Banking Awareness 05th January 2017 | Financial Affairs 05th January 2017

HDFC Bank cuts lending rate by up to 0.90%

RBI had introduced MCLR system.

Country’s second biggest private sector lender HDFC Bank today cut its benchmark lending rate by up to 0.90 per cent, joining over a dozen banks and housing finance companies that have slashed rates in last few days

HDFC

Country’s second biggest private sector lender.

Tailor more products to Indian needs: Ravi Shankar Prasad to Sundar Pichai

Prasad highlighted areas including cyber security

Terming Google “as much an Indian company as American”, IT Minister Ravi Shankar Prasad said it needs to play a larger role in the domestic market by tailoring its products and working more on cyber security.

Pichai Sundararajan

Chief Executive Officer (CEO) of Google Inc.

India-US defence relationship is on excellent path: Pentagon

Indo-US defence relationship is on an “excellent path”

The Indo-US defence relationship is on an “excellent path” and will continue to be so in the next administration and beyond, the Pentagon has said, days ahead of President-elect Donald Trump’s inauguration.

Donald Trump

To take office as the 45th President on January 20, 2017.

Isro to launch record 103 satellites in one go in February

which will be launched using a PSLV-C37

ISRO will launch a record 103 satellites in one go using its workhorse PSLV-C37 in the first week of February, while Prime Minister Narendra Modi’s pet South Asian satellite project will take off in March.

103 satellite

Launch using PSLV (Polar Satellite Launch Vehicle)- C37.

SC asks Karnataka to release 2,000 cusecs of water per day to TN

Hearings would go on for three weeks at 2 pm daily

The Supreme Court on Wednesday announced to continue the hearing of the Cauvery water issue on February 7.

A bench of the Supreme Court extended the interim order in the water issue, directing Karnataka to release 2,000 cusecs of Cauvery water per day to Tamil Nadu.

2000 cusecs

To release Cauvery water per day to Tamil Nadu.

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