This GK Capsule has been prepared by Mr Sumit Yadav - Senior GK Faculty at Career Power Institute Delhi (Formerly Known

as Bank Power). This has been prepared on the basis of news and events appeared in The Hindu Newspaper in the month of September 2013. 1. Raghuram Rajan, in his maiden policy review as Governor of RBI hiked the repo rate by 25 basis points to 7.50 per cent. RBI also rolled back the marginal standing facility rate by 75 basis points from 10. 25 per cent to 9.50 per cent. Minimum daily maintenance of the cash reserve ratio (CRR) was rolled back from 99 per cent to 95 per cent. New Rates are :a. Bank Rate 9.5 % (Decreased 0.75%) b. Cash Reserve Ratio 4 % (Unchanged) c. Statutory Liquidity Ratio 23 % (Unchanged) d. Repo Rate 7.5 % (Increased 0.25%) e. Reverse Repo Rate 6.5 % (Increased 0.25%) f. Marginal Standing Rate - 9.5 % (Decreased 0.75%) Former Foreign Secretary Ranjan Mathai was appointed as India's High Commissioner to the United Kingdom. Ranjib Biswal was appointed as chairman of the IPL during the Annual General Meeting of the Board of Control for Cricket in India (BCCI) at Chennai. Ranjib Biswal was replaced Rajeev Shukla. Ruchira Kamboj was appointed as the Permanent Representative of India to UNESCO, Paris with the rank of Ambassador. Ravindra Kumar, Editor of The Statesman was elected as President of The Indian Newspaper Society for the year 2013-14. Sri Srinivasan was sworn in as a first IndianAmerican judge of the US Courts of Appeal for the District of Columbia Circuit. The Association of Mutual Funds in India (AMFI) appointed Sundeep Sikka, Reliance MF President and Chief Executive, as its Chairman. Government of India appointed Justice Vangala Eswaraiah, former Acting Chief Justice of Andhra Pradesh High Court as the Chairperson of the National Commission for Backward Classes. The National Spot Exchange Limited appointed Saji Cherian as the new Managing Director and Chief Executive Officer of the company. 10. Deepak Sandhu became the first woman Chief Information Commissioner. She replaced Satyananda Mishra.

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11. Prime Minister Manmohan Singh appointed Rakesh Sood as his new Special envoy for Disarmament and Non-Proliferation. 12. Ravi Shankar Narsimhan was presented with Friendship award by China - the highest honor given to foreigners.

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13. Malala Yousafzai presented with the 2013 Peter J. Gomes Humanitarian Award (Harvard Humanitarian of the year) by Harvard University. 14. Pond's Femina Miss India World 2013 Navneet Kaur Dhillon won the Multimedia Award at the Miss World 2013 in Indonesia. 15. The University of British Columbias Faculty of Law presented Anna Hazare with the inaugural Allard Prize for International Integrity at Vancouver, Canada.

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22. 16. Former South African President Nelson Mandela presented with a humanitarian achievement award for his contribution to South-South cooperation and sustainable development. 17. India environmentalist Bunker Roy and Pakistan's teenage education activist Malala Yousafzai declared as winners of the Clinton Global Citizens Awards for the year 2013. 18. Bollywood superstar Aamir Khan selected for a US award for his television show Satyamev 25. The Lowland, the book of Jhumpa Lahiri was shortlisted among the six books for the Man Booker Prize 2013. 26. Haraprasad Das was conferred the Moortidevi Award for 2012 for Vamsha. Vamsa is a poetic recreation of the Mahabharata in contemporary idiom. 27. Rajnath Singh, the Bharatiya Janata Party President became the campaign committee chief for the 2014 Lok Sabha polls. 28. The Ministry of Health and Family Welfare announced former Indian cricket team captain Rahul Dravid as brand ambassador for its National Tobacco Control Campaign. 29. Megan Young of Philippines was crowned Miss World 2013 in Bali, Indonesia. Miss France, Marine Lorphelin finished as the first runner-up. 30. India's Navneet Kaur Dhillon finished among the top 20 finalists but couldnt reach final ten. She won the title of Miss Multimedia. 31. UN-backed special court in The Hague upheld war crimes convictions of Liberian President Charles Taylor. He was sentenced in May 2012 for helping 39. The Prime Minister of Bhutan, Lyonchhen Tshering Tobgay visited India. During this visit, India

