151. According to the list of total 122 countries released by the Geneva-based World Economic Forum (WEF) India has been placed at a low 78th slot on a global Human Capital Index, which ranks countries on the basis of economic potential of their labour force, while Switzerland has topped the ranking.
152. Planning Commission is likely to cut the annual average economic growth rate target of 8 per cent for the 12th Plan (2012-17) to around 6 to 6.5 per cent in its mid-term review of the five year policy document.
153. India will build its first strategic oil storage by January at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka to store about 5.33 million tonnes of crude oil. This is enough to meet nation's oil requirement for 13-14 days.
154. GAAR will come into effect from April 1, 2016, a government notification said. The provision of General Anti Avoidance Rules will apply to entities availing tax benefit of at least Rs 3 crore.
155. Small destinations in the country will have air connectivity with a network of more than 100 airports planned to meet the expected passenger load capacity of 30 crore by 2020, Prime Minister Manmohan Singh said. The first such airport will come up in Kishangarh town in Rajasthan's Ajmer district.
156. India's unemployment rate rose to 4.7% in 2012-13 from 3.8% in 2011-12 due to a sharp slowdown in the industry and infrastructure sectors.
157. The per capita annual income in Delhi has increased to Rs 2.01 lakh in 2012-13 compared to Rs 1.73 lakh in the previous fiscal, which is three times the national average and highest in the country. The national average has been worked out at around Rs 61,564.
158. The Indian economy is likely to grow at 5.2 per cent in 2013 calendar year, says a report by UN agency UNCTAD.
159. International Monetary Fund's projection of GDP growth is 5.6 per cent for this year.
160. One third of the food produced worldwide is wasted, costing the global economy around $750 billion a year, a new report by Food and Agriculture Organisation said.
161. Crisil cut India GDP growth forecast to 4.8 per cent for the current fiscal.
162. Parliament passed the Pension Bill 2013 that aims to create Pension Fund Regulatory and Development Authority a statutory authority and allows at least 26 per cent FDI.
163. The Reserve Bank is likely to complete initial scrutiny of 26 applications for new bank licences in a month. Thereafter, shortlisted names will go to the High Level Advisory Committee chaired by former RBI Governor Bimal Jalan.
164. Banks will have to bear the cost of fraudulent card transaction through point of sales (PoS) at merchant establishments that do not have security features prescribed by the Reserve Bank of India (RBI).
165. Reserve Bank of India governor Raghuram Rajan has been awarded the Fifth Deutsche Bank Prize for Financial Economics 2013, in recognition of his ground-breaking research work which influenced financial and macro-economic policies around the world.
166. Bharatiya Mahila Bank proposes to complete the first six branches at Mumbai, Delhi, Kolkata, Chennai, Indore and Guwahati by October 15. The proposed bank, to be headquartered at Delhi, is likely to be operational by November this year.
167. People belonging to weaker sections in the country can also open zero balance accounts in foreign banks. The Reserve Bank said its 'Basic Savings Bank Deposit Account (BSBDA) guidelines are applicable to "all scheduled commercial banks in India. However, holders of 'Basic Savings Bank Deposit Account' will not be eligible for opening any other savings account in that bank.
152. Planning Commission is likely to cut the annual average economic growth rate target of 8 per cent for the 12th Plan (2012-17) to around 6 to 6.5 per cent in its mid-term review of the five year policy document.
153. India will build its first strategic oil storage by January at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka to store about 5.33 million tonnes of crude oil. This is enough to meet nation's oil requirement for 13-14 days.
154. GAAR will come into effect from April 1, 2016, a government notification said. The provision of General Anti Avoidance Rules will apply to entities availing tax benefit of at least Rs 3 crore.
155. Small destinations in the country will have air connectivity with a network of more than 100 airports planned to meet the expected passenger load capacity of 30 crore by 2020, Prime Minister Manmohan Singh said. The first such airport will come up in Kishangarh town in Rajasthan's Ajmer district.
156. India's unemployment rate rose to 4.7% in 2012-13 from 3.8% in 2011-12 due to a sharp slowdown in the industry and infrastructure sectors.
157. The per capita annual income in Delhi has increased to Rs 2.01 lakh in 2012-13 compared to Rs 1.73 lakh in the previous fiscal, which is three times the national average and highest in the country. The national average has been worked out at around Rs 61,564.
158. The Indian economy is likely to grow at 5.2 per cent in 2013 calendar year, says a report by UN agency UNCTAD.
159. International Monetary Fund's projection of GDP growth is 5.6 per cent for this year.
160. One third of the food produced worldwide is wasted, costing the global economy around $750 billion a year, a new report by Food and Agriculture Organisation said.
161. Crisil cut India GDP growth forecast to 4.8 per cent for the current fiscal.
162. Parliament passed the Pension Bill 2013 that aims to create Pension Fund Regulatory and Development Authority a statutory authority and allows at least 26 per cent FDI.
163. The Reserve Bank is likely to complete initial scrutiny of 26 applications for new bank licences in a month. Thereafter, shortlisted names will go to the High Level Advisory Committee chaired by former RBI Governor Bimal Jalan.
164. Banks will have to bear the cost of fraudulent card transaction through point of sales (PoS) at merchant establishments that do not have security features prescribed by the Reserve Bank of India (RBI).
165. Reserve Bank of India governor Raghuram Rajan has been awarded the Fifth Deutsche Bank Prize for Financial Economics 2013, in recognition of his ground-breaking research work which influenced financial and macro-economic policies around the world.
166. Bharatiya Mahila Bank proposes to complete the first six branches at Mumbai, Delhi, Kolkata, Chennai, Indore and Guwahati by October 15. The proposed bank, to be headquartered at Delhi, is likely to be operational by November this year.
167. People belonging to weaker sections in the country can also open zero balance accounts in foreign banks. The Reserve Bank said its 'Basic Savings Bank Deposit Account (BSBDA) guidelines are applicable to "all scheduled commercial banks in India. However, holders of 'Basic Savings Bank Deposit Account' will not be eligible for opening any other savings account in that bank.
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