SBI (State Bank of India) has merged its operations five its four associate banks - State Bank of Hyderabad, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore, and State Bank of Bikaner and Jaipur. It has also merged its operations with the Bharatiya Mahila Bank.
With this merger, the bank will join the league of top 50 banks globally in terms of assets.
The merged behemoth will have an asset base of about Rs 37 lakh crore, 22,500 branches, 58,000 ATMs, and 50 crore customers.
About SBI:- State Bank of India is an Indian multinational, public sector banking and financial services company.
Founded: 1 July 1955
Taglines: The Nation banks on us; Pure Banking Nothing Else; With you all the way.
Chairman: Mrs. Arundhati Bhattacharya
A new Guinness World Record has been set in Philippines where a 24-year-old Filipino Ricardo won the title for the most hamburgers eaten in one minute after gobbling down five 107-gram patties in 60 seconds.
The hamburger eating contest was held at Zark's burgers in Pasay City, Metro Manila, Philippines.
Gilbert Baker, a San Francisco-based activist and artist best known for creating the rainbow flag representing gay rights, has died at the age of 65.
Gilbert Baker came up with the eight-coloured banner for San Francisco’s 1978 gay freedom day, which later became the Pride festival.
Mr Baker's original flag had eight colours, each representing a different aspect of humanity:
1) Pink - sexuality
2) Red - life
3) Orange - healing
4) Yellow- sunlight
5) Green - nature
6) Turquoise - art
7) Indigo - harmony
8) Violet - human spirit
It would later be reduced to six stripes, removing pink and indigo, and swapping blue for turquoise.
In 2015, New York's Museum of Modern Art acquired the flag for its design collection, calling it a "powerful design milestone".
After getting tax exemption from Telangana, Karnataka and Delhi, Rahul Bose’s directorial venture Poorna got tax exemption from Maharashtra.
The film is based on a true story of Poorna Malavath, the youngest girl to climb Mount Everest.
Featuring Aditi Inamdar, Rahul and Heeba Shah, Poorna hit the screens.
About Malavath Purna:- Poorna Malavath, is an Indian mountaineer from Nizamabad district, Telangana. On 25 May 2014, Poorna scaled the highest peak of Mount Everest and, aged 13 years and 11 months, became the youngest girl to have reached the summit of Everest.
President Pranab Mukherjee, in his capacity as the Visitor of Nalanda University (NU)-Rajgir, appointed Professor Sunaina Singh as the new Vice-Chancellor (V-C) of the University.
Singh, who is currently serving in the same capacity at The English and Foreign Languages University, Hyderabad, has been appointed for a period of five years from the date on which she assumes charge of the office.
Nalanda University is located in Nalanda District of Bihar. It was established in 2014.
The Loan Agreement for New Development Bank (NDB) financing of US$ 350 Million for Development and Upgradation of Major District Roads Project in Madhya Pradesh was signed between Government of India and the New Development Bank (NDB).
This is the First Loan Agreement for NDB assisted project in India.
The Loan Agreement was signed by Mr. Raj Kumar, Joint Secretary, Department of Economic Affairs (DEA) on behalf of the Government of India and Mr. Xian Zhu, Vice President & Chief Operating Officer on behalf of the New Development Bank.
The objective of the Project is upgradation of major district roads (Approx. 1,500 km) in Madhya Pradesh to improve connectivity of the interior areas of the state with the national and state highway networks.
The project implementation is 5 years. Government of Madhya Pradesh and the MPRDC are the implementing agencies.
About New Development Bank (NDB):- The New Development Bank, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states.
Headquarters: Shanghai, China
President: K. V. Kamath
Founder: BRICS (Brazil, Russia, India, China, South Africa)
Founded: 15 July 2014
Karnataka Bank, a leading private sector Bank of the country, has entered into collaboration with SBI Card, India's second largest credit card issuer, to launch co-branded credit cards for Karnataka Bank customers.
Through this alliance Karnataka Bank and SBI Card have launched two variants of the co-branded credit card - 'Karnataka Bank Platinum SBI Card' and 'Karnataka Bank SimplySAVE SBI Card'.
