CA Economics From Jan 2013

8/12/2019 CA Economics From Jan 2013

1/113

World Bank lowered growth forecast for developing

world to 4.8 percentPublished on: 11-JUN-2014

Important for Exam: 117 people agreedGEP 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 creditPublished on: 10-JUN-2014Important for Exam: 70 people agreed

The National Bank for Agriculture and Rural Development (NABARD) on

9 June 2014 reduced the rate of interest by 20 basis points (bps)

RBI simpli fied KYC norms for opening bank accountPublished on: 10-JUN-2014Important 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 PMIPublished on: 05-JUN-2014Important 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 2013Published on: 04-JUN-2014Important for Exam: 70 people agreed


2/113

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 ComtradePublished on: 03-JUN-2014Important 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-Monthly Monetary Policy

StatementPublished on: 03-JUN-2014Important for Exam: 239 people agreed

Reserve Bank of India was released second Bi-Monthly Monetary Policy

Statement.

India became 2nd largest texti les exporter after China:

UN ComtradePublished on: 03-JUN-2014Important for Exam: 23 people agreed

India became the 2nd largest exporter of global textiles after China.

CSO released Provisional and Quarterly Estimate of

National Income for 2013-14Published on: 31-MAY-2014Important 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.


3/113

India signed loan agreement with World Bank for

Sarva Shiksha Abhiyan IIIPublished on: 30-MAY-2014

Important for Exam: 149 people agreedUnion 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 acquisi tion & merger rules for Non-

Banking Financial CompaniesPublished 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 bil lion

US dollar in 2014: RBIPublished on: 27-MAY-2014Important 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 regionPublished on: 26-MAY-2014Important 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: DIPPPublished on: 26-MAY-2014Important for Exam: 94 people agreed


4/113

Singapore became the top source of foreign direct investment (FDI) into

India.

RBI permitted the banks to provide loans to exporters

with 10 years tenurePublished on: 23-MAY-2014Important 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 tril lion dollar club based

on m-capPublished on: 23-MAY-2014Important 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 IREDAPublished on: 23-MAY-2014Important 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 fr iendly new

ATMsPublished on: 22-MAY-2014Important for Exam: 106 people agreed

RBI directed all new ATMs to be installed by commercial banks from July

2014 onwards would provide audible instructions and Braille keypads to

customers.

RBI eased gold import norms under 20:80 SchemePublished on: 22-MAY-2014Important for Exam: 144 people agreed


5/113

The Reserve Bank of India allowed star houses (SRH) and premier

trading houses (PTH) to import gold under the 20: 80 Scheme.

Bharatiya Mahila Bank included in Second Schedule

of RBI Act, 1934Published on: 22-MAY-2014Important 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 RBIPublished on: 17-MAY-2014Important 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 CommissionPublished on: 17-MAY-2014Important 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 RajanPublished on: 16-MAY-2014Important 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.


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India to become the third largest oil consumer by

2025: US EIAPublished on: 14-MAY-2014

Important for Exam: 79 people agreedIndia 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

productsPublished on: 13-MAY-2014Important for Exam: 58 people agreed

RBI has allowed the overseas branches of domestic banks to offerstructured derivatives even if the products are not allowed in India, at

present.

Indian companies are not permitted to raise External

Commercial Borrowings: RBIPublished on: 10-MAY-2014Important 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 RupayPublished on: 09-MAY-2014Important 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 accountsPublished on: 07-MAY-2014Important for Exam: 173 people agreed


7/113

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 vegetablesPublished on: 29-APR-2014Important 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 wi ll decide NPA guidelines rules: Gujarat High

CourtPublished on: 25-APR-2014Important 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 FlightsPublished on: 25-APR-2014


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 CompaniesPublished on: 25-APR-2014Important 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


8/113

Published on: 24-APR-2014Important 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 plantPublished on: 21-APR-2014Important 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 exportPublished on: 21-APR-2014Important 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 NormsPublished on: 19-APR-2014Important 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:

SCPublished on: 17-APR-2014Important for Exam: 41 people agreed

Supreme Court in its direction said that CAG is empowered to audit the

private telecom companies.


9/113

Inflation based on WPI reached 3-month high of 5.7%

in March 2014Published on: 16-APR-2014

Important for Exam: 46 people agreedWPI 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 customersPublished on: 16-APR-2014


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 restric ted to

normal trading category: SEBIPublished on: 16-APR-2014


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: WTOPublished on: 15-APR-2014Important 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 yearsPublished on: 14-APR-2014Important for Exam: 47 people agreed

India became net steel exporter in 2013-14 after a gap of six years.


