ECONOMY AFFAIRS SEPTEMBER 2010

ECONOMY AFFAIRS SEPTEMBER 2010

• Mr. Pranab Mukherjee the Union Finance Minister presented India a pension scheme called Swavalamban which is meant for the unorganized sector, on September 26 2010, at a place called Raghunathganj which lies in the Sub Division of Jangipur of the district of Murshidabad. 
• The Reserve Bank of India (RBI), in its credit policy, hiked repo by 25 basis points (bps) and the reverse repo by 50 basis points (bps). The repo now stands at 6% while reverse repo stands at 5%. 
• According to Forbes Reliance Industries' chief Ambani, who currently has a net worth of 29 billion dollars, pips the world's richest man Mexican businessman Carlos Slim to top rich list in 2014. 
• The Andhra Pradesh Government signed the concession agreement with L&T Hyderabad Metro Rail Pvt. Ltd for the development of the Hyderabad Metro Rail project in the public-private partnership (PPP) mode. 
• Prime Minister Manmohan Singh laid the foundation stone for the much-awaited Rs 6,000 crore BHEL-NTPS power plant manufacturing project at Mannavaram, near Tirupati. Once completed by the year 2014-15, the BHEL-NTPC joint venture project will manufacture power plant equipment and would have capabilities to produce equipment required for generation of 5,000 mw power annually.