jan-sept current affairs economy 2013

7/27/2019 Jan-Sept Current Affairs Economy 2013

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The Government notified GAAR (General Anti Avoidance Rules)

Published on: 27-SEP-2013The Union government of India on 26 September 2013 notified GAAR (General Anti AvoidanceRules)RBI Banned Zero Percent Interest Rate Schemes for Purchase of Consumer Goods

Published on: 26-SEP-2013Reserve Bank of India on 25 September 2013 banned zero per cent interest rate schemes for purchase

of consumer goods.CCEA approved the Methodology for Coal Block Auction

Published on: 25-SEP-2013CCEA on 24 September 2013 approved the methodology for auction by competitive bidding of thecoal blocksRBI relaxed Trade Credit Norms to raise Funds from Abroad

Published on: 25-SEP-2013The Reserve Bank of India on 24 September 2013 relaxed trade credit norms to raise funds fromabroadCabinet Committee on Economic Affairs Took Steps For Operationalisation of Infrastructure

Debt Funds

Published on: 25-SEP-2013The Cabinet Committee on Economic Affairs on 23 September 2013 took some steps to promote theoperationalisation of Infrastructure Debt Funds (IDFs).RBI Announced Committee to Frame Vision for Financial Inclusion

Published on: 24-SEP-2013RBI on 23 September 2013 announced the appointment of a Committee on Comprehensive FinancialServices for Small Businesses and Low-Income Households.Foundation of MEMU Coach Factory was laid at Bhilwara

Published on: 23-SEP-2013The 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-2013RBI on 20 September 2013 increased the repo rate or the short term lending rate by 25 basis points to7.5 per cent from 7.25 per cent with immediate effect.RBI liberalised norms for banks to open branches in Tier I cities

Published on: 20-SEP-2013Reserve Bank of India (RBI) on 19 September 2013 announced that banks can open their branches intier 1 centers without taking its permission in each case.Bhartiya Mahila Bank Started Recruitment Process

Published on: 19-SEP-2013Bhartiya Mahila Bank, the first nationalised bank for women expected to be operational from

November 2013.India and Latvia signed agreement on Double Tax Avoidance Agreement

Published on: 19-SEP-2013The Government of India signed an agreement with Latvia on Double Tax Avoidance Agreement(DTAA).

Net direct tax collections increased by 12.5 percent for the current financial year

Published on: 19-SEP-2013Net direct tax collections increased by 12.5 percent for the current financial year
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Union Minister of Finance Announced Austerity Measures to Contain Rising Fiscal Deficit

Published on: 19-SEP-2013P. Chidambaram on 18 September 2013 announced strictness measures such as a slash in the non-plan expenditure by 10 percent to contain fiscal deficit.Inflation Increased to 6.1 percent in August 2013; Highest in Six Months

Published on: 19-SEP-2013Inflation Increased to 6.1percent in August 2013; Highest in Six Months

Union Government of India Hiked the Import Duty on GoldPublished on: 18-SEP-2013The Union Government of India hiked the import duty on gold from 10 percent to 15 percentRBI appealed against currency garlands

Published on: 17-SEP-2013public not to use bank notes for making garlandsUnion Government slashed Import Tariff Value of Gold and Silver

Published on: 16-SEP-2013The Union Government has further slashed the import tariff value of gold to 432 dollars per 10 gramsand silver to 736 dollars per kilogram.SEBI relaxed KYC norms for foreign investors

Published on: 13-SEP-2013Securities and Exchange Board of India (SEBI) on 12 September 2013 issued the new Guideline tomake Know Your Client requirements (KYC).Industrial output increased by 2.6 percent in July 2013

Published on: 13-SEP-2013Index of Industrial Production (IIP) with base year (2004-2005=100) released the data on Industrialoutput on 12 September 2013.Cabinet approved the proposal to invest 4.3 Billion $ in the World Bank Bonds

Published on: 13-SEP-2013Union Cabinet approved a proposal to invest in the bonds of the World Bank Group. It also approvedproposal to set two semiconductor manufacturing facilities.

Economic Outlook 2013-14 Released:Economy to Grow at 5.3 Percent in 2013-14Published on: 13-SEP-2013The Economic Advisory Council to the Prime Minister on 13 September 2013 released the documentEconomic Outlook 2013-14CCEA allocated Additional Five Million Tonnes of Foodgrains to BPL Families

Published on: 13-SEP-2013CCEA approved an additional allocation of five million tonnes of foodgrains to families below thepoverty line (BPL)RBI constituted Expert Committee to revise and strengthen Monetary Policy Framework

Published on: 13-SEP-2013RBI has constituted an expert committee to examine its Current Monetary Policy Framework. It will

be headed by Dr. Urjit Patel.The Government Notified Changes in the FDI Policy

Published on: 12-SEP-2013The Union Government of India on 10 September 2013 notified changes in the FDI policy

Russia Lifted Ban on Import of Non-Basmati Rice and Oilseeds from India

Published on: 11-SEP-2013
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Russia lifted the ban on import of non-basmati rice from India on 10 September 2013. It also liftedthe ban on the oilseeds.Forward Markets Commissions Administrative Control shifted to Finance Ministry

Published on: 10-SEP-2013The control of Forward Markets Commission was transferred to Ministry of Finance fromDepartment of Consumer Affairs under the Ministry of Food.Currency Swap Arrangement with Japan enhanced to 50 billion US dollar

Published on: 10-SEP-2013Bilateral Currency Swap Arrangements between India and Japan expanded to 50 billion US dollars.SEBI barred 34 entities of Capital Market for Fraudulent Dealings

Published on: 09-SEP-2013SEBI 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 2013

Published on: 09-SEP-2013India's onion exports fell sharply by 81 percent to 29247 tonnes in August 2013 as compared withAugust 2012RBI issued norms for Currency Swap Window

Published on: 09-SEP-2013The norms related to Currency Swap Window were issued by the Reserve Bank of India in Mumbai.Currency Swap facility will be available to Scheduled Banks.RBI Revised Gold Import Norms to Contain CAD

Published on: 07-SEP-2013To contain the current account deficit, RBI announced some measures to curb the demand for gold inthe month of September 2013...RBI allowed the Non-Resident Investors to buy Shares under FDI Scheme

Published on: 07-SEP-2013RBI allowed Non-Resident Investors to purchase shares of Indian entities Under FDI Scheme. Theycan buy shares from listed stock exchanges.

