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EDJUVO
WEEKLY
CURRENT
AFFAIRS
MAGAZINE
JUNE 3 - JUNE 9 2019
,
VISIT: WWW.EDJUVO.COMCurrent Affairs - Weekly Edition PDF
(June 03 –June 09, 2019)
National
1. Two-day Yoga Mahotsava celebrated in New Delhi.
On June 1, 2019, As a Curtain Raiser for International Day of Yoga (IDY) 2019 which is
celebrated on June 21, a two-day Yoga Mahotsava was inaugurated by Shri Rajeev Kumar, Vice-
Chairman of Niti Ayog at New Delhi.
The Yoga Mahotsav-2019 was organized by Morarji Desai National Institute of Yoga (MDNIY)
under Ministry of AYUSH(Ayurvedic, Yoga, and Naturopathy, Unani, Siddha, and
Homeopathy). The theme of IDY 2019 in India is “Yoga for Heart”.
2. Elephanta Festival kicked off in Mumbai.
Elephanta festival, a two day festival of art and culture organized by Maharashtra Tourism
Development Corporation (MTDC) held on Elephanta-Gharapuri (island), Mumbai to promote
tourism and culture in Maharashtra. The festival was inaugurated by tourism minister Jaykumar
Rawal on Gateway of India.
Key points:
i. The theme for this year is ‘Swarang’
ii. Elephanta caves located on this island are UNESCO world heritage sites. They are a collection of
cave temples mostly dedicated to Lord Shiva.
iii. The Elephanta festival was started in the year 2012 to celebrate the heritage and culture of the
city.
About Maharashtra:
♦ Capital – Mumbai
♦ Chief Minister – Devendra Fadnavis
♦ Governor – Vidyasagar Rao
♦ National parks – Chandoli National Park, Gugamal National Park, Nawegaon National
Park,Sanjay Gandhi National Park, Tadoba National Park.
♦ Ports – Jawaharlal Nehru Port, Mumbai Port
3. IAF AN-32 Aircraft went missing with 13 people in Assam
On June 3, 2019, IAF AN-32 Aircraft, taken off at 12.27 pm from Jorhat, Assam headed towards
Mechuka in Arunachal Pradesh went missing with 13 people. The AN-32 was inducted into the
IAF in the 1980s.
IAF AN-32 Aircraft-
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(June 03 –June 09, 2019)
Key Points:
The Aircraft consisted of 8 crew members, including 6 officers led by a Wing Commander and 5
passengers.
The ground agencies had last contacted the aircraft at 1 pm following which the contact was lost.
The search operations from air and ground parties of Indian Army have been undertaken. On the
air, sources like C-130, AN-32 aircraft, two Mi-17 of IAF and Indian Army ALH helicopters
were employed. On the ground, the Indo-Tibetan Border Police(ITBP), Border Roads
Organization(BRO) and the state police were deployed.
Similar cases were registered in 2009 and 2016. In June 9, 2009, an IAF AN-32 had crashed over
Rinchi Hill near Heyo Village, West Siang district, Arunachal Pradesh, which killed 13 personnel
and the biggest IAF AN-32 crash took place on July 22, 2016 when the aircraft went off the
radars over the Bay of Bengal which killed 29 people.
About Indian Air Force(IAF):
♦ Headquarters: New Delhi
♦ Founded: 8 October 1932, India
♦ Role: Aerial warfare
♦ Attack: Jaguar, MiG-27, Harpy
♦ Fighters: Sukhoi Su-30MKI, Dassault Mirage 2000, Mikoyan MiG-29, Mikoyan-Gurevich
MiG-21, HAL Tejas
♦ Chief of Air Staff(CAS): Air Chief Marshal Birender Singh Dhanoa
4. Haryana High court declares of entire animal kingdom as ‘legal entities’.
On June 2, 2019, The Haryana High court (HC) declared the entire animal kingdom, including
avian and aquatic, as a legal entity having rights of a living person.
The verdict of Punjab and Haryana HC comes a year after Uttarakhand HC passed similar order
to protect and promote greater welfare of animals.
Key points:
This decision was taken by Justice Rajiv Sharma.
By invoking article 21 of the constitution the court stated that the animals can no longer be
treated as objects or properties.
The court also declared all citizens throughout Haryana as persons in loco parentis (meaning – in
place of a parent) giving them the responsibility to protect animals.
The court also directed the state government to ensure that no animal shall carry weight or load in
excess of the weights prescribed.
It also bans the use of animals for drawing vehicles where the temperature exceeds 37°C (99°F).