10/113

WB projected economic growth rate of 5.7% for India

in 2014-15 fiscalPublished on: 11-APR-2014

Important for Exam: 60 people agreedWorld 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 IndexPublished on: 05-APR-2014Important 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 notif ied rules on providing insurance cover for

public depositsPublished on: 05-APR-2014Important 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 standardsPublished on: 04-APR-2014Important 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


11/113

Published on: 03-APR-2014Important 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 servicesPublished on: 03-APR-2014Important 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: RBIPublished on: 02-APR-2014Important 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 releasedPublished on: 02-APR-2014Important 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 halfPublished on: 02-APR-2014Important 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.


12/113

Repo Rate kept unchanged by RBI in First Bi-monthly

Monetary Policy Statement 2014-15Published on: 01-APR-2014

Important for Exam: 81 people agreedReserve Bank of India (RBI) announced on 1 April 2014 its first Bi-

monthly Monetary Policy statement 2014-15

Union Ministry of Corporate Affairs noti fied rules for

ten more chapters in the new Company ActPublished on: 01-APR-2014Important for Exam: 53 people agreed

Union Ministry of Corporate Affairs notified rules for ten more chapters inthe new Companies Act, 2013.

India GDP rises to 5.5 percent in 2014-15: Asian

Development Outlook 2014Published on: 01-APR-2014Important 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 2013Published on: 31-MAR-2014Important 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 UttarakhandPublished on: 31-MAR-2014Important for Exam: 69 people agreed


13/113

BHEL signed a contract 125 crore rupees from Uttarakhand Jal Vidyut

Nigam Limited

NCDEX launched Bajra Future Contract

Published on: 31-MAR-2014Important 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 2013Published on: 28-MAR-2014

Important for Exam: 27 people agreedSpices 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 2019Published on: 28-MAR-2014Important for Exam: 116 people agreed

The Reserve Bank of India (RBI) extended the timeline for fullimplementation of the Basel III capital regulations by a year.

SEBI to release FATCA compliance norms in the fiscal

year 2014-15Published on: 27-MAR-2014Important 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 2014Published on: 27-MAR-2014Important for Exam: 52 people agreed


14/113

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-2014Important 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

SchemePublished on: 25-MAR-2014

Important for Exam: 132 people agreedBank of India on 24 March 2014 launched Instant Money Transfer (IMT)

scheme in Mumbai

Government of India divested its 9 percent stake in

Axis BankPublished on: 22-MAR-2014Important for Exam: 29 people agreed

The Government of India divested its 9 percent stake in Axis Bank on 21March 2014.

FDI inflow grew in January 2014 by 1.5 percent: DIPPPublished on: 21-MAR-2014Important for Exam: 27 people agreed

The foreign direct investment (FDI) grew in January 2014 by 1.5 per cent

to 2.18 billion US dollar compared to 2.15 billion US dollar in January

2013.RBI issued notice to banks concerning

discontinuation of Windows XPPublished on: 21-MAR-2014Important for Exam: 94 people agreed


15/113

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 f ive

private banksPublished on: 20-MAR-2014Important 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

investorsPublished on: 20-MAR-2014Important 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 ONGCPublished on: 15-MAR-2014Important 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 transactionPublished on: 14-MAR-2014

Important for Exam: 59 people agreedReserve Bank of India (RBI) hiked the trade related remittance limit from

2 lakh rupees to 5 lakh rupees per transaction


16/113

Union Finance Ministry and SEBI finalized the norms

for setting up CPSE-ETFPublished on: 12-MAR-2014

Important for Exam: 39 people agreedUnion 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 2014Published on: 12-MAR-2014Important for Exam: 33 people agreed

Indias exports have contracted by 3.67 percent in February 2014 to 25.7billion dollars, which is the first in past eight months.

Union Government announced to build 200 low cost

airportsPublished on: 11-MAR-2014Important 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 apply

Basel III normsPublished on: 08-MAR-2014Important 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 ImportPublished on: 07-MAR-2014Important for Exam: 14 people agreed


17/113

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 2013-14Published on: 06-MAR-2014Important 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-2014Important 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 2015Published on: 04-MAR-2014Important for Exam: 76 people agreed

RBI has extended date for exchange of pre-2005 banknotes to 1

January 2015 and advised banks to facilitate the exchange of these

notes for full value.

Union Ministry of Commerce and Industry launched

DMIC at LucknowPublished on: 03-MAR-2014Important for Exam: 44 people agreed

Union Ministry of Commerce and Industry launched the DMIC chapter of

Uttar Pradesh at Lucknow


18/113


19/113

Gross NPAs of l isted banks soared 35.2 percent

during first three quarters of 2013-14Published on: 19-FEB-2014

Important for Exam: 79 people agreedThe 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 productionPublished on: 19-FEB-2014Important for Exam: 31 people agreed

Government de-allocated 6 coal-blocks given to different companiesfollowing delay in production following a recommendation of IMG.

Interim Union Budget 2014-15 Tax ProposalPublished on: 17-FEB-2014Important 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: HighlightsPublished on: 17-FEB-2014Important 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 silverPublished on: 17-FEB-2014Important 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.


