General Awareness For Competitive Exams

IMPORTANT POINTS TO REMEMBER

1. Indian boxer Mary Kom to be conferred Lt Colonel rank.

2. Rajiv Gandhi Jeevandayee Arogya Yojana (health insurance scheme) was launched in Maharashtra

3. Mangalam village became the first village in India where all households were provided banking

facilities, it is situated in Pondicherry

4. M S Dhoni becomes brand ambassador of cricket in Nepal

5. 8 Indian Company in Fortune Global 500 Company. IOC on 83rd place.132 company of USA is in this

list

6. Rawatbhata Atomic Power Station is in Rajasthan.

7. Google’ Buying ‘Meebo’ To Help Social Networking Push

8. Aung San Suu Kyi (Myanmar) Accepts Nobel Peace Prize 21 years late.

9. China won both Thomas cup and Uber Cup of Badminton. Venue of Both were in China.

10. India’s First River-lake link project launched In Bundelkhand

11. Kofi Annan resign as the UN special Envoy to Syria

12. India has allowed foreign direct investment(FDI) from Pakistan.

13. Market regulator Securities and Exchange Board of India (SEBI) granted permission to MCX Stock

Exchange (MCXSX) to operate as a full-fledged stock exchange

14. 11th Pravasi Bharatiya Divas 2013 will be held in Cochin (Kerala). Last meeting was held in Jaipur.

15. Iran has tested Fateh 110 missiles (Range - 300 km).

16. Home Ministry declined permission to three Iranian banks (Eghtesad-e-Novin, Parsian Bank and Bank

Kasargad) to open branches in India.

17. 9th World Hindi Conference will be held in South African city Johannesburg from 22 to 24 of

September this year. The main theme of the conference is “Bhasha Ki Asmita Aur Hindi Ka Vaishvik

Sandarbh”.

18. South Africa’s Nkosazana Dlamini-Zuma became the first woman head of African Union (A.U.)

Commission.

19. State Bird of Delhi-Sparrow

20. States which ban Gutka-MP, Kerela, Maharashtra, Bihar

Rajsthan,Gujrat

21. Russia and India will conduct sixth joint INDRA-2012 antiterrorism military exercises in the Siberian

republic of Buryatia. The last INDRA was held in India in October 2010.

22. Coal India Ltd will be investing Rs 7,500 crore to develop railway infrastructure in Chhattisgarh,

Jharkhand and Odisha.

23. Abhijeet Gupta has won the Sixth Kavala International Chess Tournament in Greece.

24. Sunita Williams became the second woman in history to take command of ISS

25. Mariamma Koshy appointed as the full-time

26. IRCTC introduced Interbank Mobile Payment System

27. Indian Rank in Global Competitiveness Index-59th

28. Bank of India Open in 1st Branch in South Africa

29. India and Singapore will provide list of Black money holders to each other.

30. SBI, Bank of India & PNB will open their Branch in Pakistan

31. RBI punished two foreign banks for Money Laundering – HSBC & Chartered Accountant Banks

32. India won the Nehru Cup Football Cup 2012 Tournament by defeating Cameroon

33. India will not provide more than 3 months mobile connection to the foreign tourists.

34. India & China agreed to set up a joint working group to look their trade and investment

35. RBI issued a guide lines that all the cheques should be cleared in two days

36. Winner Asian Chess Championship 2012 – Parivarjan Negi

37. World Trade Award 2012 – will be held in Gurgaon (India)

38. LIC completed 56 year of its glorious and purposeful existence on 1st Sept. 2012

39. Maruti Suzuki plans to start its new plant in Mehsana in Gujarat

40. Axis Bank launched Happy Ending Home Scheme related to Home Loans

41. According to IBA (Indian Banking Association) guidelines duration of education loans would be

increased 7 – 10 yrs. In special case it would extend to 15 yrs.

