1) ADB sees India's GDP growth at 7% this fiscal and 7.5% in 2013-2014
2) What is 4G?
Ans: - 4G is the fourth generation of cellular communications. Theoretically, 4G technology can deliver wireless data speeds of up to 100 Mbps but depending on subscriber numbers and network design the actual speeds could be around 30-40 Mbps. In comparison, 3G services give top speeds of 3-4 Mbps
Ans: - 4G is the fourth generation of cellular communications. Theoretically, 4G technology can deliver wireless data speeds of up to 100 Mbps but depending on subscriber numbers and network design the actual speeds could be around 30-40 Mbps. In comparison, 3G services give top speeds of 3-4 Mbps
3) Loop Telecom to shut operations, whose 2G licences were among the 122 telecom licences cancelled by the Supreme Court
4) Microsoft to end Windows XP and office 2003 support in 2 years (8th Apr 2014), said Microsoft marketing director Stella Chernyak.
5) Shiva Thapa youngest (18-year-old ) Indian boxer to qualify for London Olympics
6) India and Qatar on 9 April 2012 signed six agreements, including a pact on cooperation in oil and gas exploration.
7) In Boxing, India's Vijender Singh on 8 April 2012 qualified for the London Olympics in the 75-kilogram category. He is the first Indian boxer to qualify for the Olympics for the third time in succession.
8) Mr Ashok Kumar Roy has been appointed as Chairman and Managing Director of General Insurance Corporation of India (GIC Re) till July 31, 2015.
9) Cholamandalam MS General Insurance Company has been awarded the best insurance company for ‘In time Claims Settlement for 2011-12’ under the Rashtriya Swasthya Bima Yojana scheme of the Ministry of Labour and Employment.
10) Public sector lender Bank of India will rename its Indonesian arm, Bank of Swadesi, as Bank of India Indonesia. Bank of India holds 76 per cent stake in the Indonesian bank
^Airtel set to be first to launch 4G services
Bharti Airtel Ltd is set to become the first operator in the country to launch fourth generation (4G) technology based services.
The company will launch its Long Term Evolution Time Division Duplex (LTE-TDD - a 4G technology) network in Kolkata later this month, according to Bharti's CEO - India and SAARC, Mr Sanjay Kapoor.
Bharti had won broadband spectrum in four circles: Punjab, Maharashtra, Kolkata and Karnataka
RuPay card
RuPay is the Indian domestic card payment network being set up by National Payments Corporation of India (NPCI) at the behest of banks in India. This project had been conceived by Indian Banks Association and had the approval of Reserve Bank of India. The objectives to be fulfilled are :
Reduce overall transaction cost for the banks in India by introducing competition to international card schemes.
Develop products appropriate for the country particularly for financial inclusion.
Provide card payment service option to many banks who are currently not eligible for card issuance under the eligibility criteria of international card schemes.
Build environment whereby payment information of the country remains within the country
Shift Personal Consumption Expenditure (PCE) from cash to electronic payments in a growing economy with a population of 1.2 billion
Develop products appropriate for the country particularly for financial inclusion.
Provide card payment service option to many banks who are currently not eligible for card issuance under the eligibility criteria of international card schemes.
Build environment whereby payment information of the country remains within the country
Shift Personal Consumption Expenditure (PCE) from cash to electronic payments in a growing economy with a population of 1.2 billion
Union Bank of India -- Good people to bank with
Indian Overseas Bank -- Good people to grow with
Syndicate Bank -- Your Faithful And Friendly Financial Partner
Federal Bank -- Your Perfect Banking Partner
United Bank of India -- The Bank that begins with U
HDFC -- We Understand Your World
Bank Of Baroda -- India's International Bank
Yes Bank -- Experience our expertise
Allahabad Bank -- A tradition of trust
Bank of India -- Relationships beyond Banking
Oriental Bank of Commerce -- where every individual is committed
Dena Bank -- Trusted Family Bank
Indian Bank -- Taking Banking Technology to Common Man
IDBI Bank -- Banking for all; Not just for Big boys; "Aao Sochein Bada"
Canara Bank -- it's easy to change for those who you love; Together we can do...
Vijaya Bank -- A Friend You can Bank Upon
Punjab National Bank -- A Name you can Bank Upon
The Economic Times -- Knowledge is Power
Max New York Life Insurance -- Your Partner for Life; "Karo Zyaada Ka Iraada"
Central Bank of India -- Build A Better Life Around Us
J & K Bank -- Serving to Empower
ICICI Bank -- "Hum Hai na..."
