Page-116 of IBPS

Impose monetary limit for overseas use of cards: RBI

March 6, 2013

The RBI has asked banks to fix a monetary limit for international transactions on credit and debit cards.More directives by the RBI: Banks should refrain from issuing cards with global access unless specifically sought by the customer. A monetary limit ..

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Budget Box: Changed GAAR provisions to come into effect from April 2016

March 3, 2013

As announced in the current Budget, the modified version of controversial General Anti Avoidance Rules (GAAR) provisions will be implemented from April 2016. The modified provisions maintain the basic thrust and purpose of GAAR. The government had formed an expert ..

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‘Walking with Lions: Tales from a Diplomatic Past’ a book by Natwar Singh released by Vice President

March 3, 2013

“Walking with Lions : Tales from a Diplomatic Past” A book authored by Shri K. Natwar Singh, former Union Minister for External Affairs was released by the Vice President of India Shri M. Hamid Ansari.

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Budget Box: Countrywide coverage of Direct Benefit Transfer Scheme – “Aapka Paisa, Aapke Haath”

March 3, 2013

Government’s direct cash transfer programme- the Direct Benefit Transfer Scheme which began on January 1, 2013 which benefitted 11 lakh poor people will be rolled out throughout the country. “Aapka Paisa, Aapke Haath” Slogan for the Direct Cash Transfer scheme ..

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Budget Box: ‘Nirbhaya Fund’ to be created for women safety & empowerment

March 2, 2013

As proposed in the Budget 2013-14, government will set up ‘Nirbhaya Fund’ of Rs 1,000 crore for safety and empowerment of women. Nirbhaya (fearless) was the pseudonym given to the victim of the inhumane Delhi-bus incident to hide her actual ..

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Sugata Mitra wins TED Prize for Extraordinary Creativity

March 1, 2013

Educational researcher Sugata Mitra has been awarded the million-dollar TED Prize for pursuing his idea for building the schools in the Internet. Mitra is Professor of Educational Technology at the School of Education, Communication and Language Sciences at Newcastle University, ..

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Fact Box “Anubhuti” Railway Coaches

February 28, 2013

Owing to increased popularity of Shatabdi and Rajdhani trains, there is also a demand for higher travel comfort. Thus, was felt the need for the special AC luxury class by Railway Minister and named ‘Anubhuti’ coaches. These with more facilities ..

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Fact Box: February 28 – The National Science Day

February 28, 2013

Every year February 28 is celebrated as the National Science Day Rashtriya Vigyan Diwas (राष्ट्रीय विज्ञान दिवस). Why National Science Day is celebrated? 1928- To mark the discovery of the Raman effect by Indian physicist Sir Chandrasekhara Venkata Raman on ..

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“W49B”: The Youngest black hole in our galaxy discovered by the Scientists

February 26, 2013

Recent  data from NASA’s Chandra X-ray Observatory has spotted the youngest black hole yet in the Milky Way galaxy named “W49B”. W49B is just 1000-years-old and only 26,000 light-years away from Earth.

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Kerala raises age limit to buy liquor from 18 to 21

February 26, 2013

Kerala Cabinet ratified the Kerala Abkari Act Amendment Ordinance 2013 which ideates increasing the age for buying and selling liquor from 18 to 21 years in the state. Also, the new amendment will now make it compulsory for television and ..

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