STUDY NOTES FOR ALL COMPETITIVE EXAM
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IMPORTANT HEADLINES
1) The famous Chameli Devi Jain Award, given to 9) Gary Oldman, for essaying former British Prime women journalists for special contribution, will Minister Winston Churchill in "Darkest Hour", be given to the TV journalist Uma Sudhir this and Frances Mc Dormand for her role as a year. grieving mother in "Three Billboards outside 2) India's exposure to US government securities Ebbing, Missouri", won the best actor and best rose sharply to a high of USD 411.7 billion at actress in a leading role categories at the 01th the end of 7147, according to latest official data. Academy Awards. The country remained the 47th largest overseas 10) James Ivory has won the Oscar for best adapted holder of such securities. screenplay at the 01th Academy awards for his 3) Roger Bannister, the first man to run a mile in work on the film “Call Me By Your Name”. At under four minutes, died. He was 88. 80, Ivory is the oldest ever winner of an Academy award. 4) Union Minister of Food Processing Industries, Harsimrat Kaur Badal, inaugurated the first 11) The Indian media and entertainment sector Mega Food Park of Maharashtra 'Satara Mega revenues reached $77.7 billion in 7147, and are Food Park Pvt. Ltd.' at Degaon, Satara. expected to cross $34 billion by 7171, at a 5) The Union Cabinet has approved the signing of compound annual growth rate (CAGR) of 44.6 per cent a Memorandum of Understanding (MoU) between India and Jordan on Cooperation in the 12) National People's Party (NPP) President Conrad Field of Manpower. Sangma will be the new chief minister of Meghalaya. 6) India, Bangladesh and Russia have signed tripartite memorandum of understanding (MoU) 13) China announced an 8.4 per cent increase of its for cooperation in construction of Rooppur defence expenditure in 7148 amounting to USD nuclear power plant near Dhaka, Bangladesh. 471 billion, which is over three times higher 7) Sri Lankan Golfer, Mithun Perera won the than India's defence budget. China last year Chennai Open 7148 Golf Championship. increased the defence budget to USD 411.1 billion. China is the second largest spender on 8) Indian shooter Shahzar Rizvi clinched the gold defence after the US. medal with a world record score in a memorable maiden ISSF World Cup appearance, while Jitu Rai and Mehuli Ghosh bagged a bronze each.
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14) Italy's tennis player Fabio Fognini won the 23) The Reserve Bank of India (RBI) has imposed a Brazil Open title by defeating Nicholas Jerry by penalty of Rs3 crore on Axis Bank for violation 4-6, 6-4, 6- of non-performing asset (NPA) classification 15) Manu Bhaker clinched a gold medal in the norms, and Rs7 crore on Indian Overseas Bank women's 41m Air Pistol event while Ravi (IOB) for not complying with the know your Kumar bagged a bronze at the ISSF World Cup customer (KYC) regulations. in Guadalajara, Mexico. 24) Legendary batsman Sunil Gavaskar has been 16) Switzerland's Roger Federer remained at the named as the Commissioner of the inaugural number one spot with 41,161 points, exactly edition of the T71 Mumbai League. Six teams 611 points ahead of World No.7 Rafael Nadal of will participate in this league and all the matches Spain, in the men's Association of Tennis will be held at the Wankhede Stadium from Professionals world singles rankings. March 44-7 17) Simona Halep of Romania leads the Women's 25) 46 year old Manu Bhaker won her second Tennis Association rankings ahead of successive gold medal in a mixed team event in Denmark's Caroline Wozniacki. the ongoing ISSF World Cup in Guadalajara, 18) Conrad Sangma sworn in as the 47th chief Mexico. minister of Meghalaya. 26) India's first helicopter taxi service has been 19) Biplab Kumar Deb will be the next chief launched in Bengaluru to fly passengers from minister of Tripura. Tripura BJP president and Kempegowda International Airport to Bengaluru. newly-elected MLA Biplab was unanimously elected leader of the BJP legislature party in the 27) National Skill Development Corporation state. (NSDC) has entered into an agreement with a non-profit organization, People of Indian Origin 20) According to a report by CRISIL, the India's economic growth rate will grow up to 7.1 per Chamber of Commerce and Industry (PIOCCI) in an effort to promote Skill India Mission. cent in fiscal year 7148-4
21) Veteran Bollywood actress 'Shammi Aunty' 28) According to a report by Kotak Economic died. She was 8 Research, The Indian economy is likely to recover gradually to 7.4 per cent in 7148-40 22) The Union Minister for Information & financial year. Broadcasting and Textiles, Smriti Zubin Irani
inaugurated a three-day Global convention on 29) Delhi's Indira Gandhi International Airport has Indian Media & Entertainment Industry 'FICCI been rated as the world number one among Frames 7148' in Mumbai. airports handling more than 11 million
