DOWNLOAD PDFCURRENT AFFAIRS 23rd Jan., 2015
1. Reserve Bank of India has asked commercial banks to display loan interest rates on their websites in order to enhance transparency for borrowers. RBI has also insisted that banks should also mention the total fees and charges applicable on various types of loans to individual borrowers.
2. European Central Bank took the policy leap by launching a government bond-buying programme which will pump hundreds of billions of new money into a sagging Euro zone economy. By September next year, more than euro 1 trillion ($1.14 trillion) would be created.
3. The Finance ministry is considering hiring candidates from private banks for the post of PSB chief executive officers and paying them market-linked salaries. It is a part of steps the government is taking to reform public sector banks (PSBs).
4. Government is exploring options to sell stake in Indian Oil Corporation (IOCL), Bharat Heavy Electricals (BHEL), National Aluminum Company (Nalco) and NMDC following the uncertainty over disinvestment in Oil and Natural Gas Corporation Limited (ONGC) and Coal India.
5. Saudi Arabia King Abdullah bin Abdulaziz passed away due to a brief illness. After the death of Abdullah bin Abdulaziz, his brother and Crown Prince Salman bin Abdulaziz Al Saud was named as the new king.
CURRENT AFFAIRS 24th Jan., 2015
1. India and the US signed a joint declaration for the next five years to support each other in the field of information and communications technology and electronics (ICTE). It will help US companies explore opportunities for collaboration among private and public entities under the ongoing India-US ICT Dialogue.
2. State Bank of India and European Investment Bank signed a loan agreement for €100 million to be utilised for on-lending to private businesses in India. This is the third tranche of a total loan sanction of €200 million by EIB.
3. State Bank of India and Ezetap, the mobile point-of-sale service provider has announced the availability of Chota ATM in Kerala. Chota ATM enables kirana store owners, taxi drivers, small businessmen, traders who are dealing with customers to turn their mobile device into both a cash withdrawal point as well as a credit/debit card payment terminal.
4. Four banks with loans to Financial Technologies (FTIL) have asked the high court to intervene in opposition to the Union government's proposal to merge National Spot Exchange (NSEL) with the FTIL. The merger proposal is to speed the repayment to investors of the Rs 5,600 crore on which NSEL had defaulted in July 2013.
5. Reserve Bank of India has provided banks more power to reschedule and restructure external commercial borrowing (ECB) of Indian companies. Banks have been empowered to make changes to the name of the ECB lender and modifications in the draw-down and repayment schedules.
1. Reserve Bank of India has asked commercial banks to display loan interest rates on their websites in order to enhance transparency for borrowers. RBI has also insisted that banks should also mention the total fees and charges applicable on various types of loans to individual borrowers.
2. European Central Bank took the policy leap by launching a government bond-buying programme which will pump hundreds of billions of new money into a sagging Euro zone economy. By September next year, more than euro 1 trillion ($1.14 trillion) would be created.
3. The Finance ministry is considering hiring candidates from private banks for the post of PSB chief executive officers and paying them market-linked salaries. It is a part of steps the government is taking to reform public sector banks (PSBs).
4. Government is exploring options to sell stake in Indian Oil Corporation (IOCL), Bharat Heavy Electricals (BHEL), National Aluminum Company (Nalco) and NMDC following the uncertainty over disinvestment in Oil and Natural Gas Corporation Limited (ONGC) and Coal India.
5. Saudi Arabia King Abdullah bin Abdulaziz passed away due to a brief illness. After the death of Abdullah bin Abdulaziz, his brother and Crown Prince Salman bin Abdulaziz Al Saud was named as the new king.
CURRENT AFFAIRS 24th Jan., 2015
1. India and the US signed a joint declaration for the next five years to support each other in the field of information and communications technology and electronics (ICTE). It will help US companies explore opportunities for collaboration among private and public entities under the ongoing India-US ICT Dialogue.
2. State Bank of India and European Investment Bank signed a loan agreement for €100 million to be utilised for on-lending to private businesses in India. This is the third tranche of a total loan sanction of €200 million by EIB.
3. State Bank of India and Ezetap, the mobile point-of-sale service provider has announced the availability of Chota ATM in Kerala. Chota ATM enables kirana store owners, taxi drivers, small businessmen, traders who are dealing with customers to turn their mobile device into both a cash withdrawal point as well as a credit/debit card payment terminal.
4. Four banks with loans to Financial Technologies (FTIL) have asked the high court to intervene in opposition to the Union government's proposal to merge National Spot Exchange (NSEL) with the FTIL. The merger proposal is to speed the repayment to investors of the Rs 5,600 crore on which NSEL had defaulted in July 2013.
5. Reserve Bank of India has provided banks more power to reschedule and restructure external commercial borrowing (ECB) of Indian companies. Banks have been empowered to make changes to the name of the ECB lender and modifications in the draw-down and repayment schedules.
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