Current Affairs | ECONOMY & CORPORATE

Current Affairs | ECONOMY & CORPORATE

June 26 to July 2, 2018


Section G: ECONOMY

• Virtual ID system for Aadhaar becomes operational: UIDAI
• Fiscal deficit touches 55.3% of FY19 target in April-May
• India's external debt went up 12.4% to $529.7 billion in March 2018
• ECGC, NEIA to get more capital support to boost exports
• CCEA approves increase in price of ethanol derived out of molasses
• Govt to link 22,000 rural markets to e-NAM portal
• 6.5MMT Strategic Petroleum Reserves to be set up at Chandikhol in Odisha and Padur, Karnataka
• Micro, Small and Medium-sized Enterprises Day celebrated on June 27
• NITI Aayog, GNFC to use blockchain technology for subsidy payments
• Climate change could cost India 2.8% of GDP by 2050: World Bank
• Renewable Energy Dialogue-2018 held in New Delhi
• ICF, Chennai rolls out stainless steel multiple unit powered by AC system
• Tax department launches free ‘instant’ PAN card service for Aadhaar card holders
• 12th Statistics Day celebrated on June 29
• Doctors’ Day celebrated on July 1
• Chartered Accountants Day celebrated on July 1
• First 'GST Day' celebrated on July 1
• India 35th on JLL global realty transparency index
• Handicrafts sector exempted from min salary condition for employment visa to foreign designers
• No overtime allowance for Central Govt staff
• IMF suggests reforms for higher growth
• Ban on Oxytocin manufacture by private sector to come into effect from July 1
• ED ties up with Gujarat forensic university for effective money laundering, forex probes
• Govt extends PAN-Aadhaar linking deadline extends to March 2019
• P. K. Shrivastava appointed new director general of Ordnance Factory Board
• S. Ramesh appointed chairman of Central Board of Indirect Taxes and Customs

May 1st Week.


Section G: ECONOMY

• GSTN to be converted to govt entity
• GST Council announces simplified return filing process
• India tops list of fastest growing economies for coming decade: Harvard study
• Govt doubles PMVVY pension investment limit to Rs 15 lakh; extends scheme by 2 years
• Forex reserve decline to $420.36 billion for the week ended April 20
• DoT releases draft of the National Telecom Policy (NTP) 2018
• Cabinet approves financial assistance to sugar mills for clearing cane dues of farmers
• Cabinet approves continuation of "Green Revolution - Krishonnati Yojana"
• Cabinet approves for accession to protocol on eliminating illicit trade in tobacco products
• Cabinet approves formation of technical cadre of PESO
• CCEA approves renaming of MsDP as "Pradhan Mantri Jan Vikas Karyakram"
• Govt approves restructuring of Indian Bureau of Mines
• EPFO discontinues services through CSC "pending vulnerability checks"
• April gross GST revenue collection at over Rs 1 lakh crore
• Core sector growth rate slows to 4.1% in March; 4.2% in 2017-18
• Govt launches pilot scheme to buy 2.5 GW from power plants not having PPAs
• DGCA announces logo design contest
• Cabinet approves ordinance to amend law for speedy disposal of commercial disputes
• India slips 3 notches to 11th spot in AT Kearney FDI Confidence Index
• Telecom Commission clears proposal for in-flight mobile services
• Subhash Chandra Khuntia appointed as IRDAI Chairman

June 26 to July 2, 2018


Section H: CORPORATE

• Tata Steel to set up JV with Thyssenkrupp in Europe
• NMDC, Kopano Logistics form JV for exploration in South Africa
• RIL to acquire US-based Radisys
• Times Internet buys majority stake in MX Player for Rs 1,000 crore
• Penguin Random House India acquires Hind Pocket Books
• Cisco to set up innovation labs in 5 Indian academic institutions
• HCL Tech acquires H&D International for 30 mn euros
• Diageo invests Rs.27 crore in start-up HipBar
• Amazon to buy online pharmacy PillPack
• Facebook introduces 'Keyword Snooze' in News Feed
• Facebook ends drone programme
• Alibaba plans ‘Luohan Academy’
• Hello Kitty bullet train debuts in Japan

May 1st Week.


