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Top 10 Daily Current Affairs : 25 April 2019 25 April 2019
AmitJain, Uber’s Asia-Pacific region Head, announced his resignation at the end of May 2019 after four-year service to spend time with his family, while Uber’s head of Europe, Middle East and Africa, Pierre-Dimitri Gore-Coty will take over the additional charge of APAC.
In June 2015, he had joined Uber as India's head and become APAC chief in May 2018.
♦ Founded: March 2009, San Francisco, California, United States
♦ Founders: Travis Kalanick, Garrett... Read More
The Reserve Bank of India (RBI) has asked banks and financial institutions to disclose the non-performing assets (NPA) stemming from their exposure to troubled infrastructure conglomerate Infrastructure Leasing & Financial Services Limited (IL&FS) and its group entities in their upcoming results announcements.
RBI said that the new directions are as per the order of the National Company Law Appellate Tribunal (NCLAT), which asked banks not to declare their loans to the company and... Read More
The Union Ministry of Textiles is in talks with the Japanese Government and some companies in the U.S. to support the Indian textile industry with technology for speciality fibre and related products. Technology is important for speciality fibre.
Two committees have been formed in regard to this:
One for speciality fibre
One to see how to take the segment forward
Based on the reports submitted by both the committees, the Ministry had notified 207 products that classify... Read More
The United States Cricket Team sealed one-day international status for the first time with a third straight victory at the World Cricket League Division 2 event in Namibia.
There will be 20 ODI nations after the end of the tournament, with the top four sides to join Scotland, the United Arab Emirates, Nepal and the Netherlands in having temporary status.
United States Cricket Team beat Hong Kong by 84 runs in the WCL Division 2 to attain one-day International (ODI) status
Apart from USA,... Read More
Karnam Sekar, Dena Bank’s former Managing Director appointed as the new Managing Director (MD) and Chief Executive Officer (CEO) of Indian Overseas Bank.
He would take up the position from July 1, 2019.
He has been working as an officer on special duty and Whole Time Director in IOB (Indian Overseas Bank) from April 1 till the time of taking over charge from R Subramaniakumar who was the erstwhile CEO and MD.
R Subramaniakumar had initiated measures to uplift IOB from loses due to... Read More
SEBI in his guidelines titled “Guidelines for Determination of Allotment and Trading Lot Size for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)” has reduced the minimum subscription requirement as well as defined trading lots for REITs and InvITs.
For determining the allotment in an initial offer and follow on public offers, REITs have to offer their units in lots worth at least Rs 50,000 and in case of InvITs, the minimum value of a single lot... Read More
The United Nations Security Council (UNSC) has adopted a resolution on sexual violence in conflicts that condemns the use of rape as a weapon of war.
UNSC urged UN member states to continue to implement national programs protecting women and girls and to adopt legal measures that punish perpetrators.
Thirteen of 15 members of the Security Council voted for the resolution, with China and Russia abstaining on a measure that was drafted by Germany and hotly debated in recent weeks.
Amal... Read More
PU Chitra won gold in women’s 1500m at the Asian Athletics Championships in Doha.
With the victory Chitra also qualified for the World Championships, which will be held later this year.
23-year-old Chitra clocked 4:14.56s to become the first Indian athlete to defend her Asian Athletics Championships in the 2019 meet. Chitra had won the gold medal in the women's 1500m race in the 2017 Asian Athletics Championships held in Bhubaneshwar.
Dutee Chand clinched the bronze medal in... Read More
The Union Ministry of Home Affairs distributed over 3,100 special kits Sexual Assault Evidence Collection Kits (SAECKs) to carry out immediate investigations into sexual assault cases among states and Union Territories. It is expected that SAECKs can be used for collecting blood and semen samples, besides other evidence which can be used for investigation purpose.
