Page-99 of IBPS

RBI lowers GDP growth to 5.7%

August 3, 2013

The GDP growth for the current fiscal has been fixed lower by the Reserve Bank of India’s professional forecaster’s survey. From the earlier estimation of 6% it has now been fixed as 5.7%. Forecast by RBI: The growth is expected to rise ..

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Weakening rupee is biggest risk to inflation: Subbarao

August 3, 2013

Duvvuri Subbarao, Governor of the Reserve Bank of India, stated that the declining of the rupee is the biggest risk to inflation. RBI left interest rates unchanged as it supports a battered rupee but it would roll back recent liquidity tightening ..

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CCEA to consider new definition of “Control” in FDI policy

August 3, 2013

The existing clause in the FDI policy states that a company owned and controlled by resident Indian citizens has the power to appoint majority of its directors in that company. Now the Cabinet Committee on Economic Affairs (CCEA) has decided ..

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RBI leaves key rates unchanged to curb the depreciation of Rupee

August 3, 2013

The Reserve Bank of India (RBI) kept the indicative policy (repo) rate unchanged at 7. 25 % and the Cash Reserve Ratio (CRR) at 4% in order to suppress the instability in the foreign exchange market. The RBI had brought ..

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Bollywood's Cop Jagdish Raj passed away

July 31, 2013

Jagdish Raj (85), a noted veteran actor passed away. Raj had the record of playing a police officer 144 times in various Bollywood films. He was an ideal police officer for generations in Indian films. About Jagdish Raj – The ..

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Jet-Etihad deal approved by FIPB with condition

July 31, 2013

The government gave a conditional clearance to Jet Airways to sell 24% stake to Abu Dhabi-based Etihad Airways for Rs. 2,058  crore after Etihad submitted an amended Shareholders Agreement (SHA) and Commercial Co-operation Agreement (CCA). Now, Jet-Etihad will have to ..

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Those who spend Rs. 3,000/month in a village are among top 5% in the country

July 31, 2013

As per the National Sample Survey Organisation (NSSO), an individual who spends over Rs. 2,886 per month in a rural area or Rs. 6,383 per month in an urban area is in the top 5% of the country. The top ..

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Significant decline in percentage of poverty in Odisha and Bihar

July 31, 2013

As per the recent data, in Odisha the proportion of people below the poverty line (BPL) declined from 57.2% in 2004-05 to 32.6% in 2011-12 which resulted in a decline of 24.6%. In Bihar the proportion of people below the poverty ..

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Kumar Mangalam Birla steps down from RBI Board

July 30, 2013

Kumar Mangalam Birla who was nominated as a member of the directors of the Central Board of the RBI in 2006 stepped down from RBI Board. Why did K.M.Birla stepped down from the RBI Board? To avoid any conflict of ..

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“George Alexander Louis”- Duchess of Cambridge gives birth to baby boy

July 28, 2013

Britain has a new future king after the Duchess of Cambridge gave birth to a baby boy. Britain’s Prince William and his wife Kate have named their son as “George Alexander Louis”. He will be known as Royal Highness Prince ..

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