GK Capsule For RBI Assistant Exam PDF

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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
(CRR)
Statutory Liquidity 21.50 21.50 21.50 21.50 21.50 21.50
ratio (SLR)
Marginal Standing 8.75 8.75 8.50 8.50 8.50 8.25
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
RBI’s 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
MoU’s 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

RBI’S 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
What’s worrying the RBI?
 Inflation has bounced of November’s 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 India’s 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,
RBI’s 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 NV’s 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 mobile-
banking 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.
RBI’s 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 country’s 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 Bank’s 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 Re-
finance 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 India’s
21.5 per cent assets are either bad or have been restructured to save these turning into non-
performing 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 RBI’s 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 bank’s 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-Apple’s
voice-recognition software. To ensure safety, the bank is enabling this feature only on calls
made from the customer’s 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 non-
achievement 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.

Bank’s gross NPA ratio rises:

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The banking sector’s 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 bank’s power of regulating the Gov’s 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 India’s 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 world’s top -10 list:
Mortgage lender HDFC has emerged as the only Indian company among the world’s 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,Taiwan’s Hua Nan Financial at

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9th and China’s 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.
RBI’s 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.
HDFC’s stake in the bank, the country’s second largest private sector bank, has fallen to 21.7
percent from 22.5 percent after the latter’s 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, voter’s
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 country’s 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 Govt’s 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 country’s 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, India’s 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 e-
commerce 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 India’s 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 company’s losses were mainly due to a continuous fall in gas production from Reliance
Industries Ltd’s(RIL’s) 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 Banl’s 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
project’s 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 AIIB’s top shareholder:
Based on the Asia Infrastructure Investment Bank (AIIB) members GDP weight in the
world in the economy, china will become the bank’s 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 country’s 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 e-
commerce major Snapdeal and the other with digital payment company, PayPal. The MoU
with Snapdeal is for seller financing schemes under the e-commerce major’s 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
bank’s 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 Bank’s 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 world’s 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 Japan’s 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 Tokyo’s 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 RBI’s 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.
World’s first facial-recognition ATM:
China has unveiled the world’s 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 non-
resident 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 Kotak’s services in the vast Indian market while at
the same time it will offer the combined clients in India the opportunities of ING’s international
network.ING Bank holds 6.5 percent stake in the country’s fourth largest private sector lender.
Business and Economy News (Last 6 months)
India and Japan has signed an agreement to boost the trade investment.
 Japan’s Minister for Economy, Trade and Industry Mr. Yoichi Miyazawa and India’s
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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 India’s 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 NRL’s GM
Mr. Bruno Ekka.
ICICI Bank launches Tap-n-pay payment services.
 India’s 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.
 India’s 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 all-
stock 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 Modi’s visit
 India and France on 11 April 2015 signed 17 agreements in various fields during PM
Narendra Modi’s 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.
India’s first IFSC becomes operational at GIFT city in Gujarat.

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 India’s 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 Re-
Finance 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 India’s 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 World’s 100 most powerful women:
Forbes Magazine has released its 12th annual list of world’s 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 India’s 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 India’s First Television Channel dedicated to farmers:

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PM Narendra Modi has launched the DD Kisan India’s 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 PepsiCo’s 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 world’s 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, India’s economic
growth will surpass China’s growth in 2016. The report has projected that the economic growth
of India will be 7.7% in 2016 were the China’s will be 6.8% in 2016.
Apple has acquired the GPS firm Coherent Navigations:
World’s 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.
IISCO’s 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 World’s Biggest Employers:
In the list of top 10 world’s 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 Development’s (UNCTAD’s) has announced that
India has topped in the regional inflow of FDI in South Asia with 34 billion in 2014. China is the
world’s 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:
India’s largest Telecom Company Bharti Airtel has launched 4G services in Mysore; they have
launched the India’s 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 India’s 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 World’s Largest Oil Producer:
As per the Report of British Petroleum (BP), US has become the World’s 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 Indian’s (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).
-Passenger’s 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 non-
motorized 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 Name of the Schemes Functions

