FM Arun Jaitley introduces bill to amend Banking Regulation Act
- The new bill which has to be passed by the RBI fot the companies of the all the bank for its budget and the assets that has been going to reprasent in the Lok Sabha by Finance Minister Arun Jaitley.
- Trinamool Congress member Sougata Ray said, “It is the same RBI which had not been able to count notes (since demonetisation). Giving such powers to RBI will detract it from macro-economic to micro-economic issues and render the bank management useless,”
- “Stressed assets in the banking system have reached unacceptably high levels and hence, urgent measures are required for their speedy resolution…Therefore, it was considered necessary to make provisions in the Banking Regulation Act, 1949 for authorizing the Reserve Bank of India to issue directions to any banking company or banking companies to effectively use the provisions of the Insolvency and Bankruptcy Code, 2016 for timely resolution of stressed assets,” Jaitley said in a statement of intent, which is a part of the bill.
- “The turnaround should happen in such a manner that it is acceptable to all stakeholders (especially those banks who have large exposure),” said Karthik Srinivasan, group head of financial sector ratings at Icra.
- The Ministry of Finance is an important ministry within the Government of India concerned with the economy of India, serving as the Indian Treasury Department
- Formed: 29 October 1946
- Jurisdiction: Government of India
- Headquarters: North Block, Cabinet Secretariat, Raisina Hill, New Delhi – 110 001
- Cabinet minister: Arun Jaitley
- Minister of state: Santosh Gangwar, Arjun Ram Meghwal
- Programs: Pradhan Mantri Jan Dhan Yojana
Arun Jaitley inaugurates 315th Sainik Rest House in New Delhi
- On Sunday, the Defence Minister of India, Arun Jaitley had inaugarates the 315th Sainik Rest House of the Kendriya Sainik Board (KSB) that was the mainly for the provide the facility to the former servicemen.
- “The KSB will be able to expand on these in the years to come so that such facilities become an integral part of facilities for ex-servicemen,” Jaitley said. He praised the armed forces for upkeep of the facilities. “The facilities which have been created are extremely hygienic and very liveable.”
- Defence Minister said, “The armed forces have a tradition of maintaining their properties and preserving them well. And I am sure that the kind of modest charges which have been fixed, will be of a great assistance and value to all ex-servicemen.”
- Chief of the Army Staff General Bipin Rawat, Chief of the Air Staff Air Chief Marshal B.S. Dhanoa, Secretary (Ex-Servicemen Welfare) Prabhu Dayal Meena, Secretary (KSB) Brigadier M.H. Rizvi, senior officials of armed forces and from the Ministry of Defence had attend this event.
- The Ministry of Defence is charged with co-ordinating and supervising all agencies and functions of the government relating directly to national security and the Indian armed forces
- Formed: 1776
- Jurisdiction: India
- Headquarters: South Block, Cabinet Secretariat, Raisina Hill, New Delhi, 110 011
- Cabinet minister: Arun Jaitley
- Minister of state: Subhash Bhamre
- Departments: Department of Ex-Servicemen Welfare,
- Annual budget: ₹2.74 lakh crore (US$43 billion) (2017)
Kerala host literary fest with “Tolerance” as theme
- The time of the debating of the range of the ofr being the witness of the nation and the creative of the sanctuary, Kerala is getting ready to host a literary festival with tolerance as the core theme.
- In this event there is the creative writers, journalists, theatre and film personalities will shows their performance in the resistance of the fifth edition of South India Writers Ensemble (SIWE), that is going to oreganise in the Chengannur, which is lower villege at the coastal Alappuza district, from July 24.
- It is present the statement of the Malayalam writer and director of the festival T R Rajeevan said every language has its own style of expression and the objective of SIWE is to explore the power of language and literature through the gathering of writers.
- “Being a part of human sensibility, tolerance is an age old, much cliched subject. But, in the present socio-political scenario, there is a need to discuss and ponder upon this topic. It is time to observe and acknowledge the changing perspectives,” the writer said.
- Kerala, a state on India’s tropical Malabar Coast, has nearly 600km of Arabian Sea shoreline
- It’s known for its palm-lined beaches and backwaters, a network of canals
- Inland are the Western Ghats, mountains whose slopes support tea, coffee and spice plantations as well as wildlife
- National parks like Eravikulam and Periyar, plus Wayanad and other sanctuaries, are home to elephants, langur monkeys and tigers
- Capital: Thiruvananthapuram
- Districts: 14
- Population: 34.8 million (2012)
- Colleges and Universities: University of Calicut,
World’s 1st floating wind farm starts to take shape off coast of Scotland
- By the new and the latest technology that are being invented that will generate the the conventional energy from the bottom of the water surface and produce the current conventional bottom-standing turbines. The Peterhead wind farm, known as Hywind, is a trial which will bring power to 20,000 homes.
