CURRENT AFFAIRS 13-14th Nov., 2014

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CURRENT AFFAIRS 14th Nov., 2014

1. Reserve Bank of India may allow small banks to have a pan-India presence as against its earlier draft guidelines that they can operate only in a few districts in a homogeneous cluster of states/Union Territories. This will encourage many players especially NBFCs to take the route.

2. India Post has been planning to apply for a payment bank license and also is keen to apply for universal banking license. The telecom ministry had supported India Post’s ambition to become a full-fledged bank but the finance ministry was not keen due to the government’s financial burden.

3. Government will launch a national innovation initiative Rashtriya Aavishkar Abhiyaan in schools to inculcate interest in mathematics and science. The initiative would be rolled out by next year. These measures will enable those who come up with innovative ideas to get the funding to turn their ideas into viable business models.

4. Deutsche Bank won Custodian of the Year 2014 award and the ‘Channel Islands Custodian of the Year 2014’ title. The awards were presented to Lisa Haggarty, Head of Custody and Fund Solutions for Deutsche Bank.

5. Neel Mukherjee's book “Lives of Others” is been shortlisted for Costa Book Awards under the Novel Award category. The award will be announced on 5 January 2015. The book is based upon the Naxalite movement of the 1960s and unfolds a family history.

CURRENT AFFAIRS 13th Nov., 2014

1. Securities and Exchange Board of India would enable a single consolidated view of all investments of every investor in mutual funds and securities held in demat form with depositories from March 2015. Consolidated Account Statement (CAS) for all securities would create one record for all financial assets of every individual.

2. Gujarat government has announced Electronic Policy (2014-2019) envisaging investment of USD 6 billion for the sector and generation of employment opportunities for half a million people by 2020. The government will also to set up 'Gujarat Electronics Mission' under the new policy.

3. Centre has set up a high-level inter-ministerial panel to ensure smooth allocation of 204 cancelled coal blocks. The nine-member Inter-Ministerial Committee will be chaired by Additional Secretary Coal and has members from the ministries like power, steel and law.

4. Securities and Exchange Board of India is to amend its regulations on restrictions on wilful defaulters. It may bar the borrowers with a wilful defaulter tag from raising funds from the market for three years. At present, the Reserve Bank of India (RBI) and CIBIL communicate the list of wilful defaulters to SEBI.

5. A global panel of industry experts identified 100 of the world’s most innovative and impactful infrastructure projects. Six infrastructure projects in Delhi and Gujarat figure among the 100 most innovative infrastructure investments in the world. It includes Delhi Metro, Yamuna Expressway, Mundra Ultra Mega Power Project and Narmada Canal Solar Project.