RBI introduced Forex Swap Window for Public Sector Oil Marketing Companies Published on: 31-AUG-2013Forex Swap Window for Public Sector Oil Marketing Companies introduced by RBI. This will helpthe oil companies in meeting daily $ requirements.Indias GDP Dropped to 4.4 Percent; Lowest in 4 Years

Published on: 31-AUG-2013The Gross Domestic Product (GDP) growth of India decelerated even more to 4.4 percent, theslowest rate of expansion since 2008 economic meltdown.RBI allowed premature encashment of 8% Savings Bonds for Investors above 60

Published on: 31-AUG-2013RBI permitted premature encashment of 8% savings of taxable bonds for investors of 60 years and

above.CCEA approved Continuation of Technology Upgradation Fund Scheme

Published on: 30-AUG-2013Cabinet Committee on Economic Affairs gave its approval for continuing the TechnologyUpgradation Fund Scheme during the 12th Plan period

CCI cleared stalled Infra Projects worth 1.83 Lakh Crore Rupees

Published on: 29-AUG-2013
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The Cabinet Committee on Investment (CCI) on 26 August 2013 cleared 36 projects worth 1.83 lakhcrore rupees.RBI Released the Discussion Paper on Banking Structure in India The Way Forward

Published on: 28-AUG-2013The Reserve Bank of India on 27 August 2013 released the Discussion Paper on Banking Structurein India The Way Forward.The Number of Foreign Tourists in India increased to 207.31 Lakh in 2012

Published on: 27-AUG-2013The number of foreign tourists visiting India has shown a steady increase in the past three yearsRBI announced auction of two 48-days Government of India Cash Management Bills

Published on: 25-AUG-2013RBI announced auction of two 48-days Government of India Cash Management Bills worth 22000crore rupees.RBI imposed Monetary Penalty on 6 Banks for violation of KYC Guidelines

Published on: 25-AUG-2013The Reserve Bank of India imposed monetary penalty on six banks for violation of the Know YourCustomer (KYC)/Anti Money Laundering guidelines.RBI Further relaxed SLR to provide More Funds to Banks for Lending

Published on: 21-AUG-2013The Reserve Bank of India (RBI) further relaxed the Statutory Liquidity Ratio (SLR)Government of India Banned Duty-Free Import of Flat Screen TVs by Air Travellers

Published on: 20-AUG-2013The Union Government of India on 19 August 2013 banned duty-free import of flat screen televisionsby people who travel through air.Gold Prices hit Eight-Month High at 31760 Rupees

Published on: 18-AUG-2013Gold price on 17 August 2013 jumped by 700 rupees in Kolkata after stocks and money marketsmeltedGovernment imposed MEP of 650 US Dollars per Tonne on Onion

Published on: 17-AUG-2013Government on 17 August 2013 notified imposition of a minimum export price (MEP) of 650 USdollars per tonneImport Duty on Gold, Silver & Platinum hiked to 10 Percent by Central Government

Published on: 16-AUG-2013The Central Government on 13 August 2013 raised customs duty on gold, silver and platinum to 10percent in a bid to curb the burgeoning Current Account Deficit.Union Cabinet approved Setting up of Tax Administration Reform Commission

Published on: 16-AUG-2013The Union Cabinet on 13 August 2013 approved the proposal for setting up of the TaxAdministration Reform Commission to establish a stable tax administration.

Indian Railways Carried 343 Million Tonnes of Freight during AprilJuly 2013Published on: 13-AUG-2013As per the data released by Ministry of Railways on 13 August 2013, Indian Railways carried 343million tonnes of freightIndia's Exports during July 2013 were valued at 25834.46 Million US Dollars

Published on: 12-AUG-2013India's exports in July 2013 were valued at 25834.46 million US dollars

Railway Revenue Earnings up by 10.74 Per Cent during April-July 2013

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The total approximate earnings of Indian Railways on originating basis during 1 April to 31 July2013 were 44260.16 crore rupeesIndia's Foreign Exchange Reserves went down to 277.167 billion US dollars

Published on: 10-AUG-2013Foreign exchange reserves of India has fallen by 2.995 billion US dollars to 277.167 billion USdollars.RBI announced Weekly Sale of Government Bonds to Check Fall in Rupee Price

Published on: 10-AUG-2013RBI has decided to sell Government Bonds worth 22000 crore rupees every Monday to checkvolatility in the foreign exchange market.CCEA approved export of additional 2 million tonnes of Wheat

Published on: 09-AUG-2013CCEA on 8 August approved export of additional 2 million tonnes of wheat from godowns of FCI.Foreign Investment Promotion Board Cleared 12 FDI Proposals Worth 343 Crore Rupees

Published on: 07-AUG-2013The Government of India cleared 12 FDI proposals worth 343 crore rupees. 3 proposals were rejectedand 6 proposals were kept in abeyance.The Union Government of India Slashed Customs Duty on Import of Rice Bran

Published on: 06-AUG-2013Customs Duty on the import of rice bran and rice bran oil cake was scraped completely by theGovernment through notification in August 2013.CCEA approved continuation of Rajiv Gandhi Grameen Vidyutikaran Yojana in 12th Plan

Published on: 05-AUG-2013Proposal of the Ministry of Power for continuation of the RGGVY during the 12th Plan period wasapproved by the CCEA.Cabinet cleared Disinvestment of 10 percent in Indian Oil Corporation

Published on: 03-AUG-2013The CCEA on 1 August 2013 approved the proposal for sale of 10 percent Government stake inIndian Oil Corporation (IOC).

CCEA approved Creation of the Special National Investment FundPublished on: 03-AUG-2013CCEA approved the creation of the Special National Investment Fund. Its objective is to meet theminimum public shareholding of 10% in 6 CPSEs.Union Cabinet to continue Interest Subvention of 3 Percent on Crop Loans to Farmers

Published on: 02-AUG-2013The Union Cabinet of India on 2 August 2013 decided to continue the interest subvention of three percent on crop loans.FDI to increase in Print Media from 26 Percent to 49 Percent

Published on: 02-AUG-2013INS on 2 August 2013 approved a proposal to increase FDI from 26 percent to 49 percent in print

media.Government eased the Norms for FDI in Multi-Brand Retail

Published on: 02-AUG-2013Union Cabinet eased the FDI norms for multi-brand retail chains. It also widened the scope of thedefinition of terms, Small and Control.

