Page-2 of GKToday Archives: November, 2013

Japan to discontinue rice subsidies as it overhauls agriculture

November 28, 2013

Japanese government is considering phasing out its over four decades old rice subsidy scheme–“gentan” production adjustment system by March 2019. The system was designed to reduce excess crops as part of government’s programme to bring reforms in agriculture sector. What ..

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RBI directs banks to charge for SMS alerts on actual usage basis

November 28, 2013

As per a notification by the Reserve Bank of India (RBI), banks have been directed charge customers for transaction SMS alerts on the basis of usage, instead of imposing a fixed fee. The central bank has advised all the banks to ..

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'Operation Oliver' to conserve vulnerable turtles

November 27, 2013

The Coast Guard in Odisha has launched ‘Operation Oliver’ as part of its annual mission to ensure the safe mid-sea visit of breeding Olive Ridley sea turtles in Gahirmatha marine sanctuary area of the State. The operation is being conducted ..

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RBI extends infrastructure sector lending sub-category to include hotels and convention centres

November 27, 2013

As per a notification released by the Reserve Bank of India, the definition of infrastructure lending has been extended to include hotels with project costing more than Rs. 200 crore anywhere in India and of any star rating as well as convention ..

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“Selfie”: Oxford Dictionaries' Word of the Year 2013

November 27, 2013

The word “selfie” has been recognized by the Oxford Dictionaries as the Word of the Year 2013. As per Oxford Dictionaries’ language research, use of the word, has surged 17,000% since this time last year – when “GIF” was conferred the ..

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RBI’s special dollar swap facility receives over $25 billion

November 27, 2013

According to Reserve Bank of India (RBI), over $25 billion has been collected from special concessional swap windows for deposits by non-resident Indians and overseas foreign currency borrowings by banks. The swap windows for Foreign Currency Non-Resident (Bank) FCNR (B) ..

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