RBI Increased the Repo Rate by 25 Basis Points, MSF Rate Brought Down

Published on: 21-SEP-2013

RBI on 20 September 2013 increased the repo rate or the short term lending rate by 25 basis points to 7.5
per cent from 7.25 per cent with immediate effect.
RBI liberalised norms for banks to open branches in Tier I cities
Published on: 20-SEP-2013
Reserve Bank of India (RBI) on 19 September 2013 announced that banks can open their branches in tier 1
centers without taking its permission in each case.
Bhartiya Mahila Bank Started Recruitment Process
Published on: 19-SEP-2013
Bhartiya Mahila Bank, the first nationalised bank for women expected to be operational from November
2013.
India and Latvia signed agreement on Double Tax Avoidance Agreement
Published on: 19-SEP-2013
The Government of India signed an agreement with Latvia on Double Tax Avoidance Agreement (DTAA).
Net direct tax collections increased by 12.5 percent for the current financial year
Published on: 19-SEP-2013
Net direct tax collections increased by 12.5 percent for the current financial year
Union Minister of Finance Announced Austerity Measures to Contain Rising Fiscal Deficit
Published on: 19-SEP-2013
P. Chidambaram on 18 September 2013 announced strictness measures such as a slash in the non-plan
expenditure by 10 percent to contain fiscal deficit.
Inflation Increased to 6.1 percent in August 2013; Highest in Six Months
Published on: 19-SEP-2013
Inflation Increased to 6.1percent in August 2013; Highest in Six Months
Union Government of India Hiked the Import Duty on Gold
Published on: 18-SEP-2013
The Union Government of India hiked the import duty on gold from 10 percent to 15 percent

RBI appealed against currency garlands

Published on: 17-SEP-2013
public not to use bank notes for making garlands
Union Government slashed Import Tariff Value of Gold and Silver
Published on: 16-SEP-2013
The Union Government has further slashed the import tariff value of gold to 432 dollars per 10 grams and
silver to 736 dollars per kilogram.
SEBI relaxed KYC norms for foreign investors
Published on: 13-SEP-2013
Securities and Exchange Board of India (SEBI) on 12 September 2013 issued the new Guideline to make
Know Your Client requirements (KYC).
Industrial output increased by 2.6 percent in July 2013
Published on: 13-SEP-2013
Index of Industrial Production (IIP) with base year (2004-2005=100) released the data on Industrial output
on 12 September 2013.
Cabinet approved the proposal to invest 4.3 Billion $ in the World Bank Bonds
Published on: 13-SEP-2013
Union Cabinet approved a proposal to invest in the bonds of the World Bank Group. It also approved
proposal to set two semiconductor manufacturing facilities.
Economic Outlook 2013-14 Released:Economy to Grow at 5.3 Percent in 2013-14
Published on: 13-SEP-2013
The Economic Advisory Council to the Prime Minister on 13 September 2013 released the document
Economic Outlook 2013-14
CCEA allocated Additional Five Million Tonnes of Foodgrains to BPL Families
Published on: 13-SEP-2013
CCEA approved an additional allocation of five million tonnes of foodgrains to families below the poverty
line (BPL)
RBI constituted Expert Committee to revise and strengthen Monetary Policy Framework
Published on: 13-SEP-2013

RBI has constituted an expert committee to examine its Current Monetary Policy Framework. It will be
headed by Dr. Urjit Patel.
The Government Notified Changes in the FDI Policy
Published on: 12-SEP-2013
The Union Government of India on 10 September 2013 notified changes in the FDI policy
Russia Lifted Ban on Import of Non-Basmati Rice and Oilseeds from India
Published on: 11-SEP-2013
Russia lifted the ban on import of non-basmati rice from India on 10 September 2013. It also lifted the ban
on the oilseeds.
Forward Markets Commissions Administrative Control shifted to Finance Ministry
Published on: 10-SEP-2013
The control of Forward Markets Commission was transferred to Ministry of Finance from Department of
Consumer Affairs under the Ministry of Food.
Currency Swap Arrangement with Japan enhanced to 50 billion US dollar
Published on: 10-SEP-2013
Bilateral Currency Swap Arrangements between India and Japan expanded to 50 billion US dollars.
SEBI barred 34 entities of Capital Market for Fraudulent Dealings
Published on: 09-SEP-2013
SEBI barred 34 entities from the capital market for fraudulent dealings in the shares of 12 companies. Sunil
Mehta was the main conspirator.
India's Onion Exports fell Sharply by 81 Percent in August 2013
Published on: 09-SEP-2013
India's onion exports fell sharply by 81 percent to 29247 tonnes in August 2013 as compared with August
2012
RBI issued norms for Currency Swap Window
Published on: 09-SEP-2013
The norms related to Currency Swap Window were issued by the Reserve Bank of India in Mumbai.
Currency Swap facility will be available to Scheduled Banks.
RBI Revised Gold Import Norms to Contain CAD

Published on: 07-SEP-2013

To contain the current account deficit, RBI announced some measures to curb the demand for gold in the
month of September 2013...
RBI allowed the Non-Resident Investors to buy Shares under FDI Scheme
Published on: 07-SEP-2013
RBI allowed Non-Resident Investors to purchase shares of Indian entities Under FDI Scheme. They can
buy shares from listed stock exchanges.
RBI introduced Forex Swap Window for Public Sector Oil Marketing Companies
Published on: 31-AUG-2013
Forex Swap Window for Public Sector Oil Marketing Companies introduced by RBI. This will help the oil
companies in meeting daily $ requirements.
Indias GDP Dropped to 4.4 Percent; Lowest in 4 Years
Published on: 31-AUG-2013
The Gross Domestic Product (GDP) growth of India decelerated even more to 4.4 percent, the slowest rate
of expansion since 2008 economic meltdown.
RBI allowed premature encashment of 8% Savings Bonds for Investors above 60
Published on: 31-AUG-2013
RBI permitted premature encashment of 8% savings of taxable bonds for investors of 60 years and above.
CCEA approved Continuation of Technology Upgradation Fund Scheme
Published on: 30-AUG-2013
Cabinet Committee on Economic Affairs gave its approval for continuing the Technology Upgradation
Fund Scheme during the 12th Plan period
CCI cleared stalled Infra Projects worth 1.83 Lakh Crore Rupees
Published on: 29-AUG-2013
The Cabinet Committee on Investment (CCI) on 26 August 2013 cleared 36 projects worth 1.83 lakh crore
rupees.
RBI Released the Discussion Paper on Banking Structure in India The Way Forward
Published on: 28-AUG-2013

