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BANK EXAM CAPSULE September 2013 VOL:-2

51. Tony Abbott will be sworn in as the 28th prime minister of Australia after clinching an historic victory and ending six years of Labor rule.

52. The Reserve Bank of India will issue inflation-indexed savings certificates which will be linked to Consumer Price Index (CPI) by November 2013 as a means to protect households against inflation.

53. Reserve Bank of India allowed the Non-Resident Investors including NRIs to purchase shares of Indian entities Under FDI Scheme.

54. Tata Communications Payment Solutions (TCPS) is the first company to launched first white label ATM (WLA) at Chandrapada near Mumbai. It has been branded 'Indicash' by the company.

55. The International Olympic Committee has asked the Indian Olympic Association to drop charge-sheeted members by October 31 to enable its return to the Olympic family. The international body wants IOA to hold fresh elections by December 15.

56. India and Japan have decided to more than triple their bilateral currency swap arrangement from USD 15 to USD 50 billion.

57. India has slipped to 60th position in terms of its competitiveness globally, while Switzerland has retained its top rank according to Global Competitiveness Report 2013-2014.

58. Zubin Mehta was conferred the prestigious Tagore Award for Cultural Harmony by President Pranab Mukherjee in New Delhi. He is the second recipient after Sitar maestro late Pandit Ravi Shankar.

59. Indian writer Sushmita Banerjee was shot dead in Afghanistan by militants.

60. Angelina Jolie is to receive an Honorary Oscar in recognition of her humanitarian work, the Academy of Motion Picture Arts and Science. Jolie was appointed as a special envoy to the United Nations’ High Commissioner for Refugees in 2012.

61. G-20 held at St. Peters burg in Russia. Indian Prime Minister Manmohan singh attended it.

62. Ronald Coase, the British-born US economist who was awarded the Nobel prize in 1991, died in Chicago.

63. India and Japan agreed to "intensify" their negotiations on the civil nuclear pact towards an early conclusion at a high-level official meeting in Tokyo.

64. Tommy Morrison, the former heavy weight champion, who was diagnosed positive for HIV died.

65. Microsoft said it will acquire Nokia's handset business for 5.44 billion euros (USD 7.17 billion) in cash, in an effort to strengthen its position in the smartphone market.

66. The 3rd India-Republic of Korea (ROK) Foreign Policy and Security Dialogue (FPSD) was held in Seoul on 2 September 2013. It was agreed that the 4th India-ROK Foreign Policy and Security Dialogue will be held at New Delhi in 2014.

67. Diana Nyad American long-distance swimmer became the first person to cross Florida Straits from Cuba without any shark cage.

68. Pakistan and China are conducting a joint exercise of their Air forces. The joint drill is being conducted in Xinjiang Uygur Autonomous Region. The exercise has been code-named Shaheen-2.

69. Rajya Sabha member and Congress leader, Rasheed Masood, was sentenced to four years in jail by a Delhi court in a corruption case, becoming the first MP to lose his seat after a recent Supreme Court judgement had removed the immunity for convicted lawmakers.

70. Rashtriya Janata Dal chief Lalu Prasad was held guilty in a fodder scam case by a Special CBI court and renders him ineligible for contesting elections for at least six years.

71. Economic Offence Wing of Mumbai filed an FIR against Jignesh Shah-led Financial Technologies for irregularities in National Spot Exchange (NSEL).

72. Leaders of the BRICS announced to set up a 100 billion US dollar fund to steady currency markets. Brazil, India and Russia committed 18 billion dollars each while China announced 41 billion US dollars. South Africa announced 5 billion US dollars.

73. Narayanaswamy Srinivasan was re-elected as the President of the Board of Control for Cricket in India
(BCCI) for a third term at its annual general meeting held at Chennai.

74. India and the USA clinched the first commercial agreement on civilian nuclear power cooperation.

75. Asian Development Bank will lend $500 million to set up a transmission network that will carry power from clean energy projects in Rajasthan. Rajasthan Renewable Energy Corporation is developing the Bhadla solar park.

76. Japan will promote "womenomics" -- a theory which asserts that the advancement of women in society is directly correlated with its growth rate -- and give over $3 billion of official development assistance (ODA) in the next three years.

77. India's financial capital Mumbai has been named the world's second-most honest city out of 16 cities worldwide. Finland capital Helsinki bagged the top spot, while Lisbon, the capital of Portugal, proved to be the least honest. This is survey by Reader's Digest magazine.

78. The Reserve Bank of India has set up a committee headed by Nachiket Mor on comprehensive financial services for small businesses and low-income households.

79. The Bombay Bullion Association would host the first-ever India International Bullion Summit, IIBS in Mumbai on October 5th.

80. Vijay Keshav Gokhale has been appointed as India's next Ambassador to Germany.

81. Hun Sen who has been in power for 28 years, was sworn as Cambodian prime minister for another five-year term.

82. Joint military exercises in general combat and mountain warfare between India and Nepal began in Pithoragarh in Uttrakhand.

83. All new credit card swipe machines and automated teller machines (ATMs) will be required to have a mechanism for Aadhaar authentication using biometrics.

84. 7th India Russia meeting on trade and investment was held at St. Petersburg , Russia.

85. Union Ministry of Minority Affairs, Government of India on 23 September 2013 launched scheme seekho-aur-kamao for Skill Development of Minorities.

86. Tata Sons have signed an agreement with Singapore Airlines to set up a new airline in India. Tata Sons will control the majority 51 percent stake, while Singapore Airlines will own 49 percent.

87. Pakistan prime minister Nawaz Sharif and Indian prime minister Manmohan Singh met on the sidelines of the UN General Assembly.

88. Even as the Ministry of Information and Broadcasting has made repeated public appeals to the TRAI to reconsider limiting ad time to 12 minutes per hour on television, the regulator is firm on enforcing the rule from 1 October.

89. RBI has decided to open a forex swap window to meet the entire daily dollar requirements of three public sector oil marketing companies — IOC, HPCL and BPCL.

90. Following the success of the direct benefit transfer (DBT) scheme in 20 districts, the government has decided to go for a massive rollout in 269 more districts from September 1, in a phased manner to cover LPG consumers for cash subsidy payment.

91. GDP growth decelerated further to 4.4 per cent in the first quarter (April-June) quarter of the current fiscal.

92. MCX Chairman Venkat Chary quit following the implementation of new guidelines. R.M. Premkumar appointed as interim Chairman of MCX.

93. The Environment and Forests Ministry has slapped a Rs. 200 crore penalty on Gautam Adani’s Mundra multi-purpose projects for violating green laws.

94. The government is considering giving the Union Territory status to Hyderabad — the proposed joint capital of Andhra Pradesh and Telangana for 10 years. The high-level committee, headed by Defence Minister A.K. Antony was still deliberating on the contentious issue.

95. INS Vikramaditya, previously known as Gorshkov in Russian Navy, will be handed over to the Indian Navy on November 15 at a formal ceremony in the Russian.

96. Venezuela’s main power distribution network failed on 3rd September, depriving 70 per cent of the country of electricity and creating traffic chaos in much of Caracas.

97. The 7th International Earth Science Olympiad (IESO) commenced on the Infosys campus in Mysore on September 11.

98. Kenyan lawmakers backed a motion to pull out of the International Criminal Court.

99. Moody’s Investors Service downgraded subordinated debt ratings of 11 Indian banks, including SBI, ICICI Bank and HDFC Bank.

100. Final G-20 declaration took care of key concern that the central banks of the developed world have agreed to calibrate and communicate their
monetary policies to the developing economies to minimise volatility in capital flows and currencies.

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