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Weekly Current Affairs Of June 4th week 2020



Weekly Current Affairs Of June 4th week 2020



We  bring you the complete and important daily Current Affairs  and Daily Quiz to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We prepare it based on our daily current affairs.Hope you like it.Current Affairs of March 2020 with Latest Current affairs March 2020 PDF for preparation of Bank Exam – PO & clerk, SSC, Railways & Insurance. Our Current Affairs of may 2020 PDF covers various sections like National March Current Affairs 2020, business & economy, Indian and International affairs 2020, defense, environment current affairs, persons and many for competitive exams preparing aspirants.



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Weekly Current Affairs Of June 4th week 2020


NATIONAL AFFAIRS

Culture Ministry celebrating “Sankalp Parva” to plant trees from 28th June to 12 July 2020

To enhance the Herbal Wealth of India and to support the clean and healthy environment, Union Ministry of Culture is celebrating two week long Sankalp Parva from 28th June to 12 July 2020

1st Agreement for the 600 MW Kholongchhu Indo-Bhutan joint venture hydroelectric project Signed



The Bhutan government and the Kholongchhu Hydro Energy Limited signed the Concession Agreement for 600 MegaWatt (MW) Kholongchhu hydroelectric Project (Joint Venture of India and Bhutan) in Thimphu, in virtual presence of Dr. S Jaishankar,Minister of External Affairs and his Bhutanese Counterpart Dr. Tandi Dorji. 

About Bhutan:-
Capital: Thimphu
Prime Minister: Lotay Tshering

Centre Sanctions Additional Rs 1,691 crore For Road Construction in J&K, Uttarakhand






 In a major development, the central Government has sanctioned an additional Rs 1,691 crore for the construction of highways by the Border Roads Organization (BRO) in Jammu and Kashmir (J&K) and Uttarakhand during 2020-21 in the wake of clashes with China in Ladakh.

About Border Roads Organisation (BRO):
Headquarter– New Delhi
Director General- Lt. Gen.Harpal Singh

Uttarakhand Develops India’s First Lichen Park to Conserve Jurassic Era Plant in Munsiyar



About Uttarakhand:
Chief Minister– Trivendra Singh Rawat
Governor– Baby Rani Maurya
Capital– Dehradun

Union HRD Minister Shri Ramesh Pokhriyal ‘Nishank’ virtually participated in G20 Extraordinary Virtual Education Ministers’ Meeting



Union HRD (Human Resource Development) Minister Ramesh Pokhriyal ‘Nishank’ participated in group of 20 (G20) Extraordinary Virtual Education Ministers’ Meeting which was focused on the effects of the COVID 19 pandemic on the education sector

MoS of Defence Shri Shripad Naik Inaugurates Two-day Defence Conclave 2020 in Gujarat

Minister of State (MoS) of Defence Shri Shripad Naik inaugurated the two days ‘Defence Conclave 2020’ in Gujarat through video conferencing. The conclave was jointly organised by Confederation of Indian Industry(CII), Gujarat and Society of Indian Defence Manufacturers(SIDM).

About Gujarat:
Capital: Gandhinagar
Chief Minister: Vijay Rupani
Governor: Acharya Devvrat

Government Introduced New Floating Rate Savings Bonds, 2020 (Taxable) Scheme w.e.f July 1, 2020



On June 26, 2020, the Government has notified the new Floating Rate Savings Bonds, 2020 (Taxable) Scheme in place of 7.75% Savings (Taxable) Bonds, 2018, with effect from July 1, 2020.

About Reserve Bank of India (RBI):
Headquarters– Mumbai, Maharashtra
Formation– 1 April 1935
Governor– Shaktikanta Das
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, one is yet to be appointed).

Nasha Mukt Bharat: Annual Action Plan (2020-21) for 272 Most Affected Districts E-Launched by Rattan Lal Kataria

Shri Mandaviya Inaugurates India’s 1st ever Virtual ‘Healthcare & Hygiene EXPO 2020’ organised by FICCI

Prime Minister Inaugurates ‘Aatma Nirbhar Uttar Pradesh Rojgar Abhiyan’

This is the largest employment generating program in the country which provided employment to about 1.25 crore people in Uttar Pradesh.



NITI Aayog Launched Behaviour Change Campaign, ‘Navigating the New Normal’,and Website


In order to aware people about the norms to contain the spread of Covid-19 in “Unlock” phase, NITI (National Institution for Transforming India) Aayog in partnership with Bill and Melinda Gates Foundation (BMGF), Centre for Social and Behavioural Change (CSBC) of Ashoka University, Ministry of Health and Family Welfare (MoHFW), and Ministry of Women and Child Development (WCD) launched the behaviour change campaign ‘Navigating the New Normal’ and its website.

The campaign has been formulated under the guidance of Empowered Group 6, chaired by NITI Aayog Chief Executive Officer (CEO) Amitabh Kant.

Union Government Granted Rs 500 cr Emergency Funds to Armed Forces for War Preparedness



About Indian Army:
Commander-in-Chief– President Ram Nath Kovind
Chief of the Army Staff (CoAS)– General Manoj Mukund Naravane
Headquarters– New Delhi


Karnataka Becomes the First State to Amend Industries (Facilitation) Act for Small, Medium and Large-scale Industries



The Karnataka Government amended the “ The Karnataka Industries(Facilitation) act, 2002”, in the state cabinet meeting chaired by Chief Minister of Karnataka BS Yediyurappa, to facilitate and attract investment in the state.

Harsh Vardhan released Annual TB Report 2020 prepared by Central TB Division; 14% rise in TB patients in 2019 


Ministry of Health and Family Welfare’s (MoHFW) Union Health Minister Dr Harsh Vardhan and its Minister of State (MoS), Ashwini Kumar Choubey launched the Annual “India TB (Tuberculosis) Report 2020” through a virtual event which is released by Central TB Division (CTD), MoHFW .

NITI Aayog & ITF Launch Decarbonizing Transport Project in India



The NITI (National Institution for Transforming India) Aayog and the International Transport Forum(ITF) of Organisation for Economic Co-operation and Development(OECD) launched the ‘Decarbonizing Transport in Engineering Economies’ (DTEE) project in India. 



