(Current Affairs) Economy & Energy | October : 2012

Economy & Energy

  • 50% Diesel Subsidy to farmers
  • Patented Drug Prices to be Linked with Per-capita Income
  • ONGC strikes oil off the West Coast
  • 49 Percent FDI in Insurance and Pension Sector
  • 7 Alternative Investment Funds (AIFs) to start Operation in India
  • India’s Exports declined to 22.4 Billion Dollar
  • CLB stays the auction of Uninor
  • Two subsidiaries of Air India: AIESL and AITSL
  • Rs 808 crore FDI proposal by Cloverdell cleared
  • Textiles Ministry sets $40 billion export target
  • Call for Deterrent Penal Provisions against Units in SEZs
  • Panel Findings & Recommendations
  • India Registered 2.1 Percent growth in Foreign Tourist Arrivals
  • NBFC-MFI norms modified
  • Moody’s cut India’s Growth Forecast to 5.5 Percent
  • SEBI allowed Partial Flexibility in IDRs
  • RBI transferred a Surplus of Rs 16010 crore
  • StanChart to pay $340 m to New York regulator
  • External Overseas Borrowing Rules eased
  • Advantages for Lower-rated Companies
  • Fitch revised the Indian Retail Sector Outlook to Negative
  • Assumptions

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