Banking Digest 11 July 2018

National

• Prime Minister Narendra Modi and President of the Republic of Korea Moon Jae-in  inaugurated Samsung’s mobile manufacturing plant at – Noida
• Central Institute of Plastics Engineering & Technology works under - Ministry of Chemicals and Fertilizers
• In July 2018,Central Institute of Plastics Engineering & Technology (CIPET) operates from number of locations – 32 Locations
• India Smart Cities Internship (ISCI) Program and The Smart Cities Digital Payments Awards 2018 will be implemented as pilot project in - 25 Cities
• Under Smart City Mission, number of cities to be developed are – 100
• An Empowered Expert Committee (EEC) in its report recommended number of institutions as ‘Institutions of Eminence’ – 6
• ‘Institutions of Eminence’ declared under Public Sector by Empowered committee are : (i) Indian Institute of Science, Bangalore (ii) Indian Institute of Technology, Bombay (iii) Indian Institute of Technology, Delhi.
• Asian Development Bank(ADB) accorded approval for lining project for – Son Canal
• Indian Railways Introduces First Double Stack Dwarf Container Service from -  Rajkot Division of Western Railway
• The Tourism Ministry will organize  the  ‘first ever’ India  Tourism  Mart (ITM)  at – New Delhi

International

• Person nomitated by US Prez Donald Trump as Supreme Court Judge - Brett Kavanaugh

Sports

• India's premier gymnast Dipa Karmakar clinched a gold medal in FIG Artistic Gymnastics World Challenge Cup in – Vault Event
• The first player in the history of T20 Internationals to break the 900-point mark - Aaron Finch

General Knowledge

• When a large number of customers of a bank or another financial institution withdraw their deposits simultaneously due to concerns about the bank's solvency –Bank Run
• Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment – Capital Expenditure
• When an individual or organization can no longer meet its financial obligations with its lender or lenders as debts become due – Insolvency

Economy

• A bank Set up to buy the bad loans of another bank with significant nonperforming assets at market price – Bad Bank
• The owner of a government, municipal or corporate bond – Bond Holder
• Debt security issued by an authority, such as a corporate or government agency – Authority Bond