DAILY GK 4 AUG 2019
1. PARLIAMENT
PASSED AIRPORTS ECONOMIC REGULATORY AUTHORITY OF INDIA (AMENDMENT) BILL 2019
✔Parliament
passed the Airports Economic Regulatory Authority of India (Amendment) Bill,
2019 which amends the Airports Economic Regulatory Authority of India Act,
2008.
✔The
new bill increases the threshold of annual passenger traffic for major airports
to over 35 lakh from 15 lakh. It is increased as the number of air traffic
passengers has been increased 117 million from 2008 to 345 million.
✔Tariff
determination: Under the Act, AERA is responsible for determining the tariff
for aeronautical services at different airports every 5 years, development fees
of major airports, and the service fee of passengers.
2. WORLD’S
FIRST ULTRA-FAST HYPERLOOP PROJECT GRANTED TO MAHARASHTRA
✔The
infrastructure project status worth $10billion was granted to Maharashtra by
India, to establish the world’s first ultra-fast Hyperloop project.
✔This
project stretching over 117.5km, will link Mumbai with the neighbouring city of
Pune and travels to the destination in about 35 minutes.
✔Hyperloops
freight at speeds up to 1200 km per hour using magnetic to levitate pods inside
an airless tube.
3. RS.1.5
CRORE SLAPPED ON BANK OF INDIA BY RBI
✔Penalty
of Rs.1.5 crore was fined on Bank of India over “non-compliance with direction
on frauds” in Rotomac group companies.
✔The
penalty amount was ordered to be paid within 14 days of receipt of RBI’s order.
✔Further
7 more banks were imposed penalty for violating norms. They are Allahabad bank
(Rs.2 crore), Bank of Maharashtra (Rs.2 crore), Indian Overseas Bank ( RS.1.5
crore), Oriental Bank of Commerce( Rs.1crore), Union Bank of India(Rs.1.4
crore), Bank of Baroda ( Rs.1.5 crore).
✔Corporation
bank was fine Rs.1crore for non-compliance with RBI directions on
cybersecurity.
4. SBI’S
SHANGHAI BRANCH BECOMES THE 1ST INDIAN BANK CONNECTED TO CNAPS
✔The
State Bank of India’s Shanghai branch is now connected to China’s National
Advance Payment System (CNAPS).
✔SBI
is the only Indian bank to have obtained the license to do business in local
currency and also inducted to the CNAPS by the People’s Bank of China.
✔SBI
Shanghai can also offer the real-time transfer of local funds within China by
routing them through the PBOC. The CNAPS, launched in 2008 by People’s Bank of
China provides real-time settlement services for all payments.
5. SIDDHARTHA
MOHANTY TAKES CHARGE AS MD&CEO OF LIC HOUSING FINANCE
✔Siddhartha
Mohanty has assumed charge as MD & CEO of
LIC Housing Finance, one of the largest housing finance companies in
India.
✔He
replaces Shri Vinay Shah.