42. London became no.1 Fashion City of the world (earlier it was Paris)

43. Bank of India will open’s its first Branch in South Africa

44. ISRO launches its 100th space program named – PSLV 21 form Sri Harikota (Andhra Pradesh)

45. Exchange Traded Fund (ETF): Mutual fund related to Gold

46. India slips 169th in world rankings of Football

47. New Rank of India In World Global Competitiveness Index 2012-13 – 59th (earlier 56)

48. UP govt. launch unemployment allowance scheme

49. ICICI Bank to extend its net banking services through social media platform ‘Facebook’

50. Sachin Pilot commissioned as Lieutenant in Territorial Army

51. ‘Bloomberg Markets’ magazine has included West Bengal Chief Minister Mamta Banerjee in the list

of 50 most influential people in the finance category.

52. ‘Pieta’ the South Koran Film won Golden Lion Venice Top prize

53. Lewis Hamilton became the winner of Italian Grand Prix 2012

54. HSBC agrees to sell banking business in Pakistan

55. 2012 London Paralympics Games conclude in London

56. India’s Virender Singh wins a bronze at the World Deaf Championship at Sofia in Bulgaria

57. US Ambassador and 3 diplomats killed in Benghazi rocket attack (US Ambassador to Libya –

Christopher Evans)

58. India’s ranks 2nd in retail reality investment Momentum Index

59. Fortis Escorts won FICCI Healthcare Excellence Award 2012

60. India, Myanmar & Thailand decided to implement Trilateral Connectivity Project by 2016

61. Smiling Armadillo to be the official Mascot of 2014 FIFA World Cup Brazil

62. UP Government launched the Samajwadi Swasthya Seva in the state

63. Bhakti Kulkarni becomes Goa’s first woman Grandmaster

64. Japan unveils plan to phase out nuclear power by 2030

65. 58th Commonwealth Parliamentarian conference concluded in Colombo (The next conference will

be held in South Africa 2013)

66. Haryana Govt. decides to implement e-pension scheme system

67. Pakistan test fired cruise missile Babur with a range of 700km

68. FICCI Gen. Secretary Rajiv Kumar resigned

69. India offered Telecom Support to Turkmenistan

70. HDFC Bank announced to launch of Credit Card for Teachers

71. Golfer Gaganjeet Bhullar grabbed third Asian tour title

72. India test fired its nuclear capable strategic missile AGNI – IV (range – 4000 km) from a test range of

Odisha Coast

73. Mynamar’s Suu Kyi gets Congress highest honour

74. Chandrika Tarafdar becomes the first Indian to win a medal in Youth World Weightlifting

Championship in Slovakia

75. 9th World Hindi Conference began at Johannesburg (Theme of the conference – “Bhasha Ki Asmita

aur Hindi Ka Vaishvik Sandarbh”)

76. China test New generation inter-continental ballistic missile – Dongfeng – 41 Range- 14,000 km

77. Afghanistan & China to expand bilateral relations

78. Ranbir Kapoor & Priyanka Chopra starrer Hindi film – Barfi

has been nominated for Oscar for next year film category

79. UNAIDS (United Nations Programme on HIV/AIDS) appointed Bollywood actress Aishwarya Rai

Bachchan as International Goodwill Ambassador

80. Mary Kom became the Brand Ambassador of Super Fight League (SPL) Super Fight League promoted

by IPL team Rajasthan Royal’s co-owner – Raj Kundra & Bollywood actor Sanjay Dutt

81. GDP Growth Rate Reduced

1. 12th Five Year Plan reduce growth rate – 9 - 8.2%

2. Standard & Poor reduce growth rate of India for 2012-13 - 6.5 – 5.5%

3. Fitch reduce Growth rate of India for 2012-13 (6.5 – 6%)

4. IMF fix Growth rate of India for 2012 – 6.1% & 2013 – 6.5%

5. ADB reduce growth rate of India – 6.5 – 6.1%

82. FDI Limits

List of Limits in Various

Sectors

Defense 26%

Pension 26%

Insurance 26%

Print Media 26%

Civil Aviation 49%

Public Sec. Banks 49%

Private Sec. Banks 74%

Multi Brand 51%

Tourism 100%

Pharmaceuticals 100%

FM Radio 20%

Telecommunication 74%

IMPORTANT ORGANIZATION AND SUMMIT

1. New Member

• United Nation – Total– 193 (Last– South Sudan)

