The Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as member in ?Financial Stability Institute Advisory Board? of ?Bank ofInternational Settlement (BIS)?. The Advisory Board will comprise a small but diverse group of central bank Governors, heads of financial sector supervision and chairs of standard-setting bodies and regional supervisory groups.Note:The ?Financial Stability Institute Advisory Board? of BIS assists financial sector authorities worldwide in strengthening their financial systems.
The regional rural bank is not allowed to trade in over-night borrowing market.Scheduled commercial banks (excluding RRBs), co-operative banks (other than Land Development Banks) and Primary Dealers (PDs), are permitted to participate in call/notice money market both as borrowers and lenders.Overnight borrowing market, also known as call market, generally involves borrowing and lending of funds for one day and generally takes place against government securities.
Bank of Baroda (BoB) announced to raise Rs. 3,000 Crore through Basel III compliant bonds.
BharatNet is a project of national importance to establish, by 2017, a highly scalable network infrastructure accessible on a non-discriminatory basis, to provide on demand, affordable broadband connectivity of 2 Mbps to 20 Mbps for all households and on demand capacity to all institutions, to realise the vision of Digital India, in partnershipwith States and the private sector. The entire project is being funded by Universal service Obligation Fund (USOF), which was set up for improving telecom services in rural and remote areas of the country. The objective is to facilitate the delivery of e-governance, e-health, e-education, e-banking, Internet and other services to the rural India.
Cheque written by drawer and dated at some point in past is called as theante-dated cheque.Example-If drawer writes a cheque on 1st Februarybut he put the date 1st January. This type of cheque is called antedated cheque.
IEA (International Energy Agency) secretariat located is in Paris, France. Currently, 29 states are part of it.
Airtel Payments Bank has become the first payments bank in India to integrate the Unified Payments Interface (UPI) on its digital platform.
Currency of Qatar -RiyalCurrency of Angola -kwanzaCurrency of Peru ?Nuevo SolCurrency of Philippines ?PesoCurrency of Iraq ?Dinar
International Hockey Federation chief Narinder Batra has been elected as President of Indian Olympic Association for four year term at its annual general meeting.
India ranks 100th(last year 97thposition) out of 119 countries on the 2017 Global Hunger Index which is published by International Food Research Institute.India has ?serious? hunger problems, and has third highest score in all of Asia.
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