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Jayate along with eminent American director Kathryn Bigelow and the International Center on Nonviolent Conflict (ICNC). The President of India Pranab Mukherjee presented the National Communal Harmony Award for the year 2011 to Janab Haji Abdul Bari and Khamliana and for the year of 2012 to Foundation for Amity and National Solidarity. Miss Nigeria, Obabiyi Aishah Ajibola won the Miss Muslimah World contest which was organised by the World Muslimah Foundation in Jakartha, Indonesia. Indian freedom fighter Jawaharlal Darda was posthumously conferred a Lifetime Achievement Award at UK's House of Commons. Malala Yousafzai and Harry Belafonte were jointly awarded with Amnesty International's Ambassador of Conscience Award for 2013. National Thermal Power Corporation (NTPC) was awarded Indira Gandhi Official Language Award for propagation of Rajbhasha. Ellen Johnson Sirleaf, the Liberian President was conferred with the Indira Gandhi Prize for Peace, Disarmament and Development 2012 by the President of India. rebels who committed atrocities in Sierra Leone during its civil war. Indian cricketer Virat Kohli was appointed as the brand ambassador of the Border Security Force. Indian-origin American, Nina Davuluri became the first Indian-origin contestant to win the Miss America pageant in Atlantic City, New Jersey. Anjana Padmanabhan from Bangalore became the first winner of the Sony TV's singing reality show Indian Idol Junior. Aga Khan, a Swiss-Born Philanthropist and Muslim Spiritual Leader visited India. External Affairs Minister of India Salman Khurshid paid an official visit to Kyrgyz Republic and Uzbekistan. 13th Shanghai Cooperation Organization (SCO) Council of Heads of State Summit held in Bishkek, Kyrgyzstan. Salman Khurshid attended it. India has been an Observer at the SCO since 2005. The President of the Republic of Liberia, Ellen Johnson Sirleaf paid an official visit to India since 9 September 2013 to 13 September 2013 at the invitation of the President of India. announced 5000 Crore Aid for Bhutan's Development Work.

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40. Freedom fighter Ranjit Singh died. He was close associate of Netaji Subhas Chandra Bose. 41. Mohan Singh, the veteran Samajwadi Party politician died.

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56. 42. Ken Norton, the former heavyweight champion died in USA. 43. British broadcaster and writer David Frost died in England. 44. Jiyo Parsi, the Central Sector Scheme for containing population decline of Parsis in India launched by the Ministry of Minority Affairs, Government of India. 45. UPA Chairperson Sonia Gandhi launched Ahimsa Messenger Programme - an initiative to curb violence against women at New Delhi. 46. A high-level panel headed by Arvind Mayaram that looked into alleged irregularities at the National Spot Exchange Limited (NSEL) submitted its report to Government. 47. U.N. chemical investigators confirmed the use of Sarin nerve agent in 21 August 2013 poison gas attack outside the Syrian capital Damascus. The investigation team headed by Ake Sellstrom of

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Sweden submitted its report to UN SecretaryGeneral Ban Ki-moon. India's first ever Naval and Maritime Exposition and Conference, NAMEXPO 2013 concluded on 27 September 2013 at Cochin, Kerala. The Indo-Japan Monorail and Light Rail Transit (LRT) seminar was held at New Delhi. Nuclear capable Intercontinental ballistic missile with range 5000 Km, Agni-5 was successfully test fired from Chandipur Test Range in Balasore district Wheeler Island. Tony Abbott will be sworn in as the 28th prime minister of Australia after clinching an historic victory and ending six years of Labor rule. The Reserve Bank of India will issue inflationindexed savings certificates which will be linked to Consumer Price Index (CPI) by November 2013 as a means to protect households against inflation. Reserve Bank of India allowed the Non-Resident Investors including NRIs to purchase shares of Indian entities Under FDI Scheme. Tata Communications Payment Solutions (TCPS) is the first company to launched first white label ATM (WLA) at Chandrapada near Mumbai. It has been branded 'Indicash' by the company. The International Olympic Committee has asked the Indian Olympic Association to drop charge-sheeted members by October 31 to enable its return to the Olympic family. The international body wants IOA to hold fresh elections by December 15. India and Japan have decided to more than triple their bilateral currency swap arrangement from USD 15 to USD 50 billion. India has slipped to 60th position in terms of its competitiveness globally, while Switzerland has retained its top rank according to Global Competitiveness Report 2013-2014. Zubin Mehta was conferred the prestigious Tagore Award for Cultural Harmony by President Pranab Mukherjee in New Delhi. He is the second recipient after Sitar maestro late Pandit Ravi Shankar. Indian writer Sushmita Banerjee was shot dead in Afghanistan by militants. Angelina Jolie is to receive an Honorary Oscar in recognition of her humanitarian work, the Academy of Motion Picture Arts and Science. Jolie was appointed as a special envoy to the United Nations High Commissioner for Refugees in 2012. G-20 held at St. Peters burg in Russia. Indian Prime Minister Manmohan singh attended it.