Jitendra Singh e-Inaugurates ”Puneja Bridge” & “Devika Bridge” in J&K

Union Minister of State(MoS) (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space Jitendra Singh inaugurated Jammu and Kashmir’s  ”Puneja Bridge” in Doda district  and “Devika Bridge” in Udhampur district over a virtual platform.

The bridges were built by the Border Roads Organisation (BRO). 

MSDE & IBM Joins Hands to Launch SkillsBuild Reignite and SkillsBuild Innovation Camp



About Ministry of Skill Development and Entrepreneurship:
Headquarters– New Delhi
Cabinet Minister- Mahendra Nath Pandey


Virtual conference of the Russia-India-China trilateral hosted by Moscow, Russia






From Indian side, External Affairs Minister Subrahmanyam Jaishankar participated in the meet. 

About Russia:
Capital– Moscow
Currency– Russian Rouble
President– Vladimir Vladimirovich Putin

MSMEs Launches Funding Scheme “Distressed Assets Fund–Sub-ordinate Debt for MSMEs” to Help the Distressed MSME Sector

Nitin Gadkari(Minister of Micro Small and Medium Enterprises) launched the Credit Guarantee Scheme for Sub-ordinate debt(CGSSD) which is also called the “Distressed Assets Fund–Sub-ordinate Debt for MSMEs” to provide Rs 20000 crore guarantee cover to two lakh MSMEs. 

About MSME:
Minister of MSME: Nitin Gadkari
Minister of State (Independent Charge): Giriraj Singh



India Retains its Position as 3rd-largest Economy on PPP basis for 2017; China Tops: World Bank Data


India has followed China (16.4%) and the United States-US (16.3%) which ranked 1st and 2nd respectively.

1st Online Edition of Cannes Film Market 2020 Launched; Virtual India Pavilion Inaugurated by Union Minister Prakash Javadekar 

The two films sent for the prestigious CANNES festival’s Marche’ du Film section from India are Ananth Narayan Mahadevan’s MaiGhat: Crime No 103/200 (Marathi) and Abhishek Shah’s Hellaro (Gujarati). Both are National Film Award winning movies that are being screened in the Market. 

Centre to allocate Rs 3,000 crore from PM CARES for ventilator supply & migrants welfare

The Central Government is all set to allocate Rs 3,000 crore from the PM CARES Fund for supply of ventilators and for the welfare of migrant labourers.


FPI Minister Harsimrat Kaur Launches Food Processing Edition of Exclusive Investment Forum Hosted by Invest India


The Union Minister of Food Processing Industries (FPI)  Harsimrat Kaur Badal has launched the Inaugural Session of Food Processing Sector Edition of the Exclusive Investment Forum hosted by Invest India.

About Ministry of Food Processing Industries (FPI):
Headquarters– New Delhi
Minister of State (MoS)- Rameswar Teli




Central Govt Approved Rs. 412.19 Crore for Implementation of Jal Jeevan Mission (JJM) in Telangana


On the lines of the announcement made by the Prime Minister Narendra Modi in 2019 regarding Jal Jeevan Mission (JJM) which aims to provide “Functional Household Tap Connection” (FHTC) to 18 Crore rural households of the country by the year 2024.


Ministry of Sports to Establish 1000 District Level Khelo India Centres to Engage Former Champions in training




The Ministry of Sports, government of India has decided to establish around 1000 district level Khelo India centers all over the nation to engage the former champions and to ensure a source of income for them in the sports.

PM Modi launched Rs 50,000 cr Garib Kalyan Rojgar Abhiyaan to boost employment and livelihood for migrant workers

An employment -cum- rural public works Campaign for 67 lakh migrant workers titled “Garib Kalyan Rojgar Abhiyaan (GKRA)” has been launched for 6 states viz. Bihar, Uttar Pradesh (UP), Madhya Pradesh (MP), Rajasthan, Jharkhand and Odisha, by Prime Minister Narendra Modi on the lines of the announcement made in Rs 20 Lakh crore Aatma Nirbhar Bharat Abhiyan. 



Centre sanctions Rs 190 cr for augmentation of healthcare facilities in North Eastern States


Union Minister of State (MoS) of Development of North Eastern Region (DoNER) Dr Jitendra Singh has sanctioned Rs 190 crore for augmentation of healthcare facility in the eight North Eastern (NE) States viz. of Assam, Arunachal Pradesh, Meghalaya, ManipurSikkim, Mizoram, Nagaland, and Tripura for developing infrastructure for management of infectious diseases.



CIL Joined Hands with NITI Aayog’s AIM to Boost Innovation Ecosystem in India

Coal India Limited (CIL),an Indian state-owned coal mining and refinery company, has entered into the partnership with NITI (National Institution for Transforming India) Aayog’s flagship initiative Atal Innovation Mission (AIM), to actively support the latter’s key innovation and entrepreneurship initiatives across India.

About Coal India Limited (CIL):
Headquarters– Kolkata, West Bengal
Chairman & MD– Pramod Agarwal
About NITI Aayog:
Headquarters– New Delhi.
Chairperson– Narendra Modi.
Chief Executive Officer(CEO)- Amitabh Kant.
Vice Chairperson– Rajiv Kumar.



First installment of Rs.15187.50 cr 15th Finance Commission Grants to Rural Local Bodies (RLBs) released


The Fifteenth Finance Commission (XV FC) has submitted its interim report for the period FY 2020-21 and the Government of India has accepted its recommendations in respect of the Rural Local Bodies (RLBs). The commission has recommended the grant of Rs.60,750 cr for the period FY 2020-21 for RLBs which is the highest ever allocation made by the Finance Commission in any single year.



IIT-Delhi, UN-WFP to offer research-based solution to storage, supply of food grains



The United Nations World Food Programme (WFP) India and Indian Institute of Technology (IIT) Delhi have joined hands to support state and national governments in achieving the food and nutrition security.

MoHUA Signs MoU to Engage SIDBI as Implementation Agency for PM SVANidhi

Ministry of Housing & Urban Affairs (MoHUA) has inked Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) to make latter as the implementation Agency for Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) – a Special Micro-Credit Facility for Street Vendors. 

