Banking-Finance |
OLF |
Union government has decided to infuse ~7000 crore Rs. equity capital in nine public sector banks, According to their performance. State bank of India will get the highest. |
Banking-Finance |
P Only |
Under The Coinage Act 2011, RBI can issue all notes except Rs.1 note. Union Government planning to print new Rs.1 notes with Hindi & English signatures of new finance Secretary Rajiv Mehrishi. Although Bankers feels this is mere publicity stunt, because as such cost of printing Rs.1 note is more than the ‘face-value’ of Rs.1 note. |
Banking-Finance |
OLF |
Supreme Court criticises RBI,Sebi and other financial regulators for turning blind eye to chit-funds-cum-ponzi scams running in West Bengal, Odisha, Assam, Tripura and neighbouring States. |
Banking-Finance |
P Only |
ICICI Bank launched India’s first digital bank called “Pockets”- it is a moble app cum e-wallet. Even a non-ICICI Client can clean up this electronic wallet from money from any other bank. This wallet uses a virtual Visa card to help you transfer money to any email id, mobile number, Facebook account, online shopping site, retail mall, Paying utility bills etc. Transaction limit: Rs.10,000, if you’re not an ICICI client. You can even add a zero balance saving account and earn interest on your deposit. Thus, âPocketsâ integrates a digital wallet, a physical prepaid card and a basic savings bank account- all features of an upcoming payment bank. |
Banking-Finance |
Ignored |
Currency Building, Kolkata was built in 1833. It was the first office of the Reserve Bank of India. |
Banking-Finance |
OLF |
Earlier Government had setup TK Viswanathan Committee to frame bankruptcy law. Committee recomends amending the Companies Act 2013, to get insolvet companies windup their business quickly- it’ll help us improving our Ease of doing business ranking. |
Banking-Finance |
OLF |
Crooks are increasingly using shell companies for tax evasion, money laundering and even bidding lucrative coal mines with good rail-road connectivity so they can be resold to genuine companies at a higher price (similar to 2G scam). therefore, SEBI began an exercise to find and suspend such shell companies. |
BoP |
Ignored |
Because of Government and RBI restriction of on Gold, its import decliend by 14% in 2014, says World Gold Council (WGC) report. |
BoP |
OLF |
G20 members’ summit at Istambul: India demands (1) IMF quota reforms (2) Automatic exchange of tax information. |
Fiscal Policy |
OLF |
Japan is the most indebted country in the world, at 400 per cent of GDP. High debt, whether public or private, makes economies more vulnerable to economic shocks and tends to fuel booms and bust cycles |
Fiscal Policy |
OLF |
Indian Express & International Consortium of Investigative Journalists, released the names of ~1200 Indians having accounts in HSBCâs Swiss bank worth total 25,000+crore rupees. Finance Minister says we’ll “investigate”. Attorney General Mukul Rohatgi assures SC that Government will make new legal provisions during budget session |
Fiscal Policy |
Ignored |
Recently, Modi held first meeting of NITI Ayog- usual bol-bachchan about cooperative federalism etc. already covered in old article. CM Mamata Banerjee remains absent saying planning commission was brain child of Subhas Chandra Bose, and Modi has insulted him by abolishing Planning commission. |
Fiscal Policy |
OLF |
Modi asks state governments to create 2 taskforces under Niti Ayog – 1 for poverty removal and 1 for agriculture |
Fiscal Policy |
OLF |
Government asked rich-PSUs to issue bonus debentures to their respective ministries- this cash inflow will help Government meet the fiscal deficit targets under FRBM |
Fiscal Policy |
OLF |
Most of the FIIs have parked their money in coal India disinvestment and buying shares of HDFC. Hence not much liquidity left in the market, therefore government of India has decided to postpone the 5% disinvestment of ONGC, because it is unlikely to attract those FIIs and fetch good prices for the ONGC shares. |
Fiscal Policy |
OLF |
PFRDA chairman has requested government to give same tax benefits to new pension scheme subscribers like those available to EPF subscribers. Only then people will be interested to invest in NPS. |
Fiscal Policy |
Ignored |
Companies who do not pay any taxes by using various tax exemptions, they are required to pay a minimum alternate tax of 20%. New budget is likely to cover foreign portfolio investors more stringently and clearly under the MAT regime. Let the budget come first |
HRD |
OLF |
