ECONOMY CURRENT AFFAIRS OF OCTOBER AND NOVEMBER ( TILL 9 NOV )

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–September 2013

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-September 2013

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 Oilseeds and Oil Palm

30 Jet-Etihad deal Approved by SEBI (Securities Exchange Board of India)

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