- “This is a tech development project to ensure it’s working in open sea conditions. It’s a game-changer for floating wind power and we are sure it will help bring costs down,” said Leif Delp, project director for Hywind.
- In the last moth the worker of this project has been taken the maximum of the 15 miles (25km) off Peterhead, Aberdeenshire, where they’ll float upright like giant fishing floats. “I think eventually we will see floating wind farms compete without subsidy – but to do that we need to get building at scale,” said Mr Delp.
- The Hywind is started as the project and developed at the Abu Dhabi firm Masdar. The £190m cost was subsidised by bill-payers under the UK government’s Renewable Obligation Certificates.
- Scotland, the U.K.’s northernmost country, is a land of mountain wildernesses such as the Cairngorms and Northwest Highlands, interspersed with glacial glens (valleys) and lochs (lakes)
- Its major cities are Edinburgh, the capital, with its iconic hilltop castle, and Glasgow, famed for its vibrant cultural scene
- Scotland is also famous for golf, the game first played at the Old Course at St Andrews in the 1400s
- Capital: Edinburgh
- National animal: Unicorn
- Currency: Pound sterling
Iran and Iraq sign accord to boost military cooperation
- Iran and Iraq has signed an agreement for the regration of the step up military cooperation and the fight against “terrorism and extremism”, it is said by the report of the media of the Iran and there can be the conflict at the Washington.
- “Extending cooperation and exchanging experiences in fighting terrorism and extremism, border security, and educational, logistical, technical and military support are among the provisions of this memorandum,” IRNA reported after the signing of the accord in Tehran.
- Iran-Iraq has been itroduced their ties at from the Iran’s long-time enemy Saddam Hussein was toppled in 2003 and an Iraqi government led by Shi’ite Muslims came to power. Iran is mostly a Shi’ite nation.
- Earlier this month, Trump said that new threats were emerging from “rogue regimes like North Korea, Iran and Syria and the governments that finance and support them”.
- Iran is an Islamic republic on the Persian (Arabian) Gulf with historical sites dating to the Persian Empire
- Extensive marble ruins mark Persepolis, the empire’s capital founded by Darius I in the 6th century B.C.
- The modern capital, Tehran, is home to opulent Golestan Palace, seat of the Qajar Dynasty (1794–1925), plus modern landmarks such as the 435m-high Milad Tower.
- Capital: Tehran
- Currency: Iranian rial
- President: Hassan Rouhani
- Supreme leader: Ali Khamenei
- Official language: Persian
The Latest: McCain to come back to Senate Tuesday
- John McCain, has been suffering from the brain cancer, whcih is the happen in the recent, that will make a dramatic return to the Senate Tuesday to cast a critical vote on health care legislation.
- “Senator McCain looks forward to returning to the United States Senate tomorrow to continue working on important legislation, including health care reform, the National Defense Authorization Act, and new sanctions on Russia, Iran and North Korea,” his office said in a statement.
- “They run out and say, ‘Death, death, death,'” Trump said, with a backdrop of families that he said have encountered problems getting affordable, reliable medical coverage because of Obama’s statute. “Well, Obamacare is death. That’s the one that’s death.”
- In the leadership of the latest senator that has been taken in the polls of the 2015, but President Donald Trump made it clear he preferred senators find a path forward on simultaneously repealing and replacing Obamacare instead.
BANKING & FINANCE
IMF keeps India’s growth forecast at 7.2% for 2017-18
- India has been come ahead from the China in growth sweepstakes in 2017 as well as 2018, it is said by the International Monetary Fund (IMF) while retaining the country’s GDP forecast at 7.2% for the current fiscal.
- Growth in India, the multilateral agency said, is forecast “to pick up further in 2017 and 2018, in line with the April 2017 forecast. While activity slowed following the currency exchange initiative, growth for 2016 at 7.1 % was higher than anticipated due to strong government spending and data revisions that show stronger momentum in the first part of the year.”
- “While risks around the global growth forecast appear broadly balanced in the near term, they remain skewed to the downside over the medium term. On the upside, the cyclical rebound could be stronger and more sustained in Europe, where political risk has diminished. On the downside, rich market valuations and very low volatility in an environment of high policy uncertainty raise the likelihood of a market correction, which could dampen growth and confidence,” IMF said.
