Top GKToday’s News Headlines-14 March 2020

Here are Top GKToday’s News Headlines for 14 March, 2020

INDIA

  • Delhi Assembly passes resolution against the National Population Register (NPR) and the National Register of Citizens (NRC)

ECONOMY & CORPORATE

  • BSE Sensex ended 1,325.34 points or 4.04 per cent higher at 34,103.48
  • The NSE Nifty settled 365.05 points, or 3.81 per cent, up at 9,955.20
  • India’s foreign exchange reserves rise USD 5.69 billion to reach an all-time high of USD 487.23 billion in the week to March 6
  • RoDTEP (Remission of Duties and Taxes on Export Products) to replace MEIS (Merchandise Export Incentive Scheme) for boosting exports
  • RBI revises exposure limits for urban cooperative banks (UCBs) to a single borrower and a group of borrowers to 15% and 25%   respectively, of tier-1 capital.
  • RBI unveils regulatory guidelines for implementation of Indian Accounting Standards (Ind AS) by NBFCs (non-banking financial companies) and ARCs (asset reconstruction companies) while preparing their financial results
  • Cabinet approves 4% increase in dearness allowances (DA) for central government employees and pensioners
  • Coronavirus: Govt. declares face masks and hand sanitizers as essential commodities for the next 100 days
  • Cabinet approves construction of 780 km of green highways at a cost of Rs 7,660 crore in four states — Himachal Pradesh, Rajasthan, Uttar Pradesh and Andhra Pradesh
  • ‘BhoomiRashi’ Portal significantly expedited process of land acquisition for National Highways: Ministry of the Road Transport and Highways

RECONSTRUCTION SCHEME FOR YES BANK

  • Union Cabinet approves reconstruction scheme for Yes Bank as proposed by RBI
  • SBI will invest Rs 7,250 crore for 49% equity in Yes Bank
  • Axis Bank and HDFC will invest up to Rs 600 crore and Rs 1,000 crore respectively in Yes Bank
  • The authorised capital of Yes Bank has been increased to Rs 6,200 crore from Rs 1,100 crore.

WORLD

  • UK accepts India’s appeal against closure of Ambedkar House in north London
  • Greece: Former high court judge Katerina Sakellaropoulou sworn in as the first woman President

SPORTS

  • Saurashtra (425, 105/4) clinch Ranji Trophy cricket title by defeating Bengal (380) at Rajkot by virtue of their first innings lead
  • Czech Republic’s Dana Zatopkova, 1952 Olympic women’s javelin champion, dies aged 97 in Prague

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