Current Affairs For Bank, IBPS Exams - 21 March, 2014

Current Affairs For Bank, IBPS Exams

The board of the Securities and Exchange Board of India (Sebi) decided to revise the fee it charges from various intermediaries in a bid to fund its programme in investor awareness, education and protection in FY15.
Laying down the agenda for FY15, the board of Sebi decided to stress on investor awareness and education and enhance the regulator’s reach to potential investors.
While Sebi will revise the fee charged for various services in a bid to fund its planned objectives, it has clarified that they will have minimal impact on the investors. The changes in fee structures will be notified by the regulator through circulars going forward.
It is expected that Sebi will revise the registration fee and other fee for stock exchanges, mutual funds, brokers and other intermediaries.

Mukesh Ambani’s Reliance Retail is expected to emerge as the largest player in India’s organised retail sector this year, overtaking erstwhile market leader Future Retail.
It posted a turnover of Rs. 10,857 crore for the nine months ended December 31, 2013. Future group chairman Kishore Biyani had said in January that his group would clock revenues of about Rs. 11,000 crore for the full year. Reliance has already reached that figure in the first nine months of the year and so, is likely to be comfortably ahead by March 31, 2014.
Parent company Reliance Industries, which is sitting on a cash pile of Rs. 90,000 crore, has lined up massive expansion plans for the retail business. The target: a turnover of Rs. 50,000 crore from this segment by 2016-17.
The company expects the bulk of this growth to come from the value and digital segments, where it can leverage its deep pockets, world class backend and well-oiled logistics chain to provide competitive prices.

India`s Parupalli Kashyap arrested his slide in the latest Badminton World Federation rankings, by rising a place to No.24 in men`s singles.
Kashyap, who reached a career high of World No.6 last year, had been out of form for quite some time until his semifinal performance last week at the Swiss Open which helped him gain vital points.
Meanwhile, first round exits at both All England Open and Swiss Open have led Kidambi Srikanth to drop two places to 22nd.
Saina Nehwal and P.V. Sindhu, however, have retained 8th and 9th positions in the women’s singles rankings.
No Indian figures in the top-25 of men`s, women`s and mixed doubles rankings.

The common sparrow has not remained so common these days, with the bird attaining the fourth rank in the list of rare birds. This is what prompted NGO WARD (Wild life Conservation and Agro-Rural Development) Foundation to declare the current year as the 'year of the sparrow'.
On World Sparrow Day on 20th of March , the NGO pledged to take efforts to conserve and protect sparrows along with increasing awareness about it.