JANUARY + 15th FEBRUARY - Banking and Financial Awareness
1 new video daily high level quant + reasoning questions special focus on Computer awareness +
Banking awareness
SBI PO/CLERK 2017
Call 95-8004-8004
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Securi5esandExchangeBoardofIndia(Sebi)relaxeditsrulesforinvestmentbyangelfunds
Lock-inrequirement=threeyearstooneyearMinimuminvestmentthreshold=Rs50lakhtoRs25lakh
UPPERlimitfornumberofangelinvestorsinaschemeincreased
from49to200AmendmentstoSebi(Alterna5veInvestmentFunds)Regula5ons,
2012
Angelfundswillbeallowedtoinvestinstart-upsincorporatedwithinfiveyears,whichwasearlierthreeyears
Alterna5veInvestmentPolicyAdvisoryCommiUee(AIPAC)-
chairmanshipofN.R.NarayanaMurthy.
TheReserveBankofIndia(RBI)hasagreedtoprovideRs1billioninRs100denomina5onnotestoNepal
RastraBank(NRB)toeasetheacuteshortageofRs100notesfacedbyNepal
HundredsofthousandsofNepalese,whoearnalivingbyworkingasdaily-wagelabourersinIndia,visitIndiaseekingmedicaltreatmentorrelyonIndianmarketstopurchasedailyessen5als,weresaidtobeholding
bigchunkofscrappedIndianbanknotes.
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State-runUCOBankhaslaunchedits‘UCO Suvidha PrepaidCard’.
R.K. Takkar,MD&CEO,UCOBank
alterna?vetocash,canbeusedforcash
withdrawals,purchaseatPointsofSale(POS)or,overtheInternet.
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IRA-IntelligentRobo5cAssistantHDFCBanklaunchedthefirst‘humanoid’inthe
domes5cbankingspaceCityUnionBanklastyearintroducedrobot‘Lakshmi’Automa?onthreatens69percentofthejobsinIndia,
while77percentinChina,accordingtoaWorldBankresearch
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MoneyTap,aBangalore-basedfintechstartup,haslaunchedIndia’sfirstapp-basedcreditline,
havingZeroPaperTMtechnology,whichenables100%paperlessprocessingofits
customerapplica5ons.
IndiaPostPaymentsBank(IPPB)launchedRaipurandRanchi-firsttwobranches
Plan–650branches
Paymentsbanksacceptlimiteddepositsandofferpayment
servicesbutdonotofferloans,unlikecommercialbanks.
“Paymentsbanksmightposeachallengetotradi5onalbanksforsmallamountdepositsduetoloweroverheadcost,”finance
ministerArunJaitleysaidattheIPPBlaunch.“Morethan155,000postofficesofIndiaPostwillnowstartopera5ngaspayment
banksandprovetobegamechangerforfinancialinclusioninthecountry.”
A.P.Singh,interimmanagingdirectorandchiefexecu5veofficerofIPPB
3typesofaccounts-Safal-theregularaccount
Sugam-abasicsavingsbankdepositaccountSaral-BSBDA-Small
Nominimumbalancerequirements.
BothSafalandSugamneedKYC(knowyourcustomer)andminimumageof10years,butSaralcanbeopenedbyanyoneabovetheageof10years
withoutKYCInterestrateshavebeenfixed
4.5%ifthequarterlyaveragebalanceisuptoRs25,0005%ifitisbetweenRs25,000andRs50,000
and5.5%ifaboveRs50,000.
Therearenochargesoncashwithdrawals,unlikeAirtelPaymentsBank.
StateBankofIndia(SBI)hasdecidedtocompletelywaiveoffMerchantDiscountRate(MDR)chargesondebitcardtransac5onsforallsmallmerchantshavinganannualturnoverof
uptoRs20lakh
Itisachargetoamerchantbyabankforaccep5ngpaymentfromtheircustomersin
creditanddebitcardsevery5meacardisusedforpayments(likeswiping)intheirstores.The
merchantdiscountrateisexpressedinpercentageofthetransac5onamount.
MDRPolicybytheRBI
Forthe5mebeing,theobjec5veoftheRBIistoencouragemaximumcashlesstransac5on.