• WTO – Total– 156 (Last - Russia)

• World bank and IMF – Total– 188 (Last – South Sudan)

• European Union – Total– 27 (Next member will be Croatia in July 2013)

2. Nuclear security summit

 2nd Summit 2012(Current) – Seoul (South Korea),

 3rd Summit 2014(Next) : Neitherland

3. BRICS summit

 Country: Brazil, Russia, India, China, South-Africa.

 4th Summit 2012(Current): New Delhi

 5th Summit 2013(Next) : South Africa

4. G 8 Summit

 38th Summit 2012 :David camp, USA

 39th Summit 2013 : United Kingdom

5. G 20 Summit

 7th Summit 2012 – Los Kabos, Mexico

 8th Summit 2013-St. Petersberg, Russia

6. NAM Summit

 16th Non-Aligned Movement Summit- Tehran(Iran)

 17th Summit(Next)-In 2015- Venezuela

 26-31 August at Attended By(India): Prime Minister

 Theme: Lasting Peace through Joint Global Governance.

 Country:120,New-Fiji, Azerbaijan

7. SCO Summit

 12th Summit 2012-Beijing Attended by:SM Krishna(Forgien Minister)

 13th Summit 2013-Kyrgyzstan

8. National youth Festival –

 17th-Mangalore (Karnataka)

 18th –Patna(12-16) January

9. Nato Summit-Chikago

10. Arab summit 2012 - Baghdad (Iraq)

11. World Economic Forum Summit 2012 Nov- Gurgaon(Haryana)

12. 20th ASEAN Meeting 2012 – Phnom penh, Cambodia

13. 10th BASIC Summit - New Delhi

14. Earth Summit : -Rio de Janeiro

15. United Nation conference on Sustanable Devlopment- Rio de Janeiro

16. World Economic Forum – Davos (Switzerland)

17. World Polio Summit 2012 - New Delhi

18. FM Trilateral Talks(China& India & Russia)-Moscow

19. 11th Energy Efficiency Summit organized by (CII – Confederation of Indian Industries) – Hyderabad

