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IMPORTANT ECONOMIC NEWS

1. Current Rate a. CRR 4.5% b.SLR 23% c. Repo 8% d. MSF 9% d. Bank Rate 9% e. Reverse Repo 7% 2. 12th Five Year Plan (201217) Theme Faster, sustainable and more inclusive growth 9 - 9.5% GDP growth 4% agriculture growth Literacy rate 100% Extra Power generation capacity 76000 MW 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 15. India on signed an agreement with Belgium for the modernization of the Indian Railways. 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. 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

IMPORTANT POINTS

5. 8 Indian Company in Fortune Global 500 Company. IOC on 83rd place.132 company of USA is in this list 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 Africas 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. 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 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 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. 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 42. London became no.1 Fashion City of the world (earlier it was Paris) 44. ISRO launches its 100th space program named PSLV 21 form Sri Harikota (Andhra Pradesh) 55. 2012 London Paralympics Games conclude in London 56. Indias 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) 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 Goas 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 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. Mynamars Suu Kyi gets Congress highest honour 74. Chandrika Tarafdar becomes the first Indian to win a medal in Youth World Weightlifting Championship in Slovakia 76. China test New generation inter-continental ballistic missile Dongfeng 41 Range- 14,000 km 78. Ranbir Kapoor & Priyanka Chopra starrer Hindi film Barfi has been nominated for Oscar for next year film 79. UNAIDS (United Nations Programme on HIV/AIDS) appointed Bollywood actress Aishwarya Rai Bachchan as International Goodwill Ambassador 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%
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Multi Brand 51% Tourism 100% Pharmaceuticals 100% FM Radio 20% Telecommunication 74% 22. New Aviation Secretary-K N Srivastava 23. New Union Aviation Minister- Ajit Singh 24. New Election Commissioner-S. Nasim Ahmad Zaidi SUMMITS 25. New Chief Election Commissioner2. Nuclear security summit V.S. Sampath 2nd Summit 2012(Current) 26. New secretary to the Prez of IndiaSeoul (South Korea), Omita Paul 3rd Summit 2014(Next) : 27. Head of Rajiv Gandhi Khel Ratna Neitherland Award Committee- Rajyavardhan 3. BRICS summit Singh Rathore Country: Brazil, Russia, India, 28. New CEO of Prasar Bharti Jawhar China, South-Africa. Sircar 4th Summit 2012(Current): New 29. LIC new Chairman-D.K Mehrotra Delhi 30. New Navy chief-D.K.Joshi 31. New CMD of Union Bank - D. 1. New Director on the Central 5th Summit 2013(Next) : South Sarkar Board of Directors of the RBI Africa 32. New CMD of Syndicate Bank- M.G. Y C Deveshwar 4. G 8 Summit Sanghvi 2. New Indian envoy to Israel 38th Summit 2012 :David 33. New CMD of Oriental Bank of Jaideep Sarkar camp, USA Commerce- S.L. Bansal 3. New Indian envoy to Canada 39th Summit 2013 : United 34. New Executive Director of PNB-S. R Nirmal Kumar Verma Kingdom Bansal 4. New Secretary Gen. of Rajya 5. G 20 Summit 35. New CMD of Tamilnad Mercantile Sabha Shumsher K Sheriff 7th Summit 2012 Los Kabos, 5. NEW President of Indian Boxing Bank- Nagendra Murthy Mexico (Pri-Mr K.T Jagannathan) Federation Abhishek 8th Summit 2013-St. 36. New Chairman of Indian Medical Matoria Association - Dr. Narendra Saini Petersberg, Russia 6. New Director General of 37. New IBA Chairman-Alok Misra Narcotics Control Bureau Rajiv 6. NAM Summit 38. New director of IBPS- Anup Mehta 16th Non-Aligned Movement Sankar Bhattachary 7. New President of Indian Summit- Tehran(Iran) 39. New Coach of Indian Hockey TeamNewspaper Society Tilak Kumar 17th Summit(Next)-In 2015Jack Nobbs 8. New Chairman of Audit Bureau of Venezuela 40. New President of FICCI- R.V. Circulation Shailesh Gupta 26-31 August at Attended KanoriA 9. New FMC (Forward Markets By(India): Prime Minister 41. New President of International Commission) Chairman Ramesh Theme: Lasting Peace through Abhishek Chamber of Commerce India Joint Global 42. New Country Director of World 10. New Finance MinisterGovernance. Bank for India Onno Ruhl P.Chidambaram(Privious: Home 43. New CMD of GIC A.K.Roy Min.) Country:120,New-Fiji, 11. New Home Minister-Sushil Kumar 44. New CMD of OICL-Dr. A.K. Saxena Azerbaijan 45. New Director-General of Indian Shinde(Pri: Power Min.) 7. SCO Summit Coast Guard- M.P. Muralidharan 12. New Power Minister- Veerappa 12th Summit 2012-Beijing 46. New Chief Justice of IndiaMoily Attended by:SM Altamas Kabir 13. New Science and Technology Krishna(Forgien Minister) 47. US Ambassador to India Minister-Vayalar Ravi 13th Summit 2013-Kyrgyzstan 14. New Economic affairs secretaryNancy J Powell 8. National youth Festival 48. New Ambassador to Cambodia Arvind Mayaram 17th-Mangalore (Karnataka) Dinesh K. Patnaik 15. New Chief Economic Advisor49. New CM of Karnataka -Jagadish 18th Patna(12-16) January Raghuram Rajan 16. New Clearing Corporation of India Shettar (Previous: 9. Nato Summit-Chikago Sadananda Gowda) Ltd (CCIL)Chairperson- Shyamala 10. Arab summit 2012 50. New Chief Minister of U.P.Gopinath Baghdad (Iraq) Akhilesh Yadav 17. Re-appoint Deputy Governer of RBI: 11. World Economic Forum 51. New Chief Minister of Punjab K C Chakrabarty Summit 2012 NovPrakash Singh Badal 18. New President of India- Pranab Gurgaon(Haryana) 52. New Chief Minister of GoaMukherjee 12. 20th ASEAN Meeting 2012 Manohar Parikar 19. Re-elected Vice President -Hamid Phnom penh, Cambodia 53. New Chief Minister of Ansari(loss-Jashwant Sing) 13. 10th BASIC Summit - New 20. New CBDT Chairperson- Poonam Uttrakhand- Vijay Bahuguna Delhi 54. New Chief Minister of ManipurKishore Saxena 14. Earth Summit : -Rio de Okram Ibobi Singh 21. New Union Railway MinisterJaneiro 55. Governor of Andhra Pradesh - E C.P.Joshi S L Narasimhan (reelect)

