Current Affairs Current Affairs February 2019

 Golfer Vani Kapoor has become the first Indian to grab Australian Ladies PGA Tour (LPGA) after securing 12th Rank tied with three others in the first-ever qualifying tournament at the Ballarat Golf Club in Australia. Total 81 players participated in the Qualifying tournament out of which top-20 earned the card for LPGA.
Source: India Today

 The INS Dronacharya team won the Regatta trophy in the Kochi Area Pulling Regatta 2019 of the Southern Naval Command (SNC) held in the Ernakulam Channel. Anti-Submarine Warfare (ASW) School & Diving School secured the runners up position. The Boat Pulling Regatta is one of the most prestigious and traditional naval sportingactivities conducted by the Navy. Six teams, formed from all major units of SNC based at Kochi, participated in the regatta.
Source: The Business Standard

 Ministry of External Affairs announced that Sanjiv Ranjan has been appointed as new Ambassador to the Republic of Colombia. Ranjan, who is the current Ambassador to Argentina, is expected to take up the assignment shortly. Ranjan who is a 1993 batch Indian Foreign Service officer holds a bachelors in Economics from Delhi University and an M.A. in International Relations from Jawaharlal Nehru University.
Source: MEA

  Yes bank Senior group President and head of retail and business banking, Pralay Mondalresigned from his post. He will serve his notice until 31st March 2019. Pralay Mondal joined Yes Bank in 2012. The bank recently named Ravneet Gill as its new MD and CEO. Former CEO Rana Kapoor has demitted office and Ajai Kumar will be the interim chief till Gill takes over.
Source: The Money Control

  On the recommendation of Cabinet Secretary P K Sinha, the government constituted a committee under the Central Electricity Authority (CEA) to explore prepaid payments by state electricity distribution companies to power plants. The formed committee, consist of the chairman of distribution companies of Tamil Nadu and Maharashtra, and representatives from Union power ministry and power associations to look into problems of delayed payments from distribution companies to power generators. The CEA led committee has been asked to submit its recommendations to the power ministry in one month.
Source: The Economic Times

 World Wetlands Day is celebrated every year on the 2nd of February to raise global awareness on the value of wetlands for humanity and the planet. The theme of World Wetlands Day 2019 is ‘Wetlands and Climate Change’. Wetlands play a critical role in storing carbon and reducing the impact of extreme weather events associated with climate change. They reduce flooding, replenish drinking water, filter waste, provide urban green spaces and are a source of livelihoods.
Source: WWD.org

 Former Planning Commission member and ex-director of IIMC Hiten Bhaya passed away in Delhi. Bhaya was 98. Bhaya was a member of the Planning Commission in the Rajiv Gandhi government and had also served as director of the Indian Institute of Mass Communication (IIMC) and chairman of Hindustan Steel.
Source: The Business Standard

  Bank of India, Bank of Maharashtra and Oriental Bank of Commerce have been allowed to exit the PCA framework fully. The three lenders were part of 11 government-owned banks put under the framework in 2017 and 2018. In December, the government had announced a capital infusion of Rs 10,000 crore for Bank of India, Rs 5,500 crore for Oriental Bank of Commerce and Rs 4,500 crore for Bank of Maharashtra, which helped the banks coming out of the framework. The RBI had invoked PCA for Bank of Maharashtra in June 2017, Oriental Bank of Commerce in October and Bank of India went into the framework in December that year. The RBI’s decision to impose lending restrictions on these banks had become a flashpoint between the regulator and the government, which wanted the lending capacity to be freed up.
Source: BloombergQuint

  The United Nations announced 2019 as the International Year of the Periodic Table of the Chemical Elements to highlight its first publication in 1869. The periodic table was first designed by the Russian scientist Dmitri Ivanovich Mendeleev. The announcement by the United Nations will help to raise the profile of how chemistry can provide solutions to global challenges in agriculture, education, energy and health. This year marks the 150th anniversary of the first publication of the periodic table by Mendeleev.
Source- The Hindu

  ‘Kisan Suvidha loan’ for small and marginal farmers has been launched by Ujjivan Small Finance Bank. The scheme will attempt to reach the bottom of the pyramid with products and services. Kisan Suvidha loan can be used by farmers for both agriculture and allied activities. The product is specially designed to cater to the needs of customers for various allied and agricultural activities. It provides loans to individuals with an amount ranging from Rs. 60000 to Rs. 2 Lakh to fulfill the customized needs of the mass market segment.
Source: Times Of India


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