Current Affairs
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Important Current Affairs 9th November 2018 English

National News    

RBI may set-up a digital payments ombudsman by March 2019

09 November 2018 Current Affairs: The Reserve Bank of India (RBI) may set-up an ombudsman for digital payments by March to reduce the burden on banking ombudsman because of a rising number of complaints.

Who is the Banking Ombudsman?

The Banking Ombudsman actually is a senior official appointed by the RBI to redress customer complaints against pitfalls in the stipulated banking services covered by the Banking Ombudsman Scheme 2006.

The Banking Ombudsman may award compensation not exceeding Rs 1 lakh to the complainant for mental agony and harassment.


Allahabad Bank to get 3,054 crore capital infusion from govt


•    State-run Allahabad Bank on Thursday said the Centre is infusing Rs 3,054 crore into it during the current fiscal.

•    Allahabad Bank had posted a loss of Rs.1, 944 crore in the June quarter compared to a profit of Rs. 28.8 crore a year ago.

•    The bank received Rs. 1,790 crore as capital from the government in July this year.

•    Reserve Bank of India (RBI) had imposed additional restrictions on the bank under the Prompt Corrective Action (PCA) framework in May this year.

Cabinet clears strategic sale of government stake in Dredging Corporation
 

The Union Cabinet on Thursday approved the strategic sale of government stake in Dredging Corporation of India to a consortium of four ports.

The government currently holds 73.44 per cent in Dredging Corporation of India Ltd (DCIL).

Every graduate girl in Bihar to get Rs 25,000 now

 •    Bihar government has approved a proposal to pay Rs 25,000 to every girl graduating in 2018 and onwards.

•    The one-time payment will be made to every girl who graduated from the colleges of the state on or after April 25 this year, irrespective of pass division, community or region.

•    The Cabinet alloted 300 crore rupees for disbursal of this payment to an estimated one lakh twenty thousand girls expected to clear their graduation course this year.

•    The scheme is a part of a larger government scheme that aims to pay each girl 54 thousand rupees including the payments made to her, right from birth to graduation.

Defence News

Bilateral Exercise SIMBEX 18 - marks Silver Jubilee this Year

The 25th edition of SIMBEX, an acronym for “Singapore-India Maritime Bilateral Exercise” is scheduled from 10th to 21st November 2018 off Andaman Sea and Bay of Bengal.

Bilateral cooperation between Singapore and India was first formalised when RSN ships began training with the Indian Navy in 1994. 

SIMBEX 2018 will be the largest edition since 1994 in terms of scale and complexity. 


Defence Minister inducts K9 Vajra, M777 howitzer guns into Army

The Army on Friday inducted new artillery guns and equipment, including K9 Vajra and M777 howitzers, at Deolali artillery centre in Nashik district of Maharashtra.

The induction ceremony took place in the presence of Defence Minister Nirmala Sitharaman and Army chief General Bipin Rawat. 

International News

Cabinet approves extradition agreement with Morocco

Union Cabinet chiared by Prime Minister Narendra Modi on Thursday approved signing and ratifying the extradition agreement between India and Morocco.

The agreement will provide a strong legal base for the extradition of fugitive offenders who are accused of economic offences, terrorism and other serious offences in one contracting state and found in another contracting state.

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