Page-82 of IBPS

NABARD slashes refinance rate by 0.20% to boost farm investment

January 14, 2014

National Bank for Agriculture and Rural Development (NABARD) reduced refinance rate for banks and other lending agencies by 0.20 % to promote rural credit and rural infrastructure. Revised rates: The revised rate of interest on refinance for a period of five ..

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POSCO's steel plant gets environmental clearance

January 13, 2014

India’s Ministry of Environment and Forests (MoEF) has given environmental clearance to South Korean steel manufacturer POSCO for its Rs 52,000 crore steel plant in Odisha. The company who made the largest FDI investment in India has got the clearance after a long wait ..

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Social Activist Ila Pathak passed away

January 13, 2014

Well-known Social activist Ila Pathak (80) passed away. Ila Pathak: Born in 1933, she was an active member of Movement for Secular Democracy (MSD) and vice-president of Peoples’ Union for Civil Liberties’ (PUCL). She became the founder secretary of Ahmedabad Women’s ..

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Rate of gas to be doubled as Government notifies new Gas Pricing Formula

January 13, 2014

On the eve of Petrotech Conference, the Government has given a respite to the gas exploration industries by notifying the new Gas Pricing Formula which will double the rate of gas to $8.4 per unit from April 2014, for all domestic ..

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FM: Plan to open 10,000 bank branches a year from next fiscal

January 13, 2014

The Union Finance Minister P. Chidambaram stated that in order to take the banking services to rural areas, the Centre has revised its target upwards to opening 10,000 new bank branches a year from the next financial year. Thus, an ..

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RBI: Gold loan finance companies can now give loans up to 75% of the market value of the gold

January 11, 2014

The Reserve Bank of India (RBI) has eased the norms for extending loans against gold jewellery as collateral. It has decided to raise the Loan-To-Value (LTV) cap for loans against the collateral of gold jewellery to 75 % from the ..

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No cash transactions in CIS : SEBI move to check laundering

January 11, 2014

The market regulator, Securities and Exchange Board of India (SEBI) made it compulsory for all investments into Collective Investment Scheme (CIS) funds to be made through banking channels, and not in cash, to prevent any money laundering activities through such ..

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Get rid of SLR, end loan waivers: RBI committee

January 11, 2014

A high-level panel of the Reserve Bank of India (RBI) has suggested that the central bank should gradually abolish the Statutory Liquidity Ratio (SLR), the portion of deposits that banks must compulsorily keep in government securities. At present, SLR is ..

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RBI permits firms to issue debt to non-residents as bonus

January 11, 2014

The Reserve Bank of India (RBI) has granted permission to Indian companies to issue non-convertible or redeemable preference shares or debentures to non-resident shareholders from their general reserves as bonus. This facility will also include the depositories that act as trustees ..

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Presidential assent to Lokpal and Lokayuktas Bill 2013

January 8, 2014

President of India Mr. Pranab Mukherjee has given his assent to the Lokpal and Lokayuktas Bill, 2013. This approval renders the Bill to turn into an Act. The Bill provides for setting up an anti-graft watchdog that will bring within ..

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