currentaffairs_2013.pdf

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Telecom Commission decided to Allow Mobile PhoneCompanies to Share 2G spectrum Only

Current Affairs Week: 30 Jan 2012 to 05 Feb 2012

Economy Current Affairs 2012. T elecom Commission decided to allow mobile phone

companies to share spectrum. The Commission has however limited this facility to 2Gairwaves alone

Department of Industrial Policy & Promotion to Design FDIPolicy for Power Exchanges


Economy Current A ffairs 2012. Union finance ministry urged the department of

industrial policy and promotion to design FDI policy for power exchanges on lines of

commodity exchanges

Growth Rate of Eight Core Industries fell to 3.1% inDecember 2011 from 6.3% in December 2010


Economy Current Affairs 2012. Growth of these eight sectors during April-December

2011 was 4.4 per cent against 5.7 per cent during the corresponding period in

2010

SEBI to enhance Minimum Investment Amount Per Clientmanaged by Portfolio Managers to Rs.25 lakh


Economy Current A ffairs 2012. SEBI decided to enhance the minimum investment

amount per client managed by portfolio managers to Rs.25 lakh from Rs.5 lakh

C R Sundaramurti Committee recommended Overhaul ofGovernment Accounting Norms

Current Affairs Week: 23 Jan 2012 to 29 Jan 2012

Economy Current A ffairs 2012. C R Sundaramurti Committ ee report t o finance

ministe r Pranab Mukherjee suggested a complete overhaul of government

accounting norms

Pension Regulator PFRDA changed the Incentive Structureto boost National Pension System


Economy Current Affairs 2012. PFRDA changed the incentive structure for the

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distributors from a fixed sum to a percentage of the investment amount

RBI cut the Cash Reserve Ratio (CRR) by 50 basis pointsfrom 6 per cent to 5.5 per cent


Economy Current Affairs 2012. RBI cut the cash reserve ratio (CRR) by 50 basis

points from 6 per cent to 5.5 per cent with effect from 28 January 2012

Gems & Jewellery Exports dipped 15% year-on-year to $3

billion in December 2011Current Affairs Week: 23 Jan 2012 to 29 Jan 2012

Economy Current Affairs 2012. GJEPC reported 15%dip in gems and jewellery

exports which went down to $3 billion in December 2011

Corporate Indias Sales to Grow 21.6% in 2011-12, as perCentre for Monitoring Indian Economy Review


Economy Current Affairs 2012. Centre for Monitoring Indian Economy (CMIE)

estimated Corporate Indias sales to grow 21.6% in 2011-12

Tourism Sector Committee to Extend Visa-on-Arrival Facilitydouble Foreign Tourist Arrivals


India Current Affairs 2011. Inte r-ministerial committ ee for tourism sector decided t o

extend Visa-on-Arrival facility to Goa, Hyderabad, Kochi & Bangaluru airports to help

double the foreign tourist arrivals

Telecom Regulator ordered Telecom Companies to BlockBulk International SMS


Economy Current A ffairs 2012. Telecom Regulatory Authority of India on 20 January

2012 asked t elecom companies to block bulk international SMS

RBI permitted Banks to allow Hedging in Commodities inInternational Exchanges


Economy Current Affairs 2012. RBI allowed banks to grant permission to listed and

unlisted companies t o hedge price risk in commodities ot her than precious metals

Indian Rupee rose by 6.6% on 18 January 2012 from its LifeLow of 54.30 touched on 15 December 2011


Economy Current A ffairs 2012. Indian rupee rose t o a tw o-month high and shares

climbed on 18 January 2012 as a result of revival of US dollar flows

Cheaper Food Items got the Consumer Price Index down by0.44 % Month-on-month in December 2011


Economy Current Affairs 2012. Cheaper food items, including fruit and veget ables,

pulled down the Consumer Price Index (CPI) by 0.44 per cent month-on-month in

December 2011

TRAI proposed a Fee of Rs.20 crore for a National-levelUnified Licence

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Latest Current AffairsEight Core Sector registered

