Kotak mahindra Bank to acquire ING Vaisya Bank

Kotak Mahindra Bank has announced that it would acquire Bengalaru-headquartered ING Vysya Bank in an all-stock deal. The deal will be final after regulatory approvals, including those from the Reserve Bank of India (RBI) and Competition Commission of India (CCI). The ..

Month: Current Affairs - November, 2014

SEBI approved new Insider trading rules

The Securities and Exchange Board of India (SEBI) has revamped the rules related to the Insider trading for the protection of the smaller investors. Insider trading refers to the trade of a company’s stocks or other securities and making unethical profits ..

Month: Current Affairs - November, 2014

Government re-launches Kisan Vikas Patra

On 18th November 2014, Union Government re-launched Kisan Vikas Patra scheme (KVP) in New Delhi to encourage the habit of small savings among the citizens. The scheme will soon be made available through designated branches of nationalized banks across the ..

Month: Current Affairs - November, 2014

Government to launch modified direct cash subsidy transfer for LPG consumers from January 1, 2015

NDA government is launching, the modified version of Direct Benefit Transfer for LPG ( DBTL) scheme in 54 districts from 15th November 2014 and all over the country from 1st January 2014. The petroleum ministry is working on this in ..

Month: Current Affairs - November, 2014

Government to revive District Central Cooperative Banks (DCCBs) in four states

The NDA Government has decided to launch scheme in order to infuse Rs 2,375.42 crore to revive 23 District Central Cooperative Banks (DCCBs) in 4 states, which were on the verge of closure. Of the total amount, state governments will contribute ..

Month: Current Affairs - November, 2014

New austerity measure by government, announces 10% cut in non-plan expenditure.

On 30th October 2014, Finance Ministry has announced new mandatory austerity measures. Government aims to restrict fiscal deficit to 4.1 per cent of GDP in 2014-15 and hence, have taken up such steps. Thus it will lead to10 per cent ..

Month: Current Affairs - November, 2014

21 Asian countries sign MoU for Asian Infrastructure Investment Bank (AIIB)

21 Asian countries, including India, have signed an agreement to become the founding members of the Asian Infrastructure Investment Bank (AIIB). China’s Vice-Finance Minister Jin Liqun, who has also been the Vice-President of the Asian Development Bank (ADB), was appointed ..

Month: Current Affairs - October, 2014

Infrastructure Debt Fund will be based on a tripartite deal

The recently approved Infrastructure Debt Fund (IDF) will be based on a tripartite agreement b/w developer, lender (bank) and the IDF. The decision has been taken to infusing greater funds into infrastructure development in the country. Loans by the banks ..