabinet of India on 2 August 2013 decided to continue the
interest subvention of three per cent on crop loans.
FDI to increase in Print Media from 26 Percent to 49
Percent
Published on: 02-AUG-2013
Important for Exam: 77 people agreed
INS on 2 August 2013 approved a proposal to increase FDI from 26
percent to 49 percent in print media.
Government eased the Norms for FDI in Multi-Brand
Retail
Published on: 02-AUG-2013
Important for Exam: 46 people agreed
Union Cabinet eased the FDI norms for multi-brand retail chains. It also
widened the scope of the definition of terms, Small and Control.
The Rate of Interest Subvention Scheme for Exports
Increased to Three Percent
Published on: 01-AUG-2013
Important for Exam: 56 people agreed
The Union government of India on 31 J uly 2013 decided to enhance the
rate of interest subvention scheme for exports.
RBI released the First Quarter Review of Monetary
Policy for 2013-14
Published on: 30-J UL-2013
Important for Exam: 388 people agreed
RBI released the First Quarter Review of Monetary Policy for 2013-14 on
30 J uly 2013.
India, Saudi Arabia decided to set up Saudi-Indian
Business Network (SIBN) in Ri yadh and Dammam
Published on: 26-J UL-2013
Important for Exam: 107 people agreed
India and Saudi Arabia on 24 J uly 2013 have decided to set up a Saudi-
India Business Network (SIBN) separately in Riyadh and Dammam.
India achieved a Record Production of Pulses
Published on: 23-J UL-2013
Important for Exam: 44 people agreed
India achieved a record production of 18.45 million tonnes of pulses in
the 2012-13 crop year ended J une 2013.
RBI reduced Realisation Period for Exporters to Nine
Months
Published on: 23-J UL-2013
Important for Exam: 99 people agreed
The Reserve bank of India on 21 J uly 2013 brought down the period of
realisation of goods and software to nine months from earlier 12 months.
Reserve Bank of India imposed Restrictions on
Imports of Gold
Published on: 23-J UL-2013
Important for Exam: 87 people agreed
The Reserve Bank of India on 22 J uly 2013 imposed certain restrictions
on the import of various forms of gold.
Revived New Bhopal Textile Mills of National Textile
Corporation Inaugurated
Published on: 23-J UL-2013
Important for Exam: 19 people agreed
The Union Minister of Textiles, K Sambasiva Rao on 22 J uly 2013
inaugurated the New Bhopal Textile Mills of NTC in Bhopal.
President of India promulgated the Securities Laws
(Amendment) Ordinance 2013
Published on: 21-J UL-2013
Important for Exam: 75 people agreed
Securities Law Amendment Ordinance 2013 was promulgated by
Pranab Mukherjee to provide powers to SEBI to tackle with fraudulent
investment schemes.
ICAR and the Industry to Commercialize Agri-
Technologies Signed more than 60 MoUs
Published on: 21-J UL-2013
Important for Exam: 20 people agreed
ICAR and the Industry to Commercialize Agri-Technologies signed more
than 60 MoUs on Agriculture. The MoUs were signed during, Agri-Tech
Investors Meet 2013.
RBI:Indias Foreign Exchange Reserves increased to
280.19 Billion US Dollars
Published on: 20-J UL-2013
Important for Exam: 65 people agreed
RBI on 20 J uly 2013 stated that Indias foreign exchange reserves
increased by 21.1 million US dollars.
India signed agreement with Asian Development Bank
for 60 million Dollars loan for NKUSIP
Published on: 20-J UL-2013
Important for Exam: 44 people agreed
India signed an agreement with Asian Development Bank (ADB) on 19
J uly 2013 for a 60 million dollars loan as to improve urban services.
RBI opened 25000-crores Rupees Special Liquidity
Window for Mutual Funds
Published on: 18-J UL-2013
Important for Exam: 81 people agreed
The Reserve Bank of India (RBI) on 17 J uly 2013 opened a special
liquidity window for commercial banks to meet the cash requirements of
mutual funds (MFs).
Union Govt. approved Proposal to give SEBI more
Powers
Published on: 18-J UL-2013
Important for Exam: 47 people agreed
The Union government on 17 J uly 2013 approved a proposal to amend
SEBI Act for providing more powers to the market regulator to crack
down on Ponzi schemes.
Government raised FDI in Telecom Sector to 100
percent
Published on: 17-J UL-2013
Important for Exam: 112 people agreed
FDI in Telecom sector raised to 100 percent from 74 percent by the
government. However, 49 percent of the investment would be routed
through automatic route.
Government allocated 1200 Crore as SCA to TSP in
2013-14
Published on: 16-J UL-2013
Important for Exam: 34 people agreed
1200 crore budget allocated for 2013-14, under SCA to TSP. The budget
will be used for employment generation and socio-economic
development of Tribals.
RBI announced slew of measures to curb Rupee
Volatility
Published on: 16-J UL-2013
Important for Exam: 140 people agreed
Reserve Bank of India (RBI) on 15 J uly 2013 announced measures to
deal with rupee volatility.
RBI fined 22 banks for violating KYC and Anti-Money
Laundering Norms
Published on: 15-J UL-2013
Important for Exam: 138 people agreed
RBI on 15 J uly 2013 imposed fines of around 49.5 crore on 22 private
and public sector banks for violating KYC/anti-money laundering norms.
FDI increased into India to 2.32 Billion US Doll ars in
April 2013
Published on: 15-J UL-2013
Important for Exam: 25 people agreed
FDI into India increased 25 percent year-on-year to 2.32 billion US
dollars in April 2013.
India's Exports in June 2013 were valued at 23785.64
Million US Dollars
Published on: 15-J UL-2013
Important for Exam: 16 people agreed
Indias exports during J une 2013 were valued at 23785.64 million US
dollars (138901.73 crore rupees).
Visa on Arrival Scheme registered 22.9 % Growth in
June 2013
Published on: 13-J UL-2013
Important for Exam: 54 people agreed
India witnessed a rise of 22.9 % growth in Visa on Arrival Scheme in
J une 2013 as compared to J une 2012. J apanese Tourists availed
maximum facility.
CCEA approved Modified Industrial Infrastructure
Upgradation Scheme
Published on: 12-J UL-2013
Important for Exam: 36 people agreed
The government on 12 J uly 2013 approved the Modified Industrial
Infrastructure Upgradation Scheme (MIIUS) with an outlay of 1030 crore
Rupees.
Jewellers decided to suspend Sale of Gold Coins for
Six Months
Published on: 11-J UL-2013
Important for Exam: 32 people agreed
J ewellery retailers across India on 10 J uly 2013 decided to suspend sale
of gold coins and bars for six months.
CCEA approved Disinvestment of government stake in
State Trading Corporation and ITDC
Published on: 11-J UL-2013
Important for Exam: 20 people agreed
The Cabinet Committee on Economic Affairs (CCEA) on 11 J uly 2013
approved the disinvestment of government stake in State Trading
Corporation and ITDC.
Direct Tax Collection for June Quarter of FY 2013-14
increased by 11.52 percent
Published on: 10-J UL-2013
Important for Exam: 40 people agreed
Direct Tax Collection of April-J une quarter of FY 2013-14 increased by
11.52 percent. Collection of Corporate Taxes has gone up by 7.82
percent.
Cotton Association of India estimated Lower
Production of Cotton in 2012-13
Published on: 09-J UL-2013
Important for Exam: 27 people agreed
CAI in its latest report estimated a fall in production of cotton crop in crop
season 2012-13 at 353.25 lakh bales against the 373.25 lakh bales of
2011-12.
Proposed Investments in India fell to 75 Percent in
FY12-13: Assocham
Published on: 09-J UL-2013
Important for Exam: 27 people agreed
As per the survey conducted by Assocham in J uly 2013 the proposed
investments by domestic and foreign entrepreneurs declined by 75 per
cent in FY 2012-13.
