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RBI signed an MoU on Supervisory Cooperation with Banco Central do Brasil

Published on: 28-JAN-2015
Important for Exam: 8 people agreed

RBI inked MoU on Supervisory Cooperation and Exchange of Supervisory Information with Banco Central do Brasil (BCB).

RBI simplified procedure for External Commercial Borrowings Policy

Published on: 24-JAN-2015
Important for Exam: 25 people agreed

The directions have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999. Changes are effected during the tenure of the ECB.

Shanta Kumar Committee on FCI restructuring submitted its report to the Prime Minister

Published on: 22-JAN-2015
Important for Exam: 39 people agreed

Shanta Kumar Committee on 21 January 2015 submitted its report on restructuring of Food Corporation of India (FCI) to the Prime Minister Narendra Modi.

ONGC inked MoC in Hydrocarbons and Energy with Pan-IIT

Published on: 20-JAN-2015
Important for Exam: 13 people agreed

In response to ‘Make in India’ initiative of Prime Minister, ONGC and Pan-IIT signed MoC to enhance exploration and exploitation of hydrocarbons and alternate sources of energy.

World Economic Situation and Prospects 2015 report released by UNESCAP

Published on: 20-JAN-2015
Important for Exam: 24 people agreed

UNESCAP released WESP 2015 report and projected that regional growth will pick up in 2015-16, as average GDP growth will accelerate from 5.0 percent in 2014 to 5.3 percent in 2015 and 5.7 percent in 2016.

CCEA approved revised buffer norms of foodgrains for better management of food stocks

Published on: 17-JAN-2015
Important for Exam: 2 people agreed

CCEA chaired by Prime Minister Narendra Modi on 16 January 2015 approved revision in buffer norms of foodgrains in the Central Pool.

Trade deficit of India declined to ten month low in December 2014

Published on: 16-JAN-2015
Important for Exam: 5 people agreed

Trade deficit of India declined to ten month low of 9.43 billion US dollars in December 2014.

RBI issued final guidelines for banks to act as Insurance brokers

Published on: 16-JAN-2015
Important for Exam: 12 people agreed

Final guidelines that allow banks to act as insurance brokers were issued by Reserve Bank of India on 15 January 2015.

Wholesale price Index-based Inflation raised 0.11 percent in December 2014

Published on: 16-JAN-2015
Important for Exam: 8 people agreed

The wholesale price index based inflation raised marginally to 0.11 percent in December 2014 from zero percent in November 2014.

RBI relaxed Forex Hedging Norms for Exporters and Importers

Published on: 15-JAN-2015
Important for Exam: 8 people agreed

The Reserve Bank of India (RBI) on 14 January 2015 relaxed the Forex Hedging Norms under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.

NFL, EIL and FCIL signed agreement to form Ramagundam Fertilizers and Chemicals Ltd

Published on: 15-JAN-2015
Important for Exam: 6 people agreed

The Joint Venture agreement is aimed at setting up new Ammonia and Urea plants at the existing site of Ramagundam Fertilizer plant in District Karimnagar in Telangana.

RBI cut Repo Rate by 0.25% in sixth Bi-Monthly Monetary Policy Statement 2014-15

Published on: 15-JAN-2015
Important for Exam: 46 people agreed

RBI cut its main lending rate (repo rate) by 0.25 per cent with immediate effect in its sixth Bi-Monthly Monetary Policy that was announced on 15 January 2015.

SEBI proposed easier norms for domestic mutual fund managers

Published on: 13-JAN-2015
Important for Exam: 20 people agreed

The proposed norms aimed to make it easier for domestic mutual funds to manage offshore pooled assets.

RBI and ECB signed MoU on cooperation in Central Banking

Published on: 13-JAN-2015
Important for Exam: 26 people agreed

Reserve Bank of India and the European Central Bank inked a memorandum of understanding (MoU) for cooperation in the field of central banking. The MoU provides a framework for regular exchange of information, policy dialogue and technical cooperation.

CSO released Quick Estimates of Index for Industrial Production for November 2014

Published on: 13-JAN-2015
Important for Exam: 8 people agreed

India’s Index of Industrial production (IIP) grew 3.8 percent in November 2014. IIP was released by Central Statistics Office of the Ministry of Statistics and Programme Implementation for the month of November with base 2004-05.