20/113

Second AE put Foodgrain production at 263.2 MT in

2013-14Published on: 15-FEB-2014

Important for Exam: 31 people agreedUnion Agriculture Ministry released the Second advance estimates of

Crop Production on 14 February 2014.

SEBI approved the new Corporate Governance normsPublished on: 14-FEB-2014Important for Exam: 39 people agreed

Securities and Exchange Board of India board approved the new

corporate governance normsIndias Economy to grow by 4.9 percent in 2013-14:

CSOPublished on: 10-FEB-2014Important 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 sanct ioned loans worth over

19100 crore rupeesPublished on: 10-FEB-2014Important 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 ApplicationsPublished on: 08-FEB-2014Important for Exam: 100 people agreed


21/113

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 2014-15Published on: 07-FEB-2014Important 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 AssociationPublished on: 03-FEB-2014Important 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 earlierPublished on: 01-FEB-2014Important 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 ratings of Indian aviationPublished on: 31-JAN-2014Important for Exam: 56 people agreed

Federal Aviation Administration of the US downgraded the safety ratings

of Indian aviation on 31 January 2014 from top to the second category.


22/113

Cabinet approved second Phase of Bangalore Metro

Rail ProjectPublished on: 31-JAN-2014

Important for Exam: 101 people agreedUnion 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 violationsPublished on: 31-JAN-2014Important for Exam: 21 people agreed

CCI has ordered a fresh probe into state-run miner Coal India and itssubsidiary for alleged abuse of dominant market position in fuel supplies.

By June 2014 India to have 243 mil lion Internet users:

IAMAIPublished on: 31-JAN-2014Important for Exam: 70 people agreed

Internet user base in India projected to reach 243 million by June 2014:

IAMAI

Agriculture Ministry issued guidelines on National

Mission on Oil seeds and Oil PalmPublished on: 31-JAN-2014Important 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 oi l importer in the

WorldPublished on: 31-JAN-2014Important for Exam: 442 people agreed


23/113

India overtook Japan to become the third largest crude oil importer in the

World.

India ranked lowest in International Intellectual

Property IndexPublished on: 29-JAN-2014Important 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 FundPublished on: 28-JAN-2014Important 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 airwavesPublished on: 28-JAN-2014


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 percentPublished on: 28-JAN-2014Important 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

NBFCsPublished on: 24-JAN-2014Important for Exam: 85 people agreed


24/113

The Reserve Bank of India (RBI) issued guidelines for loans restructured

by non-banking finance companies (NBFCs) on 23 January 2014.

Finance Ministry nod for 1000 rupees minimum

monthly pension planPublished on: 24-JAN-2014Important 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:

RBIPublished on: 23-JAN-2014Important 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 January 2014.

SEBI asked depositories to set up IT Strategy PanelsPublished on: 23-JAN-2014Important for Exam: 15 people agreed

SEBI has asked depositories to formulate information technology panelsat board level with a view to strengthen IT governance framework of

systems.

Indian economy to grow by 6 percent: CRISILPublished on: 23-JAN-2014Important for Exam: 59 people agreed

Ratings and Research firm CRISIL released its Indian Economic

Forecast for 2014-15 on 21 January 2014.India Economic Growth projected to be 4.5 percent by

IMFPublished on: 22-JAN-2014Important for Exam: 86 people agreed


25/113

World Economic Outlook projected Indias Economic Growth at 4.5

percent for 2013-14.

CCEA approved the sale of Governments residual

stake of HZLPublished on: 22-JAN-2014Important 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 PolicyPublished on: 22-JAN-2014Important 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 Moily formed MOT to reassess Hydrocarbon

Resources of IndiaPublished on: 21-JAN-2014Important 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 IndiaPublished on: 21-JAN-2014Important 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.


26/113

Government extended Natural Manufacturing Policy

benefits to Industry ClustersPublished on: 20-JAN-2014

Important for Exam: 15 people agreedUnion Government has extended the benefits of the NMP throughout

India to boost manufacturing sector.

Indian Inst itute of Corporate Affairs Signed MoUs with

FICCIPublished on: 18-JAN-2014Important for Exam: 18 people agreed

IICA and FICCI signed MoU to Raise Awareness on CorporateRegulation and Governance and for promoting the Corporate Affairs

Agenda.

Sunanda Pushkar, wife of Union Minister Shashi

Tharoor found dead in a Delhi hotelPublished on: 18-JAN-2014Important 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 KoreaPublished on: 18-JAN-2014Important 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 OILPublished on: 17-JAN-2014Important for Exam: 20 people agreed


27/113

Empowered Group of Ministers (EGoM) approved on 16 January 2014,

the sale of 10 percent stake in IOC to ONGC and OIL.