Railway Revenue Earnings increased by 11.93 Percent
during April - June 2013
Published on: 09-J UL-2013
Important for Exam: 19 people agreed
Indian Railways witnessed an increase of 11.93%in its approximate
earnings from 1 April to 30 J une 2013 and total goods earnings
increased by 9.35%.
Chinas consumer inflation rose to 2.7% in June 2013
Published on: 09-J UL-2013
Important for Exam: 23 people agreed
Consumer price inflation/Index of China scaled to 2.7 per cent year-on-
year in J une 2013 pushed by a 4.9 per cent rise in food prices.
India-Israel trade raised to 6 billion Dollars in 2012-13
Published on: 08-J UL-2013
Important for Exam: 24 people agreed
The trade between India and Israel touched the 6-billion dollars mark
during 2012-13.
Foreign Investment Promotion Board approved 7
Pharma FDI proposals
Published on: 06-J UL-2013
Important for Exam: 50 people agreed
The Foreign Investment Promotion Board approved seven Foreign
Direct Investments (FDI) proposals for investment in Indian
pharmaceutical companies.
Government Released Revised Online Transfer Claim
Form for EPFO
Published on: 05-J UL-2013
Important for Exam: 23 people agreed
RTC form for EPFO beneficiaries was released by Sis Ram Ola. The
process is designed to develop a system of web based services for
online submission of forms.
Foreign Institutional Investors pulled out 5.6 billion
Dollars from Debt Market
Published on: 03-J UL-2013
Important for Exam: 62 people agreed
Foreign institutional investors (FII) in the Month J une 2013 jumped out of
the debt market, withdrawing 5.6 billion dollars.
Telecom Commission approved hike in FDI cap from
74 to 100 percent in Telecom Sector
Published on: 03-J UL-2013
Important for Exam: 144 people agreed
Telecom Commission of India approved enhancement of FDI cap on
telecom sector from 74 to 100 percent.
CCEA approved the continuation of National Mission
on Food Processing
Published on: 30-J UN-2013
Important for Exam: 30 people agreed
Union Cabinet on 28 J une 2013 approved the continuation of the
National Mission on Food Processing (NMFP).
Government to set-up 51 new low-cost Airports to
Increase Air Connectivity
Published on: 29-J UN-2013
Important for Exam: 78 people agreed
Government took a decision to set-up 51 new airports in tier-II & III cities
across India. The decision will boost the aviation sector in India.
Minimum Support Price for Paddy fixed at 1310
Rupees per Quintal
Published on: 28-J UN-2013
Important for Exam: 33 people agreed
CCEA on 28 J une 2013 approved the Minimum Support Prices (MSPs)
for kharif crops of 2013-14 season.
Union Government raised Rice Support Price by 4.8
Percent
Published on: 28-J UN-2013
Important for Exam: 31 people agreed
Union Government on 27 J une 2013 raised the base price of rice to
1310 rupees per 100 kilograms from 1250 rupees as compared to year
2012.
India Third Most Attractive Destination for Investment
in the World: UNCTAD
Published on: 27-J UN-2013
Important for Exam: 103 people agreed
A survey conducted by UNCTAD revealed on 26 J une 2013 that India
was the third most attractive destination, after China and US.
Pipavav Port Regained Top Position in Seafood
Exports for Second Consecutive Year
Published on: 26-J UN-2013
Important for Exam: 33 people agreed
Pipavav port located in Saurashtra, Gujarat, remained at the top most
position for second year in a row in FY13 on the basis of quantity.
Three IPC Common Sales Contracts Launched by
International Pepper Conclave 2013
Published on: 26-J UN-2013
Important for Exam: 13 people agreed
Three IPC Common Sales Contracts were launched by International
Pepper Conclave 2013 to standardise the contract terms for export of
pepper.
Union Govt extended Power Distribution Reform
Package to 12th Plan
Published on: 24-J UN-2013
Important for Exam: 36 people agreed
CCEA on 21 J une 2013 decided to extend the R-APDR for the 12th
Five-Year Plan period in order to strengthen the distribution sector.
Cabinet Committee Approved Disinvestment of 5
Percent Paid Up Equity in NLC
Published on: 24-J UN-2013
Important for Exam: 28 people agreed
The Cabinet Committee on Economic Affairs on 21 J une 2013 approved
disinvestment of 5 percent equity of Neyveli Lignite Corporation (NLC).
CCEA approved Mechanism for Coal Suppl y to Power
Producers
Published on: 23-J UN-2013
Important for Exam: 11 people agreed
The Cabinet Committee on Economic Affairs (CCEA) on 21 J une 2013
approved mechanism for coal supply to Power Producers.
Government planned to introduce Visa-on-Arri val
Facilities for Chinese Nationals
Published on: 23-J UN-2013
Important for Exam: 36 people agreed
The Union Government of India on 22 J une 2013 planned to introduce
Visa-on-Arrival facilities for the Chinese nationals.
Duty Drawback Rate on Gold Ornaments hiked by
Government to increase Jewellery Exports
Published on: 22-J UN-2013
Important for Exam: 44 people agreed
Duty Drawback Rate of gold ornaments increased by 73 rupees per
gram to 173.70 rupees per gram to boost jewellery exports.
SEBI issued Guidelines for Investment Advisers to
Operate in Stock Markets
Published on: 21-J UN-2013
Important for Exam: 64 people agreed
SEBI notified guidelines for investment advisers. It made it compulsory
to get requisite certifications for them to operate in stock market for
them.
Global Prices of Fish Increased to Record High in May
2013
Published on: 21-J UN-2013
Important for Exam: 22 people agreed
UNs Food & Agriculture Organization announced that the global prices
of fish reached record high in May 2013 because of rising demand.
Indian Money in Swiss Banks Dropped to Record Low:
Swiss National Bank
Published on: 21-J UN-2013
Important for Exam: 25 people agreed
Swiss National Bank (SNB) in Zurich on 20 J une 2013 unveiled that the
Indian money in Swiss banks dropped to record low at 9000 crore
Rupees.
Commodities Transaction Tax Applicable on Non-
Farm Products from 1 Jul y 2013
Published on: 21-J UN-2013
Important for Exam: 44 people agreed
CBDT on 19 J une 2013 announced that the Commodities Transaction
Tax shall be levied on the non-farm products from 1 J uly 2013.
Union Government of India proposed plan to raise FDI
Limit in Key Sectors
Published on: 19-J UN-2013
Important for Exam: 121 people agreed
Government proposed sweeping changes in FDI regime to attract
foreign investors based on the recommendations made by Arvind
Mayaram Committee.
RBI left its Repo Rate unchanged at 7.25 Percent
Published on: 18-J UN-2013
Important for Exam: 44 people agreed
RBI in its J une mid-quarter monetary policy on 17 J une 2013, left its key
policy ( repo rate) unchanged at 7.25 percent
Telecom Regulatory Authority of India (TRAI) reduced
Roaming charges for calls,SMSs
Published on: 17-J UN-2013
Important for Exam: 11 people agreed
Telecom regulator TRAI on 17 J une 2013 announced reduction in the
national mobile phone roaming charges which will come into effect 1 J uly
2013.
Petrol Prices hiked by 2 Rupees per Liter, excluding
VAT
Published on: 17-J UN-2013
Important for Exam: 17 people agreed
Price of petrol went up by 2 rupees in India due to devaluation of rupee.
Due to devaluation, the import cost of crude oil has gone costlier for oil
firms.
WPI Inflation declined to 4.7 Percent in May 2013
Published on: 15-J UN-2013
Important for Exam: 46 people agreed
WPI inflation in May 2013 came down to 4.7 percent against 4.89
percent measured in April 2013.
