1.While public sector banks have claimed a ₹1,50,960 crore reduction in their non-performing asset levels over 2017-18, only 27% was actual recoveries, according to data provided by RBI Governor Urjit Patel.Public sector banks saw a ₹1,50,960 crore reduction in their NPA levels from the start of financial year 2017-18 till December 31, 2017.NPA refers to loans or advances that are in default.
2.President Ram Nath Kovind will embark on a three-nation tour to Greece, Suriname and Cuba.On the first leg of the visit, the President will leave for Athens. President Kovind will leave for Suriname on the 2nd leg.A number of agreements and MoUs in the areas of health and medicine, elections, IT, Ayurveda are scheduled to be signed.
3.Government is considering a proposal to raise the pension limit under Atal Pension Yojana to up to ₹10,000 per month from the existing slab of up to ₹5,000.Pension is given by the Pension Fund Regulatory and Development Authority.Currently, the age of entering APY is from 18-40 years but an increase in the same by another 10 years from 18-50 years will help in expanding the subscriber base.
4.Young long-distance runner Gavit Murali Kumar bagged a gold in men’s 10,000 m race at the Gouden Spike meeting in Leiden, Netherlands.He became the second fastest Indian in this event.The 21-year-old Kumar, a bright talent from Gujarat, clocked a personal best of 28 minutes 43.34 seconds, the best by an Indian in the ongoing season.
5.Odisha CM Naveen Patnaik announced that the state government would launch a new scheme which will provide health care assistance of Rs 5 lakh per family in government hospitals to around 3.5 crore people.CM announced that the “Biju Swasthya Kalyan Yojana” will be launched on August 15.It will provide health care benefits to around 3.5 crore people from over 70 lakh families in the state.
6.NSE launched ‘Tri-Party Repo Market’ platform in its debt segment to facilitate repurchase of corporate debt securities.The platform is a kind of repo contract where a third entity, apart from the borrower & lender, called tri-party agent acts as an intermediary.It facilitates services like collateral selection, payment and settlement, custody & management during the life of transaction.
7.US has decided to provide security guarantees to North Korea, in exchange of Pyongyang’s firm and unwavering commitment to complete denuclearisation of the Korean Peninsula.This is according to the joint document which was signed by US President Donald Trump and North Korean leader Kim Jong Un.Both nations commit to establishing new relations in accordance with the desire of the people.
8.The Securities and Exchange Board of India (SEBI) has constituted an expert committee to examine the possibillity of allowing unlisted Indian companies to do a direct equity listing overseas.The expert committee will comprise 9 members.Currently, Indian companies can only use the depository receipts route to list on the overseas exchanges.
9.Ten new iconic sites have been taken up under Phase III of the flagship project Swachh Iconic Places (SIP) of the Swachh Bharat Mission.Places are: RaghavendraSwamy Temple, Hazardwari Palace, Brahma Sarovar Temple, VidurKuti, Mana village, Pangong Lake, Nagvasuki Temple, ImaKeithal/market, Sabarimala Temple and Kanvashram.The project is under Ministry of Drinking Water and Sanitation.
10.Exercise SURYA KIRAN-XIII, a joint military training exercise between India & Nepal culminated at Pithoragarh.The troops of both Armies participated in 14-day long joint training based on counter-terrorist operations.The training culminated with a 72-hour outdoor exercise in which troops of both contingents carried out a Cordon and Search Operation in a mock counter-insurgency village.
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