GS-III

Flooding puts Kerala in crisis

Red alert sounded in eight districts; heavy discharge from Idukki; toll rises to 27 Many parts of Kerala were grappling with a looming crisis on Friday as a heavy rainfall warning and tidal flooding alert looked set to compound the worsening flood situation in the State. The State Disaster Management …

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One-third of PSBs remain headless

PM-led panel yet to appoint CEOs One-third of public sector banks remain headless as a Prime Minister-headed panel is yet to clear the CEO appointments. The chief executive officer post at three PSBs remain vacant for more than seven months. On July 31, two more PSB CEOs — Rakesh Sharma …

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‘RBI must resume issuing LoUs, LoCs’

Discontinuation of the facility has resulted in 2-2.5% increase in cost of credit: Parliamentary panel The Reserve Bank of India’s decision to discontinue the issuance of Letters of Undertaking (LoU) and Letters of Credit (LoC) for trade credit was a “knee-jerk reaction” to the Punjab National Bank fraud case and …

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LS passes SC/ST amendment Bill

Was brought to bypass Supreme Court ruling that ‘diluted’ provisions of law The Lok Sabha on Monday passed the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Bill, 2018, to bypass the recent ruling of the Supreme Court laying down procedures for arrests under the Act. The Bill will …

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Indra Nooyi to step down as PepsiCo CEO

She helmed the company for 12 years Indra Krishnamurthy Nooyi will step down as the CEO of PepsiCo after 12 years in the position, the company announced on Monday. Taking over the reins of the global giant in 2006, Ms. Nooyi steered the company through the 2008 financial crisis and …

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(feit)

How artificial intelligence is helping to crack down on the $460 billion fake designer products industry A few months ago, on a night of infant-induced sleeplessness, I stumbled upon the Reddit group, ‘RepLadies’. This community of fashion savvy women (and men) focuses on finding the best replica designer goods — …

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