General Awareness | Financial Updates – 27.08.2016

  1. Forex reserve at record high of USD 367.169 billion
    The country”s foreign exchange reserves increased by a healthy USD 1.346 billion to touch a record high of USD 367.169 billion in the week to August 19 mainly due to a rise in foreign currency assets
  2. Govt extends export benefit to onions amid price crash
    To arrest steep fall in onion prices and protect farmers interest, government on Friday decided to extend export duty benefits to onion for promoting its outbound shipments
  3. Pulses area up 34 pc to 139.42 lakh hectares
    Sowing area of pulses has risen by 34 per cent to 139.42 lakh hectares so far in the ongoing kharif season on the back of good monsoon rains and higher market price of lentils.
  4. 12K sellers from India selling under Amazon’s global programme
    Online retail major Amazon India today said about 12,000 merchants from the country are selling their products in international markets under its global selling programme.
  5. Govt to import addl 90,000 tonnes pulses
    The government today decided to further import 90,000 tonnes of pulses, like masoor and tur, to boost domestic supply and control prices.
  6. FinMin seeks steps to promote card payments
    With an aim to discourage cash transactions, the Finance Ministry has set up a high-level committee to suggest steps to promote card payments through incentives like tax rebates and cash back schemes.
  7. RBI norms on corp bonds credit positive: Moody’s
    Reserve Bank”s guidelines on corporate bond issuance will enhance liquidity and are credit positive, Moody”s Investors Service said on Friday.
  8. ‘WB sanctions Rs 980 cr for Brahmaputra dredging’
    The World Bank has sanctioned Rs 980 crore to dredge the Brahmaputra as an initiative to develop waterways to Bangladesh and to other South East Asian countries in a bid to boost trade and industry in the Northeast.
  9. Govt gives more time to 7 SEZs projects
    The government has given more time to seven SEZ developers and units including Kerala State IT Infrastructure and Telangana State Industrial Infrastructure Corporation to execute their projects.


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