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Economic Watch IBS Quest CONTENTS ECONOMIC WATCH Growth Rates 1. Economic watch 1 1. RBI growth estimate of India for 2017-18 7.3 % 2. Current Affairs August 2017 2 2. World Bank forecast for India’s GDP growth for 2017-18 7.2% 3. Miscellaneous 17 3. ADB forecast for India’s GDP growth for 2017-18 7.4% 4. IMF projected GDP growth for India in 2017-18 at 7.2% 4. Current Affairs Last 3 Months 19 5. Fiscal deficit of India for 2017-18 3.2% 5. SSC Special: GS Questions 52 6. Current account deficit for 2017-18 1.2% of India’s GDP 6. Latest GK Tablets 60 India Ranking in different Indexes 1. Ease of Doing Business Index 2017 130th 2. Foreign Direct Investment (FDI) 2016 10th 3. Global Competitiveness Index 2016 39th IB S Quest 4. Good Country Index 2015 70th 5. Global Human Capital Report 2016 105th 6. Global Hunger Index 2016 97th AN IBS (P) LTD. 7. Global Innovation Index 2016 66th INITIATIVE 8. Global Peace Index (GPI) 2016 141st 9. Global Slavery Index 2016 4th Owned, Printed & Published By 10. Global Talent Competitiveness Index 2016 89th 11. Intellectual Property Index 2016 37th Institute of Banking & SSC Exams 12. Logistics Performance Index 2016 35th SCO 13-14-15, Sector 34A, CHD. 13. Sustainable Development Goal Index 2016 110th www.ibsindia.co.in 14. World Economic Freedom Index 2016 112th 15. World Happiness Index 2016 118th e-mail: [email protected] 16. World Press Freedom Index 2016 133rd POLICY RATES 18. World Risk Index 2016 77th Policy Repo Rate : 6.00% FDI Limits Reverse Repo Rate : 5.75% List of Limits in Various Sectors (In %) 1. Petroleum Refining by PSU 49% Marginal Standing Facility Rate : 6.25% 2. Pharmaceutical Sector 74% Bank Rate : 6.25% 3. Medical Devices 100% RESERVE RATIOS 4. White Label ATM Operation 100% 5. Cable Networks 100% CRR : 4% 6. Print Media 26% SLR : 20.00% 7. Civil Aviation 100% LENDING/DEPOSIT RATES 8. Private security agencies 49% 9. Private Sector Banking 74% MCLR (Overnight) : 7.75% - 8.10% 10. Public Sector Banking 20% Savings Deposit Rate: 3.50% - 4.00% 11. Insurance and sub-activities 49% << 1 >> | IBS QUEST | NOVEMBER, 2017 IBS Quest CURRENT AFFAIRS SEPTEMBER 2017 NATIONAL NEWS Prime Minister of Japan Visited India regional and international connectivity through regional economic development. Agreements and MoU’s In the field of disaster risk reduction and disaster prevention. Japanese language education in India as a part of skill training. To enhance connectivity and promote developmental projects in the North Eastern Region of India “Cool EMS” service between the Japan Post and India Post through which fresh food can be sent from Japan to India in Prime minister of japan Shinzo Abe came to India on a two cool boxes to facilitate for the Japanese emigrants in India. day visit to attend the 12th Indo-Japan annual summit To identify and foster talented young scientists from both meeting held at Ahmedabad. the countries to collaborate in the field of theoretical biology Various agreements and MoU’s were signed that would To facilitate and deepen international education cooperation strengthen India-japan bilateral ties. and exchanges between sports authorities of India and japan. This move will enhance our medal prospects in next Olympics. Highlights of the visit: To promote institutional cooperation between RIS and IDE- PM Modi has gifted a marble statuette of Mahatma JETRO to strengthen the capacity of research and Gandhi’s “Three Wise Monkeys” to his Japanese effectiveness of dissemination of research findings. counterpart Shinzo Abe. The monkeys are a symbol of the proverb ‘see no evil, hear no evil, speak no evil’, believed to have its origin in Japan. Penalty on Reliance Industries Ltd & BP PM Modi and Japanese PM Abe lay foundation stone for India’s first High Speed Rail project from Mumbai to The government has imposed a Ahmedabad. penalty of 264 million dollar (about India signed a loan deal worth $76 million with Japan Rs 1,700 crore) on Reliance Industries Ltd and its partners for International Cooperation Agency (JICA) for a project to not fulfilling the targeted production upgrade the environment management plan at Alang-Sosiya of natural gas from KG-D6 fields in 2015-16. ship recycling yards in Gujarat. The Production Sharing Contract allows RIL and its UK India and Japan signed Open sky agreement that will allow partner BP PLC and Canadian partner Niko Resources to their airlines to operate unlimited number of flights between deduct all capital and operating expenses from the sale of the two countries without any restrictions. gas before sharing profit with the government. Japan will extend a loan of Rs 2,239 crore to India for ‘North East Road Network Connectivity Improvement Project’ to improve the National Highway 40 (NH-40) and Madhyamik and Uchchtar Shiksha Kosh" construct a bypass on NH-54 in the Northeast. The project is (MUSK) expected to contribute to the improvement of the intra- The Cabinet approved creation of a single corpus fund in which all proceeds of secondary and higher