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current affairs in banking sector 2013


current affairs in banking sector 2013 banking sector current affairs

National
Padma Shri recipient S. Sukumari passed away

Veteran South Indian actor and Padma Shri recipient S. Sukumari passed away in Chennai after battling burns suffered following an accident at her residence. She was 74. Born in 1940 in then Travancore, Sukumari began her career at the age of 10 with a cameo in Tamil movie ‘Oru Iravu’ in 1951. She acted in over 2,500 films, including in Malayalam, Tamil, Hindi, Telugu, Oriya and Bengali. Wife of famous film director-producer late Bhimsingh, Sukumari received numerous accolades, including the Tamil Nadu State’s Kalaimani Award in 1991-92, the Kerala State Award on four occasions, Padma Shri in 2003 and the National Award for the best supporting actress in 2011.

Third anti-submarine warfare corvette launched in Kolkata

In a major step towards indigenisation and making the Navy self-reliant, the third anti-submarine warfare (ASW) corvette, designed under the ambitious Project-28 (P-28) by the Navy’s Directorate of Naval Design, was launched in Kolkata. Aimed at enhancing the Navy’s underwater warfare capabilities, the warship, in a first of its kind, will be fitted with indigenous state-of-the-art weapons and sensors, including a medium range gun, torpedo tube launchers, rocket launchers and close-in weapon system. Being built by one of India’s leading shipbuilders, Garden Reach Shipbuilders & Engineers Ltd. (GRSE), it has been named after an island 'Kiltan' in the Lakshwadweep archipelago of India. The first GRSE-built ASW corvette, Kamorta, is expected to be delivered to the Navy by end of 2013. It was launched on April 19, 2010 and had suffered a delay of nearly one year.

Sparrow survey puts Chennai, Bangalore at the bottom

Among all major Indian cities, Chennai and Bangalore have the least number of spots for sparrow sightings, according to a survey conducted recently by the Bombay Natural History Society (BNHS). Surprisingly, Mumbai has the largest number of spots. The results of the survey, ‘Citizen Sparrow,’ allows for a closer evaluation of the widespread impression that sparrow populations have declined over the years. Thousands of citizens participated in the online survey and completed the questionnaire in eight Indian languages. Of the 5,730 participants, 25 per cent hailed from towns and villages, and the rest from large cities. Coimbatore and Pune came next, after Mumbai. Hyderabad and Delhi were intermediate. The north-eastern States like Assam and central States such as Maharashtra, Chhattisgarh and Jharkhand have reported a greater sparrow presence than other parts of the country.

Train tickets to cost more from April 1

Passengers travelling in trains will have to pay more as the hike in reservation fee and superfast charges comes into effect from April 1. Though railways have not increased basic passenger fares, it has proposed to increase the reservation fee, superfast and Tatkal charges in the Rail Budget. While reservation fee for second class and sleeper class has not been revised, AC classes will be dearer by Rs 15 to Rs 25 per ticket. Superfast charges have been increased by Rs 10 for sleeper and second class fare. Tatkal fee has been increased by 10 per cent of the basic fare for second class and 30 per cent for all other AC classes. While cancellation charges have been increased by Rs 10 to Rs 50 per ticket for confirmed tickets, clerkage charge for cancellation of waiting list and RAC tickets will be dearer by Rs 5 for sleeper class and Rs 10 for AC class.
International:
Italian Foreign Minister resigns over marines row

Italian Foreign Minister Giulio Terzi has resigned following the criticism of his government’s decision to send back to India two Italian marines accused of killing Indian fishermen. The Italian marines, accused of killing two fishermen off the Kerala coast in 2012, returned to New Delhi on March 22 after India had given an assurance that they will not face the death penalty nor will they be arrested, bringing to an end a raging 11-day diplomatic row between the two countries. As the diplomatic crisis escalated, Indian authorities had forbidden the Italian Ambassador from leaving the country and airports were put on alert. The marines, Massimiliano Latorre and Salvatore Girone, arrested in connection with the killing of the fishermen, returned to India on a military plane.
Obama appoints first female head of secret service

US President Barack Obama has appointed veteran agent Julia Pierson as the new director of the secret service, making her the first female to head the elite commando unit responsible for the security of the first family. Pierson, 53 was serving as Chief of Staff in the Office of the director of the United States Secret Service (USSS). Previously she served as the USSS assistant director of the office of human resources and training from 2006 to 2008. She joined the USSS in 1983 as a Special Agent in Miami. Prior to joining the Service, Pierson was a police officer in the Orlando Police department from 1980 to 1983.

