Banking-Economics Current Affairs  January 2015

Banking-Economics Current Affairs January 2015


  1. Union Government divested 10 percent stake in Coal India Limited.
    •  Now,  government’s share in CIL stands at 79.65 percent.
    • Government earned an amount of 22557.63 crore rupees through the disinvestment process.
  2. HDFC Bank allowed by Cabinet Committee on Economic Activities to raise foreign holding limit to 74 per cent.
  3. Apple Inc recorded the highest-ever profit of 18 billion US dollars in corporate history worldwide.
  4. HDFC Bank featured among world’s 50 most valuable banks in 2014.
    • The top three banks in the list are :
    • Wells Fargo & Co. of US.
    •  Industrial & Commercial Bank of China (ICBC) of China.
    • JP Morgan Chase & Co. of US.
    • HDFC was  ranked at 45th position.
  5. Trade deficit of India declined to ten month low in December 2014.Trade Deficit is the difference between the value of Exports and the Value of Imports.
  6. First set of RIC readers handed over to Chiefs of Indian Navy and Coast Guard:
    • These RIC readers will be used by maritime security agencies to check identity cards of the residents of coastal area issued under RIC Scheme.
    • As per RIC Scheme under the National Population Registrar, government had issued these identity cards to more than 65 lakh residents of coastal villages. Apart from this, the Union government is also preparing the National Population Registrar (NPR) in 3331 coastal villages under the said scheme.
  7. Japan committed 2620 crore rupees Overseas Development Assistance loan to India.
    • The loan amount will support infrastructure projects that will be implemented in public-private partnership mode.
  8. India – China trade deficit increased to 37.8 billion US dollars in 2014.
  9. Zomato acquired US based food portal Urbanspoon.
  10. RBI and European Central Bank signed MoU on cooperation in Central Banking.


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