education cess << 2 >> | IBS QUEST | NOVEMBER, 2017 IBS Quest will be credited and utilised for the government's schemes in ‘Swasth Bachche, Swasth Bharat’ education sector. ‘Swasth Bachche, Swasth Bharat’ The HRD Ministry will be responsible for the Programme, an initiative of administration and maintenance of the non-lapsable pool Kendriya Vidyalaya Sangathan account. to prepare a physical Health and Fitness Profile Card for more than DIPAM 12 lakhs of Kendriya Vidyalaya students was launched in Kochi. Swasth Bachche, Swasth Bharat programme will provide a comprehensive and inclusive report card for children covering all age groups and children of different abilities. Swasth Bachche, Swasth Bharat programme also intends to The Cabinet Committee on Economic Affairs, CCEA has imbibe values of Olympics and Paralympics amongst approved the proposal of Department of Investment and students. public Asset Management, DIPAM for the strategic disinvestment. Mentor India Campaign The approval will help in speedy completion of strategic NITI Aayog launched the Mentor disinvestment transactions. India Campaign, a strategic nation DIPAM is the nodal agency of Union Finance Ministry building initiative to engage mandated to advise the Union Government in the matters of leaders who can guide and mentor financial restructuring of PSUs and also for attracting students at more than 900 Atal investment through capital markets. It will also deal with all Tinkering Labs, established across the country as a part of matters relating to sale of Union Government’s equity in the Atal Innovation Mission. PSUs. The idea of this campaign is to engage leaders who will nurture and guide students in the Atal Tinkering Labs. World Honey Bee Day To create awareness about Beekeeping and uses of its SC Strikes Down Instant Triple Talaq products including Honey, Tribal Cooperative Marketing The Supreme Court set aside the practice of instant divorce Development Federation of India Limited (TRIFED) is through triple talaq among Muslims, terming it as celebrated World Honey Bee Day (WHBD) 19th August. unconstitutional, illegal and void. The main theme of celebrating WHBD is to save Indian In a 3:2 majority judgment, the apex court held that triple honey bee. talaq is against the basic tenets of Quran and hence, is unacceptable. Navika Sagar Parikrama Navika Sagar Parikrama is a project wherein a team of Right to Privacy as Fundamental Right women officers of the Indian Navy would circumnavigate The Supreme Court declared right to privacy as a the globe on an Indian-built sail boat INSV Tarini. Fundamental right under the Constitution. This is the first ever Indian circumnavigation of the globe According to Supreme Court, right to privacy is protected by an all-women crew. The project is scheduled to intrinsically as part of rights guaranteed under Article 21 of commence in early Sep 17. the Constitution. “Sankalp Se Sidhi” program Coast Guard Ship 'Varuna' Decommissioned “Sankalp Se Sidhi” program is being organized across the Indian Coast Guard ship 'Varuna' country to commemorate the 75th Anniversary of Quit India decommissioned with full armed Movement. forces honours after an illustrious << 3 >> | IBS QUEST | NOVEMBER, 2017 IBS Quest service spanning about 30 years, in a traditional military 'Rajaswa Gyan Sangam' ceremony held at the naval base, Kochi. Rajaswa Gyan Sangam, 2017 was held in New Delhi. The objective of the Conference is to enable a two-way First Videsh Bhavan communication between the policy-makers and the senior The Ministry of External Affairs (MEA) has decided to officers in the field offices with a view to increase revenue integrate all its offices in Maharashtra into a single building collection and facilitate effective implementation of law and – the "Videsh Bhavan” - for effective management of its policies in key result areas. engagement with the State Government of Maharashtra. India’s First World Heritage City Certificate First National Sports Museum Ahmedabad in Gujarat was formally accorded the status of The Ministry of Youth Affairs and Sports is going to India's first World Heritage City establish National Sports Museum, first of its kind, at The honour makes the walled city of Ahmedabad the first Jawaharlal Nehru Stadium, New Delhi. city in India, and the third in Asia, to be on the list. This museum will showcase the India’s achievements in sports and also focus on the traditional sports within the SAUNI Scheme country. President Ramnath Kovind laid foundation stone for link - 4 of Saurashtra Narmada Avataran Irrigation Scheme - Bharat Bill Payment System SAUNI- Yojana in Rajkot district. The National Payments Corporation of India (NPCI) has SAUNI project had been launched by Prime Minister given a nod to Spice Digital Ltd for processing bill Narendra Modi during his tenure as Chief Minister of payments under the Bharat Bill Payment System (BBPS) as Gujarat aims to fill up 115 major dams by diverting a Bharat Bill Payment Operating Unit (BBPOU).
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