About Haryana:
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(June 03 –June 09, 2019)
Capital: Chandigarh
Governor: Satyadev Narayan Arya
Chief minister: Manohar Lal Khattar
5. Draft National Education Policy 2019 Submitted By Dr. Kasturirangan Committee.
A committee headed by Dr. Kasturirangan submitted draft national education policy 2019
to Union Human Resource Development Minister, Shri Ramesh Pokhriyal ‘Nishank’ and
Minister of State for HRD, Shri Sanjay Shamrao Dhotre in New Delhi to rename Minister
of Human Resource Development to Minister of education.
For promoting Indian and classic languages three new national institutes for Pali, Persian,
and Prakrit and an Indian Institute of Translation and Interpretation (IITI) are
recommend.
Rashtriya Shiksha Ayog, an apex body is proposed to implementation all educational
initiatives and to coordinate efforts between the Centre and the States.
6. MoHFW organized National Workshop for Population Research Centers.
On May 30, 2019, the Ministry of Health and Family Welfare(MoHFW) organized a two-
day National Workshop for Population Research Centers (PRC) in New Delhi.
It focused on the various features of the flagship schemes of the Health Ministry for
simultaneous supervision.
Key Points:
Preeti Sudan, Secretary(HFW) released the Rural Health Statistics (2017-18) and a
Compendium of Studies Conducted by the PRCS (2017-18) in the presence of Shri
Manoj Jhalani (Additional Secretary & Mission Director), Shri D K Ojha, Deputy
Director General (DDG-Stats.) along with other senior officers of the Ministry and
representatives from state PRCs.
MoHFW has set up the network of 18 PRCs over 17 major States and Union Territories.
The scheme started with establishment of 2 PRCs in 1958 at Delhi and Kerala. During
1999, it was expanded to 18 PRCs with the latest inclusion of PRC, Sagar. Among them,
12 are attached to various Universities and 6 are in research institutions of national
repute.
The flagship program of Health Ministry, Ayushman Bharat has two components- Health
and Wellness Centers (HWCs) for Comprehensive Primary Health Care and Pradhan
Mantri Jan Arogya Yojana (PMJAY) for secondary and tertiary Health care. These both
components deliver Health Care services to the people who live in rural and urban areas.
In this case, PRCs can provide critical research based inputs to strengthen these
initiatives.
About PRCs:
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(June 03 –June 09, 2019)
The PRCs were established to undertake research projects relating to family planning,
demographic research and biological studies and qualitative aspect of population control,
with a view to gainfully utilize the feedback from these research studies for plan
formulation, strategies and policy interventions of ongoing schemes.
They are also involved in other studies given by Ministry such as Concurrent Evaluation
of NRHM conducted by the Ministry throughout the country during 2008-09, large scale
sample surveys of the Ministry like District Level Household Survey (DLHS), National
Family Health Survey (NFHS) and Longitudinal Ageing Study in India (LASI), All India
study on “Rapid Appraisal of National Rural Health Mission (NRHM) Implementation in
36 Districts of 20 States of India”. They also monitor important components of NHM
Programme Implementation Plans.
7. Kharga Prahar exercise concluded in Punjab.
A week-long exercise (27 May 2019 to 4 June 2019) between the Indian army and the
Indian Air Force (IAF) – Kharga Prahar concluded in Punjab.
The exercise was undertaken by various units and formation of Kharga Corps. The key
aspects of this exercise is to validate operational aspects and brought out many lessons to
the corps.
About Punjab:
♦ Capital – Chandigarh
♦ Chief Minister – Amarinder Singh
♦ Governor – V P Singh
8. 6th round of India-China Bilateral Dialogue on Disarmament and Non-Proliferation
held in New Delhi.
On June 3, 2019, 6th India-China Bilateral Dialogue on Disarmament and Non-
Proliferation was held in New Delhi.
The Indian delegation was led by Shri Indra Mani Pandey, Additional Secretary
(Disarmament & International Security Affairs) and the Chinese delegation was led by
Ambassador Fu Cong, Director General, Department of Arms Control of Ministry of
Foreign Affairs.
Key Points:
Both the countries exchanged their views on various issues of mutual interest related to
disarmament, non-proliferation and arms control.
Ambassador Fu Cong invited the Indian delegation to Beijing for the next round of
consultations which was accepted by India.
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External Affairs Minister S Jaishankar will visit Beijing in September before the informal
summit which will be held between the Prime Minister Narendra Modi and Chinese
President Xi Jinping.
The first informal summit between Indian Prime Minister and Chinese President was held
in April, 2018 at Wuhan, China.
