Current Affairs For Bank, IBPS Exams - 13 December, 2013

Current Affairs For Bank, IBPS Exams

The U.S. health regulator has approved the generic versions of Eli Lilly & Company’s Cymbalta, a drug to treat depression, paving the way for various Indian pharmaceutical companies to launch their products in the U.S. market.
“The U.S. Food and Drug Administration today approved the first generic versions of Cymbalta (duloxetine delayed-release capsules), a prescription medicine used to treat depression and other conditions,” the USFDA said in a statement.

Domestic LPG users in Tiruchirapalli, Pudukottai and Nagapattinam districts should get their Aadhaar numbers linked with their bank accounts and distributors before January 31 to get subsidy under the Direct Benefit Transfer (DBT) scheme
The DBT scheme was launched in the three districts from November 1. LPG users are given three months time to carry out the ‘seeding process’ from the date of the launch of the scheme.
Under the scheme, LPG users will have to buy the refills at market price and the difference between subsidised price and market price will be transferred to their bank accounts.
Consumers are required to submit the bank account-Aadhaar linkage application form at their bank branches and also register the Aadhaar numbers with their LPG distributors to complete the seeding process and become ‘cash transfer compliant.’

Reserve Bank of India Governor Raghuram Rajan said the IIP and the CPI numbers were surprising, and the central bank would have to look at the details and then frame its policies.
Pointing out that he would not like to give quick reactions without going into “the details of what went into it,’’ the central bank chief said, “We will wait for the WPI numbers, which are expected next week, but certainly the CPI is higher than the market expectation.”
He, however, emphasised that no single piece of data would determine RBI’s policies, adding that while the IIP surprised on the downside, CPI surprised on the upside.
“Clearly, growth is weaker than we would like, and inflation is higher than what we would like. In a situation like this, we have to calibrate our policies and make trade-offs based on all available data,” he said.