Events-India-May-2013

Cabinet allows Drafting of Citizens Charter Bill  more

CAG finds scam in Rs 52,000-crore farm loan waiver scheme more

The current CAG of India is Shashi Kant Sharma

President Pranab Mukherjee reaches Mauritius on three-day visit more

India's cruise missile Nirbhay's maiden test fails more

NCTC will work under IB more

Morsi visit: India, Egypt ink seven pacts more

UPA - United Progressive Alliance 

CAG - Comptroller and Auditor General
ADWDRS - Audit of Agricultural Debt Waiver and Debt Relief Scheme
DFS - Department of Financial Services
DTAA - Double Tax Avoidance Agreement
SADC - Southern African Development Community
COMESA - Common Market for Eastern and Southern Africa
NCTC - National Counter Terrorism Centre

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