Current Affairs – April, 2014

Latest Current Affairs April, 2014 with Current Affairs, news summary on current events of National and International importance of April, 2014 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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RBI liberalizes hedging limit for investors up to $250,000

RBI has liberalized hedging limit for domestic investors to $250,000 from $100,000 on the basis of a simple declaration without any prerequisite of further documentation.

RBI has now allowed all resident individuals, firms and companies, who have actual or anticipated foreign exchange exposures to book foreign exchange forward contracts up to $250,000 on the grounds of a mere declaration without any prerequisite of further documentation.

The RBI stated that the services being currently provided for SMEs (Small and Medium Enterprises) which are having an exposure to foreign exchange risk, shall remain unchanged.

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Justice G Rohini appointed as the first ever woman Chief Justice of the Delhi High Court

President Pranab Mukherjee cleared the nomination of Justice G Rohini (59), the most senior judge of the Andhra Pradesh high court, as the Chief Justice of the Delhi High Court. Prior to Justice Rohini’s appointment, the Delhi high court had a strength of 40, out of which 9 were women. She will be the 10th woman judge at the Delhi high court.

In February 2014, Collegium of Supreme Court of India, headed by Chief Justice of India P. Sathasivam nominated Justice Rohini as the Chief Justice of Delhi High Court. She will charge as the first woman chief justice of Delhi High Court, 47 years after the court was established in October 1966.

Justice G. Rohini is expected to stay for a period of 4 years if not elevated to the Supreme Court. At present, out of 29 judges in the Supreme Court, only 2 are women.

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