Nomura forecasted Indian Economic growth at 5.5 percent for FY 2015-16

Published on: 06-JAN-2015
Important for Exam: 31 people agreed

The firm also forecasted that Indian Economy will also recover in FY 2015-2016. The recovery is likely to get support from easing inflationary pressures and measures towards economic reforms.

Union Government aligned FDI policy with NIC 2008

Published on: 06-JAN-2015
Important for Exam: 21 people agreed

The foreign direct investment policy was aligned with the upgraded National Industrial Classification (NIC) code with an aim to improve the ease of doing business.

Union Cabinet approved 2G telecom spectrum auction targeted to fetch 64840 crore rupees

Published on: 06-JAN-2015
Important for Exam: 15 people agreed

The largest ever auction of Second Generation (2G) telecom spectrum is targeted to fetch around 64840 crore rupees from the sale.

RBI relaxed KYC rules for Non-Banking Financial Companies

Published on: 03-JAN-2015
Important for Exam: 60 people agreed

RBI amended KYC norms for NBFC’s, as they were facing practical difficulties and constraints in getting KYC documents at frequent intervals.

Department of Financial Services appointed MD and CEO of four Nationalised Banks

Published on: 31-DEC-2014
Important for Exam: 129 people agreed

The Department of Financial Services under the Union Ministry of Finance on 31 December 2014 appointed the Managing Directors (MD) and Chief Executive Officers of four Nationalised Banks.

Union Cabinet approved hike of government stake in IFCI to 51 percent

Published on: 30-DEC-2014
Important for Exam: 55 people agreed

Union Cabinet approved the hike of government stake in Industrial Finance Corporation of India (IFCI) ltd to 51 percent.

RBI liberalised norms for Overseas Direct Investment by Indian companies

Published on: 30-DEC-2014
Important for Exam: 29 people agreed

The liberalization of norms was part of series of amendment done by RBI from time to time in the Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004.

RBI released Financial Stability Report December 2014

Published on: 30-DEC-2014
Important for Exam: 24 people agreed

The Reserve Bank of India on 29 December 2014 released the Financial Stability Report December 2014. The report also includes the Trend and Progress of Banking in India during 2013-14.

Foreign Exchange Reserves of India reached 320 billion US dollars

Published on: 29-DEC-2014
Important for Exam: 22 people agreed

Foreign Exchange Reserves of India reached 320 billion US dollars on the back of a massive jump in foreign currency assets.

GAIL, CIL, RCF and FCI signed JV to set up Coal gasification-cum-fertiliser complex in Odisha

Published on: 26-DEC-2014
Important for Exam: 12 people agreed

Four PSUs signed joint venture agreements to set up an integrated coal gasification-cum-fertiliser and ammonium nitrate complex in Talcher, Odisha.

Union Cabinet approved promulgation of Ordinance hiking FDI in Insurance to 49 percent

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

Union Cabinet approved promulgation of an Ordinance to hike FDI cap in the insurance sector to 49 percent.

RBI extended deadline for withdrawal of pre-2005 currency notes to 30 June 2015

Published on: 24-DEC-2014
Important for Exam: 46 people agreed

The RBI extended the deadline for exchanging pre-2005 of various denominations till 30 June 2015. Earlier, the deadline was 1 January 2015.

WTCIS signed agreement with NIESBUD to promote small businesses

Published on: 23-DEC-2014
Important for Exam: 45 people agreed

WTCIS and NIESBUD on 22 December 2014 signed an agreement to promote and develop small businesses in the country.

Suresh Prabhu Advisory Group on Integrated Development of Power submitted report to Union Government

Published on: 23-DEC-2014
Important for Exam: 14 people agreed

Suresh Prabhu Advisory Group on Integrated Development of Power submitted report to Union Government.

RBI issued Guidelines to define Non-cooperative Borrower

Published on: 23-DEC-2014
Important for Exam: 36 people agreed

Reserve Bank of India on 22 December 2014 issued guidelines to define non-cooperative borrowers and fixed the cut off limit for classifying non-cooperative borrowers.

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