Fact Box: White Label ATMs

RBI gives nod to Muthoot Finance to set up White Label ATMs Indian gold loan company Muthoot Finance Ltd has obtained the RBI’s in-principle approval to set up the white label ATMs,as the government seeks to take financial services to the remote regions of the country. What are White Label ATMs? ATMs set up and run ..

Month: Current Affairs - June, 2013

Topics: Current Affairs 2013 • Fact Box • IBPS • Insights • RBI

Train service linking Banihal in Jammu to Qazigund in Kashmir launched

PM Manmohan Singh and UPA chairperson Sonia Gandhi flagged off the first train connecting Banihal in Jammu region with Qazigund in Kashmir Valley. It was the first train to pass through 11 km tunnel through Pir Panchal Range. About Banihal-Qazigund Rail Service: The 18-km Banihal-Qazigund section, which includes an 11-km long Pir Panchal Range tunnel, the country’s longest, reduces the ..

Month: Current Affairs - June, 2013

Topics: Banihal-Qazigund tunnel • Current Affairs 2013 • Jammu and Kashmir

US to provide $150,000 for Uttarakhand flood relief via USAID

US secretary of state John Kerry reached out to India over the Uttarakhand disaster on Sunday as the US announced $150,000 through the United States Agency for International Development (USAID) to non-governmental organizations working in the most-affected areas. About USAID: The United States Agency for International Development (USAID) is the United States federal government agency primarily responsible for administering civilian foreign aid. USAID seeks to “extend a ..

Month: Current Affairs - June, 2013

Topics: Current Affairs 2013 • India-International Relations • India-US • India-USA • Socio-Economic • US • USA

Obama nominates James Comey as next FBI director

The US President Barack Obama nominated James Comey as the next FBI (Federal Bureau of Investigation) Director. James Comey has been a registered Republican and former Justice Department official under President George W. Bush. The US senate is yet to confirm his nomination. He is likely to take charge from the outgoing Robert Mueller who held the post ..

Month: Current Affairs - June, 2013

Topics: Current Affairs 2013 • US • USA

India: World’s 3rd most attractive FDI destination

As per the World Investment Report 2013 by the United Nations Conference on Trade and Development (UNCTAD), India is world’s third most attractive destination for investment by Transnational Corporations (TNCs) during 2013-15. In the survey based on responses of 159 companies, India has been positioned after China and United States. Thus India has retained its ..

Month: Current Affairs - June, 2013

Topics: Current Affairs 2013 • Economy • FDI • IBPS • UN