IBPS Clerk Exam Special: Banking/Economy Current Affairs Questions Part-6

IBPS Clerk Exam Special: Banking/Economy Current Affairs Questions Part-6

Friends.. Hope the series of Banking/Economy Current Affairs we provide helping you. Please comment your suggestions or feedback... Your support is our encouragement...

1. Which bank(the biggest US bank by assets) said 15 Nov 2013, it has agreed to pay $4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the collapse of the US housing market?

(A)JPMorgan Chase & Co

(B) Lehman Brothers

(C) Goldman Sachs

(D) Bank of America

Ans. (A) JPMorgan Chase & Co

2. President Pranab Mukherjee released a postal stamp to commemorate which anniversary of The Times of India in an elegant ceremony at the Rashtrapati Bhawan on 14th Nov 2013?

(A) 50th

(B) 100th

(C) 150th

(D)  175th

Ans. (D)  175th

3. Headline inflation at a high percent and rising food prices are definitely not a good sign for the economy. October WPI inflation figure released on 14^th November 2013 stands at 8-month high. What is WPI (Wholesale Price Index) for October 2013?

(A) 6.2 %

(B) 6.6 %

(C) 6.9 %

(D) 7 %

Ans. (D) 7 %

4. Global professional services firm Ernst & Young has appointed whom as its new Global Chairman and CEO in July 2013?

(A) Gary Kenneth Toomey

(B) Mark Weinberger

(C) Joe Kaeser

(D) Etienne Benet

Ans. (B) Mark Weinberger

5. India has been ranked _______ among 142 countries in the Global Innovation Index 2013 published in July 2013?

(A) 61st

(B) 66th

(C) 68th

(D) 70th

Ans. (B) 66th

6. The Inter-ministerial body Telecom Commission has approved to raise foreign direct investment limit in the telecom sector from current 74% to _________ in July 2013.

(A) 95%

(B) 90%

(C) 100%

(D) 91%

Ans. (C) 100%

7. Which Indian state was declared as the first Smoke-free state of the country in July 2013?

(A) Haryana

(B) Punjab

(C) Himachal Pradesh

(D) Gujarat

Ans. (C) Himachal Pradesh

8. Which country joined the European Union as the 28th member of the Union in July 2013?

(A) Norway

(B) Latvia

(C) Croatia

(D) Turkey

Ans. (C) Croatia

9. Who has been appointed as Director General of Bureau of Indian Standards (BIS) in July 2013?

(A) Sujata Singh

(B) Sunil Soni

(C) K K Paul

(D) Sharad Gupta

Ans. (B) Sunil Soni

10. Who has been appointed as Managing Director of UTI Mutual Fund in July 2013?

(A) Leo Puri

(B) Deepak Parekh

(C) Rana Kapoor

(D) None of These

Ans. (A) Leo Puri

View other parts of this Question Series: Click Here

Join our fb page for regular updates

Read More

Sachin Tendulkar, CNR Rao to be awarded Bharat Ratna

Sachin Tendulkar, CNR Rao to be awarded Bharat Ratna

>>  In a fitting finale to what has been a glorious career, batting maestro Sachin Tendulkar was on Saturday chosen for the prestigious Bharat Ratna, the country's highest civilian award, making him the first sportsperson to be bestowed with the honour. He is also the youngest ever recipient of Bharat Ratna.

>> 40-year-old icon, who called time on his glittering international career today, was chosen for the top award soon after his farewell Test against the West Indies ended in Mumbai.

>> A brief statement issued by Rashtrapati Bhavan spokesperson Venu Rajamony said the President has awarded the Bharat Ratna to Tendulkar, who retired from the international cricket today.

>> Tendulkar bows out as the most successful batsman in international cricket with 15,921 runs in 200 Tests. In his ODI career, which he ended last year, Tendulkar amassed 18,426 runs in 463 matches.

>> The Mumbaikar is the only batsman in international cricket to score 100 centuries. He was the first batsman to get a double hundred in one-dayers.

>> Award is a perfect send off gift to Tendulkar whose career spanned 24 years making him an inspiration for an entire generation of cricketers.

>> There have been continuous demands for him to be conferred the honour for a long time and the eligibility criteria of the award was revised last year to accommodate sportspersons as well.

>> Tendulkar, who became the first active sportsperson to become a Rajya Sabha member last year, is being given the honour along with Professor CNR Rao, the man behind India's maiden Mars mission.

