Weekly One Liners 24th May to 30th of May 2021 Weekly One Liners 24th May to 30th of May 2021 Forbes Highest paid Athletes list 2021 released Bloomberg Billionaires Index on May 21, 2021: Forbes has unveiled its annual list of the 10 highest- Rank Name Net Worth Country paid athletes of the year. UFC star Conor McGregor 1 Jeff Bezos $189B US has topped the Forbes list by earning $180 million in 2 Elon Musk $163B US the past year beating soccer superstars Lionel Messi 3 Bernard Arnault $162B France and Cristiano Ronaldo to become the highest-paid 4 Bill Gates $142B US athlete in the world. The factors used by Forbes’ for 5 Mark Zuckerberg $119B US calculation include all prize money, salaries and 6 Warren Buffet $108B US bonuses earned between May 1, 2020, and May 1, 7 Larry Page $106B US 2021. 8 Sergey Brin $102B US 9 Larry Ellison $91.2B US Ranking Index 10 Steve Ballmer $89.2B US Rank Name Sports Earning 11 Francoise Bettercourt $87.2B France Conor McGregor Meyers 1 MMA $180 million (Ireland) 12 Amancio Ortega $82.4B Spain Lionel Messi 13 Mukesh Ambani $76.3B India 2 Soccer $130 million (Argentina) 14 Gautam Adani $67.6B India Cristiano Ronaldo 15 Zhong Shanshan $65.6B China 3 Soccer $120 million (Portugal) About Bloomberg Billionaires Index Dak Prescott 4 Football $107.5 million The Bloomberg Billionaires Index comprises a daily (United States) ranking of the world’s richest people, based on their Lebron James 5 Basketball $96.5 million net worth. The figures are updated at the close of every (United States) trading day in New York. Neymar 6 Soccer $95 million (Brazil) RBI Annual Report 2021: Highlights Roger Federer 7 Tennis $90 million Reserve Bank of India (RBI) has published its annual (Switzerland) report and highlights “asset quality of banks and their Lewis Hamilton 8 Formula 1 $82 million preparedness requires close monitoring for higher (United Kingdom) provisioning for upcoming quarters". In its annual Tom Brady 9 Football $76 million report, the central bank said the country's growth (United States) prospects now essentially depend on how fast India Kevin Durant 10 Basketball $75 million can arrest the second wave of COVID-19 infections. (United States) RBI Annual Report 2021: • RBI in its semi-annual financial stability report Asia’s richest and second richest earlier highlighted bad loan ratio of banks could persons are now Indians rise to 13.5% under the baseline stress scenario Billionaire Gautam Adani has edged past Chinese by September 2021. tycoon Zhong Shanshan to become the second-richest Asian, according to the Bloomberg Billionaire Index. China’s Zhong was the richest Asian till February when he lost the crown to Mukesh Ambani, India’s richest person and chairman of Reliance Industries Ltd. However, while Ambani lost $175.5 million this year, Adani’s wealth surged by $32.7 billion to touch $66.5 billion, against Zhong’s $63.6 billion. Ambani’s total wealth now stands at $76.5 billion, making him the 13th richest in the world, followed by Adani at 14th. 1 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App Weekly One Liners 24th May to 30th of May 2021 • The Provision Coverage Ratio (PCR) of banks • The Union Cabinet has granted approval to the improved from 66.6% in March 2020 to 75.5 % Memorandum of Understandings (MoUs) by December 2020, because of prudent entered into by the Institute of Cost Accountants provisioning by banks above regulatory of India and the Institute of Company prescriptions on accounts availing moratorium and Secretaries of India with various countries and undergoing restructuring. organisations. The MoUs seek to facilitate mutual • The capital to risk-weighted assets ratio (CRAR) of recognition of qualifications and a range of banks increased to 15.9% by December 2020, in collaborative activities for the exchange of March it was 14.8%. knowledge. The signed MoUs would help in the • In its report, RBI cautioned “banks being lenders advancement of the goals on equity, public will have to provide a true picture of bad loans accountability and innovation among the after Supreme Court lifted the interim stay on beneficiaries countries. classifying non-performing assets (NPA) in • India will launch ‘UNITE AWARE’, a mobile tech March 2021. platform for the United Nations Peacekeepers to • According to it, waiver of compound interest on all improve their safety and security in the line of duty. loan accounts opted for a moratorium during It will be launched during India’s United Nations March-August 2020 would put stress on the Security Council (UNSC) Presidency term in August financial health of banks. 2021 (Presidency of the UNSC Council is held by • The Gross NPA ratio of banks decreased from each of the members in turn for one month). 