Aimingthisobjec5ve,theRBIhasbroughtapolicyof
sejngupperlimitforMDRbybanks.Here,theReserveBankhadra5onalizedtheMerchantDiscountRate
(MDR)fordebitcardswitheffectfromSeptember2012.
Sincethen,theMDRfordebitcardtransac5onhasbeencappedat0.75%fortransac5onvaluesuptoRs.2000andat1%fortransac5onvaluesaboveRs.2000.
AxisBankbecamethethirdlenderinthecountrytoannounceusageofblockchainsolu5onsforits
opera5ons,ameritspeersICICIBankandYesBank.TheShikhaSharma-ledbank,thethirdlargestprivatesectorlender,willbeusingtheupcomingtechnologyforcross-
borderremiUances,itsaidinastatement.
ICICIBank–1YesBank-1
AxisBankhas5edupwithfintechfirmRippletooffer
thesolu5on.
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TheWorldBankdeceleratedIndia's
growthfor2016-17fiscalto7percentfrompreviouses5mateof7.6
7.6percentinFiscalYear(FY)2018
7.8percentinFY2019-20
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TheBureauofIndianStandards(BIS)hasrevisedtheIndianStandardongold
hallmarking,effec5vefromJanuary1,2017
Now,thehallmarkedgoldjewellerywillbeavailableinthreegradesof
14carat18carat22carat
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HDFCERGOGeneralInsuranceCompanyhaslaunchedanewpolicy
—Trade Credit Insurance Policy
— whichsafeguardsbusinessesagainsttherisksofnon-paymentforthegoodsorservices
deliveredtothebuyers.
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HQ–NewYork,USACi5BankLaunchesVoiceBiometrics
Authen5ca5onforAsiaPacificConsumerBankingCustomers
Firstbanktorolloutvoicebiometricsauthen5ca5onacrosstheAsiaPacificregion
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NITIAayoghases5matedagrowthrateof8%for2016-17
Thereviewdoesnottakeintoaccountthe
impactofdemone5sa5on.
The12thPlanisthelastfive-yearPlanandfrom2017-18,theCentrewouldadoptathree-yearac5onplanandafimeen-yearvisiondocument.(TheAayoghassaidinitsreviewofthe12th
Five-YearPlan)
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Airtel'sPaymentsBanklaunchedanini5alinvestmentofRs3000crorestodevelopapanIndiabankingnetwork
DigitalBanking:QuickandpaperlessaccountopeningusingAadhaarbasede-KYC.Thisrequiresnodocumentsatall,onlythecustomer’s
Aadhaarnumberisneeded.Thecustomer’smobilenumberwillbehis/herbankaccountnumber.
Interestrateof7.25%p.a.ondepositsinsavingsaccounts.OneminuteofAirtelmobiletalkMmeforeveryRupeedepositedat
theMmeofopeningasavingsaccount.MoneytransfertoanybankaccountinIndia(Freemoneytransfer
fromAirtel-to-AirtelnumberswithinAirtelPaymentsBank).FreePersonalAccidentalInsuranceofRs.1LacwitheverySavings
Account.EasydepositandwithdrawalfacilityacrossawidenetworkofAirtel
retailoutlets.
StateGeneralReserveFundofOman(SGRF),aSovereignWealthFundandtheStateBankofIndiawillinfuse$150millionand$50millionrespec?velyinprivateequityfundOman India Joint Investment
Fund (OIJIF)
Fundfocusedoninves5nginthemid-
marketsegmentinIndia
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Securi5esmarketregulatorSEBIreducedtheturnoverfeesleviedonstockbrokersby25percenttoRs.15percroreofturnoverfromthe
currentRs.20percroreofturnover.
Thiswillresultinreduc?onofoverallcostoftransac?onsandwillbenefittheinvestorsandpromotethedevelopmentofsecuri?esmarket”
Ajay TYAGI – 9TH SEBI CHAIRMAN - UK SINHA RETIRING) Copyright@Study-IQeduca5on,Allrightsreserved
Na5onalPaymentsCorpora5onofIndia(NPCI),theumbrellaorganisa5onforallretailpaymentsystemsinthecountryhasdeclaredRs.54.90croreworthof
prizemoneytoover3.42lakhwinnersofNITIAayog’sLuckyDrawSchemesforconsumersandmerchants.
