Economy-April-2013

:CSO released estimates of National Income 2012-2013
Estimated GDP 55,03,476 crore
Estimated growth of GDP is 5.0

:RBI Guidelines for new bank
minimum capital should be 500 crore
For the first five years foreign shareholders must be 49%

:Food grain output in 2012-13 may fall to 3.5% (250.14 tonnes)

:India's External debt increased by 9.4%

:BHEL and GAIL got maharatna status
other companies are ONGC,NTPC,SAIL,IOC,CIL

:New stock exchange - MCX-SX

:Rajeev Gandhi equity Saving scheme launched
applicable to companies with profit upto 10 lacks
50000 tax relief is given



GDP-Gross Domestic Product
CSO-Central Statistics Office
NNI-Net National Income
GAIL-Gas authority of India Limited
BHEL - Bharath Heavy Electronics Limited
IIP - Index of industry production
WPI - Whole sale price index


Defs

Trade deficit : Countries import exceeds its exports