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Economy
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Union Cabinet of India Approved the Creating 20751 Additional Posts in Income Tax Department
Published on: 24-MAY-2013
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.
Indian Rupee touched New 6-Month Low at 55.83 against US Dollar
Published on: 23-MAY-2013
The Indian rupee on 23 May 2013 declined by 37 paise to trade at a fresh six-month low of 55.83
Union Government proposed Stronger Powers to SEBI for tackling Ponzi Schemes
Published on: 20-MAY-2013
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 Percent during Jan-Mar 2013
Published on: 20-MAY-2013
Demand for gold in India increased by 27 per cent to 256.5 tonnes during the January-March 2013 quarter
Civil Aviation Ministry directed Airlines to Limit Number of Privileged Seats
Published on: 20-MAY-2013
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.
Government cut Import Tariff Value of Gold and Silver
Published on: 18-MAY-2013
The government cut the import tariff value of gold and silver to 466 US dollars per ten grams
CCEA approved the Same Scale of Allocation to APL Families
Published on: 18-MAY-2013
CCEA on 16 May 2013 approved the continuation of the same scale of allocation to APL families during 2013-14
Union Govt ratified 8.5 Percent interest on PF Deposits for 2012-13
Published on: 16-MAY-2013
Finance Ministry approved payment of 8.5 per cent interest rate for 2012-13 from 8.25 per cent in the previous fiscal.
International Monetary Fund (IMF) approved 1.3 bn Dollars loan for Cyprus
Published on: 16-MAY-2013
IMF on 15 May 2013 approved a three-year, 1.3 billion dollars loan for supporting Cyprus’ attempts to stabilize its financial sector.
RBI decided to Launch Inflation Indexed Bonds (IIBs)
Published on: 16-MAY-2013
The RBI (Reserve Bank of India) on 15 May 2013 decided to launch Inflation Indexed Bonds (IIBs).
Union Government hiked Backward Region Grant Fund Entitlement for Uttar Pradesh
Published on: 16-MAY-2013
Backward Region Grant Fund was increased to 818.17 crore rupees for 2013-14 from 667 crore rupees for Utatr Pradesh by Union Government.
Reserve Bank of India directed Banks to follow Clean Note Policy
Published on: 15-MAY-2013
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.
WPI Inflation eased to 4.89 percent in April 2013 as Per Official Data
Published on: 14-MAY-2013
As per official data released on 14 May 2013, WPI Inflation eased to 4.89 percent in April 2013.
Exports in India grew up by 1.6 percent in April 2013
Published on: 14-MAY-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.
Total Value of Mineral Production During March 2013 was 20475 Crore Rupees
Published on: 14-MAY-2013
The total value of mineral production (excluding atomic & minor minerals) in the country during March 2013 was 20475 crore rupees.
Reserve Bank of India imposed Restrictions on Gold Import by Banks
Published on: 14-MAY-2013
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(NSE) launched Debt Trading Platform
Published on: 13-MAY-2013
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 Percent in April 2013
Published on: 13-MAY-2013
Retail inflation declined to 9.39 per cent in April because of reduction in prices of vegetables, edible oil and protein-based items
Inter-Ministerial Group approved 10% Equity Sale in Coal India Limited
Published on: 11-MAY-2013
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 declared Transformation by Implementation of Cost Cutting Measures
Published on: 10-MAY-2013
Air India is set to implement transformation programmes by implementing cost cutting measures suggested by the five member committee.
CCEA approved Proposal to set-up 2 Major Ports in Bengal and Andhra Pradesh
Published on: 10-MAY-2013
Proposal from Ministry of Shipping to set-up two ports in Andhra Pradesh and West Bengal were approved by CCEA on 9 May 2013.
India is the largest Producer and Consumer of Chickpeas in World
Published on: 09-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 set 325-billion Dollars Export Target for 2013-14
Published on: 09-MAY-2013
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.
Foreign Exchange Earnings from Tourism grew by 7 percent in April 2013
Published on: 08-MAY-2013
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 approved Kerala's Start-up Village Angel Fund of 10 million Dollars
Published on: 07-MAY-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.
India's Services Growth hit 18-month low: HSBC
Published on: 06-MAY-2013
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.
Asian Development Bank to provide 6 billion Dollars to India over next 3 years
Published on: 06-MAY-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 2013 Exceeded its Target
Published on: 04-MAY-2013
Foodgrains output for 2012-13 was revised by the Government of India by 5.22 million tonnes for wheat, rice and coarse cereals.
CCEA approved Exchange Trade Fund for PSU stocks
Published on: 03-MAY-2013
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 reduced the Repo Rate by 25 Basis Points to 7.25 Percent
Published on: 03-MAY-2013
RBI on 3 May 2013 reduced the policy repo rate by 25 basis points to 7.25 per cent
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