The Reserve Bank of India on 27 August 2013 released the Discussion Paper on Banking Structure in
India The Way Forward.
The Number of Foreign Tourists in India increased to 207.31 Lakh in 2012
Published on: 27-AUG-2013
The number of foreign tourists visiting India has shown a steady increase in the past three years
RBI announced auction of two 48-days Government of India Cash Management Bills
Published on: 25-AUG-2013
RBI announced auction of two 48-days Government of India Cash Management Bills worth 22000 crore
rupees.
RBI imposed Monetary Penalty on 6 Banks for violation of KYC Guidelines
Published on: 25-AUG-2013
The Reserve Bank of India imposed monetary penalty on six banks for violation of the Know Your
Customer (KYC)/Anti Money Laundering guidelines.
RBI Further relaxed SLR to provide More Funds to Banks for Lending
Published on: 21-AUG-2013
The Reserve Bank of India (RBI) further relaxed the Statutory Liquidity Ratio (SLR)
Government of India Banned Duty-Free Import of Flat Screen TVs by Air Travellers
Published on: 20-AUG-2013
The Union Government of India on 19 August 2013 banned duty-free import of flat screen televisions by
people who travel through air.
Gold Prices hit Eight-Month High at 31760 Rupees
Published on: 18-AUG-2013
Gold price on 17 August 2013 jumped by 700 rupees in Kolkata after stocks and money markets melted
Government imposed MEP of 650 US Dollars per Tonne on Onion
Published on: 17-AUG-2013
Government on 17 August 2013 notified imposition of a minimum export price (MEP) of 650 US dollars
per tonne
Import Duty on Gold, Silver & Platinum hiked to 10 Percent by Central Government

Published on: 16-AUG-2013

The Central Government on 13 August 2013 raised customs duty on gold, silver and platinum to 10 percent
in a bid to curb the burgeoning Current Account Deficit.
Union Cabinet approved Setting up of Tax Administration Reform Commission
Published on: 16-AUG-2013
The Union Cabinet on 13 August 2013 approved the proposal for setting up of the Tax Administration
Reform Commission to establish a stable tax administration.
Indian Railways Carried 343 Million Tonnes of Freight during AprilJuly 2013
Published on: 13-AUG-2013
As per the data released by Ministry of Railways on 13 August 2013, Indian Railways carried 343 million
tonnes of freight
India's Exports during July 2013 were valued at 25834.46 Million US Dollars
Published on: 12-AUG-2013
India's exports in July 2013 were valued at 25834.46 million US dollars
Railway Revenue Earnings up by 10.74 Per Cent during April-July 2013
Published on: 12-AUG-2013
The total approximate earnings of Indian Railways on originating basis during 1 April to 31 July 2013 were
44260.16 crore rupees
India's Foreign Exchange Reserves went down to 277.167 billion US dollars
Published on: 10-AUG-2013
Foreign exchange reserves of India has fallen by 2.995 billion US dollars to 277.167 billion US dollars.
RBI announced Weekly Sale of Government Bonds to Check Fall in Rupee Price
Published on: 10-AUG-2013
RBI has decided to sell Government Bonds worth 22000 crore rupees every Monday to check volatility in
the foreign exchange market.
CCEA approved export of additional 2 million tonnes of Wheat
Published on: 09-AUG-2013
CCEA on 8 August approved export of additional 2 million tonnes of wheat from godowns of FCI.

Foreign Investment Promotion Board Cleared 12 FDI Proposals Worth 343 Crore Rupees
Published on: 07-AUG-2013
The Government of India cleared 12 FDI proposals worth 343 crore rupees. 3 proposals were rejected and 6
proposals were kept in abeyance.
The Union Government of India Slashed Customs Duty on Import of Rice Bran
Published on: 06-AUG-2013
Customs Duty on the import of rice bran and rice bran oil cake was scraped completely by the Government
through notification in August 2013.
CCEA approved continuation of Rajiv Gandhi Grameen Vidyutikaran Yojana in 12th Plan
Published on: 05-AUG-2013
Proposal of the Ministry of Power for continuation of the RGGVY during the 12th Plan period was
approved by the CCEA.
Cabinet cleared Disinvestment of 10 percent in Indian Oil Corporation
Published on: 03-AUG-2013
The CCEA on 1 August 2013 approved the proposal for sale of 10 percent Government stake in Indian Oil
Corporation (IOC).
CCEA approved Creation of the Special National Investment Fund
Published on: 03-AUG-2013
CCEA approved the creation of the Special National Investment Fund. Its objective is to meet the minimum
public shareholding of 10% in 6 CPSEs.
Union Cabinet to continue Interest Subvention of 3 Percent on Crop Loans to Farmers
Published on: 02-AUG-2013
The Union Cabinet of India on 2 August 2013 decided to continue the interest subvention of three per cent
on crop loans.
FDI to increase in Print Media from 26 Percent to 49 Percent
Published on: 02-AUG-2013
INS on 2 August 2013 approved a proposal to increase FDI from 26 percent to 49 percent in print media.
Government eased the Norms for FDI in Multi-Brand Retail
Published on: 02-AUG-2013

Union Cabinet eased the FDI norms for multi-brand retail chains. It also widened the scope of the
definition of terms, Small and Control.
The Rate of Interest Subvention Scheme for Exports Increased to Three Percent
Published on: 01-AUG-2013
The Union government of India on 31 July 2013 decided to enhance the rate of interest subvention scheme
for exports.
RBI released the First Quarter Review of Monetary Policy for 2013-14
Published on: 30-JUL-2013
RBI released the First Quarter Review of Monetary Policy for 2013-14 on 30 July 2013.
India, Saudi Arabia decided to set up Saudi-Indian Business Network (SIBN) in Riyadh and
Dammam
Published on: 26-JUL-2013
India and Saudi Arabia on 24 July 2013 have decided to set up a Saudi-India Business Network (SIBN)
separately in Riyadh and Dammam.
India achieved a Record Production of Pulses
Published on: 23-JUL-2013
India achieved a record production of 18.45 million tonnes of pulses in the 2012-13 crop year ended June
2013.
RBI reduced Realisation Period for Exporters to Nine Months
Published on: 23-JUL-2013
The Reserve bank of India on 21 July 2013 brought down the period of realisation of goods and software to
nine months from earlier 12 months.
Reserve Bank of India imposed Restrictions on Imports of Gold
Published on: 23-JUL-2013
The Reserve Bank of India on 22 July 2013 imposed certain restrictions on the import of various forms of
gold.
Revived New Bhopal Textile Mills of National Textile Corporation Inaugurated
Published on: 23-JUL-2013
The Union Minister of Textiles, K Sambasiva Rao on 22 July 2013 inaugurated the New Bhopal Textile
Mills of NTC in Bhopal.

