Jan Current Affairs

Economic Scenario
1. GDP Grew 7.9% in July-Sept 2009
GDP acheived 7.9% in 2nd quarter of financial year of 2009 more than GDP acheived in 1st quarterr of financial year of 2009 which is 6.1%.
Significant growth in mining and quarring at 9.5%.
1) Agriculture forestry & fishing-0.9%
2) Manufacturing-9.2%
3) Trade, Hotels, Transport & comm.-8.5%
4) Community and personal services-12.7%


2. Finance ministry’s mid term review predicts growth to exceed 7.75% in 2009-10.

3. 13th Finance Commission
The 13th finance commission under the chairmainship of Mr. Vijay Kelkar submitted his report.
4. Food inflation soars to 20%
Whole sale food prices touched a 10 year high with food inflation reached 19.95%.
“Inflation rate is measured by the wholesale price index(WPI), surged to 4.78% for the month Nov-2009.”
WPI
1.Manufactured Products- +3.99%
2. Primary Articles- +11.84%
3. Fuel, Power, Light, Lubricants -0.89%
4. All Commodities +4.78%

5. Direct Tax
Direct tax collection for April-Nov period of the year has Registered 3.7% growth at Rs. 1,83,822 crore up from 1.77 lakh from last 8 month of last year.



6. Indirect Tax
21% declines in 8 months which is only 46.1% of the target fix by government.
1. Excise Tax- 17.4%
2. Custom Tax- 31%
3. Service Tax- 6.6%
7. Best CEO: Harward Review:-
1. Steve Jobs: APPLE
2. Yun Jong-Yong SAMSUNG
3. Alexey Miller GAZPROM
4. John Chamber CISCO
5. Mukesh Ambani RIL
8. RBI provide bank relief:
RBI has provided Relief to a no. Of Scheduled Commercial Banks by allowing them to include technical write offs while increasing the provisional Coverage ration (PCR) to 70%.
9. FII registers 70% fall
10. NTPC identifies two coal mines in “Indonesia.”
11. $700 Mn ADB loan
Asian Development bank has signed an agreement with indian Govt. For granting loan for country’s Infrastructure projects.
The loan wll be released in three tranches over a period of three years. The first tranche will be $210 million.
12. RIL Defeats ONGC
RIL has become the largest natural gas producer in the country.