Current Affairs News 21st Dec. 2017 ( Short News Paper of the Day )

Current Affairs News 21st Dec. 2017

Cabinet Approves
“Scheme for Capacity Building in Textiles Sector”
The Cabinet Committee on Economic Affairs has given
its approval
 for a new skill development scheme
covering the entire value chain of the textile sector excluding Spinning &
Weaving in organized Sector, titled “Scheme
for Capacity Building in Textile Sector (SCBTS)” from 2017-18 to 2019-20 with an outlay of Rs.
1300 crore.

RBI Puts United Bank of
India Under PCA
The
Reserve Bank of India has put Kolkata-based
United Bank of India under the prompt corrective action (PCA) framework. The
additional action points were in the view of high net non-performing assets,
low leverage ratio and need to raise capital.

The Union Cabinet chaired by PM Narendra
Modi Approves Establishing Indias 1st National Rail and Transportation
University

PM
Narendra Modi has approved the Ministry
of Railways transformative initiative to set up Indias first ever National Rail and
Transport University (NRTU) in Vadodara, Gujarat to skill its human resources and build
capability.
RBI Places Bank of India
Under PCA
The
Reserve Bank of India has placed Bank of India under the Prompt Corrective
Action Framework, consequent to the onsite inspection under the Risk-Based
Supervision Model carried out for the year ended March 2017.This is the first
time that the central bank has invoked PCA for a large bank of the size of BoI.
CCI Clears IndusInd
Bank-Bharat Financial Merger
The Competition Commission of India (CCI) has
approved the scheme of amalgamation between IndusInd Bank and Bharat Financial Inclusion.
World Bank Provides Loans of
$125 Million for STRIVE Project
The
objective of the operation (Skills
Strengthening for Industrial Value Enhancement) is to improve
access to quality and market-driven vocational training as well as
apprenticeships.