Current Affairs For Bank, IBPS Exams - 25 July, 2014

Current Affairs For Bank, IBPS Exams

Cabinet Committee on Economic Affairs (CCEA) approvED the raising of Foreign Direct Investment (FDI) cap in insurance from 26 per cent to 49 per cent through the Foreign Investment Promotion Board route.
The government will bring a Bill before Parliament in the current session in this regard. The Bill for the same proposal that was moved by the UPA government, lapsed after the last Lok Sabha's dissolution.
The insurance industry has been demanding a hike in the FDI limit for long. As the insurance business grows, so do capitalisation needs. But insurance firms are restricted by the existing FDI cap from tapping overseas investors for capital while Indian investors don’t always have deep pockets.

The Central Bank of Sri Lanka (CBSL) and the Reserve Bank of India (RBI signed an agreement, enabling the RBI to access the Sri Lankan government securities market, up to a maximum value of $500 million.
The CBSL, in turn, will be able to further diversify its reserves management activities into Indian rupee denominated assets.

Sanjita Khumukcham Chanu and teammate Mirabai Saikhom Chanu, both from Manipur, did India proud by winning for the country its first two medals at the 20th Commonwealth Games.
The Indians were far superior to the rest of 10-lifter field in the women’s 48kg category at the Clyde auditorium and were left to fight between themselves for the gold and silver medals.

Livpure Foundation, the CSR arm of SAR group, announced an initiative to spread awareness on safe drinking water as water borne diseases are one on the biggest causes of mortality in India.
As part of the initiative, the foundation would focus on urban slums and various states including West Bengal, Bihar and Uttar Pradesh.
Cricket legend Sachin Tendulkar said“There are so many children under 5 who are affected by water borne diseases…not just affected many lives are lost. It is a movement to help eradicate the mortality rate among children due to waterborne diseases,”