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India’s GDP to grow at 7.5% for 2016-17

Published on: 04-MAY-2016
Important for Exam: 2 people agreed

The IMF report said that this growth momentum is expected to be underpinned by private consumption, which has benefited from lower energy prices.

Union Commerce Ministry launched EXIM Analytics Dashboard for export, import data

Published on: 04-MAY-2016
Important for Exam: 0 people agreed

EXIM Analytics represents data graphically exposing patterns, trends and correlations that might go undetected in text-based data.

NABARD partners Germany for food security initiative

Published on: 30-APR-2016
Important for Exam: 12 people agreed

The programme is part of the German government's recently introduced special initiative 'One World, No Hunger' initiative. India is the only country in Asia chosen for this initiative.

India may surpass China in attracting FDI: Nomura

Published on: 27-APR-2016
Important for Exam: 6 people agreed

The trend of rising inflows to India and moderating inflows to China began in 2013 and FDI inflows to India can surpass those into China in 2016.

Union Government renamed Department of Disinvestment as DIPAM

Published on: 21-APR-2016
Important for Exam: 6 people agreed

DIPAM will work under Union Finance Ministry and it will deal with all matters relating to management of central government investments in equity including disinvestment of equity in central public sector undertakings.

Report of Technical Committee on Large Scale Integration of Renewable Energy released

Published on: 19-APR-2016
Important for Exam: 1 people agreed

The committee in its report has recommended 15 point action plan for facilitating large scale integration of renewable energy in the country.

Indian Railway used drone for the first time to inspect Dedicated Freight Corridor project

Published on: 18-APR-2016
Important for Exam: 4 people agreed

A drone is a flying robot which can be remotely handled through software-controlled flight plans embedded in its systems working in conjunction with GPS

ONGC took over Tapti gas field infrastructure to boost Daman gas Production

Published on: 14-APR-2016
Important for Exam: 5 people agreed

The merger would save time for the company and an investment worth up to 4000 crore rupees to bring the neighbouring Daman block into production before the schedule.

RBI gave in-principle approval to Airtel payments bank

Published on: 13-APR-2016
Important for Exam: 6 people agreed

AMSL is a wholly owned subsidiary of Airtel, which offers mobile money services under the brand name Airtel Mone. It proposes to convert the existing pre-paid payment instrument license into a Payments Bank license as per the guidelines prescribed by the Reserve Bank of India.

CCEA approved Andrew Yule proposal to convert Bank of Baroda’s loan into equity

Published on: 07-APR-2016
Important for Exam: 3 people agreed

This conversion of WCTL will pave the way for disinvestment of the Kolkata-based PSU in the next three months.

Union Cabinet allowed Oil PSUs to have independent crude import policy

Published on: 07-APR-2016
Important for Exam: 7 people agreed

The decision will replace the existing policy on crude oil import by Oil PSUs and vest the oil PSUs with the power to evolve their own policies.

RBI cut Repo Rate by 0.25% in first Bi-Monthly Monetary Policy Statement 2016-17

Published on: 06-APR-2016
Important for Exam: 22 people agreed

The policy repo rate under the liquidity adjustment facility (LAF) was reduced by 25 basis points from 6.75 per cent to 6.5 per cent, the lowest in 5 years.

India signed agreement with Germany’s KfW for 500 million Euro loan to Nagpur Metro

Published on: 04-APR-2016
Important for Exam: 2 people agreed

The loan period is 20 years with a moratorium of five years and disbursal will be based on the progress of the project over three years.

Union Government extended safeguard duty on steel imports

Published on: 01-APR-2016
Important for Exam: 3 people agreed

As per notification, the duty will apply to hot-rolled flat products of non-alloy and other alloy steel in coils of 600 mm width.

EIB announced loan of 33 billion rupees for Lucknow metro

Published on: 31-MAR-2016
Important for Exam: 9 people agreed

The 450 million Euros long-term loan will be used to finance the first metro line in Lucknow, including both construction of the 23km long new metro line and a fleet of metro trains.