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62. Ronald Coase, the British-born US economist who was awarded the Nobel prize in 1991, died in Chicago. 63. India and Japan agreed to "intensify" their negotiations on the civil nuclear pact towards an early conclusion at a high-level official meeting in Tokyo. 64. Tommy Morrison, the former heavy weight champion, who was diagnosed positive for HIV died. 65. Microsoft said it will acquire Nokia's handset business for 5.44 billion euros (USD 7.17 billion) in cash, in an effort to strengthen its position in the smartphone market. 66. The 3rd India-Republic of Korea (ROK) Foreign Policy and Security Dialogue (FPSD) was held in Seoul on 2 September 2013. It was agreed that the 4th IndiaROK Foreign Policy and Security Dialogue will be held at New Delhi in 2014. 67. Diana Nyad American long-distance swimmer became the first person to cross Florida Straits from Cuba without any shark cage. 68. Pakistan and China are conducting a joint exercise of their Air forces. The joint drill is being conducted in Xinjiang Uygur Autonomous Region. The exercise has been code-named Shaheen-2. 69. Rajya Sabha member and Congress leader, Rasheed Masood, was sentenced to four years in jail by a Delhi court in a corruption case, becoming the first MP to lose his seat after a recent Supreme Court judgement had removed the immunity for convicted lawmakers. 70. Rashtriya Janata Dal chief Lalu Prasad was held guilty in a fodder scam case by a Special CBI court and renders him ineligible for contesting elections for at least six years.

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84. 71. Economic Offence Wing of Mumbai filed an FIR against Jignesh Shah-led Financial Technologies for irregularities in National Spot Exchange (NSEL). 72. Leaders of the BRICS announced to set up a 100 billion US dollar fund to steady currency markets. Brazil, India and Russia committed 18 billion dollars each while China announced 41 billion US dollars. South Africa announced 5 billion US dollars. 73. Narayanaswamy Srinivasan was re-elected as the President of the Board of Control for Cricket in India 85.

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(BCCI) for a third term at its annual general meeting held at Chennai. India and the USA clinched the first commercial agreement on civilian nuclear power cooperation. Asian Development Bank will lend $500 million to set up a transmission network that will carry power from clean energy projects in Rajasthan. Rajasthan Renewable Energy Corporation is developing the Bhadla solar park. Japan will promote "womenomics" -- a theory which asserts that the advancement of women in society is directly correlated with its growth rate -and give over $3 billion of official development assistance (ODA) in the next three years. India's financial capital Mumbai has been named the world's second-most honest city out of 16 cities worldwide. Finland capital Helsinki bagged the top spot, while Lisbon, the capital of Portugal, proved to be the least honest. This is survey by Reader's Digest magazine. The Reserve Bank of India has set up a committee headed by Nachiket Mor on comprehensive financial services for small businesses and lowincome households. The Bombay Bullion Association would host the first-ever India International Bullion Summit, IIBS in Mumbai on October 5th. Vijay Keshav Gokhale has been appointed as India's next Ambassador to Germany. Hun Sen who has been in power for 28 years, was sworn as Cambodian prime minister for another five-year term. Joint military exercises in general combat and mountain warfare between India and Nepal began in Pithoragarh in Uttrakhand. All new credit card swipe machines and automated teller machines (ATMs) will be required to have a mechanism for Aadhaar authentication using biometrics. 7th India Russia meeting on trade and investment was held at St. Petersburg , Russia. Union Ministry of Minority Affairs, Government of India on 23 September 2013 launched scheme seekho-aur-kamao for Skill Development of Minorities. Tata Sons have signed an agreement with Singapore Airlines to set up a new airline in India. Tata Sons will control the majority 51 percent stake, while Singapore Airlines will own 49 percent.

