Important Current Affairs of 6th March 2016 for Competitive Exams.
1. SBI among 4 new foreign banks allowed to operate in Myanmar
1. The State Bank of India is among four new foreign banks given preliminary approval to open 100 per cent-owned branches in Myanmar, the latest move by the Southeast Asian nation to woo investment to the country long ruled by the military and hit by Western sanctions.
2. The four new banks that have been given initial approval by the Central Bank of Myanmar are Vietnam's Bank for Investment and Development, Taiwan's E.SUN Commercial Bank, South Korea's Shinhan Bank and the State Bank of India.
3. This is the second time Myanmar has allowed foreign banks to open 100-per cent-owned branches inside the country in more than five decades following permits to nine foreign banks in October last year to operate in the country.
4. In April last year, Japan's Tokyo-Mitsubishi UFJ became the first foreign bank in decades to open a branch in Myanmar.
2. Iran central banker visiting India over $6-billion oil dues
1. Iran is dispatching its Central Bank Vice Governor Gholamali Kamyab to India this month after the Persian Gulf nation's efforts to get nearly $6 billion of past oil dues from refiners like Essar Oil hit roadblock over differences over foreign exchange rate.
2. With US lifting sanctions, Iran wants its past oil dues to be cleared. But differences have now cropped up over foreign exchange rate, sources privy to the development said.
3. Iran sold oil to refiners like Essar Oil and Mangalore Refinery and Petrochemicals Ltd (MRPL) in US dollar per barrel. 45 per cent of the oil bill was paid in rupees in a UCO Bank account while the rest 55 per cent was to be cleared whenever banking channels open.
3. India wins two golds in World TT Team Championship
1. Indian men’s and women’s team scripted history by clinching the gold medals at the World Table Tennis Team Championship with superb victories over Luxemburg and Brazil respectively
2. Indian eves beat Luxemburg 3-1 in the event final of the Second Division, while their male counterparts overcame a stiff Brazil 3-2 here.