RBI tightens Rules for JLFs

The Reserve Bank of India (RBI) has tightened the rules around making the Joint Lenders’ Forum (JLF) more effective, directing banks not to break any rules and to meet all deadlines. The RBI has said that any breach of rules ..

Month: Current Affairs - May, 2017

Kashmir based Saqib Majeed has bagged 2016 Wisden-MCC Cricket 'Photograph of the Year' Award

Kashmir based freelance photographer has bagged prestigious 2016 Wisden-MCC (Melbourne Cricket Council) Cricket ‘Photograph of the Year’ for capturing a stunning image of boys playing cricket at the Nishat garden in the outskirts of Srinagar. With this Saqib Majeed has become ..

Month: Current Affairs - May, 2017

Assam declared as ‘Disturbed’ Area Under AFSPA for 3 More Months

The government has declared the entire Assam as a “disturbed” area under the Armed Forces (Special Powers) Act for another 3 months. As per the notification, the entire Assam besides bordering areas of Meghalaya has been declared as “Disturbed Areas”. ..

Month: Current Affairs - May, 2017

Forex Reserves Touch Life Time High of $372.73 billion

According to the Reserve Bank of India’s weekly statistical supplement, India’s foreign exchange (Forex) reserves have increased by $1.594 billion to touch a lifetime high of $372.73 billion in the week that ended on April 28. The increase was due ..

Month: Current Affairs - May, 2017

India launches South-Asia satellite

The “South Asia satellite” for use by countries of the South Asian Association for Regional Cooperation (SAARC) region has been launched on May 5. The Prime Minister Narendra Modi has hailed the satellite as an invaluable gift of India to South ..

Month: Current Affairs - May, 2017

Biggest Combing Operation in 15 years conducted in South Kashmir

The Army, security forces and police had launched a massive cordon and combing operation in south Kashmir’s Shopian district following the recent militant attacks on policemen and banking facilities. This is the first time in 15 years that the combing operation ..

Month: Current Affairs - May, 2017

Facebook Launches ‘Express Wi-Fi’ in India

Facebook has launched its “Express Wi-Fi” commercially in India and the service is now available via 700 hotspots across four states of Uttarakhand, Gujarat, Rajasthan and Meghalaya. Express Wi-Fi is a part of Facebook’s global initiative to expand internet connectivity. ..

Month: Current Affairs - May, 2017

India’s First Private Sector Small Arms Manufacturing Plant Inaugurated

India’s first private sector small arms manufacturing plant has been inaugurated in Madhya Pradesh to supply world class weapons to the armed forces in line with the India’s defence indigenisation programme. The plant is a joint venture between India’s Punj ..

Month: Current Affairs - May, 2017

Chiefs for Coffee and Tea Boards Appointed

The Appointments Committee of the Cabinet has approved the appointments of Prabhat Kamal Bezboruah and M S Boje Gowda as chairmen of the Tea Board and the Coffee Board, respectively. Prabhat Kamal Bezboruah is a leading tea association industrialist who ..

Month: Current Affairs - May, 2017

Draft Rules for No Fly List for Banning Unruly Passengers Unveiled

The government has released draft rules for a ‘no-fly list’ for banning unruly passengers. The Ministry of Civil Aviation had set up a committee to come up with the final draft of the new set of rules. The new rules ..

Month: Current Affairs - May, 2017