NEW APPOINMENT IN INDIA

1. New Director on the Central Board of Directors of the RBI - Y C Deveshwar

2. New Indian envoy to Israel – Jaideep Sarkar

3. New Indian envoy to Canada – Nirmal Kumar Verma

4. New Secretary Gen. of Rajya Sabha – Shumsher K Sheriff

5. NEW President of Indian Boxing Federation – Abhishek Matoria

6. New Director General of Narcotics Control Bureau – Rajiv Mehta

7. New President of Indian Newspaper Society – Tilak Kumar

8. New Chairman of Audit Bureau of Circulation – Shailesh Gupta

9. New FMC (Forward Markets Commission) Chairman – Ramesh Abhishek

10. New Finance Minister- P Chidambaram(Privious: Home Min.)

11. New Home Minister-Sushil Kumar Shinde(Pri: Power Min.)

12. New Power Minister- Veerappa Moily

13. New Science and Technology Minister-Vayalar Ravi

14. New Economic affairs secretary-Arvind Mayaram

15. New Chief Economic Advisor-Raghuram Rajan

16. New Clearing Corporation of India Ltd (CCIL)Chairperson- Shyamala Gopinath

17. Re-appoint Deputy Governer of RBI: K C Chakrabarty

18. New President of India- Pranab Mukherjee

19. Re-elected Vice President-Hamid Ansari(loss-Jashwant Sing)

20. New CBDT Chairperson- Poonam Kishore Saxena

21. New Union Railway Minister- C.P.Joshi

22. New Aviation Secretary-K N Srivastava

23. New Union Aviation Minister- Ajit Singh

24. New Election Commissioner-S. Nasim Ahmad Zaidi

25. New Chief Election Commissioner-V.S. Sampath

26. New secretary to the Prez of India-Omita Paul

27. Head of Rajiv Gandhi Khel Ratna Award Committee- Rajyavardhan Singh Rathore

28. New CEO of Prasar Bharti – Jawhar Sircar

29. LIC new Chairman-D.K Mehrotra

30. New Navy chief-D.K.Joshi

31. New CMD of Union Bank - D. Sarkar

32. New CMD of Syndicate Bank- M.G. Sanghvi

33. New CMD of Oriental Bank of Commerce- S.L. Bansal

34. New Executive Director of PNB-S. R Bansal

35. New CMD of Tamilnad Mercantile Bank- Nagendra Murthy (Pri-Mr K.T Jagannathan)

36. New Chairman of Indian Medical Association - Dr. Narendra Saini

37. New IBA Chairman-Alok Misra

38. New director of IBPS- Anup Sankar Bhattacharya

39. New Coach of Indian Hockey Team-Jack Nobbs

40. New President of FICCI- R.V. Kanoria

41. New President of International Chamber of Commerce India

42. New Country Director of World Bank for India – Onno Ruhl Harsh Pati Singhania

43. New CMD of GIC – A.K.Roy

44. New CMD of OICL-Dr. A.K. Saxena

45. New Director-General of Indian Coast Guard- M.P. Muralidharan

46. New Chief Justice of India-Altamas Kabir

47. US Ambassador to India - Nancy J Powell

48. New Ambassador to Cambodia – Dinesh K. Patnaik

49. New CM of Karnataka -Jagadish Shettar (Previous: Sadananda Gowda)

50. New Chief Minister of U.P.- Akhilesh Yadav

51. New Chief Minister of Punjab – Prakash Singh Badal

52. New Chief Minister of Goa- Manohar Parikar

53. New Chief Minister of Uttrakhand- Vijay Bahuguna

54. New Chief Minister of Manipur- Okram Ibobi Singh

55. Governor of Andhra Pradesh - E S L Narasimhan (reelect)

56. Governor of Maharashtra - K. Sankaranarayanan (reelect)

57. Governor of Rajasthan-Margaret Alva

58. New Supreme Court Judge- F. M. Ibrahim Kalifulla

59. Next Army chief of India-Lt. General Bikram Singh.

60. New Communication Advisor to the Prime Minister- Pankaj Pachauri

61. President of ASSOCHAM- Mr Rajkumar Dhoot

62. Reelected NASSCOM President-Som Mittal

63. Chairman of NASSCOM-N Chandrasekaran

64. Indian High commissioner to U.K. – Jaimini Bhagwati

65. TRAI Chairman-Rahul Khullar

66. New Deputy Chairman of the Rajya Sabha-PJ Kurien

67. New CII President-Adi Godrej

68. New President of Hockey India- Mariamma Koshy

69. World Bank Chief Economist-Kaushik Basu

NEW APPOINTMENT IN WORLD

1. New President of Russia- Vladimir Putin(3rd Time)

2. New President of Yemen-A.Mansour Hadi

3. New President of Somalia - Hassan Sheikh Mohamud

4. New Secretary General of SAARC-Ahmed Saleem

