Dear Friends, This post includes the current affairs on 15th August 2104. I hope You like this and share it on your time line.
Day To Day Current Affairs - 15th August 2014
1. RBI cuts number of free cross-bank ATM transactions to 3 per month
i. Frequent withdrawal of money from ATMs will become expensive from November, with the RBI imposing a limit of 3 transactions per month from ATMs of other banks and 5 from the same bank in six metropolitan cities. ii. A customer will be required to pay a fee of up to Rs 20 for using Automated Teller Machines (ATMs) beyond the permitted numbers of transactions in Delhi, Mumbai, Chennai, Bangalore, Kolkata and Hyderabad. iii. The new guidelines, which were issued in pursuance of a representation made to the central bank by Indian Banks' Association, will come into effect from November 1, 2014. iv. "The number of mandatory free ATM transactions for savings bank account customers at other banks ATMs is reduced from the present 5 to 3 transactions per month (inclusive of both financial and non-financial transactions) for transactions done at the ATMs located in 6 metro centres," RBI said in a notification. v. With regard to own bank ATMs, RBI said that banks will have to permit at least 5 free transactions per month (both financial and non-financial). vi. Banks have been allowed to charge a maximum fee of Rs 20 per transaction beyond the stipulated ceilings. vii. The Reserve Bank of India (RBI) also made it clear that the said reduction will not apply to small/no frills/basic savings bank deposit account holders.
Note: i. Also, it will not be applicable for account holders other than the six metro cities. ii. The Reserve Bank said the cap on the number of free ATM transactions have been imposed in view of the growing cost of ATM deployment and maintenance incurred by banks and also in view of rising interchange outgo due to free usages.
2. Govt. launch Jan Dhan scheme to promote financial inclusion i. Prime Minister Narendra Modi launched 'Pradhan Mantri Jan Dhan Yojana' to help the poor open bank accounts which will come with the facility of a debit card and an insurance cover of Rs 1 lakh. ii. Observing that people have mobile phones but not bank accounts, Modi said, the scheme will help in bringing the benefits of formal banking system to them. iii. Under the Jan Dhan Yojana, he said, "the person who will open bank account will get a debit card and the family will get Rs 1 lakh insurance cover. iv. The Union Cabinet has already cleared the two-phase financial inclusion scheme under which bank accounts will be opened for 15 crore poor persons with an overdraft facility of Rs 5,000 and accident insurance of Rs 1 lakh.
Note: i. The main features of the scheme include Rs 5,000 overdraft facility for Aadhar-linked accounts, Ru Pay Debit Card with inbuilt Rs 1 lakh accident insurance cover and minimum monthly remuneration of Rs 5,000 to business correspondents who will provide the last link between the account holders and the bank. ii. The scheme, to be pushed by the government in a mission mode, seeks to provide two accounts to 7.5 crore identified households by August 2018.
3. Prime Minister Modi announces 'Sansad Aadarsh Gram Yojana' i. Prime Minister also announced the 'Sansad Aadarsh Gram Yojna' on the occasion of Independence Day. ii. Announcing the scheme for cleanliness drive, Modi said, "There are several schemes under Prime Minister's name. But today I announce a scheme under Parliament's name, 'Sansad Aadarsh Gram Yojna'. iii. The blue print of Sansad Aadarsh Gram Yojana will be declared before the nation on October 11, the birth anniversary of Jaiprakash Narain, he said. iv. Earlier, he also announced the 'Pradhan Mantri Jan Dhan Yojna' for farmers, under which the farmers will be given the insurance of one lakh rupees.
4. PM Modi inducts INS Kolkata, says it will boost our military prowess
i. Prime Minister Narendra Modi on Saturday commissioned INS Kolkata, India's largest indigenously built warship, at the Naval Dockyard in Mumbai. ii. It is an advanced version, but significantly more versatile, of the Delhi-Class ships – INS Delhi, INS Mysore and INS Mumbai – which will add considerable teeth to India's maritime warfare capabilities with all-round capabilities against enemy submarines, surface warships, anti-ship missiles and fighter aircraft. iii. Defence minister Arun Jaitley and chief of naval staff Admiral RK Dhowan were also present during the ceremony. iv. "INS Kolkata is entirely built in India and it is a symbol of self-reliance," said Modi while addressing the sailors at the commissioning ceremony. v. The warship, constructed by the Mazagon Dockyards Limited, has been designed by Navy's design bureau. The 6,800 tonne warship is a technology demonstrator and will showcase a giant leap in shipbuilding technology in the country.
Note: The Prime Minister had dedicated India's largest warship INS Vikramaditya to the nation in June in his first outing after taking charge.
5. Govt re-launches Varishtha Pension Bima Yojana i. The government has re-launched the Varishtha Pension Bima Yojana, for the benefit of citizens aged 60 years and above. ii. The scheme will provide financial security to almost half a million people by ensuring regular income during their advancing year. iii. After re-launching the scheme in New Delhi yesterday, Finance Minister Arun Jaitely said it will benefit the vulnerable section of society with limited resources as it will provide monthly pension ranging from 500 to 5,000 rupees per month to senior citizens of the country.
Note: The Scheme will be administrated by the Life Insurance Corporation, LIC.
6. Bhutan, Nepal two most peaceful countries in South Asian region: GPI i. Bhutan and Nepal are the two most peaceful countries in the South Asian region. ii. According to Global Peace Index, 2014 released recently Bhutan stands at 16th position and Nepal at 76th position. iii. Banghladesh is ahead of India, Pakistan and Afghanistan in terms of 'state of peace'. iv. While Bangladesh occupied 98th position, India was rated at 143, Pakistan 154, and Afghanistan at 161. v. The Global Peace Index is the world's leading measure of global peacefulness produced by the Institute for Economics and Peace, gauging domestic and international conflict, safety and security in 162 countries by using 22 indicators. vi. Sri Lanka has been rated at 105th position. Note: Iceland, Denmark and Austria were ranked first, second and third respectively. India was rated at 143.
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