Current Affairs - March, 2014

“Iwao Hakamada”- World's longest-serving death row-inmate freed by Japan

March 31, 2014

The Japanese court release of the World’s longest serving death row inmate, Mr. Iwao Hakamada (78), as the evidences used against him were probably made up. About Mr. Iwao Hakamada Nationality: Japanese. Japanese former professional boxer. Sentenced to death on ..

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President Pranab Mukherjee re-promulgated SEBI ordinance

March 31, 2014

President Pranab Mukherjee cleared the re-promulgation of the SEBI Ordinance that provides powers for SEBI Chairman to authorize Investigating Authority or any other officer of the regulator to conduct search and seizure under the SEBI Act and crack down on ..

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India's forex reserves near $300 billion mark

March 31, 2014

India’s foreign exchange reserves continued their rally for the fourth straight week, increased by $1.35 billion to 298.64 billion dollar on a surge in currency assets even though the reserve position with the IMF slid heavily. As per the data ..

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MoF: India's external debt at $426 billion in December, 2013

March 31, 2014

As per the quarterly report of Ministry of Finance (MoF), India’s external debt was at $ 426 billion – including the government’s debt of $ 76.4 billion in December 2013. The total external debt of $ 426 billion showed an ..

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Parthasarathi Shome panel for tax administration reform set up

March 31, 2014

In a bid to bring more credibility among tax payers and to streamline income tax procedures, the Union Government has set up a Tax Administration Reform Commission (TARC) comprising officials from public and private sector agencies.  About Tax Administration Reform ..

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SEBI extends time to implement FPI regulations to June 30, 2014

March 31, 2014

The market regulator, Securities and Exchange Board of India (SEBI) extended the time-frame for implementing new Foreign Portfolio Investor (FPI) regulations by three months to June 30, 2014. About new FPI regulations SEBI has divided FPIs into three categories as ..

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Bharatiya Mahila Bank sets up branch in Bihar

March 31, 2014

The Bharatiya Mahila Bank (BMB) set up its first branch in Patna, Bihar. The bank would cater to financial inclusion of women of all segments from Self-Help Groups to lower middle class women to High Networth Individuals with a basket ..

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2014 Ukraine crisis: UN General Assembly rejected Russian annexation of Crimea

March 31, 2014

The United Nations (UN) General Assembly refused to recognize Russia’s annexation of Crimea from Ukraine and passed a non-binding Resolution 68/262 that declared invalid Crimea’s referendum. In the 193-nation assembly, the resolution Supported by 100 United Nations member states that ..

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‘Kisan Card’ launched by Axis bank to facilitate easy agriculture lending to farmers through ATMs.

March 29, 2014

The private lender bank, Axis Bank launched an electronic Kisan Card on the RuPay platform, through which a farmer can withdraw up to Rs. 1 lakh per day from Automated Teller Machines ( ATMs) Purpose: To facilitate easy agriculture lending ..

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Amnesty International released Global death penalty report 2013

March 29, 2014

Amnesty International released the Global Death Penalty Report 2013 in London, with a call on governments who still killed in the name of justice to impose a moratorium on the death penalty with a view to abolishing it.  Highlights of ..

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