The Reserve Bank of India has kept the key rates unchanged during its monetary policy review announcement today due to lower inflation numbers. The repo rate has been kept unchanged at 8% and reverse repo rate at 7%. The move was as per the expectations of most bankers and economists. The RBI has kept cash […]

1. The Election Commission has given its approval to the Reserve Bank of India (RBI) for “in-principle” grant of licences for setting up new banks. Earlier RBI wanted to issue new bank licenses in March but it was not possible as the Model Code of Conduct (MCC) came into force on 5th March when Election […]

1. France's president Francois Hollande has named Socialist leader Manuel Valls as the new prime minister of the country. This move came after his party suffered big setback in the municipal elections held in March. Manuel Valls, who is France's most popular Socialist leader, is considered to be part of the right-wing side of the […]

GK Quiz – 1 April 2014 6251 Who won the National Billiard Championships held in Lucknow in Feb 2014?   A) Sourav Kothari   B) Alok Kumar   C) B. Bhaskar   D) Dhruv Sitwala     6252 Union Finance Minister P. Chidambaram inaugurated India's first post office savings bank ATM in ___________ in February […]