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Union Government approves third NIMZ of India in Odisha

Published on: 27-MAY-2016
Important for Exam: 7 people agreed

For execution of the project, 4241 crore rupees have been approved of which 3816 crore rupees will be invested for the first phase of the project which will be completed by 2020.

Union Cabinet approves takeover of Hindustan Steel Works Construction Limited by NBCC

Published on: 26-MAY-2016
Important for Exam: 0 people agreed

The decision will benefit in economies of scale for NBCC and would assist in better manpower utilization. NBCC and HSCL will benefit from each other’s resources and expertise.

Union Cabinet approved National Capital Goods Policy 2016

Published on: 25-MAY-2016
Important for Exam: 6 people agreed

This is first ever policy for Capital Goods sector with a clear objective of increasing production of capital goods from 2.3 lakh crore rupees in 2014-15 to 7.5 lakh crore rupees in 2025.

Islamic Development Bank announced to open its first branch in India at Ahmedabad

Published on: 25-MAY-2016
Important for Exam: 4 people agreed

The plans to set up the branch at Gujarat is part of MoU signed between India’s EXIM Bank  and IDB during Prime Minister Narendra Modi visit to United Arab Emirates (UAE) in April 2016.

India, World Bank signs US$ 100 Million agreement for Karnataka Urban Water Supply Modernization

Published on: 25-MAY-2016
Important for Exam: 3 people agreed

The loan, from the International Bank for Reconstruction and Development (IBRD), has a 5-year grace period, and a maturity of 24 years.

SEBI tightens P-Notes norms to check money laundering

Published on: 22-MAY-2016
Important for Exam: 5 people agreed

These norms were passed upon recommendations of the Supreme Court- appointed SIT on black money headed by former apex court judges Justice MB Shah.

IT department launches e-nivaran platform to fast track taxpayer grievances

Published on: 19-MAY-2016
Important for Exam: 5 people agreed

In this regard, a separate and dedicated window for grievance redressal was also launched in the Income Tax Business Application (ITBA).

SBI to merge 5 subsidiaries, Bharatiya Mahila Bank with itself

Published on: 18-MAY-2016
Important for Exam: 9 people agreed

The proposed consolidation will create a banking behemoth with a balance sheet size of 37 trillion rupees.

NTPC tied-up with Coal India Limited to foray into Fertilizer Sector

Published on: 17-MAY-2016
Important for Exam: 4 people agreed

The JV company would initially be incorporated with 50:50 equity participation from both.

Tips to prepare for current affairs and general awareness questions

Published on: 17-MAY-2016
Important for Exam: 58 people agreed

Aspirants should make it a habit of reading newspaper on a daily basis as it will keep them updated about the trending topics happening across the globe.

Union Government launches ePACE, INFRACON and up-Scaled INAM PRO for Road Transport Sector

Published on: 16-MAY-2016
Important for Exam: 2 people agreed

These initiatives developed by National Highways and Infrastructure Development Corporation Ltd are aimed at making the road building procedure faster, more transparent and more efficient.

Income Declaration Scheme for domestic black money to start from June 1

Published on: 16-MAY-2016
Important for Exam: 1 people agreed

Under the Scheme declared income would be taxed at the rate of 30 percent plus 'Krishi Kalyan' cess of 25 percent on taxes payable and a penalty at the rate of 25 per cent of the taxes payable.

Union Cabinet approves for MoU between SEBI and FSRA Abu Dhabi

Published on: 13-MAY-2016
Important for Exam: 5 people agreed

SEBI is signing MoUs with different country’s financial jurisdictions who are not a signatory to the multilateral MoU of International Organisation of Securities Commissions (IOSCO).

NPPA fixes ceiling price of 54 drug formulations

Published on: 12-MAY-2016
Important for Exam: 5 people agreed

The ceiling prices were revised/fixed by NPPA as per the Schedule-I under Drugs (Price Control) Amendment Order (DPCO), 2016.

Rajya Sabha passes the Insolvency and Bankruptcy Code Bill 2016

Published on: 12-MAY-2016
Important for Exam: 11 people agreed

The Bill is based on the recommendations of the Joint Parliamentary Committee on the Insolvency and Bankruptcy Code, 2015 chaired by Bhupender Yadav. The committee submitted the report to government on 28 April 2016.

