Page-8 of Current Affairs - September, 2013

RBI hikes repo rate by 25 basis points to 7.5%

September 22, 2013

In a surprising move, the Reserve Bank of India Governor Raghuram Rajan, in his maiden mid-quarter monetary policy review, hiked the short-term lending (repo) rate to 7.5%, seeking to control inflation. The Cash Reserve Ratio (CRR) was left untouched at ..

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China launches its first direct bank

September 22, 2013

China launched its first direct bank, a new mode of providing online banking services without any entity outlets.  The direct bank has been launched by the Bank of Beijing in co-operation with the Netherlands-based ING Group. What is a Direct ..

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September 21 observed as International Day of Peace

September 21, 2013

International Day of Peace was observed on September 21 across the world to acknowledge the efforts of those who have strived to end conflict and promote peace. The International Day of Peace is also observed as a day of ceasefire. ..

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U.N. finds extensive use of chemical weapons in Syria

September 21, 2013

As per the report released by the U.N., the experts have found large-scale use of banned chemical weapons in Syria. The U.N. inspectors have found clear evidence that “Sarin Gas” killed hundreds of people in an attack on Ghouta near Damascus ..

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Indian Navy to get Vikramaditya in mid-November 2013

September 21, 2013

The Indian Navy will soon get its second aircraft carrier, 45,000-tonne Vikramaditya as the warship has successfully completed all aviation trials in the White Sea. Formerly Admiral Gorshkov which has been renamed INS Vikramaditya, the ship has been undergoing refitting ..

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Microsoft Corp to buy back up to $40 billion of shares

September 21, 2013

Technology giant Microsoft Corp increased its quarterly dividend by 22% to 28 cents per share and launched a new share buyback program of up to $40 billion. Microsoft has been going through a slew of changes, with Chief Executive Steve Ballmer announcing ..

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RBI tightens norms for companies lending against gold

September 21, 2013

As per the notification by the RBI, the central bank has tightened rules for finance companies which lend against gold, in line with the suggestions of an internal panel. As per the new rules: The lenders need to value the ..

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Large scale irrigation Projects no more feasible: Jairam Ramesh

September 21, 2013

Minister for rural development Jairam Ramesh clarified that with the enactment of Land Acquisition Bill acquisition of land for another major irrigation project like the Sardar Sarovar Dam would not be feasible. He held that enormous and major irrigation projects are no longer ..

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