सामयिक विषय: Economics

Govt. sold 2.5 percent stake in L&T

Govt. sold 2.5 percent stake in L&T

Question: What is the fiscal deficit target of the government?
(a) 3.2 percent of GDP
(b) 4.5 percent of GDP
(c) 2.5 percent of GDP
(d) 1.5 percent of GDP
Ans: (a)
Related Fact :

  • On June 21, 2017, India sold a 2.5 per cent stake in engineering and construction group company Larsen & Toubro Ltd (L&T).
  • This has brought in cash of more than Rs. 4,000 crore to the government.
  • The stake which was held by the Specified Undertaking of Unit Trust of India (SUUTI) was sold through block deals in stock markets.
  • SUUTI (government owned unit) owned a 6.68 per cent stake in L&T as of the end of March.
  • India is aiming to raise Rs. 72,500 crore through the sale of partial government stakes in state-run and private firms during the year to March 2018, to meet fiscal deficit target of 3.2 per cent of gross domestic product.

Reference:
http://www.thehindubusinessline.com/companies/govt-sells-619-mn-stake-in-lt/article9731981.ece?homepage=true

Banks to deposit junked notes at RBI by July 20

Banks to deposit junked notes at RBI by July 20

Question: Bank notes of Rs . 500 and Rs. 1000 were demonetized on …
(a) November 8, 2016
(b) November 11, 2016
(c) November 10, 2016
(d) November 09, 2016
Ans: (a)
Related Fact :

  • According to a recent notification by Department of Economic Affairs, the Finance Ministry has asked banks and post offices to deposit junked Rs. 500 and Rs. 1,000 notes with the Reserve Bank of India by July 20.
  • This is the second window the government has provided to banks, post offices and cooperative banks for depositing the junked notes with RBI.
  • The earlier window was open till December 31, a day after the 50-day period of demonetisation of high value currency.

Reference:
http://www.thehindubusinessline.com/money-and-banking/banks-post-offices-allowed-to-deposit-old-bank-notes-with-rbi/article9731885.ece?homepage=true
http://dea.gov.in/

The World's Highest-Paid Celebrities

The World’s 100 Highest-Paid Celebrities Of 2017

Question- On June 12, 2017, the prestigious American magazine Forbes released the list of 100 highest paid celebrities in the world. Who is India’s highest paid celebrity in this list?
(a) Akshay Kumar
(b) Prabhash
(c) Shahrukh Khan
(d) Salman Khan
Ans: (c)
Related facts:-

  • On June 12, 2017, the prestigious American magazine Forbes released the World’s 100 Highest Paid Celebrities list-2017.
  • American ramper and industrialist Sean Combs topped the list with $ 130 million in this list.
  • After this, the famous American singer Beyonce Knowles ranked second with $ 105 million in earnings.
  • The famous British author J.K. Rowling ranked third with a net earnings of $ 95 million.
  • Famous Canadian singer and musician Drake ranked fourth with US $ 94 million in earnings.
  • Famous football player Cristiano Ronaldo is at the fifth position with net earnings of $ 93 million.
  • Apart from this, among other celebrities of the world, Lionel Messi ($ 80 million) is 14th, Roger Federer ($ 64 million), 23rd, Jackie Chan ($ 49 million) is ranked 39th.
  • This year, only three celebrities from India are included in this list.
  • Famous Bollywood actor Shahrukh Khan, with a net earning of US $ 38 million, is ranked 65th in the list and remains the first in the country.
  • Apart from this, famous Bollywood actor Salman Khan is at 71st place with$ 37 million and Akshay Kumar is at 80th place with earnings of US $ 35.5 million.
  • The world’s 100 top-earning celebrities earned a cumulative $5.15 billion pretax between June 1, 2016 and June 1, 2017, essentially flat over 2016’s $5.1 billion total.
  • 66% of the 100 celebrities in the world belong to the United States, 20% in Europe, 12% in Canada, and 5% in Asia.

Related Links:-
https://www.forbes.com/sites/natalierobehmed/2017/06/12/celebrity-100-the-worlds-highest-paid-celebrities-of-2017/#c1570e34d92a
https://www.forbes.com/sites/forbespr/2017/06/12/forbes-releases-2017-celebrity-100-list-of-the-worlds-highest-paid-entertainers/#1cf36bb52933
https://www.forbes.com/celebrities/list/

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