About China:
♦ Capital: Beijing
♦ Currency: Renminbi
9. Fee for SC/ST candidates joining vocational training waived off.
The ministry of Skill Development and Entrepreneurship, Government of India
announced that fee for SC/ST candidates who join vocational training under Jan Shikshan
Sansthans (JSS) have been waived off.
This decision was taken by the Union Minister for Skill Development and
Entrepreneurship Dr. Mahendra Nath Pandey at the senior officials meet.
The decision intended to strengthen the skill development and benefiting the
underprivileged sections of society.
The decision follows the recent reforms brought in January 2019 such as decentralization
of powers for JSSs- giving more accountability and independence to the district
administration, Training of Trainers to develop the capacity through NSTIs (National
Skills Training Institutes)
About JSS:
Jan Shikshan Sansthans (JSSs) are established to provide vocational training to non-literate, neo-
literate, as well as school dropouts by identifying skills as would have a market in the region of
their establishment.
10. Central Government Reconstitutes Eight Key Cabinet Committees.
On June 6, 2019, Under the Transaction of Business Rules, the Central Government has
reconstituted eight key Cabinet Committees.
These include -Appointments Committee, Committees on Accommodation, Economic
Affairs, Parliamentary Affairs, Political Affairs, Security, Investment and Growth and
Cabinet Committee on Employment and Skill Development. Eight key cabinet
committees
Key points:
Appointments Committee of the Cabinet has Prime Minister. Shri Narendra Modi and Shri Amit
Shah, Minister of Home Affairs.
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Cabinet Committee on Accommodation will have Shri Amit Shah (Minister of Home Affairs),
Nitin Jairam Gadkari(Minister of Road Transport and Highways; Minister of Micro, Small &
Medium Enterprises.) Smt. Nirmala Sitharaman, (Minister of Finance; Minister of Corporate
Affairs) and Shri Piyush Goyal, (Minister of Railways, Minister of Commerce &Industry)
11. Health ministry chaired the meeting to review the status of the Revised National
Tuberculosis Control Program (RNTCP) held in Delhi.
On June 4, 2019, Union Minister for Health and Family Welfare, Dr.Harsh Vardhan held
a high level meeting to review the status of the Revised National Tuberculosis Control
Program (RNTCP) in New Delhi.
Key points:
At the meeting, the ministry directed all the officials to take a necessary step as “Mission
Mode” to eliminate TB (Tuberculosis).
The mission includes all stakeholders to come together to make India free of tuberculosis
by 2025.
The ministry further suggested that innovative approaches should be taken to address TB.
The slogan for TB-Free India is “TB Harega Desh Jitega“.
About Revised National Tuberculosis Control Program
The Government of India (GoI) launched the National TB Programme in 1962.
The Revised National TB Control Programme (RNTCP), based on the internationally
recommended Directly Observed Treatment Short-course (DOTS) strategy, was launched
in 1997.
It expanded across the country by 2006.
In 2007, GoI introduced the Programmatic Management of Drug Resistant TB (PMDT)
to combat drug resistance and achieved full geographical coverage by 2013.
12. Agreement between India and Marshall Islands for Exchange of Information
notified
The Agreement between the Government of India and the Government of the Marshall
Islands for the Exchange of Information with respect to taxes was signed on 18th March,
2016 at Majuro, the Republic of the Marshall Islands.
The Indian-Marshall Tax Information Exchange Agreement (TIEA) was notified to the
gazette of India.
Key points:
The agreement provides a framework for the exchange of Information in tax matters
which helps in tax evasion and tax avoidance.
It provides information like banking and ownership between two countries for tax
purposes.
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(June 03 –June 09, 2019)
About Marshall Islands:
♦ Capital – Majuro
♦ Currency – United States Dollar
♦ President – Hilda Cathy Heine
♦ Prime Minister – Stefan Löfven
13. PM Narenrdra Modi Reconstituted NITI Aayog.
On June 6, 2019, Prime Minister of India, Narendra Modi approved the reconstitution of
government’s policy think tank, National Institution for Transforming India (NITI)
Aayog.
It is scheduled to meet on June 15 for the first time after Modi government won a second
term, chaired by the prime minister.
Key points:
Rajiv Kumar was retained as the Vice Chairman of NITI Aayog whereas economist
Bibek Debroy, a full-time member,was dropped from the team.
V K Saraswat, Ramesh Chand and Dr V K Paul will continue as the members of NITI
Aayog.
