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RBI to discontinue the Incremental Cash Reserve Ratio ( I-CRR ) in a phased manner

On August 10, the  Reserve Bank of India (RBI)asked banks to maintain an incremental Cash Reserve Ratio  (ICRR) of 10 per cent on the increase in their deposits between May 19 and July 28. With this policy comes into effect, banks will now have to park more liquid cash with the RBI. However, RBI clarified banks that this is a temporary measure and that the ICRR will be reviewed on September 8, 2023. If liquidity balance is restored by then, the RBI may return the funds back to the banks ahead of the festival season so that credit growth in the economy is not affected. In light of this,  RBI decided to discontinue the I-CRR in a phased manner as per press release No  2023-2024/886 dated  Sep 08, 2023. <<< About I-CRR RBI

Bharat becomes the 13th country in world that can issue Internationally Accepted OIML (International Organization of Legal Metrology) Certificates

OIML is an Intergovernmental organization which was established in 1955.  Bharat became it’s member in 1956. It has 63 Member States and 64 Corresponding Members.  Bharat has now become authority for issuing internationally accepted OIML certificate for selling weights & measures anywhere in the world.  To sell a weight or measure in the International market an OIML Pattern Approval certificate is mandatory, which Department of Consumer Affairs can issue now.  Bharat follows OIML recommendations and procedures of testing and calibration of weights and measures.  The reports prepared by the Legal Metrology’s Regional Reference Standards Laboratories are now acceptable to the OIML issuing authorities. Now, Bharat is an authority for issue of OIML pattern approval certificates and can act as support system for indigenous manufacturers.  The domestic manufacturers can now export their weighing and measuring instrument worldwide without incurring additional ...

RBI Assistant - 2023 Recruitment Notification Released

Age:  Candidates born not earlier than 02/09/1995 and not later than 01/09/2003 (both days inclusive) are only eligible to apply. Educational Qualification:  At least a Bachelor’s Degree in any discipline with a minimum of 50% marks (pass class for SC/ST/PwBD candidates) in the aggregate and the knowledge of word processing on PC. LAST DATE FOR SUBMISSION OF APPLICATIONS:  October 04, 2023 Visit RBI Website for More Information

Nipah virus

Relevance: Nipah Virus in Kerala - Indian Express Nipah virus infection in humans causes a range of clinical presentations, from asymptomatic infection (subclinical) to acute respiratory infection and fatal encephalitis. The case fatality rate is estimated at 40% to 75%. This rate can vary by outbreak depending on local capabilities for epidemiological surveillance and clinical management. Nipah virus can be transmitted to humans from animals (such as bats or pigs), or contaminated foods and can also be transmitted directly from human-to-human. Fruit bats of the Pteropodidae family are the natural host of Nipah virus. There is no treatment or vaccine available for either people or animals. The primary treatment for humans is supportive care. The 2018 annual review of the WHO R&D Blueprint list of priority diseases indicates that there is an urgent need for accelerated research and development for the Nipah virus. Nipah virus (NiV) is a zoonotic virus (it is transmitted from animals...

UPSC Engineering Service Examination - 2024 Notification Released

LAST DATE FOR SUBMISSION OF APPLICATIONS: 26.09.2023 Age Limits: (a)A candidate for this examination must have attained the age of 21 years and must not have attained the age of 30 years on the 1 st January, 2024 i.e., he/she must have been born not earlier than 2 nd January, 1994 and not later than 1 st January, 2003 Home Notification Link to Application