About SIDBI:
Headquarter– Lucknow, Uttar Pradesh (UP)
Chairman & Managing Director (CMD)– Mohammad Mustafa

Odisha’s Raja Parba – Celebration of Menstruation and Womanhood



Raja Praba of Odisha is a three-day festival during the mid-June (preferably starts from 14th June and ends on 16th June) marking the beginning of monsoon. 
About Odisha:
Chief Minister– Naveen Patnaik
Governor– Prof. Ganeshi Lal 
Capital– Bhubaneswar


Niti Aayog Forms Panel Led by Amitabh Kant to Develop Job Platform For Migrant Labours



NITI (National Institution for Transforming India) Aayog has formed a high-powered committee of top executives of technology companies like Google, Microsoft and Tech Mahindra under the leadership of its CEO (Chief Executive Officer)Amitabh Kant to develop a job platform that will help migrant labours & blue-collar workers, who have lost their jobs during the lockdown, to find better employment opportunities in their language and around their place.

About NITI (National Institution for Transforming India) Aayog:
Headquarters– New Delhi.
Chairperson– Narendra Modi.
Chief Executive Officer(CEO)- Amitabh Kant.
Vice Chairperson– Rajiv Kumar. 




INTERNATIONAL AFFAIRS

India named in Switzerland’s top-3 partners for info exchange on tax matters: OECD’s Global Forum study 


In accordance with the latest study by OECD’s (Organisation for Economic Cooperation and Development) Global Forum on transparency and exchange of information for tax purposes, referring to the period from July 2015 to June 2018, India named among the top-three countries as EOI (Exchange of Information) partners along with France and Germany

NASA Renames Washington HQ after Mary Jackson, first black Engineer at NASA 



The headquarter building of National Aeronautics and Space Administration (NASA) located at Washington D.C., has been renamed after Mary Winston Jackson (1921-2005), the first black female engineer at NASA. Administrator Jim Bridestone made the announcement on 24th June.

36th ASEAN Summit chaired by Vietnam held via video conference; 1st session on Women Empowerment in the Digital Age held



The 36th Association of Southeast Asian Nations (ASEAN) Summit was held via video conference on the theme “Cohesive and Responsive ASEAN”

At 26th position, Bengaluru Becomes India’s Only City in Top 30 Global Startup Ecosystems Ranking 2020 Released by Startup Genome


According to the report, ‘Global Startup Ecosystem Report (GSER) 2020; the New Normal for the Global Startup Economy and the Impact of COVID-19’ released by Startup GenomeBangalore has become the only city in the country to be included in the world’s top-30 startup ecosystem ranking & placed 26th position. At the same time, the nation’s capital Delhi has been ranked 36th in the list.


THE Young University Ranking 2020 with 2 Indian Institutes in top 100



 The Times Higher Education(THE) released THE Young University Rankings 2020 for the universities which are 50 years old or younger. 
Two Indian Institutes secured their ranks in the top 100 with IIT Ropar, the best 12year old  institutes of India at 62nd rank and IIT Indore at 64th rank.

“Vivekananda Yoga University” World’s First Yoga University Outside India launched in Los Angeles


As a part of International Yoga day, on 23rd June 2020,The “Vivekananda Yoga University”(VaYU) World’s First Yoga University outside India was launched in Los Angeles, United States of America.



India Ranks 77th in Terms of Money Deposited in Swiss Banks, UK tops: SNB Statistics 2019






According to the ‘Annual banking statistics, 2019’ released by Switzerland’s central bank Swiss National Bank (SNB), India is at the 77th position in terms of money parked by its citizens and enterprises with Swiss banks at the end of the year 2019,compared to 74th  the previous year (i.e 2018). Indians account for only 0.06 % of the money deposited by foreigners in Swiss banks.
While, Britain holds the first place in this list with a share of 27 % of the total deposits.

About Swiss National Bank (SNB):
Headquarters– Zurich, Switzerland
Chairman– Thomas Jordan

India Committed USD 10 mn to UNRWA Over Next 2 Years During Extraordinary Virtual Ministerial Pledging Conference 


During an Extraordinary Virtual Ministerial Pledging Conference for United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), India has announced a contributing United States (US) $10 million towards UNRWA over the coming two years.



China to join the United Nations Arms Trade Treaty to regulate its arms sales





China announced that it has decided to join the United Nations Arms Trade Treaty (UN-ATT) to regulate its arms sales. The decision was made during a three-day meeting which was held from 18-20 June of the top lawmaking committee in China- Legislative Affairs Committee.

Covid-19 to Push 120 Million Children into Poverty in South Asian Region : UNICEF Report



The United Nations Children’s Fund (UNICEF) released its first report focusing on the South Asian region on the impacts of COVID-19 on children states that around 240 million children are classified as poor and the current COVID-19 situation will affect an additional 120 million children, a total of 360 million children will be pushed into poverty and food insecurity in the next 6 months.

About UNICEF:
Executive Director– Henrietta Fore
Headquarters– New York, United States of America
About UN:
Secretary General– António Guterres
Headquarters– New York, United States of America


India Became 12th Largest Holder of US govt Securities with Holdings of $157.4 bn in April end 2020; Japan tops




In accordance with the data from the United States (US) Treasury Department, India became the 12th largest holder of US government securities at the end of April, 2020 with holdings of worth $157.4 billion, which has increased marginally by $0.9 billion in comparison to March month’s $156.5 billion.

Indian Officials Attend 32nd Virtual EAG Plenary Meeting 2020 Led by FATF



Indian officials, including representatives from enforcement agencies, have participated in the 32nd special Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) plenary meeting 2020, under the aegis of the Financial Action Task Force (FATF).

About FATF:
Headquarters– Paris, France
Membership– 39
President– Xiangmin Liu


France commits 200 Million Euros to Support India’s Covid Response



France and India signed a credit financing agreement promising 200 million euros (Rs. 1709 crore) to support the social welfare system and India’s covid response. 