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87. Pakistan prime minister Nawaz Sharif and Indian prime minister Manmohan Singh met on the sidelines of the UN General Assembly. 88. Even as the Ministry of Information and Broadcasting has made repeated public appeals to the TRAI to reconsider limiting ad time to 12 minutes per hour on television, the regulator is firm on enforcing the rule from 1 October. 89. RBI has decided to open a forex swap window to meet the entire daily dollar requirements of three public sector oil marketing companies IOC, HPCL and BPCL. 90. Following the success of the direct benefit transfer (DBT) scheme in 20 districts, the government has decided to go for a massive rollout in 269 more districts from September 1, in a phased manner to cover LPG consumers for cash subsidy payment. 91. GDP growth decelerated further to 4.4 per cent in the first quarter (April-June) quarter of the current fiscal. 92. MCX Chairman Venkat Chary quit following the implementation of new guidelines. R.M. Premkumar appointed as interim Chairman of MCX. 93. The Environment and Forests Ministry has slapped a Rs. 200 crore penalty on Gautam Adanis Mundra multi-purpose projects for violating green laws. 94. The government is considering giving the Union Territory status to Hyderabad the proposed joint capital of Andhra Pradesh and Telangana for 10 years. The high-level committee, headed by Defence Minister A.K. Antony was still deliberating on the contentious issue. 95. INS Vikramaditya, previously known as Gorshkov in Russian Navy, will be handed over to the Indian Navy on November 15 at a formal ceremony in the Russian. 96. Venezuelas main power distribution network failed on 3rd September, depriving 70 per cent of the country of electricity and creating traffic chaos in much of Caracas. 97. The 7th International Earth Science Olympiad (IESO) commenced on the Infosys campus in Mysore on September 11. 98. Kenyan lawmakers backed a motion to pull out of the International Criminal Court. 99. Moodys Investors Service downgraded subordinated debt ratings of 11 Indian banks, including SBI, ICICI Bank and HDFC Bank. 100. Final G-20 declaration took care of key concern that the central banks of the developed world have agreed to calibrate and communicate their

monetary policies to the developing economies to minimise volatility in capital flows and currencies. 101. The Lok Sabha approved the Rajiv Gandhi National Aviation University Bill, 2013 to set up the countrys first aviation university in Congress president Sonia Gandhis Rae Bareli Lok Sabha constituency in Uttar Pradesh. 102. A Bill seeking to prohibit employment of individuals as manual scavengers by prescribing stringent punishment, including imprisonment up to five years, was passed by Parliament. 103. Tokyo won the right to host the Olympic Games for the second time in 2020. 104. Iran plans to send its second monkey into space onboard home-made rocket Pishgam (Pioneer) II within 45 days. 105. Akhilesh Yadav government appointed a one-man inquiry commission headed by retired High Court judge Vishnu Sahay to probe the causes behind Muzaffarnagar riots. 106. The Forward Markets Commission will be overseen by the Ministry of Finance instead of the Department of Consumer Affairs under the Ministry of Food. 107. The Indian Election Observers team came at the invitation of the Elections Commission of Maldives to observe the presidential elections on September 7.

108. Mr. Gopalaswami was in Sri Lanka as an observer of SAARC team in the Sri Lankas Northern Province. 109. Mamnoon Hussain was sworn in as Pakistans 12th President. He replaced Asif Ali Zardari. Mr. Hussain was born in Agra in 1940. 110. Bangladesh decided to take legal action against Dr. Muhammad Yunus. Government also decided to bring Nobel Prize winning Grameen Bank under the central banks jurisdiction amid controversy. 111. German Thomas Bach was elected president of the International Olympic Committee (IOC). He succeeds Belgiums Jacques Rogge. 112. After three days of intensive talks in Geneva, Russia and the United States have reached an agreement on a timetable for the swift elimination of Syrias stockpiles of chemical weapons.

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113. Russia has taken a principled decision to sell Iran an improved version of the S-300 air defence missiles and to build a second nuclear reactor at Bushehr. 114. The Union Cabinet approved a second vehicle assembly building at the Satish Dhawan Space Centre at Sriharikota. 115. Union Ministry of Women & Child Welfare has drawn up a national plan Titled Shubh under the Nirbhaya Fund to provide protection to vulnerable women. 116. BJP named Narendra Modi as its prime ministerial candidate for the 2014 Lok Sabha election. 117. Prime Ministers Economic Advisory Council scaled down its GDP growth projection for the current fiscal to a more realistic 5.3 per cent from 6.4 per cent estimated earlier. The PMEAC expects agriculture and industry to grow by 4.8 per cent and 2.7 per cent, respectively while the growth of the services sector is pegged lower at 6.6 per cent for this fiscal. 118. The Defence Ministry gave its nod for purchase of six more C-130J Super Hercules aircraft from the United States in a deal worth over Rs. 4,000 crore. 119. Ministry of Environment and Forests will counter pressure from the USA to phase out the use of the refrigerant gas Hydrofluorocarbons (HFCs) in refrigerators and air-conditioners on grounds that there is no environment-friendly, technically proven and economically viable alternative available. U.S. is exerting pressure on India to enter into a pact under the Montreal Protocol to phase out HFCs. 120. Indias prestigious 500 MWe Prototype Fast Breeder Reactor (PFBR) under development at Kalpakkam in Tamil Nadu is all set to go critical in a years time. 121. The 15-day-old Jal Satyagraha by villagers affected by the Indira Sagar Dam was called off in the Khandwa, Dewas and Harda in Madhya Pradesh after 40 protestors were admitted to hospitals with fever, rashes and peeling skin. 122. The Karnataka State government has proposed to link Bangalore and Mysore with a bullet train with Japanese technology.

