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Manas on September 2nd, 2014

1. Nalanda University in Bihar’s Rajgir district was reopened after nearly 800 years as it started its first academic session yesterday. The ancient education institution was destroyed nearly 800 years ago. The University started its first session 2014-15 with the classes for the School of Ecology and Environmental Studies and the School of Historical Studies. […]

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Manas on August 22nd, 2014

1. The Central Government is all set of appoint Arvind Subramanian as the new Chief Economic Advisor (CEA). He is now the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics and senior fellow at the Centre for Global Development as its Chief Economic Advisor (CEA). He will succeed Dr. Raghuram Rajan who […]

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Manas on August 21st, 2014

1. Prime Minister Narendra Modi dedicated NTPC’s thermal power station at Mouda near Nagpur to the nation today. In his speech, he has given more importance to infrastructure for any nation to develop. He has also dedicated the Ranchi-Dharamjaygarh-Sipat 765 KV inter-regional power transmission line to the nation in Jharkhand earlier the day. This line […]

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Manas on August 14th, 2014

1. Parliament has given its final approval to the National Judicial Appointments Commission Bill, 2014 with the Rajya Sabha adopting the measure today. It was placed in Rajya Sabha today after getting approval from the Lok Sabha yesterday. Post this, Law Minister Ravi Shankar Prasad said that the six-member Commission will be able to select […]

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Manas on August 9th, 2014

1. The Reserve Bank of India (RBI) issued draft guidelines for implementation of Bharat Bill Payment System (BPPS), an anytime anywhere bill payment system. The proposed guidelines describe the basic requirements of operating the Bharat Bill Payment System (BBPS) which is intended for the implementation of a unified bill payment system across the country. It would enable […]

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Manas on August 7th, 2014

1. The 18th BASIC (Brazil, South Africa, India and China) ministerial meeting on climate change started from today onwards in Delhi. The two- day meeting is used to discuss important issues and aspects related to the current United Nations Framework Convention on Climate Change (UNFCCC) negotiations. Prakash Javadekar, Minister for Environment, Forest and Climate Change, Zhenhua, Vice […]

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Manas on July 30th, 2014

1. IAF chief Arup Raha, took over as the Chairman, Chiefs of Staffs Committee, from incumbent Gen Bikram Singh who is retiring on 31st July. The Chairman, Chiefs of Staffs Committee is the senior-most military officer in the country. He will hold the office for a period of 29 months and would probably be the […]

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Manas on July 28th, 2014

1. Anil Ambani group firm Reliance Power acquired the the entire hydro power portfolio of Jaiprakash Power for an estimated Rs 12,000 crore after Abu Dhabi National Energy Company (Taqa) pulled out from the company. Reliance Power pipped Adani Power’s Rs 11,700 crore offer to complete the acquisition to build a hydroelectric power house of […]

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Manas on July 23rd, 2014

1. The Reserve Bank of India has set out a framework today for identifying and dealing with large banks, termed domestic systemically important banks or D-SIBs. A size beyond 2% of GDP will be one of the criteria for identifying a bank as a D-SIB and it will be subject to higher capital requirements, as […]

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Manas on July 18th, 2014

1. The Reserve Bank has allowed Kotak Mahindra Bank to raise foreign investment limit under portfolio investment to 40%. The Reserve Bank of India’s (RBI) approval is on the condition that aggregate foreign investment will not exceed composite sectoral cap of 74%. Kotak Mahindra Bank has passed a resolution at board meeting and AGM for […]

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