GK Capsule For RBI Assistant Exam

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GK Capsule for RBI Assistant Exam 2015

CONTENTS
SNo
Topics
Page No
1.
Current Bank Rates
02
2.
Important Information about RBI
02
3.
Latest Banking NEWS Updates
07
4.
Business and Economy News (Last 6 months)
31
5.
Highlights of Budget 2015-2016
42
6.
Important Schemes launched by Government
45
7.
List of Appointments (Last 6 months)
51
8.
List of Awards and Honors (Last 6 months)
56
9.
List of Sports News (Last 6 months)
60
10.
List of Defense News (Last 6 months)
68
11.
List of Important Books and Authors (Last 6 months)
73
12.
Upcoming Summits and its Venue
76
13.
Important Organizations and its Headquarters
77
14.
Latest Banking Abbreviations-2015
78
15.
Important Days
79
16.
Country- Capital- and Currency
81
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Current Bank Rates

RATES /
RESERVE RATIOS
JANUARY FEBRUARY
MARCH
APRIL
MAY
JUNE
Bank rate
8.75
8.75
8.50
8.50
8.50
8.25
Repo rate
7.75
7.75
7.50
7.50
7.50
7.25
Reverse repo rate
6.75
6.75
6.50
6.50
6.50
6.25
Cash reserve ratio
4.00
4.00
4.00
4.00
4.00
4.00
21.50
21.50
21.50
21.50
21.50
21.50
8.75
8.75
8.50
8.50
8.50
8.25
(CRR)
Statutory Liquidity
ratio (SLR)
Marginal Standing
Facility (MSF)
Important Points To Be Known About RBI:

It was started on 1st April 1935.
1st Indian governor of RBI, Mr. Chintaman Dwarkanath Deshmukh
1st task of RBI was to
Prepare a 20 year road-map for financial inclusion
Make other banks to consider issuing loans to the poor liberally
Celebrated 80th anniversary on 2nd April 2015

Present governor Mr. Raghuram Rajan
On 23rd January 2015, has asked commercial banks to display
loan interest rates
total fees and chargers applicable on various types of loans
on their websites to
increase the level of transparency for borrowers
enable borrowers to take informed decision in taking loans
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To increase the insurance penetration in the country RBI has allowed banks to
Act as brokers for insurers
Sell insurance policies from different insurance companies
Set up their own subsidiaries and venture companies
Undertake referral services for multiple companies
RBI has relaxed Know Your Customer (KYC) norms for Non-Banking Financial
Companies (NBFCs) to lessen the practical difficulties faced by NBFCs in getting the
KYC done at frequent intervals. KYC for:
Low risk category customers

Before it was 5 yrs
Now it is 10 yrs
Medium risk customers

Before it was 2 yrs
Now it is 8 yrs
High risk customers

No change. KYC exercise to be done once in 2 yrs as before
On 19th January 2015, RBI asked the banks to notify base rate or minimum lending
rate, at least once in every 3 months based on the cost of funds. To enable
The borrowers to be informed about the new changes in the policy rates of
banks
RBI to increase the investment limit for foreign portfolio investors in government
securities by 5 billion.
On 13th February 2015, RBI announced to put currency notes with denomination of
Re.1 in circulation. These notes bear the signature of the finance secretary (Mr. Rajiv
Mehrishi) unlike the other currency notes that are signed by the RBI governor.
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Important companies that were seeking the license from RBI to set up their own
payment banks are as follows:
Reliance industries
Aditya birla group
Future group
Bharti airtel
Fino paytech
RBIs deadline for these companies ended on 2nd February 2015.

On 5th March 2015, RBI relaxed the norms for home loans up to Rs.10 lakhs by
allowing banks to include stamp duty and registration charges to the cost of a unit i.e.,
15% of the cost of the house.
RBI allowed banks to offer differential interest rates on term of deposits
For deposits of Rs.15 lakhs and below must have premature withdrawal facility
For deposits above Rs.15 lakhs, banks may or may not offer premature
withdrawal
RBI revised the priority sector lending norms which directs banks to lend to certain
segments by prescribing targets as a percentage of their total business
to ensure that 8% of their loans go to small and marginal farmers
RBI to set up an Information Technology wing to face the rising security challenges
coming from the cyber world
RBI to set up a Central Fraud Registry this enables
quick sharing of information about unscrupulous borrowers
helps banks fight bad loans
RBI announced that the Utility bills (Bills for postpaid mobile service, piped gas and
water supply) can be submitted as proof of address for opening an account with banks
or other financial institutions
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RBI allowed non-resident Indians (NRIs) to invest in chit funds on non-repatriation basis
without any ceiling
To increase the flow of capital into the country
On June 9th 2015, RBI launched Strategic Debt Restructuring scheme (SDR) to
trigger a change in management of chronically defaulting companies
to ensure promoters of defaulted companies to have more control
it should be approved by 75% of the creditors by value and 60% of creditors by

number
On 17th June 2015, RBI approved Kolkata based micro-financier, Bandhan Financial
Services, to start a full-fledged bank which will start to operate from August 23rd 2015
RBI extended the date to exchange pre-2005 bank notes till December 31, 2015 for the
third time. Reasons for withdrawing pre-2005 notes from circulation:
Security
Flushing out black money
A disincentive for cash hoarders
International standard practice
RBI has appointed Mrs.Meena Hemchandra as the executive director of
department of banking supervision
department of non-banking supervision
department of co-operative banking supervision
MoUs AND AGREEMENTS SIGNED BY RBI IN 2015:

An information sharing agreement with United States (US) banking regulators. Aims of
the agreement are as follows:
To enable better coordination with them in supervising financial institutions
To promote greater cooperation between financial supervisors of both the

countries
To share supervisory information among the authorities
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MoU with Banco Central do Brasil (BCB). This enables:
Cooperation and exchange of information between RBI and BCB
An agreement between RBI and Union Government on Monetary Policy Framework. It
empowers RBI to go for inflation targeting
empowers RBI to monitor its monetary policy to achieve inflation rate of 4% by

2016-17
Currency swap agreements(CSA) with Central Bank of Sri Lanka :
USD 400 million CSA for 3 yrs

To allow Sri Lanka to draw the amount in dollars or euros in multiple
branches
To provide a backstop line of funding for SAARC member countries to
meet balance of payments and liquidity crises
USD 1.5 billion CSA

To help Sri Lanka keep its currency stable since it has dropped almost 3%
in value compared to Indian rupees in 2015
BANS LIFTED BY RBI IN 2015 :

In May 2000, RBI had imposed a ban on carrying Indian bank notes of Rs. 1000 and
500 denominations to and from Nepal and Bhutan to reduce smuggling of counterfeit
currency. This ban has been lifted in 2015 with a clause that
Only upto Rs. 25,000/- can be carried across the borders
RBI lifted the ban on import of gold coins and medallions by banks and trading houses
FOREIGN DIRECT INVESTMENT (FDI) LIMITS 2015:

SECTOR
FDI
Public sector banks
20%
Pension
26%
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Stock exchanges
49%
Single brand retail
49%
Print Media
49%
Power exchange
49%
Petroleum and natural gas
49%
Insurance
49%
Defence
49%
Commodity Exchanges
49%
Multi Brand Retail
51%
Credit Information Companies
74%
100% FDI limit on the following sectors :
Agriculture
Asset reconstruction companies
Civil aviation
Courier services
Private sector banks
Special economic zones
Tea plantation
Telecom
Tourism
Latest Banking NEWS Updates

RBIS first review of FY16:
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Raghuram Rajan in known for his ability to surprise markets. At the Reserve Bank of India
(RBI)s first bi-monthly monetary policy review this financial year on 7 April, the central bank
governor remained true to that image.
Highlights
The repo rate, the rate at which the central bank lends money to banks, kept unchanged
at 7.5 per cent
The cash reserve ratio (CRR) (portion of deposits to be kept with the RBI) kept at four
per cent
Retains Statutory Liquidity Ratio (SLR) at 21.5 per cent
Estimates GDP growth at 7.8 per cent in FY16, up from 7.5 per cent in FY15
Forecasts CPI inflation at 5.8 per cent by March 2016
CPI inflation to dip to 4 per cent in Aug 2014
State cooperative banks to be allowed to set up offsite/mobile ATMs without prior

approval from RBI
RBI to formulate scheme for market making by primary dealers in semi-liquid and illiquid
G-Securities
Second bi-monthly policy statement on Jun 2

Whats worrying the RBI?
Inflation has bounced of Novembers low of 3.3 per cent to 5.4 per cent in Feb 2015, but
still below Jan 2016 target.
The recent bout of unseasonal weather developments and damage to select winter
crops might stoke worries over food inflation.
Global fuel prices have also bottomed out in recent weeks.
Pvt banks hike fines, charges from April 1:

The new financial year has begun with a new set of charges and higher penalties for
customers of private banks. Most large private banks including HDFC Bank, ICICI Bank, Axis
Bank and Kotak Mahindra Bank announced a hike in charges to nudge customers to use
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digital channels and move away from physical instruments such as cheques. In Nov last year,
RBI had asked banks to follow from Apr 1 the following rules:
A penalty which would be proportionate to the shortfall in minimum balance. The

charge for non-maintenance of average minimum quarterly balance is the most widely
applied charge by banks.
Banks are required to inform the account holder through email or SMS of imminent
charges when the balance requirement is breached.
Banks are barred from creating negative balances by imposing charges on the
grounds that charges will be deducted from future deposits.
RBI approves banks merge:

The Reserve Bank of India (RBI) on 1 April approved the merger of Kotak Mahindra Bank
and ING Vysya Bank. From now on, all ING branches will function as Kotak branches. The
acquisition will make Kotak Mahindra Bank the fourth largest private sector lender in the
country with about 1,200 branches and a total business of Rs. 2.25 lakh cr as on Dec 2014,
and a combined market capitalization of close to Rs. 1.25 lakh cr. In Nov 2014, Kotak
Mahindra had announced it was acquiring Bengaluru-headquartered ING Vysya in an all-stock
deal. In Feb 2015, the proposed Rs. 15,000-cr merger deal between the banks got the
Competition Commission of Indias approval. After the merger, the ING Group, with a 6.4 per
cent stake, will become the second-largest shareholder in the bank. According to regulations,
RBIs approval is required for an entity other than the promoter to have more than five per cent
stake in a bank.
IndusInd acquires RBS business:
The private-sector lender IndusInd Bank has announced to buy Royal Bank of Scotland
(RBS)s Diamond and Jewellery Financing business. Now, IndusInd will become the largest
private sector lender to the segment. This is part of the ABN AMRO NVs Diamond & Jewellery
Clients that is housed in Royal Bank of Scotland NV acting through its Mumbai branch in India.
The RBS of Scotland NV Diamond and Jewellery Financing loan book is approximately Rs. 45
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mn in size. Until ownership of the loans transfer to IndusInd Bank, day-to-day management of
the loan portfolio will remain with Royal Bank of Scotland NV. The deal is subject to regulatory
approvals. Moreover, before taking over as IndusInd CEO and MD, Ramesh Sobti was country
head at ABD AMRO. IndusInd Bank specializes in the diamond and jewellery financing
business and this acquisition will enhance its jewellery financing business and this acquisition
will enhance its position. RBI has been trying to exit its operations in India since its UK-based
parent went into a government bailout after the 2008 global credit crisis.
HDFC Bank leads in mobile banking:
The private-sector lender HDFC Bank has seen more than nine-fold growth in mobile
banking transactions in Jan 2015 compared to Jan 2014. The bank maintained the lead in
mobile transactions, with Rs. 4,906.86 cr worth recorded in Jan. According to data from the
Reserve Bank of India (RBI), it had 1, 49 mn transactions in Jan 2015 compared to 290,000
transactions in Jan 2014. The bank is followed by ICICI Banks, State Bank of India and Axis
Bank with respect to mobile-banking transactions. HDFC Bank is also launching a mobile
banking application (app) that will be available on the Apple Watch, to be launched in India
soon. Among public sector banks, Canara Bank saw one of the biggest jumps in mobilebanking transactions compared to Jan 2014.
India tops in remittance:
The World Bank has said India continues to be the leading nation in remittance pulling in
USD 70 bn from its global migrant workforce in 2014. Remittance to the developing world is
expected to reach $440 bn in 2015, an increase of 0.9 per cent over the previous year. Global
remittances, including those to high-income countries, are projected to grow by 0.4 per cent to
high-income countries, are projected to grow by 0.4 per cent to $586bn. United States, Saudi
Arabia, Germany, Russia and the United Arab Emirates (UAE) remained the top five migrant
destination countries and apart from India, China, Philippines, Mexico and Nigeria are the top
five remittance recipient countries, in term of value of remittance
Railway launches RuPay card:
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The Indian Railways has launched RuPay pre-paid debit card service for the railway
passengers. The service was launched by Indian Railway Catering and Tourism Corporation
(IRCTC) in collaboration with the Union Bank of India (UBI) and the National Payment
Corporation of India (NPCI).
Highlights
By using these cards, passengers now can book their tickets, do shopping and pay
service bills.
Initially the service will be available only for booking rail tickets and later on facility of
shopping and bill payments will be upgraded.
These cards will be made available from UBI offices or through IRCTC online.
The cardholder can have a loading limit of Rs. 10,000 with partial Know Your Customer
(KYC) detail or with full KYC details of Rs. 50,000 loading limit.
For every month, first five transactions done per card for purchase of train tickets
through IRCTC will be free. For subsequent transaction after free usage limit, customer
will be charged extra Rs. 10 per transaction.
For the first six months no transaction charges will be levied from the customers for
usage of this service.
The card holder will get free Rs. 1 lakh accident insurance coverage as part of the
benefits to customers.
In order to make the card attractive, reward points will be given on each transaction.
RBIs currency swap pact with Sri Lanka:

RBI on 25 March signed a $400-mn currency swap agreement with the Central Bank of Sri
Lanka for three years that will allow the island nation to draw the amount dollars or Euros in
multiple tranches. The Central Bank of Sri Lanka can make withdrawals of US Dollars or Euro
in multiple tranches up to a maximum of USD 400mn or its equivalent. The agreement is
expected to further economic co-operation between the two countries. The swap arrangement
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is intended to provide a backstop line of funding for the SAARC member countries to meet any
balance of payment and liquidity crises till long-term arrangements are made.
HDFC Bank opens account in i-watch banking:
The countrys second-largest private sector bank, a market leader in mobile banking space,
has charted a new path by entering watch banking. HDFC Bank is set to become the first
Indian bank whose mobile-banking application (app) will be available in Apple Watch, which
will be launched in India soon. HDFC Bank is probably the fourth lender in the world to have
such an app. HDFC Banks mobile banking app has about 75 features and those that are
commonly used will be available in the watch, such as balance enquiry, re-charge of pre-paid
mobile phones, cheque book request, account statement as well as paying utility bills.
PM launches MUDRA Bank:
Prime Minister Narendra Modi on 8 April 2015 launched Micro Units Development Refinance Agency (MUDRA) Bank in New Delhi.
Highlights
MUDRA Bank will act as a regulator for Micro-Finance Institutions (MFIs) involved in
manufacturing, trading and service activities to promote their growth.
The Pradhan Mantri MUDRA Yojana will be the main support system for the bank and
will be the part of Small Industries Development Bank of India (SIDBI).
The MUDRA Bank was proposed in Budget 2015-16 by Union Government with an
initial corpus of Rs. 20,000 cr.
Apart from this, Rs. 3,000 cr has also been earmarked as credit guarantee corpus.
The envisaged roles for MUDRA Bank:
To formulate policy guidelines for micro-enterprise financing business and registration of

