The Union Cabinet of India on 23 May 2013 approved the proposal for creating 20751 additional posts in the Income Tax Department in various cadres.
The Indian rupee on 23 May 2013 declined by 37 paise to trade at a fresh six-month low of 55.83
The Union Government has proposed Stronger Powers to SEBI enabling it to carry out search and seizure operations and for attachment of assets.
Demand for gold in India increased by 27 per cent to 256.5 tonnes during the January-March 2013 quarter
Aviation Ministry directed airlines to limit number of privileged seats for which fees can be charged and extended time to decrease number of foreign pilots.
The government cut the import tariff value of gold and silver to 466 US dollars per ten grams
CCEA on 16 May 2013 approved the continuation of the same scale of allocation to APL families during 2013-14
Finance Ministry approved payment of 8.5 per cent interest rate for 2012-13 from 8.25 per cent in the previous fiscal.
IMF on 15 May 2013 approved a three-year, 1.3 billion dollars loan for supporting Cyprus’ attempts to stabilize its financial sector.
The RBI (Reserve Bank of India) on 15 May 2013 decided to launch Inflation Indexed Bonds (IIBs).
Backward Region Grant Fund was increased to 818.17 crore rupees for 2013-14 from 667 crore rupees for Utatr Pradesh by Union Government.
RBI directed banks to follow Clean Note Policy and not to stable the notes packet. It also directed the banks to withdraw soiled notes from circulation.
As per official data released on 14 May 2013, WPI Inflation eased to 4.89 percent in April 2013.
The exports in the month of April 2013 of India grew by 1.6 percent and stood at 24.16 billion US Dollar. Trade deficit pushed to 1.7 billion US dollar.
The total value of mineral production (excluding atomic & minor minerals) in the country during March 2013 was 20475 crore rupees.
The RBI on 12 May 2013 imposed restrictions on gold import by banks in order to moderate the demand of gold for domestic use.
National Stock Exchange, the Leading bourse on 11 May 2013 launched the country’s first dedicated debt trading platform.
Retail inflation declined to 9.39 per cent in April because of reduction in prices of vegetables, edible oil and protein-based items
Sale of 10 percent equity of the Coal India Limited was approved by the Inter-Ministerial Group headed by Ravi Mathur, the Disinvestment Secretary.
Air India is set to implement transformation programmes by implementing cost cutting measures suggested by the five member committee.
Proposal from Ministry of Shipping to set-up two ports in Andhra Pradesh and West Bengal were approved by CCEA on 9 May 2013.
FAO in its latest report for 2011 reported that India is the largest producer and consumer of Chickpeas in the world.
Union Government announced an export target of 325 billion dollars for the current financial year 2013-14 to support the slowdown in the global markets.
FEEs from Tourism Increases by More than Seven Percent in April 2013. FTAs went up by About Two Percent during the First Quarter Of 2013.
SEBI in May 2013 had approved an angel fund of 10 million Dollars to address the problem of resource crisis for start-up companies across the country.
As per the survey undertake by HSBC, India’s services sector grew at its slowest pace in one and half years during the month of April 2013.
ADB on 5 May 2013 announced that it is going to provide about 6 billion dollars loan to India over the next three years.
Foodgrains output for 2012-13 was revised by the Government of India by 5.22 million tonnes for wheat, rice and coarse cereals.
CCEA on 2 May 2013 cleared the government proposal to set up an exchange traded fund backed by a basket of PSU stocks, commonly referred as CPSEETF.
RBI on 3 May 2013 reduced the policy repo rate by 25 basis points to 7.25 per cent