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passengers per annum in a survey by the 38) Former Australia Test opener Ed Cowan Airports Council International (ACI). announced his retirement from professional 30) Nagaland's Governor P.B. Acharya has cricket. appointed NDPP leader Neiphiu Rio as the new 39) Naveen Patnaik has launched the ‘Ama Gaon, chief minister of the state. He will sworn in on Ama Bikas’ (Our village, Our development) 8th March. programme. 31) Amazon’s founder and CEO Jeff Bezos has 40) NITI Aayog has launched the Women topped Forbes’s 7148‘World’s Billionaires’ Entrepreneurship Platform (WEP) on list. International Women’s Day. Women 32) Iraq has overtaken Saudi Arabia to become Entrepreneurship Platform (WEP) would India’s top crude oil exporter by supplying 38.0 provide a vibrant entrepreneurial ecosystem million tonnes (MT) crude oil in the current where women do not face any gender-based financial year. barriers. 33) Minister for Road Transport & Highways, 41) India's senior architect, Balkrishna Doshi has Shipping, Water Resources, River Development become the first Indian to win the architecture’s and Ganga Rejuvenation, Nitin Gadkari has highest honour- 'Pritzker Architecture Prize'. launched Sukhad Yatra mobile application and 42) Reserve Bank of India has imposed a monetary 4133 Toll-free Emergency number for highway penalty of Rs 11 lakh on State Bank of India for users. breach of norms on counterfeit notes. 34) Former Congress MLA, Surta Singh Maravi 43) According to Knight Frank Wealth's Report died. He was 7 7148, Mumbai has been ranked 46th among the 35) India will become the 60th member of the top 71 costliest cities in the world. European Bank for Reconstruction and 44) The Ministry of Micro, Small and Medium Development (EBRD). Enterprises (MSME) has launched 'Udayam 36) Former Madhya Pradesh Cricket Association Sakhi' (www.udyamsakhi.org) portal for (MPCA) chairman M K Bhargav died. He was women entrepreneurs of India on the occasion 7 of International Women’s Day. 37) Headquarters of the Animal Welfare Board of 45) The Union Minister of State (IC) for Power and India (AWBI) has been shifted from Chennai to New & Renewable Energy, R K Singh has Haryana's Ballabhgarh. launched the National E-Mobility Programme. The Programme aims to provide an impetus to the entire e-mobility ecosystem including
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vehicle manufacturers, charging infrastructure 51) Madhya Pradesh Chief Minister Shivraj Singh companies, fleet operators, service providers, Chouhan has announced 'Mukhyamantri Mahila etc. Kosh' scheme. 46) Acting Chief Justice of Delhi High Court, Gita 52) Indian-origin steel tycoon Sanjeev Gupta has Mittal has become the first woman from the been appointed as the UK skills ambassador. field of law and justice who has been conferred 53) Cab hailing platform Uber has roped in the the 'Nari Shakti Puraskar'. Indian cricket team captain, Virat Kohli as its 47) The Union Cabinet has approved an Agreement brand ambassador in India. between India and France on the Prevention of 54) Famous Punjabi Sufi singer, Pyare Lal Wadali the Illicit Consumption and Reduction of Illicit died. He was 71. Traffic in Narcotic Drugs, Psychotropic 55) The current commissioner general of the Substances and Chemical Precursors, and Belgian Federal Police, Catherine De Bolle has related offences. been appointed as the Executive Director of 48) The Union Cabinet has approved the signing of European Union Agency for Law Enforcement a Memorandum of Understanding (MoU) Cooperation (Europol). between Union Public Service Commission 56) Prime Minister Narendra Modi has launched (UPSC) and Public Service Commission of National Nutrition Mission, and pan India Mauritius. expansion of Beti Bachao Beti Padhao.
49) Union Cabinet has given its approval for signing 57) Indian shooter Anjum Moudgil clinched a silver of an agreement between India and France to medal in the women’s 11m Rifle 3 Positions facilitate "Mutual Recognition of Academic event at the ongoing ISSF World Cup in Qualifications". Guadalajara, Mexico. 50) Competition Commission of India (CCI) has 58) US and Israeli military have started the 0th slapped a total penalty of more than 11₹ crore edition of joint Military exercise “Juniper Cobra on Jet Airways, InterGlobe Aviation (Indigo) 7148” in Israel. and SpiceJet.
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HEADLINE ANALYSIS
OSCARS 2018
The Academy Awards, also known as the Oscars, are a set of 24 awards for artistic and technical merit in the American film industry, given annually by the Academy of Motion Picture Arts and Sciences (AMPAS), to recognize excellence in cinematic achievements as assessed by the Academy's voting membership.