1. Jawaharlal Nehru National Urban This Program was launched in 2005 for
Renewal Mission (JNNURM) modernization of Urban centers.
2. 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. Jawaharlal Nehru National Solar This program was launched to achieve
Mission 20,000 MW of solar power by 2022`
9. 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 Designation Person’s Name
New General Secretary of
1. Sitaram Yechury
Communist Party of India (Marxist)
New Chief Adviser to BCCI’s Anti-
2. Neeraj Kumar
Corruption & Security Unit (ACSU)
India’s New Chief Election
3. Dr. Nasim Zaidi
Commissioner
New Head of team probing IPL
4. CBI SP Vivek Priyadarshi
Scandal
New Leader of Opposition (LOP) in
5. Vijender Gupta
Delhi assembly
New Technology Head of Walmart
6. Pankaj More
India
New President of Confederation of
7. Indian Industry (CII) for year 2015- Sumit Mazumder
16
New Director of ISRO Satellite
8. Dr. MayilSamy Annadura
Centre (ISAC)
9. Chairman of IPL Governing council Rajeev Shukla
10. New CEO of Essar shipping Ltd Captain Anoop kumar sharma
11. India’s 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
New Head of UN Mission for Ebola
15. Peter Jan Graff
Emergency Response
16. New Prime Minister of Peru Pedro Cateriano Bellido
17. New President of Nigeria Muhammadu Buhari
First Indian born American Woman

18. Raja Rajeswari
Judge of New York
First Black Female Attorney General
19. Loretta Lynch
of US
20. New US Surgeon General Dr. Vivek Murthy
New Commanding -in- chief of

21. Vice Admiral Cheema
Western Naval Command
New Managing Director of Renault
22. Colin Macdonald
Nissan Automotive India
23. New head of the Royal Society Sri Venkatraman Ramakrishnan
Managing Director and CEO of

24. Credit Rating Services of India Ashu Suyash
Limited (CRISIL)
Group President and Chief
25. Ali Neemuchwala
Operating Officer of Wipro
Brand Ambassador of the North
26. MC Mary Kom
East
Chief Financial Officer (CFO) of
27. Aswin Mittal
Walmart India
New Chairman of National Book
28. Baldev Sharma
Trust

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President of Board of Control for

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

32. Ruth Porat
Google
33. New Pakistan Air Force Chief Sohail Aman
34. New Chief Minister of Bihar Nitish Kumar

New Director (Pipelines) at Indian
35. Anish Aggarwal
Oil Corporation
New Chairman of Commission
36. MM Das
of Inquiry probing Chit Fund Scam
37. New Head UNHRC Gaza probe Mary McGowan Davis
38. New President of Greece Zoe Konstantopoulou
MD & CEO of Multi Commodity
39. Balasubramaniam Venkataramani
Exchange (MCX)
New Secretary in the Union Ministry
40. of Housing & Urban Poverty Nandita Chatterjee
Alleviation (HUPA)
New General Manager of Southern
41. Ashok K Agarwal
Railway
42. New President of Italy Sergio Mattarella
New Secretary in the Union Ministry
43. Madhusudhan Prasad
of Urban
New Director General of Council of
44. MO Garg
Scientific & Industrial Research
New UN Special Coordinator for the
45. Nickolay Mladenov
Middle East Peace Process

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New Chairman of Indraprastha Gas

46. M Ravindran
Limited
Chief Operating
47. Naveen Chopra
Officer of Vodafone India
New – Director General of Indo-
48. Krishna Chaudhary
Tibetan Border Police
49. New Chief Minister of Delhi Arvind Kejriwal
New Defense Secretary( appointed
50. Ashton B Carter
by US Senate)
New Chief of ISRO’s Space
51. Tapan Misra
Application Centre
New Executive Director for Regions
52. Ravi Chaudhary
and Centre Operations at FAA
New Director General of Police of
53. DK Pandey
Jharkhand
Special Envoy to Andhra Pradesh
54. Gopinath Pillai
by Singapore
New Chief Minister of Jammu and
55. Mufti Mohammad Sayeed
Kashmir
New President and CEO of Honda
56. Takahiro Hachigo
Motor Co
New Speaker of Delhi Legislative
57. Ram Niwas Goel
Assembly
58. New - Sri Lanka Army chief Chrishantha de Silva
59. First Female President of Croatia Kolinda Grabar-Kitarovic
New Technology advisor in
60. Jeyandran Venugopal
Snapdeal
61. New President of FIFA -Federation
International de Football Association Sepp Blatter
for 5th term