Thetwoschemesare-LuckyGrahakYojna(LGY)andDigi-DhanVyaparYojna
(DVY).TheschemeshavetotaloutlayofRs340croreofwhich-Rs.300croreswouldbe
spentonconsumersandmerchantswhiletheremainingRs.40croreonawarenessandpublicity.
Theschemesareaimedatincen5visingbothconsumersandmerchantsto
promotedigitalpayments.Thereare15,000dailywinnersqualifyingfortotalprizemoneyofRs1.5crore.
Inaddi5ontothisthereareover14,000weeklywinnersqualifyingfortotalprizemoneyofoverRs.8.3croreeveryweek.
RuPayCard,BHIM/UPI(BharatInterfaceforMoney/UnifiedPaymentsInterface),USSDbased*99#serviceandAadhaarEnabledPaymentService
(AePS)
BSNLlaunches“SancharAadhar”forAadharbasedeKYCanddigital
customerengagement
BSNLhaslauncheditspres?giousCustomerAcquisi?onandCustomer
Communica?onManagement(CACMS)
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MYSURUPRINTINGPRESSBREAKSRECORDBYPRINTINGHIGHESTNO.OF
NOTES
TheRBINoteMudranprin5ngpressinMysuruhasbrokenallitspastrecordbyprin?nghighestnumberofcurrencynotesinDecember.
10.9millionnoteswereprintedonasingleday,whichhesaidbreaksthepreviousworldrecordof8.7millionnotesprintedinanAmericancurrency
prin?ngpress.
Prin?ngwastageinAmericais4percentwhereasinMysurupressithasbeenreducedtotwopercent.
Thecostpercurrencyprin?nginAmericaisfourrupees,whereasinMysuru
Pressitisjust3rupeesand40paise,headded.
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US$48-‘NagalandHealthProject’-WorldBank
TheclosingdateofNagalandhealth
Projectis31stMarch,2023
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FutureGroup'sfashionandlifestyledepartmentalstoreCentralandSBICardtodaylaunchedaco-brandedcreditcard
FutureGroupCEOKishoreBiyani
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TheInsuranceRegulatoryandDevelopmentAuthorityofIndia(IRDAI)hascons5tutedacommiUeetoreviewlifeinsuranceproduct
regula5ons.
AmitabhChaudhry,ChiefExecu5veofficer,HDFCStandardLifeInsuranceCompany,hasbeenappointedaschairmanoftheeight-
memberpanel.
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India’srichest1percentnowholdahuge58percentof
thecountry’stotalwealth—OxfamStudy
Just57billionairesinIndianowhavesamewealth(USD216billion)asthatoftheboUom70percentpopula5on
ofthecountry.
Thestudysaidthereare84billionairesinIndia,withacollec5vewealthofUSD248billion,ledbyMukeshAmbani(USD19.3billion),DilipShanghvi(USD16.7billion)andAzimPremji(USD15billion).ThetotalIndianwealthinthecountry
stoodatUSD3.1trillion.
ThetotalglobalwealthintheyearwasUSD255.7trillion,ofwhichaboutUSD6.5trillionwasheldbybillionaires,ledbyBillGates(USD75billion),Amancio
Ortega(USD67billion)andWarrenBuffeU(USD60.8billion).
IMFCHIEF–CRISTINELA-GARDE
Interna5onalMonetaryFund(IMF)loweredIndia’sgrowthforecastfortheyearbyafullpercentage
pointto6.6%
IMFsaiditseesworldgrowthof3.4%thisyearand3.6%in2018.Thefirstisunchangedfromthe
Octoberes5mate.
IMFalsoexpectsIndia’sgrowthtopickupataslowerpacein2017-18,at7.2%,againstitsearlieres5mate
of7.6%.
YesBanklaunched‘YesFintech’,abusinessacceleratorprogramin
collabora5onwithT-Hubastartupincubatorsetupbythe
TelanganagovernmentandAnthill–aspeedscalingplayormforearly
growthstagestart-ups.
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HerearethelatestRBIrulesgoverningcashwithdrawalanddepositsfromATMsandbankaccountsasof16
February:
-From 20 February, the weekly cash withdrawal limit on savings accounts at banks’ branches will
be raised to Rs 50,000 from the current Rs 24,000 per savings account.
