Current Affairs For Bank, IBPS Exams - 17 June, 2014

Current Affairs For Bank, IBPS Exams

With inflation touching a five-month high, the Reserve Bank of India said its efforts would be focused on containing any spurt in prices and keeping a close eye on developments in Iraq, which have already jacked up oil prices.
Governor Raghuram Rajan also said India had enough foreign exchange reserves and was better prepared to deal with any fallout on the external front.“(As in) last few months and, I expect, the next few quarters, (RBI) will be primarily engaged in combating inflation,” he told reporters on the sidelines of an SBI event here.
He said: “We are watching the inflation situation. Food prices have had an effect in the last couple of months.”The Governor hoped food prices would come down with appropriate food management by the government.

Twenty Indian educational institutions have made it to the latest QS University Rankings for the BRICS (Brazil, Russia, India, China and South Africa) countries. Of these, five are the Indian Institutes of Technology at Delhi, Mumbai, Chennai, Kanpur and Kharagpur.
A copy of the ‘QS University Rankings: BRICS 2014’ was presented to Prime Minister Narendra Modi by Union Human Resource Development Minister Smriti Irani. The survey also flagged the fact that IIT Kharagpur has a higher proportion of PhDs among its staff than any university in BRICS.
Other educational institutions from India in the list include the University of Mumbai, University of Madras, Banaras Hindu University, Manipal University, Birla Institute of Technology and Science, University of Pune, Indian Institute of Information Technology, Calcutta University, Delhi University, Allahabad, Amity University, Anna University and Panjab University.

The Securities and Exchange Board of India, proposed new norms for ‘crowdfunding’ or collection of funds through web-based platforms and social networking sites — a move that would help start-up companies raise capital and also check misuse of such avenues.
Under the proposed norms, crowdfunding platforms can be provided by only SEBI-registered entities, while companies can raise up to Rs.10 crore in a year through this route.
Given the high-level of risks associated with this new way of fund-raising activity, SEBI has also proposed that only ‘accredited investors’ be allowed to participate in crowdfunding activities.

ICICI Bank, launched its mobile banking application ‘iMobile’ for Windows phones. The new app is available for download on the Windows Phone Store for mobile phones on the Windows 8 operating system.
“With this new app, mobile banking application is now available on all major platforms including iOS, Android and Blackberry.

Five-time world champion Viswanathan Anand got off to a sedate start with two draws and ended up joint ninth after the end of the fifth round of World Rapid Chess Championship .
A couple of draws at the beginning against Ivan Salgado Lopez of Spain and Maxim Matlakov of Russia in the first two rounds for Anand were followed by a couple of victories coming at the expense of his new full time ‘second’ Sandipan Chanda and Russian Vladimir Fedoseev.
But a draw in the fifth round with Viktor Laznicka of Czech Republic saw the Indian ace slump a little in the strongest ever rapid chess tournament of the world.