Page 4 - Digi Notes : General Awareness - Feb 21 to Feb 27, 2016
P. 4
www.mahendraguru.com
Oli arrives on 6-day visit
Prime Minister K.P. Sharma Oli, who arrived on a six-day visit to India is expected
to seal crucial bilateral agreements.
A literary Garbo who detested fame
Harper Lee, whose first novel, To Kill a Mockingbird, about racial injustice in a
small Alabama town, sold more than 10 million copies and became one of the
most beloved and most taught works of fiction ever written by an American, has
died.
She was 89.
GST Committee Amit Mitra named chairman
West Bengal Finance Minister Amit Mitra was named the new chairman of the
Empowered Committee of State Finance Ministers on Goods and Services Tax
(GST).
Mr. Mitra will succeed Kerala Finance Minister K M Mani who had to resign in
November over corruption charges.
State-run banks face RBI clampdown as key
ratios deteriorate
The Reserve Bank of India may impose restrictions on State-owned banks which
have reported lower than 0.25 per cent return on assets (RoA) due to a mountain
of bad debts that has put pressure on profitability.
As many as 13 listed public sector banks, out of 21, reported lower than 0.25 per
cent RoA for the nine month period ended 31, December.
The 0.25 per cent mark is crucial, since breach of that level invites a clamp down
by the banking regulator as a part of its Prompt Corrective Action norms.
Prompt corrective action is invoked if either, net NPAs go above 10 per cent,
capital adequacy ratio (CAR) falls below 9 per cent or RoA falls below 0.25 per
cent.
www.mahendraguru.com
Oli arrives on 6-day visit
Prime Minister K.P. Sharma Oli, who arrived on a six-day visit to India is expected
to seal crucial bilateral agreements.
A literary Garbo who detested fame
Harper Lee, whose first novel, To Kill a Mockingbird, about racial injustice in a
small Alabama town, sold more than 10 million copies and became one of the
most beloved and most taught works of fiction ever written by an American, has
died.
She was 89.
GST Committee Amit Mitra named chairman
West Bengal Finance Minister Amit Mitra was named the new chairman of the
Empowered Committee of State Finance Ministers on Goods and Services Tax
(GST).
Mr. Mitra will succeed Kerala Finance Minister K M Mani who had to resign in
November over corruption charges.
State-run banks face RBI clampdown as key
ratios deteriorate
The Reserve Bank of India may impose restrictions on State-owned banks which
have reported lower than 0.25 per cent return on assets (RoA) due to a mountain
of bad debts that has put pressure on profitability.
As many as 13 listed public sector banks, out of 21, reported lower than 0.25 per
cent RoA for the nine month period ended 31, December.
The 0.25 per cent mark is crucial, since breach of that level invites a clamp down
by the banking regulator as a part of its Prompt Corrective Action norms.
Prompt corrective action is invoked if either, net NPAs go above 10 per cent,
capital adequacy ratio (CAR) falls below 9 per cent or RoA falls below 0.25 per
cent.
www.mahendraguru.com
