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Banking Digest, 16 February 2019

National

  • India's first semi-high speed train, runs on New Delhi-Varanasi route - Vande Bharat Express.
  • Anup Satpathy committee regarding finding a method to fix the National Minimum Wage has recommended the need-based national minimum wage for India at - Rs 375 per day or Rs 9,750 per month.
  • Each subscriber under the Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM), shall receive minimum assured pension of - Rs 3000/- per month.

International

  • On February 13, India concluded defence cooperation and security protection agreements with - Germany and Sweden.
  • On Feb 15, India has withdrawn the Most Favoured Nation (MFN) status given to - Pakistan.

Banking

  • To get recapitalization from government, As per Basel III norms, all banks need to meet both risk-based capital minimum Common Equity Tier 1 (CET1) requirement of 4.5 per cent and the target level CET1 requirement of – 7%
  • The six public sector banks under Prompt Corrective Action (PCA) as of February 15 - Allahabad Bank, United Bank of India, Corporation Bank, UCO Bank, Central Bank of India and Indian Overseas Bank

Sports

  • Winner of Lifetime Achievement award at the Sportstar Aces Awards 2019 - Prakash Padukone (Badminton).
  • Winner of the 'Sportstar Aces Best Player of the Year' (Male and Female) - Sunil Chhetri and Gurjeet Kaur.
  • Winner of the 'Sportstar Aces Best Team' - Vidarbha (cricket).

Person In News

  • Election Commissioner of India, appointed on February 14 - Sushil Chandra.
  • Chief Election Commissioner of India - Sunil Arora.
  • This Sudanese refugee received the prestigious 'Martin Ennals Human Rights Prize' from the United Nations High Commissioner for Refugees (UNHCR) - Abdul Aziz Muhmat.

General Knowledge

  • Capital of Germany - Berlin.
  • Currency of Germany - Euro.
  • Capital of Sweden - Stockholm.
  • Currency of Sweden - Swedish krona.
  • Election Commission of India (ECI) established in the year – 1950.
  • The United Nations High Commissioner for Refugees (UNHCR) established in the year – 1950.
  • Headquarter of the United Nations High Commissioner for Refugees (UNHCR) - Geneva (Switzerland).

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