Current Affairs Guide 2013: Business News

The year 2013 adversely affected the world economy. Business news grabbed the headlines with events such as the massive shutdown witnessed by the United States government for the first time in 17 years. The Indian market was not any better with the dilly-dally of the Indian rupee which continued throughout the year and the GDP of the country slipping to its lowest since 2008.

Shiksha.com has brought this new series for you wherein major events in the fields of Business, Sports, Entertainment and Politics are listed out on a month to month basis. This initiative has been taken so as to make it easier for you to brush through the important event that happened in each month of the year 2013 and help you prepare better for the upcoming examination season.

January

International

• US Senate approves last minute deal to avoid a fiscal cliff to automatic tax hikes and huge spending cuts.

India

• RBI proposes tougher measures to curb investments in gold.
• It is revealed that the U.S. has sold arms worth $8 billion to India in the past few years.
• RBI cuts repo and cash reserve rates.

February

International

• Dow Jones index climbs to 14,000, the first time since the great recession.
• Rajapaksa rules out giving autonomy to Tamils of North Lanka.

India

• India pushes to expand banking links with China.
• Wal-Mart continues to lobby in the US to gain entry to India.
• SEBI freezes bank accounts of Sahara Group.
• UAE proposes to invest 2 billion dollars on the construction of strategic oil reserves in India.
• Economic Survey 2012-2013 states that Indian economy has started going up.