1.The RBI issued detailed Net Stable Funding Ratio (NSFR) guidelines to ensure that banks maintain a stable funding profile in relation to the composition of their assets and off-balance sheet activities.The guidelines on NSFR are in line with global norms prescribed by the Basel Committee.The NSFR would be applicable for Indian banks at the solo as well as consolidated level.
2.Union Cabinet has approved setting up of a National Institute of Mental Health Rehabilitation at Bhopal.The main objectives of NIMHR are to provide rehabilitation services to people with mental illness and advanced research in mental health rehabilitation.
3.RBI modified the norms for setting up IFSC Banking Units.In April 2015, the Reserve Bank had formulated a scheme for setting up of International Financial Services Centres (IFSC) Banking Units (IBUs) by banks in IFSCs.To enable IBUs to start their operations, the parent bank will be required to provide a minimum capital of USD 20 million.The government has set up an IFSC in Gujarat.
4.US-based Kathak dancer Anindita Anaam was honoured with the prestigious ‘Shri Jayadev Rashtriya Yuva Pratibha Puraskar 2018’ for outstanding contribution to the field of art.The award was presented to the Kathak exponent during the ‘Jayadev International Dance Festival’.The festival is organised under the aegis of Odisha’s culture department and National Culture Mission.
5.The Border Roads Organisation (BRO) has created history by establishing a road link to India’s border with China beyond Limeking and along the Tama Chung Chung-Taksing Axis recently.The road from Limeking now connects TCC to Taksing, covering a distance of approximately 80 kilometers.BRO develops and maintains road networks in India’s border areas. It comes under the Ministry of Defence.
6.A cyclonic storm named Sagar has formed in the Gulf of Aden.Cyclone Sagar is the first cyclonic storm of the season in Indian waters.Gulf of Aden is located in the Arabian Sea and is surrounded by Yemen, Djibouti and Somalia.
7.World Hypertension Day was observed all over the world yesterday on May 17th, 2018.The objective of observing this day is increasing high blood pressure awareness in all populations around the world.The theme for this year is ‘Know Your Numbers’.
8.For the first time, an International Rail Coach Expo (IRCE) is being held in Chennai.The expo which is being held from 17th to 19th May will focus on Rail Coaches and train sets.It will be a unique platform to bring different suppliers under one roof and create synergy for “Make in India”.
9.The Uttarakhand Cabinet organised a meeting in a boat named Marina on the Tehri Reservoir.Uttarakhand Chief Minister Trivendra Singh Rawat was present for the cabinet meeting.Notably, a cabinet meeting was held outside the capital of the state for the first time ever.Famous Tehri Dam is located on the river Bhagirathi.
10.PM Narendra Modi will lay the foundation stone of the Zojila tunnel on 19 May in Jammu and Kashmir.The tunnel is being built to check the growing influence of Pakistan and China in the Ladakh region.The contract for the project has been awarded to IL & FS.Zojila Pass is known as the gateway to Ladakh region and connects Kargil and Leh with Srinagar.
0 Comment to "ONE LINER OF THE DAY 18th May 2018."
Post a Comment