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Page 1: content.kopykitab.comSalient Features of Indian Economy 183 Important Infrastructural Components in India 184 India Replaces Japan as World’s 3rd Largest Economy Latest Fiscal Facts
Page 2: content.kopykitab.comSalient Features of Indian Economy 183 Important Infrastructural Components in India 184 India Replaces Japan as World’s 3rd Largest Economy Latest Fiscal Facts
Page 3: content.kopykitab.comSalient Features of Indian Economy 183 Important Infrastructural Components in India 184 India Replaces Japan as World’s 3rd Largest Economy Latest Fiscal Facts
Page 4: content.kopykitab.comSalient Features of Indian Economy 183 Important Infrastructural Components in India 184 India Replaces Japan as World’s 3rd Largest Economy Latest Fiscal Facts

PD Panorama Year Book / 10

Bill/Law/Constitution/Justice/Commission

80 SC Clears 3% Reservation for Disabled in Jobs,Promotions

80 All Death-Row Review Pleas to be Heard in OpenCourt : Supreme Court

80 Apex Court Upholds Urdu as Second OfficialLanguage in UP

81 National Judicial Appointments Commission BillPassed in Parliament

81 Disciplinary Proceedings can’t Continue afterRetirement : Supreme Court

82 Sharia Court has No Legal Status : Supreme Court82 Centre Government Forms Three-Member

Committee on Mullaperiyar Dam83 Govt. Sanction not Needed to Probe Senior

Officials : Supreme Court83 Supreme Court Bans Jallikattu and Bullock-cart

Racing83 Supreme Court Strikes Down Kerala Dam Law84 Supreme Court Recognises Transgender Commu-

nity as a Third Gender84 SC Deadline for Trials against Lawmakers84 Cabinet Approves Odia as Classical Language

Defence/Space/Satellite85 Agni-II Missile Test-fired Successfully85 India Successfully Test-fires ‘Nirbhay’ Cruise

Missile85 ISRO Successfully Launches Third Navigational

Satellite86 India’s Giant Leap in Space : Mars Orbiter Mission

Successful86 Indian Navy Commissions INS Sumitra86 Nuclear Capable Ballistic Missile Agni-I Test-fired

Successfully87 Successful Trial of Akash on Day 287 Advanced Version of BrahMos Test-Fired87 INS Kamorta Handed Over to Navy

27 Editorial28 India : At a Glance39 Indian Economy : A Few Facts : At a Glance46 The Indian Polity : A Bird’s Eyeview50 Parliaments of the Various Countries of the World55 Geography : At a Glance62 Folk Dances of India

National Events 2013-14

Political Updates

72 PM Modi Expands His Council of Ministers with21 New Ministers

73 BJP Storms to Power in Haryana Manohar LalKhattar Sworn-in CM of the State

74 BJP Emerges Single-Largest Party in MaharashtraAssembly Election, 2014

74 Devendra Fadnavis Becomes New Chief Ministerof Maharashtra

74 Laxmikant Parsekar Sworn-in as Goa ChiefMinister

75 O. Panneerselvam Sworn-in as Chief Minister ofTamil Nadu after AIADMK Chief Jayalalithaa’sConviction

75 President Addresses Joint Sitting of Both Housesof Parliament

76 Eight-time MP Sumitra Mahajan is Lok SabhaSpeaker

76 Telangana Becomes 29th State of India, K.Chandrasekhar Sworn-in as the First ChiefMinister

77 Chandrababu Naidu Sworn-in as the ChiefMinister of Andhra Pradesh

77 16th Lok Sabha Elections, BJP Returns to Powerin the Centre with Majority of its Own andHighest Ever Tally

79 Narendra Modi Sworn-in as 15th Prime Ministerof India

Page 5: content.kopykitab.comSalient Features of Indian Economy 183 Important Infrastructural Components in India 184 India Replaces Japan as World’s 3rd Largest Economy Latest Fiscal Facts

87 Indian Navy Gets its Largest Destroyer87 Army Fires Akash Missile88 India Launches PSLV-C23 Successfully88 Major War Game Sarvada Vijai Ends89 India Test Fires Astra Missile89 Akash Successfully Test-Fired Again89 PSLV Puts Navigation Satellite IRNSS-1B into

Orbit

Other Vital Issues89 PM Launches Clean India Mission90 Prime Minister Launches Saansad Adarsh Gram

Yojana91 Govt. Departments Working to Repeal Outdated

Laws91 Junk 11 World War-II Ordinances : Law Panel91 No Indian University Finds Place among 200