Nearly 1% of world’s population, “79.5 mn” forcibly displaced globally at the end of 2019: UNHCR



In accordance with the annual report on displacement titled “Global Trends- Forced Displacement in 2019″ released by UN refugee agency- United Nations High Commissioner for Refugees (UNHCR)

1 bn children experience violence annually as countries fail to protect them: UN Report 



In accordance with the “Global Status Report on Preventing Violence Against Children 2020”, a first of its kind report by United Nations (UN), upto 1 billion children are affected by physical, sexual or psychological violence due to the inability of the countries to protect them

The report has been launched by the World Health Organisation (WHO), the UNICEF (United Nations Children’s Fund), the United Nations Educational, Scientific and Cultural Organization (UNESCO), the UN Special Representative of the Secretary-General on Violence against Children and the End Violence Against Children. 


BANKING & FINANCE

World Bank Approves $500 mn Under ‘STARS’ Project to Improve Education Quality in 6 Indian States



The board of executives of the World Bank (WB) has approved loan of $ 500 million (about Rs 3,700 crore) under ‘Strengthening Teaching-Learning and Results for States Program (STARS)’project to improve the quality and governance of school education across six states (Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, Odisha, and Rajasthan) in India.

About World Bank:
Headquarters– Washington D.C., United States (US).
Motto– Working for a World Free of Poverty.
President– David Malpass.

World Bank Enhances the financial Support for Ganga rejuvenation with $400 million through SNGRBP 





The World bank enhanced the support to India’s programme to rejuvenate the Ganga with $400 million through Second National Ganga River Basin Project (SNGRBP), for the development of infrastructure projects Under the National Ganga River Basin Project.

Reserve Bank Extends Enhanced Borrowing Limit to Banks Under MSF Till Sept 30, 2020





In exercise of power conferred under the Section 24 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has decided to extend the enhanced borrowing facility provided to banks under MSF till September 30, 2020 to meet the liquidity shortage in the midst of the economic crisis caused by the coronavirus (COVID-19) epidemic.

PhonePe Partnered with ICICI Bank on UPI multi-bank model



Flipkart-owned PhonePe announced that  it has partnered with ICICI Bank on the Unified Payments Interface(UPI) multi-bank model.

SIDBI Set Up ‘Swavalamban Crisis Responsive Fund’ to Facilitate Free Onboarding of MSMEs on TReDS platform





About SIDBI:
Headquarters– Lucknow, Uttar Pradesh
Chairman & Managing Director– Mohammad Mustafa


SOLV partnered with Standard Chartered Bank to Launch Credit Card for MSMEs




SOLV, a B2B (business to business) digital platform for Micro, Small and Medium Enterprises (MSMEs), has launched a tailor-made credit card in partnership with Standard Chartered Bank, India. 

World Bank Grants $500 Million to Bangladesh For Cross Country Road Projects




World Bank (WB) has sanctioned $ 500 million for “Western Economic Corridor and Regional Enhancement (WeCARE) Phase I project” to improve road connectivity in Bangladesh’s Jashore-Jhenaidah corridor, which consists of four western districts to connect with the capital Dhaka as well as with India and Bhutan.
About World Bank:
Headquarters– Washington, D.C., United States
President– David Malpass

India’s PCI to decline by 5.4% during 2020-21 to Rs 1.43 lakh: SBI report


Delhi, Chandigarh, and Gujarat will be the worst hit with PCI falling 15.4%, 13.9% and 11.6% respectively in FY21 among states.

Yes Bank Launches Digital Wallet Solution ‘Yuva Pay’ in Partnership with UDMA Technologies to Enable Contactless Payments




Yes Bank launches a digital wallet solution(app)‘Yuva Pay’ in partnership with UDMA Technologies Pvt Ltd to enable contactless payments for its customers. 

About Yes Bank:
Headquarters– Mumbai, Maharashtra
Managing Director(MD) & CEO– Prashant Kumar



Lt Governor G C Murmu Launches Two Customized Loan Schemes of J&K Bank For Business Communities






2 customized loan schemes of J&K Bank namely ‘J&K Bank Business Support Loan Scheme 2019-20’ and ‘J&K Bank Business Support Loan Scheme 2019-20 for Hotels and Guest Houses’ with the aim to overcome business challenges that have stemmed up due to the prevailing conditions.

About Jammu & Kashmir Bank:
Headquarters– Srinagar, Jammu and Kashmir
Chairman and Managing Director (CMD)- R K Chhibber

World’s First Gold-backed US Digital Gold Currency Launched in India, GCC, Middle East and Africa by IBMC


IBMC Financial Professionals Group in partnership with US Gold Currency Inc and Blockfills introduced the world’s first monetary gold-backed US Gold digital currency in India, Gulf Cooperation Council (GCC), Middle East and Africa. It was launched from Dubai, United Arab Emirates (UAE) at a specially designed IBMC Hybrid Event in the virtual presence of officials from the US Gold Currency, Asia-Africa Development Council, GSEF and Blockfills USA.

Karnataka Bank launches ‘KBL Micro Mitra’ for MSMEs



Karnataka Bank launched a new product ‘KBL Micro Mitra’ for Micro, Small and Medium Enterprises(MSMEs). This product will provide financial assistance up to Rs 10 lakhs to the Micro manufacturing and service enterprises for working capital or for investment purposes.



RBI Extends Rs 50,000 Crores Special Liquidity Window for YES Bank by 3 months




The Reserve Bank of India(RBI) extended a special liquidity window for Rs 50,000 crores to Yes Bank for three months, to help private lenders cover for shortfall in deposits.

Yes Bank:
MD and CEO– Prashant Kumar
Headquarters- Mumbai, Maharashtra
Tagline– Experience Our Expertise

Yes Bank & Affordplan Jointly Launches Co-Branded Healthcare Card Called ‘Swasth Card’


Yes Bank Limited has joined hands with Delhi-based fintech startup Affordplan, to launch a first of its kind co-branded healthcare card called ‘Swasth Card’ under Swasth program with the aim to enable families plan and manage their finances for their healthcare needs.




UCO Bank Ties Up with 4 Insurers to Offer Various Insurance Products




United Commercial Bank(UCO Bank) partnered with four insurers namely,  State Bank of India(SBI) Life Insurance Company, the Oriental Insurance Company and Religare Health Insurance Company, Star Health and Allied Insurance Company.

