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 surface-to-surface 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
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  • 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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