Global Ranking92 Appointment of Lok Pal : Amended Rules for Lok

Pal Search Panel92 Centre Nod to National Tribal University in

Chhattisgarh92 Cabinet Clears Digital India, 3 Major

Infrastructure Projects93 PM’s Independence Day Address to the Nation93 PM’s Top 10 Highlights of Independence Day

Special93 No Need for Affidavits, Govt. to Accept Self-

attested Documents94 Norms for Investment Abroad Eased94 Modi Government Approves Field Trials for 21

New Varieties of GM Crops94 Eye on China, Green Rules for Borders Eased95 India Ratifies IAEA Nuclear Additional Protocol95 Record 17 Indian Universities Find Place in New

Asian Ranking95 Govt. Constitutes SIT to Go After Black Money96 India Tops Global Remittance Chart96 15 Indian Birds Included in Endangered Species97 India to Pay Russia for Arms and Ammunition it

Sells to Afghanistan97 101st Indian Science Congress97 Centre Announces 7th Pay Commission97 Mukesh Ambani,Veerappa Moily, Murli Deora

and others Named as Accused in FIR over GasPrice

98 Between 2000 and 2012 Jobs Grew by a Mere 2%Per Year

98 4th Phase of AIDS Control Programme Launched

Regional Affairs 2013-1499 Andhra Pradesh99 Assam99 Bihar

PD Panorama Year Book / 12

99 Chhattisgarh100 Delhi/NCR100 Goa100 Gujarat101 Haryana101 Jammu & Kashmir102 Kerala103 Madhya Pradesh104 Maharashtra104 North-East104 Telangana104 Tamil Nadu105 Uttarakhand105 West Bengal

International Events 2013-14

International Political Updates

106 Republicans Gain Majority in the US Senate,Tighten Grip on House of Representatives

106 President Dilma Rousseff Wins Second Term asBrazil President

106 Scots Vote to Stay in the United Kingdom107 Ashraf Ghani, The New Afghan President107 EU Council Elects Donald Tusk as its President107 Thai King Approves Interim Constitution108 Jokowi Elected Indonesia President108 Poroshenko Sworn-in as Ukraine President, Vows

Unity108 Spain’s King Juan Carlos Abdicates for New

‘Generation’ Son109 Abbas Swears in Palestinian Unity Government109 Ex-army Chief Sisi Sworn-in as President of Egypt109 Rivlin Elected Israel’s 10th President109 Colombia’s Santos Re-elected, Tells Rebels it’s

Time for Peace109 Kim Jong-un Re-elected as North Korean Leader109 African National Congress Wins Election in South

Africa110 Russian President Signs Treaty to Make Crimea

A Part of Russia110 Gorbachev Hails Vote as ‘Happy Event’110 Sushil Koirala Becomes Nepal’s 37th Prime

Minister111 China, Taiwan Hold Historic Talks

Deals/Agreements/Pacts111 US, China Sign Historic Climate Accord112 Russia Signs Another Gas Supply Deal with China112 EU, Russia and Ukraine Sign Revised Gas Supply

Deal112 India and Nepal Sign the Power Trade Agreement

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PD Panorama Year Book / 14

130 Lithuania Bans Energy Drinks for Minors131 Angola, Malaysia, New Zealand, Spain and

Venezuela Elected to UNSC131 Iran Unveils ‘Talash’ Missile131 Ukraine Signs Ceasefire Agreement with Rebels132 Japanese PM Visits Sri Lanka132 EU Imposes New Sanctions on Russia132 Chinese President Xi Jinping’s Visit to Sri Lanka133 India’s Stand at WTO on Food Security Gets

Support of UN Body133 US House Passes $ 694 Million US Border Security

Bill133 Egypt Plans to Dig New Suez Canal Costing $ 4

Billion133 Australia Launches ‘Green Army’ to Conserve

Environment134 World Bank Pledges US $ 200 Million to Contain

Ebola Outbreak134 UN Tribunal Gives Khmer Rouge Leaders Life

Term134 WHO Declares Ebola Outbreak an International

Public Health Emergency135 UN Tribunal Fixes Maritime Border of India,

Bangladesh135 US, China 6th Annual Strategic and Economic

Dialogue136 UN Approves Peacekeeping Budget after Tough

Debate136 Russia Tests Its New Space Rocket Since Soviet

Era136 Bolivia Legalises Child Labour136 Japan Lifts Ban on Military Fighting Abroad137 European Court Holds Ban on Burqa Legal137 India, China Hold First Major Talks Since Modi

Victory138 India Gets Full Member of Washington Accord138 US Unveils $ 1 billion Europe Security Plan138 Obama Suspends Iran Oil Sanctions for Six