5. New ISI Director general-Zaheer-ul-Islam

6. Nepal’s Army Chief- Gaurav Shumsher Rana

7. New president of World Bank - Jim Yong Kim (Koreanborn)

8. New President of Germany - Joachim Gauck

9. New President of Malawi - Joyce Banda

10. New President of Libya: Mohammed Magarief

11. New PM of Greece - Antonis Samaras

12. New PM of Pak- Raja Pervez Ashraf.

13. New PM of Syria- Wael al-Halki(Replace: Riyad Hijab)

14. New PM of France-Jean Marc Ayrault

15. New IFC Head – (Indian International Finance Corp.) – Jim Yong Cai

16. New PM of Egypt- Hisham Kandil

17. UN-Arab League envoy for Syria-Lakhdar Brahimi

18. New President of Egypt/ Misra- Mohamed Morsi (Freedam & Jasits Party) bt Ahmad Sarif

19. New President of Serbia- Tomislav Nikolic

20. New President of Maldives - Mohamed Waheed

21. New Pakistan High Commissioner to India - Salman Bashir

22. New CEO of Deutsche Bank-Ravneet Gill

23. New CEO of ICC-David Richardson(Pri-Haroom Largat)(SA)

24. New President of ICC-Alan Issac(N.Z.)(Pr-S.Powar)

25. New Italian Finance Minister-M-Vittorio Grilli

26. New World Bank Chief Economist-Kaushik Basu

27. Prez of the European Council - Herman Van Rompuy (reelected)

28. ICC President-Allan Isaac(NZ)(Privious-Sharad Pawar)

29. New UN mediator in Syria-Lakhdar Brahimi

30. President of Nicaragua - Daniel Ortega (re-elected)

31. President of Guyana - Donald Ramotar

32. New Mauritius President-Rajkeshwur Purryag (Anerood Jugnauth)

33. New President of Mexico-Enrique Pena Nieto(from Dec-

12, Current:Philip Cardelon)

34. New Paragawe President-Fedrico Franco(VP)(Privious who have given resign-Fernando

Armindo(given Resign)

PERSON IN NEWS

1. South Korea Prez: Lee Myung Bak

2. President of Pakistan- Asif Ali Zardari

3. Bhutanese PM- Jigme Y Thinley

4. Syria President-Bashra-al-Assad

5. U.S Defence Secretary -Leon Pnetta

6. Prime Minister of Singapore- Mr. Lee Hsien Loong

7. Mauritius Prime Minister -Navinchandra Ramgoolam

8. South Africa President-Jacob Zuma

9. CMD of Coal India Limted- Mr S. Narsing Rao.

10. Uzbekistan President-Islam Karimov

11. Romania President who gave Resign-Train Basescu

12. Fiji President-Ratu Epeli Nailatikau

13. Afghan Defence Minister Who Resign-Abdul Rahim Wardak

14. US Defence Secretary-Leon Panetta

15. China Finance Minister -Liu Weimin

16. President of Tajikistan-Emomali Rahmon

OBITUARY

1. Ravi Shankar- Music Composer

2. Joy Mukherjee- Film Actor

3. Vilas Rao Deshmukh-Union Science and Technology Minister

4. Mehdi hassan-Ghazal legend

5. Dara Singh-Film Actor

6. Rajesh Khanna- Film Actor

7. Bingu wa Mutharika-Malawi’s President

8. Ahmed Ben Bella- first President of Algeria

9. R.H. Patil- First MG of NSE

10. Mrinal Gore-Social Activist

11. P.M.Rungta-Director of BCCI

12. A.K. Hangal-Film Actor

13. Neil Armstrong-first man to set foot on the moon(From US)

14. Meles Zenawi-Ethopia Prime Minister

15. Verghese Kurien- Founder of white revolution(Amul Milk)

16. Ranganath Misra -Former Chief Justice of India

17. K.S. Sudarshan – Former RSS Chief

18. Brajesh Mishra – First National Security Advisor of India

19. A.M. Govindarasu – Veteran communist leader & Freedom Fighter

20. Dinesh Thakur – Indian theatre director and actor

AWARD

1. Chameli Devi Jain Award- Tushita Mittal

2. Abel Prize: Eedre Szemereredi(Hungry Mathematician)

3. Miss World 2012-Wen xia YU(China)

4. Miss Asia Paisific-Himangini Sing

5. Brand Ambassador of BMW-Sachin Tendulkar

6. Egtek Egale Award(Best Award of Mexico):-R.K.Pachauri

7. RGN Sadbhavana Award-D.R. Mehta

8. Seoul Peace Award-Bank Ki Moon

9. Rajiv Gandhi Khel Ratna award- Vijay Kumar and

Yogeshwar Dutt

10. Dadasaheb Phalke Award 2011 - Soumitra Chatterjee (Bengali actor)

11. Saraswati Samman (2011) - Dr AA Manavalan (Tamil) for his work 'Irama Kathaiyum Iramayakalum'

(Ramakatha and Ramayanas).