Guidelines on New Land Policy for Major Ports of the

Country ReleasedPublished on: 17-JAN-2014Important 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

listPublished on: 16-JAN-2014Important for Exam: 211 people agreed

The Reserve Bank of India (RBI) included Hong Kong and Macau in the

sensitive list.

Wholesale Inflation declined to f ive-month low of 6.16

percent in December 2013Published on: 16-JAN-2014


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

IndustryPublished on: 16-JAN-2014Important 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


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Published on: 15-JAN-2014Important 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 January 2014.

Sudan offered two oil and gas blocks to ONGC at

Petrotech 2014Published on: 15-JAN-2014Important 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 inDecember 2013Published on: 14-JAN-2014Important 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 banksPublished on: 14-JAN-2014Important 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-JAN-2014Important for Exam: 19 people agreed

The IRDA allowed insurance companies to invest in Equity exchange

traded funds and proposed guidelines for such investments.


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IRDA formed Suresh Mathur panel to suggest ways to

improving FDIPublished on: 13-JAN-2014

Important for Exam: 32 people agreedIRDA constituted Suresh Mathur Panel to suggest ways for improving

FDI in insurance sector.

Indian Economy GDP growth rate to be revised for

2011-12Published on: 13-JAN-2014Important for Exam: 20 people agreed

India to revise GDP growth rate from 6.2 to 7 percent for 2011-12 tocorrect the anomaly in industrial output data.

Bank of Japan and RBI concluded an agreement to

raise BSA to 50 billion dol larPublished on: 13-JAN-2014Important 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 2013Published on: 11-JAN-2014Important 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 FormulaPublished on: 11-JAN-2014Important for Exam: 19 people agreed


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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 rulesPublished on: 10-JAN-2014Important for Exam: 39 people agreed

The Reserve Bank of India relaxed the rules of Foreign Direct

Investment

SEBI notified stricter Settlement System for serious

offencesPublished on: 10-JAN-2014Important 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 only in Special Cases in

Pharma FDIPublished on: 10-JAN-2014Important 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 MinistryPublished on: 10-JAN-2014Important for Exam: 21 people agreed

The Kelkar Committee submitted the first part of its report on 8 January2014.

SEBI barred cash Transactions in Collective

Investment Schemes to check launderingPublished on: 10-JAN-2014


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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-JAN-2014Important 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 hugeinvestments are made: SCPublished on: 09-JAN-2014Important 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

loanPublished on: 09-JAN-2014Important 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 gasPublished on: 08-JAN-2014Important 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.


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Indias International Investment Position of Quarter

ended September 2013 releasedPublished on: 08-JAN-2014

Important for Exam: 17 people agreedRBI 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 PradeshPublished on: 07-JAN-2014Important 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 Enti ty

IdentifierPublished on: 07-JAN-2014Important 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 January 2014.

RBI allowed Indian companies to issue non-

convertible debenturesPublished on: 07-JAN-2014Important 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 & Acquisit ions declined by 11.5 percent in

2013Published on: 04-JAN-2014Important for Exam: 18 people agreed


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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

RRSMPPublished on: 04-JAN-2014Important 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 CRISILPublished on: 03-JAN-2014Important for Exam: 84 people agreed

Indian credit-rating agency CRISIL launched a Financial Inclusix Index

2013 on 2 January 2014.

Price of the Non-subsidized LPG hiked by 220 rupees

per cylinderPublished on: 02-JAN-2014Important 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 proposalsPublished on: 31-DEC-2013Important for Exam: 263 people agreed

Union Finance minister told the regulators to implement FSLRC report.

8TH Financial Stability Report released by RBIPublished on: 31-DEC-2013Important for Exam: 149 people agreed


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8TH Financial Stability Report (FSR) released by the Reserve Bank of

India (RBI).

CIIs Business Confidence Index revealed signs of

economic turnaroundPublished on: 31-DEC-2013Important 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

ProjectsPublished on: 30-DEC-2013Important 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 arrearsPublished on: 26-DEC-2013Important 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 BondsPublished on: 26-DEC-2013Important for Exam: 90 people agreed

RBI has launched an inflation indexed saving bonds that offersprotection to retail investors from price rise.

Direct transfer of Cash subsidy on kerosene to be

launched soonPublished on: 24-DEC-2013


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Cash subsidy on kerosene to be launced soon by government of India.

CRISIL said Fiscal defici t to touch 5.2% in FY14

Published on: 24-DEC-2013Important for Exam: 101 people agreed

Fiscal deficit to touch 5.2% in FY2014 : Report by CRISIL.

Publ ic Sector Banks directed by the Union Finance

Ministry to act as Insurance BrokersPublished on: 24-DEC-2013Important for Exam: 30 people agreed

The finance Ministry on 23 December 2013 directed public sector banks

(PSBs) to act as insurance brokers from 15 January 2014.