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62. New Mayor of United Kingdom’s 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 India’s Sunil D’Souza
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 Awards and Honours Winners

1. Bishwaratna Dr Bhupen Hazarika 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. France’s 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 Tourism’s Campaign
Berlin
15. Stree Shakti Puraskar 2014
Winners:
 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)
16. Mo Ibrahim Prize for African Leadership Hifikepunye Pohamba (President
2014 of Namibia)
17. 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 d’Or 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 (Indian-
American 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 world’s best airport for the year 2014 Indira Gandhi International Airport
(IGIA)
44. Winner of Japan’s 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. Colombia’s Highest Civilian Award Sri Sri Ravi Shankar
49. Sangita Kalanidhi Award 2015 Sanjay Subramanyam
50. Japan’s Fukuoa Prize 2015 Ramachandra Guha
51. Japan’s 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 Children’s
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 Women’s 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. Women’s 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
women’s 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 men’s singles title was won by Viktor Troicki
(Serbia) by defeating Mikhail KuKushkin (Russia) in the finals. And the Women’s singles
title was won by Petra Kvitova (Czech Republic) by defeating the Karolina Pliskova (Czech
Republic).
 Sydney International Tennis Tournament 2015 women’s 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 Asia’s 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 d’Or Award of the year
2014; he receives this honor for the third time (He already won this award in 2008 and
2013).
 FIFA Women’s 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 Nehwal’s 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 Women’s 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 (India’s ace shuttler) has won badminton’s prestigious $ 120,000 Swiss
Open Grand prix Gold Title in Men’s 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 Women’s singles title in all England Open Badminton
Championships 2015 by defeating India’s 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 Men’s single Title
2015 which was held at Dubai.
Sno Important Sports NEWS in April 2015

1. Railway team has won the 5th Senior Men’s National Hockey Championship 2015
by defeating the Uttar Pradesh Hockey Team in the finals.
2. Norway’s Magnus Carlsen has the won the Shamkir Chess tournament in
Azerbaijan.
3. India’s 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 Women’s 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 women’s 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 Important Sports NEWS in May 2015
1. 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 men’s category Mosinet Geremew placed first and
in women’s 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:
 Men’s Single Title: Andy Murray won Men’s Singles Title by defeating
Rafael Nadal
 Women’s Single Title: Petra Kvitova has won the Women’s Single Title
by defeating Svetlana Kuznetsova.
 Men’s Double Title: Rohan Bopana and Florin Mergea has won the
title by defeating Marcin Matkowski and Nenad Zimonjic.
 Women’s 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. India’s 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 men’s 20 Kilometers walk in 19th
Federation Cup Senior athletics championship
15. Indian Railway Girls has won 5th National Women hockey championship title.
S.no Important Sports NEWS in June 2015
1. Winners of Canada Open Badminton Tournament:
Women’s Double Title:
Jwala Gutta (India) and Ashwni Ponappa (India) has won the Women’s doubles
title by defeating the Eefije Muskens (Dutch) and Selena Piek (Dutch) in the final.
Men’s Single Title:
Lee Chong Wei (Malaysia) has won the Men’s Single title by defeating Ng Ka
Long Angus (Hong Kong) in the finals.
Women’s Single Title:
Michelle Li (Canada) has won the women’s 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
Kerala’s 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 Men’s
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 World’s
Highest-Paid Athletes 2015.
12. Winners of 2015 French Open Title of Tennis:
Men’s Single Title:
Stanislas Wawrinka (Switzerland) has won the first men’s single title by defeating
the Novak Djokovic (Serbia).
Women’s Singles Title:

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Serena Williams (US) has won the women’s Single title by defeating the Lucie
Safarova (Czechoslovakia).
Men’s Doubles Title:
Ivan Dodig (Crotia) and Marcelo Melo (Brazil) has won the men’s double title by
defeating the Bob Bryan (US) and Mike Bryan (US).
Women’s Double Title:
Bethanie Mattek-Sands (US) and Lucie Safarova (Czech Republic) has won the
women’s 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 Turkey’s

