National News
‘I-FLOWS’- A Flood Warning System
- A state of the art flood warning system called ‘I-FLOWS’ is launched in Mumbai, Maharashtra.
- It is launched by Union Minister of Health and Family Welfare, Science and Technology, Earth Science Dr, Harsh Vardhan Rathore along with CM of Maharashtra Uddhav Thackeray.
‘Captain Arjun’ an AI Robot—By Central Railway
- An Artificial Intelligence-based technology Robot named as ‘Captain Arjun’ has been launched by Central Railway zone.
- The robot has been launched to intensify surveillance and screening of passengers so that it will keep watch on anti-social elements.
Union Minister G Kishan Reddy Launched ‘GermiBAN’ Device
- Union Minister of State of Home Affairs G Kishan Reddy has launched ‘GermiBAN’ device which kills viruses and other germs by sterilizing, sanitizing and disinfecting in large areas.
- The innovation idea behind this ‘GermiBAN’ device is of NEO Inventronix, Hyderabad.
Indian Gas Exchange- Online Delivery Based Gas Trading Platform
- Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan has launched India’s first online delivery based natural gas trading platform named as Indian Gas Exchange (IGX).
- Headquarter of IGX is New Delhi and the Director will be Rajiv Srivastava.
Multi-Location Claim Settlement Facility by EPFO
- The Employees Provident Fund Organisation (EPFO) has launched the Multi-Location Claim Settlement Facility.
- Multi-Location Claim Settlement Facility has been launched to expedite member claims.
Maruti Suzuki partners with Karur Vysya Bank for Car Loans
- India’s car manufacturers Maruti Suzuki has partnered with Karur Vysya Bank to offer car loans for Maruti vehicles.
- The loan will be available to both salaried and self-employed customers and the repayment period is up to 84 months.
Garib Kalyan Rojgar Abhiyan--Launched by PM Modi
- Prime Minister Narendra Modi has launched Garib Kalyan Rojgar Abhiyan on 20th June 2020.
- The campaign of Garib Kalyan Rojgar Abhiyan is of 125 days and will be carried out in mission mode.
Coal India Ltd Partners with Atal Innovation Mission
- Coal India Ltd (CIL) has partnered with Atal Innovation Mission (AIM) of NITI Aayog.
- They have partnered to establish innovation and entrepreneurship skills in India.
Banking
RBI sets up Panel to Review Corporate Structure
- Reserve Bank of India has set up a committee of 5 members which is basically a 5 member internal working group (IWG) to review the ownership and corporate structure of Indian private sector banks.
EXIM Bank Provides $215.68 million to Malawi Government
- Export-Import Bank of India (EXIM Bank) has provided a line of credit of $215.68 million to Malawi government.
- The financial support will be utilised for the welfare of drinking water supply schemes, irrigation projects, sugar processing equipment, cotton processing facilities etc.
New Framework for FMI and RPS--- By RBI
- The Reserve Bank of India has come up with a new framework with some changes in monitoring structure of Financial Market Infrastructure (FMI) and Retail Payment System (RPS).
- The new changes in FMI and RPS will result in ensuring more security and stability of the payment structure.
Insta FlexiCash – By ICICI Bank
- ICICI Bank has launched an Insta FlexiCash facility to its salary account customers.
- The Insta FlexiCash is an online overdraft facility (OD) by which customers can get approval for OD instantly with a paperless manner.
‘Suraksha Salary Account for MSME’s’ – By Airtel Payment Bank
- Airtel Payment Bank has launched ‘Suraksha Salary Account for MSME’s’.
- With the help of this account, MSME and other organisations will be able to make cashless payments and provide financial security to their employees.
SEBI proposes Measures to Strengthen Enforcement and Recovery Mechanism
- The Securities and Exchange Board of India (SEBI) has constituted a committee headed by former Supreme Court Judge Anil Dave to strengthen the SEBI’s enforcement mechanism and also to improve its system of recovery of siphoned off money.
New Rules for HFCs by RBI
- The Reserve Bank of India being the regulator of Housing Finance Companies (HFCs) has proposed changes in rules and regulations of HFCs with an aim to increase and address concerns of liquidity and double financing.
SARAL Affordable Housing Scheme– By ICICI Home Finance
- ICICI Home Finance Company Ltd, which is an HFC has launched a special affordable housing loan scheme to finance homes in rural and urban areas of India. The name of the scheme is SARAL.
- Maximum limit of loan is Rs 35 lakhs with an interest rate starting from 7.98%.
SEBI to Enhance Promoter’s Shareholding
- The Securities Exchange Board of India (SEBI) has amended regulation (3) in sub-regulation (2) of SEBI-Substantial Acquisition of Shares and Takeovers regulations, 2011 (SEBI-SAST) in order to enhance acquisition limit of promoters.
Index and Ranking
IMD World Competitive Index 2020
- Switzerland based International Institute for Management and Development’s (IMD) World Competitiveness Centre (WCC) has released a 32nd World Competitive Index 2020 report.