Commerce Minister Piyush Goyal addressed meeting of Board of Trade & Council
A joint meeting of the Board of Trade and the Council for Development and Promotion,
organized by the Ministry of Commerce and Industry and the Directorate General of
Foreign Trade (DGFT) was held in New Delhi.
Key points:
Piyush Goyal, Union Minister of Commerce and Industry and Railways has asked the
industry and export bodies to stop depending on subsidies and grants from the Central
Government and make the industry more competitive and self-reliant.
This is the first meeting after Piyush Goyal became the Union Minister of Commerce and
Industry following Suresh Prabhu.
The meeting was attended by many ministries such as Textiles, MSME Agriculture,
Information Technology, NITI Aayog and other Ministries of government.
14. Shri Prahalad Singh Patel , Minister of State for Culture & Tourism inaugurate
‘Unknown masterpieces of Himachal Folk Art’, exhibition in New Delhi.
The Minister of State for Culture & Tourism, Shri Prahalad Singh Patel inaugurated
exhibition “Unknown Masterpieces of Himachal Folk Art”, at National Museum, New
Delhi.
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(June 03 –June 09, 2019)
Key points:
The exhibition is organized by the National Museum, New Delhi and Home of Folk Art
of Tribal, Gurugram .
More than 240 artifacts will be displayed. Out of this 230 objects belong to the personal
lifetime collection of Late K.C. Aryan.
15. 3rd advance estimates of production of major crops for 2018-19 released by the
Government
On June 3, 2019, The Department of Agriculture, Cooperation and Farmers Welfare
under the Ministry of Agriculture & Farmers Welfare released the 3rd Advance Estimates
of production of major crops for 2018-19.
The data was based on the feedback received from States and validated with information
available from other sources.
As per 3rd Advance Estimates, the estimated production of major crops during 2018-19 is
as follows:
Food grains production stood at 283.37 million tonnes, which was higher by 17.62 million
tonnes than the previous five years’ (2013-14 to 2017-18) average production of food grain.
115.63 million tonnes. (record)
Rice
(2017-18: 112.76 million tonnes)
101.20 million tonnes (record)
Wheat
(2017-18: 99.87 million tonnes)
Nutri / Coarse 43.33 million tonnes
Cereals (0.24 million tonnes higher than the average production)
Maize 27.82 million tonnes
23.22 million tonnes
Pulses (2.96 million tonnes higher than the 5 years’ average production of
20.26 million tonnes)
Gram 10.09 million tonnes
Tur 3.50 million tonnes
Oilseeds: 31.42 million tonnes
13.74 million tonnes (1.77 million tonnes higher than past 5-year
Soyabean
average production)
Rapeseed and
8.78 million tonnes
Mustard
Groundnut 6.50 million tonnes
About Ministry of Agriculture & Farmers Welfare:
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(June 03 –June 09, 2019)
♦ Headquarters: New Delhi
♦ Minister In-charge: Narendra Singh Tomar
16. Dr Harsh Vardhan reviewed the status of Nipah virus disease in Kerala.
Dr Harsh Vardhan, Union Minister of Health and Family Welfare(MoHWF), reviewed
the status of Nipah Virus Disease (NVD) in Kerala along with Ms. Preeti Sudan,
Secretary (HFW) and the Ministry officials. As of now, 15 people are under observation
in the state.
Key Points
Since June 4, 2019, Strategic Health Operation Centre (SHOC) at National Centre for
Disease Control (NCDC) has been activated and it is coordinating activities for Nipah
containment.
District Control Room was set up in the Collector Office. The Helpline No. is
04842425200.
On June 7, 2019, the Health Minister of Kerala, Smt. K K Shailaja met the Union
Minister of Health & Family Welfare Dr. Harsh Vardhan to discuss the status and
preparedness of the State for containment and management of Nipah Virus Disease.
The Indian Council of Medical Research (ICMR) has permitted the Kerala Government
to establish a regional Biosafety Level-3 (BSL-3) laboratory in Kozhikode district. The
estimated cost for the project is Rs. 8 crores.
Nipah virus is transmitted from animals to humans and then spreads through people to
people contact, causing respiratory illness. Its symptoms include fever, muscle pain,
headache, fever, dizziness, and nausea.
17. Government launched Swachh Survekshan 2020 League.
On June 6,2019, Union housing and urban affairs minister Hardeep Singh Puri launched
Swachh Survekshan 2020 League in New Delhi. It will be a cleanliness assessment of
cities and towns in India on quarterly basis.
It will be integrated with Swachh Survekshan 2020, the 5th edition of the annual
cleanliness survey of urban India to be conducted between January – February 2020.
