Page-96 of IBPS

MoE slaps Rs 200 crore penalty on Adani group

A committee, established by the Ministry of Environment and Forests,  under the chairmanship of Sunita Narain, director general of Centre for Science and Environment, has slapped a penalty of Rs 200 crore on the Adani Group’s Mundra Port and Special Economic Zone for inflicting ..

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RBI asks banks to consider e-KYC a valid process

In a notification issued by the Reserve Bank of India, banks have been asked to avail the electronic Know Your Customer, e-KYC service, launched by the Unique Identification Authority of India, UIDAI. The notification directed banks to revise their KYC ..

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Current Affairs: Top Headlines for September 1, 2013

Curiosity to take pictures of solar eclipse Mars rover Curiosity took pictures of the planet’s moon, Phobos, eclipsing the sun. NASA’s Curiosity rover landed on the red planet in August 2012 for a 2-year mission to study if the planet similar ..

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Current Affairs: Top Headlines for August 31, 2013

Pakistan and Russia initiate Strategic Dialogue Pakistan and the Russia held their first ever Foreign Secretary level interaction on the Strategic Dialogue in Moscow. Foreign Secretary of Pakistan Jalil Abbas Jilani and First Deputy Minister Vladimir Gennadievich Titov of the ..

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Current Affairs: Top Headlines for August 30, 2013

Melbourne tops the list of liveable cities in world According to a survey conducted by the Economist Intelligence Unit, the Australian city of Melbourne is the most liveable city in the world while conflict battered Syria‘s capital Damascus is the least liveable city. The survey also lists ..

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Offshore markets affecting rupee fluctuations

The RBI stated in its annual report that the Non-Deliverable Forwards (NDF) markets are exerting more pressure on the onshore currency market, especially when rupee is under stress.  The rupee has nearly declined 21 % so far this fiscal. As ..

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Asian currencies slide down on Fed signals

With the indication by the Federal Reserve Bank of the US that the central bank could start scaling back its stimulus as early as September 2013 various Asian currencies fell as a response to this. The rupee continued to depreciate ..

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No proposal to increase FDI ceiling in banks

The government has clarified that there is no proposal to raise foreign investment limit in the banking sector. What is the current status of foreign investment in banking sector? Currently, the aggregate foreign investment (FDI, FII and NRI) cannot be ..

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RBI eases portfolio investment scheme for NRIs

The Reserve Bank of India eased the rules governing portfolio investments such as equity and debt by Non-Resident Indians (NRIs) to pull in foreign currency. Under the Portfolio Investment Scheme (PIS) for NRIs, banks were given a unique code for ..

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RBI takes measures to ease liquidity

RBI took a few measures to ease liquidity including Rs 8,000 crore bond buyback, to ensure adequate credit flow to the productive sectors of the economy to counter the surge in interest rates following its steps to support falling rupee. ..

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