 Union Finance Minister Nirmala Sitharaman has announced a big consolidation of public sector banks. Under the scheme of amalgamation, 10 public sector banks are to be merged into four banks. After the amalgamation, the total number of Public Sector Banks in the country will come down to 12 from 27 banks in 2017 |
The amalgamation of banks will be in the following manner:
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| The government has also announced capital infusion of over Rs 55,000 crore into public sector banks: PNB (Rs 16,000 crore), Union Bank of India (Rs 11,700 crore), Bank of Baroda (Rs 7000 crore), Indian Bank (Rs 2500 crore), Indian Overseas Bank (Rs 3800 crore), Central Bank (Rs 3300 crore), UCO Bank (Rs 2100 crore), United Bank (Rs 1600 crore) and Punjab and Sind Bank (Rs 750 crore). |
| Source: The Live mint |
 Ajantha Mendis, the mystery spinner from Sri Lanka, has announced his retirementfrom all forms of cricket. Mendis played 19 Tests, 87 One-Day Internationals and 39 T20Is for Sri Lanka, taking 70 Test wickets, 152 ODI wickets and 66 T20I wickets. Mendis was renowned in the cricketing world for his ‘carrom ball’ and various other variations. He last played for Sri Lanka in 2015. He is best remembered for his 6/13 in the Asia Cup Final in 2008. |
| Source: The Indian Express |
 India has become the first country in the world to issue Biometric Seafarer Identity Document (BSID), capturing the facial biometric data of seafarers. The new facial biometric technology is a marked improvement over the two-finger or iris-based bio-metric data, with modern security features. It will make the identification of the SID holder more reliable and efficient while protecting their dignity and privacy. BSID project has been taken up in collaboration with the Centre for Development of Advanced Computing (CDAC). |
| Source: The Press Information Bureau |
 The Appointments Committee of the Cabinet headed by Prime Minister has approved the extension of the tenure of CBDT Chairman Pramod Chander Mody. The tenure of the CBDT chairman has been extended by one year. Pramod Chander Mody was appointed as the chairman of CBDT in Feb 2019, when Sushil Chandra, the then CBDT chief, was appointed as an Election Commissioner. |
| Source: The Economic Times |
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| Former human rights lawyer Lionel Aingimea won the presidential election of the pacific nation Nauru by defeating his rival David Adeang by 12-6 votes. He is now the 15th President of Nauru succeeding the outgoing President Baron Waqa. |
| Source: The Guardian |
 Public Enterprises Selection Board (PESB) has selected Pramod Agarwal as the next chairman of Coal India. He is a 1991 batch IAS from Madhya Pradesh cadre. He will take over after the present chairman A K Jha retires in January 2020. Agarwal is currently principal secretary for urban development and housing department in Madhya Pradesh. |
| Source: The Economics Times |
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| Senior diplomat Pavan Kapoor has been appointed as India’s Ambassador to the United Arab Emirates by the Ministry of External Affairs. Kapoor, a 1990-batch Indian Foreign Service officer. He will replace Navdeep Suri as India’s Ambassador to the UAE. |
| Source: The Business Standard |
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| The 12th India Security Summit was held in New Delhi. The theme of the summit was “Towards New National Cyber Security Strategy”. Protection of critical national infrastructure, emerging cyber threats: incidents, challenges and response, are some of the issues which were discussed during the conference. |
| Source: The Press Information Bureau |
 India Meteorological Department (IMD) signed a Memorandum of Understanding (MoU) with the Indian Navy to hand over Cyclone Detection Radar (CDR) building to naval forces for meteorological purposes. The building is set to be utilised by Indian Naval Meteorological Analysis Centre (INMAC). It is an operational unit set up in 2013 with the mandate to provide daily meteorological information/ forecasts to users across the Navy such as IN ships and establishments. The CDR building was constructed during the period 1983-86 inside the Naval Base, having an S-band Cyclone Detection Radar installed by M/s Bharat Electronics Limited. |
| Source: The Business Standard |
 India Ratings and Research has revised its projection of the India’s GDP growth in financial year 2019-20 to 6.7%. It has reduced the GDP growth rate from 7.3% to 6.7%. It expects GDP growth to recover to 7.4% in the second half of financial year 2019-20. |
| Source: The Hindu |
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