Current Affairs Today 19th June 2020| Current Affairs News

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CURRENT AFFAIRS: DAYS

Sustainable Gastronomy Day

• The UN General Assembly adopted and designated 18 June as an international observance,Sustainable Gastronomy Day.
• The decision acknowledges gastronomyas a cultural expression related to the natural and cultural diversity of the world.

World Sickle Cell Day 

• World Sickle Cell Day observed each June 19 to raise awareness about the red blood cell disorder, and to raise funds to fight it.
• World Sickle Cell Day is the perfect opportunity to run an event or fundraiser to let people in your community know more about sickle cell and help support those living with the disorder.

World Sauntering Day

• World Sauntering Day is marked yearly on June 19 to remind us to stop and smell the roses.
• World Sauntering Day that began in 1979 to remind people to slow down and enjoy life and not rush through it.

CURRENT AFFAIRS: NATIONAL

India will be global manufacturing hub for electric vehicles in five years

• Union Road Transport Minister Nitin Gadkari stated that India will be a manufacturing hub for electric vehicles within the next five years, adding that several countries do not want to deal with China after the COVID-19 crisis which can be an opportunity for India. During a webinar titled ‘India’s Electric Vehicle Roadmap Post COVID-19’.
• The minister asked Indian automotive companies to boost their electric vehicle technology and also to focus on finding alternatives to lithium-ion battery tech to help make India the next global manufacturing hub for electric vehicles.

About MoRTH

• Minister for Road Transport & Highways, Minister of Shipping and MSME: Nitin Gadkari
• Constituency: Nagpur, Maharashtra.

PM Modi launches auction of coal mines for commercial mining

• PM Modi stated India has taken the big decision to fully open the coal and mining sector for competition, capital, participation, and technology.
• PM Modi stated a major step has been taken to make India self reliant in the Energy sector. He stated the government is not only launching an auction for commercial coal mining, but also taking the coal sector out of decades of lockdown. He stated allowing the private sector in commercial coal mining is unlocking resources of a nation with the world’s fourth largest reserves. He added that the sector was excluded from competition and transparency was a big problem.
• The Prime Minister stated the reforms in the coal sector are a great way to make Eastern and Central India, and the tribal belt the pillars of development. He stated there are 16 aspirational districts in the country which have large reserves of coal but have not benefited the local people as much as they should have. He stated reforms and investment in this sector will play a huge role in making lives easy for the poor and tribal people.
• PM Modi stated the commercial coal block auction is a win-win for industry users. He stated new resources will open up and states will get more revenue and employment.

Health Minister Dr. Harsh Vardhan launches India’s First Mobile I-LAB 

• Union Minister of Health and Family Welfare Dr Harsh Vardhan launched India’s first mobile I-Lab (Infectious disease diagnostic lab) for last-mile access to Covid-19 testing. It will be deployed in remote, interior and inaccessible parts of the country and have the capability to perform 25 Covid-19 RT-PCR tests per day, 300 ELISA tests per day and additional tests for TB and HIV.
• The Infectious Disease Diagnostic Lab (I-LAB) is supported by the Department of Biotechnology, Ministry of Science and Technology, under the COVID-Command strategy.

Climate Change Tracker: India’s first ever climate change assessment

• For the first time, India has released its own national report on the state of the climate crisis. Prepared under the aegis of the ministry of earth sciences (MoES), the report, Assessment Of Climate Change Over. The Indian Region, takes a close look at where we stand regarding long-term changes in climate patterns, and their attendant risks.
• The big revelation is that India’s average temperature has increased by 0.7 degrees Celsius between 1901-2018, and that this is purely due to the emission of greenhouse gases (GHG). The report further states that in a best-case scenario of immediate mitigation of emissions, India’s temperature will still rise by 2.7 degrees Celsius by 2099. The worst-case scenario sees a rise of 4.4 degrees Celsius by the end of the century.
• Given the recent cyclones, it is instructive to learn that the sea level near Mumbai is rising at the rate of 3cm per decade. Off the Bengal coast, it’s 5cm per decade. Surface temperatures in the Indian Ocean (including the Bay of Bengal and the Arabian Sea) have risen by 1 degree Celsius between 1951-2015, higher than the global average.
• Climate change-induced heatwaves often slip under the radar. The report points out that April-June heatwaves will become four times more frequent by 2099 (compared to 1976-2005), and their duration might also double.