Impact investingmeans investing in projects that makes profit and simultaneously achieves specific social and environmental causes. Impact investing can help people invest private money in social initiatives, but both investors and the NGOs need to be trained first. |
HRD |
OLF |
Guj. Government to implement Food security act in following format- (1) BPL/APL will be phased out (2) New beneficiaries to be identifed from Socio-Economic Caste Census 2011 such that 66% juntaa is covered. |
Industry-Agro |
OLF |
In battery cages, each hen is confined in a size less than A4 sized paper and made to produce eggs like a machine. This type of animal cruelty is banned in Europe, therefore companies like “big Dutchman” selling their equipment to Indian paltry companies. Allahabad highcourt has sent notice to All stakeholders for The violation of Prevention of Cruelty to Animals Act, 1960. Exam relevance: Mains GS3 Upstream issues in the food processing industry. |
Industry-agro |
OLF |
2014: Tea exports declined in value and volume because (1) India’s rivals Kenya and Sri Lanka have increased tea production (2) because of adverse weather, India’s tea production was lower than usual. |
industry-agro |
OLF |
Britain’s early industrialisation distanced farming from business and technology. Latest data reveals per hectre productivity of the British farms is far less then other European countries. |
Industry-MFG |
OLF |
Peter Pan is a fictional character that never grows up. Researchers pointed out that Indian retailers are suffering from Peter Pan syndrome (i.e. Never grew up, Never accept New technologies)- because of the high level of corruption. |
Industry-MFG |
P Only |
Central Statistics Office (CSO) launches new series of Consumer Price Index (CPI) with 2012 as base year. First data will cover January 2015 month and will be released in Feb 2015. |
Industry-MFG |
OLF |
Central Statistics Office (CSO) had changed the GDP base year from 2004 to 2011. Accordingly India’s latest growth projection is 7.4% and we’ll become a $2.1-trillion economy. |
Industry-MFG |
P+M |
Government’s proposed Amendments to BIS act. 1986: more products will need ISI certificate. Misuse of ISI will become a cognizable offence. Both distributor and retailer can be held liable. Product liability, product recall and compensation to consumers. |
Industry-MFG |
OLF |
Modi’s Make in India campaign faces two dilemmas (1) cheap money policy required to boost expansion of factories but (2) cheap money policy will also weaken Indian rupee against dollar- thereby making the exports unattractive. |
Industry-Service |
OLF |
Under âDigital Indiaâ initiative, Modi wants to setup BPO-call centres mofussil towns. |
Industry-Service |
OLF |
Communication minister says the white revolution of the dairy industry should be replicated in the information technology arena, only then we can transform the lives of rural people. Target 2020: 11,500 start-up companies to provide jobs to 2.5 lakh people. |
infra |
OLF |
Kerala’s Vizhinjam International Multipurpose Seaport project wasn’t kicking up due to lack of funds, but now union Government promised to pay ~4,000 crores. |
infra |
Ignored |
To extract coal from Odisha, CIL’s subsidiary Mahanadi Coalfields Ltd. (MCL) will create to new SPV-entities. |
infra |
OLF |
At present a builder has to get 3050 approval from union and state governments- hence avg. 90-600 days wasted in getting files cleared. In hill states, majority of the land falls under forest area, so very difficult to get environment clearance. Union Government wants to cut down these red tapes to promote smart cities. |
infra |
OLF |
Power minister Piyush Goel says India will be a power surplus country in the year 2019, because we will take following measures (1) Reviving the gas based and coal based power plants (2) Ensure continuous supply of coal at cheap prices (3) encouraged the use of LED lights |
infra |
OLF |
Dredging Corporation of India will begin dredging Adani Vizag coal port- to help Panamax vessels with upto 1 lakh tonne cargo to enter inner harbour. |
infra |
OLF |
Pradhan Mantri Gram Sadak Yojana guidelines revised. First priority will be given to villages under Saansad Adarsh Gram Yojana (SAGY). State governments will be required to maintain those roads, even beyond the default 5-year period. |
infra |
OLF |
SAIL and NMDC to form a joint-venture company to setup a 6MT Greenfield steelplant in Bastar district of Chhattisgarh |
infra |
OLF |
Government is planning the privatisation of airports of Jaipur, A’bad, Kolkata, Chennai. GMR, GVR, Adani and others are interested. |
That’s more than seeslbin! That’s a great post!
I don’t agree
Best regards, Bernardina