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RBI Governor Dr Raghuram Rajan has cut repo rate by 50 bps during its first bi-monthly monetary policy review meeting for fiscal year 2016-76 today. Repo rate, the rate at which RBI lends money to banks for the short term, was cut by 50 bps to 6.5% while the Reverse Repo Rate, the rate at […]

Continue reading about RBI cuts repo rate by 50 bps to boost growth during its monetary policy review today

 

Manas on March 26th, 2016

1. Mehbooba Mufti was elected Chief Minister of Jammu and Kashmir after a meeting held recently between her and Prime Minister Narendra Modi. With this she will also be the first woman chief minister of Jammu and Kashmir. 2. India’s own card payment service provider RuPay, owned by NPCI, has announced that it will enter into credit […]

Continue reading about Current Affairs India – 25-26 March 2016

 

Manas on February 25th, 2016

1. State-owned Punjab National Bank (PNB) has declared 904 borrowers as wilful defaulters who owed the bank total Rs. 10,869.71 crore as of December 2015. The list had 764 companies which owed the PSU bank Rs 9,200 crore. Key companies include Winsome Diamonds and Jewellery, which owes Rs.900.37 crore, Forever Precious Jewellery and Diamonds (Rs.747.98 […]

Continue reading about Current Affairs India – 25 February 2016

 

RBI Governor Dr Raghuram Rajan has kept key policy rates unchanged during its sixth bi-monthly monetary policy review meeting for fiscal year 2015-16 today. Repo rate, the rate at which RBI lends money to banks for the short term, was kept unchanged at 6.75% while the Reverse Repo Rate, the rate at which RBI borrows […]

Continue reading about RBI keeps repo rate unchanged at 6.75 percent during its monetary policy review today

 

Manas on February 2nd, 2016

1. The Companies Law Committee, set up in June 2015 to examine and suggest changes on issues pertaining to implementation of the Companies Act, 2013, has submitted its report to the Union Government. The Committee was chaired by Tapan Ray, Secretary, Ministry of Corporate Affairs. More than 2000 suggestions were received during the panel’s consultation […]

Continue reading about Current Affairs India – 2 February 2016

 

Manas on December 11th, 2015

Current Affairs India – 11 December 2015 1. Prime Minister Narendra Modireleased ‘On My terms’, an Autobiographyof former Union Minister and NCP Party President Sharad Pawar on the occasion of his 75th birthday at a function held at the Vigyan Bhavan in New Delhi. Eminent politicians and President Pranab Mukherjee attended the same event. 2. India’s Kartik Sawhney and Neha Swain have been […]

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Manas on December 6th, 2015

1. The Delhi Assembly has unanimously passed the Delhi Jan Lokpal Bill, 2015 for establishment of statutory anti-corruption ombudsman, known as Jan Lokpal. The Bill provides powers to Lokpal to act against any government functionary including those of the Centre and in the national capital territory (NCT) of Delhi through its own investigation wing. This was […]

Continue reading about Current Affairs India – 6 December 2015

 

RBI Governor Dr Raghuram Rajan has kept key policy rates unchanged during its fifth bi-monthly monetary policy review meeting for fiscal year 2015-16 today. Repo rate, the rate at which RBI lends money to banks for the short term, was kept unchanged at 6.75% while the Reverse Repo Rate, the rate at which RBI borrows […]

Continue reading about RBI keeps repo rate unchanged at 6.75 percent during its monetary policy review today

 

Manas on November 28th, 2015

1. India has successfully test-fired the ingeniously built nuclear-capable Agni-I missile this week from a test range off the Odisha coast. This Agni-I missile has a strike range of 700 km and can carry nuclear war head of more than 1 tonne. 2. The Karnataka State Tourism Development Corporation (KSTDC) and Department of Tourism of Karnataka have recently […]

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Manas on November 10th, 2015

1. Indian Government has taken s significant step towards economic reform today after relaxing Foreign Direct Investment norms in 15 major sectors of the economy to further boost the foreign direct in the country. These sectors include mining, civil aviation, defence, broadcasting, construction, manufacturing and private sector banking. The reforms including opening up more sectors […]

Continue reading about Current Affairs India – 10 November 2015

 

 

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