Sexual Assault Evidence Collection Kits (SAECKs):
SAECKs or rape investigation kits are specially designed kits to carry out the... Read More
NASA's InSight mission has recorded and measured has recently recorded "marsquake", a quake on the planet Mars, perhaps caused by land tides or volcanic eruptions. It is believed to be the first marsquake ever detected. It has been observed that Mars is still seismically active. Mars is not nearly as geologically active as Earth and lacks tectonic plates.
Researchers are still analysing the data, as well as three other even fainter seismic signals detected since mid-March.... Read More
Russia has successfully tested the world’s first floating nuclear power plant (NPP), Akademik Lomonosov. Reactors of the floating atomic block were launched in November 2018. The tests confirmed the operational stability of the main and auxiliary equipment for the plant will be the world’s first fully commercial operational floating nuclear power plant. All automatic process and control systems were tested successfully.
Akademik... Read More
StartupBlink has ranked 100 countries for startup environment of countries globally. The rankings were based on the data from over 61,000 startups, more than 500 accelerators, and over 1,400 coworking spaces registered on its platform along with data gathered from its global partners including Crunchbase, SimilarWeb, etc. The rankings were based on the impact startups have been able to make in the country, how many startups and support organizations are there such as accelerators, coworking... Read More
According to Fitch Ratings - APAC (Asia-Pacific) sovereign credit overview report, the Reserve Bank of India (RBI) is the first central bank in the Asia Pacific region to begin an explicit interest rate easing cycle buoyed by benign food inflation and easier global financial condition.
The Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, cut rates in February and April citing prospects of benign inflation. In the four months of 2019, the RBI has cut policy interest... Read More
The Reserve Bank of India (RBI) has given its in-principle approval to Housing Development Finance Corporation (HDFC) Ltd for acquiring 9.9 per cent stake in Bandhan Bank following the Gruh Finance deal.
Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over by Bandhan Bank in a share-swap deal in January.
After the deal was announced, HDFC made an application to the RBI for holding shares in Bandhan Bank. Recently RBI gave its approval to HDFC to acquire the... Read More
The Reserve Bank of India (RBI) has exited the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (NABARD), by selling its entire stakes to government for Rs 1,450 crore and Rs 20 crore, respectively, making them fully government-owned now.
RBI has sold its stake in NHB on March 19, while it sold the stake in Nabard on February 26.
With this, the government of India now holds 100% stake in both the financial institutions.
Divestment of... Read More
National Company Law Tribunal (NCLT) approved merger of private sector lender IndusInd Bank with Bharat Financial Inclusion (BFIL), a microfinance company.
Last year, IndusInd Bank received ‘No Objection’ from Reserve Bank of India, National Stock Exchange and Bombay Stock Exchange
As per the report, the merger is expected to complete within 2-4 weeks.
Bharat Financial will become a subsidiary of the private lender.
IndusInd Bank Ltd's share price is currently at... Read More
Kotak Mahindra Bank is the first debit card based authentication solution on NPCI’s (National Payments Corporation of India) e-Mandate (electronic mandate) API (Application Program Interface) platform first ever Destination Bank to go live with both Net Banking and Debit Card-based e-mandate authentication.
The main objective of this initiative is to enable Kotak customers to create electronic mandates (similar to the former eNACH with Aadhaar + OTP) (eNACH- Electronic National Automated... Read More
BuyUcoin, second oldest Cryptocurrency Exchange company in India introduced a new and unique platform for wholesale cryptocurrency trading.
This platform works on ‘free trading model’ which means it charges zero free on any trade.
This wholesale platform also known as OTC (Over-the-counter) Desk allows users to trade on a large scale with low price fluctuations.
This new platform will help to improve the problem of liquidity of cryptocurrency in Indian... Read More
World Malaria Day is an international event observed every year on 25 April, to spread awareness about malaria disease globally and to promote efforts to prevent malaria around the world.
World Malaria Day 2019 Theme:
The theme of World Malaria Day 2019 is "Zero malaria starts with me."
World Malaria Day - History:
World Malaria Day was developed from Africa Malaria Day which was first held in 2008. It is basically an event that had been observed since 2001 by African... Read More
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