8.2% in March 2020 to 6.8% in December 2020. • Raksha Mantri Shri Rajnath Singh has launched • The Gross NPA ratio for non-banking financial the ‘Services e-Health Assistance & Tele- institutions (NBFCs) increased from 6.8% in consultation (SeHAT) OPD portal, through video March to 5.7% in December 2020. conferencing. The main motive of the portal is to • The capital adequacy ratio of NBFCs increased from 24.8% in December 2020 to 23.7% in provide telemedicine services to the serving March. Armed Forces personnel, veterans and their • Frauds reported by banks fell by 25% in value families. terms in just one year to Rs 1.38 lakh crore at • The Ministry of Ayush is organising various the end of fiscal year ended March 2021, data activities in the run-up to the International Day of released by the RBI as part of it annual report Yoga, 2021. One among these is a series of five showed. webinars that the Ministry is organising under the • The Reserve Bank of India on 27th May said broad theme of “Be with Yoga, Be at Home” in banknotes in circulation witnessed a higher collaboration with five renowned organisations of than the average increase during 2020-21, on the country who will present one webinar each on account of precautionary holding of cash by people a particular topic. Some renowned Organisations due to the COVID-19 pandemic, and its prolonged are:- The Art of Living, The Yoga Institute, continuance. Value and volume of banknotes in ArhamDhyanYog, etc. circulation increased by 16.8% and 7.2% respectively in 2020-21. States in the News • Haryana government has launched an anti-Covid National Affairs “Sanjeevani Pariyojana”, which will provide • Union Cabinet, chaired by Prime Minister supervised and quick medical care at home for Narendra Modi has approved the opening of a new people, with mild to moderate symptoms of Covid- Consulate General of India in Addu City, the 19, residing in rural areas. This Pariyojana has Maldives in 2021. India and Maldives share ethnic, been launched to extend medical care in rural areas linguistic, cultural, religious and commercial links where awareness regarding the second wave of steeped in antiquity. Maldives occupies an Covid-19 and related treatment remains low. It is important place in the ‘Neighbourhood First an important step of bringing medical care for the Policy’ and the ‘SAGAR’ (Security and Growth for people who need it most and when they need it All in the Region) vision of the Government of most. India. 2 www.bankersadda.com | www.sscadda.com | www.careerpower.in | Adda247 App Weekly One Liners 24th May to 30th of May 2021 • Maharashtra government has launched the International Affairs “Mission Oxygen Self-Reliance” scheme to meet • The United Kingdom will develop an advanced the state’s oxygen needs. Special incentives will be international pathogen surveillance network to given to oxygen-producing industries under this identify Covid-19 variants and emerging diseases. scheme. At present, the state’s oxygen generation This Global Pandemic Radar will ensure the early capacity is 1300 MT per day. Units set up in detection of new variants and emerging pathogens, Vidarbha, Marathwada, Dhule, Nandurbar, so vaccines and treatments needed to stop them Ratnagiri and Sindhudurg regions will be eligible for incentives up to 150 per cent of their eligible can be rapidly developed. Prime minister Boris fixed capital investments and units set up in the Johnson announced the plans, ahead of the Global rest of Maharashtra will be eligible for up to 100 Health Summit hosted by Italy and the European per cent general incentives. Union (EU). • Uttarakhand Chief Minister Tirath Singh Rawat • The International Monetary Fund has proposed a has announced Chief Minister Vatsalya Yojana for $50 billion global vaccination plan that would orphaned children who have lost their parents due cover at least 40 per cent of the global population to Covid-19. Under the scheme, the State by the end of 2021 and at least 60 per cent by the Government will make arrangements for their first half of 2022. The vaccination target requires maintenance, education and training for additional upfront grants to Covax, donating employment up to the age of 21 years. The Chief surplus doses and free cross-border flows of raw Minister said that such orphaned children of the materials and finished vaccines. state will be given a maintenance allowance of • The President of the Republic of Congo, Denis 3000 rupees per month. Sassou Nguesso has appointed Anatole Collinet • The Punjab Government finally announced to Makosso as the country’s Prime Minister. He rename the Mohali International Hockey replaced Clement Mouamba, in-office since 2016. Stadium, after triple Olympian and Padma Shri Before this appointment, Makosso was the Balbir Singh Sr. The stadium will now be known as education minister of the Central African country.