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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 19 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 21 5. Fiscal deficit of India for 2017-18 3.2% 5. SSC Special: GS Questions 56 6. Current account deficit for 2017-18 1.2% of India’s GDP 6. Latest GK Tablets 64 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 | OCTOBER, 2017 IBS Quest CURRENT AFFAIRS AUGUST 2017 NATIONAL NEWS Vice President of India IRC is the apex body of highway engineers in the country. The origin of the IRC can be traced back to the Indian Road Development committee (the Jayakar Committee) appointed by the Government of India in November, 1927. National Green Tribunal The National Green Tribunal has declared an area of 100 metres from the edge of the Ganga between Haridwar and Unnao as a “No Development Zone”. An environment compen- sation of 50,000 will be imposed M Venkaiah Naidu has appointed as the 13th Vice on anyone dumping waste in the river President of India. Election process: About NGT(National Green Tribunal): The Vice-President is elected by an electoral college National Green Tribunal Act, 2010 (NGT) is an Act of consisting of members of both Houses of Parliament, in the Parliament of India which enables creation of a accordance with the system of proportional representation special tribunal to handle the expeditious disposal of the by means of the single transferable vote and the voting in cases pertaining to environmental issues. such election is by secret ballot. Chairperson: Swatantra Kumar Vice Presidents of India: 'SAARTHI' App 1. Dr. S. Radhakrishnan (1952-1962) A new integrated mobile app "SAARTHI - c" has been 2. Dr. Zakir Hussain (1962-1967) launched by Railway Minister Suresh Prabhu for passengers. 3. V.V.Giri (1967-1969) It will allow passengers to book tickets, enquiry, on-board 4. G.S. Pathak (1969-1974) cleaning and ordering meal on a single platform and also 5. B.D. Jatti (1974-1979) includes features such as safety for women, complaint facility 6. Justice. M. Hitdayatullah (1979-1984) and suggestion for improvement. 7. R.Venkataraman (1984-1987) 8. Shankar Dayal Sharma (1987-1992) Matunga railway station 9. K.R.Narayanan (1992-1997) Matunga station becomes country’s first women special 10. Krishan KanthKrishan Kanth (1997-2002) station. 11. Bharion Singh Shekhawat (August 19 2002- 2007) The station will be run by over 30 women, including 11 12. Mohammad Hamid AnsariMohammad Hamid Ansari booking clerks, 5 RPF personnel, 7 ticket checkers and a (August 11, 2007 - August 10, 2017) manager. 13. Venkaiah Naidu (August 11, 2017 - till date) Matunga is a railway station on the Central line of the Mumbai Suburban Railway network. It comes under Central IRC meet Railway Zone. 212th meeting of Indian Road Congress (IRC) was held in Udaipur. << 2 >> | IBS QUEST | OCTOBER, 2017 IBS Quest Muskan education and health for the overall economic development Operation Muskan, a month-long drive to rescue Odisha’s of the area. missing children, was launched by the State police. This is the third edition launched by the Crime Branch in Literary festival association with the Women and Child Development Kerala has hosted the fifth edition of South India Writers Department. Ensemble (SIWE) at Chengannur, Kerala. Theme-‘tolerance’. First biomethane bus About Kerala: Tata Motors has developed country’s first Bio-CNG (bio- Statehood 1 November 1956 methane) bus which was unveiled at a bio-energy program, Capital Thiruvananthapuram ‘Urja Utsav’. Districts 14 This programme was organized by the Ministry of Petroleum Governor P. Sathasivam & Natural Gas. Chief Minister Pinarayi Vijayan Official language Malayalam Pradhan Mantri Vaya Vandana Yojana The Union Minister for Finance, RIWATCH Museum Defense and Corporate Affairs Research Institution of World Ancient, Traditional, Culture has launched the Pradhan Mantri & Heritage (RIWATCH) Museum was opened at Roing, Vaya Vandana Yojana (PMVVY). Arunachal Pradesh. PMVVY is a Pension Scheme announced by the Government of India for the senior citizens About Arunachal Pradesh: aged 60 years and above which is available from 4th May, Population: 1.255 million. 