Karnataka Bank Platinum SBI Card:- 'Karnataka Bank Platinum SBI Card' has been designed keeping in mind the premium customers and offers features in line with their lifestyle and spending patterns.
Karnataka Bank SimplySAVE SBI Card:- 'Karnataka Bank SimplySAVE SBI Card' is aimed at value conscious consumers and offers rewards and features that enable customers to maximize their savings on their regular spends.
About Karnataka Bank:- Private sector Commercial bank
CEO: Polali Jayarama Bhat
Motto: Your family bank. Across India
About SBI Card:- SBI Cards & Payments Services Pvt. Ltd., or SBICPSL, is a payment solutions provider in India.
CEO: Vijay Jasuja
Ms. Vanaja N. Sarna has been appointed as Chairman, Central Board of Excise and Customs (CBEC).
She is taking over on superannuation of Shri Najib Shah.
Ms. Vanaja N. Sarna has served Central Board of Excise and Customs (CBEC) in several capacities over the last 36 years. These include postings in Customs, Central Excise and Service Tax formations in Kochi, Delhi, Chennai, Meerut, Chandigarh and Bangalore. She has also worked as Additional Director General, National Academy of Customs, Excise & Narcotics (NACEN), in Chennai. She was also Additional Director General in Directorate General of Revenue Intelligence, New Delhi. She also served on deputation as Under Secretary, Legislative Department, Ministry of Law and as Director/ Joint Secretary in the Rajya Sabha Secretariat.
Prior to becoming Member, Central Board of Excise and Customs, she held the charge of Director General of Vigilance and Chief Vigilance Officer of the Department.
Japan has committed an “official development assistance” (ODA) of 371.345 billion yen (about Rs. 21,590 crore) under 2016-2017 for various infrastructure projects, including the dedicated freight corridor, in India.
The notes in this regard were exchanged in New Delhi between S Selvakumar, Joint Secretary, Department of Economic Affairs; and Kenji Hiramatsu, Ambassador of Japan to India.
About Japan:- Capital: Tokyo
Currency: Japanese yen
Prime minister: Shinzo Abe
The civil aviation ministry awarded first-ever regional flights based on a new subsidy model to five airlines that will expand flights to many new airports in the country.
Air India, Air Deccan, SpiceJet, Air Odisha and Turbo Megha have got rights to fly 128 routes which will require them to cap half the seats at about 50% of the fare.
Many of these airports will be served for the first time. These include airports like Shimla, Kandla, Puducherry, Bhatinda, Cooch Behar and Bilaspur among others.
Aviation secretary R.N. Choubey said Rs. 205 crore of subsidy will be provided to these airlines. Routes will be exclusive for three years.
About UDAN:- 1) The Union Government has launched the regional air connectivity scheme UDAN (Ude Desh ka Aam naagrik) which seeks to get more people to fly in the smaller towns.
2) The scheme was launched by the Union Civil Aviation Minister Ashok Gajapathi Raju in New Delhi.
3) It will be rolled out by January, 2017 and will be in operation for a period of 10 years.
4) The UDAN scheme seeks to provide connectivity to un-served and under-served airports of the country through revival of existing air-strips and airports.
5) This first-of-its-kind scheme will ensure affordability, connectivity, growth and development.
6) It aims to increase ticketing volume from 80 million to 300 million by 2022.
7) Under it regional connectivity will be developed on market-based mechanism under which Airlines will bid for seat subsidies.
8) Airline operators will bid for up to 40 subsidised seats and minimum seats will be 9.
9) There will be 50% seats on market based pricing.
Civil aviation minister of India : Ashok Gajapathi Raju (since 26 May 2014)
Apple has announced the opening of its new App Accelerator in Bengaluru, India as part of an effort to support engineering talent and boost growth in India's iOS developer community.
iOS is the world’s most powerful mobile operating system and the foundation for iPhone and iPad, and the App Accelerator Bengaluru will provide specialised support for developers, including tools and best practices to hone their skills and transform the design, quality and performance of their apps on the iOS platform.
Apple CEO: Tim Cook
Riteish Deshmukh's Comedy Thriller 'Bank Chor' will worldwide release in 16D on June 16.