RBI doubles withdrawal limit to Rs 1 lakh for PMC Bank depositors; 4 other banks withdrawal limit increased

The RBI also raised the withdrawal limit of four other banks on whom curbs had earlier been put in place, namely Kerala Mercantile Co-operative Bank Limited, Kozhikode, Kerala, Hindu Cooperative Bank Limited, Pathankot, Punjab, Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka, and Youth Development Cooperative Bank Limited, Kolhapur, Maharashtra.

About Reserve Bank of India (RBI):
Headquarters– Mumbai, Maharashtra
Formation– 1 April 1935
Governor– Shaktikanta Das
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, one is yet to be appointed).

EXIM Bank Extends Line of Credit of USD 20.10 Million to Nicaragua Govt



Export-Import(EXIM) Bank on behalf of the Indian Government, extended a Line of Credit(LOC) of USD 20.10 million to the Government of the Republic of Nicaragua for the reconstruction of Aldo Chavarria Hospital.

About EXIM Bank:
Headquarters– Mumbai, Maharashtra
Managing Director(MD) and Chief Executive Officer(CEO)– David Rasquinha

Hyundai Motor India Ltd Partners with HDFC Bank offers 1st Online Auto Retail Financing : ‘Click to Buy’ Platform


Hyundai Motor India Limited(HMIL) partnered with HDFC Bank to offer industry 1st online auto retail financing on its end-to-end online automotive retail platform, ‘Click to Buy’ to the customers.


ECONOMY & BUSINESS

Indian Economy will Shrink by 4.5% in 2020, Global Economy will Come Down by 4.9%: IMF


The International Monetary Fund (IMF) in the June 2020 update “A Crisis Like No Other, An Uncertain Recovery” of its flagship World Economic Outlook (WEO), has predicted that the Indian economy will have a big 4.5 % contraction in 2020 and it will come down to a historic low.
This historical decline will be the lowest level since 1961 due to the Coronavirus, its prevention measures and slowdown of economic activity.

About International Monetary Fund (IMF):
Founded– 27 December 1945.
Headquarters– Washington, D.C., United States(US).
Managing Director (MD)- Kristalina Georgieva
Chief Economist– Gita Gopinath.


Republic of Mali Grant the Project Management Consultancy Contract of 500 MW Solar Park to NTPC 



About Republic of Mali:
Capital– Bamako
President– Ibrahim Boubacar Keïta
Prime Minister– Boubou Cisse
Currency– CFA (Communaute Financiere Africaine) franc

India’s GDP to Fall 3.1% in 2020; Geo-Political Tensions Will Increase Risk: Moody’s Global Macro Outlook report 2020



About Moody’s:
Headquarters– NewYork, United States
President & Chief Executive Officer(CEO)– Raymond W. McDaniel, Jr.

RIL Becomes India’s 1st Firm to Hit Rs 11 Tn Market Cap on June 11, 2020 after Valuing at Rs 11.15 tn; Mukesh Ambani became world’s 9th richest



Reliance Industries Ltd (RIL) became the first Indian company to reach a market capitalisation of Rs 11 trillion, as the company was valued at Rs 11.15 trillion. With this, RIL accounts for nearly 9% of the country’s total m-cap of Rs 138 trillion. Its stock on Bombay stock exchange (BSE) was record high at Rs 1,738.95. Notably the company’s share doubled since mid-March 2020.  

About RIL:
Founder Chairman– Dhirubhai Ambani
Chairman & Managing Director (CMD)- Mukesh Dhirubhai  Ambani
Headquarter– Mumbai, Maharashtra



APPOINTMENTS & RESIGNATIONS   

Micheál Martin Elected as the New Prime Minister of Ireland; Succeeds Leo Varadkar




About Ireland:
Capital– Dublin 
President– Michael D. Higgins
Prime Minister(Taoiseach)– Micheál Martin
Currency– Euro

Lazarus Chakwera Sworn in as Malawi’s New President





Lazarus Chakwera, won Malawi’s President Elections and sworn in as the 6th President of Malawi on 28 June. He succeeded Peter Mutharika of Democratic Progressive Party by winning 58.57% of total votes.

About Malawi:
Capital: Lilongwe
Currency: Malawian Kwacha

Anandiben Patel, Governor of UP is given additional charges as Governor of  Madhya Pradesh





i.She was the first woman Chief Minister of Gujarat.
ii.She was the Governor of Chhattisgarh from 2018 to 2019.
About Uttar Pradesh:
Governor– Anandiben Mafatbhai Patel
Chief Minister– Yogi Adityanath
Capital– Lucknow
About Madhya Pradesh:
Chief Minister– Shivraj Singh Chauhan
Capital– Bhopal


Aleksandar Vucic, President of Serbia Declares the Victory of the Ruling Party in the Parliament Election 





Aleksandar Vucic, President of Serbia has declared the victory of the Serbian Progressive Party (Srpska napredna stranka – SNS) with more than 63% vote in the Parliamentary election held on 28th June 2020 which was boycotted by most of the opposition parties .

IRDAI Forms 9-Member Working Group Headed by Anjan Dey to Look Into Drone InsuranceAbout the Insurance Regulatory and Development Authority of India (IRDAI):






Headquarters– Hyderabad, Telangana
Chairman– Dr. Subhash Chandra Khuntia

NGT Forms Committee Headed by Justice BP Katakey to investigate Assam Gas Leak





The National Green Tribunal (NGT) formed a high level committee headed by Justice BP Katakey, former High Court judge of Gauhati, to investigate the blowout at Assam’s Baghjan oil well of Oil India Limited(OIL).
About OIL:
Chairman & Managing Director– Sushil Chandra Mishra
Head office– Noida, Uttar Pradesh

Priyanka Chopra & Anurag Kashyap Named Among 50 Ambassadors for 45th Edition of TIFF 2020Actor Priyanka Chopra and Filmmaker Anurag Kashyap named among the 50 ambassadors for the 45th edition of Toronto International Film Festival(TIFF) 2020




About TIFF:
Headquarters– Toronto, Canada
Artistic Director & Co-Head– Cameron Bailey


Former England Women Cricket Captain Clare Connor Becomes the 1st Female President of Marylebone Cricket Club in 233 years





Former England Women Cricket Captain Clare Connor(43 year old), an all-rounder, becomes the 1st female president of Marylebone Cricket Club(MCC) in 233 years. Her tenure will begin on October 1, 2021, and will end on September 30, 2022. She will succeed Kumar Sangakkara.

