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RBI decided to issue 10 rupees coins to commemorate International Day of Yoga

Published on: 31-JUL-2015
Important for Exam: 20 people agreed

The reverse of the coin bears the logo of "International Day of Yoga", with inscription "सामंजस्य एवं शान्ति के लिए योग" in Devnagri Script and "YOGA FOR HARMONY AND PEACE" around the logo and design.

Union Cabinet approved setting up of National Investment and Infrastructure Fund

Published on: 30-JUL-2015
Important for Exam: 8 people agreed

The fund will have an initial corpus of 20000 crore rupees which can be leveraged by infrastructure companies and was proposed by the Union Finance Minister Arun Jaitley in his Budget 2015-16

BEE signed agreement with RECPDCL for Partial Risk Guarantee Fund for Energy Efficiency

Published on: 23-JUL-2015
Important for Exam: 8 people agreed

PRGFEE, an innovative financing mechanism under Framework for Energy Efficient Economic Development (FEEED), is one of initiatives under National Mission for Enhanced Energy Efficiency.

Union Government extended Interest Subvention Scheme to banks

Published on: 22-JUL-2015
Important for Exam: 28 people agreed

Cabinet also approved a Central Agricultural University at Samastipur and revival of Banana Research Centre at Goraul in Vaishali, Bihar.

Ministry of Railways modified few tatkal ticket booking rules

Published on: 18-JUL-2015
Important for Exam: 54 people agreed

Passengers booking tatkal tickets from computerised reservation counters will no longer be required to furnish photocopy of identity proof or to indicate its number at the time of booking at the counter or through internet.

RBI signed Special Currency Swap Agreement with the Central Bank of Sri Lanka

Published on: 18-JUL-2015
Important for Exam: 31 people agreed

Under the arrangement, the Central Bank of Sri Lanka can draw up to 1.1 billion US dollar for a maximum period of six months.

RBI permitted CBS-enabled Cooperative Banks to issue ATM cards in tie-up with a sponsor bank

Published on: 17-JUL-2015
Important for Exam: 18 people agreed

The decision is in addition to the earlier decision of the RBI to allow State Cooperative Banks (StCBs) to install offsite/ mobile ATMs as per their need and potential in their area of operation.

CCI imposed Rs 671 crore penalty on 4 state-run insurance companies

Published on: 17-JUL-2015
Important for Exam: 8 people agreed

The penalty was imposed for manipulating the bidding process initiated by Government of Kerala for selecting insurance service provider for Rashtriya Swasthya Bima Yojna.

Overall direct lending to farmers should not fall below average of past 3 years: RBI

Published on: 17-JUL-2015
Important for Exam: 7 people agreed

The target for direct lending by banks to agriculture under Priority Sector Norms stands at 18 percent out of total 40 percent target fixed under priority sector lending.

RBI constituted Deepak Mohanty Committee on Medium-term Path on Financial Inclusion

Published on: 16-JUL-2015
Important for Exam: 13 people agreed

The 14-member panel will be headed by RBI executive director Deepak Mohanty.

Union Government launched National Mission for Skill Development

Published on: 15-JUL-2015
Important for Exam: 5 people agreed

The Mission seeks to provide the institutional capacity to train a minimum of 300 million skilled people by the year 2022.

India’s first railway-line built under PPP model inaugurated in Gujarat

Published on: 15-JUL-2015
Important for Exam: 21 people agreed

The broad-gauge railway-line between Gandhidham and Tuna-Tekra Port in Gujarat has been built for M/s Kandla Port Trust (KPT) in coordination with Western Zone of Indian Railways.

Union Government decided to cap kerosene subsidy at Rs 12 per litre

Published on: 15-JUL-2015
Important for Exam: 9 people agreed

At present, kerosene is sold through public distribution system at 14.96 rupees per litre against the actual cost of 33.47 rupees. The difference of 18.51 rupees per litre is termed as under-recovery or revenue loss.

IT department launched OTP to e-file Income Tax

Published on: 14-JUL-2015
Important for Exam: 7 people agreed

This OTP will help in ending the practice of sending paper acknowledgement, called called ITR-V, through post to the I-T Central Processing Centre (CPC) based in Bengaluru.

