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Friday, 21 December 2012

CURRENT AFFAIRS DECEMBER 2012- ECONOMICS

  • The American Depository Shares(ADS) of IT giant Infosys starts trading in NYSE under the ticker name INFY

  •  Naina Lal Kidwai, Country head of HSBC India is appointed as the President of FICCI (Federation of Indian Chambers of Commerce and Industry)

  • Consumer Price Index(CPI) data for the month of November ’12 released.The retail inflation rate rises to 9.9%

  •  Indian, Harmit Singh is appointed as the new CFO of the international apparel brand Levi Strauss & Co

  • Bombay Stock Exchange (BSE) launches SME Index which now comprises of Small And Medium Enterprises(SME’s) which helps to track the market conditions and growth of investment

  •  ICICI bank opens 101 Gramin branches in villages with no banking facility spread across 6 states, as part of its financial enclosure plan

  •  The Union Cabinet approves a Rs.6779 crore revival package to The Fertilizers and Chemicals Travancore Limited(FACT), Udyogamandal

  •  Axis Bank , the leading private sector Bank launches e-Gift Card facility to customers, thereby becoming the first bank to provide such a facility

  •  Lok Sabha passes the Banking Bill

  • Mark Zuckerberg, the Chief Executive Officer of Facebook Inc donates USD 500 million health and education charity works

  •  The Government in its Mid-Year Economic Analysis lowered the growth projection for the current fiscal year from earlier estimated 7.6% to 5.7%-5.9%

  •  Delhi Government introduces debit card “Saral Money” for Aadhar cardholders which automatically opens a bank account in the name of the beneficiary

  •  Fortune-500 List of Indian Companies names Indian Oil Corporation(IOC) as the company with highest revenue. Reliance Industries (RIL) is ranked second in the list

  • The Reserve Bank of India(RBI) signs a three year pact,Bilateral Swap Agreement(BSA) with Bank of Japan


   
  • UK based News Corp to restructure the top management into two entities-the publishing house, News Corporation and the entertainment & media house Fox Group

  • IT major Infosys decides to shift its American shares from Nasdaq to NYSE

  • The number of deaths in the country this year till November 15 due to dengue has touched 216, with Tamil Nadu topping the list with the death of 60 people.

  • GDP (gross domestic product) growth dipped to 5.3 per cent in the second quarter (July-September) of 2012-13 from 6.7 per cent in the same quarter during the previous fiscal, mainly owing to dismal performances by the farm and manufacturing sectors

  • Bharti Infratel Ltd., the telecom tower business of Bharti Airtel, is entering the capital market with an initial public offer (IPO) to raise over Rs.4,500 crore. This will be the biggest IPO since that of Coal India’s two years ago.

  •  India’s Index of Industrial Production (IIP), soared to 16-month high of 8.2 per cent in October 2012

  • Reserve Bank of India(RBI) sets up “Supervisory college” for State Bank of India(SBI) and ICICI Bank

  •  Tax expert, Parthasarathi Shome appointed as the Advisor to the Union Finance Minister, Mr.P Chidambaram

  •  Only cheque books that follow Cheque Truncation System(CTS) to be accepted from January 1st, 2013 onwards.

  •  India has been ranked 94th out of 176 countries in Transparency International’s 2012 Corruption Perception Index (CPI). Last year, India was ranked 95 out of 183 countries that were studied.

  •  "Aapka Paisa, Aapke Haath"(Your money in Your hands) is the slogan for the Direct Cash Transfer scheme introduced by the Government

  •  Department of Financial Services Secretary D. K. Mittal has been accorded additional charge of the Department of Disinvestment following the retirement of Mohammad Haleem Khan as DoD Secretary on November 30.

  •   Mumbai International Airport Pvt Ltd (MIAL) issues eviction notice to Kingfisher Airlines

  •  The Bombay Stock Exchange (BSE) launches, country’s first carbon based thematic index, BSE Carbonex

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