This is a extract of our 10by10 Current Affairs show – Live Video Stream from Youtube.
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1. Ghantasala to get 70-ft Buddha statue
To develop Ghantasala village in Krishna district as one of the prime Buddhist tourist spots in the State, decks have been cleared for the construction of a Rs. 1.5-crore project here.
Executive Director of the AP Tourism Development Corporation Mallikarjuna Rao said “The new facility will be themed on the Mahaparinirvana of the Buddha. A two-storied structure in Buddhist architecture resembling a pedestal with a 100-ft wide and 70-ft high Budha in the Mahaparinirvana posture will be a major highlight.”
2. Foreign court can’t rule on Indian couple’s divorce plea: HC
The Bombay High Court has observed that “A foreign court does not have the jurisdiction to decide matrimonial matters of a couple who have Indian domicile and are governed under the Hindu Marriage Act even if the parties were at the time residing in a foreign nation”
A Division Bench of Justices A.S. Oka and Anuja Prabhudessai last week quashed and set aside a Dubai court’s order allowing a divorce petition filed by an Indian man residing there.
3. SBI, PNB account for 40% of bad loans
Country’s largest lender State Bank of India accounts for over 27% of the total amount owed to public sector banks by wilful defaulters. As many as 1,762 wilful defaulters owed ₹25,104 crore to SBI as on March 31, putting pressure on its balance sheet.
Punjab National Bank (PNB) is next on the list with 1,120 wilful defaulters having outstanding non-performing assets of ₹12,278 crore. Together these two banks account for ₹37,382 crore or 40% of the total outstanding loans.
4. India to raise visa issue in trade policy meet
During the India-U.S. Trade Policy Forum (TPF) meeting likely in October, the Centre will raise Indian industry’s concerns over the U.S. visa ‘curbs’ and the ‘delay’ in inking a bilateral social security pact (or totalisation agreement).
In the TPF meeting, the premier forum to resolve bilateral trade and investment issues, the U.S. is expected to table its worries over India’s ‘restrictions’ on e-commerce as well as the ‘challenges’ faced by American innovative industries due to India’s ‘weak’ Intellectual Property Rights regime.
5. Imperious Dhawan powers India home
Opener Shikhar Dhawan hit a fluent unbeaten century as India continued to embarrass Sri Lanka, cruising to an easy nine-wicket win over the struggling hosts in the opening ODI of the five-match series, in Dambulla on Sunday.
India carried its domination from the Test series into the One-day format and achieved its biggest ever win in terms of overs left while chasing a 200-plus total.
6. India’s roads to be safer, greener
Driving down India’s National Highways could be a much safer experience by the end of this year, with the National Highways Authority of India (NHAI) set to roll out an ‘incident management system’.
Under this, ambulances will be stationed every 50 km to be able to respond to any mishap within 15 minutes of it being reported on a national accident helpline.
A greener drive is also likely for road users. Trucks running on CNG will be able to hit the highways without worrying about their fuel tank’s range.
7. Breakthrough therapy for sepsis
Each year globally, more than 600,000 infants die of sepsis, a condition of bacterial infection that spreads fast and leads to organ failure. But a therapy developed by a team led by an American professor of Indian origin, Pinaki Panigrahi, over the last 20 years and details of which were published in Nature this week could do wonders.
Dr. Panigrahi told The Hindu that “The therapy has been found to reduce the risk of infection by 40% in trials and it can be inexpensive — less than one dollar for a course”
8. Scheme to boost PSB capital on anvil: Patel
The Centre and the Reserve Bank of India (RBI) are working on a scheme to boost capital in public sector banks reeling under the pressure of bad loans.
Speaking at an event organised by the Confederation of Indian Industry, RBI Governor Urjit Patel emphasised time-bound resolution of stressed assets.
“NPA resolution would necessitate a higher recapitalisation of these banks,” Mr. Patel said. “The Government and the RBI are in dialogue to prepare a set of measures to enable state-run banks to shore up the requisite capital in a time-bound manner,” he said.
9. CUB’s robot to handle cash soon
City Union Bank (CUB), which has deployed robots to answer customer queries at its branches, is reprogramming a machine for collecting cash from customers, an official said.
The robot, named ‘Lakshmi,’ is deployed at its T. Nagar branch in Chennai. It is currently answering customer queries. Now, it had been reprogrammed to accept cash.
10. Barcelona attack targets Spain’s strongest spot
Deadly attacks in Barcelona target Spain’s strongest spot: tourism. At least 13 people were killed on Thursday when a van drove into pedestrians at Las Ramblas, one of the most tourist-friendly sites in the country’s second city. Other European tourist hubs have bounced back from similar assaults. Spain, which is economically stronger than it has been in years, will too.
Tourism accounts for around 14% of Spain’s GDP, compared with 9% for neighbouring France, and is therefore a major driver of an economy which is still recovering from a painful financial crisis. That makes Thursday’s mass murders a strike on prosperity as well as people.