About ministry of earth sciences:      

• Harsh Vardhan: Minister of Earth Sciences (India)
• Constituency: Chandni Chowk

CURRENT AFFAIRS: INTERNATIONAL

India will be United Nations Security Council President for August 2021

• India, which has been elected as a non-permanent member of the Security Council, will serve as the president of the powerful 15-nation UN body for the month of August, 2021.
• The presidency of the Council is held by each of the members in turn for one month, following the English alphabetical order of the member states’ names.
• According to the information released by the office of the UN spokesperson, India will assume the rotating presidency of the Council for the month of August next year. India will preside over the Council again for a month in 2022.
• India, Norway, Ireland, Mexico and Kenya were elected as the non-permanent members of the UNSC for a two-year term beginning January 1, 2021.
• Tunisia will begin 2021 as the President of the Council in January, followed by a month each for the rest of the year by the UK, the US, Vietnam, China, Estonia, France, India, Ireland, Kenya, Mexico and Niger.
• In 2021, the newly-elected members India, Ireland, Kenya, Norway and Mexico will sit at the UN high-table along with the five permanent members — China, France, Russia, the UK and the US — as well as non-permanent members Estonia, Niger, Saint Vincent and the Grenadines, Tunisia and Vietnam.
• The two-year terms of Belgium, Dominican Republic, Germany, Indonesia and South Africa are ending this year.

About UNSC:

• Permanent members– China, France, Russian Federation, the United Kingdom, and the United States
• Headquarters– New York, United States

CURRENT AFFAIRS: BANKING AND FINANCE

Karnataka Bank launches COVID-19 health insurance in partnership with Universal Sompo

• Karnataka Bank has launched a health insurance policy for COVID-19 in a tie-up with Universal Sompo General Insurance Company.
• The health cover can be availed at a nominal premium of Rs 399, inclusive of all taxes.
• The policy will cover in-patient hospital expenses up to Rs 3 lakh, outpatient treatment expenses of Rs 3,000, and will also provide a sum of Rs 1,000 per day towards expenses incurred towards 14 days of quarantine at a government or military hospital.
• The validity of this policy is for a period of 120 days. The policy is available to all the customers of the bank in the age group of 18-65 years.

About Karnataka Bank

• Headquarters– Mangaluru, Karnataka
• MD & CEO– Mahabaleshwara M.S.,
• Tagline :Your Family Bank Across India

About Universal Sompo General Insurance Company

• Headquarters– Mumbai,
• MD & CEO– Sharad Mathur

ICICI Home Finance launches affordable housing loan scheme SARAL

• ICICI Home Finance has launched a special affordable housing loan scheme, with special rates for women, lower and middle income groups. Called SARAL, it aims to fund homes in urban and rural areas.
• The product has been developed for women, lower, middle income customers and economically weaker sections having maximum household income up to6 lakh annually.
• SARAL offers affordable housing loans up to35 lakh at an interest rate starting from 7.98 per cent onwards, for a maximum tenure of 20 years. It added that customers with pre-existing loans can also transfer their loans.
• ICICI HFC’s SARAL loan requires a mandatory woman ownership in rural areas of the country for a household income of3 lakhs to Rs.6 lakhs.

About ICICI HFC

• Headquarters– Mumbai, Maharashtra
• Chairman– Anup Bagchi
• MD & CEO – Anirudh Kamani

Bank of Baroda to completely digitise lending operations

• India’s third largest lender Bank of Baroda is set to completely digitise it’s lending operations including home, agriculture, MSME, personal and auto loans. The bank which is looking to completely do away with paper-based lending has reached out to the big four and some white shoe consultants like McKinsey and Boston Consulting Group to help set up a “digital lending department”.
• The validation and disbursal of fresh loans will happen via this digital platform while past loan will also be digitised to cut costs and improve profitability. The bank is planning to digitise a large proportion of its retail and MSME processes in the next six months.
• As per a 18-month action plan laid out by the bank, it’s aiming to set-up and operationalise the digital lending department within two months. A later leg of the plan includes consolidating the bank’s ongoing digital initiatives within this new set up. After which the department will be integrated across the bank’s systems.
• While the digital interface has been in the works, people in the know stated that the spread of the pandemic and it’s fallout has hastened the process.