SEBI notified Norms for Listing of Preference Shares
Published on: 15-J UN-2013
Important for Exam: 45 people agreed
Market regulator Sebi in Month of J une 2013 notified a new set of
regulations to regulate issuing and listing of non-convertible preference.
Tax Scrutiny of Multinational Companies to Increase
in India
Published on: 14-J UN-2013
Important for Exam: 114 people agreed
The (I-T) department has notified a revised form to check for transfer
pricing infractions, something that could intensify the scrutiny on their
books.
Mineral Production during April 2013: Provisional Data
Released
Published on: 14-J UN-2013
Important for Exam: 9 people agreed
The index of mineral production of mining sector in April 2013 was lower
by 16.9 percent compared to March 2013
Industrial Production Growth declined to 2 Percent in
April 2013
Published on: 13-J UN-2013
Important for Exam: 12 people agreed
Industrial production growth declined to 2 per cent in April 2013 due to
dismal performance of various sectors.
Retail Inflation stood at 9.31 Percent in May 2013
Published on: 13-J UN-2013
Important for Exam: 15 people agreed
As per the data released on 12 J une 2013, Retail inflation stood at 9.31
per cent in May 2013
Foreign Investment Limit hiked by 5 Billion Dollar in
Government Securities
Published on: 13-J UN-2013
Important for Exam: 63 people agreed
The limit of Foreign Investment in Government Securities was enhanced
by 5 Billion US Dollar to increase overseas capital inflows on 12 J une
2013.
RBI hiked the Cap for Online Repatriation of Export
Proceeds
Published on: 12-J UN-2013
Important for Exam: 47 people agreed
The cap on online repatriation of export proceeds was raised by to
10000 US dollars by RBI to arrest the slide in the value of rupee and
boost Forex inflows.
FEEs from Tourism increased by over 9 percent in
May 2013
Published on: 11-J UN-2013
Important for Exam: 35 people agreed
FEEs for May 2013 increased by more than 9 percent and the FTAs
went up by 3.2 percent in the same period.
RBI penalised Axis Bank, HDFC Bank and ICICI Bank
for rule violations
Published on: 11-J UN-2013
Important for Exam: 62 people agreed
RBI imposed a fine on Axis Bank, HDFC Bank and ICICI Bank for
violation of KYC norms and anti-money laundering guidelines.
Cost inflation index for 2013-14 raised by 10%: CBDT
Published on: 10-J UN-2013
Important for Exam: 54 people agreed
The Central Board of Direct Taxes (CBDT) in month of J une 2013has
specified a value for the cost inflation index for 2013-14.
Rupee touched New Life time low against Dollar at 57
Rupees 77 Paise
Published on: 10-J UN-2013
Important for Exam: 36 people agreed
The rupee fell by a whopping 71 paise to hit a new life-time low of 57
rupees 77 paise against Dollar
CBDT revised Selection Criteria for Income Tax
Officials
Published on: 10-J UN-2013
Important for Exam: 20 people agreed
The Ministry of Finance in J une 2013 has introduced new rules for
sending Income Tax officers to newly created overseas units similar to in
the US and the UK.
RBI directed banks to Periodicall y Audit Documents of
Credits of 5 Crore and Above
Published on: 08-J UN-2013
Important for Exam: 43 people agreed
RBI on 7 J une 2013 directed the banks to audit and verify the
documents of all credits of 5 crore and above periodically to prevent
frauds.
RBI put restrictions on Co-Operative banks for Loans
against Gold coins
Published on: 07-J UN-2013
Important for Exam: 81 people agreed
Reserve Bank of India on 7 J une 2013 extended the restriction on
advance against gold on co-operative banks set to curb the demand for
gold.
Finance Ministry asked Indian Bank Association to set
up Oversight Mechanism
Published on: 07-J UN-2013
Important for Exam: 33 people agreed
The Finance ministry asked the Indian Banks' Association to set up an
independent body to manage the corporate debt restructuring (CDR)
mechanism.
Department of Telecommunication (DoT) asked TRAI
to Audit Spectrum Use
Published on: 07-J UN-2013
Important for Exam: 5 people agreed
DoT asked Trai to carry out regular spectrum utilization audit of all
service providers in order to ensure efficient utilization of spectrum.
The Import Duty on Gold and Platinum hiked from 6 to
8 Percent
Published on: 06-J UN-2013
Important for Exam: 29 people agreed
The government hiked the import duty on Gold and Platinum from 6 to 8
per cent on 5 J une 2013.
Government hiked the Import duty on Gold and
Platinum
Published on: 06-J UN-2013
Important for Exam: 13 people agreed
Import duty on gold was hiked from 6 percent to 8 percent by the
Government of India with an aim of curbing the import of gold in the
country.
CCEA approved Revi val of Nagaland Pulp and Paper
Company Limited
Published on: 05-J UN-2013
Important for Exam: 9 people agreed
CCEA on 4 J une 2013 approved the revival of the Nagaland Pulp and
Paper Company Limited (NPPC) with the infusion of funds of 309.38
crore Rupees.
The Union Cabinet of India approved the Real Estate
Bill 2013
Published on: 05-J UN-2013
Important for Exam: 91 people agreed
The Union Cabinet of India on 4 J une 2013 approved the Real Estate
(Regulation and Development) Bill 2013
India's Foodgrain Production registered a Growth of
30 Percent
Published on: 04-J UN-2013
Important for Exam: 35 people agreed
India's foodgrain production registered an impressive growth of over 30
percent in the last nine years.
India to Dominate Global Saving and Investment
Along With China: World Bank Report
Published on: 04-J UN-2013
Important for Exam: 33 people agreed
The World Bank report released on 3 J une 2013 forecasted that India
and China will become largest investors of the world in the year 2030.
RBI extended Time for opening up of New Banks by
Six Months
Published on: 04-J UN-2013
Important for Exam: 43 people agreed
The RBI (Reserve Bank of India) on 3 J une 2013 increased the validity
period of setting up of banks from one year to 18 months.
Government raised the Import Tariff Value of Gold to
459 Dollars per 10 Grams
Published on: 03-J UN-2013
Important for Exam: 18 people agreed
The Union government of India increased the import tariff value of gold
to 459 dollars per 10 grams
India witnessed a Five-Fold Increase in Power
Generation
Published on: 03-J UN-2013
Important for Exam: 42 people agreed
India witnessed a five-fold increase in the additional power generation
capacity during the last nine years
Foreign Investment Promotion Board Approved Eight
FDI Proposals
Published on: 01-J UN-2013
Important for Exam: 32 people agreed
The FIPB on 31 May 2013 approved eight FDI proposals, which include
those of McKinsey & Company, ACME Solar Energy and GETIT
Infoservices.
OECD scaled down India's Growth Rate at 5.3 Percent
Published on: 31-MAY-2013
Important for Exam: 48 people agreed
OECD on 29 May 2013 scaled down Indias growth estimate to 5.3 per
cent for 2013 from 5.9 per cent.
CSO:Economic Growth declined to a low of 5 Percent
for the 2012-13 Fiscal
Published on: 31-MAY-2013
Important for Exam: 67 people agreed
As per CSO DATA released on 31 May 2013, economic growth fell to a
decade's low of 5 per cent for the entire 2012-13 fiscal
SEBI made Registration Compulsory for Investment
Advisors
Published on: 30-MAY-2013
Important for Exam: 28 people agreed
SEBI made it compulsory for investment advisorsto first obtain a
certificate of registration for the same.
Quarterl y Report (Jan-Mar 2013) on Public Debt
Management Released
Published on: 28-MAY-2013
Important for Exam: 7 people agreed
Quarterly Report on Public Debt Management for the Quarter J anuary-
March 2013 was released on 28 May 2013.