Actress
Winner: Frances mcdormand, three billboards outside ebbing, missouri
Actor
Winner: gary oldman, darkest hour
Director
Winner: guillermo del toro, the shape of water
Original song (presented to songwriters)
Winner: remember me, from coco (kristen anderson-lopez and robert lopez)
Original score
Winner: the shape of water, alexandre desplat
Cinematography
Winner: blade runner 2049, roger a. Deakins
Original screenplay
Winner: get out, jordan peele
Adapted screenplay
Winner: call me by your name, james ivory
Short film (live action)
Winner: the silent child
Documentary (short subject)
Winner: heaven is a traffic jam on the 405
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Film editing Winner: dunkirk, lee smith
Visual effects
Winner: blade runner 2049
Animated feature
Winner: coco
Short film (animated)
Winner: dear basketball
Supporting actress
Winner: allison janney, i, tonya
Foreign language film
Winner: a fantastic woman (chile)
Production design
Winner: the shape of water
Sound mixing
Winner: dunkirk
Sound editing
Winner: dunkirk, richard king and alex gibson
Documentary (feature)
Winner: icarus
Costume design
Winner: phantom thread, mark bridges
Makeup and hairstyling
Winner: darkest hour, kazuhiro tsuji, david malinowski and lucy sibbick
Supporting actor
Winner: sam rockwell, three billboards outside ebbing, missouri
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ISSF WORLD CUP 2018
Manu Bhaker won a gold medal while Ravi Kumar won a bronze in the ISSF World Cup in Guadalajara, Mexico. Bhaker defeated the host country’s Alejandra Zavala, a two-time World Cup Finals winn er, with a 10.8 in the last shot of the 24 shot final, to come out on top with a score of 237.5. India’s Yashaswini Singh Deswal missed out on a medal, finishing fourth with 196.1. Earlier, Ravi Kumar won his first World Cup medal- a bronze in the Men’s 10M Air Rifle event. Ravi had made it to three finals last year, including in the World Cup Finals, without winning a medal. Talented young Hungarian Istvan Peni, the world number one, won the Gold, shooting 249.5 while Austria’s Alexander Schmirl won Silver with 248.7. This was India’s fourth medal of the competition with Shahzar Rizvi and Jitu Rai winning gold and bronze in the Men’s 10M Air Pistol and Mehuli Ghosh winning bronze in the Women’s 10M Air Rifle respectively, on day one of competitions. At the end of competition day two, India’s medal count stood at five with two gold and three bronze. EESL, TO INVEST MORE THAN `10,000 CRORE IN ANDHRA PRADESH.
In a bid to make Andhra Pradesh the hub for manufacturing electric vehicles in the country and a push towards making the state eco-friendly, Energy Efficiency Services Ltd (EESL) has agreed to invest close to ₹ 10,000 crore in the state and has also pledged to manufacture over 1 lakh electric vehicles over the next 5 years. This also includes 4,000 electric chargers for various departments in AP. Once the MoU is signed between EESL and the Andhra Pradesh state government, the move could see employment to over 1.05 lakh persons in state. The move will also see EESL supply around 10,000 electric vehicles to the AP government for official use.
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N Chandrababu naidu is the chief minister of andhra pradesh. Andhra Pradesh is ranked number 1 in ease of doing business, energy efficiency, promotion of renewable energy sources, and 24x7 quality power supply. Saurabh Kumar is the Managing Director of EESL India. The Indian government alone has demand for half a million electric vehicles. Switching these (to electric vehicles) will stimulate demand and initiate market transformation. Enabling this transformation with an innovative business model is important to a sustainable future. In December last year, Tata Motors delivered the first set of Tigor EVs to EESL as part of their initiative to procure 10,000 electric vehicles. The company qualified as L1 bidder in the midst of stiff competition and won the tender floated by EESL in September 2017. ONGC VIDESH AND OIL INDIA WIN MOZAMBIQUE NOD FOR GAS FIELD DEVELOPMENT.
ONGC Videsh Ltd, Oil India Ltd and their partners have received the Mozambique government’s nod for bringing to production a giant gas field in the prolific Rovuma Area-1, off the coast of the African nation. Partners in the block plan to turn the gas into LNG for exports. The Area 1 block is estimated to hold recoverable gas resources of about 75 trillion cubic feet, more than the combined resource in all of the gas fields in India. The Golfino-Atum project will be Mozambique’s first onshore LNG development. The plan outlines the integrated development of the Golfinho-Atum field through an initial two-train onshore liquefaction (LNG) plant with a total processing capacity of 12.88 million tonnes per annum. The project will also supply initial volumes of about 100 million cubic feet of natural gas per day for domestic sales in Mozambique. ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp. (ONGC), holds 16% stake in the block while OIL has 4%.