Months138 US, Philippines Marines Holds Drills on South

China Sea139 WHO Declares Polio Public Health Emergency139 Strict Sharia Penal Code Comes into Effect in

Brunei140 Russian Cargo Ship Docks in Space140 Post-Crimea, NASA Aborts Russian Contact140 Philippines Top Court Approves Birth Control

Law140 Italy Court Recognises Gay Marriage for First

Time140 Turkey Law Struck Down141 Ukraine Unveils Reform Roadmap141 European Court Puts an End to Phone, Email Data

Collection Law

112 India Signs FTA in Services, Investments withASEAN

113 Ukrainian Parliament Ratifies Landmark Euro-pean Union Pact

113 India, Brazil Sign Pacts on Bilateral Trade Coope-ration

114 India, China Sign Three Agreements114 Ukraine Signs Landmark Trade Deal with EU114 India, Myanmar Sign Pact to Swap Information

on Insurgents114 China, Russia Ink $ 400 Billion Gas Deal as

Ukraine Crisis Looms115 India, Russia Finally Sign Pact on Units 3, 4 of

Kudankulam115 India Signs Public and Homeland Security

Agreement with Israel

Summits/Conferences/Meets116 18th SAARC Summit at Kathmandu, Nepal117 G-20 Summit Concludes in Brisbane, Australia118 25th ASEAN Summit Concludes in Myanmar119 12th India-ASEAN Summit119 APEC Summit, 2014120 12th India-ASEAN Foreign Ministers Meeting in

Myanmar120 Sixth BRICS Summit : The Declaration121 After G-7 Meet, Obama, Top European Allies

Discuss Ukraine121 Myanmar Hosts the 24th ASEAN Summit

Guests in India122 Vietnamese PM Nguyen Tan Dung Visits India122 Chinese President Xi Jinping Visits India123 Australian PM Tony Abbott Visits India124 German Foreign Minister Frank Walter Stein-

meier Visits India

Indian Leaders in Abroad124 PM Narendra Modi’s Visit to the US126 President Pranab Mukherjee’s Visit to Vietnam126 PM Modi’s Visit to Japan127 Prime Minister Narendra Modi’s Visit to Nepal127 PM Modi’s Visit to Bhutan128 The Then Prime Minister Manmohan Singh’s Visit

to Myanmar

Vital International Affairs129 British Parliament Votes to Recognise Palestinian

State129 UK Ends the Combat Role in Afghanistan130 Palestinians Win Millions in Aid Pledges for Gaza130 US Supreme Court Allows Gay Wedding in More

States130 South China Sea Issue : China Warns India, US

Not to Interfere in the Issue

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PD Panorama Year Book / 16

141 India Abstains from Voting Against Lanka on WarCrimes Charges

142 Mandela Left $ 4 m Estate to Party, Staff andFamily

142 South-East Asia Region Including India isDeclared Polio Free by WHO

142 China Releases New Rules on State Secrets

Latest General Knowledge

Appointments/Election

143 National146 International

Awards and Honours

148 National154 International

Persons in the News161 National161 International

Places in the News163 National164 International

Resignation/Dismissal/Removal165 National165 International

Death/Obituary166 National167 International168 Committee/Commission/Panel/Report/Survey

/Study175 Books and Authors175 Abbreviations/Acronyms176 Important Days/Weeks/Years

Environment/Ecology/Wildlife/Climate Change/Biodiversity

178 People’s Climate March : Largest Climate Marchin History

178 Nilgiri Tahr Faces Threat in Western Ghats178 Freshwater Crustaceans in Western Ghats Face

Extinction178 Sea Ice Rises in Antarctic, Falls in Arctic178 Ozone Layer Showing Signs of Recovery : UN179 Greenhouse Gas Levels in Atmosphere Hit New

High179 Sunderbans Mangrove Trees Losing Capacity to

Absorb CO2

180 India’s First Plant that Recycles ConstructionWaste

180 MIS-based Tracking System to Link 47 TigerReserves

180 Nagpur Gets India’s First Ethanol-Run Bus181 Tibet Plateau Getting Hotter and Polluted181 Arunachal Sets Example : 70% Afforestation

Achieved181 World’s Biggest-ever Flying Bird Identified182 Red List has 132 Species of Plants, Animals from

India

Economic Vision

Salient Features of Indian Economy183 Important Infrastructural Components in India184 India Replaces Japan as World’s 3rd Largest