5 percent growth in Indirect tax collections during

April-November periodPublished on: 23-DEC-2013Important 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% ti ll 20December of FY 2013-14Published on: 22-DEC-2013Important 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


The Cabinet approved free trade agreement between India and the

Association of South East Asian Nations (ASEAN) on 19 December

2013.


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CCEA allowed CIL to pump gas from CBM minesPublished on: 20-DEC-2013Important for Exam: 15 people agreed

CCEA allowed CIL to pump Coal Bed Methane from coal mines.CCEA allowed RIL to sell gas at higher pr ice with bank

guaranteePublished on: 20-DEC-2013Important 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 membersof the Debt SegmentPublished on: 20-DEC-2013Important 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 pricesPublished on: 20-DEC-2013Important 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

IndustryPublished on: 20-DEC-2013Important 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.


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RBI and Bank of Japan agreed to tr iple the currency

swap agreement to 50 bil lion dollarPublished on: 19-DEC-2013

Important for Exam: 36 people agreedCurrency swap agreement between India and Japan enhanced to 50

billion dollars from 15 billion dollars.

SEBI exempted Government from making open offer

to IOB shareholdersPublished on: 19-DEC-2013Important for Exam: 27 people agreed

SEBI exempted the Government from making an offer to publicshareholders for acquiring the shares of the Indian Overseas Bank

(IOB).

Repo Rate kept unchanged by RBI in Mid-Quarter

Monetary Policy ReviewPublished on: 18-DEC-2013Important 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 2013Published on: 18-DEC-2013Important 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

KolkataPublished on: 15-DEC-2013Important for Exam: 8 people agreed


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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 bil lion dollarPublished on: 14-DEC-2013Important for Exam: 2 people agreed

Indias trade deficit with China touched a record 29.5 billion dollar in the

period January 2013 to November 2013.

Inflation soared up to 11.24%, industrial production

shrank to 1.8%Published on: 13-DEC-2013Important 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 sectorPublished on: 13-DEC-2013


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 SEBIPublished on: 12-DEC-2013Important 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


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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 TreatyPublished on: 11-DEC-2013Important 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 approvalPublished on: 10-DEC-2013Important 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

CompaniesPublished on: 07-DEC-2013Important 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 toSugar IndustryPublished on: 07-DEC-2013Important for Exam: 37 people agreed


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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 ProjectsPublished on: 04-DEC-2013Important 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 SectorPublished on: 04-DEC-2013Important 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 Defici t falls to 5.2 bill ion dollars in

the July-September quarter of 2013-14Published on: 03-DEC-2013Important 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 July-September quarter of 2013-14.

RBI relaxed the norms for participation of NBFCs in

Insurance Joint VenturesPublished on: 29-NOV-2013Important for Exam: 87 people agreed

RBI has relaxed the norms for participation of Non-Banking Finance

Companies in the insurance joint ventures.


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RBI to banks: Charge customers on actual usage of

SMS alertsPublished on: 27-NOV-2013

Important for Exam: 10 people agreedThe 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 SectorPublished on: 27-NOV-2013Important for Exam: 19 people agreed

Reserve Bank of India on 26 November 2013 allowed banks to treatloans given to medium manufacturing enterprises as priority sector

advance.

RBI widened definit ion of Infrastructure lending Sub

CategoryPublished on: 26-NOV-2013Important 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 APEDAPublished on: 26-NOV-2013Important 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 CorpusPublished on: 22-NOV-2013Important for Exam: 2 people agreed


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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 percentPublished on: 20-NOV-2013Important 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 InvestmentPublished on: 20-NOV-2013Important 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.

Bharatiya Mahila Bank launched by Prime Minister of

IndiaPublished on: 20-NOV-2013Important 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 MSMEPublished on: 19-NOV-2013Important 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.


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Election Commission allowed the launch of 1st all-

women Bharatiya Mahila BankPublished on: 19-NOV-2013

Important for Exam: 3 people agreedThe Election Commission has allowed the launch of the first all women

Bharatiya Mahila Bank in the country.

Government announced the Provision for Higher

Sugar ExportPublished on: 16-NOV-2013Important for Exam: 42 people agreed

Government announced the provision of higher export of sugar withdomestic becoming surplus.

Government Introduced Risk Management System

(RMS) for Trade Facilitation in Export SectorPublished on: 13-NOV-2013Important 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

2013Published on: 13-NOV-2013Important 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


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Published on: 09-NOV-2013Important 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 Apri l-October in

2013-14 up by 11.58 PercentPublished on: 07-NOV-2013Important 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 banksPublished on: 07-NOV-2013Important 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 decl ined by 47.5PercentPublished on: 05-NOV-2013Important 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 pumpsPublished on: 05-NOV-2013Important 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.