>> Prof CNR Rao is an eminent scientist and a well recognized international authority on solid state and materials chemistry. He has published over 1,400 research papers and 45 books.

>> Prof Rao's contributions have been recognized by most major scientific academies around the world through conferment of memberships and fellowships. He has been honoured with several national and international awards.

>> The Bharat Ratna is being conferred after a gap of years with classical vocalist Pandit Bhimsen Joshi being the last recipient.

Read More

Sachin Tendulkar’s Emotional Retirement Speech....

Sachin Tendulkar’s adieu Speech....

Download as PDF- Click Here

Friends...Here is the final words to his fans by Sachin Tendulkar after retiring from International Cricket by winning the Test Series against West Indies 2-0.

'All my friends, settle down let me talk, I'll get more and more emotional.'The crowd does berserk out there.'My life between 22 yards in the 24 years, it's hard to believe that it's coming to an end. I would like to thank all the people who have helped me in my life to get here. I have a list in my hand, please forgive me if I miss out on a few names.

First, my father, he passed away in 1999. He was very key for my career. he gave me freedom, chase your dreams and don't find shortcuts. He also told me to be a nice human being. My mother, I don't how she dealt with such a naughty like guy me. She took care of me to be healthy. She started praying for me even before I started my career and I think those prayers gave my strength. In my school days, I used to stay with my uncle and aunt as my school was far away. They treated me like their son. They gave me enough food that I can play well. My eldest brother, he used to tell me, I know you'd do everything right and I have the confidence in you. My sister, she gave my the first bat for me. A Kashmir Willow bat. She continues to fast when I bat.

Ajit, I don't what do I talk about him. It all started from the age of 11, he took to Achrekar sir my coach. And my life changed. Even last night, he called me and we were discussing my dismissal. Various things we agreed upon, my technique. I have had a lot of chat with him. If I had not done that, I would have been a lesser cricketer. The most important one in 1991, I met my wife Anjali. I know she was a doctor. When we decided to make it a family, she said, you continue with your cricket and I'll take care of the family. Without that I think I couldn't have played so much cricket. Thank you for all that you've done and it is the best partnership I've had in my life.

Then Sara and Arjun are two precious diamonds in my life. Daughter is 16 and son is 14, time has flown by. I wasn't able to be with them for the birthdays, annaul days and stuff. Thanks for understanding all that, both of you have been so special to me. I've not spent enough time with you but I promise you the rest is for you. My in-laws have been supporting. I discuss various things with them, we have a strong family and thank you for allowing me to marry Anjali. There have been a lot of friends who have supported me. Leaving their work and coming to bowl at me when I called them.

I thought my career was over when I was injured, by my friends called even at 3 AM and made me believe that it was not over. My career started at 11. My brother took me to Achrekar sir and that is the best to have happened to me. Sir would be taking me on his scooter all over Mumbai to ensure that I get enough match practice. On a lighter note, he's never said well played to me so that I don't get complacent.'

'My cricket started right here at this ground. The dream was obviously to play for India. BCCI was fantastic, they believed my at the of 16 years and selected me. Thanks for the support and the freedom, without that this couldn't have happened. I have played with many senior cricketers, thanks to everyone for helping me out. I see, Rahul, Laxman, Sourav and my teamates, you guys are like my family. It is going to be difficult without that dressing room, sharing those special moments.'

'When Dhoni gave me the 200th Test cap, I just said, we are all proud to be here as a team and I believe that you guys will take care of this country in the right spirit to the best of our abilities. I believe in you and all the best for your future. Thanks to all the doctors, physios, without your special efforts, I couldn't have been fit. I don't know how you all kept me in good shape. My dear friend, late Mark Mascerenhas, my first manager. Without him I couldn't have achieved all this. All those sponsorship deals etc.. thanks for your support. I miss you. My manager Vinod Naidu, he's more like my family. He's given me so much time leaving his family to work with him. In the school days when I played well, the media backed be a lot. You've been doing that till now. Thank you to all of you, all those photographers. Those moments will remain with me for the career.

I thank all the people who supported me a lot. Whether I scored a 0 or a 100. I've met a lot of people who does all sorts of things for me, thank you for all that you've done. Especially,'Sachin... Sachin..'that will be ringing in my ears till I breath. Thank you very much. I am sorry if I have missed out on anything. Good bye.'

