Economic Traits across the World

India ad Srilanka – placed vanaspati under canalized list – NAFAD – National Agricultural Cooperative MAARKETING Federation of India Ltd/
Earllier Vanaspati is in FTA

India is the top newpaper power has largest copies of dailies sold. FORDS Survey
National Steel Policy – target – 110 million tones – 2019-2020

CRISIL and ICRA – credit rating org of India
Report –placed AP as the best performing state in power followed by Gujarat and Delhi
Japan – lifted a 2 decade ban of mangoes from india

National investment fund – launched by LIC , SBI and UTi 75 % social sector schemes and the remaninig for the revivval of sick PSUs

Govt to sell equities of 10% in NALCO and Neyveli lignite ltd.

Pradhanamantri swastiya surakhsha yojana – its aim is to fill the gap in tertiary health care infrastructure and provide for quality mediacal infra in under served states.

India – UK – investment increased a 110% becomes the third largest investor in UK next only to USA and japan.

Handloom mark – launched by Pm, as a quality mark for handloom products
New norms in telecom – fdi 49 to 74 %

Nathula pass- 4310mt high links sikkim and Tibet autonomous region opened for sino-indian trade after 44 years.

Karokoram highway – innovated by china and pak for trade.

Russian natural gas company – gazprom signed an nafgreement with Gujarat state petroleum corporation for joint exploration and development of on shore and off shore hydrocarbons in Gujarat

MOU for bilateral corporation between Gujarat and Astrocorn region of Russia was signed.

Governor proposed establishment of MIR – manufacturing investment region in the lines of SEZ but it could have large area of around 100 sq km and qould avail extra infra but no fiscal incentives

First visual radio service in india – is being launched jointly by hutch and hp nokia and radio
Mirchi
World survey of happiness - Denmark – lasrt – burendi

SBI – the first Indian bank to open a branch in main land china
One india one rate scheme - a speed post scheme by the postal department – 25 rs for 50 gms anywhere in india

Poppy cultivation – afghanisthan is the largest producer 90 % of opium and heroine

Dedicated freight corridor for eastern region – it is the largest single railway program initiated after independence linking Ludhiana with north eastern states and western - Jawahar lal Nehru port with delhi

Goa – it became the first state to allow offshore casino on the mandovi river

AUTHENTITX – a new marker system under which kerosene meant for PDS would be died with a a specual marker which cannot be removed or tampered with . it also helps in detecting adulteration of pertroleum kerosene and diesel

Belgaum – india’s first SEZ for sugar and ethanol and also first agro based SEZ in ind.
The concept of SEZ introduced in the year 2000.
The concept of EPZ introduced in the year 1995
First EPZ – kandla(first in asia) - doubt with Shenzen in China!
First EPZ of the world – shanon(Ireland)

Garib rath express introduced in 06-07 budget
Cabinet committee on economic affairs recommended national bamboo mission to be implemented by ministry of agriculture for N-E states.

RBI – it directed “departmental of industrial promotion of FDI and FII”
FDI in retail sector – 51%
FDI in whole sector – 100%
Year 2006 – “year of challenges and new initiatives”
National inst. Of horticulture – Nagaland

Year 2007 –year of water by GoI
Slogan is “water year, year of more crop and income for drop of water” it is based on the recommendation of the advisory council on artificial recharge of ground water chaired by Saiffudin soz

NIXI – national internet exchange of ind.
Nodal hubs – noida , Mumbai, Chennai, kolkata
Regional hubs –bangalore, Hyderabad, ahmedabad and mohali

UNIFIED CONSUMER INDEX- IT IS AN HARMONISED INDEX OF COMSUMER PRICES TO BRING TOGETHER THE EXISTING FOUR CPI SERIES i.e
CPI – IW -1982(base yr)
CPI – urban non manual employ. (1981-82)
CPI – agri and
CPI - rural laborers (86-87)


The digital gaming industry meet called games convention of asia – Singapore – sep 2007

Top industrial houses:
Tata
Reliance of mukesh ambani
Bharti telecom
ADAG
Wipro
Icici

India – Qatar agreement on LNG
Qatar supplies 7.5 MT of lng annually.it wants to participate in the kayamkulam project(kerala) and ONGC’s petro chemical hub at mangalore for dhabol power plant.
Power purchase agreements
1.SASAN pro. In MP(4000 mw)
Distribution-1500mw(MP) ,600mw(puj) ,500mw(up) ,delhi n Haryana(450mw each)
Rajasthan(400mw), Uttaranchal(100mw)
2.munda pro. Of Gujarat (4000MW)
-gujarat(1900mw) ,mah(800mw), Punjab(500mw), raj(400mw), Haryana(400mw)

