Banking Digest, 03 January 2019

National

• According to new decision, Manufacturing of items of defence aerospace and warships will now be covered by - Industries (Development and Regulation) Act, 1951. 
• This state cabinet approved a plan to set up ‘gauvansh ashray asthals’ in the urban and rural part - Uttar Pradesh.

International

• India has exempted rupee payments made to national oil Co of this country for crude oil imports from a steep withholding tax - Iran.
• These two countries have officially quit the UNESCO on January 1 - United States and Israel.
• This gulf country will cease to be a member of the Organisation of the Petroleum Exporting Countries (OPEC) on January 1 - Qatar.

Banking

• On January 1, RBI allowed lenders to recast loans of stressed MSME up to – Rs. 25 crore.

Sports

• The International Cricket Council (ICC) declared this country as the most corrupt country in cricket world - Sri Lanka.

Person In News

• First Chief Justice of the Telangana High Court - Justice T.B.N. Radhakrishnan.
• New Chief Justice of Andhra Pradesh High Court - Justice Praveen Kumar.
• New President of Brazil - Jair Messias Bolsonaro.

General Knowledge

• The Employee Provident Fund (EPF) is a social security scheme launched by the Central government in the year - 1952.
• Reserve Bank of India (RBI) established in the year - 1934 (operating from 1st April, 1935).
• Main office Reserve Bank of India (RBI) - Mumbai.
• First Indian Governor of Reserve Bank of India - Sir C. D. Deshmukh (1943-1949).
• Headquarter of United Nations Educational, Scientific and Cultural Organization (UNESCO) - Paris (France).
• United Nations Educational, Scientific and Cultural Organization (UNESCO) established in the year - 1945.
• Organization of the Petroleum Exporting Countries (OPEC) established in the year - 1960.
• Headquarter of the Organization of the Petroleum Exporting Countries (OPEC) - Vienna (Austria).