Read More

End of Sachin Era!!!!!

End of Sachin Era!!!!!

Curtain came down on Sachin Tendulkar's storied Cricket career. The most respected person the Game of Cricket ever had. He has almost all the records under his name.. Our generation is truely blessed to see the GOD OF CRICKET playing in Indian Tri Colour... Thank you Sachin..You made us Love Cricket.. Watch Cricket...

The Spectacular Performances you presented for us will always be remembered and cherished by us....

"If Cricket is our religion...You are our God"....

Thank You Sachin...Thank You... .Thank You... .Thank You... .Thank You... .Thank You... .Thank You... a million times......

Sachin Tendulkar has been the most complete batsman of his time, the most prolific runmaker of all time, and arguably the biggest cricket icon the game has ever known. His batting is based on the purest principles: perfect balance, economy of movement, precision in stroke-making, and that intangible quality given only to geniuses - anticipation. If he doesn't have a signature stroke - the upright, back-foot punch comes close - it is because he is equally proficient at each of the full range of orthodox shots (and plenty of improvised ones as well) and can pull them out at will.

There are no apparent weaknesses in Tendulkar's game. He can score all around the wicket, off both front foot and back, can tune his technique to suit every condition, temper his game to suit every situation, and has made runs in all parts of the world in all conditions.

Some of his finest performances have come against Australia, the overwhelmingly dominant team of his era. His century as a 19-year-old on a lightning-fast pitch at the WACA is considered one of the best innings ever to have been played in Australia. A few years later he received the ultimate compliment from the ultimate batsman: Don Bradman confided to his wife that Tendulkar reminded him of himself.

Blessed with the keenest of cricket minds, and armed with a loathing for losing, Tendulkar set about doing what it took to become one of the best batsmen in the world. His greatness was established early: he was only 16 when he made his Test debut. He was hit on the mouth by Waqar Younis but continued to bat, in a blood-soaked shirt. His first Test hundred, a match-saving one at Old Trafford, came when he was 17, and he had 16 Test hundreds before he turned 25. In 2000 he became the first batsman to have scored 50 international hundreds, in 2008 he passed Brian Lara as the leading Test run-scorer, and in the years after, he went past 13,000 Test runs 30,000 international runs, and 50 Test hundreds.

He currently holds the record for most hundreds in both Tests and ODIs - remarkable, considering he didn't score his first ODI hundred till his 79th match. Incredibly, he retains a divine enthusiasm for the game: at 36 years and 306 days he broke a 40-year-old barrier by scoring the first double-century in one-day cricket. In 2012, when just one month short of his 39th birthday, he became the first player to score 100 international centuries, which like Bradman's batting average, could be a mark that lasts for ever. Later that year, though, he announced his retirement from ODIs after a disappointing 18 months in international cricket. In October 2013, having played 198 Tests, Tendulkar announced that he would quit the longest format after playing his 200th Test, at home against West Indies.

Tendulkar's considerable achievements seem greater still when looked at in the light of the burden of expectations he has had to bear from his adoring but somewhat unreasonable followers, who have been prone to regard anything less than a hundred in each innings as a failure. The aura may have dimmed, if only slightly, as the years on the international circuit have taken their toll on the body, but Tendulkar remains, by a distance, the most worshipped cricketer in the world. 

Here is a look at Sachin's Cricket Stats

                    Mat    Inns  NO       Runs         HS         Ave          100         50

Tests 200    329          33        15921  248* 53.78  51     68

ODIs 463 452   41           18426       200*      44.83      49            96

T20Is 1          1  0               10                10          10.00     0              0  

Courtesy: cricinfo 

Read More

Important Current Affairs from 15 November 2013

Important Current Affairs from 15 November 2013

1) Sachin enthralls with innings to remember in farewell Test: Magician called Sachin Ramesh Tendulkar ensured that it was a farewell that each and every Indian will remember for posterity as the country’s greatest sporting icon walked into the sunset with a knock which exhibited just why he is the greatest of this era. In his 200th and last Test match, Tendulkar showed how a genius can keep overwhelming emotions under control as he scored a majestic 74 in what will probably be his last international innings.