-From 13 March, there won’t be any limit on cash withdrawal from savings bank accounts.
-All cash withdrawal limits from ATMs have been removed.
-All limits on cash withdrawal vis-à-vis current accounts has been removed.
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Theincometaxdepartmenthasaskedbankstoreportdepositsinanyaccountaggrega5ngRs10lakhinayear,aswellascashpaymentsofRs1lakhormoreon
creditcardbills.
-Thegovernment’sSpecifiedBankNotesCessa5onofLiabili5esOrdinancehasmadeholdingofmorethan10junkedRs500andRs1,000currencynotesapenaloffence
punishablewithaminimumRs10,000fine
- TheRBIhaskeptlimitsonprepaidpaymentsservicesprovidersore-walletstoloaduptoRs20,000,insteadofRs10,000before.Themerchantscantransferfundsfromsuch
paymentprotec5oninsurances,orPPIs,totheirownlinkedbankaccountsuptoRs50,000permonth,withoutanylimitpertransac5on.
-TradersregisteredwiththeagriculturalproducemarketcommiUee,orAPMC,and
mandiscanwithdrawuptoRs50,000aweekfromtheircurrentaccounts.
-Addi5onal60-daygraceperiodforfarmerstorepaytheircroploansandavail3%interestsubven5on.FarmersareallowedtowithdrawuptoRs25,000aweekfromtheirloanor
depositaccounts.
Karang,asmalllakeislandinManipur,hasbecomethecountry’sfirstcashlessisland.
TheKarangislandislocatedinthemiddleof
Loktak,thelargestfreshwaterlakeinNortheastIndia.
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Thirtymorecountrieshaveappliedforjoiningthe
China-sponsoredAsiaInfrastructureInvestmentBank
The AIIB was officially established late last year with 57 founding members and with authorised capital of $100
billion.
China is the largest shareholder with 26.6% voting shares. India is the second largest shareholder with 7.5%
followed by Russia 5.93% and Germany with 4.5%.
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Indiaisprojectedtogrowby7.7percentinfiscal2017=UnitedNa5ons
7.6percentin2018
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PunjabNa5onalBank(PNB)signedMoUmemorandumofunderstandingwithIPPB,itwillprovidetechnologyplayormforpilotlaunchofIndiaPostPaymentsBank(IPPB).
IPPBwillbeheadquarteredinNewDelhi
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TheReserveBankofIndia(RBI)imposedapenaltyofRs75CroreonBombayMercan5leCo-opera5veBankforviola5onsofnormsrelatedtoKYCandan5-moneylaundering.
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TheUnionCabinetchairedbythePrimeMinisterShriNarendraModihasgivenitsapprovaltoexcludeStateGovernmentsStates/UTs(withLegislature)except
ArunachalPradesh,Delhi,KeralaandMadhyaPradeshfromNa5onalSmallSavingsFund(NSSF)investments
from01.04.2016.Italsoapprovedprovidingaone-5meloanofRs.45,000crorefromNSSFtoFoodCorpora5onofIndia(FCI)tomeetitsfoodsubsidyrequirements.
ArunachalPradesh,Delhi,KeralaandMadhyaPradesh
willcon5nueavailingofNSSFloans
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TheFourteenthFinanceCommission(FFC)(YVREDDY)recommendedthatStateGovernmentsbeexcludedfromtheinvestmentopera5onsoftheNSSF.TheNSSFloanscomeatanextracosttotheStateGovernmentasthe
marketratesareconsiderablylower.
NSSFshallextendapartofitscollec5onsto(FCI)tomeetitsfoodsubsidyrequirement.ThiswillhelptheFCIreduceitsinterestcost.FCIpresentlytakesworkingcapitalloans
throughCashCreditLimit(CCL)ataninterestrateof10.01%andShortTermLoan(STL)ataweightedaverageinterestrateof9.40%,whereastheNSSFcurrentlycharges8.8%p.ainterestonitsloans.Thissavingsoninterestrate
outgowillreducethefoodsubsidyburdenoftheGovernmentofIndia.