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Bhubaneswar and Imphal airports were Declared as

International AirportsPublished on: 31-OCT-2013

Important for Exam: 124 people agreedThe 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 Texti les

IndustryPublished on: 31-OCT-2013Important for Exam: 63 people agreed

The CCEA approved the launching of the new IPDS during the 12th fiveyear plan to address the environmental concerns faced by textile units.

RBI Allowed Banks to Revise Periodicity of Interest

PaymentsPublished on: 29-OCT-2013Important 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-2013Important 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

Bil lion US DollarsPublished on: 26-OCT-2013Important for Exam: 29 people agreed


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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 ProjectPublished on: 26-OCT-2013Important 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

Bil lion US DollarsPublished on: 20-OCT-2013Important 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 QuintalPublished on: 17-OCT-2013Important 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 Mil lionPublished on: 15-OCT-2013Important for Exam: 24 people agreed

Total Broadband subscriber base in India increased from 15.19 million at

the end of June 2013 to 15.24 million at the end of July 2013


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Inflation Increased to 6.46 percent in September 2013;

Highest in Seven MonthsPublished on: 15-OCT-2013

Important for Exam: 58 people agreedWholesale 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 MillionPublished on: 13-OCT-2013


Telecom Regulatory Authority of India released the latest telecom

subscription data on 31 July 2013

China and EU Signed a Bilateral Currency Swap

AgreementPublished on: 11-OCT-2013Important 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 Bil lion Dollar offshore Rupee Bond

Programme to Strengthen Indias Capital MarketsPublished on: 10-OCT-2013Important 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 Mill ion Tonnes of

Freight During Apri lSeptember 2013


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Published on: 10-OCT-2013Important 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 RoutePublished on: 09-OCT-2013Important for Exam: 83 people agreed

India and Japan 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 Estimatedat 80126.24 Mil lion US DollarsPublished on: 09-OCT-2013Important 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 RupeesPublished on: 08-OCT-2013Important 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 Apri l-September 2013Published on: 08-OCT-2013Important 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


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RBI reduced the MSF Rate to 9 Percent from 9.5

PercentPublished on: 08-OCT-2013

Important for Exam: 112 people agreedThe 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 Bil lion US

Dollars to 276.26 Billion US DollarsPublished on: 06-OCT-2013Important for Exam: 16 people agreed

India's foreign exchange (forex) reserves fell by 1.11 billion US dollars to276.26 billion US dollars for the week ended on 27 September 2013

SEBI approved Major Reforms to Attract Overseas

InvestorsPublished on: 06-OCT-2013Important 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 61.4050Published on: 05-OCT-2013Important 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

PalmPublished on: 04-OCT-2013Important for Exam: 26 people agreed


50/113

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 Texti le

Parks Scheme in 12th Five Year PlanPublished on: 04-OCT-2013Important 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-2013Important for Exam: 173 people agreed

Jet-Etihad deal was approved by SEBI (Securities Exchange Board of

India) on 1 October 2013

The Government notif ied GAAR (General Anti

Avoidance Rules)Published on: 27-SEP-2013Important 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 GoodsPublished on: 26-SEP-2013Important 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.


51/113

CCEA approved the Methodology for Coal Block

AuctionPublished on: 25-SEP-2013

Important for Exam: 26 people agreedCCEA 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

AbroadPublished on: 25-SEP-2013Important for Exam: 87 people agreed

The Reserve Bank of India on 24 September 2013 relaxed trade creditnorms to raise funds from abroad

Cabinet Committee on Economic Affairs Took Steps

For Operationalisation of Infrastructure Debt FundsPublished on: 25-SEP-2013Important 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 InclusionPublished on: 24-SEP-2013Important 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


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Published on: 23-SEP-2013Important 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 DownPublished on: 21-SEP-2013Important 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 ci tiesPublished on: 20-SEP-2013Important 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.

Bhartiya Mahila Bank Started Recruitment ProcessPublished on: 19-SEP-2013Important 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 AgreementPublished on: 19-SEP-2013Important for Exam: 93 people agreed

The Government of India signed an agreement with Latvia on Double

Tax Avoidance Agreement (DTAA).


53/113

Net direct tax col lections increased by 12.5 percent for

the current financial yearPublished on: 19-SEP-2013

Important for Exam: 106 people agreedNet direct tax collections increased by 12.5 percent for the current

financial year

Union Minister of Finance Announced Austerity

Measures to Contain Rising Fiscal DeficitPublished on: 19-SEP-2013Important for Exam: 40 people agreed

P. Chidambaram on 18 September 2013 announced strictnessmeasures 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 MonthsPublished on: 19-SEP-2013Important 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

GoldPublished on: 18-SEP-2013Important 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 garlandsPublished on: 17-SEP-2013Important for Exam: 95 people agreed

public not to use bank notes for making garlands


54/113

Union Government slashed Import Tariff Value of Gold

and SilverPublished on: 16-SEP-2013

Important for Exam: 31 people agreedThe 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 investorsPublished on: 13-SEP-2013Important 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 July 2013Published on: 13-SEP-2013Important 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 Bil lion $in the World Bank BondsPublished on: 13-SEP-2013Important 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 toGrow at 5.3 Percent in 2013-14Published on: 13-SEP-2013Important for Exam: 80 people agreed


