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In a surprise move, the Reserve Bank of India cut the repo rate, its short-term lending rate to banks, by 50 bps, to 6.75% with immediate effect today during its monetary policy review meet. At the same time it has cut reverse repo by 50 bps to 5.75% while kept the Cash Reserve Ratio unchanged […]

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Manas on September 16th, 2015

1. The Union Cabinet has approved a Scheme to boost social, economic and infrastructure development in rural areas. The government has earmarked over Rs 5,000 crore for the Scheme named as Shyama Prasad Mukherjee Rurban Mission, SPMRM. The Cabinet committee on Economic Affairs (CCEA) also approved setting up of committee to propose Exim bank scheme […]

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Manas on September 15th, 2015

1. India’s two institutes, IISC Bangalore and IIT Delhi has been ranked in the list of top 200 universities in the world as per the QS World University Rankings for the first time. New entrant IISc Bangalore is ranked 147th, while IIT Delhi has climbed is ranked 179th in this list. The top two ranks […]

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Manas on September 8th, 2015

1. Union Information and Broadcasting Minister Arun Jaitley launched the e-version of the 100 volumes of the Collected Works of Mahatma Gandhi (CWMG) in New Delhi. The works of Mahatma Gandhi compiled by a team of Scholars includes historic speeches of Gandhi, logical profiles of Gandhi’s life and thought, action and engagements. The CWMG project […]

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Manas on September 4th, 2015

1. Union Government has cancelled licence of NGO, Greenpeace India to receive foreign donations amid recent claims of not disclosing movement of its funds. The license was cancelled under Section 13 of Foreign Contribution Regulations Act (FCRA), 2011. Post this, Greenpeace India will be not able to receive any kind of foreign donations from its […]

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Manas on September 1st, 2015

1. The Central Government accepted the Justice AP Shah Committee report on the Minimum Alternative Tax, MAT on foreign institutional investors (FIIs), as announced by Finance Minister Arun Jaitley today. With this, government will not impose levy on FIIs prior to 1st April 2015. 2. Anjuly Chib Duggal has taken over charge as Secretary in […]

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Manas on August 30th, 2015

1. Petroleum and Natural Gas Ministry launched ‘SAHAJ’ online LPG connections in New Delhi today to give more convenience to the LPG customers. The facility will be simultaneously launched at other cities as well. The new system will be available on the websites of each oil company and the government’s LPG portal, Pahal. 2. New […]

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Manas on August 23rd, 2015

1. India’s High Commissioner to Singapore, Vijay Singh Thakur has received with the ‘Asian of the Year 2014′ award by leading Singapore daily on behalf of Prime Minister Narendra Modi this week. PM Modi was awarded with this award for his contribution towards India’s development. 2. Union government has announced to sell 10% stake in […]

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Manas on August 19th, 2015

1. The Reserve Bank of India has granted in-principle approval to 11 payment banks applicants under the Guidelines for Licensing of Payments Banks.The central bank has approved applications of Aditya Birla Nuvo Limited, Airtel M Commerce Services Limited, Cholamandalam Distribution Services Limited, Department of Posts, Fino PayTech Limited, National Securities Depository Limited, Reliance Industries Limited, […]

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Manas on August 18th, 2015

1. President Pranab Mukherjee’s wife and India’s first lady Suvra Mukherjee passed away at New Delhi on 18th August after suffering brief illness. She was 74. She was a talented painter and well-accomplished in Rabindra Sangeet. She has authored two books, Chokher Aloey, an account of her close interaction with Indira Gandhi and Chena Achenai […]

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