Page-7 of Current Affairs - September, 2012
Andy Murray defeated Novak Djokovic in the US Open men’s singles to become first British man to clinch the championship after 76 years. Before this, Fred Perry was the British player to capture a grand slam in US Championship in 1936. Murray had recently won Olympic Gold medal in Men’s singles and a silver medal ..
Vitali Klitschko of Ukraine defeated Manuel Charr of Germany to retain his WBC heavyweight title. The medical team and the referee stopped the bout 56 seconds before the end of the fourth round after witnessing a cut mark on the opponent’s eye, the German Manuel Charr, 27.
The National Housing Bank (NHB) is targeting disbursal of Rs 4,000 crore for rural housing during the fiscal 2013, a growth of 33 % over fiscal 2012. The enhancement in the amount will encourage the provision of housing finance to target groups in rural areas, a move towards extenuating the housing shortage in rural areas ..
The Prime Minister’s Economic Advisory Council Chairman, C Rangarajan, has opined to reduce the use of CRR and suggested that it should be used only in extraordinary circumstances. As per him, the need for using it reduces with the option of Open Market Operations (OMOs) already in place. Cash Reserve Ratio which is abbreviated as ..
Topics: Central bank • Economy • Financial services • Interest rate • Market liquidity • Monetary base • Monetary Policy • Monetary policy of India • Money • Money Supply • Open market operation • Repurchase agreement
As per National Payment Corporation of India (NPCI), RuPay cards will be acceptable at all PoS (Point of Sales) terminals in the country from January, 2013. What are RuPay cards? RuPay card is a domestic debic card, launched by NPCI in April 2011. The card provides a platform to carry out electronic transactions at PoS ..
Topics: Banking in India • BharatQR • Credit card • Debit cards • Finance • Financial services • Interbank networks • Money • National Payments Corporation of India • Payment systems • RuPay • Visa Inc.