Page-26 of IBPS

Investment target for DFC revised to Rs 80,000 crore: Government

July 25, 2014

Government has revised investment target for Dedicated Freight Corridor (DFC) from Rs 27,000 crore to Rs 80,000 crore. As per the government, expenditure on land acquisition has multiplied several times leading to hike in investment target. Government will construct more ..

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Banks barred from trading in bonds for infrastructure lending: RBI

July 25, 2014

According to the Reserve Bank of India, banks will not be permitted to trade bonds issued by other lenders for infrastructure lending that would be exempted from mandatory reserve requirements under the new guidelines issued by the RBI. The RBI ..

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20th edition of Commonwealth Games begin at Celtic Park in Glasgow, Scotland

July 25, 2014

The 2014 Commonwealth Games kicked off with a spectacular opening ceremony that witnessed some enchanting performances by singers Rod Stewart, Susan Boyle and violinist Nicola Benedetti at the Celtic Park, Glasgow (Scotland). The British Queen Elizabeth II declared the Games ..

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India will not support trade facilitation agreement at the WTO

July 25, 2014

Upholding its earlier stance, India will not support a pact on Trade Facilitation Agreement (TFA) at the World Trade Organisation (WTO) till its concerns related to subsidies given for food procurement and food aid is suitably addressed. WTO members are expected ..

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Joko Widodo wins Indonesian presidential polls

July 25, 2014

Jakarta (Indonesia) Governor Joko Widodo has been declared the winner of the Indonesian presidential polls. He received around 53% of the total valid votes cast in the election. Indonesia’s General Elections Commission, known as the KPU, declared the final results ..

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TCS is first Indian firm to achieve market capitalization of Rs 5 lakh crore

July 25, 2014

India’s largest software services exporter, Tata Consultancy Services (TCS) became the first Indian company to achieve a market capitalization of Rs 5 lakh crore. In terms of market capitalization, TCS is followed by Oil and Natural Gas Corporation (ONGC) at ..

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Government sets up Suresh Prabhu Panel to review Gas Pricing Formula

July 25, 2014

Union government will appoint Suresh Prabhu Committee to review the gas pricing formula. Suresh Prabhu is a former Union Power Minister under National Democratic Alliance (NDA) government led by Atal Bihari Vajpayee. The other members on the panel will be Pratap ..

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Union Cabinet gives nod to 49% FDI in insurance sector

July 25, 2014

The Union Cabinet approved the proposal of increasing the Foreign Direct Investment (FDI) limit in the insurance sector to 49% from the existing 26%. The move is in sync with the proposal made by Finance Minister Arun Jaitley in his ..

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Fuad Masum: New President of Iraq

July 24, 2014

The Council of Representatives of Iraq (Iraqi Parliament) in Baghdad elected Muhammad Fuad Masum of Patriotic Union of Kurdistan (PUK) party as the seventh President of Iraq. He got 211 votes in his favor and 17 votes against. Masum is ..

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K. N. Tripathi takes oath as Governor of West Bengal

July 24, 2014

Former Speaker of Uttar Pradesh Legislative Assembly and five-time MLA Keshari Nath Tripathi was sworn-in as the Governor of West Bengal. Tripathi, was administered the oath of office by the acting Chief Justice of Calcutta High Court Asim Kumar Banerjee in ..

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