Current Affairs For Bank, IBPS Exams - 02 August, 2014
Current Affairs For Bank, IBPS Exams
02 August, 2014
Financial Inclusion Mission to be big I-Day announcement
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On Independence Day, Prime Minister Narendra Modi will launch the Financial Inclusion Mission to ensure that every household in India has access to banking services such as savings accounts, credit, remittances, insurance and pension.
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At present, more than 40 per cent of Indian households do not have access to banking services. The programme’s objective is to ensure that a minimum two members of each of these 7.5-crore households at least have savings bank accounts.
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The multi-level outreach will be undertaken through ATMs, banking correspondents, branches and other banking platforms.
Govt seeks ways to increase use of broadband capacity
- Concerned over under-utilisation of broadband capacity, the government sought suggestions from the industry to enhance its usage that is at around 50 per cent level.
- The government and other stakeholders have to find the reason for under-utilisation of broadband by the private sector “whether it is cost, speeds of connectivity or is it devices that are very costly”.
- The government is working to connect all the 2.5 lakh panchayats with high speed broadband network but stakeholders need to ensure that the new infrastructure being laid is utilised by people in the rural areas.
- The government has plans to set-up National E-governance Academy, knowledge portal on e-governance and enhance usage of social media platform.
K V Chowdary appointed as new CBDT Chairman
- K V Chowdary has been appointed as the new Chairman of the Central Board of Direct Taxes (CBDT), the top policy making body of the Income Tax department.
- The officer was till now working as the Member (Investigations) of the direct taxes revenue collection board. He has earlier served as the Director General of I-T (Investigations) in the national capital where he headed a number of high-profile tax probes, including the 2G spectrum allocation case and the HSBC Geneva taxpayers list along with a number of cases dealing with black money and tax evasion.
- CBDT has six members apart from the Chairman and is the apex body for framing policy and administrative issues related to direct taxes and the Income Tax department.