RBI imposed Restrictions on Bank Loans against Gold
Published on: 28-MAY-2013
Important for Exam: 57 people agreed
The Reserve Bank of India on 27 May 2013 imposed restrictions on
banks and NBFCs for providing loans against gold coins
Union Cabinet of India Approved the Creating 20751
Additional Posts in Income Tax Department
Published on: 24-MAY-2013
Important for Exam: 75 people agreed
The Union Cabinet of India on 23 May 2013 approved the proposal for
creating 20751 additional posts in the Income Tax Department in various
cadres.
Indian Rupee touched New 6-Month Low at 55.83
against US Dollar
Published on: 23-MAY-2013
Important for Exam: 16 people agreed
The Indian rupee on 23 May 2013 declined by 37 paise to trade at a
fresh six-month low of 55.83
Union Government proposed Stronger Powers to SEBI
for tackling Ponzi Schemes
Published on: 20-MAY-2013
Important for Exam: 70 people agreed
The Union Government has proposed Stronger Powers to SEBI enabling
it to carry out search and seizure operations and for attachment of
assets.
Demand for Gold in India Increased by 27 Percent
during Jan-Mar 2013
Published on: 20-MAY-2013
Important for Exam: 16 people agreed
Demand for gold in India increased by 27 per cent to 256.5 tonnes
during the J anuary-March 2013 quarter
Civil Aviation Ministry directed Airlines to Limit
Number of Privileged Seats
Published on: 20-MAY-2013
Important for Exam: 8 people agreed
Aviation Ministry directed airlines to limit number of privileged seats for
which fees can be charged and extended time to decrease number of
foreign pilots.
Government cut Import Tariff Value of Gold and Silver
Published on: 18-MAY-2013
Important for Exam: 10 people agreed
The government cut the import tariff value of gold and silver to 466 US
dollars per ten grams
CCEA approved the Same Scale of Allocation to APL
Families
Published on: 18-MAY-2013
Important for Exam: 19 people agreed
CCEA on 16 May 2013 approved the continuation of the same scale of
allocation to APL families during 2013-14
Union Govt ratified 8.5 Percent interest on PF
Deposits for 2012-13
Published on: 16-MAY-2013
Important for Exam: 37 people agreed
Finance Ministry approved payment of 8.5 per cent interest rate for
2012-13 from 8.25 per cent in the previous fiscal.
International Monetary Fund (IMF) approved 1.3 bn
Dollars loan for Cyprus
Published on: 16-MAY-2013
Important for Exam: 30 people agreed
IMF on 15 May 2013 approved a three-year, 1.3 billion dollars loan for
supporting Cyprus attempts to stabilize its financial sector.
RBI decided to Launch Inflation Indexed Bonds (IIBs)
Published on: 16-MAY-2013
Important for Exam: 158 people agreed
The RBI (Reserve Bank of India) on 15 May 2013 decided to launch
Inflation Indexed Bonds (IIBs).
Union Government hiked Backward Region Grant
Fund Entitlement for Uttar Pradesh
Published on: 16-MAY-2013
Important for Exam: 29 people agreed
Backward Region Grant Fund was increased to 818.17 crore rupees for
2013-14 from 667 crore rupees for Utatr Pradesh by Union Government.
Reserve Bank of India directed Banks to follow Clean
Note Policy
Published on: 15-MAY-2013
Important for Exam: 103 people agreed
RBI directed banks to follow Clean Note Policy and not to stable the
notes packet. It also directed the banks to withdraw soiled notes from
circulation.
WPI Inflation eased to 4.89 percent in Apri l 2013 as
Per Official Data
Published on: 14-MAY-2013
Important for Exam: 25 people agreed
As per official data released on 14 May 2013, WPI Inflation eased to
4.89 percent in April 2013.
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Exports in India grew up by 1.6 percent in April 2013
Published on: 14-MAY-2013
Important for Exam: 14 people agreed
The exports in the month of April 2013 of India grew by 1.6 percent and
stood at 24.16 billion US Dollar. Trade deficit pushed to 1.7 billion US
dollar.
Total Value of Mineral Production During March 2013
was 20475 Crore Rupees
Published on: 14-MAY-2013
Important for Exam: 8 people agreed
The total value of mineral production (excluding atomic & minor
minerals) in the country during March 2013 was 20475 crore rupees.
Reserve Bank of India imposed Restrictions on Gold
Import by Banks
Published on: 14-MAY-2013
Important for Exam: 31 people agreed
The RBI on 12 May 2013 imposed restrictions on gold import by banks in
order to moderate the demand of gold for domestic use.
National Stock Exchange(NSE) launched Debt Trading
Platform
Published on: 13-MAY-2013
Important for Exam: 52 people agreed
National Stock Exchange, the Leading bourse on 11 May 2013 launched
the countrys first dedicated debt trading platform.
Retail Inflation declined to 9.39 Percent in April 2013
Published on: 13-MAY-2013
Important for Exam: 10 people agreed
Retail inflation declined to 9.39 per cent in April because of reduction in
prices of vegetables, edible oil and protein-based items
Inter-Ministerial Group approved 10% Equity Sale in
Coal India Limited
Published on: 11-MAY-2013
Important for Exam: 27 people agreed
Sale of 10 percent equity of the Coal India Limited was approved by the
Inter-Ministerial Group headed by Ravi Mathur, the Disinvestment
Secretary.
Air India declared Transformation by Implementation
of Cost Cutting Measures
Published on: 10-MAY-2013
Important for Exam: 16 people agreed
Air India is set to implement transformation programmes by
implementing cost cutting measures suggested by the five member
committee.
CCEA approved Proposal to set-up 2 Major Ports in
Bengal and Andhra Pradesh
Published on: 10-MAY-2013
Important for Exam: 34 people agreed
Proposal from Ministry of Shipping to set-up two ports in Andhra
Pradesh and West Bengal were approved by CCEA on 9 May 2013.
India is the largest Producer and Consumer of
Chickpeas in World
Published on: 09-MAY-2013
Important for Exam: 42 people agreed
FAO in its latest report for 2011 reported that India is the largest
producer and consumer of Chickpeas in the world.
Union Government set 325-billion Dollars Export
Target for 2013-14
Published on: 09-MAY-2013
Important for Exam: 34 people agreed
Union Government announced an export target of 325 billion dollars for
the current financial year 2013-14 to support the slowdown in the global
markets.
Foreign Exchange Earnings from Tourism grew by 7
percent in April 2013
Published on: 08-MAY-2013
Important for Exam: 16 people agreed
FEEs from Tourism Increases by More than Seven Percent in April
2013. FTAs went up by About Two Percent during the First Quarter Of
2013.
SEBI approved Kerala's Start-up Village Angel Fund of
10 million Dollars
Published on: 07-MAY-2013
Important for Exam: 41 people agreed
SEBI in May 2013 had approved an angel fund of 10 million Dollars to
address the problem of resource crisis for start-up companies across the
country.
India's Services Growth hit 18-month low: HSBC
Published on: 06-MAY-2013
Important for Exam: 10 people agreed
As per the survey undertake by HSBC, Indias services sector grew at
its slowest pace in one and half years during the month of April 2013.
Asian Development Bank to provide 6 billion Dollars
to India over next 3 years
Published on: 06-MAY-2013
Important for Exam: 32 people agreed
ADB on 5 May 2013 announced that it is going to provide about 6 billion
dollars loan to India over the next three years.
Foodgrains Output for 2013 Exceeded its Target
Published on: 04-MAY-2013
Important for Exam: 13 people agreed
Foodgrains output for 2012-13 was revised by the Government of India
by 5.22 million tonnes for wheat, rice and coarse cereals.
CCEA approved Exchange Trade Fund for PSU stocks
Published on: 03-MAY-2013
Important for Exam: 14 people agreed
CCEA on 2 May 2013 cleared the government proposal to set up an
exchange traded fund backed by a basket of PSU stocks, commonly
referred as CPSEETF.
