India’s Spices exports increased by 36 percent to USD 2 billion

                      India’s spices exports crossed the USD 2 billion mark in the fiscal year of 2011-12. It has increased by a whopping 36 percent to USD 2.04 billion in value terms on account of boost in value realization of spices, to be precise of Chili and Pepper.

                      In the year ago fiscal, India had earned foreign exchange value of USD 1.5 billion from the exports of spices. This is according to the latest data, which was eventually released by the Spices Board of India itself.

India and Israel have signed a MoU to encourage tourism sector

                       India and Israel is all set to encourage their bilateral ties in the tourism sector, and as a result of that recently they have signed a memorandum of understanding (MoU). As an effect of that Israel will open a tourism office in Mumbai and they will also increase the number of E1 A1 flights to India, which is certainly a very good move, as it will tie up the mutual relationship of the above mentioned countries even stronger.

Indian Government wants to track locations of Cell phone users

                  

                      How do you feel if someone wants to track your location via your cell phone? We all know the answer of it. But all the Cell phone users of India must get ready to have their location and movements tracked by their respective service operators for national security purposes. Do you know what the worst part of it is? All cell phone users will also have to pay for it.

                  The Home Ministry and DoT have already told various mobile service providers to bear the entire cost of honoring a May 2011 mandate that requires them to introduce a brand new service, called Location Based Services (LBS). This service can be able to pin point a mobile’s location to as little as 50 metres only. However, this entire burden may be distributed on to the mobile consumers.

Sugarcane, Cotton production to fall in 2012-13

                 

                  It is expected that the food grain production will do well, but the sugarcane and cotton production is projected to fall in the financial year of 2012-13. It is said by the economic think tank CMIE itself.

       

                Centre for Monitoring Indian Economy (CMIE) said in its monetary report that higher output of rice and wheat, along with a recovery in production of course pulses and cereals, is expected to boost the overall production of the food grains, which is projected to grow by 0.6% to 247.6 million tonnes in 2012-13.

RBI has extended two percent Interest Subsidy Scheme for exporters

                  The bankers of all banks, the Reserve Bank has extended the two percent interest subsidy scheme by another year on rupee export credit to the labor-oriented and small scale sectors to protect them from the inevitable slowdown in various markets like the United States and Europe.

Indian Exports decline almost 15% in this July

                    

                    A series of bad news are coming day after day in the clouds of Indian Economy, and the latest conclusion is the Exports are declining 14.8% In July only to $22.4 billion, which is eventually the sharpest contraction in the last three years. It is mainly because the demand from Europe and US are falling quite hugely now. These black clouds have to be removed quickly; otherwise Indian Economy will be in a very big trouble in the near future.

                 The Imports are declining too by almost 8% during this July, which is a clear indication of the moves of the companies to import less raw material and capital goods for production purpose. The continuous economic slowdown in the domestic industry is the main reason of this. Here it has to be mentioned that the industry output fell almost 2% in June and there not so much signs of demand having picked up.

Ratan Tata is named as India’s most powerful CEO

                The Chairman of Tata Sons Ratan Tata tops the ET-Corporate Dossier ranking of India Inc’s Most Powerful CEOs list for the fourth year running, which simply implied that he is one of the wealthiest people of India.

                 He is all set to retire by the end of this year only, so Mr. Ratan Tata will leave a vacancy at the top when he will be no longer a CEO, just like the former Infosys Chairman N.R. Narayana Murthy dropped off the list of the Most Powerful CEOs, only when he retired from his post of Chief Executive Officer.

Download Latest Current Affairs Questions and Answers of August for FREE

Now you can easily DOWNLOAD the latest current affairs questions and answers of August, 2012 for free.... To DOWNLOAD just click on the "download" button below..... Enjoy....

Latest Current Afffairs Questions and answers of August 2012 -