Current Affairs for Bank Exams,SSC,RRB for the date 15.01.15 Reserve Bank of India Liquidity Adjustment Facility – Repo and Reverse Repo Rates: For all Scheduled Commercial Banks (excluding RRBs), Scheduled Urban Co-operative Banks and Standalone Primary Dealers, RBI reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 8.00 per cent to 7.75 per cent with immediate effect. Consequent to the change in the Repo rate, the Reverse Repo rate under the LAF reduced to 6.75 per cent. Bank Rate stands adjusted by 25 basis points from 9.0 per cent to 8.75 per cent with effect from January 15, 2015. Marginal Standing Facility (MSF) rate will stand adjusted to 8.75 per cent. Foreign Contribution (Regulation) Act, 2010 – Receipt of foreign contribution by Individuals / NGOs / Organisations from certain donors - Primary (Urban) Co-operative Banks (UCBs)/State and Central Co-operative Banks Under Section 46 of the Foreign Contributions (Regulation) Act, 2010, Ministry of Home Affairs (MHA), Government of India forwards a list of donor agencies which are placed under “prior permission category” and requests Reserve Bank of India to instruct all banks to ensure that any funds flow from these donor agencies to any individual/NGO/organization, should be brought to the notice of the Ministry of Home Affairs so that funds are allowed to be credited to the accounts of the recipient individual/ NGOs/ association only after clearance from the Foreigners’ Division, FCRA Wing, Ministry of Home Affairs(MHA), Government of India, New Delhi. Further, Government organisations can avail of foreign funding only with the clearance of Department of Economic Affairs and any instance of Government organisation receiving funds directly from the above mentioned donor agencies may be withheld and brought to the notice of MHA. Foreign Donor Agencies placed in Prior Permission Category Name of the Donor Agency 1.Danish International Development Agency (DANIDA) 2.Danish Institute of Human Rights (DIHR) 3.Catholic Organization for Relied and Development Aid (CORDAID) 4.Dan Church Aid (DCA) 5.Mercy Corps, USA 6.Inter Church Peace Council _ Pax Christi (IKV- PC) , Netherlands 7.HIVOS, Netherlands 8.ICCO Stretegische Samenwerking (ICCO), Netherlands 9.Green Peace International 10.Climate Work Foundation (CWF), U RBI permitted banks to set up insurance joint ventures on risk participation basis and also to undertake insurance business as agents of insurance companies on fee basis, without any risk participation by banks and their subsidiaries, consequent to the notification of Government of India specifying “Insurance” as a permissible form of business that could be undertaken by banks under Section 6(1)(o) of the Banking Regulation Act,1949. NATIONAL EVENTS Union Minister of Road Transport, Highways and Shipping Shri Nitin Gadkari launched a road safety website at the Ministerial Meet on “Status of Road Safety and Safe Mobility Initiatives in India”. The Minister also gave away Road Safety Awards to state organizations. The awardees included AP State Road Transport Corporation, Rajasthan State Road Transport Corporation, State Transport, Haryana, Odisha State Road Transport Corporation, Bangalore Metropolitan Transport Corporation and Nagaland State Transport. ECONOMY The World Bank has said that India will catch up with Chinas growth at 7 per cent in the year 2016-17. The World Banks forecast came as it released the Global Outlook: Disappointments, Divergences, and Expectations Global Economic Prospects in Washington. World Bank Chief Economist and Senior Vice-President Kaushik Basu told reporters that Indias economy has recovered in the wake of the economic reform measures taken by the new Indian government, falling oil prices and lower interest rates, due to which it will catch up with Chinas growth. He said, Chinas growth will remain high, but will begin to taper very gently, reaching 6.9 per cent in 2017. SPORTS Ace Indian shuttler PV Sindhu has entered the quarter-finals in the 120,000 dollar Malaysia Masters Grand Prix Gold badminton tournament. Two-time World Championship bronze medallist Sindhu, defeated South Korean Kim Hyo Min 21-14, 21-12 in 41 minutes to make the last eight stage. Andy Murray will join the ranks of World Number one Novak Djokovic, Roger Federer and Tomas Berdych as part of a fantastic four at the Dubai Duty Free Tennis Championship next month. Indian cricket teams new One-Day International kit, which the players will port in the triangular series in Australia starting tomorrow, was unveiled in Melbourne today. The Indian cricketers will be seen in their new striking ODI kit when they take on Australia in Melbourne on Sunday. The new light weight kit combines high performance innovation with sustainability. Each kit - jersey and bottoms - is made out of an average of 33 recycled plastic bottles. Indias ODI captain Mahendra Singh Dhoni said, the new uniform is light, comfortable and packed with innovation to help minimize distractions on the field of play and that is critical when millimeters make a difference between a game winning innings or wicket. Brett Lee to retire from all forms of cricket after BBL season Former Australia Test fast bowler Brett Lee announced that he will retire from all forms of cricket following the conclusion of the Big Bash League (BBL), thereby drawing curtains to his illustrious 20-year career. The 38-year-old pacer quit from international cricket in July 2012, but has continued to play Twenty20 cricket for Sydney Sixers at the domestic level in the BBL and the Indian Premier League. Indias Open water swimmer Bhakti sets world record in Antarctic Ocean Indias open water swimmer Bhakti Sharma has set a world record by swimming 1.4 miles in 52 minutes in one degree temperature in the Antarctic Ocean. She bettered the earlier record of British open water swimmer Lewis Pugh and American swimmer Lynne Cox. The 24-year old is now the first Asian girl and youngest in the world to have achieved this feat. Bhakti has been pursuing open water swimming for the last 10 years. She has now conquered all the five oceans of the world. She is also the winner of the Tenzing Norgay National Adventure Award BANKING AWARENESS FOR YOU Penal Interest: If the installments are not received as per the repayment terms, by the end of the month, the borrower will be charged interest on the installments delayed which is called as penal interest. PHRASAL VERB jumble up Meaning: If you jumble things up, you mix them up so that they are no longer in their proper order or formation. Synonym: mix up For example: If you dont write down the times and dates of your appointments, you might jumble them up. The cleaner has jumbled up all the files on my desk again, so now I cant find what Im looking for. ABOUT MALAYSIA CAPITAL: Kuala Lumpur CURRENCY: Malaysian ringgit GOVERNMENT: Federal Parliamentary Constitutional Monarchy, Elective monarchy KING: Abdul Halim
Posted on: Fri, 16 Jan 2015 19:18:34 +0000
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