Sunday, 11 March 2018

ONE LINER OF THE DAY 11th March 2018.


1.The Karnataka government unveiled the State flag (nada dhwaja ) for the state. If approved by the Centre, Karnataka will be the second State to have a flag after Jammu and Kashmir. The yellow-white-red flag has the State emblem at the center. The proposal will be now sent to the Union Home Ministry for approval since a State has no powers to announce its own flag.

2.The government has made providing passport details mandatory for taking loans of 50 crore rupees and above to ensure a SWIFT action in case of fraud and prevent fraudsters from fleeing the country.According to Financial Services Secretary, all existing loans of over 50 crore rupees, banks have been asked to collect passport details of borrowers within 45 days. 

3.Delhi youngster Tejaswin Shankar smashed his own national record to claim the high jump gold as three athletes booked their Commonwealth Games berths on the third and penultimate day of the 22nd Federation Cup Senior National Athletics Championships.

4.World champions Australia have lifted the coveted Sultan Azlan Shah Hockey title. In the final at Ipoh, Malaysia, they beat defending champions England by a narrow 2-1 margin. Australia has now won the prestigious tournament for the 10th time. Earlier, in the classification match for the 3rd place, Argentina finished third after beating Malaysia 3-2. The hosts ended at the 4th spot.

5.Commerce and Industries minister Suresh Prabhu was given additional charge of the Civil Aviation Ministry, a day after the resignation of TDP's Ashok Gajapathi Raju was accepted by President Ram Nath Kovind. The President, as advised by the Prime Minister, has directed that Suresh Prabhu, Cabinet Minister, shall be assigned the charge of the Ministry of Civil Aviation, in addition to his existing portfolio.

6.Financial services platform Paytm announced that its wholly-owned subsidiary, Paytm Money received approval of market regulator Securities and Exchange Board of India (SEBI) to become a registered investment advisor. The nod from Sebi will allow the company to roll out investment and wealth management products to consumers across the country.

7.The government has made providing passport details mandatory for taking loans of 50 crore rupees and above to ensure a swift action in case of fraud and prevent fraudsters from fleeing the country. Financial Services Secretary, Rajiv Kumar in a tweet for all existing loans of over 50 crore rupees, banks have been asked to collect passport details of borrowers within 45 days.  The Passport details will help banks to take timely action and inform the relevant authorities to prevent fraudsters from fleeing the country.  Last week, the Cabinet has approved the Fugitive Economic Offenders Bill to impound and sell assets of escapees with a view to quickly recover dues.  The proposed law will also apply to defaulters who have an outstanding of Rs 100 crore or more and have escaped from the country.  Several big defaulters like Nirav Modi, Mehul Choksi, Vijay Mallya and Jatin Mehta have fled the country putting the recovery mechanism in quandary.

8.Meja Dam in the mewar region of Rajasthan is the biggest dam of Bhilwara and the lake is home to number of mammals and birds. Bhilwara Meja Dam is located 20 km away from Bhilwara city and surrounding area is famous for its green mount park.

9.Matki Dance is mostly performed in the Malwa region of Madhya Pradesh, India. It is a solo dance performed by ladies on special occasions like weddings, birthdays, or any other special occasion.

10.Yes Bank is India's fifth largest private sector bank, founded by Rana Kapoor and Ashok Kapur in 2004. Yes Bank is the only Greenfield Bank licence awarded by the RBI in the last one decade.Head Office : Mumbai.

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