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NITI Aayog launched second version of India Energy Security Scenarios 2047

Published on: 28-AUG-2015
Important for Exam: 1 people agreed

The open source web based tool aims to explore a range of potential future energy scenarios for India, for diverse energy demand and supply sectors leading up to 2047.

Union Cabinet cleared 4 months extension for 7th Pay Commission

Published on: 27-AUG-2015
Important for Exam: 5 people agreed

The Sixth Pay Commission was implemented with effect from 1 January 2006, the fifth from 1 January 1996 and the fourth from 1st January 1986.

Bandhan Financial Services started operations as Scheduled Commercial Bank

Published on: 24-AUG-2015
Important for Exam: 30 people agreed

Bandhan was a Kolkata based Micro Financial Institution.

R Gandhi panel recommended conversion of UCBs into Regular Banks

Published on: 21-AUG-2015
Important for Exam: 18 people agreed

The High Powered Committee on Urban Co-operative Banks (UCBs) under the chairmanship of RBI Deputy Governor R Gandhi was constituted on 30 January 2015.

Prasar Bharti, Digital Television Russia inked MoU

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

The MoU is aimed at co-producing TV programmes, repackaging and dubbing popular programmes from the both countries.

RBI granted 'in-principle' approval to 11 Payment Banks applicants

Published on: 20-AUG-2015
Important for Exam: 26 people agreed

RBI's in-principle nod will be valid for a period of 18 months, during which time the applicants have to comply with the requirements under the Guidelines and fulfill the other conditions as may be stipulated by the Reserve bank.

Union Government advanced Budget 2016-17 preparations by over 2 months

Published on: 18-AUG-2015
Important for Exam: 3 people agreed

The Ministry said that in consonance with the objective of the government to have wider consultations with various stakeholders as well as to provide more time for planners, it has been decided to start the Budget exercise by middle of August 2015.

Union Government appointed two private sector professionals to head BoB, Canara Bank

Published on: 17-AUG-2015
Important for Exam: 20 people agreed

This is the first time that private sector professionals were appointed to head the Public Sector Banks (PSBs). Earlier, the heads of PSBs were selected from among the state-run banks or government officers.

RBI notified Interest Subvention Scheme 2015-16 of Union Government for banks

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

The central bank in its notification said that interest subvention of 2 percent per annum will be made available to public and private sector banks provided they lend short term credit at the ground level at 7 percent per annum to farmers.

India & World Bank signed agreement of US$ 308.40 Million for NCRMP-II

Published on: 12-AUG-2015
Important for Exam: 21 people agreed

The project aims at to reduce vulnerability to cyclone & other hydro-meteorological hazards of coastal communities in Goa, Gujarat, Karnataka, Kerala, Maharashtra and West Bengal.

Union Ministry for Minority Affairs launched Nai Manzil Scheme in Patna

Published on: 11-AUG-2015
Important for Exam: 19 people agreed

The scheme will address educational and livelihood needs of minority communities in general and muslims in particular as it lags behind other minority communities in terms of educational attainments.

BHEL commissioned 500 MW Thermal Unit at Vindhyachal STPS

Published on: 10-AUG-2015
Important for Exam: 19 people agreed

With the commissioning of this unit, BHEL has now commissioned seven sets of 500 MW each aggregating to 3500 MW, the highest by BHEL in a power project.

BHEL commissioned 500 MW unit of Vindhyachal Super Thermal Power Station

Published on: 08-AUG-2015
Important for Exam: 12 people agreed

With this unit, BHEL has now commissioned seven sets of 500 MW each aggregating to 3500 MW at Vindhyachal power station, which is the highest by BHEL in a power project.

RBI relaxed Branch Authorisation Policy to allow banks to merge or close branches in urban areas

Published on: 07-AUG-2015
Important for Exam: 13 people agreed

The banks should ensure that they continue to fulfill the role entrusted to these branches under the government sponsored programmes and Direct Benefit Transfer Schemes.

CBDT signed two unilateral Advance Pricing Agreements to usher in tax certainty

Published on: 06-AUG-2015
Important for Exam: 11 people agreed

With this, the CBDT has so far signed 14 APAs of which 13 are unilateral APAs and one is a bilateral APA.

BSNL’s proposal to hive its towers into a new company got approval from Union Cabinet

Published on: 06-AUG-2015
Important for Exam: 9 people agreed

The decision will help BSNL to realign its structure in the highly competitive telecom sector. It will also help the public sector company to unlock its tower assets and improve its financial position.

FICCI, ILO signed MoU to establish National Coordination Centre for SCORE Training Services

Published on: 06-AUG-2015
Important for Exam: 9 people agreed

The objective of the MoU is to draw a framework for coordination and cooperation between the ILO and AIOE/FICCI that will result in phase-wise capacity building of the ‘Centre’ in the national coordination of SCORE training services in India.

Union Cabinet approved direct release of wages into bank accounts of MNREGA workers

Published on: 06-AUG-2015
Important for Exam: 10 people agreed

The decision is aimed at further streamlining the flow of funds and to empower state governments to deliver entitlements as per the objectives of the Act.

India to produce at least dozen billionaires among start-ups by 2020: ASSOCHAM

Published on: 03-AUG-2015
Important for Exam: 7 people agreed

The paper said that India will be among the top among the Asian start-ups along with the Chinese and the South East countries.

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

Published on: 31-JUL-2015
Important for Exam: 71 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: 17 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: 30 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: 58 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: 37 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: 23 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: 9 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: 8 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: 14 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.

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