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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 FamiliesPublished on: 13-SEP-2013Important 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 FrameworkPublished on: 13-SEP-2013Important 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 PolicyPublished on: 12-SEP-2013Important for Exam: 54 people agreed

The Union Government of India on 10 September 2013 notified changesin the FDI policy

Russia Lifted Ban on Import of Non-Basmati Rice and

Oilseeds from IndiaPublished on: 11-SEP-2013Important 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 MinistryPublished on: 10-SEP-2013Important for Exam: 82 people agreed


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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 bil lion US dollarPublished on: 10-SEP-2013Important for Exam: 67 people agreed

Bilateral Currency Swap Arrangements between India and Japan

expanded to 50 billion US dollars.

SEBI barred 34 entities of Capital Market for

Fraudulent DealingsPublished on: 09-SEP-2013Important 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 Sharply by 81 Percent in

August 2013Published on: 09-SEP-2013Important 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 WindowPublished on: 09-SEP-2013Important for Exam: 180 people agreed

The norms related to Currency Swap Window were issued by theReserve Bank of India in Mumbai. Currency Swap facility will be

available to Scheduled Banks.

RBI Revised Gold Import Norms to Contain CADPublished on: 07-SEP-2013


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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 Sharesunder FDI SchemePublished on: 07-SEP-2013Important 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 SectorOil Marketing CompaniesPublished on: 31-AUG-2013Important 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 YearsPublished on: 31-AUG-2013Important 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 60Published on: 31-AUG-2013Important for Exam: 117 people agreed

RBI permitted premature encashment of 8% savings of taxable bonds for

investors of 60 years and above.


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CCEA approved Continuation of Technology

Upgradation Fund SchemePublished on: 30-AUG-2013

Important for Exam: 31 people agreedCabinet 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 RupeesPublished on: 29-AUG-2013Important for Exam: 51 people agreed

The Cabinet Committee on Investment (CCI) on 26 August 2013 cleared36 projects worth 1.83 lakh crore rupees.

RBI Released the Discussion Paper on Banking

Structure in India The Way ForwardPublished on: 28-AUG-2013Important 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 2012Published on: 27-AUG-2013Important 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 Bil lsPublished on: 25-AUG-2013Important for Exam: 130 people agreed


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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 GuidelinesPublished on: 25-AUG-2013Important 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 LendingPublished on: 21-AUG-2013Important 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 TravellersPublished on: 20-AUG-2013Important 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 RupeesPublished on: 18-AUG-2013Important for Exam: 27 people agreed

Gold price on 17 August 2013 jumped by 700 rupees in Kolkata afterstocks and money markets melted

Government imposed MEP of 650 US Dollars per

Tonne on OnionPublished on: 17-AUG-2013


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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 10Percent by Central GovernmentPublished on: 16-AUG-2013Important 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 TaxAdministration Reform CommissionPublished on: 16-AUG-2013Important 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 AprilJuly 2013Published on: 13-AUG-2013Important 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 July 2013 were valued at

25834.46 Mil lion US DollarsPublished on: 12-AUG-2013Important for Exam: 47 people agreed

India's exports in July 2013 were valued at 25834.46 million US dollars


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Railway Revenue Earnings up by 10.74 Per Cent

during April-July 2013Published on: 12-AUG-2013

Important for Exam: 19 people agreedThe total approximate earnings of Indian Railways on originating basis

during 1 April to 31 July 2013 were 44260.16 crore rupees

India's Foreign Exchange Reserves went down to

277.167 bil lion US dollarsPublished on: 10-AUG-2013Important for Exam: 73 people agreed

Foreign exchange reserves of India has fallen by 2.995 billion US dollarsto 277.167 billion US dollars.

RBI announced Weekly Sale of Government Bonds to

Check Fall in Rupee PricePublished on: 10-AUG-2013Important 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 WheatPublished on: 09-AUG-2013Important 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 RupeesPublished on: 07-AUG-2013Important for Exam: 47 people agreed


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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 BranPublished on: 06-AUG-2013Important 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 PlanPublished on: 05-AUG-2013Important 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 CorporationPublished on: 03-AUG-2013Important 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 FundPublished on: 03-AUG-2013Important 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.


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Union Cabinet to continue Interest Subvention of 3

Percent on Crop Loans to FarmersPublished on: 02-AUG-2013

Important for Exam: 37 people agreedThe 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

PercentPublished on: 02-AUG-2013Important for Exam: 77 people agreed

INS on 2 August 2013 approved a proposal to increase FDI from 26percent to 49 percent in print media.

