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FICCI’s Economic Outlook Survey estimated India’s GDP growth rate at 5.6 percent in 2014-15

Published on: 15-SEP-2014
Important for Exam: 27 people agreed

FICCI’s Economic Outlook Survey estimated that GDP growth rate of India will be at 5.6 percent in 2014-15.

RBI closed six UCBs suspected of money laundering

Published on: 15-SEP-2014
Important for Exam: 31 people agreed

RBI closed down six Urban Cooperative Banks which were suspected of being used to route illegal money. RBI didn’t disclose the names of these UCBs.

SBI celebrated 150 years of its operations in Sri Lanka

Published on: 13-SEP-2014
Important for Exam: 62 people agreed

State Bank of India (SBI) on 13 September 2014 celebrated 150 years of its operations in Sri Lanka.

RBI fixed the upper age limit at 70 years for M.D. and CEO in private sector banks

Published on: 13-SEP-2014
Important for Exam: 50 people agreed

The Reserve Bank of India on 9 September 2014 decided to fix the upper age limit at 70 years for M.D and CEO in private sector banks

Union Government launched New Payment Gateway Integrated to e-Filing System

Published on: 12-SEP-2014
Important for Exam: 58 people agreed

Union Ministry of Commerce and Industry on 8 September 2014 launched a New Payment Gateway Integrated to e-Filing System of IPOI

SEBI censured BSE for guilty of lapses in share sale of NMDC

Published on: 12-SEP-2014
Important for Exam: 13 people agreed

SEBI found BSE guilty of lapses while conducting 6000 crore rupees share sale of NDMC and censured the bourse for its conduct.

Union Government launched RVC service for smooth transportation of perishable goods

Published on: 12-SEP-2014
Important for Exam: 29 people agreed

Union Agriculture Minister launched Reefer Vehicle Call-in-Centre (RVC) for smooth transportation of perishable goods.

Highest percentage of hired workers in India is in Arunachal Pradesh: 6th Economic Census

Published on: 11-SEP-2014
Important for Exam: 35 people agreed

Highest percentages of hired workers in India are present in Arunachal Pradesh. This was revealed by the provisional results of the 6th Economic Census

CCEA approved stake sale in CIL, ONGC and NHPC

Published on: 11-SEP-2014
Important for Exam: 6 people agreed

CCEA approved the disinvestment of the stake of CIL, ONGC and NHPC to garner a combined 43 thousand crore rupees.

Moody's Analytics released a report titled India outlook: Prospects Brighten

Published on: 11-SEP-2014
Important for Exam: 23 people agreed

Moody’s Analytics released the report titled India Outlook: Prospects Brighten in the second week of September 2014.

Government approved 7% hike in Dearness Allowance

Published on: 05-SEP-2014
Important for Exam: 40 people agreed

Government approved 7% hike in DA to Central Government employees and Dearness Relief to pensioners. The notification will be effective from 1 July 2014.

India slipped to 71st rank in WEF's annual Global Competitiveness List 2014-2015

Published on: 04-SEP-2014
Important for Exam: 60 people agreed

India slipped to 71st position in the global competitiveness list of World Economic Forum.

CAD narrowed down to 1.7 per cent of GDP in Q1 of 2014-15: RBI

Published on: 03-SEP-2014
Important for Exam: 56 people agreed

CAD in Q1 of 2014-15 narrowed down to 1.7 percent due to fall in gold imports.

RBI issued guidelines on implementation of Basel III Capital Regulations

Published on: 02-SEP-2014
Important for Exam: 120 people agreed

RBI issued guidelines on implementation of Basel III Capital Regulations.

Union Government relaxed onion import norms

Published on: 02-SEP-2014
Important for Exam: 12 people agreed

Union Government relaxed the import norms of Onion. It allowed fumigation in India up to 30 November 2014.

RBI asked banks to set time line to process loans

Published on: 02-SEP-2014
Important for Exam: 52 people agreed

To expedite credit decisions, RBI asked banks to set a timeline to process loans. However, RBI didn’t set any particular time frame for it.