The Rate of Interest Subvention Scheme for Exports Increased to Three Percent

http://www.jagranjosh.com/current-affairs/indias-foreign-exchange-reserves-went-down-to-277167-billion-us-dollars-1376126389-1http://www.jagranjosh.com/current-affairs/rbi-announced-weekly-sale-of-government-bonds-to-check-fall-in-rupee-price-1376111260-1http://www.jagranjosh.com/current-affairs/ccea-approved-export-of-additional-2-million-tonnes-of-wheat-1376048218-1http://www.jagranjosh.com/current-affairs/foreign-investment-promotion-board-cleared-12-fdi-proposals-worth-343-crore-rupees-1375854180-1http://www.jagranjosh.com/current-affairs/the-union-government-of-india-slashed-customs-duty-on-import-of-rice-bran-1375773527-1http://www.jagranjosh.com/current-affairs/ccea-approved-continuation-of-rajiv-gandhi-grameen-vidyutikaran-yojana-in-12th-plan-1375678143-1http://www.jagranjosh.com/current-affairs/cabinet-cleared-disinvestment-of-10-percent-in-indian-oil-corporation-1375520455-1http://www.jagranjosh.com/current-affairs/ccea-approved-creation-of-the-special-national-investment-fund-1375515812-1http://www.jagranjosh.com/current-affairs/union-cabinet-to-continue-interest-subvention-of-3-percent-on-crop-loans-to-farmers-1375451126-1http://www.jagranjosh.com/current-affairs/fdi-to-increase-in-print-media-from-26-percent-to-49-percent-1375441025-1http://www.jagranjosh.com/current-affairs/government-eased-the-norms-for-fdi-in-multibrand-retail-1375436033-1http://www.jagranjosh.com/current-affairs/government-eased-the-norms-for-fdi-in-multibrand-retail-1375436033-1http://www.jagranjosh.com/current-affairs/the-rate-of-interest-subvention-scheme-for-exports-increased-to-three-percent-1375355980-1http://www.jagranjosh.com/current-affairs/the-rate-of-interest-subvention-scheme-for-exports-increased-to-three-percent-1375355980-1http://www.jagranjosh.com/current-affairs/indias-foreign-exchange-reserves-went-down-to-277167-billion-us-dollars-1376126389-1http://www.jagranjosh.com/current-affairs/rbi-announced-weekly-sale-of-government-bonds-to-check-fall-in-rupee-price-1376111260-1http://www.jagranjosh.com/current-affairs/ccea-approved-export-of-additional-2-million-tonnes-of-wheat-1376048218-1http://www.jagranjosh.com/current-affairs/foreign-investment-promotion-board-cleared-12-fdi-proposals-worth-343-crore-rupees-1375854180-1http://www.jagranjosh.com/current-affairs/the-union-government-of-india-slashed-customs-duty-on-import-of-rice-bran-1375773527-1http://www.jagranjosh.com/current-affairs/ccea-approved-continuation-of-rajiv-gandhi-grameen-vidyutikaran-yojana-in-12th-plan-1375678143-1http://www.jagranjosh.com/current-affairs/cabinet-cleared-disinvestment-of-10-percent-in-indian-oil-corporation-1375520455-1http://www.jagranjosh.com/current-affairs/ccea-approved-creation-of-the-special-national-investment-fund-1375515812-1http://www.jagranjosh.com/current-affairs/union-cabinet-to-continue-interest-subvention-of-3-percent-on-crop-loans-to-farmers-1375451126-1http://www.jagranjosh.com/current-affairs/fdi-to-increase-in-print-media-from-26-percent-to-49-percent-1375441025-1http://www.jagranjosh.com/current-affairs/government-eased-the-norms-for-fdi-in-multibrand-retail-1375436033-1http://www.jagranjosh.com/current-affairs/the-rate-of-interest-subvention-scheme-for-exports-increased-to-three-percent-1375355980-1


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The Union government of India on 31 July 2013 decided to enhance the rate of interest subventionscheme for exports.RBI released the First Quarter Review of Monetary Policy for 2013-14

Published on: 30-JUL-2013RBI 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

Dammam

Published on: 26-JUL-2013India 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 Pulses

Published on: 23-JUL-2013India achieved a record production of 18.45 million tonnes of pulses in the 2012-13 crop year endedJune 2013.RBI reduced Realisation Period for Exporters to Nine Months

Published on: 23-JUL-2013The Reserve bank of India on 21 July 2013 brought down the period of realisation of goods andsoftware to nine months from earlier 12 months.

Reserve Bank of India imposed Restrictions on Imports of GoldPublished on: 23-JUL-2013The Reserve Bank of India on 22 July 2013 imposed certain restrictions on the import of variousforms of gold.Revived New Bhopal Textile Mills of National Textile Corporation Inaugurated

Published on: 23-JUL-2013The Union Minister of Textiles, K Sambasiva Rao on 22 July 2013 inaugurated the New BhopalTextile Mills of NTC in Bhopal.President of India promulgated the Securities Laws (Amendment) Ordinance 2013

Published on: 21-JUL-2013Securities Law Amendment Ordinance 2013 was promulgated by Pranab Mukherjee to provide

powers to SEBI to tackle with fraudulent investment schemes.ICAR and the Industry to Commercialize Agri-Technologies Signed more than 60 MoUs

Published on: 21-JUL-2013ICAR and the Industry to Commercialize Agri-Technologies signed more than 60 MoUs onAgriculture. The MoUs were signed during, Agri-Tech Investors Meet 2013.RBI:Indias Foreign Exchange Reserves increased to 280.19 Billion US Dollars

Published on: 20-JUL-2013RBI on 20 July 2013 stated that Indias foreign exchange reserves increased by 21.1 million USdollars.India signed agreement with Asian Development Bank for 60 million Dollars loan for NKUSIP

Published on: 20-JUL-2013

India signed an agreement with Asian Development Bank (ADB) on 19 July 2013 for a 60 milliondollars loan as to improve urban services.RBI opened 25000-crores Rupees Special Liquidity Window for Mutual Funds

Published on: 18-JUL-2013The Reserve Bank of India (RBI) on 17 July 2013 opened a special liquidity window for commercialbanks to meet the cash requirements of mutual funds (MFs).

