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The Hindu-News Review (August 2015)

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The Hindu-News Review (August 2015) THE HINDU-NEWS REVIEW (AUGUST 2015) This GK Capsule has been prepared by Career Power Institute Delhi (Formerly Known as Bank Power). This has been prepared on the basis of news and events appeared in The Hindu Newspaper in the month of August 2015. ECONOMY NEWS (INDIA AND WORLD) 10. India‘s exports fell by 10.3% to $23.1 billion in 1. RBI kept its policy rates unchanged in its 3rd Bi- July, their eighth consecutive month of contraction, monthly monetary policy review on 4th Adug 2015. reflecting the sluggish global commodity prices. a. Bank Rate – 8.25 % (Unchanged) 11. The Centre declared that the second and fourth b. Cash Reserve Ratio – 4 % (Unchanged) Saturday of every month would be a holiday for c. Statutory Liquidity Ratio – 21.5 % (Unchanged) banks, with effect from September 1, 2015. d. Repo Rate – 7.25 % (Unchanged) 12. ICICI Bank launched the first of its kind fully e. Reverse Repo Rate – 6.25 % (Unchanged) automated digital locker Named ‗Smart Vault‘ which f. Marginal Standing Rate – 8.25 % (Unchanged) would be available to customers even on weekends 2. RBI notified Section 23 of the Banking Regulation and post banking hours. Act, 1949 -Relaxations in Branch Authorisation Policy. The notification allows banks to shift, merge or close branches, in urban areas, at their own discretion. 3. RBI decided to put into circulation 10 rupees coins to commemorate the International Day of Yoga. 4. HDFC Bank launched ‗Dhanchayat,‘ an educational film to create awareness on the dangers of borrowing money from the unorganised sector. The film was launched under the aegis of Swachh Banking. 5. SEBI moved the Supreme Court seeking the appointment of a receiver to auction off Sahara group‘s domestic and offshore properties to raise money to recover liabilities of over Rs 36,000 crore, after chairman Subrata Roy has failed to raise even Rs 10,000 crore to secure his release from jail. 6. SEBI barred 59 entities, including HNIs, from securities markets and also referred the case to the Income Tax Department for further investigations. 7. The International Monetary Fund (IMF) said it will freeze its benchmark currency basket Special Drawing Rights until October 2016, giving markets more time to adjust to the possible addition of China‘s yuan as part of a review of global reserve currencies. 8. China‘s central bank has made USD 17 billion available to more than a dozen financial institutions to help boost the economy, it said, a day after injecting nearly USD 100 billion into two government policy banks. 9. Global rating agency Moody‘s Investors Service 13. The government has estimated capital requirement trimmed India‘s growth forecast for the current of PSU banks over four years till 2018-19 at Rs 1.80 fiscal to around 7% from 7.5% predicted earlier, lakh crore. Of this, the government would infuse Rs citing risks from a deficient monsoon season. 70,000 crore, while the remaining Rs 1.10 lakh crore would be raised from market. As per www.bankersadda.com | www.careerpower.in | www.sscadda.com Page 1 government‘s capital infusion plan, Rs 25,000 crore 3. Om Prakash Rawat was appointed as the Election would be infused in 2015-16 and 2016-17 and Rs Commissioner of India. 10,000 crore each in 2017-18 and 2018-19. 4. Justice Jayant Patel was appointed as acting Chief 14. Banks may not get to use gold mobilised under the Justice of the Gujarat High Court. proposed gold monetisation scheme to meet the 5. Swati Maliwal took charge as the Chairperson of cash reserve ratio (CRR) requirement as the Delhi Commission for Women. Reserve Bank of India has opposed the move that 6. Ashish Bahuguna was appointed as the Chairman could dilute the effectiveness of this monetary of food safety regulator Food Safety and Standards policy tool. Authority of India (FSSAI). 15. Government sought Parliament‘s approval to infuse 7. Ram Sevak Sharma was appointed as the Chairman Rs 70,000 crore into public sector banks (PSBs) out of telecom regulator Telecom Regulatory Authority of budgetary allocations between FY16 and FY19. of India. 16. Wholesale price inflation hit a record low of -4.05% 8. Acharya Dev Vrat was sworn-in as the Governor of in July, as the steepest fall in food inflation in at the Himachal Pradesh. least a decade further deepened a broad-based 9. Bollywood megastar Amitabh Bachchan was slowdown in input prices. announced tiger ambassador of Maharashtra. 17. Retail inflation unexpectedly hit a record low of 10. Ram Nath Kovind (69) and Acharya Dev Vrat (56) 3.78% in July as food inflation plunged. were appointed Governors of Bihar and Himachal 18. China‘s central bank devaluate its currency yuan by Pradesh, respectively. 2 percent. 19. Standard & Poor‘s Ratings Services lowered its outlook on the European Union to negative from stable. 