Union Cabinet clears Ordinance to tackle Bad Loans

The Union Cabinet has cleared an ordinance that seeks to amend the Banking Regulation Act to give more powers to Reserve Bank of India to deal with non-performing assets (NPAs) in the banking sector. The ordinance has been sent to ..

Month: Current Affairs - May, 2017

Agni-II Ballistic Missile Test Fired Successfully

India has successfully carried out a fresh user trial of Agni-II ballistic missile from a defence test facility in the Abdul Kalam Island off the coast of Odisha. The objective of the test was to re-establish the operational effectiveness of ..

Month: Current Affairs - May, 2017

Swachh Sarvekshan-2017: Indore is the Cleanest City

Union Urban Development Minister M. Venkaiah Naidu has announced the Cleanest Cities in the Country and the fastest moving cities on sanitation ladder under Swachh Sarvekshan-2017. Indore has been adjudged as the cleanest city in India while Gonda in Uttar ..

Month: Current Affairs - May, 2017

Banganapalle Mango of Andhra Pradesh gets GI Tag

The Registrar of Geographical Indications Registry, Chennai, has accorded GI Tag for the much famed Banganapalle Mango of Andhra Pradesh. Henceforth, Andhra Pradesh government will be the registered proprietor of the GI tag for Banganapalle mangoes. GI Tag A GI ..

Month: Current Affairs - May, 2017

Union Cabinet Clears New National Steel Policy

The Union Cabinet has given its approval for National Steel Policy (NSP) 2017 to give impetus to the steel sector. The policy aims to enhance domestic steel consumption and transform Indian steel industry into a technologically advanced and globally competitive steel industry. ..

Month: Current Affairs - May, 2017

Vijayawada Airport becomes International Airport

The Union Cabinet has granted international airport status for the Vijayawada Airport. The approval was given as per provisions of Andhra Pradesh Reorganisation Act, 2014. The decision was taken as the airport is witnessing significant growth in passenger traffic and ..

Month: Current Affairs - May, 2017

Apple’s Cash Reserve worth 2/3rd of India’s Forex Reserve

Apple has reported over $256 billion in cash and marketable securities. In the previous year, Apple’s earnings report for the January-March quarter was $233 billion. According to the rating agencies, the cash reserve possessed by the company is more than Google, Microsoft and Amazon’s ..

Month: Current Affairs - May, 2017

China to Launch its Own Encyclopaedia as a Rival to Wikipedia

China plans to launch its own online encyclopaedia next year rivalling Wikipedia and Britain’s Encyclopaedia Britannica. The main objective of this project is to guide public thought. China fears that its citizens who use Wikipedia are being corrupted by foreign ..

Month: Current Affairs - May, 2017