KeralaGraminBank-FI@School
Undertheproject,everybranchofthebankhasto
iden5fyandenterintoavirtual5eupwithaschoolinitslocalitypreferablyanupperprimaryschooltoorganisevariousprogrammessuchasforma5onoffinancialliteracyclubs,accountopeningcampsatschools,juniordebitcarddistribu5on,financialliteracyrelatedclasses,distribu5onoffinancial
literacybooklets,compe55ononfinancialliteracyetc.
K.V.Shaji,Chairman,KeralaGraminBankCopyright@Study-IQeduca5on,Allrightsreserved
CentreandstateshavedecidedtoTONEDOWNthepenalprovisionstoensureatradergetsimmediatebailiftheallegedtaxevasionisuptoRs2crore.
TheGSTCouncil,atitslastmee5ng,hasdecidedthattheprovisionofarrestwillberestrictedtoforgeryandnon-depositofcollectedtaxeswiththeexchequerwithinthes5pulated5meframe.
UndertheIPC1860,forgeryandchea5ngarenon-bailableoffence,whichmeansthatbailcanonlybe
grantedbyacourt.
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Governmentbarredcoopera5vebanksfromaccep5ng
depositsunderPradhanMantriGaribKalyanYojanascheme.Underthisschemethosewhoisdeclaringhastodeposit25%of
thedeclaredundisclosedincomeinanauthorisedbankasno5fiesbythegovernment.
IncomeTaxdepartmentobservedthatthebankswere
suspectedinconver5ngblackmoneyintowhite"Applica5onforthedepositintheformofBondsLedger
Accountshallbereceivedbyanybankingcompany,otherthanCo-opera5veBanks,towhichtheBankingRegula5onAct,1949
appliesUnderPMGKYschemethetaxpayersaresupposedtodeposit25%ofthedeclaredamountasinterestfreedepositsfor4
years.Copyright@Study-IQeduca5on,Allrightsreserved
DairyfirmKwalityLtdhassignedanagreementwithBankofBarodaforprovidingRs4,000croreloanstotheformer'sonelakhfarmersfromwhom
thecompanyprocuresmilk.
Thecompanyhasanetworkofabout3.25lakhacrossabout4,500villagesinUUarPradesh,HaryanaandRajasthanwhichareamongstthe
largestmilkproducingstatesofIndia.
Theschemeisaimedatprovidingfinancialassistancetoimprovesocio-economiclivesoffarmersandsteerthemtowardsdigi5sa5on.
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PunjabNa5onalBank(PNB)haslauncheda
ContactlessCreditCard.
ThenewcreditcardhasbeennamedPNBWaveNPay
ThereisnoneedtoenteranyPINfor
transac5onsuptoRs2,000.
VisaPla5numplayorm
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Varanasi-basedUtkarshMicroFinancehasstartedopera?ngitsbankingbusinessasUtkarshSmallFinanceBank.UK’sCommonwealthDevelopmentCorpora?on(CDC)hasinfusedRs.150croreinthe?erIIcapitalinthe
company.(MainlyinNorth)
SuryodayaMicroFinance-Alsostarted–OperatesmostlyinMaharashtra
UjjvansmallfinanceBankandCapitalLocalAreaBank
limited-Jalandhar(CapitalSmallFinanceBank)–SarvajitSinghSamra
EquitasSmallFinanceBank
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Toeducateawarenessonbankingcodesatgrassrootlevel,TheBankingCodesandStandardsBoardofIndia(BCSBI)willorganise“knowyourrights”
programmeinallthestates.
AnandAras,CEO,BCSBI
WiththeopeningupofinnumerableJan-Dhanaccountsandincreasedusageofformalandtransparentmodesoffinancialtransac?ons
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ThegovernmentonTuesdayallowedtheNa5onalBankforAgricultureandRuralDevelopmenttoraise₹20,000croreforshort-termcroploanstofarmersat
lowerrates.
Thefundswillbeusedforon-lendingtocoopera5vebanksataninterestof4.5percent.
Nabardwillalsocoordinatetheconversionofopera5veKisanCreditCardsintoRuPayorATM-
enabledcardsbycoopera5vebanksandregionalruralbanks.
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Francehasissueditsfirst"greenbonds"witharecordsevenbillioneuro($7.5billion)sale,pavingthewayfortheestablishmentofagenuinemarketinrenewable
energybonds.
