Japan Current Affairs - 2019

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No proposal to increase FDI ceiling in banks

The government has clarified that there is no proposal to raise foreign investment limit in the banking sector.

What is the current status of foreign investment in banking sector?

Currently, the aggregate foreign investment (FDI, FII and NRI) cannot be more than 74% in private sector banks while the limit is at 20% for nationalized banks, State Bank of India and its associate banks.

What is the status of FDI in insurance sector?

The government intends to increase the FDI limit in insurance sector. For this it introduced the Insurance Laws Amendment Bill, 2008 in Parliament to increase it from current 26% to 49%. The coverage of life insurance in India has enhanced from 2.15% in 2001 to 3.17% which is above Brazil, Russia, Malaysia, Pakistan, China, Sri Lanka, Australia and Germany. However, the penetration is below France, Switzerland, the UK, the US, Japan, Singapore, South Korea, Taiwan and Hong Kong.

Month: Categories: Business, Economy & Banking

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Noted Kamaicha player Sakar Khan passed away

Screenshot_2Renowned Rajasthani folk musician Sakar Khan known for the melodious bow and string instrument Kamaicha passed away in Jaisalmer, Rajasthan.

Sakar Khan:

He belonged to the traditional Manganiyar folk musician community of Rajasthan and learned to play the Kamaicha from his father Chunar Khan who is known as a legend among the folk musicians of the state. Sakar Khan had performed with the well known American violinist Yehudi Menuhin and George Harrison of The Beatles and also performed at major international festivals in the US, France, Japan and USSR.

  • He was honoured with the Padma Shri in 2012, the Tulsi Samman by the Madhya Pradesh government in 1990 and the Sangeet Natak Akademi Award in 1991. 
What is Kamaicha?

The Kamaicha,also known as the Kamancha and Kamancheh is one of the oldest bowed instruments of the world and is found across the globe with several regional variations. In Kashmir it is known as saaz-i-kashmir and is often compared to the middle- eastern instrument Raba’ab.

It has a goat skin spherical sound box with three or four strings (made either with silk or metal) and 14 sympathetic metal strings.

Month: Categories: Persons in News

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