RBI reduced the Repo Rate by 25 Basis Points to 7.25
Percent
Published on: 03-MAY-2013
Important for Exam: 85 people agreed
RBI on 3 May 2013 reduced the policy repo rate by 25 basis points to
7.25 per cent
Supreme Court of India upheld 51 Percent FDI in Multi -
brand Retail
Published on: 02-MAY-2013
Important for Exam: 54 people agreed
The Supreme Court of India on 1 May 2013 upheld the constitutional
validity of 51 percent FDI in the multi-brand retail sector.
Bombay Stock Exchange (BSE) launched broad-based
Islamic Equity Index
Published on: 01-MAY-2013
Important for Exam: 122 people agreed
The Bombay Stock Exchange (BSE) on 30 April 2013 launched an
Islamic equity index
The Union Minister for Commerce, Industry and
Textiles Launched 21 New Textile Parks
Published on: 24-APR-2013
Important for Exam: 45 people agreed
The Union Minister for Commerce, Industry and Textiles, Anand Sharma
on 23 April 2013, launched 21 New Textile Parks approved under SITP.
PMEAC Presented Economic Review 2012-13:
Highlights
Published on: 23-APR-2013
Important for Exam: 47 people agreed
The Prime Ministers Economic Advisory Council (PMEAC) under the
Chairmanship of C Rangarajan on 23 April 2013 presented the
Economic review 2012-13.
Competition Commission of India slapped fine of 8000
Crore rupees in 19 Cases
Published on: 23-APR-2013
Important for Exam: 34 people agreed
Competition Commission of India (CCI) penalised 19 business entities
for anti-competitive practices collectively for around 8000 crore Rupees.
Union Government of India approved 13 Power
Projects and 25 Oil & Gas Blocks
Published on: 23-APR-2013
Important for Exam: 38 people agreed
CCI approved 13 power projects that include hydro, thermal &
transmission projects. Investment of 33000 crore rupees will be made on
these projects.
Government permitted Railways to use its Land for
Metro Networks
Published on: 20-APR-2013
Important for Exam: 25 people agreed
Union Cabinet of India gave its approval to the proposal of the Indian
Railways for permitting use of its land for metro networks.
Union Government approved 1083 crore Rupees
Revival Plan for HMT
Published on: 20-APR-2013
Important for Exam: 39 people agreed
The Cabinet Committee on Economic Affairs (CCEA) on 18 April 2013
approved a 1083-crore Rupees renewal package for watch and tractor
maker company HMT.
Government has implemented Changes in FTP 2009-
14 to Enhance Trade and SEZs
Published on: 19-APR-2013
Important for Exam: 19 people agreed
The Union Commerce Ministry has announced changes in different
policies and schemes under Annual Supplement 2013-14 of FTP 2009-
14.
To Revive Interest in SEZs of Investors Government
announced Changes in FTP
Published on: 19-APR-2013
Important for Exam: 33 people agreed
To revive interests of investors in SEZs the Union Government of India
announced some revisions in annual supplement of FTP 2009-14.
Indias Exports in March 2013 were valued at 30849.65
Million Dollars
Published on: 18-APR-2013
Important for Exam: 4 people agreed
Indias Exports during March 2013 were valued at 30849.65 million US
dollars (167836.31 crore rupees)
IMF slashed Economic Growth Rate of India to 5.7
percent from 5.9 percent for 2013
Published on: 17-APR-2013
Important for Exam: 42 people agreed
IMF in its latest release of WEO slashed Indias growth rate to 5.7
percent from 5.9 percent on 16 April 2013.
Reserve Bank of India to Start Plastic Money Project
on Trial Basis
Published on: 17-APR-2013
Important for Exam: 254 people agreed
RBI decided to launch Plastic notes in the denomination of 10 Rupees in
five selected cities of India on trial basis.
Prices of Commodities Decreased Considerabl y; Gold
Prices Decreased to 15-Month Low
Published on: 16-APR-2013
Important for Exam: 19 people agreed
The prices of wide range of commodities decreased considerably in the
second week of April 2013. Gold fell to 15-month low at 26500 Rupees
per 10 gm.
NEEPCO granted MiniratnaCategory1 Status by the
Union Government of India
Published on: 12-APR-2013
Important for Exam: 55 people agreed
NEEPCO was conferred with the Miniratna Category 1 status by the
President of India, Pranab Mukherjee on 8 April 2013.
Retail Inflation declined to 10.39 Percent in March
2013
Published on: 12-APR-2013
Important for Exam: 26 people agreed
As per a Government data released, retail inflation of the country
declined to 10.39 % in March. This is the first decline over a period of
five months.
WTO Slashed Trade Growth Forecast for 2013 to 3.3
Percent
Published on: 11-APR-2013
Important for Exam: 32 people agreed
The World Trade Growth Forecast was slashed to 3.3 percent by World
Trade Organization. It asked to strengthen multilateral trade system.
Annual Auto Sales in India Dropped 6.7 Percent; First
Time in 10 Years: SIAM
Published on: 11-APR-2013
Important for Exam: 34 people agreed
The annual sales of car in India dropped down to 6.7 percent from 2012,
lowest in 10 years, according to SIAM.
Food Corporation of India (FCI) Raised 5000 Crore
Rupees by Issuing Taxable Bonds
Published on: 11-APR-2013
Important for Exam: 12 people agreed
The Food Corporation of India (FCI) raised 5000 crore Rupees by
issuing taxable bonds backed by Government of India Guarantee.
Indian Railways Carried 1009.73 Million Tonnes of
Freight during Fiscal 2012-13
Published on: 10-APR-2013
Important for Exam: 21 people agreed
Indian Railways carried 1009.73 million tonnes of revenue earning
freight traffic during the financial year 2012-13 as per the data released
by Ministry of Railways.
India Trade Promotion Organisation Signed a MoU
with Government of India
Published on: 09-APR-2013
Important for Exam: 46 people agreed
India Trade Promotion Organisation (ITPO) signed a Memorandum of
Understanding (MoU) with Government of India for the year 2013-14 on
20 March 2013.
National Workshop on Grid Integration Inaugurated
Published on: 09-APR-2013
Important for Exam: 22 people agreed
The Minister for New & Renewable Energy inaugurated the National
Workshop on Grid Integration of Renewable Energy Sources and Energy
Efficiency on 8 April 2013.
Foreign Tourist Arrivals in India Increased by About
Three Percent
Published on: 08-APR-2013
Important for Exam: 15 people agreed
Foreign Tourist Arrivals (FTAs) showed a growth of 2.8 percent in March
2013 over March 2012.
Two-Day International Workshop on Green National
Accounting for India Concluded
Published on: 08-APR-2013
Important for Exam: 33 people agreed
Two-day International Workshop on Green National Accounting for India
finished in New Delhi on 6 April 2013.
Union Government of India Sanctioned 4065.81 Crore
Rupees for Water Pollution Control
Published on: 06-APR-2013
Important for Exam: 21 people agreed
For exercising pollution abatement schemes of rivers and lakes in
different states, the Union Government of India sanctioned 4065.81
crore rupees.
Union Government achieved FY13 Revised Tax
Collection Target
Published on: 05-APR-2013
Important for Exam: 82 people agreed
Union government in the Month of March 2013 announced that it has
met its revised tax collection target for 2012-13.
Cabinet Committee on Economic Affairs approved de-
control of Sugar
Published on: 05-APR-2013
Important for Exam: 61 people agreed
CCEA decided to de-control sugar by doing away the levy-sugar
mechanism on it. Govt. decision also dismantled the regulated release
mechanism.
CCEA approved Four Laning of Jorhat to Demow
section of NH-37 in Assam
Published on: 04-APR-2013
Important for Exam: 49 people agreed
The Cabinet Committee on Economic Affairs gave its approval for the
four laning of the J orhat-Demow section of National Highway-37 in the
state of Assam.
