Page-101 of IBPS

“An Uncertain Glory: India and its Contradiction” – A book by Jean Dreze and Amartya Sen released

July 21, 2013

In their book  “An Uncertain Glory: India and its Contradiction”, Amratya Sen along with Jean Drèze, have presented a view of the conditions of contemporary India with a collection of the wealth of revealing data. The book presents the booming ..

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Rs 25,000 crore window opened by RBI to help Mutual Fund industry

July 21, 2013

A special borrowing window of Rs 25,000 crore was opened by the RBI to help mutual funds industry over liquidity problems. The crisis occurred due to different merger schemes in the industry and profit booking. This facility will be made available ..

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NSE embarks to top slot as largest bourse globally for equity trades

July 21, 2013

As per World Federation of Exchanges (WFE) the National Stock Exchange (NSE) has again embarked its position as the world’s largest bourse in terms of volumes in equity trades. Even after a fall of 9.7% in its equity trades last month ..

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RBI calibrates MSF to ease rupee volatility

July 21, 2013

In the wake of continuing depreciation of rupee disturbing the monetary and fiscal calculations, the Reserve Bank of India (RBI), fine-tuned the Marginal Standing Facility (MSF) rate to 10.5% from previous 8.25%. This will be 300 basis points above the ..

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RBI penalizes 22 banks for violating KYC norms

July 21, 2013

The Reserve Bank of India (RBI) has fined 22 banks by imposing penalty for violating Know-Your-Customer (KYC) norms and anti-money laundering guidelines. The banks who have been fined include SBI, Bank of Baroda, Canara Bank and some other banks all ..

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British Government decorates Krishna Menon’s London home with blue plaque

July 20, 2013

In commemoration to V.K. Krishna Menon’s long and eventful association with London, the British government has decided to put up an English Heritage blue plaque at the house where he lived when he first moved to the city. Mahatma Gandhi, ..

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Veteran actor Pran passed away

July 18, 2013

Legendary Bollywood actor and Dadasaheb Phalake Award winner Pran Krishan Sikand (83), popularly known as Pran, passed away. About Pran Krishan Sikand: Born: February 12, 1920 in Ballimaran, Kotgarh Old Delhi,  into a wealthy Punjabi family. He won his first role in ..

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RBI directs oil firms to buy dollar from single PSU bank

July 17, 2013

In the current scenario of continuous down slide of the rupee against the dollar, the Reserve Bank of India, in a bid to cub this volatility, has ordered state-owned oil companies to purchase their dollar requirement from a single public ..

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Latvia gets approval to join Eurozone

July 15, 2013

The small Baltic nation of Latvia has been given approval from its European partners to become the 18th member of the eurozone from 2014. The ECOFIN council which is composed of the Economics and Finance Ministers of the European Union’s ..

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Telegram services in India come to an end

July 14, 2013

July 14, 2013 was the last day for the legendary 163-year old Telegram service in India. BSNL who had been providing this service terminated it on the account of losses in sustaining the service which had become redundant in the ..

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