About MCC:
Headquarters– London

Tata’s Natarajan Chandrasekaran Re-nominated as a Part-Time Non-Official Director on RBI Central board










As per  Reserve Bank of India(RBI)’s notification, Chairman of the Board of Tata Sons(since January 2017), Natarajan Chandrasekaran has been re-nominated  as a Part-Time Non-Official Director on RBI Central board for 2 years from 3rd March 2020 or until further orders, whichever is earlier.



IFTAS Appoints T.Tabi Sankar as Chairman and N. Rajendran as CEO




The Indian Financial Technology & Allied Services (IFTAS), wholly owned subsidiary of Reserve Bank of India appoints T Rabi Sankar as the Chairman and Dr. N Rajendran as the Chief Executive Officer(CEO)   

Former RBI Governor Urjit Patel Appointed as the Chairman of NIPFP


The former governor of Reserve Bank of India (RBI) Urjit Patel was appointed as the Chairman of National Institute of Public Finance and Policy (NIPFP). 

ACQUISITIONS & MERGERS   

Adani Power to Acquire US-based AES Corporation’s 49% Equity Stake in Odisha Power Generation Corporation for Rs 1,019 crore




Adani Power Ltd (APL) has signed an agreement to acquire the 49% of stake(a total of 89,30,237 equity shares) in Odisha Power Generation Corporation(OPGC) from the affiliates of the US-based global energy company, AES Corporation(AES) for USD 135 million (around Rs 1,019 crore).

AWARDS & RECOGNITIONS        

Himachal Pradesh panchayati raj department wins 1st prize under e-Panchayat Puraskars 2020 for effective use of e-applications



Himachal Pradesh panchayati raj department wins 1st prize under  e-Panchayat Puraskars 2020.
For effective implementation of e-applications, developed by the central government & other applications developed by the state government. The prize will be given by Union Ministry of Panchayati Raj.

6 District Hospitals of J&K wins Kayakalap Award for their Achievement in Health Sector





 6 Districts hospitals(DH) of the union territory of Jammu & Kashmir won the Kayakalap Award for their achievements in the health sector and secured positions in the best hospital category 2019-2020.

Commonwealth Games Gold Medalist, Weightlifter K. Sanjita Chanu to get Arjuna Award 2018 after IWF clears doping charges




About Commonwealth Games Federation:
Headquarters– London, United Kingdom
President– Dame Louise Martin DBE, Scotland

Gulabbai Sangamnerkar & Madhuvanti Dandekar to get Lifetime Achievement Award: Maharashtra





i.Maharashtra Culture Minister Amit Deshmukh announced that Vithabai Narayangaokar lifetime achievement award 2018-19 will be conferred upon the senior tamasha (folk art) artist, Gulabbai Sangamnerkar.
ii.Sangeetacharya Annasaheb Kirloskar musical theatre lifetime achievement award will be given to Veteran theatre actress-singer Madhuvanti Dandekar.

Nobel Laureate Amartya Sen Wins 2020 Peace Prize of the German Book Trade












Indian economist, philosopher and Nobel Laureate Amartya Kumar Sen (86) has been selected for 2020 Peace Prize by the Board of Trustees of the Peace Prize of the German Book Trade for his decades-long work around issues of global justice.




SCIENCE & TECHNOLOGY

Union Minister Shri Narendra Singh Tomar launches Garib Kalyan Rojgar Abhiyan web portal










Shri Narendra Singh Tomar, Union Minister of Rural Development, Panchayati Raj and Agriculture & Farmers welfare, launched a web portal of the  Garib Kalyan Rojgar Abhiyan(GKRA) through video conferencing from New Delhi.

Indian Navy Inducts Advanced Torpedo Decoy System ‘Maareech’ Indigenously Developed by DRDO labs-NPOL & NSTL





Indian Navy has inducted an Advanced Torpedo Decoy System (ATDS) namely ‘Maareech’ that is capable of being fired from all frontline warships. 

Astronomers of RedDots Team Discovered Super Earths Gliese 887b and Gliese 887c Near Red Dwarf 





In the research of The RedDots team of Astronomers led by the University of Göttingen, Germany detected two super Earths Gliese 887b and Gliese 887c orbiting around the Gliese 887, the brightest red dwarf star in the sky. 

About University of Göttingen:
President- Reinhard Jahn
Location– Germany


Russia is Set to Take First Tourists on Space Walk in 2023





Russia’s Space Corporation RSC Energia(S.P. Korolev RSC Energia) in contract with Space Adventures of US announced that it is set to take its first tourist on space walk in 2023.

Health Ministry & Indian Red Cross Jointly Launches ‘eBloodServices’ App to Order Blood










Union Health Minister Dr. Harsh Vardhan has launched ‘eBloodServices‘ mobile app , under which needy people can demand/order up to 4 units of blood & the blood banks will wait for them for 12 hours.

Bengaluru’s Kempegowda International Airport becomes the 1st airport in India to get AWMS at both ends of the runway





Kempegowda International Airport, Bengaluru(KIAB/ BLR Airport) becomes the 1st airport in India to get an indigenously-developed Aviation Weather Monitoring System (AWMS) at both ends of the runway. 

India to be World’s First Country to Use Drone Mounted ULV Sprayer for Locust Control 





Under the Make in India initiative the Department of Agriculture, Cooperation & Farmers’ Welfare (DAC&FW) has initiated to develop a vehicle mounted  ultra-low volume (ULV) sprayer for locust control to reduce the limitations of importing equipment. 

HRD Ministry Launches YUKTI 2.0 for Higher Education Institutes




Ramesh Pokhriyal ‘Nishank’, The Union Minister of Human Resource Development, launched “YUKTI 2.0”, a platform to support the startups incubated in the institutes of higher education over the virtual platform.