2) Sachin Tendulkar is Time magazine’s ‘Person of the Moment’: Accolades continued to pour in for the retiring Sachin Tendulkar with the ‘Time’ magazine naming the legendary Indian batsman its “Person of the Moment” while as he plays his last Test in Mumbai. “The world’s greatest cricketer plays his last match...much to the disappointment of throngs of adoring fans,” The magazine said of the 40-year-old, who will bid adieu to cricket after playing his 200th test currently being played against the West Indies in Mumbai.

3) INS Vikramaditya to be included into Indian Navy tomorrow (15 Nov 13): The long-delayed and much awaited $2.3 billion aircraft carrier INS Vikramaditya will be inducted into the Indian Navy on 15 Nov 2013, enhancing India’s maritime capabilities. Defence Minister A.K Antony, who is arriving Russia, will be inducting the aircraft carrier into the force in the presence of Russian Deputy Prime Minister Dmitry Rogozin and Senior Government and naval officials of the two countries. The aircraft carrier will be inducted in the Indian Navy at the Sevmash Shipyard, Russia’s nuclear submarine building centre. INS Vikramaditya is a Kiev class aircraft carrier which was commissioned by Russian Navy in 1987 under the name Baku. It was later renamed as Admiral Gorshkov and last sailed in 1995 in Russia, before being offered to India.

4) Mangala Express derails near Nashik; 3 dead, 37 injured- Three passengers were killed and 37 others injured when ten coaches of Nizamuddin-Ernakulam Lakshadweep Mangala Express train was passing through the Ghoti-Igatpuri section, derailed at Ghoti near Igatpuri in Nashik district.

5) Moody’s lowers rating for four major US banks:  US ratings service Moody’s lowered by one level its rating for four of the biggest US banks after a review that began in August, news reports said on Thursday. Morgan Stanley, Goldman Sachs Group, JPMorgan Chase & Co and Bank of New York Mellon had their senior holding company ratings lowered. Moody’s took the step after deciding the US government would be less likely to help them repay creditors in a crisis.

6) India’s 1st ever mountain biking race on Nov 17: Cycling enthusiasts of the country will get to witness their own version of ‘Tour the Himalayas’ with India’s first-ever mountain biking race all set to be held here on November 17. Being organized jointly by the Mountain Track Biking Association (MTBA) of Uttarakhand, Cycling Federation of India (CFI) and Artsmith Concepts and Visions with support from the state government and the Indian Army, the event will have races in three categories for the elite riders (20kms), the amateurs (15kms) and the teens (10kms), MTBA, Uttarakhand president Rahul Jain told reporters.

7) HCL Infosystems to exit PC manufacturing business: HCL Infosystems has decided to exit the PC manufacturing business and focus more on IT services and hardware distribution. The company has hived off its businesses into three subsidiaries in a bid to unlock value in profitable businesses and isolate loss-making ones. The move is part of the company’s turnaround strategy.

8) Steps soon to deepen G-Secs market: Rajan- RBI will unveil steps to improve the liquidity and the depth of the Government securities segment. “In the coming weeks, we will roll out more recommendations of the Gandhi Committee report to improve the liquidity and depth of the G-Sec market. We will then turn to the money and corporate debt markets. We will introduce new variants of interest rate futures and products like inflation indexed certificates, and work to improve liquidity in derivative markets,” RBI Governor Raghuram Rajan said at Bancon 2013 here. G-Secs are dated securities issued by the Centre and States as well as Treasury bills issued by the former. Also called gilt edged securities, G-Secs are free from default risk and offer reasonable returns.

9) SBI to raise Rs 5,000 cr via tier II bonds: Country’s largest bank State Bank of India plans to raise tier-II capital in the range of about Rs 5,000 crore before March. “We will be raising funds through the tier-II bonds before March hopefully. It should be in the range of about Rs 5,000 crore. There is no time frame but definitely before March,” said SBI chief, Arundhati Bhattacharya. She was speaking at the annual Bancon summit here.

10) 3 Indian airports upgraded for better managing carbon emissions: Three Indian airports, including Delhi’s, have been recognised for significant progress in managing carbon emissions by a global airports body. Apart from the Indira Gandhi International Airport Delhi, Bengaluru International Airport and Rajiv Gandhi International Airport in Hyderabad have been upgraded to Level 3 of ‘Optimisation’ by the Airports Council International, Asia-Pacific.

