IBPS Clerk Mains General Awareness Capsule in PDF Economy 1. Fifth Bimonthly monetary policy Repo rate – 6% Reverse repo rate - 5.75% Marginal standing facility rate – 6.25% Cash reserve ratio – 4% Bank rate – 6.25% Statutory liquidity ratio –20% (Previously it was 19.5%) 2. In the latest Sovereign gold bond series, RBI has fixed purchased price at Rs 2945 per gram. 3. ‘You only Need One’- YONO, is an integrated platform launched State bank of India. 4. India’s first micro insurance plan ‘Insurance Khata’ is launched in which insurer can pay premium flexibly in parts with Rs 500 as the minimum premium. 5. Rs. 3 Crore penalty has been imposed by Reserve bank of India on Union bank of India for violating KYC norms. 6. Asian development increased the funding of India from $2.7 billion to $4 billion. India become the largest receiver of Loan from ADB. 7. ICICI bank will provide financial assistance of 10 crore to Indian army. 8. To boost digital financial transaction in secure way Andhra Pradesh government signed MoU with Mastercard. 9. According to Morgan Stanely report India will be the fastest growing economy by 2026-27. 1 | P a g e 10. To commemorate the birth centenary of MS Subbulakshmi Reserve bank of India introduced Rs 100 coins and Rs 5 coins. 11. For giving boost to power sector in India Asian Infrastructure bank and Asian Development bank provide USD 100 million financial assistance. 12. According to Moody’s report Refining and Marketing - Asia India will cross China and become fastest growing market of Petrol consumption in Asia. 13. In order to boost women, Chattisgarh government give loan to women and self help group on the interest rates of 6.5 to 5 % under Saksham Yojana. 14. Rs. 2.11 Lakh crore has been allocated by cabinet for 2 years for the recapitalization of public sector banks. 15. For filling GSTR-3B returns GSTN has launched an offline tool through which taxpayer can fill the data. 16. In a step to improve risk management, Reserve bank of India made Lega Entity identifier compulsory for companies. It is a 20 digit code which will keep the track of financial transaction between parties. 17. Initial coin offering 18. Bajaj Allianz unveiled India’s First insurance cover for victims of cyber crime. 19. Bharat 22 an exchange traded fund launched by government and this will b managed by ICICI prudential mutual fund. 20. Coinome is cryptocurrency exchange platform on which India offer trading of Bitcoin and Bitcoin cash. 21. Yes bank and Denmark innovation centre signed an memorandum of understanding for the assistance in financial technology innovation from Denmark. 22. Paytm launched Inbox messaging service for its customer that enabled them to chat and transfer money. 23. Yes bank and HDFC bank are the two private sector banks on which RBI imposed penalty for violating the guidelines on Income recognition asset classification and delay in reporting on information security of ATM’s of bank. 2 | P a g e 24. 1 rupee note completed hundred years in 2017. It was first issued on 30 November 1917. 25. Cabinet committee on economic affairs provided 10,000 crore Special banking arrangement for payment of outstanding claims of fertilizer subsidy for year 2016-17. 26. SIDBI and AU small finance bank together launch Rs 200 cr fund that will provide loans to Micro, Small and Medium Enterprises. 27. RCom shut their services by 1st December 2017. 28. Asian Development bank approved USD 2 billion dollars for Andhra Pradesh’s projects 29. Emirates NBD, United Arab Emirates bank opened branch in Mumbai, India. 30. Cleartrip has been named best mobile app for travel on Mobex award 2017. 31. Transcorp and yes bank launched a pre paid card service for transaction purpose anywhere in country. 32. MuhPeTaala is an initiative by Axis bank and Mumbai police for the promotion of safe banking. 33. ‘IndusInd Mobikwik’ is a co branded wallet launched by IndusInd. 34. Mobikwik in partnership in which IndusInd customers can pay through Mobikwik account. Growth Forecast of India Economy by Different Organizations Organization 2017-18 2018-19 International Monetary Fund 6.7% 7.4% World Bank 7% 7.5% Reserve Bank Of India 7% - FICCI 7.4% - Asian Development Bank 7% 7.5% HSBC 7.1% - 3 | P a g e CSO 7.1% - NITI AAYOG 7% - DBS 7% - CRISIL 6.7% - FITCH 6.9% - UBS 6.6% - NOMURA 7.1% - NCAER 7.6% - OECD 6.7% 7.2% United Nation 7.3% 7.9% International Events 1. BadRabbit is a ransomware which was observed in Russia recently. 2. ‘Feminism’ has been selected as the word of the year by Merriam-Webster. 3. World’s first floating wind farm started generating 4. New member to join International Solar Alliance – Guinea Headquarter – Gurugram, Haryana Capital – Conarky Currency – Franc 5. Collin’s dictionary selected ‘Fake news’ as word of the year. 6. Suraksha, an offshore patrol vessel provided by Indian Navy has been commissione by Srilanka. 