‘Air-Venti’ App to provide information on ICU beds, ventilators: Mumbai










Municipal Corporation of Greater Mumbai (MCGM), Maharashtra, has launched a mobile application “Air-Venti” developed by Octaware Technologies Limited in partnership with Probity Soft Pvt Ltd, which helps to provide information about availability of the Intensive Care Unit (ICU) beds and Ventilators.

China successfully launches last satellite for its BDS 



China has successfully launched the last Satellite of its BeiDou Navigation Satellite System (BDS), The satellite was launched from the Xichang Satellite Launch center in Sichuan Province.

BDS is one of the four global navigation networks among the US’s GPS, Russia’s GLONASS and European Union’s Galileo.

About China
Capital: Beijing
President: Xi Jinping



IIT Bombay Researchers Develops Chip ‘Dhruva’ to Navigate Locations











Researchers at IIT (Indian Institute of Technology) Bombay led by Rajesh Zele from the Department of Electrical Engineering have created a chip named ‘Dhruva’  that can be mounted in smartphones and navigation devices to find places and routes within the country.

ISRO Receives Patent for Liquid Cooling and Heating Garment for Astronauts 



The ISRO has initiated a 10,000 crore project- Gaganyaan to send humans to space by 2020, in accordance to which, ISRO has received a patent for its Liquid Cooling and Heating Garment (LCHG) for astronauts to use in space for protection from hot and cold environments.


About ISRO:
Headquarters: Bangalore, Karnataka
Chairman: Dr. K. Sivan

Union Minister Pralhad Joshi Launches ‘SATYABHAMA’ Portal to Promote R&D in Mining & Mineral Sector










Shri Pralhad Joshi, Union Minister for Coal &Mines has launched SATYABHAMA (Science and Technology Yojana for Aatmanirbhar Bharat in Mining Advancement) Portal, developed by National Informatics Centre (NIC), Mines Informatics Division.



SPORTS

New Zealand Cricketer Rachel Priest Announces Retirement from International Cricket




About New Zealand:
Capital– Wellington
Currency– New Zealand Dollar(NZD)
Prime Minister– Jacinda Ardern

Australia and New Zealand to Host The 2023 Women’s.  (football)World Cup 




About FIFA(Fédération Internationale de Football Association):
President– Gianni Infantino
Secretary General– Fatma Samba Diouf Samoura
Headquarters– Zurich, Switzerland



Grandmaster P. Harikrishna becomes the 1st Indian to join the USD 150,000 Chessable Masters

World Karate Federation provisionally de-recognised the Karate Association of India




The World Karate Federation (WKF) has provisionally de-recognised the Karate Association of India(KAI) with immediate effect from June 21 for infighting and violating the WKF statutes during its 2019 elections.

National Champion Niki Kalayanda Poonacha elected to ITF Men’s Tennis Panel











The International Tennis Federation (ITF) announced, 25 years old Niki Kalyanda Poonacha, National Champion of India as a member of the ITF World Tennis Tour Men’s Panel representing the Asia-Oceania zone with Ti Chen of Chinese Taipei.
About ITF:
President/CEO– David Haggerty
Chief Operating Officer(COO)– Kelly Fairweather
Headquarters– London, United Kingdom




OBITUARY



Veteran Kannada Novelist Geetha Nagabhushan passes away at 78

Vir Chakra Awardee 1971 War Hero Sqn. Ldr. Parvez Jamasji Passes Away

Batman,Hollywood Director Joel Schumacher passed away






Former Karnataka Basketball Player K Raghunath Passed Away at 74





Coach & Former Indian Shooter Pournima Zanane passed away at 42






Former MP & Journalist Vishwa Bandhu Gupta passed away 

Rajinder Goel, Domestic cricket stalwart passes away at 77






Vir Chakra Awardee, Major General Lachhman Singh Lehl Passed Away at 97

Padma Shri Awardee & Social Worker Vidyaben Shah Passed Away 












BOOKS & AUTHORS

Amish Tripathi Released the Book ”Legend of Suheldev: The King Who Saved India”













Best-selling author and the Director of Nehru Centre, London(since 2019) Amish Tripathi released his fiction book,”Legend of Suheldev: The King Who Saved India”. The book is published by Westland Publications Pvt Ltd.


IMPORTANT DAYS

National Statistics Day 2020 – June 29



The theme of 2020 National Statistics Day is “SDG- 3 (Ensure healthy lives and promote well-being for all at all ages) & SDG- 5 (Achieve gender equality and empower all women and girls)”.


International Day of the Tropics – June 29

Micro-, Small and Medium – Sized Enterprises Day 2020 – June 27

International Day in Support of Victims of Torture 2020: June 26






International Day Against Drug Abuse and Illicit Trafficking – June 26




The theme of 2020 International Day Against Drug Abuse and Illicit Trafficking is “Better Knowledge for better care”

International Day of the Seafarer 2020: June 25 



Theme of the webinar– “Seafarers are key workers: Essential to shipping, essential to the world” will be held online on Friday 26 June. 


World Vitiligo Day 2020 – June 25

International Olympic Day 2020 June 23



About International Olympic Committee(IOC):
The Olympic motto is made up of three Latin words: CITIUS – ALTIUS – FORTIUS (Faster, Higher, Stronger) adopted in 1894.
President of the IOC– Thomas Bach
Headquarters– Lausanne, Switzerland



International Widows Day 2020: June 23 





United Nations Public Service Day 2020: June 23

International Day of Yoga 2020 – June 21



UN declared IDY 2020 theme as “Yoga for Health – Yoga at Home”.

Ministry of AYUSH in India is promoting IDY 2020 with the theme as “Yoga at Home – Yoga with Family”



World Hydrographic Day 2020: June 21 




Theme of World Hydrographic Day 2020: ‘Hydrography Enabling Autonomous Technologies’



International Day of the Celebration of the Solstice 2020 – 21 June







World Music Day 2020: June 21 





World Music Day(Fête de la Musique) is celebrated annually on June 21 around the world to honour amateur and professional musicians. The day aims to provide free music to everyone & to promote peace and spread goodwill through music.

World Refugee Day 2020 – June 20













The theme of this year is “Every Action Counts”


25th edition of the National Reading Day 2020: June 19




India celebrated the 25th edition of the National Reading Day to honour Kerala’s Father of Library Movement, Puthuvayil Narayana (P.N.) Panicker & his significant contribution to the reading culture which made Kerala’s universal literacy rate (100%) in 1990. 

