India This Week: 16 April-22 April 2012

A compilation of all the important topics and events of the week is given here. Update you Current Affairs Weekly with our India This week.

May 2, 2012 16:18 IST
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You can read compilation of all the important topics and events of the week. Update your Current Affairs Weekly with our India This Week.

16 April
•    Conference of CMs on Internal Security held in New Delhi

17 April
•    Reserve Bank of India (RBI) banned banks from charging a prepayment penalty on floating rate home loans
•    Defence Ministry decided to set up three new committees to accelerate procurements and border infrastructure projects
•    Reserve Bank of India (RBI) instructed commercial banks to reduce their exposure to gold loan companies to 7.5% of their capital funds from the existing 10%
•    Veteran litterateur, freedom fighter and former Minister Nityananda Mohapatra died

18 April
•    Union government decided to liberalise the external commercial borrowing (ECB) norms for the power sector
•    As per the government data released, retail inflation shot up to 9.47% in March 2012 because of higher prices of milk, vegetables, protein-based items and edible oil products
•    President Pratibha Patil released a commemorative postage stamp to mark the birth centenary of President R. Venkataraman at Rashtrapati Bhavan
•    Union government approved Cairn India’s proposal to ramp up output at its Rajasthan block by 25000 barrels per day

19 April

•    Commerce Secretary announced that India surpassed the export target of $300 billion for 2011-12. However, imports surged by 32.1 per cent to $488.6 billion thereby leaving the highest-ever trade deficit of $184.9 billion.
•    Union government permitted companies engaged in the aviation sector to raise working capital resources through the external commercial borrowings (ECBs) route to the tune of $1 billion
•    TRAI approved increase in processing fee for all mobile recharge coupons (top-up vouchers) priced above Rs 20

20 April

•    TRAI issued a directive to all mobile phone operators in India making it mandatory for the operators to offer a per second billing option to customers

21 April

•    The seventh Civil Services Day observed


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