Economics: Point-Wise Current-Affairs/GS Articles 2018 (Including PIB)- Download PDF

  • Nov 16, 2016
  • 1 How Will RBI Dispose Old Rs 500 and Rs 1,000 Notes [ Eco. ]

    About 86 percent of the Rs 17.77 lakh crore in circulation till March 31st this year was in the form of Rs. 500 and Rs. 1000 currency note.9026.6 crore bank notes were in circulation across the country in terms of volume until March 31st. Around 24 percent or 2,203 crore notes we

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  • 2 Building 9.8km Ganga Bridge in Bihar- India and ADB Sign $500 Million Loan [ Eco. ]

    Government of India and ADB Sign $500 million loan to build longest river bridge across the Ganges River improve the transport connectivity between North and South Bihar improving the linkage between the state capital, Patna, and the surrounding areas.

    Ganga Bridge in Bihar- India and ADB Sign $500 Million Loan

    Ganga Bridge in Bihar- India and ADB Sign $500 Million Loan

    Ganga Bridge in Bihar- India and ADB Sign $500 Million Loan

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  • Nov 13, 2016
  • 1 Pawan Goenka Named MD of Mahindra- Anand Mahindra to be Executive Chair [ Eco. ]

    Executive director Pawan Goenka was elevated to the position of managing director, and Anand Mahindra was designated as executive chairperson of Mahindra Industries.India’s premier utility vehicle company.

    Pawan Goenka & Anand Mahindra at the launch of the New Scorpio

    Pawan Goenka & Anand Mahindra at the Launch of the New Scorpio

    Pawan Goenka & Anand Mahindra at the launch of the New Scorpio

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  • Nov 6, 2016
  • 1 HCC is First Company Getting Debt Recast Under RBI’S S4A Scheme [ Eco. ]

    Hindustan Construction Company (HCC) became the India’s first company to get Reserve Bank of India’s (RBI) approval for debt recast under Scheme for Sustainable Structuring of Stressed Assets (S4A). This scheme was passed by ICICI Bank- led joint lender forum and approved by RBI’

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  • Oct 28, 2016
  • 1 RBI Permits Startups to Raise $3 Million Via ECBs Annually [ Eco. ]

    RBI (Reserve Bank of India) increased the external commercial borrowings (ECBs) of startups by $3 million in a financial year for 3-year period. This is to improve innovation and promoting job creation in India.

    Image of Reserve Bank of India

    Image of Reserve Bank of India

    Image of Reserve Bank of India

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  • Oct 26, 2016
  • 1 India Secures 130th Position in 2017 Ease of Doing Business Index [ Eco. ]

    India ranked at 130th position in World Bank’s ease of doing business index for the year 2017 from the 190 countries. The ranking is part of the World Bank’s annual report “Doing Business 2017: Equal Opportunity for All”.

    Previously for year 2016 India had ranked 131.

    About the E

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  • Oct 22, 2016
  • 1 Union Government Signs Loan Treaty with World Bank for Eastern Freight Corridor [ Eco. ]

    The Union Government and World Bank have signed $650 million loan agreement for the development of the Eastern Dedicated Freight Corridor (EDFC)-III project.  International Bank for Reconstruction and Development (IRBD), part of World Bank Group will lend $650 million, for constr

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  • Oct 21, 2016
  • 1 Silchar is SBI’S 5th Zone in North East [ Eco. ]

    State Bank of India (SBI) has declared Silchar as its 5th North East Zone. This would facilitate banking for the people of Mizoram, Tripura and Manipur along with the Barak Valley of North East India.

    Image of State Bank of India

    Image of State Bank of India

    Image of State Bank of India

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  • Oct 16, 2016
  • 1 Rosneft-Led Group Buys India’S Essar Oil for $13 Billion [ Eco. ]

    Russian group led energy giant Rosneft Oil Company has agreed to acquire India’s private oil firm Essar Oil in an all-cash deal about US $13 billion. Essar Oil is the India’s Second largest firm.

    Logo of Rosneft and Essar

    Logo of Rosneft and Essar

    Logo of Rosneft and Essar

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  • Oct 10, 2016
  • 1 Oliver Hart and Bengt Holmstrom Win 2016 Nobel Prize in Economics [ Eco. ]

    Two economists Oliver Hart and Bengt Holmstrom have won the 2016 Nobel Memorial Prize in Economic Sciences at Stockholm. They got the 2016 Nobel Economics Prize for their contributions to contract theory.

