Page-52 of IBPS

Members of Planning Commission resign

May 23, 2014

Following the standard practice, all members of the Planning Commission (PC) including Deputy Chairman Montek Singh Ahluwalia and all the other members of the Commission submitted their resignations to the Prime Minister’s Office to enable its reconstitution. Dr. Ahluwalia and ..

Month: 

Category: 

Anandiben Patel: First woman CM of Gujarat

May 22, 2014

Anandiben Patel (73) will succeed PM-designate Narendra Modi as the Chief Minister of Gujarat. Prior to her election as CM, she was state’s revenue minister.  Modi was the longest-serving chief minister of the state.  Anandiben Patel is the first woman chief minister ..

Month: 

Category: 

All banks need to install ‘talking ATMs” from July 1, 2014: RBI

May 22, 2014

As per the directions of the Reserve Bank of India (RBI), all banks will be required to make all new ATMs installed from July 1, 2014 as “talking ATMs” with Braille keypads. As per RBI’s guidelines to all banks: All new ATM’s installed ..

Month: 

Flipkart acquires Myntra

May 22, 2014

India’s largest online retailer, Flipkart.com, acquired fashion e-retailer Myntra.com. While the exact size of the deal could not be ascertained, some reports estimate it to be of Rs 1,800-2,000 crore The deal is expected to consolidate Rs 62,000-crore e-commerce market ..

Month: 

RBI permits banks to provide loans to exporters for up to 10 years

May 21, 2014

Banks have been allowed by the RBI to give loans with tenures of up to 10 years to exporters to help them ensure capital flows to fulfil long-term contracts. As per current rules, banks are allowed to provide loans for ..

Month: 

Modi is not the first instance when CM becomes PM

May 21, 2014

Prime Minister-to-be Narendra Modi is not the first Chief Minister to ascend to the seat of the head of Government of India. The distinction goes to former Karnataka CM H.D. Deve Gowda, who, moved to the post of Prime Minister ..

Month: 

Category: 

Pension Payment Order (PPO) to be given soon after retirement to Central Govt employees

May 21, 2014

The Centre has decided to give Pension Payment Order (PPO) to all central government employees at the time of retirement along with their other dues. This step has been taken to check the delay in disbursal of pension. Currently, the scheme ..

Month: 

RBI to start managing Telangana's public debt from June 2, 2014

May 21, 2014

The Reserve Bank of India (RBI) and the newly created state Telangana have inked a pact according to which the RBI shall carry on the general banking business of the Government of Telangana, manage its rupee public debt and act ..

Month: 

RBI to launch Plastic notes in 2015

May 20, 2014

As per Reserve Bank of India (RBI) Governor Raghuram Rajan, Plastic currency notes will be launched in 2015 after field trial which is likely to be conducted in the latter half of 2014. The pilot testing would be conducted in ..

Month: 

India’s ‘Steel Man’ – Former Tisco chief Russi Mody passed away

May 19, 2014

Russi Mody (96), regarded as India’s ‘Steel Man’ for his role in elevating Tata Steel (then known as Tisco) to its present status of India’s largest steel manufacturing company, passed away. He was born on January 17, 1918, joined Tisco in 1939, ..

Month: