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PM Narendra Modi launches MUDRA Bank to provide credit to small entrepreneurs
Prime Minister Narendra Modi on 8 April 2015 launched Micro Units Development Re-finance Agency (MUDRA) Bank in New Delhi. MUDRA Bank will act as a regulator for ‘Micro-Finance Institutions’ (MFIs) involved in manufacturing, trading and service activities to promote their ..
Month: Current Affairs - April, 2015
Union Government appoints 9 Executive Directors in Public Sector Banks
Union Government has appointed 9 Executive Directors (EDs) in Public Sector Banks (PSBs). Their appointment was approved by Appointments Committee of the Cabinet on recommendation of selection panel headed by the Reserve Bank of India (RBI) Governor Raghuram Rajan. Following ..
Month: Current Affairs - March, 2015
Union Government and RBI sign agreement to keep inflation below 6%
Union Government and the Reserve Bank of India (RBI) have signed an agreement on Monetary Policy Framework in order to move towards the RBI Governor Raghuram Rajan’s view of inflation targeting. Presently, Union Government and RBI give inflation estimates and ..
Month: Current Affairs - March, 2015
Highlights from Railway Budget 2015-16
Union Railway Minister Suresh Prabhu on 26 February 2015 presented the Railway Budget 2015-16 in the Parliament. Below are the highlights of this Budget: Railway Fares No new hike in passenger fares While, the Freight fares have been raised incase ..
Month: Current Affairs - February, 2015
Oscar Awards: 87th Academy Awards
The 87th Academy Awards ceremony, presented by the Academy of Motion Picture Arts and Sciences (AMPAS) was held at the Dolby Theatre in Hollywood, Los Angeles. The Academy Awards (commonly referred as Oscars) were presented in twenty four categories. They ..
Government meets target of opening 10-crore accounts under PM Jan Dhan Yojana
Government has met its target of opening 10 crore bank accounts under its flagship scheme of Pradhan Mantri Jan Dhan Yojana (PMJDY). This target was met a month before its revised deadline of 26 January 2015. Key facts As of ..
Month: Current Affairs - December, 2014
"5/20 Rule" of Aviation Sector likely to be scrapped by the Union government
Union government is planning to scrap the 5/20 Rule prevalent in the Indian aviation industry. Thus, Govt. plans to fulfill the demand of a few private airlines that want the rule to be relaxed. 5/20 Rule: As per this rule, ..
Month: Current Affairs - September, 2014
Govind Mishra gets Saraswati Samman 2013 for novel 'Dhool Paudhon Par'
The renowned Hindi author, Mr. Govind Mishra received the Sarawasti Samman 2013 for his book “Dhool Paudho Par” published in 2008. The award made Mr. Mishra the second Hindi author to receive the honour after noted Indian poet Mr. Harivansh Rai Bachchan. ..
Month: Current Affairs - September, 2014
PM Narendra Modi's 'Make in India' pitch to extend red carpet for investors
In order to make India a manufacturing hub, PM Narendra Modi launched the Make In India Campaign at Vigyan Bhawan in New Delhi. The promotion is intended to appeal foreign companies to set up their manufacturing units in India and ..
Month: Current Affairs - September, 2014
Govt declares September 25 as 'Antyodaya Diwas'
Union Government announced 25 September as “Antyodya Diwas” to mark the 98th birth anniversary of Pandit Deendayal Upadhyay, a noted philosopher, historian and political activist. Several activities including blood donation camps, seminar, symposia were organised across the country. Pandit Deendayal ..