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US energy major Anadarko Petroleum Corp. is the operator with 26.5% interest, while Mitsui of Japan has 20%, Bharat PetroResources Ltd (a unit of state-owned BPCL) 10% and ENH 15%. The nod paves way for legal and contractual framework agreements, commencement of resettlement implementation activities, site preparation, efforts to secure long-term LNG sales/offtake agreement and work towards project financing. Last month, Anadarko had stated that Mozambique LNG1 Company Pvt. Ltd, the jointly owned sales entity of the Mozambique Area 1 co-venturers, has sold 1.2 million tonnes per annum of LNG from the project to French electricity utility EDF for a term of 15 years. The LNG project will initially consist of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum to support the development of the Golfinho/Atum fields located entirely within Offshore Area 1. BJP ALLY NPP'S CONRAD SANGMA SWORN IN AS MEGHALAYA CM
National Peoples Party (NPP) President Conrad Sangma was administered the oath of office and secrecy as the new chief minister of Meghalaya. His council of ministers was also sworn in at the oath-taking ceremony in Shillong. The Meghalaya Assembly election results 2018 threw up a fractured mandate, with the Congress emerging as the largest party. It was marginally ahead of its rival, the NPP. The NPP is an ally of the BJP at the Centre and in Manipur as well. The Congress, in power in the state for the past 10 years, won 21 out of 59 seats that went to the polls on February 27. The figure was 10 short of a simple majority. Meghalaya has a 60-member Assembly. Conrad Sangma has support from 34 MLAs — 19 of the NPP, six of the United Democratic Party (UDP), four of the People's Democratic Front (PDF), two each of the Hill State People's Democratic Party (HSPDP), and the BJP and an Independent. RBI HAS IMPOSED PENALTY ON AXIS BANK AND INDIAN OVERSEAS BANK, FOR NON-COMPLIANCE.
RBI had reclassified 9 accounts with Axis Bank amounting to Rs 4,867 crore. Because of this, the bank's NPA had shot up 55% in the declared Q2 results compared to the previous quarter of this fiscal. Axis Bank is the the country's third largest private lender.
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The RBI announced that it had imposed a penalty of Rs 3 crore on Axis Bank for non-compliance with its directions on Income Recognition and Asset Classification (IRAC) norms back in fiscal 2016. In fact, the bank's annual report for 2016-17 revealed that the RBI had detected additional gross NPAs of 156% compared to its reported numbers. Based on the inspection report and other relevant documents, the RBI issued a notice last November advising Axis Bank to show cause as to why penalty should not be imposed on it for non-compliance. However, Axis Bank is not the only bank to have been penalized by the RBI for divergences in NPA classification. Last October, Yes Bank was slapped with an Rs 6 crore fine for the same reason. Since then, big names like SBI and HDFC Bank have stepped forward with their divergence disclosures. In a separate statement, the RBI announced that it had also imposed a Rs 2 crore penalty on the state-owned Indian Overseas Bank for non-compliance with the Know Your Customer (KYC) norms. Last year, the central bank had levied a Rs 5 crore penalty on Syndicate Bank and Rs 2 crore on Union Bank of India for the same reason. SEBI NOD FOR BANDHAN BANK’S RS 2,500 CRORE INITIAL PUBLIC OFFER.
Bandhan Bank got SEBI approval to raise Rs 2,500 crore through initial public offering. Bandhan Bank was the first Indian microfinance entity which was given a bank license by the Reserve Bank of India in 2014. The Kolkata-based private sector lender Bandhan Bank had paved the way for share sale way back in 2017. Bandhan Bank’s Rs 2,500 crore IPO will be the biggest initial share sale by a banking unit ever in India. The shares of Bandhan Bank are proposed to be listed on both NSE and BSE.
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Bandhan Bank IPO is floating the initial public offering with regard to Reserve Bank of India’s licensing guidelines. According to the RBI new bank licensing guidelines, the equity shares of our Bandhan Bank are required to get listed on the stock exchanges within three years from the date of commencement of business, i.e., on or before 22 August 2018. DELHI AIRPORT TOPS SERVICE QUALITY AWARDS 2017: ACI
Delhi International Airport Ltd (DIAL), a GMR led consortium, announced that Delhi's Indira Gandhi International Airport (IGIA) has become the world’s number one airport in the highest category (over 40 million passengers per annum -MPPA) as per Airports Council International (ACI) - ASQ 2017 rankings. With 63.5 million passengers flying through the airport, it has surpassed Changi, Incheon and Bangkok airports in terms of passenger growth. It is now the seventh busiest airport in Asia and among the top 20 busiest airports across the world. SRINIVAS BOMMIDALA IS THE CHAIRMAN-AIRPORTS OF GMR GROUP.
I Prabhakara Rao is the CEO of Delhi International Airport Ltd (DIAL).
The top Indian billionaires on the Forbes list. India has 121 billionaires — 19 more than last year — making them the third largest group of the ultra-rich after those from the US and China, according to Forbes, the business magazine that produces an annual list. Global Rank of the richest Indians on the Forbes list with assets over $8 billion. 19 Mukesh Ambani ($40.1 billion, petrochemicals, oil & gas) 58 Azim Premji ($18.8 billion , software services) 62 Lakshmi Mittal ($18.5 billion, steel) 98 Shiv Nadar ($14.6 billion, software services) 115 Dilip Shanghvi ($12.8 billion, pharmaceuticals) 127 Kumar Birla ($11.8 billion, commodities) 143 Uday Kotak ($10.7 billion, banking)
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151 Radhakishan Damani ($10 billion, investments, retail) 154 Gautam Adani ($9.7 billion, commodities, ports) 170 Cyrus Poonawalla ($9.1 billion, vaccines) 176 Savitri Jindal ($8.8 billion, steel) 176 Sunil Mittal ($8.8 billion, telecom) NHAI 1033 TOLL FREE HELPLINE NUMBER LAUNCHED.
