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Current Affairs in Short: 04 October 2019

Reserve Bank of India (RBI) has announced to raise household income limit for borrowers of NBFC-MFIS.

Oct 4, 2019 16:52 IST
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RBI raises lending capacities of MFIs
• Reserve Bank of India (RBI) has announced to raise household income limit for borrowers of NBFC-MFIS. The objective of this measure is to develop offshore rupee market.
• In rural areas, the household income limit will be hiked to Rs. 1.25 lakh from the current Rs. 1 lakh. In urban areas, limit will be increased from Rs. 1.6 lakh to Rs. 2 lakh.
• Now, every eligible borrower can lend from Rs. 1 lakh to Rs. 1.25 lakh. RBI will issue guidelines regarding the same.

Vaibhav Gehlot becomes president of Rajasthan Cricket Association

• Vaibhav Gehlot, son of Rajasthan Chief Minister Ashok Gehlot, has been elected the president of the Rajasthan Cricket Association.
• He won the election with 25-6 margin of votes. Mahendra Sharma was elected as new secretary while Amin Pathan became new Vice President.
• Mahendra Nahar and KK Neemawat were appointed as new joint secretaries of Rajasthan Cricket Association.

‘Sarbat Da Bhala Express’ flagged off
• Indian Railways has renamed ‘New Delhi-Lohian Khas-New Delhi Intercity Express’ as ‘Sarbat da Bhala Express’.
• The rain was recently flagged off by Union Ministers Piyush Goyal and Harsimrat Kaur Badal. The train will run between New Delhi and holy city Sultanpur Lodhi.
• The train has been renamed on the occasion of 550th Prakash Purab. Guru Nanak Dev Ji spent 14 years of his life in Sultanpur Lodhi.

First UAE astronaut returned from ISS
• The first astronaut of UAE Hazzaa Ali Almansoori along with NASA astronaut Nick Hague returned to Earth from the International Space Station.
• They contributed to the experiments related to biology, physical science, earth science and biotechnology.
• Almansoori completed 8 days at International Space Station (ISS) and covered 128 orbits of Earth. He had done a journey of 3.1 million miles since launching.

Hong-Kong banned Face Masks
• Hong-Kong government has decided to put a ban on face masks under the emergency laws. Emergency laws allow authorities to take any proper action to control law and order in the country.
• The government decided to ban masks because several protesters wear masks and respirators to protect themselves from tear gas. 
• Concern government authority said that violence was destroying the peace of the city and authorities couldn't leave the situation to get worse.

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