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 APPOINTMENTS

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56. Governor of Maharashtra - K. Sankaranarayanan (reelect) 57. Governor of RajasthanMargaret 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 PresidentSom 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 IndiaMariamma Koshy 69. World Bank Chief EconomistKaushik Basu NEW APPOINTMENT IN WORLD 1. New President of RussiaVladimir Putin(3rd Time) 2. New President of YemenA.Mansour Hadi 3. New President of Somalia Hassan Sheikh Mohamud 4. New Secretary General of SAARCAhmed Saleem 5. New ISI Director general-Zaheerul-Islam 6. Nepals 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 alHalki(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 SyriaLakhdar Brahimi 18. New President of Egypt/ MisraMohamed Morsi (Freedam & Jasits Party) bt Ahmad Sarif 19. New President of SerbiaTomislav Nikolic 20. New President of Maldives Mohamed Waheed 21. New Pakistan High Commissioner to India - Salman Bashir 22. New CEO of Deutsche BankRavneet 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-MVittorio 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 SyriaLakhdar Brahimi 30. President of Nicaragua - Daniel Ortega (re-elected) 31. President of Guyana - Donald Ramotar 32. New Mauritius PresidentRajkeshwur Purryag (Anerood Jugnauth) 33. New President of MexicoEnrique Pena Nieto(from Dec12, Current:Philip Cardelon) 34. New Paragawe PresidentFedrico Franco(VP)(Privious who have given resign-Fernando Armindo(given Resign) 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 TajikistanEmomali 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-Malawis 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