RBI to issue 1000 Rupees Banknotes with inset letter 'R'

Published on: 11-MAY-2016
Important for Exam: 14 people agreed

The banknotes bearing signature of Raghuram G Rajan, will also have the year of printing '2016' printed on the reverse.

RBI cancelled Certificate of Registration of four NBFCs

Published on: 11-MAY-2016
Important for Exam: 11 people agreed

RBI cancelled their certificates in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934.

Google launches Free Public Wi-Fi Service at 5 Railway Stations as part of Railwire

Published on: 10-MAY-2016
Important for Exam: 6 people agreed

Google has deployed service over RailWire which is an extensive fibre network of Indian Railway's arm Railtel that provides Internet services.

RBI released draft guidelines for licensing of Universal Banks in Private Sector

Published on: 09-MAY-2016
Important for Exam: 8 people agreed

It also sought views and comments on the draft guidelines from banks, non-banking financial institutions, industrial houses, other institutions and the public at large latest by 30 June 2016.

RBI releases consultation paper on Peer to Peer lending to classify it as NBFC

Published on: 09-MAY-2016
Important for Exam: 3 people agreed

The Consultation paper outlines the pros and cons of regulating the sector and proposes a suitable framework for regulating the activity.

100% FDI through Automatic Route permitted in Asset Reconstruction Companies

Published on: 09-MAY-2016
Important for Exam: 3 people agreed

Person resident outside India can invest in the capital of ARCs registered with Reserve bank of India, up to 100 per cent on the automatic route. Earlier, it was 49 per cent through automatic route and beyond 49 percent through government route.

India ranks Ninth in Crony-Capitalism Index

Published on: 09-MAY-2016
Important for Exam: 1 people agreed

The index aims to indicate whether the livelihood of the people from certain country or city with capitalist economy is easily affected by crony capitalism.

ICICI Bank signs MoU with New Development Bank of BRICS

Published on: 07-MAY-2016
Important for Exam: 9 people agreed

The MoU was signed by first President of NDB KV Kamath and ICICI Bank head Chanda Kochhar in Mumbai, Maharashtra.

Lok Sabha passes the Insolvency and Bankruptcy Code Bill 2016

Published on: 06-MAY-2016
Important for Exam: 6 people agreed

The Bill is based on the recommendations of the Joint Parliamentary Committee on the Insolvency and Bankruptcy Code, 2015 chaired by Bhupender Yadav.

Indian Railways creates Non-Fare Revenue Directorate to explore advertising in train coaches

Published on: 05-MAY-2016
Important for Exam: 9 people agreed

The decision to create a directorate was taken to increase the revenue substantially from non-tariff sources.

CCEA approved two laning with formation of four lane of Shimla Bypass on NH-22

Published on: 05-MAY-2016
Important for Exam: 6 people agreed

The main objective of the project is to expedite the improvement of infrastructure in Himachal Pradesh and also in reducing the time and cost of travel for traffic, particularly heavy traffic, plying on the Kaithlighat to Shimla section on National Highway-22.

India’s GDP to grow at 7.5% for 2016-17

Published on: 04-MAY-2016
Important for Exam: 14 people agreed

The IMF report said that this growth momentum is expected to be underpinned by private consumption, which has benefited from lower energy prices.

Union Commerce Ministry launched EXIM Analytics Dashboard for export, import data

Published on: 04-MAY-2016
Important for Exam: 2 people agreed

EXIM Analytics represents data graphically exposing patterns, trends and correlations that might go undetected in text-based data.

NABARD partners Germany for food security initiative

Published on: 30-APR-2016
Important for Exam: 25 people agreed

The programme is part of the German government's recently introduced special initiative 'One World, No Hunger' initiative. India is the only country in Asia chosen for this initiative.

India may surpass China in attracting FDI: Nomura

Published on: 27-APR-2016
Important for Exam: 8 people agreed

The trend of rising inflows to India and moderating inflows to China began in 2013 and FDI inflows to India can surpass those into China in 2016.

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