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

  • Dec 28, 2017
  • 1 📹 Insolvency & Bankruptcy Code & IBBI (Current Affairs / GS 2017-18) - WW.51 [ Eco. ]

    Next Week! ! Bharatmala Pariyojana: 👌 What is Insolvency, Bankruptcy & Liquidation? , Types of Loans? , 👌 What is NPA? , Need for a Code & Board? Single law for insolvency & bankruptcy.

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    Insolvency & Bankruptcy Code & IBBI (Current Affairs/GS 2017 - 18) - WW

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  • Dec 25, 2017
  • 1 Government Steps to Boost Digital Transactions [ Eco. ]

    The cabinet to give a shot in the arm to Digital India approved several steps like taking brunt of Merchant Discount Rate (MDR) on all debit card/BHIM UPI/AePS transactions up to a value of Rs. 2, 000 (small transactions). Move encourages digital transactions for the ease and low

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  • Dec 19, 2017
  • 1 Chabahar Port- Phase-1 Inaugurated in Iran [ Eco. ]

    The first phase of Iran’s Chabahar port (Shahid Beheshti Port) with significant strategic and economic importance for India was inaugurated by Iran. Iran’s only oceanic port located on the Gulf of Oman, southeast of Iran near Pakistani border jointly developed by India, Iran and

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  • 2 “Petro” Venezuela’S New Virtual Currency [ Eco. ]

    Venezuela launched cryptocurrency called Petro to circumvent US-led financial sanctions backed by the country’s vast natural resource reserves. Venezuelan President approved the creation of BlockchainBase observatory to oversee development and rollout of new cryptocurrency.

    Image of Bitcoin Terminology

    Image of Bitcoin Terminology

    Image of Bitcoin Terminology

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  • Dec 10, 2017
  • 1 🌟 Details of Earlier Finance Commissions- 15th Finance Commission Approved by Cabinet (Important) [ Eco. ]

    Union cabinet approves 15th Finance Commission to decide the distribution of tax proceeds among the centre, states and local bodies. The Finance Commission is constituted by the President under article 280 of the Constitution, mainly to give its recommendations on distribution of

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  • Dec 9, 2017
  • 1 Indian Income Tax Act: What is GAAR and How is It Different from SAAR? [ Eco. ]

    GAAR is General Anti Avoidance Rule aimed to curtail tax avoidance. GAAR empowers the revenue authorities to deny tax benefits to arrangements not having any commercial substance other than achieving the tax benefit.

    Image of GAAR (General Anti Avoidance Rule)

    Image of GAAR (General Anti Avoidance Rule)

    Image of GAAR (General Anti Avoidance Rule)

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  • Dec 4, 2017
  • 1 🌟 What is PFMS? Mandatory Use of Public Finance Management System for Central Sector (Important) [ Eco. ]

    Government has made use of Public Finance Management System (PFMS) for all Central Sector Schemes mandatory. PFMS ensures that the benefits of the various Government Schemes reach to the last mile.

    Image of Public Finance Management System

    Image of Public Finance Management System

    Image of Public Finance Management System

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  • Dec 1, 2017
  • 1 🌟 What is Insolvency and Bankruptcy Board of India(IBBI)? Insolvency and (IBBI) (Important) [ Eco. ]

    Insolvency and Bankruptcy Board of India (IBBI) amended its Corporate Insolvency Resolution Process Regulations to ensure that as part of due diligence to approve a Resolution Plan, the antecedents, credit worthiness and credibility of a Resolution Applicant, including promoters,

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  • Nov 28, 2017
  • 1 India’S Membership of the European Bank for Reconstruction and Development- What is EBRD? [ Eco. ]

    Cabinet approved India’s Membership for European Bank for Reconstruction & Development (EBRD) paving way for necessary steps by the Department of Economic Affairs, Ministry of Finance.

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  • Nov 27, 2017
  • 1 🌟 Bank Recapitalization: a Lesson from 1993 (Important) [ Eco. ]

    Indian government announced Rs. 2.11-lakh-crore capitalization plan for state-owned banks over two years, which solves two problems: Government’s approach insists on resolving the banking sector problems of NPA’s by infusing a huge amount of capital.

    Image of Bank Recapitalization

    Image of Bank Recapitalization

    Image of Bank Recapitalization

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  • Nov 20, 2017
  • 1 BHARAT-22 Exchange Traded Fund (ETF) Targets Initial Amount of Rs.8,000 Crore [ Eco. ]

    BHARAT-22 is and Exchange Traded Fund to benefit long term and retail investors by providing an opportunity of participation in equity stocks of the Government run companies and earn stable returns. Following are its important aspects.