MFI entities
To undertake rating and accreditation of MFI entities
To develop standardized set of guidelines in order to govern last-mile lending to micro

enterprises
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To promote appropriate technology solutions for the last mile
To formulate and operate credit guarantee scheme in order to provide guarantees to

loans and portfolios that are extended to micro enterprises
To support promotional and development activities in the sector and create a good
architecture for last-mile credit delivery.
MUDRA Bank will provide financing on 3 stages - Shishu, Kishore and Tarun. Shishu is
the first stage in which loan cover up to Rs. 50,000 will be given to a business entity at
the start of business. Kishore is the second stage in which loan cover ranging from Rs.
50,000 to Rs. 5 lakh will be given. Tarun is the third stage in which loan cover up to Rs.
10 lakh will be given.
Central Bank tops NPA list:

The Central Bank of India has topped the list of public sector banks (PSBs) with the largest
bad loans, including restricted asset as a percentage of total advances. According to the data
provided by the Reserve Bank of India (RBI) to the finance ministry, Central Bank of Indias
21.5 per cent assets are either bad or have been restructured to save these turning into nonperforming asset (NPAs). The other banks which have significant amount of gross NPAs and
restricted loans are United Bank of India (19.04 per cent), Punjab & Sind Bank (18.25 per cent)
and Punjab National Bank (17.85 per cent) as of December 2014.
Indian Overseas Bank, State Bank of Patiala, Allahabad Bank and Oriental Bank of
Commerce all have bad and restructured loans in excess of 15 per cent. This rising bad loans
have become a major concern for the RBI and the government.
Easier KYC norm for sole owner companies:
Relaxing Know Your Customer (KYC) norms, the Reserve Bank of India (RBI) has allowed
sole proprietor firms to open accounts in cooperative banks by giving a single proof of their
business. Earlier, they were required to give two such documents. In case where the banks are
satisfied that it is not possible to furnish two such documents, they would have the discretion to
accept only one of those documents as activity proof, the RBI has said in a communication to
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urban, state and central cooperative banks. The RBIs decision has come after being told that
such firms were facing difficulties with regard to furnishing two documents as business activity
proof while opening accounts of sole proprietary firms in certain cases.
ICICI Bank to roll out voice authentication:
When a customer calls up ICICI Bank in coming weeks, in 10 seconds the banks servers
will identify his accounts details and authenticate his identity by picking a voice sample and
matching it with the database. Not just that, in future voice data would be analyzed to identify
whether the caller is agitated, irate or in a hurry to avoid cross-sell pitches. ICICI Bank has
become the first in the country and among the few in the world to deploy voice-recognition
technology for biometric authentication. The new facility will enable customers to call up and
ask for funds to be transferred to registered beneficiaries or bills to be paid without having to
enter 16-digit numbers or keying in their PIN. The cutting-edge technology comes from Nuance
Communications, a Massachusetts-based firm that created the technology behind Siri-Apples
voice-recognition software. To ensure safety, the bank is enabling this feature only on calls
made from the customers registered phone.
Rules eased from bad loans:
The Securities and Exchange Board of India (SEBI) has relaxed norms for conversion of
the distressed loans of listed companies into equity by banks and financial institutions, SEBI
decided to adopt a fair price mechanism for conversion in place of the current market pricing
formula. Bad debts or non-performing assets of all public sector banks rose to 5.64 per cent of
advances at the end of Dec 2014, which is the highest after the 5.73 per cent recorded in
2004-05. The new rule will be applied only when banks acquire at least 51 per cent of the
equity. The Reserve Bank of India will also come out with detailed guidelines. Currently, banks
can convert debt into equity in case of bad loans but there are regulatory issues with regard to
distressed listed companies.
RBI overhauls priority sector lending targets:
The Reserve Bank of India (RBI) on 23 April recast its rules for priority sector lending
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Highlights
The foreign banks with less than 20 branches will also have to lend 40 per cent of
average net bank credit (ANBC) to the priority sector like any other commercial bank in
the country.
Such banks have been given time till the end of fiscal year 2020 to do so. This segment
of the banking sector was earlier exempted from this rule.
Foreign banks with less than 20 branches have been allowed to include export credit up
to 32 percent of their priority sector which will make it easier for them to achieve their
target.
Broad-basing the priority sector, RBI added three more categories into the fold:
1. Medium enterprises
2. Social infrastructure
3. Renewable energy
The existing ones include agriculture, micro and small enterprises, export credit,
education, and certain categories of housing.
Banks have to lend 8 per cent (7 per cent by March 2016 and 8 per cent by March
2017) of their credit to small and marginal farmers, defined as farmers having less than
two hectares of land.
They will also have to lend 7.5 per cent (7 per cent by March 2016 and 7.5 per cent by
March 2017) of their loans to the micro enterprises, entities whose investment in plant
and machinery does not exceed Rs.25 lakh.
To achieve these targets, RBI will release guidelines for priority sector lending
certificates, which will be eligible for classification under priority sector provided the
assets are originated by banks.
To prod banks to take the targets seriously, RBI said it would assess the nonachievement of lending norms every quarter at the end of year from 2016-2017 instead
of annual basis as at present.
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Loans to individuals up to Rs.28 lakh in metropolitan centres (with population of 10 lakh

and above) and loans up to Rs.20 lakh in other centres for purchase/construction of a
dwelling unit per family will come under priority sector provided the overall cost of the
dwelling unit in the metropolitan and other centres should not exceed Rs.35 lakh and
Rs.25 lakh respectively.
Banks cap micro ATM withdrawal limit:

The banks have firmed up the upper limit on withdrawals at micro automated teller
machines (ATMs) at Rs.10, 000 as part of rules governing small transactions, especially
under financial inclusion. They will levy an interchange fee of Rs.2 for withdrawal up to
Rs.2, 000 per transaction. The charge will rise to Rs.15 per withdrawal for amount between
Rs.5, 001 and Rs.10, 000.Banks will not levy interchanging fee for non-financial
transactions at micro ATMs.The switching fees have waived up to Dec 2015, subject to
review. The rates and rules are applicable for cash withdrawals using a card at micro
ATMs.Micro ATMs are similar to point of sale (PoS) terminals but are so called as the
handheld devices are used by business correspondents to accept deposits and dispense
cash.
BoB ties up with UAE Exchange:
The Bank of Baroda, leading Indian Public Sector bank, has toed up with UAE
Exchange to offer an instant cash transfer facility to NRI customers.UAE Exchange, a
global remittance and foreign exchange company, serves over 7.9 mn customers
worldwide and currently has over 750 branches across 32 countries. Following the
agreement, customers can send money to their desired bank accounts in Bank of Baroda in
India, within minutes. The customers using this facility will also get an SMS notification the
moment the amount is credited in the bank account. Bank of Baroda has a network of more
than 5,000 branches across Europe, US, Africa, Asia and Australia and in financial centres
like New York, London, Dubai, Hong Kong and Singapore.
Banks gross NPA ratio rises:
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The banking sectors asset quality woes further worsened in the last one year, with
gross non-performing asset(GNPA) ratio inching to 4.45 per cent as on March 15 this year,
as compared to 4.1 per cent in March 2014,according to the latest data released by the
Reserve Bank of India (RBI).However, there are some indications that asset quality might
have stabilised in the last six months of 2014-2016.GNPA was reported by RBI Deputy
Governor SS Mundra.Stressed assets ratio, which is GNPA plus restricted standard
advances for the system, stood at 10.9 per cent, as at the end of March 2015 as compared
to 10 per cent in March 2014 and 10.7 per cent in Sep 2014.
ADB to give $ 31 mn for K taka project:
The Asian Development Bank (ADB) has linked a pact with India to provide a loan worth
USD 31 mn for sustainable water resource management in the river basins in Karnataka.
The ADB and the Govt of India on 7 May signed a USD 31-mn loan deal to boost water
availability in selected river basins in Karnataka through implementation of integrated water
resources management (IWRM) and improved water efficiency in irrigation. The loan is the
first tranche of the USD 150 mn Karnataka Integrated and Sustainable Water Resources
Management Investment Programme approved by the multilateral funding agency in 2014.
Plan to strip RBI of powers dropped:
The Finance Minister Arun Jaitley on 30 April tried to soothe the Reserve Bank of India
(RBI) and Foreign Institutional Investors (FIIS) by making changes to the Finance Bill. The
Finance Bill for 2015-2016 was passed in the Lok Sabha on 30 April. To make peace with the
RBI, Jaitley deferred the plan to set up a Public Debt Management Authority (PDMA), Which
would have taken away the Central banks power of regulating the Govs borrowing market.
The Bill had also proposed that SEBI would regulate the govt securities market. Jaitley tried to
give some relief to the FIIs by exempting certain categories of income from Minimum Alternate
Tax(MAT).Stating that MAT on FIIs has been done away with from April 1,2015,the Finance
Minister said the issue of levy of the tax in pat cases was now pending in the Supreme Court.
NPCI cuts ATM Switch Charges:
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The National Payments Corporation of India (NPCI) has cut switching fee for ATM
transactions by 10 per cent to Rs. 045 on surge in transaction volumes to 270 mn per month
from 80 mn per month four years ago. The new rate has become effective from May 01,
2015.In 2010, NPCI had reduced the switching fee by half to Rs.0.50% per transaction. There
is scope for the fee to go down further in view of the surging volumes.NPCI managing director
and chief executive AP Hota said the company could certainly look at revising rates
(downwards) further depending on further growth in volumes and saving on costs.
Switching fee is charged by the NPCI for routing ATM transactions through connectivity
between banks Switches. This enables customers to use any ATM of a connected bank.
PSBs dominate credits, deposits space:
The state owned lenders remain dominant players in Indias banking system with SBI
group alone accounting for about a quarter of the market share both in the credits as well as
the deposits arena. Public sector banks(PSBs) had 73.2 per cent and 73.9 per cent market
share in credits and deposits respectively as of end March 2014,as per the latest Basic
Statistical returns of commercial banks (BSR report),volume 43 by the Reserve Bank of India.
According to the BSR 2014 report, as of March 2014,gross outstanding credit of the system
rose 13.7 per cent to Rs.62,8,.082 cr in 2013-2014.In the previous fiscal, it had registered an
increase of 15 per cent. The deposits stood at Rs.79,55,721.22 cr,up 13.4 per cent in 2014 as
against 15.4 per cent in 2013.The BSR report said aState Bank of India Group s credit share
stood at 22.1 per cent of the total at Rs.13,90,569.58 cr,while their deposit share stood at
Rs.17,11,690.86 cr or 25.9 per cent as of March 2014.
HDFC makes to worlds top -10 list:
Mortgage lender HDFC has emerged as the only Indian company among the worlds 10
biggest consumer financial services firms. The bank is ranked 7th on the list, compiled by
business magazine Forbes, where American Express is placed on the top followed by Capital
One Financial,Visa,Discover Financial Services and Orix in the top five. MasterCard is ranked
sixth.HDFC is followed by CIT Group of the US at eight position,Taiwans Hua Nan Financial at
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9th and Chinas Franshion Properties is at the 10th place. The list is part of Forbes annual
compilation of 2,000 biggest and most powerful companies globally, which includes a total of
56 companies from India across various sectors. In the overall list, HDFC is ranked 485th, while
Mukesh Ambani-led Reliance Industries leads the pack of the Indian companies at 142 nd
overall position.
DBS submits application to RBI:
The Singapore-based DBS Bank has applied to the Reserve Bank of India(RBI) to
convert its branches into a wholly-owned subsidiary (WOS).The lender submitted an
application to the regulator in April this year. This bank wants to scale up its presence in India
from being a large corporate bank to being a more universal kind of a bank. On the back of
subsidiarisation approvals, it wants to use the platform to expand its business into more cities,
have a deeper presence and build its SME (small and medium enterprises) and the consumer
finance business as well. To scale up its presence in India, the lender is looking at having a
network of 50-75 branches in the next three five years.Currently; they have 12 branches in
the country.
Payments up to Rs.2, 000 via NFC allowed:
Now, you can make payments up to Rs.2,000 using NFC(near field communication)enabled credit and debit cards without punching the password at any retail outlet or while
shopping online. This is possible because the Reserve Bank of India has waived the second or
the additional factor of authentication(AFA) for small-value transactions.NFC technology
allows users to simply tap their cards onto a point- of- sales equipment to make payments.
Unlike existing credit cards, there is no need for swiping. Over 60 per cent of transactions on
Credit and Debit cards today are below the threshold of Rs.2, 000 and this is likely to increase
with the new guidelines.Globally, NFC-based payments are popular in categories like Quick
service restaurants, Department stores, Campus payments, Cab charges etc.
RBIs policy review on 2 June:
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In keeping with demands and expectations by industry, the Reserve Bank of India in its
second bi-monthly monetary policy statement for 2015-16 cut the benchmark repo rate, or the
rate at which banks borrow from the central bank, on 2 Jun.
Highlights
Short-term lending rate (repo) cut by 0.25 percent to 7.25 percent
This is the third repo rate cut of 25 basis points each since Jan 2015
Cash Reserve Ratio (CRR) unchanged at 4 percent
Statutory Liquidity Ratio (SLR) retained at 21.5 percent
Inflation expected to rise to 6 percent by Jan 2016
Growth forecast lowered to 7.6 percent for 2015-16 from 7.8 percent projected in Apr
Banks asked to pass on benefit of rate cuts to borrowers
Targeted infusion of bank capital into PSU banks needed to ensure credit flows to
productive sectors
Third bi-monthly policy statement on Aug 4
HDFC to raise Rs 5k crore:

The Housing Development Finance Crop (HDFC), the largest mortgage lender in the
country, on 8 Jun said its board of directors had approved fund-raising worth Rs 5,000 cr
simultaneously by secured redeemable non-convertible debentures (NCDs) and warrants. The
funds will be used for making provision for deferred tax liability (DTL), financing business
growth and could also be used to increase or retain its current stake in HDFC Bank.
HDFCs stake in the bank, the countrys second largest private sector bank, has fallen to 21.7
percent from 22.5 percent after the latters Qualified Institutional Placement.
Banks get freedom to take 51% stake:
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In a significant move to provide a more flexible process for lenders to recover bad loans,
the Reserve Bank of India (RBI) on 8 Jun allowed banks to acquire 51 percent or more stake in
companies defaulting after restructuring of their loans.
Highlights
The strategic debt restructuring will allow lenders to convert dues into equity shares.
This will take place when a borrowing company fails to achieve financial milestones even
after debt recast.
The debt-equity conversion clause will be incorporated in the debt recast plan.
Condition
Decision to invoke strategic debt restructuring (SDR) will be taken within 30 days of recast
account review.
75 percent of banks by value and 60 percent by number of banks must approve the
proposal.
After the conversion, lenders under joint lenders forum (JLF) must collectively hold 51
percent or more of equity.
The SDR package must be approved within 90 days of approval.
Capital infusion would be need-based:

The govt has decided to infuse capital in public sector banks (PSBs) based on the
requirement of individual lenders-which is a departure from the precedent set last year. The
govt has asked PSBs to make detailed presentations on their capital requirement for the
current financial year. If the govt is convinced that a bank needs funds, then it will infuse
capital. The govt has earmarked Rs 7,940 cr for capital infuse in PSBs in 2015-16. Some of
the banks such as UCO Bank and United Bank of India had told the govt they would not need
any capital from the govt in the current year. State Bank of India Chairman Arundhati
Bhattacharya also said they had not asked for any capital so far from the govt.
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Utility bills valid proof of address:
Utility bills can now be submitted as proof of address for opening account with banks or
other financial institutions, the Reserve Bank of India said on 11 Jun.
Highlights
Utility bill which is not more than two months old of any service provider (electricity,
telephone, postpaid mobile phone, piped gas, or water bill) for the limited purpose of proof
of address will be deemed to be officially valid documents (OVDs) under simplified
measures.
The govt has amended the Prevention of Money Laundering (Maintenance of Records)
Rules, 2005 providing additional relaxations for the purpose of proof of address.
Bank account or Post Office savings account statements and pension/family pension
payment orders(PPOs) issued to retired employees by govt departments or PSUs, if they
contain the address too, will be officially valid documents.
A letter of allotment of accommodation from employer issued by govt, regulatory bodies,