    • Share 8 million kronor, or about $930,000.
    • Royal Swedish Academy of Sciences

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  • Sep 27, 2016
  • 1 Lancet Study: Iceland Greatest Country on Earth [ Eco. ]

    According to the latest study by Lancet, Iceland and Sweden are the greatest Countries on the earth. The study measured shortcomings of sustainable development efforts- sicknesses, road injuries, smoking, water quality, and war.

    Iceland Greatest Country on Earth

    Iceland Greatest Country on Earth

    Iceland Greatest Country on Earth

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  • Sep 22, 2016
  • 1 7th Pay Commission in India [ Eco. ]

    The Government of India has introduced 7th Central Pay commission. Former Finance minister P Chidambaram had announced approval of 7th Pay Commission by former Prime Minister Manmohan Singh on 25th September 2013, which was intended to come into effect from 1st January 2016. On 4

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  • 2 Gold Monetization Scheme and Bond Scheme [ Eco. ]

    The effectiveness, the all-new Gold Monetization scheme of the central government is still somehow doubtful. Experts have critically analyzed all the aspects of these schemes and they have concluded that if not properly tackled then this scheme will create many types of difficult

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  • 3 Mahatma Gandhi National Rural Employment Guarantee Act [ Eco. ]

    MGNREGA stands for Mahatma Gandhi National Rural employment Guarantee Act, formally known as NGERA, National Rural Employment Guarantee Act. This is an Indian job guarantee scheme, which was enacted by legislation on 25th August 2005. It provides legal guarantee of employment for

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  • Sep 12, 2016
  • 1 Majuli: First Island District of India [ Eco. ]

    The first island district of India Majuli is inaugurated by Sarbananda Sonowal Chief Minister of Assam at the occasion of 90th birth anniversary of Assamese music maestro and Dadasaheb Phakle awardee Bhupen Hazarika.

    With this Manjuli becomes 35th district of Assam.

    Previously ann

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  • Sep 7, 2016
  • 1 SIT Moves a Resolution to RBI on Sharing of Black Money Data with Govt Agencies [ Eco. ]

    Special Investigation team has moves its resolution to RBI for sharing data of black money such as foreign exchange transactions and export - import payments with the Government agencies to control illegal financial actions.

    • The Special Investigation team headed by Justice (retire

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  • 2 हमारे पुराने उत्पाद जो अब बंद हो गए (Our Old Products, Which are Now No More Used) [ Eco. ]

    प्रस्तावना:- दुनिया में वीसीआर बनाने वाली इकलौती जनसमूह ने अब उत्पादन बंद कर दिया है। दूसरे उत्पाद में, देश की बड़ी बिस्किट निर्माता जनसमूह ने लगभग 90 साल पुराने कारखाने बंद कर दीए हैं। लोग यादों के गलियारों में पहुंच गए है। उत्पाद केवल बाजार का अर्थशास्त्र ही नहीं हैं बल्कि इससे

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  • Aug 17, 2016
  • 1 India’S First BIO-CNG Plant Inaugurated in Pune [ Eco. ]

    India’s first Bio-CNG plant inaugurated in Pune, Maharashtra. This plant producing CNG (Compressed Natural Gas) from agricultural waste. It was jointly inaugurated by Union Minister of surface Transport Nitin Gadkari and Union Defence Minister Manohar Parrikar.

    Key Points:

    • Bio-CNG

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  • Aug 16, 2016
  • 1 1st Phase of Smart Ganga City Programme Launched in 10 Cities [ Eco. ]

    Union Government has been launched ’Smart Ganga City’ programme in 10 cities. This programme launched by Union Minister M Venkaiah Naidu and Uma Bharti. Smart Ganga City programme in 10 cities located along to Ganga to set up sewage treatment plants (STPs).

    Key Points:

    • The first 4

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  • Aug 12, 2016
  • 1 CCEA Gives Nod to Development of AUSC Technology for Thermal Power Plants [ Eco. ]

    CCEA given approval for the development of AUSC technology for the thermal power plants. For the research and development project 900 crore rupees grant spread over three years for the development of AUSC technology for thermal power plants was approved by CCEA.