    Image of Bharat - 22

    Image of Bharat - 22

    Image of Bharat - 22

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  • Nov 15, 2017
  • 1 What are Non-Banking Financial Companies? RBI Regulating Peer-to-Peer Lending Firms [ Eco. ]

    Government notified that Peer-to-peer lending (P2P) platforms will be treated as non-banking financial companies (NBFCs) and thus regulated by Reserve Bank of India (RBI). Ends the regulatory vacuum for P2P operation.

    Image of Non-Banking Financial Companies

    Image of Non-Banking Financial Companies

    Image of Non-Banking Financial Companies

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  • Nov 7, 2017
  • 1 Reducing Infant Mortality Rate and Gender Gap- SRS Bulletin Points to Significant Decline in India [ Eco. ]

    India registered significant decline in Infant Mortality Rate (IMR) as released by SRS bulletin- IMR declined by three points (8 % decline), from 37 per 1000 live births in 2015 to 34 per 1000 live births in 2016, compared to two points decline last year.

    Image of Infant Mortality Rate and Estimated Infant Deaths

    Image of Infant Mortality Rate and Estimated Infant Deaths

    Image of Infant Mortality Rate and Estimated Infant Deaths

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  • Oct 31, 2017
  • 1 Inter-Bank Local Currency Credit Line Agreement and Cooperation Memorandum for Credit Ratings [ Eco. ]

    Interbank Local Currency Credit Line Agreement and Cooperation Memorandum Relating to Credit Ratings by Exim Bank with participating member banks under BRICS Interbank Cooperation Mechanism are umbrella pacts non-binding in nature.

    Image of International Trade

    Image of International Trade

    Image of International Trade

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  • Oct 25, 2017
  • 1 Case Study of Securing Funding for Bangalore Metro Rail Project- European Investment Bank (EIB) [ Eco. ]

    Government of India and European Investment Bank (EIB) signed the Finance Contract for lending of € 300 million for Bangalore Metro Rail Project Phase II Line R6. Project will be implemented in 5 years from date of commencement.

    Image of Funding for Bangalore Metro Rail Project

    Image of Funding for Bangalore Metro Rail Project

    Image of Funding for Bangalore Metro Rail Project

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  • Oct 16, 2017
  • 1 HDFC Bank Not Among Domestic Systemically Important Banks [ Eco. ]

    HDFC Bank, the second largest private sector lender was added to The Reserve Bank of India’s (RBI) list of Domestic Systemically Important Banks (D-SIBs). State Bank of India (SBI) and ICICI Bank were added in 2016.

    Image of Domestic Systemically Important Banks

    Image of Domestic Systemically Important Banks

    Image of Domestic Systemically Important Banks

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  • Oct 14, 2017
  • 1 India, China to Not Be Global Growth Poles: UNCTAD What are Growth Poles? [ Eco. ]

    UNCTAD’s Trade and Development Report (TDR) 2017 predicts with India and China at their current growth will not serve as global growth polls. Barometer for assessing the global economic climate.

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  • Oct 12, 2017
  • 1 First Hyperloop Planned in Andhra Pradesh [ Eco. ]

    India’s first Hyperloop project has been planned in Andhra Pradesh, connecting its city centers, Vijayawada and Amaravati with Andhra Pradesh Economic Development Board (APEDB) inking MoUwith Hyperloop Transportation Technologies (HTT) for developing the project.

    Image of Hyperloop Transportation Technologies

    Image of Hyperloop Transportation Technologies

    Image of Hyperloop Transportation Technologies

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  • 2 Bharat Petroleum Becomes a Maharatna [ Eco. ]

    State-run oil marketing company Bharat Petroleum Corporation (BPCL) has been awarded the Maharatna from the present Navratna status. Decision to elevate BPCL to Maharatna status taken by panel headed by Cabinet secretary.

    Image of Maharatna companies

    Image of Maharatna Companies

    Image of Maharatna companies

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  • Oct 9, 2017
  • 1 🌟 India’S Forex Reserves Cross Record $400 Billion- Why are Forex Reserves Important? (Important) [ Eco. ]

    According to Reserve Bank of India (RBI), India’s foreign exchange (Forex) reserves crossed $400 billion due to sharp rise in foreign currency assets. Increase confidence in the monetary and exchange rate policies.