PSUs, banks, financial institutions or listed companies has also been added to the list of
OVDs.
Documents issued by govt department of foreign jurisdiction and letter issued by a foreign
embassy or mission in India too are OVDs.
In July last year, the RBI had said that only passport, driving license, PAN card, voters
identity card, MNREGA job card and Aadhaar number were to be considered officially valid
document for proof of identity and address.
ADB to increase annual lending to India:

The Asian Development Bank (ADB) has decided to increase its lending to India as part
of efforts to support the countrys new initiatives that target higher growth and reduced poverty.
From being an average $ 3-bn annual lender, ADB will move towards annual lending of $ 4 bn
to India in next few years. This was announced by the visiting ADB Bank President Takehiko
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Nakao. The Modi-Led Govts new initiatives that would be supported by ADB under the
enhanced lending would include Make in India, Skill india, Clean India (Swachh Bharat
Mission), Smart Cities and Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
Bandhan gets final RBI nod:

After a gap of more than a decade, a new private sector lender will start operations from
Aug 23. The Kolkata-based micro financier, Bandhan Financial Services, received the final
approval from the Reserve Bank of India on 17 Jun morning. The bank will not give loans to
the corporate sector, at least for the time being, and focus on its strength, that is serving the
bottom of the pyramid category. The lender will start with 600 branches, of which 200 will be in
metro and urban areas and the remaining in semi-urban and rural areas. While RBI norms
require us to open 25% of the branches in the unbanked areas, we will open 40% of the
branches in those areas, Chandra Shekhar Ghosh, Founder & Chairman of Bandhan said. It
will start with Rs 11,000 cr book and a capital of Rs 3,200 cr-far above the regulatory
requirement of Rs 500 cr.
Design your own loan with HDFC Bank:

In probably a first-of-its-kind loan against shares(LAS) offering, HDFC Bank is allowing
customers to design their own loans. The entire loan offering is digitized and is aimed at
reducing the time taken for the loan approval and disbursement from four to eight days(across
the industry) to 24 hours. Instead of visiting the branch to select their shares they want to
pledge for taking the loan, a customer can go online and through his demat account set his
would like to pledge with the bank. The bank reduced the disbursal time for auto loans to 30
minutes some time ago.
BIS pat for RBI:
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The Bank for International Settlements (BIS), the apex bank for all central banks, has
complimented the Indian banking authorities for their substantial reforms and alignment with
the Basel framework. According to BIS Regulatory Consistency Assessment Programme
(RCAP), which evaluates a countrys readiness for Basel III norms. The risk-based capital
requirement issued in Jul 2014 are assessed as compliant with the minimum Basel capital
standards. All 14 components of the Basel framework included in the assessment have been
assessed as compliant. Observing that the additional regulatory initiatives undertaken by the
RBI improved the level of compliance, it said that the assessment would have generated a
relatively less positive result in the absence of these change. The Indian Basel III framework
for bank risk-based capital requirement came into force in Apr 2013.
RuPay credit cards to roll out next year:

RuPay, Indias own card payment system floated by the National payment Corporation
of India (NPCI) would roll out RuPay Credit cards from next year. Issuance of the card is
expected to give Visa and MasterCard a tough competition, since the debit card issued by
RuPay by banks in India has revealed that there is a huge potential for cards penetration and
transaction. About 13 percent of total transactions on ATM, Point of Sale (PoS) and ecommerce have come through the scheme within a year of introduction of RuPay cards.
RGTIL gets loan restructuring package:

The Reliance Gas Transportation Infrastructure Ltd(RGTIL), an unlisted company
owned by Indias richest man, Mukesh Ambani, has received a generous loan-restructuring
package from Indian banks after the company incurred huge losses in the past few years.
This is the first time any company owned by Ambani has sought loan rescheduling from banks.
The companys losses were mainly due to a continuous fall in gas production from Reliance
Industries Ltds(RILs) KG-D6 block off Andhra coast. It has received a sanction from PSBs to
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repay its principal loan by 2030-31, as against the current repayment schedule of doing so
over the next four years. The company had a total debt of Rs 16,010 cr as of 2014-15.
WB approves $250-mn loan for J&K:

The multilateral lender World Bank on 3 Jun approved $ 250 mn loan for Jhelum and
Flood Recovery Project for reconstruction of flood-affected public infrastructure in Jammu &
Kashmir. It will also strengthen the capacity of state govt to respond and better manage natural
disasters in future. The project will be funded by credit from World Banls concessionary
International Development Association (IDA). The loan has a maturity of 25 years, including a
5-year grace period.
Indian inks pact with World Bank:

The central govt has signed a deal with the World Bank for a $400mn loan for an urban
development project in Tamil Nadu. The size of the projects is $600 mn, of which $400 mn
would be financed through the International Bank for Reconstruction and Development. The
projects objective is to improve urban services in urban local bodies of Tamil Nadu. The
project will support improvement in services, including water, sewerage, municipal solid waste,
urban transportation, sewerage management and storm water drainage.
China AIIBs top shareholder:

Based on the Asia Infrastructure Investment Bank (AIIB) members GDP weight in the
world in the economy, china will become the banks largest shareholder, followed by India and
Russia. China is likely to have a 30.85% share in the bank, followed by India with 10.4 percent.
Based on the GDP and Purchasing Power Party (PPP) China was expected to get the post of
President followed by India as one of the vice presidents.
Founding member of the bank will initially pay up to one-fifth of its $ 50-bn authorized
capital, which will be raised to $100 bn. A total of 57 countries have joined AIIB as founding
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members, including 37 from Asia, which is set to mainly finance major infrastructure projects in
Asia.
HDFC Bank to stop paper slips:

The second-largest private sector lender HDFC Bank has decided to discontinue
issuing slips after cash withdrawals at ATMs and will alert the customer through SMSes. The
bank will roll out the scheme across its network of over 11,700 ATMs by the end of Jun. The
bank witnesses an average of 2 cr cash withdrawals every month at its ATMs. The switch to
paperless mode will help it save about Rs 10 cr a year spent on paper. At present, customers
are given a choice on whether they want a printed receipt or not. However , much of the
receipts get discarded as soon as they come out and if not disposed off in the right way, also
pose a security risk as they contain private information. This is a part of the digital initiative for
the bank, under which it had last year launched the Green PIN scheme, wherein card-user
were given the PIN number electronically rather than in a printed kit.
SBI turns aggressive in digital, online space:

The State Bank of India (SBI) is aggressively trying to grab a piece of the business in
the digital commerce space. The countrys largest lender on 20 May signed memorandum of
understanding with Amazon to develop payment and commerce solutions for customers and
small businesses. SBI Chairman Arundhati Bhattacharya said the bank was exploring ways to
fulfil the aspirations of millions of customers. The SBI also inked two MoUs-one with ecommerce major Snapdeal and the other with digital payment company, PayPal. The MoU
with Snapdeal is for seller financing schemes under the e-commerce majors Capital Assist
Program. In the case of PayPal, the partnership will promote cross-border trade and payments
helping especially the small and medium enterprises.
ICICI launches voice password facility :

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The ICICI Bank launched voice recognition service which authenticates customers
based on their speech patterns and allows them to execute banking transactions through the
banks cell centre in a quick, secure by a bank in the country, it is available to over 33 mn
customers of its savings account and credit card. With the voice recognition technology in
place, customer are no longer required to enter their card numbers, PIN and answer security
question to authenticate themselves. Their voice will now act as the password for banking
transactions through the call centre. The voice recognition technology works on voice prints,
which are unique to an individual. It comprise more than 100 characteristics, including voice
modulation, speed, accent and pronunciation which are impossible to imitate, thereby
enhancing security. The bank had earlier launched other innovative service that include new
applications for mobile banking, fully automated and touch banking branches, tab banking,
banking on Twitter, contactless debit and credit cards, and Pockets, a digital bank on the
mobile phone.
ANZ Bank to open two branches in India:

ANZ Bank will open two more branches in India by early next year. The two branches
would opened at Gurgaon and Bangalore. The bank opened its first branch in India at Mumbai
four years ago. The Gurgaon branch is expected to open in a few months and the Bengaluru
branch, which would be a rural branch, may be opened by early next year. In Jun 2014,
Australia New Zealand Banking Group (ANZ) said it received in-principle approval from the
Reserve Bank of India to open new branches in Gurgaon and in outer Bengaluru.
Its Mumbai branch offers Indian Rupee and foreign currency services, working capital
and term financing, transaction banking, global markets, deposits and advisory services.
Govt banks to say closed on Saturdays:
Following a pact between public sector bank (PSB) employees and officers with the
management, all branches in the country will remained closed on all second and fourth
Saturdays from July. TM Bhasin, chairman of the Indian Banks Association (IBA), said the
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Reserve Bank of India had approved the proposal. PSB branches will work fulltime on the first
and third Saturday of each month. Bankers said with a robust system of alternate banking
channels like ATMs, points of sale (PoS) and internet banking, customer services would not
suffer.
IBA has also signed a wage settlement pact with the United Forum of Bank Unions and a few
others, for a 15 percent increase in salary and allowances to about a million employees. The
wage revision is with effect from Nov 1, 2012, and is valid for five years.
Five global banks to pay $5.7bn:

Five of the worlds largest banks, including JPMorgan Chase&Co and Citigroup Inc,
were fined roughly $5.7 bn, and four of them pleaded guilty to US criminal charges over
manipulation of foreign exchange rates, authorities said on 20 May. A fifth bank, UBS AG, will
plead guilty to rigging benchmark interest rates, the US Justice Department said. They are
accused of conspiring to fix prices and rig bids for US dollars and euros in the foreign
exchange spot market. Euro dollar traders at four of the banks described themselves as
members of The Cartel and used an electronic chat room and coded language to
manipulation exchange rates to increase profits, the justice Department said. The fines
announced follow agreement in Nov with many of the same banks over currency trading and
bring total penalties to nearly $9 bn, the Justice Department said.
RBI allows companies to borrow in rupees:

The Reserve Bank of India (RBI) on 21 May relaxed rules for Indian companies to raise
money in rupees from overseas lenders. The overseas lenders will have to enter into currency
swap transactions with their overseas banks, who in turn will provide rupees by tapping a bank
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in India for extending funds in rupees to the corporate. Earlier, an Indian corporate offshore
had no access to borrow in rupees from overseas market and had to first take a dollar loan and
then convert the same into rupees, which included undertaking the foreign currency risk.
However, under the relaxed rules, the forex risk will shift from Indian corporate to the lender of
that fund offshore, a senior foreign banker said.
Chinese, Japanese can use Indian ATMs:

Chinese tourist and people working in India may soon be able to use automated teller
machines (ATMs) and point of sale (PoS) terminals in the country to withdraw cash in the
Indian currency. AP Hota, managing director and chief executive officer at NPCI, made this
announcement. The National Payments Corporation of India (NPCI), an agency backed by the
Reserve Bank of India (RBI) that processes retail transactions in India, has signed an
agreement with UnionPay International, its counterpart from china, to allow Chinese customers
to use ATMs and PoS terminals in India. There are about 2mn Chinese tourists who visit India
each year. Chinese UnionPay International is not supported by Us-based Visa Inc and
Mastercard Inc, which is why Chinese customers cannot use their cards in India as of now.
The NPCI signed a similar agreement with Japans JCB International last year.
Japan unveils $110-bn plan to fund Asia infra:

Japan unveiled a plan on 21 May to provide $110 bn in aid for Asian infrastructure
projects, as China prepares to launch a new institutional lender that is seen as encroaching on
the regional financial clout of Tokyo and its ally Washington. The amount of Japanese funds, to
be invested over 5 years, tops the expected $ 100 bn capitalization of the Asian Infrastructure
Investment Bank (AIIB), the Beijing-sponsored lender scheduled to begin operations next year.
Japanese officials said the plan, announced by Prime Minister Shinzo Abe, represents a 30
percent increase over Tokyos past infrastructure funding. About half the funds will be
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extended by state-affiliated agencies in charge of aid and loans and the rest in collaboration
with the Asian Development Bank (ADB).
Higher fund limit under liberalized remittances:

The govt has issued rules to raise limit on funds individuals can take abroad under
liberalized remittances scheme. The limit has been raised to $ 2.5 lakh (about Rs 1.6 cr) from
the current Rs 1.25 lakh (about Rs 80 lakh). The RBI bad ahd announced this increase in the
Feb monetary policy. The new rules, the Foreign Exchange Management (Current Account
Transactions) Amendment Rules, 2015, clearly list remittances that require RBIs permission.
Individuals can use this facility to transfer funds for private visits to any country (except Nepal
and Bhutan), gift or donation, going abroad for employment, emigration, maintenance of close
relatives abroad, travel for business, or attending a conference or specialized training or
medical treatment abroad. Studies abroad and any other current account transaction are also
covered under this scheme.
Worlds first facial-recognition ATM:

China has unveiled the worlds first facial-recognition ATM, which will not allow users to
withdraw cash unless their face matches their Ids. The machine was created by Tsinghua
University and Hangzhou-based technology company Tzekwan. It has a camera installed in it
that captures the facial features of the user and then compares it with a database of
identification photos. It looks at biological features and the developers say it can identify
people even if their features have changed.
Kotak,ING ink MoU:

Kotak Mahindra Bank and ING Bank have joined hands for exploring opportunities
arising from cross-broder business, investment and trade flows across various regions,
including Europe. A Memoradum of Understanding (MoU) to this effect was signed in the
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presence of the visiting Netherlands PM Makr Rutte to India on 5 Jun. the MoU covers an
array of co-operation in areas such as trade finance, remittances and services related to nonresident Indians, funding to counterparties, coporate relationships, fee-based products, direct
banking and digital strategy, and cross-border debt capital markets and mergers and
acquisitiona.ING Bank will give clients from The Netherlands and the ither 39 countries, where
it is active in commercial banking access to Kotaks services in the vast Indian market while at
the same time it will offer the combined clients in India the opportunities of INGs international
network.ING Bank holds 6.5 percent stake in the countrys fourth largest private sector lender.
Business and Economy News (Last 6 months)
India and Japan has signed an agreement to boost the trade investment.
Japans Minister for Economy, Trade and Industry Mr. Yoichi Miyazawa and Indias
Minister of State for Commerce and Industry Nirmala Sitharaman has signed this
agreement that comes in line with Union Government flagship.
Flipkart acquires mobile marketing to strengthen its mobile platform.
In order to strengthen the mobile platform, Flipkart has acquired the mobile marketing
start-up Appiterate, which aims to increase its presence in the area of mobile
technology.
Capgemini acquires IGATE for $4 billion.
Capgemini a French IT Service company has acquired the US based information

technology outsource company IGATE for US 4 billion dollars.
This deal will finalize in the second half of 2015 and this will help Capgemini to
strengthen its foothold in North America in market.
India has become the fourth largest supplier of generic medicines to US Government.
As per the report by Minister of State (MoS), India has come out as fourth largest
supplier of generic medicines to US.
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Indias generic medicines exports have touched over US 4 billion dollars in 2013-14.
National Institute of Electronics and Information Technology signed MoU with snap deal.
National Institute of Electronics and Information Technology (NIELIT) on 23 April 2015

signed a Memorandum of Understanding (MoU) with e-commerce snap deal.
Snapdeal by being a knowledge partner will provide inputs on the course will facilitate
industry interactions for their participants.
CCEA has approved three highway projects in three states
The Cabinet Committee on Economic Affairs (CCEA) has approved three highway
project in Haryana, Uttar Pradesh and Maharastra with total cost of 5,150 crore rupees.
All the three projects will be implemented on Build operate transfer BOT model.
MoU signed between NRL and BPC
A Memorandum of Understanding (MoU) was signed between Numaligarh Refinery