PERSON IN NEWS

AWARDS
3. Miss World 2012-Wen xia YU(China) 4. Miss Asia Paisific-Himangini Sing 5. Brand Ambassador of BMWSachin 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 awardVijay Kumar and Yogeshwar DutT 10. Dadasaheb Phalke Award 2011 - Soumitra Chatterjee(Bengali actor)

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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 SammanPradeep Saurabh(BookTeesri Tali) 20. ICC Award 2012 ICC ODI Cricketer of the year-Virat Kohli ICC Cricketer of the year- Kumar Sangakkara Emerging Cricketer of the YearSunil 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 London Olympics 2012(30th summer Olympics) Highest Medal: 1. US:104 M(46 G+29 S+ 29 B),

2 China:88 M(38 G+27 S+ 23 B) 55. India: 6 M(2 S +4 B) Womens Hockey- Netherlands bt Argentina Mens Hockey- Germany beat Netherlands In Mens Basketball, US beat Spain to win gold Andy Murray(Eng) defeated Roger Federer (Switzerland) to clinch tennis mens 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; RunnerItaly 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 INDIA MEDEL IN LONDON OLOMPIC Name Medel Sport Event Gagan Narang Bronze Shooting Men's 10m Air Rifle Vijay Kumar Silver Shooting Men's 25 Rapid Fire Pistol Saina Nehwal Bronze Badminton Women's singles Mary Kom Bronze Boxing Women's flyweight Yogeshwar Dutt Bronze Wrestling Men's 60 kg Freestyle Sushil Kumar Silver Wrestling Men's 66 kg Freestyle Mixed Doubles Mike Bryan and Lisa Raymond bt Leander PaesElena Vesnina
BOOKS AND WRITERS 1. Those were the Day and thenThe Life & Times of Lal Krishna Advani-Mira Govind Advani 2. Turning Points-APJ Abdul Kalam 3. Diamond Dust & Other StoriesAnita Desai 4. My Unforgettable MemoriesMamata Banerjee 5. Mind Positive-Life PositiveS.Joginder Singh

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6. Aawan Main Baarahon MaasAmbika 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 StoriesAnita Desai 13. My Unforgettable MemoriesMamata Banerjee FULL FORMS 1. NCTC - National CounterTerrorism Centre 2. GAAR - General anti avoidance rule 4. DTAA Double Taxation Avoidance Agreement 5. TIEA Tax Information exchange Agreement 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 15. BASIC Brazil, South Africa, India and China 16. PPP Public Private Partnership & Purchasing Power parity 18. NSG Nuclear Suppliers Group 19. IAEA International Atomic Energy Agency 22. FIPB Foreign Investment Promotion board 23. PSLV Polar Satellite Launch vehicle 24. ICBM Inter-continental Ballistic missile 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 37. MFI - Micro Finance Institutions 38. MFDC Micro Finance Development Council 39. TRAI - Telecom Regulatory Authority of India 41. BCCI - Board of Control for Cricket in India 42. SAARC - South-Asian Association for Regional Cooperation 43. ASEAN Association of South East Asian Nation 44. TAPI - TurkmenistanAghanistan-Pakistan-India 45. NLD National League for Democracy 46. MSF Marginal Standing Facility 50. NEFT - National Electronic Funds Transfer 51. RTGS - Real Time Gross Settlement 52. NIA - National Investigation Agency 54. RGSSBY- Rajiv Gandhi Shilpi Swasthya Bima Yojana. 55. AMFI- Association of Mutual Fund in India. 57. TDSAT- Telecom Disputes Settlement and Appellate Tribunal. 59. OIC-Organisation of Islamic Cooperation

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