18. Swachh Survekshan 2020 LeagueSwachh Survekshan 2020 League.
It is aimed at “sustaining the on ground performance of cities along with continuous
monitoring of service level performance on cleanliness”.
It will be conducted in three quarters (April- June, July – September and October-
December 2019) and will give equal weightage to every quarter based on cities updating
their progress on online MIS (Management Information System) and citizens.
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(June 03 –June 09, 2019)
The purpose of quarterly cleanliness assessment is that many cities and towns slip back
once they get a decent ranking on cleanliness levels in annual sanitation survey exercise
Swachh Survekshan.
19. ICG inaugurated its 4th Subordinate Officers Conclave 2019 in New Delhi.
On June 6, 2019, a two-day 4th Subordinate Officers Conclave 2019 organized by Indian
Coast Guard (ICG) was inaugurated by Rajendra Singh, Director General (DG) of ICG at
ICG Headquarters in New Delhi.
It focused on accountability in job profile, improving lifestyle for healthy living and
integrating evolving technology in Coast Guard operations, especially towards
strengthening search and rescue organizations during cyclone and floods.
Key Points:
Among the armed forces, the subordinate officer’s conclave is one of the unique
initiatives. Here, the suggestions and ideas of jawans are taken into consideration for
running the force.
DG Rajendra Singh conferred ‘Uttam Jeevan Raksha Padak ’to Navik Vinod. The award
was bestowed in recognition of his exceptional courage, expert use of lifesaving
techniques and selfless attitude displayed in saving a precious life of a woman drowning
into the rough sea due to monsoonal weather conditions in pitch dark hours near Gateway
of India, Mumbai in
On this occasion, A Coast Guard Benevolent Association App was launched. Through
this app, the Coast Guard Personnel can log on the site and apply for the required
financial assistance online.
About ICG:
♦ Motto: We Protect
♦ Headquarters: New Delhi
20. NGT formed panel to discuss plea seeking ban on plastic packaging
The National Green Tribunal (NGT) has formed a panel to look into the needs for further
norms to restrict the use of plastic packaging of food products.
This was formed after a plea to seek a ban on the plastic packaging of food products.
Key Points:
A bench headed by NGT Chairperson Justice Adarsh Kumar Goel formed the panel.
The panel comprises of the representatives of Food Safety and Standards Authority of
India (FSSAI), Bureau of Indian Standards (BIS), Central Pollution Control Board
(CPCB) and Directorate General of Health Services (DGHS).
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The nodal agency for coordination is FSSAI (Food Safety and Standards Authority of
India) and it is required to furnish its report to the tribunal within three months by e-mail.
The move has come after a petition was filed by NGO Him Jagriti Uttaranchal Welfare
Society seeking a ban on the use of plastic bottle and multi-layered/plastic packages /pet
bottles.
About NGT:
♦ Established: 2010
♦ Chairperson: Justice Adarsh Kumar Goel
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State
21. Satish Chandra Verma appointed as Advocate General of Chhattisgarh.
The government of Chhattisgarh has appointment Sathish Chandra Verma as it’s new
Advocate General (AG) with immediate effect succeeding Kanak Tiwari.
He was previously working as Additional Advocate General of the state. He has been
appointed by the Governor of Chhattisgarh after exercising the powers conferred by
Clause (1) of Article 165 of the constitution of India.
Satish Chandra Verma
About Chhattisgarh:
♦ Capital – Raipur
♦ Chief Minister – Bhupesh Baghel
♦ Governor – Anandiben Patel
♦ National Parks – Kankerghati National Park, Indravati National Park, Kanger Valley National
Park
22. Free rides scheme for women’s in Delhi.
Chief Minister of Delhi, Arvind Kejriwal has announced free rides in Delhi metro and
Delhi Transport Corporation (DTC) for women to ensure safety and make transport with
higher fare affordable.
This project will cost Rs 700 crores to the Delhi government. This subsidy is to be
optional and planned to be implemented in two or three months.
About Delhi:
♦ Capital – New Delhi
♦ Chief Minister – Arvind Kejriwal
♦ Governor – Anil Baijal
23. Punjab Chief Minister Amarinder Singh requested Prime Minister to declare 550th
Parkash Parb as National Tolerance Day.
Punjab Chief Minister Amarinder Singh has requested Prime Minister Narendra
Modi to declare the 550th Guru Nanak Prakash Purab as National Tolerance Day
cited the Sikhism founder’s message of love and compassion.
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Parkash Utsav of Guru Nanak Dev( also known as Guru Nanak Jayanti),
celebrates the birth of the first Sikh Guru and Sindhi Community Guru Nanak.
