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RBI’s 22nd Financial Stability Report: Banks gross NPA may rise to 22 years high of 13.5% by September 2021
Report reflects an assessment of Sub-Committee of the Financial Stability and Development Council on risks to financial stability in country.CRAR of SCBs improved to 15.8% in Sep 2020 from 14.7% in March 2020;GNPA ratio declined to 7.5% from 8.4%
Did you Know
Under severe stress scenario,GNPA ratio may escalate to 14.8%
The first delegation-Level virtual Police Chiefs’ Dialogue held between the Police chiefs of India and Bangladesh
It was said ‘nodal points’ would be established for timely and effective handling and response to existing as well as emerging security and counter-terrorism challenges,
Did you Know
Bangladesh:
Capital:Dhaka;
Currency: Taka
Harsh Vardhan inaugurates first Grand Finale of Red Ribbon Quiz competition organized by the NACO and MoHFW
National and State AIDS control societies has been conducting quiz competitions to actively engage members of the Red Ribbon Clubs(RRCs) in disseminating the information related to HIV/AIDS, adolescent health, mental health etc The finals was inaugurated.
Did you Know
NACO has established 12500 RRCs.
Tesla sets up India subsidiary in Bengaluru,names 3 directors ahead of India launch
Tesla incorporated its Indian subsidiary “Tesla India Motors and Energy Private Ltd” in Bengaluru. Vaibhav Taneja,Venkatrangam Sreeram, and David Jon Feinstein are directors of the new entity.Its authorized share capital is INR 15.00 lakh.
Did you Know
Tesla:
CEO: Elon Musk;
HQ: Palo Alto,California,USA.
Karnataka Vikas Grameena Bank(KVGB) inks pact with Jai Kisan, a rural fintech platform
Bank intends to extend its services to small and
micro enterprises (SME), joint liability groups (JLG), self-help groups(SHG), and to farmers through Kisan Credit Card (KCC) and credit for
farm mechanisation efforts through its partnership with Jai Kisan.
Did you Know
KVGB:
Chairman:P.Gopikrishna;
HQ: Dharwad,Karnataka.
Financial Software and Systems(FSS) and India Post Payments Bank join hands to promote financial inclusion
IPPB will use FSS’ Aadhaar Enabled Payment System (AePS) & serve all customer segments, including nearly 410 million Jan Dhan account holders.IPPB has now become single largest platform for providing interoperable banking services to customers of any bank.
Did you Know
FSS:
HQ: Chennai;
CMD: Nagaraj Mylandla
A new species of fruit fly named after Siruvani, a biodiversity hotspot in Western Ghats
The fruit fly ‘Euphranta siruvani’ belonging to family Tephritidae was identified by researchers from a non-forest area near Siruvani.104 known species from genus Euphranta are distributed across the world, of which 14 are found in India.
Did you Know
It has a distinct V-shaped black band on its forewing.
Mahindra Lifespace Developers ties up with SBI for faster home loan approvals, discounts
As per the MoU which includes various co-promotional activities & outreach initiatives, customers and employees of SBI and Mahindra Lifespaces will be able to avail the benefits of faster home loan processing and approvals, and special discounts & schemes.
Did you Know
SBI Chairman:Dinesh Kumar Khara
Defence Secretary Dr Ajay Kumar co-chairs 13th India-Vietnam Defence Security Dialogue with Vietnamese counterpart
Both the sides reviewed the progress on various bilateral defence cooperation initiatives and expressed commitment to further elevate engagements between the Armed Forces under the framework of the Comprehensive Strategic Partnership.
Did you Know
Vietnam:
Capital: Hanoi;
Currency: Vietnamese dong
Flipkart, NITI Aayog collaborate to enhance Women Entrepreneurship Platform(WEP)
WEP is a unified access portal bringing together women to realise their entrepreneurial aspirations.New version will include mentorship through a dedicated online mechanism facilitated under FICCI-FLO’s Empowering the Greater 50% mission.
Did you Know
The platform was formally launched on 8 March 2018.
Manipur becomes the 4th State to complete urban local bodies reforms; Additional borrowing permission of Rs.75 crore issued
Manipur has now joined 3 other States namely, Andhra Pradesh, Madhya Pradesh and Telangana, who have completed this reform. On completion of Urban Local Bodies reform, these four States have been granted additional borrowing permission of Rs.7,481 crore.
Did you Know
Reforms stipulated by Department of Expenditure,Finance Ministry
World’s Most Powerful Passports 2021 List: Japan tops the list, India On No. 85, Pakistan in Worst Category.
Indian ranks at 85 with a score of 58 as per Henley Passport Index.Pakistan & Nepal have a visa-free score of 32 & 38.Index is original ranking of all world’s passports according to the number of destinations their holders can access without prior visa.
Did you Know
Japan has 191 score & Singapore 190.
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Did you Know
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CBDT launches e-portal for filing complaints about tax evasion, ‘benami’ properties and undisclosed assets overseas.
After an OTP-based validation process,complaints can be made for violations of Income-Tax Act, Black Money (Undisclosed Foreign Assets and Income) Imposition of Tax Act and Prevention of Benami Transactions Act in three separate forms.
Did you Know
CBDT chairman Pramod Chandra Mody
Kyrgyzstan election: Sadyr Japarov wins presidency with landslide
The Central Election Commission said Mr Japarov had won 79% of votes cast.He was serving as acting prime minister of Kyrgyzstan in the interim government following the resignation of Sooronbay Jeenbekov amidst electoral protests.
Did you Know
Kyrgyzstan:
Capital: Bishkek;
Currency: Kyrgyzstani som
RS Sharma, former Trai chief, to head empowered panel for Covid-19 vaccine
A ten member team has been constituted to be headed by Sharma. Top health ministry and UIDAI officials are part of the empowered committee.He is also included as member of the National Expert Group on Vaccine Administration of Covid-19.
Did you Know
National Expert Group formed in August 2020 & headed by VK Paul.
North East Cane & Bamboo Development Council (NECBDC) sign MoU with J&K on Bamboo Entrepreneurship & Infrastructure Development.
J&K govt to set up 3 bamboo clusters in Jammu,Katra & Samba districts with the aim of generating employment for 25,000 people.Focus would be on bamboo basketry, agarbatti and bamboo charcoal.Mega Bamboo Industrial Park&Technology Training Centre to come up
Did you Know
India is world’s 2nd largest cultivator of bamboo after China.
Digital Evolution Scorecard 2020: India ranks 4th in ‘Break Out Economies’,China No.1
Break Out Economies are those that are digitalising very quickly &yet have a lot of room to grow before matching those in the developed economies.Mobile Internet access has been a strong driver of momentum with India doubling its connectivity in last 4 yrs
Did you Know
Scorecard by Tufts University’s Fletcher School with Mastercard
Bhubaneswar AIIMS Receives Kayakalp Award For Third Time
AIIMS Bhubaneswar adjudged as best central government hospital under B category(less than 1000 beds)and will get an award of Rs 2 crore.Awards promote cleanliness, hygiene and infection-control practices in public health-care facilities.
Did you Know
Award was instituted on May 15,2015.
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