State Bank of India signed a loan agreement for 100 million euro with European Investment Bank. The funds will be used for lending to private businesses in the country. As per the agreement, the loan will be utilized to support the development of private sector, in particular small and medium-sized enterprises, social and economic infrastructure … [Read more...] about Economics Current Affairs – 17 January – 24 January, 2015
Current Affairs
Economics Current Affairs – 09 January – 16 January, 2015
Reserve Bank of India(RBI) cuts Repo Rate by 25 basis point. RBI has cut down Repo Rate by 25 basis points to 7.75 percent from 8 percent. RBI has unchanged Cash Reserve Ratio and kept it at 4.0 per cent of net demand and time liabilities (NDTL) while the Reverse Repo Rate has been adjusted to 6.75 per cent. Marginal standing facility (MSF) rate … [Read more...] about Economics Current Affairs – 09 January – 16 January, 2015
Basel Accords And Bank Capitals
The Basel Accords are the set of rules or agreements by Basel Committee on Bank Supervision (BCBS). It provides recommendations on banking regulation in regards to : 1) Capital Risk, 2) Market Risk, 3) Operational Risk. The purpose of the accords is to ensure that the financial institution has enough capital on account to meet obligations and … [Read more...] about Basel Accords And Bank Capitals
Economics Current Affairs – 01 January – 08 January, 2015
RBI to revise leverage ratio for banks from April 1, 2015 The Reserve Bank of India revised Leverage Ratio under Basel III norms for banks. The revised rates will be implemented from April 1, 2015.The leverage ratio (for banks) under the Basel III is defined as their capital measure divided by their exposure measure, with this ratio expressed … [Read more...] about Economics Current Affairs – 01 January – 08 January, 2015
Pradhan Mantri Jan Dhan Yojana
On 15th August 2014, in his 1st Independence Day speech, PM Mr. Narendra Modi, announced the National Mission on financial inclusion titled Pradhan Mantri Jan Dhan Yojana. Prime Minister launched the program in the National capital while simultaneously it was launched in other states and district headquarters. What is Financial … [Read more...] about Pradhan Mantri Jan Dhan Yojana
Oil Spill in Sunderbans
The largest tidal mangrove forest in the world, the Sunderbans, encountered an ecological catastrophe when it got tarnished by 350 tonnes of oil spill. Stretching approximately 10,000 square kilometres across India(40%) and Bangladesh (60%) , the incident took place in the Sundarbans region of Bangladesh.The oil spill in Sunderbans occurred due … [Read more...] about Oil Spill in Sunderbans