Union Minister Nitin Gadkari and Union Minister Dharmendra Pradhan launched a Driver Training Centre Scheme, NHAI 1033 Toll Free Helpline Number, Sukhad Yatra App and a Scheme for Financial Assistance to NGOs for Road Safety, at a function, in New Delhi. The National Highways Authority of India is an autonomous agency of the Government of India, responsible for management of a network of over 50,000 km of National Highways out of 1,15,000 km in India. It was founded in 1988 for the purpose of Development and maintenance of national highways in India. It is headquartered at New Delhi. Deepak Kumar is the Chairman of NHAI. PAYTM MONEY RECEIVES SEBI NOD AS REGISTERED INVESTMENT ADVISER.
Wholly-owned subsidiary of Paytm , Paytm Money, has received approval of market regulator Securities and Exchange Board of India (Sebi) to become a registered investment advisor. The nod from Sebi will allow the company to roll out investment and wealth management products to consumers across the country, Paytm said in a statement.
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The platform has planned a limited rollout of investm ent products, starting with direct plan mutual funds investments with zero commissions. The company will have a separate app available for both Android and iOS users. Pravin Jadhav is the Senior Vice President of Paytm Money. NEIPHIU RIO SWORN-IN AS NEW NAGALAND CM.
The Bharatiya Janata Party and Nationalist Democratic Progressive Party (BJP-NDPP)-led Peoples Democratic Alliance (PDA) leader Neiphiu Rio was sworn in as the new Chief Minister of Nagaland. Nagaland governor PB Acharya administered the oath of office and secrecy to Rio and other council ministers at a swearing-in ceremony. Y Patton, who is already elected as the leader of BJP Legislature Party sworn in as deputy chief minister. Apart from Rio and Patton, 10 ministers was inducted in the cabinet. Rio was elected unopposed on an NDPP ticket from 11th Northern Angami-II Assembly constituency. He previously was the Chief Minister of Nagaland for three terms, making him the only Nagaland Chief Minister to have served three consecutive terms in office. The swearing-in ceremony of the new Nagaland government was conducted in open air, a first of its kind in the history of Nagaland's Assembly. WORLD KIDNEY DAY 2018
Chronic kidney disease in India is more common in women than in men, finds a survey by SRL Diagnostics. The survey showed that abnormalities in kidney function were an average of 11.36 per cent higher in women than in men (9.48%). It also showed that kidney function disorders were very common in the elderly, especially those over 85 years. According to the Global Burden of Disease (GBD) study 2015, chronic kidney disease was ranked 17th among the causes of deaths globally with an annual death rate of 19·2
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deaths per 100,000 population. In many countries, chronic kidney disease is now among the top five causes of death. In India, chronic kidney disease was ranked as the eighth leading cause of death, the report said. Kidneys are responsible for filtration of harmful fluids and wastes from the body. Thus, it is vulnerable to damage by a range of conditions and infections affecting the body such as diabetes, hypertension, bacterial or viral infection, toxins, smoking and drugs. KERALA STATE FILM AWARDS 2018
Parvathy — who played the role of an Indian nurse held hostage in Iraq in the critically-acclaimed as well as commercially successful Take Off — won the award for the Best Actor (Female). In the male category, Indrans won the Best Actor award for his role of a desperate father searching for his missing son in Aalorukkam.
Here are the other award winners: Best Child Actors- Abhinad, Nakshthra Best Cameraman- Manesh Madhavan for Eden Best Screenplay- Sajeev Pazhoor for Thondimuthalum Drikshakshikalum Best Script Writer - MA Nishad for Kinar Best Screenplay Adaptation- S Hareesh, Sanju Surendran for Eden Best Editing- Appu Bhattathiri for Ottamuri Velicham and Veeram Best Art Director- Santhosh Raman for Take Off PM LAUNCHES NATIONAL NUTRITION MISSION.
On the occasion of International Women’s Day, the Prime Minister, Shri Narendra Modi launched the National Nutrition Mission and Pan India Expansion of Beti Bachao Beti Padhao (BBBP) covering all 640 districts of the Country at a mega event held at Jhunjhunu in Rajasthan. The Prime Minister also awarded ten districts for showing outstanding performance in the areas of effective community engagement, enforcement of PC&PNDT Act and enabling education of the girl child.
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Addressing the large gathering on the occasion, the Prime Minister said that through the power of technology, the entire nation is connected with Jhunjhunu. He appreciated Jhunjhunu district for furthering the Beti Bachao, Beti Padhao movement. He said there is no question of discrimination based on gender. The Prime Minister stressed on the importance of girls getting access to quality education, just like boys. Emphasizing that a daughter is not a burden, he said girls are bringing pride and glory for our nation, and excelling in several fields. AIRTEL PAYMENTS BANK FINED RS 5 CRORE BY RBI FOR VIOLATING KYC NORMS.
