RBI asks ARCs to have a minimum net corpus of Rs100 crore by 2019

The Reserve Bank of India (RBI) has asked all the existing asset reconstruction companies (ARCs) to have a minimum net owned fund (NOF) of Rs100 crore by March 2019. This decision has been taken by RBI in accordance with its ..

Month: Current Affairs - May, 2017

Bhubaneswar: First Indian city to win Pierre L’enfant Awards-2017

Bhubaneswar has become the first Indian city to win Pierre L’enfant International Planning excellence award-2017 instituted by the American Planning Association (APA). Bhubaneswar has been chosen for its good and advanced town planning and engaging its residents in the planning ..

Month: Current Affairs - April, 2017

Five State Banks, Bharatiya Mahila Bank merge with SBI

Five associates and the Bharatiya Mahila Bank have officially merged with country’s largest lender State Bank of India (SBI). With this merger, SBI joins the league of top 50 banks globally in terms of assets. The five associate banks are: ..

Month: Current Affairs - April, 2017

Security forces cannot use excessive force in AFSPA areas: Supreme Court

The Supreme Court of India has ruled that army and paramilitary forces cannot use excessive and retaliatory force during counter-insurgency operations in disturbed areas declared disturbed under the Armed Forces (Special Powers) Act (AFSPA), 1958. The verdict was given by ..

Month: Current Affairs - July, 2016

G Kalyanakrishnan took over as Chief Executive of Nuclear Fuel Complex

Distinguished scientist G Kalyanakrishnan has taken charge as Chief Executive of Hydereabad based Nuclear Fuel Complex (NFC). He took over the charge in place of Dr N Saibaba, who had retired on completion of two years of extended period of ..

Month: Current Affairs - June, 2016

Capital Area Bank first to get small finance bank licence from RBI

Jalandhar based Capital Local Area Bank (CLAB) Limited became the first financial entity in India to get Small Financial Bank Licence by the Reserve Bank of India (RBI). CLAB ltd claims to be largest local bank in the country with total ..

Month: Current Affairs - March, 2016

Highlights of Union Budget 2016-17

Union Finance Minister Arun Jaitley presented Union Budget 2016-17 in the Parliament. It was the second full year Budget of the NDA government under leadership of Prime Minister of Narendra Modi and the third budget of Arun Jaitley as Finance ..

Month: Current Affairs - February, 2016

Oscar Awards: 88th Academy Awards

The 88th Academy Awards ceremony, presented by the Academy of Motion Picture Arts and Sciences (AMPAS) was held at the Dolby Theatre in Hollywood, Los Angeles. The Academy Awards (commonly referred as Oscars) were presented in twenty four categories.  They ..

Highlights of the Railway Budget 2016-17

Union Railway Minister Suresh Prabhu on 25 February 2016 presented the Railway Budget 2016-17 in the Parliament. This was the the second railway budget for Suresh Prabhu and third rail budget of the Prime Minister Narendra Modi-led NDA government. Below ..

Month: Current Affairs - February, 2016

16th edition of the International Indian Film Academy (IIFA)

16th edition of the International Indian Film Academy (IIFA) informally known as the “Bollywood Oscars,” was held in Malaysia. The award ceremony was held in Putra Indoor Stadium Kuala Lumpur, Malaysia. The 2015 IIFA Awards honoured the best films of ..

Month: Current Affairs - June, 2015