Section H: CORPORATE

• DSP Group to buy out BlackRock‟s stake in JV
• Ola launches new initiative for social causes
• Infibeam to buy Snapdeal‟s Unicommerce in Rs 120-cr deal
• L&T inks pact with Schneider Electric to divest electrical, automation business
• HPCL begins home-delivery of diesel in Mumbai
• Maruti Suzuki set to shake up the vehicle lubricant market
• Patanjali ranked as most trusted FMCG brand in India
• Cognizant buys data analytics firm Hedera
• Nestle to pay $7 billion in cash to sell Starbucks coffee worldwide
• Sainsbury‟s to buy Asda to create top UK supermarket chain
• Marathon to become top U.S. refiner with $23 billion Andeavor buy
• PM Modi most liked leader in world on Facebook

June 26 to July 2, 2018


Section I: STATES

• Kabir Mahotsav organised at Maghar in Uttar Pradesh
• UP govt hikes monthly pension of political prisoners during Emergency to Rs 20,000
• Kathmandu-Varanasi direct flight flagged off
• Haryana to hold world conference of wholesale market in October
• Use of LED bulbs in Haryana government offices mandatory by August 15
• Karnataka decides to challenge Cauvery water authority in SC
• UAE plans consulate in Hyderabad
• US Pharmacopeia (USP) sets up training institute in Hyderabad
• Kerala govt. declares Kozhikode and Malappuram districts as Nipah virus free
• Nissan to launch its first global Digital Innovation Hub in India
• Herbalife Nutrition India sets new Guinness World Record in Bengaluru
• Odisha signs MoU with RIMES for early disaster warning system
• Five killed as private aircraft crashes into construction site in Mumbai
• Maharashtra govt announces 'Kanya Van Samruddhi Yojana'
• MCX launches 'Cotton Mission' for Maharashtra farmers
• Saudi ARAMCO and ADNOC sign MoU for Ratnagiri refinery project
• EDF, GE ink deal to build 6 nuclear reactors in Jaitapur, Maharashtra
• Jews in Gujarat given ‘religious minority’ status
• Arunachal Pradesh may lift anti-conversion law
• Mizoram Assembly adopts resolution against Citizenship Bill
• J&K Governor appoints third advisor
• Rajasthan MLA Ghanshyam Tiwari resigns from BJP
• Subodh Kumar Jaiswal becomes Mumbai police commissioner
• Sathyasri Sharmila becomes India's first transgender lawyer
• Bengaluru-based realtor D. Ravishankar donates ₹100 cr. to Rotary Foundation

May 1st Week.


• Uma Bharti launches Gobardhan Yojana from Haryana
• Haryana govt. to bear interest on loans taken by SHGs
• Tourism Minister inaugurates Indian Culinary Institute, Noida Campus
• SC strikes down Uttar Pradesh law allowing ex-CMs to keep govt house
• New weekly Antyodaya train launched on Durg-Ferozpur route
• SpiceJet launches direct flight between Delhi and Adampur
• Shivaji statue height increased, to be world‟s tallest at 212
• Odisha, Tata Trust sign MoU to set up cancer hospital
• „Go to Village‟ mission launched by CM in Manipur
• Leisang in Manipur becomes country‟s last village to get electricity
• NPP wins Williamnagar Assembly seat in Meghalaya
• Pawan Chamling pips Jyoti Basu to become India‟s longest serving CM
• Kavinder Gupta sworn in as Deputy CM in J&K
• Director Arjun Hingorani, who launched Dharmendra, dies at 92
• Noted Malayalam novelist Pushpanath passes dies at 80
• Renowned Marathi singer Arun Date dies at 84
• Noted Odia lyricist Gurukrushna Goswami dies at 84
• Freedom fighter, writer Keyur Bhushan dies at 90
• Karnataka BJP MLA Vijayakumar passes away
• Independent MLA Dinesh Rai joins BJP in MP


April 2018.