President of India promulgated the Securities Laws (Amendment) Ordinance 2013

Published on: 21-JUL-2013
Securities Law Amendment Ordinance 2013 was promulgated by Pranab Mukherjee to provide powers to
SEBI to tackle with fraudulent investment schemes.
ICAR and the Industry to Commercialize Agri-Technologies Signed more than 60 MoUs
Published on: 21-JUL-2013
ICAR and the Industry to Commercialize Agri-Technologies signed more than 60 MoUs on Agriculture.
The MoUs were signed during, Agri-Tech Investors Meet 2013.
RBI:Indias Foreign Exchange Reserves increased to 280.19 Billion US Dollars
Published on: 20-JUL-2013
RBI on 20 July 2013 stated that Indias foreign exchange reserves increased by 21.1 million US dollars.
India signed agreement with Asian Development Bank for 60 million Dollars loan for NKUSIP
Published on: 20-JUL-2013
India signed an agreement with Asian Development Bank (ADB) on 19 July 2013 for a 60 million dollars
loan as to improve urban services.
RBI opened 25000-crores Rupees Special Liquidity Window for Mutual Funds
Published on: 18-JUL-2013
The Reserve Bank of India (RBI) on 17 July 2013 opened a special liquidity window for commercial banks
to meet the cash requirements of mutual funds (MFs).
Union Govt. approved Proposal to give SEBI more Powers
Published on: 18-JUL-2013
The Union government on 17 July 2013 approved a proposal to amend SEBI Act for providing more
powers to the market regulator to crack down on Ponzi schemes.
Government raised FDI in Telecom Sector to 100 percent
Published on: 17-JUL-2013
FDI in Telecom sector raised to 100 percent from 74 percent by the government. However, 49 percent of
the investment would be routed through automatic route.
Government allocated 1200 Crore as SCA to TSP in 2013-14
Published on: 16-JUL-2013

1200 crore budget allocated for 2013-14, under SCA to TSP. The budget will be used for employment
generation and socio-economic development of Tribals.
RBI announced slew of measures to curb Rupee Volatility
Published on: 16-JUL-2013
Reserve Bank of India (RBI) on 15 July 2013 announced measures to deal with rupee volatility.
RBI fined 22 banks for violating KYC and Anti-Money Laundering Norms
Published on: 15-JUL-2013
RBI on 15 July 2013 imposed fines of around 49.5 crore on 22 private and public sector banks for violating
KYC/anti-money laundering norms.
FDI increased into India to 2.32 Billion US Dollars in April 2013
Published on: 15-JUL-2013
FDI into India increased 25 percent year-on-year to 2.32 billion US dollars in April 2013.
India's Exports in June 2013 were valued at 23785.64 Million US Dollars
Published on: 15-JUL-2013
Indias exports during June 2013 were valued at 23785.64 million US dollars (138901.73 crore rupees).
Visa on Arrival Scheme registered 22.9 % Growth in June 2013
Published on: 13-JUL-2013
India witnessed a rise of 22.9 % growth in Visa on Arrival Scheme in June 2013 as compared to June 2012.
Japanese Tourists availed maximum facility.
CCEA approved Modified Industrial Infrastructure Upgradation Scheme
Published on: 12-JUL-2013
The government on 12 July 2013 approved the Modified Industrial Infrastructure Upgradation Scheme
(MIIUS) with an outlay of 1030 crore Rupees.
Jewellers decided to suspend Sale of Gold Coins for Six Months
Published on: 11-JUL-2013
Jewellery retailers across India on 10 July 2013 decided to suspend sale of gold coins and bars for six
months.
CCEA approved Disinvestment of government stake in State Trading Corporation and ITDC

Published on: 11-JUL-2013

The Cabinet Committee on Economic Affairs (CCEA) on 11 July 2013 approved the disinvestment of
government stake in State Trading Corporation and ITDC.
Direct Tax Collection for June Quarter of FY 2013-14 increased by 11.52 percent
Published on: 10-JUL-2013
Direct Tax Collection of April-June quarter of FY 2013-14 increased by 11.52 percent. Collection of
Corporate Taxes has gone up by 7.82 percent.
Cotton Association of India estimated Lower Production of Cotton in 2012-13
Published on: 09-JUL-2013
CAI in its latest report estimated a fall in production of cotton crop in crop season 2012-13 at 353.25 lakh
bales against the 373.25 lakh bales of 2011-12.
Proposed Investments in India fell to 75 Percent in FY12-13: Assocham
Published on: 09-JUL-2013
As per the survey conducted by Assocham in July 2013 the proposed investments by domestic and foreign
entrepreneurs declined by 75 per cent in FY 2012-13.
Railway Revenue Earnings increased by 11.93 Percent during April - June 2013
Published on: 09-JUL-2013
Indian Railways witnessed an increase of 11.93%in its approximate earnings from 1 April to 30 June 2013
and total goods earnings increased by 9.35%.
Chinas consumer inflation rose to 2.7% in June 2013
Published on: 09-JUL-2013
Consumer price inflation/Index of China scaled to 2.7 per cent year-on-year in June 2013 pushed by a 4.9
per cent rise in food prices.
India-Israel trade raised to 6 billion Dollars in 2012-13
Published on: 08-JUL-2013
The trade between India and Israel touched the 6-billion dollars mark during 2012-13.
Foreign Investment Promotion Board approved 7 Pharma FDI proposals
Published on: 06-JUL-2013

The Foreign Investment Promotion Board approved seven Foreign Direct Investments (FDI) proposals for
investment in Indian pharmaceutical companies.
Government Released Revised Online Transfer Claim Form for EPFO
Published on: 05-JUL-2013
RTC form for EPFO beneficiaries was released by Sis Ram Ola. The process is designed to develop a
system of web based services for online submission of forms.
Foreign Institutional Investors pulled out 5.6 billion Dollars from Debt Market
Published on: 03-JUL-2013
Foreign institutional investors (FII) in the Month June 2013 jumped out of the debt market, withdrawing
5.6 billion dollars.
Telecom Commission approved hike in FDI cap from 74 to 100 percent in Telecom Sector
Published on: 03-JUL-2013
Telecom Commission of India approved enhancement of FDI cap on telecom sector from 74 to 100 percent.
CCEA approved the continuation of National Mission on Food Processing
Published on: 30-JUN-2013
Union Cabinet on 28 June 2013 approved the continuation of the National Mission on Food Processing
(NMFP).
Government to set-up 51 new low-cost Airports to Increase Air Connectivity
Published on: 29-JUN-2013
Government took a decision to set-up 51 new airports in tier-II & III cities across India. The decision will
boost the aviation sector in India.
Minimum Support Price for Paddy fixed at 1310 Rupees per Quintal
Published on: 28-JUN-2013
CCEA on 28 June 2013 approved the Minimum Support Prices (MSPs) for kharif crops of 2013-14 season.
Union Government raised Rice Support Price by 4.8 Percent
Published on: 28-JUN-2013
Union Government on 27 June 2013 raised the base price of rice to 1310 rupees per 100 kilograms from
1250 rupees as compared to year 2012.
India Third Most Attractive Destination for Investment in the World: UNCTAD

