Current Affairs

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Page-97 of Topic: IBPS

India’s sovereign outlook remains negative on S&P ratings

Global sovereign rating agency Standard & Poor’s said it will maintain negative outlook for the India as currency depreciation is adversely impacting investors’ confidence. They will maintain a negative...

August 23, 2013

RBI lowers remittance limit, discourage green card dreams

Taking further measures to reduce the burden on the already weakened rupee, RBI reduced the limit for remittances made by individuals to $75,000 from $200,000 per financial year...

August 23, 2013

Government bans duty free TV imports by air travelers with further decline of Rupee

The government banned duty free import of flat screen television by air travelers with a view to control down sliding rupee which declined below the 63 level against...

August 22, 2013

SEBI auctions Govt. debt securities worth $9.34 bn

With the aim to attract foreign investors towards Indian debt market, market regulator SEBI auctioned government debt securities worth $9.34 billion (Rs 58,264 core) and it received bids...

August 22, 2013

FDI limit in Asset Reconstruction Companies hiked to 74% – RBI

As per the RBI, the limit on Foreign Direct Investment (FDI) in Asset Reconstruction Companies (ARCs) has been increased to 74% from 49%, another measure to attract capital inflows to...

August 20, 2013

NBFCs must be under RBI watch: Subbarao

As per Reserve Bank of India (RBI) Governor D. Subbarao, banking as well as Non-Banking Financial Companies (NBFCs) must be under a unified regulation of the central bank...

August 20, 2013

Sharp rise in Internet related bank frauds: Banking Ombudsman

There was a sharp increase in complaints relating to Internet related bank frauds. The total number of complaints increased marginally from 3,486 in 2011-12 to 3,494 in 2012-13....

August 20, 2013

SEBI to go in for a major revamp

The market regulator Securities and Exchange Board of India (SEBI) has decided to go in for a major refurbishment of its role, vision and organisational set up with...

August 20, 2013

Govt. takes measures to increase Forex inflows and check deficit

In order to check the increasing Current Account Deficit (CAD) and curtail the rupee downslide due to an unstable foreign exchange market, the government has announced a set...

August 19, 2013

India's forex reserves dips by $2.99 billion

As per the Reserve Bank of India, the country’s foreign exchange reserves lowered by an immense USD 2.995 billion to USD 277.167 billion. Foreign currency assets which are a major...

August 15, 2013

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