Andhra Bank -- Much more to do. With YOU in focus
Bank of Rajasthan -- Together we Prosper
SBI Bank -- Nations banks on us; Pure Banking Nothing Else; With you all the way
Lakshmi Vilas Bank -- The Changing Face of Prosperity
UCO Bank -- Honours Your Trust
Karur Vysya Bank -- Smart way to Bank
South Indian Bank -- Experience Next Generation Banking
Indian Overseas Bank -- Good people to grow with
Syndicate Bank -- Your Faithful And Friendly Financial Partner
Federal Bank -- Your Perfect Banking Partner
United Bank of India -- The Bank that begins with U
HDFC -- We Understand Your World
Bank Of Baroda -- India's International Bank
Yes Bank -- Experience our expertise
Allahabad Bank -- A tradition of trust
Bank of India -- Relationships beyond Banking
Oriental Bank of Commerce -- where every individual is committed
Dena Bank -- Trusted Family Bank
Indian Bank -- Taking Banking Technology to Common Man
IDBI Bank -- Banking for all; Not just for Big boys; "Aao Sochein Bada"
Canara Bank -- it's easy to change for those who you love; Together we can do...
Vijaya Bank -- A Friend You can Bank Upon
Punjab National Bank -- A Name you can Bank Upon
The Economic Times -- Knowledge is Power
Max New York Life Insurance -- Your Partner for Life; "Karo Zyaada Ka Iraada"
Central Bank of India -- Build A Better Life Around Us
J & K Bank -- Serving to Empower
ICICI Bank -- "Hum Hai na..."
Andhra Bank -- Much more to do. With YOU in focus
Bank of Rajasthan -- Together we Prosper
SBI Bank -- Nations banks on us; Pure Banking Nothing Else; With you all the way
Lakshmi Vilas Bank -- The Changing Face of Prosperity
UCO Bank -- Honours Your Trust
Karur Vysya Bank -- Smart way to Bank
South Indian Bank -- Experience Next Generation Banking
=>RBI announces Monetary Policy
Making the first policy rate cut in 3 years, the RBI on April 17, 2012 declared the Monetary Policy for the year 2012-2013.
1.Repo Rate
=>The repo rate reduced under the liquidity adjustment facility (LAF) by 50 basis points from 8.5% to 8.0% with immediate effect.
#Repo rate is the rate at which banks borrows money from RBI.
2.Reverse Repo Rate
=>The Reverse Repo Rate under the LAF, determined with a spread of 100 basis points below the Repo Rate, stands adjusted to 7.0% with immediate effect.
3.Marginal Standing Facility
In order to provide greater liquidity cushion:
=>Rise in the borrowing limit of Scheduled Commercial Banks under the Marginal Standing Facility (MSF) from 1% to 2% of their Net Demand and Time Liabilities (NDTL) outstanding at the end of second preceding fortnight with immediate effect.
=>Banks can continue to access the MSF even if they have excess Statutory Liquidity Ratio (SLR) holdings, as hitherto.
=>The MSF rate, determined with a spread of 100 basis points above the Repo Rate, stands adjusted to 9.0% with immediate effect.
4.Bank Rate
=>The Bank Rate stands adjusted to 9.0% with immediate effect.
5.Cash Reserve Ratio
=>The Cash Reserve Ratio (CRR) of scheduled banks has been retained at 4.75% of their NDTL.
6.The policy actions taken are expected to:
=>Stabilise growth around its current post-crisis trend;
=>Contain risks of inflation and inflation expectations re-surging; and
=>Enhance the liquidity cushion available to the system.
=>RBI Governor, Dr. Duvvuri Subbarao held that the liquidity conditions were moving towards RBI's comfort zone and added that there is a need to increase fuel prices for macroeconomic stability. Reacting to the RBI's cut in repo rate, leading banks of India he held that lending rates will fall after the RBI's action.
=>Contain risks of inflation and inflation expectations re-surging; and
=>Enhance the liquidity cushion available to the system.
=>RBI Governor, Dr. Duvvuri Subbarao held that the liquidity conditions were moving towards RBI's comfort zone and added that there is a need to increase fuel prices for macroeconomic stability. Reacting to the RBI's cut in repo rate, leading banks of India he held that lending rates will fall after the RBI's action.
No comments:
Post a Comment