10th July 2018 Current Affairs


RBI cancels license for Rajasthan’s Alwar Urban Co-operative Bank

  • The Reserve Bank of India (RBI) has cancelled the License of Rajasthan’s Alwar Urban Co-operative Bank. The Bank is located in Alwar, Rajasthan.

  • The Registrar of the Co-operative Societies, Rajasthan will issue an order for winding up the bank and appoint liquidator.

  • One of the main reasons for canceling the bank’s license was that the bank does not have an adequate capital and earning prospects.

  • The RBI said that the bank is not in a position to pay its present and future depositors in full.

  • The present financial position of the bank leaves no scope for its revival said the RBI.

  • Upon liquidation, everyone who has money in the bank is entitled to the repayment of that money, up to a monetary ceiling of one lakh rupees.

Asian Development Bank Approves $503 Million for Bihar Son Canal Project

  • Asian Development Bank (ADB) has approved a $503 million project for the lining of the Son Canal in the Shahabad – Bhojpur region in Bihar.

  • The Project is expected to immensely benefit the agriculture sector in the region.

  • Out of the estimated $503 Million cost of the Project, ADB is providing $352 Million.

PM Modi Launches World’s Largest Samsung Mobile Plant in India

  • Indian PM Narendra Modi and South Korean President Moon Jae-in launched the World’s Largest Samsung Mobile Manufacturing Plant in Noida, India.

  • The Facility has a capacity of producing 1.2 Crore Phones in a year.

  • It is expected to give a massive boost to the Make in India and Digital India Initiatives.

Sreejesh to lead Indian Hockey Team at Asian Games 2018

  • Indian Goalkeeper PR Sreejesh will lead the Indian Men’s Hockey Team at the 18th Asian Games 2018.

  • Vice Captaincy has been handed to Chinglesana Singh Kangujam.

  • The Indian Squad is boosted by forward Akashdeep Singh, who returns from injury in time for the tournament, as well as experienced drag-flicker Rupinder Pal Singh.

  • The Asian Games will take place in Jakarta and Palembang and begin from August 18th 2018.

Gujarat’s Jewish Community gets Religious Minority Status

  • The Gujarat Government has granted religious minority status to the Jewish Community in the state.

  • This was issued by the Gujarat’s Department of Social Justice and Empowerment.

  • Gujarat has a small Jewish Community of no more than 170 members, and a majority of them are located in Ahemdabad.

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Upasana Pradhan

Hello, my name is Upasana Pradhan, I’m currently working as a Content Writer. I have done my Masters in Electronics and Communication from Delhi Technological University, Delhi. I always had a passion for writing. Apart from that, I love listening music, hanging out with friends, Cooking and Shopping.

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