Rajasthan Bans FDI in Multi-brand Retail
Rajasthan on 1 February cancelled its approval for the foreign direct investment in multi-brand retailing.The approval was given earlier by the previous Congress state government led by former Chief Minister, Ashok Gehlot.With this decision of cancelling the approval over FDI made Rajasthan the second state after Delhi to withdraw approval for FDI in multi-brand retail.

Indian Economy To Grow At 4.9 Percent In 2013-14
Central Statistics Office (CSO) in its release on 7 February estimated that India’s economic growth in the current (2013-14) fiscal will be 4.9 percent as compared to the growth rate of 4.5 percent in 2012-13.The country’s Gross Domestic Product (GDP) at factor cost at constant (2004-05) prices in 2013-14 is likely to be Rs.57.5 lakh crore as compared to Rs.54.8 lakh crore in the previous year, registering year-on-year increase of 4.9 percent.

Tata Group India’s Most Valuable Brand
According to the list released on 18 February of world’s 500 most valued brand, Brand Finance Global 500 , Tata group was declared India’s most valuable brand with a value of US$ 21.1 billion, while US-based technology giant Apple has retained its top position globally with about US$ 105 billion.Apple is followed by Samsung (US$ 79 billion) at second place globally.Tata has retained its top place among Indian brands and its global ranking has also improved from 39th in 2013 to 34th now.

India’s First Post Office Savings Bank ATM Inaugurated In Chennai
Union Finance Minister P. Chidambaram on 27 February inaugurated the country’s first post office savings bank ATM at the Head Post Office in Thyagaraya Nagar in Chennai.The ATM was part of an Information Technology (IT) modernisation project of the Department of Posts.


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