Monday, 10 December 2012

World Affairs : Elections in Libya

Elections in Libya Elections for General National Congress are held in Libya on July 7, 2012 which have been postponed form June 19, 2012. The election has marked the end of the interim National Transitional Council which has been running Libya since Gaddafi was killed in 2011 and is also a major step for the country emerging from Gaddafi's one man rule. ·         Election commission of Libya on July 17, 2012 has released the results of seventh polls, maximum seats won by national forces Alliance...

General Knowledge for IBPS : RBI Repo Rate 8 per cent

RBI hikes Repo Rate from 7.5 per cent to 8 per cent v  The Reserve Bank of India in a bid to tame inflationary pressure, hiked the short-term indicative policy rate by 50 basis points from 7.5 per cent to 8 per cent on July 26. The RBI Governor D. Subbarao also announced the first quarter review of Monetary Policy for 2011-12 v  The first quarter review of Monetary Policy for 2011-12 revealed that headline wholesale price index inflation rate for the first quarter of 2011-12 remained stubbornly close to double digits and inflationary...

General knowledge for IBPS Exam : Coal India Overtakes Reliance Industries

Coal India Overtakes Reliance Industries as Most Valuable Company v  State-run Coal India on Aug 17 toppled billionaire Mukesh Ambani-led Reliance Industries as the Country's most valued company, with a slightly higher market valuation around mid-day. v  At around 1200 hours on the National Stock Exchange, Coal India Ltd commanded a market cap of Rs 250759.67 crore, with an over 2 per cent rise in its share price. At that time, RIL had a market cap of Rs 250580.21 crore on the NSE. v  A few minutes later, CIL's market valuation exceeded...