About Bank of Baroda

• Headquarters: Vadodara, Gujarat, India
• Hasmukh Adhia: Chairman
• Sanjiv Chadha: MD & CEO
• Tagline :India’s International Bank

RBI proposes to increase minimum Net Owned Fund size of HFCs

• The Reserve Bank proposed to increase the minimum Net Owned Fund size of Housing Finance Companies (HFCs).The proposal comes as part of a draft regulatory framework which will be applicable to HFCs.
• The Bank proposes to increase the minimum NOF for HFCs from the current requirement of Rs 10 crore to Rs 20 crore, the draft regulatory framework stated.
• For existing HFCs the glide path would be to reach Rs 15 crore within 1 year and Rs 20 crore within 2 years. This step is aimed at strengthening the capital base, especially of smaller HFCs and companies proposing to seek registration under NHB Act.”
• The draft guidelines also proposed to have an inclusive definition of the terms ‘providing finance for housing’ or ‘housing finance’ means: financing, for purchase or construction or reconstruction or renovation or repairs of residential dwelling units.
• On the loaning part, the guidelines stated: “All other loans including those given for furnishing dwelling units, loans given against mortgage of property for any purpose other than buying or construction of a new dwelling unit or units or renovation of the existing dwelling unit or units will be treated as non-housing loans.”
• Besides, the RBI proposed to issue HFC regulations by classifying them as systemically important and non-systemically important, so as to introduce a graded approach as applicable to NBFCs in general.
• In other words, non-deposit taking HFCs (HFC-ND) with asset size of Rs 500 crore and above; and all deposit taking HFCs (HFC-D), irrespective of asset size, will be treated as systemically important HFCs, the regulation stated.
• HFCs with asset size below Rs 500 crore will be treated as non-systemically important HFCs (HFC-non-SI). While the regulations for HFC-NDSI and HFC-Ds will be as existing under NHB regulations or harmonised with NBFC regulations, the regulations for HFC-non-SI will be brought on par with relevant regulations for NBFC-ND-non-SI.

About Reserve Bank of India (RBI):

• Headquarters– Mumbai, Maharashtra
• Formation– 1 April 1935
• Governor– Shaktikanta Das

CURRENT AFFAIRS: BUSINESS AND ECONOMY

Saudi Arabia’s PIF buys 2.32% stake in Jio for Rs 11,367 crore

• Reliance Industries Ltd has sold a 32 per cent stake in its digital unit to Saudi Arabia’s Public Investment Fund (PIF) for Rs 11,367 crore.
• With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.
• Facebook kicked off the party, investing Rs 43,573.62 crore for a 99 per cent stake. This was closely followed by a further Rs 60,753.33 crore in investment Silver Lake – the world’s largest tech investor – bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore .
• It invested another Rs 4,546.80 crore for additional 93 per cent stake, taking its total holding to 2.08 per cent
• Private equity KKR and Vista Equity Partners have taken 32 per cent stake each for Rs 11,367 crore apiece.
• Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 85 per cent in Jio Platforms for Rs 9,093.60 crore.
• Abu Dhabi Investment Authority invested Rs 5,683.50 crore for a 16 per cent stake in Jio Platforms.
• Global equity firm General Atlantic picked up 34 per cent stake in Jio Platforms for Rs 6,598.38 crore.
• Global investment firm TPG picked up 93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

Zomato’s new startup to offer mental health online

• Zomato co-founder Pankaj Chaddah unveiled his latest venture with former Zomato executive Pooja Khanna called Mindhouse, a mental wellness startup that offers users guided meditation sessions and techniques.
• The mobile app provides meditation and yoga content through a mixture of live classes and an on-demand library of audio and video content. It also recommends content based on various goals chosen by the user like sleep, relaxed mind, patience, and focus among others along with their past experience in meditation.
• The company offers this service through various plans starting with Rs 499 for a monthly plan and going up to Rs 999 for a three-month plan and Rs 1,999 for a yearly plan. It also offers a free tier with access to limited features and content.

About Zomato:

• Deepinder Goyal : Founder and CEO
• Headquarters: Gurugram, Haryana

BP to set up major new global business services centre in Pune

• UK energy Petroleum major British Petroleum announced plans to set up a major new centre for its global business services (GBS) operations in Pune.
• New centre will employ around 2000 people and will support digital innovation across BP globally.
• The centre is expected to begin operations by January 2021 and will provide business processing and advanced analytics capabilities in support of bp businesses worldwide.
• The new centre in India will assume operational ownership of third-party business processes and seek to further extend its work with analytics and data science capabilities to pursue better business outcomes.
• India is a growing market with growing digital talent pool. The new centre in India will allow bp to tap into this pool and will lead bp’s development and application of cutting-edge digital solutions.

