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Legend Magazine (March - 2018) Current Affairs and Quiz, Computer Aptitude, English, Banking Awareness, Simplification Exclusively prepared for RACE students Issue : 10 | Page : 48 | Topic : Legend of March | Price : Not for Sale FINANCIALAWARENESS
Clears Setting Up
RBI Lifts Per-Borrower Loan Capitalization For MSMEs:
In view of the increasing importance of
establishment of National Financial Reporting
the services sector and to encourage banks to
lend more to this sector, the Reserve Bank of
Celebrus Capital Ltd have announced a new
NFRA will act as an independent regulator for the
India has decided to do away with the per
partnership to offer CSB’s customers online
auditing profession which was one of the key
borrower loan limits to Micro/Small and Medium
trading and Demat services.
changes brought in by the Companies Act 2013.
Enterprises (Services) for classification under
of NFRA To
priority sector lending.
This partnership will enable all CSB clients to open
SBI hikes interest rates making home, auto loans costlier: India’s largest lender SBI on Thursday
allowing them to take wise investment decisions.
So far, loans to Micro/Small and Medium Enterprises (Services) up to Rs5 crore and
Celebrus Ltd HQ: Ernakulam, kerala
increased marginal cost-based lending rates
MD CEO of CSB bank: C V R Rajendran.
(MCLR) across most maturities, making home,
Rs10 crore, respectively, were classified as priority sector lending (PSL).
education, and auto loans more expensive.
RBI To Conduct Additional Repo Operations
RBI Increases Currency Derivative Trade
The bank raised the MCLR rate to 8.15% from
To Provide Liquidity Support To Banks:
Limit to USD 100 Million:
7.95%, effective immediately.
According to the Reserve Bank of India it will conduct additional variable rate repo
The Reserve Bank of India raised the exposure
Separate limit of Interest Rate Futures
operations for longer tenors up to 31 days every
Tuesday in the month of March 2018 for Rs
25,000 crore each to provide additional liquidity The Reserve Bank of India has eased
(FPIs) to USD 100 million across all currency pairs
support to banks.
position limit in interest rate futures (IRFs) for
involving the Indian rupee.
foreign portfolio investors (FPIs). The banking
RBI slaps Rs 3 Cr penalty on Axis Bank, 2 Cr
9.9% Growth In Last year Foreign Exchange
regulator has allowed a limit of Rs. 5,000 crore
for FPIs to go long in IRFs.
Ministry of Tourism estimates monthly Foreign Exchange Earnings (FEEs) through
The Reserve Bank said it has imposed a
RBI’S review on Currency Distribution &
penalty of Rs 3 crore on Axis Bank for violation
Exchange Scheme (CDES):
of NPA classification norms, and Rs 2 crore on
Tourism in India, both in Rupee and Dollar terms
The RBI has been providing several
based on the credit data of Travel Head from
incentives to banks, from time to time for
Balance of Payments of Reserve Bank of India
installation of various machines by them to
The growth rate in FEEs in rupee terms in January
2018 over January 2017 was 9.9%, compared to
the growth of 18.0% in January 2017 over
Therefore, on a review, it has been decided to
World Trade Organization (WTO) has decided
withdraw the incentives which was being given to
to set up panel to examine whether India has
the banks for installation of Cash Recyclers and
complied with its 2016 ruling in case against US
IndusInd Bank And Ripple Tie-Up For Cross-
ATMs dispensing only lower denomination notes
as contained in the Master Direction DCM
(DCR) rules for solar cells and modules.
PNB And ICICI Bank Increases MCLR Rates
HQ- Geneva, switzerland
the KYC regulations. WTO to set up compliance panel in solar dispute case between India, US: The dispute settlement body (DSB) of
blockchain solution for Global Payments) to
Indian Overseas Bank for not complying with
Taking a cue from SBI, private sector lender
facilitate payments into and out of India.
ICICI Bank also raised the one-year MCLR from
AIIB approves $1.5 billion in loans to India
8.2% to 8.3%.
for infrastructure projects:
The PNB, which is at the centre of Nirav Modi
Reconstruction and Development (EBRD)
fraudcase also increased one-year MCLR to 8.3%
after shareholders of the international financial
Investment Bank (AIIB) has approved
India is all set to become the 69th of
$1.5 billion loan to India for infrastructurerelated projects in 2018.
“official fruit”. The jackfruit is the largest tree-
borne fruit known for its distinctive taste and
Karnataka to Become 2nd State In Country
globally and increase its online usage.
