Page-91 of IBPS
Political uncertainties are among the factors impacting capital markets: RBI
The RBI in its Macroeconomic and Monetary Developments Second Quarter Review 2013-14 said that markets in India face domestic uncertainties arsing from prolonged slowdown, falling corporate earnings and rising leverage, besides risks of political uncertainties associated with the electoral cycle. Elections ..
Month: Current Affairs - November, 2013
RBI hiked Repo Rate by 25 basis points to 7.75 %
As per the Second Quarter Review of Monetary Policy 2013-14 released by the Reserve Bank of India (RBI), the Repo rate has been increased by 25 basis points from 7.5% percent to 7.75% keeping in view the surge in inflation ..
Month: Current Affairs - October, 2013
Co-operatives against plan to convert Primary Agricultural Cooperative Societies (PACS) into banking correspondents
The members of co-operative societies are opposed to the ideo of converting Primary Agricultural Cooperative Societies (PACS) into business correspondents for District Credit Cooperative Banks as recommended by the Prakash Bakshi committee. What are Primary Agricultural Cooperative Societies (PACS) ? ..
Month: Current Affairs - October, 2013
Mukesh Ambani remains wealthiest Indian
As per the the China-based Hurun India Rich List, Reliance Industries Chairman Mukesh Ambani is India’s richest man with personal assets of $18.9 billion. Mr. Ambani retained the top rank for the second consecutive year even after a wealth decline ..
Month: Current Affairs - October, 2013
Category: Awards, Honours & Persons in News
Govt monitoring top 30 NPA accounts of banks: Finance Minister
Finance Minister P. Chidambaram held that the government was keeping a close watch on the top 30 Non-Performing Assets (NPA) accounts of big borrowers (with loans of over Rs.1 crore) in each public sector bank, and asked the lenders to ..
Month: Current Affairs - October, 2013
S&P BSE Sensex crosses 21,000 for first time since November 2010
S&P BSE Sensex crossed 21,000 level for first time since November 2010. The benchmark is also Asia’s best performing index. Marking it highest intra-day level since November 2010, the S&P BSE Sensex rose above 1 % to 21,002.50 What are the possible reasons ..
Month: Current Affairs - October, 2013
"Frank": World’s first complete bionic man
What is Frank (Frankenstein) ? Researchers from Zurich (Switzerland) have revealed the world’s first walking, talking bionic man called Frank, short for Frankenstein Researchers have engineered the world’s first robot human or Bionic man made entirely of prosthetic parts. It can walk, ..
Month: Current Affairs - October, 2013
Category: Science & Technology Current Affairs
"Tata SIA Airlines Ltd." – TATA-Singapore Airlines joint venture gets approval for its name
The Ministry of Corporate Affairs approved the name “Tata SIA Airlines Ltd.” to be used for the proposed aviation venture of TATA with Singapore Airlines(SIA) which plans to offer full-service passengers sevices on domestic and international routes. The initial investment ..
Month: Current Affairs - October, 2013
First National Yash Chopra Memorial Award presented to Lata Mangeshkar
Legendary vocalist Lata Mangeshkar was presented the first national Yash Chopra Memorial Award by the Ministry of Information and Broadcasting as a mark of tribute to the legendary filmmaker Yash Chopra on the eve of his first death anniversary. The ..
Month: Current Affairs - October, 2013
Category: Awards, Honours & Persons in News
India's Forex reserves reaches $279.24 billion
The foreign exchange (forex) reserve of India rose by $1.51 billion to touch $279.24 billion for the week ended October 11, 2013. According to the Reserve Bank of India (RBI), India’s Foreign Currency Assets (FCA), the biggest component of the ..