2nd international rise congress –new delhi
Five point agenda n eight point delhi decleration
-estb of asain rise network for HRD
-transboundary issues related to pests
-assessment of seeds quality
-estb of laboratories
-technology transfer

Golden triangular region – Myanmar, Laos nd thailand (Opium cuntivating counties and forming the highway of narcotic trade)
The region registered a steep fall in opium cultivation in 2006
Mirpur of Bangladesh – the HQ of Grameen bank founded in 1976 by Yunus Mohammed.
He also founded Grameen fone and palli fone org.
A9 highway – connecting Jaffna peninsula and the rest of SL
It was closed by the SL govt and LTTEs demanded to open.
Tata acquired companies: Corus, Energy Brands, Techlitee of Britan, 78 o clock coffee of US and Daewoo commercial company of South Korea
1. 109.7 Mton Arcelor-Mittal (Global) [2]
2. 32.0 Mton Nippon Steel (Japan) [3]
3. 30.5 Mton POSCO (South Korea) [4]
4. 29.9 Mton JFE (Japan) [5]
5. 28.2 Mton Tata Steel-HYPERLINK "http://en.wikipedia.org/wiki/Corus" \o "Corus"Corus (India)
6. 23.8 Mton Shanghai Baosteel Group Corporation (China)
7. 19.3 Mton United States Steel Corporation (United States)
Ten major steel producers of the world -
1. China 418.8 Mton （2006）
2. Japan 112.5 Mton
3. United States 94.9 Mton
4. Russia 66.1 Mton
5. South Korea 47.8 Mton
6. Germany 44.5 Mton
7. Ukraine 38.6 Mton
8. India 38.1 Mton
9. Brazil 31.6 Mton
10. Italy 29.3 Mton

EU free Trade Association – Swiss, Norway, Iceland, Liechestein

2 regional national textile corporation – Coimbatore –TN, Kerala, AP, Pudicherry and Karnataka. And Mumbai – Rest of India

NITIKAN Expedition – began at st Petersburg top trace the 500 yr old over land trade route of 10000 km to Mumbai
Rural electrification Corporation – first private firm to construct a transmission line in Gujarat and Maharashtra

Social security agreement between india and Belgium – first of its kind working on a short term contract of upto 60 months in each other countries are exempt from social security contri in the host countries if they make the social secutrity payments in their own countries

Nokia the finland based company with doordarshan for digital video broadcast

New Mangalore port received the first shipment shakalin 1 OVL has 20% stake in this,
Mangalore refineries and petro chemicals ltd is the fully owned subsidiary of ONGC

IOC purchased 12.5 % stake in the oil pipeline constructed between mediterraian and the black sea coast of turkey

Infosys is the first Indian company to be listed in the MASDAQ 100 list
Total banking state – kerala by june 10 2007
Total banking district – palakkad
India semiconductor association – vision summit 07 – in Hyderabad
Allahabad bank to work in a branch in hongkong
It is a first overseas bank for this bank
Chairperson is AC Mahajan
The central bank of Nepal is called Nepal rashtra bank
Newspaper of Zimbabwe – MAIL
SA – Gaurdian
England – The Gaurdian
Standard Chartered – Indias largest foreign bank

Ethanol produced from plant distillation it can be made from corn and other starch or sugar based crops such as soya beans sugarcane and barley wheat and potato in india 90 % ethanol is from sugar cane waste

4G mobile comm. system – China – shanghai
100 MBPS is the speed

ROSNEFT – Russian govt oil major proposed that ONGC can get wider access to Russian oil and gas [products in exchange of stakes in india

First tele radiology network of india commissioned in Hyderabad
Indo china trade – rised 18.7 billion dollars 2005 to 24.9 bilion dollars in 2006
India is chinas 10th largest trade partner and china is India second largest trade partner

RAPSOL – German oil company
Top oil producers of Africa – Nigeria , Algeria, Libya and angola

National maternity benefit scheme –centrally sponsored provides financial assitenace at the rate of 500 Rs at the birth of first two live children to a woman who is 19 yrs or above in the BPL families

Libyan new s agency – Jana
Transnational pipeline of Africa – Libya – sudan – eritria – Dijbouti and Gulf of Eden
Lane of refinery – agreement between IOC and Libyas national oil corporation 50 50
Azzaviya – other imp refinery where india is interested
They will execute a 100 mw at navi nagar – bihar

GAS OPEC – a natural gas equivalent of OPEC first articulated by iran at SCO summit 2006
Energy NATO – propsed by Poland to stop Russia strengthening in energy sector