123. The Republic of Latvia will start its embassy in New Delhi from January 1, the day when the nation will enter the Euro zone. Latvian currency lats would disappear and be replaced by euro coins on January 1, 2014. Latvia will be the 18th out of 28 European Union countries to have euro. 124. The duty on import of gold and silver jewellery has been raised to 15 per cent from 10 per cent in order to protect the domestic industry. 125. The Reserve Bank of India asked banks to close the accounts of customers using credit or debit card for online forex trading transactions, which are prohibited. 126. The government-appointed panel, headed by M Damodaran, has recommended a string of legal, administrative and regulatory reforms to make the country a better and easier place for doing business. 127. Social scientist Yogendra Yadav was sacked from the UGC for being a member of Arvind Kejriwal-led Aam Aadmi Party (AAP).

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128. U.S. Federal Reserve chose to hold firm to its $85bn-a-month monetary stimulus policy of quantitative easing (QE) despite speculation that it may trim down this bond-purchase programme by $10bn. 129. India appointed M.K. Lokesh as ambassador to Switzerland. 130. Government departments have been banned from holding meetings in 5-star hotels and officials barred from executive class air travel as part of measures to cut non-plan expenditure by 10 per cent and. Aiming to restrict the fiscal deficit to 4.8 per cent of GDP in 2013-14, the Finance Ministry has ordered all ministries and departments not to buy new vehicles, create new jobs or fill posts lying vacant for over one year. 131. The Bihar Cabinet approved a proposal of the Disaster Management department to declare 33 of the States 38 districts drought-hit. 132. In a strong message, Brazilian President Dilma Rousseff called off her trip to Washington to protest the electronic surveillance conducted against her and her government by the U.S. National Security Agency (NSA). 133. Nepalese Army Chief General Gaurav Shamsher J.B. Rana will undertake a week-long visit to India from September 29 to strengthen military-to-military ties. 134. Fitch Ratings has scaled down its projections on Indias growth to 4.8 per cent for the current fiscal from the earlier estimate of 5.7 per cent made in June. 135. Shareholders of the Bangalore Stock Exchange unanimously approved the voluntary dissolution of the 50-year-old institution. 136. Russia has offered to set up manufacturing facilities in the country for joint production of defence hardware and also reached an understanding for setting up two major projects in a joint venture for producing civil choppers and aircraft. This was decided during the meeting between Commerce and Industry Minister Anand Sharma and Deputy Prime Minister of Russia Dmitry Rogozin and Russias Industry and Trade Minister Denis Manturov in St. Petersburg. 137. Gyan Correas debut Gujarati movie The Good Road was nominated as Indias official entry to next years Oscars in the Best Foreign Film category. 138. A Pakistani delegation led by Mirza Asif Baig arrived for the 109th meeting of the Permanent Indus Commission.