12. Moorti Devi Award (2011) - Dr Gulab Kothari for his book “Mein Hi Radha, Mein Hi Krishna”

13. Bihari Puraskar (2011) - Rajasthani poet Dr Arjundeo Charan for his work “Ghar To Ek Naam Hai

Bharose Ro”

14. Vyas Samman (2011) - Hindi writer Ramdarash mishra for his work “aam ke patte”

15. Life time achievement award at 8th Dubai International film festival – A.R. Rahman

16. International Gandhi Award-Dr. Caire Veult & Dr. J.D. Samant

17. World Food Prize- Dr. Daniel Hillel(Israeli Scientist)

18. India who won Magasaysay Award-Kulandeai Francis

19. Indusharma Katha Samman-Pradeep Saurabh(Book- ‘Teesri Tali’)

20. ICC Award 2012

 ICC ODI Cricketer of the year-Virat Kohli

 ICC Cricketer of the year- Kumar Sangakkara

 Emerging Cricketer of the Year-Sunil Narine

21. 59th National Film Award

 Best Film: Deool(Marathi) & Byari(Kannad)

 Best Actor : Girish Kulkarni

 Best Actress : Vidya Balan

22. Best Banker Prize Award – Jammu & Kashmir Bank

23. Castrol Lifetime Achievement Award – Ajit Wadekar

24. Shiksha Ratna Award - AN Purohit

25. SHANTI SWAROOP BHATNAGAR AWARD 2012:

1. Suman Kumar Dhar – Biology

2. Amit Sharma & Rajan – Biotechnology

3. Balsubramaniam – Chemistry

4. Mohan MJ & Plus Sarkar – Maths

5. K Narayana – Medical

6. Siraj Minawala – Physics

26. Ramon Magsaysay Award winners 2012: Kulendei Francis (India) – Community Leadership

SPORTS

• Women’s Hockey- Netherlands bt Argentina

• Men’s Hockey- Germany beat Netherlands

• In Men’s Basketball, US beat Spain to win gold

• Andy Murray(Eng) defeated Roger Federer

(Switzerland) to clinch tennis men’s singles gold

• Mascots for London Olympics were Wenlock and Mandeville.

• Wenlock was mascot for Olympics and Mandeville was mascot for Paralympics.

• Next: Rio de Janeiro, Brazil in 2016

52nd National Open Athletics Championships 2012:

• Venue - Chennai

• Winner - Railways Runner up – Services

U-19 World Cup 2012

• Venue-Australia

• Winner-India ;Runner-Australia

• Man of The Match-Unmukt Chand(Indian Captain)

Azlan Shah cup

• Venue: Malaysia

• Winner-NZ; Runner-Argentina; 3rd Place-India

Thailand Open Grand Prix Single

• Venue-Bangkok; Winner-Saina Nehwal

• Runner-Ratchanok Inathon(thiland)

Indonesia Open Single

• Venue: Jakarta; Winner-Saina Nehwal

• Runner :Li Xuerui(China)

Euro Cup-2012

• Venue- Poland And Ukrain; Winner-Spain; Runner- Italy Cincinnati Masters

• Men Single: Roger Federer bt Novak Djokovic

• Women Single: Li Na bt Angelique Kerber (Germany)

US Open 2012

• Men Single: Andy Murray(Britain) bt Novak Djokovic(Serbia)

• Women Single-Serena Williams bt Victoria Azarenka

• Women Double: Sara Errani and Roberta Vinci(Italy)

French Open

• Men Single: Rafael Nadal(Spain) bt Novak Djokovic(Serbia)