Economy

Latest Fiscal Facts184 Fiscal Deficit Narrowed to 4·47% of GDP in FY

2014185 Current Account Deficit Narrows to 1·7% of GDP185 Black Money Accounts for 10% of GDP : Study

Report185 Rajan Report on State Development186 RBI Notifies Increased PPF Deposit Limit of 1·5

lakh Per Year186 Tax Administration Reform Commission, 2013 to

Review Tax Laws, Implementation186 Govt. Set-up Two Panels on CST Compensation

and GST Design187 Govt. Sets up Four Task Forces for Financial

Sector187 Govt. Clears Disinvestment in Coal India, ONGC,

NHPC

Finance Commission187 Criteria & Weights for Determining Shares

Weights187 Thirteenth Finance Commission Report188 14th Finance Commission189 Economic Survey 2013-14191 Union Budget 2014-15194 Railway Budget 2014-15

National Income Latest Facts197 CSO’s Estimates of National Income 2013-14198 ADB Pegs India’s GDP Growth Rate at 5·5% for

2014-15199 FICCI Projects 5·5% Growth in 2014-15199 World Bank Pegs India’s Growth at 5·5% in

2014-15199 Smaller States Perform Better on Economic

Front : CSO

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PD Panorama Year Book / 17

Indian Planning200 History of Planning in India201 Planning Commission of India201 National Development Council—NDC202 Vision of Twelfth Five Year Plan

Population Statistics204 Final Population Data 2011 Released206 Population Policy 2000206 Projected Indian Population Scenario After 20

Years206 Marginal Decline in Country’s Total Fertility Rate207 The World will have More Indians than Chinese

by 2028207 Over 80% of Rural Homes have Power but 60%

have No Toilets’207 India Registers Decline in Infant Mortality Rate207 Women Account for Just 22% of Workforce in

India208 Unemployment among Educated Youth is Rising208 UN Project 9·6 billion World Population by 2050

Poverty & Inequality209 New Poverty Line : 32 in Villages, 47 in Cities210 Human Development Index 1999-2000 and 2007-

08 in Indian States/UTs210 Inequality in India211 India Human Development Report 2011211 8·8 million Households Live in Urban Slums :

NSSO212 India Placed at 63rd Rank in Global Hunger Index

2013

Indian Agriculture212 Indian Agriculture : Some Important Facts213 4th Advance Estimate of Foodgrains Figures at

264·77 MT213 Kharif Production 2014-15 Estimated at 120·27 mt214 Minimum Support Price of Agriculture Products214 Uttarakhand to Introduce ‘Contract Farming’214 Green Revolution in India215 Minimum Support Price for Kharif Crops 2014215 MSPs for Rabi Crops 2014-15 Announced215 Animal Husbandry & Dairy : Highlights216 Agriculture Exports216 Interest Subvention Scheme216 Flow of Agricultural Credit216 India’s State of Forests

Indian Industry217 Industrial Policy Since Independence217 Micro, Small and Medium Enterprise Develop-

ment Act, 2006

218 National Manufacturing Policy218 New Competition Act, 2013218 ‘Maharatna’ and ‘Navratna’ Companies218 National Electronics Policy 2012219 Cabinet Approves De-Control of Sugar

Development Poverty Alleviation andEmployment Generation

Programmes in India219 Cabinet Reduces Central Schemes Number from

147 to 66219 Major Ongoing Programmes220 Swarnajayanti Gram Swarojgar Yojana (SGSY)220 National Rural Livelihood Mission—Aajeevika220 Bharat Nirman Yojana Launched220 Inclusive Development and Social Sector Pro-

grammes221 Skill Development221 Pradhan Mantri Jan-Dhan Yojana221 Sansad Aadarsh Gram Yojana221 Pandit Deendayal Upadhyay Shramev Jayate

Scheme Launched221 Mahatma Gandhi National Rural Employment

Guarantee Scheme (MGNREGS)222 ROSHNI : Skill Development Scheme for Tribal

Youth223 Various Development and Employment Pro-

grammes in India : At a Glance

Money & Banking226 Fourth Bi-monthly Monetary Policy Statement

2014-15 Kept key Rates Unchanged226 First Bharatiya Mahila Bank Inaugurated226 RBI’s Annual Report 2013-14226 RBI’s Bi-yearly Financial Report227 Report on Trend and Progress of Banking in

India : 2012-13228 IDFC, Bandhan Get ‘In-Principle’ Approval to Set-

up Banks228 License Guidelines for Payment Banks & Small

Banks Released228 Parliament Approves Banking Amendment Bill,

2012228 Salient Features of Banking Laws (Amendment)

Bill, 2012229 BASEL-III became Effective w.e.f. January 2013229 RBI Eases Financing Norms for Infra & Affordable

Housing230 RBI Issues Draft Charter of Customer Rights230 Cabinet Approval for Raising NABARD’s

