Daily Current Affairs 5th April, 2017

5 April 2017 Current Affairs

RBI clears proposal to introduce Rs 200 notes

The board of the Reserve Bank of India (RBI) has cleared a proposal to introduce banknotes of Rs 200 denomination.

  • The process of printing the new Rs 200 notes is likely to begin after June, once the government officially approves this new denomination

RBI appoints Malvika Sinha as Executive Director

Under her tenure as Executive Director, Sinha will take charge of Foreign Exchange Department, Department of Government and Bank Accounts and Internal Debt Management Department.

Two new Circles proposed in SBI structural shake-up

State Bank of India (SBI) has decided to carve out a new Circle (Jaipur) from the existing Delhi and bifurcate the Hyderabad Circle into Andhra Pradesh (new) and Telangana Circles.

  • As a result of this, the number of Circles under the National Banking Group would increase to 16 from 14 now.
  • The 16 Circles are Ahmedabad, Andhra Pradesh (new), Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Jaipur (new), Kolkata, Lucknow, Mumbai, North-East, Patna, Telangana, and Thiruvananthapuram.

Yes Bank records $1 bn on IBU balance sheet at GIFT-IFSC

Private sector lender Yes Bank reported $1 billion on its balance sheet at the IFSC Banking Unit (IBU) in Gujarat International Finance Tec City (GIFT).

  • The bank has become the first to achieve milestone of $1 billion mark at the GIFT City.

ICICI, Axis Bank sell Rs 1800 crore of loans to Ballarpur to Edelweiss

ICICI Bank and Axis Bank sold Rs.1,800 crore of loans to paper maker Ballarpur Industries to Edelweiss Asset Reconstruction Company.

  • It’s also the first time that loans have been sold to an asset reconstruction firm at book value without a haircut.

Cabinet approves several MoUs between India and Bangladesh

The Union Cabinet chaired by Prime Minister Narendra Modi approved the Memorandum of Understanding (MoU):

  • On cooperation in the field of Mass Media between India and Bangladesh.
  • Signed the agreement on audio visual co-production.
  • In the field of judicial sector cooperation.
  • For development of Ashuganj-Zakiganj stretch of Kushiyara river and Sirajganj-Daikhawa stretch of Jamuna river in the Indo-Bangladesh protocol route by undertaking necessary dredging jointly by the two countries.
  • Passenger cruise services on the coastal and protocol routes between India and Bangladesh for starting regular movement of passengers and tourists in water crafts between the two countries.

Cabinet approves closure of Mahatma Gandhi Pravasi Suraksha Yojana

The Union Cabinet chaired by Prime Minister Narendra Modi approved closure of the Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) which was set up in 2012 to address the social security-related issues of the Emigration Check Required (ECR)-category workers going abroad for employment to the ECR countries.

  • The subscription under the MGPSY was very low and no new subscription was received for more than a year.
  • Closure of the scheme will, therefore, obviate the avoidable recurring administrative and record-keeping expenditure.

India-Mongolia military exercise kicks off in Mizoram

A 14-day India-Mongolia military training exercise began at Vairengte in Mizoram.

  • Named ‘Exercise Nomadic Elephant – XII’, it is aimed at training troops in counter-insurgency and counter-terrorism operations under the United Nations mandate. It will continue till April 18.

Berhampur Thakurani Yatra fetival begins in Odisha

The famous Berhampur Thakurani Yatra, one of the biggest festivals of southern Odisha, has began. It is nearly a month-long festival.

Indian ship to provide surveillance support in Indian Ocean

Indian Naval Ship Shardul is on a two-month deployment in the south Indian Ocean with an aim to provide surveillance support in the region.

  • INS Shardul is a Landing Ship Tank of the Indian Navy whose primary role is to transport troops, vehicles, armaments and accomplish all objectives of an amphibious operation which primarily includes landing of combat equipment and personnel to an Amphibious Objective Area.

India’s first transgender Sub-Inspector joins TN police

India’s first transgender Sub-Inspector, K Prithika Yashini, has joined the Tamil Nadu police force after completing her one-year training.

Raman Roy to be Nasscom Chairman, Rishad Premji Vice Chairman

Global services major Quatrro’s Founder Raman Roy will be the Nasscom Chairman and Wipro Board Member Rishad Premji will be Nasscom’s Vice-Chairman for fiscal 2017-18.

PayU launches deferral payment facility ‘LazyPay’ in India

Global online payment service PayU India has launched ‘LazyPay’ that provides deferral payment facility and is aimed at those who transact digitally for any amount between Rs 500 and Rs 2,500.

  • LazyPay appears as a payment option at the time of checkout on websites and apps integrating the product.

Amazon.in launches ‘Classroom’ for new sellers

To make on-boarding easy for new sellers, Amazon India has launched an initiative called Amazon Classroom, a virtual training programme to help teach them the nuances of online selling.

  • According to the company, new sellers can now perform demos of their seller account dashboard through interactive courses at their own pace.

MS Dhoni Appointed As Gulf Oil India CEO For A Day

The World Cup-winning skipper, who resigned as India’s limited-overs skipper earlier this year before being removed as the captain of Rising Pune Supergiant, was appointed as ‘CEO of the day’ by Gulf Oil India.

Kohli is Wisden’s Leading Cricketer in the World

India skipper Virat Kohli has been named the ‘Leading Cricketer in the World’ for 2016 by this year’s edition of Wisden Cricketers’ Almanack.

  • Australia’s Ellyse Perry was named the leading woman cricketer in the world.

Serbia elects Prime Minister Aleksandar Vucic as president

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