According to a data recently released, India is ranked 12th in the world in terms of power generation from nuclear sources. India’s total power generation from nuclear reactors stands at 5308 MWe.
61st edition of Fortune 500 list released; 7 Indian companies in the list
61st edition of the Fortune 500 list for the year 2015 was released on 22 July 2015. In 2015, Fortune 500 companies account for 12.5 trillion US dollars in revenue, 945 billion US dollars in profit and 17 trillion US dollars in market value and employ around 26.8 million people worldwide.
Maurice Obstfeld appointed as Chief Economist of IMF
White House economic adviser Maurice Obstfeld was on 20 July 2015 appointed as Chief Economist of the International Monetary Fund (IMF) with effect from 8 September 2015. Obstfeld will succeed outgoing IMF economist Olivier Blanchard.
RBI signed Special Currency Swap Agreement with the Central Bank of Sri Lanka
The Reserve Bank of India signed a Special Currency Swap Agreement with the Central Bank of Sri Lanka. Under the arrangement, the Central Bank of Sri Lanka can draw up to 1.1 billion US dollar for a maximum period of six months.
India’s trade deficit in May 2015 narrowed to 10.4 billion US dollars
The data of India’s foreign trade (merchandise) for the month May 2015 was released on 16 June 2015 by the Union Ministry of Commerce & Industry. According to it, India’s trade deficit in May 2015 declined to 10.4 billion US dollars from 11.2 billion US dollars recorded in May 2014.
Fortune released 61st edition of list of top 500 companies
Fortune on 4 June 2015 released the 61st edition of list of top 500 companies. These Fortune 500 companies account for 12.5 trillion US dollar in revenues, 945 billion US dollar in profits, 17 trillion US dollar in market value and employ 26.8 million people worldwide.
UN released ‘World Economic Situation and Prospects – Mid-2015’
World Economic Situation and Prospects (WESP)The United Nations (UN) released Mid-2015 World Economic Situation and Prospects (WESP) update. In the release, it has highlighted that world economy continues to grow at a modest pace.
Seychelles became 161st Member of WTO
Seychelles on 26 April 2015 became the 161st member of the World Trade Organization (WTO). With this, Seychelles archipelago of 90000 inhabitants became one of its smallest members.
RBI issued revised guidelines on Priority Sector Lending
Reserve Bank of India (RBI) on 23 April 2015 issued revised guidelines on Priority Sector Lending. These revised guidelines will replace the existing guidelines issued on 1 July 2014 and became effective from the date of issue.
RBI imposes fine on 16 Central Co-operative Banks for violation of norms
The Reserve Bank of India (RBI) on 31 March 2015 imposed a monetary penalty of five lakh rupees on 16 Central Co-operative Banks (CCBs).