• Men Double-Max Mirnyi(Belarus) and Danial Nestor(Canada)bt Bob and Mike Bryan(USA)

• Women Double: Sara Errani and Roberta Vinci(Italy) bt Maria Kirileko and Nadia Petrova(Russia)

Wimbledon 2012

• Men Singles - Roger Federer bt Andy Murray

• Women Singles - Serena Williams bt Agnieszka Radwanska

• Men Doubles - Jonathan Marray and Frederik Nielsen bt Robert Lindstedt and Horia Tecau

• Women Doubles - Serena Williams and Venus Williams bt Andrea Hlavackova and Lucie Hradecka

BOOKS AND WRITERS

1. “Those were the Day and then-The Life & Times of Lal Krishna Advani”-Mira Govind Advani

2. Turning Points-APJ Abdul Kalam

3. Diamond Dust & Other Stories- Anita Desai

4. My Unforgettable Memories-Mamata Banerjee

5. Mind Positive-Life Positive-S.Joginder Singh

6. Aawan Main Baarahon Maas-Ambika Dutta

7. "Muslim in Indian cities”- Hamid Ansari

8. Ye Jo Hai Pakistan'- Shivendra Kumar Singh

9. What Young India Wants – Chetan Bhagat

10. Joseph Anton - Sulman Rushdie (Autobiography)

11. Turning Points-APJ Abdul Kalam

12. Diamond Dust & Other Stories- Anita Desai

13. My Unforgettable Memories-Mamata Banerjee

ABBREVIATION IN NEWS

1. NCTC - National Counter-Terrorism Centre

2. GAAR - General anti avoidance rule

3. TCS -Tax Collection at Source

4. DTAA – Double Taxation Avoidance Agreement

5. TIEA – Tax Information exchange Agreement

6. EFSF – European Financial Stability Facility

7. NPS – New Pension Scheme

8. MMRCA – Medium Multi Role Combat Aircraft

9. DRDO - Defence Research and Development Organisation

10. GSLV - Geo-Synchronous Launch Vehicle

11. ISRO - Indian Space Research Organisation

12. EEFC - Exchange Earner's Foreign Currency

13. NDMA – National Disaster Management Authority

14. BRICS – Brazil, Russia, India, China and South Africa

15. BASIC – Brazil, South Africa, India and China

16. PPP – Public Private Partnership & Purchasing Power parity

17. MTCR – Missile Technology Control Regim

18. NSG – Nuclear Suppliers Group

19. IAEA – International Atomic Energy Agency

20. CEPA – Comprehensive Economic Partnership Agreement

21. CECA - Comprehensive Economic Cooperation Agreement

22. FIPB – Foreign Investment Promotion board

23. PSLV – Polar Satellite Launch vehicle

24. ICBM – Inter-continental Ballistic missile

25. CCEA – Cabinet Committee on Economic Affairs

26. IDF – Infrastructure Debt Fund

27. CRIS – Comparative Rating Index for Sovereign

28. GRAIL – Gravity Recovery and Interior Laboratory

29. NCHER – National Commission for Higher Education and Research

30. NCHRH - National Commission for Human Resources for Health

31. FII – Foreign Institutional Investor

32. DII – Domestic Institutional Investor

33. GST – Goods and Services Tax

34. DTC – Direct Tax Code

35. MPLADS – MP Local Area Development Scheme

36. FCNRA – Foreign Currency Non Resident account

37. MFI - Micro Finance Institutions

38. MFDC – Micro Finance Development Council

39. TRAI - Telecom Regulatory Authority of India

40. CIC - Central Information Commission

41. BCCI - Board of Control for Cricket in India

42. SAARC - South-Asian Association for Regional Co-operation

43. ASEAN – Association of South East Asian Nation

44. TAPI - Turkmenistan-Aghanistan-Pakistan-India

45. NLD –National League for Democracy

46. MSF – Marginal Standing Facility

47. MIRV - Multiple Independently Targetable Re-entry Vehicle

48. ECBs - External Commercial Borrowings

49. NHRC - National Hu man Rights Commission

50. NEFT - National Electronic Funds Transfer

51. RTGS - Real Time Gross Settlement

52. NIA - National Investigation Agency

53. S&P - Standard and Poor’s

