Proposal for 51 percent FDI in multi-brand retail and 49 percent in Aviation passed
The Union Cabinet on 14 September 2012 cleared the proposal of foreign direct investment (FDI) for 51 percent in the multi-brand retail chains and 49 percent in Aviation power exchanges industry
Inflation rose by 0.68 percent in a month’s time
Indian inflation rose from 6.87 percent recorded in July 2012 to 7.55 percent August 2012 as per the data released by the government on 14 September 2012
EGoM cut down the loan interest rate to 7 percent in the drought affected areas
Economy Current Affairs 2012. The EGoM (Empowered Group of Ministers) on 11 September 2012 declared to slash down the interest rate from 10 to 12 percent to 7 percent in the entire 350 drought hit Talukas of the four states namely, Gujarat, Maharashtra, Rajasthan and Karnataka
Report: Indian external debts are within manageable limits
The Department of Economic Affairs (DEA) published its annual publication- India’s external debt: a status report 2011-12.
Cabinet gave a nod to two subsidiaries of Air India: AIESL and AITSL
To split off the ground handling and engineering services of Air India, Union cabinet under the chairmanship of Prime Minister Dr. Manmohan Singh approved a proposal of Rs 768 crore on 6 September 2012