STATE NEWS

Gujarat Govt’s Online Aid ”At One Click” Initiative of Rs 1,369 Crore for MSMEs, Textile Industry

The Chief Minister of Gujarat Vijay Rupani launched the online aid initiative ‘At One Click’ with Rs 1,369 crore for around 13000 Micro Small and Medium Enterprises (MSME) (i.e. MSMEs and textile industries) in Gujarat.

V P Singh Badnore & Dharmendra Pradhan inaugurates Battery Swapping Facility Quick Interchange Service virtually



Punjab Governor and Administrator of Chandigarh, V P Singh Badnore with Union Minister of Petroleum and Natural Gas & Steel, Dharmendra Pradhan inaugurated Battery Swapping Facility Quick Interchange Service(QIS) at Chandigarh in a virtual function.

IAS Officer Vini Mahajan Becomes Punjab’s First Woman Chief Secretary

The Punjab government appointed 1987 batch Indian Administrative Service(IAS)  Officer Vini Mahajan as the Chief Secretary, by which she becomes the 1st woman to hold this post. 

About Punjab:
Capital– Chandigarh
Chief minister– Amarinder Singh
Governor– V. P. Singh Badnore

Chhattisgarh becomes the 1st state to launch “Godhan Nyay Yojana” , to Procure Cow Dung From Livestock Owners



Bhupesh Baghel, Chief Minister of Chhattisgarh announced the launch of “Godhan Nyay Yojana” through an online press conference to promote animal husbandry and make it a commercially profitable practice and to procure the cow dung from the farmers at a fixed rate.

The Adarsh Police stations scheme will be launched in Chhattisgarh. It will develop the police stations in the state as Ideal Police stations.
Certain parameters were set by the government & if the Police station meets the criteria then it will be rewarded.

Petroleum Minister, Dharmendra Pradhan & CM Edappadi K.Palaniswami Inaugurates CBG Plants in Tamil Nadu

Compressed Bio-Gas(CBG) Plants at Namakkal and CBG Fuel Stations at Pudhuchattiram and Rasipuram over a virtual platform.




Centre Allocates Rs 4125 cr to Rejuvenate Small, Medium & Tiny Industries Sector in Tamil Nadu


About Tamil Nadu:
Capital: Chennai
Governor: Shri Banwarilal Purohit


Maharashtra Announced “Maha Parwana” to Attract Fresh Industrial Investment


The government of Maharashtra announced the “Maha Parwana” to attract fresh investment in industries, for project execution, this plan will offer incentives and a single window clearance system.


29.53 sq km Tillari Forest Area in Dodamarg and Sawantwadi Range Declared as Conservation Reserve Area: Maharashtra




The Tilari ecosystem breeds tiger population and serves as the source population for the Sahyadri tiger reserve.

About Maharashtra:
Capital– Mumbai
Governor– Bhagat Singh Koshyari
Chief Minister– Uddhav Thackeray

Tripura gov launches Mukhyamantri Matru Pushti Uphaar Scheme to Provide Nutrition Kits to Pregnant and Lactating Women

The scheme will be in addition to the Pradhan Mantri Matru Bandana Yojana under which Rs 5000 each was given to 58,996 beneficiaries, after the birth of their first child.

Andhra CM Jagan Mohan Reddy Launches YSR Kapu Nestham Scheme for Women of Kapu



YS Jagan Mohan Reddy launched the Kapu Nestham scheme to provide financial support of Rs 75000/- (Rs 15000/- per annum) to women of Kapu community.
The objective of the scheme is to financially empower Kapu women by enhancing their livelihood and living standards with financial assistance.

About Andhra Pradesh:
Capital: Hyderabad
Chief Minister: YS Jagan Mohan Reddy

Maharashtra Appoints Current Additional Chief Secretary Sanjay Kumar as Chief Secretary 

About Maharashtra
Capital– Mumbai
Governor– Bhagat Singh Koshyari

Government of Haryana and Reliance Jio TV partners to educate 52 Lakh students

Kanwar Pal, Education Minister of Haryana announced that The Government of Haryana under the Chief Minister’s Distance Education Programme signed an agreement with Reliance Jio TV to benefit around 52 lakh rural students during the COVID-19 pandemic.
About Haryana:
Governor– Satyadeo Narain Arya
Chief Minister– Manohar Lal Khattar
Capital– Chandigarh




Rajasthan Government to Launch ‘Indira Rasoi Yojna’


The Chief Minister of Rajasthan, Ashok Gehlot announced ‘Indira Rasoi Yojna’ (Indira kitchen scheme), to provide pure nutritious food to the poor twice a day at concessional rates. A sum of Rs 100 crore will be spent every year on this scheme.This yojna has been created in memory of great leader Indhira Gandhi.



Tripura Government to launch ‘Ektu Khelo, Ektu Padho’ for school students


Tripura Education Minister Ratan Lal Nath informed that, ‘Ektu Khelo, Ektu Padho’(Play little, Study little’), an initiative for school students upto class VIII will be launched on June 25. 


Jharkhand to Launch Employment Guarantee Scheme for Urban Poor



Jharkhand is set to launch a 100-day employment scheme “Mukhyamantri SHRAMIK (Shahri Rozgar Manjuri For Kamgar) Yojna” to enhance the livelihood and security of urban poor. This scheme is in line with the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).
About Jharkhand:
Governor– Draupodi Murmu
Chief Minister– Hemant Soren 
Capital– Ranchi


Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Introduces Nishtha Vidyut Mitra Scheme for Women Empowerment




 The Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited(MPMKVVCL) introduced the Nishtha Vidyut Mitra Scheme for women empowerment. Under this scheme, women Self-Help Groups at Gram Panchayat level will act as Nishtha Vidyut Mitra.

Rajasthan Signs Pact With POWERGRID & EdCIL to Setup Smart Classrooms in 100 Schools


Rajasthan Education Minister Govind Singh Dotasara informed that Rajasthan government has signed a tripartite agreement with the Power Grid Corporation of India(POWERGRID) and the Educational Consultants India Limited(EdCIL)