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Major Economic Facts 2012 - 04

PUBLISHED BY: SURENDER KUMAR
AUGUST 13, 2013

   
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Electronic Cash Transfer scheme will cover ----- 6 schemes 

 

As per Wireless Intelligence, the 4th largest Mobile Operator globally ----- Bharati Airtel

 

"Insider Trading Bill" has been passed by ----- USA

 

The organization with which India commemorates the 25th year of its partnership ----- Asian Development Bank

 

Contribution of MSME (Micro, Small and Medium Enterprises) to India's GDP ----- 8%

 

Fiscal Deficit, Revenue Deficit and Primary Deficit as per General Budget 2012-13 ----- 5.1%, 3.4% & 1.9% respectively

 

As per World Investment Report, the 3rd  Best Destination for FDI ----- India,  1st ----- China, 2nd­ ----- USA

 

Gross NPA (Non- Performing Assets) for all Banks in 2012 as per RBI ----- 2.9% (It was 2.4% was in 2011)

 

MSP (Minimum Support Price) for Wheat for 2011-12 ----- Rs.1285 per quintal

 

Guaranteed employment under MGNREGA in drought-hit states-----150 Days (Normally, it lasts 100 days)

 

As per BASEL III, the deadline for ensuring Capital Buffer of 25% is ----- January 2019, RBI has fixed it at ----- March, 2017

 

Limit on Loan to Value (LTV) for Gold has been fixed by RBI for NBFCs at ----- 60%

 

Disinvestment target as per General Budget 2012-13 ----- Rs.30000 Crore

 

On the Global Manufacturing Competitiveness Index, the topmost nation ----- China, India stands at ----- No. 2

 

The General Budget 2012-13 fixes the STT (Securities Transaction Tax) and Service Tax at. ----- 0.1% & 12% respectively

 

Head of the panel advising on matters of International Taxation ----- R. S. Gujral

 

Equities are considered long-term capital gain if sold after 1 year of purchase. The rate of long-term capital gains tax ----- Nil

 

World Economic Forum 2012 held at ----- Davos (Switzerland)

 

The BRICS Conference (Brazil, Russia, India, China & S Africa) held in ----- Sanya (China)

 

Committee on Cash Transfer Scheme covering LPG, Fertilizers and Kerosene was headed by ----- Nilekani Nilekani

 

The major Internet search engine of China ----- Baidu

 

The Indian state notorious for the highest incidence of poverty ----- Odhisha

 

Highest Per Capita Income ----- Goa, Lowest per capita income ----- Bihar

 

The country at the top of the Happy Planet Index ----- Costa Rica

 

Cash component of each Nobel Prize ----- 8 million Swedish Kroner

 

In India, average rural Internet penetration ----- 0.4%, Urban Internet access is ----- 6%

 

Fitch and S&P rating for India’s sovereign debt ----- BBB - (downgraded from stable to negative)

 

The state with the highest number of urban households having Internet connection is ----- Maharashtra. Jointly placed at No. 2 are ----- Kerala and Himachal Pradesh

 

As per IMF, the global economic Growth rate in 2012 was ----- 3.3 9%, in 2013, it is projected to be ----- 3.6%

 

The Health City of Haryana is ----- Gurgaon

 

Revised minimum capital for setting up a bank will be ----- Rs 500 Cr

 

The highest paid player as per Forbes Rich List ----- Floyd Mayweather

 

World's top milk producer is ------ India

 

Items outside the application of the proposed GST ----- Petroleum products and alcohol

 



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