Current Affairs 2019 - Current Affairs Today

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RBI tweaks NPA Disclosure Norms

The Reserve Bank of India (RBI) has brought changes to the bad loan divergence rule. The Bad loan divergence practice mandated by RBI aims at improving transparency in asset classification. The Changes brought in by the RBI are: NPA Disclosure Norms Banks are required to disclose divergence when the additional provisioning for NPAs assessed by Read More…

Supreme Court quashes RBI’s circular Mandating Insolvency Proceedings

The Supreme Court has struck down a February 2018 Reserve Bank of India (RBI) circular which gave lender banks six months to resolve their stressed assets or move under the Insolvency Code against private entities who have defaulted in loans worth over Rs 2000 crore. The RBI had defended the circular by citing public interest Read More…

Café Scientifique in Kerala

A group of science experts of the Hume Centre for Ecology and Wildlife Biology in Kerala are gearing up to launch ‘Café Scientifique’ to promote science among the public in an interesting way. What is Café Scientifique? Café Scientifique envisages bringing science back into popular culture by demystifying scientific research for the public and empowering non-scientists Read More…

RBI sets the limits for Ways and Means Advances (WMA)

The Reserve Bank of India (RBI) in consultation with the government of India has set the limits for Ways and Means Advances (WMA) for the first half of the financial year 2019-20 (April 2019 to September 2019) at Rs 75000 crore. What is Ways and Means Advances (WMA)? Ways and Means Advances is the temporary Read More…

WhatsApp Launches Tip Line to curb Fake News

Social Media Platform WhatsApp has launched an India-focused fact-checking feature to combat fake news and rumours starting with the run-up to the Lok Sabha elections. Curbing Fake News Users can check the authenticity of the information or rumours received on the platform by reporting the forward to the WhatsApp number +91-9643-000-888. The response will indicate Read More…

2019 Global Report on Food Crises

The Food and Agriculture Organization (FAO) makes the following observations in the 2019 Global Report on Food Crises report: More than 113 million people across 53 countries experienced “acute hunger” last year because of wars and climate disasters, with Africa the worst-hit region. Yemen, the Democratic Republic of Congo, Afghanistan and Syria were among the eight Read More…

GST Revenue Touches Record High in March

The statement from the Finance Ministry states that GST collections scaled to a record high of Rs 1.06 trillion in March. The revenue collection was Rs 97,247 crore in the month of February. Record Revenue Mobilisation The record revenue collection was attributed to increased compliance and increase in the number of returns filed. Total gross GST revenue Read More…

Brexit has cost Britain nearly 2.5% of GDP: Goldman Sachs

A study by the global investment banking, securities and investment management firm, Goldman Sachs has stated that Brexit has cost Britain nearly 2.5% of GDP. Findings of the Study Britain’s economy has lost nearly 2.5 per cent of GDP relative to its growth path prior to the mid-2016 referendum on exiting the European Union (EU) Read More…