1.Investments in the Indian capital market through Participatory notes (P-notes) increased to Rs 79,247 crore in November 2018.P-notes are issued by registered foreign portfolio investors to overseas investors who wish to be part of the Indian stock market without registering themselves directly.The funds’ inflow through P-notes in October 2018 was 69,445 crore rupees.
2.In Assam, the third Dwijing Festival was inaugurated on the bank of Aye river at Chirang district on w27 December 2018.The festival is being organised jointly by Assam’s tourism department, Assam Tourism Development Corporation (ATDC) and Bodoland Tourism.The festival would focus on contemporary attractions of Bodoland Territorial Area Districts- Kokrajhar, Chirang, Baska and Udalguri.
3.President Ram Nath Kovind has given assent to two bills from Tamil Nadu and Himachal Pradesh.The ‘Himachal Pradesh Early Childhood Care and Education Centers Bill, 2017’ aims to ensure quality education to children.The ‘Tamil Nadu Vanniyakula Kshatriya Public Charitable Trusts and Endowments Bill, 2018’ aims to create a board to maintain and administer public charitable trusts.
4.The Union Cabinet approved the submission of India’s second Biennial Update Report (BUR) to the United Nations Framework Convention on Climate Change (UNFCCC).As per the report, India emitted around 2.607 billion tonnes of carbon dioxide equivalent of Green House Gases in 2014.India had submitted its first BUR in 2016.The scope of BUR is to provide an update to India’s 1st BUR to UNFCCC.
5.Finding Beauty in Garbage’ received the Best Short documentary film award in ‘Asia South East International Short Film Festival’ in Cambodia on 28 December 2018.The Film which is based on the garbage of Dibrugarh town in upper Assam.The seven-minute film was produced, directed, and scripted by Satyamam Dutta who is an Indian Revenue Service (IRS) Officer presently posted in Dibrugarh.
6.Public Sector Banks (PSBs) approved more than 1.12 lakh loan applications of MSMEs worth of 37,412 crore rupees under the ’59 minutes’ loan scheme.The scheme was launched by the government of India in November 2018.GST-registered Micro, Small and Medium Enterprises (MSMEs) can take the loan up to one crore in just 59 minutes through ‘psbloansin59minutes.com’ portal.
7.The Reserve Bank of India extended the enhanced single borrower limit facility for Non-Banking Finance Company (NBFC) sector by 3 months.It has now been extended up to March 31, 2019This will provide much-needed liquidity support to NBFCs.In October 2018, RBI increased the single borrower limit for NBFCs from 10% to 15% of capital funds.
8.India will provide Bhutan a transitional trade support facility of Rs 400 crore over a period of five years.The amount will help in strengthening the bilateral trade & economic linkages between India and Bhutan.India and Bhutan reiterated their commitment to jointly develop 10,000 MWs of hydropower generating capacity in Bhutan and in this regard discussed the ‘Sankosh Hydropower’ Project.
9.The Reserve Bank of India (RBI) relaxed the restrictions placed on the City Co-operative Bank Ltd., by allowing the depositors to withdraw ₹5,000.In April 2018, the RBI barred the bank from extending fresh loans or making a new investment without prior approval and depositors were allowed to withdraw ₹1,000.City Co-operative Bank Ltd. is based in Mumbai and its Chairman is Anandrao Adsul.
10.As per the RBI Data, ICICI bank topped the list of those taking action against staff for their involvement in frauds during the three years through 2015 to 2017.SBI was at the second position in terms of action initiated against employees involved in frauds, followed by Punjab National Bank.In all, banks took action against 13,949 officials, of which 16 %, or 2,236, belonged to ICICI.
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