- “Together with strong domestic policies, it will also help avoid a broad withdrawal from multilateralism, either through widespread protectionism or a competitive race to the bottom in financial and regulatory oversight, which would leave all countries worse off,” said the outlook.
- The International Monetary Fund is an international organization headquartered in Washington, D.C., of “189 countries working to foster global monetary cooperation, secure financial stability
- Headquarters: Washington, D.C., United States
- CEO: Christine Lagarde (5 Jul 2011–)
- Founded: 27 December 1945, Bretton Woods, New Hampshire, United States
- Formation: 7 July 1944
- Founders: John Maynard Keynes, Harry Dexter White
- Parent organization: United Nations
AAI, Uttarakhand Govt ink MoU on aviation development
- To take the responsibility of the taking the section of the nation for the creating, upgrading, maintaining and managing civil aviation infrastructure in the country, Airports Authority of India (AAI), has signed an MoU with Government of Uttarakhand on 21st July, 2017 and joined hands with Uttarakhand Civil Aviation Development Authority (UCADA).
- Chief Secretary S Ramaswamy, representing Uttarakhand government, said, “Uttarakhand is determined to fulfil the long-pending requirement of operational airports within the state. These airports would also be part of the Regional Connectivity Scheme and will boost tourism and air connectivity for the local public,”
- “No company came forward to start operations from the three airstrips and we will float tenders again through Government of India,” R Rajesh Kumar, additional secretary, civil aviation, told n the report of the media.
- “The Congress government started flights to Pithoragarh for which permission is sought every day. They planned to use only the government aircraft, which means no business and loss of revenue. It was simply a strategy to influence assembly elections,” Pant told in the report of the media.
- The Airports Authority of India or AAI under the Ministry of Civil Aviation is responsible for creating, upgrading, maintaining and managing civil aviation infrastructure in India
- Headquarters: New Delhi
- Founded: 1 April 1995
- Motto: Service with Security
- Number of employees: 22,000
Science and Technology
Govt launches ‘SHe-Box’ portal for Sexual harassment
- Now the women employees of the central government can get the direct complain for the sexual harrasment at the place of the working. For this on Monday, the Women and Child Development (WCD) Minister Maneka Gandhi launched a web portal, ‘SHe-Box’ for this, saying its scope will soon be widened to enable women employees in private sector as well.
- Women and Child Development (WCD) Minister Maneka Gandhi said, “To begin with, central government women employees can file complaints (at the portal). But, we are going to widen the ambit to include the private sector as well. We just need to make a few changes in our online interface. Once it is done, employees from private companies will also be able to lodge complaints,”
- “There are some surveys, which give the extent of sexual harassment of women at the workplace. However, the WCD ministry will carry out a national-level survey to assess and understand the magnitude of the problem,” Maneka said, after launching the portal.
- Maneka has said to his opinion of the listner to change the “interactive” as possible. “The portal should offer a list of follow-up details so that the employee gets to know the exact status of the complaint,” she told the officials.
- Headquarters- Ministry of Women and Child Development, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi
- Minister responsible- Maneka Gandhi, Ministry of Women and Child Development
Indian team won 5 medals at World Para Athletics Championships 2017, London
- India has finished its World Para Athletics Championship campaign by winning the five medals, including gold, on Sunday. India won a silver and a bronze in the men’s T-42 category high jump event by the jumper Sharad Kumar and Varun Singh Bhati respectively.
- Kumar has covered the total height of the 1.84m to win the silver ahead of Bhati who had a best effort of 1.77m, last night. The gold medal in the event was won by United States’ Sam Grewe, who cleared a height of 1.86m.
- Bhati had won a bronze in the 2016 Rio Paralympics. India collected five medals with a gold, two silver and two bronze medals to finish outside top-30 in the medal standings.
- London, the capital of England and the United Kingdom, is a 21st-century city with history stretching back to Roman times
- At its centre stand the imposing Houses of Parliament, the iconic ‘Big Ben’ clock tower and Westminster Abbey, site of British monarch coronations
- Across the Thames River, the London Eye observation wheel provides panoramic views of the South Bank cultural complex, and the entire city.
- Area: 1,572 km²
- Local time: Tuesday 5:50 AM
AWARDS & RECOGNITION
Lokmat Parliamentary Awards 2017 honours distinguished LS and RS members of India
Likmat institute has taken the major step for the giving the awards to the Lok Sabha and Rajya Sabha members for their achievements by introducing the Lokmat Parliamentary Awards 2017.