7. Israel ease the norms of visa application for Indian tourists. 8. First budget of Lebanon passed by Lebanon parliament since 2005. 9. Kazakhstan’s name will be change to Qazaqstan. 10. Hwasong -15 an intercontinental ballistic missile is launched by North Korea. 11. Norway, the first country to switch on digital radio from frequency modulation. 12. Shibuya Mirai, world’s first artificial intelligence robot launched by Japan with the assistance of Microsoft. 4 | P a g e 13. UberAir, flying taxis which will be the joint project of NASA and Uber. 14. Twitter increased the world limit in tweets from 140 to 280. 15. Mohammad VI – A an earth observatory satellite launched by Kazakhstan. 16. Seoul’s Jenny Kim crowned with Miss Supranational 2017 title. 17. United state of America will give USD 500,000 to the religious groups for promotion of religious freedom in Sri lanka and India. 18. Typhoon Damrey, a cyclone hit Vietnam and caused serious damage to the life. 19. Youthquake is the word of the year 2017 declared by Oxford dictionary. 20. Air New Zealand bagged Airline of the year award for the fifth consecutive year. 21. China launched BeiDuo-3 Satellites for building a global positioning centre of its own. 22. Facebook creator app is launched by facebook for creating video & live feature 23. Tesla’s first electric care manufacturing plan to be set outside the US is in Shanghai, China. 24. With more than $1 billion of financial assistance from Asian infrastructure development bank, India become the first country to get the help of such big amount from the bank. 25. Saudi Arabia allowed women into sports stadium from 2018which was banned since long. 26. Philippines banned the dengue vaccination program. 27. China announced three years punishment for disrespecting national anthem. 28. With the referendum, Catalonia get independent from Spain. 29. Tiankun, a giant ship of launched by China. Agreement and MoU’s 1. India and Ethiopia -For promotion of trade and economic development. Ethiopia Capital - Addis Ababa Currency - Birr President - Mulatu Teshome Prime Minister - Hailemariam Desalegn 5 | P a g e 2. India and Armenia – On cooperation and mutual assistance in custom affairs. Armenia Capital – Yerevan Currency – Dram President – Serzh Sargsyan Prime Minister – Karen Karapetyan 3. Assam and Singapore – For skilling the youth of Assam Singapore Capital – Singapore Currency – Dollar President – Halimah Yacob Prime Minister – Lee Hsien Loong 4. Indiana (State in US) and Karnataka – Agreement on sister ties for cooperation in the field of economy, cultural and education. 5. India and Italy – In the field of agriculture and phytosanitary issue. Italy Capital – Rome Currency – Lira President – Sergio Mattarella Prime Minister – Paolo Gentiloni 6. India and Spain – agreement for the construction of Regional Rapid Transit System Spain Capital – Madrid Currency – Euro President – Carles Puigdemont Prime Minister – Mariano Rajoy 7. India and Mozambique – On development of Rovuma gas discovery Mozambique Capital – Maputo Currency – Mozambican Metical President – Filipe Nyusi 6 | P a g e 8. India and Columbia – In the field of agriculture and fisheries. Capital - Bogota Capital – Peso President – Juan Manuel Santos Prime Minister – Stefan Lofven National Events 1. Indra 2017 – Indo-Russia tri service exercise. Theme: Preparation and conduct of operation by joint force for suppression of international terror activity at the request of a host country under UN mandate’ 2. World’s highest Motorable road has been constructed in Ladakh region of Jammu and Kashmir. 3. Brahmos air version anti shipping missile has been successfully tested by Indian air force. 4. Sampriti-7 – India and Bangladesh 5. M C Mary Kom has been appointed as AIBA women’s Youth world championship ambassador. The competition held in Guwahati. 6. The deadline for linking Aadhar mobile SIM is –February 2018 7. Sonepur cattle fair held at Bihar became the Asia’s biggest cattle fair. 8. Internet Quarter Master Package application launched by Indian army with the help of TCS for automation of logistic function of army. 9. ERO- Net software launched by Rajasthan government through which voters can register themselves on electoral rolls. 10. For the Protection of Olive riddle turtles Odisha government banned sea fishing for 7 months. 11. IMBAX 2017 – Bilateral militeray exercise between India and Myanmar held in Meghalaya. 12. India hosted first world food fair in New Delhi. Union minister of food processing industry – Harsimrat Kaur Badal 7 | P a g e 13. Priyanka Chopra (97th) and ICICI CEO Chanda Kochhar (92nd) have secured place in World’s most powerful women list of Forbes. The list is topped by German chancellor Angela Merkel. 14. Creating and sustaining markets for energy efficiency project is a project launched by Energy efficiency services limited and Global Environment facility.