To Unveil Its Own Flag:
State flag (nada dhwaja) for the state. If
Governor Shri Farooq Khan
EnTTech 2018 Inaugurated:
second State to have a flag after Jammu and
joins hand to incorporate
India’s biggest Media & Entertainment Services Market – EnTTech 2018 was inaugurated in Mumbai. The market, spread over two days
The yellow-white-red flag has the State
Lakshadweep, the Union Territory joined
emblem at the centre. The proposal will be now
hands with the UDAY scheme, which is meant for
delegates and their Indian counterparts.
sent to the Union Home Ministry for approval,
the revival of debt-stressed power distribution
since a State has no powers to announce its own
companies (discoms) in the country.
change traffic signal:
The Karnataka government unveiled the approved by the Centre, Karnataka will be the
saw fast matchmaking between 100 international Mumbai
The Memorandum of Understanding signed
In a first, the Navi Mumbai Municipal
India’s Tallest Tri- Colour flag hoisted in
as an operational turnaround of the Union
Corporation has installed pedestrian push buttons
Territory’s Electricity Department.
at certain junctions, allowing pedestrians to
change the traffic signal.
India’s tallest national flag was on Monday unfurled in Belagavi (also known as Belgaum) in
CM Shivraj SinghChouhan
junction will carry the push buttons. Once the
Governor Anandiben Patel
pedestrians push the buttons, the signal will turn
Belagavi District Minister Ramesh Jarkiholi
Traffic signals on all four sides of the
unfurled the 120*80 sq ft wide flag on a 110-
MP announces Rs.12,000 on childbirth for
red for vehicles and will change to the green
inaugurated in Bengaluru
Maharashtra bans Plastic
Chouhan announced the state government will
Maharastra has decided to ban the use
give 12,000 on the birth of a child in a poor
of plastic from “GudiPadva”, the Maharashtrian
Emmanuel Macron to India, an Indo-French
New Year, which is on 18 march, this year.
Centre of Excellence (CoE) was inaugurated in
Adding that his government wants the poor to live
NSD to host 8th Theatre Olympics in Mumbai
a comfortable life from birth till death, Chouhan
The National School of Drama (NSD) will
training to engineers in electricity, automation
said Rs.5,000 will also be provided for the last
host the “8th Theatre Olympics” at Mumbai in
and energy management.
rites of a poor person.
Coinciding with the visit of French President
Nasscom, Facebook launch ‘Design4India Studio’ in Bengaluru:
The theme for the eighth edition is ‘Flag of Madhya
In a bid to provide mentorship in design, innovation and entrepreneurship for software
for single women aged over 50 years
Floating Lab Set Up To Monitor Manipur’s
companies and startups, the National Association
On the International Women’s Day,
of Software and Services Companies (Nasscom)
Madhya Pradesh CM Shivraj Singh Chouhan
‘MukhyamantriMahilaKosh’ scheme pension
Loktak Lake: The
Sustainable Laboratory (IBSD), Imphal, set up a
“Design4India Studio” in Bengaluru, Karnataka.
scheme aimed at providing pension to unmarried
floating laboratory in northeast India’s largest
Bengaluru to get 10,000 CCTV cameras to
women aged over 50 years.
freshwater lake, Loktak to constantly monitor its
ensure women’s safety: As
water quality and eventually improve it.
CM: navin Patnaik
installed at over 4,500 junctions and main roads
across Bengaluru to ensure safety of women,
Termed ‘Smart Eyes’, the security camera system
The first Mega Food Park in the state of
a new year. ODISHA
Lingayats community gets minority status
Village Degaon, District Satara was inaugurated
by Harsimrat Kaur Badal, Union Minister of Food
CM Naveen Patnaik
minority status to the Lingayats community.
Governor S C Jamir
This comes days after the CM Siddaramaiah-led
operationalized in the country and the 8th
Nagamohan Das committee to grant a separate
operationalized during the tenure of the present
religion status to the Lingayats community.
7601808080 / 9043303030 9043303030
Manipur on 18th March to mark the beginning of
Maharashtra Satara Mega Food Park Pvt. Ltd. at
SajibuNongmaPanbaCheiraoba was celebrated in
will monitor areas on real-time basis. The Karnataka Government declared
Chilika Lake Is The Largest Habitat Of Irrawaddy Dolphins Globally: The Chilika Lake in Odisha has emerged as the single largest habitat of Irrawaddy dolphins in the world with the spotting of 155 such
countries in the official competition of the festival. The film is a take on a slum child’s heroism, aspirations, and dreams. Jackie
International Award In US:
Sri Lanka Cricket (SLC) paid tribute to former
The South Asian Cinema Foundation (SACF),
BCCI president JagmohanDalmiya with a book titled, ‘A Tribute to Jagu’.
received the Frederick Pincott Award for 2017.