Published on: 27-JUN-2013

A survey conducted by UNCTAD revealed on 26 June 2013 that India was the third most attractive
destination, after China and US.
Pipavav Port Regained Top Position in Seafood Exports for Second Consecutive Year
Published on: 26-JUN-2013
Pipavav port located in Saurashtra, Gujarat, remained at the top most position for second year in a row in
FY13 on the basis of quantity.
Three IPC Common Sales Contracts Launched by International Pepper Conclave 2013
Published on: 26-JUN-2013
Three IPC Common Sales Contracts were launched by International Pepper Conclave 2013 to standardise
the contract terms for export of pepper.
Union Govt extended Power Distribution Reform Package to 12th Plan
Published on: 24-JUN-2013
CCEA on 21 June 2013 decided to extend the R-APDR for the 12th Five-Year Plan period in order to
strengthen the distribution sector.
Cabinet Committee Approved Disinvestment of 5 Percent Paid Up Equity in NLC
Published on: 24-JUN-2013
The Cabinet Committee on Economic Affairs on 21 June 2013 approved disinvestment of 5 percent equity
of Neyveli Lignite Corporation (NLC).
CCEA approved Mechanism for Coal Supply to Power Producers
Published on: 23-JUN-2013
The Cabinet Committee on Economic Affairs (CCEA) on 21 June 2013 approved mechanism for coal
supply to Power Producers.
Government planned to introduce Visa-on-Arrival Facilities for Chinese Nationals
Published on: 23-JUN-2013
The Union Government of India on 22 June 2013 planned to introduce Visa-on-Arrival facilities for the
Chinese nationals.
Duty Drawback Rate on Gold Ornaments hiked by Government to increase Jewellery Exports
Published on: 22-JUN-2013

Duty Drawback Rate of gold ornaments increased by 73 rupees per gram to 173.70 rupees per gram to
boost jewellery exports.
SEBI issued Guidelines for Investment Advisers to Operate in Stock Markets
Published on: 21-JUN-2013
SEBI notified guidelines for investment advisers. It made it compulsory to get requisite certifications for
them to operate in stock market for them.
Global Prices of Fish Increased to Record High in May 2013
Published on: 21-JUN-2013
UNs Food & Agriculture Organization announced that the global prices of fish reached record high in May
2013 because of rising demand.
Indian Money in Swiss Banks Dropped to Record Low: Swiss National Bank
Published on: 21-JUN-2013
Swiss National Bank (SNB) in Zurich on 20 June 2013 unveiled that the Indian money in Swiss banks
dropped to record low at 9000 crore Rupees.
Commodities Transaction Tax Applicable on Non-Farm Products from 1 July 2013
Published on: 21-JUN-2013
CBDT on 19 June 2013 announced that the Commodities Transaction Tax shall be levied on the non-farm
products from 1 July 2013.
Union Government of India proposed plan to raise FDI Limit in Key Sectors
Published on: 19-JUN-2013
Government proposed sweeping changes in FDI regime to attract foreign investors based on the
recommendations made by Arvind Mayaram Committee.
RBI left its Repo Rate unchanged at 7.25 Percent
Published on: 18-JUN-2013
RBI in its June mid-quarter monetary policy on 17 June 2013, left its key policy ( repo rate) unchanged at
7.25 percent
Telecom Regulatory Authority of India (TRAI) reduced Roaming charges for calls,SMSs
Published on: 17-JUN-2013
Telecom regulator TRAI on 17 June 2013 announced reduction in the national mobile phone roaming
charges which will come into effect 1 July 2013.

Petrol Prices hiked by 2 Rupees per Liter, excluding VAT

Published on: 17-JUN-2013
Price of petrol went up by 2 rupees in India due to devaluation of rupee. Due to devaluation, the import cost
of crude oil has gone costlier for oil firms.
WPI Inflation declined to 4.7 Percent in May 2013
Published on: 15-JUN-2013
WPI inflation in May 2013 came down to 4.7 percent against 4.89 percent measured in April 2013.
SEBI notified Norms for Listing of Preference Shares
Published on: 15-JUN-2013
Market regulator Sebi in Month of June 2013 notified a new set of regulations to regulate issuing and
listing of non-convertible preference.
Tax Scrutiny of Multinational Companies to Increase in India
Published on: 14-JUN-2013
The (I-T) department has notified a revised form to check for transfer pricing infractions, something that
could intensify the scrutiny on their books.
Mineral Production during April 2013: Provisional Data Released
Published on: 14-JUN-2013
The index of mineral production of mining sector in April 2013 was lower by 16.9 percent compared to
March 2013
Industrial Production Growth declined to 2 Percent in April 2013
Published on: 13-JUN-2013
Industrial production growth declined to 2 per cent in April 2013 due to dismal performance of various
sectors.
Retail Inflation stood at 9.31 Percent in May 2013
Published on: 13-JUN-2013
As per the data released on 12 June 2013, Retail inflation stood at 9.31 per cent in May 2013
Foreign Investment Limit hiked by 5 Billion Dollar in Government Securities
Published on: 13-JUN-2013

The limit of Foreign Investment in Government Securities was enhanced by 5 Billion US Dollar to increase
overseas capital inflows on 12 June 2013.
RBI hiked the Cap for Online Repatriation of Export Proceeds
Published on: 12-JUN-2013
The cap on online repatriation of export proceeds was raised by to 10000 US dollars by RBI to arrest the
slide in the value of rupee and boost Forex inflows.
FEEs from Tourism increased by over 9 percent in May 2013
Published on: 11-JUN-2013
FEEs for May 2013 increased by more than 9 percent and the FTAs went up by 3.2 percent in the same
period.
RBI penalised Axis Bank, HDFC Bank and ICICI Bank for rule violations
Published on: 11-JUN-2013
RBI imposed a fine on Axis Bank, HDFC Bank and ICICI Bank for violation of KYC norms and antimoney laundering guidelines.
Cost inflation index for 2013-14 raised by 10%: CBDT
Published on: 10-JUN-2013
The Central Board of Direct Taxes (CBDT) in month of June 2013has specified a value for the cost
inflation index for 2013-14.
Rupee touched New Life time low against Dollar at 57 Rupees 77 Paise
Published on: 10-JUN-2013
The rupee fell by a whopping 71 paise to hit a new life-time low of 57 rupees 77 paise against Dollar
CBDT revised Selection Criteria for Income Tax Officials
Published on: 10-JUN-2013
The Ministry of Finance in June 2013 has introduced new rules for sending Income Tax officers to newly
created overseas units similar to in the US and the UK.
RBI directed banks to Periodically Audit Documents of Credits of 5 Crore and Above
Published on: 08-JUN-2013
RBI on 7 June 2013 directed the banks to audit and verify the documents of all credits of 5 crore and above
periodically to prevent frauds.