CCEA approved Special Infrastructure Scheme in LWE
affected States
Published on: 04-APR-2013
Important for Exam: 27 people agreed
The Cabinet Committee on Economic Affairs(CCEA) on 2 April 2013
approved the proposal of the Ministry of Home Affairs for continuation of
the Scheme for Special Infrastructure (SIS)
Core Sector Growth Slumped by 2.5 Percent in
February 2013
Published on: 01-APR-2013
Important for Exam: 47 people agreed
The production of eight core sector industries decreased by 2.5 percent
in the month of February 2013, for the first time in 2012-13 financial
year.
IRDA Introduced Credit Rating Norm for Selecting
Foreign Reinsurers
Published on: 30-MAR-2013
Important for Exam: 112 people agreed
The Insurance Regulatory and Development Authority (IRDA) in the
month of March 2013 have made the norms stricter for reinsurers.
Indias International Financial Liabilities increased by
10.5 billion Dollar
Published on: 30-MAR-2013
Important for Exam: 69 people agreed
Indias international financial liabilities increased by 10.5 billion Dollars to
723.9 billion Dollars as at end- of December 2012 as per the Report.
Growth-Oriented MoU Signed Between SPMCIL and
Department of Economic Affairs
Published on: 26-MAR-2013
Important for Exam: 78 people agreed
SPMCIL signed the growth-oriented MoU with the Department of
Economic Affairs (DEA), Ministry of Finance on 25 March 2013.
Commercial Production of Aishwarya Oil Field in
Rajasthan Started
Published on: 24-MAR-2013
Important for Exam: 137 people agreed
Commercial production of oil and gas started at Aishwarya Oil Field in
Barmer, Rajasthan. It was inaugrated by Veerappa Moily and Ashok
Gehlot.
Cabinet Committee on Investment (CCI) approves Five
Oil, Gas Blocks Operations
Published on: 22-MAR-2013
Important for Exam: 103 people agreed
RBI Cuts Repo Rate by 25 Base Points while keeping
CRR Unchanged
Published on: 20-MAR-2013
Important for Exam: 122 people agreed
The Reserve Bank of India (RBI) on 19 March 2013 cut the repo rate by
25 basis points to 7.5 per cent from 7.75 percent in its mid-quarter
review of the monetary policy.
HPCL and Government of Rajasthan Signed a MoU for
Setting up Refinery
Published on: 15-MAR-2013
Important for Exam: 19 people agreed
HPCL and the Government of Rajasthan on 14 March 2013 signed MOU
at J aipur for setting up a refinery-cum-petrochemical complex in Barmer,
Rajasthan.
Economic Survey of India 2012-13: Human
Development
Published on: 14-MAR-2013
Important for Exam: 162 people agreed
Union Finance Minister P. Chidambaram on 27 February presented the
Economic Survey 2012-13 in the Lok Sabha of the Parliament.
Economic Survey of India 2012-13: Industry and
Services Sector
Published on: 14-MAR-2013
Important for Exam: 38 people agreed
Growth of value added in industrial sector, comprising manufacturing,
mining, electricity and construction sectors, slowed to 3.1 percent in
2012-13.
Economic Survey 2012-13: International Trade, India
and Global Economy
Published on: 14-MAR-2013
Important for Exam: 35 people agreed
The decrease in world growth and trade in 2012 reflected a weak and
slow recovery for world trade in the economic survey 2012-13.
Economic Survey 2012-13: Energy, Infrastructure and
Communications
Published on: 14-MAR-2013
Important for Exam: 20 people agreed
The 12th 5-Year Plan laid special emphasis on development of the
infrastructure sector including energy. 56.3 lakh crore was invested in
infrastructure sector.
Economic Survey of India 2012-13: Agriculture and
Food, Sustainable Development and Climate
Published on: 14-MAR-2013
Important for Exam: 70 people agreed
Union Finance Minister P. Chidambaram on 27 February 2013
presented the Economic Survey 2012-13 in the Lok Sabha of the
Parliament.
Union Government granted an aid of 41 Crore Rupees
to protect Pashmina Goats
Published on: 13-MAR-2013
Important for Exam: 29 people agreed
The Union Government on 12 March 2013 decided to provide a financial
assistance of 41.21 crore rupees to protect Pashmina goat which
produces world-famous fine luxury fibre...
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Coal India signed Fuel Suppl y Pacts with 56 Power
Plants
Published on: 13-MAR-2013
Important for Exam: 13 people agreed
The Union government on 12 March 2013 informed that state-run Coal
India Ltd. (CIL) signed fuel supply pacts with 56 power plants so far.
Union Government to launch 10 Rupees Plastic Notes
in 5 Cities
Published on: 12-MAR-2013
Important for Exam: 142 people agreed
The Union Government and RBI on 12 March 2013 decided to introduce
one billion pieces of 10 Rupees bank notes made of plastic on a field
trial basis in five cities.
World Bank estimated a growth of over 6 percent for
the Indian Economy during 2013-14
Published on: 11-MAR-2013
Important for Exam: 36 people agreed
The World Bank in the month of March 2013 forecasted that the Indian
economy is estimated to grow over 6 per cent during 2013-14.
Indian Financial Regulators signed pact to Monitor
Conglomerates
Published on: 10-MAR-2013
Important for Exam: 28 people agreed
The country's top four financial regulators on 8 March 2013 signed an
agreement among each other for co-operation on consolidated
supervision and monitoring of financial groups..
The Union Government of India approved Export of
Additional 5 Million Tonnes of Wheat
Published on: 08-MAR-2013
Important for Exam: 10 people agreed
The GoM approved export of additional 5 million tonnes of wheat from
FCI. Private Exporters are only permitted to export the additional
quantity of Wheat.
Union Budget 2013-14: Allocations of Funds to
Infrastructure and Energy Sector
Published on: 05-MAR-2013
Important for Exam: 16 people agreed
The Union Finance Minister announced different proposals for
Infrastructure and Energy Sector in India while tabling the Union Budget
2013-14 in the Lok Sabha on 28 February 2013. The proposals as
announced by the Union Finance Minister are as follows:
Union Budget 2013-14: Allocation of Funds to the
Defence Sector
Published on: 05-MAR-2013
Important for Exam: 32 people agreed
In the Union Budget 2013-14, which was tabled in the Lok Sabha on 28
February 2013 by the Union Finance Minister P. Chidambaram, there is
a hike of 14% on Defence Budget over the last year 2012-13, thus
promising more funds required for national security...
Union Budget 2013-14: Tax Proposals at a Glance
Published on: 02-MAR-2013
Important for Exam: 68 people agreed
The Union Finance Minister announced tax proposals while tabling the
Union Budget 2013-14 in the Lok Sabha on 28 February 2013.
Union Budget 2013-14: Allocation of Funds to the
Social Sector
Published on: 02-MAR-2013
Important for Exam: 61 people agreed
In the Union Budget 2013-14, Finance Minister P. Chidambaram made
announcements for the social sector, with focus primarily on women,
poor and youth.
Union Budget 2013-14: Allocation of Funds to
Industrial Sector
Published on: 02-MAR-2013
Important for Exam: 33 people agreed
In the Union Budget 2013-14, the Union Finance Minister, P.
Chidambaram announced plans and proposals for the industrial sector.
MOU signed for Setting up of Memu Coaches
Manufacturing Facility at Bhilwara
Published on: 01-MAR-2013
Important for Exam: 41 people agreed
MoU was signed on 25 February 2013 between Indian Railways and
Bharat Heavy Electricals Ltd (BHEL) for setting up of Greenfield MEMU
coaches manufacturing facility at Bhilwara in Rajasthan.
