Lewis Hamilton finally gets his 100th Grand Prix victory albeit in a race that was heartbreaking for Lando Norris. The McLaren driver Red Bull’s Max Verstappen, who started last, finished second and Carlos Sainz ended third. Max Verstappen (Red Bull – Netherlands) came second while Valtteri Bottas (Mercedes-Finland) came third in the Russian Grand Prix 2021.
Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021, exposures to securitisations that are STC (simple, transparent, and comparable)-compliant can be subject to the alternative capital treatment. As per the guidelines of RBI, the minimum ticket size for the issuance of securitization notes will be Rs.1 crore. What is Securitisation? Securitisation involves transactions where credit
RBI fixes minimum ticket size for issuance of securitisation notes at Rs.1 crore Read More »
The Reserve Bank of India has allowed lenders/banks to transfer loans that have been classified as fraud by these lenders to Asset Reconstruction Companies (ARCs). Stressed loans including fraud loans that are in default for more than 60 days or classified as NPA are permitted to be transferred to ARCs. Banks will now be able to transfer to
RBI allows lenders to sell fraud loans to Asset Reconstruction Companies Read More »
Ministry of Defence (MoD) signed a contract with M/s Airbus Defence and Space, Spain for the acquisition of 56 C-295MW transport aircraft for the Indian Air Force, on September 24, 2021. The MoD has also signed an Offset Contract with M/s Airbus Defence and Space through which M/s Airbus will discharge its offset obligations through
The Supreme Court has introduced the ‘Fast and Secured Transmission of Electronic Records’ (FASTER) system, by which the crucial decisions can be communicated electronically to prison authorities and investigating agencies. A three-judge bench of Chief Justice N.V. Ramana, Justice Nageswara Rao and Justice Surya Kant has instructed state governments, Union territories, prison departments, and other authorities concerned
Prime Minister Narendra Modi reached New York to address the 76th session of the United Nations General Assembly. PM Modi is the first world leader scheduled to address the UN General Assembly. The UN General Assembly session is likely to commence from 6.30 pm IST. The theme of the 2021 UN General Assembly session was building
PM Narendra Modi addresses 76th session Of UN General Assembly Read More »
World Tourism Day is observed worldwide on September 27 since 1980. This date was chosen by the United Nations World Tourism Organization (UNWTO) as on that day in 1970, the Statutes of the UNWTO were adopted. The purpose of this day is to raise awareness of the role of tourism within the international community and to demonstrate how it affects
Which Ex-Prime Minister of UK has been appointed as WHO Ambassador for Global Health Financing by WHO? A. David Cameron B. Gordon Brown C. Tong Blair D. John major Answer: Gordon Brown Explanation: The World Health Organization announced the appointment of The Rt Hon Gordon Brown, former Prime Minister of the United Kingdom, as WHO
In which state in India, the first Dugong Conservation Reserve is going to be built? A. Odisha B. Kerala C. Andhra Pradesh D. Tamil Nadu Answer: Tamil Nadu Explanation: The State Government of Tamil Nadu recently announced its plan to set up India’s first Dugong Conservation Reserve in the Palk Bay on the southeast coast.
In which state in India, the first Dugong Conservation Reserve is going to be built? Read More »
Consider the following statements with reference to the ‘First in-person Quad Leaders’ Summit’. 1. The Quadrilateral Security Dialogue (QUAD) is the informal strategic dialogue between India, USA, Japan and UK. 2. US president Joe Biden is hosting all the leaders at the White House. 3. The summit had been begun on Sept 24, 2021. Choose