The Reserve Bank of India (RBI) has imposed a fine of Rs 5 crore on Sunil Mittal-owned Airtel Payments Bank for flouting Know Your Customer (KYC) norms and operating guidelines. Bharti Airtel has been using Aadhaar-based eKYC SIM verification process to open new accounts with its Airtel Payments Bank with the consent of its users. More than 23 lakh Airtel subscribers had reportedly received as many as Rs 47 crore in their payments bank accounts which were opened without their knowledge. Based on complaints and media reports, the central bank had conducted a supervisory visit to the bank from November 20 to 22 last year. Based on these findings, the central bank had issued a notice to Airtel Payments Bank seeking an explanation as to why a penalty should not be imposed for non-compliance with guidelines and directions issued by the RBI. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to the aforesaid guidelines/directions issued by RBI. The RBI clarified that the action was based on deficiencies in regulatory compliance and was not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. The RBI had imposed fines to the tune of Rs 40 lakh on the biggest state-owned lender, State Bank of India for failing to comply with the central bank's regulations related to detection and reporting of counterfeit notes. The RB had also slapped a penalty of Rs 3 crore and on Axis Bank for not classifying non-performing assets (NPA), and Rs 2 crore on Indian Overseas Bank for violating KYC norms, earlier this week.
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TWITTER INC. APPOINTS IIT BOMBAY ALUMNUS PARAG AGRAWAL AS CTO.
The microblogging site Twitter has appointed Parag Agrawal as its CTO. He will be leading technical strategy for the company and will focus on AI/ML across Twitter’s infrastructure and product teams. His bio on the website states that he joined Twitter in 2011 as an Ads Engineer, and under him, Twitter’s Ads systems have scaled up. He has also helped build and deploy a platform for online machine learning at Twitter. Parag is an IIT Bombay alumnus and holds a PhD in Computer Science from Stanford University. Before he joined Twitter, he conducted research in large-scale data management at other major companies such as Yahoo! Research, AT&T Labs, and Microsoft Research. Parag succeeds Adam Messinger, who was with the company for five years before leaving in December 2016. Around the same time, Josh McFarland, the VP of Product at Twitter, also moved to Greylock Partners. A month before these two moved out in 2016, COO Adam Bain left the company and Anthony Noto took over from him. In the last quarter of 2016, even Adam Sharp, Twitter’s Director of Media Partnerships and its Head of News, Government and Elections, left as well. BIPLAB DEB TO TAKE OATH AS TRIPURA CM.
Biplab Kumar Deb will take oath as the chief minister of Tripura at the Assam Rifles ground which will officially usher in the first BJP government in the Left bastion. PM Narendra Modi, BJP president Amit Shah and chief ministers of BJP-ruled states in the northeastern region have been invited to attend the ceremony. Chief Minister-designate Biplab Deb announced that the party's tribal leader Jishnu Debbarma will be the deputy chief minister.
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The BJP-Indigenous People's Front of Tripura (IPFT) co mbine swept to power in the state last week, ending 25 years of uninterrupted rule of the CPI(M)-led Left Front. The BJP won 35 of the 59 seats that went to polls in Tripura, ousting the CPI(M) which won only in 17 Assembly constituencies. SCIENTISTS DISCOVER ANTIBIOTIC-PRODUCING BACTERIUM.
A species of a bacterium that produces antibiotic has been discovered by a professor in the University of Hyderabad (UoH) and his researchers. The new bacteria would also clean up ammonia waste, a growing environmental concern. The bacterium was discovered by Venkata Ramana, Professor and Head, Department of Plant Sciences, School of Life Sciences, UoH and his researchers, it said. Scientists have been striving hard to find drugs to overcome the challenge of antimicrobial resistance in the wake of disease-causing germs failing to respond to even the most potent antibiotics, it said. The discovery was published in the latest issue of the scientific publication, `Journal of Antibiotics. The bacteria are called as "Anamox (Anaerobic ammonia oxidising) bacteria. The senior professor said he and his team have been working to identify the chemical nature of the antibiotic and the spectrum of antibiotic. The team included researchers from Bacterial Discovery Laboratory, Centre for Environment, Institute of Science and Technology, JNTU (Jawaharlal Nehru Technological University), Hyderabad and UoH. SUFI SINGER PYARELAL WADALI PASSED AWAY.
Pyarelal Wadali, the one half of famous Punjabi Sufi singing duo Wadali Brothers, died of heart attack. He was 75. Wadali with his elder brother Puran Chand Wadali sang popular hits such as 'Tu maane yaa na maane' and Tanu Weds Manu's 'Rangrez mere'. The singer is survived by wife, two sons and three daughters. Wadali was honoured with several state and national level awards along with his elder brother.
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ASSOCIATION OF DEMOCRATIC REFORMS (ADR)REPORT.