CURRENT AFFAIRS: STATES

Karnataka Observes Mask Day on June 18^th

• Karnataka observed June 18^th as ‘Mask Day’ to create awareness in the masses about the importance of wearing one amid the Covid pandemic.
• The civic body is already raising awareness about the infection through announcements and pamphlets.
• Bruhat Bengaluru Mahanagara Palike (BBMP)marshals and staff are sharing pamphlets to pedestrians and motorists about Covid precautions, wearing a mask and not spitting in the public.

About Karnataka

• Chief minister: B. S. Yediyurappa
• Capital: Bengaluru
• Governor: Vajubhai Vala

J-K agri dept to be called Agriculture Production & Farmers Welfare Department

• The Jammu and Kashmir Administration approved the proposal of the Agriculture Production Department to change its nomenclature to ”Agriculture Production and Farmer Welfare Department” with a greater focus on farmers” welfare. The decision to change the nomenclature is in line with the Centre renaming Agriculture Ministry as ”Ministry of Agriculture, Cooperation and Farmers Welfare”, and many states following the suit, an official spokesman stated.
• He stated the decision underscores the changing role of the Agriculture Production Department in socio-economic transformation of J&K and is aimed at providing greater rigour and focus on farmer welfare by optimizing and helping farmers realize the true value of their produce. The department with a greater focus on farmer welfare has expanded its role beyond arrangement of inputs, extension activities and on-farm activities.
• The issues of farmers” welfare through various schemes have become the priority areas which include Public Private Partnership mode, greater investments in agriculture, enhancing credit flow and insurance coverage in the interest of farming community, the spokesman stated

About J&K:

• Lieutenant Governor– G.C. Murmu
• Capital: Srinagar (summer) Jammu (winter)

CURRENT AFFAIRS: APPOINTMENTS AND RESIGNATION

RBI approves re-appointment of Prakash Chandra as non-exec Chairman of RBL Bank

• Reserve Bank of India has approved the re-appointment of Prakash Chandra, Independent Director, as Non-Executive (Part-Time) Chairman of the RBL bank till July 23, 2021.

About RBL

• Headquarters: Mumbai
• MD & CEO: Vishwavir Ahuja

Kubatbek Boronov appointed as Prime Minister, government members approved

• Kyrgyzstan”s parliament voted to appoint a new prime minister, two days after his predecessor resigned amid a scandal over whether the government illegally sold radio frequencies.
• The lawmakers overwhelmingly approved the candidacy of Kubatbek Boronov, the former Emergency Minister who was at the helm of the Central Asian country”s fight against the coronavirus, with 105 votes out of 116.
• His predecessor, Mukhammedkalyi Abylgaziyev, announced that he was stepping down.

About Kyrgyzstan

• Capital– Bishkek
• Currency– Kyrgyzstani Som

CURRENT AFFAIRS: SUMMITS AND CONFERENCE

24th Meeting of the FSDC Sub-Committee over Video Conference

• A meeting of the Sub-Committee of the Financial Stability and Development Council (FSDC) was held through video conference. Shri Shaktikanta Das, Governor, Reserve Bank of India, chaired the meeting.
• Members of the sub committee include secretaries of finance, information technology, corporate affairs, economic affairs, financial services, the chief economic advisor, heads of regulatory bodies SEBI, IRDA and IBBI and also RBI deputy governors.
• The Sub-Committee reviewed the major developments in global and domestic economy and financial markets that impinge upon financial stability. Amongst other things, the Sub-Committee also discussed about the proposal of setting up of an Inter Regulatory Technical Group on Fintech (IRTG-Fintech) and the National Strategy on Financial Education (NSFE) 2020-2025.
• It also deliberated upon the status and developments under the Insolvency and Bankruptcy Code (IBC), 2016 and the working of credit rating agencies.
• The Sub Committee unanimously resolved that (a) every participating regulator and ministry will continue to remain alert and watchful of the emerging challenges; (b) interact more frequently, both formally and informally, as also collectively; and (c) do whatever is necessary to revive the economy and preserve financial stability.

