Gross NPAs of PSBs touch over 6 lakh crores in July-September 2016

The Union Government has announced that the gross non-performing assets (NPAs) of the Public sector banks (PSBs) have touched around 66 lakh 40 thousand in the three months period from July to September 2016. As on September 30, 2016 gross ..

Month: Current Affairs - November, 2016

Union Government to introduce Direct Transfer of Fertilizer Subsidy

The Union Government has decided to introduce Direct Benefit Transfer (DBT) system for fertilizer subsidy payments. Under the proposed system, 100% subsidy on various fertilizer grades will be released to the manufacturers and importers on basis of actual sales made ..

Month: Current Affairs - November, 2016

Lt General AK Bhatt appointed as new DGMO

The Appointments Committee of Cabinet (ACC) has appointed Lt-General A K Bhatt as the new director-general of military operations (DGMO). He will succeed Lt-General Ranbir Singh who has been promoted and will take over 1 Corps (headquarters at Mathura), command ..

Month: Current Affairs - November, 2016

Taiwan carries out Rescue Exercise in Disputed South China Sea

Taiwan carried out a search-and-rescue exercise in the South China Sea to cement its hold over Taiping in the Spratly island group. Even though Taiwan claims all of the Spratlys, it only occupies Taiping. It carried out a drill simulating ..

Gross Non-Performing Assets of PSU banks touch over 6 lakh crores

The government has said that the Gross Non-Performing Assets (NPA) of public sector banks as of September 2016 has touched nearly six lakh thirty thousand crore rupees. The total number of NPA accounts in the country is around 66 lakh ..

Biggest Ever Coral Die-Off Recorded On Australia’s Great Barrier Reef

It is estimated that warm seas have killed nearly two-thirds of a 700 km stretch of coral in the reef’s north in the past nine months. This is the worst die-off ever recorded in Australia’s Great Barrier Reef and is ..