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RBI to sell 12000 crore rupees govt bonds through Open Market Operations

Published on: 29-NOV-2014
Important for Exam: 10 people agreed

RBI to sell 12000 crore rupees government bonds through OMO to squeeze the liquidity in the market.

RBI released guidelines for Licensing of Payments Banks

Published on: 28-NOV-2014
Important for Exam: 22 people agreed

RBI released guidelines for Licensing of Payments Banks that will allow mobile firms and supermarket chains, among others, to enter the banking arena.

RBI released Guidelines for Licensing of Small Finance Banks in the Private Sector

Published on: 28-NOV-2014
Important for Exam: 11 people agreed

RBI issued norms final norms for payment banks and small finance banks. The move aims at deepening financial inclusion and boost saving habits.

SBI Mutual Fund announced to launch Shariah Equity Fund

Published on: 27-NOV-2014
Important for Exam: 23 people agreed

State Bank of India (SBI) Mutual Fund will launch Shariah Equity Fund which is aimed at attracting investments from Muslim population of India.

World Gold Council and IIMA collaborated set up India Gold Policy Centre

Published on: 27-NOV-2014
Important for Exam: 12 people agreed

WGC and IIMA set up India Gold Policy Centre to conduct research on all aspects of the domestic gold industry.

SEBI directed FPIs to ensure FPI regulations to issue ODIs, especially P–notes

Published on: 26-NOV-2014
Important for Exam: 28 people agreed

SEBI directed FPIs to ensure compliance with all necessary norms of FPI Regulations before issuing P-notes with immediate effect.

SEBI de-recognised Delhi Stock Exchange

Published on: 21-NOV-2014
Important for Exam: 20 people agreed

The order of de-recognition will be applicable with immediate effects.

OECD raised India growth forecast to 6.6 percent for 2015-16

Published on: 21-NOV-2014
Important for Exam: 22 people agreed

OECD maintained that to achieve 6.6 percent growth, India needs to revive manufacturing activities.

IREDA and US Exim Bank Signed MoU on cooperation on clean energy investment

Published on: 19-NOV-2014
Important for Exam: 18 people agreed

Indian Renewable Energy Development Agency Ltd ( IREDA) and US Exim Bank signed a Memorandum of Understanding (MOU) with respect to cooperation on clean energy investment.

Exports declined by 5 percent to 7-month low of 26 billion US dollars in October 2014

Published on: 18-NOV-2014
Important for Exam: 8 people agreed

Merchandise exports declined by 5 percent to 7-month low of 26 billion US dollars in October 2014 resulting into widening of trade deficit to 13.3 billion US dollars in October 2014.

Union Government constituted IMC for smooth allocation of cancelled coal blocks

Published on: 13-NOV-2014
Important for Exam: 21 people agreed

Union Coal Ministry constituted high-level inter-ministerial committee to ensure smooth allocation of 204 cancelled coal blocks.

IFC arm of World Bank issued 10billion rupee Masala bond to fund infrastructure development

Published on: 12-NOV-2014
Important for Exam: 17 people agreed

International Finance Corp (IFC) on 11 November 2014 issued 10 billion rupee Masala bond to fund infrastructure development.

RBI tightened NBFC norms by requiring them to have stronger capital base

Published on: 11-NOV-2014
Important for Exam: 24 people agreed

RBI issued the revised Regulatory Framework for NBFCs, by requiring them to have a much stronger capital base.

Union Ministry of MSME and ILO signed MoU to support the Make in India Initiative

Published on: 05-NOV-2014
Important for Exam: 52 people agreed

The Union Ministry of Micro, Small and Medium Enterprises and the International Labour Organization on 3 November 2014 signed a Memorandum of Understanding.

S&P downgraded credit rating of Indian Overseas Bank to speculative grade

Published on: 04-NOV-2014
Important for Exam: 13 people agreed

Global rating agency Standard & Poor on 3 November 2014 lowered credit rating of state-owned Indian Overseas Bank (IOB) to speculative grade.