Proceedsfromthe22-yearbondswillbeusedtofinanceprojectstoaddressclimatechange.
Polandwasthefirstcountrytoenterthegreen
bondmarketCopyright@Study-IQeduca5on,Allrightsreserved
ReserveBankprohibitedIndianen55esfrommakingdirectinvestmentsinanyen5tylocatedin'nonco-
opera5vecountriesandterritories',asiden5fiedbytheinter-governmentalbodyFATF.
Atpresent,thereisnorestric5ononanIndianen5tywithregardtothecountrieswhereitcanundertake
OverseasDirectInvestment.FATFwasestablishedin1989.Itsobjec5vesaretosetstandardsandpromoteeffec5veimplementa5onof
legal,regulatoryandopera5onalmeasuresforcomba5ngmoneylaundering,terroristfinancingand
otherrelatedthreatstotheintegrityoftheinterna5onalfinancialsystem.
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StateBankofIndia(SBI)haslaunched‘SBIExclusif,’itswealthmanagementoffering,in
Kochi.
SBIExclusifistargetedatthefast-growingaffluentsegmentandwaslaunchedin
BengaluruandDelhilastyear.Copyright@Study-IQeduca5on,Allrightsreserved
KarnatakaBankLtdhassignedamemorandumofunderstanding(MoU)withtheRajkot-basedTirth
AgroTechnologyPvtLtd(manufacturerofagriculturalequipmentandimplements)for
financingagriculturalmechanisa?on.
PJayaramaBhat,MD,CEO
TirthAgroTechnologyPvtLtdmanufacturesagriculturalimplementsunderthebrandname
‘Shak?man’
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CASHe,loangivingappforyoungsalariedprofessionals,haspartneredwithPaytmtodepositcashtransfersfromCASHetotheir
Paytmwallets.
AeriesFinancialTechnologiesPvt.Ltd.,V.RamanKumar,Chairman
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FutureGeneraliIndiaInsuranceCompanyLtd(FGIL)hasenteredintoacorporateagency?e-upforitsproductswithBankofMaharashtra
(BOM),apublicsectorbank.
RavindraPrabhakarMarathe,ManagingDirector&ChiefExecu?veOfficer,Bankof
MaharashtraK.G.KrishnamoorthyRao,MD&CEO,Future
GeneraliIndiaInsurance
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LakshmiVilasBank(LVB)has5edupwithFisdom,afin-techstartuptolaunchafinancialplanning
playormcalledMissionFINFITforpersonalwealthmanagementservices
Mr.ParthasarathiMukherjee,MD&CEO,Lakshmi
VilasBank
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Federa5onofIndianChambersofCommerceandIndustry(FICCI)–
Indianeconomywillgrow6.8percentforthe
year2016-17
0.5percentagepointslowerthanthees5mateof7.3percentputacrossinthelastround.
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India'slargestLNGimporterPetronethassignedanagreementtosetupa$950millionliquefiednaturalgasimport
projectinBangladesh
PetronetsignedaMoUwithwithPetrobangla
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Amazonhasbeenawardedapatentforagiantflyingwarehousethatactsasalaunchpadfor
dronestodeliveritemswithinminutes.
“Airbornefulfillmentcenter"(AFC)
adroneorunmannedaerialvehicles(UAV)willflydownanddeliverthepackage.
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SolarpowerproducerAzurePoweris
commissioning150MWsolarpowerprojectinPunjab
AzurePowerhadsignedasolarpower
implementa5onagreementwithPunjabEnergyDevelopmentAgency(PEDA)
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Googlehascreatedtwoini5a5ves—MyBusinessandDigital
Unlocked—whichhavebeenintroducedinIndiafirst.
forthesmallandmediumbusinessesinIndia
GoogleCEOSundarPichai
GoogleMyBusinesswouldhelpsmallbusinessessetupwebsitefromtheirmobiledevices.Alltheyneedisa
smartphone
ThetechgiantalsolaunchedDigitalUnlocked,aneduca5onprogrammeinassocia5onwithindustrybodyFICCIandIndianSchoolofBusiness.Theprogrammewillimpartmobileandonlinecoursestohelpsmallbusinesses.
