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Latest Blog Posts for General Banking awareness for CWE- IBPS 2012 Exam

  • Food Inflation surged to 12.21 % for October 2011
    on Nov 5, 2011
    According to the WPI data released released by the Commerce and Industry Ministry on 3 November 2011, food inflation surged further to 12.21 per cent for the week ended 22 October  2011 from 11.43 per cent in the previous week owing to soaring p...
  • RBI eased FDI Procedures to woo Global Investors
    on Nov 5, 2011
    The Reserve Bank of India (RBI) on 4 November 2011 announced that transfer of shares between Indians and non-resident Indians (NRIs) would not require its permission in several key areas such as financial services. RBI initiated measures to ease fore...
  • Rupee fell low against Dollar
    on Sep 24, 2011 in Rupee
    The rupee plunged by 124 paise to close at nearly 2.5 year low of 49.57/58 against the dollar on 22 September 2011. The depreciation is posing worries to policy makers on inflation front as a weak domestic currency will make imports costlier.Economis...
  • Governemnt lifted the Ban on Export of Onions
    on Sep 24, 2011 in Export News
    The Union governemnt on 20 September 2011 lifted the ban on export of onions . The decision was taken by the Empowered Group of Ministers (EGoM) headed by Finance Minister in the face of protests by onion farmers in Maharashtra and Karnataka who had...
  • RBI directed Banks to implement Fraud Risk Management from 30 September 2012
    on Sep 24, 2011 in RBI Latest News
    The RBI on 22 September 2011 directed banks to implement various safety measures related to credit card and debit card usage over a period of next two years in order to eliminate cases of fraud and ensure security of transactions.The RBI emphasised o...
  • Ministry of Tourism Launched Training of Drivers
    on Sep 24, 2011 in Ministry of Tourism News
    The Ministry of Tourism launched a Scheme for Driver’s Training under Hunar Se Rozgar tak. In India where tourism is expected to emerge as a key economic driver, driving as an avocation has large employment potential. As in all the programmes and s...
  • RBI hiked Repo Rate by 25 basis points to control Inflation
    on Sep 21, 2011 in Repo Rate
    12th time since March 2010 RBI hiked Repo Rate by 25 basis points to control Inflation rate.:In a move to contain persisting inflationary pressure, the Reserve Bank of India (RBI) hiked the short-term policy rate (repo rate) by 25 basis points from 8...
  • Foreign direct investment (FDI) Proposals worth Rs 242.88 crore approved
    on Sep 21, 2011 in FDI (foreign direct investment)
    Union Government approved 12 foreign direct investment (FDI) Proposals worth Rs 242.88 croreThe Union government on 19 September 2011 announced its approval to 12 foreign direct investment (FDI) proposals worth Rs.242.88 crore in foreign exchange. Th...
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