Page-4 of Current Affairs - June, 2014

RBI permits NBFCs to work as Business Correspondents of banks

June 24, 2014

With a view to achieve financial inclusion, the Reserve Bank of India has allowed Non-Banking Finance Companies to operate as Business Correspondents (BCs) of banks, permitting them to offer limited services. Banks will be allowed to work with non-deposit taking NBFCs as BCs. Until ..

Month: 

World Bank recommends reforms in power distribution

June 24, 2014

The World Bank has suggested that power distribution utilities in India must be freed from Government interference and their management must be professionalized. In a report released by the bank, it suggested the government to give top priority to reforms ..

Month: 

India extends ban on import of milk items from China till June 2015

June 24, 2014

The Indian government extended the ban on imports of milk and its products from China till June 2015. With this the ban on import of milk and milk products (including chocolates and chocolate products and candies/ confectionery/ food preparations with ..

Month: 

Category: 

Amma pharmacies to be launched across Tamil Nadu

June 24, 2014

The AIADMK government in Tamil Nadu has decided to open 100 Amma Marunthagam (pharmacies) across the state. The move is likely to win more goodwill for chief minister J Jayalalithaa. The state already have some other welfare schemes like Amma ..

Month: 

Category: 

Air India Ltd becomes member of Star Alliance

June 24, 2014

Air India Ltd has joined the Star Alliance group of carriers. The move could help enhance revenues at the loss-making state-run air carrier. Thus, Air India has become Star Alliance’s 27th member. How Air India will benefit from the membership ..

Month: 

125th anniversary of Salar Jung museum

June 24, 2014

Salar Jung Museum in Hyderabad, Telangana celebrated its 125th anniversary in June 2014. The art museum located at Darushifa, on the bank of the Musi River in the city of Hyderabad was established in 1951 and is one of the ..

Month: 

Category: 

PSUs have only 3 years to make 25% of their shares public: SEBI

June 24, 2014

With a view to boost primary markets, stock markets watchdog Securities and Exchange Board of India (SEBI) announced a number of reforms pertaining to IPO and Offer-for-Sale. SEBI proposed that all listed PSUs (Public Sector Undertakings) must have at least ..

Month: 

Google to globalize “Project Loon” to provide internet to even the rural and remote areas of the world

June 24, 2014

In year 2013, Google launched Project Loon, a program that intends to provide Internet access to the rural and remote areas that constitute around 66% of the world’s population. The project uses balloons floating at high altitudes that move up ..

Month: 

Category: