DOWNLOAD PDFCURRENT AFFAIRS 7th Feb., 2015
1. Centre will notify the adoption of the proposed Indian Accounting Standards (Ind AS) by March. Ind AS is the converged Indian version of the International Financial Reporting Standards (IFRS) and will come into effect for the first time in 2016-17. Listed companies with a net worth of over Rs. 500 crore are mandated to follow Ind AS in the first year.
2. Fitch group company suggested Centre that it should create new public sector undertakings (PSUs) as it was leveraging those that were set up in the 1950s through the current divestment process. The new PSUs will help future governments to control their fiscal requirements and creates head-room for investment for demand to pick-up.
3. Prime Minister Narendra Modi is expected to announce an inter-state committee of secretaries to monitor major infrastructure projects at the first meeting of the NITI Aayog governing council. He is also likely to lay down the road map on transfer of central funds to state governments after the disbanding of the Planning Commission.
4. LCA-NP2, the second prototype of the Navy version of the Light Combat Aircraft, flew for the first time on 07-02-2015. It took off from the Hindustan Aeronautics Ltd runway at 12.27 p.m. and flew for about 35 minutes,
5. Reserve Bank of India (RBI) has decided to keep open the repayment and early redemption for retail inflation-linked bonds till the next coupon date to attract investors. These bonds were launched in December 2013 and linked to Consumer Price Index based inflation.
CURRENT AFFAIRS 6th Feb., 2015
1. Bank of Maharashtra launched its new mobile banking application - MahaMobile in Ahmedabad. MahaMobile application will enable its customers to view all their deposit and loan accounts, do fund transfers, bill payments and raise a variety of service requests on their mobile anytime, anywhere.
2. Banks have suggested issuance with varying maturities rather than only 10-year papers to broaden investor interest in state government bonds. Banks have also proposed that state governments buy back some old papers and re-issue under the borrowing programme to increase liquidity.
3. Securities and Exchange Board of India allowed Foreign Portfolio Investors (FPIs) to invest their coupons received on investments in government securities back into such bonds. These investments would be allowed even after FPIs have fully utilised the applicable limits of $30 billion.
4. Asia must focus on building inclusive, green and resilient cities, said Takehiko Nakao, President, Asian Development Bank (ADB). He was speaking on ‘Solutions for Inclusive, Green and Resilient Cities’ at the Delhi Sustainable Development Summit. ADB is firmly committed to supporting India’s 100 smart cities project.
5. RBI released the final guidelines for enabling banks to have unhindered credit flow to sectors such as infrastructure, power during difficult times. It is called Countercyclical Capital Conservation Buffer (CCCB) which is a system where banks save up on good days for tough times. It also aims to reduce the overexposure of the banking system during good times, as banks have been found to lend excessively and often carelessly when the going is good.
1. Centre will notify the adoption of the proposed Indian Accounting Standards (Ind AS) by March. Ind AS is the converged Indian version of the International Financial Reporting Standards (IFRS) and will come into effect for the first time in 2016-17. Listed companies with a net worth of over Rs. 500 crore are mandated to follow Ind AS in the first year.
2. Fitch group company suggested Centre that it should create new public sector undertakings (PSUs) as it was leveraging those that were set up in the 1950s through the current divestment process. The new PSUs will help future governments to control their fiscal requirements and creates head-room for investment for demand to pick-up.
3. Prime Minister Narendra Modi is expected to announce an inter-state committee of secretaries to monitor major infrastructure projects at the first meeting of the NITI Aayog governing council. He is also likely to lay down the road map on transfer of central funds to state governments after the disbanding of the Planning Commission.
4. LCA-NP2, the second prototype of the Navy version of the Light Combat Aircraft, flew for the first time on 07-02-2015. It took off from the Hindustan Aeronautics Ltd runway at 12.27 p.m. and flew for about 35 minutes,
5. Reserve Bank of India (RBI) has decided to keep open the repayment and early redemption for retail inflation-linked bonds till the next coupon date to attract investors. These bonds were launched in December 2013 and linked to Consumer Price Index based inflation.
CURRENT AFFAIRS 6th Feb., 2015
1. Bank of Maharashtra launched its new mobile banking application - MahaMobile in Ahmedabad. MahaMobile application will enable its customers to view all their deposit and loan accounts, do fund transfers, bill payments and raise a variety of service requests on their mobile anytime, anywhere.
2. Banks have suggested issuance with varying maturities rather than only 10-year papers to broaden investor interest in state government bonds. Banks have also proposed that state governments buy back some old papers and re-issue under the borrowing programme to increase liquidity.
3. Securities and Exchange Board of India allowed Foreign Portfolio Investors (FPIs) to invest their coupons received on investments in government securities back into such bonds. These investments would be allowed even after FPIs have fully utilised the applicable limits of $30 billion.
4. Asia must focus on building inclusive, green and resilient cities, said Takehiko Nakao, President, Asian Development Bank (ADB). He was speaking on ‘Solutions for Inclusive, Green and Resilient Cities’ at the Delhi Sustainable Development Summit. ADB is firmly committed to supporting India’s 100 smart cities project.
5. RBI released the final guidelines for enabling banks to have unhindered credit flow to sectors such as infrastructure, power during difficult times. It is called Countercyclical Capital Conservation Buffer (CCCB) which is a system where banks save up on good days for tough times. It also aims to reduce the overexposure of the banking system during good times, as banks have been found to lend excessively and often carelessly when the going is good.
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