Page 8 - General Awarenees-Digi Notes

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 Interpol brings in ‘Silver Notice’ to trace illicit

assets -

 Interpol has introduced a new system of international alert titled “Silver Notice”
to assist member countries in locating and seizing assets acquired through
criminal means.

 WPI inflation at -3.8 per cent, 12th straight

month in negative territory –

 WPI inflation in October was -3.8 per cent, compared with -4.5 per cent
in September, the 12th consecutive month in which WPI inflation was
negative.

 One of the statistical reasons for WPI inflation remaining negative for so
long is the high-base effect.
 Base Effect - The consequence of abnormally high or low levels
of inflation in a previous month distorting inflation numbers for the most
recent month.
 A base effect can make it difficult to accurately assess inflation levels
over time.

 ICICI Bank to sell 6% stake in life insurance arm

 ICICI Bank, the largest private sector lender, on Monday said it would sell 4
per cent stake in its life insurance arm.

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