11) Carlsen beats Anand in Game 5 of World Chess Championship:  Worst fears for the chess fans backing defending champion Viswanathan Anand came true as the Indian blundered in a drawn endgame to go down against challenger Magnus Carlsen in the fifth game of the World Chess Championship on Friday.

12) Maldivian president Mohamed Waheed steps down ahead of run-off polls: In the face of pressure from the world community, Mohamed Waheed has stepped down as President of the Maldives on the eve of the second round of the country's controversy-ridden presidential polls. 

13) Obama nominated 36-year-old Indian-American physician to be US surgeon general: US President Obama on Thursday nominated Indian-American physician Vivek Murthy, who is only 36, to be surgeon general of the United States.

14) Siddhartha Birla to be next FICCI President: Siddhartha Birla, founder and Chairman of Xpro India Ltd, and Chairman Digjam Ltd, will be the next President of the Federation of Indian Chambers of Commerce and Industry. Birla will head the chamber in 2014. Presently Ms. Naina Lal Kidwai is the President of FICCI.

15) India is No. 2 in seeking user info from Google: India ranks second in the list of countries that approached Google with requests, seeking information on users.While the US topped the list with 10,918 requests, India followed with 2,691 during the January-June period this year.

16) Reliance Life to give extra cover to Sachin’s fan Sudhir Kumar: Reliance Life Insurance Company has signed up to support Sudhir Kumar Chaudhary, one of the greatest fans of master blaster Sachin Tendulkar. As part of its corporate social responsibility, Reliance Life will offer financial aid to Sudhir to help him continue his passion of loving the sport.

Read More

Banking/Economy Current Affairs Questions Part-5: IBPS Clerk Exam Special

Banking/Economy Current Affairs Questions Part-5: IBPS Clerk Exam Special

Friends…Part-5 of our Banking/Economy Current Affairs for IBPS Clerk Exam 2013 is here!!!!

1. Which Financial Company has secured approval from the Foreign Investment Promotion Board (FIPB) to set up white-label ATMs in India in Sep 2013?

(A) State Bank of India

(B) Reliance Capital

(C) Muthoot Finance

(D) IFCI

Ans. (C) Muthoot Finance

2. Which Indian Officer was elected as regional director at the 31st meeting of health ministers and 66th session of WHO regional committee for South-East Asia in Sep 2013?

(A) Deepak Sandhu

(B) Rakesh Sood

(C) Poonam Khetarpal Singh

(D) None of These

Ans. (C) Poonam Khetarpal Singh

3. Yahoo Inc has appointed which veteran technology executive and Silicon Valley investor as its new chairman in August 2013?

(A) Alfred J. Amoroso

(B) Stratton Sclavos

(C) Maynard Webb

(D) Roy J. Bostock

Ans. (C) Maynard Webb

4. India has signed a loan agreement with the World Bank worth of _________ for its Low Income Housing Finance Project in August 2013.

(A) USD 50 million

(B) USD 150 million

(C) USD 100 million

(D) USD 200 million

Ans. (C) USD 100 million

5. Saba Anjum received the Arjuna award – 2013, presented in August 2013. She is associated with which sport?

(A) Hockey

(B) Wrestling

(C) Shooting

(D) Football

Ans. (A) Hockey

6. Religare Health Insurance has signed a deal with which Indian PSU bank in Sep 2013 to market its product and service bouquet through the distribution network of the bank?

(A) Union Bank of India

(B) IDBI Bank

(C) Central Bank of India

(D) Allahabad Bank

Ans. (A) Union Bank of India

7. Who has been appointed as the Chairman and Managing Director of Power Finance Corporation Ltd (PFC) by the Government of Indian in Sep 2013?

(A) Satnam Singh

(B) BN Talukdar

(C) M.K. Goel

(D) Nishi Vasudeva

Ans. (C) M.K. Goel

8. The government approved the proposal of _________ capital infusion in Export-Import Bank of India in Sep 2013 to support future growth of the lender.

(A) Rs 1000 crore

(B) Rs 700 crore

(C) Rs 500 crore

(D) Rs 800 crore

Ans. (B) Rs 700 crore

9. Prime Minister’s key economic advisor C Rangarajan has lowered the growth forecast for the current fiscal to ________ in Sep 2013.

(A) 5.9%

(B) 5.3%

(C) 6.2%

(D) 6.5%

Ans. (B) 5.3%

           

10. Which state/UT has the highest par capital annual income in India with per capita annual income of Rs. 2.01 lakh in 2012-13?

