N e w s A t @ G l a n c e(7th May,2017)

1. Thirty-four MoUs amounting to about Rs 2 lakh crores were signed in the three-day India Integrated Transport and Logistics Summit .

2. Integrated Transport and Logistics Summit that was concluded in New Delhi.

3. Nitin Jairam Gadkari is the current Minister for Road Transport and Highways and Shipping.

4. Antyodaya Anna Yojana (AAY) is a Government of India sponsored scheme to provide highly subsidized food to millions of the poorest families.

5.  Manohar Lal Khattar is Chief Minister of Haryana and Kaptan Singh Solanki is the Governor of Haryana.

6. Banking Regulation (Amendment) Ordinance, 2017 inserting two new Sections (viz. 35AA and 35AB).Insolvency and Bankruptcy Code (IBC), 2016 has opened up new possibilities for time-bound resolution of stressed assets.

7. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (also known as the Sarfaesi Act).

8. NPA stands for Non-­Performing Asset.

9. The Banking Regulation Act, 1949 was formed to consolidate and amend the law related to banking.

10. NPA is a loan or an advance where interest and/or installment of principal remain overdue for a period of more than 90 days in respect of a term loan.

11. Urjit Ravindra Patel is currently serving as the Governor of the Reserve Bank of India since September 2016.

12. The Appointments Committee of the Cabinet has approved seven top-level changes in various public sector banks.

13. Usha Ananthasubramanian, MD, and CEO, Punjab National Bank, has been appointed as MD & CEO of Allahabad Bank.

14. Dinabandhu Mohapatra, Executive Director at Canara Bank, as MD and CEO of Bank of India.

15. Sunil Mehta, Executive Director, Corporation Bank, has been appointed as MD & CEO of Punjab National Bank.

16. RA Sankara Narayanan, ED, Bank of India, has been appointed MD & CEO of Vijaya Bank with effect from September 1.