Current Affairs – August, 2017

Government notifies new Rs.200 notes

The Union Finance Ministry on the recommendations of the Central Board of Directors of the Reserve Bank of India (RBI) has notified currency notes of Rs.200. The new notes are likely to be in circulation shortly. The new Rs.200 currency note was issued through an official gazette notification by the Finance Ministry’s Department of Economic Read More…

Government to establish first National Sports Museum in New Delhi

The Union Ministry of Sports and Youth Affairs is going to establish National Sports Museum at Jawaharlal Nehru Stadium, New Delhi. It will be first of its kind sports museum in India. The aim of the sports museum is to popularise the sports as a way of life within the country. It will showcase the Read More…

Union Cabinet approves new Bridge over Mechi River at India-Nepal border

The Union Cabinet has approved a Memorandum of Understanding (MoU) between India and Nepal for starting construction of a new Bridge over Mechi River at India-Nepal border. The new bridge will be constructed at an estimated cost of Rs. 158.65 crore, which will be funded by India through Asian Development Bank (ADB) loan. Key facts Read More…

Cabinet approves alternative mechanism Framework for consolidation of Public Sector Banks

The Union Cabinet has approved Framework for Consolidation of Public Sector Banks (PSBs) through an Alternative Mechanism (AM). The decision would facilitate consolidation among the nationalised banks to create strong and competitive banks and also improve their competitiveness and efficiency. Features of approved Framework for Consolidation of PSBs Under this framework, the decision regarding creating Read More…

CCEA approves closure of Bharat Wagon and Engineering Company

The Cabinet Committee on Economic Affairs (CCEA) has approved closure of Bharat Wagon and Engineering Company Limited (BWEL). BWEL is a Central Public Sector Enterprise (CPSE) under Ministry of Railways (MoR). Proposal in this regard was forwarded to CCEA by the MoR. The CCEA decision will stop flow of financial support from public funds for Read More…