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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:
 Range- 350 Km
 Surface to surface missile
 Payload capacity: 500- 1000kg
 Single Stage Liquid propelled
6. Indian Based Company, Kalyani Group has signed a Joint Venture with Israel’s
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 Navy’s Destroyer.
Features of BrahMos:
 Its name was derived from the two rivers, India’s Brahmaputra and
Russia’s Moskva River.
 Capable of carrying warhead of 300kg
 Range 290km
10. 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) Ra’ad.
Features:
 Surface to Air Missile
 Range 350 kms
14. 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 Guard’s 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. India’s 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 Navy’s 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).
Dr. Selvin Christopher (scientist) appointed as Director General (DG) of Defence
34.
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.
Tripura government decides to withdraw Armed Forces Special Powers Act
36.
(AFSPA) from state.
India and Vietnam signed Joint Vision Statement on Defence Cooperation (2015-
2020), this agreement was signed by the India Union Defence Minister Manohar
37.
Parrikar and General Phung Quang Thanh, Vietnamese Minister of National
Defence.
India and Singapore bilateral naval exercise SIMBEX-15 was held at Singapore
38.
for three days.
Union Cabinet has approved the continuation of Polar Satellite Launch Vehicle
39.
(PSLV) programme up to PSLV-C50.
Indian Air Force (IAF) Mirage 2000 fighter jet has successfully landed in Yamuna
40.
Expressway (Uttar Pradesh).
Astra missile which was fully made in India was successfully test-fired from
41.
Sukhoi-30 MKI (Odisha). It is a air-to-air missile and having capacity of 15 kg.
INS Kavaratti, Indian Navy’s latest anti-submarine warfare ship launched in
42.
(Kolkata).
BrahMos, land –to- land cruise missile was successfully tested from Car Nicobar
43.
Islands.
44. Indian Navy commissioned INS Saradar Patel naval base in Porbandar (Gujarat)
North Korea has successfully tested its underwater fire of submarine launched
45.
ballistic missile.
Indian Army and Bank of India signed Memorandum of Understanding on
46.
Defence Salary Package

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47. Indian Army inducted developed surface-to-air Akash missile

14th edition of Indo-French naval exercise Varuna was held on 2 May 2015 at
48.
Goa.
49. In the list of Top 10 world’s 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. India’s 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 Authors
Vyomkesh Darvesh Vishwanath Tripath
Education of Muslims: An Islamic
J S Rajput
Perspective of Knowledge & Education-

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Indian Context
Flood of Fire Amitav Ghosh
Sourav Ganguly: Cricket, Captaincy and
Saptarshi Sarkar
Controversy
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
Reeta Peshawaria Menon and Anu
Kiran Bedi: Kaise Bani Top Cop
Peshawaria
Fragile Frontiers: The Secret History of
S K Rath
Mumbai Terror Attacks
Editor Unplugged: Media, Magnates,
Vinod Mehta
Netas and Me
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- World’s 1st Water War- Former Army chief General Sundarajan
2029 Padamanabhan
Price of Gujarat: The Extraordinary
Rajmohan Gandhi
Story of Prince Gopaldas Desai
The Indian Parliament-A Critical
Prof. Sudha pai and Avinash kumar
Appraisal

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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)
Reeta Peshawaria Menon and Anu
Kiran Bedi-kaise Bani Top Cop
Peshawaria
Pakistan’s EX-Foreign Minister
Neither a Hawk nor a Dove
Khurshid M Kasuri
Editor Unplugged-Media,
Vinod Mehta
Magnates,Netas and Me
Fragile Fronties-The secret History of
Saroj Kumar Rath
Mumbai Terror Attacks
India’s 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
Ashutosh
Hope
God’s Bankers Gerald Posner
Food for All: International Organizations
Uma Lala was in news in march 2015.
and the Transformation of Agriculture
Faces and Places Prof. Deepak Nayyar
Indian Parliamentary Diplomacy-
Meira Kumar
Speaker’s Perspective
Q&A(the Slumdog Millionaire was based
Vikas Swarup
on this book)
Flood of Fire Amitav Ghosh

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Your Dreams Are Mine Now: She

Ravinder Singh
Showed him What Love
“Aantank Ke Saaye Men” Garima Samjay
Upcoming Summits and its Venue

