Current Affairs for SSC CGL Exams - 28 JUNE 2019
Centre signs loan agreement with world bank for improved health service in
- India has signed a loan agreement of 328 million dollars with the
World Bank for improved health services in Andhra Pradesh.
- The agreement which was signed in New Delhi on Thursday between
the Government of India, Andhra Pradesh and the World Bank will help to
improve the quality and responsiveness of public health services in Andhra
- Finance Ministry said Andhra Pradesh has demonstrated a strong
commitment to improving health outcomes.Maternal mortality ratio in the
state declined by 52 per cent and infant mortality fell to 35 per one
thousand live births from 54.
India expresses concern over online hate speech
- India has expressed its concern over the use of social media by
terrorists to radicalise youth and has called for multi-stakeholder
engagement to address challenges of hate speech online.
- India's Deputy Permanent Representative to the United Nation,
Ambassador K Nagaraj Naidu said that India watches with concern the
groundswell of antisemitism, racism, intolerance and xenophobia in a world
interconnected through technology.
- He was speaking at the informal meeting of the General Assembly on
'Combating Antisemitism and Other Forms of Racism and Hate.
- He emphasised that issue of commitment from technology companies
to abide by higher standards of regulations regarding content need to be
RBI claims decline in gross NPA’s
- Gross non-performing assets in the banking system have declined
for the second consecutive half year, while credit growth is picking up, the
Reserve Bank of India (RBI) said in the half yearly Financial Stability
- Following capital infusion by the government in public sector
banks, the overall capital adequacy ratio of commercial banks improved from
13.7% in September 2018 to 14.3% in March 2019, with state-run banks’ CAR
improving from 11.3% to 12.2% during the period. However, there was a
marginal decline in the CAR of private sector banks
- In his foreword, RBI Governor Shakti kanta Das said state-run
lenders showed a noticeable improvement with recapitalisation, with both
provision coverage as well as capital adequacy improving, though a
significant rise in provisioning had impacted the bottomline.
- With the number of banks having more than 20% gross NPAs coming
down in March 2019, RBI said this implied a broader improvement in asset
quality. Credit growth of public sector banks were at 9.6% while private
lendsers continue to robust growth of 21%. Overall credit growth marginally
improved to 13.2% in March 2019 from 13.1% in September 2018.
SEBI tightens norms for mutual fund investments
- In a reaction to a series of credit-related events that put
investor money at risk, markets regulator Securities and Exchange Board of
India (SEBI) on Thursday tightened norms on investments by mutual funds (MFs).
- Last month, the markets watchdog had questioned the legality of an
agreement between some fund houses and the Essel Group, giving the business
house time till September to repay its dues.
- Early this year, the Anil Ambani-led Reliance Group had reached an
understanding with more than 90% of its lenders to avoid sale of any stock
pledged by the promoters until September 30.
- This was despite the collateral cover shrinking and margins
contracting following an unprecedented fall in share prices of the group
- In a further tightening, promoters, promoter groups and persons
acting in concert (PACs) will need to disclose the reason for creating an
encumbrance as soon as 20% of their share capital is leveraged.
India wins renewable energy case against US in WTO
- A World Trade Organisation,WTO dispute resolution panel has ruled
in favour of India in a case against the United States. The panel stated
that America's domestic content requirements and subsidies provided by eight
of its states in the renewable energy sector are violative of global trade
- The panel concluded in its ruling that "the measures" of the US
"are inconsistent" with certain provisions of the General Agreement on
Tariffs and Trade,GATT. It said the US has "nullified or impaired benefits
accruing to India under that agreement".
- The GATT aims to promote trade by reducing or eliminating trade
barriers like customs duties.
- The ruling stated that ten measures implemented by the US
pertaining to renewable energy sector are inconsistent with its obligations
under GATT 1994.
- In September 2016, India had dragged the US to WTO's dispute
settlement mechanism over America's domestic content requirements and
subsidies provided by eight states in the renewable energy sector.
::SCIENCE & TECHNOLOGY::
Nuclear capable Prthvi 2 missile test fired
- India successfully test-fired indigenously developed
nuclear-capable missile Prithvi-II as part of a user trial by the Army from
a test range off the Odisha coast.
- The trial of the surface-to-surface missile, which has a strike
range of 350 km, was carried out from a mobile launcher from Launch
Complex-III of the Integrated Test Range, ITR at Chandipur.
- The missile is capable of carrying 500 to 1000 kg of warheads and
is powered by liquid propulsion twin engines.
- Prithvi-II was also successfully test-fired on 21st February, last
year from the ITR at Chandipur.