Record fall in Indians’ money in Swiss banks

A significant decline was registered in the level of Indians’ money stashed in Swiss banks as it reached to a record low level of about Rs 9,000 crore (1.42 billion Swiss francs), as global pressure against the famed secrecy of Switzerland banking system made it unattractive for their global clients. As per official data released ..

Month: Current Affairs - June, 2013

Topics: Current Affairs 2013 • Economy • India-International Relations • Switzerland

Indians to pay Rs 2.7 lakh bond for UK visa

From November 2013, Indians above 18 years of age who are planning to visit Britain will have to pay a hefty fee of £3,000 as per the plans finalized by the British home office in a fresh crackdown on immigration abuse. The scheme will be applicable to visitors from 6 nations which include India, Pakistan, Bangladesh, Sri Lanka, Nigeria and Ghana which ..

Month: Current Affairs - June, 2013

Topics: Bangladesh • Current Affairs 2013 • India-International Relations • India-UK • Nigeria • Pakistan • Sri lanka

Saudi Arabia switches weekend to Friday-Saturday

As per a royal decree, Saudi Arabia will switch its weekend to Friday-Saturday to better serve its economy and “international commitments”. This move will make Saudi Arabia the last of the six-nation Gulf Cooperation Council (GCC)– which includes Bahrain, Kuwait, Oman, Qatar and United Arab Emirates – to abandon the Thursday-Friday weekend to be closer to the world’s Saturday-Sunday weekend. Saudi ..

Month: Current Affairs - June, 2013

Topics: Bahrain • Current Affairs 2013 • Oman • Qatar • Saudi Arabia • UAE

Edward Snowden leaves Hong Kong, arrives in Moscow

American whistleblower Edward Snowden who disclosed spying programmes of the US National Security Agency left Hong Kong where he had taken shelter to avoid arrest from the US and arrived in Moscow. He was helped by the whistleblowing organization WikiLeaks even as Washington is try hard to extradite him.  Hong Kong didn’t extradite him as ..

Month: Current Affairs - June, 2013

Topics: China • Current Affairs 2013 • Hong Kong • Russia • US • USA

RBI relaxed ECB norms for low cost housing projects

The RBI has eased the External Commercial Borrowing (ECB) norms for affordable housing projects by withdrawing the minimum capital requirement, and lowering total experience to three years, while extending the scheme till next financial year. As per RBI notification: Developers or builders should have a minimum of 3 years’ experience in undertaking residential projects as ..

Month: Current Affairs - June, 2013

Topics: Current Affairs 2013 • IBPS • RBI