Just In Current Affairs: 4 August 2017
The Banking Regulation (Amendment) Bill will enable the government to authorize the RBI to direct banking companies to resolve specific stressed assets by initiating insolvency resolution process.
Non-Performing Teachers to compulsorily retire in Bihar
Following poor results in matric and intermediate exams in 2017, the Bihar Government has decided to compulsory retire non-performing head masters, teachers and education department officials above the age of 50 years. This decision was taken after the review of the education department by Chief Minister Nitish Kumar.
Banking Regulation (Amendment) Bill, 2017 passed in Lok Sabha
The Lok Sabha has passed the Banking Regulation (Amendment) Bill, 2017. The bill that seeks to amend the Banking Regulation Act, 1949 to insert provisions for handling cases related to stressed assets of banks was passed by voice vote.
Stressed assets are loans where the borrower has defaulted in repayment or where the loan has been restructured. The bill will replace the Banking Regulation (Amendment) Ordinance, 2017 which was promulgated on 4 May 2017.
Jhajharia, Sardar recommended for Khel Ratna Awards
Two-time Paralympic Javelin Throw gold-medallist Devendra Jhajharia on 3 August 2017 became the first Paralympian to be recommended for the Rajiv Gandhi Khel Ratna award.
Former hockey captain Sardar Singh's name has also been recommended for the country's highest sporting honour.
The awards selection committee, headed by Justice (Retd.) CK Thakkar nominated the names and suggested that both be considered for the award jointly. The final call on this would be taken by the Sports Ministry.
Besides, the committee has recommended 17 names for the Arjuna award. The list includes cricketers Cheteshwar Pujara, Harmanpreet Kaur, Paralympic medallists Mariyappan Thangavelu and Varun Bhati, golfer SSP Chawrasia and hockey player SV Sunil.