|Economy Updation for Bank|
Thursday, December 1, 2016
1-India's 29th state, Telangana's map was redrawn on 11 October 2016 with the creation of 21 new districts, With these, the total number of districts of the youngest state of India went up to 31.
2-Jharkhand has become the first state in the country to implement Direct Benefit Transfer in Kerosene.
3-Sikkim's capital Gangtok has been conferred with the title of the 'Cleanest Tourist Destination' in India by the Ministry of Tourism. Further, Chandigarh & Mysore were felicitated as 'Clean Cities' in the 'million plus population' category.
4-Public sector major MMTC (Metals and Minerals Trading Corporation of India) has joined hands with HDFC Bank, ICICI Bank and Andhra Bank to retail gold coins with a new buyback option. Besides its own outlets across the country, MMTC has tied up with Indian Overseas Bank, Vijaya Bank, Federal Bank and YES Bank to sell gold coins in denominations of 5 gm and 10 gm coin and 20 gm bar.
5-Bank ofAmerica has unveiled a virtual assistant called Erica, that uses artificial intelligence and predictive analytics to learn consumers' personal spending habits and offer financial advice.
6-Banknotes of the denomination of Rs 2,000 will be in circulation soon. The notes have already been printed, and their dispatch from the currency printing press in Mysuru has commenced.
7-NABARD has sanctioned a loan of Rs 19,702 crore to the National Water Development Agency (NWDA), under the Ministry of Water Resources.
8-RBI's 24th Governor Urjit Patel, who has been recently appointed, has announced his first & country's 4th Bi-monthly Policy Statement for the year 2016-17. The RBI has reduced the policy Repo Rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent, & the marginal standing facility (MSF) rate & the Bank Rate to 6.75 per cent.
9-The Centre has appointed R Subramania Kumar as Executive Director (ED) of Indian Overseas Bank (IOB).
10-The new law to prohibit benami transactions will come into effect from 1st November 2016. After coming into effect, the existing Benami Transactions (Prohibition) Act, 1988 will be renamed as theProhibition of Benami Property Transactions, PBPT, Act, 1988. The new legislation provides for seven years imprisonment and fine for those indulging in illegal transactions.
Thursday, November 24, 2016
1-India formallyjoined the Paris Climate Change Agreement by submitting its instrument of ratification in New York (UN Headquarter). India became the 62nd country to ratify the agreement. Main Motive of the COP summits is to monitor & encourage countries to reduce greenhouse gas emissions. COP22 will take place at Marrakech in Morocco , 2016.
2-The Indiangovernment has invited the Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan to be the next Chief Guest at India’s Republic Day parade of 2017. This is the first time that a leader of the United Arab Emirates will be honoured with the invitation of being the Chief Guest at India’s Republic Day parade.
3-Chief Minister of Kerala Pinarayi Vijayan has launched paddy cultivation in Aranmula Puncha near Cochin.
4-India's first 'Design Yatra' conducted in Kerala's Kozhikode city during which competitions, heritage walk, talks and interaction with students will be conducted and it is scheduled to travel to 29 Indian cities.
5-Maharashtra government launched 'Kaushalya Setu', a skill development programme for students in Mumbai.
6-Haryana Government has decided to observe 2017 as the “Garib Kalyan Varsh. During the observation period of Garib Kalyan Varsh, the government would lay emphasis on welfare of poor people and generating employment opportunities for the youth.
7-Kochi became the first city in the country to be confirmed as a venue for next year’s World Cup which will be Kerala’s first in any sport.
8-DharmendraPradhan, Minister of State (with I/c) for Petroleum & Natural Gas launched the National Seismic Programme (NSP) on Mahanadi basin (onshore) in Odisha.
9-Standard Chartered Bank has announced a tie-up with Uber under which its credit cardholders, across six countries, will get a cash-back of up to 25 per cent for hailing cabs from the app.
10-State Bank ofIndia has became the first domestic bank of India to open 54th foreign branch, in the capital city of Yangon, Myanmar. Ghanshyam Srivastava will be the Chief Executive Officer of the SBI Yangon branch.
Sunday, November 13, 2016
1-Telangana government organised the traditional state festival of 'Bathukamma' on at the Lal Bahadur stadium in Hyderabad.The event, attended by about ten thousand women, found a place in the Guinness Book of World Records. The Telangana government has declared 'Bathukamma' as a state festival.
2-Arjun Vajpai, a 23-year-old professional mountaineer from Noida, became the youngest in the world to scale the Mount Cho Oyu, the 6th highest mountain peak in the world at 8,188 metres above sea level.
3-Delhi International Airport Limited (DIAL) declared that Terminal 3 of Indira Gandhi International Airport (IGIA) achieved Platinum rating from Indian Green Building Council (IGBC).
Airport Authority of India's Tirupati Airport has been awarded as "Best Tourist Friendly Airport" under the category for "State Annual Excellence Awards (2015-16)" by Andhra Pradesh Tourism.
4-Bengaluru's Kieren Dsouza has become the first Indian to complete the Spartathlon, widely described as the "world's toughest race". The 23-year old completed the 246.6 km distance in 33 hours, one minute & 38 seconds. The Spartathlon is an annual run between Athens & Sparta in Greece
5-Indian star shuttler Saina Nehwal has been appointed as a member of the International Olympic Committee’s Athletes’ Commission.
6-Odisha government has come up with a new scheme to provide legal assistance to the deprived sections of the society at the grassroots level in all its 6,812 gram panchayats across the state. The scheme named after great Odia lawyer, 'Madhubabu Aain Sahayata Sibir’ will offer legal services once a week.
7-Maharashtra Government launched Kaushalya SETU (Self-Employment and Talent Utilisation) initiative. This initiative, is a skill development programme for students, is likely to generate employment for as many as 7.5 lakh people in state.
8-Indian shooter Jitu Rai clinched a silver medal in the 50-meter pistol event of the ISSF World Cup Final at Bologna, Italy.