The document provides summaries of current affairs articles from December 2012 related to the Indian economy. Key points include the Reserve Bank of India signing a currency swap agreement with the Bank of Japan, eight core sectors of the Indian economy growing by 6.5% in October 2012, and economic growth declining to 5.3% in the July-September quarter of 2012-2013.

1. CURRENT AFFAIRS
(December 08, 2012)
http://www.jagranjosh.com/current-affairs-economy-1284037727-1
Reserve Bank of India (RBI) signed Currency Swap Agreement with Bank of
Japan
Published on: 05-DEC-2012
The Reserve Bank of India on 4 December 2012 signed a three year Bilateral Swap
Arrangement (BSA) with the Bank of Japan for swapping of the local currencies to
address short-term liquidity problems....
Core Sectors of Indian Economy Grew By 6.5 Percent in October 2012
Published on: 01-DEC-2012
Eight core sectors of the Indian Economy grew by 6.5 percent, the eight-month
high in October 2012-2013 in comparison to 0.4 percent in same time period last
year, the official data revealed on 30 November 2012
Economic Growth Declined in July-September Quarter of 2012-2013 Fiscal
Year
Published on: 30-NOV-2012
The economy of India grew just by 5.3 percent in July-September quarter of this
fiscal year 2012-2013

2. National Cancer Institute and a National Cardio Care Centre to be developed
at Jhajjar
Published on: 25-NOV-2012
The Union Government of India on 24 November 2012 announced to set up a
National Cancer Institute (NCI) and a National Cardio Care Centre (NCCC) at the
second campus of All-India Institute of Medical Sciences (AIIMS) in Badhsa
village of Jhajjar, Haryana during the inauguration of the Outreach OPD of the
AIIMS-II campus spread over 300 acres
Union Coal Ministry decided to deallocate Four Coal Blocks allotted to 15
Firms
Published on: 24-NOV-2012
The Union Coal Ministry decided to deallocate four coal blocks allotted to 15
firms, including JSW Steel and Bhushan Steel and Strips
Cabinet Committee on Economic Affairs approved 9.5 percent Stake
Disinvestment in NTPC
Published on: 23-NOV-2012
The Cabinet Committee on Economic Affairs (CCEA) approved the disinvestment
of 9.5 percent Government Stake in the Maharatna PSU-National Thermal Power
Corporation (NTPC) on 22 November 2012 from its holding of 84.50 percent

3. India signed 70 million US Dollar loan agreement with World Bank
Published on: 23-NOV-2012
Government of India on 22 November 2012 signed a 70-million US Dollar loan
agreement with World Bank for financing the Karnataka Health Systems
Development as well as Reform Project
Reserve Bank of India asked Banks not to Provide Loans for Purchase of
Gold
Published on: 20-NOV-2012
The Reserve Bank of India, in its notification released on 19 November 2012
directed banks not to provide loans to its customers for purchase of all types of
gold, which includes primary gold, jewellery, bullion, gold coins, units of Gold
Exchange Traded Funds (ETF) and units of gold mutual funds.
Petrol Price in India slashed by 95 Paise due to fall of Prices in International
Market
Published on: 16-NOV-2012
Petrol Prices in Indian market on 15 November 2012 was slashed by 95 paise per
litre

4. Oman Banned Import of Eggs and Chicken from India
Published on: 16-NOV-2012
The Sultanate of Oman on 10 November 2012 issued an official decree banning the
import of eggs and chicken from India
Income Ceiling for LIG raised by Union Government of India
Published on: 15-NOV-2012
The Union Government of India on 15 November 2012 decided to raise cap on the
annual income which is required for qualification for the benefits under the present
housing schemes for the Low Income Groups (LIG) as well as Economically
Weaker Sections (EWS)
Union Cabinet of India cleared Proposal for Spectrum Sharing
Published on: 14-NOV-2012
The Union Cabinet of India on 8 November 2012 approved levy of about 31000
crore rupees as one-time spectrum charge to be implemented on all incumbent
telecom operators like Bharati Airtel, Vodafone, Idea and others

