Page-5 of Current Affairs - August, 2013

RBI eases portfolio investment scheme for NRIs

August 23, 2013

The Reserve Bank of India eased the rules governing portfolio investments such as equity and debt by Non-Resident Indians (NRIs) to pull in foreign currency. Under the Portfolio Investment Scheme (PIS) for NRIs, banks were given a unique code for ..

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RBI takes measures to ease liquidity

August 23, 2013

RBI took a few measures to ease liquidity including Rs 8,000 crore bond buyback, to ensure adequate credit flow to the productive sectors of the economy to counter the surge in interest rates following its steps to support falling rupee. ..

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Indian Air Force land heavy lift aircraft in Daulat Beg Oldie

August 23, 2013

The Indian Air Force landed its C-130J Super Hercules transport plane at the world’s highest and recently opened airstrip at Daulat Beg Oldie (DBO) in Ladakh that is close to the Line of Actual Control (LAC) where Indian and Chinese ..

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EC to use VVPAT system in Nagaland by polls

August 23, 2013

The Election Commission of India has decided to use Electronic Voting Machines (EVM) for the first time with Voter Verifiable Paper Audit Trail (VVPAT) in the September, 2013 by-poll to the Noksen Assembly constituency in Nagaland. The Government of India ..

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India’s sovereign outlook remains negative on S&P ratings

August 23, 2013

Global sovereign rating agency Standard & Poor’s said it will maintain negative outlook for the India as currency depreciation is adversely impacting investors’ confidence. They will maintain a negative outlook on India’s BBB sovereign credit ratings. S&P’s statement came when the ..

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World Bank and India ink credit pact for Low income Housing Finance Project

August 23, 2013

The Government of India and the World Bank signed a $ 100 million credit agreement for providing assistance to Low Income Housing Finance Project aimed at helping low income households to secure loans to purchase, build or upgrade their dwellings. ..

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India draws China’s attention towards trade imbalance issue

August 23, 2013

India raised the issue of heavy trade imbalance with China and sought immediate steps to facilitate Indian exports of pharmaceutical and agricultural products, buffalo meat and Information Technology (IT) services. Both the nations agreed that the working group on trade ..

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Delhi, AP, Haryana and Uttarakhand launch Food Security Scheme

August 23, 2013

The State Governments of Delhi, Arunachal Pradesh, Haryana and Uttarakhand have launched the Centre sponsored Food Security Scheme. The food security scheme aims at ensuring the poor to get essential food commodities such as wheat and rice at affordable prices including ..

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