Tag: current affairs

CRR tweak by RBI derails bankers

RBI
In a swift move, the Reserve Bank of India (RBI) raised the Cash Reserve Ratio (CRR) to 100% specifically on deposits received by banks between 16th September and 11th November,2016. What prompted the regulator to take this drastic step? The RBI controls the flow of money and cost of...

RBI Assistant Recruitment 2016

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The Reserve Bank of India (RBI) on November 7, 2016 invited applications to recruit eligible applicants for 610 assistant positions across the country. Applications will be accepted till November 28, 2016. IMS – Team BGE are here to detail each and every trait of RBI Assistant recruitment 2016 which...

UBI, Kolkata announces vacancies!

Indian Bank PO
United Bank of India (UBI), one from the 14 major banks that were nationalised on July 19, 1969, has announced the 2016 Online Application on contractual basis. United Bank of India Recruitment (UBI) 2016 (Contractual) Code Position No. Of Posts Salary (Tentative) Qualifications Required S.No-1 Faculty 2 ₹20,000 1st class in either...

RBI launches Sachet to curb defrauds

The Sachet website
The Reserve Bank of India on August 5, 2016 launched a website called “Sachet”. The website will help people obtain information about entities allowed to collect deposits, lodge complaints and also share information regarding illegal acceptance of deposits by unscrupulous entities. The government has taken this step to curb illegal...

Parliament passes GST Bill

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After months of debate and dissension, the Goods and Services Tax (GST) Bill was finally passed on August 8, 2016 by the Indian Parliament. According to Prime Minister Narendra Modi, the GST is “crucial” for ending tax terrorism, besides reducing corruption and black money, and will make the consumer the “king”....