Union Cabinet approved proposal to amend FDI policy in construction and real estate sector

Published on: 01-NOV-2014
Important for Exam: 48 people agreed

Union Cabinet approved proposal to amend Foreign Direct Investment (FDI) policy in construction and real estate sectors.

India-Saudi Arabia agreed to cooperate in hydrocarbon sector

Published on: 30-OCT-2014
Important for Exam: 50 people agreed

India-Saudi agreed to cooperate in areas of strategic reserves, petrochemical conservation, refineries and energy efficiency programmes.

Kamarajar Port to set up free trade and warehousing zone

Published on: 30-OCT-2014
Important for Exam: 25 people agreed

The Kamarajar Port Ltd (KPL) on 28 October 2014 announced to set up a Free Trade and Warehousing Zone (FTWZ) on 100 acres, adjacent to its premises.

Union Government scrapped ongoing selection process of CMDs, EDs in PSBs

Published on: 28-OCT-2014
Important for Exam: 50 people agreed

The Union Finance Ministry on 27 October 2014 cancelled the current selection process for the posts of CMD and Executive Director (ED) of Public Sector Banks (PSBs)

World Bank released India Development Update

Published on: 28-OCT-2014
Important for Exam: 124 people agreed

World Bank report titled, India Development Update that claims India's GDP to grow by 5.6 percent in Current Fiscal Year.

Union Government launched website for Pradhan Mantri Jan-Dhan Yojana

Published on: 28-OCT-2014
Important for Exam: 181 people agreed

The Union Government launched a dedicated website for Pradhan Mantri Jan-Dhan Yojana available both in English and Hindi versions.

RBI & CBK signed MoU on Supervisory Cooperation and Exchange of Supervisory Information

Published on: 18-OCT-2014
Important for Exam: 75 people agreed

RBI signed a pact with the Central Bank of Kenya for Supervisory Cooperation and Exchange of Supervisory Information.

Government to import potatoes for 1st time to check rising prices

Published on: 17-OCT-2014
Important for Exam: 35 people agreed

Union Government for the first time decided to import potatoes to augment domestic availability and check rising prices of the kitchen staple.

Exports increased 2.73 percent in September 2014: Union Ministry of Commerce

Published on: 16-OCT-2014
Important for Exam: 30 people agreed

India's exports increased 2.73 percent in September 2014 worth of 28.90 billion US dollar from 28.13 billion US dollar in September2014.

Switzerland to provide information on black money in time-bound manner

Published on: 16-OCT-2014
Important for Exam: 30 people agreed

Switzerland agreed to examine Indian requests for banking information on a priority basis and provide requested details in a time-bound manner.

Union Finance Ministry approved 25 FDI proposals with total investment of 1546 crore rupees

Published on: 15-OCT-2014
Important for Exam: 67 people agreed

Union Finance Ministry on 14 October 2014 approved 25 FDI proposals with total investment of 1546 crore rupees.

Union Finance Minister to set inflation targets for RBI

Published on: 15-OCT-2014
Important for Exam: 46 people agreed

Union Finance Minister on 12 October 2014 gave the green signal for the much awaited reforms in the monetary policy framework

CPI inflation declined to 6.46 percent in September 2014

Published on: 14-OCT-2014
Important for Exam: 56 people agreed

Consumer Price Index (CPI) inflation or retail inflation of September 2014 stood at 6.46 percent as compared to the 7.3 percent in August 2014.

JP Morgan cut India 2014-15 growth forecast to 5.1 percent from 5.3 percent

Published on: 13-OCT-2014
Important for Exam: 32 people agreed

JP Morgan on 10 October 2014 cut its India GDP growth projection for 2014-15 to 5.1 percent from 5.3 percent.

Railways Revenue earnings up by over 12 percent during April 2014 - September 2014

Published on: 09-OCT-2014
Important for Exam: 20 people agreed

Data released by Railway Ministry said that during April to September 2014, Railways revenue earnings have gone up by over 12 percent.

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