PNB loses Rs. 3,800 crore m-cap
o Punjab National Bank’s market capitalisation fell by more than Rs. 3,800 crore after the bank detected fraudulent transactions worth over Rs. 11,300 crore at a Mumbai branch.
o The bank is currently valued at ?35,365 crore after its shares fell nearly 10%.
o The CBI is investigating billionaire jeweller Nirav Modi and his firms in relation to the fraud transactions.
S Africa’s Prez resigns
o Jacob Zuma has resigned from the post of South Africa’s President after defying a 48-hour deadline given by the ruling African National Congress (ANC) to leave the office.
o Zuma, who had to face a no-confidence vote in Parliament said, “I fear no motion of no confidence”
o He said, No life should be lost. The ANC should never be divided in my name.
GST will replace excise, VAT on crude
o Union Oil Minister Dharmendra Pradhan has said that excise duty and VAT on crude oil will be replaced with Goods and Services Tax (GST) in the coming one to two years.
o He added that the shift will happen gradually as many states are worried if their revenue collection might decline once GST is implemented.
Karnataka’s Hampi as ‘Iconic Tourism’ site
o The Centre announced that Karnataka’s Hampi monuments will be among the ten destinations selected as ‘Iconic Tourism’ sites.
o In his Union Budget speech, Finance Minister Arun Jaitley had said that the sites will be provided support for holistic infrastructure and skill development.
o Other selected sites include the Taj Mahal, Konark Sun Temple, and Ajanta and Ellora caves.
WB Becomes 1st State To Opt Out Of ‘Modicare’
o Bengal CM Mamata has opted out of Centre’s ‘Modicare’ scheme. She said state already has a scheme of its own.
o This makes West Bengal the first state to withdraw from the ambitious programme.
o Arun Jaitley had announced the NHPS on February 1, making it the biggest global plan to provide quality health cover to a population larger than the combined citizenry of the US, UK, Germany & France.
India To Host 8th Theatre Olympics
o In an effort to put India firmly among the top nations in the world theatre map, the country will play host to the 8th Theatre Olympics, the greatest carnival of thespianism.
o The 51-day theatre extravaganza which will be inaugurated at Red Fort
o It will see 450 shows including 65 shows by international artistes, 600 ambient performances and 250 youth forum shows.
Wipro among 135 most ethical comp in world
o Tata Steel and Wipro are the two Indian companies that have been named by US-based Ethisphere Institute in the list of World’s Most Ethical Companies for 2018.
o The think tank has honoured 135 companies from 23 countries and 57 industries.
o Notably, Tata Steel and Wipro are receiving the award for the sixth and seventh time respectively.
Ronaldo 1st player with 100 goals for 1 club
o Real Madrid frontman Cristiano Ronaldo has become the first player in UEFA Champions League history to score 100 goals for a single club.
o His overall tally in the tournament has gone up to 116 goals, 19 more than Lionel Messi.
o Further, Ronaldo has scored 10+ UCL goals for the seventh straight season, no other player has done so in three.
TN won Senior Women’s Football Championship
o Tamil Nadu has won the Senior Women’s National Football Championship for the first time.
o Tamil Nadu, which was playing its first-ever final, defeated Manipur, 2-1 at the Barabati Stadium in Cuttack, Odisha.
o Skipper Indumathi and Indrani found the net for Tamil Nadu, while Ratanbala scored Manipur’s only goal.
NEET mandatory for MBBS aspirant going abroad
o Government makes it mandatory for Indian students to clear NEET to obtain an eligibility certificate for applying to medical colleges abroad.
o Currently, anyone who scores 50% in 12th boards is eligible to go abroad which is why Medical Council of India proposed making NEET mandatory.
o A common national entrance exam— NEET— is mandatory for admission to all medical courses in the country.