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1.53 lakh crore bank loan waiver written off

  • Banks are writing off non-performing loans every financial year. Experts say banks are engaging in such activities to reduce the value of weekly loans.
  • In the last financial year alone, banks have written off weekly loans worth Rs 1.53 lakh crore. This is the 2nd highest amount of weekly loans written off in the last 10 years. In the last financial year 2018-19, banks had written off weekly loans worth Rs 2.54 lakh crore.
  • Importantly, 55.65 per cent of the loans written off in the last financial year were written off in the last quarter alone.
Weekly loans written off by banks in the last financial year
  • SBI - Rs 34,403 crore
  • Yes Bank - Rs 17,208 crore
  • Punjab National Bank - Rs 15,877 crore
  • Baroda Bank - Rs 14,878 crore
  • Axis Bank - Rs 13,906 crore
  • ICICI Bank - Rs 9,608 crore
  • UCO Bank - Rs 9,411 crore
  • Central Bank - Rs 5,992 crore
Weekly loans discounted by fiscal year wise
  • 2017-18 - Rs 1.44 lakh crore
  • 2018-19 - Rs 2.54 lakh crore
  • 2019-20 - Rs 1.45 lakh crore
  • 2020-21 - Rs 1.53 lakh crore.
Djokovic wins French Open title
  • In the men's singles final of the French Open, Tsitsipas of Greece and Djokovic of Serbia competed. Chitsibas won the first two sets 7-6, 6-2. Djokovic, who then recovered, won 6-3, 6-2, 6-4. This is the 6th time Djokovic has bounced back from a 2-set defeat to win the match.
  • Serbia's Novak Djokovic wins 19th Grand Slam title at French Open men's singles final
  • Rafael Nadal and Roger Federer have won 20 Grand Slam titles. Djokovic has one more degree of internet left with them.
The central government has allocated a maximum of Rs 10,870 crore to UP for the 'Jal Jeevan' project
  • The central government has developed the 'Jal Jeevan' scheme to provide drinking water pipe connections to homes across the country. The central government has set a target of implementing the scheme by 2024. Accordingly, Rs 50,000 crore has been allocated for this project in the current budget.
  • Meanwhile, the Central Jal Shakti Department has been allocating a certain amount of money to all the states since 2019 to implement the Jal Jeevan project.
  • Of that, Rs 6,998.97 crore was allocated to West Bengal last week. Gujarat and Madhya Pradesh have been allocated Rs 3,410 crore and Rs 5,117 crore respectively.
  • A total of Rs 9,262 crore has been declared for the North Eastern States. In this context, the Central Water Authority yesterday set aside a maximum of Rs 10,870 crore for the state of Uttar Pradesh, which is set to go to the polls next year.
  • There are 2.63 crore houses in 97 thousand villages in Uttar Pradesh. Out of them 30.04 lakh households have been provided with drinking water pipes.
  • Prior to the Jal Jeevan project, only 5.16 lakh households had access to drinking water. According to federal government sources, 2.33 crore households still need to be provided with drinking water pipes.
Naphtali Bennett is the new Prime Minister of Israel
  • In the 120-member parliament, 60 votes were cast in favor of the new government and 59 against. One member did not participate in the vote. Following this, Naphtali Bennett became the 13th Prime Minister of Israel. The new government has 27 ministries.
Rs 499 crore for defense research - Union Minister Rajnath Singh approves
  • Rs 499 crore has been earmarked for innovation, innovation and research in the defense sector. This has been approved by Union Defense Minister Rajnath Singh.
  • This will provide budget funding support for defense research and development work and start-ups that create innovative ideas. It will benefit 300 start-ups, small, medium and micro enterprises, individual inventors.
  • India is one of the largest buyers of military equipment internationally. To change this situation, the government has decided to produce most of it locally. The target is to produce military equipment worth Rs 1.75 lakh crore over the next five years. It also plans to export equipment worth Rs 35,000 crore.
  • This will increase the chances of producing military equipment locally. This allocation is made to the Military Skills and Defense Innovation Agency (DIO).
  • The funds will be used for research and development work, including the production of military equipment and the development of aircraft for the Air Force.
Gold Peacock Award for DNPL Plant for Community Activity
  • The Institute of Directors New Delhi annually presents the Gold Award to a company globally and nationally selected for its outstanding implementation of the CSR program in companies such as agriculture, oil production, engineering, renewable energy production, banking, cement, paper production, mining and metals.
  • In this context, the Bukhur DNPL plant in Karur district has been providing free education to vulnerable community children from the villages surrounding the plant, providing English speaking skills to students in government schools,
  • Free Medical Camps, Conducting Ophthalmology Camps, Providing Necessary Assistance, Providing Medical Equipment to Government Hospitals,
  • It has been implementing numerous community welfare schemes such as providing skill development training, providing drinking water to the villagers, clearing lake ponds, canals, providing saplings and planting. The Nationally Appreciated Paper (DNPL) plant has been selected for the Gold Peacock Award for Community Responsibility 2020.

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