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Economy Current A ffairs 2012. Telecom Regulatory Authority of India roposed a fee

of Rs.20 crore for a national-level unified licence under t he new regime

Government doubled Import Duty on Gold & Silver bychanging Customs & Excise Duty Structure


Economy Current Affairs 2012. Union government nearly doubled the import duty

on gold and silver by changing the customs and excise dut y structure on preciousmetals

India's Exports recorded a Growth of 6.7 per cent year-on-year in December 2011


Economy Current A ffairs 2012. India's exports recorded a subdued growth of 6.7

per cent year-on-year in December 2011 on account of poor demand in Europe and

the US

Dip in Food Prices caused Inflation to dip to a year low at7.47% in December 2011


Economy Current Affairs 2012. As per the WPI published by the government ,

reduced food prices caused the inflation to dip to a year low at 7.47% in December

2011

India extended for Five Years Anti-dumping Duty on Import ofFour Chinese Products


Economy Current Affairs 2012. India extended fo r five years anti-dumping duty on

import o f four Chinese product s in the face o f widening trade gap w ith China

SEBI unveiled Rules governing Direct Investment in Stocksby Foreign Investors


Economy Current Affairs 2012. Market regulator SEBI unveiled rules for direct

investment in stocks by foreign investors, including individuals

Foreign Exchange Reserves dipped $3.2 billion to $293.5billion as on 6 January 2012


Economy Current A ffairs 2012. Foreign exchange reserves fell to a 15-month low.

Reserves dipped $3.2 billion to $293.5 billion as on 6 January 2012

RBI issued Guidelines on Compensation of WholetimeDirectors, CEOs in Private & Foreign Banks


Economy Current Affairs 2012. RBI issued guidelines on compensation o f wholetime

directors, chief execut ive officers and ot her risk takers in private and foreign banks

Industrial Production bounced back with a Growth of 5.9 percent in November 2011


Economy Current A ffairs 2012. Industrial production bounced back with a grow th of


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5.9 pe r cent in November 2011, marking a five-month high

Commerce Ministry lowered Minimum Export Price of Onionsto $150 a tonne to Boost Export


Economy Current Affairs 2012. Commerce Ministry lowered the minimum export

price of onions by $100 a tonne to $150 a tonne t o boost exports

PMO directed Cash-rich PSUs to Invest around Rs.1.76 lakh

crore for StimulusCurrent Affairs Week: 09 Jan 2012 to 15 Jan 2012

Economy Current Affairs 2012. PMO directed cash-rich PSUs t o invest around

Rs.1.76 lakh crore, including Rs.1.41 lakh crore domestically to act as a stimulus

Department of Industrial Policy and Promotion notified 100%FDI in Single-brand Retail


Economy Current Affairs 2012. DIPP notified the rules allowing 100% foreign direct

investment (FDI) in single-brand retail

Indirect Tax Collections increased 16.1 per cent to Rs 285787crore during April-December 2011


Economy Current A ffairs 2012. Indirect tax collections increased 16.1 pe r cent to Rs

285787 crore during April-December 2011 driven by an increase in service tax

Moodys upgraded Short-term Country Ceiling on ForeignCurrency Bank Deposit from NP to Prime


Econmy Current A ffairs 2012. Moodys Investor Services upgrade the short-te rm

country ceiling on foreign currency bank deposit increasing from NP (not prime) t o

Prime (P-3)

Foreign Direct Investment (FDI) into India went up by 56% to$2.53 billion in November 2011


Economy Current Affairs 2012. Foreign direct investment into India went up by 56%

to $2.53 billion in November 2011, indicating an improvement in investor sent iment

Union Government to incentivise Unlisted PSUs to Help themcome up with Initial Share Offerings


Economy Current Affairs 2012. Union government decided to incentivise the

unlisted PSUs to help them come up w ith initial share offe rings in the stock market

in 2012-13

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