Union Budget 2013-14: Allocation to Rural
Development, Agriculture and Food Security
Published on: 01-MAR-2013
Important for Exam: 78 people agreed
The Union Budget 2013-14 which was tabled by the Union Finance
Minister P. Chidambaram on 28 February 2013 allocated 27049 crore
Rupees to Agriculture.
Union Budget 2013-2014: New Plans and Schemes
Introduced and Proposed
Published on: 01-MAR-2013
Important for Exam: 260 people agreed
Various new plans and schemes were introduced by the Union Finance
Minister P Chidambaram on 28 February 2013 in the Budget 2013-14.
Union Budget 2013-14: List of Commodities on which
Taxes Increased or Decreased
Published on: 01-MAR-2013
Important for Exam: 100 people agreed
Union Finance Minister P Chidambaram on 28 February 2013 tabled the
Union budget in the Lok Sabha of Parliament for the financial year 2013-
14.
Railway Budget 2013-14: New Plans and Schemes
Published on: 28-FEB-2013
Important for Exam: 177 people agreed
Union Railway Minister Pawan Kumar Bansal presented the Union
Railway Budget for 2013-14 in Lok Sabha on 26 February 2013. Some
of the New Plans and Schemes proposed in Railway Budget 2013-14
are as under..
Railway budget 2013-14: New Initiatives
Published on: 28-FEB-2013
Important for Exam: 85 people agreed
Union Railway Minister Pawan Kumar Bansal presented the Union
Railway Budget for 2013-14 in Lok Sabha on 26 February 2013.Some of
the major Initiative proposed in Railway Budget 2013-14 are as under..
Union Budget 2013-14 presented by P. Chidambaram
in Lok Sabha: Highlights
Published on: 28-FEB-2013
Important for Exam: 94 people agreed
Union Finance Minister P Chidambaram on 28 February 2013 tabled the
Union budget in the Parliament for the financial year 2013-14...
Railway Budget 2013-14: 67 New Express Trains
Announced
Published on: 27-FEB-2013
Important for Exam: 30 people agreed
Railway Minister Pawan Kumar Bansal on 27 February 2013 proposed
the introduction of 67 new express trains and 26 new passenger trains.
He also asserted the introduction of 22 new lines in 2013-14.
Economic Survey of India 2012-13: Highlights
Published on: 27-FEB-2013
Important for Exam: 371 people agreed
Union Finance Minister P. Chidambaram on 27 February 2013
presented the Economic Survey 2012-13 in the Lok Sabha of the
Parliament.
Railway Budget 2013-14 Presented in Lok Sabha :
Highlights
Published on: 26-FEB-2013
Important for Exam: 68 people agreed
Union Railway Minister Pawan Kumar Bansal presented the Union
Railway Budget for 2013-14 in Parliament on 26 February 2013.
RBI announced Guidelines for Licensing of New
Banks in Private Sector
Published on: 23-FEB-2013
Important for Exam: 71 people agreed
Guidelines for Licensing of New Banks in the Private Sector was
released by Reserve Bank of India on 22 February 2013.
Akhilesh Yadav, Chief Minister of Uttar Pradesh
Presented Budget for Fiscal Year 2013-14
Published on: 23-FEB-2013
Important for Exam: 22 people agreed
Budget 2013-14 was presented in the Vidhan Sabha on 19 February
2013 by the Chief Minister of Uttar Pradesh, Akhilesh Yadav.
The Union Government Cancelled Bond Auction
Worth 12000 Crore Rupees
Published on: 20-FEB-2013
Important for Exam: 6 people agreed
The Union Government of India on 18 February 2013 cancelled the bond
auctions worth 12000 crore Rupees.
Inflation goes Down to Three Years Low to 6.62
percent in January 2013
Published on: 15-FEB-2013
Important for Exam: 12 people agreed
Data released by the Commerce and Industry Ministry reported that
Inflation went down to its three year low of 6.62 percent in J anuary 2013.
SEBI ordered freezing of accounts and attachment of
properties of two companies of Sahara
Published on: 14-FEB-2013
Important for Exam: 12 people agreed
Seizure of Bank Accounts of two companies of Sahara and attachment
of its properties ordered by SEBI, the market regulator on 13 February
2013.
Exports of India Increased By 0.8 Per Cent in January
2013
Published on: 14-FEB-2013
Important for Exam: 12 people agreed
The exports of India increased by 0.8 percent in the month of J anuary
2013 to 25.58 billion US dollars.
India's Trade Deficit for April - January, 2012-13 was
estimated at 167168.12 Million US Dollars
Published on: 13-FEB-2013
Important for Exam: 1 people agreed
India's Trade Deficit for April - J anuary, 2012-13 was estimated at
167168.12 Million US Dollars
Comfort Letter issued by Finance Ministry for
sanction of 25000 crore Subsidy
Published on: 12-FEB-2013
Important for Exam: 7 people agreed
Government of India decided to pay the additional cash subsidy of
25000 crore rupees to the state owned fuel retailers in second week of
Feb 2013.
Railway Revenue Earnings increased by 20.38 Per
Cent During April 2012-January 2013
Published on: 10-FEB-2013
Important for Exam: 4 people agreed
The total approximate earnings of Indian Railways on originating basis
during 1 April 2012 to 31 J anuary 2013 were 101223.95 crore rupees
TRAI:Teledensity declined by 25.97 Million to 895.51
Million in December 2012
Published on: 10-FEB-2013
Important for Exam: 6 people agreed
Telecom Regulatory Authority of India(TRAI) stated that total wireless
subscriber base decreased from 890.60 million in Nov 2012 to 864.72
million in Dec 2012
CCEA approved increase of MSP of Copra for 2013
season by 150 Rupees per Quintal
Published on: 08-FEB-2013
Important for Exam: 6 people agreed
CCEA revised the MSP of Milling and Ball Copra for 2013 and increased
it by 150 rupees per quintal from the previous years MSP.
Economic Growth of India Estimated to Fall To 5
Percent in 2012-2013 FY
Published on: 08-FEB-2013
Important for Exam: 13 people agreed
The economic growth of India is estimated to fall to 5 percent in 2012-
2013 financial year, which is a lowest figure in 10 years.
Authorized Capital of NABARD raised from 5000 crore
rupees to 20000 crore rupees
Published on: 08-FEB-2013
Important for Exam: 45 people agreed
The Union Cabinet of India gave its nod the raise the authorized capital
of NABARD aiming towards for enlargement of its operations and
activities.
Net Direct Tax Collection Grew 12 Percent in April-
January in FY 2012-2013
Published on: 07-FEB-2013
Important for Exam: 8 people agreed
Gross Direct Tax collection from the period of April to J anuary in fiscal
year 2012-2013 increased by 7.02 percent.
CCEA gave its nod to Price Pooling Mechanism on
Coal to Control Prices of Coal
Published on: 06-FEB-2013
Important for Exam: 10 people agreed
CCEA approved price pooling mechanism of coal on 5 Feb. 2012 and
EGoM gave its nod for disinvestment of 9.5 percent stakes of NTPC.
ED Slapped 98.5 Crore Rupees Penalty Notice on
Rajasthan Royals
Published on: 05-FEB-2013
Important for Exam: 12 people agreed
The Enforcement Directorate (ED) slapped the IPL team Rajasthan
Royals with a penalty notice of around 100 crore Rupees for violating the
Forex laws.
BHEL and GAIL Granted Maharatna Status by the
Union Government of India
Published on: 02-FEB-2013
Important for Exam: 82 people agreed
The Union Government of India gave the Maharatna status to two PSUs-
BHEL and GAIL on 1 February 2013.