Limited (NRL) and Bangladesh Petroleum Corporation to export Petroleum products to
Bangladesh.
It was signed by General Managers of BPC Mr. Mustafa Qudrat-I-Elahi and NRLs GM
Mr. Bruno Ekka.
ICICI Bank launches Tap-n-pay payment services.
Indias largest private sector bank Industrial Credit and Investment Corporation of India
(ICICI) Bank has launched a payment service called Tap-n-pay which was launched by
the collaboration with Tech Mahindra.
This allows the ICICI customers to transfer money to the Tap-n-Pay account via SMS.
Oil India Commissions 54MW capacity wind energy projects in Gujarat and Madhya Pradesh.
Indias second largest state owned oil Explorer Company, Oil India Limited (OIL) has
commissioned 54 MW wind energy project between Gujarat and Madhya Pradesh.
The project is fully funded by OIL and its cost is Rs. 439 crore.
BHEL has signed MoU with INTMA to build a power plant in Kazakhstan.
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Bharat Heavy Electricals Limited (BHEL) signed a Memorandum of Understanding

(MoU) with Russian company INTMA to set up a gas-based power project in
Kazakhstan.
The MoU combined path to execute projects of mutual interest in Russia and
Kazakhstan.
Nokia announces to buy Alcatel-Lucent a French Tele-Com Network
Nokia made an announced to acquire French telecom network Alcatel-Lucent, in an allstock deal value at 15.6 billion Euros ($ 16.6 billion).
Minister of Home Affairs rename Tourist Visa on Arrival Scheme to e-Tourist Visa
Union Ministry of Home Affairs (MHA) has renamed Tourist visa on Arrival-Elections
Travel Authorization scheme.
MHA move comes after some of Indian embassies has request to change the scheme.
NCTI signed MoU with payment to promote Indian MSMES.
Mobile Commerce platform paytm on 13 March 2015 signed MoU with National
Centre for Trade information (NCTI) for promote Micro, Small, Medium Enterprises
(MSMTS)
India and France has signed 17 agreements during PM Narendra Modis visit
India and France on 11 April 2015 signed 17 agreements in various fields during PM
Narendra Modis visit to France
Some of key agreements signed are;
MoU between Larson and Tubro and AREVA
Pre-engineering agreement between NPCIL and Areva.
MoU between CNES and ISRO on Mega Tropiques satellite.
MoU between ISRO, CNES and ONERA
MoU between Union Sports Ministry and French Ministry of Sports.
Indias first IFSC becomes operational at GIFT city in Gujarat.
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Indias first International Financial Services Centre (IFSC) became operational at

Gujarat International Finance Tec in Gandhinagar of Gujarat.
Aim at creating a vibrant IFSC on lines of those in Dubai and Singapore.
India and US has signed a MoC on Transportation
India and United States have signed Memorandum of Cooperation (MoC) transportation
between both countries.
It was signed by Union Minister of Road Transport and Highways and Shipping.
PM Narendra Modi launches MUDRA.
Prime Minister Narendra Modi on 8April 2015 launched Micro Units Development ReFinance Agency (MUDRA) Bank in New Delhi to provide credit to small entrepreneurs.
Promote appropriate technology solutions for the mile.
Snap deal acquires Freecharge
Online marketplace snap deal on 8 April 2015 acquired Indias fastest growing mobile
transaction free charges.
Snap deal was started in February 2010
Sumit Mazumder elected as New President of CII for year 2015-16
Sumit Mazumder was elected as the President of Confederation of India Industry (CII)
for 2015-16
He is chairman and Managing Director (MD) OF TIL Limited
Union Cabinet approved to Real Estate Regulation Bill.
The Union Cabinet on 7 April 2015 approved to Real Estate (Regulation and
Development) Bill, 2013 to protect the interests of consumers in the real estate sector.
Regulates transactions in real estate projects between the promoters and buyers.
Dena Bank signed MoU with Life Insurance Corporation.
State owned Dena Bank has signed (MoU) with Life Insurance Corporation (LIC) to
provide insurance corporation to provide insurance cover to its all Aadhaar- linked
savings are holders in age group 18 50 years.
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India stands 119 in FM Global Resilience Index 2015
In recently released 2015 FM Global Resilience Index, India has been ranked a low 119
out of 130 countries.
India is ranked 115 positions on the economic parameter.
Union Government announces new Foreign Trade Policy.
Union Government has announces new Foreign Trade Policy (FTP) to make India an
exporting power house in next five years.
High tech value addition
Making the life of traders easier.
New Bank Note Paper Line unit was inaugurated at Hoshangabad, Madhya Pradesh:
Union Finance Minister Arun Jaitely has inaugurated a New Bank Note Paper Line unit
at Hoshangabad, Madhya Pradesh; its total capacity is 6000 metric tons and the plant was
completed at the cost of 495 crore rupees.
Forbes released the list of Worlds 100 most powerful women:
Forbes Magazine has released its 12th annual list of worlds 100 most powerful women, and
among them four women are from India.
Arundhati Bhattacharya (30th Position): Chairperson of State Bank of India
Chanda Kochhar (35th Position): Managing Director and CEO of Indias Largest Private
Sector lender ICICI Bank.
Kiran Mazumdar-Shaw (85th Position): Founder, Chairman and MD of Biocon Ltd.
Shobhana Bhartia (93rd Position): Chairperson and Editorial Director of the Hindustan
Times Group.
Union Government has constituted a Committee to review the Infra Structure Development:
Union Government has constituted a Committee to review and revitalize the public
private partnership (PPP) mode of Infrastructure development. This committee will be headed
by the former finance secretary.
DD Kisan Indias First Television Channel dedicated to farmers:
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PM Narendra Modi has launched the DD Kisan Indias first television channel which was
dedicated to farmers. This channel was owned by Public Service broadcaster Doordharshan
and the programmes that telecasted will be related to agriculture and allied sectors.
NASSCOM has launched the Cyber Security Task Force in India:
National Association of Software and Services Companies (NASSCOM) and Data
Security Council of India (DSCI) has launched the Cyber Security Task Force which was
aimed to build India as a global hub to provide cyber security solutions, by developing cyber
security Research & Development (R&D) plan. The Chairman of NIIT, Rajendra Pawar will
Head this task force.
Manoj Mishra was appointed as the CMD of National Fertilizers LTD:
Manoj Mishra was appointed as the CMD of National Fertilizers Ltd by Union
Government. Prior to this Manoj Mishra was posted as the Director Finance at State Trading
Corporation (STC).
New MD of Whirlpool India- Sunil D Souza:
Sunil D Souza was appointed as the New MD of Whirlpool India famous home
appliances maker, prior to that he headed the PepsiCos VIMAPS Business Unit in Malaysia.
SAIL has signed a MoU with ArcelorMittal to start steel plant in India:
Steel Authority of India (SAIL) has signed a MoU with the worlds largest steel maker,
ArcelorMittal to start an automotive steel manufacturing unit in India. This deal was signed
between the Chairman and Chief Executive of ArcelorMittal, Lakshmi Niwas and Chairman of
SAIL, CS Verma in London.
Union Government has planned to relaxes the FDI norms for NRIs , PIOs and OCI:
Union Government has decided to amend the Foreign Direct Investment (FDI) norms for
the NRIs, Persons of Indian Origin (PIOs) and |Overseas Citizens of India (OCI) to increase
the Capital flows into India.
Economic Growth of India will cross the China in 2015-16:
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As per UN World Economic Situation and Prospects (WESP) report, Indias economic
growth will surpass Chinas growth in 2016. The report has projected that the economic growth
of India will be 7.7% in 2016 were the Chinas will be 6.8% in 2016.
Apple has acquired the GPS firm Coherent Navigations:
Worlds most powerful tech giant, Apple has recently acquired the Global Position
System (GPS) firm Coherent Navigation in order to improve the Mapping Capabilities.
Coherent Navigation is providing hyper-accurate GPS which gives location information to
within a few centimeters.
Reliance Jio has signed a MoU with Huawei for 4G devices:
Reliance Jio Infocomm (RJio), the telecommunication division of Reliance Industries
has signed a MoU with the famous Chinese telecom equipment manufacturer firm Huawei.
This deal is to provide various 4G devices such as smartphones, tablets and mifi dongles to
the Reliance.
IMD has signed a MoU with POSOCO for the Optimum use of Weather information:
India Meteorological Department (IMD) has signed a MoU with Power System
Operation Corporation Ltd (POSOCO) for Optimum use of weather information and forecast in
the power sector.
6th edition of National Conference on Nuclear Energy was held at New Delhi:
The 6th edition of National Conference on Nuclear Energy was held at New Delhi. The
Theme of the edition is, Nuclear Energy: a Clerk Energy Option. This event was organized by
the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
MIDC has signed a MoU with SIDBI to raise Rs. 200 crore funds for MSME:
Maharashtra Industrial Development Corporation (MIDC) has signed a MoU with SIDBI
bank to provide financial support for the Micro small and medium enterprises (MSMEs). This
deal was signed by the MD and CEO of SIDBI, Ananta P Sharma and CEO of MIDC, Bhushan
Gagrani.
IISCOs New Plant was inaugurated at Burnpur:
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PM Narendra Modi has inaugurated the IISCO Steel plant at Burnpur, West Bengal.
This Steel plant has the largest blast furnace in the Country which is fully owned subsidiary of
SAIL.
Microsoft has launched the Edu-Cloud:
Microsoft has launched a cloud computing-based offering Edu-Cloud which was aimed
to Make Learning Fun. This was launched to enhance the digital learning and teaching in
Schools and higher education institutions in India through virtual learning platforms.
Indian Railways and Indian Army have been placed in the List of Worlds Biggest Employers:
In the list of top 10 worlds biggest employers which was announced by World Economic
Forum (WEF), two Indian organizations, such as Indian Railways and Indian Army have
placed. Both of the organizations employ around 2.7 million people together. In this list US
department of Defense placed No. 1, with over 3.2 million employees.
As BPI 2015, India has become the most attractive investment destination:
Based on the ranking of the Baseline Profitability Index (BPI), among the 110 countries around
the world India has become the most attractive Investment destination.
India and US has signed a MoU to enhance cooperation in health sector:
India and United States has signed the list of agreements on health in order to enhance
cooperation in health sector. The lists of agreements were given below:
MoU on Cancer research, control, prevention and Management
Letter of Intent (LoI) on Anti-Microbial Resistance Research
MoU on collaboration in Environment, occupational health and injury Prevention and

Control.
Reserve Bank of India has extended the time to exchange the Pre-2005 currency notes till 31st
December 2015:
Reserve Bank of India (RBI) has extended the time to exchange the pre-2005 currency notes
up to 31st December 2015 for third time.
As per UNCTAD Report. India was topped in the regional inflow of FDI in South Asia in 2014:
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United Nations Conference on Trade and Developments (UNCTADs) has announced that
India has topped in the regional inflow of FDI in South Asia with 34 billion in 2014. China is the
worlds largest recipient of FDI with 129 billion dollars and US has largest Outward flow of FDI
of 337 billion dollars.
Rajasthan become No. 1 state in Solar Energy:
Rajasthan has become the No. 1 state in the country in Solar Energy with total capacity of
1,167 MW, which has surpassed Gujarat (1000MW).
Recently Airtel has launched the $G Services in Mysore:
Indias largest Telecom Company Bharti Airtel has launched 4G services in Mysore; they have
launched the Indias first 4G services in Kolkata in April 2012.
EPFO has made UAN mandatory:
Employee Provident Fund Organization (EPFO) has announced Universal Account Number
(UAN) mandatory for all the employers. This was covered under the employees Provident
Funds and Miscellaneous Provisions Act, 1952.
India has emerged as the Third largest FDI source for UK:
India has become the 3rd largest Foreign Direct Investment (FDI) source for United Kingdom
(UK) in 2014-15.
As per CGPDTM Report, Maharashtra has topped in the Patent Filing in India:
Maharashtra has been topped in the Patent filing during the year 2013-14, with total number of
2892 patents. And Bangalore was the top city in IPR filing in the country.
ASCI has launched the ASCLonline Mobile App:
Advertising Standard Council of India (ASCI) has launched ASCIonline mobile application in
order to address the misleading advertisement. This is the Indias first Consumer complaint
mobile app.
Asia Pacific Region becomes second richest region as per BSG report:
AS per Boston Consulting Group (BCG), Asia Pacific Region has become the second richest
region, by overtaking the Europe.
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Maharashtra Government Provided NOD for IT and ITES Policy 2015:
Recently Maharashtra Government has provided NOD for Information Technology and
Information Technology Enabled Services (ITES) Policy 2015, this decision was taken by the
Chief Minister Devendra Fadnavis.
FDI in Services Sector has been grown by 46% in the financial year 2014-15:
Foreign Direct Investment (FDI) inflows into the Services sector have been grown by 46% up
to $3.25 billion in the financial year 2014-15. This was announced by the Department of
Industrial Policy and Promotion (DIPP).
BSNL has launched the free PAN India Roaming Scheme:
Recently, Bharat Sanchar Nigam Limited BSNL has launched free PAN India Roaming
Scheme, which allows the customers across the country to receive incoming calls at no
additional cost.
400 million people across the World have lack access to essential health services:
AS per the report of World Bank (WB) and World Health Organization (WHO), 400 million
people have lack access to essential health services.
Telangana Government has launched New Industrial Policy:
Recently Telangana Government has launched new industrial policy 2015 to improve the
industrial activities and employment opportunities in the state.
China has launched it new freight train services to Europe:
China Government has recently, launched a freight train service between Harbin and Europe,
with total distance of 9820 km. This was launched by HAO Logistics Co. LTD.
US has emerged as the Worlds Largest Oil Producer:
As per the Report of British Petroleum (BP), US has become the Worlds largest oil producer
by surpassing Saudi Arabia. It was producing 11.6 million barrels of oil per day which was
15.9% more than 2014.
US Government has launched Probe against Indian IT giants TCS, Infosys for H1B Visa
Violations:
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US Government has launched investigation against the two big Indian IT giants, TCS and
Infosys for possible violations of H1-B visa rules.
RBI has allowed NRIs to invest amount in the chit funds:
Reserve Bank of India (RBI) has allowed the Non-resident Indians (NRI) to invest funds in the
Chit to encourage the flow of capital into the county.
Union Cabinet has approved Rs. 6000 crore interest free loans for Sugar Mills:
Union Cabinet has approved interest free loans of Rs. 6000 crore for sugar mills, this was
declared by the PM Narendra Modi in New Delhi.
India has slaps the Anti-Dumping duty on Steel imports:
India Government has slapped the anti-dumping duty on imports of steel products from China,
Malaysia and South Korea. This was imposed by the Union Finance Ministry on the
recommendation of Directorate General of Anti-Dumping Duty (DGAD) in order to protect the
domestic producers.
Adani and Reliance has signed a Mou for Power Generation in Bangladesh:
Adani Power Limited (APL) and Reliance Power Limited of Indian has signed a MoU with
Bangladesh Power Development Board (BPDB). This deal was signed to set up 4,600 MW
power plants in Bangladesh with worth of $5.5 billion.
LIC has got permission to do business in Bangladesh:
Life Insurance Corporation of India has got clearance to do business in Bangladesh recently.
This was announced by M Shefaq Ahmed, Chairman of Bangladesh Insurance Development
and Regulatory Authority (IDRA).
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Highlights of Budget 2015-16
Highlights of Union Budget 2015-16 Sector Wise

Agriculture
1.
Rs. 5,300 crore was allotted to support Micro Irrigation Programme
2.
Rs. 8.5 lakh crore was targeted for farmers credit
3.
Rs. 25,000 crore was allotted for Rural Infrastructure Development Bank
Defense
1.
Rs. 2,46,726 crore was allotted for defense
2.
Defense equipments will be manufactured in India under Make in India Project

Education
1.
New IIM will be launched in Jammu & Kashmir and Andhra Pradesh
2.
For Horticulture a PG institute will be started in Amritsar
3.
AIIMS will be started at Jammu Kashmir, Punjab, Tamilnadu, Himachal Pradesh,

Bihar and Assam.
4.
University of Disability Studies will be started at Kerala.
5.
New IIT in Karnataka
6.
Indian Institute of Mines in Dhanbad, Jharkhand will be upgraded to IIT.

