Current Affairs – November, 2013

Latest Current Affairs November, 2013 with Current Affairs, news summary on current events of National and International importance of November, 2013 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

PDF Compilation of these updates can be downloaded from This Link

Political uncertainties are among the factors impacting capital markets: RBI

The RBI in its Macroeconomic and Monetary Developments Second Quarter Review 2013-14 said that markets in India face domestic uncertainties arsing from prolonged slowdown, falling corporate earnings and rising leverage, besides risks of political uncertainties associated with the electoral cycle.

Elections are to be held in Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan and Delhi in November-December 2013. National polls are also due before the term of the current Lok Sabha ends in May 2014.

In the recent past, India’s stock markets have faced volatility on the account of fears of a tapering of the monetary stimulus by the US Federal Reserve and concerns on domestic economy.

However, as per RBI, market uncertainties remain associated with how the debt ceiling issues will play out over the next several months and whether the nascent signs of recovery in the euro area sustain.

Global financial markets also got some relief with the US Federal Reserve decision to maintain the pace of its bond purchases and its signal that withdrawal of quantitative easing may take longer. However, RBI cautioned that the financial markets could be disrupted again when the extraordinary monetary accommodation in the advanced economies is withdrawn.

India ranked 134th in ‘Ease of Doing Business’ list: World Bank

As per the latest ‘Ease of Doing Business’ rankings of 189 economies released by the World Bank, India has fallen three spot to 134th rank. In terms of ‘starting a business’ India has been positioned lower at 179th. This is when the government is making efforts to improve the business environment in the country. The list is topped by Singapore.

As per the list the top performing nations are:

  1. Singapore
  2. Hong Kong
  3. New Zealand
  4. United States
  5. Denmark
  6. Malaysia
  7. Korea
  8. Georgia
  9. Norway
  10. United Kingdom
What are the various parameters taken into account to prepare these rankings?

The ranking of countries are based on various parameters including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. 

What does a high ranking mean?

A high ranking on the ease-of-doing-business list indicates that the government has created a regulatory environment conducive to operating a business. However, these rankings do not measure all aspects of the business environment that matter to firms and investors or that affect the competitiveness of the economy.