Union Ministry for Commerce launched eBiz Portal to
Provide one Stop Shop for all Investment
Published on: 29-J AN-2013
Important for Exam: 53 people agreed
The Union Minister for Commerce on 28 J anuary 2013 launched an eBiz
portal at the CII Partnership Summit in Agra
Reserve Bank of India slashed Repo Rate to 7.75
Percent and CRR to 4 Percent
Published on: 29-J AN-2013
Important for Exam: 78 people agreed
The Reserve Bank of India on 29 J anuary 2013 slashed its key interest
rates by 0.25 per cent and released 18000 crore rupees
Securities and Exchange Board of India revised the
Mechanism of Offer for Sale
Published on: 26-J AN-2013
Important for Exam: 17 people agreed
Securities and Exchange Board of India made revisions in the norms of
Offer for Sale on 25 J anuary 2013.
Union Commerce Ministry cl aimed that India has
crossed One Billion Mark in Tea Production
Published on: 26-J AN-2013
Important for Exam: 21 people agreed
The figures released in J an. 2013 from the Union Commerce Ministry
states that India has crossed the 1 billion mark of tea production
FDI Inflow Decreased to Two-Year Low in November
2012
Published on: 24-J AN-2013
Important for Exam: 21 people agreed
The inflow of foreign direct investment (FDI) in India decreased to
around 2-year low at 1.05 billion US dollar in November 2012.
IMF forecasted Indian Economic Growth Rate to be 5.9
percent in 2013
Published on: 24-J AN-2013
Important for Exam: 30 people agreed
The International Monetary Fund (IMF) on 23 J anuary 2013 projected
that the economic growth rate of India in 2013 would be 5.9 percent
Railways decided to undertake a Cleanliness Drive
across the Country
Published on: 23-J AN-2013
Important for Exam: 4 people agreed
The Railways on 22 J anuary 2013 decided to undertake a cleanliness
drive at about 100 important stations across the country
Union Government of India increased Import Duty on
Gold and Platinum by 2 Percent
Published on: 22-J AN-2013
Important for Exam: 13 people agreed
The Government of India has increased the import duty on platinum and
gold from 4 percent to 6 percent.
Union Cabinet Approved 50 Percent Reduction in the
Reserve Prices for CDMA Spectrum
Published on: 18-J AN-2013
Important for Exam: 7 people agreed
The Union Government on 17 J anuary 2013 approved a 50 per cent
reduction in the reserve price of spectrum used by CDMA mobile
operators.
Cabinet Committee on Economic Affairs approved the
Continuation of JNNURM
Published on: 18-J AN-2013
Important for Exam: 21 people agreed
The Cabinet Committee on Economic Affairs approved the continuation
of the J awaharlal Nehru National Urban Renewal Mission (J NNURM)
MTNL launched its Video Telephony Service in Delhi
and Mumbai
Published on: 18-J AN-2013
Important for Exam: 4 people agreed
Government Telecom Service Provider MTNL on 17 J anuary 2013
launched its video telephony service in Delhi and Mumbai
CCEA approved Defreeze in the Tariff Value of Edible
Oils as per International Market
Published on: 18-J AN-2013
Important for Exam: 10 people agreed
CCEA gave its approval to defreeze the tariff value of the edible oils as
per the international prices prevalent in the International market.
Union Government Approved Open Policy and lifted
ban on Export of Processed Food
Published on: 18-J AN-2013
Important for Exam: 6 people agreed
Union Government on 17 J anuary 2013 lifted ban on exports of
processed foods and value added agricultural products in order to
facilitate uninterrupted supply...
Union Government of India raised the cap on
Subsidized LPG Cylinders from 6 to 9
Published on: 17-J AN-2013
Important for Exam: 2 people agreed
Union Government of India hiked the cap on subsidized cylinders from 6
to 9. The decisions will come into effect from 1 April 2013.
Union Government raised LPG Cap to Nine
Subsidised Cylinders per Year
Published on: 17-J AN-2013
Important for Exam: 5 people agreed
The Union government on 17 J anuary 2013 hiked the cap on subsidised
LPG cylinders from 6 to 9. The move will be effective from April 2013...
Supreme Court of India ended the Tax Exemption of
Cookie Man under SSI Notification
Published on: 17-J AN-2013
Important for Exam: 3 people agreed
SC: ordered End of Tax Exemption for the Australian Foods India Private
Limited, makers of Cookie Man cookies claimed under SSI Notification.
Union Government Imposed 2.5 Percent Import Duty
on Crude Edible Oil
Published on: 17-J AN-2013
Important for Exam: 9 people agreed
Union government on 17 J anuary 2013 imposed a 2.5 per cent import
duty on crude edible oil with keeping the duties unchanged on refined
cooking oil...
World Bank slashed the Global Growth Forecast to 2.4
Percent
Published on: 17-J AN-2013
Important for Exam: 8 people agreed
World Bank slashed the Global Growth Forecast to 2.4 percent on 15
J anuary 2013. In J une 2012 it made a forecast of gaining 3 percent
growth.
The Implementation of GAAR deferred by 2 Years, to
Come into Force from 1April 2016
Published on: 16-J AN-2013
Important for Exam: 35 people agreed
The implementation of General Anti Avoidance Rules (GAAR) was
deferred by two years by the government of India. It will now come into
force from 1 April 2016
Krishi Karman Awards for the year 2011-2012
presented by the President of India
Published on: 16-J AN-2013
Important for Exam: 23 people agreed
Pranab Mukherjee presented the Krishi Karman Awards - 2011-2012 to
the best performing states with increased food grain production at
Ratrapati Bhawan.
Sensex Crossed Crucial 20000 Mark after Two Years
Published on: 16-J AN-2013
Important for Exam: 5 people agreed
The Bombay Stock Exchange Sensex for second time in a row on 15
J anuary 2013 touched 2-years high. The Nifty, on the other hand,
increased to 0.54 percent or 32.55 points, ending at 6056.60.
Union Cabinet approved 12517 crore Rupees of
Capital Infusion in 10 PSU Banks
Published on: 11-J AN-2013
Important for Exam: 20 people agreed
The Union Cabinet on 10 J anuary 2013 approved a proposal of infusing
12517 crores rupees in public sector banks so that bank could enhance
the lending activity and meet the capital adequacy norms.
RBI: Pri vate Sector of India registered a Net Profit of
4.3 percent in First Half of 2012-13
Published on: 11-J AN-2013
Important for Exam: 8 people agreed
Data released by RBI, reports that the Private Corporate Sector of India
has registered a 4.3 percent increase in the net profits in the first half of
2012-13
Union Government approved Ten Percent Stake Sale
in Engineers India Ltd (EIL)
Published on: 10-J AN-2013
Important for Exam: 10 people agreed
The Union Government on 10 J anuary 2013 approved 10 per cent stake
sale in Engineers India Ltd (EIL), which is supposed to bring back a sum
of around 800 crore Rupees to the government.
RBI set up Working Group to review Banking
Ombudsman Scheme
Published on: 05-J AN-2013
Important for Exam: 42 people agreed
The Reserve Bank of India in the month of J anuary 2013 had set up a
working group to evaluate and make improvements in the grievance
redressal mechanism for bank customers...
Manufacturing Sector Displayed Six-Month Highest
Growth in December 2012: Survey
Published on: 03-J AN-2013
Important for Exam: 9 people agreed
The Purchasing Managers' Index from HSBC survey revealed on 2 J an
2013 that the manufacturing activity of India increased in Dec 2012 to
maximum in six months.
Domestic Automobile Sales Decreased in December
2012 despite Heavy Discounts
Published on: 02-J AN-2013
Important for Exam: 7 people agreed
Inspite of offering heavy discounts and attractive offers, automobile
companies failed to attract customers, resulting in low sales in
December 2012.
Rollout of Direct Benefits Transfers started on 1
January 2013
Published on: 01-J AN-2013
Important for Exam: 121 people agreed
National Committee on Direct Cash Transfers started roll-out of the
Direct Cash Benefits from 1 J anuary 2013 in 43 identified districts of the
country

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