Union Govt. approved Proposal to give SEBI more Powers

http://www.jagranjosh.com/current-affairs/rbi-released-the-first-quarter-review-of-monetary-policy-for-201314-1375175151-1http://www.jagranjosh.com/current-affairs/india-saudi-arabia-decided-to-set-up-saudiindian-business-network-sibn-in-riyadh-and-dammam-1374841660-1http://www.jagranjosh.com/current-affairs/india-saudi-arabia-decided-to-set-up-saudiindian-business-network-sibn-in-riyadh-and-dammam-1374841660-1http://www.jagranjosh.com/current-affairs/india-achieved-a-record-production-of-pulses-1374570407-1http://www.jagranjosh.com/current-affairs/rbi-reduced-realisation-period-for-exporters-to-nine-months-1374568032-1http://www.jagranjosh.com/current-affairs/reserve-bank-of-india-imposed-restrictions-on-imports-of-gold-1374560894-1http://www.jagranjosh.com/current-affairs/revived-new-bhopal-textile-mills-of-national-textile-corporation-inaugurated-1374554961-1http://www.jagranjosh.com/current-affairs/president-of-india-promulgated-the-securities-laws-amendment-ordinance-2013-1374390685-1http://www.jagranjosh.com/current-affairs/icar-and-the-industry-to-commercialize-agritechnologies-signed-more-than-60-mous-1374386773-1http://www.jagranjosh.com/current-affairs/rbiindias-foreign-exchange-reserves-increased-to-28019-billion-us-dollars-1374319106-1http://www.jagranjosh.com/current-affairs/india-signed-agreement-with-asian-development-bank-for-60-million-dollars-loan-for-nkusip-1374314303-1http://www.jagranjosh.com/current-affairs/rbi-opened-25000crores-rupees-special-liquidity-window-for-mutual-funds-1374143401-1http://www.jagranjosh.com/current-affairs/union-govt-approved-proposal-to-give-sebi-more-powers-1374130699-1http://www.jagranjosh.com/current-affairs/rbi-released-the-first-quarter-review-of-monetary-policy-for-201314-1375175151-1http://www.jagranjosh.com/current-affairs/india-saudi-arabia-decided-to-set-up-saudiindian-business-network-sibn-in-riyadh-and-dammam-1374841660-1http://www.jagranjosh.com/current-affairs/india-saudi-arabia-decided-to-set-up-saudiindian-business-network-sibn-in-riyadh-and-dammam-1374841660-1http://www.jagranjosh.com/current-affairs/india-achieved-a-record-production-of-pulses-1374570407-1http://www.jagranjosh.com/current-affairs/rbi-reduced-realisation-period-for-exporters-to-nine-months-1374568032-1http://www.jagranjosh.com/current-affairs/reserve-bank-of-india-imposed-restrictions-on-imports-of-gold-1374560894-1http://www.jagranjosh.com/current-affairs/revived-new-bhopal-textile-mills-of-national-textile-corporation-inaugurated-1374554961-1http://www.jagranjosh.com/current-affairs/president-of-india-promulgated-the-securities-laws-amendment-ordinance-2013-1374390685-1http://www.jagranjosh.com/current-affairs/icar-and-the-industry-to-commercialize-agritechnologies-signed-more-than-60-mous-1374386773-1http://www.jagranjosh.com/current-affairs/rbiindias-foreign-exchange-reserves-increased-to-28019-billion-us-dollars-1374319106-1http://www.jagranjosh.com/current-affairs/india-signed-agreement-with-asian-development-bank-for-60-million-dollars-loan-for-nkusip-1374314303-1http://www.jagranjosh.com/current-affairs/rbi-opened-25000crores-rupees-special-liquidity-window-for-mutual-funds-1374143401-1http://www.jagranjosh.com/current-affairs/union-govt-approved-proposal-to-give-sebi-more-powers-1374130699-1


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The Union government on 17 July 2013 approved a proposal to amend SEBI Act for providing morepowers to the market regulator to crack down on Ponzi schemes.Government raised FDI in Telecom Sector to 100 percent

Published on: 17-JUL-2013FDI in Telecom sector raised to 100 percent from 74 percent by the government. However, 49percent of the investment would be routed through automatic route.Government allocated 1200 Crore as SCA to TSP in 2013-14

Published on: 16-JUL-20131200 crore budget allocated for 2013-14, under SCA to TSP. The budget will be used foremployment generation and socio-economic development of Tribals.RBI announced slew of measures to curb Rupee Volatility

Published on: 16-JUL-2013Reserve 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 Norms

Published on: 15-JUL-2013RBI on 15 July 2013 imposed fines of around 49.5 crore on 22 private and public sector banks forviolating KYC/anti-money laundering norms.FDI increased into India to 2.32 Billion US Dollars in April 2013

Published on: 15-JUL-2013FDI into India increased 25 percent year-on-year to 2.32 billion US dollars in April 2013.India's Exports in June 2013 were valued at 23785.64 Million US Dollars

Published on: 15-JUL-2013Indias exports during June 2013 were valued at 23785.64 million US dollars (138901.73 crorerupees).Visa on Arrival Scheme registered 22.9 % Growth in June 2013

Published on: 13-JUL-2013India witnessed a rise of 22.9 % growth in Visa on Arrival Scheme in June 2013 as compared to June2012. Japanese Tourists availed maximum facility.CCEA approved Modified Industrial Infrastructure Upgradation Scheme

Published on: 12-JUL-2013The government on 12 July 2013 approved the Modified Industrial Infrastructure UpgradationScheme (MIIUS) with an outlay of 1030 crore Rupees.Jewellers decided to suspend Sale of Gold Coins for Six Months

Published on: 11-JUL-2013Jewellery retailers across India on 10 July 2013 decided to suspend sale of gold coins and bars for sixmonths.CCEA approved Disinvestment of government stake in State Trading Corporation and ITDC

Published on: 11-JUL-2013The Cabinet Committee on Economic Affairs (CCEA) on 11 July 2013 approved the disinvestment ofgovernment stake in State Trading Corporation and ITDC.

Direct Tax Collection for June Quarter of FY 2013-14 increased by 11.52 percent Published on: 10-JUL-2013Direct Tax Collection of April-June quarter of FY 2013-14 increased by 11.52 percent. Collection ofCorporate Taxes has gone up by 7.82 percent.Cotton Association of India estimated Lower Production of Cotton in 2012-13

Published on: 09-JUL-2013CAI in its latest report estimated a fall in production of cotton crop in crop season 2012-13 at 353.25lakh bales against the 373.25 lakh bales of 2011-12.Proposed Investments in India fell to 75 Percent in FY12-13: Assocham