– BSE Sensex closes at 33,627 points (+30), NSE Nifty at 10,331 (+6)
– Foreign exchange reserves hit a life-time high of $424.361 billion in the week to March 30
– ICICI Bank becomes first to enable SWIFT’s improved cross-border payment service
– RBI issues stiff norms for transportation of cash by banks
– RBI asks all payment system operators to store all data within India to ensure security of users’ information
– RBI increases foreign flow limit in bonds by over Rs 1 lakh crore in 2018-19
– Railway catering services in trains or stations to attract 5% GST
– Govt. organised Global Logistics Summit in Delhi on April 5-6 in partnership with FICCI and World Bank Group
– India losing 14% of its GDP due to inefficient logistics: Govt. at Global Logistics Summit in New Delhi
– Govt begins process to procure 110 fighter jets for IAF for $9-13 bn
– KVIC launches Khadi Store Locator App
– Cisco and NASSCOM to set up ‘thingQbator’ at Thiruvananthapuram
– RBI defers implementation of Indian accounting standards (Ind AS) by one year
– RBI switches back to GDP-based measure to offer its growth estimates from the gross value added (GVA) methodology


– BSE Sensex closes at 33,590.38 points (+571.31), NSE Nifty at 10,314.30 (+185.90)
– RBI bars regulated entities from dealing in cryptocurrencies like bitcoins
– Exim Bank to give loans worth Rs. 29,200 crore to Bangladesh for financing of social and infrastructure projects
– Nikkei India Services PMI Business Activity Index registers an increase from 47.8 in February to 50.3 in March
– CBDT forms committee to study cases of high-net- worth individuals (HNWIs) escaping abroad
– CBI books Vadodara-based Diamond Power Infrastructure Ltd. (DPIL) for Rs 2654-crore bank fraud
– Union Minister launches Piyush Goyal launches UTTAM App for coal quality monitoring
– SC vacates Bombay HC stay on sale of assets of Anil Ambani-led telecom firm Reliance Communications (RCom)
– Ola launches in-trip insurance for passengers, starting at a premium of ₹1 per ride for a cover of ₹5 lakh

– BSE Sensex closes at 33,019.07 points (–351.56), NSE Nifty at 10,128.40 (–116.66)
– Shares of speciality alloy maker Mishra Dhatu Nigam (MIDHANI) listed on bourses
– Govt. to downsize Competition Commission of India (CCI) from its existing 7-member composition to a 4-member one
– India becomes world’s 2 nd largest producer of crude steel in February behind China
– Financial Intelligence Unit (FIU) slaps penalty of Rs 9 crore on Bank of Baroda for violating anti-money laundering norms
– NHAI lists its Rs 25,000-crore medium-term notes (MTN) issue on BSE’s India INX
– Govt. to set up National Cyber Coordination Centre (NCCC) to address various kinds of cyber security threats
– Quitline number, enhanced pictorial images, text messages on tobacco packs from September 1
– India’s share of foreign tourist arrivals (FTAs) globally during 2016-2017 was 0.71%
– Cabinet approves MoU with Iran on the establishment of an expert group on trade remedy measures
– Cabinet approves closure of loss making Railway CPSE Burn Standard Company Ltd
– ICICI facilitates seamless money transfer for NRIs via ‘Money2India’
– India is 3 rd most vulnerable country in terms of risk of cyber threats behind USA and China: Symantec
– IndusInd Bank gets RBI’s approval to buy the securities services arm of IL&FS
– Ashok Leyland rolls out 2,00,000th LCV from Hosur plant in Karnataka

– BSE Sensex ends at 33,371 points (+115), NSE Nifty at 10,245 (+33)
– ICICI Securities raises Rs 3,515 crore from its recently concluded IPO
– NSE and Colombo Stock Exchange ink pact to collaborate
– RBI did not do proper auditing: CVC K V Chowdary on PNB fraud
– UIDAI unfurls beta version of Virtual ID; can be used in place of Aadhaar
– Nikkei India Manufacturing Purchasing Managers Index (PMI) declines from 52.1 in February to 5-month low of 51.0 in March
– Petrol prices touch five year high of Rs 73.95 per litre in Delhi
– Digital payments services on Microsoft Kaizala mobile app in India
– India will be the partner country for International Frankfurt Trade Fair ‘Ambiente 2019’ in February 2019
– Commerce and Industry Minister Suresh Prabhu today launched digital initiatives for ease of exports
– US-based Rockefeller Foundation’s 100 Resilient Cities selects 4 Indian cities to help them combat challenges
– Amazon Business expands its ‘Global Selling’ programme by unveiling business-to- business selling for Indian exporters
– Ola acquires end-to- end public transport ticketing app Ridlr
– TAFE acquires Serbia’s IMT tractor brand