GIST OF NEWS - 07 JANUARY 2016

GIST OF NEWS - 07^th January 2016

·         North Korea declared that it had detonated its first hydrogen bomb.

·         The maximum characters allowed in a Tweet are 140. Twitter is exploring increasing its limits on text to as many as 1000.

·         The union cabinet approves closure of HMT Watches. Two unviable units of the public sector company, HMT Chinar watches and HMT Bearings, are also to be shut down.

·         Emission control: India to go straight to BS – VI from 2020. (leapfrog from Bharat Stage-IV to BS-VI)

·         Road Transport & Highways minister Nitin Gadkari.

·         PAN Card is mandatory for purchases over Rs.2 lakhs at Jewellery shop. Jewellers want to increase the limit to Rs.10 lakh.GIST OF NEWS - 07^th January 2016

·         North Korea declared that it had detonated its first hydrogen bomb.

·         The maximum characters allowed in a Tweet are 140. Twitter is exploring increasing its limits on text to as many as 1000.

·         The union cabinet approves closure of HMT Watches. Two unviable units of the public sector company, HMT Chinar watches and HMT Bearings, are also to be shut down.

·         Emission control: India to go straight to BS – VI from 2020. (leapfrog from Bharat Stage-IV to BS-VI)

·         Road Transport & Highways minister Nitin Gadkari.

·         PAN Card is mandatory for purchases over Rs.2 lakhs at Jewellery shop. Jewellers want to increase the limit to Rs.10 lakh.

GIST OF NEWS - 06.01.2016

GIST OF NEWS - 06^th January 2016

·         Mumbai school cricketer Pranav Dhanwade became the first player in the world to score 1000 runs (1009 runs not out off 323 balls) in a single innings, surpassing a 117 year old record held by AEJ Collin’s who scored 628 in 1899.

Dhanwade is a student of class 10 of KC Gandhi school, Kalyan.

·         Confederation of Indian Industry (CII) President – Sumit Mazumder

·         BCCI Awards

International Cricketer of the year 2014-15          Virat Kohli (Test Captain)

Col.C.K.Naidu Lifetime Achievement award         Syed Kirmani (Former Indian Wicket keeper)

·         President of BCCI – Shashank Manohar

·         Supreme court upheld a temporary ban on the sale of large diesel cars with 2000 cc and above in New Delhi to combat toxic smog in the Capital.

·         One basis point is equal to one-hundredth of a percentage point

·         State Bank of India wants the centre to consider differential interest rates on small savings according to age groups.

·         Reserve Bank of India has agreed to share relevant extracts of its bank inspection reports with a central economic intelligence wing to help it check money laundering and violation of other banking laws.

GIST OF NEWS - JAN 5, 2016

Gist of News - 05.01.2016

NASSCOM - National Association of Software and Services Companies.

CRILC - Central Repository of Information on Large Credits

Abidali Neemuchwala took over as Chief Executive Officer of Wipro from TK Kurian.

SBI to set up special branch for catering exclusively to the growing banking needs of startup companies at Bangaluru.

IDBI raised 1900 crores through 2 different separate Basel III compliant tier II bonds on private placement basis. In december, SBI had raised 4000 crore by issuing tier II bonds on private placement basis under the Basel III norms.

RBI imposed penalty of 1 crore on SBI for violation on reporting data to CRILC. Banks are required to report credit information including SMA (Special Mention Accounts) to CRILC on all borrowers having aggregate Fund based and non fund based exposure of Rs.5 crore and above with them.