(Current Affairs) Economy & Energy | December : 2013

Economy

  • IPDS for Textiles Industry
    (Free Available)

  • Broadband Subscriber increased to 15.24 Million
    (Free Available)

  • Telecom Subscribers increased to 904.46 Million (Only
    for Online Coaching Members and
    Premium
    Members)

  • India & Japan Signed MoU to study Mumbai-Ahmedabad Rail
    Route (Only
    for Online Coaching Members and
    Premium
    Members)

  • Pact for Uttar Pradesh Water Sector Restructuring Project
    (Only
    for Online Coaching Members and
    Premium
    Members)

  • Cabinet Committee on Economic Affairs Decisions (Only
    for Online Coaching Members and
    Premium
    Members)

  • Integrated Textile Parks Scheme in 12th FYP (Only
    for Online Coaching Members and
    Premium
    Members)

  • Trade Deficit Estimated at 80126.24 Million US Dollars
    (Only
    for Online Coaching Members and
    Premium
    Members)

  • Jet-Etihad deal Approved by SEBI (Securities Exchange Board
    of India) (Only
    for Online Coaching Members and
    Premium
    Members)

  • Bhubaneswar and Imphal airports were Declared as
    International Airports (Only
    for Online Coaching Members and
    Premium
    Members)

  • RBI reduced the MSF Rate to 9 Percent (Only
    for Online Coaching Members and
    Premium
    Members)

  • National Mission on Oilseeds and Oil Palm approved (Only
    for Online Coaching Members and
    Premium
    Members)

  • MSP of Wheat by 50 Rupees per Quintal (Only
    for Online Coaching Members and
    Premium
    Members)

  • IFC Launched 1 Billion Dollar offshore Rupee Bond Programme
    (Only
    for Online Coaching Members and
    Premium
    Members)

  • RBI Allowed Banks to Revise Periodicity of Interest Payments
    (Only
    for Online Coaching Members and
    Premium
    Members)

  • SEBI approved Major Reforms to Attract Overseas Investors
    (Only
    for Online Coaching Members and
    Premium
    Members)

IPDS for Textiles Industry

The Cabinet Committee on Economic Affairs on 30 October 2013
approved the launch of the new Integrated Processing Development Scheme (IPDS)
during the 12th five year plan with an investment of 500 crore rupees.

The IPDS was approved for establishment of four to six brown field projects
and three to five green field projects that addresses the environmental issues
that is faced by the Textile Processing Units.

The projects are eligible under the scheme that cover following things:

  • Common Effluent Treatment Plant (CETP)
  • Captive power generation on technology preferably renewable/green
    technology
  • Infrastructure such as storm water management, necessary roads and
    pipelines for water & wastewater
  • Facility for testing and R&D centers

The scheme would make possible for the textiles industry to
become the globally competitive by using the processing standards and
technology, which are environment friendly and by creating the new processing
parks. It will also help in upgradation of the processing clusters/centers in
existence, specifically in the areas of the water and waste water management.
The scheme will also encourage the
research and development work in the textiles processing sector.

Broadband Subscriber increased to 15.24 Million

As per the latest telecom subscription data released by the
Telecom Regulatory Authority of India on 31 July 2013, total Broadband
subscriber base in India increased from 15.19 million at the end of June 2013 to
15.24 million at the end of July 2013. This is a monthly growth of 0.33 percent.
Yearly growth in broadband subscribers is 3.79 percent during the last one year
(July 2012 to July 2013). At present, there are 161 Internet Service Providers
(ISPs) which are providing broadband services in the country. Out of these, 121
ISPs (having 98.48 percent market share) have provided broadband subscription
data for the month of July 2013, for the rest of the ISPs data from previous
month has been retained. Top five ISPs in terms of market share (based on
subscriber base) are: BSNL (9.97 million), Bharti Airtel (1.43 million), MTNL
(1.10 million), Hathway (0.37 million) and You Broadband (0.32 million).

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