    Image of India Foreign Exchange Reserves

    Image of India Foreign Exchange Reserves

    Image of India Foreign Exchange Reserves

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  • 2 First Diesel Consignment Sent to Myanmar [ Eco. ]

    With growing hydrocarbon engagement between India and Myanmar, the first consignment of 30 MT of High Speed Diesel was sent today from India to Myanmar. Numaligarh Refinery Ltd. (NRL) supplying HSD to Bangladesh, despatched the first diesel consignment to Myanmar.

    Image of First Diesel Consignment Sent to Myanmar

    Image of First Diesel Consignment Sent to Myanmar

    Image of First Diesel Consignment Sent to Myanmar

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  • Oct 6, 2017
  • 1 Dairy Processing & Infrastructure Development Fund Approved [ Eco. ]

    Dairy Processing & Infrastructure Development Fund (DIDF) was approved by economic committee with an outlay of Rs. 10, 881 crore during 2017 - 18 to 2028 - 29. The fund is set up in response to Union Budget 2017 - 18 announcement.

    Image of Dairy Industry In India 2017

    Image of Dairy Industry In India 2017

    Image of Dairy Industry In India 2017

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  • 2 SAIL’S Sales Boost with SAIL’S “Gaon Ki Ore” [ Eco. ]

    Steel Authority of India Ltd. (SAIL) has a nation-wide campaign “सेल स्टील – गाँव की ओर” (“SAIL Steel – Gaon ki Ore”) aimed at boosting steel consumption in country especially in rural areas.

    Map of A Maharatna Company(The Sail Network)

    Map of A Maharatna Company (The Sail Network)

    Map of A Maharatna Company (The Sail Network)

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  • Oct 5, 2017
  • 1 🌟 India’S Silk Industry and MoUs Between India and Japan [ Eco. ]

    India’s Silk Industry is world’s second largest after China. India enjoys a unique global position in terms of production of all commercially useful varieties of silk. India produces four varieties of silk: Mulberry, Eri, Tasar and Muga.

    Map of Silk Centers In India

    Map of Silk Centers In India

    Map of Silk Centers In India

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  • Oct 2, 2017
  • 1 Alang-Sosiya Shipyards: 76 Million US Dollar Loan Deal with Japan International Cooperation Limited [ Eco. ]

    A loan deal worth $76 million with Japan International Cooperation Agency (JICA) was approved to upgrade the environment management plan at Alang-Sosiya ship recycling yards. Total cost of the project to be $111 million, out of which $76 million provided as soft loan from JICA

    Map of Alang-Sosiya Shipyards

    Map of Alang-Sosiya Shipyards

    Map of Alang-Sosiya Shipyards

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  • 2 Northeast Venture Fund for Young Startups [ Eco. ]

    Young Start-Ups can avail of the “Venture Fund” facility provided by the Ministry of Development of Northeast to anybody who wishes to set up an entrepreneurship Northeast region. Fund in addition to the provisions of tax holiday and exit period available in the Government of Ind

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  • Sep 23, 2017
  • 1 NITI Aayog Lunches Ease of Doing Business Report: an Enterprise Survey of Indian States [ Eco. ]

    NITI Aayog launched Ease of Doing Business report based on an Enterprise Survey of 3, 500 manufacturing firms across India. Survey assesses the business regulations and enabling environment across India from firms’ perspective.

    Image of Ease of Doing Business Index

    Image of Ease of Doing Business Index

    Image of Ease of Doing Business Index

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  • 2 What is TAPI Gas Pipeline? India Hosting Steering Committee Meeting of TAPI Gas Pipeline [ Eco. ]

    India is hosting the next steering committee meeting of 1, 814 km long Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline as decided by sixth joint India-Turkmenistan Inter-Governmental Committee (IGC) meeting on trade, economic, scientific, and technological cooperation

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  • Sep 20, 2017
  • 1 World’S First Diamond Futures Contracts by ICEX [ Eco. ]

    The Indian Commodity Exchange (ICEX) has launched world’s first diamond futures contracts providing exporters with means to contain their losses. ICEX received approval from market regulator Securities Exchange Board of India (SEBI) for trading in diamond futures contracts.

    Image of World's First Diamond Futures Contracts By ICEX

    Image of World’s First Diamond Futures Contracts By ICEX

    Image of World’s First Diamond Futures Contracts By ICEX

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  • Sep 19, 2017
  • 1 West Bengal’S Gobindobhog Rice Gets Geographical Indication Status [ Eco. ]

    Geographical Indications Registry (GIR) granted geographical indication (GI) status to Gobindobhog rice, a specialty from Burdwan district of West Bengal. South Damodar belt is traditional area of Gobindobhog rice cultivation.

    Map of Native Areas of Cultivation

    Map of Native Areas of Cultivation

    Map of Native Areas of Cultivation

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