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Jan 20 th, 2016
Misc CANo Comments

15 Economy Related Short-Hand Notes (2 Mins) Revision – Current Affairs Aug-Sept – Coming Exams

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• China interest rate cut > markets rebound

• RBI > India doing good > learn from best practices of world financial institutions > share best practices >

• Increase in foreign equity from some % to more > requires FIPB approval > FDI beyond certain limit req. CCEA approval > less than Rs.5K Crores by FIPB

• BSNL > free roaming > added 8 lakh customers

• Smart city > uses ICT to enhance citizen engagement

• Yuan devaluation > EXIM taking advantages > suggesting corporate to make cheap imports of raw materials

• 2% cess > on airfares > fund flights in regional and remote areas

• 29th Aug > India’s external debt increased by 6.6% to $475 bn > rise in commercial bank loans and securitized borrowings

• Inflation down quicker > rates can be cut > rajan

• Raw material shortage > furniture segment > sinking

• GVA = GDP + subsidy – taxes

• SBI > ICICI > D-SIBs > under better observation to avoid make them default

• Auction system in ports > for handling cargos > due to financial irregularities

• Russia > India’s largest tea importer > Turkey imports a lot of black tea > SL and India supplies the same to it > India has the potential to increase it’s tea export to Russia

• Airlines gang up > to increase fare > cartelization > penalty for same has also been put on them (will be covered in coming articles)

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