54. RGSSBY- Rajiv Gandhi Shilpi Swasthya Bima Yojana.

55. AMFI- Association of Mutual Fund in India.

56. SRO- Self Regulatory Organisation.

57. TDSAT- Telecom Disputes Settlement and Appellate Tribunal.

58. BTIA -Broad-based Bilateral Trade and Investment Agreement

59. OIC-Organisation of Islamic Cooperation

IMPORTANT ECONOMIC NEWS

1. Current Rate

a. CRR – 4.5%

b.SLR – 23%

c. Repo – 8%

d. MSF– 9%

E. Bank Rate – 9%

F. Reverse Repo– 7%

2. 12th Five Year Plan (2012-17)

• Theme – Faster, sustainable and more inclusive growth

• 9 - 9.5% GDP growth

• 4% agriculture growth

• Literacy rate – 100%

• Extra Power generation capacity – 76000 MW

3. 11th Five year plan recorded 8.2% GDP Growth. Agriculture growth 3.3%

4. Basel norms will be implemented in India from 1 January 2013 to 2018 (in world 2013 to 2019)

5. Govt. of India Approved FDI in Insurance and Pension Sector as 49%.

6. ICICI Bank to extend its net banking services through social media platform ‘Face book’

7. Indian banks would need Rs 3,90,000-5,00,000 crore capital over the next six years in the wake of

Basel III capital regulations announced by the Reserve Bank of India (RBI).

8. Largest home loan provider - State Bank of India (one lakh crore Rs. to 20 lakh families)

9. Top three according to per capita income: - Goa, Delhi, Haryana.

10. Seoul-headquartered Woori Bank has set up its first Indian branch in Chennai.

11. Cheque and Draft is valid for 3 month from 1 April 2012.

12. After SBI and NABARD ownership of National Housing Bank (Now RBI hold 100% share) will be

transferred from RBI to Government

13. Reserve Bank has launched a website explaining ways to detect counterfeit notes. With a tagline

'Pehchano Paise Ki Boli, Kyunki Paisa Bolta Hai',

14. India will help Sri Lanka to establish special economic zone in auto and pharma.

15. India on signed an agreement with Belgium for the modernization of the Indian Railways.

16. Reserve Bank of India(RBI) has allowed Regional Rural Banks (RRBs) to open branches in Tier-II cities

(Population -50,000 to 99,999 as per 2001 census) without taking its permission.

17. India signed Tax Information Exchange Agreement (TIEA) with Monaco in August 2012.

18. Odisha became the First Indian state to commence epayment facility for government employees.

19. E-stamping to be launchd in Delhi 28June of all denominations

20. The Reserve Bank has asked banks to convert the existing ‘no-frills’ accounts into ‘Basic savings bank’

deposit accounts.

21. SAIL will sponsor all medal winners of the London Olympics for the next Olympics to be held in 2016

at Rio De Janeiro (Brazil).

22. Apple has won USD 1 billion in a massive victory over South Korean giant Samsung in a patent case.

23. World Bank Sanctions loan for Rural Livelihoods Project in Bihar

24. The Asian Development Bank (ADB) has offered $150 million loan for the expansion of railway tracks

and improving overall service in the country.

25. Asian Development Bank (ADB) announced to provide

$74.8 million loan to improve road connectivity in the North East states.

26. World Bank approved an 1100 crore rupees loan for Himachal Pradesh to promote green initiatives

and sustainable development.

27. The NSE is now the world's largest bourse in terms of the number of trades in equity segment for the

first six months of 2012

28. India and Pakistan have agreed to allow two banks each from both the countries to set up branches

across the border. The two Indian banks are State Bank of India (SBI) and Bank of India (BoI). And two

Pakistani bank are National Bank of Pakistan and United Bank Ltd.