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CCEA approved Scheme for Promotion of National Agricultural Market

Published on: 02-JUL-2015
Important for Exam: 15 people agreed

The scheme envisages creation of a common electronic platform regulated markets across the country with an outlay of 200 crore rupees from 2015-16 to 2017-18.

CCEA approved Pradhan Mantri Krishi Sinchayee Yoiana (PMKSY)

Published on: 02-JUL-2015
Important for Exam: 21 people agreed

The Yojana was approved with an outlay of 50000 crore rupees over a period of five years, that is, from 2015-16 to 2019-20

Union Government notified dates for Compliance Window under Black Money Act

Published on: 02-JUL-2015
Important for Exam: 14 people agreed

30 September 2015 is the date on or before which a person may make a declaration in respect of an undisclosed asset located outside India under the compliance provisions of Black Money Act.

Registrar General of India released Census data on disabled population

Published on: 01-JUL-2015
Important for Exam: 9 people agreed

The data gives the number of households having disabled persons by type of households including normal, institutional and houseless households.

Literacy rate 71 percent in rural areas, 86 percent in urban areas: NSSO survey

Published on: 01-JUL-2015
Important for Exam: 16 people agreed

Among the age group 7 years and above, the male literacy rate was registered at 83.2 percent vis-a-vis the female literacy rate of 67.1 percent.

Union Government hiked national floor-level minimum wage to 160 rupees per day

Published on: 30-JUN-2015
Important for Exam: 20 people agreed

The new rate will be effective from 1 July 2015.

RBI extended deadline for exchanging pre-2005 currency notes by 6 months

Published on: 26-JUN-2015
Important for Exam: 37 people agreed

The notes can be exchanged for their full value and all such notes will continue to remain legal tender.

RBI allowed AD Category-I Banks to borrow from International Financial Institutions

Published on: 26-JUN-2015
Important for Exam: 23 people agreed

Earlier, AD Cat-I Banks were allowed to borrow from IFIs/MFIs for a short period in 2013 with prior permission from the RBI on a case-by-case basis.

RBI released Financial Stability Report June 2015

Published on: 26-JUN-2015
Important for Exam: 8 people agreed

It is the eleventh issue of its half yearly publication.

UNCTAD released World Investment Report 2015

Published on: 25-JUN-2015
Important for Exam: 20 people agreed

The report delineated the investment trends at the global, regional and country level during 2014 and offered a comparative perspective across the space and time.

Union Cabinet approved renaming of SECI as Renewable Energy Corporation of India

Published on: 25-JUN-2015
Important for Exam: 12 people agreed

SECI was established in September 2011 for the promotion and commercialization of solar energy technologies.

Union Ministry of Finance issued Draft Proposals for Facilitating Electronic Transactions

Published on: 24-JUN-2015
Important for Exam: 7 people agreed

The proposals are aimed at building a transactions history of an individual to enable improved credit access and financial inclusion, reduce tax avoidance and check counterfeiting of currency

FBIL overnight Mumbai Inter-Bank Offer Rate (MIBOR) to become effective from July 22

Published on: 24-JUN-2015
Important for Exam: 5 people agreed

The FBIL overnight MIBOR will be administered by the FBIL Board which will replace National Stock Exchange (NSE) and Thomson Reuters in administering the overnight rate benchmark.

SEBI relaxed the IPO norms for technological start-ups to raise funds from capital market

Published on: 24-JUN-2015
Important for Exam: 3 people agreed

It reduced the post-listing lock-in period for tech start-up promoters to six months, instead of three years for other IPOs.

EPFO made UAN mandatory for all employers under Employee Provident Fund Act, 1952

Published on: 23-JUN-2015
Important for Exam: 6 people agreed

The UAN facility that remains portable throughout the lifetime of an employee was launched by Prime Minister Narendra Modi in October 2014.