Samajwadi Party, AIADMK, All India Forward Bloc and the Shiv Sena are the only major regional parties that show a steady increase in their annual declared assets. The total assets of AIADMK between financial year 2011-12 and 2015-16 increased by 155% (Rs 88 crore to Rs 225 crore) while that of Shiv Sena increased from about Rs 21 crore to over Rs 39 crore (92%). The figures were released by transparency watchdog Association of Democratic Reforms (ADR) in its analysis of the report on assets and liabilities filed by the parties to the Election Commission of India. The report by ADR was accompanied by another report on the trend of NOTA in the past five years since its introduction in 2013. It found that NOTA has secured the highest percentage of votes in Naxalite-affected constituencies of Chhattisgarh. It also found that in the last five years, NOTA has secured 1.3 crore votes in state assemblies and Lok Sabha elections combined. During this period, on an average NOTA secured 2.7 lakh votes in the state assembly elections. ADR’s report on assets and liabilities found that during FY 2011-12, the declared asset of SP was Rs 213 crore which increased by 198% to Rs 635 crore during FY 2015-16. The ADR report says that while YSR Congress was registered in March, 2011 and AAP in November, 2012, the average assets declared by the these two parties during FY 2012-13 was just over Rs 1 crore which increased to Rs 3.7 crore during FY- 2015-16.
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THIS WEEK: SPECIAL
Cabinet Reshuffle: Nirmala Sitharaman to Defence, Piyush Goyal Railways and Suresh Prabhu, Commerce. Full list of ministers with portfolios Shri Narendra Modi Prime Minister and also in-charge of: Ministry of Personnel, Public Grievances and Pensions; Department of Atomic Energy; Department of Space; and All important policy issues; and All other portfolios not allocated to any Minister.
CABINET MINISTERS
1. Shri Raj Nath Singh Minister of Home Affairs.
2. Smt. Sushma Swaraj Minister of External Affairs.
3. Shri Arun Jaitley Minister of Finance; and Minister of Corporate Affairs.
4. Shri Nitin Jairam Gadkari Minister of Road Transport and Highways; Minister of Shipping; and Minister of Water Resources, River Development and Ganga Rejuvenation.
5. Shri Suresh Prabhu Minister of Commerce and Industry.
6. Shri D.V. Sadananda Gowda Minister of Statistics and Programme Implementation.
7. Sushri Uma Bharati Minister of Drinking Water and Sanitation.
8. Shri Ramvilas Paswan Minister of Consumer Affairs, Food and Public Distribution.
9. Smt. Maneka Sanjay Minister of Women and Child Development. Gandhi
10. Shri Ananthkumar Minister of Chemicals and Fertilizers; and Minister of Parliamentary Affairs.
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11. Shri Ravi Shankar Prasad Minister of Law and Justice; and Minister of Electronics and Information Technology.
12. Shri Jagat Prakash Nadda Minister of Health and Family Welfare.
13. Shri Ashok Gajapathi Raju Minister of Civil Aviation. Pusapati
14. Shri Anant Geete Minister of Heavy Industries and Public Enterprises.
15. Smt. Harsimrat Kaur Minister of Food Processing Industries. Badal
16. Shri Narendra Singh Minister of Rural Development; Tomar Minister of Panchayati Raj; and Minister of Mines.
17. Shri Chaudhary Birender Minister of Steel. Singh
18. Shri Jual Oram Minister of Tribal Affairs.
19. Shri Radha Mohan Singh Minister of Agriculture and Farmers Welfare.
20. Shri Thaawar Chand Minister of Social Justice and Empowerment. Gehlot
21. Smt. Smriti Zubin Irani Minister of Textiles; and Minister of Information and Broadcasting.
22. Dr. Harsh Vardhan Minister of Science and Technology; Minister of Earth Sciences; and Minister of Environment, Forest and Climate Change.
23. Shri Prakash Javadekar Minister of Human Resource Development.
24. Shri Dharmendra Pradhan Minister of Petroleum and Natural Gas; and Minister of Skill Development and Entrepreneurship.
25. Shri Piyush Goyal Minister of Railways; and Minister of Coal.
26. Smt. Nirmala Sitharaman Minister of Defence.
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27. Shri Mukhtar Abbas Naqvi Minister of Minority Affairs. MINISTERS OF STATE (INDEPENDENT CHARGE) 1. Rao Inderjit Singh Minister of State (Independent Charge) of the Ministry of Planning; and Minister of State in the Ministry of Chemicals and Fertilizers.
2. Shri Santosh Kumar Minister of State (Independent Charge) of the Ministry of Labour Gangwar and Employment.
3. Shri Shripad Yesso Naik Minister of State (Independent Charge) of the Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH).
4. Dr. Jitendra Singh Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region; Minister of State in the Prime Minister’s Office; Minister of State in the Ministry of Personnel, Public Grievances and Pensions; Minister of State in the Department of Atomic Energy; and Minister of State in the Department of Space.
5. Dr. Mahesh Sharma Minister of State (Independent Charge) of the Ministry of Culture; and Minister of State in the Ministry of Environment, Forest and Climate Change. Minister of State for Tourism
6. Shri Giriraj Singh Minister of State (Independent Charge) of the Ministry of Micro, Small and Medium Enterprises.
7. Shri Manoj Sinha Minister of State (Independent Charge) of the Ministry of Communications; and Minister of State in the Ministry of Railways.
