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
Current Affairs
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
Gujarat to get sea plane services
Gujarat will soon become the second state in the country to get sea plane services after Maharashtra. Mumbai’s Maritime Energy Heli Air Services (MEHAIR) Pvt. Ltd., which operates India’s first onshore seaplane services in Maharashtra, will soon launch regional amphibian aircraft services within Gujarat. The Department of Civil Aviation and … [Read more...] about Gujarat to get sea plane services
Telangana presents its first annual budget
India’s newly formed state, Telangana, presented its first annual budget on November 5th 2014. The budget was presented in the State Assembly by Finance Minister Mr. Etela Rajinder. A total expenditure of Rs 1,00,637 crore during 2014-15 has been proposed for the state. Major highlights of the Budget An expenditure of of financial year 2014-15, … [Read more...] about Telangana presents its first annual budget
Government to revive 23 DCCBs in four states
The Prime Minister of India Shri Narendra Modi gave a nod to launch a scheme for revival of 23 unlicensed District Central Co-Operative Banks in four states. These banks were on the verge of getting closed Under the Scheme, the total capital infusion required for revival of these 23 DCCBs would be Rs. 2375.42 crore. Out of this amount, … [Read more...] about Government to revive 23 DCCBs in four states