2017 to 3rd May, 2018. Official bird: Great hornbill The Scheme can be purchased offline as well as online Official animal: Gayal through Life Insurance Corporation (LIC) of India. Capitals: Itanagar Scheme provides an assured return of 8% p.a. payable monthly (equivalent to 8.30% p.a. effective) for 10 years. 5th North East Connectivity Summit 5th North East Connectivity Summit 2018 will be held in Global Conference on Cyber Space 2017 Arunachal Pradesh. India will be hosting the 5th The summit organized by FICCI(Federation of Indian Global Conference on Cyber Chambers of Commerce and Industry) is one of the most Space (GCCS) in 2017 at New important forums for action oriented deliberations on sub Delhi. regional economic integration and connectivity between Theme-‘Cyber 4 All: An North East India and South East Asia. Inclusive, Sustainable, Developmental, Safe and Secure. 4th North East Connectivity Summit 2017 will be held in Nagaland. Aajeevika Grameen Express Yojana The Ministry of Rural Development will launch a new sub- About FICCI: scheme under Deendayal Antyodaya Yojana – National Founded: 1927 Rural Livelihoods Mission (DAY-NRLM) which will be President: Pankaj Patel named as “Aajeevika Grameen Express Yojana (AGEY)” Headquarters: New Delhi, India This will provide safe, affordable and community monitored rural transport services like e-rickshaws, 3 and 4 wheeler International meet on social justice motorized transport vehicles to connect remote villages with Babasaheb B.R. Ambedkar international conference on social key services and amenities including access to markets, justice was held in Bengaluru. << 3 >> | IBS QUEST | OCTOBER, 2017 IBS Quest This was organized by the Karnataka government and ETFs combine the range of a diversified portfolio with the congress party. simplicity of trading a single stock. Investors can purchase ETF shares on margin, short sell shares, or hold for the long Lucknow Metro term. The Lucknow Metro will become India's first to have its own FM radio station, which will provide entertainment and Quick Revise information on metro safety. 1. Which city has hosted Indian Road Congress 2017? 2. ……amount has been declared by NGT for dumping Kargil Vijay Diwas waste within 100 meters of Ganga. 18th Anniversary of ‘Kargil Vijay 3. ……… ministry has announced a national training Diwas’ is observed on 26th of Program to certify GST practitioners under its scheme of July, 2017. Pradhan Mantri Kaushal Vikas Yojana (PMKVY) on On this day India has launched World Youth Skill day? ‘Operation Vijay’ to clear the 4. ……..becomes India's first railway station run by women Kargil sector of infiltration by the Pakistani soldiers and 5. …………to be headed by the water resources minister Kashmiri militants on the Indian side of the Line of Control. will replace the National Mission for Clean Ganga (NMCG). ‘India Quake’ 6. Which operation was launched by the Odisha State police to rescue missing children? Union Minister of Earth Sciences and Environment has 7. ………..has developed country’s first Bio-CNG (bio- launched an app “India Quake” on the occasion of methane) bus which was unveiled at a bio-energy Foundation Day of Ministry of Earth Sciences in New Delhi. program, ‘Urja Utsav’. Mobile App has been developed by the National Centre for 8. Who has been nominated as vice-presidential candidate Seismology (NCS) for automatic dissemination of earthquake by the NDA? parameter (location, time and magnitude) after the 9. Horasis Asia Meeting will be hosted by the Indian occurrence of earthquakes. Chamber of Commerce (ICC) in association with ……….state government. First Metro to become 100% green 10. 'Hamari Shala Kaisi Ho' and 'Shala Siddhi Karyakram' Delhi Metro has become the only completely 'green' Metro are being implemented by the School Education system in the world for adhering to green building norms for department in Government schools of…….
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