Highlights: The film also stars Vivek Oberoi and Rhea Chakraborty. The actors feature as bank robbers in the film.
Israel has approved the establishment of its first new Jewish settlement in the occupied West Bank in two decades.
The security cabinet voted unanimously to begin construction on a hilltop known as "Geulat Zion", near the Palestinian city of Nablus. It will be used to house some 40 families whose homes were cleared from an unauthorised settlement outpost.
It comes despite US President Donald Trump asking Israeli Prime Minister Benjamin Netanyahu last month to "hold back" on settlement construction.
The Israeli authorities approved thousands of new homes in existing settlements after Mr Trump took office in January.
About Israel:- Capital: Jerusalem
Currency: Israeli new shekel
President: Reuven Rivlin
Prime minister: Benjamin Netanyahu
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned yet another coal-based supercritical thermal unit of 800 MW in Karnataka.
This is the second unit of the 2x800 MW Yeramarus Thermal Power Station located in Raichur district of Karnataka.
The first unit of this power plant was commissioned earlier by BHEL in March, 2016.
The Yeramarus project has been developed by Raichur Power Corporation Limited (RPCL), a Joint Venture (JV) with equity participation from Karnataka Power Corporation Limited (KPCL) and BHEL .
The key equipment for the project has been manufactured by BHEL at its Haridwar, Trichy, Bhopal, Ranipet, Hyderabad, Jhansi and Bengaluru plants, while the construction of the plant has been undertaken by the company's Power Sector - Southern Region.
Supercritical units:- Supercritical units are more efficient, eco-friendly and consume lesser coal.
BHEL is the leading power equipment manufacturer in the domestic market with orders for 48 sets of supercritical boilers and 41 sets of supercritical turbine generators placed by various utilities - the highest in the country for any power equipment manufacturer.
The 75-year-old Dylan, who was awarded the prize “for having created new poetic expressions within the great American song tradition,” declined an invitation last year to the traditional Nobel Prize banquet and ceremony on Dec. 10 - the date of Alfred Nobel’s death - pleading other commitments.
Bob Dylan will finally accept his Nobel Prize for Literature in Stockholm this weekend, the academy has announced.
In October, Bob Dylan became the first songwriter to win the prestigious award, and the first American since novelist Toni Morrison in 1993.
Prize Amount: 8m kroner ($900,000;£727,000) prize.
Nobel Prize for Literature- started in : 1901
Presented by: Swedish Academy
The Union Ministry of Road Transport and Highways has launched two mobile applications - e-challan and m-parivahan to provide a comprehensive digital solution for enforcement of traffic rules.
These applications will provide access to various services and information, and enable citizens to report any traffic violation or road accident.
m-parivahan:- 1) It is a citizen-centric app that will facilitate access to various transport-related services. It will bring convenience to citizen and transparency in the system
2) It is an empowering app for the citizen which provides access to various services, information and utilities related to the transport sector.
3) It will provide a virtual driving licence and registration certificates through back-end connection to the transport national register.
4) It will give full details of the car and the owner, including his driving licence and registration certificate if a vehicle number is entered into the app.
5) This will help check the genuineness of a vehicle’s ownership and driver. It will also help in passenger safety when hiring a driver or when buying a second-hand vehicle.
e-challan:- 1) eChallan is an integrated enforcement solution to manage traffic violations through mobile app and back-end web application, for use by the Traffic Police and Transport Enforcement Wing.
2) It will help in improving transparency by connecting all stakeholders through a common system and ensuring data integrity.
3) It will also help in easing operations and efficient monitoring through digitization of records and will enhance the visibility of offenders, leading to better traffic management.
Union Ministry of Road Transport and Highways: Nitin Gadkari
The biggest river festival of India, Namami Brahmaputra, begins in 21 districts of Assam.
President Pranab Mukherjee inaugurated the festival on the banks of the river, which is considered the country's only male river.
The Prime Minister of Bhutan, the Governor of Assam and Chief Ministers of Assam and Arunachal Pradesh also attended the inaugural ceremony. Spiritual leader Dalai Lama and several Union ministers also attended the five day festival.
The main purpose of the 5 day festival (31st March to 4th April) is to give a boost to the investment and tourism prospect in the state.