Current Affairs

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Page-8 of Current Affairs - May, 2014

RBI eases gold import to promote its export under its 20:80 formula

Star trading houses — big importers and exporters has been permitted by the RBI to import gold under its existing 20:80 scheme. Thus far, the facility was available to...

May 23, 2014

Bharatiya Mahila Bank included in second schedule to RBI Act 1934

Bharatiya Mahila Bank (BMB), India’s first all-women bank, has been included in the second schedule to the RBI Act 1934. With the inclusion in the second schedule or...

May 23, 2014

Naveen Patnaik takes oath as fourth time CM in Odisha

Naveen Patnaik was sworn-in as Chief Minister of Odisha for the fourth term in a row. Mr. Patnaik was administered the oath of office and secrecy by Governor S.C....

May 23, 2014

Pawan Chamling takes oath as Sikkim CM for fifth consecutive term

Sikkim’s Governor Shriniwas Patil administered the oath of office and secrecy to Pawan Chamling as Sikkim Chief Minister for the record fifth term in a row. In the...

May 23, 2014

Members of Planning Commission resign

Following the standard practice, all members of the Planning Commission (PC) including Deputy Chairman Montek Singh Ahluwalia and all the other members of the Commission submitted their resignations...

May 23, 2014

Anandiben Patel: First woman CM of Gujarat

Anandiben Patel (73) will succeed PM-designate Narendra Modi as the Chief Minister of Gujarat. Prior to her election as CM, she was state’s revenue minister.  Modi was the...

May 22, 2014

All banks need to install ‘talking ATMs” from July 1, 2014: RBI

As per the directions of the Reserve Bank of India (RBI), all banks will be required to make all new ATMs installed from July 1, 2014 as “talking ATMs” with Braille...

May 22, 2014

Flipkart acquires Myntra

India’s largest online retailer, Flipkart.com, acquired fashion e-retailer Myntra.com. While the exact size of the deal could not be ascertained, some reports estimate it to be of Rs...

May 22, 2014

RBI permits banks to provide loans to exporters for up to 10 years

Banks have been allowed by the RBI to give loans with tenures of up to 10 years to exporters to help them ensure capital flows to fulfil long-term...

May 21, 2014

Jitan Ram Manjhi sworn-in as Bihar Chief Minister

Jitan Ram Manjhi is the new Chief Minister of Bihar. He was administered oath of office and secrecy by Governor D.Y. Patil at a ceremony at the Raj...

May 21, 2014

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