This is one of the most sacred festivals in Sikhism, or Sikhi and Sindhis
celebrated on November 12.
About Punjab:
♦ Capital: Chandigarh
♦ Chief minister: Amarinder Singh
♦ Governor: V.P. Singh Badnore
24. P Sivakolundhu elected as Puducherry Assembly Speaker.
Deputy Speaker of Puducherry Assembly V.P Sivakolundhu has been unanimously
elected as speaker of Puducherry assembly after congress’s V Vaithilingam stepped down
from the post.
P Sivakolundhuii. V Vaithilingam stepped down on March 21 to contest the Lok Sabha
election from the lone Union Territory seat, which he won with a margin of 1,96,802
votes against his nearest rival K Narayanasamy of All India NR Congress.
P Sivakolundhu is the only independent candidate who filed nomination on behalf of the
Congress-DMK alliance.
Congress member MNR Balan (Oulgret Constituency) has been appointed as Deputy
Speaker.
About Puducherry:
♦ Lieutenant Governor of Puducherry: Kiran Bedi
25. Ajeya Kallam appointed as Principal Advisor to Andhra Pradesh CM YS
Jaganmohan Reddy.
On June 4, 2019, Ajeya Kalama, Retired IAS officer and Former Andra Pradesh Chief
Secretary, was appointed as Principal Advisor to Andhra Pradesh Chief Minister YS
Jaganmohan Reddy.
Ajeya Kallam (Key Points):
He holds a rank of Cabinet Minister and heads the Chief Minister’s Office(CMO).
He is authorized to call for advice from the departments and all advisors of the
government are accountable to him.
Initially, the term of appointment will be 3 years with a fixed remuneration of Rs 2.5 lakh
per month.
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Along with this, the government has issued orders to create 9 posts in the office of the
Principal Advisor.
26. Haryana cabinet approved changes in state job recruitment rules
On June 4, 2019, the Haryana government Cabinet meeting chaired by the Chief Minister
Manohar Lal Khattar, relaxed the state job recruitment rules in Group B posts such as
teachers and educational supervisors and Group C, D posts.
Key points:
As per the amendment, selection of the candidates will be purely based on the written
exam, socio-economic criteria, and experience.
The total marks for the post comprise 100 marks, including 90 for written exam and 10
for socio-economic criteria and experience.
The cabinet decided to grant five extra marks for the first time candidates taking police
exam and also decided to give 10 percent extra marks to widows, orphans and people
from denotified tribes, besides those who do not have an immediate family member in
any government job.
The cabinet also approved the amendment in Haryana Development and Panchayats
Department (Group C) Field Officers Rules, 2012. As per this amendment, the
educational qualification for the post of ‘gram sachiv’ (village assistant) changed from
matriculation to graduation.
About Haryana:
Capital: Chandigarh
Governor: Satyadev Narayan Arya
Chief minister: Manohar Lal Khattar
27. Madya Pradesh Cabinet passed a resolution to increase reservation for OBCs to
27%.
On June 3, 2019, The Cabinet of Madya Pradesh (MP) State Government passed the
resolution to increase the reservation quota for OBC (Other Backward Class) from the
current 14 percent to 27 Percent. The resolution will be taken in the monsoon session of
the state assembly.
Increase reservation for OBCs to 27% (Key points):
If this resolution implemented, Madhya Pradesh will become the only state in the country
to have a 27 percent quota for OBCs.
The move will breach the 50% cap set by the Supreme Court in the Indra Sawhney case
judgment by reaching to 63%. The MP government passed an Ordinance on March 9 to
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implement the quota. However, the Madhya Pradesh High Court had stayed the
Ordinance on March 19.
In another decision, the state Cabinet has also hiked the dearness allowance (DA) by 3%
for employees and pensioners. Now, they will get 12% DA equal to the central
government. It will cost the state exchequer Rs 1,647 crore.
About Madya Pradesh:
Capital: Bhopal
Chief minister: Kamal Nath
Governor: Anandiben Patel
Districts: 52
28. Justice Prashant Kumar Appointed as Acting Chief Justice Jharkhand High Court.
Justice Prashant Kumar, judge of Jharkhand High Court, is appointed as the Acting Chief
Justice of the Jharkhand High Court following the appointment of the present Acting
Chief Justice Dhirubhai Naranbhai Patel as the Chief Justice of Delhi High Court.
The appointment has been made by Article 223 of the Constitution of India.
The former Chief Justice of Jharkhand HC Aniruddha Bose was appointed as Supreme
Court judge on May 22.