CURRENT AFFAIRS: SCIENCE AND TECHNOLOGY

‘Air-Venti’: Mumbai gets app for real-time information on ICU beds, ventilators

• Mumbai announced the launch of the ‘Air-Venti’ app that will tell citizens how many intensive care unit (ICU) beds and ventilators are available in hospitals across the city.
• It will also help people during emergency situation.
• The application will be connected to the dashboard of Mumbai’s disaster control room and can also be accessed through the Brihanmumbai Municipal Corporation app.

Bose-Einstein Quantum “Fifth State Of Matter” Seen For 1st Time In Space

• Scientists have observed the fifth state of matter in space for the first time, offering unprecedented insight that could help solve some of the quantum universe’s most intractable conundrums, research.
• Bose-Einstein condensates (BECs) — the existence of which was predicted by Albert Einstein and Indian mathematician Satyendra Nath Bose almost a century ago — are formed when atoms of certain elements are cooled to near absolute zero (0 Kelvin, minus 273.15 Celsius).
• At this point, the atoms become a single entity with quantum properties, wherein each particle also functions as a wave of matter.
• BECs straddle the line between the macroscopic world governed by forces such as gravity and the microscopic plane, ruled by quantum mechanics.
• Scientists believe BECs contain vital clues to mysterious phenomena such as dark energy — the unknown energy thought to be behind the Universe’s accelerating expansion.
• But BECs are extremely fragile. The slightest interaction with the external world is enough to warm them past their condensation threshold.
• This makes them nearly impossible for scientists to study on Earth, where gravity interferes with the magnetic fields required to hold them in place for observation.
• A team of NASA scientists unveiled the first results from BEC experiments aboard the International Space Station, where particles can be manipulated free from Earthly constraints.
• The research published in the journal Nature documents several startling differences in the properties of BECs created on Earth and those aboard the ISS.
• For one thing, BECs in terrestrial labs typically last a handful of milliseconds before dissipating.
• Microgravity also allowed the atoms to be manipulated by weaker magnetic fields, speeding their cooling and allowing clearer imaging.

About NASA:

• Headquarters– Washington, D.C., United States
• Administrator– Jim Bridenstine

CURRENT AFFAIRS: DEFENCE

Indian Armed Forces to participate in Victory Day Parade in Moscow

• A Tri-Service contingent of the comprising 75 all ranks, led by a colonel rank officer will participate in the Military Parade at Red Square, Moscow on 24 June 2020, to commemorate the 75th Anniversary of Victory of the Soviet People in the great Patriotic War of 1941-1945.
• The British Indian Armed Forces during World War-II were one of the largest Allied Forces contingents which took part in the North and East African Campaign, Western Desert Campaign and the European Theatre against the Axis powers. The Indian Military not only fought on all fronts, but also ensured logistic support along the Southern, Trans-Iranian Lend-Lease route, along which weapons, ammunitions, equipment support and food went to the Soviet Union, Iran and Iraq.
• The valour of the Indian soldiers was recognised with the award of over four thousand decorations, which also included award of 18 Victoria and George Cross. In addition the then Soviet Union appreciated the valour of the Indian Armed forces and by the decree of 23 May 1944, the Presidium of the Supreme Soviet of the USSR signed by Mikhail Kalinin and Alexander Gorkin awarded the prestigious Orders of the Red Star to Subedar Narayan Rao Nikkam and Havildar Gajendra Singh Chand of Royal Indian Army Service Corps.
• The marching contingent taking part in the Victory Day Parade is led by a major rank officer of the gallant SIKH LIGHT INFANTRY The Regiment had fought with valour in the World War-II and has proud distinction of earning four Battle Honours and two Military Cross amongst other gallantry awards.

CURRENT AFFAIRS: SPORTS

Napoli beat Juventus on penalties to win sixth Italian Cup

• Napoli beat Juventus on penalties to lift the Italian Cup for the sixth time in an empty Stadio Olimpico in Rome.
• It is the first trophy for the southerners since 2014, and also a maiden coaching trophy for Gennaro Gattuso, who replaced Carlo Ancelotti in December, and claimed a crown he won as a player with AC Milan.

CURRENT AFFAIRS: OBITUARY

Vera Lynn, singer and British forces’ ‘sweetheart, passes away

• British singer Vera Lynn, whose sentimental ballads during World War II provided the soundtrack for the Allied war effort, has passed away at the age of 103.
• Lynn’s two most famous songs, “We’ll Meet Again,” released in 1939 at the start of the war and “The White Cliffs of Dover,” recorded in 1942, created a patriotic image of a courageous and phlegmatic Britain that resonates with people in the UK even today. She was also the first English singer to make it to number one in the American music charts.

