RBI Eases Cash Reserve Rules To Ease Liquidity
To help banks overcome any possible liquidity constraints, the Reserve Bank of India on Thursday said they can avail of higher liquidity with effect from October 1 as it has enhanced the "Facility to Avail Liquidity for Liquidity Coverage Ratio (FALLCR)" from the existing 11 per cent to 13 per cent of their deposits.
This move will take the total carve-out from SLR (statutory liquidity ratio) available to banks to 15 per cent of their deposits. Banks' SLR, which is the percentage of deposits that they have to mandatorily invest in government and state government securities, is currently at 19.5 per cent.
Adultery No Longer A Criminal Offence, SC Strikes Down Section 497 of IPC
How couples deal with it is a private matter, says CJI; Section 497 treats a woman as her husband’s commodity
A five-judge Constitution Bench, led by Chief Justice of India Dipak Misra, in four separate but concurring opinions on Thursday held that adultery is not a crime and struck it off the Indian Penal Code.
Chief Justice Misra, in an opinion for himself and Justice A.M. Khanwilkar, observed that Section 497 (adultery) of the Code “commands” married couples to remain loyal to each other.
Important Cabinet Approvals: 26th September 2018
The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows-
The Cabinet has approved-
1. MoU between India and Uzbekistan on Mutual Cooperation in Combating Illicit Trafficking in Narcotics, Drugs, Psychotropic Substances and Precursors,
2. MoU between India and Uzbekistan on Cooperation in the Sphere of Law & Justice,ccess to all with 50 megabit per second speed, 5G services and create 40 lakh new jobs by 2022.
India And Morocco Signed MoU to Enhance Cooperation In MSME Sector
India and Morocco signed an MoU for deepening cooperation between MSME sectors of the two countries in Rabat, Morocco yesterday. The MoU was signed by CMD, National Small Industries Corporation (NSIC), Ravindra Nath and Director General, Maroc PME, Mr. Rabri Barrazouka. Through this MOU, the NSIC and Maroc PME will work together to enhance cooperation opportunities for MSMEs of both countries. It will facilitate transfer of Indian technologies and products to Morocco.
India and Oman Agree to Enhance Bilateral Cooperation
Sayyid Badr Saud Harib Al Busaidi, the Minister Responsible for Defence Affairs, Sultanate of Oman, is on an official visit to India at the invitation of Raksha Mantri Smt Nirmala Sitharaman. The Omani Minister met with Raksha Mantri in South Block.
The three wings of the Armed Forces hold staff talks and advanced joint exercises with each other. Several enabling agreements and Memoranda of Understanding have been signed between the two countries pertaining to defence related issues.
IAF Successfully Test Fires Air-To-Air Astra Missile
Astra, the indigenously developed Beyond Visual Range Air-to-Air Missile (BVRAAM), was successfully test-fired by the Indian Air Force from Su-30 aircraft, today from Air Force Station, Kalaikunda.
The missile successfully engaged a manoeuvring target with high precision meeting the mission objectives.
Argentina Gets Biggest Loan in IMF's History At $57 billion
Argentina has received the biggest loan package ever from the International Monetary Fund, aimed at shoring up the country’s ailing finances: a whopping $57.1bn that will be disbursed over the next three years.
“This is the biggest loan in the history of the IMF,” said the fund’s director, Christine Lagarde, on Wednesday as the final loan agreement was announced in New York.
World Tourism Day: 27 September
World Tourism Day is observed every year globally on 27th September. It is a unique opportunity to raise awareness on the potential contribution of digital technologies to sustainable tourism development.
“Tourism and the Digital Transformation” is the theme of this year’s World Tourism Day (WTD). Hungary is the host country for this year's WTD.
PM Modi Got UN’s Highest Environmental Honour
Prime Minister Narendra Modi has been awarded with the UN’s highest environmental honour, also given to five other individuals and organisations, for his leadership of the International Solar Alliance and pledge to eliminate single use plastic by 2022.
Six of the world’s most outstanding environmental changemakers have been recognised with the Champions of the Earth Award. “This years’ laureates are recognised for a combination of bold, innovative and tireless efforts to tackle some of the most urgent environmental issues of our times,” the UN Environment Programme said.
IISc Bengaluru Tops India in Global List Of Best Institutes
No Indian institution figures in the top 250 of the Times Higher Education’s (THE) world university rankings 2019, though the Indian Institute of Science, Bengaluru, has retained its position as the highest-ranked centre in the country, while the Indian Institute of Technology-Indore has risen to the highest position behind it.
The rankings, released on Wednesday, show Oxford continues to hold the first place, Cambridge second, and Stanford third. The Massachusetts Institute of Technology rose one place to number four.