- As per the report, India has stood at the ranking position of 43rd for this year.
Reports
World Investment Report 2020
- United Nation Conference on Trade and Development (UNCTAD), the UN’s trade body has released ‘World Investment Report 2020’.
- As per the report, India has become the 9th largest recipient of Foreign Direct investment for 2019.
India’s First National Report on Climate Crisis
- India has released its first-ever climate national report on the climate crisis.
- The report is prepared by Ministry of Earth Science (MoES) and it is edited by a scientist at Indian Institute of Tropical Meteorology, Pune.
Appointments
| Name of the Person | Designation |
| Imtaiyazur Rahman | CEO of UTI Mutual Fund |
| Vice Admiral Biswajit Dasgupta | Chief of Staff, Eastern Naval Command |
| Pankaj Tripathi | Brand Ambassador for Bihar Khadi |
| Volkan Bozkir | New President of 75th Session of UN General Assembly |
| Kubatbek Boronov | Prime Minister of Kyrgyzstan |
| Urjit Patel | New Chairman of Economic Think Tank Finance and Policy (NIPFP) |
| Sourav Ganguly and Sunil Chhetri | Brand Ambassadors for JSW Cement |
| Shambhu S Kumaran | India new Ambassador to the Philippines |
Awards and Honours
| Awardee | Award |
| Chef Angad Singh Rana | QualityNZ Culinary Cup 2020 in the category of Seafood challenge |
| Chef Vaibhav Bhargava | QualityNZ Culinary Cup 2020 in the category of Mutton/lamb challenge |
Important Days
| Date | Day | Theme |
| 15th June 2020 | World Elder Abuse Day | -- |
| 16th June 2020 | International Day of Family Remittance | Theme: ‘Building resilience in times of crisis |
| 17th June 2020 | World Day to Combat Desertification and Drought | Theme: Food, Feed, Fibre- The links between consumption and land |
| 18th June 2020 | Sustainable Gastronomy Day | -- |
| 18th June 2020 | Mask Day | -- |
| 19th June 2020 | International Day for Elimination of Sexual Violence in Conflict | -- |
| 20th June 2020 | World Refugee Day | Theme: Every Action Counts |
| 21st June 2020 | International Day of Yoga | Theme: Yoga for Health- Yoga at Home |
| 21st June 2020 | International Day of the celebration of the Solstice | -- |
| 21st June 2020 | World Music Day | -- |
| 21st June 2020 | World Hydrography Day | Theme: Hydrography enabling autonomous technologies |
MoU’s Signed
Maharashtra signs MoUs with Domestic and Foreign Companies
- The Government of Maharashtra has signed a total of 12 Memorandum of Understaffing (MoU) with domestic and foreign companies for FDI worth over Rs 16,000 crores.
- The MoUs are the part of Magnetic Maharashtra 2.0 initiative.
MoHUA signs MoU with SIDBI—PM SAVNidhi Scheme
- Ministry of Housing and Urban Affairs (MoHUA) has signed an MoU with SIDBI (Small Industries Development Bank of India) for PM Street Vendor’s AtmaNirbhar Nidhi (PM SAVNidhi Scheme).
- The PM Street Vendor’s AtmaNirbhar Nidhi Scheme aims to provide Special Micro-Credit Facility for Street Vendors.
Science and Technology
India Joins GPAI
- India has joined as a founding member and has launched a Global Partnership on Artificial Intelligence (GPAI or Gee-Pay).
- GPAI is an initiative which aims to create development and increase usage of AI across whole world.
India’s First ‘Pay as You Fly’ Insurance for Drones
- India’s first ‘pay as you fly’ insurance for drones is launched by HDFC ERGO General Insurance Company in partnership with UK based tech firm Tropo Limited for drone owners of India.
India’s First Mobile Lab for COVID-19 launched by Dr Harsh Vardhan
- Union Minister for Science and Technology Dr Harsh Vardhan has inaugurated India’s first mobile disease diagnostic laboratory for COVID-19.
- I-Lab is able to conduct COVID and Non-COVID tests as well.
MNRE forms Project Development Cell
- Ministry of New and Renewable Energy (MNRE) has launched Project Development Cell (PDC) with an aim to generate investment in clean energy that is to increase solar energy usage.
- MNRE has set up this PDC under its joint secretary Amitesh Kumar Sinha.
Herbal Infusion Technology—By IIT Mandi
- Indian Institute of Technology Mandi has developed a Herbal Infusion Technology for the farmers of the mid-Himalayan region.
- Herbal Infusion Technology will prove as an income source for farmers.
Summits and Conferences
32nd Virtual EAG Plenary Meeting
- Indian officials from various enforcement agencies have participated in 32nd Virtual Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) Plenary Meeting 2020.
- The Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) comes under the aegis of Financial Action Task Force (FATF).
