Current Affairs – Economic News of October-November 2013 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. 17. Total Broadband Subscriber Base in India increased to 15.24 Million. 18. Indian Railways Carried 511.00 Million Tonnes of Freight During April–September2013. 19. IFC Launched 1 Billion Dollar offshore Rupee Bond Programme to Strengthen India’s Capital Markets. 20. India and Japan Signed MoU to study Mumbai-Ahmedabad Rail Route. 21. Trade Deficit for April-September, 2013-14 Estimated at 80126.24 Million US Dollars. 22. India’s Forex Reserves dropped by 1.11 Billion US Dollars to 276.26 Billion US Dollars. 23. RBI reduced the MSF Rate to 9 Percent from 9.5 Percent. 24. Railway Revenue Earnings were 65354.64 Crore Rupees during April-September2013. 25. Direct Tax Collection increased by 10.66 Percent to 301250 Crore Rupees. 26. CCEA ( Cabinet Committee on Economic Affairs ) Approved for Continuation of Integrated Textile Parks Scheme in 12th Five Year Plan. 27. RBI fixed the Reference Rate of Rupee against US Dollar at 61.4050. 28. SEBI approved Major Reforms to Attract Overseas Investors. 29. CCEA approved National Mission on Oil seeds and Oil Palm. 30. Jet-Etihad deal Approved by SEBI.
Posted on: Thu, 14 Nov 2013 07:01:15 +0000