Current Affairs India - 28 November 2014 1. India has signed a Memorandum of Understanding (MoU) with Mozambique for cooperation in the field of oil and gas today. The MoU was signed in the presence of Minister of State for Petroleum and Natural Gas, Dharmendra Pradhan in New Delhi. The deal aims to improve cooperation in the areas of upstream and downstream oil and gas sector. Mozambique has recently become a hydrocarbon rich nation following offshore gas discoveries in two adjacent offshore blocks. 2. The Reserve Bank of India has issued final guidelines for payments and small banks yesterday with the aim of taking banking business accessible to more people and small businesses. The RBI plans to push financial inclusion by setting up small banks which can have better presence across the country and can accept deposits. This will help more entities to get new bank licences who had missed this opportunity in April this year.
Posted on: Sat, 29 Nov 2014 19:09:47 +0000
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