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CCEA gave nod to extend PDS Kerosene, Domestic LPG Subsidy Scheme

Published on: 05-MAR-2015
Important for Exam: 5 people agreed

It also approved extension of the Freight Subsidy Scheme 2002 for far-flung areas till 31 March 2015. The Freight Subsidy Scheme 2002 provides for freight subsidy to PDS Kerosene and Domestic LPG consumers in far-flung areas.

RBI reduced Repo rate by 25 basis points to 7.5 percent

Published on: 04-MAR-2015
Important for Exam: 39 people agreed

This is the second time since January 2015 that RBI reduced the repo rate by 25 basis points. With this, the reverse repo rate under the LAF stands adjusted to 6.5 percent, and the marginal standing facility (MSF) rate and the Bank rate to 8.5 percent.

Union Government and RBI signed an agreement on Monetary Policy Framework

Published on: 04-MAR-2015
Important for Exam: 9 people agreed

The agreement empowers the RBI to go for inflation targeting that is common in developed countries and it also empowers RBI to monitor its monetary policy framework.

Core sector growth of India declined to 13-month low in January 2015

Published on: 03-MAR-2015
Important for Exam: 14 people agreed

Core sector growth declined to 13-month low of 1.8 percent in January 2015 as compare to 3.7 percent in 2014.

Union Budget 2015-16: Highlights

Published on: 28-FEB-2015
Important for Exam: 51 people agreed

Arun Jaitley presented Union Budget 2015-16 in the Parliament.

Economic Survey of India 2014-15: Highlights

Published on: 27-FEB-2015
Important for Exam: 58 people agreed

The Economic Survey reviews the developments in the Indian economy over the previous 12 months, summarises the performance on major development programmes and highlights the policy initiatives of the government

Railway Budget 2015-16: Statistical Highlights

Published on: 27-FEB-2015
Important for Exam: 4 people agreed

Railway Minister Suresh Prabhu on 26 February 2015 presented his maiden Rail Budget 2015-16 in the Lok Sabha.

Railway Budget 2015-16: Quality of Life in Journeys

Published on: 26-FEB-2015
Important for Exam: 72 people agreed

In the budget, Prabhu gave 11 thrust areas to improve quality of life in train journeys which also includes Swachh Rail - Swachh Bharat drive.

Railway Budget 2015-16: Major Initiatives

Published on: 26-FEB-2015
Important for Exam: 11 people agreed

In this regard, Rail Budget 2015 – 16 unveiled certain initiatives ranging from cleanliness drive to development of infrastructure to improving the overall quality of life in train journeys.

Railway Budget 2015-16: Highlights

Published on: 26-FEB-2015
Important for Exam: 71 people agreed

Passenger fair was not hiked while the facility of booking tickets in advance has been increased to 120 days instead of 60 days which was available till date.

Union Cabinet approved the implementation of 15000 MW Grid-connected SPV Projects under NSM

Published on: 26-FEB-2015
Important for Exam: 7 people agreed

The scheme will be implemented through NTPC and NTPC Vidyut Vyapar Nigam Limited in three tranches.

Union Cabinet approved creation of two additional benches of the Authority for Advance Rulings

Published on: 26-FEB-2015
Important for Exam: 3 people agreed

For these two benches, there will be a creation of two posts of Vice-Chairmen in the Apex scale and four posts of Members (two posts of Revenue Members and two posts of Law Members).

KVIC, RSETIS signed MoU to provide vocational training to unemployed youth

Published on: 21-FEB-2015
Important for Exam: 11 people agreed

The MoU was signed to enhance the business skills and project-related skills of the beneficiaries under Prime Minister’s Employment Generation Programme (PMEGP).

CCEA approved continuation of incentive scheme for marketing of raw sugar production

Published on: 20-FEB-2015
Important for Exam: 6 people agreed

The CCEA also fixed uniform rate of export subsidy at 4000 rupees per metric tonne for 2014-15 sugar season

CCEA approved four Highway Projects in Uttar Pradesh, Odisha and Chhattisgarh

Published on: 20-FEB-2015
Important for Exam: 10 people agreed

The four highway projects will be carried on in Uttar Pradesh, Odisha and Chhattisgarh.

