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Current Affairs::Economy

Written on:September 11, 2011
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1. Quarterly Review of Monetary Policy on July 26, Repo rate raised from 7.5% to 8%, Reverse Repo Rate raised from 6.5% to 7%, CRR kept Unchanged at 6%.

2. Nandan Nilekhani Submitted report on Direct Cash Transfer, suggested measures of CSMS, Core Subsidy Managemen System for Kerosene, LPG and Fertilizers.

3. Country’s Export Registered 45.7% growth in First Quarter, of 2011-12.

4. NSSO says Indian still spends big chunk of their expenditure on Food Items.

5. Salaries people exempted from filing  Income Tax Return, for the assessment year 2011-12.

6. Fourth Advance Estimates for Food-Grains in 2010-11, production amounts to 241.5mMT.Rice production is 95.32m MT, Wheat production is 85.93mMT, Coarce Cereals 42.22m MT, Maize-21.28mMTand Pulses-18.09mMT.Cotton production is also ever Highest upto 33.43 million Bales.Sugarcane production is 339.17m MT.

7. During First Quarter of 2011-12, indirect tax Collection shown a rise of 32%.

8. Unemployment Rate falls to 2% in 2009-10:NSSO (National sample Survey Organization).

9. Innovation Efficiency Index:: India ranked at 62 postion, top on the table is Switzerland.

10. Current Account Deficit:: declined to $5.4Bn.declined to 2.6% of GDP from 2.8% of GDP.

11. World Bank Repot:: 8.5% growth in Asia in 2011-12 and 8.1% in 2012-13.

12. India’s per Capita Income crosses Rs 50000 to Rs 52835, says CSO.

13. 12th plan to target 9-9.5% Growth: Planning Commission.

14. TATA group wealth crosses $100Bn.2nd company after Mukesh Ambani led Reliance Industries.

15. Bank credit increases 3.75% in Q1 of 2011-12.

16.Foreign Exchange Reserve increases to $315.715Bn.

17. CPI increases 1.59% in June.

18. Socio-Economic and Caste census begin Chandigarh as Pilot Project.

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