(Current Affairs) Economic & Energy | July : 2012

Economic & Energy

  • Retail Inflation shot up to Double Digit Mark at 10.32 percent in April 2012
  • Indian Rupee plunged to its Historic Low of 54.56 Against the U.S. Dollar
  • Petrol Prices Raised by 7.54 Rupees a Liter
  • Directorate General of Hydrocarbons (DGH) Drafted Policy on Exploitation of Shale Gas
  • E-Challan and Receipt (ECR) facility launched by (EPFO)
  • Goa topped the List of States with Highest Per Capita Income
  • Small Industries Development Bank of India (Amendment) Bill, 2012 tabled in the Lok Sabha
  • Morgan Stanley cut down Growth Forecast for India to 6.3 Per Cent
  • IMF lowered India’s Growth Projection for 2012 to 6.9 Per Cent
  • Commerce Ministry relaxed the Conditions for Sugar Exports
  • Chit Funds under the Chit Fund Act of 1982 in Six States
  • Competition Commission of India constituted Eminent Persons Advisory Group
  • RBI directed Indian Banks to maintain Tier I Capital of at least 7% of their Risk Weighted Assets
  • Following Revised Production Estimates Cotton Advisory Board, Centre allowed further Cotton Export
  • Supreme Court extended the Timeline for 2G Spectrum Auction
  • Union Government decided to dole out 38500 Crore Rupees to Public Sector Oil Companies
  • India’s Consumer Price Inflation Figure surged to 10.36 %
  • Inflation Figure for April 2012 surged to 7.23 Per Cent
  • Indian Export Figure grew by 3.2 per cent in April 2012
  • RBI raised Interest Rate Ceiling on NRI Deposits in Foreign Currencies
  • Standard & Poor’s cut India’s Credit Rating Outlook to Negative
  • Inter-Ministerial Group to maximise Coal, Shale Gas exploitation
  • State-owned Oil Companies Reduced Jet Fuel Prices by Rs 312 per kilolitre
  • Standard & Poor’s cut India’s Credit Rating Outlook to Negative

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