Government eased the Norms for FDI in Multi -Brand

RetailPublished on: 02-AUG-2013Important 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 PercentPublished on: 01-AUG-2013Important for Exam: 56 people agreed

The Union government of India on 31 July 2013 decided to enhance the

rate of interest subvention scheme for exports.

RBI released the First Quarter Review of Monetary

Policy for 2013-14Published on: 30-JUL-2013Important for Exam: 388 people agreed


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RBI released the First Quarter Review of Monetary Policy for 2013-14 on

30 July 2013.

India, Saudi Arabia decided to set up Saudi-Indian

Business Network (SIBN) in Riyadh and DammamPublished on: 26-JUL-2013Important for Exam: 107 people agreed

India and Saudi Arabia on 24 July 2013 have decided to set up a Saudi-

India Business Network (SIBN) separately in Riyadh and Dammam.

India achieved a Record Production of PulsesPublished on: 23-JUL-2013

Important for Exam: 44 people agreedIndia achieved a record production of 18.45 million tonnes of pulses in

the 2012-13 crop year ended June 2013.

RBI reduced Realisation Period for Exporters to Nine

MonthsPublished on: 23-JUL-2013Important for Exam: 99 people agreed

The Reserve bank of India on 21 July 2013 brought down the period ofrealisation of goods and software to nine months from earlier 12 months.

Reserve Bank of India imposed Restrictions on

Imports of GoldPublished on: 23-JUL-2013Important for Exam: 87 people agreed

The Reserve Bank of India on 22 July 2013 imposed certain restrictions

on the import of various forms of gold.

Revived New Bhopal Texti le Mills of National Texti le

Corporation InauguratedPublished on: 23-JUL-2013Important for Exam: 19 people agreed


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The Union Minister of Textiles, K Sambasiva Rao on 22 July 2013

inaugurated the New Bhopal Textile Mills of NTC in Bhopal.

President of India promulgated the Securities Laws

(Amendment) Ordinance 2013Published on: 21-JUL-2013Important 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 MoUsPublished on: 21-JUL-2013Important 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 Bill ion US DollarsPublished on: 20-JUL-2013Important for Exam: 65 people agreed

RBI on 20 July 2013 stated that Indias foreign exchange reserves

increased by 21.1 million US dollars.

India signed agreement with Asian Development Bank

for 60 mil lion Dollars loan for NKUSIPPublished on: 20-JUL-2013Important for Exam: 44 people agreed

India signed an agreement with Asian Development Bank (ADB) on 19

July 2013 for a 60 million dollars loan as to improve urban services.


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RBI opened 25000-crores Rupees Special Liquidity

Window for Mutual FundsPublished on: 18-JUL-2013

Important for Exam: 81 people agreedThe Reserve Bank of India (RBI) on 17 July 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

PowersPublished on: 18-JUL-2013


The Union government on 17 July 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

percentPublished on: 17-JUL-2013


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

2013-14Published on: 16-JUL-2013Important 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.


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RBI announced slew of measures to curb Rupee

VolatilityPublished on: 16-JUL-2013

Important for Exam: 140 people agreedReserve Bank of India (RBI) on 15 July 2013 announced measures to

deal with rupee volatility.

RBI fined 22 banks for violating KYC and Anti -Money

Laundering NormsPublished on: 15-JUL-2013Important for Exam: 138 people agreed

RBI on 15 July 2013 imposed fines of around 49.5 crore on 22 privateand public sector banks for violating KYC/anti-money laundering norms.

FDI increased into India to 2.32 Bil lion US Dollars in

April 2013Published on: 15-JUL-2013Important 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 DollarsPublished on: 15-JUL-2013Important for Exam: 16 people agreed

Indias exports during June 2013 were valued at 23785.64 million US

dollars (138901.73 crore rupees).

Visa on Arrival Scheme registered 22.9 % Growth in

June 2013Published on: 13-JUL-2013Important for Exam: 54 people agreed


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India witnessed a rise of 22.9 % growth in Visa on Arrival Scheme in

June 2013 as compared to June 2012. Japanese Tourists availed

maximum facility.

CCEA approved Modified Industr ial Infrastructure

Upgradation SchemePublished on: 12-JUL-2013Important for Exam: 36 people agreed

The government on 12 July 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 MonthsPublished on: 11-JUL-2013Important for Exam: 32 people agreed

Jewellery retailers across India on 10 July 2013 decided to suspend sale

of gold coins and bars for six months.

CCEA approved Disinvestment of government stake in

State Trading Corporation and ITDCPublished on: 11-JUL-2013Important for Exam: 20 people agreed

The Cabinet Committee on Economic Affairs (CCEA) on 11 July 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 percentPublished on: 10-JUL-2013Important for Exam: 40 people agreed


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Direct Tax Collection of April-June quarter o

CA Economics From Jan 2013

Documents

Transcript of CA Economics From Jan 2013