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Saturday, 5 April 2014

Daily Update- 3,4th April

1.New Banking license for IDFC and Bandhan.

    RBI granted Banking license for infrastructure finance company IDFC and microfinance company Bandhan from the 25 applicants,RBI will consider the application of India post after consulting with Government of India,others are advised to submit afresh application.
committee for new banking license is headed by former Governor Bimal Jalan.

2.ISRO launched IRNSS 1B.

    Indian Space Research Organisation,launched the second satellite of India's regional navigation satellite system IRNSS 1B from Satish Dhawan Space center Sriharikota on 4th April.To start functioning the system will require four of seven satellites to be launched.The first of the series was launched on 1st july 2013.
These are the countries with own navigation system.

   1. United States : Global positioning system(GPS)
   2.Russia : Glonass
   3.Europe : Galelio
   4.China : Beidou
   5.Japan : Quasi Zenith Satellite System

3. R Gandhi Promoted as Deputy Governor of RBI

    After KC Chakraborthy quits the post of Deputy Governor,R Gandhi presently the executive Director is promoted as Deputy Governor of the central bank of India.RBI will have 3 Deputy Governor,Urjit Patel,HR Khan and R Gandhi.

4.DOHA Bank will open their Branch in Mumbai.

    Qatar based Doha bank will open their first branch at Nariman point in Mumbai by may 2014.

5.World's most accurate clock launched.

   National Institute of Standards & Technology,under US department of Commerce launched new atomic clock NIST F2 .which is claimed to be the accurate clock of the world.This will neither gain or lose a second for about 300 million years.

6.INSAT 3E decommissioned.

    ISRO decommissioned its communication satellite INSAT 3E after 10.5 years ,it had stopped working in march 2014

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