1st March 2019 Current Affairs
 RBI releases Allahabad Bank, Corporation Bank, Dhanlaxmi Bank from PCA 


The Reserve Bank of India (RBI) has removed two public sector banks-Corporation Bank and Allahabad Bank and one private sector bank- Dhanlaxmi Bank from PCA (Prompt Corrective Action) framework allowing them to resume their normal lending activities. 

• According to the Board for Financial Supervision (BFS), Allahabad Bank and Corporation Bank had received Rs 6,896 crore and Rs 9,086 crore respectively which has shored up their capital funds and also increase their loan loss provision.

• Dhanlaxmi Bank was found to be not breaching any of the risk thresholds of the PCA framework, Hence decided to take Dhanlaxmi Bank out of PCA framework.

Important Points


Headquarters - Mumbai

Governor - Shaktikanta Das

Allahabad Bank

Tagline - A tradition of trust

Headquarters - Kolkata (West Bengal)

MD & CEO - CH SS Malikarjuna Rao

Corporation Bank

Headquarters - Mangalore (Karnataka)

MD & CEO - P. V. Bharathi

Dhanlaxmi Bank

Headquarters - Thrissur (Kerala)

CEO - T Latha


Hemant Bhargava appointed as Non-Executive Chairman of IDBI Bank


• IDBI Bank has appointed Hemant Bhargava as Non-Executive Whole time Chairman for a period of 3 years or until he continues in his position at LIC.

• Bhargava is currently the Chairman (in-charge) and Managing Director of Life Insurance Corporation of India (LIC).

• The State-owned life insurer, LIC is now the majority shareholder in IDBI Bank with 51% stake

Important Points


Tagline - Banking for all, "Aao Sochein Bada"

Headquarters - Mumbai

Chairman - Hemant Bhargava

MD & CEO - Rakesh Sharma


Tagline - "Yogakshemam Vahamyaham" (derived from Bhagavad Gita, which means " Your welfare is our responsibility)

Headquarters - Mumbai

Chairman - Hemant Bhargava


Assam launched PRANAM Commission 


• Assam Chief Minister Sarbananda Sonowal has launched the PRANAM Commission for the protection of parents of state government employees.

• The Parent Responsibility and Norms for Accountability and Monitoring (PRANAM) Bill, stated to be the first-of-its-kind bill in the country.

• PRANAM Bill was approved by the cabinet last year, makes it mandatory for state government employees to look after their parents and unmarried Divyang siblings who do not have their own sources of income.

Important Points


Capital - Dishpur

Chief Minister - Sarbananda sonowal

Governnor - Jagdish Mukhi

National Park

  • Kaziranga National Park
  • Dibru-Saikhowa National Park
  • Manas National Park
  • Nameri National Park
  • Rajiv Gandhi Orang National Park


West Bengal launched 'Banglar Shiksha' web portal


• West Bengal Education Minister, Partha Chatterjee has launched a web portal "Banglar Shiksha" to provide real-time data on state-run and aided schools.

• This portal is first-of-its-kind in the state as well as in the country and it should be fully functional by May 1, 2019.

• The portal will store real-time data of 1.5 crore students, 5 lakh teachers and 1 lakh schools.

Important Points

West Bengal

Capital - Kolkata

Chief Minister - Mamta Banerjee

Governor - Keshari Nath Tripathi

National Park

  • Buxa Tiger Reserve 
  • Neora Valley National Park
  • Singalila National Park
  • Grumara National Park
  • Sundarbans National Park
  • Jaldapara National Park


  • Chau dance
Smriti Irani inaugurated "Titanwala Museum" in Rajasthan


• Union Textiles Minister Smriti Irani inaugurated the "Titanwala Museum" at Bagru, Rajasthan that showcases the Chhipa community's hand block printing.

• The initiative of setting up the museum was taken by Suraj Narayan Titanwala, as an effort towards preserving the art of tradition Bagru block printing.

Important Points


Capital - Jaipur

Chief Minister - Ashok Gehlot

Governor - Kalyan Singh

National Park

  • Bharatpur National Park
  • Sariska National Park
  • Ranthambore National Park
  • Darrah National Park
  • Desert National Park

Folk Dance

  • Ghumar


HRD Ministry Launched SHREYAS Scheme


• Human Resource Development Minister Prakash Javadekar launched SHREYAS Scheme to provide industry apprenticeship opportunities to fresh graduate.

• This initiative will help graduate polish their skills directly from industry experts and could bring India closer to its aim of skilling its youth population to make them more employable.

• This scheme is a programme basket comprising the initiatives of three central ministries, including the HRD, Ministry of Skill Development and Entrepreneurship, and the Ministry of Labour and Employment

• The full name of SHREYAS is Scheme for Higher Education Youth in Apprenticeship and Skills.


16th edition of BioAsia 2019 held in Hyderabad


• The 16th edition of BioAsia 2019 Asia's largest biotechnology and life-sciences forum was conducted in Hyderabad, Telangana.

• The conference was inaugurated by the Governor of Telangana E.S.L Narasimhan.

• The theme of the conference was "Life Sciences 4.0 - Disrupt the Disruption".

• BioAsia is an annual event, largely focuses on re-imaging healthcare after technological disruptions.

• 'Life Sciences 4.0: transforming health care in India' was launched by EY. The report discusses the descriptive impact of the fourth Industrial Revolution (Industry 4.0) on the health care ecosystem in India.

Important Points


.Capital - Hyderabad

Chief Minister - K. Chandrashekar Rao

Governor - E.S.L Narasimhan

National Park

  • Vanasthali National Park
  • Kasu Reddy National Park

Classical Dance Form

  • Kuchipudi (classical dance)


News18 Rising India Summit 2019 held in New Delhi


• Prime Minister Narendra Modi addressed News18 Rising India Summit, held in New Delhi and laid out his vision for a 'New India'.

• The theme of the summit was, "Beyond Politics: Defining National Priorities".

• The summit is presented by Ebix and is one of the most anticipated thought leadership forums in India.


Inclusive Internet Index 2019: India ranks 47th


• India ranked 47th out of 100 countries in the Facebook 'Inclusive Internet Index 2019' and maintained its previous year rank.

• 'Inclusive Internet Index' is prepared by the Economist Intelligence Unit (EIU) for Facebook.

• The index was expanded to include 100 countries which will represent 94% of the world's population and 96% of global GDP.

• Sweden topped the index followed by Singapore (2nd) and USA (3rd).

Important Points


Headquarters - California, US

CEO - Mark Zuckerberg


Capital - Stockholm

Currency - Swedish Krona


Muhammadu Buhari re-elected as Nigerian President


• Muhammadu Buhari re-elected as Nigerian President, he beat Atiku Abubakar by close to four million votes to emerge a winner. 

• He becomes only the second man to achieve the feat to securing two straight terms. The first president was Olusegun Obasanjo who won terms (1999-2007).

Important Points


Capital - Abuja

Currency - Nigerian Naira

Prime Minister - Abubakar Tafawa Balewa


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