Infrastructure
1.
Rs. 70,000 crores was allotted for Infrastructure sector.
2.
Planned to start 5 ultra mega power projects, capacity of each 4000MW.
3.
To implement tax-free bonds for rail road and irrigation projects.
4.
Rs. 150 crore was allotted for Research and Development.
5.
NITI will be setup to encourage the involvement of the entrepreneurs and

researchers to foster scientific innovations.
Renewable Energy
1.
Targeted Renewable energy in 2022: 100K MW in solar; 60K MW in wind; 10K MW

in biomass and 5K MW in small hydro.
2.
Rs. 75 crores was allotted for electric cars production.
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Taxation
1.
To Cutoff the Wealth tax
2.
Service tax will be increased to 14%
3.
Rs. 4, 44,200 will be achieved as total exemption.
4.
Surcharge will be increased by 2% for the richest persons those who have income
of over Rs. 1 crore.
5.
For the contribution of Swachch Bharat the exemption will be 100% apart from
CSR.
6.
Rate of corporate tax will be reduced to 25% within next four years.
Tourism
1.
On Arrival Visa will be provided to 150 countries
2.
Under the new tourism scheme, churches and convents will be developed in old
Goa; Elephata caves, Lej Palace, Hampi, Jallianwala Bagh, Qutb Shahi Tombs at
Hyderabad and Forest of Rajasthan.
Welfare Schemes
1.
Additionally, Rs.5,000 was allotted for MGNREGA
2.
Government has planned to launch Universal Social Security System for all
Indians.
3.
New Scheme will be launched to provide physical aids and assisted living devices
for aged people over 80 years.
4.
Planned to construct 50,000 toilets under Swachh Bharath Abhiyan
5.
Housing to all within 2020
6.
80,000 Secondary schools will be upgraded
7.
Two new programmes such as GST & JAM Trinity were introduced, and GST will
be implemented by April 2016.
8.
To encourage the first generation SC/ST entrepreneurs, MUDRA bank will

refinance micro finance organizations.
9.
Under Atal Pension Yojana, Government will contribute 50% of Premium of Rs.
1000 per year.
10. Direct Benefit Transfer (DBT) will be expanded from 1 crore to 10.3 crore.
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Important Points in Union Railway Budget 2015-2016:

-Toll Free help line- 138, and security complaints- 182. This will work for 24X7 over all India.
-Surveillance Cameras will be placed in selected mainline coaches and in ladies
compartments.
-Rs. 120 crores was allotted to provide lifts and escalators.
-New modern facilities will be provided for disables, senior citizens, patients through IRCTC.
-Separate Department for Railway Cleaning Process.
-Mumbai Ahmadabad Bullet train project proposed.
-17,000 Bio-toilets in trains
-We can purchase the unreserved tickets from our smart phones using debit cards.
-Under the scheme of Digital India, will provide free Wifi in B Class stations.
-Facilities for mobile phone charging in all compartments.
-Transport Logistics Corporation of India will provide end to end logistics solutions.
-Operation 5 minutes is a scheme that allows the passengers to buy unreserved tickets within
five minutes while entering the station.
-Railway minister has introduced a council called, Kayakalp to provide innovation ideas and
business rearranging in railways.
-There is no change in train fare.
-The operation ratio of the railways in 2015-16 will be 88.5%.
-Passengers can book their tickets 120 days prior from the travel date (it was 60 days before).
-Passengers linen and bedding will be designed by NIFT.
-User friendly ladder for climbing upper berth will designed by National Institute of Design
(NID).
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Important Schemes and Plans launched by Government
SCHEME NAME: HERITAGE CITY DEVELOPMENT & AUGUMENTATION YOJANA

LAUNCH DATE: 21st January 2015
SECTOR: Urban development
AIM:
To develop heritage infrastructure projects
To preserve the heritage character of each city
To bring together urban planning, economic growth and heritage conservation
To revive heritage assets like monuments, ghats, temples, etc.,
To develop sanitation facilities, road, public transport & parking, citizen services
To preserve heritage assets in following areas:
Ajmer
Amaravati
Amritsar
Badami
Dwaraka
Gaya
Kanchipuram
Mathura
Puri
Varanasi
Velankani
Warangal
SCHEME NAME: SUKANYA SAMRIDHI ACCOUNT YOJANA

LAUNCH DATE: January 2015
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SECTOR: Woman empowerment
This scheme is a part of the Beti Bachao Beti Padhao campaign.
AIM:
It enables a small deposit investment for girl children
to facilitate girl children with proper education and carefree marriage expense
SCHEME NAME: ATAL PENSION YOJANA

LAUNCH DATE: 9th May 2015
SECTOR: Pension
This scheme is a replacement of Swavalamban scheme
It is called Phase II of Pradhan Mantri Jan Dhan Yojana
AIM:
To bring pension benefits to allow people of the unorganized sector to enjoy social
security with minimum contribution per month
To provide security to ageing Indians
To promote a culture of savings and investment among the lower and lower middle
class
SCHEME NAME: PRADHAN MANTRI SURAKSHA BIMA YOJANA

SECTOR: Insurance
This scheme is also a part of Pradhan Mantri Jan Dhan Yojana
AIM:
This scheme provides insurance to people with less premium amount
To benefit the under privileged citizens in case of fatal accidents
SCHEME NAME: PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA

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SECTOR: Insurance
This scheme is also a part of Pradhan Mantri Jan Dhan Yojana
AIM:
This scheme provides insurance to people with less premium amount Rs.12 per year
To benefit the under privileged citizens in case of fatal accidents as well as natural
deaths.
SCHEME NAME: Atal Mission for Rejuvenation and Urban Transformation

LAUNCH DATE: June 2015
AIM:
To ensure that every household has access to a tap with assured supply of water and a
sewerage connection
To increase the amenity value of cities by developing greenery and well maintained
open spaces
To reduce pollution by switching to public transport or constructing facilities for nonmotorized transport
SCHEME NAME: PRADHAN MANTRI AWAS YOJANA

LAUNCH DATE: 25th June 2015
This scheme is a reformation of the old scheme HOUSING FOR ALL
AIM:
To construct more than two crore houses across the length and breadth of the nation
within a span of seven years
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To benefit the poor and people living under EWS and LIG categories in urban
establishments of the country
To enable better living environment for
Women, irrespective of caste and religion
Economically Weaker Section of Society (EWS)
Scheduled Tribes (ST)
Scheduled Casts (SC)
PLAN NAME: SMART CITY MISSION

AIM:
To provide core infra structure elements to the urban areas like
adequate water supply
assured electricity supply
sanitation and solid waste management
efficient urban mobility and public transport
affordable housing
IT connectivity and digitalization
e-Governance and citizen participation
sustainable environment
safety and security of citizens, particularly women, children and senior citizens
health and education
PLAN NAME: SKILL DEVELOPMENT PROGRAMME

AIM:
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to create opportunities, space and scope for the development of the talents of the Indian
youth
to develop more of those sectors which have already been put under skill development
for the last so many years
to identify new sectors for skill development
To providing training and skill development to 500 million youth of our country by 2020,
covering each and every village
PLAN NAME: DIGITAL INDIA PROGRAMME

LAUNCH DATE: 1st July 2015
SECTOR: Digital Empowerment
AIM:
To bring broadband speeds to India's rural areas, which suffer from lack of connectivity
To ensure that the government services are available to all the citizens electronically
To provide jobs to small town candidates in the BPO and IT sectors
To provide seamless mobile connectivity to over 42,000 villages by 2018
To provide internet connectivity to over 2,50,000 gram panchayats by December 2016
To incorporate an online locker to store all the documents issued by the government to
the citizens with Aadhar card as the identification proof
To increase the manufacture of electronic items to an extent that there would be no
need for importing them from other countries by 2020.
List of Important Ongoing Government Schemes and its Functions in India

Sno
1.
2.
Name of the Schemes
Functions
Jawaharlal Nehru National Urban
This Program was launched in 2005 for
Renewal Mission (JNNURM)
modernization of Urban centers.
National Rural Health Mission
This Scheme was launched to provide
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(NRHM)
health care facilities in rural areas; Janani

Suraksha Yojana is the part of this program.
3.
Mahatma Gandhi National Rural
This was launched in 2006 in the name
Employment Guarantee Act
NREGA and was renamed as MGNREGA
(MGNREGA)
on 2nd Oct 2009. This was formed to provide

100 days of employment to rural adult
households.
4.
Swarna Jayanti Shahari Rojgar
This Scheme was launched I 1997 and it
Yojana (SJSRY)
was aimed to provide self-employments and

wage employment to urban poor people and
important attention for women.
5.
Swarnajayanthi Gram Swarojgar
This was launched on April 1st 1999, and
Yojna
aimed to provide self-employment to rural

poor by organizing into self-help groups
(SHGs).
6.
Bharat Nirman
This Program was launched in 2005 to

provide basic infrastructure of all rural areas.
7.
Pradhanmantri Gram Sadak
This Scheme was launched on 25th Dec
Yojana (PMGSY)
2000 to provide all weather road connectivity

in rural areas in the country.
8.
9.
Jawaharlal Nehru National Solar
This program was launched to achieve
Mission
20,000 MW of solar power by 2022`
Indira Gandhi National ld Age
This scheme was renamed on 19th
Pension Scheme
November 2007 and was intended to

provide pension of Rs. 200 to the poor of
age group above 65 years.
10.
Integrated Child Development
This Scheme was launched in 1975, to
Scheme (ICDS)
analyze the problem of mal nutrition for

children of age group 6 months and for their
mothers.
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11.
Indira Awaas Yojana (IAY)
This Scheme was launched in 1985 and

aimed to help the people Below the Poverty
Line (BPL) in the rural areas.
12.
Rashtriya Swasthya Bima Yojana
This Program was launched in 2008, to
(National Health Insurance
provide health insurance for the people
Programme)
below the poverty line.
List of Appointments (Last 6 months)

Sno
1.
2.
3.
4.
5.
6.
Designation
New General Secretary of
Communist Party of India (Marxist)
New Chief Adviser to BCCIs AntiCorruption & Security Unit (ACSU)
Indias New Chief Election
Commissioner
New Head of team probing IPL
Scandal
New Leader of Opposition (LOP) in
Delhi assembly
New Technology Head of Walmart
India
Persons Name
Sitaram Yechury
Neeraj Kumar
Dr. Nasim Zaidi
CBI SP Vivek Priyadarshi
Vijender Gupta
Pankaj More
New President of Confederation of

7.
Indian Industry (CII) for year 2015-
Sumit Mazumder
16
8.
New Director of ISRO Satellite

Centre (ISAC)
Dr. MayilSamy Annadura
9.
Chairman of IPL Governing council
Rajeev Shukla
10.
New CEO of Essar shipping Ltd
Captain Anoop kumar sharma
11.
Indias first Cyber Security Chief
Gulshan Rai
12.
First Women Judge of Sikkim High
Justice Meenakshi Madan Rai
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Court
13.
New Governor of Mizoram
K N Tripathi
14.
New Crown Prince of Saudi Arabia
Mohammmed bin
15.
New Head of UN Mission for Ebola

Emergency Response
Peter Jan Graff
16.
New Prime Minister of Peru
Pedro Cateriano Bellido
17.
New President of Nigeria
Muhammadu Buhari
18.
19.
20.
21.
22.
23.
First Indian born American Woman

Judge of New York
First Black Female Attorney General
of US
New US Surgeon General
New Commanding -in- chief of
Western Naval Command
New Managing Director of Renault
Nissan Automotive India
New head of the Royal Society
Raja Rajeswari
Loretta Lynch
Dr. Vivek Murthy
Vice Admiral Cheema
Colin Macdonald
Sri Venkatraman Ramakrishnan
Managing Director and CEO of

24.
Credit Rating Services of India
Ashu Suyash
Limited (CRISIL)
25.
26.
27.
28.
Group President and Chief

Operating Officer of Wipro
Brand Ambassador of the North
East
Chief Financial Officer (CFO) of
Walmart India
New Chairman of National Book
Trust
Ali Neemuchwala
MC Mary Kom
Aswin Mittal
Baldev Sharma
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20.
President of Board of Control for

Cricket in India (BCCI)
Jagmohan Dalmiya
30.
New Indian Ambassador to US
Arun Singh
31.
New President of Nigeria
Muhammad Buhari
32.
New Chief Financial Officer of

Google
Ruth Porat
33.
New Pakistan Air Force Chief
Sohail Aman
34.
New Chief Minister of Bihar
Nitish Kumar
35.
36.
New Director (Pipelines) at Indian

Oil Corporation
New Chairman of Commission
of Inquiry probing Chit Fund Scam
Anish Aggarwal
MM Das
37.
New Head UNHRC Gaza probe
Mary McGowan Davis
38.
New President of Greece
Zoe Konstantopoulou
39.
MD & CEO of Multi Commodity

Exchange (MCX)
Balasubramaniam Venkataramani
New Secretary in the Union Ministry

40.
of Housing & Urban Poverty
Nandita Chatterjee
Alleviation (HUPA)
41.
42.
43.
44.
45.
New General Manager of Southern

Railway
New President of Italy
New Secretary in the Union Ministry
of Urban
New Director General of Council of
Scientific & Industrial Research
New UN Special Coordinator for the
Middle East Peace Process
Ashok K Agarwal
Sergio Mattarella
Madhusudhan Prasad
MO Garg
Nickolay Mladenov
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46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
New Chairman of Indraprastha Gas

Limited
Chief Operating
Officer of Vodafone India
New Director General of IndoTibetan Border Police
New Chief Minister of Delhi
New Defense Secretary( appointed
by US Senate)
New Chief of ISROs Space
Application Centre
New Executive Director for Regions
and Centre Operations at FAA
New Director General of Police of
Jharkhand
Special Envoy to Andhra Pradesh
by Singapore
New Chief Minister of Jammu and
Kashmir
New President and CEO of Honda
Motor Co
New Speaker of Delhi Legislative
Assembly
M Ravindran
Naveen Chopra
Krishna Chaudhary
Arvind Kejriwal
Ashton B Carter
Tapan Misra
Ravi Chaudhary
DK Pandey
Gopinath Pillai
Mufti Mohammad Sayeed
Takahiro Hachigo
Ram Niwas Goel
58.
New - Sri Lanka Army chief
Chrishantha de Silva
59.
First Female President of Croatia
Kolinda Grabar-Kitarovic
60.
61.
New Technology advisor in

Snapdeal
Jeyandran Venugopal
New President of FIFA -Federation

International de Football Association
Sepp Blatter
for 5th term

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62.
New Mayor of United Kingdoms
Parvinder Singh Batth (Indian Origin)
Wokingham Borough Council.