RBI put restrictions on Co-Operative banks for Loans against Gold coins
Published on: 07-JUN-2013
Reserve Bank of India on 7 June 2013 extended the restriction on advance against gold on co-operative
banks set to curb the demand for gold.
Finance Ministry asked Indian Bank Association to set up Oversight Mechanism
Published on: 07-JUN-2013
The Finance ministry asked the Indian Banks' Association to set up an independent body to manage the
corporate debt restructuring (CDR) mechanism.
Department of Telecommunication (DoT) asked TRAI to Audit Spectrum Use
Published on: 07-JUN-2013
DoT asked Trai to carry out regular spectrum utilization audit of all service providers in order to ensure
efficient utilization of spectrum.
The Import Duty on Gold and Platinum hiked from 6 to 8 Percent
Published on: 06-JUN-2013
The government hiked the import duty on Gold and Platinum from 6 to 8 per cent on 5 June 2013.
Government hiked the Import duty on Gold and Platinum
Published on: 06-JUN-2013
Import duty on gold was hiked from 6 percent to 8 percent by the Government of India with an aim of
curbing the import of gold in the country.
CCEA approved Revival of Nagaland Pulp and Paper Company Limited
Published on: 05-JUN-2013
CCEA on 4 June 2013 approved the revival of the Nagaland Pulp and Paper Company Limited (NPPC)
with the infusion of funds of 309.38 crore Rupees.
The Union Cabinet of India approved the Real Estate Bill 2013
Published on: 05-JUN-2013
The Union Cabinet of India on 4 June 2013 approved the Real Estate (Regulation and Development) Bill
2013
India's Foodgrain Production registered a Growth of 30 Percent
Published on: 04-JUN-2013

India's foodgrain production registered an impressive growth of over 30 percent in the last nine years.
India to Dominate Global Saving and Investment Along With China: World Bank Report
Published on: 04-JUN-2013
The World Bank report released on 3 June 2013 forecasted that India and China will become largest
investors of the world in the year 2030.
RBI extended Time for opening up of New Banks by Six Months
Published on: 04-JUN-2013
The RBI (Reserve Bank of India) on 3 June 2013 increased the validity period of setting up of banks from
one year to 18 months.
Government raised the Import Tariff Value of Gold to 459 Dollars per 10 Grams
Published on: 03-JUN-2013
The Union government of India increased the import tariff value of gold to 459 dollars per 10 grams
India witnessed a Five-Fold Increase in Power Generation
Published on: 03-JUN-2013
India witnessed a five-fold increase in the additional power generation capacity during the last nine years
Foreign Investment Promotion Board Approved Eight FDI Proposals
Published on: 01-JUN-2013
The FIPB on 31 May 2013 approved eight FDI proposals, which include those of McKinsey & Company,
ACME Solar Energy and GETIT Infoservices.
OECD scaled down India's Growth Rate at 5.3 Percent
Published on: 31-MAY-2013
OECD on 29 May 2013 scaled down Indias growth estimate to 5.3 per cent for 2013 from 5.9 per cent.
CSO:Economic Growth declined to a low of 5 Percent for the 2012-13 Fiscal
Published on: 31-MAY-2013
As per CSO DATA released on 31 May 2013, economic growth fell to a decade's low of 5 per cent for the
entire 2012-13 fiscal
SEBI made Registration Compulsory for Investment Advisors
Published on: 30-MAY-2013

SEBI made it compulsory for investment advisorsto first obtain a certificate of registration for the same.
Quarterly Report (Jan-Mar 2013) on Public Debt Management Released
Published on: 28-MAY-2013
Quarterly Report on Public Debt Management for the Quarter January-March 2013 was released on 28
May 2013.
RBI imposed Restrictions on Bank Loans against Gold
Published on: 28-MAY-2013
The Reserve Bank of India on 27 May 2013 imposed restrictions on banks and NBFCs for providing loans
against gold coins
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 countrys 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, Indias 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
Supreme Court of India upheld 51 Percent FDI in Multi-brand Retail
Published on: 02-MAY-2013
The Supreme Court of India on 1 May 2013 upheld the constitutional validity of 51 percent FDI in the
multi-brand retail sector.
Bombay Stock Exchange (BSE) launched broad-based Islamic Equity Index
Published on: 01-MAY-2013
The Bombay Stock Exchange (BSE) on 30 April 2013 launched an Islamic equity index
The Union Minister for Commerce, Industry and Textiles Launched 21 New Textile Parks
Published on: 24-APR-2013
The Union Minister for Commerce, Industry and Textiles, Anand Sharma on 23 April 2013, launched 21
New Textile Parks approved under SITP.
PMEAC Presented Economic Review 2012-13: Highlights
Published on: 23-APR-2013
The Prime Ministers Economic Advisory Council (PMEAC) under the Chairmanship of C Rangarajan on
23 April 2013 presented the Economic review 2012-13.
Competition Commission of India slapped fine of 8000 Crore rupees in 19 Cases
Published on: 23-APR-2013
Competition Commission of India (CCI) penalised 19 business entities for anti-competitive practices
collectively for around 8000 crore Rupees.
Union Government of India approved 13 Power Projects and 25 Oil & Gas Blocks

Published on: 23-APR-2013

CCI approved 13 power projects that include hydro, thermal & transmission projects. Investment of 33000
crore rupees will be made on these projects.
Government permitted Railways to use its Land for Metro Networks
Published on: 20-APR-2013
Union Cabinet of India gave its approval to the proposal of the Indian Railways for permitting use of its
land for metro networks.
Union Government approved 1083 crore Rupees Revival Plan for HMT
Published on: 20-APR-2013
The Cabinet Committee on Economic Affairs (CCEA) on 18 April 2013 approved a 1083-crore Rupees
renewal package for watch and tractor maker company HMT.
Government has implemented Changes in FTP 2009-14 to Enhance Trade and SEZs
Published on: 19-APR-2013
The Union Commerce Ministry has announced changes in different policies and schemes under Annual
Supplement 2013-14 of FTP 2009-14.
To Revive Interest in SEZs of Investors Government announced Changes in FTP
Published on: 19-APR-2013
To revive interests of investors in SEZs the Union Government of India announced some revisions in
annual supplement of FTP 2009-14.
Indias Exports in March 2013 were valued at 30849.65 Million Dollars
Published on: 18-APR-2013
Indias Exports during March 2013 were valued at 30849.65 million US dollars (167836.31 crore rupees)
IMF slashed Economic Growth Rate of India to 5.7 percent from 5.9 percent for 2013
Published on: 17-APR-2013
IMF in its latest release of WEO slashed Indias growth rate to 5.7 percent from 5.9 percent on 16 April
2013.
Reserve Bank of India to Start Plastic Money Project on Trial Basis
Published on: 17-APR-2013

RBI decided to launch Plastic notes in the denomination of 10 Rupees in five selected cities of India on trial
basis.
Prices of Commodities Decreased Considerably; Gold Prices Decreased to 15-Month Low
Published on: 16-APR-2013
The prices of wide range of commodities decreased considerably in the second week of April 2013. Gold
fell to 15-month low at 26500 Rupees per 10 gm.
NEEPCO granted MiniratnaCategory1 Status by the Union Government of India
Published on: 12-APR-2013
NEEPCO was conferred with the Miniratna Category 1 status by the President of India, Pranab
Mukherjee on 8 April 2013.
Retail Inflation declined to 10.39 Percent in March 2013
Published on: 12-APR-2013
As per a Government data released, retail inflation of the country declined to 10.39 % in March. This is the
first decline over a period of five months.
WTO Slashed Trade Growth Forecast for 2013 to 3.3 Percent
Published on: 11-APR-2013
The World Trade Growth Forecast was slashed to 3.3 percent by World Trade Organization. It asked to
strengthen multilateral trade system.
Annual Auto Sales in India Dropped 6.7 Percent; First Time in 10 Years: SIAM
Published on: 11-APR-2013
The annual sales of car in India dropped down to 6.7 percent from 2012, lowest in 10 years, according to
SIAM.
Food Corporation of India (FCI) Raised 5000 Crore Rupees by Issuing Taxable Bonds
Published on: 11-APR-2013
The Food Corporation of India (FCI) raised 5000 crore Rupees by issuing taxable bonds backed by
Government of India Guarantee.
Indian Railways Carried 1009.73 Million Tonnes of Freight during Fiscal 2012-13
Published on: 10-APR-2013
Indian Railways carried 1009.73 million tonnes of revenue earning freight traffic during the financial year
2012-13 as per the data released by Ministry of Railways.