About Jharkhand:
♦ Capital – Ranchi
♦ Chief Minister – Raghubar Das
♦ Governor – Draupadi Murmu
29. Haryana Govt Withdraws EPBG Quota for accommodating EWS reservations.
Haryana government has issued an order to withdraw Economically Backward Persons in General
Caste Category (EBPG) reservation since Economically Weaker Sections reservation (EWS)
came into effect. EWS comes under Constitution 124th Amendment Bill, 2019 passed by the
parliament to allow 10% reservation for economically backward sections in the general category
in government jobs and academic institutions in January
About Haryana:
♦ Capital – Chandigarh
♦ Chief Minister – Manohar Lal Khattar
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♦ Governor – Satyadev Narayan Arya
30. Uttarakhand’s minister for parliamentary affairs and finance Prakash Pant passed away.
Uttarakhand minister Prakash Pant passed away at the age of 58 in the US where he was taking
treatment for cancer.
He is from Pithoragarh. Pant handed over his portfolios to Chief Minister of Uttarakhand,
Trivendra Singh Rawat, before leaving to the United States.
About Uttarkhand:
♦ Capital – Dehradun
♦ Chief Minister – Trivendra Singh Rawat
♦ Governor – Baby Rani Maurya
31. Justice Dhirubhai Naranbhai Patel sworn in as Chief Justice Of Delhi High Court.
On 7th June 2019, Justice Dhirubhai Naranbhai Patel, sworn in as Chief Justice of the
Delhi High Court.His oath of ceremony is administered by lieutenant governor of Delhi,
Anil Baijal.
KeyPoints:
He Succeeded Justice Rajendra Menon, who retired after 2 decades of service.
He was recommended by Supreme Court Collegium for the appointment as Chief Justice
of the Delhi High Court.
His working experience:
He enrolled as an advocate and practiced at the high court of Gujarat where he was
appointed as a Special Counsel of the state of Gujarat in other high courts and then
elevated as an Additional Judge of the Gujarat High Court on March 7, 2004
After that he worked in Jharkhand High Court.
About New Delhi:
Chief Minister – Arvind Kejriwal
Governor – Anil Baijal
32. Andhra Pradesh CM appoints 5 Deputy CMs in Cabinet.
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Andhra Pradesh Chief Minister(CM) Jagan Mohan Reddy appointed 5 Deputy CMs in a
full 25-member Cabinet,one each from Scheduled Caste (SC), Scheduled Tribe (ST),
Backward Classes (BC), Minority and Kapu communities.
The 5 Deputy CMs- Pamula Pushpa Sreevani, Pilli Subhash Chandra Bose, Alla Kali
Krishna Srinivas, L Narayana Swamy and AmzathBashatook oath at a ceremony held
near the State Secretariat in Velagapudi, Amravati on June 8,
Andhra Pradesh Chief Minister (CM) Y S Jaganmohan Reddy permitted the Central
Bureau of Investigation (CBI) to enter the state without seeking general consent from the
state government.
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International
33. Indians ranked 2nd among Bleisure Travelers Globally as per the study of
Booking.com.
Indians were ranked 2nd among Bleisure Travelers across 31 countries as per the study of
Booking.com. In 2018, 72% of Indian travelers extended their business trips. Bleisure is a
new trend which means business and leisure trips.
Thai travelers were ranked 1st with 80%.
34. India ranked 95th in 129 countries in new Gender Equality Index.
India was ranked 95th among 129 countries in new SDG (Sustainable Development
Goals) Gender Equality Index with 56.2 scores.
The gender gap index of the World Economic Forum had ranked India with 108.
Top 10 Countries:
Rank Country Score
1. Denmark 89.3
2. Finland 88.8
3. Sweden 88.0
4. Norway 87.7
5. Netherlands 86.8
6. Slovenia 86.5
7. Germany 86.2
8. Canada 85.8
9. Ireland 85.4
10. Australia 85.2
35. 14th OIC summit held in Mecca, Saudi Arabia.
14th Islamic Summit organized by Organization of Islamic Cooperation (OIC) summit
was held in Mecca, Saudi Arabia. It was hosted by Saudi King Salman bin Abdul Aziz Al
Saud.
The summit, titled as “Mecca Summit: Together for the Future”, aimed at developing a
unified stance on events in the Islamic world.
OIC appointed Yousef Aldobeay as its special envoy for Jammu & Kashmir.
36. QUAD (Quadrilateral Security Dialogue) held at Bangkok.
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The fourth Quadrilateral Security Dialogue (QUAD) meeting was recently held in
Bangkok, Thailand.
