Page-110 of IBPS

Finance Ministry appoints auditors without consulting RBI

May 22, 2013

Deviating from the earlier practice of consulting the RBI while appointing auditors for the same, the government has appointed auditors for the Reserve Bank of India after consulting with the Comptroller & Auditor General (CAG). As per government, this has been done to avoid ..

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RBI directs banks to adhere to ‘Clean Note Policy’

May 18, 2013

The Reserve Bank of India, under its Clean Note Policy, has directed banks to eliminate stapling of note packets and issue only clean currency notes to the public. What is Clean Note Policy? Clean Note Policy is a policy being ..

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RBI imposes restriction on gold imports by banks

May 17, 2013

The Reserve Bank of India placed restrictions on banks to import gold with immediate effect to contain the soaring Current Account Deficit (CAD). Why this restriction on Gold Imports? India is among the largest importers of gold in the world. ..

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April WPI inflation at 4.89%, lowest in last three and a half year

May 17, 2013

As per government data, the Wholesale Price Index (WPI) in April rose 4.89% which is the lowest since November 2009. WPI inflation in the manufactured items category decreased to 3.41% in April from 4.07% in March. Also, inflation in food articles ..

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NRI Sunil Chopra becomes Deputy Mayor of a London Borough

May 17, 2013

Delhi-born NRI Sunil Chopra has been elected as the Deputy Mayor of a London Borough. Chopra, General Secretary of the Indian Overseas Congress, London, is the first and only Indian-origin elected councillor in London Borough of Southwark Council, which has ..

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Government to set up Financial Stability and Development Council (FSDC)

May 15, 2013

The Central Government is at consensus to establish Financial Stability & Development Council (FSDC) to strengthen and institutionalize the mechanism for maintaining financial Stability and Development. What would be the role of FSDC? FSDC will perform following role: To engage ..

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WCD Ministry formed 4745 SHGs in UP and Bihar under ‘PRIYADARSHINI’ scheme

May 15, 2013

The Ministry Women and Child Development (WCD) has supported 4745 Self Help Groups (SHGs) under its project ‘Priyadarshini’. The pilot project is being administered by the Ministry in 13 blocks spread across 5 districts in Uttar Pradesh and 2 districts ..

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President presents National Florence Nightingale Award 2013

May 15, 2013

On the occasion of International Nurses Day on May 12, 2013, the President of India, Pranab Mukherjee, presented National Florence Nightingale Award 2013 to 35 nursing professionals for their services with devotion, sincerity, dedication and compassion. About National Florence Nightingale Award The Florence Nightingale Award was established ..

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Indira Goswami honored with Asom Ratna Award 2012

May 15, 2013

The President of India, Pranab Mukherjee honored legendary storyteller and prolific novelist Indira Goswami with the Asom Ratna Award for the year 2012 posthumously. Sharmila Tagore received the Srimanta Shankardeva Award for the year 2008. It was given to her for her rich contribution to India’s cultural ..

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NSE launches India’s first Debt Trading Platform

May 15, 2013

India’s National Stock Exchange launched the India’s first Debt Trading Platform.  The newly launched Platform is yet to receive market regulator SEBI’s guidelines for allowing participation of mutual funds, insurance companies and pension funds. SEBI had recently approved NSE to ..

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