25.10.18 Andhra Pradesh (APPSC) Daily Current Affairs

ANDHRA PRADESH

  • Chandrababu Naidu announced the Rayalaseema Steel Plant will be launched

 

  • Chief Minister Chandrababu Naiduannounced that the‘Rayalaseema Steel Plant,’in Kadapa district will be launched within a month if the BJP-led NDA government failed to act.
  • At the seventh edition of ‘Dharma Porata Deeksha,’ the Telugu Desam Party’s flagship campaign aimed at exposing the Centre’s alleged injustice to Andhra Pradesh, Mr. Naidu said the State would take up the project on its own by providing the required sops if the Narendra Modi government continued to drag its feet over the project.

INTERNATIONAL

 

 

·        Indian banks profitability weaker than BRICS peers, to improve next fiscal: Moodys

 

  • Moody’s Investors Servicein its report stated that the profitability of Indian banks is “distinctively weak” compared to the other BRICS nations.
  • In India, the system-wide asset quality is weak due to stressed public sector banks, which dominate the sector.
  • Indian banks have a tangible common equity ratio of 8.7 percent at the end of 2017.
  • It is unprofitable and has a negative ROA due to high credit costs at dominant state-owned banks.

 

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