Current Affairs February 3, 2017
100 per cent FDI in White Labelled ATM operations
Government has allowed Foreign Investment upto 100% in White Label ATM (WLA) operations, subject to the following conditions:
- Any non-bank entity intending to set up WLA should have minimum net worth of Rs. 100 crore as per latest financial year’s audited balance sheet, which is to be maintained at all times.
- In case the entity is also engaged in any other 18 Non-Banking Finance Company (NBFC) activities, then the foreign investment in the company setting up WLA, shall also comply with the minimum capitalization norms for foreign investment in NBFC activities.
PSBs gross NPA hits 9.83% in FY16; rises to 11.82% by September 2016
Bad loans of public sector banks stood as high as 9.83 per cent of gross advances in previous fiscal, while that of private sector banks were restricted to 2.70 per cent.
India to host key RCEP meeting at Hyderabad in July
India in July would host the negotiations for mega trade deal Regional Comprehensive Economic Partnership (RCEP) which aims at liberalising norms for trade in goods and services and boost investment among 16-member countries.
To boost Skill India Mission, Govt sets aside Rs 17,000 crore in Budget
The government has set aside over Rs 17,000 crore for skilling, employment generation and providing livelihood to millions of youth who enter the workforce every year, giving Skill India Mission
Sanjeev Sanyal appointed Principal Economic Adviser in FinMin
Government has appointed noted economist Sanjeev Sanyal as Principal Economic Adviser in the Ministry of Finance.
India sees highest domestic air passenger growth in 2016: IATA
Emerging as a stand-out performer, India witnessed the highest growth of 23.3 per cent in domestic air travel demand worldwide in 2016 twice that of neighbouring China, according to IATA (International Air Transport Association).
Freecharge ties up with Kala Ghoda Arts Festival
Digital payments platform FreeCharge partnered with Kala Ghoda Arts Festival as its wallet partner aimed at providing a swift and secure way to make cashless payments during the festival this year.
- The nine-day cultural extravaganza from Feburary 4 to Feburary 12 in Mumbai is a celebration of visual, performing and culinary arts across venues like Rampart Road, Asiatic Steps and Cross Maidan.
Veteran theatre personality Asim Basu passes away
Eminent stage craft director, theatre personality, actor, director, artist, painter and writer Asim Basu passed away after a prolonged illness.
Tehran bans travel of U.S. wrestlers to Iran
Iran today banned US wrestlers from participating in the Freestyle World Cup competition slated from 16th of this month in the western city of Kermanshah.
The world’s most valuable brands revealed – Google is at No 1 position.
Google has snatched Apple’s title as the world’s most valuable brand, ending the iPhone maker’s five-year reign.
- Google has been ranked 1, followed by Apple and Amazon.