- BCCI will get $405 million as per the ICC revenue sharing model, announced by ICC. ICC also announced that Ireland and Afghanistan are now part of the Test playing nations, expanded the number of Test playing nations to 12. ICC Chairman- Shashank Manohar.
- Reserve Bank of India has asked banks to find solution for 55 identified NPA accounts within 6 months otherwise the central bank would examine those cases and refer for resolution under Insolvency and Bankruptcy Code.
Earlier, RBI identified 12 accounts for insolvency proceedings with each of them having over Rs. 5000 crore of outstanding loans accounting for 25% of total NPA of banks.
The banking sector is saddled with NPAs of over 8 lakh crore, of which Rs. 6 lakh crore is with public sector banks. The 12 identified cases of accounts about Rs. 2 lakh crore.
- An FIR has been registered by CBI to probe the alleged misappropriation of funds under the Rs. 1100 crore “Sachal Palna Griha Yojna” of UP governemtn. This scheme was to provide temporary accommodation to children, aged six and below, of women laboures when they were on the job.
- ISRO all set to launch PSLV-C38 carying Cartosat-2 series satellite along with 30 co-passenger.
The payload includes a nano satellite, NIUSAT, designed and developed by the Noorul Islam university in Kanyakumari district. The rest 29 nano satellites are from 14 countries- Austri, Belgium, Chile, the Czech republic, Finland, France, Germany, Italy, Japan, Latavia, Lithuania, Slovakia, UK and the U.S.
A look at Major nano satellites:
India- NIUSAT– Provide imagery for crop monioring and disaster managemetn support applications.
Austria- PEGASUS/ATO3– Measuring the plasma temperature and density in the atmosphere.
Japan- CE-SAT1– Demonstration of remote sensing based on Canon group technology.
USA- CICERO-6 – Measurement of global weather patterns.
- The U.S. has cleared the sale of 22 drones to India, a deal estimated about $3 billion.
Emerging terms, News and Others:
- Portugal has handed over a collection of documents known as ‘Moncoes do Reino‘ (Monsson Correspondence) to National Archive of India. NAI has received the digital copies of 62 volumes.
This collection is an important and primary source for the study of the Portuguese expansion in India covering the period from 1568 to 1914. Collection also consist of direct correspondence from Lisbon to Goa and documented trade rivalries with Arabs and European powers and their relations with neighboring kings in South Asia and East Asia.
K. Nandini Singla, Ambassador of India to Portugal.
- Nasscom Chairman- Raman Roy and President- R, Chandrashekhar.
- NATGRID– National Intelligence Grid-> The integrated mechanism to keep track of security-related data