Current Affairs - December, 2019

RBI Financial Stability Report: NPAs will increase

On December 27, 2019, RBI released Financial Stability Report. The report is biennial and reflects the collective assessment of the Sub-committee of Financial Stability and Development Council. The report said that the non-performing asset ratio of banks is increasing. It was 9.9% in September 2019 and may rise to 9.9% in September 2020. Highlights of Read More…

RBI directs large co-op banks to report all exposures above Rs.5 crore

Reserve Bank of India (RBI) has directed large cooperative banks to report all aggregate exposures of Rs.5 crores and more to Central Repository of Information on Large Credits (CRILC). The move is aimed at early recognition of financial distress. Key Highlights Earlier in its bi-monthly monetary policy review in December 2019, the RBI had announced Read More…

First Trial run of Double Stack Train

On December 28, 2019, a trial run of the first freight train was conducted in the western dedicated freight corridor. The train was flagged off by Dedicated Freight Corporation India Limited (DFCIL). Highlights The train will be operated in the Rewari-Madar Section in Haryana and Rajasthan states. DFCIL is currently running freight trains at speed Read More…

CSIR develop new technology of Geranium Production

CSIR (Council of Scientific and Industrial Research) has developed a new low-cost technology to produce Geranium saplings. Geranium acts as an anti-inflammatory and anti-septic agent. It has several medicinal values. The development has been made under Aroma Mission. About the Technology The geranium cultivation is being done in aerated glass house currently. With the help Read More…

MiG 27 Retire: Last Squadron of fighter jet Decommissioned

The MiG-27, which is known to NATO (North Atlantic Treaty Organization) as the ‘Flogger’ and to Indian Air Force (IAF) as ‘Bahadur’, flew its last sortie in Jodhpur, Rajasthan. After this flight, IAF bid adieu to its squadron of seven aircraft as all were decommissioned. The last MiG-27 unit to operate the jet, Number 29 Read More…