Country & Capital & Currency

JORDAN

Capital : Amman

Currency : Jordanian Dinar

King : Abdullah II of Jordan

Prime minister : Abdullah Ensour

Language : Arabic

Central Bank : Central Bank of Jordan

GK Daily - 4/2/2015

1) Japanese delegates visit Nanguneri Multiproduct SEZ

• Japanese delegates led by Hiroaki Takayama, Mizuho bank limited visited Nanguneri Multiproduct Special Economic zone(SEZ).

2) 6th Bi-Monetary Policy Released 

• Repo Rate - 7.75%
• Reverse Repo Rate - 6.75%
• Marginal Standing Facility (MSF) - 8.75%
• Bank Rate - 8.75%
• Cash Reserve Ratio (CRR)- 4%
• Statutory Liquidity Ratio (SLR) - 21.5% [RBI has reduced 50 Base Points from 22 to 21.5)

Key Points

• 72 Applicants for Small banks and 41 Applicants for Payment banks
• FII can invest in Corp Bonds with 3 years Maturity.
• RBI raised cap on Forex with LRS (Liberalized Remittance Scheme) to $250000 per person
• Inflation Expected - 6% by Jan 2016.
• 2014 GDP - 5.5%
• GDP 2015-16 Expectation - 6.5%

3) Indian Shortlisted for US prestigious Hayek Prize 

• Journalist - Writer Hindol Sengupta's book "Recasting India : how entrepreneurship is revolutionizing the worlds largest democracy" is among six books shortlisted for Hayek Prize.

Country & Currency & Capital

United Arab Emirates (UAE)

Capital : Abu Dhabi

Currency : Dirham

King : Sheikh Khalifa

Prime Minister : Mohammad Bin Rashid Al Maktoum

Language : Arabic

National Anthem : Ishy Bilady

Central Bank : Central Bank of United Arab Emirate

Country & Capital & Currency

TAIWAN

Capital : Taipei

Currency : New Taiwan Doller

President : Ma Ying-jeou


Language : Standard Mandarin

Central Bank : Central Bank of republic of China

Stock Exchange & Index : Taiwan Stock exchange & Taiwan Weighted (TAIEX)

Banking Term of the Day

Commercial Banking:
            Commercial banks are profit oriented Banks. Commercial Banking means managing withdrawals and deposits as well as  supplying short term loans to individuals and small business. consumers primarily use these banks for basic checking and saving accounts, Certificate of deposit (COD) and sometimes for home Mortgages.

Types of Commercial Banks

1. Scheduled Commercial banks 
2. Non-Scheduled Commercial banks

Only Scheduled Commercial Banks were in India.