Sno Summits Venue
6th BRICS Summit 2014 Fortaleza & Brasilia, Brazil
1.
7th BRICS Summit 2015 Ufa, Russia
40th G7 Summit 204 Brussels,Belgium(without Russia)
2.
41st G7 Summit 2015 Bavaria, Germany(Again without Russia)
9th G-20 Summit 2014 Brisbane,Australia
3.
10th G-20 Summit 2015 Turkey
25th ASEAN Summit 2014 NayPyiDaw, Mayanmar
4.
26th ASEAN Summit Kuala Lumpur & Langkawi, Malaysia
26th APEC summit 2014 China
5. 27th APEC summit 2015 Philippines
28th APEC summit 2016 lima, peru
6. 29th APEC summit 2017 Hanoi, Vietnam
6th OPEC International Seminar
7. Vienna, Austria
2015
8. 17th NAM Summit 2015 Caracas,Venezuela
ADB Annual Meeting 2014 Astana,Kazakhstan
9.
ADB Annual Meeting 2015 Baku,Azerbaijan
10. NATO SUMMIT 2014 Wales , UK
11. NATO 2016 Warsaw , Poland
NAMA 2015 CONFERENCE on
12. California
Ayurveda
5th International Conference on
13. Coimbatore
Ayurveda

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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 Children’s Fund New York, U.S.A.
3. WTO World Trade Organization Geneva, Switzerland
4. WHO World Health Organization Geneva, Switzerland
World Meteorological
5. WMO Geneva, Switzerland
Organization
World Intellectual Property
6. WIPO Geneva, Switzerland
Organization
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.
United Nations Office on Drugs
11. UNODC Vienna, Austria
and Crime
United Nations Industrial
12. UNIDO Vienna, Austria
Development Organization
United Nations High
13. UNHCR Geneva, Switzerland
Commissioner for Refugees
United Nations Environment
14. UNEP Nairobi, Kenya
Programme
United Nations Educational,
15. UNESCO Scientific and Cultural Paris, France
Organization
United Nations Development
16. UNDP New York, U.S.A.
Programme
United Nations Conference on
17. UNCTAD Geneva, Switzerland
Trade and Development
18. ITU International Telecommunication Geneva, Switzerland

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Union
19. IMF International Monetary Fund Washington, U.S.A
International Maritime
20. IMO London, U.K
Organization
21. ILO International Labour Organization Geneva, Switzerland
International Fund for Agriculture
22. IFAD Rome, Italy
Development
23. ICJ International Court of Justice The Hague, Netherlands
International Civil Aviation
24. ICAO Montreal, Canada
Organization
International Atomic Energy
25. IAEA Vienna, Austria
Agency
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

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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 (Vivekananda’s 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

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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 Children’s Day
46. 27th November National Law Day
47. 1st December AIDS Day
48. 4th December Navy Day

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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
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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

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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

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GK Capsule for RBI Assistant Exam 2015

SNo Topics Page No

For More Banking Study Materials Visit: www.ibpsguide.com Page 1

Current Bank Rates

Important Points To Be Known About RBI:

 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

 increase the level of transparency for borrowers

 enable borrowers to take informed decision in taking loans

For More Banking Study Materials Visit: www.ibpsguide.com Page 2

 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

KYC done at frequent intervals. KYC for:

 Low risk category customers

 Before it was 5 yrs

 Medium risk customers

 Before it was 2 yrs

 High risk customers

 No change. KYC exercise to be done once in 2 yrs as before

For More Banking Study Materials Visit: www.ibpsguide.com Page 3

payment banks are as follows:

 Aditya birla group

RBI’s deadline for these companies ended on 2nd February 2015.

15% of the cost of the house.

 RBI allowed banks to offer differential interest rates on term of deposits

segments by prescribing targets as a percentage of their total business

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

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

For More Banking Study Materials Visit: www.ibpsguide.com Page 4

without any ceiling

 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

third time. Reasons for withdrawing pre-2005 notes from circulation:

 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

MoU’s AND AGREEMENTS SIGNED BY RBI IN 2015:

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

For More Banking Study Materials Visit: www.ibpsguide.com Page 5

 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