(A) Chandigarh

(B) Delhi

(C) Gujarat

(D) Maharashtra

Ans. (B) Delhi

Friends…if you have any Banking Questions/Articles to share with us..you can send us to currentaffairs4examz@gmail.com we will publish it with your name!!!

View other parts of this Question Series: Click Here

Join our fb page for regular updates

Read More

IBPS RRB CWE II Scores Published

IBPS RRB CWE II Scores Published

Friends....Institute of Banking Personnel Selection (IBPS) has published the scores of the second Common Written Examination conducted for Regional Rural Banks (IBPS RRB CWE II). The following details are needed for viewing your scores Registration No or Roll No and Password and Date Of Birth. The results were earlier published on 05 November 2011. IBPS has conducted the examination for the posts on 28 September2013, 29 September 2013, 05 October 2013 and 06 October 2013. 
Share your marks in comment below :)

Scores of IBPS RRB Officers Scale I: Click Here

Scores of IBPS RRB Clerks / Office Assistants: Click Here

Scores of IBPS RRB Officers Scale II (Specialist Officers): Click Here

Scores of IBPS RRB Officers Scale II (GBO): Click Here

Scores of IBPS RRB Officers Scale III: Click Here

IBPS Clerk Exam Coaching: Click Here

Read More

Daily Current Affairs: 14 November 2013

Daily Current Affairs: 14 November 2013

1) Nation remembered Jawaharlal Nehru on his 124th birth anniversary:  Country fondly remembered its first Prime Minister Jawaharlal Nehru on his 124th birth anniversary with President Pranab Mukherjee and Vice President Hamid Ansari leading the country in paying homage to him. Nehru was born to Motilal Nehru and Swaroop Rani on November 14, 1889, in Allahabad in Uttar Pradesh and his birthday is celebrated as Children's Day in India as he was fond of children.

2) World Diabetes Day observed: World Diabetes Day was observed on 14 November 2013 across the world to raise awareness of diabetes. The theme for period 2009-13 is Education and Prevention. World Diabetes Day is an annual campaign, led by the International Diabetes Federation (IDF) and its member associations. The date was chosen because it marks the birthday of Frederick Banting, who, along with Charles Best, is credited with the discovery of insulin in 1921.

3) Government released postage stamps on Sachin Tendulkar: Union Law Minister Kapil Sibal released commemorative postage stamps to pay tribute to Sachin Tendulkar on 14 November 2013 (Thursday) at Wankhade Stadium, Mumbai before the start of 2nd Cricket Test match between India and West Indies. The 40-year old batting great is only the second person after Mother Teresa to have a stamp released after him, when he is alive.

4) British Prime Minister David Cameron is on official visit to India: Prime Minister Manmohan Singh and British Prime Minister expressed satisfaction that despite the continuing global economic slowdown and the Eurozone difficulties, India-UK trade ties have been resilient. Prime Minister Cameroon arrived in the national capital late Wednesday night and is scheduled to depart from Kolkata late on Thursday night for Colombo to attend the Commonwealth Heads of Governments meet.

5) Prince Charles celebrated 65th birthday in Kerala lake resort: Prince Charles today celebrated his 65th birth day at the famed backwaters resort Kumarakom in the south Indian state Kerala. For Charles, on a visit to India with wife Camilla, the celebrations were on a modest scale at the sylvan settings of the Lake Resort.

6) Chennai lighthouse reopened to public after 22 years: It was a perfect gift for children on Children’s day. The lighthouse on the Marina beach in Chennai was thrown open to public after a gap of 22 years. It was closed following the assassination of former Prime Minister Rajiv Gandhi in 1991. The 45.72 m tall Madras lighthouse was inaugurated in 1977 by the then Union Shipping Minister G.S. Dhillon.

7) Sri Lankan President satisfied over Khurshid’s presence at CHOGM: Sri Lankan President Mahinda Rajapaksa has expressed satisfaction over External Affairs Minister Salman Khurshid attending the CHOGM summit.

8) Volkswagen recalls 2.6 million cars worldwide: Volkswagen on Thursday announced one of the largest recalls in its history, calling 2.6 million cars into its workshops because of problems with lights, transmissions and leaks in their fuel lines.

