25 April 2019 Current Affairs
Daily GK Updates & Current Affairs for Government Exams
World Malaria Day observed on April 25
World Malaria Day is an international event observed every year on 25 April, to spread awareness about malaria disease globally and to promote efforts to prevent malaria around the world.
World Malaria Day 2019 Theme: The theme of World Malaria Day 2019 is “Zero malaria starts with me.
First Indian Platform for Wholesale Cryptocurrency Trading has introduced by BuyUcoin
BuyUcoin, second oldest Cryptocurrency Exchange company in India introduced a new and unique platform for wholesale cryptocurrency trading.
This platform works on ‘free trading model’ which means it charges zero free on any trade.
This wholesale platform also known as OTC (Over-the-counter) Desk allows users to trade on a large scale with low price fluctuations. This new platform will help to improve the problem of liquidity of cryptocurrency in Indian market.
Kotak Mahindra Bank becomes the first Destination Bank to launch debit card based e-mandates On NPCIs E-Mandate API Platform
Kotak Mahindra Bank is the first debit card based authentication solution on NPCI’s (National Payments Corporation of India) e-Mandate (electronic mandate) API (Application Program Interface) platform first ever Destination Bank to go live with both Net Banking and Debit Card-based e-mandate authentication.
The main objective of this initiative is to enable Kotak customers to create electronic mandates (similar to the former eNACH with Aadhaar + OTP) (eNACH- Electronic National Automated Clearing House; OTP- One Time Password) via both debit card and net banking provision.
As API based e-mandates are customer-friendly, fast, frictionless and paperless, the initiative would help in making its customers’ lives hassle free for handling recurring payments.
IndusInd Bank receives NCLT approval for merger with Bharat Financial Inclusion
National Company Law Tribunal (NCLT) approved merger of private sector lender IndusInd Bank with Bharat Financial Inclusion (BFIL), a microfinance company.
Last year, IndusInd Bank received ‘No Objection’ from Reserve Bank of India, National Stock Exchange and Bombay Stock Exchange
As per the report, the merger is expected to complete within 2-4 weeks. Bharat Financial will become a subsidiary of the private lender.
IndusInd Bank Ltd’s share price is currently at Rs1,686.85, up by Rs32.25 or 1.95%, from its previous close of Rs1,654.60 on the BSE. The script opened at Rs 1,678 and has touched a high and low of Rs1,693.70 and Rs1,665, respectively. So far, 21,19,368 (NSE+BSE) shares have been traded on the counter.
The current market cap of the company is Rs 99,750.17crores.
RBI sells entire stake in NABARD, NHB to govt for Rs 1,470 crore
The Reserve Bank of India (RBI) has exited the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (NABARD), by selling its entire stakes to government for Rs 1,450 crore and Rs 20 crore, respectively, making them fully government-owned now.
RBI has sold its stake in NHB on March 19, while it sold the stake in Nabard on February 26. With this, the government of India now holds 100% stake in both the financial institutions
HDFC got RBI approval for holding up to 9.9 percent stake in Bandhan Bank
The Reserve Bank of India (RBI) has given its in-principle approval to Housing Development Finance Corporation (HDFC) Ltd for acquiring 9.9 per cent stake in Bandhan Bank following the Gruh Finance deal.
Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over by Bandhan Bank in a share-swap deal in January.
After the deal was announced, HDFC made an application to the RBI for holding shares in Bandhan Bank. Recently RBI gave its approval to HDFC to acquire the shareholding of up to 9.9 per cent of the paid-up capital of Bandhan Bank upon the effective date of the scheme of amalgamation.
The amalgamation scheme is awaiting approvals from the National Company Law Tribunal (NCLT) and the respective shareholders of Gruh Finance and Bandhan Bank. The Gruh Finance deal will reduce the stake of Bandhan Financial Holdings Ltd in Bandhan Bank to about 61% from the current 82%. The share swap ratio for the merger will be 568 shares of Bandhan Bank for every 1,000 shares of Gruh Finance.
Ministry of Home Affairs introduced SAECKs to investigate sexual assault cases
The Union Ministry of Home Affairs distributed over 3,100 special kits Sexual Assault Evidence Collection Kits (SAECKs) to carry out immediate investigations into sexual assault cases among states and Union Territories. It is expected that SAECKs can be used for collecting blood and semen samples, besides other evidence which can be used for investigation purpose.
PU Chitra gives 3rd gold for India in Asian Athletics Championships
PU Chitra won gold in women’s 1500m at the Asian Athletics Championships in Doha. With the victory Chitra also qualified for the World Championships, which will be held later this year.
23-year-old Chitra clocked 4:14.56s to become the first Indian athlete to defend her Asian Athletics Championships in the 2019 meet. Chitra had won the gold medal in the women’s 1500m race in the 2017 Asian Athletics Championships held in Bhubaneshwar. Dutee Chand clinched the bronze medal in 200-metre sprint after clocking 23.24 seconds. With her medal haul, India picked up four medals on the fourth and final day of the competitions, to end at fourth place in the medal tally.
India bagged 17 medals overall, including 3 gold, 7 silver and 7 bronze medals. China tops the medal table of 2019 Asian Athletics Championships with 29 medals in total. Bahrain (22 medals) and Japan (18 medals) secured second and third place respectively in medal table.
UN adopted resolution condemning rape as a weapon of war
The United Nations Security Council (UNSC) has adopted a resolution on sexual violence in conflicts that condemns the use of rape as a weapon of war. UNSC urged UN member states to continue to implement national programs protecting women and girls and to adopt legal measures that punish perpetrators.
Thirteen of 15 members of the Security Council voted for the resolution, with China and Russia abstaining on a measure that was drafted by Germany and hotly debated in recent weeks.
Karnam Sekar appointed as Indian Overseas Banks new MD & CEO
Karnam Sekar, Dena Bank’s former Managing Director appointed as the new Managing Director (MD) and Chief Executive Officer (CEO) of Indian Overseas Bank.
He would take up the position from July 1, 2019. He has been working as an officer on special duty and Whole Time Director in IOB (Indian Overseas Bank) from April 1 till the time of taking over charge from R Subramaniakumar who was the erstwhile CEO and MD. R Subramaniakumar had initiated measures to uplift IOB from loses due to high Non-Performing Assets.
USA secured ODI status for first time
The United States Cricket Team sealed one-day international status for the first time with a third straight victory at the World Cricket League Division 2 event in Namibia. There will be 20 ODI nations after the end of the tournament, with the top four sides to join Scotland, the United Arab Emirates, Nepal and the Netherlands in having temporary status.
RBI asked Banks to disclose IL&FS NPA details in results
The Reserve Bank of India (RBI) has asked banks and financial institutions to disclose the non-performing assets (NPA) stemming from their exposure to troubled infrastructure conglomerate Infrastructure Leasing & Financial Services Limited (IL&FS) and its group entities in their upcoming results announcements.
RBI said that the new directions are as per the order of the National Company Law Appellate Tribunal (NCLAT), which asked banks not to declare their loans to the company and group as NPAs. The banking regulator has, therefore, asked the lenders to disclose details such as the provisions required for such NPAs and also the actual provisions made, in their Notes to Accounts in the financial results. It has prescribed a disclosure format for this purpose.
An account becomes non-performing if repayment is due for more than 90 days. Banks have to set aside capital as provisions for NPAs. Banks and financial institutions have to disclose the information in a particular format as prescribed by the banking regulator.