Current Affairs For Bank, IBPS Exams - 01 February, 2014

Current Affairs For Bank, IBPS Exams

The government, said that the economy might have expanded by 4.5 per cent in 2012-13, compared with the earlier estimate of 5 per cent, on account of subdued performance in agriculture, mining and manufacturing.
However, gross domestic product (GDP) growth in 2011-12 has been revised upwards to 6.7 per cent from 6.2 per cent, according to the estimates of national income, consumption expenditure, saving and capital formation.
Growth in 2012-13 is the lowest in a decade, with the previous low of 4 per cent recorded in 2002-03.
Growth for 2010-11 was revised downwards to 8.9 per cent from 9.3 per cent earlier in the third and final revision.

Country’s fiscal deficit touched Rs 5,16,390 crore or 95.2 per cent of the annual target during April-December, the Controller General of Accounts said.
The government had fixed the fiscal deficit target- the gap between expenditure and revenue - at Rs 5,42,499 crore or 4.8 per cent of the GDP in Budget 2013-14.
The fiscal deficit in the same period last year was 78.8 per cent of the budget estimate.
The government had repeatedly asserted that the fiscal deficit would be restricted to 4.8 per cent of GDP, down from 4.9 per cent in 2012-13. Finance Minister P Chidambaram had on several occasions said the fiscal deficit target is a red line that would not be breached.
The revenue deficit at Rs 3,71,242 crore at the end of December was 97.7 per cent of total budgeted for the fiscal.
The government expects the year-end revenue deficit of Rs 3,79,838 crore.

India will take on Chinese Taipei in their next Davis Cup tie in Indore as Madhya Pradesh Tennis Association (MPTA) has been given the hosting rights for the first time by AITA.
The Asia/Oceania Group I tie will be held from January 31 to February 2 next year on the hard courts.
AITA has appointed Anand Amritraj as the new Davis Cup captain in place of S.P. Misra.

A listless Indian cricket team slumped to its worst ODI series defeat in New Zealand, going down 0-4, after the Black Caps hammered them by 87 runs in the inconsequential fifth and final one-dayer.
Going into the match trailing 0-3 in the five-match series, the famed India batting came a cropper once again, bundled out for 216 in 49.4 overs by New Zealand, while chasing 304 at Westpac stadium.
Virat Kohli’s 82 was the only saving grace as the visitors failed to put up a fight against the New Zealand bowlers, led superbly by debutant Matt Henry (4/38).
India had lost 2-5 to New Zealand in a seven-match ODI series in 2002-03. The last time the Indians failed to win even a single match in New Zealand was in 1975-76 and 1980-81, losing 0-2 in both the two-match series.