current affairs

Date: 19th Apr 2012
Important News of the Day

1. Agni-V (5,000 km range) launch put off due to weather, test will now take place today.

2. Angry after rocket fiasco, N Korea ups N-test ante.

3. Kayani seeks India’s help for Siachen solution.

4. IDBI Bank cuts its lending rate by 0.25%, HDFC Bank to follow suit.

5. Audi to buy Ducati for $1.1bn.

6. Ruias in talks to sell $1bn Aegis BPO.

7. Nestle may buy Pfizer unit for $9bn.

8. Inflation back as retail prices soar, CPI for March rose to 9.47%

1. 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

   
   

   
   

   
   

   Under which department(ministry) SME & Micro finance sector comes?

   
   

   
   

   
   

   
   

   1) Asia’s 1st Dolphin research to be set up in Patna, Bihar.
   2) Jim Yong Kim is World Bank President. Mr Robert Zoellick, a former US diplomat who will demit office in June 2012 at the end of his five-year term.
   3) New York Times won Two 2012 Pulitzer Prizes for Explanatory and International Reporting.
   4) Zee TV became the First Indian Channel to get Landing Right in China
   5) Mastercard CEO Ajay Banga elected New Chairman of the US-India Business Council (USIBC)
   6) India and the UAE signed an agreement to amend the Double Taxation Avoidance Treaty
   7) World Trade Organisation (WTO) pegged World Trade Growth at 3.7 per cent for 2012
    SP MLA, Mata Prasad Pandey unanimously elected Speaker of the 16th Uttar Pradesh Assembly

   
   

   
   

   >India is all set to test fire its 5,000 km range Inter-Continental Ballistic Missile (ICBM) Agni-V today(18th april) from a test range off the coast of Odisha.

   
   

   =>Account closure (depositor account)
   The closure of beneficiary and pool accounts by the investor and the clearing member or at the discretion of the participant, if the client has defaulted in its obligations towards

   =>Accounts Payable
   A current liability showing the amounts due to others within a period of one year when such liability resulted from the purchase or manufacturing of inventory.

   =>Accounts Receivable
   Any money due to a business for merchandise or securities that it has sold or for services it has rendered. This is a key determinant in analyzing a company’s liquidity.

   =?Accrued Interest
   The interest accruing on a security since the previous coupon date. If a security is sold between two payment dates, the buyer usually compensates the seller for the interest accrued,

   =?Acid Test Ratio
   The value of cash equivalents and accounts receivable (the quick assets) divided by current liabilities. Also known as quick asset ratio or liquidity ratio, it is a measurement of corporate

   
   

   
   
   

   ^ World provide $352 mn for dairy development in India

   World Bank signed an agreement with India to provide $352 million for the National Dairy Support Project , a step that will benefit about 17 lakh rural milk producing households/
   The project will be financed by credit from the International Development Association (IDA), World Bank's concessionary lending arm, which provides interest-free loans with 25 years to maturity and a grace period of five years.

   
   

    april 5, 2012: “Samta Diwas” - Babu Jagjivan Ram’s 105th birth
   anniversary

   =>Which day in India is celebrated as “Samta Diwas”?
   =>The nation paid homage to the veteran freedom fighter and former DeputyPrime Minister and Defence Minister Babu Jagjivan Ram on his 105th birth anniversary. =>The day is also being celebrated as “Samta Diwas”. The day is so called to match his belief of bringing equality among all in the society.
   Babu Jagjivan Ram strove for over fifty years to bring in a just and egalitarian society and
   empowering the underprivileged. Jagjivan Ram was born on 5 April 1908, in Chandwa in a harijan family. At that time society played many societal taboos on them and the harsh rules made his world very eldritch from others. He was filled with pain at the troubles of the untouchables. Jagjivan Ram
   died in July 1986.

   
   

   India will allow FDI from Pakistan paving the way for industries from the neighbouring country to set up businesses in the growing Indian market.

   ^ India's trade deficit has surged to a whopping $185 billion for the financial year ended March 31, 2012 due to skyrocketing crude oil prices in the international market
   

   
   

   ^ Air India to get Rs 30,000 cr infusion

   Giving a major boost to cash- strapped Air India, the government announced a turnaround package with a Rs30,000 crore equity infusion over a nine-year period and induction of 27 Boeing 787 Dreamliners.

   
   

   Govt to infuse Rs. 1500 cr in public sector banks

   =>Finance Minister Mr. Pranab Mukherjee held that the Government will infuse nearly Rs 1,500 crore in the public sector banks during the current fiscal in order to enhance their financial strength. He held that the Indian Banking system is under restraints for some time and to ameliorate the capital adequacy of the
   public sector banks, the government is going to provide around Rs 1,500 crore in 2012-13 because banks should have enough capital to vie.

   
   

   
   

   
   

   
   

   
   

   
   

   
   

   
   

   
   

   
   

   
   

   
   

   
   

   
   

   
   

   
   

   
   

   
   

   
   

   
   

   POSTED 2 HOURS AGO #