India Trade Promotion Organisation Signed a MoU with Government of India

Published on: 09-APR-2013
India Trade Promotion Organisation (ITPO) signed a Memorandum of Understanding (MoU) with
Government of India for the year 2013-14 on 20 March 2013.
National Workshop on Grid Integration Inaugurated
Published on: 09-APR-2013
The Minister for New & Renewable Energy inaugurated the National Workshop on Grid Integration of
Renewable Energy Sources and Energy Efficiency on 8 April 2013.
Foreign Tourist Arrivals in India Increased by About Three Percent
Published on: 08-APR-2013
Foreign Tourist Arrivals (FTAs) showed a growth of 2.8 percent in March 2013 over March 2012.
Two-Day International Workshop on Green National Accounting for India Concluded
Published on: 08-APR-2013
Two-day International Workshop on Green National Accounting for India finished in New Delhi on 6 April
2013.
Union Government of India Sanctioned 4065.81 Crore Rupees for Water Pollution Control
Published on: 06-APR-2013
For exercising pollution abatement schemes of rivers and lakes in different states, the Union Government of
India sanctioned 4065.81 crore rupees.
Union Government achieved FY13 Revised Tax Collection Target
Published on: 05-APR-2013
Union government in the Month of March 2013 announced that it has met its revised tax collection target
for 2012-13.
Cabinet Committee on Economic Affairs approved de-control of Sugar
Published on: 05-APR-2013
CCEA decided to de-control sugar by doing away the levy-sugar mechanism on it. Govt. decision also
dismantled the regulated release mechanism.
CCEA approved Four Laning of Jorhat to Demow section of NH-37 in Assam
Published on: 04-APR-2013

The Cabinet Committee on Economic Affairs gave its approval for the four laning of the Jorhat-Demow
section of National Highway-37 in the state of Assam.
CCEA approved Special Infrastructure Scheme in LWE affected States
Published on: 04-APR-2013
The Cabinet Committee on Economic Affairs(CCEA) on 2 April 2013 approved the proposal of the
Ministry of Home Affairs for continuation of the Scheme for Special Infrastructure (SIS)
Core Sector Growth Slumped by 2.5 Percent in February 2013
Published on: 01-APR-2013
The production of eight core sector industries decreased by 2.5 percent in the month of February 2013, for
the first time in 2012-13 financial year.
IRDA Introduced Credit Rating Norm for Selecting Foreign Reinsurers
Published on: 30-MAR-2013
The Insurance Regulatory and Development Authority (IRDA) in the month of March 2013 have made the
norms stricter for reinsurers.
Indias International Financial Liabilities increased by 10.5 billion Dollar
Published on: 30-MAR-2013
Indias international financial liabilities increased by 10.5 billion Dollars to 723.9 billion Dollars as at endof December 2012 as per the Report.
Growth-Oriented MoU Signed Between SPMCIL and Department of Economic Affairs
Published on: 26-MAR-2013
SPMCIL signed the growth-oriented MoU with the Department of Economic Affairs (DEA), Ministry of
Finance on 25 March 2013.
Commercial Production of Aishwarya Oil Field in Rajasthan Started
Published on: 24-MAR-2013
Commercial production of oil and gas started at Aishwarya Oil Field in Barmer, Rajasthan. It was
inaugrated by Veerappa Moily and Ashok Gehlot.
Cabinet Committee on Investment (CCI) approves Five Oil, Gas Blocks Operations
Published on: 22-MAR-2013
RBI Cuts Repo Rate by 25 Base Points while keeping CRR Unchanged

Published on: 20-MAR-2013

The Reserve Bank of India (RBI) on 19 March 2013 cut the repo rate by 25 basis points to 7.5 per cent
from 7.75 percent in its mid-quarter review of the monetary policy.
HPCL and Government of Rajasthan Signed a MoU for Setting up Refinery
Published on: 15-MAR-2013
HPCL and the Government of Rajasthan on 14 March 2013 signed MOU at Jaipur for setting up a refinerycum-petrochemical complex in Barmer, Rajasthan.
Economic Survey of India 2012-13: Human Development
Published on: 14-MAR-2013
Union Finance Minister P. Chidambaram on 27 February presented the Economic Survey 2012-13 in the
Lok Sabha of the Parliament.
Economic Survey of India 2012-13: Industry and Services Sector
Published on: 14-MAR-2013
Growth of value added in industrial sector, comprising manufacturing, mining, electricity and construction
sectors, slowed to 3.1 percent in 2012-13.
Economic Survey 2012-13: International Trade, India and Global Economy
Published on: 14-MAR-2013
The decrease in world growth and trade in 2012 reflected a weak and slow recovery for world trade in the
economic survey 2012-13.
Economic Survey 2012-13: Energy, Infrastructure and Communications
Published on: 14-MAR-2013
The 12th 5-Year Plan laid special emphasis on development of the infrastructure sector including energy.
56.3 lakh crore was invested in infrastructure sector.
Economic Survey of India 2012-13: Agriculture and Food, Sustainable Development and Climate
Published on: 14-MAR-2013
Union Finance Minister P. Chidambaram on 27 February 2013 presented the Economic Survey 2012-13 in
the Lok Sabha of the Parliament.
Union Government granted an aid of 41 Crore Rupees to protect Pashmina Goats
Published on: 13-MAR-2013