139. India will build 4,000 MW solar project, the worlds largest, in Rajasthan. The project would be built in two phases in an area close to Sambhar Lake, about 75 km from Jaipur. 140. A Parliamentary Committee has sought peoples suggestions on the Right to Information (Amendment) Bill, 2013, aimed at keeping political parties out of the purview of the transparency law. 141. BlackBerry said it has signed a letter of intent with a consortium led by Fairfax Financial Holdings Limited to buy BlackBerry for $ 4.7 billion. 142. BSE signed a memorandum of understanding with Indian Institute of Corporate Affairs to collaborate and develop a CSR index and increase awareness about corporate social responsibility (CSR). The new Companies Act 2013 has mandated eligible companies to spend 2 per cent of their profits on CSR activities. 143. Supreme Court said the Aadhaar card was not mandatory for one to avail oneself of government services. 144. The Central Bank has instructed banks to stop offering zero interest EMI (equated monthly instalment) schemes for the purchase of consumer goods. 145. The government announced the constitution of the Seventh Pay Commission to revise salary and pension. Its recommendations are likely to be implemented with effect from January 1, 2016. 146. The United Nations High Commissioner for Human Rights Navi Pillay set a March 2014 deadline for the Sri Lankan government to engage in a credible national inquiry into reported cases of human rights violation. 147. TRAI recommended implementation of mobile number portability across the country within six months. 148. A panel headed by Raghuram Rajan has recommended a new index of backwardness in States. The new methodology ranks Odisha as Indias most backward State, Bihar as the second most backward. Goa is Indias most developed State. The committee has proposed an index of backwardness composed of 10 equally weighted indicators. The 10 States that score above 0.6 (out of 1) on the composite index have been classified as the least developed, the 11 States that scored from 0.4 to 0.6 are less developed and the seven that scored less than 0.4 are relatively developed. 149. The Election Commission welcomed the Supreme Court order directing it to add None of the Above

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(NOTA) button in the EVM. The button will give voters the option of not voting for any candidate. 150. The draft report of the JPC on 2G spectrum allocation exonerated Prime Minister Manmohan Singh and Finance Minister P. Chidambaram of any wrongdoing and blamed then Communications Minister A. Raja. Mr. Raja was accused of misleading the Prime Minister. 151. According to the list of total 122 countries released by the Geneva-based World Economic Forum (WEF) India has been placed at a low 78th slot on a global Human Capital Index, which ranks countries on the basis of economic potential of their labour force, while Switzerland has topped the ranking. 152. Planning Commission is likely to cut the annual average economic growth rate target of 8 per cent for the 12th Plan (2012-17) to around 6 to 6.5 per cent in its mid-term review of the five year policy document. 153. India will build its first strategic oil storage by January at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka to store about 5.33 million tonnes of crude oil. This is enough to meet nation's oil requirement for 13-14 days. 154. GAAR will come into effect from April 1, 2016, a government notification said. The provision of General Anti Avoidance Rules will apply to entities availing tax benefit of at least Rs 3 crore. 155. Small destinations in the country will have air connectivity with a network of more than 100 airports planned to meet the expected passenger load capacity of 30 crore by 2020, Prime Minister Manmohan Singh said. The first such airport will come up in Kishangarh town in Rajasthan's Ajmer district.

156. India's unemployment rate rose to 4.7% in 2012-13 from 3.8% in 2011-12 due to a sharp slowdown in the industry and infrastructure sectors. 157. The per capita annual income in Delhi has increased to Rs 2.01 lakh in 2012-13 compared to Rs 1.73 lakh in the previous fiscal, which is three times the national average and highest in the country. The national average has been worked out at around Rs 61,564.

158. The Indian economy is likely to grow at 5.2 per cent in 2013 calendar year, says a report by UN agency UNCTAD. 159. International Monetary Fund's projection of GDP growth is 5.6 per cent for this year. 160. One third of the food produced worldwide is wasted, costing the global economy around $750 billion a year, a new report by Food and Agriculture Organisation said. 161. Crisil cut India GDP growth forecast to 4.8 per cent for the current fiscal. 162. Parliament passed the Pension Bill 2013 that aims to create Pension Fund Regulatory and Development Authority a statutory authority and allows at least 26 per cent FDI. 163. The Reserve Bank is likely to complete initial scrutiny of 26 applications for new bank licences in a month. Thereafter, shortlisted names will go to the High Level Advisory Committee chaired by former RBI Governor Bimal Jalan. 164. Banks will have to bear the cost of fraudulent card transaction through point of sales (PoS) at merchant establishments that do not have security features prescribed by the Reserve Bank of India (RBI). 165. Reserve Bank of India governor Raghuram Rajan has been awarded the Fifth Deutsche Bank Prize for Financial Economics 2013, in recognition of his ground-breaking research work which influenced financial and macro-economic policies around the world. 166. Bharatiya Mahila Bank proposes to complete the first six branches at Mumbai, Delhi, Kolkata, Chennai, Indore and Guwahati by October 15. The proposed bank, to be headquartered at Delhi, is likely to be operational by November this year. 167. People belonging to weaker sections in the country can also open zero balance accounts in foreign banks. The Reserve Bank said its 'Basic Savings Bank Deposit Account (BSBDA) guidelines are applicable to "all scheduled commercial banks in India. However, holders of 'Basic Savings Bank Deposit Account' will not be eligible for opening any other savings account in that bank.

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