Top current affairs 3 February 2015 updates useful for upcoming banking exams are given below.
Current Affairs 3 February 2015 – National Scene
1. AMRUT Scheme to replace Jawaharlal Nehru National Urban Renewal Mission (JNNURM).
• The renewed version of JNNURM, AMRUT will be a 10-year programme with total investment of about Rs 2 lakh crore.
• AMRUT scheme will focus on digitization and wi-fi zones in cities to improve urban governance.
• 500 cities and towns will be rejuvenated.
2. Cash on Delivery system launched by IRCTC.
This scheme has been launched on pilot basis and the service will be available in more than 200 cities initially. Customers can book a ticket 5 days prior to commencement of journey. Anduril Technologies through their website and their App – BookMyTrain.com is authorised for providing CoD services.
Current Affairs 3 February 2015 – Business Diary
3. 6th bimonthly monetary policy review released by Reserve bank of India.
Repo rate – 7.75% Was unchanged under liquidity adjustment facility (LAF).
Reverse repo rate – Kept unchanged at 6.75% under liquidity adjustment facility (LAF).
SLR (Statutory liquidity ratio) – Unchanged at 21.5% of their NDTL (Net demand and time liability).
Bank rate – Was fixed at 8.75%
under liquidity adjustment facility.
Marginal standing facility (MSF) – 8.75%
Cash reserve ratio (CRR) – Unchanged at 4% of Net Demand and Time Liability (NDTL)
4. Foreign Exchange Remittance limit doubled up to $250,000 by RBI during its monetary policy stance.
Foreign exchange remittance comes under the Liberalised Remittance Scheme (LRS). All resident individuals, including minors, are allowed to freely remit (spend) up to the limit set by govt per financial year.
An individual, who has availed of a loan abroad while as a non-resident Indian repay the same on return to India, under this Scheme as a resident.
Persons In News
Dr. N.Chatterjee also served in the Government of India in the Ministries of Rural Development and Environment & Forests. She also has served for over six years in the United Nations Development Programme (UNDP) and World Health Organisation(WHO). Her last international assignment was as Capacity Development Advisor, UNDP in Afghnistan.