DAILY CURRENT
AFFAIRS: 11TH MAR 2017
(DAILY NEWS INDIA)
1.
PRESIDENT OF INDIA INAUGURATES THE 12TH CII-EXIM BANK CONCLAVE ON INDIA AFRICA
PROJECT PARTNERSHIP
i. President Pranab
Mukherjee has inaugurated the 2 day 12th CII-EXIM Bank Conclave on India Africa
Project Partnership in New Delhi. The first conclave has held in 2005.
ii. The Conclave was
organized by the Confederation of Indian Industry in partnership with the EXIM
Bank of India with the support of the Ministry of External Affairs and the
Ministry of Commerce & Industry, Government of India.
iii. Its objective is to
discuss cooperation in Trade, Regional Integration & Infrastructure
Development, Finance & Consultancy, Mining & Minerals, Agriculture
& Agro-Processing, Power & Alternative Energy, Healthcare, Small &
Medium Enterprises, Human Capital Development and People-to-People Contacts
2.
UJJIVAN SMALL FINANCE BANK OPENS 6 NEW BRANCHES IN BENGALURU
i. Ujjivan Small Finance
Bank has opened its 6 new branches at the Silicon Valley of India, Bengaluru
said by Samit Ghosh, MD & CEO, Ujjivan Small Finance Bank.
ii. 6 new branches are
located at Magadi Road, Chamarajpet, Chandra Layout, Uttarahalli, Devaiah Park
and Nelamangala.
iii. The bank is also
planning to open 12 more branches in the city across 24 States in a planned and
phased manner.
3.
RBI RESTRICTS CASH LOAN AGAINST GOLD BY NBFC TO RS 25,000
i. The Reserve Bank of
India has amended the provision for disbursement of loan by NBFC against the
gold in line with the provisions of the Income Tax Act.
ii. As per the new
provision, the Non-banking Financial Company cannot lend more than Rs 25,000 in
cash against gold as against the earlier Rs 1 lakh.
iii. The earlier provision
for NBFC was that high value loans against gold of Rs 1 lakh and above must
only be disbursed by cheque.
4.
DONALD TUSK RE-ELECTED AS EUROPEAN COUNCIL PRESIDENT
i. Former Polish Prime
Minister Donald Tusk was re-elected as the president of the European Council
for the 2nd time.
ii. Tusk will act as the
president of EU council until the end of 2019.He has been President of the
European Council since 1 December 2014.
iii. Prior to this, he was
the PM of Poland and a co-founder and chairman of the Civic Platform party.