Daily GK Potion – 2nd December 2014
- United Bank of India has identified United Breweries Holdings, the guarantor of grounded airline Kingfisher, as wilful defaulter.
- Canara Bank awarded FIEO
- Canara Bank has been conferred the annual Niryat Bandhu silver trophy among banks for its export-related services.
- The award is instituted by the Federation of Indian Export Organisation to recognise outstanding export-promotion support offered by banks, financial institutions, commodity boards and export promotion councils.
- Snapdeal appoints Vishal Chadha as VP market development.
- Lakshmi Vilas Bank says No cap on ATM use for its debit card holders
- Lakshmi Vilas Bank (LVB) has extended certain customer friendly provisions allowing cost free transactions on their own ATMs to its debit card holders without any cap on number of transactions.
- The bank will also allow its customers to do up to five ATM transactions (inclusive of both financial and non-financial) in a month at other bank ATMs in other locations (that is, other than the six metros) without any charge.
- Transactions up to 3 in a month at other bank metro ATM’s will be cost free.
- RBI keeps key interest rates unchanged in fifth Bi-Monthly Monetary Policy
- The Reserve Bank of India (RBI) has kept the key policy rates unchanged.
- RBI has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent.
- The cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL).
- The reverse repo rate under the LAF will remain unchanged at 7.0 per cent, and the marginal standing facility (MSF) rate and the bank rate at 9.0 per cent.
- Reserve Bank of India (RBI) has retained its growth estimate for 2014-15 at 5.5 per cent.
- Former Chief Minister of Maharashtra Abdul Rahman Antulay passed away. He was 85. He also served as the Union Minister for Minority Affairs in the UPA-I government.
- Agni-IV test-fired successfully
- India’s strategic missile, Agni-IV, was successfully test-fired from the Wheeler Island, off the Odisha coast.
- The missile’s range is 4,000 km.
- 26th World AIDS Day observed on December 1.
- Dublin-born film artist Duncan Campbell has won this year’s £25,000 Turner Prize for a video that reflects on African art.
- Atal Bihari Vajpayee’s birthday to be observed as national ‘Good Governance Day’
- Prime Minister Narendra Modi announced that national ‘Good Governance Day’ will be observed each year on the birthday of former prime minister Atal Bihari Vajpayee.
- PM Modi Announces Rs 28,000 Cr for New Rail Projects in Northeast
- He also announced sanctioning of Rs 5,000 crore for 2G mobile coverage in the region.
- Comedian Deven Verma died at the age of 77
- Veteran Bollywood character actor, director and producer Deven Verma died following a heart attack and kidney failure, family sources said. He was 77.