Current Affairs :: Economy - 2013

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Showing Current Affairs : Economy on 2013


Dec 30 2013
The benchmark Sensex down 51 points to close at 21143.01.
Dec 30 2013
The Rupee fell Six paise to 61.91 against the Dollar on month-end demand for the U.S. currency from importers amid a sluggish equity market.
Dec 30 2013
UPL Ltd. (earlier known as united Phosphorus Ltd. ) has announced a buy back of up to 1. 40 crore fully paid equity shares of Rs. 2 each at a price not exceeding Rs. 220 per share payable in Cash, up to an aggregate amount not exceeding Rs. 308 crore from the public and institutional investors.
Dec 30 2013
With the Voluntary Compliance and Encouragement Scheme(VCES) coming to an end, the Union government has warned service tax evaders of "arrest and prosecution" from January 1.
Dec 28 2013
Gold Price rose by Rs. 120 to Rs. 30, 120 per ten gram in New Delhi, silver too maintained its upward journey for the fourth straight session and moved up further by Rs. 250 to Rs. 45, 000 per Kg, after gaining Rs. 1, 200 in the previous three sessions.
Dec 28 2013
India's yarn exports to be one third of its production in 2013-14, driven by import by China. India's dependence on China has increased in recent past as it accounted for about 33 per cent in 2007-08, said a report of rating agency ICRA.
Dec 28 2013
India's foreign exchange(Forex) reserves declined by $12.6 million to $295.50 billion for the week ended December 20, according to Reserve Bank of India's (RBI) weekly statistical supplement. This is the second consecutive week of decline in the country's Forex reserves, the RBI said. Foreign Currency assets, the biggest component of the Forex reserves, dropped by $94.7 million to $268.46 billion.
Dec 27 2013
Benchmark sensex advanced 119 points to close at 21193. 58 led by IT, healthcare and financial stocks.
Dec 27 2013
Insurance Regulatory and Development Authority (IRDA) Chairman T. S. Vijayan said the Insurance Penetration in the country had grown from 2.72 per cent in 2000 to nearly 4 per cent this year.
Dec 26 2013
Compressed Natural Gas (CNG) price in the National capital was hiked by a steep Rs. 4.50 per Kg, the second increase in rates in three months. Also the price of cooking gas piped to kitchen has been increased by Rs.5.15 per kg.
Dec 26 2013
The government approved increase in foreign investment limit to 62% entailing an inflow of about Rs. 7, 250 crore. The CEA has approved proposal of Axis Bank for increase in Foreign Investment from 49% to 62%.
Dec 26 2013
The Income tax Department will now accept Aadhaar card as a proof of identity and address for issuance of Permanent Account Number (PAN).
Dec 24 2013
Cotton Production is expected to be around 378.75 lakh bales, while consumption is likely to be around 300 lakh bales this year, this will leave surplus of about 137 lakh bales.
Dec 22 2013
A fall in vegetable prices is likely to ease headline inflation and retail inflation to 6.5 per cent and 9.20 per cent respectively in December.
Dec 22 2013
The Indian Corporation bond market (CBM) has the potential to reach 15% of the GDP in the 12th plan from the current 5%.
Dec 21 2013
India's foreign exchange (Forex) reserves decreased by $192.8 million to $295.51 billion for the week ended December 13.
Dec 21 2013
Net direct tax collection from April to 20 December were up 13.7 per cent at Rs. 4.13 lakh crore, according to an official release. Of which, Corporate tax collections were Rs. 2.61 lakh crore.
Dec 20 2013
The benchmark Sensex up 371 points, the biggest gain in almost a month, as Reliance Industries led the rally in energy stocks after the government allowed the company to increase the price of natural gas.
Dec 20 2013
The U.S. economy grew at a robust 4.1 per cent annual rate in the third quarter, much faster than previously estimated, the department of Commerce announced in Washington.
Dec 20 2013
The Price of Petrol and diesel were hiked by 41 paise and 10 paise per litre.This is due to governments decision to raise the commission paid to petrol pump dealers and as global oil rates firmed up.
Dec 17 2013
The electric equipment industry in India grew 9.8% in the Second quarter of FY14 on account of increased domestic demand.
Dec 17 2013
Korean automobile maker Hyundai announced a price hike of up to Rs.20,000 starting from January 2014 mainly due to rise in input costs as result of rupee depreciation. Rakesh Srivastava, senior VP said.
Dec 16 2013
Inflation rose to a 14-month high of 7.52 per cent in November as food items, especially Potato and Onion, became costlier, strengthening the case for the RBI to increase the key interest rate by another 0.25 per cent for the third time in a row at its policy review later this week.
Dec 14 2013
Markets in free fall after Poll valut; Sensex down 281 points.
Dec 14 2013
Finance minister P.Chidambaram asks market players to offer ways to control NDF(Non-deliverable Forward) volume.
Dec 13 2013
RBI governor Raghuram Rajan Meets Finance Minister and had a customary pre-monetary policy review and discussed the macro economic situation.
Dec 13 2013
RBI'S mid-quarter monetary policy review is on 18 Dec, where in governor is expected to hike key rates by 0.25.
Dec 13 2013
Sensex Down 210 points on rate Hike Fears.
Dec 12 2013
SEBI has allowed stock exchanges to introduce cash settled interest rate futures (IRFs) on 10-year government bonds.
Dec 12 2013
Director General of Foreign Trade Anup Pujari release data that shows that India's exports grew by 5.86 per cent in November to USD 24.6 billion.
Dec 10 2013
Mid-day meal scheme of India at 12th rank among lower-middle-income countries.
Dec 7 2013
ATM may hike charges by Rs. 6 per transaction.
Dec 7 2013
Gross NPAs touched Rs. 2.9 lakh crore by march: ICRA.
Dec 5 2013
International Volunteer Day for Economic and Social Development.
Dec 5 2013
Sensex rose by 249 points or 1.20% highest in a month spurred by a healthy buying in bank, oil and gas, capital goods and stocks.
Dec 5 2013
RBI relaxes ECB (External Commercial Borrowing ) norms for infrastructure firms.
Dec 3 2013
The Reserve Bank of India eased norms for companies raising foreign funds for infrastructure projects. The new norms will help Companies to raise funds through the External Commercial Borrowing (ECB) route for their infrastructure projects through their holding firms or core investment firms. This will enable them to arrange finances for their projects faster and strengthen the flow of resources in the sector.
Dec 1 2013
India's economy grows 4.8 percent in the three months through September.
Nov 27 2013
Multi Commodity Exchange of India Ltd on 27 November 2013 appointed Satyananda Mishra as the chairman of MCX's board.
Nov 26 2013
RBI directed the banks to charge customers for the transaction SMS alerts on the basis of usage, instead of imposing a fixed fee.
Oct 29 2013
Anand Sharma raises concerns over US immigration Bill.
Oct 29 2013
'India's growth strategy holds lessons for developing nations'.
Oct 28 2013
Govt looks at reopening defunct mines, asks CIL to start talks with private miners.
Oct 28 2013
Assocham expects 0.25 pct cut in RBI policy rate.
Oct 25 2013
P Chidambaram eyes $15 bn rollover of subsidy costs into next budget.
Oct 25 2013
Low-consumption NE states may get special regime to shift to GST.
Oct 23 2013
Planning Commission scraps Raghuram Rajan index for Central fund distribution.
Oct 23 2013
Mother Dairy hikes milk prices in Delhi-NCR by Rs 2 per litre.
Oct 22 2013
Rupee down 27 paise at Rs 61.79 against dollar in early trade.
Oct 22 2013
Sensex down 31 points in early trade on profit-booking.

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