Veteran economist, ex-IAS officer BPR Vithal Baru passes away at 93 in Hyderabad

• Noted economist and retired IAS officer BPR Vithal Baru died due to age-related problems. He was 93.
• He was secretary of Finance and Planning in erstwhile integrated state of Andhra Pradesh from 1972 to 1982. He was also deputy chairman of the State Planning Board and member of the Tenth Finance Commission. He was also chairman, Expenditure Commission, Government of Kerala.
• He also had a brief stint at the International Monetary Fund as the Fiscal Advisor to the governments of Sudan and Malawi. He established the Centre for Economic and Social Studies (CESS), Hyderabad.

DAILY CA 18^th JUNE

• International Picnic Day- 18^th june
• Autistic Pride Day- 18^th june
• PM Modi to launch ‘Garib Kalyan Rojgar Abhiyaan’ to boost livelihood opportunities in rural India
• India elected as non-permanent member of UN Security Council for a two-year term
• India pledges to build sanitation facility at Nepal’s Pashupatinath Temple
• Sebi panel suggests measures to strengthen enforcement, recovery mechanism
• Tamil Nadu govt’s launches new portal to assist job seekers in post Covid-19 scenario
• Turkey’s Volkan Bozkir elected president of 75th UN General Assembly
• Developing Asia to ‘barely grow’ in 2020; India’s GDP to contract by 4 per cent this fiscal: ADB
• Bharti Airtel acquires strategic stake in edtech startup Lattu Media
• Jio may capture nearly half the Indian telecom market by FY25: Bernstein
• TCS, IBM tie up to drive digital and cognitive enterprise transformations
• Infosys joins Amazon’s The Climate Pledge to be net zero carbon
• J&K administration wins 3 awards for development of Panchayats
• Kazuo Ishiguro to come out with new novel ‘Klara and the Sun’ in March
• Indian Railways installs automated ticket checking machine at Nagpur station
• IIT Hyderabad researcher develops AI-based low-cost testing kit
• NASA Scientists Discover Remarkable Cosmic Baby—a 240-year-old Neutron Star
• Bayern Munich wins 8th straight Bundesliga title
• Former India Football Captain IM Vijayan Recommended For Padma Shri
• Asian Youth Para Games to be held in Bahrain in December 2021
• Sports Ministry all set to establish Khelo India State Centres of Excellence
• Former Goa minister Achyut Usgaonkar passes away
• Odisha’s Balasore Sadar MLA Madan Mohan passes away at 62
• Tamil Nadu CM’s private secretary Damodharan passes away due to Covid-19

DAILY CA 19^th JUNE

• Sustainable Gastronomy Day-18^th june
• World Sickle Cell Day-19^th june
• World Sauntering Day- 19^th june
• India will be global manufacturing hub for electric vehicles in five years
• PM Modi launches auction of coal mines for commercial mining
• Health Minister Dr. Harsh Vardhan launches India’s First Mobile I-LAB
• Climate Change Tracker: India’s first ever climate change assessment
• India will be United Nations Security Council President for August 2021
• Karnataka Bank launches COVID-19 health insurance in partnership with Universal Sompo
• ICICI Home Finance launches affordable housing loan scheme SARAL
• Bank of Baroda to completely digitise lending operations
• RBI proposes to increase minimum Net Owned Fund size of HFCs
• Saudi Arabia’s PIF buys 2.32% stake in Jio for Rs 11,367 crore
• Zomato’s new startup to offer mental health online
• BP to set up major new global business services centre in Pune
• Karnataka Observes Mask Day on June 18th
• J-K agri dept to be called Agriculture Production & Farmers Welfare Department
• RBI approves re-appointment of Prakash Chandra as non-exec Chairman of RBL Bank
• Kubatbek Boronov appointed as Prime Minister, government members approved
• 24th Meeting of the FSDC Sub-Committee over Video Conference
• Air-Venti’: Mumbai gets app for real-time information on ICU beds, ventilators
• Bose-Einstein Quantum “Fifth State Of Matter” Seen For 1st Time In Space
• Indian Armed Forces to participate in Victory Day Parade in Moscow
• Napoli beat Juventus on penalties to win sixth Italian Cup
• Vera Lynn, singer and British forces’ ‘sweetheart, passes away
• Veteran economist, ex-IAS officer BPR Vithal Baru passes away at 93 in Hyderabad