Page-3 of Current Affairs - January, 2014

India Post to install 3000 ATMs,1.35 lakh mirco-ATMs by Sept 15, 2014

In a bid to start a commercial banking, India Post has drawn a plan to install approx 3,000 ATMs and 1.35 lakh micro-ATMs at the post offices across the country for savings account holders by September 2015. On this plan, India Post worked with software giant Infosys. Via interoperability, India Post will join the National ..

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Padma Awards 2014

President Pranab Mukherjee announced the names of Recipients of this year’s Padma awards. He approved conferment of 127 Padma Awards including one duo case (counted as one). Padma Awards, the country’s highest civilian awards, are conferred in three Categories viz. Padma Vibhushan, Padma Bhushan and Padma Shri. The list comprises two Padma Vibhushan, 24 Padma Bhushan ..

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Pitroda Committee recommends autonomy for Prasar Bharati

The Prasar Bharati Expert Committee, headed by technocrat Sam Pitroda, submitted its report to the Ministry of Information and Broadcasting. Recommendations of the Sam Pitroda committee Amend the Prasar Bharati Act 1990 to give effective freedom to the Prasar Bharti with administrative and financial powers. To give power to Prasar Bharati to frame rules and ..

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UoC became the first public university in the world to accept Bitcoin in tuition fees

The University of Cumbria in northwest England became the first public university in the world to accept the online currency Bitcoin as payment for fees. The acceptance of Bitcoin will initially be limited to the two programmes that address complementary currencies. These are the Certificate of Achievement in Sustainable Exchange, which will be taught from ..

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RBI reviewed norms on restructuring of advances by NBFCs

The Reserve Bank of India (RBI) issued norms for loans restructured by Non-Banking Finance Companies (NBFCs), to create a level-playing field between NBFCs and other commercial banks. The new norms are based on the recommendations of the Mahapatra committee. Till now, there were no specific guidelines laying down the rules of restructuring for NBFCs. Guidelines ..

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