RBI released Final Guidelines on PPI for Mass Transit System (PPI-MTS)

Published on: 10-JUL-2015
Important for Exam: 23 people agreed

The PPI-MTS will enhance commuter convenience and will also facilitate the migration to electronic payments in line with the country’s vision of moving to a less-cash society.

CCEA approved Scheme for Promotion of National Agricultural Market

Published on: 02-JUL-2015
Important for Exam: 21 people agreed

The scheme envisages creation of a common electronic platform regulated markets across the country with an outlay of 200 crore rupees from 2015-16 to 2017-18.

CCEA approved Pradhan Mantri Krishi Sinchayee Yoiana (PMKSY)

Published on: 02-JUL-2015
Important for Exam: 38 people agreed

The Yojana was approved with an outlay of 50000 crore rupees over a period of five years, that is, from 2015-16 to 2019-20

Union Government notified dates for Compliance Window under Black Money Act

Published on: 02-JUL-2015
Important for Exam: 25 people agreed

30 September 2015 is the date on or before which a person may make a declaration in respect of an undisclosed asset located outside India under the compliance provisions of Black Money Act.

Registrar General of India released Census data on disabled population

Published on: 01-JUL-2015
Important for Exam: 16 people agreed

The data gives the number of households having disabled persons by type of households including normal, institutional and houseless households.

Literacy rate 71 percent in rural areas, 86 percent in urban areas: NSSO survey

Published on: 01-JUL-2015
Important for Exam: 27 people agreed

Among the age group 7 years and above, the male literacy rate was registered at 83.2 percent vis-a-vis the female literacy rate of 67.1 percent.

Union Government hiked national floor-level minimum wage to 160 rupees per day

Published on: 30-JUN-2015
Important for Exam: 27 people agreed

The new rate will be effective from 1 July 2015.

RBI extended deadline for exchanging pre-2005 currency notes by 6 months

Published on: 26-JUN-2015
Important for Exam: 46 people agreed

The notes can be exchanged for their full value and all such notes will continue to remain legal tender.

RBI allowed AD Category-I Banks to borrow from International Financial Institutions

Published on: 26-JUN-2015
Important for Exam: 28 people agreed

Earlier, AD Cat-I Banks were allowed to borrow from IFIs/MFIs for a short period in 2013 with prior permission from the RBI on a case-by-case basis.

RBI released Financial Stability Report June 2015

Published on: 26-JUN-2015
Important for Exam: 15 people agreed

It is the eleventh issue of its half yearly publication.

UNCTAD released World Investment Report 2015

Published on: 25-JUN-2015
Important for Exam: 27 people agreed

The report delineated the investment trends at the global, regional and country level during 2014 and offered a comparative perspective across the space and time.

Union Cabinet approved renaming of SECI as Renewable Energy Corporation of India

Published on: 25-JUN-2015
Important for Exam: 14 people agreed

SECI was established in September 2011 for the promotion and commercialization of solar energy technologies.

Union Ministry of Finance issued Draft Proposals for Facilitating Electronic Transactions

Published on: 24-JUN-2015
Important for Exam: 7 people agreed

The proposals are aimed at building a transactions history of an individual to enable improved credit access and financial inclusion, reduce tax avoidance and check counterfeiting of currency

FBIL overnight Mumbai Inter-Bank Offer Rate (MIBOR) to become effective from July 22

Published on: 24-JUN-2015
Important for Exam: 8 people agreed

The FBIL overnight MIBOR will be administered by the FBIL Board which will replace National Stock Exchange (NSE) and Thomson Reuters in administering the overnight rate benchmark.

SEBI relaxed the IPO norms for technological start-ups to raise funds from capital market

Published on: 24-JUN-2015
Important for Exam: 4 people agreed

It reduced the post-listing lock-in period for tech start-up promoters to six months, instead of three years for other IPOs.

EPFO made UAN mandatory for all employers under Employee Provident Fund Act, 1952

Published on: 23-JUN-2015
Important for Exam: 8 people agreed

The UAN facility that remains portable throughout the lifetime of an employee was launched by Prime Minister Narendra Modi in October 2014.

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