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Current Affairs - June 2019

  • 26-Jun-2019
  • RBI's committee recommendations for MSME sector

    A Reserve Bank of India (RBI) committee has suggested a Rs 5,000 crore stressed asset fund for domestic micro, small and medium enterprises (MSMEs) in a relief to small businesses hurt by demonetization, the goods and services tax and an ongoing liquidity crunch.

    The committee to study the problems faced by MSMEs was chaired by U.K. Sinha, former chairman of the Securities and Exchange Board of India.

  • Telangana hosts International Seed Testing Association (ISTA) congress

    The International Seed Testing Association (ISTA) is to hold its 32nd Congress in Hyderabad beginning June 26.

    Scientists, policy makers and industry representatives from the UK, South Africa, Argentina, New Zealand, Canada and Austria are expected to take part in the conference.

    The Ministry of Agriculture and Farmers’ Welfare and the Telangana government are jointly hosting the eight-day conference, which will be attended by stakeholders from across the globe.

  • Beekeeping Development Committee Report

    The Economic Advisory Council to the Prime Minister set up a Beekeeping Development Committee under the Chairmanship of Bibek Debroy to identify ways of advancing beekeeping in India. 

  • 25-Jun-2019
  • Japan gifts Manipur a peace museum

    Japan on Saturday gifted Manipur a museum of peace built on the memories of one of the fiercest battles of the Second World War.

    The inauguration of the Imphal Peace Museum at Red Hill, about 20 km southwest of Manipur’s capital Imphal, marked the 75th anniversary of the Battle of Imphal.

    Some 70,000 Japanese soldiers, alongside those of Subhash Chandra Bose’s Indian National Army, died in battles with the British-led Allied forces in areas around Imphal and Kohima from March to June 1944. The last of these battles was fought at Red Hill, where the Japanese War Memorial was built in 1944 to mark the 50th anniversary of the battle.

  • Self Defence Training for Girls in Schools

    Samagra Shiksha, an Integrated Scheme for School Education has been launched by Department of School Education and Literacy, Ministry of Human Resource Development.

    Self Defence training will be imparted to girls of class VI to XII belonging to Government Schools to ensure their safety and security.

  • RBI launches Complaint Management System

    Reserve Bank of India (RBI) on June 24, launched Complaint Management System (CMS), which is a software application to facilitate RBI’s grievance redressal processes. In case of any complaints against any of the entities regulated by RBI, members of public can directly go to this CMS portal. With the ease of convenience, customers can file on-line complaints easily.

  • RBI advises commercial banks to adopt Education Loan Scheme

    Reserve Bank of India advised all Scheduled Commercial Banks to adopt Education Loan Scheme.

    The schemes are formulated by the Indian Banks Association.

    The salient features are  Collateral free loans up to Rs 7.5 Lakh under the Credit Guarantee Fund Scheme for Education Loans (CGFSEL).

  • NTPC, PGCIL ink MoU to enter national electricity distribution business

    NTPC, India’s largest energy conglomerate, and PGCIL, India’s biggest electricity transmission utility, have signed an agreement for setting up National Electricity Distribution Company Ltd (NEDCL) through a joint venture company on 50:50 equity basis.

    The main aim of the initiative undertaken by the state-owned behemoths is to enter electricity distribution business on a pan-India basis. The development comes at a time when cumulative financial losses of state-owned power distribution companies grew 44% to Rs 21,658 crore in FY19, reversing the declining trend since the UDAY scheme was launched in November 2015.

  • World Bank approves $147 Million Loan to the Government of Jharkhand

    The World Bank approved a $147 million loan agreement to provide basic urban services to the people of Jharkhand.

    Their aim is to improve the management capacity of the urban local bodies (ULBs) in the state. 

    They focus on improving the municipal sector's capacity to provide basic urban services.

    They invest in urban services such as water supply, sewerage, drainage, and urban roads.

    Their main aim is to strengthen the capacity of the Jharkhand Urban Infrastructure Development Company (JUIDCO).

  • Award for Malayalam film at 22nd Shanghai International Film Festival

    Veyil Marangal (Trees Under the Sun), directed by Bijukumar Damodaran, won the award for ‘Outstanding Artistic Achievement’ at the 22nd Shanghai International Film Festival, becoming the first Indian film to win a major award at the festival. The film was one among the 3,964 entries submitted from 112 countries in the prestigious Golden Goblet Award competition.

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