Current Affairs Update – 4 April, 2017

Hello and welcome to exampundit. Here are the important Current Affairs of 4 April, 2017. These are important for the upcoming SBI PO mains, BOB Manipal 2017, NICL AO 2017 and NIACL Assistant 2017.

Current Affairs at a Glance – 4 April, 2017 – Tap to show
  1. The government plans legislation
    that will empower the Reserve Bank of
    India to deal much more effectively with stressed assets
    than before as
    part of a broader plan to resolve banks’ bad loans, a long-festering issue
    that’s been holding back the economy from achieving its full potential.
  2. Public sector Indian Bank today
    said Kishor Kharat has taken charge as its new Managing Director and CEO with
    immediate effect.
  3. Indian Police Service officer Geetha Johri was appointed as the
    first woman Director General of Police (DGP) of Gujarat
    on 4 April 2017.
    She will be taking over this position in addition to her present post as Managing
    Director of Gujarat Police Housing Corporation.
  4. The Defence Acquisition Council
    (DAC) chaired by Defence Minister Arun Jaitley on 3 April 2017 approved the
    procurement of a fresh batch of Barak
    surfacetosurface missiles for naval warships. This
    procurement will help to enhance India’s maritime capability.
  5. Prakash Javadekar, the Union Minister of Human Resource
    Development, on 3 April 2017 released the
    India Rankings 2017 for the educational institutions
    .
  6. International Day of Mine Awareness and Assistance in Mine Action
    was observed on 4 April 2017 across the world. The theme of the year 2017 is
    Needs driven. People Centred.

Banking News –
Reserve Bank of India set to get more power to deal with stressed
assets
current-affairs-update-ibps-po-exam

  • The government plans legislation
    that will empower the Reserve Bank of India to deal much more effectively with
    stressed assets than before as part of a broader plan to resolve banks’ bad
    loans, a long-festering issue that’s been holding back the economy from
    achieving its full potential.
  • The Centre may even issue an
    ordinance to enable RBI to direct banks on dealing with stressed assets as
    moving the Banking Regulation Act amendment through Parliament could take time,
    said officials aware of deliberations. The reworked law will also empower RBI
    to set up oversight panels that will shield bankers from later action by probe
    agencies looking into loan recasts.
  • Bad loans rose by over Rs 1 lakh
    crore in the first nine months of last fiscal to Rs 6.07 lakh crore by December
    31, 2016, minister of state for finance Santosh Gangwar had said in a written
    reply to the Rajya Sabha. Public sector banks’ gross bad loans stood at Rs 5.02
    lakh crore at the end of March 2016, up from Rs 2.67 lakh crore at the end of
    March 2015.
  • High NPAs have held back lending
    and prevented banks from lowering interest rates further, which has in turn
    discouraged private investment, badly needed to speed up growth.
  • Banks have been reluctant to
    resolve NPAs through settlement schemes or sell bad loans to asset reconstruction
    companies for fear of being hauled up by investigation agencies.
Appointments –
Kishor Kharat assumes charge as MD&CEO of Indian Bank

  • Public sector Indian Bank today
    said Kishor Kharat has taken charge as its new Managing Director and CEO with
    immediate effect.
  • Prior to taking up the new role,
    Kharat was serving as the Managing Director and CEO of IDBI Bank.
  • Kharat replaces Mahesh Kumar
    Jain, who is set to join IDBI Bank as the Managing Director and CEO, a bank
    release here said.
Geetha Johri takes over as first woman head of Gujarat’s police force

  • Indian Police Service officer
    Geetha Johri was appointed as the first woman Director General of Police (DGP)
    of Gujarat on 4 April 2017. She will be taking over this position in addition
    to her present post as Managing Director of Gujarat Police Housing Corporation.
  • The announcement was made by the
    Minister of State for Home, Pradeepsinh Jadeja who stated that the decision to
    give Johri the additional charge was taken as she is the senior-most IPS
    officer in the state.
  • The decision of Johri’s
    appointment comes in the wake of resignation by her predecessor P P Pandey.
  • Pandey’s resignation was accepted
    by the state government on 3 April 2017. He was earlier given a three-month
    extension in the post after his retirement in January 2017.
News related to India and States –
Government clears proposal to procure Barak surface-to-air missiles for
Navy

  • The Defence Acquisition Council
    (DAC) chaired by Defence Minister Arun Jaitley on 3 April 2017 approved the
    procurement of a fresh batch of Barak surface-to-surface missiles for naval
    warships. This procurement will help to enhance India’s maritime capability.
  • During the meeting held in New
    Delhi, DAC approved capital acquisition totalling over Rs 860 crore, including
    for the purchase of Barak missiles. During the meeting, Jaitley, who chaired
    the meet also took stock of other procurement proposals and issued directions
    for close monitoring and expeditious clearance of pending capital acquisition
    cases.
  • As per reports, the missiles will
    be procured under Buy Global category from Rafael Advance Defense Systems
    Limited of Israel at an approximate cost of around 500 crore rupees.

Union HRD Minister Prakash
Javadekar releases India Rankings 2017

  • Prakash Javadekar, the Union
    Minister of Human Resource Development, on 3 April 2017 released the India
    Rankings 2017 for the educational institutions.
  • The rankings were charted out by
    the National Institutional Ranking Framework (NIRF), working under the Union
    HRD Ministry.
  • The India Rankings 2017 is the
    second edition of India Rankings.
  • A total of 2995 institutions have
    participated in the rankings. This includes 232 Universities, 1024 Engineering
    Institutions, 546 Management Institutions, 318 Pharmacy Institutions and 637
    General Degree Colleges, and others.
  • The India Rankings 2017 ranked
    institutions in various disciplines/categories, and also provided a common
    overall rank across all disciplines for those institutes which either have more
    than 1000 enrolled students, or which are centrally funded.
  • The Rankings List includes 100
    institutions each in the Overall, University, Engineering and General College
    Categories, and 50 each in Management and Pharmacy Disciplines.
Overall List of top 3 India
Rankings 2017
1. Indian Institute of Science,
Bangalore, Karnataka
2. Indian Institute of
Technology, Madras (Chennai), Tamil Nadu
3. Indian Institute of
Technology,  Bombay (Mumbai), Maharashtra
Days –
International Day of Mine Awareness and Assistance in Mine Action 2017
observed

  • International Day of Mine
    Awareness and Assistance in Mine Action was observed on 4 April 2017 across the
    world. The theme of the year 2017 is Needs driven. People Centred.
  • Mine action ensures that
    landmines and explosive hazards in war-torn areas are found and destroyed,
    making possible the delivery of humanitarian assistance so that people and
    supplies reach those most in need. The United Nations Mine Action Strategy
    (UNMAS) coordinates teams to clear roads and runways of explosives, to block
    off weapons contaminated areas, and to train local people to demine and dispose
    of explosives.
Sports News –
FIFA bans Brayan Jimenez, former President of Guatemalan Football
Association, for life

  • The adjudicatory chamber of the
    independent Ethics Committee of the FIFA on 3 April 2017 banned Brayan Jimenez,
    the former President of the Guatemalan Football Association (FENAFUTG) for
    life.
  • Jimenez, also a former member of
    the FIFA Committee for Fair Play and Social Responsibility, was banned from all
    football-related activities at both national and international level.

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