NATIONAL UPDATES:
1.
Vice Admiral Sunil Lanba to be next Navy chief: He
will take over on 31st of this month following the retirement of
Navy Chief Admiral R K Dhowan.
2.
President of India present Niryat Shree and Niryat Bandhu awards: The
total awards are 52 which include 46 Niryat Shree and 6 Niryat Bandhu Awards.
The Niryat Shree Awards accorded to exporters for their contribution in 12
categories. Niryat Bandhu Awards presented to Export Promotion Councils and
Banks for their support to the exporting community.
3. Projects worth Rs 2, 446 crore
approved under Namami Gange Programme: The total estimated
cost of the project is Rs 2446 crore and these projects have been carved to
improve the facilities of Ghats and crematoria for reduction of pollution load
into river Ganga.
4. Reliance Power to set up plant in
Bangladesh: It is all set to set up a power plant
in Bangladesh as it got the approval for the first phase of Reliance Power’s
Project. As per the approval, the company will set a 3,000 MW gas based power
plant.
5. Bhupendra Kainthola appointed as
Director of Film and Television Institute of India (FTII).
6. Swiss honour for Yash Chopra: Late
Director Yash Chopra, who captured the verdant Swiss valley in his films, has
been honoured with a special statue by the Switzerland Government.
INTERNATIONAL UPDATES:
1.
49th Annual Meeting of the Asian Development Bank started at
Frankfurt (Germany): The Indian Finance Minister Arun Jaitley
has also reached there to attend the ADB’s board of governors meet.
2.
European Central Bank (ECB) decided to end production and issuance of 500 euro
banknote: The issuance of the 500 euro banknote will be
stopped around the end of 2018, when the 100 euro and 200 euro banknote of the
Europa series are planned to be introduced.
3.
Researchers from the University of Montreal created a programmable DNA
thermometer that is 20,000 times smaller than human hair.
4.
Mexican Diplomat Patricia Espinosa selected as the next Executive Secretary of
United Nations Framework Convention on Climate Change (UNFCCC).
OTHER UPDATES:
FINANCE/BANKING:
1. Kotak Mahindra Bank opens IFSC
banking unit at GIFT City in Gandhinagar: IFSC is India’s
first and only financial centre.
2. IREDA may be converted into a Green
Bank: IREDA, the state run Indian Renewable Energy
Development Agency can be converted into a Green Bank to enable its access
funding from overseas banks. But this will be done without any alteration in
its basic structure.
3. Wilful defaulters owe Rs 66,000 crore
to government banks: The number of wilful defaulters of
Public Sector banks rose from 5554 to 7686 in three years to December 2015
while the amount involved more than doubled to Rs 66, 190 crore from Rs 27, 749
crore.
4. Corporation Bank gets MSME Award: Corporation
Bank has been awarded ‘excellence award on empowering MSME’s’ by the Federation
of Industry, Trade and Services (FITS). The MD & CEO of the bank is Jai
Kumar Garg.
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