Union Government to SC: It wants re-auction of all 218 coal blocks

Published on: 02-SEP-2014
Important for Exam: 16 people agreed

Government informed to Supreme Court that it wants to re-auction of all 218 the coal blocks declared illegal by it.

Union Government notified enhancing the social security cover limit under EPFO

Published on: 30-AUG-2014
Important for Exam: 176 people agreed

Union Government on 28 August 2014 notified enhancing the social security cover limit under the social security...

SEBI issued norms for sharing KYC details with financial regulators

Published on: 30-AUG-2014
Important for Exam: 93 people agreed

The Securities and Exchange Board of India (SEBI) on 30 August 2014 allowed sharing of Know-your-Client details with entities

India Signed agreement with World Bank for MSRPII project

Published on: 30-AUG-2014
Important for Exam: 118 people agreed

India signed Loan Agreements with World for IDA assistance Mizoram State Roads Project.

CBDT set up four-member Committee to scrutinize retrospective tax amendment

Published on: 29-AUG-2014
Important for Exam: 25 people agreed

The CBDT on 28 August 2014 set up a four-member high-level committee to scrutinize the retrospective tax amendments.

Cabinet Committee on Economic Affairs approved Urea Production from Naphta

Published on: 29-AUG-2014
Important for Exam: 43 people agreed

The Cabinet Committee on Economic Affairs  on 27 August 2014 approved the continuation of production of urea...

Union Government notified Securities Laws Amendment Act, 2014

Published on: 29-AUG-2014
Important for Exam: 21 people agreed

Government has notified Securities Laws Amendment Act that empowers SEBI to clamp down on illicit money-pooling schemes and arrest of defaulters.

Government approved swapping of Save Our Soul village land with AAI's land

Published on: 29-AUG-2014
Important for Exam: 11 people agreed

Union Cabinet meet chaired by Prime Minister approved the swapping of Save Our Soul (SOS) village land in Borjhar with the AAI airport land.

IRCTC launched new application to book tickets for Black Berry smartphone users

Published on: 29-AUG-2014
Important for Exam: 16 people agreed

IRCTC has launched a new application to book tickets for Black Berry smartphone users. The application is user friendly and easy to operate.

Union Cabinet announced to lift the restriction of one LPG cylinder per month

Published on: 28-AUG-2014
Important for Exam: 31 people agreed

Union Cabinet on 27 August 2014 announced to lift the restriction of one LPG cylinder per month per household....

DIPP notified Press Note 8 allowing 100% FDI in Rail infrastructure

Published on: 28-AUG-2014
Important for Exam: 42 people agreed

Department of Industrial Policy and Promotion (DIPP) under the Union Ministry of Commerce and Industry on 27 August 2014 notified Press Note 8

Union Finance Ministry ordered forensic audit of Dena bank and Oriental Bank of Commerce

Published on: 27-AUG-2014
Important for Exam: 52 people agreed

Union Finance Ministry on 20 August 2014 ordered a forensic audit of the state-run Oriental Bank of Commerce (OBC) and Dena Bank...

Union Cabinet approved hike in mining royalty rates on minerals

Published on: 27-AUG-2014
Important for Exam: 13 people agreed

The Union Cabinet on 20 August 2014 gave nod to increase the mining royalty rates with a few exceptions like coal, lignite

GST Panel decided to lower threshold limit for imposing GST to 10 Lakh rupees

Published on: 26-AUG-2014
Important for Exam: 26 people agreed

Goods and Services Tax (GST) Panel on 20 August 2014 decided to lower the threshold limit for imposing GST on entities to 10 lakhs rupees

CCI imposed penalty of 2545 crore rupees on 14 car makers for unfair practices

Published on: 26-AUG-2014
Important for Exam: 34 people agreed

CCI imposed a combined penalty of more than 2545 crore rupees on 14 car companies for unfair business practices in the spare parts market.

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