ONE LINER OF THE DAY 5th July 2018

1.According to Crisil research Small tickets, Unsecured loans have grown four times as much as total credits of the banking sector.Between financial years 2015-2018, unsecured loans, personal loans, SME credit and Credit card loans have risen to four times of credit.The lenders need to remain watchful and disciplined in credit underwriting going forward because unsecured loans are vulnerable.

2.According to MOODY’s survey Oil prices, Pace of Banks’ balance sheet clean-up and investment are the main risks to the Indian economy.These issues were raised at MOODY’s 4th annual India credit conference held at Mumbai and Singapore in June 2018.Banks have not been able to raise capital from equity market as planned under government’s recapitalization mesurer.


3.The world’s first digital art museum opened at the MORI Building Digital Art Museum in Tokyo, a collaboration between the developer and art collective TeamLab.Owing to projection-mapping technology, the artworks react to movement and touch, inviting visitors to imagine they possess new superpowers.In 2020 Tokyo Olympics and Paralympics visitors to Tokyo will experience something unique.

4.Union Ministers of Youth Affairs and Sports Rajyavardhan Singh Rathore announced that Sports Authority of India (SAI), will now be known as ‘Sports India’.SAI is a successor organization of the IXth Asian Games held in New Delhi in 1982.It aims at the joint preparation of long term sports-specific development plans by National Sports governing bodies and federations of India (NSFs).

5.The Reserve Bank of India has issued the license to Bank of China to launch operations in India.With this, Bank of China becomes the second Chinese bank after the Industrial and Commercial Bank of China to have a branch in India.Bank of China is one of the four biggest state-owned commercial banks in China.Bank of China opened its first branch in South Asia in Pakistan’s Karachi in 2017.

6.The Union Cabinet chaired by Prime Minister Narendra Modi has approved The DNA Technology (Use and Application) Regulation Bill 2018.The bill aims to expand the application of DNA based forensic technologies to support and strengthen the justice delivery system of the country.Bill’s provisions will enable the cross-matching between persons who have been reported missing.

7.The Cabinet has approved the extension of the scheme of recapitalization of Regional Rural Banks, RRBs for the next three years upto 2019-20.This will enable the RRBs to maintain the minimum prescribed Capital to Risk Weighted Assets Ratio, CRAR of 9%.There are 56 RRBs functioning in the country. As on 31st March, 2017(Prov.), the total credit given by RRBs is Rs.2,28,599 crore.

8.Union Cabinet gave its approval to rename the Agartala Airport, Tripura as ‘Maharaja Bir Bikram Manikya Kishore Airport, Agartala’.Maharaja Bir Bikram Manikya Kishore, ascended the throne of the erstwhile Tripura Princely State.Due to his initiative, an aerodrome at Agartala was constructed that is second busiest airport in the North East and provides crucial air connectivity to Tripura.

9.Shri Piyush Goyal launched the Coal Mine Surveillance & Management System (CMSMS) and Mobile Application ‘Khan Prahari’.It is developed by CMPDI, Ranchi a Subsidiary of CIL and Bhaskarcharya Institute of Space Application and Geo-informatics (BISAG).The basic objective of CMSMS is reporting, monitoring and taking suitable action on unauthorised coal mining activities.

10.UNESCO has come into an agreement with the Andhra Pradesh government to set up a ‘Design University for Gaming’ in Visakhapatnam.A UNESCO delegation met with CM Chandrababu Naidu and asked for 100 acres of land to develop the city as an ‘International Gaming and Digital Learning Hub’.They will develop edutech gaming in the state, with the target of providing 50,000 jobs in 10 years.

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Ravi Kumar Singh