Page-6 of Current Affairs - April, 2014

Admiral R.K. Dhowan appointed new Navy chief

April 17, 2014

Almost two months after Admiral D.K. Joshi resigned in February owning moral responsibility for a series of accidents, Robin K. Dhowan (59) took over as the new Chief of the Indian Navy. Admiral Dhowan who has been the acting Navy ..

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SBI launches Tab banking facilities for Savings a/c, Housing Loan and e-KYC

April 17, 2014

For the convenience of its customers, SBI has launched 3 digital banking facilities. These are: 1) TAB Banking for Savings a/c– Opening Savings a/c at Customer’s door step using tablet PC provided to the Bank’s Sales Staff (who visit the Customer’s home). These ..

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World Bank projects 5.7% growth for India in 2014-15

April 15, 2014

The World Bank has projected an economic growth rate of 5.7% in 2014-15 for India. World Bank projected an acceleration of growth (factor costs) in FY 2014 to 4.8%, further increase to 5.7% in FY 2015 Rationale: This growth rate was projected ..

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Negative zone IIP may pull the Indian economy downwards

April 15, 2014

Indian industry appears to be thwarted with the most recent reports as IIP in negative zone may pull down the Indian economy. Reports of the manufacturing sector performing poorly appear to have outraged the industry. In February 2014, the low consumption ..

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After a span of 6 years, India becomes a net steel exporter in 2013-14,

April 15, 2014

After a span of 6 years, in 2013-14, India became net steel exporter. India is probable to preserve the momentum in 2014-15 as producers are expecting to dock more overseas shipment to bridge reduced domestic consumption. During 2013-14, total Indian steel exports ..

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India leads global remittances with $70 billion in 2013

April 14, 2014

Remittances have turned into a key component of the Balance of Payments (BoP) of nations. As per the World Bank Report “Migration and Development Brief”, in the year 2013, India lead global remittances as it received $70 billion during 2013. Out of this ..

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G-20 pushes USA to ratify IMF reforms by the year end

April 14, 2014

G-20 has conveyed its dashing hopes at the stretched out delay over International Monetary Fund’s (IMF) quota and governance reforms agreed to in 2010 and the 15th General Review of Quotas (GRQ) including a new quota formula that would impart emerging ..

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'World Market Power' Index: India 2nd most powerful nation

April 14, 2014

Multinational Spanish banking outfit Banco Bilbao Vizcaya Argentaria, as part of its research project on Emerging and Growth-Leading Economies issued the ‘World Market Power’ Index. As per this Index, India is the second most powerful nation, when it comes to competing on the ..

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