Sunday 17 November 2013

Current Affairs – Economic News of October-November

1. RBI allowed third-party payment for Export and Import Transactions.
2. FDI inflows into the Service Sector declined by 47.5 %.
3. RBI permitted foreign banks subsidiaries to acquire domestic private sector banks.
4. Gross Direct Tax Collections during April-October in 2013-14 up by 11.58 Percent.
5. Bhubaneswar and Imphal airports were Declared as International Airports.
6. Government decided to extend the sale of 5 kg LPG cylinders at petrol pumps.
7. CCEA approved the launch of the IPDS for Textiles Industry.
8. Reserve Bank of India Increased the Repo Rate by 25 Basis Points to 7.75 % from 7.50%.
9. RBI Allowed Banks to Revise Periodicity of Interest Payments.
10. India’s Foreign Exchange Reserves touched 279.24 Billion US Dollars.
11. India Signed Pact with World Bank for Uttar Pradesh Water Sector Restructuring Project.
12. India’s Foreign Exchange Reserves jumped to 281.12 Billion US Dollars.
13. CCEA increased the Minimum Support Price of Wheat by 50 Rupees per Quintal.
14. China and EU Signed a Bilateral Currency Swap Agreement.
15. Total Number of Telecom Subscribers increased to 904.46 Million.
16. Inflation Increased to 6.46 percent in September 2013; Highest in Seven Months.

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