http://www.jagranjosh.com/current-affairs/government-raised-fdi-in-telecom-sector-to-100-percent-1374035214-1http://www.jagranjosh.com/current-affairs/government-raised-fdi-in-telecom-sector-to-100-percent-1374035214-1http://www.jagranjosh.com/current-affairs/government-allocated-1200-crore-as-sca-to-tsp-in-201314-1373958045-1http://www.jagranjosh.com/current-affairs/rbi-announced-slew-of-measures-to-curb-rupee-volatility-1373953637-1http://www.jagranjosh.com/current-affairs/rbi-fined-22-banks-for-violating-kyc-and-antimoney-laundering-norms-1373883141-1http://www.jagranjosh.com/current-affairs/fdi-increased-into-india-to-232-billion-us-dollars-in-april-2013-1373874700-1http://www.jagranjosh.com/current-affairs/indias-exports-in-june-2013-were-valued-at-2378564-million-us-dollars-1373867046-1http://www.jagranjosh.com/current-affairs/visa-on-arrival-scheme-registered-229-growth-in-june-2013-1373710027-1http://www.jagranjosh.com/current-affairs/ccea-approved-modified-industrial-infrastructure-upgradation-scheme-1373634264-1http://www.jagranjosh.com/current-affairs/jewellers-decided-to-suspend-sale-of-gold-coins-for-six-months-1373545203-1http://www.jagranjosh.com/current-affairs/ccea-approved-disinvestment-of-government-stake-in-state-trading-corporation-and-itdc-1373536294-1http://www.jagranjosh.com/current-affairs/direct-tax-collection-for-june-quarter-of-fy-201314-increased-by-1152-percent-1373454043-1http://www.jagranjosh.com/current-affairs/cotton-association-of-india-estimated-lower-production-of-cotton-in-201213-1373373020-1http://www.jagranjosh.com/current-affairs/proposed-investments-in-india-fell-to-75-percent-in-fy1213-assocham-1373379259-1http://www.jagranjosh.com/current-affairs/government-raised-fdi-in-telecom-sector-to-100-percent-1374035214-1http://www.jagranjosh.com/current-affairs/government-allocated-1200-crore-as-sca-to-tsp-in-201314-1373958045-1http://www.jagranjosh.com/current-affairs/rbi-announced-slew-of-measures-to-curb-rupee-volatility-1373953637-1http://www.jagranjosh.com/current-affairs/rbi-fined-22-banks-for-violating-kyc-and-antimoney-laundering-norms-1373883141-1http://www.jagranjosh.com/current-affairs/fdi-increased-into-india-to-232-billion-us-dollars-in-april-2013-1373874700-1http://www.jagranjosh.com/current-affairs/indias-exports-in-june-2013-were-valued-at-2378564-million-us-dollars-1373867046-1http://www.jagranjosh.com/current-affairs/visa-on-arrival-scheme-registered-229-growth-in-june-2013-1373710027-1http://www.jagranjosh.com/current-affairs/ccea-approved-modified-industrial-infrastructure-upgradation-scheme-1373634264-1http://www.jagranjosh.com/current-affairs/jewellers-decided-to-suspend-sale-of-gold-coins-for-six-months-1373545203-1http://www.jagranjosh.com/current-affairs/ccea-approved-disinvestment-of-government-stake-in-state-trading-corporation-and-itdc-1373536294-1http://www.jagranjosh.com/current-affairs/direct-tax-collection-for-june-quarter-of-fy-201314-increased-by-1152-percent-1373454043-1http://www.jagranjosh.com/current-affairs/cotton-association-of-india-estimated-lower-production-of-cotton-in-201213-1373373020-1http://www.jagranjosh.com/current-affairs/proposed-investments-in-india-fell-to-75-percent-in-fy1213-assocham-1373379259-1


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As per the survey conducted by Assocham in July 2013 the proposed investments by domestic andforeign entrepreneurs declined by 75 per cent in FY 2012-13.Railway Revenue Earnings increased by 11.93 Percent during April - June 2013

Published on: 09-JUL-2013Indian Railways witnessed an increase of 11.93%in its approximate earnings from 1 April to 30 June2013 and total goods earnings increased by 9.35%.Chinas consumer inflation rose to 2.7% in June 2013

Published on: 09-JUL-2013Consumer price inflation/Index of China scaled to 2.7 per cent year-on-year in June 2013 pushed by a4.9 per cent rise in food prices.India-Israel trade raised to 6 billion Dollars in 2012-13

Published on: 08-JUL-2013The trade between India and Israel touched the 6-billion dollars mark during 2012-13.Foreign Investment Promotion Board approved 7 Pharma FDI proposals

Published on: 06-JUL-2013The Foreign Investment Promotion Board approved seven Foreign Direct Investments (FDI)proposals for investment in Indian pharmaceutical companies.Government Released Revised Online Transfer Claim Form for EPFO

Published on: 05-JUL-2013RTC form for EPFO beneficiaries was released by Sis Ram Ola. The process is designed to develop asystem of web based services for online submission of forms.Foreign Institutional Investors pulled out 5.6 billion Dollars from Debt Market

Published on: 03-JUL-2013Foreign institutional investors (FII) in the Month June 2013 jumped out of the debt market,withdrawing 5.6 billion dollars.Telecom Commission approved hike in FDI cap from 74 to 100 percent in Telecom Sector

Published on: 03-JUL-2013Telecom Commission of India approved enhancement of FDI cap on telecom sector from 74 to 100percent.

CCEA approved the continuation of National Mission on Food ProcessingPublished on: 30-JUN-2013Union Cabinet on 28 June 2013 approved the continuation of the National Mission on FoodProcessing (NMFP).Government to set-up 51 new low-cost Airports to Increase Air Connectivity

Published on: 29-JUN-2013Government took a decision to set-up 51 new airports in tier-II & III cities across India. The decisionwill boost the aviation sector in India.Minimum Support Price for Paddy fixed at 1310 Rupees per Quintal

Published on: 28-JUN-2013CCEA on 28 June 2013 approved the Minimum Support Prices (MSPs) for kharif crops of 2013-14

season.Union Government raised Rice Support Price by 4.8 Percent

Published on: 28-JUN-2013Union Government on 27 June 2013 raised the base price of rice to 1310 rupees per 100 kilogramsfrom 1250 rupees as compared to year 2012.

India Third Most Attractive Destination for Investment in the World: UNCTAD

Published on: 27-JUN-2013
http://www.jagranjosh.com/current-affairs/railway-revenue-earnings-increased-by-1193-percent-during-april-june-2013-1373363620-1http://www.jagranjosh.com/current-affairs/chinas-consumer-inflation-rose-to-27-in-june-2013-1373361854-1http://www.jagranjosh.com/current-affairs/indiaisrael-trade-raised-to-6-billion-dollars-in-201213-1373270309-1http://www.jagranjosh.com/current-affairs/foreign-investment-promotion-board-approved-7-pharma-fdi-proposals-1373105709-1http://www.jagranjosh.com/current-affairs/government-released-revised-online-transfer-claim-form-for-epfo-1373003378-1http://www.jagranjosh.com/current-affairs/government-released-revised-online-transfer-claim-form-for-epfo-1373003378-1http://www.jagranjosh.com/current-affairs/foreign-institutional-investors-pulled-out-56-billion-dollars-from-debt-market-1372847343-1http://www.jagranjosh.com/current-affairs/telecom-commission-approved-hike-in-fdi-cap-from-74-to-100-percent-in-telecom-sector-1372825380-1http://www.jagranjosh.com/current-affairs/ccea-approved-the-continuation-of-national-mission-on-food-processing-1372571276-1http://www.jagranjosh.com/current-affairs/government-to-setup-51-new-lowcost-airports-to-increase-air-connectivity-1372490646-1http://www.jagranjosh.com/current-affairs/minimum-support-price-for-paddy-fixed-at-1310-rupees-per-quintal-1372429876-1http://www.jagranjosh.com/current-affairs/union-government-raised-rice-support-price-by-48-percent-1372584413-1http://www.jagranjosh.com/current-affairs/india-third-most-attractive-destination-for-investment-in-the-world-unctad-1372313067-1http://www.jagranjosh.com/current-affairs/railway-revenue-earnings-increased-by-1193-percent-during-april-june-2013-1373363620-1http://www.jagranjosh.com/current-affairs/chinas-consumer-inflation-rose-to-27-in-june-2013-1373361854-1http://www.jagranjosh.com/current-affairs/indiaisrael-trade-raised-to-6-billion-dollars-in-201213-1373270309-1http://www.jagranjosh.com/current-affairs/foreign-investment-promotion-board-approved-7-pharma-fdi-proposals-1373105709-1http://www.jagranjosh.com/current-affairs/government-released-revised-online-transfer-claim-form-for-epfo-1373003378-1http://www.jagranjosh.com/current-affairs/foreign-institutional-investors-pulled-out-56-billion-dollars-from-debt-market-1372847343-1http://www.jagranjosh.com/current-affairs/telecom-commission-approved-hike-in-fdi-cap-from-74-to-100-percent-in-telecom-sector-1372825380-1http://www.jagranjosh.com/current-affairs/ccea-approved-the-continuation-of-national-mission-on-food-processing-1372571276-1http://www.jagranjosh.com/current-affairs/government-to-setup-51-new-lowcost-airports-to-increase-air-connectivity-1372490646-1http://www.jagranjosh.com/current-affairs/minimum-support-price-for-paddy-fixed-at-1310-rupees-per-quintal-1372429876-1http://www.jagranjosh.com/current-affairs/union-government-raised-rice-support-price-by-48-percent-1372584413-1http://www.jagranjosh.com/current-affairs/india-third-most-attractive-destination-for-investment-in-the-world-unctad-1372313067-1


