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RBI to designated six bas as Systemically Important Banks (SIBs)

July 27, 2014

The Reserve Bank of India will designate at least six banks as Systemically Important Banks (SIBs), for the domestic financial market which will need to have higher capital than other banks to prevent the financial system from collapsing in the ..

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Narendra Modi uses idea of 'zero hour' at Cabinet meetings

July 27, 2014

Prime Minister Narendra Modi has introduced the concept of “zero hour” at Cabinet meetings. The “zero hour” will be the free-wheeling discussions where ministers can bring up any issue they feel relevant for the Cabinet’s informal consideration. The practice come ..

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Government has no proposal to integrate Aadhaar project & NPR

July 27, 2014

Government has informed that it is not considering any proposal to integrate the UID (Aadhaar) project with National Population Register (NPR). In December 2010, the National Identification Authority of India Bill 2010 was introduced in the Rajya Sabha and was ..

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S S Mundra to be fourth deputy governor of RBI

July 26, 2014

S S Mundra (60), Chairman and managing director of Bank of Baroda, is set to be appointed as the fourth deputy governor of the Reserve Bank of India (RBI) after PM Narendra Modi approved his appointment. The veteran banker had ..

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Over 90% of human genome is ‘junk’ DNA: Research

July 26, 2014

According to the researches at Oxford University, less than 9.5% of human DNA is functional. This is in contrast to the hitherto presumed theory that 80% of the human genome is of some biological importance. The study uncovers that at ..

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Paracetamol not effective for back pain: Research

July 26, 2014

As per a new research conducted by Sydney-based George Institute for Global Health, Paracetamol, the first line recommendation of doctors for managing back pain, doesn’t work to relieve the pain. The findings contradict the paracetamol manufacturers and doctors’ treatment guidelines of ..

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Ukraine's PM submits resignation

July 26, 2014

Ukraine’s Prime Minister Arseniy Yatsenyuk has resigned from the office. This means that Ukraine will have fresh elections that would mirror the country’s changed political picture after the ouster of pro-Russian President Viktor Yanukovych in February 2014. Yatsenyuk, an advocate ..

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MH-17 crash: EU extends sanctions on Russia

July 26, 2014

In the wake of the Malaysian Airplane MH-17 crash that happened over eastern Ukraine recently, European Union has extended the sanctions on Russia. The imposition of sanctions on Russia was started with the country’s annexation of Crimea in eastern Ukraine ..

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'Van Bandhu Kalyan Yojna': Scheme for holistic development of tribals launched

July 26, 2014

A new scheme named ‘Van Bandhu Kalyan Yojna’ for holistic development of tribals has been launched by the government. The Ministry of Tribal Affairs launched the scheme for holistic development of tribal people and Rs 100 crore has been allocated ..

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India-US Malabar naval drill not aimed at containing China: US

July 26, 2014

The US has clarified that the annual India-US bilateral “Malabar” naval exercise which started in the Asia Pacific region is not aimed at containing China and that the exercise would strengthen the US naval presence in the Pacific Ocean region ..

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