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RBI UNLOCKS RS.40,000 CRORE ADDITIONAL CAPITAL FOR BANKS
The Reserve Bank of India (RBI) revised norms on capital recognition, making available an additional Rs.40,000 crore to Indian banks. The move comes at a time when public sector banks are facing pressure on their profitability due to a sharp rise in non-performing assets, which is eroding their capital base.
The announcement is a big relief for, mainly, public sector banks, after finance minister Arun Jaitley on Monday announced in his budget speech a capital infusion of Rs. 25,000 crore for the fiscal year starting in April. The minister did not make any increases to the capital infusion amount that was decided in August 2015. Many public sector banks reported huge losses for the quarter ended December 2015after the RBI asked lenders to identify several accounts as non-performing. Banks are expected to post weak earnings in the current quarter too.
APPROVAL GIVEN FOR FOUR NEW TIGER RESERVES
The National Tiger Conservation Authority has given in-principle approval for creation of four new tiger reserves in Madhya Pradesh, Odisha, Assam and Chhattisgarh, Lok Sabha was informed on Tuesday.
Mr Javadekar said the assessment of status of tigers, co-predators and their prey in 2014, using refined methodology, has shown a country-wide 30 per cent increase in the number of tiger with an estimated number of 2226 (range (1954-2491) as compared to the 2010 estimation of 1706 (range 1520-1909).
He said NTCA and Wildlife Institute of India have identified potential bottlenecks, obstacles and weak links within these corridors which are due to the presence of habitation, poor forest cover, encroachments, land use other than forest and geographical barriers.
NEW DELHI STATION GETS WATER VENDING MACHINES
Soon, train passengers will be able to get safe drinking for Rs. 1 to Rs. 5 from water vending machines being installed at the New Delhi railway station.
A few of these ‘Water Points’ have already been installed at the station where passengers will be able to access safe, non-packaged drinking water as per the World Health Organisation (WHO) standards.
The water vending machines, being installed by the Indian Railway Catering and Tourism Corporation (IRCTC), will dispense drinking water that will be purified by Reverse Osmosis, UV Sterilised and a seven stage filtration process. LED display screens on the machine will show the cost and quality of the water to customers
Rail passengers can get 300 ml drinking water for Re. 1, 500 ml for Rs. 3, 1 litre for Rs. 5, 2 litre for Rs. 8 and 5 litre for Rs. 20. Passengers can also get pet jars on some extra payment.
A total of 46 water vending machines are going to be installed at nine different railway stations of the Delhi Division of Northern Railway.
TCS RECOGNIZED AS GLOBAL TOP EMPLOYER
Tata Consultancy Services (TCS) has been recognized as a ‘Global Top Employer’ by the Top Employers Institute.
In its assessment of 1,072 companies worldwide, the Top Employers Institute rated TCS as an exceptional performer across nine core HR areas including talent strategy, workforce planning, on-boarding, learning and development, performance management and leadership development, among others.
CHARLIE, MOIDEEN BAG KERALA FILM AWARDS
In continuation of the recent trend of mainstream Malayalam cinema hogging much of the limelight in the Kerala Film Awards, Martin Prakkatt’sCharlie came out on top, sweeping eight of the awards. R.S. Vimal’s Ennu Ninte Moideen was right behind with seven awards in its kitty.
Ozhivu Divasathe Kali , directed by Sanalkumar Sasidharan, a searing critique of casteism and patriarchy conveyed through a tense drinking game among a group of friends, was selected as the best feature film of 2015 in the awards announced here on Tuesday.
Manoj Kana’s Amoeba , based on the travails of endosulfan victims in Kasaragod district, won the award for the second best film.
ROYAL MINT: BEATRIX POTTER’S PETER RABBIT ON NEW 50P COIN
The Royal Mint is making a series of special coins to celebrate the 150th anniversary of the birth of Beatrix Potter.
Four coins will be made featuring different characters from her stories, and a special collector’s 50p coin showing a colour image of Peter Rabbit will also be released.
AUTHOR JERRY PINTO WINS WINDHAM-CAMPBELL PRIZE
The Windham-Campbell Prizes on Tuesday announced its annual list of nine winners. Each of the recipients receives $1,50,000 for accomplishments in the worlds of literature and theatre.
This year’s winners in fiction were Tessa Hadley, C.E. Morgan and Jerry Pinto. Ms. Hadley, a British writer whose stories regularly appear in The New Yorker, is the author of several novels and story collections. Her most recent novel is The Past.
C.E. Morgan’s debut novel, All the Living, was published in 2009. Her second,The Sport of Kings, will be published in May. Mr. Pinto is the author of six books, including a biography of the Bollywood actor Helen and a novel, Em and the Big Hoom.
This year’s prizes in non-fiction went to Hilton Als, Stanley Crouch and Helen Garner. Als is a staff writer and theatre critic at The New Yorker, and the author of White Girls (2013) and The Women(1996).