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BHEL bagged 16.96 million euro contract in Turkey for a thermal power project

Published on: 22-DEC-2014
Important for Exam: 10 people agreed

BHEL bagged a 16.96 million Euros contract for a thermal power project from Electricity Generation Company of Turkey.

Union Finance Ministry approved 8.75 percent interest rate on PF deposits for 2014-15

Published on: 20-DEC-2014
Important for Exam: 39 people agreed

The interest rate of 8.75 percent on Provident Fund (PF) deposits for the year 2014-15 was approved by the Union Finance Ministry on 19 December 2014.

IRDA imposed penalty on Canara HSBC OBC Life Insurance & Anand Rathi Insurance Brokers

Published on: 19-DEC-2014
Important for Exam: 10 people agreed

For violating regulatory norms, IRDA imposed penalty on Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd and Anand Rathi Insurance Brokers.

Union government notified Approach Paper for e-auctioning of 92 cancelled coal mines in first phase

Published on: 18-DEC-2014
Important for Exam: 9 people agreed

Union Ministry of Coal on 17 December 2014 notified the draft rules for e-auction of 92 cancelled coal mines in first phase fixing a floor price of 150 rupees per tonne..

RBI imposed monetary penalty on ICICI and Bank of Baroda for violating KYC/AML Instructions

Published on: 18-DEC-2014
Important for Exam: 51 people agreed

RBI imposed monetary penalty on ICICI bank and Bank of Baroda for violation of its instructions regarding norms on KYC and AML.

RBI increased RTGS business hours to 12 hours on weekdays

Published on: 17-DEC-2014
Important for Exam: 81 people agreed

RBI increased RTGS (real time gross settlement) business hours from 7.30 hours to 12 hours.

CCEA approved implementation of Tea Development and Promotion Scheme

Published on: 12-DEC-2014
Important for Exam: 15 people agreed

The Cabinet Committee on Economic Affairs (CCEA) on 10 December 2014 approved the implementation of the Tea Development and Promotion Scheme of the Tea Board.

Union Cabinet approved to set up 500 crore rupees Credit Guarantee Fund for factoring for MSME units

Published on: 11-DEC-2014
Important for Exam: 16 people agreed

Union Cabinet approved to set up of 500 crore rupees Credit Guarantee Fund for factoring of Micro, Small and Medium Enterprises.

Union Government divested 5 percent stake in SAIL

Published on: 10-DEC-2014
Important for Exam: 14 people agreed

The Union Government on 5 December 2014 divested its 5 percent stake in Steel Authority of India Ltd (SAIL).

SBI launched two Composite Indices to track monthly and yearly economic trends

Published on: 10-DEC-2014
Important for Exam: 22 people agreed

SBI launched two indices to track manufacturing activity and offer forward-looking economic trends.

RBI notified revised FDI policy in Defence and Railways

Published on: 09-DEC-2014
Important for Exam: 75 people agreed

The Reserve Bank notified reviewed Foreign Direct Investment (FDI) policy in railways infrastructure and Defence sectors.

RBI notified norms to set up TReDS trading platform for MSME receivables

Published on: 05-DEC-2014
Important for Exam: 27 people agreed

RBI notified norms to set up Trade Receivables Discounting System (TReDS) trading platform for micro, small and medium enterprises receivables.

RBI relaxed norms for PPIs and doubled the limit to one lakh rupees

Published on: 05-DEC-2014
Important for Exam: 48 people agreed

The move would help in achieving the objective of limiting cash transactions in the system.

Air India and NBCC signed MoU for Monetization of Land Assets

Published on: 05-DEC-2014
Important for Exam: 17 people agreed

Air India signed a MoU with NBCC for monetization of surplus land assets of the national carrier.

DIPP issued Press Note 10 to relax FDI norms for the construction development sector

Published on: 04-DEC-2014
Important for Exam: 17 people agreed

DIPP issued Press Note 10 of 2014 series to relax the FDI norms for the construction development sector. DIPP is under the Union Ministry of Commerce and Industry.

Union Cabinet approved bill on coal block auctions to replace Coal Mines Ordinance 2014

Published on: 03-DEC-2014
Important for Exam: 13 people agreed

To facilitate process of mine sale, the Union Cabinet approved bill on coal block auctions to replace the Coal Mines (Special Provisions) Ordinance, 2014.

Union Cabinet approved Regional Rural Banks (Amendment) Bill, 2013

Published on: 03-DEC-2014
Important for Exam: 69 people agreed

The Union Cabinet approved Regional Rural Banks (Amendment) Bill, 2013 that seeks amendments in the Regional Rural Banks (RRBs) Act, 1976.

RBI announced fifth Bi-Monthly Monetary Policy Statement 2014-15

Published on: 02-DEC-2014
Important for Exam: 74 people agreed

RBI in its fifth bi-monthly monetary policy statement kept the policy rates unchanged.

RBI eased gold imports & scrapped 80: 20 scheme

Published on: 29-NOV-2014
Important for Exam: 139 people agreed

The Reserve Bank of India eased gold imports and scrapped 20:80 scheme.

RBI issued final guidelines for the Bharat Bill Payment System

Published on: 29-NOV-2014
Important for Exam: 108 people agreed

The system will help consumers pay multiple bills like electricity, telephone and school fees at a single point of transaction.

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

Published on: 29-NOV-2014
Important for Exam: 80 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: 68 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: 26 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: 39 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: 19 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: 44 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: 29 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: 28 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: 22 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: 9 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.

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