    CCEA: Cabinet Comm

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  • Aug 11, 2016
  • 1 Monsoon’S Impact on Indian Economy [ Eco. ]

    Monsoons play a very essential role in Indian economy. Indian economy is based on Industrial sector and agriculture. A good monsoon is favourable for farmers while poor and insufficient rain fall cause the crop failure. 70% of the people are directly related with farming.

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  • Aug 10, 2016
  • 1 India Seeks Help of US and European Countries to Crack Pakistan Terror Fund Trail [ Eco. ]

    India approached to selects United States and European countries, which are the parts of the Financial Action Task Force (FATF) to crack terror fund trail details from Pakistan. Terror fund trail of Pakistan includes Al Rehmat Trust from Pakistan.

    Image of Financial Action Task Force (FATF)

    Image of Financial Action Task Force (FATF)

    showing image of Financial Action Task Force (FATF)

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  • 2 Government: NPA of Commercial Banks Increased by Around 4% [ Eco. ]

    Government announced the Non-Performing Assets (NPA) of commercial banks have increased around by 4% in last year (March 2015 to March 2016). Union Minister of State for Finance Santosh Gangwar has announced in Rajya sabha.

    Key Details:

    • In March 2015 the NPA of bank was 5.43% which

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  • Aug 9, 2016
  • 1 WII to House India’S First Tiger Repository [ Eco. ]

    Under the Wildlife Institute of India’s new Tiger Cell WII will house the country’s first repository on tigers. They worked with the National Tiger Conservation Authority (NTCA) on tiger conservation and population estimation and in the process we have created a vast database.

    Fea

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  • Aug 8, 2016
  • 1 Corporation Bank Launches Group Insurance Scheme for Borrowers [ Eco. ]

    Chief executive officer and managing director Jai Kumar Garg of Corporation Bank launched a ‘Group Credit Life Insurance Scheme’ of Life Insurance Corporation of India. The scheme made available initially at all the branches of Mangaluru Zone.

    Logo of Corporation of Bank

    Logo of Corporation of Bank

    Showing image of logo of Corporation of Bank

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  • 2 Government Fixes an Inflation Target of 4 Percent for Five Years [ Eco. ]

     Union government fixes an inflation target of 4% for the period of next five years. (Till March 31, 2021). This inflation target of 4 % can help moderate future price rises. It’s also support macroeconomic stability.

    Image shows the inflation

    Image Shows the Inflation

    showing image of inflation

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  • Aug 4, 2016
  • 1 Cabinet Nod for 3% Spectrum Fee, Auction Gets Green Signal [ Eco. ]

    The union cabinet approves minimum 3% spectrum usage charge to adjust the gross revenues. So, every mobile operator will require to pay the exchequer and the same charge will be applicable for the spectrum to be acquired in the upcoming round.

    Image shows the Mobile technology

    Image Shows the Mobile Technology

    showing image of Mobile technology

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  • 2 Japan Cabinet Approves Economic Stimulus Package Worth $275 Billion [ Eco. ]

    Japanese cabinet approved $274 billion stimulus package for economy and increase the growth of world’s third largest economy. This decision taken by Prime Minister Shinzo Abe in Tokyo. Japanese cabinet chaired by Prime Minister Shinzo Abe.

    Prime Minister of Japan Shinzo Abe

    Prime Minister of Japan Shinzo Abe

    showing image of Prime Minister of Japan Shinzo Abe

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  • Aug 3, 2016
  • 1 Typhoon Nida Hits Hong Kong and Southern China [ Eco. ]

    In Philippines Typhoon Nida are known as Cariana. Typhoon Nida hit Hong Kong with high winds and heavy rain, forcing schools, businesses and transport services to shut. In Hong Kong, many financial hub shutting down and also disturbing the flights because of Typhoon Nida.

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  • Jun 1, 2016
  • 1 🌟  Inflation of India – Fundamentals We Need to Know – General Studies Paper 3 [ Eco. ]

    Inflation is the continuously rising rate of prices for goods and services and the falling of purchasing power of currency. Basically inflation occurs because of imbalance between demand and supply. For ex. Increasing taxes on products, changing in production etc.

    Indicators of

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