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Governmentimposedan5-dumpingdutyrangingfromUSD6.30toUSD
351.72pertonneonimportsofjuteanditsproductsfromBangladeshandNepal
toprotectdomes5cindustry
DirectorateGeneralofAn5-DumpingandAlliedDu5es(DGAD)
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VedantaGroupfirmHindustanZincLtd(HZL)hasgotenvironmentclearanceforitsRs
1,200croreZawarMinesexpansionprojectinRajasthan.
Saradadistrict
AnilAgrawal–Chairman,Vedanta
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Centrebannedimportofrep5leskinandhides
adop5ng"crueltyfree"alterna5vestoreducesufferingtoanimals.
TheDirectorateGeneralofForeignTrade(DGFT)
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TataMotorsandCastrolsigned
three-yearstrategicpartnershipagreementforsupplyofCommercialVehicleOilstoTata
Motorsglobally
GuenterButschek–CEOandManagingDirector,TataMotorsLimited,
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GlobalbusinessprocessmanagementcompanyGenpactandCiscoonMondayunveiledthe"GlobalCentreofExcellence"
inJaipuraspartofCiscosLighthouseCityproject,aglobalini?a?vedesignedto
deploynext-genera?ontechnologiestoimpactci?zensandsociety.
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Lumhansahasbecomethefirstcarriertolaunchcommercialopera5onswithAirbus
A350toIndia
Withthisflight,IndiawillbecomethefirstcountryinLumhansa’snetworktoreceivecommercialopera5onsbyAirbusA350.
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TheWorldBankhassanc?onedRs1,376croreforcompleteTripuraPower
upgrada?onandimprovementofthepowersystemnetworkinthestate
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TheTopTenlistof2016U.S.patentrecipients
IBM–8,088
SamsungElectronics–5,518Canon–3,665
Qualcomm–2,897Google–2,835Intel–2,784
LGElectronics–2,428Microsom–2,398
TaiwanSemiconductorManufacturingCo.–2,288Sony–2,181
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Atos,aninterna5onalleaderindigitalservices,andNASSCOMFounda5ontodayjointlyannouncedthelaunchofNa5onalDigitalLiteracyMission(NDLM)centersdedicatedtotrainingandimpar5ngdigitalliteracyatVadodaraGujarat.andsearch
theinternetforinforma5onamongotherthings.
DigitalSakshartaAbhiyan(DISHA)oralsoknownasNDLMScheme.
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MahindraAssetManagementlaunchesMahindraMutualFundDhanSanchayYojna
scheme
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‘FlyForSure’schemeLaunchedbyAirIndiaSpiceJet
HehyLast-Minuteairfares
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State-runNTPChassignedanon-bindingagreementwithRajasthanRajyaVidyut
UtpadanNigamLtdandRajasthanUrjaVikasNigamLtdfortakeoverofChhabraThermal
PowerPlant.
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IndianairlineSpiceJethasagreedtobuyupto205newplanesfromBoeing-poten5ally
worth$22bn
SpiceJet'schairmanAjaySingh
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BHELcommissions500MWthermalunitinWestBengal
tobecommissionedatsagardighithermalpowersta5on(TPS)phaseIIprojectinMurshidabaddistrictofWestBengal
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TheCompe55onCommissionofIndia(CCI)hasimposedpenal?esaggrega?ngtoalmostRs207croreonseven
majorcementcompaniesforriggingofbidsandcartelisa?ontogettendersinHaryanagovernment
orders.
ShreeCement,UltraTechCement,JaiprakashAssociates,JKCement,AmbujaCements,ACCandJK
LakshmiCementCopyright@Study-IQeduca5on,Allrightsreserved
ElectroniccommercecompanyFlipkartcon?nuestoretainitsapexposi?onasIndia'smosttrustede-commercebrand,inana?onwideconsumerstudy?tledthe'TheIndianE-tailingLeadershipIndex',conductedbyresearchfirmRedSeerConsul?ng.
Flipkart,forthefourth?meinarow
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FreeChargelaunchedMutualFundsonitsplajorminpartnershipwithRelianceMutual
Fund
CompletelypaperlessInvestmentsfromRs100onwards
InstantRedemp?onZerotransac?on,Zeroredemp?oncharges
OnlineKYC
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Top5Mostinnova5veCompany
1Apple2
Google3
TeslaMotors4
Microsoh5
Amazon
Accordingtotheannual50MostInnova5veCompaniessurveyreportpublishedbythe
managementconsul?ngfirmBCG(BostonConsul5ngGroup),
UK-headquarteredVodafoneIndiasignedanMoUwiththeWestBengalgovernmentto
investRs3,000croreforcapacityaugmenta5onandnewbusinessini5a5vesovernextthree
years.