Overnight Liquid Transaction facility on NSE’s Web-based Mutual Fund platform began functioning

Published on: 22-JUN-2015
Important for Exam: 8 people agreed

Earlier in May 2015, a similar product was introduced by Bombay Stock Exchange (BSE) to allow the participants to place purchase and redemption orders simultaneously in liquid schemes

Union Ministry of Finance released Draft Outline of Sovereign Gold Bond Scheme

Published on: 20-JUN-2015
Important for Exam: 3 people agreed

It is aimed at shifting part of the estimated 300 tons of physical bars and coins purchased every year for investment into Demat gold bonds.

Union Ministry of Finance formed two committees for facilitating implementation of GST

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

These committees are intended to speed up the process of establishing necessary administrative infrastructure to implement the GST.

CCEA approved Minimum Support Prices for Kharif Crops of 2015-16 season

Published on: 19-JUN-2015
Important for Exam: 7 people agreed

The CCEA decided to give a bonus of 200 rupees per quintal for pulses over and above the recommendations of the CACP in view of a huge deficit of pulses in the country.

CCEA approved setting up of 2000 MW of Grid connected Solar PV Power Projects under JNNSM

Published on: 18-JUN-2015
Important for Exam: 1 people agreed

The project will be developed on Build, Own and Operate basis by Solar Power Developers (SPDs) with Viability Gap Funding (VGF).

Union Government launched Cluster Development Programme for Pharma Sector

Published on: 18-JUN-2015
Important for Exam: 6 people agreed

The scheme is intended to enhance quality, productivity and innovative capabilities of the Small and Medium Enterprises (SMEs) in the pharmacy sector.

Union Government decided to increase number of work days under MGNREGA in drought hit areas

Published on: 18-JUN-2015
Important for Exam: 15 people agreed

The cost of providing 50 more days of work to the rural households will be borne by the Union Government and it will be applicable to those households only that complete its 100 days work.

Union Cabinet revised target of solar power under JNNSM to 100000 MW by 2022

Published on: 18-JUN-2015
Important for Exam: 4 people agreed

The earlier target was producing solar power of 20000 MW by 2022.

India’s trade deficit in May 2015 narrowed to 10.4 billion US dollars

Published on: 17-JUN-2015
Important for Exam: 6 people agreed

Exports during May 2015 were valued at 22.34 billion US dollars which was 20.19 percent lower than the level of 27.99 billion US dollars during May 2014.

Bibek Debroy committee on railway restructuring submitted report to Union Ministry of Railways

Published on: 15-JUN-2015
Important for Exam: 5 people agreed

The High Level Committee (HLC) headed by Dr Bibek Debroy was formed in September 2015.

RBI issued final guidelines for 6-year and 13-year Interest Rate Futures

Published on: 13-JUN-2015
Important for Exam: 16 people agreed

For this purpose, RBI amended the Interest Rate Futures (Reserve Bank) Directions, 2013 dated 5 December 2013.

CCEA approved 4721 crore rupees road projects in Madhya Pradesh, Telangana

Published on: 11-JUN-2015
Important for Exam: 12 people agreed

The projects will be executed under the flagship road building programme National Highways Development Project (NHDP).

RBI issued Draft Framework on Issuance of Rupee linked Bonds Overseas

Published on: 10-JUN-2015
Important for Exam: 10 people agreed

It is intended to permit Indian corporate and International Financial Institutions to issue rupee-linked bonds overseas.

RBI announced Strategic Debt Restructuring Scheme

Published on: 10-JUN-2015
Important for Exam: 6 people agreed

The scheme will benefit Scheduled Commercial Banks and term-lending and refinancing institutions which are suffering from high Non Performing Assets (NAPs).

IREDA awarded Miniratna (Category-1) status by Department of Public Enterprises

Published on: 05-JUN-2015
Important for Exam: 16 people agreed

Grant of status allows IREDA to make capital expenditure on new projects, modernization, purchase of equipment, etc. without Government approval up to 500 crores rupees, or equal to their net worth, whichever is lower.

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