Page-6 of Current Affairs - September, 2013

Moody's lowers SBI's debt and local currency rating to junk

Global rating firm, Moody’s Investors Service, has downgraded State Bank of India’s senior unsecured debt and local currency deposit ratings to Baa3 or lowest investment grade rating from Baa2 and altered the outlook on SBI’s financial strength rating to negative from stable as the economic slowdown impacts bank’s credit quality. Why did Moody’s downgrade SBI’s rating? ..

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Three members of National Ganga River Basin Authority resign

Three expert members- Rajendra Singh, Ravi Chopra and Rashid Siddiqui resigned from the National Ganga River Basin Authority (NGRBA) which was set up with the objective of protecting the Ganga from pollution and overuse.  The members were disquieted over the fact that the National Ganga River Basin Authority has not met since April 2012, especially ..

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Govt of India launches Jiyo Parsi scheme

With the aim to contain the dwindling population of Parsis in India, the Jiyo Parsi scheme has been launched by the Ministry of Minority Affairs, Government of India. What is Jiyo Parsi scheme? Jiyo parsi scheme has the objective of reversing the declining trend of Parsi population by adopting scientific protocol and structured interventions, stabilize ..

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Grameen Bank (Bangladesh) to be brought under Central Bank jurisdiction in Bangladesh

The Grameen Bank, the Nobel Peace Prize winning microcredit organization of Bangladesh, will be brought under the control of country’s central bank to give the authorities more powers over the organization. The decision by the government follows the recommendations of government-sponsored Grameen Bank Commission, which suggested bringing the bank under the regulatory control of either ..

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Union Government launches Seekho Aur Kamao (Learn and Earn) Progrmme

Union Ministry of Minority Affairs, Government of India launched Seekho Aur Kamao (Learn and While) Scheme for Skill Development of Minorities. What are the key objectives of the scheme Learn and Earn? The main objectives of this scheme are: Reduce the unemployment rate of minorities during 12th Plan period (2012-17). Conserve and update traditional skills ..

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