5. Retail Inflation in India rose to 9.75 percent in October 2012
Published on: 14-NOV-2012
The data on retail inflation was released by the Government of India on 11
November 2012. The retail inflation in India rose to 9.75 percent in the month of
October 2012 after being measured on the scale of Consumer Price Index (CPI)
Civil Aviation Ministry approved New Traffic Rights to Indian Carriers
Published on: 11-NOV-2012
The Civil Aviation Ministry in the first week of November 2012 approved new
traffic rights to Indian carriers for the next three seasons
South African Government Rolled Out Nelson Mandela Bank Notes
Published on: 07-NOV-2012
The South African Reserve Bank on 6 November 2012 rolled out new bank notes
bearing the face of the country’s first black President Nelson Mandela marking it
as a tribute to him...
Government decided to digitize Cable TV Network in Thirty Eight Cities
Published on: 07-NOV-2012
The Union Government of India on 6 November 2012 decided to digitize Cable
TV network in thirty eight cities

6. GAIL and RSPCL signed an Agreement of Joint Venture on Gas Supply
Pipeline Project
Published on: 06-NOV-2012
The GAIL Gas Limited and the Rajasthan State Petroleum Corporation Limited
(RSPCL) signed an agreement of Joint Venture on 5 November 2012 to lay down
the natural gas supply pipeline in the state
Government of India announced Minimum Support Price for Cotton
Published on: 03-NOV-2012
The Union Government on 2 October 2012 announced a revised Minimum Support
Price (MSP) for cotton and this would help in inducing stabilization in cotton price
RBI kept Repo Rate unchanged at 8 Percent with cutting of CRR by 0.25 Per
cent
Published on: 30-OCT-2012
The RBI on 30 October 2012 left interest rates unchanged but had cut the cash
reserve ratio for banks and indicated that it is going to cut monetary policy further
in the January-March 2013 quarter, with inflation remaining a near-term concern.

7. Northern Railways introduced Pink Coloured Tatkal Forms
Published on: 19-OCT-2012
The Northern Railways on 18 October 2012 introduced Pink coloured forms for
Tatkal reservation
RBI Expanded the Lending Norms on Priority Sectors
Published on: 18-OCT-2012
The Reserve Bank of India (RBI) on 18 October 2012 extended the lending’s on
the Priority sectors like housing, agriculture, small and medium enterprises, and
expanded the scope of bank loans for these sectors up to 2 crore Rupees
Civil Aviation Ministry announced omission of Airport Development Fee from
January 2013
Published on: 17-OCT-2012
The Civil Aviation Ministry on 16 October 2012 announced to abolish the airport
development fee on Delhi and Mumbai Airports, from January 2013
Exports in India witnessed 11 percent dip in the month of September 2012
Published on: 12-OCT-2012
The Commerce Ministry on 11 October 2012 released a data that showcased the
dip of 11 percent in exports and rise of 5.1 percent in imports

8. Pilot Projects for development of People Friendly Roads approved
Published on: 12-OCT-2012
C.P. Joshi, the Union Minister of Road Transport and Highways on 11 October
2012, approved two pilot projects for development of People Friendly Roads
U.S. Treasury Secretary Discussed Economy and Trade Barriers with India
Published on: 11-OCT-2012
U.S. Treasury Secretary Timothy F. Geithner and Indian Finance Minister
P.Chidambaram for the third annual meeting of the India-U.S. Economic and
Financial Partnership on 9 October 2012 discussed lowering trade barriers and
extending ways to expand capital markets
Security Deposit on New connection of LPG Cylinder increased
Published on: 10-OCT-2012
Union Ministry of Petroleum and Natural Gas on 9 October 2012 approved the
increase in the onetime security deposit on availing a new LPG Cylinder
connection
IMF Slashed India’s growth forecast for 2012 to 4.9 Percent
Published on: 10-OCT-2012
The International Monetary Fund (IMF) on 9 October 2012 had slashed India’s
growth forecast to 4.9 per cent for 2012 due to low business confidence and
sluggish structural reforms

9. To enhance surveillance 400 CCTV cameras installed at 10 railway stations in
Delhi, NCR
Published on: 10-OCT-2012
Northern Railways, Delhi Division on 9 October 2012 finished installation of
about 400 CCTVs at 10 different stations of Delhi to enhance security and
surveillance
Union Government approved 14 FDI proposals worth 113.35 crore Rupees
Published on: 09-OCT-2012
The Union Government of India approved fourteen foreign direct investment (FDI)
proposals, which would bring in the capital inflow of 113.35 Crore Rupees
Website for SMS alerts and Rail passenger enquiry launched by Railways
Published on: 06-OCT-2012
Economy Current Affairs October 2012. Indian Railways on 4 October 2012
introduced a brand new website and SMS service to provide real-time details of
running trains