1. RBI to soon set up Central Fraud Registry
Mindful of the impact of frauds on banks' financials, the Reserve Bank of India (RBI)
Mindful of the impact of frauds on banks' financials, the Reserve Bank of India (RBI)
will soon set up a Central Fraud Registry as part of an early warning system.
The idea is to set up a structure for quick sharing of information about unscrupulous borrowers and help banks fight bad loans
The Registry will work under the supervision of the RBI, the official added.
Currently, there is no single database that lenders can access for all relevant details of previously reported frauds.
The structure, which is in the works, will make available more information to banks at the time of starting a banking relationship, extension of credit facilities or at any time during operation of an account.
The idea is to set up a structure for quick sharing of information about unscrupulous borrowers and help banks fight bad loans
The Registry will work under the supervision of the RBI, the official added.
Currently, there is no single database that lenders can access for all relevant details of previously reported frauds.
The structure, which is in the works, will make available more information to banks at the time of starting a banking relationship, extension of credit facilities or at any time during operation of an account.
2. India-Singapore bilateral naval exercise SIMBEX-15 commences in Singapore
Bilateral naval exercise SIMBEX-15 between India and Singapore commenced on 23 May 2015 in Singapore. It is 3 days exercise which will conclude on May 26, 2015. This edition of naval exercise will give traditional emphasis on anti-submarine warfare (ASW) and more complex maritime exercises. It will involve various facets of naval operations such as air and surface practice firing, air defence, maritime security and search & rescue operations.
3. Indian Film Masaan wins critics prize at 68th Cannes film festival
Indian film Masaan has won the prestigious critics prize in the Un Certain Regard category at the 68th Cannes Film Festival after it was premiered on May 20, 2015. The film is directoral debut of Neeraj Ghaywan and a joint production of Manish Mundra, Macassar Productions, Arte France Cinema, Sikhya Entertainment & Phantom Films. It stars Vicky Kaushal, Shweta Tripathi along with Richa Chadda and Sanjay Mishra. The film is a narrative set based in Varanasi and its characters connected with the Ganga. The critic’s prize in the Un Certain Regard category runs parallel to the competition for the main prize, Palme d’Or in the film festival.
4. 2 Indians posthumously chosen for UN’s prestigious Dag Hammarskjold Medal
Two Indian peacekeepers have been chosen posthumously for United Nation’s Dag Hammarskjold Medal. They are Lance Naik Nand Ram and Raju Joseph. Both of them are among the 126 police, military and civilian personnel who have been posthumously awarded a prestigious UN medal. They have been chosen for this award for their courage and sacrifice while serving in UN peacekeeping operations in 2014 and lost their lives as a result of hostile acts, accidents and disease. They will be presented with this medal on May 29, 2015 i.e. on the International Day of United Nations Peacekeepers. Lance Naik Nand Ram had served with the UN Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO). While, Raju Joseph had served in a civilian capacity with the UN Mission in South Sudan (UNMISS).
5. Huewei launched LiteOS, world’s most lightweight IoT operating system (OS)
China-based Huawei Technologies Co. Ltd launched LiteOS operating sytem meant for Internet of Things (IoT) based devices.
Huewei, a multinational networking and telecommunications equipment and services company, launched the technology at the Huawei Network Congress (HNC) 2015 held in Beijing, China.
6. Ireland says 'yes’ to same-sex marriage
The Republic of Ireland voted strongly in favour of legalising same sex marriage in a referendum held today in which more than 3.2 million people cast their vote.
Ireland is the first country to legalise same-sex marriage through a popular vote.
In a country where 84 percent of the population is Catholic, the overwhelming sentiment in favour of same-sex marriage makes the referendum especially significant. The voter turnout is estimated to be between 50 and 60 percent. By early afternoon the trends were so clearly in favour of the ‘Yes’ vote that the ‘No’ camp conceded defeat even before it was formally called.
The Republic of Ireland voted strongly in favour of legalising same sex marriage in a referendum held today in which more than 3.2 million people cast their vote.
Ireland is the first country to legalise same-sex marriage through a popular vote.
In a country where 84 percent of the population is Catholic, the overwhelming sentiment in favour of same-sex marriage makes the referendum especially significant. The voter turnout is estimated to be between 50 and 60 percent. By early afternoon the trends were so clearly in favour of the ‘Yes’ vote that the ‘No’ camp conceded defeat even before it was formally called.