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A survey conducted by UNCTAD revealed on 26 June 2013 that India was the third most attractivedestination, after China and US.Pipavav Port Regained Top Position in Seafood Exports for Second Consecutive Year

Published on: 26-JUN-2013Pipavav port located in Saurashtra, Gujarat, remained at the top most position for second year in arow in FY13 on the basis of quantity.Three IPC Common Sales Contracts Launched by International Pepper Conclave 2013

Published on: 26-JUN-2013Three IPC Common Sales Contracts were launched by International Pepper Conclave 2013 tostandardise the contract terms for export of pepper.Union Govt extended Power Distribution Reform Package to 12th Plan

Published on: 24-JUN-2013CCEA on 21 June 2013 decided to extend the R-APDR for the 12th Five-Year Plan period in order tostrengthen the distribution sector.Cabinet Committee Approved Disinvestment of 5 Percent Paid Up Equity in NLC

Published on: 24-JUN-2013The Cabinet Committee on Economic Affairs on 21 June 2013 approved disinvestment of 5 percentequity of Neyveli Lignite Corporation (NLC).

CCEA approved Mechanism for Coal Supply to Power ProducersPublished on: 23-JUN-2013The Cabinet Committee on Economic Affairs (CCEA) on 21 June 2013 approved mechanism for coalsupply to Power Producers.Government planned to introduce Visa-on-Arrival Facilities for Chinese Nationals

Published on: 23-JUN-2013The Union Government of India on 22 June 2013 planned to introduce Visa-on-Arrival facilities forthe Chinese nationals.Duty Drawback Rate on Gold Ornaments hiked by Government to increase Jewellery Exports

Published on: 22-JUN-2013Duty Drawback Rate of gold ornaments increased by 73 rupees per gram to 173.70 rupees per gram

to boost jewellery exports.SEBI issued Guidelines for Investment Advisers to Operate in Stock Markets

Published on: 21-JUN-2013SEBI notified guidelines for investment advisers. It made it compulsory to get requisite certificationsfor them to operate in stock market for them.Global Prices of Fish Increased to Record High in May 2013

Published on: 21-JUN-2013UNs Food & Agriculture Organization announced that the global prices of fish reached record highin May 2013 because of rising demand.Indian Money in Swiss Banks Dropped to Record Low: Swiss National Bank


Swiss National Bank (SNB) in Zurich on 20 June 2013 unveiled that the Indian money in Swissbanks dropped to record low at 9000 crore Rupees.Commodities Transaction Tax Applicable on Non-Farm Products from 1 July 2013

Published on: 21-JUN-2013CBDT on 19 June 2013 announced that the Commodities Transaction Tax shall be levied on the non-farm products from 1 July 2013.

Union Government of India proposed plan to raise FDI Limit in Key Sectors

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10/24

Government proposed sweeping changes in FDI regime to attract foreign investors based on therecommendations made by Arvind Mayaram Committee.RBI left its Repo Rate unchanged at 7.25 Percent

Published on: 18-JUN-2013RBI in its June mid-quarter monetary policy on 17 June 2013, left its key policy ( repo rate)unchanged at 7.25 percentTelecom Regulatory Authority of India (TRAI) reduced Roaming charges for calls,SMSs

Published on: 17-JUN-2013Telecom regulator TRAI on 17 June 2013 announced reduction in the national mobile phone roamingcharges which will come into effect 1 July 2013.Petrol Prices hiked by 2 Rupees per Liter, excluding VAT

Published on: 17-JUN-2013Price of petrol went up by 2 rupees in India due to devaluation of rupee. Due to devaluation, theimport cost of crude oil has gone costlier for oil firms.WPI Inflation declined to 4.7 Percent in May 2013

Published on: 15-JUN-2013WPI inflation in May 2013 came down to 4.7 percent against 4.89 percent measured in April 2013.SEBI notified Norms for Listing of Preference Shares

Published on: 15-JUN-2013Market regulator Sebi in Month of June 2013 notified a new set of regulations to regulate issuing andlisting of non-convertible preference.Tax Scrutiny of Multinational Companies to Increase in India

Published on: 14-JUN-2013The (I-T) department has notified a revised form to check for transfer pricing infractions, somethingthat could intensify the scrutiny on their books.Mineral Production during April 2013: Provisional Data Released

Published on: 14-JUN-2013The index of mineral production of mining sector in April 2013 was lower by 16.9 percent comparedto March 2013

Industrial Production Growth declined to 2 Percent in April 2013Published on: 13-JUN-2013Industrial production growth declined to 2 per cent in April 2013 due to dismal performance ofvarious sectors.Retail Inflation stood at 9.31 Percent in May 2013

Published on: 13-JUN-2013As per the data released on 12 June 2013, Retail inflation stood at 9.31 per cent in May 2013Foreign Investment Limit hiked by 5 Billion Dollar in Government Securities

Published on: 13-JUN-2013The limit of Foreign Investment in Government Securities was enhanced by 5 Billion US Dollar toincrease overseas capital inflows on 12 June 2013.

