Page-97 of 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 outlook on India’s BBB sovereign credit ratings. S&P’s statement came when the ..
Month: Current Affairs - August, 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 and banned the purchase of property outside India. The rich Indians with ..
Month: Current Affairs - August, 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 US dollar. Air travelers, presently, can bring a flat screen television for ..
Month: Current Affairs - August, 2013
Category: India Nation & States Current Affairs
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 worth $10.4 billion (Rs 64,908 crore). The FIIs were in a trend ..
Month: Current Affairs - August, 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 support a declining Rupee. The foreign investment limit of 74% in the company ..
Month: Current Affairs - August, 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 to prevent 2008 like crisis. He said that there were strong inter-linkages ..
Month: Current Affairs - August, 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. The complaints related to credit card and Internet based transactions increased from ..
Month: Current Affairs - August, 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 a stronger workforce and greater IT resources in order to improve focus ..
Month: Current Affairs - August, 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 of measures to increase the Forex inflows by an additional $11 billion ..
Month: Current Affairs - August, 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 component of the forex reserves, dropped USD 2.155 billion to USD 249.895 billion ..