Current Affairs - February, 2012

Current Affairs: February 22 – 29, 2012

Current Affairs 21 February 2012 Arunachal Pradesh completes 25 years of statehood The Union government announced several projects for the infrastructure development of Arunachal Pradesh, on the occasion of its completion of 25 years as a full-fledged state of India. Defense Minister announced raising of 2nd Battalion of Arunachal Scouts. He also announced the decision ..

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Achievements of the Indian Banking System

Strong Fundamentals: The IBA-FICCI-BCG Report (August 2011), says that India’s Gross Domestic Product (GDP) growth will make the Indian banking industry the third largest in asset size in the world by 2025′. This report gives a very hopeful picture of the Indian Banking Sector in times ahead. However, being largest is not enough – being ..

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Current Monetary Policy of Reserve Bank of India: 3rd Quarter Review 2011-12

Background: The Reserve Bank began exiting from the crisis driven expansionary policy in October 2009. Between January 2010 and October 2011, the Reserve Bank cumulatively raised the cash reserve ratio (CRR) by 100 basis points and the policy rate (the repo rate) 13 times by 375 basis points. This monetary policy response was calibrated on ..

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Regulatory Mechanism for Biodiversity sector soon

A regulatory mechanism in Biodiversity sector to be in place following the recommendations Objective: To safeguard public health and protect environment. Quality Control lab in Delhi has been asked to bring wider range of bio-technology products under its ambit to ensure that they are safe and meet the prescribed standards. Private sector requested to increase ..

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Current Affairs : February 6, 2012

Conforming to India’s steady stand on the Syria issue, support for UNSC draft resolution on Syria India gave its support for a UNSC draft resolution on Syria thus backing an AL (Arab League) peace plan for a Syrian-led political resolution. It is in confirmation with the India’s steady stand on the Syrian issue. Hardeep Puri ..

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