Important Financial and Banking Affairs 26th & 27th March with PDF download

Hello friends, This is the Updates of Banking Affairs  26 & 27 March 2017. This will helpful for tackling Banking awareness section in SBI, IBPS, SSC, UPSC Exams.

1.SEBI bans Reliance equity for one year

• Securities and Exchange Board of India has banned Reliance Industries and 12 other entities from equity derivatives trading for one year.
• The case relates to alleged fraudulent trading in the futures and options (F&O) space in the securities of RIL’s erstwhile listed subsidiary Reliance Petroleum Ltd.
• SEBI was established in the year1988 and given statutory powers through the SEBI Act, 1992.

2.Employee’s Compensation (Amend.) Bill

• The Amendment bill provides payment of compensation to employees and their dependants in the case of injury by industrial accidents, including occupational diseases.
• The Bill introduces a provision which requires an employer to inform the employee of his right to compensation under the Act.
• The Bill penalises an employer if he fails to inform his employee of his right to compensation.

3.Committee on absconding IT officers

• The Central Board of Direct Taxes (CBDT) has constituted a committee to identify those IRS and other junior-rank officers of the Income Tax department who are on unauthorised leave or are absconding.
• The committee is headed by an officer of the rank of Additional Director General (ADG).
• The committee, which was formed on March 20, has been asked to submit its report within two months

4.Construction of 1cr tonne capacity silos

• The Centre has approved construction of one crore tonne capacity silos for storage of foodgrains by the end of year 2019-20.
• These silos will be constructed by Food Corporation of India (FCI) as well as State Governments in Public Private Partnership mode in a phased manner.
• A silo is a structure for storing bulk materials. Silos are used in agriculture to store grain.

5.Govt merges ‘autonomous’ tribunals

• The government has merged several powerful administrative tribunals and assumed powers to appoint and remove their chiefs.
• The Central Administrative Tribunal has been established for adjudication of disputes with respect to recruitment and conditions of service of persons appointed to public services.
• This was done in pursuance of the amendment of Constitution of India by Articles 323A.

6.NCLT gives nod for Cairn-Vedanta merger

• The National Company Law Tribunal approved the metals and mining firm Vedanta’s merger with its cash-rich oil subsidiary Cairn India, paving the way for the formation of the 4th-largest resource company in the world after BHP Billiton, RioTinto and Glencore Plc.
• NCLT is a quasi-judicial body. The NCLT was established under the Companies Act 2013.

7.Successfully test fires Barak 8 missile

• The Navy has successfully conducted the maiden trial firing of newly installed surface-to-air Barak missile system from its aircraft carrier INS Vikramaditya.
• Barak 8 is an Indian-Israeli S-A-M, designed to defend against any type of airborne threat including aircraft, helicopters, anti-ship missiles, and UAVs as well as cruise missiles and combat jets out to a maximum range of 70 km.

8.Rai conferred with Photography award

• Raghu Rai was honoured with the award by information and broadcasting (I&B) minister Venkaiah Naidu at 6th National Photography Awards.
• National Photography Awards is an annual event organized by the ministry to “promote art, technique of photography. Rai was awarded Photographer of the Year award by the US in 1992.

9.Tata Capital launches app ‘myLoan’

• Financial services company Tata Capital launched a mobile app to extend its personal loans offering to young and mobile savvy audience.
• The app – ‘myLoan’ is a social profile based personal loan mobile application. The app offers personal loans up to a maximum of 15 lakh.
• Tata Capital is a non-banking financial company that undertakes fund- and fee-based activities in the financial sector.

10.SWADHAR GREH SCHEME

• Swadhar Greh Scheme targets the women victims of unfortunate circumstances who are in need of institutional support for rehabilitation so that they could lead their life with dignity.
• The Scheme envisages providing shelter, food, clothing and health as well as economic and social security for the women victims of difficult circumstances.
• The implementing agencies are mainly NGOs.

You can also read Today’s:

• Current affairs
• Government Job Notifications

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