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Telecom Commission decided to Allow Mobile Phone
Companies to Share 2G spectrum Only
Current Affairs Week: 30 Jan 2012 to 05 Feb 2012
Economy Current Affairs 2012. Telecom Commission decided to allow mobile phone
companies to share spectrum. The Commission has however limited this facility to 2G
airwaves alone
Department of Industrial Policy & Promotion to Design FDI
Policy for Power Exchanges
Current Affairs Week: 30 Jan 2012 to 05 Feb 2012
Economy Current Affairs 2012. Union finance ministry urged the department of
industrial policy and promotion to design FDI policy for power exchanges on lines of
commodity exchanges
Growth Rate of Eight Core Industries fell to 3.1% in
December 2011 from 6.3% in December 2010
Current Affairs Week: 30 Jan 2012 to 05 Feb 2012
Economy Current Affairs 2012. Growth of these eight sectors during April-December
2011 was 4.4 per cent against 5.7 per cent during the corresponding period in
2010
SEBI to enhance Minimum Investment Amount Per Client
managed by Portfolio Managers to Rs.25 lakh
Current Affairs Week: 30 Jan 2012 to 05 Feb 2012
Economy Current Affairs 2012. SEBI decided to enhance the minimum investment
amount per client managed by portfolio managers to Rs.25 lakh from Rs.5 lakh
C R Sundaramurti Committee recommended Overhaul of
Government Accounting Norms
Current Affairs Week: 23 Jan 2012 to 29 Jan 2012
Economy Current Affairs 2012. C R Sundaramurti Committee report to finance
minister Pranab Mukherjee suggested a complete overhaul of government
accounting norms
Pension Regulator PFRDA changed the Incentive Structure
to boost National Pension System
Current Affairs Week: 23 Jan 2012 to 29 Jan 2012
Economy Current Affairs 2012. PFRDA changed the incentive structure for the
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distributors from a fixed sum to a percentage of the investment amount
RBI cut the Cash Reserve Ratio (CRR) by 50 basis points
from 6 per cent to 5.5 per cent
Current Affairs Week: 23 Jan 2012 to 29 Jan 2012
Economy Current Affairs 2012. RBI cut the cash reserve ratio (CRR) by 50 basis
points from 6 per cent to 5.5 per cent with effect from 28 January 2012
Gems & Jewellery Exports dipped 15% year-on-year to $3
billion in December 2011
Current Affairs Week: 23 Jan 2012 to 29 Jan 2012
Economy Current Affairs 2012. GJEPC reported 15%dip in gems and jewellery
exports which went down to $3 billion in December 2011
Corporate Indias Sales to Grow 21.6% in 2011-12, as per
Centre for Monitoring Indian Economy Review
Current Affairs Week: 23 Jan 2012 to 29 Jan 2012
Economy Current Affairs 2012. Centre for Monitoring Indian Economy (CMIE)
estimated Corporate Indias sales to grow 21.6% in 2011-12
Tourism Sector Committee to Extend Visa-on-Arrival Facility
double Foreign Tourist Arrivals
Current Affairs Week: 16 Jan 2012 to 22 Jan 2012
India Current Affairs 2011. Inter-ministerial committee for tourism sector decided to
extend Visa-on-Arrival facility to Goa, Hyderabad, Kochi & Bangaluru airports to help
double the foreign tourist arrivals
Telecom Regulator ordered Telecom Companies to Block
Bulk International SMS
Current Affairs Week: 16 Jan 2012 to 22 Jan 2012
Economy Current Affairs 2012. Telecom Regulatory Authority of India on 20 January
2012 asked telecom companies to block bulk international SMS
RBI permitted Banks to allow Hedging in Commodities in
International Exchanges
Current Affairs Week: 16 Jan 2012 to 22 Jan 2012
Economy Current Affairs 2012. RBI allowed banks to grant permission to listed and
unlisted companies to hedge price risk in commodities other than precious metals
Indian Rupee rose by 6.6% on 18 January 2012 from its Life
Low of 54.30 touched on 15 December 2011
Current Affairs Week: 16 Jan 2012 to 22 Jan 2012
Economy Current Affairs 2012. Indian rupee rose to a two-month high and shares
climbed on 18 January 2012 as a result of revival of US dollar flows
Cheaper Food Items got the Consumer Price Index down by
0.44 % Month-on-month in December 2011
Current Affairs Week: 16 Jan 2012 to 22 Jan 2012
Economy Current Affairs 2012. Cheaper food items, including fruit and vegetables,
pulled down the Consumer Price Index (CPI) by 0.44 per cent month-on-month in
December 2011
TRAI proposed a Fee of Rs.20 crore for a National-level
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Eight Core Sector registered 8 Per Cent
Growth in May 2012
Uttar Pradesh Government decided to
increase the tax on Tobacco Products
Sharad Pawar announced as new head
EGoM on telecom
POSCO entered Toyota Motor;Challenged
its rival Nippon Steel
Hindustan Unilever launched Pureit
Advanced
HDFC Bank to slash lending rate by 0.2
percent
India-South Korea met for Second Foreign
Policy and Security Dialogue in New Delhi
