Hello friends, This is the Updates of Banking Affairs 21 March 2017. This will helpful for tackling Banking awareness section in SBI, IBPS, SSC, UPSC Exams.
1. India’s longest road tunnel to be opened
- India’s longest road tunnel, built on the Jammu-Srinagar National Highway, will open to traffic very soon following the success of the trial run.
- The work on the 9.2-km tube tunnel, which is part of a 286-km, four-lane project, started on May 23, 2011 in the lower Himalayan mountain range and cost Rs.3,720 crore.
- The tunnel, which is located at an elevation of 1,200 metre.
2. India-UAE conference on globalisation
- The 2nd India-UAE conference on globalisation will be held at Dubai.
- Organised by All India Management Association (AIMA), the conference will be attended by leading industry figures from both countries to discuss strategies.
- Health care innovation will be among the subjects discussed during the conference themed as ‘Resetting Globalisation Collaborating in a Fast Changing World’
3. International Diamond Conference
- PM Narendra Modi addressed the International Diamond Conference in Mumbai.
- This conference was a part of the Golden Jubilee celebrations of the Gems and Jewellery Export Promotion Council of India.
- The conference on the theme of “Mines to Market 2017”, brings together miners, diamond companies, experts, retailers, bankers and analysts from across the globe.
4. Govt announces merger of BMB with SBI
- Indian government on 20th March 17 announced the merger of the Bhartiya Mahila Bank (BMB) with the State Bank of India (SBI).
- “This would ensure greater banking services outreach to a larger number of women, at a faster pace. The objectives of affordable credit to women as well as propagation of women-centric products need to be quickly achieved through a wider network and lower cost of funds,” said the Finance Ministry in a statement.
5. Lok Sabha passes 3rd batch of supplementary grants
- The Lok Sabha on 20th March 17 gave its nod for the third batch of Supplementary demand for grants for 2016-17.
- The relevant appropriation Bills for drawing the specified sums out of the Consolidated Fund of India was also passed through voice vote.
- The third batch of Supplementary demand for grants were passed in the lower house after Arjun Ram Meghwal, Minister of State for Finance, replied to the discussions on this matter.
6. India to block Japan’s request for WTO dispute panel on steel penal duties
- A Government official has said that India will block Japan’s request for a dispute settlement panel at the World Trade Organisation (WTO) against penal duties on steel imports imposed by New Delhi.
- Tokyo’s request will be taken up for consideration by the Dispute Settlement Body of the World Trade Organisation in its meeting on 21st March 17.
7. Widows to be called ‘Kalyanis’ in MP
- In order to bring in more sensitivity and respect towards widows, the Madhya Pradesh government has announced that widows in the state will be referred to as “Kalyani’s” in all official documents.
- The state govt has stressed on the point of empowerment of women and also called for the portrayal of widows in a positive light.
8. India pushes for power projects on rivers flowing into Pakistan
- India on 20th Mar 17 pushed for building new hydropower plants even as it discussed exercising its rights under the Indus Water Treaty during the two-day Indus Water Commission meeting that began in Pakistan today.
- The meeting of the commission, which took place after almost two years, was held in the backdrop of India threatening to suspend official-level talks on the World Bank-mediated treaty of 1960.
- India was represented by a 10-member delegation, consisting of officials from the Ministry of External Affairs (MEA) and experts, led by Indus Water Commissioner PK Saxena.