Current Affairs For Bank, IBPS Exams - 19 June, 2014

Current Affairs For Bank, IBPS Exams

Initiating a wide range of measures, Securities and Exchange Board of India (SEBI) asked all listed public sector undertakings (PSUs) to ensure at least 25 per cent public shareholding within three years and unveiled new norms for research analysts, employee stock option schemes as well as reforms to boost the primary market.
Besides, the capital market watchdog has decided to share know your client (KYC) information with entities regulated by other financial sector watchdogs, a move aimed at having common norms across the financial market.
Approving a slew of reform measures, the SEBI board said that all listed PSUs should achieve a minimum public shareholding of 25 per cent within three years.
The decision, aimed at ensuring uniformity among listed entities irrespective of their promoters, would also help the government raise close to Rs.60,000 crore from the sale of shares in around 36 listed PSUs where the public shareholding is less than 25 per cent.

The Forward Markets Commission (FMC) has curbed futures trading in potato contracts for July, August and September to check prices by disallowing fresh positions and hiking the deposit amount on buyers.
The FMC has taken this decision in the backdrop of rising prices of potato and other essential commodities, which could be aggravated by the likelihood of a sub-normal monsoon.

Chhattisgarh Governor Shekhar Dutt sent his resignation to President Pranab Mukharjee on Wednesday night. “Shri Shekhar Dutt has put in his paper to the president of India,” said Mr. Aman Singh, Secretary, Public Relations, Chhattisgarh in a statement issued to the media.
Mr. Dutt’s resignation comes amid reports of pressure on UPA-appointed Governors to resign. However, the exact reason of his resignation could not be confirmed. On Tuesday, Uttar Pradesh Governor B.L. Joshi submitted his resignation to President Pranab Mukherjee.

Indians’ money in Swiss banks has risen to over two billion Swiss franc (nearly Rs.14,000 crore), despite a global clampdown against the famed secrecy wall of the Switzerland banking system.
The funds held by Indians with banks in Switzerland rose by over 40 per cent during 2013, from about 1.42 billion Swiss franc at the end of the previous year, as per the latest data released on Thursday by the country’s central banking authority, Swiss National Bank (SNB).
In contrast, the money held in Swiss banks by their foreign clients from across the world continued to decline and stood at a record low of 1.32 trillion Swiss franc (about $1.56 trillion or over Rs.90 lakh crore) at the end of 2013.

Jitu Rai clinched the gold in men’s air pistol in the shooting World Cup in Maribor, Slovenia, on Thursday.
It was the third World Cup medal in nine days for the shooter, who had missed the gold by 0.1 point in free pistol on Monday and won his maiden international medal, a silver in air pistol in the Munich World Cup last week.
The 26-year-old Army man defeated Pablo Carrera of Spain by 2.1 points after taking a one-point lead before the final shot. It was sweet revenge for Jitu, as he had lost to the Spaniard by 1.9 points last week.
By winning his third World Cup medal, Jitu joined Heena Sidhu as the only other Indian pistol shooter to achieve this distinction. Heena won two silver medals in the World Cup and a gold with a world record in the World Cup Final.