NTPC signed agreements with SL and Nigerian for power generations
2 * 250 MW in trainamcole Sl 50 50 partnership

SBI – operating in Iran and US

ZArang – afghan – chababhar – iran a new transist route India is supportin this project

World banks report on the GDP of india – 05 – 785 billion dollars – and 25% of it is contri by South india
Ranks of Countries based on GDP growth –
China – 10.4
India 9.2
Argentina 8.7
Russia 6.5
Malaysia 5.8
Indonesia 5.2
Taiwan 5.02
Phillippines 4.8
Mexico 4.6

GI – Kondapalli toys – the first man made toys

Govt is to divest from REC, PGCIL, NHPC
Center stake in REC – reduced to 81.22 and PGCIL and NHPC to be reduced to 86.26

China, NANZING – satyam computers is establishing a comp there
Agri biotec day – 9th june
National bio tec board – esta in 1982 and the plan for the development of BT
1986 given the full fledged govt department for BT and a proposal to create a national BT regulatory authority

MAXIS – Malaysia tele comp
ORNACS –egypt tele comp

Economics of india space program authored by – U Shankar
Italian trade commission – Kolkata 07 –
Commission of Indus water board – syed jamat Alisha
2007 – Malaysia 50 yrs of diplomatic relations with india
Trade – 5.7 billion dollars 06
29.5 percent increase

Pan African e-network project to be established by a joint venture of nigeria n telecommunications consultance ind. Ltd
3GSM world conference – barsilona
NSE – CMD – ravi narayana

HINDALCO – Hindustan aluminium corp. india’s largest non ferrous company of aditya group signed a agreement with novetis of Canadian company

Duty free import authorization scheme initiated in 2006.
It allows exporters to import raw material without paying any duty on the basis of their export performance.

Development od Buddhist roads (with japan’s cooperation)
Patna- bodh gaya –dobhi
Bodh gaya- rajgir
Hajipur – deoria(up)

Global economic freedom survey -07 Prepared by wall street journal -157 countries
Top 5
Hong kong
Singapore
Australia
USA
New Zealand
157th is the north korea
India-104, pak – 89

Trincomale – batticaloa (a-15 highway) It was closed for 15 yrs
150th country to join WTO – Vietnam
Latest country in EU – Slovenia (the first former communist state to join euro n the 13th euro country)
ILO report on unemployment – Global unemployment rate is – 06 -6.3% It registered a drop of 0.1%

name a major country which is not a member of wto - A: Russia

In which country was the world's biggest solar power project approved at..?A: Portugal

which countries inflation rate is the highest in the worldA: Zimbabwe

What is ITER? A: International Thermo Nuclear Experimental Reactor to test the Fusion ReactionsSeven Participants joined in 2006 with US $ 12 Billion and is the third most expensive project after the Manhattan project and the International Space Station project.Based in Cadarache, France and expected to start in 2016USA, EU, Russia, China, Korea, India and Japan.

which country is constructing one million kw nuclear power plan and where is the plant comming?A: China is constructing it.

What is ECGC and what is its function?A: Exports Credit Gaurantee Corporation of India Ltd, established in 1957 to strengthen the export promotion drive by covering the risk of exporting on creditunder the control of the Ministry of Commerce & Industry, Department of Commerce, Government of India

When was NTPC formed?A: 1975

Which is the largest oil company in Russia?A: Lukoil is the private largest oil company, and rosneft is the state owned largest oil company

What is SLR in economic terms?A: Statuory Liquidity Ratio - it is the amount that a bank has to maintain in the form of gold, cash or securities with the RBI and the RBI decides the value of the SLR

What is money laundering?A: it is the main operation of the underground money transactions for tax evasion and other purposes.

What is third party insurance?A: insurance provided by a third party like the auto insurance etc.

What is Indo Russian trade volume?A: around 3 Billion Dollors

What is Sinopec?A: The China Petroleum and Chemical Corporation

Who has the major stake in VSNL?A: Tatas

What is MIDHANI?A: Mishra Dhatu Nigam limited, DOD agency, Hyderabad

What is the institute started in Chennai testing on newsprint and inks?A: Ifra India and the Research Institute of Newspaper Development Institute, ChennaiWho are the largest producers of gas?A: Saudi Arabia, Canada and Iran

Which country is supporting the Koodankulam reactors?A: Russia

What is FBTR?A: Fast Breed Test Reactor under IGCAR and BARC

Which company produces the Flexcube banking software?A: I-FlexWhat is OVL’s stake in Sakhalin 1?A: 20%

What is POSCO famous for?A: Pohang Iron and Steel Company, third largest steel company in the world, South Korea