63.
New member of the Prestigious
Akhil Amar
National Council of US
64.
First President of New
KV Kamath
Development Bank of BRICS

Nations
65.
Most Youngest MP of United
Mhairi Black
Kingdom
66.
New Director General (news) of
Veena Jain
Doordarshan (DD)
67.
New Director General of Defence

Research and Development
Dr. Selvin Christopher
Organisation (DRDO)
68.
New Maharaja of Mysuru
Yaduveer Raj Urs
69.
New Managing Director of Indias
Sunil DSouza
home appliances Whirlpool.

70.
16th Governor of Tripura
Tathagata Roy
71.
15th Governor of Meghalaya
VS Shanmuganathan
72.
Sworn as the 17th Governor of
Nirbhay Sharma
Mizoram
73.
New Chairman of Joint Committee
MP Surendrajeet Singh
of Parliament.
74.
First woman Governor of Jharkhand
MS. Draupadi Murmu
75.
New Controller General of Accounts
M J Joseph
76.
New Chief Executive Officer(CEO)
Deepak
and Managing Director (MD) of

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Bharti AXA General Insurance
77.
New Acting Chairman of National
Pranab Mukherjee
Human rights Commission (NHRC)

78.
New Chairman of National Safety
Satish Reddy
Council
79.
New Member of Union Public
Arvind Saxena
Service Commission (UPSC)

80.
New Election Commissioner of India
Achal Kumar Jyoti
List of Awards and Honors (Last 6 months)
Sno
1.
Awards and Honours

Bishwaratna Dr Bhupen Hazarika
Winners
Adoor Gopalakrishnan
International Solidarity Award

2.
Bharat Ratna (Posthumously)
Madan Mohan Malviya
3.
Miss India 2015 Title
Aditi Arya
4.
Gandhi Peace Prize 2014
ISRO
5.
Bharat Ratna
Atal Bihari Vajpayee
6.
The Folio Prize 2015
Novel Name- Family Life,

Author- Akhil Sharma
7.
Women in Parliament Award (WIP)
Bangladesh
8.
First National Kavi Pradeep Samman
Gopaldas Neeraj- Veteran Poet
Award
9.
Frances Knight of the order of the Arts and
Artist Bharti Kher
Letters
10.
Tyler Prize 2015
Madhav Gadgil and Dr. Jane

Lubchenco
11.
Named for Dadasaheb Phalke Award 2014
Shashi Kapoor- Veteran Actor
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12.
Stock Water Prize 2015
Rajendra Singh
13.
Women of the Year 2015 in New South
Minoti Apate (Indian Researcher)
Wales
14.
Silver Prize at Golden Gate Award at ITB-
Kerala Tourisms Campaign
Berlin
15.
Stree Shakti Puraskar 2014

Winners:
16.
17.
Rani Gaidinliu Zeliang Award- Sister Mariola (Rajasthan)
Rani Lakshmibai Award- Seema Prakash (Madhya Pradesh)
Rani Rudramma Devi Award- Astha Sansthan- NGO (Rajasthan)
Mata Jijabai Award- Chandraprabha Bokey (Maharashtra)
Kannagi Award- P. Bhanumati (Kerala)
Devi Ahilyabai Holkar Award- Anay Rahit Zindagi, NGO (Goa)
Mo Ibrahim Prize for African Leadership
Hifikepunye Pohamba (President
2014
of Namibia)
Winner of 2015 Common Wealth Short story
Siddharath Gigoo (Novelist)
Prize in Asia region

18.
Highest French honors of Officier de la
Yashwant Sinha
Legion d Honneur
19.
Master Deenanath Mangeshkar Award 2015
Anil Kapoor
20.
Outstanding Service Award for his service
Gopinath Pillai
in Singapore
21.
Nishan-e-Pakistan Award
Xi Jinping
22.
Champion of Change Award
Satya Nadella
23.
Hevesy Medal Award 2015
Susanta Lahiri
24.
Institute of Physics Prize
Pratap Singh
25.
2015 Kumaran Asan World Prize for Poetry
Adonis (Arab Poet)
26.
Golden Peacock National Quality Award
Delhi airport
2015
27.
Winner of Bhagwad Gita contest
Mariyam Asif Siddiqui
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28.
Winners of Whitley Awards for Wildlife
Dr. Pramod Patil and Dr. Ananda
Conservation
Kumar
29.
Winner of 50th Jnanpith Award
Bhalchandra Nemade
30.
Asian Bankers Achievement Award 2015
Bharatiya Mahila Bank
31.
Indian-origin teacher to receive University of
Gurnimrat Nimmy Sidhu
Oxford Inspirational Teacher Award

32.
French film to win Palme dOr Award at 68th
Dheepan (French Film)
Cannes Film Festival

33.
Indian film to win Prestigious critics Prize at
Massan (Indian Film)
68th Cannes film festival

34.
Man Booker International Prize for 2015.
Laszlo Krasznahorkai
35.
Two Indians selected for prestigious
Shivani Agarwal and Maharaja
Radcliffe Fellowship by Harvard University
Pandit
36.
Pt. Haridutt Sharma award
Anurrada Prasad
37.
Who is the writer of the novel The Lives of
Neel Mukherjee (Writer)
Others which has won the Encore Award?

38.
UNC Award for Excellence in Teaching
Dr. Sivanadane Mandjiny (IndianAmerican Professor)
39.
Dade Saheb Phalke Award 2014
Shashi Kapoor
40.
Which District has won United Nations Public Nadia District (West Bengal)
Service Award 2015
41.
Winner of PEN Freedom of Expression
Charlie Hebdo
Courage award 2015

42.
UNESCO-Guillermo Cano World Press
Mazen Darwish (Journalist)
Freedom Prize 2015

43.
The worlds best airport for the year 2014
Indira Gandhi International Airport

(IGIA)
44.
Winner of Japans highest civilian award
Chintamani Nagesa
Ramachandra Rao
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45.
Winner of prestigious Fellowship of Royal
Satheesh Reddy
Institute of Navigation (RIN)

46.
RedInk Lifetime Achievement Award 2015
Dr. Prannoy Roy
47.
List of Winners of Ellis Island Medal of Honor
Meera Gandhi
in US
Chad P Gehani
Rahul M Jindal
S Mona Sinha
K V Kumar
Baroness Sandip
Verma
Rajdeep K Dhami
48.
Colombias Highest Civilian Award
Sri Sri Ravi Shankar
49.
Sangita Kalanidhi Award 2015
Sanjay Subramanyam
50.
Japans Fukuoa Prize 2015
Ramachandra Guha
51.
Japans Highest Civilian Award, the Order of
C N R Rao
the Rising Sun, Gold and Silver Star

52.
Sant Namdev National Award
Parkash Singh Badal
53.
Freedom of Expression Prize (Norway)
Edward Snowden
54.
Friends of Bangladesh Liberation War Award
Atal Bihari Vajpayee
by Bangladesh Government
55.
Bal Sahitya Puraskar 2015 by Sahitya
Novelist: Ramdeo Jha (Maithili),
Akademi
Ramnath G Gawade (konkani),

Mukti Upadhyay Baral (Nepali),
Tiren Boro (Bodo), Nividitha
Subramaniam (English), Sowmya
Rajendran (English).
Writers of Short Stories:
Janardhan Hegde (Sanskrit),
Thochom Thouyangba Meitei
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(Manipur), Krishna Kumar Ashu
(Rajasthani), Nayeem Kashmiri
(Kashmiri).
Poetry Collections: Sella
Ganapathi (Tamil), Tara Chand
Kalandri (Dogri), Srikanta Saren
(Santali)
Total Contribution to Childrens
Literature:
JethoLalwani (Sindhi), Choappu
Venataramana (Telugu), Snehlata
Mohanty (Odia), Sukhdev
Madpuri (Punjab), Sivadas
(Malayalam), Leeladhar Hegde
(Marathi), Dhiruben Patel
(Gujarati), TS Nagraja Shetty
(Kannada), Eli Ahmed
(Assamese), Kartik Ghose
(Bengali).
Book of One-Act Play: Bano
Sartaj (Urdu)
List of Sports News (Last 6 months)
Serena Williams has won the Australian Open 2015 Womens Singles title by defeating
Maria Sharapova in the finals. This is her 6th Australian Title and 19th Grand Slam Title.
ICC World T20 2016 was yet to be hosted by India. Womens World T20 2018 will be
organized in West Indies.
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Bradman Young Cricketer of the Year Award was won by Sean Abbott. He is an Australian
Cricketer, who had delivered bouncer to Huges that hit on this head unfortunately during a
match against South Africa.
Saina Nehwal has won the Syed Modi Grand Pix Gold Badminton Tournament 2015 in the
womens single category by defeating the Carolina Marin (Spain), which was held at
Lucknow, Uttar Pradesh.
AB De Villiers (South Africa) has become the fastest century scorer in ODIs. He hit his
century in 31balls and beat the previous record of Corey Anderson (New Zealand) who
scored century in 36 balls. And also he hit most sixes in an innings, total 16 sixes in a
single innings.
Sydney International Tennis Tournament 2015 mens singles title was won by Viktor Troicki
(Serbia) by defeating Mikhail KuKushkin (Russia) in the finals. And the Womens singles
title was won by Petra Kvitova (Czech Republic) by defeating the Karolina Pliskova (Czech
Republic).
Sydney International Tennis Tournament 2015 womens doubles title was won by Sania
Mirza (India) and Bethanie Mattek-Sands (US), by defeating the Americans Abigail Spears
and Raquel Kops-Jones.
Bhakti Sharma (Indian Open Water Swimmer) has set a new World record by reaching 1.4
miles in 52 minutes in 1 degree temperature in Antarctic Ocean. She is the Asias first
youngest girl to achieve this honor. He broken the earlier records of Lewis Pugh (British)
and Lynne Cox (US).
Haryana Chief Minister Mr. Manohar Lal Khattar has announced the new sports policy
named as Haryana Physical Activities and Sports Policy 2015.
Portugal footballer Cristiano Ronaldo has won the FIFA Ballon dOr Award of the year
2014; he receives this honor for the third time (He already won this award in 2008 and
2013).
FIFA Womens World Player of the year tile was won by Nadine Kessler (Germany)
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Swiss Tennis palyer Roger Federer has recorded his 1000th Title Wins after winning the
Brisbane Title. In the final he defeated Milos Raonic (Canada). Jimmy Connors (US) and
Ivan Lendi (Czechoslovakia) has also reached their 1000th titles win.
Saina Nehwals name was recommended for the Padma Bhusan Award by the Union
Sports Ministry, she is the first Indian to win Olympic medal in Badminton (Bronze Medal in
London Olympics 2012).
Scottish Tennis player Andy Murray has won the ATP World Tennis Championship in Abu
Dhabi after the withdrawal of Novak Djokovic (Serbian) from the final match and he
defeated Rafael Nadal (Spanish) in the semi finals.
Boxing India has got nod from the Union Sports Ministry as the new governing body for the
sports. And President of Boxing India is Mr. Sandeep Jajodia.
1.
AB De Villiers, South African cricket player hit his fastest 150 in ODI against West Indies
in 64 balls in World Cup Pool B match, which was held at Sydney. He also broke the
previous record of Shane Watson (150 runs in 83 balls against Bangladesh).
2.
Champions of Hero Hockey India League 2015, was won by Ranchi Rays by defeating the
Jaypee Punjab Warriors. Hero Goal of the Day Award goes to Barry Middleton (Ranchi
Rays) and Man of the Match Award goes to Tyler Lovell of Ranchi Rays.
3.
Chris Gayle, famous West Indies cricket, became the first batsman to hit double century in
World Cup. He scored 215 runs in 147 balls against Zimbabwe at Canberra, Australia.
4.
Former Indian Spinner Anil Kumble was chosen to be inducted into the ICC Cricket Hall of
Fame. He is the 77th Inductee in the ICC Cricket Hall of Fame.
5.
The Vice- chairman and MD of India Cements, Mr. N Srinivasan has announced that the
IPL Team Chennai Super Kings (CSK) franchise was transferred to new subsidiary
Chennai Super Kings Cricket (CSKC) Limited.
6.
The Mascot of the 35th National Games 2015 hosted in Kerala was Ammu the Great
Hornbill, has got place in the Limca Book of Records.
7.
Rashtriya Khel Protsahan Puruskar Scheme was revised by the Union Ministry of Youth
Affairs and Sports, which was formed by the government in 2009 to develop the sports in
the country.
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8.
Anirban Lahiri (Indian Golfer) has won the Malaysian Open 2015 by defeating the Bernd
Wiesberger (Austria) at Kaula Lumpur Golf Club and Country Club.
9.
Malaysia Squash Player Nicol David, has set a new world record by topping the world
squash raking for 106th Month.
10. Leander Paes (India) & Martina Hingis (Switzerland) has won the Australian Open Mixed
Double Title by defeating the Daniel Nestor (Canada) and Kristina Mladenovic (French) in
the final.
Michael Clarke (Australian cricketer) has announced his retirement from One Day
Internationals (ODI) cricket.
Saina Nehwal won India Open Super Badminton Womens Singles 2015 Title on 29 March
2015.
Australia won the ICC Cricket World Cup 2015 for 5th time on 29 March 2015.
Two-year-old girl Cherukuli Dolly Shivani from Vijaywada, she has created new record in
Archery and has entered her name into the India Book Records on 26 March 2015.
Martin Guptli (New Zealand cricketer) has created Cricket World Cup record by
scoringhighest score of 237 runs not out on 21st march 2015.
Mahendra Singh Dhoni has won first Indian Cricket team Captain to Register the 100 One
Day International (ODI) match on 20 March 2015.
Kidambi srikanth (Indias ace shuttler) has won badmintons prestigious $ 120,000 Swiss
Open Grand prix Gold Title in Mens singles Category on 15 March 2015.
Union Government has selected Five-time world boxing champion Mc Mary Kom as Brand
Ambassador for North East Region on 14 march 2015.
Karnataka has won Ranji Trophy 2015 by defending Tamil Nadu in the finials which was
held at 2014-2015.
Carolin Marin (spain) has won the Womens singles title in all England Open Badminton
Championships 2015 by defeating Indias Sania Nehwal in final.
MC Mary Kam has announced that she will retire from boxing after the Rio Olympic Games
2016.
Jagmohan Dalmiya has elected as the president of the Board of Control for Cricket in India
(BCCI).
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Roger Federer (Switzerland) has won the ATP Tennis Championship Mens single Title
2015 which was held at Dubai.
Sno
Important Sports NEWS in April 2015
1.
Railway team has won the 5th Senior Mens National Hockey Championship 2015
by defeating the Uttar Pradesh Hockey Team in the finals.
2.
Norways Magnus Carlsen has the won the Shamkir Chess tournament in
Azerbaijan.
3.
Indias S. Sarjubala and Pinki Jangra have won gold medals at Presidents Cup
International Boxing which was held at Indonesia.
4.
Three Indian race walkers (Khushbir Kaur, Manish Rawat and Sandeep Kumar)
qualified for 2016 Rio Olympic.
5.
Lewis Hamilton (Mercedes Formula 1 driver) from Britain has won the Bahrain
Grand Prix of Formula.
6.
Y Pranjala (India) has won Asian Junior Tennis Championship title by defeating
Zheng Wushuang (China) in the finals.
7.
Ashish Jakhar of Haryana has set a National Youth record in Hammer throw. He
had hurled 5kg ball and chain at record distance of 72.04 metres.
8.
Sachin Tendulkar has joined as the new member of the Laureus Sports
Academy.
9.
New Zealand has won the Sultan Azlan Shah Hockey Tournament 2015 for the
second time by defeating Australia in the finals.
10.
Sania Mirza has become the First Indian Female tennis player to achieve the
world No. 1 rank in Womens doubles category.
11.
Lewis Hamilton (Britain) has won the Chinese Grand Prix of Formula one on
Shanghai International Circuit (China), in this race Nico Rosberg remains in the
second position.
12.
Jitu Rai (Indian Shooter) has won bronze medal at ISSF (International Shooting
Sport Federation) world cup in Changwon.
13.
Gujarat won the Syed Mushtaq Ali T-20 Cricket trophies by defeating the Punjab
Team by two wickets.
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14.
Dronavali Harika has won bronze medal in world womens chess championship.
15.
Minor planet was named as 4538 Vishyanand after India chess legend
Vishwananthan Anand, which was discovered by a Japanese Astronomer Kenzo
Suzuki on 10th October 1988.
16.
Kyle Mills (New Zealand Cricket) announced his retirement from international
cricket on 1 April 2014.
17.
Apurvi Chandela (Indian Shooter) has won Bronze Medal in ISSF Rifle and Pistol
World Cup which was held at Changwon (South Korea).
S.no
1.
Important Sports NEWS in May 2015

