Page-13 of Current Affairs - July, 2014

Work on setting up ‘Rural ATMs’ underway: RBI

July 15, 2014

Encouraged by the Reserve Bank .of India (RBI), banks are working on setting up ‘Rural ATMs’ for dispensing currency notes of smaller denominations. Banks have been encouraged to find a solution for introducing rural ATMs. Generally, in city or urban ..

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Nagoya Protocol gets 50th Instrument of Ratification

July 15, 2014

The Nagoya Protocol has received the required 50th instrument of ratification on July 14, 2014. India, having hosted CoP-11 to the Convention on Biodiversity (CBD) in Hyderabad in October 2012, is currently the President of CoP till CoP-12 to be held ..

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6th BRICS Summit: India’s PM Modi flies to Brazil

July 15, 2014

Prime Minister Narendra Modi has flown to Brazil to participate in the sixth annual BRICS summit. The BRICS summit – a multilateral forum comprising of the upcoming economies of Brazil, Russia, India, China and South Africa – will be the ..

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9.48% increase in Railway revenues earnings during April – June 2014

July 15, 2014

The Indian Railways has registered a 9.48 % increase in its total approximate earnings on originating basis during April 1, 2014 to June 30, 2014 at Rs. 36674.17 crore compared to Rs. 33499.53 crore during the same period last year. ..

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Rich nations should capitalize Green Climate Fund: India

July 14, 2014

Expressing concerns over the empty coffers of the Green Climate Fund (GCF), India urged rich countries to give their consent to a road-map for its capitalization by 2015 – the year the world will have a universal global climate treaty. ..

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'Vacate Office in New Delhi': India asks UNMOGIP, the UN Observer on J&K

July 13, 2014

Indian Government has asked United Nations Military Observer Group in India and Pakistan (UNMOGIP) to vacate its Government accommodations in New Delhi. Reacting to this, Pakistan said that such steps would not change the legal status of the Kashmir dispute ..

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BSE sets up advisory group on REITs

July 13, 2014

The Bombay Stock Exchange (BSE) has set up an advisory group on REITs (Real Estate Investment Trusts), which seeks to attract long-term funds to the investment-deficient realty sector from both foreign as well as domestic investors. The Budget 2014-15 also ..

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IFRS system mandatory from 2016-17 FY

July 12, 2014

From 2016-17 FY, it will be mandatory for Indian corporate sector to migrate to International Financial Reporting Standards (IFRS) from the current indigenous Indian Accounting Standards. The new system has been necessitated by the need to be consistent with global ..

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