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RBI issued guidelines on implementation of Basel III Capital Regulations

Published on: 02-SEP-2014
Important for Exam: 26 people agreed

RBI issued guidelines on implementation of Basel III Capital Regulations.

Union Government relaxed onion import norms

Published on: 02-SEP-2014
Important for Exam: 3 people agreed

Union Government relaxed the import norms of Onion. It allowed fumigation in India up to 30 November 2014.

RBI asked banks to set time line to process loans

Published on: 02-SEP-2014
Important for Exam: 12 people agreed

To expedite credit decisions, RBI asked banks to set a timeline to process loans. However, RBI didn’t set any particular time frame for it.

Union Government to SC: It wants re-auction of all 218 coal blocks

Published on: 02-SEP-2014
Important for Exam: 10 people agreed

Government informed to Supreme Court that it wants to re-auction of all 218 the coal blocks declared illegal by it.

Union Government notified enhancing the social security cover limit under EPFO

Published on: 30-AUG-2014
Important for Exam: 96 people agreed

Union Government on 28 August 2014 notified enhancing the social security cover limit under the social security...

SEBI issued norms for sharing KYC details with financial regulators

Published on: 30-AUG-2014
Important for Exam: 47 people agreed

The Securities and Exchange Board of India (SEBI) on 30 August 2014 allowed sharing of Know-your-Client details with entities

India Signed agreement with World Bank for MSRPII project

Published on: 30-AUG-2014
Important for Exam: 73 people agreed

India signed Loan Agreements with World for IDA assistance Mizoram State Roads Project.

CBDT set up four-member Committee to scrutinize retrospective tax amendment

Published on: 29-AUG-2014
Important for Exam: 23 people agreed

The CBDT on 28 August 2014 set up a four-member high-level committee to scrutinize the retrospective tax amendments.

Cabinet Committee on Economic Affairs approved Urea Production from Naphta

Published on: 29-AUG-2014
Important for Exam: 27 people agreed

The Cabinet Committee on Economic Affairs  on 27 August 2014 approved the continuation of production of urea...

Union Government notified Securities Laws Amendment Act, 2014

Published on: 29-AUG-2014
Important for Exam: 18 people agreed

Government has notified Securities Laws Amendment Act that empowers SEBI to clamp down on illicit money-pooling schemes and arrest of defaulters.

Government approved swapping of Save Our Soul village land with AAI's land

Published on: 29-AUG-2014
Important for Exam: 8 people agreed

Union Cabinet meet chaired by Prime Minister approved the swapping of Save Our Soul (SOS) village land in Borjhar with the AAI airport land.

IRCTC launched new application to book tickets for Black Berry smartphone users

Published on: 29-AUG-2014
Important for Exam: 12 people agreed

IRCTC has launched a new application to book tickets for Black Berry smartphone users. The application is user friendly and easy to operate.

Union Cabinet announced to lift the restriction of one LPG cylinder per month

Published on: 28-AUG-2014
Important for Exam: 28 people agreed

Union Cabinet on 27 August 2014 announced to lift the restriction of one LPG cylinder per month per household....

DIPP notified Press Note 8 allowing 100% FDI in Rail infrastructure

Published on: 28-AUG-2014
Important for Exam: 32 people agreed

Department of Industrial Policy and Promotion (DIPP) under the Union Ministry of Commerce and Industry on 27 August 2014 notified Press Note 8

Union Finance Ministry ordered forensic audit of Dena bank and Oriental Bank of Commerce

Published on: 27-AUG-2014
Important for Exam: 38 people agreed

Union Finance Ministry on 20 August 2014 ordered a forensic audit of the state-run Oriental Bank of Commerce (OBC) and Dena Bank...