9) 7 killed, 40 hurt in Volvo bus fire: Even as Volvo Buses continues with its probe into the fire that gutted one of its buses killing 45 people near Mehaboobnagar on October 30, an eerily similar accident near Haveri, Karnataka has killed seven persons and injured 40 early Friday morning.

10) International children’s film festival under way: eighteenth edition of Golden Elephant, the international children’s film festival of India, began in Hyderabad on Thursday, with Bollywood hero Ranbir Kapoor and Tare Zameen Par fame Darsheel Safary participating in a glittering inaugural function at the Telugu Lalitha Kala Thoranam.

11) Sachin's 200th Test: Tendulkar shines in farewell Test, India in driver’s seat- Iconic batsman Sachin Tendulkar kept his emotions in check and showed his genius for one last time in front of adoring fans with an unbeaten 38 as India seized early control of his 200th and final cricket Test against the West Indies after a disciplined bowling display.

12) Pune girl wins ‘Doodle 4 Google India’ contest: Search giant Google has featured the doodle painted by a class 10 student from Pune, Gayatri Ketharaman, in its home page as a tribute on Children's Day that seeks to represent women's empowerment. The painting, titled 'Sky's The Limit For Indian Women', is the winner of Google's "Doodle 4 Google India 2013 – Celebrating Indian Women" contest.

13) Aviva India unveils pension plan `Aviva Next Innings’: Private life insurer Aviva India has launched a pension plan Aviva Next Innings. In addition to the life cover, the plan offers a guaranteed corpus of 210 per cent of the total premiums paid, upon retirement.

14) PM to inaugurate Mahila Bank on Indira Gandhi’s birthday: Prime Minister Manmohan Singh and UPA Chairperson Sonia Gandhi will inaugurate country’s first all-women Bharatiya Mahila Bank in Mumbai on November 19, the birth anniversary of former Prime Minister Indira Gandhi. Headquartered in Delhi, the bank proposes to have 25 branches by March 31, 2014.

15) INS Vikramaditya set to join Indian Navy on Nov 16: Defence Minister, A.K. Antony, will induct the long-delayed aircraft carrier INS Vikramaditya, designed to boost India’s maritime capabilities, at a shipyard in Russia on Saturday.

16) Malayalam film actor-producer Augustine died in Kozhikode at 56: Malayalam film actor- producer Augustine died at a private hospital in Kozhikode this morning.  He was 56. Augustine, who acted in over 100 films, portrayed several characters that remain etched in the memory of film buffs. His major films include Devasuram, Sadayam, Aaram Thampuran, Nandanam, Indian Rupee, Shutter among others.

Read More

Bharatiya Mahila Bank to be inaugurated by PM on Indira Gandhi’s birthday

Bharatiya Mahila Bank to be inaugurated by PM on Indira Gandhi’s birthday

>> Prime Minister Manmohan Singh and UPA Chairperson Sonia Gandhi will inaugurate country’s first all-women Bharatiya Mahila Bank in Mumbai on November 19, the birth anniversary of former Prime Minister Indira Gandhi.

>> With the inauguration of the bank, seven branches would become operational across the country, including Kolkata, Chennai, Ahemdabad and Guwahati.

>> Finance Minister P Chidambaram will attend the inauguration of Mahila Bank by the Prime Minister, sources said, adding that the UPA chairperson will grace the occasion.

>> Headquartered in Delhi, the bank proposes to have 25 branches by March 31, 2014.

>> It will be inaugurated in Mumbai as the model code of conduct is in force in Delhi which is going to polls in December.

>> In Budget 2013-14, the Finance Minister had announced setting up of all-women bank with an initial capital of Rs 1,000 crore.

>> “Women are heads of many banks today, including two public sector banks, but there is no bank that exclusively serves to women. Can we have a bank that lends mostly to women and women-run businesses, that supports women SHGs and women’s livelihood, that employs predominantly women, and that addresses gender-related aspects of empowerment and financial inclusion? I think we can,” Chidambaram had said.

>> The Reserve Bank of India gave its in-principal approval for the Bharatiya Mahila Bank to be headquartered in Delhi in June and the banking company is being set up.

>> Earlier this week, the government appointed Usha Ananthasubramanian as the Chairperson and Managing Director of the bank. Before joining Bharatiya Mahila Bank, she was an executive director with Punjab National Bank.

Read More