BengalGlobalBusinessSummit2017
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NewUniversalRailMillWorthRs.1200croreInauguratedinBhilaiSteelPlantOF(SAIL)
SteelMinisterChaudharyBirenderSingh
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TelanganabasedIndia’slargestincubatorforstart-ups,T-Hubhaslauncheda‘GISInnova5onHub’(GIH)incollabora?onwithEsriIndiafor
thestart-ups
EsriIndiaiscountry’sleadingGeographicInforma5onSystem(GIS)sohwareand
solu?ons
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BoeingCorpora?onlaunchedthe“BoeingIndiaEngineering&TechnologyCenter”(BIETC)inBengaluruinabidtoenhanceits
aerospaceinnova?on
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MakeMyTriphaslaunchedthefirsteversocialluxurytravel
magazinecalled'LuxuryTravelTimes’
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NokiaIndianopera?onhasbaggedacontractworth$500million(Rs3,650crore)from
Vodafonefordeploymentandexpansionof4G
networkinthecountry
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HindustanPetroleumCorpLtd(HPCL)andGAIL
IndiaLtdsignedapactwithAndhra
PradeshforsemngupaRs40,000crorepetrochemicalplant
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India’s largest startup incubator to be built at
Hubballi
Gururaj Deshpande
Sandbox
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RelianceDefenceSignsContractwithMinistryofDefencetoConstruct14Fastpatrol
VesselsforIndianCoastGuard
ContractworthRs.916crore
RDEListhefirstprivatesectorshipyardwhichhasbeenawardedacontractofdesigningandbuildingsuchshipsforIndianArmedForces.
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KSEZ,SubsidiaryofGMRgroupSignsMoUsWithFirmstoSetUpManufacturingUnitsatKakinada
SEZ
TheMoUaimedatsemngupWorldClassmanufacturingunitsattheKakinadaSEZinAndhra
Pradeshspreadover8,500acresatacostofRs.
47000crore.
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UberMOTOlaunchesserviceinHyderabad
Americanworldwideonlinetransporta?onnetworkcompanyUberhaslaunchedtwo-
wheeleraggrega?onserviceUberMOTObyUber
FounderandCEOTravisKalanick
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AcommiUee-oninforma5ontechnologyexamina5onandcybersecurityheadedby
MeenaHemachandra
TheReserveBankofIndia(RBI)hasdecidedtosetupseparateEnforcementDepartmenttoeffec5velymonitorbanksincasetheyviolate
regula5onsandspeedupregulatorycompliance.
Thedepartmentwillbeopera5onalfromApril1,2017i.e.thenextfinancialyear(2017-18).
TheMonetaryPolicy
AllsixmembersoftheMPCvotedinfavourofholdingrates.
GDPgrowthincurrentfiscal-6.9%.GDPgrowthto7.4%in2017-18.
PolicyRatesReporateundertheliquidityadjustmentfacility(LAF):Unchangedat6.25percent.ReversereporateundertheLAF:Unchangedat5.75percent.Marginalstandingfacility(MSF):Unchangedat6.75percent.BankRate:Unchangedat6.75percent.ReserveRa5osCashReserveRa5o(CRR)ofscheduledbanks:Unchangedat4.0percentofnetdemandand5meliability(NDTL).StatutoryLiquidityRa5o(SLR):
Unchanged20.75percent.
PrimeMinisterNarendraModiinauguratedIndia’sfirstinterna?onalexchangeIndiaINXattheInterna?onalFinancialServiceCentre(IFSC)ofGIFT(GujaratInterna?onalFinancialTech)
CityGandhinagar,Gujarat.
IndiaINXisawholly-ownedsubsidiaryoftheBombayStockExchange(BSE).
1 new video daily high level quant + reasoning questions special focus on Computer awareness +
Banking awareness
SBI PO/CLERK 2017
Call 95-8004-8004
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