ECONOMY TITBITS( INDIA YEAR BOOK INCLUDED)

• Gilt-edged market-Deals with govt and semi govt securities
• Working group on WPI led by Arjun Sengupta-proposed base year 2000-01
• Reflation-Price rise during the process of recovery
• Pound Sterling has the highest value in comparison to Indian Rupee
• IDA is the soft loan window of World Bank
• India's rank in FOREX reserve-5th
• National Housing Bank established in 1988 is a wholly owned subsidiary of RBI
• MID DAX-index of Frankfurt stock exchange
• SENSEX takes into account the weighted average of 30 shares and its base year is 1978-79
• India was one of the first in Asia to recognise the effectiveness of the Export Processing
  Zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla in
  1965
• MMTC Limited is India’s largest trading company with an annual business turnover
  in the region of US $ 7 billion. It is the largest exporter of Minerals and Ores from
  India
• The Central Statistical Organisation (CSO) undertook a countrywide Economic
  Census, for the first time in 1977
• The Department of Economic Affairs (DEA) is the nodal department for procuring
  and coordinating external assistance from multilateral/ bilateral agencies.
• The first bank of limited liability managed by Indians was Oudh Commercial Bank
  founded in 1881
• India's current quota in the IMF is SDR (Special Drawing Rights) 4,158.20
  million in the total quota of SDR 213 billion, giving it a share holding of 1.95 per cent.
• India is a founder member of the International Monetary Fund. Finance
  Minister is the ex-officio Governor on the Board of Governors of the IMF and Governor,
  RBI is India's Alternate Governor. India is represented at the IMF by an Executive
  Director who also represents three other countries, viz. Bangladesh, Sri Lanka and
  Bhutan.
• Electronics equipments including Software attracts highest FDI in India
• The three largest states constituting 54% of the corporate sector are Maharashtra,
  Delhi and West Bengal
• WINGS OF World Bank

IDA-Soft Loan
MIGA-Insurance
ICSID-Investment disputes
IFC-Lending to private sector

• Members of IMF can be the members of World Bank
• Omkar Goswami Committee-Industrial sickness
• M3 is known as Broad Money
• First National Human Development Report-2002
• The economy of India is the twelfth largest in the world by market exchange rates and the fourth largest in the world by GDP
• India currently accounts for 1.5% of World trade as of 2007 according to the WTO.
• India has the world's second largest road network.^[147] Container traffic is growing at 15% a year.^[148] Some 60% of India’s container traffic is handled by the Jawaharlal Nehru Port Trust in Mumbai
• Call Money Market deals with one day loan
• Dr VKRV Rao first calculated India's national income on a scientific basis in 1931-32
• First plan was based on Harold Domar Project
• Eradication of poverty was the main target of the 5th Plan
• India has the second largest share holding population after USA
• Bank of Baroda is the Indian bank with highest number of foreign branches
• First stock exchange in Bombay in 1875
• NK Singh committee-FDI
• Central Cooperative Bank operates in the district level
• PC Moholanobish was the chairman of the National Income Committee in 1949
• SIDBI is a wholly owned subsidiary of IDBI
• Directorate of Enforcement is responsible for FEMA
• NAFTA is the largest trading block in the world
• UTI II is NAV based and floated by LIC,BOB,SBI and PNB
• Treasury bills are sold through auction
• Devaluation is done on fixed exchange rates
• Crawling peg refers to the existence of both fixed and flexible rates.It is also known as Dirty Float or Managed Floating Exchange Rate
• Commercial banks are set up by the act of Parliament whereas cooperative banks by the act of state
• Regional rural banks were set up in 1975.First RRB in Maldah,West Bengal
• Bank of International Setlement- BIS( Basle,Switzerland)
• Bank rate, CRR and Open Market Operations are the quantitative measures
• RRB s are not present in Sikkim and Goa
• United Nations has maximum debt on USA
• OECD countries have highest trade with India
• Rangarajan Committe-BOP problems