Some facts about Regional Rural Banks
- Regional Rural Banks were established in 1975 under the provisions of the ordinance promulgated on the 26th September , 1975 and RRB acts 1976.
- In terms of section 6 of the RRB acts the central government , the Spencer banks and the State government have subscribed to the share capital of the banks in the ratio of 50:35:15.
- Prathma bank was the first RRB in the country.
- RRB are working in all state of the country except Sikkim and Goa.
New Appoinments
- Nasim Ahmed Zaidi has been appointed as new election commissioner of india and H S Brahma is the other Election Commissioner.
- Sushil Kumar Shinde has been appointed as new the new minister of home affairs.
- Raghuram Rajan has been appointed as new chief economic adviser .
- Omita Paul has been appointed as the secretary of the president.
- Ramesh halgali has been appointed as deputy chief of Indian army.
- Prakash Mishra is the new director general of national disaster response force and civil defense.
- Srilata Zaheer is the first indian who was appointed as dean of an american business school.
Economy & Banking
- Repo rate - 8% , Reverse Repo rate - 7% , CRR - 4.75% , SLR - 23%, bank rate - 9%
- Rating agency Fitch revised the outlook on India's financial institution to negative from stable.
- RBI removes penalty on prepayment of home loans.
- popular finance magazine "Asia money" give the title of 'best domestic bank 2012' to HDFC bank.
- Bihar emerged as highest economic growth 13.1% in 2011-2012.
- SBI waives minimum balance for savings accounts.
- NHB launches India's first mortgage guarantee entity.
- NABARD funds 'MAA THOTA' scheme for tribals.
- ADB cuts projection of GDP growth to 6.5% from 7%.
- CMIE lowers GDP growth to 7.2% from 7.3%.
- IMF lowers India's growth forecast to 6.1%.
- 8.8% in the new interest rate on General provident fund.
India Ranking
- Human Development index - 134th
- World Hunger index - 66th
- World corruption index - 95th
- World competitiveness -56th
- Foreign money in swiss bank - 55th
- Suicide rate -41th
Others
- Miss Asia pacific 2012 - himaginni singh.
- The first world information technology forum was held in new Delhi.
- The first spice park has been inaugurated in Rajasthan at Rampur bhatiyan village.
- London is the most influential city of the world followed by Newyork, Hongkong , Paris and Singapore according to wealth report 2012.
- Qatar is the world wealthiest's country by us Forbes magazine 2012
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