1. RBI to soon set up Central Fraud Registry
Mindful of the impact of frauds on banks' financials, the Reserve Bank of India (RBI)
Mindful of the impact of frauds on banks' financials, the Reserve Bank of India (RBI)
will soon set up a Central Fraud Registry as part of an early warning system.
The idea is to set up a structure for quick sharing of information about unscrupulous borrowers and help banks fight bad loans
The Registry will work under the supervision of the RBI, the official added.
Currently, there is no single database that lenders can access for all relevant details of previously reported frauds.
The structure, which is in the works, will make available more information to banks at the time of starting a banking relationship, extension of credit facilities or at any time during operation of an account.
The idea is to set up a structure for quick sharing of information about unscrupulous borrowers and help banks fight bad loans
The Registry will work under the supervision of the RBI, the official added.
Currently, there is no single database that lenders can access for all relevant details of previously reported frauds.
The structure, which is in the works, will make available more information to banks at the time of starting a banking relationship, extension of credit facilities or at any time during operation of an account.
2. India-Singapore bilateral naval exercise SIMBEX-15 commences in Singapore
Bilateral naval exercise SIMBEX-15 between India and Singapore commenced on 23 May 2015 in Singapore. It is 3 days exercise which will conclude on May 26, 2015. This edition of naval exercise will give traditional emphasis on anti-submarine warfare (ASW) and more complex maritime exercises. It will involve various facets of naval operations such as air and surface practice firing, air defence, maritime security and search & rescue operations.
3. Indian Film Masaan wins critics prize at 68th Cannes film festival
Indian film Masaan has won the prestigious critics prize in the Un Certain Regard category at the 68th Cannes Film Festival after it was premiered on May 20, 2015. The film is directoral debut of Neeraj Ghaywan and a joint production of Manish Mundra, Macassar Productions, Arte France Cinema, Sikhya Entertainment & Phantom Films. It stars Vicky Kaushal, Shweta Tripathi along with Richa Chadda and Sanjay Mishra. The film is a narrative set based in Varanasi and its characters connected with the Ganga. The critic’s prize in the Un Certain Regard category runs parallel to the competition for the main prize, Palme d’Or in the film festival.
4. 2 Indians posthumously chosen for UN’s prestigious Dag Hammarskjold Medal
Two Indian peacekeepers have been chosen posthumously for United Nation’s Dag Hammarskjold Medal. They are Lance Naik Nand Ram and Raju Joseph. Both of them are among the 126 police, military and civilian personnel who have been posthumously awarded a prestigious UN medal. They have been chosen for this award for their courage and sacrifice while serving in UN peacekeeping operations in 2014 and lost their lives as a result of hostile acts, accidents and disease. They will be presented with this medal on May 29, 2015 i.e. on the International Day of United Nations Peacekeepers. Lance Naik Nand Ram had served with the UN Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO). While, Raju Joseph had served in a civilian capacity with the UN Mission in South Sudan (UNMISS).
5. Huewei launched LiteOS, world’s most lightweight IoT operating system (OS)
China-based Huawei Technologies Co. Ltd launched LiteOS operating sytem meant for Internet of Things (IoT) based devices.
Huewei, a multinational networking and telecommunications equipment and services company, launched the technology at the Huawei Network Congress (HNC) 2015 held in Beijing, China.
6. Ireland says 'yes’ to same-sex marriage
The Republic of Ireland voted strongly in favour of legalising same sex marriage in a referendum held today in which more than 3.2 million people cast their vote.
Ireland is the first country to legalise same-sex marriage through a popular vote.
In a country where 84 percent of the population is Catholic, the overwhelming sentiment in favour of same-sex marriage makes the referendum especially significant. The voter turnout is estimated to be between 50 and 60 percent. By early afternoon the trends were so clearly in favour of the ‘Yes’ vote that the ‘No’ camp conceded defeat even before it was formally called.
The Republic of Ireland voted strongly in favour of legalising same sex marriage in a referendum held today in which more than 3.2 million people cast their vote.
Ireland is the first country to legalise same-sex marriage through a popular vote.
In a country where 84 percent of the population is Catholic, the overwhelming sentiment in favour of same-sex marriage makes the referendum especially significant. The voter turnout is estimated to be between 50 and 60 percent. By early afternoon the trends were so clearly in favour of the ‘Yes’ vote that the ‘No’ camp conceded defeat even before it was formally called.
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