Soldiers from 23 nations take part in military exercise in Nepal

Soldiers from 23 nations began military exercises in Nepal to train for UN peacekeeping missions in areas hit by conflicts. Altogether, 871 soldiers are participating from countries including Australia, Britain, Canada, Japan, Jordan, Philippines, South Korea and Thailand. They will train in skills used for peacekeeping operations such as patrolling, checkpoint controls and convoy operations. Nepal has been sending soldiers on U.N. peacekeeping missions since 1958.
Business & Economy:
FDI proposals worth Rs.733 cr approved

The Central Government has approved six foreign direct investment (FDI) proposals envisaging a capital inflow worth about Rs.732.77 crore in foreign exchange. According to a Finance Ministry, the approvals, based on the recommendations of the Foreign Investment Promotion Board (FIPB) headed by Economic Affairs Secretary Arvind Mayaram, include clearance to Malaysia-based AirAsia Investment Limited’s proposal to bring in FDI worth Rs.80.98 crore to set up a joint venture company for undertaking the business of operation of scheduled passenger airlines.

LIC helped SAIL stake sale go through

The Life Insurance Corporation of India (LIC) came to the government’s rescue during the share sale of Steel Authority of India (SAIL), by acquiring 70.57 per cent of the total offer. This amounts to about Rs.1,069 crore of the total Rs.1,517 crore, which the government raised by divesting 24.04 crore shares or 5.82 per cent of its stake in SAIL through the offer for sale route. Life Insurance Corporation of India (LIC), which had 5.023 per cent stake in SAIL, bought additional 169,644,181 shares or 4.107 per cent stake through the OFS. LIC now holds 377,115,022 shares or 9.13 per cent stake in the company.

Motor insurance premium to go up from April 1

Motor insurance premium is set to become more expensive, with the Insurance Regulatory and Development Authority (IRDA) allowing up to 20 per cent increase in third party rates from April 1 in view of rising inflation and the history of claim settlement. Charges for the third party insurance cover as per the notification will go up for two-wheelers, passenger cars and commercial vehicles. For passenger cars not exceeding engine capacity of 1,000 cc, the revised third party premium is proposed to be hiked by 20 per cent to Rs.941 per annum. For two-wheelers exceeding 350 cc, the premium would go up by 18.30 per cent to Rs.804. For goods carrying vehicles, excluding three-wheelers, with carriage capacity exceeding 40,000 kg, the premium would be Rs.15,035 per annum. There is no increase in case of three-wheelers used for carrying passengers for hire or reward with carrying capacity not exceeding six passengers. The IRDA had dismantled the third party motor insurance pool from April 1, 2011 thereby linking the premium rate with the prevailing market rate.

DGCA deregisters 15 Kingfisher aircraft

The Directorate-General of Civil Aviation (DGCA), has announced that it had deregistered 15 aircraft of Kingfisher Airlines paving way for global leasing companies to take them back on grounds of default on their lease rentals by the crisis-ridden carrier. The airport operators, particularly the state-run Airports Authority of India (AAI), had seized several aircraft of the liquor baron Vijay Mallya-owned carrier and decided not to release them till Kingfisher cleared the dues.

Sport:
Third spot for India

The battle for second place in the International Cricket Council (ICC) Test rankings with the cut-off date as April 1 resulted in a photo-finish between England and India. The draw at Auckland in the third and final Test against New Zealand gave England the No. 2 ranking while India finished third. South Africa had already sealed its position as the No.1 ranked Test side, meaning it not only retained the Test mace but is also assured of $450,000.

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