Page-11 of Current Affairs - December, 2012
RBI proposes to tighten provisioning norms NBFCs just as with banks
As per latest draft guidelines proposed by the RBI, Non-banking financial companies (NBFC) would need its approval before making changes in their ownership control. As per the proposed guidelines which are based on the Usha Thorat Committee report:
Month: Current Affairs - December, 2012
RBI disallows banks to issue offline debit cards, tighten norms
The Reserve Bank of India (RBI) in its recent directives told the banks not to allow offline debit cards. As per the recent directives banks have been told to:
Month: Current Affairs - December, 2012
North Korea rocket launch violation of Security Council resolution: Ban Ki Moon
North Korea’s move which successfully placed a satellite into orbit after launching a long-range rocket again incited regional tensions and was condemned by neighbors as a provocative missile-test. It is for the second time in 2012 when the country attempted ..
Month: Current Affairs - December, 2012
Category: International / World Current Affairs
Government approves amendments to Judicial Standards and Accountability Bill
The Union government approved amendments to the Judicial Standards and Accountability Bill which had already been passed in the Lok Sabha and was pending in the Rajya Sabha. Some changes have been made to make the bill fit to Article ..
Month: Current Affairs - December, 2012
Category: Legal & Constitution Current Affairs
Web Ratna Award – 2012- Golden Icon Award goes to DAVP
Directorate of Advertising and Visual Publicity (DAVP) has been honored with the prestigious Web Ratna 2012, ‘Golden Icon Award for Innovative use of Technology’. Why was the award given to DAVP? Why Web Ratna Awards are given?
Month: Current Affairs - December, 2012
Union Cabinet approves the Land Acquisition Bill
Union Cabinet cleared the controversial Land Acquisition Bill which makes it mandatory to get the consent of 80% of people whose land is taken for private projects. In the case of Public-Private Partnership (PPP) projects, consent of 70 % of ..
Month: Current Affairs - December, 2012
Category: Legal & Constitution Current Affairs
Naina Lal Kidwai becomes first woman president of FICCI
Head of HSBC India, Naina Lal Kidawai took charge as the first woman President of Federation of Indian Chambers of Commerce and Industry (FICCI). Kidwai is also a recipient of the country’s prestigious civilian award Padma Shri for her contribution ..
Month: Current Affairs - December, 2012
Deadline for new cheque standard (CTS-2010) extended to March 31, 2013
The RBI extended the deadline given to shift to new cheques (CTS-2010 Standard cheques), with advanced security and standardized features, to March 31, 2013. Earlier, it had set a December 31 deadline. What is Cheque Truncation? What are the Benefits ..