20. IDFC Bank is set to start lending operations from October 1. 21. Yes Bank informed BSE that it had raised Rs.315 crore through the issue of Green Infrastructure Bonds to International Finance Corporation (IFC), Washington, on a private placement basis. 22. The Employees‘ Provident Fund Organisation (EPFO), for the first time since its inception in 1951, would invest in equities with a corpus of Rs.5,000 crore initially through SBI Mutual Fund. 23. SEBI notified new norms. In which firms in which public shareholders own stocks worth Rs.1,000 crore will now be able to access this route through AWARDS & HONOURS a follow-on public offer (FPO). Currently, the 1. Bangladesh novelist Zia Haider Rahman won the minimum requirement is Rs.3,000 crore. The James Tait Black award 2015 for his debut novel In minimum public holding requirement for a rights the Light of What We Know. offer is Rs.250 crore. 2. Prof. Mustansir Barma won the prestigious Gujar Mal Modi Award for Innovative Science and NEW APPOINTMENT (WORLD) Technology for the year 2015. 1. Ranil Wickremesinghe was sworn in as the Prime 3. President of India, Pranab Mukherjee presented the Minister of Sri Lanka. He was administered the oath 24th Saraswati Sammaan for the year 2014 to Dr. of office by President Maithripala M Veerappa Moily, Member of Parliament (Lok Sirisena. Wickremesinghe had served the country Sabha) in New Delhi. He received the award for his as its Prime Minister on three occasions. epic Sri Ramayana Mahanveshanam written in 2. Indian-American Atul Keshap was appointed as the Kannada. United States (US) Ambassador to Sri Lanka and 4. Goa Tourism Minister Dilip Parulekar received the Maldives. Pacific Area Travel Writers Association (PATWA) - Safari India South Asia Travel Award 2015. NEW APPOINTMENT INDIA 5. Mathematician Doctor Amalendu Krishna won the 1. Ashwani Lohani was appointed as CMD of Air India. Ramanujan Prize for year 2015. 2. Former Cabinet secretary Ajit Kumar Seth was 6. Helena Ndume of Namibia and Jorge Sampaio of appointed as the Chairman of the Public Enterprises Portugal were awarded with the first-ever Nelson Selection Board. Rolihlahla Mandela Prize by the United Nations. www.bankersadda.com | www.careerpower.in | www.sscadda.com Page 2 7. Chief Minister Jayalalithaa presented the first APJ 6. Sri Lanka government announced its decision to Abdul Kalam award to Indian Space Research repair and renovate one Hindu and one Buddhist Organisation (ISRO) scientist N. Valarmathi, who temple in Nepal that was destroyed in the recent led the team that successfully launched Radar earthquake. Imaging Satellite RISAT-1 in 2012. 7. Greece is receiving the first 13 billion-euro ($14.5 8. Prime Minister Narendra Modi presented The billion) payment of its new bailout, with 12 billion Hindu‘s senior journalist Gargi Parsai with the euros earmarked for repaying debts and the prestigious Indian Council of Agricultural Research remainder for settling arrears to public sector (ICAR) award. suppliers. 9. Whistleblower officer Sanjeev Chaturvedi and 8. India‘s first high-voltage, direct-current (HVDC) human rights activist Anshu Gupta are among the transmission line, connecting the northern states five winners of the Ramon Magsaysay Award this with the north-eastern ones, will be operational on year. August 31. 9. The Cochin International Airport Ltd (CIAL) has become the first airport in the country to be completely powered by solar power with the commissioning of a 12-MW solar project. 10. Delhi government announced a new scheme — ‗City Taxi‘ — under which permits will be issued to 600cc vehicles which will charge Rs 10 per km. 11. Declaration of Kerala as a ‗complete digital state‘ and announcement of a new youth programme in memory of former President, the late A P J Abdul Kalam marked Independence Day celebrations in the state. The state has achieved 100 per cent mobile density, 75 per cent e-literacy, highest digital banking rate and broadband connection upto panchayat level. 12. For the first time in history, Delhi is officially the VISITS ―rape capital‖ of India. The city reported 1,813 1. Prime Minister of India Narendra Modi visited rapes in 2014, up from 1,441 in 2013. United Arab Emirates. He is the first Prime Minister of India to visit UAE after 34 years. He also visited 13. Ahead of the Assembly elections in Bihar, Prime Minister Narendra Modi announced a package of the historic Sheikh Zayed Grand Mosque in Abu Rs. 1.25 lakh crore for the State at a function in Dhabi. Ara. 14. The Kullu district administration imposed a ban on PLACE IN NEWS(INDIA AND WORLD) 1. Dinanagar town in Gurdaspur district of Punjab was plying of diesel and petrol-driven vehicles in Rohtang Pass in compliance with the orders of the in news as on 27 July 2015 it witnessed a terrorist National Green Tribunal.
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