RBI hiked the Cap for Online Repatriation of Export ProceedsPublished on: 12-JUN-2013The cap on online repatriation of export proceeds was raised by to 10000 US dollars by RBI to arrestthe slide in the value of rupee and boost Forex inflows.FEEs from Tourism increased by over 9 percent in May 2013

Published on: 11-JUN-2013FEEs for May 2013 increased by more than 9 percent and the FTAs went up by 3.2 percent in thesame period.RBI penalised Axis Bank, HDFC Bank and ICICI Bank for rule violations

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11/24

RBI imposed a fine on Axis Bank, HDFC Bank and ICICI Bank for violation of KYC norms andanti-money laundering guidelines.Cost inflation index for 2013-14 raised by 10%: CBDT

Published on: 10-JUN-2013The Central Board of Direct Taxes (CBDT) in month of June 2013has specified a value for the costinflation index for 2013-14.Rupee touched New Life time low against Dollar at 57 Rupees 77 Paise

Published on: 10-JUN-2013The rupee fell by a whopping 71 paise to hit a new life-time low of 57 rupees 77 paise against DollarCBDT revised Selection Criteria for Income Tax Officials

Published on: 10-JUN-2013The Ministry of Finance in June 2013 has introduced new rules for sending Income Tax officers tonewly created overseas units similar to in the US and the UK.RBI directed banks to Periodically Audit Documents of Credits of 5 Crore and Above

Published on: 08-JUN-2013RBI on 7 June 2013 directed the banks to audit and verify the documents of all credits of 5 crore andabove periodically to prevent frauds.RBI put restrictions on Co-Operative banks for Loans against Gold coins

Published on: 07-JUN-2013Reserve Bank of India on 7 June 2013 extended the restriction on advance against gold on co-operative banks set to curb the demand for gold.Finance Ministry asked Indian Bank Association to set up Oversight Mechanism

Published on: 07-JUN-2013The Finance ministry asked the Indian Banks' Association to set up an independent body to managethe corporate debt restructuring (CDR) mechanism.Department of Telecommunication (DoT) asked TRAI to Audit Spectrum Use

Published on: 07-JUN-2013DoT asked Trai to carry out regular spectrum utilization audit of all service providers in order toensure efficient utilization of spectrum.

The Import Duty on Gold and Platinum hiked from 6 to 8 PercentPublished on: 06-JUN-2013The government hiked the import duty on Gold and Platinum from 6 to 8 per cent on 5 June 2013.Government hiked the Import duty on Gold and Platinum

Published on: 06-JUN-2013Import duty on gold was hiked from 6 percent to 8 percent by the Government of India with an aim ofcurbing the import of gold in the country.CCEA approved Revival of Nagaland Pulp and Paper Company Limited

Published on: 05-JUN-2013CCEA on 4 June 2013 approved the revival of the Nagaland Pulp and Paper Company Limited(NPPC) with the infusion of funds of 309.38 crore Rupees.

The Union Cabinet of India approved the Real Estate Bill 2013Published on: 05-JUN-2013The Union Cabinet of India on 4 June 2013 approved the Real Estate (Regulation and Development)Bill 2013

India's Foodgrain Production registered a Growth of 30 Percent

Published on: 04-JUN-2013India's foodgrain production registered an impressive growth of over 30 percent in the last nine years.

India to Dominate Global Saving and Investment Along With China: World Bank Report

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12/24

The World Bank report released on 3 June 2013 forecasted that India and China will become largestinvestors of the world in the year 2030.RBI extended Time for opening up of New Banks by Six Months

Published on: 04-JUN-2013The RBI (Reserve Bank of India) on 3 June 2013 increased the validity period of setting up of banksfrom one year to 18 months.Government raised the Import Tariff Value of Gold to 459 Dollars per 10 Grams

Published on: 03-JUN-2013The Union government of India increased the import tariff value of gold to 459 dollars per 10 gramsIndia witnessed a Five-Fold Increase in Power Generation

Published on: 03-JUN-2013India witnessed a five-fold increase in the additional power generation capacity during the last nineyearsForeign Investment Promotion Board Approved Eight FDI Proposals

Published on: 01-JUN-2013The FIPB on 31 May 2013 approved eight FDI proposals, which include those of McKinsey &Company, ACME Solar Energy and GETIT Infoservices.OECD scaled down India's Growth Rate at 5.3 Percent

Published on: 31-MAY-2013OECD on 29 May 2013 scaled down Indias growth estimate to 5.3 per cent for 2013 from 5.9 percent.CSO:Economic Growth declined to a low of 5 Percent for the 2012-13 Fiscal

Published on: 31-MAY-2013As per CSO DATA released on 31 May 2013, economic growth fell to a decade's low of 5 per centfor the entire 2012-13 fiscalSEBI made Registration Compulsory for Investment Advisors

Published on: 30-MAY-2013SEBI made it compulsory for investment advisorsto first obtain a certificate of registration for thesame.

Quarterly Report (Jan-Mar 2013) on Public Debt Management ReleasedPublished on: 28-MAY-2013Quarterly Report on Public Debt Management for the Quarter January-March 2013 was released on28 May 2013.RBI imposed Restrictions on Bank Loans against Gold

Published on: 28-MAY-2013The Reserve Bank of India on 27 May 2013 imposed restrictions on banks and NBFCs for providingloans against gold coinsUnion Cabinet of India Approved the Creating 20751 Additional Posts in Income Tax

Department

Published on: 24-MAY-2013

The Union Cabinet of India on 23 May 2013 approved the proposal for creating 20751 additionalposts in the Income Tax Department in various cadres.Indian Rupee touched New 6-Month Low at 55.83 against US Dollar

Published on: 23-MAY-2013The Indian rupee on 23 May 2013 declined by 37 paise to trade at a fresh six-month low of 55.83

Union Government proposed Stronger Powers to SEBI for tackling Ponzi Schemes

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13/24

The Union Government has proposed Stronger Powers to SEBI enabling it to carry out search andseizure operations and for attachment of assets.Demand for Gold in India Increased by 27 Percent during Jan-Mar 2013

Published on: 20-MAY-2013Demand for gold in India increased by 27 per cent to 256.5 tonnes during the January-March 2013quarterCivil Aviation Ministry directed Airlines to Limit Number of Privileged Seats

Published on: 20-MAY-2013Aviation Ministry directed airlines to limit number of privileged seats for which fees can be chargedand extended time to decrease number of foreign pilots.Government cut Import Tariff Value of Gold and Silver

Published on: 18-MAY-2013The government cut the import tariff value of gold and silver to 466 US dollars per ten gramsCCEA approved the Same Scale of Allocation to APL Families

Published on: 18-MAY-2013CCEA on 16 May 2013 approved the continuation of the same scale of allocation to APL familiesduring 2013-14Union Govt ratified 8.5 Percent interest on PF Deposits for 2012-13

Published on: 16-MAY-2013Finance Ministry approved payment of 8.5 per cent interest rate for 2012-13 from 8.25 per cent in theprevious fiscal.International Monetary Fund (IMF) approved 1.3 bn Dollars loan for Cyprus