The Union Government on 12 March 2013 decided to provide a financial assistance of 41.21 crore rupees
to protect Pashmina goat which produces world-famous fine luxury fibre...
Coal India signed Fuel Supply Pacts with 56 Power Plants
Published on: 13-MAR-2013
The Union government on 12 March 2013 informed that state-run Coal India Ltd. (CIL) signed fuel supply
pacts with 56 power plants so far.
Union Government to launch 10 Rupees Plastic Notes in 5 Cities
Published on: 12-MAR-2013
The Union Government and RBI on 12 March 2013 decided to introduce one billion pieces of 10 Rupees
bank notes made of plastic on a field trial basis in five cities.
World Bank estimated a growth of over 6 percent for the Indian Economy during 2013-14
Published on: 11-MAR-2013
The World Bank in the month of March 2013 forecasted that the Indian economy is estimated to grow over
6 per cent during 2013-14.
Indian Financial Regulators signed pact to Monitor Conglomerates
Published on: 10-MAR-2013
The country's top four financial regulators on 8 March 2013 signed an agreement among each other for cooperation on consolidated supervision and monitoring of financial groups..
The Union Government of India approved Export of Additional 5 Million Tonnes of Wheat
Published on: 08-MAR-2013
The GoM approved export of additional 5 million tonnes of wheat from FCI. Private Exporters are only
permitted to export the additional quantity of Wheat.
Union Budget 2013-14: Allocations of Funds to Infrastructure and Energy Sector
Published on: 05-MAR-2013
The Union Finance Minister announced different proposals for Infrastructure and Energy Sector in India
while tabling the Union Budget 2013-14 in the Lok Sabha on 28 February 2013. The proposals as
announced by the Union Finance Minister are as follows:
Union Budget 2013-14: Allocation of Funds to the Defence Sector
Published on: 05-MAR-2013

In the Union Budget 2013-14, which was tabled in the Lok Sabha on 28 February 2013 by the Union
Finance Minister P. Chidambaram, there is a hike of 14% on Defence Budget over the last year 2012-13,
thus promising more funds required for national security...
Union Budget 2013-14: Tax Proposals at a Glance
Published on: 02-MAR-2013
The Union Finance Minister announced tax proposals while tabling the Union Budget 2013-14 in the Lok
Sabha on 28 February 2013.
Union Budget 2013-14: Allocation of Funds to the Social Sector
Published on: 02-MAR-2013
In the Union Budget 2013-14, Finance Minister P. Chidambaram made announcements for the social sector,
with focus primarily on women, poor and youth.
Union Budget 2013-14: Allocation of Funds to Industrial Sector
Published on: 02-MAR-2013
In the Union Budget 2013-14, the Union Finance Minister, P. Chidambaram announced plans and proposals
for the industrial sector.
MOU signed for Setting up of Memu Coaches Manufacturing Facility at Bhilwara
Published on: 01-MAR-2013
MoU was signed on 25 February 2013 between Indian Railways and Bharat Heavy Electricals Ltd (BHEL)
for setting up of Greenfield MEMU coaches manufacturing facility at Bhilwara in Rajasthan.
Union Budget 2013-14: Allocation to Rural Development, Agriculture and Food Security
Published on: 01-MAR-2013
The Union Budget 2013-14 which was tabled by the Union Finance Minister P. Chidambaram on 28
February 2013 allocated 27049 crore Rupees to Agriculture.
Union Budget 2013-2014: New Plans and Schemes Introduced and Proposed
Published on: 01-MAR-2013
Various new plans and schemes were introduced by the Union Finance Minister P Chidambaram on 28
February 2013 in the Budget 2013-14.
Union Budget 2013-14: List of Commodities on which Taxes Increased or Decreased
Published on: 01-MAR-2013

Union Finance Minister P Chidambaram on 28 February 2013 tabled the Union budget in the Lok Sabha of
Parliament for the financial year 2013-14.
Railway Budget 2013-14: New Plans and Schemes
Published on: 28-FEB-2013
Union Railway Minister Pawan Kumar Bansal presented the Union Railway Budget for 2013-14 in Lok
Sabha on 26 February 2013. Some of the New Plans and Schemes proposed in Railway Budget 2013-14 are
as under..
Railway budget 2013-14: New Initiatives
Published on: 28-FEB-2013
Union Railway Minister Pawan Kumar Bansal presented the Union Railway Budget for 2013-14 in Lok
Sabha on 26 February 2013.Some of the major Initiative proposed in Railway Budget 2013-14 are as
under..
Union Budget 2013-14 presented by P. Chidambaram in Lok Sabha: Highlights
Published on: 28-FEB-2013
Union Finance Minister P Chidambaram on 28 February 2013 tabled the Union budget in the Parliament
for the financial year 2013-14...
Railway Budget 2013-14: 67 New Express Trains Announced
Published on: 27-FEB-2013
Railway Minister Pawan Kumar Bansal on 27 February 2013 proposed the introduction of 67 new express
trains and 26 new passenger trains. He also asserted the introduction of 22 new lines in 2013-14.
Economic Survey of India 2012-13: Highlights
Published on: 27-FEB-2013
Union Finance Minister P. Chidambaram on 27 February 2013 presented the Economic Survey 2012-13 in
the Lok Sabha of the Parliament.
Railway Budget 2013-14 Presented in Lok Sabha : Highlights
Published on: 26-FEB-2013
Union Railway Minister Pawan Kumar Bansal presented the Union Railway Budget for 2013-14 in
Parliament on 26 February 2013.
RBI announced Guidelines for Licensing of New Banks in Private Sector
Published on: 23-FEB-2013

Guidelines for Licensing of New Banks in the Private Sector was released by Reserve Bank of India on 22
February 2013.
Akhilesh Yadav, Chief Minister of Uttar Pradesh Presented Budget for Fiscal Year 2013-14
Published on: 23-FEB-2013
Budget 2013-14 was presented in the Vidhan Sabha on 19 February 2013 by the Chief Minister of Uttar
Pradesh, Akhilesh Yadav.
The Union Government Cancelled Bond Auction Worth 12000 Crore Rupees
Published on: 20-FEB-2013
The Union Government of India on 18 February 2013 cancelled the bond auctions worth 12000 crore
Rupees.
Inflation goes Down to Three Years Low to 6.62 percent in January 2013
Published on: 15-FEB-2013
Data released by the Commerce and Industry Ministry reported that Inflation went down to its three year
low of 6.62 percent in January 2013.
SEBI ordered freezing of accounts and attachment of properties of two companies of Sahara
Published on: 14-FEB-2013
Seizure of Bank Accounts of two companies of Sahara and attachment of its properties ordered by SEBI,
the market regulator on 13 February 2013.
Exports of India Increased By 0.8 Per Cent in January 2013
Published on: 14-FEB-2013
The exports of India increased by 0.8 percent in the month of January 2013 to 25.58 billion US dollars.
India's Trade Deficit for April - January, 2012-13 was estimated at 167168.12 Million US Dollars
Published on: 13-FEB-2013
India's Trade Deficit for April - January, 2012-13 was estimated at 167168.12 Million US Dollars
Comfort Letter issued by Finance Ministry for sanction of 25000 crore Subsidy
Published on: 12-FEB-2013
Government of India decided to pay the additional cash subsidy of 25000 crore rupees to the state owned
fuel retailers in second week of Feb 2013.
Railway Revenue Earnings increased by 20.38 Per Cent During April 2012-January 2013

