(Current Affairs) Civil Services Mentor: Economy & Energy | February: 2013

Economy & Energy

  • Indian Economy Would Dominate the Economy of the World by 2030
  • UN Slashed World Growth Forecast to 2.4 %
  • Rollout of Direct Benefits Transfers started on 1 January 2013
  • Rollout on 1.1.2013 mean in practice
  • BSE launched SME Platform Index
  • Retail Inflation Increased to 9.90 Percent in November 2012
  • SEBI allowed 12 more Alternative Investment Funds
  • Core Sectors of Indian Economy Grew By 6.5 %
  • FII Investment in India surpassed more than 24000 crore
  • Foreign Investments through PNotes Increased to 8-Month Highest
  • What are P-Notes or PNs?
  • RBI signed Currency Swap Agreement with Bank of Japan
  • More Incentives Announced to Exporters Hit By Global Meltdown
  • Setting up of CCI approved
  • The Minimum Support Price of Wheat was Increased to 1350 Rupees per Quintal
  • Indirect Tax Collection Increased at 16.8 Percent to 2.92 Lakh Crore Rupees in April- November 2012
  • Union Government of India lowered the Growth Projection for Current Fiscal to 5.7 Percent
  • India’s Foreign Trade in November 2012: Exports valued at 22299.63 Million Dollars
  • EXPORTS (including re-exports)
  • IMPORTS
  • CRUDE OIL AND NON-OIL IMPORTS