8. Col. Rajyavardhan Singh Minister of State (Independent Charge) of the Ministry of Youth Rathore Affairs and Sports; and Minister of State in the Ministry of Information and Broadcasting.
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9. Shri Raj Kumar Singh Minister of State (Independent Charge) of the Ministry of Power; and Minister of State (Independent Charge) of the Ministry of New and Renewable Energy.
10. Shri Hardeep Singh Puri Minister of State (Independent Charge) of the Ministry of Housing and Urban Affairs.
11. Shri Alphons Minister of State (Independent Charge) of the Ministry of Tourism; Kannanthanam and Minister of State in the Ministry of Electronics and Information Technology.
MINISTERS OF STATE
1. Shri Vijay Goel Minister of State (Independent Charge) of the Ministry of Youth Affairs and Sports; Minister of State in the Ministry of Parliamentary Affairs; and Minister of State in the Ministry of Statistics and Programme Implementation.
2. Shri Radhakrishnan P. Minister of State in the Ministry of Finance; and Minister of State in the Ministry of Shipping.
3. Shri S.S. Ahluwalia Minister of State in the Ministry of Drinking Water and Sanitation.
4. Shri Ramesh Chandappa Minister of State in the Ministry of Drinking Water and Sanitation. Jigajinagi
5. Shri Ramdas Athawale Minister of State in the Ministry of Social Justice and Empowerment.
6. Shri Vishnu Deo Sai Minister of State in the Ministry of Steel.
7. Shri Ram Kripal Yadav Minister of State in the Ministry of Rural Development.
8. Shri Hansraj Gangaram Minister of State in the Ministry of Home Affairs. Ahir
9. Shri Haribhai Parthibhai Minister of State in the Ministry of Mines; and Chaudhary Minister of State in the Ministry of Coal.
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10. Shri Rajen Gohain Minister of State in the Ministry of Railways. 11. General (Retd.) V. K. Minister of State in the Ministry of External Affairs. Singh
12. Shri Parshottam Rupala Minister of State in the Ministry of Agriculture and Farmers Welfare; and Minister of State in the Ministry of Panchayati Raj.
13. Shri Krishan Pal Minister of State in the Ministry of Social Justice and Empowerment.
14. Shri Jaswantsinh Minister of State in the Ministry of Tribal Affairs. Sumanbhai Bhabhor
15. Shri Shiv Pratap Shukla Minister of State in the Ministry of Finance.
16. Shri Ashwini Kumar Minister of State in the Ministry of Health and Family Welfare. Choubey
17. Shri Sudarshan Bhagat Minister of State in the Ministry of Tribal Affairs.
18. Shri Upendra Kushwaha Minister of State in the Ministry of Human Resource Development.
19. Shri Kiren Rijiju Minister of State in the Ministry of Home Affairs.
20. Dr. Virendra Kumar Minister of State in the Ministry of Women and Child Development; and Minister of State in the Ministry of Minority Affairs.
21. Shri Anantkumar Hegde Minister of State in the Ministry of Skill Development and Entrepreneurship.
22. Shri M. J. Akbar Minister of State in the Ministry of External Affairs.
23. Sadhvi Niranjan Jyoti Minister of State in the Ministry of Food Processing Industries.
24. Shri Y. S. Chowdary Minister of State in the Ministry of Science and Technology; and Minister of State in the Ministry of Earth Sciences.
25. Shri Jayant Sinha Minister of State in the Ministry of Civil Aviation.
26. Shri Babul Supriyo Minister of State in the Ministry of Heavy Industries and Public Enterprises.
27. Shri Vijay Sampla Minister of State in the Ministry of Social Justice and Empowerment.
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28. Shri Arjun Ram Meghwal Minister of State in the Ministry of Parliamentary Affairs; and Minister of State in the Ministry of Water Resources, River Development and Ganga Rejuvenation.
29. Shri Ajay Tamta Minister of State in the Ministry of Textiles.
30. Smt. Krishna Raj Minister of State in the Ministry of Agriculture and Farmers Welfare.
31. Shri Mansukh L. Minister of State in the Ministry of Road Transport and Highways; Mandaviya Minister of State in the Ministry of Shipping; and Minister of State in the Ministry of Chemicals and Fertilizers.
32. Smt. Anupriya Patel Minister of State in the Ministry of Health and Family Welfare.
33. Shri C.R. Chaudhary Minister of State in the Ministry of Consumer Affairs, Food and Public Distribution; and Minister of State in the Ministry of Commerce and Industry.
34. Shri P.P. Chaudhary Minister of State in the Ministry of Law and Justice; and Minister of State in the Ministry of Corporate Affairs.
35. Dr. Subhash Ramrao Minister of State in the Ministry of Defence. Bhamre
36. Shri Gajendra Singh Minister of State in the Ministry of Agriculture and Farmers Shekhawat Welfare.
37. Dr. Satya Pal Singh Minister of State in the Ministry of Human Resource Development; and Minister of State in the Ministry of Water Resources, River Development and Ganga Rejuvenation.
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