1. Nation Technology Day: 11 May
National Technology Day is celebrated to memorize the anniversary
of “Shakti: The Pokhran Nuclear Test” Which was held in 11th of May
1998
2. RBI puts Dena Bank under Corrective Action:
The public sector lender DENA BANK on 11th
of May 2018 reported the widening of its net loss to Rs. 1,225.42 crore in the
March quarter report. The net loss stood at Rs 575.26 crore in the
January-March quarter of 2016-17.
3. China’s Alibaba buys Pakistani E-commerce Daraz:
Chinese E-commerce firm Alibaba has purchase Pakistani
E-commerce firm Daraz to continue to expand its overseas presence in South
Asian Consumer market.
4. DFS to approach revenue dept over GST:
Department of Financial Services (DFS) has decided to
approach the revenue department to clarify the confusion on levy of GST on some
free services provided by Banks. Financial Services Secretary Rajiv Kumar said “The
issue of imposition of GST on some free services that banks provide to its
customers will be taken up with the revenue department and we hope to resolve
the issue soon.”
5. Bank Unions on 48-hour strike from May 30:
The association of banking union has threatened to go
on 48=hours strike from 30th of May to 31st of May over
the issue of Indian Bank’s Association’s measly wage hike offer and delay in
wage negotiation.
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