Sepp Blatter has re-elected as the President of Federation International de
Football Association (FIFA) for a fifth term.
2.
Abhinav Bindra becomes 4th Indian shooter to win quota place for 2016 Rio
Olympics
3.
In Indian Premier League (IPL) 2015 Mumbai Indians (MI) has won the final by
defeating Chennai Super Kings
4.
Indian Boxers has won four gold, one silver and two bronze medals at Doha
International Tournament. List of Gold Medal winners are L Devendro Singh,
Shiva Thapa, Manish Kaushik, and Manoj Kumar, list of Silver medal was won
was Gaurav Bidhuri and Bronze medal was won by Mandeep Jangra and Vikas
Krishan.
5.
Nico Rosberg (Mercedes driver) has won Monaco Grand Prix Formula One
World Championship title.
6.
Vikas Gowda won bronze medal in Shanghai, International Association of

Athletics Federations (IAAF) Diamond League.
7.
Ethiopian runners have won the title in Tata Consultancy Services (TCS) World
10000 meter (Bangalore). In mens category Mosinet Geremew placed first and
in womens category Mamitu Daska has won the first prize.
8.
Novak Djokovic (Serbia) has won 4th Rome Masters title of Tennis
9.
Gagan Narang won bronze medal in 50m Rifle PRONE Event of International
Shooting Sport Federation (ISSF) World Cup.
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10.
Tajaswini Sagar (India) won the gold medal under-15 World School Chess
Championships by defeating Kavinya Miyuni Rajapaksa (Sri Lanka).
11.
List of Winners of Mutua Madrid Open 2015:
Mens Single Title: Andy Murray won Mens Singles Title by defeating
Rafael Nadal
Womens Single Title: Petra Kvitova has won the Womens Single Title
by defeating Svetlana Kuznetsova.
Mens Double Title: Rohan Bopana and Florin Mergea has won the
title by defeating Marcin Matkowski and Nenad Zimonjic.
Womens Double Title: Casey Dellacqua and Yaroslava Shvedova has

won the title by defeating Garbine Muguruza and Carla Suarev
Navarro.
12.
Haryana Government decided to include Deaflympics in its Sports policy
13.
Indias top rifle shooters namely Abhinav Bindra, Chain Singh and Gagan Narang
won gold (in 10 meters), Gagan Narang and Apurvi Chandela has bronze medals
(in 50 meters) at the International Shooting Competition (Germany).
14.
Maniram Patel (Gujarat) won Gold medal in mens 20 Kilometers walk in 19th
Federation Cup Senior athletics championship
15.
Indian Railway Girls has won 5th National Women hockey championship title.
S.no
1.
Important Sports NEWS in June 2015

Winners of Canada Open Badminton Tournament:
Womens Double Title:
Jwala Gutta (India) and Ashwni Ponappa (India) has won the Womens doubles
title by defeating the Eefije Muskens (Dutch) and Selena Piek (Dutch) in the final.
Mens Single Title:
Lee Chong Wei (Malaysia) has won the Mens Single title by defeating Ng Ka
Long Angus (Hong Kong) in the finals.
Womens Single Title:
Michelle Li (Canada) has won the womens single title by defeating Kaori
Imabeppu (Japan) in the finals.
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Mixed Double Title:
Li Junhui (China) and Liu Yuchen (China) has won the mixed doubles title by
defeating the Kaixiang Huang (China) and Sijie Wang (China) in the final match.
2.
Satnam Singh Bhamara has become the first Indian born Basketball player to be
drafted in the National Basketball Association (NBA) team.
3.
Sachin Tendulkar has been voted as the Best Test Player of the 21st Century in
an Online Poll.
4.
Zaheer Abbas has appointed as the New President of International Cricket

Council (ICC) for one year term.
5.
Famous Tennis Icon Steffanie Graf was appointed as the brand ambassador of
Keralas Ayurveda.
6.
Roger Federer has won the 8th Halle Open ATP title in Germany by defeating
Andreas Seppi (Italy) in the final.
7.
Shashi Bala, former Indian Women hockey captain, has passed away on 21
June 2015 at her age of 45.
8.
New Galaxy was named as CR7 (COSMOS Redshift 7) after the famous
Portuguese Footballer Cristiano Ronaldo
9.
Sunil Chhetri has become the first Indian Footballer to Score 50 International
Goals; he has achieved this level at this 87th Match.
10.
Rohan Bopanna (India) and Florin Mergea (India) has won the Stuttgart Mens
Double Open title 2015, by defeating the Alexander Peya (Australia) and Bruno
Soares (Brazil) which was held at Germany.
11.
MS Dhoni is the only Indian to be placed in the Forbes List of the Worlds
Highest-Paid Athletes 2015.
12.
Winners of 2015 French Open Title of Tennis:

Mens Single Title:
Stanislas Wawrinka (Switzerland) has won the first mens single title by defeating
the Novak Djokovic (Serbia).
Womens Singles Title:
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Serena Williams (US) has won the womens Single title by defeating the Lucie
Safarova (Czechoslovakia).
Mens Doubles Title:
Ivan Dodig (Crotia) and Marcelo Melo (Brazil) has won the mens double title by
defeating the Bob Bryan (US) and Mike Bryan (US).
Womens Double Title:
Bethanie Mattek-Sands (US) and Lucie Safarova (Czech Republic) has won the
womens doubles title by defeating the Casey Dellacqua (Australia) and
Yaroslava Shvedova (Kazakhstan).
Mixed Doubles Title:
Bethanie Mattek-Sands (US) and Mike Bryan (US) has won the mixed doubles
title by defeating the Lucie Hradecka (Czech Republic) and Marcin Matkowski
(Poland) in the finals.
13.
Barcelona FC has won the Union of European Football Associations (UEFA)

Champions League Trophy for the 5th time by defeating the Juventus FC in the
final which was held at Berlin, Germany.
14.
Machettira Raju Poovamma (India) and Liksy Joseph (India) has won Silver
Medals in Asian Atheletics Championship which was held at Wuhan, China.
15.
Ravi Shastri the former Indian Cricket Player was appointed as the Interim
Coach of Indian Team for Bangladesh Tour
List of Defense News (Last 6 months)

1.
Theatre Level Readiness and Operational Exercise (TROPEX) 2015, Annual

exercise of Indian Navy was held on 27th February 2015
2.
Recently, SBI and Indian Army have Signed a MoU to fulfill the requirements of
the serving soldiers, Pensioners and their families.
3.
Maithripala Sirisena, the President of Sri Lanka has appointed Major General
Chrishantha de Silva as the New Sri Lankan Army Chief.
4.
US has signed an agreement with Turkey to provide training to the Arm Syrian
forces to fight with the IS Militants. This agreement was signed by the Turkeys
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foreign ministry undersecretary Feridun Sinirlioglu and US ambassador Ankara
John Bass.
5.
India has successfully tested the Nuclear Capable Prithvi-II surface to surface
missile in Odisha. This is the first missile which is indigenously developed by
DRDO.
Features:
6.
Range- 350 Km
Surface to surface missile
Payload capacity: 500- 1000kg
Single Stage Liquid propelled
Indian Based Company, Kalyani Group has signed a Joint Venture with Israels
Rafael Advanced Defense System. This is the first JV that comes under the New
FDI limits in Defense sector. Chairman and MD of Kalyani Group Mr. Baba
Kalyani announced that 51% of share will be with Kalyani Group and 49% to
Rafael Advanced Defense System.
7.
10th Aero India Show was held at Yelahanka Air Force Station in Bangalore,
which was inaugurated by Prime Minister Narendra Modi
8.
Recently, China has Opened a new embassy at Islamabad in Pakistan. It was

declared as the largest overseas diplomatic embassy of China.
9.
India has successfully tested the BrahMos Supersonic Cruise Missile from the
INS Kolkata. INS Kolkata is the indigenously built Navys Destroyer.
Features of BrahMos:
Its name was derived from the two rivers, Indias Brahmaputra and
Russias Moskva River.
10.
Capable of carrying warhead of 300kg
Range 290km
Indian Navy has conducted the Humanitarian Assistance and Disaster Relief
(HADR) exercise at Lakshadweep Island.
11.
Amogh is the high speed patrolling ship which was acquired by the Indian Coast
guard. This patrolling ship has the maximum speed capacity up to 63km.
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12.
Indian Air Force has signed a contract of Rs. 1090 crores with Hindustan
Aeronautics Limited (HAL) to purchase 14 Dornier-228 Aircraft.
13.
Pakistan has successfully tested its indigenously developed Air Launched Cruise
Missile (ALCM) Raad.
Features:
14.
Surface to Air Missile
Range 350 kms
Surinder Pal Singh Cheema (Vice Admiral) was appointed as the new
Commanding-in-chief of Western naval command on 31st March 2015.
15.
Indian Coast Guards Eastern Fleet was Provided with new Fast Patrol Vessel
(FPV) named Anagh and Two intercepter Boats named C-430 and C-417 on 29th
March 2015.
16.
Former Army Chief Sarath Fonseka has recevied the highest military rank of Field
Marshal by the Government.
17.
President Pranab Mukherjee gives away Chakra Awards for the below Defence
Personnel:
Kirti Chakra- Captain Jaidev of Parachute Regiment.
Shaurya chakra(Posthumously)- Subeder prakash chand,Lieutenant

Commander Manoranjan Kumar, Major Abhijai of Corps of Engineers.
Shaurya chakra- Major Mukul Sharma, Commander Gosavi Kaustubh
Vijaykumar, Major R Vamshi Krishnan, Rifleman Manga Ram, Wing
Commander Huvey Upadhyaya, Major Abhishek Kumar, Major Satnam
Singh, Naik Ansaigra Basumatary.
18.
Indias Indigenously developed Beyond Visual Range (BVR) air-to-air missile

Astra was successfully tested from a Sukhoi-30 fighter aircraft on 18th March
2015.
19.
Pakistan successfully tested its 1st indigenously built all-weather armed drone
named Burraq and a laser guided missile named Barq on 14th March 2015.
20.
Pakistan successfully tested the nuclear capable Shaheen-III ballistic missile in
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the Arabian sea on 9th March 2015.
21.
India has signed a MoU with Spain for Mutual Protection of Classified Information.
It seems that after this agreement there will be an understanding and enhanced
cooperation in the defence sector between both countries.
22.
Defence Acquisition Council (DAC) has approval for Mine Counter Measure
Vessel (MCMV) which was worth of Rs 32,000 crore.
23.
Recently Reliance Infrastructure has owned Pipavav Defence along with its fully
owned subsidiary Reliance Defence Systems Pvt Ltd.
24.
In Rajasthan Indian Army conducts major exercise which was named as

Akraman II .
25.
Indian Army has named the rescue operation for Nepal earthquake as Operation
Maitri. More than 1000 trained personnel from National Disaster Response Force
(NDRF) were take part in this operation.
26.
Naval exercise between India and France was named as Varuna which was held
at the Goa Coast starts from 23rd April 2015.
27.
First Battalion, the First Gorkha Rifles celebrated its Bicentenary at Pathankot
(Punjab)
28.
Indian Navys new stealth destroyer named INS Visakhapatnam was launched at
Mazgaon Docks Ltd (MDL) in Mumbai (Maharashtra). It is a Kolkata-Class
Warship and the first of P15-B Stealth Destroyer.
29.
India has successfully tested the Nuclear capable surface-to-surface Agni-III

ballistic missile was successfully tested on `6th April 2015.
30.
Border Security Force (BSF) launched nationwide satellite-based tele-medicine

programme for its troops.
31.
Retired Air Chief Marshal Hrushikesh Moolgaonkar passed away on April 9 2015
in Pune (Maharashtra).
32.
On 9th April 2015 India has successfully test fired nuclear weapons capable
Dhanush missile from a Ship. This missile has the capacity of 500 to 1000
kilogram and with range of 350 km.
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33.
On 6th April First indigenously-built Scorpene Submarine Kalvari was undocked at

the Mazagaon Dockyard Limited (MDL) in Mumbai (Maharashtra).
34.
Dr. Selvin Christopher (scientist) appointed as Director General (DG) of Defence

Research and Development Organisation
Organisation for the Prohibition of Chemical Weapons (OPCW) one of the Nobel
35.
peace prize winning organization has achieved its milestone by destroying the
90% of global chemical weapons stockpile.
36.
Tripura government decides to withdraw Armed Forces Special Powers Act

(AFSPA) from state.
India and Vietnam signed Joint Vision Statement on Defence Cooperation (2015-
37.
2020), this agreement was signed by the India Union Defence Minister Manohar
Parrikar and General Phung Quang Thanh, Vietnamese Minister of National
Defence.
38.
39.
40.
41.
42.
43.
44.
45.
46.
India and Singapore bilateral naval exercise SIMBEX-15 was held at Singapore
for three days.
Union Cabinet has approved the continuation of Polar Satellite Launch Vehicle
(PSLV) programme up to PSLV-C50.
Indian Air Force (IAF) Mirage 2000 fighter jet has successfully landed in Yamuna
Expressway (Uttar Pradesh).
Astra missile which was fully made in India was successfully test-fired from
Sukhoi-30 MKI (Odisha). It is a air-to-air missile and having capacity of 15 kg.
INS Kavaratti, Indian Navys latest anti-submarine warfare ship launched in
(Kolkata).
BrahMos, land to- land cruise missile was successfully tested from Car Nicobar
Islands.
Indian Navy commissioned INS Saradar Patel naval base in Porbandar (Gujarat)
North Korea has successfully tested its underwater fire of submarine launched
ballistic missile.
Indian Army and Bank of India signed Memorandum of Understanding on
Defence Salary Package
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47.
48.
49.
Indian Army inducted developed surface-to-air Akash missile

14th edition of Indo-French naval exercise Varuna was held on 2 May 2015 at
Goa.
In the list of Top 10 worlds biggest employers which was announced by World
Economic Forum (WEF), two Indian organizations, such as Indian Railways and
Indian Army have placed. Both of the organizations employ around 2.7 million
people together. In this list US department of Defense placed No. 1, with over 3.2
million employees.
50.
Sri Lanka and China has started the joint Military Training Exercise which was
code named as Silk Route 2015 at Buttala in Central Sri Lanka.
51.
As per the report of Stockholm International Peace Research Institute (SIPRI)

Year book 2015, number of nuclear weapons in the world decreased in 2015,
from 16,350 to 15,850.
52.
China has successfully tested the 4th Hypersonic Nuclear delivery vehicle Wu-14
on 7th June 2015.
53.
Indias first indigenously built largest aircraft carrier INS Vikrant has successfully
undocked at Cochin Shipyard Limited (CSL) in Cochin, Kerala.
54.
India and US has signed an important 10 years defence agreement frame work
on 3rd June 2015.
55.
Pinaka Mark-II, Indigenously built rockets was successfully tested at Pokhran,

