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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
Andhra Pradesh CM Chandrababu Naidu selected for USIBC Award
The US-India Business Council (USIBC) has selected Andhra Pradesh Chief Minister, Chandrababu Naidu for the ‘Transformative Chief Minister Award’ for his role in advancing the US-India partnership at the state level. The award will be presented to him at the ..
Month: Current Affairs - May, 2017
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 ..