Authorised Capital230 Zero per cent Interest Schemes Banned by RBI230 Growing NPAs of Commercial Banks

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PD Panorama Year Book / 19

230 SIDBI (Amendment) Bill 2012 Tabled in Parlia-ment

230 D-SIBs : RBI Issued Tighter Regulatory Norms231 RBI Issued Drafted Guidelines for Implementation

of Bharat Bill Payment System231 Report of Financial Sector Legislative Reforms

Commission231 RBI Eased Restrictions on Foreign Exchange

Earnings and Forward Contracts232 RBI-Inflation Indexed National Savings Securities

(INSS)232 Housing Price Index232 RBI Divests Stake in NABARD to Government232 RBI Provides 5,000 crore Refinance Window for

EXIM Bank232 EXIM Bank Capital Raising Bill Passed in Parlia-

ment233 5 Coins to Commemorate Aviation233 RBI for Reducing Govt. Stakes in Banks233 RBI’s 5,000 crore Support to SIDBI233 Cheque, Draft Valid for 3 Months Now233 SBI Begins Operations in Qatar233 Bill Introduced in Parliament to Amend RRB Act

1976233 Parliamentary Standing Committee Recommends

Entry of Banks and FIs in Commodity Exchanges234 India and Japan Sign Currency Swap Arrange-

ments234 ‘Pehli Udaan’ and ‘Pehla Kadam’ New SBI’s

Savings Schemes for Children234 Lok Sabha Passes Bill to Increase Paid-up Capital

of LIC234 RBI Adopts CPI as New Measure of Inflation234 New WPI to have Bigger Food Basket235 Base Year of Wholesale Price Index Changed to

2004-05235 WPI Vs CPI235 Cabinet Allows 632 crore Capital Infusion in

RRBs235 Money Stock Measures in India236 Capital Market236 Chandrashekhar Committee’s Recommendations

on Transfer of Shares236 MIBOR AND MIBID236 Two New Share Price Indices for Mumbai Share

Market236 BSE Launches ‘Shariah Index’236 Universal Commodity Exchange Becomes India’s

6th Commodity Exchange237 IRDA Issued Guidelines for Investment inTFs237 Forward Markets Commission Brought Under

Finance Ministry Control237 Securities and Exchange Board of India (SEBI)237 Approved Stock Exchanges in India

238 SEBI Allows Mobile Trading238 Actuaries Bill Passed in Lok Labha238 Sodhi Committee’s Report on Insider Trading

Regulations238 Securities Contracts (Regulation) Amendment Bill

2005239 Newly Constituted Share Market MCX-SX

becomes Operational239 FMC Stops Non-Agri Trade on Saturdays

Foreign Trade239 Volume of India’s Foreign Trade239 Foreign Trade Policy 2009-14240 India’s Initiatives for Developing Countries240 Trade Policy (2009-14) Thrust : Key Objectives240 Annual Supplementary Foreign Trade Policy

2013-14241 G-20 Summit Resolves to Promote Sustainable

Growth241 India’s Foreign Trade : 2013-14241 India’s Foreign Trade During April-September

2014241 Direction of India’s Trade242 Interest Subsidy Increased to Boost Exports242 Govt. Cancels SEZs of Adani, Essar, Hindalco, Six

Others242 SEZ Norms Liberalised242 Foreign Exchange Management Act (FEMA)242 RBI Relaxes FEMA Norms for Individuals

Foreign Direct Investment243 Foreign Direct Investment (FDI)243 Government Notifies 100% FDI in Single-brand

Retail243 Plan Panel Favours More FDI Liberalisation in

12th Plan243 Govt. Liberalises FDI Limits in 12 Sectors,

Including Telecom244 Cabinet Clears 49% FDI Cap for Insurance244 Government Eases Norms for Foreign Investors

to Accelerate Capital Inflows244 India and UAE Sign BIPPA244 FII, NRI Investment Allowed in Insurance, Allied

Activities245 FDI Norms Further Released245 Govt. of India Created ‘Japan Plus’ to Fast Track

Japanese Investments245 India Allows FDI from Pakistan245 Govt. Notifies Hike in FDI Cap to 49% in Defence

Sector

External Debt & Foreign Assistance246 India’s External Debt $ 440·6 billion at the End of

March 2014247 Govt. Relaxes ECB Norms with Raised Limit

Page 11: content.kopykitab.comSalient Features of Indian Economy 183 Important Infrastructural Components in India 184 India Replaces Japan as World’s 3rd Largest Economy Latest Fiscal Facts

Pratiyogita Darpan Panorama YearBook 2015 Volume 1

Publisher : Upkar Prakashan Author : Pratiyogita Darpan

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