US Supreme Court held US Health Care
Law Constitutional
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Current Affairs Week: 16 Jan 2012 to 22 Jan 2012
Economy Current Affairs 2012. Telecom Regulatory Authority of India roposed a fee
of Rs.20 crore for a national-level unified licence under the new regime
Government doubled Import Duty on Gold & Silver by
changing Customs & Excise Duty Structure
Current Affairs Week: 16 Jan 2012 to 22 Jan 2012
Economy Current Affairs 2012. Union government nearly doubled the import duty
on gold and silver by changing the customs and excise duty structure on precious
metals
India's Exports recorded a Growth of 6.7 per cent year-on-
year in December 2011
Current Affairs Week: 16 Jan 2012 to 22 Jan 2012
Economy Current Affairs 2012. India's exports recorded a subdued growth of 6.7
per cent year-on-year in December 2011 on account of poor demand in Europe and
the US
Dip in Food Prices caused Inflation to dip to a year low at
7.47% in December 2011
Current Affairs Week: 16 Jan 2012 to 22 Jan 2012
Economy Current Affairs 2012. As per the WPI published by the government ,
reduced food prices caused the inflation to dip to a year low at 7.47% in December
2011
India extended for Five Years Anti-dumping Duty on Import of
Four Chinese Products
Current Affairs Week: 16 Jan 2012 to 22 Jan 2012
Economy Current Affairs 2012. India extended for five years anti-dumping duty on
import of four Chinese products in the face of widening trade gap with China
SEBI unveiled Rules governing Direct Investment in Stocks
by Foreign Investors
Current Affairs Week: 16 Jan 2012 to 22 Jan 2012
Economy Current Affairs 2012. Market regulator SEBI unveiled rules for direct
investment in stocks by foreign investors, including individuals
Foreign Exchange Reserves dipped $3.2 billion to $293.5
billion as on 6 January 2012
Current Affairs Week: 16 Jan 2012 to 22 Jan 2012
Economy Current Affairs 2012. Foreign exchange reserves fell to a 15-month low.
Reserves dipped $3.2 billion to $293.5 billion as on 6 January 2012
RBI issued Guidelines on Compensation of Wholetime
Directors, CEOs in Private & Foreign Banks
Current Affairs Week: 16 Jan 2012 to 22 Jan 2012
Economy Current Affairs 2012. RBI issued guidelines on compensation of wholetime
directors, chief executive officers and other risk takers in private and foreign banks
Industrial Production bounced back with a Growth of 5.9 per
cent in November 2011
Current Affairs Week: 09 Jan 2012 to 15 Jan 2012
Economy Current Affairs 2012. Industrial production bounced back with a growth of
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5.9 per cent in November 2011, marking a five-month high
Commerce Ministry lowered Minimum Export Price of Onions
to $150 a tonne to Boost Export
Current Affairs Week: 09 Jan 2012 to 15 Jan 2012
Economy Current Affairs 2012. Commerce Ministry lowered the minimum export
price of onions by $100 a tonne to $150 a tonne to boost exports
PMO directed Cash-rich PSUs to Invest around Rs.1.76 lakh
crore for Stimulus
Current Affairs Week: 09 Jan 2012 to 15 Jan 2012
Economy Current Affairs 2012. PMO directed cash-rich PSUs to invest around
Rs.1.76 lakh crore, including Rs.1.41 lakh crore domestically to act as a stimulus
Department of Industrial Policy and Promotion notified 100%
FDI in Single-brand Retail
Current Affairs Week: 09 Jan 2012 to 15 Jan 2012
Economy Current Affairs 2012. DIPP notified the rules allowing 100% foreign direct
investment (FDI) in single-brand retail
Indirect Tax Collections increased 16.1 per cent to Rs 285787
crore during April-December 2011
Current Affairs Week: 09 Jan 2012 to 15 Jan 2012
Economy Current Affairs 2012. Indirect tax collections increased 16.1 per cent to Rs
285787 crore during April-December 2011 driven by an increase in service tax
Moodys upgraded Short-term Country Ceiling on Foreign
Currency Bank Deposit from NP to Prime
Current Affairs Week: 09 Jan 2012 to 15 Jan 2012
Econmy Current Affairs 2012. Moodys Investor Services upgrade the short-term
country ceiling on foreign currency bank deposit increasing from NP (not prime) to
Prime (P-3)
Foreign Direct Investment (FDI) into India went up by 56% to
$2.53 billion in November 2011
Current Affairs Week: 09 Jan 2012 to 15 Jan 2012
Economy Current Affairs 2012. Foreign direct investment into India went up by 56%
to $2.53 billion in November 2011, indicating an improvement in investor sentiment
Union Government to incentivise Unlisted PSUs to Help them
come up with Initial Share Offerings
Current Affairs Week: 09 Jan 2012 to 15 Jan 2012
Economy Current Affairs 2012. Union government decided to incentivise the
unlisted PSUs to help them come up with initial share offerings in the stock market
in 2012-13
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