The award award was conferred from the Indian
posthumously as the greatest non-Sri Lankan
High Commissioner, Y K Sinha for promoting
contributor to Sri Lankan cricket.
Hindi cinema in Britain for the last 18 years.
Indian Army Releases Book on Paramveer
Chattisgarh won ‘Water Digest Award’
Chakra Awardees ParamveerParwane BY
Actor Jackie Shroff’s short film ‘Shunyata’
Chattisgarh bagged the National ‘Water
has won an award at Best of India Short Film
Digest Award’ for Water Conservation-Diversion
General Bipin Rawat, Chief of the Army
Festival in Los Angeles, US. The 22-minute fiction
and for increasing the irrigation capacity in the
Staff released a book on Paramveer Chakra
film directed by Chintan Sarda was selected to be
Awardees – ‘ParamveerParwane’.
in top six from amongst thousands of entries and
The Award is presented every year by globally
The book illustrates the bravery of Paramveer
was played at a theatre in Los Angeles.
renowned magazine ‘Water Digest’-which focuses
Chakra Awardees from 1947 to 1965. The book is
mainly on water resources.
written by DrPrabhakiran Jain and is published by
best film. The prize includes a cash prize of
Joginder Sanger won Business Personality
An industry based jury then adjudged it the
ARTH Ayurveda Wins India’s Most Admired Brand 2017-18 Awards: ARTH
entrepreneur has won the ‘Business Personality of
the year 2018’ award in the UK. awarded
‘India by the Nile’ festival to begin next
prestigious “India’s Most Admired Brand 2017-
18” Award by White Page International (WPI) and
commitment and enthusiasm in leading his
the UK Asian Business Council at the Sixth Edition
business to success.
week in Egypt: The mega annual cultural festival ‘India by the Nile’, organised to celebrate Indian culture
BOOKS & AUTHORS
and its diversity, will begin in Cairo next week
Dr Jitendra Singh attended the social media
with the main focus on classical culture this year.
NHAI Receives Best Design Pavilion Award
launch of “Namaste Shalom”:
The 12-day event, the biggest foreign festival in
The NHAI pavilion at 105th ‘Indian
The Union Minister of State (Independent Charge)
Egypt, will host a wide range of events and starts
Science Congress- Pride of India Expo’ held at
of the Ministry of Development of North Eastern
on March 6.
Region , Atomic Energy and Space, Dr Jitendra
Shigmotsav 2018 Celebrated In Goa:
adjudged as BEST DESIGN PAVILION.
Singh launched the social media of “Namaste
Shigmotsav or Shigmo is one of the
Google honors Ustaad Bismillah Khan
Shalom”, a magazine devoted to India-Israel
several cultural festivals of the coastal state and
Google celebrated the 102nd birth anniversary of
is celebrated through colours, costumes, music,
Bharat Ratna awardee and Shehnai maestro
The magazine is edited by former MP Shri Tarun
dance and parades in Goa.
Ustad Bismillah Khan on 21st March.
International Yoga Festival Held InRisikesh:
He was awarded with Padma Vibhushan, Padma
SangeetNatakAkademi. The doodle has been illustrated by a Chennai-based illustrator, Vijay Krish, according to the Google. G.K.
Thapar Former Prime Minister Manmohan Singh presented the G.K. Reddy Memorial National Award for journalism to senior journalist and television presenter Karan Thapar. Canadian mathematician wins Abel Prize Canadian
Langlands won the prestigious Abel Prize for developing
representation theory to number theory. KL Rahul is the ‘Cricketer of the Year’ KL Rahul is the ‘Cricketer of the Year’ in the sixth edition of Wisden India
President release the book ‘Fulfilling Bapu’s
Dreams – Prime Minister Modi’s tribute to
Singh Rawat inaugurated the week-long 29th
The President of India, Shri Ram Nath
Festival (IYF) in Rishikesh’s Parmarth Niketan.
Kovind, received the first copy of the book
Itanagar Celebrates Silver Jubilee Of Losar
‘Fulfilling Bapu’s Dreams – Prime Minister
The Buddhist Community of Itanagar
SadhguruJaggi Vasudev, who formally released it
celebrated the silver jubilee of the Losar Festival
D.14-15) In each of the following question, a number is given followed by five options (a),(b), (c), (d), and (e). Each option consists of x, find out the x value and give the answer in which the given number does not equals the value of x. Q.14) 4012 1