Union Government launched single window eBiz portal to foster business environment

Published on: 20-FEB-2015
Important for Exam: 27 people agreed

eBiz, an Indian Government-to-Business (G2B) portal was conceptualised by National Institute of Smart Government (NISG) and developed by Infosys ltd, Bangalore.

RBI issued Guidelines on Import of Gold by Nominated Banks and Agencies

Published on: 19-FEB-2015
Important for Exam: 23 people agreed

RBI permitted the nominated banks to import gold on consignment basis, whereas, all sale of gold domestically will be against upfront payments.

EPFO launched Online Help Desk to trace Inoperative Accounts

Published on: 19-FEB-2015
Important for Exam: 24 people agreed

It was set up for settlement of EPF Inoperative Accounts having 27000 crore rupees as balance. There are about 8.15 crore inoperative provident fund accounts.

Union Ministry of Finance imposed Anti-dumping duty on imports of graphite electrodes

Published on: 17-FEB-2015
Important for Exam: 35 people agreed

With this move, government aims to protect the domestic industry from below-cost shipments of graphite electrodes.

RBI decided to bring back one rupee notes

Published on: 14-FEB-2015
Important for Exam: 51 people agreed

The notes printed by the Government of India will carry the bilingual signature of Rajiv Mehrishi, Finance Secretary.

SC directed CBI to probe RBI and SEBI in multi-crore chit-fund scam

Published on: 14-FEB-2015
Important for Exam: 23 people agreed

CBI was directed to investigate the role of market regulator SEBI and the RBI for effecting a mechanism.

Union Government decided to infuse 6990 crore rupees in nine Public Sector Banks

Published on: 09-FEB-2015
Important for Exam: 52 people agreed

Among the beneficiaries, SBI leads the pack with a capitalization of 2970 crore rupees and is followed by BoB with 1260 rupees, Punjab National Bank with 870 crore rupees and Canara Bank with 570 crore rupees.

CSIR-NCL signed MoU with Security Printing and Minting Corporation of India Ltd

Published on: 06-FEB-2015
Important for Exam: 16 people agreed

The MoU is aimed at fostering collaboration on research and exchange of technical expertise in areas of material sciences and testing capabilities for bank notes, security documents and coins.

Union Government divested 10 percent stake in Coal India Limited

Published on: 31-JAN-2015
Important for Exam: 38 people agreed

Government divested 63.16 crores shares (10 percent) of CIL through offer for sale (OFS) at a floor price of 358 rupees per share and realized an amount of 22557.63 crore rupees through the disinvestment process.

RBI constituted High Powered Committee headed by R Gandhi on Urban Cooperative Banks

Published on: 31-JAN-2015
Important for Exam: 28 people agreed

A high Powered Committee chaired by R Gandhi constituted to re-examine and recommend set of businesses, size, conversion and licensing terms for the Urban Cooperative Banking Sector.

CCEA approved HDFC Bank’s proposal to raise foreign holding limit to 74 per cent

Published on: 29-JAN-2015
Important for Exam: 12 people agreed

HDFC Bank would raise the fund through issuing of equity shares to non-resident Indians (NRIs) or foreign institutional investors (FIIs) or foreign portfolio investors (FPIs) subject to aggregate foreign shareholding not exceeding 74 per cent of the post issue paid up capital.

CCEA approved mandatory packaging of food-grains, sugar in Jute material for the Jute Year 2014-15

Published on: 29-JAN-2015
Important for Exam: 14 people agreed

The Cabinet Committee on Economic Affairs (CCEA) on 28 January 2015 approved mandatory packaging of food-grains and sugar in Jute material for the Jute Year 2014-15 with certain exemptions.

RBI signed an MoU on Supervisory Cooperation with Banco Central do Brasil

Published on: 28-JAN-2015
Important for Exam: 56 people agreed

RBI inked MoU on Supervisory Cooperation and Exchange of Supervisory Information with Banco Central do Brasil (BCB).

RBI simplified procedure for External Commercial Borrowings Policy

Published on: 24-JAN-2015
Important for Exam: 47 people agreed

The directions have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999. Changes are effected during the tenure of the ECB.

Shanta Kumar Committee on FCI restructuring submitted its report to the Prime Minister

Published on: 22-JAN-2015
Important for Exam: 80 people agreed

Shanta Kumar Committee on 21 January 2015 submitted its report on restructuring of Food Corporation of India (FCI) to the Prime Minister Narendra Modi.

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