STATE BANK OF INDIA CLERK EXAM COACHING 9052142909 ADARSHA BANKING COACHING CENTER (ABC) GENERAL AWARENESS – ECONOMY MAY 2014 1.India became the second largest exporter of textiles in the world: UN Comtrade 2.RBI announced second Bi-Monthly Monetary Policy Statement 3.India became 2nd largest textiles exporter after China: UN Comtrade 4.CSO released Provisional and Quarterly Estimate of National Income for 2013-14 5.India signed loan agreement with World Bank for Sarva Shiksha Abhiyan III Union Government and the World Bank signed a loan agreement for World Bank (IDA) assistance of 1006.20 million US dollar for Sarva Shiksha Abhiyan III. 6.RBI tightened acquisition & merger rules for Non-Banking Financial Companies 7.Foreign Exchange Reserves increased by 15.5 billion US dollar in 2014: RBI 8.INR appreciated to 11-month high to become the best performing currency in Asia-Pacific region Indian rupee becomes the best performing currency in Asia-Pacific region against US dollar so far in 2014. 9.Singapore became the top source of FDI into India replacing Mauritius: DIPP Singapore became the top source of foreign direct investment (FDI) into India. 10.RBI permitted the banks to provide loans to exporters with 10 years tenure RBI allowed banks to provide loans with tenures of up to 10 years to exporters to help them ensure capital flows to fulfill long-term contracts 11.Indian Stock Market entered trillion dollar club based on m-cap Indian Stock Market entered trillion dollar club on 20 May 2014. 12.AFD extended 100 million euro Line of Credit to IREDA AFD extended Line of Credit of 100 million Euro to IREDA to be utilised for financing Renewable Energy and Energy Efficiency projects in India. 13.RBI directed all banks to install disabled friendly new ATMs RBI directed all new ATMs to be installed by commercial banks from July 2014 onwards would provide audible instructions and Braille keypads to customers. 14.RBI eased gold import norms under 20:80 Scheme The Reserve Bank of India allowed star houses (SRH) and premier trading houses (PTH) to import gold under the 20: 80 Scheme. 15.Bharatiya Mahila Bank included in Second Schedule of RBI Act, 1934 Bharatiya Mahila Bank included in the Second Schedule to the Reserve Bank of India Act, 1934 and became eligible for loans from RBI on bank rate. 16.Nayak Committee to Review Governance of Boards of Banks in India submitted its report to RBI The committee to review Governance of Boards of Banks in India on 13 May 2014 submitted its report to Reserve Bank of India (RBI). 17.Kasturirangan Task Force on Waste to Energy submitted its report to the Planning Commission Kasturirangan Task Force on Waste to Energy submitted its report on 14 May 2014 to the Planning Commission. 18.Plastic currency notes to be launched in 2015: Raghuram Rajan Governor of the Reserve Bank of India announced that plastic currency notes will be launched in 2015 after field trials in five cities. 19.India to become the third largest oil consumer by 2025: US EIA India will become the world’s third largest oil consumer by 2025 according to the US Energy Information Administration. 20.RBI allowed bank branches abroad to sell structured products RBI has allowed the overseas branches of domestic banks to offer structured derivatives even if the products are not allowed in India, at present. 21.Indian companies are not permitted to raise External Commercial Borrowings: RBI RBI in its notification barred eligible Indian companies from raising ECB from overseas branches/subsidiaries of Indian banks. 22.President of India launched Indigenous Card payment System Rupay President of India on 8 May 2014 launched Rupay, Indigenous Card payment System at Rashtrapati Bhawan in Delhi. Please visit adarshaeducation contact: 9052142909
Posted on: Sat, 14 Jun 2014 11:52:19 +0000