CURRENT AFFAIRS

Current Affairs for Bank Exams(For SBI PO)
This post helps to get an idea about general awareness asked in bank exams. In most of the bank exams questions asked from this sections are more concentrated on  current affairs and banking related topics.
Covering all the topics are really difficult even though I will try to add more study materials for general awareness in the future posts.
*Third stock exchange of India : MCX SX
           1. The oldest stock exchange in India : BSE (Bombay Stock Exchange)
            2.The largest stock exchange in India : NSE (National Stock Exchange)
               i. NSE is the largest stock exchange in Asia and it is the 1st computarised stock exchange in India.

*Current Account Deficit (CAD)of India in 2012-13 is 5.4% of GDP
             CAD means a country's total imports of goods & services is greater than the country's total export of goods & services.

*China has become the biggest trading nation
             China surpassed USA as the world's biggest trading nation in 2012 as measured by the sum of exports and imports.

USA
Export + import : $3.82 trillion
Trade deficit : $727.9 billion

CHINA

 Export + import : $3.87 trillion
Trade deficit : $231.1 billion

Still USA is the no:1 country in economy.

Country	GDP
USA	$15billion
CHINA	$7.3billion

China is the  biggest exporter and USA is the biggest impoter.

China is no:1 in following things.
1. Biggest energy user.
2. Largest car market.
3.Largest FOREIGN CURRENCY RESERVE.

*IRDA: Insurance Regulatory Development Authority of India
      *IRDA has allowed insurance companies to invest upto 15% in the equity of a company.
      *Earlier it was 10%.
      *FDI allowed in insurance sector was 26%. This limit being enhanced to 49%.

*CCI: Competition Commission of India
       * They are regulators of fair trade practices.
       * Recently, CCI has find Rs.52 crore on BCCI for the unfair practice.

*259.32 million ton is the FOOD PRODUCTION of India during 2011-12.
       *This is an all time record.
       *Estimated growth of food grain during 2012-13 is 250.14 million ton.

* Chief guest of India at the 64th Republic day : Khesar Namgyal Wangchuck (Bhutan King).

*The world Economic Foruum held its annual meeting in its permanent venue of DAVOS, Switzerland
        *Held on January 23-26.
*The state in which President rule was imposed on January 19, as per the provisions in Article 356(1) of the constitution  of India : Jharkand

*Joseph Biden sworn in as the Vice president of USA on January 20, along with president Barack Obama.

*Roelant Oltman  has been appointed as the Director, High performance of Indian Hockey.

*Om Prakash Chautala, the former Chief Minister of Haryana has been sentenced to 10yrs imprisonment in a teachers recruitment scam.

*Jeet Thayil won DSC Prize for South Asian Literature 2013.

*Dr.C.N.Rao Indian scientist has been conferred with the Award for International Scientist Co-operation (2012), instituted by the Chinese Academy of Sciences.
      * He is presently the head of Scientific Advisory Council to the Prime Minister of India.

* Ranjit Sinha is appointed as the Director of CBI.
      *He has been appointed for a period of 2 years.
      *He is succeeding A.P.Singh.

*The 3rd round of INDIA-US-JAPAN Trilateral Dialogue was organised in New Delhi on October 30,2012
  
*India has been ranked 40 in the Financial Development Index 2012 developed by the World Economic Forum.
      *Hong Kong ranked first.
      *India ranked 9th in non-banking financial services and capital markets but 45th rank in banking services.

*Domestic scheduled commercial banks(other than RRB) do not require RBI permission to open branches in TIER-I TIER-II TIER-III centres.
    
*The following amendments in the Banking Regulation Act 1949 has the Reserve Bank of India asked for finalising guidelines for new banking license.
        1.Any acquisition of 5% or more of the share capital of a bank should be subjected to the Central Bank's approval.
        2.RBI should have the authority to supersede the authority to supersede the board of directors of a banking company and appoint an administrator during the period of supersession.
        3.RBI should have the authority to call for information or inspection of any associate enterprise of a banking company.