Daily Update - 22, 23rd March 2014

1.World Water Day Observed.

     World Water Day observed on 22nd march to preserve and control the consumption of water.United Nations conference on Environment and development (UNCED) initiates the observation of this day for promoting sustainable management of water resources.


2. Officers honored with keerthi Chakra.


   Three officers of the Armed forces were honored with the second highest gallantry award.
       1. Wg: Cdr Darryl Castelino : Received award posthumously for his role in operation rahat,where his chopper crashed with 20 members after he saved more than 80 lives.
      2. Maj. Mahesh Kumar :  For his acts in countering insurgency in Jammu & Kashmir.       3. Cdr. Abhilash Tomy : For his completing world voyage on his sail ship non-stop in 151 days.

3. RBI notifies guidelines for early detection and recovery of bad loans.

    RBI notifies NBFCs and other financial institutions to categorize loans into special mention accounts  before a loan turns into NPA
   (A) . SMA 0 :A/C overdue not more than 30 days but facing stress.
   (B) SMA 1:  principal/interest overdue between 31-60 days.
   (c)  SMA 2 : Principal/interest overdue for 61-180 days
However NPA should be held by concerned banks for a period of 12 months before selling it to other financial institution or NBFC.

4. Aamir Khan to become national icon for LS polls.

       Bollywood star Aamir khan agreed election commission to become the national icon for the coming lok sabha polls.He will co-operate with ECs voter awareness initiatives and leads the media campaign.He will join existing icons DR APJ Abdul Kalam,MS Dhoni ,Saina Nehwal ,and Boxer Mary Kom.


5. Government of India divested 9 percent stakes in Axis Bank.  
 
    Government of India divested 9 percent stake which amounts to 5500 crore rupees  in Axis Bank. GoI,earlier had 20.72 percentage stakes through specified undertaking of unit trust of India(SUUTI)
It will remain the largest shareholder with 11.72% followed by LIC.

6. World's largest TV Unveiled.

   Panasonic unveiled world's largest television Big Hoss at Texas motor speed highway ,US.The screen is 218 feet wide and 94.6 feet tall,which makes it taller than a seven storied building and longer than Boeing 767 flight.