25 July 2016 Current Affairs

RBI imposes a penalty of rs. 5 cr. on Bank of Baroda

The Reserve Bank of India has imposed a penalty of rs. 5 crore on Bank of Baroda in the alleged rs. 6,000 crore forex related irregularities that were observed in October last year. The RBI had carried out an investigation and noted weaknesses and failures in the bank’s internal control mechanisms including transaction monitoring, and assigning of Unique Customer Identification Code. As the bank has allegedly transferred in the garb of payments for imports that never took place, investigators suspect.


Oldest elephant in Kerala set to enter Guinness World Records

Dakshayani, 86, is all set to enter the Guinness World Records as the oldest living elephant. The Travancore Devasom Board (TDB) – the owner of the elephant – has already written to the Guinness authorities staking claim to Dakshayani being the oldest living elephant in the world. The TDB claims that Dakshayani is with them since 1949.


China unveils world’s largest amphibious aircraft

China has unveiled AG600, the world’s largest amphibious aircraft which can land on both water and land and used to fight forest fires and perform marine rescues. The aircraft is around the size of a Boeing 737 – far larger than any other amphibious plane. It has a maximum flight range of 4,500 km. and can collect 12 tonnes of water in 20 seconds during emergencies. Its maximum take-off weight of 53.5 tonnes. The plane AG600 has been unveiled by the Aviation Industry Corporation of China (AVIC) in southern port city of Zhuhai. Before the AG600, the largest amphibious cast was the H-4 Hercules, known as the Spruce Goose, used in WW2. Its wingspan is still longer than the AG600’s.


Lok Sabha passes Institutes of Technology (Amendment) Bill, 2016

The Lok Sabha has passed Institutes of Technology (Amendment) Bill, 2016 or opening six new IITs. The Bill seeks to amend the Institutes of Technology Act, 1961 to add six new IITs as institutions of national importance. Addition of six new IITs in Palakkad (Kerala), Tirupati (Andhra Pradesh), Goa, Dharwar (Karnataka), Bhilai (Chhattisgarh) and Jammu (Jammu & Kashmir).


Rs 2,048 crore sanctioned under ‘Swadesh Darshan’ scheme

The Ministry of Tourism has sanctioned 25 projects under the Swadesh Darshan scheme worth Rs. 2048 Crore. The scheme is launched in January 2015. For the North Eastern States, the Ministry has sanctioned 9 projects worth Rs. 821 Crores covering all the 8 states. For Tribal areas, the Ministry has sanctioned 3 projects for Rs. 282 Crores to the SG of Nagaland, Chhattisgarh, and Telangana. For Buddhist Circuit, the Ministry has sanctioned 2 projects worth Rs. 108.11 Crore to the SG of Bihar and Madhya Pradesh.


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