Current Affairs - July, 2014

Banks barred from trading in bonds for infrastructure lending: RBI

July 25, 2014No comments

According to the Reserve Bank of India, banks will not be permitted to trade bonds issued by other lenders for infrastructure lending that would be exempted from mandatory reserve requirements under the new guidelines issued by the RBI. The RBI recently allowed banks to issue bonds for infrastructure lending, but forbade them from holding each ..

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20th edition of Commonwealth Games begin at Celtic Park in Glasgow, Scotland

July 25, 2014No comments

The 2014 Commonwealth Games kicked off with a spectacular opening ceremony that witnessed some enchanting performances by singers Rod Stewart, Susan Boyle and violinist Nicola Benedetti at the Celtic Park, Glasgow (Scotland). The British Queen Elizabeth II declared the Games open after the enthralling opening ceremony that was participated by some 2,000 cast members and ..

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India will not support trade facilitation agreement at the WTO

July 25, 2014No comments

Upholding its earlier stance, India will not support a pact on Trade Facilitation Agreement (TFA) at the World Trade Organisation (WTO) till its concerns related to subsidies given for food procurement and food aid is suitably addressed. WTO members are expected to sign the protocol for an agreement on trade facilitation by July 31, 2014 as ..

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Joko Widodo wins Indonesian presidential polls

July 25, 2014No comments

Jakarta (Indonesia) Governor Joko Widodo has been declared the winner of the Indonesian presidential polls. He received around 53% of the total valid votes cast in the election. Indonesia’s General Elections Commission, known as the KPU, declared the final results of the polls. As per the results, Widodo won 53.15% of the nearly 133 million ..

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TCS is first Indian firm to achieve market capitalization of Rs 5 lakh crore

July 25, 2014No comments

India’s largest software services exporter, Tata Consultancy Services (TCS) became the first Indian company to achieve a market capitalization of Rs 5 lakh crore. In terms of market capitalization, TCS is followed by Oil and Natural Gas Corporation (ONGC) at Rs 3.5 lakh crore and Reliance Industries at Rs 3.3 lakh crore. The market capitalization ..

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