Published on: 16-MAY-2013IMF on 15 May 2013 approved a three-year, 1.3 billion dollars loan for supporting Cyprus attemptsto stabilize its financial sector.RBI decided to Launch Inflation Indexed Bonds (IIBs)

Published on: 16-MAY-2013The RBI (Reserve Bank of India) on 15 May 2013 decided to launch Inflation Indexed Bonds (IIBs).Union Government hiked Backward Region Grant Fund Entitlement for Uttar Pradesh

Published on: 16-MAY-2013Backward Region Grant Fund was increased to 818.17 crore rupees for 2013-14 from 667 crorerupees for Utatr Pradesh by Union Government.Reserve Bank of India directed Banks to follow Clean Note Policy

Published on: 15-MAY-2013RBI directed banks to follow Clean Note Policy and not to stable the notes packet. It also directed thebanks to withdraw soiled notes from circulation.WPI Inflation eased to 4.89 percent in April 2013 as Per Official Data

Published on: 14-MAY-2013As per official data released on 14 May 2013, WPI Inflation eased to 4.89 percent in April 2013.Exports in India grew up by 1.6 percent in April 2013

Published on: 14-MAY-2013The exports in the month of April 2013 of India grew by 1.6 percent and stood at 24.16 billion USDollar. Trade deficit pushed to 1.7 billion US dollar.Total Value of Mineral Production During March 2013 was 20475 Crore Rupees

Published on: 14-MAY-2013The total value of mineral production (excluding atomic & minor minerals) in the country duringMarch 2013 was 20475 crore rupees.

Reserve Bank of India imposed Restrictions on Gold Import by Banks

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The RBI on 12 May 2013 imposed restrictions on gold import by banks in order to moderate thedemand of gold for domestic use.National Stock Exchange(NSE) launched Debt Trading Platform

Published on: 13-MAY-2013National Stock Exchange, the Leading bourse on 11 May 2013 launched the countrys first dedicateddebt trading platform.Retail Inflation declined to 9.39 Percent in April 2013

Published on: 13-MAY-2013Retail inflation declined to 9.39 per cent in April because of reduction in prices of vegetables, edibleoil and protein-based itemsInter-Ministerial Group approved 10% Equity Sale in Coal India Limited

Published on: 11-MAY-2013Sale of 10 percent equity of the Coal India Limited was approved by the Inter-Ministerial Groupheaded by Ravi Mathur, the Disinvestment Secretary.Air India declared Transformation by Implementation of Cost Cutting Measures

Published on: 10-MAY-2013Air India is set to implement transformation programmes by implementing cost cutting measuressuggested by the five member committee.

CCEA approved Proposal to set-up 2 Major Ports in Bengal and Andhra PradeshPublished on: 10-MAY-2013Proposal from Ministry of Shipping to set-up two ports in Andhra Pradesh and West Bengal wereapproved by CCEA on 9 May 2013.India is the largest Producer and Consumer of Chickpeas in World

Published on: 09-MAY-2013FAO in its latest report for 2011 reported that India is the largest producer and consumer ofChickpeas in the world.Union Government set 325-billion Dollars Export Target for 2013-14

Published on: 09-MAY-2013Union Government announced an export target of 325 billion dollars for the current financial year

2013-14 to support the slowdown in the global markets.Foreign Exchange Earnings from Tourism grew by 7 percent in April 2013

Published on: 08-MAY-2013FEEs from Tourism Increases by More than Seven Percent in April 2013. FTAs went up by AboutTwo Percent during the First Quarter Of 2013.SEBI approved Kerala's Start-up Village Angel Fund of 10 million Dollars

Published on: 07-MAY-2013SEBI in May 2013 had approved an angel fund of 10 million Dollars to address the problem ofresource crisis for start-up companies across the country.India's Services Growth hit 18-month low: HSBC


As per the survey undertake by HSBC, Indias services sector grew at its slowest pace in one andhalf years during the month of April 2013.Asian Development Bank to provide 6 billion Dollars to India over next 3 years

Published on: 06-MAY-2013ADB on 5 May 2013 announced that it is going to provide about 6 billion dollars loan to India overthe next three years.

Foodgrains Output for 2013 Exceeded its Target

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15/24

Foodgrains output for 2012-13 was revised by the Government of India by 5.22 million tonnes forwheat, rice and coarse cereals.CCEA approved Exchange Trade Fund for PSU stocks

Published on: 03-MAY-2013CCEA on 2 May 2013 cleared the government proposal to set up an exchange traded fund backed bya basket of PSU stocks, commonly referred as CPSEETF.RBI reduced the Repo Rate by 25 Basis Points to 7.25 Percent

Published on: 03-MAY-2013RBI on 3 May 2013 reduced the policy repo rate by 25 basis points to 7.25 per centSupreme Court of India upheld 51 Percent FDI in Multi-brand Retail

Published on: 02-MAY-2013The Supreme Court of India on 1 May 2013 upheld the constitutional validity of 51 percent FDI inthe multi-brand retail sector.Bombay Stock Exchange (BSE) launched broad-based Islamic Equity Index

Published on: 01-MAY-2013The Bombay Stock Exchange (BSE) on 30 April 2013 launched an Islamic equity indexThe Union Minister for Commerce, Industry and Textiles Launched 21 New Textile Parks

Published on: 24-APR-2013

The Union Minister for Commerce, Industry and Textiles, Anand Sharma on 23 April 2013, launched21 New Textile Parks approved under SITP.PMEAC Presented Economic Review 2012-13: Highlights


The Prime Ministers Economic Advisory Council (PMEAC) under the Chairmanship of CRangarajan on 23 April 2013 presented the Economic review 2012-13.Competition Commission of India slapped fine of 8000 Crore rupees in 19 Cases


Competition Commission of India (CCI) penalised 19 business entities for anti-competitive practicescollectively for around 8000 crore Rupees.Union Government of India approved 13 Power Projects and 25 Oil & Gas Blocks


CCI approved 13 power projects that include hydro, thermal & transmission projects. Investment of33000 crore rupees will be made on these projects.Government permitted Railways to use its Land for Metro Networks


Union Cabinet of India gave its approval to the proposal of the Indian Railways for permitting use ofits land for metro networks.Union Government approved 1083 crore Rupees Revival Plan for HMT


The Cabinet Committee on Economic Affairs (CCEA) on 18 April 2013 approved a 1083-crore

Rupees renewal package for watch and tractor maker company HMT.Government has implemented Changes in FTP 2009-14 to Enhance Trade and SEZsPublished on: 19-APR-2013

The Union Commerce Ministry has announced changes in different policies and schemes underAnnual Supplement 2013-14 of FTP 2009-14.

To Revive Interest in SEZs of Investors Government announced Changes in FTP

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