Marginal Cost of funds based Lending Rate (MCLR) to replace the present base rate system: RBI The Reserve Bank of India (RBI) issued fresh norms on how banks ought to calculate their lending rates — a move which is aimed at lowering borrowing costs at a time when lenders are reluctant to do so. Administrator Dec 18, 2015 Save for Later
Tata Starbucks CEO Avani Davda quits Avani Davda, chief executive officer of Tata Starbucks, a joint venture of Tata Global Beverages and Starbucks Corp, has resigned to pursue opportunities outside the group. Administrator Dec 18, 2015 Save for Later
India lowers GDP growth projection India lowered its GDP growth projection for the current year to 7-7.5 per cent against 8.1-8.5 per cent forecast earlier and said that while the macro economy is stable, the real economy needs policy attention. Administrator Dec 18, 2015 Save for Later
Madras HC bars construction on water bodies till Jan. 18 The Madras High Court directed the Tamil Nadu government authorities not to permit any construction on water bodies in the entire State till January 18, 2016. Administrator Dec 18, 2015 Save for Later
Afghanistan’s WTO membership approved after 11 years of talks The World Trade Organisation (WTO) on Thursday formally approved Afghanistan’s membership at its 10th ministerial conference in the Kenyan capital Nairobi. Administrator Dec 18, 2015 Save for Later
Current Affairs 18th December, 2015 French President Francois Hollande to be chief guest at 67th Republic Day Parade. Union Government gives in principle approval to Google’s Loon project. UNSC unanimously adopt resolution to cut-off supply of funds to IS group. Administrator Dec 18, 2015 Save for Later
23 poets and authors chosen for prestigious 2015 Sahitya Akademi Award Sahitya Academy has announced the names of 23 poets and authors who will be conferred the prestigious 2015 Sahitya Akademi Award. Administrator Dec 18, 2015 Save for Later
NSE launches three new group indices The National Stock Exchange (NSE) has launched three separate indices on three corporate houses of India viz. Tata, Aditya Birla and Mahindra Group. Administrator Dec 18, 2015 Save for Later
DAC gives nod to purchase of Russian S-400 Air Defence Missile Systems Defence Acquisition Council (DAC) has cleared the purchase of Russian advance S-400 Trium Air Defence Missile Systems at an estimated cost of 40,000 crore rupees. Administrator Dec 18, 2015 Save for Later
French President Francois Hollande to be chief guest at 67th Republic Day Parade President of France Francois Hollande will be the Chief Guest at the 67th Republic Day parade of January 26, 2016. Administrator Dec 18, 2015 Save for Later
UNSC unanimously adopt resolution to cut-off supply of funds to IS group United Nations Security Council (UNSC) has unanimously adopted resolution cut off supply of revenue flows to Islamic State (IS) militant group. Administrator Dec 18, 2015 Save for Later
Lok Sabha passes Arbitration and Conciliation (Amendment) Bill, 2015 The Lok Sabha passed the Arbitration and Conciliation (Amendment) Bill, 2015 by voice vote for speedy disposal of arbitration cases. Administrator Dec 18, 2015 Save for Later