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Banking Digest 18 July 2018

 

National

-          BBC World Service launches its first Gujarati language television news bulletin with broadcaster’s partner station - GSTV

-          Under life extension program BrahMos is the first Indian missile whose life has been extended from 10 to –  15 Years

-          Regiments of  BrahMos has been inducted in its arsenal by Indian Army – 3

-          The land-attack version of BrahMos has been in operation in the Indian Army since -  2007

International

-          Number of Low-orbit satellites have been launched by China to  provide worldwide communication services in July 2018 – 300

-          Country has recently  declared a 60-day state of emergency on its border - Colombia

-          8th India-Oman Joint Commission Meeting Begins in July 2018 at – Muscat,Oman

Sports

-          Country has won in the inaugural edition of the Athletics World Cup - Unites States of India

-          Named as Indian women's national  cricket team team interim coach - Ramesh Powar

-          Person in news

-          President Ram Nath Kovind has nominated former MP Ram Shakal, RSS ideologue Rakesh Sinha, classical dancer Sonal Mansingh and stone artist Raghunath Mohapatra

Economy

-          According to the Bloomberg Billionaire Index, the richest man is - Amazon founder, Jeff Bezos

-          The World Economic Outlook (WEO) is a survey conducted and published by the -  International

-          Company will acquire up to 51% stake in IDBI Bank - Life Insurance Corporation (LIC)

-          The Insurance Regulatory and Development Authority of India (IRDAI)  consists of how many members including the chairman – 10

-          The International Monetary Fund(IMF) predicts India's growth rate in 2018 - 7.3 percent

General Knowledge

-          The rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds – Repo Rate

-          The rate at which the central bank of a country (Reserve Bank of India in case of India) borrows money from commercial banks within the country - Reverse repo rate

-          A certain percentage of the total bank deposits has to be kept in the current account with RBI which means banks do not have access to that much amount for any economic activity or commercial activity – Cash Reserve Ratio(CRR)

-          The amount of money that is invested in certain specified securities predominantly central government and state government securities - SLR, statutory liquidity ratio

 

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