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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
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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.
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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
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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
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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
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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
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 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
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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.
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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
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 restric ted to
normal trading category: SEBIPublished 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: 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.
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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
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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.
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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
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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
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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
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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
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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
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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
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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.
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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
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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.
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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
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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
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 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
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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
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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.
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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
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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
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
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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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-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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Important for Exam: 57 people agreed
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
Published on: 21-DEC-2013Important 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.
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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
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 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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Published on: 11-DEC-2013Important 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 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
Important for Exam: 27 people agreed
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
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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.
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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).
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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
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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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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 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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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 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
Important for Exam: 47 people agreed
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
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
2013-14Published 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
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