Published on: 10-FEB-2013

The total approximate earnings of Indian Railways on originating basis during 1 April 2012 to 31 January
2013 were 101223.95 crore rupees
TRAI:Teledensity declined by 25.97 Million to 895.51 Million in December 2012
Published on: 10-FEB-2013
Telecom Regulatory Authority of India(TRAI) stated that total wireless subscriber base decreased from
890.60 million in Nov 2012 to 864.72 million in Dec 2012
CCEA approved increase of MSP of Copra for 2013 season by 150 Rupees per Quintal
Published on: 08-FEB-2013
CCEA revised the MSP of Milling and Ball Copra for 2013 and increased it by 150 rupees per quintal from
the previous years MSP.
Economic Growth of India Estimated to Fall To 5 Percent in 2012-2013 FY
Published on: 08-FEB-2013
The economic growth of India is estimated to fall to 5 percent in 2012-2013 financial year, which is a
lowest figure in 10 years.
Authorized Capital of NABARD raised from 5000 crore rupees to 20000 crore rupees
Published on: 08-FEB-2013
The Union Cabinet of India gave its nod the raise the authorized capital of NABARD aiming towards for
enlargement of its operations and activities.
Net Direct Tax Collection Grew 12 Percent in April-January in FY 2012-2013
Published on: 07-FEB-2013
Gross Direct Tax collection from the period of April to January in fiscal year 2012-2013 increased by 7.02
percent.
CCEA gave its nod to Price Pooling Mechanism on Coal to Control Prices of Coal
Published on: 06-FEB-2013
CCEA approved price pooling mechanism of coal on 5 Feb. 2012 and EGoM gave its nod for disinvestment
of 9.5 percent stakes of NTPC.
ED Slapped 98.5 Crore Rupees Penalty Notice on Rajasthan Royals
Published on: 05-FEB-2013

The Enforcement Directorate (ED) slapped the IPL team Rajasthan Royals with a penalty notice of around
100 crore Rupees for violating the Forex laws.
BHEL and GAIL Granted Maharatna Status by the Union Government of India
Published on: 02-FEB-2013
The Union Government of India gave the Maharatna status to two PSUs- BHEL and GAIL on 1 February
2013.
Union Ministry for Commerce launched eBiz Portal to Provide one Stop Shop for all Investment
Published on: 29-JAN-2013
The Union Minister for Commerce on 28 January 2013 launched an eBiz portal at the CII Partnership
Summit in Agra
Reserve Bank of India slashed Repo Rate to 7.75 Percent and CRR to 4 Percent
Published on: 29-JAN-2013
The Reserve Bank of India on 29 January 2013 slashed its key interest rates by 0.25 per cent and released
18000 crore rupees
Securities and Exchange Board of India revised the Mechanism of Offer for Sale
Published on: 26-JAN-2013
Securities and Exchange Board of India made revisions in the norms of Offer for Sale on 25 January 2013.
Union Commerce Ministry claimed that India has crossed One Billion Mark in Tea Production
Published on: 26-JAN-2013
The figures released in Jan. 2013 from the Union Commerce Ministry states that India has crossed the 1
billion mark of tea production
FDI Inflow Decreased to Two-Year Low in November 2012
Published on: 24-JAN-2013
The inflow of foreign direct investment (FDI) in India decreased to around 2-year low at 1.05 billion US
dollar in November 2012.
IMF forecasted Indian Economic Growth Rate to be 5.9 percent in 2013
Published on: 24-JAN-2013
The International Monetary Fund (IMF) on 23 January 2013 projected that the economic growth rate of
India in 2013 would be 5.9 percent

Railways decided to undertake a Cleanliness Drive across the Country

Published on: 23-JAN-2013
The Railways on 22 January 2013 decided to undertake a cleanliness drive at about 100 important stations
across the country
Union Government of India increased Import Duty on Gold and Platinum by 2 Percent
Published on: 22-JAN-2013
The Government of India has increased the import duty on platinum and gold from 4 percent to 6 percent.
Union Cabinet Approved 50 Percent Reduction in the Reserve Prices for CDMA Spectrum
Published on: 18-JAN-2013
The Union Government on 17 January 2013 approved a 50 per cent reduction in the reserve price of
spectrum used by CDMA mobile operators.
Cabinet Committee on Economic Affairs approved the Continuation of JNNURM
Published on: 18-JAN-2013
The Cabinet Committee on Economic Affairs approved the continuation of the Jawaharlal Nehru National
Urban Renewal Mission (JNNURM)
MTNL launched its Video Telephony Service in Delhi and Mumbai
Published on: 18-JAN-2013
Government Telecom Service Provider MTNL on 17 January 2013 launched its video telephony service in
Delhi and Mumbai
CCEA approved Defreeze in the Tariff Value of Edible Oils as per International Market
Published on: 18-JAN-2013
CCEA gave its approval to defreeze the tariff value of the edible oils as per the international prices
prevalent in the International market.
Union Government Approved Open Policy and lifted ban on Export of Processed Food
Published on: 18-JAN-2013
Union Government on 17 January 2013 lifted ban on exports of processed foods and value added
agricultural products in order to facilitate uninterrupted supply...
Union Government of India raised the cap on Subsidized LPG Cylinders from 6 to 9
Published on: 17-JAN-2013

Union Government of India hiked the cap on subsidized cylinders from 6 to 9. The decisions will come into
effect from 1 April 2013.
Union Government raised LPG Cap to Nine Subsidised Cylinders per Year
Published on: 17-JAN-2013
The Union government on 17 January 2013 hiked the cap on subsidised LPG cylinders from 6 to 9. The
move will be effective from April 2013...
Supreme Court of India ended the Tax Exemption of Cookie Man under SSI Notification
Published on: 17-JAN-2013
SC: ordered End of Tax Exemption for the Australian Foods India Private Limited, makers of Cookie Man
cookies claimed under SSI Notification.
Union Government Imposed 2.5 Percent Import Duty on Crude Edible Oil
Published on: 17-JAN-2013
Union government on 17 January 2013 imposed a 2.5 per cent import duty on crude edible oil with keeping
the duties unchanged on refined cooking oil...
World Bank slashed the Global Growth Forecast to 2.4 Percent
Published on: 17-JAN-2013
World Bank slashed the Global Growth Forecast to 2.4 percent on 15 January 2013. In June 2012 it made a
forecast of gaining 3 percent growth.
The Implementation of GAAR deferred by 2 Years, to Come into Force from 1April 2016
Published on: 16-JAN-2013
The implementation of General Anti Avoidance Rules (GAAR) was deferred by two years by the
government of India. It will now come into force from 1 April 2016
Krishi Karman Awards for the year 2011-2012 presented by the President of India
Published on: 16-JAN-2013
Pranab Mukherjee presented the Krishi Karman Awards - 2011-2012 to the best performing states with
increased food grain production at Ratrapati Bhawan.
Sensex Crossed Crucial 20000 Mark after Two Years
Published on: 16-JAN-2013
The Bombay Stock Exchange Sensex for second time in a row on 15 January 2013 touched 2-years high.
The Nifty, on the other hand, increased to 0.54 percent or 32.55 points, ending at 6056.60.