Lokmat Parliamentary Awards Winners of each Category
Lok Sabha –
- Lifetime Achievement Award – LK Advani, Hon’ble Former Dy PM & MP, Lok Sabha
- Best Parliamentarian Award 2016 – NK Premachandran, Hon’ble MP & Leader, RSP, Lok Sabha
- Best Woman Parliamentarian Award 2016 – Kumari Sushmita Dev, Hon’ble MP, Lok Sabha,
- Best Debut Woman Parliamentarian Award 2016 – Meenakshi Lekhi, Hon’ble MP Lok Sabha & National Spokesperson, BJP
- Lifetime Achievement Award – Sharad Yadav, Hon’ble Leader, Janata Dal, MP, Rajya Sabha
- Best Parliamentarian Award 2016 – Sitaram Yechury, Hon’ble Leader, CPM, MP, Rajya Sabha
- Best Woman Parliamentarian Award 2016 – Jaya Bachchan, Samajwadi Party, MP, Rajya Sabha
- Best Debut Woman Parliamentarian Award 2016 – Rajani Patil, Hon’ble MP, Rajya Sabha
An eminent panel of Jury members included-
- Chairman of Jury – Shivraj Patil – Former Speaker of Lok Sabha and Former Union Minister of for Home Affairs
- Dr Murli Manohar Joshi – Former HRD Minister & Member of Parliament, Lok Sabha
- Mallikarjun Kharge – Leader of Congress Party in Lok Sabha
- Sitaram Yechury – Leader, CPM Parliamentary Party and Member of Parliament, Rajya Sabha
- Sharad Yadav – Leader JD (U)Parliamentary Party and Member of Parliament, Rajya Sabha
- Dr Subhash Kashyap – Former Secretary General, Lok Sabha
- Rajat Sharma, Chairman & Editor in Chief, India TV
- Rajdeep Sardesai- Senior and popular TV journalist
- Vijay Darda, Former MP (Rajya Sabha) & Chairman Lokmat Media Group
- Harish Gupta – Member Secretary, National Editor, Lokmat Media Group
Chief Guest, M Hamid Ansari Hon’ble Vice President of India, said, “A parliamentarian first and foremost must believe in democracy and should be a bridge between overarching national interests and local dynamics and interests. An effective communicator using right words is another virtue one must possess as a parliamentarian. Parliamentarians must bring highest possible clarity and civility in their discourse. Parliamentarians we honored today all possess these qualities in good measure. Lokmat, a leading media house having organized this it augurs well for future of democracy in this country. I felicitate all award winners and wish them many more years of public service.”
Former HP Chief Secy Sudripta Roy passes away
- Former Himachal Pradesh chief secretary Sudripta Roy has been died at the age of 63 year because of the illness. Chief secretary Sudripta Roy, was the 1978 batch IAS officer, he has been posted there from 2012 to 2014.
- In the regard of his death, Chief Minister Virbhadra Singh said Roy was an efficient bureaucrat and served the state in various important capacities.
- Valuable services rendered by Roy to the state would be remembered for a long time, he said.
- The chief minister has told and expressed his openion in regard of him and told that he is brave person in his family. Himachal Pradesh Chief Secretary V C Pharka said he was shocked to hear the news.
- He said Roy was a “great personality” who would always inspire others to work hard with utmost dedication.
- Himachal Pradesh is a northern Indian state in the Himalayas
- It’s home to scenic mountain towns and resorts such as Dalhousie
- Host to the Dalai Lama, Himachal Pradesh has a strong Tibetan presence
- This is reflected in its Buddhist temples and monasteries, as well as its vibrant Tibetan New Year celebrations
- The region is also well known for its trekking, climbing and skiing areas
- Capital: Shimla
- Chief minister: Virbhadra Singh
- Language: Hindi
Kargil Victory Day or Kargil Vijay Diwas
- Kargil Vijay Diwas, get the name after the successful mission of the name Vijay. On the day of the 26 July 1999, India has amazingly won the and spread his command in at the traders of the place against the Pakistani intruders.
- The Kargil war was held more than the 60 days, and has been ended on 26 July and in that there were the many of the life has get lost from the both of the countries, India and Pakistan and with the India regain possessions of Kargil Kargil Vijay Diwas is celebrated on 26 July every year in honour of the Kargil War’s Heroes.
- This kargil diwas is majorly celebrated in the region of the in the Kargil, Dras sector and the national capital New Delhi, at there the Prime Minister of India, set the respect for the soldiers at Amar Jawan Jyoti at India Gate every year.
- Observed by- India
- Date- 26 July
- Next time – 26 July 2018
- Frequency- Annual