Rajasthan. This is also known as Weapon Area System (WAS) with rage up to
30 km.
56.
Indigenously built Light Combat helicopter (LCH) prototype has successfully

cleared the hot weather trails at Jodhpur, Rajasthan.
List of Important Books and Authors (Last 6 months)

Books
Vyomkesh Darvesh
Education of Muslims: An Islamic
Perspective of Knowledge & Education-
Authors
Vishwanath Tripath
J S Rajput
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Indian Context
Flood of Fire
Sourav Ganguly: Cricket, Captaincy and
Controversy
Amitav Ghosh
Saptarshi Sarkar
How to be Both
Ali Smith
The Indian Parliament A Critical
Sudha Pai and Avinash Kumar
Appraisal
The Red Sari
Javier Moro
Farishta (Hindi Novel)
Kapil Isapuri
Neither a Hawk nor a Dove
Khurshid M Kasuri
Kiran Bedi: Kaise Bani Top Cop

Fragile Frontiers: The Secret History of
Mumbai Terror Attacks
Editor Unplugged: Media, Magnates,
Netas and Me
Reeta Peshawaria Menon and Anu

Peshawaria
S K Rath
Vinod Mehta
Flora of Guntur City Andhra Pradesh
PR Mohana Rao
Shivaji Kon Hota
Govind Pansare
Madhorubhagan
Perumal Murugan
Family Life
Akhil Sharma
Nehru and Bose- Parallel Lives
Rudrangshu Mukherjee
Lucknow Boy
Vinod Mehta
Letters for a Nation
Jawaharlal Nehru & Madhav Khosla
Born Again on the Mountain
Arunima Sinha
China-India War- Worlds 1st Water War- Former Army chief General Sundarajan
2029
Price of Gujarat: The Extraordinary
Story of Prince Gopaldas Desai
The Indian Parliament-A Critical
Appraisal
Padamanabhan
Rajmohan Gandhi
Prof. Sudha pai and Avinash kumar
Page 74
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Why I Assassinated Gandhi
Nathuram Godse and Gopal Godse
Madhorubhagan
Perumal Murugan
The Red Sari(Unooffical and

Controversial Autobiography of Sonia
Javier Moro
Gandhi)
Kiran Bedi-kaise Bani Top Cop
Neither a Hawk nor a Dove
Editor Unplugged-Media,
Magnates,Netas and Me
Fragile Fronties-The secret History of
Mumbai Terror Attacks
Reeta Peshawaria Menon and Anu

Peshawaria
Pakistans EX-Foreign Minister
Khurshid M Kasuri
Vinod Mehta
Saroj Kumar Rath
Indias Growth Resurgence: Sectorial
Yerram Raju, M Sitarama Murthy and
Issues and Governance Risks
Singala Subbaiah
Flora of Guntur City Andhra Pradesh
PR Mohana Rao
Ham Bhi Wahan Mojod Thay
Former Pakistan Minster Abdul Majeed
Mandate: Will of the people
Vir Sanghvi
Suleiman charita
Kalyana Malla
The Crown Prince,The Gladitor and The

Hope
Gods Bankers
Food for All: International Organizations
and the Transformation of Agriculture
Faces and Places
Indian Parliamentary DiplomacySpeakers Perspective
Q&A(the Slumdog Millionaire was based
on this book)
Flood of Fire
Ashutosh
Gerald Posner
Uma Lala was in news in march 2015.
Prof. Deepak Nayyar
Meira Kumar
Vikas Swarup
Amitav Ghosh
Page 75
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Your Dreams Are Mine Now: She
Showed him What Love
Aantank Ke Saaye Men
Ravinder Singh
Garima Samjay
Upcoming Summits and its Venue

Sno
1.
2.
3.
4.
5.
6.
7.
8.
Summits
Venue
6th BRICS Summit 2014
Fortaleza & Brasilia, Brazil
7th BRICS Summit 2015
Ufa, Russia
40th G7 Summit 204
Brussels,Belgium(without Russia)
41st G7 Summit 2015
Bavaria, Germany(Again without Russia)
9th G-20 Summit 2014
Brisbane,Australia
10th G-20 Summit 2015
Turkey
25th ASEAN Summit 2014
NayPyiDaw, Mayanmar
26th ASEAN Summit
Kuala Lumpur & Langkawi, Malaysia
26th APEC summit 2014
China
Philippines
lima, peru
Hanoi, Vietnam
6th OPEC International Seminar

2015
Vienna, Austria
17th NAM Summit 2015
Caracas,Venezuela
ADB Annual Meeting 2014
Astana,Kazakhstan
ADB Annual Meeting 2015
Baku,Azerbaijan
10.
NATO SUMMIT 2014
Wales , UK
11.
NATO 2016
Warsaw , Poland
9.
12.
13.
NAMA 2015 CONFERENCE on

Ayurveda
5th International Conference on
Ayurveda
California
Coimbatore
Page 76
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Important Organizations and its Headquarters
Sno
Organizations
Expansion
Head Quarters
1.
UN
United Nations
New York, U.S.A.
2.
UNICEF
United Nations Childrens Fund
New York, U.S.A.
3.
WTO
World Trade Organization
Geneva, Switzerland
4.
WHO
World Health Organization
Geneva, Switzerland
5.
WMO
6.
WIPO
7.
WFP
World Food Programme
Rome, Italy
8.
UPU
Universal Postal Union
Bem, Switzerland
9.
UNU
United Nations University
Tokyo, Japan
10.
UNFPA
United Nations Population Fund
New York, U.S.A.
11.
UNODC
12.
UNIDO
13.
UNHCR
14.
UNEP
World Meteorological
Organization
World Intellectual Property
Organization
United Nations Office on Drugs

and Crime
United Nations Industrial
Development Organization
United Nations High
Commissioner for Refugees
United Nations Environment
Programme
Geneva, Switzerland
Geneva, Switzerland
Vienna, Austria
Vienna, Austria
Geneva, Switzerland
Nairobi, Kenya
United Nations Educational,

15.
UNESCO
Scientific and Cultural
Paris, France
Organization
16.
UNDP
17.
UNCTAD
18.
ITU
United Nations Development

Programme
United Nations Conference on
Trade and Development
International Telecommunication
New York, U.S.A.

Geneva, Switzerland
Geneva, Switzerland
Page 77
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Union
19.
IMF
20.
IMO
21.
ILO
22.
IFAD
23.
ICJ
24.
ICAO
25.
IAEA
International Monetary Fund

International Maritime
Washington, U.S.A
London, U.K
Organization
International Labour Organization Geneva, Switzerland

International Fund for Agriculture
Development
International Court of Justice
International Civil Aviation
Rome, Italy
The Hague, Netherlands
Montreal, Canada
Organization
International Atomic Energy
Agency
Vienna, Austria
Food and Agriculture

26.
FAO
Organization of the United
Rome, Italy
Nations
Latest Banking Abbreviations-2015

S.No
Abbreviations
Full forms
1.
HRIDAY
Heritage Development and Augmentation Yojana
2.
NITI
National Institution for Transforming India
3.
EEU
Eurasian Economic Union
4.
PRAGATI
Pro-Active Governance and Timely Implementation
5.
MUDRA
Micro Units Development and Refinance Agency
6.
PAHAL
Pratyaksha Hastaantarit Laabh
7.
MRT
Mitochondrial Replacement Therapy
8.
PSF
Price Stabilization Fund
9.
JAM
Jan Dhan, Aadhar and Mobile
10.
IRNSS
Indian Regional Navigation Satellite System
11.
NERPAP
National Electoral Roll Purification and Authentication

Programme
Page 78
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12.
AVAM
AAP Volunteer Action Manch
13.
NMET
National Mineral Exploration Trust
14.
NSM
National Supercomputing Mission
15.
UPI
Unified Payment Interface
16.
Ind AS
Indian Accounting Standards
17.
POTUS
President of the United States
18.
TLCs
Tech Learning Centres
19.
BOSS
Bharat Operating System Solutions
20.
AMRUT
Atal Mission for Rejuvenation and Urban Transformation
Important Days
Sno.
Date
Day
1.
12th January
National Youth Day (Vivekanandas Birthday)
2.
15th January
Army Day
3.
24th January
National Girl Child Day
4.
25th January
National Tourism Day/ Voters Day
5.
4th February
World Cancer Day
6.
28th February
National Science Day
7.
8th March
International Women Day
8.
9th March
World Kidney Day
9.
15th March
World Consumer Rights Day
10.
20th March
World Sparrow Day & International Happiness Day
11.
21st March
World Forestry Day
12.
22nd March
World Water Day
13.
23rd March
World Meteorological Day
14.
24th March
World T.B Day
15.
2nd April
World Autism Awareness Day
16.
7th April
World Health Day
17.
21st April
Civil Service Day
18.
22nd April
World Earth Day
Page 79
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19.
24th April
Panchayat Divas
20.
1st May
International Labour Day
21.
3rd May
World Press Freedom Day
22.
11th May
National Technology Day
23.
21st May
Anti-Terrorism Day (Death Anniversary of Rajiv Gandhi )
24.
31st May
Anti-Tobacco Day & No Smoking Day
25.
5th June
World Environment Day
26.
1st July
Doctors Day
27.
11th July
World Population Day
28.
6th August
Hiroshima Day
29.
9th August
Nagasaki Day
30.
12th August
International Youth Day
31.
29th August
National Sports day (Birth Anniversary of Dhyan Chand )
32.
5th September
Teachers Day
33.
8th September
World Literacy Day
34.
14th September
Hindi Divas
35.
15th September
Engineers Day
36.
16th September
Ozone Day
37.
2nd October
International Non-Violence Day
38.
8th October
Air Force Day
39.
9th October
World Post Day
40.
24th October
United Nation Day
41.
10th November
Transport Day
42.
17th November
Students Day
43.
18th November
Adults Day
44.
19th November
Citizens Day
45.
20th November
International Childrens Day
46.
27th November
National Law Day
47.
1st December
AIDS Day
48.
4th December
Navy Day
Page 80
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49.
10th December
Human Rights Day
50.
14th December
National Energy Conservation Day
Country- Capital- and Currency

Country
Capital
Currency
Australia
Canberra
Australian Dollar
Afghanistan
Kabul
Afghani
Algeria
Algiers
Dinar
Argentina
Buenos Aires
Peso
Austria
Vienna
Euro
Bangladesh
Dhaka
Taka
Belgium
City of Brussels
Euro
Brazil
Brasilia
Real
Canada
Ottawa
Canadian Dollar
China
Beijing
Yuan
Cuba
Havana
Cuban Peso
Cambodia
Phnom Penh
Cambodian Riel
Cyprus
Nicosia
Euro
Denmark
Copenhagen
Krone
Egypt
Cairo
Egyptian Pound
Ethiopia
Addis Ababa
Ethiopian Birr
Estonia
Tallinn
Kroon
Ecuador
Quito
United States Dollar
France, Finland
Paris, Helsinki
Euro
Fiji
Suva
Fijian Dollar
Germany, Greece
Berlin, Athens
Euro
Ghana
Accra
Ghana Cedi
Guernsey
Saint Peter Port
Guernsey Pound
Gambia
Banjul
Gambian dalasi
India
New Delhi
Indian Rupee
Page 81
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Indonesia
Jakarta
Indonesian Rupiah
Iran
Tehran
Rial
Iraq
Baghdad
Iraqi Diner
Ireland, Italy
Dublin, Rome
Euro
Israel
Jerusalem
Israeli new shekel
Iceland
Reykjavik
Icelandic Krona
Japan
Tokyo
Japanese Yen
Jamaica
Kingston
Jamaican Dollar
Jordan
Amman
Jordanian dinar
Kenya
Nairobi
Kenyan Shilling
Kuwait
Kuwait City
Kuwaiti Dinar
Korea
Seoul
South Korean Won
Malaysia
Kuala Lumpur
Malaysian Ringgit
Mexico
Mexico City
Mexican Peso
Malta
Valletta
Maltese lira
Nigeria
Abuja
Nigerian Naira
Netherlands
Amsterdam
Euro
Norway
Oslo
Norwegian Krone
New Zealand
Wellington
New Zealand Dollar
Nepal
Kathmandu
Nepalese Rupee
Namibia
Windhoek
Namibian Dollar
Pakistan
Islamabad
Pakistani Rupee
Peru
Lima
Peruvian Nuevo Sol
Portugal
Lisbon
Euro
Russia
Moscow
Russian Ruble
Romania
Bucharest
Romanian Leu
Sweden
Stockholm
Swedish Krona
Switzerland
Bern
Swiss Franc
Sri Lanka
Sri Jayewardenepura Kotte
Sri Lankan Rupee
Spain
Madrid
Euro
Page 82
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Thailand
Bangkok
Thai baht
Taiwan
Taipei
New Taiwan Dollar
Turkey
Ankara
Turkish Lira
United Kingdom
London
Pound
United States
Washington, D.C.
United States Dollar
Uruguay
Montevideo
Uruguayan Dollar
Venezuela
Caracas
Venezuelan Bolivar
Yugoslavia
Belgrade
Yugoslav Dinar
Zimbabwe
Harare
Zimbabwean dollar
Zambia
Lusaka
Zambian Kwacha
Page 83

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GK Capsule for RBI Assistant Exam 2015

Current Bank Rates

Important Information about RBI

Latest Banking NEWS Updates

Business and Economy News (Last 6 months)

Highlights of Budget 2015-2016

Important Schemes launched by Government

List of Appointments (Last 6 months)

List of Awards and Honors (Last 6 months)

List of Sports News (Last 6 months)

List of Defense News (Last 6 months)

List of Important Books and Authors (Last 6 months)

Upcoming Summits and its Venue

Important Organizations and its Headquarters

Latest Banking Abbreviations-2015

Country- Capital- and Currency

For More Banking Study Materials Visit: www.ibpsguide.com

Current Bank Rates

Reverse repo rate

Cash reserve ratio

Important Points To Be Known About RBI:

Prepare a 20 year road-map for financial inclusion

Make other banks to consider issuing loans to the poor liberally

Celebrated 80th anniversary on 2nd April 2015

loan interest rates

total fees and chargers applicable on various types of loans

Act as brokers for insurers

Sell insurance policies from different insurance companies

Set up their own subsidiaries and venture companies

Undertake referral services for multiple companies

Low risk category customers

Medium risk customers

High risk customers

For More Banking Study Materials Visit: www.ibpsguide.com

Aditya birla group

RBIs deadline for these companies ended on 2nd February 2015.

to ensure that 8% of their loans go to small and marginal farmers

RBI to set up a Central Fraud Registry this enables

quick sharing of information about unscrupulous borrowers

helps banks fight bad loans

To increase the flow of capital into the country

trigger a change in management of chronically defaulting companies

to ensure promoters of defaulted companies to have more control

it should be approved by 75% of the creditors by value and 60% of creditors by

Flushing out black money

A disincentive for cash hoarders

International standard practice

RBI has appointed Mrs.Meena Hemchandra as the executive director of

department of banking supervision

department of non-banking supervision

department of co-operative banking supervision

MoUs AND AGREEMENTS SIGNED BY RBI IN 2015:

To enable better coordination with them in supervising financial institutions

To promote greater cooperation between financial supervisors of both the

To share supervisory information among the authorities

For More Banking Study Materials Visit: www.ibpsguide.com

Cooperation and exchange of information between RBI and BCB

An agreement between RBI and Union Government on Monetary Policy Framework. It

empowers RBI to go for inflation targeting

empowers RBI to monitor its monetary policy to achieve inflation rate of 4% by

Currency swap agreements(CSA) with Central Bank of Sri Lanka :

USD 400 million CSA for 3 yrs