Economics Current Affairs january,2013

Pakistan’s export to India during the period from April to December, 2012 register a 66% growth in comparison with previous year

As per estimates, Venezuela is being ranked as the country with highest inflation rate in the World-29.8% as on December 2010

The Reserve Bank of India cuts repo rate by 25 bps to 7.75 per cent and CRR by 25 bps to 4 per cent in its third quarter monetary policy review

Reserve Bank of India has lowered India’s economic growth for the current fiscal year to 5.5 % from its earlier forecast of 5.8%

The Chinese Ministry of Commerce decides to levy import duties on two chemicals from the US and European Union for 5 years

Federation of Indian Chambers of Commerce and Industry(FICCI) projects Indian economy to grow by 6.7% in the 2013-’14 fiscal year

Singapore-based SpiceGlobal announces its plan to enter into Indian Healthcare Industry by initially setting up 1000 bed hospital

International Monetary Fund(IMF) forecasts world’s economic growth rate for 2013 to be 3.5%

International Monetary Fund(IMF) forecasts India’s economic growth rate for India in 2013 to be 5.9% and that for 2014 to be 6.4%

Dutch Finance Minister Jeroen Dijsselbloem is appointed as President of the Eurozone's Group of Finance Ministers

International Labour Organization (ILO) report projects 202 million jobless people around the world by 2013 end.

The Central Government to infuse a capital of Rs.3004 crores to the largest public sector bank of India, the State Bank of India for the current fiscal year

World Bank cuts its Global Growth Forecatst for the year 2013 to 2.4 percent from the earlier forecasted 3%

Lakshmi Vilas Bank has appointed K S R Anjaneyulu as the Additional Director, Managing Director and Chief Executive Officer with immediate effect

Finance Minister P Chidambaram has deferred implementation of GAAR to April 2016 and has announced that FIIs will be exempted from its purview

Japanese Government announces a $ 226.5 billion stimulus plan to rebuild disaster-hit areas of the country and to beef up the nation’s military resources.

Rajiv Kumar Goyal is appointed as the Executive Director of Central Bank of India, succeeding R K Dubey

R K Dubey is being appointed as the Chairman and managing Director of Canara Bank

Indian Index of Industrial Production (IIP) of November 2012 contracts to a four month low of .1%

India’s December 2012 Retail Inflation jumps to 10.56% in comparison with 9.90% in the month of November

India’s overall exports for the month of December registers a drop of 1.92%

India’s December 2012 headline inflation drops marginally to 7.18% in comparison with 7.24 in the month of November

Jacob “Jack” Lew to replace Tim Geithner as the US Treasury Secretary

Rating agency, Fitch maintains its negative rating of India’s Sovereign Rating

Senior IAS officer Rajiv Thakur is being appointed as Secretary in the Ministry of Finance

Competition Commission of Indi(CCI) approves the 30% stake purchase by Punjab National Bank(PNB) in Metlife India Insurance Company

Urjit Patel has been appointed as a Deputy Governer of the Reserve Bank of India(RBI)

Y V Reddy being appointed as the Chairman of the 14th Finance Commission

The first phase of Direct Cash Transfer scheme to be launched by the Union Government in 20 districts.

India’s Forex Reserves decrease by USD 92.8 million for the week ended 21st December, 2012

World Organisations Current Affairs january,2013

The UN Telecommunications Agency approves the new compression format H.265 which can drastically reduce the size of video files

The UN Security Council condemns North Korea for its rocket launch of December and decides to extent the already existing sanctions against the country

The four day Annual summit of the World Economic Forum begins in Davos, Switzerland

Union Minister for Urban Development and Parliamentary Affairs, Kamal Nath to lead the Indian delegation to World Economic Forum to be held at Davos.

The World Bank has indicated its inclination to set up a crash analysis centre for the first time in India

The World Conference on International Telecommunications (WCIT) which was held in Dubai agrees a fresh international treaty called the New Global Telecoms Treaty

The health ministers meet of BRICS nations (Brazil, Russia, India, China and South Africa) decides to set up a Technical Working Group(TWG) to monitor information exchange between the nations

United Nations officially ends the peace keeping mission under the leadership of Finn Reske-Nielsen in East Timor

Political Current Affairs january,2013

Vasundhara Raje Scindia likely to be appointed as the State President of Bharatiya Janata Party in Rajasthan

Samajwadi Party(SP) chief Mulayam Singh Yadav directs party workers not to use his photograph in party banners and posters without party’s permission

The Supreme Court of India orders a second look into the earlier order passed by the then UP governer who refused probe against the BSP Chief Mayawati on Taj Corridor case

Gujarat Chief Minister Narendra Modi to be elected to the post of BJP’s campaign committee for the 2014 Loksabha polls

The Aam Aadmi party headed by Arvind Kejriwal launches its Uttarakhand unit

Rajnath Singh is elected as the President of Bharatiya Janata Party, replacing Nitin Gadkari

Veteran BJP leader Vajubhai Vala to be sworn in as the new Speaker of the Gujarat State Assembly

Uddhav Thackeray, son of late Bal Thackeray takes charge as the Chief of Shiv Sena

Former Haryana Chief Minister Om Prakash Chautala and his son Ajay Chautala sentenced to 10 years imprisonment on corruption charges

Pakistan Commerce Minister Makhdoom Amin Fahim has called off his visit to India

Kalyan Singh’s Jankranti Party (Rashtrawadi) announces merger with Bharatiya Janata Party

The Congress Working Committee nominates Rahul Gandhi to the post of Congress Vice President

Union Cabinet imposes President’s rule in Jharkhand

Former Haryana Chief Minister Om Prakash Chautala, his son and MLA Ajay Chautala are convicted by a Delhi court on charges of Recruitment scam.

The Chief Minister of Jharkhand, Arjun Munda submits resignation following JMM’s withdrawal of support to his coalition Ministry

Jharkhand Mukti Morcha(JMM) withdraws support to the BJP-led coalition government in Jharkhand

18th National Level meeting between Myanmar and India being held in New Delhi

US Congress passes the Fiscal cliff bill by huge majority

Veteran Socialist Trade Union leader Kishore Pawar passed away in Pune at the age of 86 after 1 month of illness

Indian History Current Affairs january,2013

The Bihar Government to issue new multi-purpose smart card to prisoners, thus becomes the first state in the country to do so

The Indo-Pakistan secretary level talks on Water sharing scheduled to be held today(28th Jan, 2013)is being postponement

The city of Kochi in Kerala has the largest number of obese population, as per a national survey conducted over 11 cities in the country

The Supreme Court of India bans construction of religious structures and statues at public places

District Court at Patiala House, New Delhi becomes the first district court in the country to implement complete e-stamping facility.

The Indian and Pakistani armies held Brigade Commander-level flag meeting at Chakan-Da-Bagh in Poonch district in Jammu and Kashmir

The International Kite Festival organized by the Gujarat Tourism Department was held in Ahmedabad on the banks of river Sabarmathi

A commemorative postage stamp on Silk Letter Movement is being released by Pranab Mukherjee, the Hon President of India

The Chief Minister of Haryana, Bhupinder Singh Hooda lays the foundation stone of the National Data Centre of Unique Identification Authority of India (UIDAI) at Maneshar, Gurgaon in Haryana.

Mantra Airlines launches the first civil aviation service between Jammu and Kargil sectors

The three day Pravasi Bharathiya Divas(PBD) celebrations being inaugurated by Prime Minister Dr.Manmohan Singh at Kochi, Kerala

The first successful Intestine Transplant surgery was held at Medanta Medicity,Gurgaon