| GyanCentral - The hub for engineering and law students - IIT-JEE, AIEEE, BITSAT, CLAT, AILET - 2012: Top 10 economic updates of the day _ Target CLAT 2013 Sep 28th 2012, 09:45 | GyanCentral - The hub for engineering and law students - IIT-JEE, AIEEE, BITSAT, CLAT, AILET - 2012 | | The most comprehensive career education and test preparation forums in india. | | | Top 10 economic updates of the day _ Target CLAT 2013 Sep 28th 2012, 09:09 1. With Rs.3.70 lakh crore already mopped up during the first half of 2012-13, which works out to 65 per cent of the Centre's budgeted market borrowing programme of Rs.5.69 lakh crore, the government,decided to raise the balance Rs.2 lakh crore during the second half of the fiscal year. 2. The Prime Minister's Office (PMO) has convened a meeting of the Coal and Power Secretaries on October 5 to discuss the issues related to the two sectors including introduction of competitive bidding for coal blocks, review by the Inter-Ministerial Group (IMG), reforms in the power sector, price pooling formula for coal and signing of fuel supply agreements (FSA) by Coal India Limited (CIL). 3. Chief Economic Adviser Raghuram Rajan took over at a time when there was a change in the Finance Ministry at the top with Mr. P. Chidambaram returning to North Block. The UPA government has now switched to "reforms" mode. In conversation with Ashok Dasgupta, Dr. Rajan explained some of the measures that have been initiated. 4. The Madras Stock Exchange (MSE), which has completed its 75 years of operations, is working on a turnaround plan to reactivate its trading activities. Addressing presspersons here, on Wednesday, V. Nagappan, Member, Advisory Committee, MSE, said as a first step the stock exchange had entered into an arrangement with the National Stock Exchange (NSE), in terms of which the members of MSE were allowed to trade on NSE platform. Already 60 companies had been included for trading on the NSE platform and more companies would be covered. 5. The Reserve Bank of India,said non-residents, including NRIs, could make investment in an Indian company at the face value of shares or debentures subject to compliance with the FDI scheme. 6. Soon after rolling out foreign direct investment (FDI) in multi-brand retail and aviation in a renewed surge of reforms, Finance Minister P. Chidambaram, on a fast-forward mission mode, is keen on raising the FDI cap in the insurance sector to 49 per cent from the existing 26 per cent. 7. With bilateral trade between India and Malaysia progressing on a robust path, Union Commerce and Industry Minister Anand Sharma, announced that the target for $15 billion turnover is likely to be achieved by 2013, prompting both nations to revise the target. 8. The Petroleum and Natural Gas Ministry is learnt to have suggested setting up of a Committee of Secretaries (CoS) to scrutinise and work out details for the coal bed methane (CBM) pricing mechanism which has been hanging fire for a long time now. 9. Eight core industries grew at a slower pace of 2.1 per cent in August, as against 3.8 per cent in the same month last year due to negative growth in crude oil, natural gas, fertiliser and cement. 10.Eight core industries grew at a slower pace of 2.1 per cent in August, as against 3.8 per cent in the same month last year due to negative growth in crude oil, natural gas, fertiliser and cement. | | | |  | |
No comments:
Post a Comment