RBI hikes CRR for non-scheduled urban co-operative banks

The Reserve Bank of India (RBI) raised the Cash Reserve Ratio (CRR) for non-scheduled Urban Co-operative Banks (UCBs) by 100 basis points from 3% to 4%. The step will bring nonscheduled UCBs on par with scheduled primary urban co-operative banks. There are around 1,500 unscheduled UCBs in India. CRR is a part of a bank’s deposits that it ..

Month: Current Affairs - June, 2014

Topics: Current Affairs - 2017 • Current Affairs 2014 • IBPS • RBI

Sumitra Mahajan: Speaker of 16th Lok Sabha

Sumitra Mahajan (71) was elected Speaker of the 16th Lok Sabha unopposed. She has gained the honor of becoming the second woman presiding officer of the lower house after her predecessor Meira Kumar. Mahajan, the longest-serving woman MP, was elected after a motion moved by Prime Minister Narendra Modi and seconded by BJP leader L K ..

Month: Current Affairs - June, 2014

Topics: Current Affairs 2014 • IBPS

Bashar al-Assad retains Presidency of Syria

Syrian President Bashar al-Assad has been elected for a 3rd term in office. He won the recently held presidential polls by securing around 88% votes.  President Assad’s rivals- Hassan al-Nouri and Maher Hajjar, got 4.3% and 3.2% of the vote respectively. Earlier, the Supreme Constitutional Court had announced that some 11.63 million Syrians voted out ..

Month: Current Affairs - June, 2014

Topics: Current Affairs - 2017 • Current Affairs 2014 • General Election 2014 • IBPS • Syria

Vice Admiral Anil Chopra takes charge as the Western Naval Commander

Vice admiral Anil Chopra, took chanrge as the flag officer commanding-in-chief of the Western Naval Command (WNC). The ceremonial parade was held at INS Shikra, Mumbai. He succeeded Vice admiral Shekhar Sinha who took voluntary retirement on April 21, 2014. Previous to his appointment, Vice admiral Chopra was the director general Indian Coast Guard. Under his controls, ..

Month: Current Affairs - June, 2014

Topics: Current Affairs 2014 • IBPS • Navy

Quebec becomes first province to legalize Right-to-Die

Quebec province in Canada has become the first province to legalize doctor-assisted death as part of comprehensive end-of-life legislation. The National Assembly passed Bill 52, an Act respecting end-of-life care. The Bill was passed with 80% votes is favor. Those who voted against were all Liberals. The law stipulates the conditions in which a terminally ..

Month: Current Affairs - June, 2014

Topics: Canada • Current Affairs - 2017 • Current Affairs 2014 • IBPS