Current Affairs for Bank Exams,SSC,RRB for the date 21.01.15 & 22.1.15 FINANCE (BANKING/ INSURANCE) Banks will be liable to pay penalty for failing to remit government fund within the required time frame, the Reserve Bank said. Sri Lankan government announced setting up of a high-powered, multi-party committee to investigate corruption by the previous government. The Financial Intelligence Unit of Reserve Bank of India will assist this committee in investigations into irregularities and for unearthing fraudulent transactions. In Assam, militancy affected Chirang and Karbi Anglong are among the 10 districts that have achieved 100 per cent success under the Pradhan Mantri Jan Dhan Yojna. Old private sector lender RBL Bank (earlier known as Ratnakar Bank) has tied up with payments company TranServ to introduce bank-sponsored digital wallet called Shmart for online retailers in India. The Best Tech Savvy Bank – Runner Up award in MSME Banking Excellence Awards 2014 has gone to Karur Vysya Bank.The Chamber of Indian Micro Small and Medium Enterprises has constituted this award. Jarard Thomas, Deputy General Manager, New Delhi Division, received the award on behalf of the bank from the Minister for Micro, Small and Medium Enterprises Kalraj Mishra Inter-Government Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA) The Securities and Exchange Board of India (SEBI) will soon be coming out with a new set of guidelines to curb the very high order-to-trade ratio taking place in algorithm trading. Export and Import of Indian Currency 1. Attention of Authorised Persons is invited to Regulation 8 of Foreign Exchange Management (Export and Import of Currency) Regulations, 2000, in terms of which, inter-alia, a person may take or send out of India to Nepal or Bhutan and bring into India from Nepal or Bhutan, currency notes of Government of India and Reserve Bank of India for any amount in denominations up to Rs.100/-. 2. With a view to mitigating the hardship of individuals visiting from India to Nepal or Bhutan, it has now been decided that, an individual may carry to Nepal or Bhutan, currency notes of Reserve Bank of India denominations above Rs.100/-, i.e. currency notes of Rs.500/- and/or Rs.1000/- denominations, subject to a limit of Rs.25000/-. 3. Authorised Persons may bring the contents of this circular to the notice of their constituents and customers. 4. Necessary amendments to Foreign Exchange Management (Export and Import of Currency) Regulations 2000 have been notified as Foreign Exchange Management (Export & Import of Currency) (Second Amendment) Regulations, 2014 in the Official Gazette vide G.S.R. Nos.907(E) dated December 22, 2014, a copy of which is annexed. 5. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. To learn more click the link below: shakthiiacademy/gk_daily
Posted on: Thu, 22 Jan 2015 19:03:30 +0000
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