Union Cabinet approved hike in mining royalty rates on minerals

Published on: 27-AUG-2014
Important for Exam: 11 people agreed

The Union Cabinet on 20 August 2014 gave nod to increase the mining royalty rates with a few exceptions like coal, lignite

GST Panel decided to lower threshold limit for imposing GST to 10 Lakh rupees

Published on: 26-AUG-2014
Important for Exam: 24 people agreed

Goods and Services Tax (GST) Panel on 20 August 2014 decided to lower the threshold limit for imposing GST on entities to 10 lakhs rupees

CCI imposed penalty of 2545 crore rupees on 14 car makers for unfair practices

Published on: 26-AUG-2014
Important for Exam: 25 people agreed

CCI imposed a combined penalty of more than 2545 crore rupees on 14 car companies for unfair business practices in the spare parts market.

Textiles Ministry signed MoU with Flipkart to provide marketing platform to handloom weavers

Published on: 26-AUG-2014
Important for Exam: 22 people agreed

Union Textiles Ministry signed MoU with Flipkart to provide online marketing platform to handloom weavers to boost the sector.

Coal Blocks allocated from 1993 to 2010 are illegal: SC

Published on: 25-AUG-2014
Important for Exam: 24 people agreed

SC termed coal block allocated by screening committee from 1993 to 2010 as illegal. They were not fare & transparent.

RBI released its annual report 2013-14 suppressing the fear of drought

Published on: 22-AUG-2014
Important for Exam: 145 people agreed

The Reserve Bank of India released its Annual Report for 2013-14.

Union government issued draft rules to empower Forward Markets Commission (FMC)

Published on: 21-AUG-2014
Important for Exam: 31 people agreed

The Union government issued draft rules to empower the commodity markets regulator Forward Markets Commission (FMC).

Switzerland amended Federal Act on International Administrative Assistance in Tax Matters

Published on: 19-AUG-2014
Important for Exam: 29 people agreed

Switzerland in the first week of August 2014 amended Federal Act on International Administrative Assistance in Tax Matters. The Act governs...

Government re-launched Varishtha Pension Bima Yojana

Published on: 19-AUG-2014
Important for Exam: 135 people agreed

Union Government re-launched Varishtha Pension Bima Yojana for the benefit of citizens aged 60-year and above and provide financial security to them.

SEBI issued KYC Registration Agency (Second Amendment) Regulations, 2014

Published on: 12-AUG-2014
Important for Exam: 154 people agreed

SEBI KYC Registration Agency (Second Amendment) Regulations, 2014 issued by exercising the power conferred to it by Section 30 of SEBI Act, 1992.

RBI issued drafted guidelines for implementation of Bharat Bill Payment System

Published on: 08-AUG-2014
Important for Exam: 218 people agreed


The Reserve Bank of India (RBI) on 7 August 2014 issued draft guidelines for implementation of Bharat Bill Payment System

Union Cabinet raised the FDI limit in Defence sector from 26 percent to 49 percent

Published on: 07-AUG-2014
Important for Exam: 105 people agreed

Union Cabinet on 6 August 2014 raised the Foreign Direct Investment (FDI) limit in Defence sector from 26 percent to 49 percent.

Union Government granted Navratna Status to CONCOR

Published on: 05-AUG-2014
Important for Exam: 140 people agreed

Container Corporation of India Limited (CONCOR) accorded Navratna Status by the Department of Public Enterprises.

RBI canceled the Licence of The Vasavi Co-operative Urban Bank Ltd., Hyderabad

Published on: 02-AUG-2014
Important for Exam: 119 people agreed

RBI has cancelled licence of The Vasai Co-operative Urban Bank Hyderabad. The order has been made effective from the close of business on 14 July 2014.

CCEA approved sale of 10 million tonnes of wheat in Open Market to Check Prices

Published on: 30-JUL-2014
Important for Exam: 79 people agreed

The Cabinet Committee on Economic Affairs (CCEA) on 24 July 2014 approved the sale of 10 million tonnes of wheat from the FCI stock

RBI cancelled Certificate of Registration of six NBFCs

Published on: 29-JUL-2014
Important for Exam: 370 people agreed

RBI has cancelled certificate of registration of six NBFCs with which they cannot be able to conduct business of non-banking financial institution.

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