Russia approved OVL deal to acquire 15% stake in Vankor oilfield for $1.3 billion

Published on: 30-MAR-2016
Important for Exam: 4 people agreed

The deal was signed between the ONGC Videsh Ltd and Rosneft in September 2015.

DIPP notified Guidelines for 100% FDI in B2B E-commerce

Published on: 30-MAR-2016
Important for Exam: 8 people agreed

The guidelines were issued under the Consolidated FDI Policy Circular 2015 that was unveiled by the DIPP of the Ministry of Commerce and Industry in May 2015.

RBI signed Special Currency Swap Agreement with the Central Bank of Sri Lanka

Published on: 30-MAR-2016
Important for Exam: 3 people agreed

Under the arrangement, the Central Bank of Sri Lanka can draw up to 700 million US dollars for a maximum period of three months.

SEBI hiked FPI investment limit for government debt

Published on: 30-MAR-2016
Important for Exam: 5 people agreed

The limit was increased to 140000 crore rupees from 135400 crore rupees and will be effective from 4 April 2016.

RBI cancelled Certificate of Registration of 22 NBFCs

Published on: 30-MAR-2016
Important for Exam: 2 people agreed

RBI cancelled their certificates of registration by exercising the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

CBDT signed 11 unilateral Advance Pricing Agreements

Published on: 30-MAR-2016
Important for Exam: 5 people agreed

It cover a range of international transactions, including corporate guarantees, royalty, software development services, IT enabled services and trading.

USAID and ADB signed MoU to develop solar parks in India

Published on: 29-MAR-2016
Important for Exam: 16 people agreed

This agreement between USAID and ADB will help finance the development of solar parks in support of the Government of India’s renewable energy targets.

RBI issued revised Framework for Revival and Rehabilitation of MSMEs

Published on: 26-MAR-2016
Important for Exam: 3 people agreed

The Framework shall be applicable to MSMEs having loan limits up to 25 crore rupees including accounts under consortium or multiple banking arrangement and needs to be implemented by banks by 30 June 2016.

Union Ministry of Finance notified interest rates on various Small Saving Schemes for Q1 of 2016-17

Published on: 21-MAR-2016
Important for Exam: 6 people agreed

Though announcement of revised interest rates in March every year is in tune with the practice established in 2012-13, this is the first revision since the Government notified for quarterly revision in February 2016.

Union Government imposed anti-dumping duty on plastic-processing imports

Published on: 16-MAR-2016
Important for Exam: 4 people agreed

The duty will be levied on all kinds of plastic-processing machines imported from Chinese Taipei, Malaysia, the Philippines and Vietnam.

India Post selected Deloitte as consultant for payments bank

Published on: 15-MAR-2016
Important for Exam: 7 people agreed

India Post payments bank will largely target unbanked and under-banked customers in rural, semi-rural and remote areas, with a focus on providing simple deposit products and money remittance services.

India, IMF signed an agreement to set up SARTTAC

Published on: 13-MAR-2016
Important for Exam: 13 people agreed

The SARTTAC will become the focal point for planning, co-ordinating and implementing IMF's capacity development activity in the region on a wide range of issues.

India to supply 18 Meter Gauge Diesel Electric Locomotives to Myanmar

Published on: 12-MAR-2016
Important for Exam: 3 people agreed

The supply contract of locomotives is a vital project being funded under an existing line of credit extended to Myanmar by Union Government.

Capacity utilisation criteria for SSP Manufacturing Units scrapped

Published on: 12-MAR-2016
Important for Exam: 2 people agreed

The decision, which comes into effect immediately, will enable small units to avail the subsidy and resulting in availability of cheaper fertilizers for farmers.

CCEA approved revised policy on gas production from Deep Waters & HPHT areas

Published on: 11-MAR-2016
Important for Exam: 4 people agreed

The revised policy seeks to grant marketing and pricing freedom for new gas production from these areas so that domestic gas production is improved and dependence on imports is reduced.

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