It is an informal strategic dialogue between the group of four countries – the United
States, India, Japan, and Australia. It was attended by senior officials of QUAD member
countries.
Key Highlights:
Countries held a consultation on their collaborative efforts to advance a “free, open and
inclusive Indo-Pacific region”, maritime security and good governance and also
discussed the initiatives taken by each country to encourage transparent, principles-based
investment in quality infrastructure.
Meeting participants assured their support for ASEAN centrality and ASEAN-led
regional architecture.
They also reassured their shared commitment to preserving and promoting the rules-
based order in the Indo-pacific region
About Quad:
It was originally initiated in 2007 by Prime Minister Shinzo Abe of Japan but later disbanded
after withdrawal of Australia. However, it was revived again in 2017 in response to increased
Chinese economic and military power.
37. First UAE Permanent Residency issued in Abu Dhabi.
Federal Authority for Identity and Citizenship (ICA) Of UAE has issued the first
permanent residency – Golden Card, in Abu Dhabi as a part of Investors Permanent
Residence System implemented under the UAE Cabinet’s Resolution No. 56 for 2018.
It aims to attract investors, exporters, and students who meet their criteria.
First UAE Permanent Residency issued
Key points:
i. The first Golden card was given to UAE-based businessman, LuLu Group chairman
M.A. Yusuffali. He has a net worth of $4.7 billion and ranked as the richest person in
UAE by Forbes.
ii. Brigadier Saeed Salem Al Shamsi, Executive Director of the General Directorate of
Residency and Foreigners Affairs in Abu Dhabi, awarded the first permit.
iii. UAE has also announced that about 6800 investors with 100 billion Dirhams worth of
investment will be provided with Golden Card in the first batch.
About UAE:
♦ Capital – Abu Dhabi
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♦ Currency – United Arab Emirates dirhams
♦ President – Khalifa bin Zayed Al Nahyan
♦ Prime Minister – Sheikh Mohammed bin Rashid Al Maktoum
38. Social Media Profiles to be included in U.S visa application.
According to a new immigration rule in US, the visa applicants are now required to provide social
media details dated back to five years from the application date, to enhance the screening process
of the applicants and ensure national security.
This affects nearly 15 million people per year.
Key points:
The data required under the new rule include social media profiles links, phone numbers, email
IDs for the past five years.
Previously, social media information was required only for persons who have visited countries
with terrorism. Now it is mandatory for all visa application including immigrant form DS-260
and non-immigrant form DS-160.
If in any case, the applicants are not using social media they can say no but will face serious
consequences if found to be a lie.
About USA:
♦ Capital – Washington, D.C.
♦ Currency – United States Dollar
♦ President – Donald Trump
39. Mumbai ranked most congested city in the world, Delhi ranked 4th: Traffic Index
2018.
On June 5, 2019, The recent study “Traffic Index 2018”, analysis of the current status of
traffic mobility was conducted by location technology specialist TomTom.
World-traffic-index-2018Key findings:
According to the findings, Mumbai is the most traffic-congested city among 403 cities in
56 countries with a congestion level of 65 percent, while New Delhi ranked fourth with
congestion of 58 percent.
The other top cities in the list of congested cities are Bogota (63 percent), Lima in Peru
(58 percent), Moscow in Russia(56 Percent), Brussels (37 Percent), London (37 Percent)
and Paris (36 percent).
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Top five most congested North American are in the list are Mexico City (52 per cent),
Los Angeles (41 per cent), Vancouver (38 per cent), New York (36 per cent) and San
Francisco (34 per cent).
40. Estonia, Niger, St. Vincent and the Grenadines, Tunisia, Vietnam elected to UNSC
as Non-permanent Members.
On June 7, 2019, Estonia, Niger, St. Vincent, and the Grenadines, Tunisia, and Vietnam
are elected to United Nations Security Council (UNSC) as Non-permanent Members for a
2-year term beginning January 1,
The United Nations General Assembly (UNGA) had held elections for 5 non-permanent
members of the Security Council in the General Assembly hall. UNGA has 193
The Security Council has 15 members – 5 permanent members namely China, France,
Russian Federation, the United Kingdom& the United States and 10 non-permanent
members who are elected for two-year terms by the General Assembly.
At present, 10 non-permanent members are Belgium, Cte d’Ivoire, Dominican Republic,
Equatorial Guinea, Germany, Indonesia, Kuwait, Peru, Poland and South Africa.
41. World’s most punctual airline tag won by Srilankan Airlines.
Sri Lanka’s state-run Srilankan Airlines has been named the world’s most punctual
airline by flight data analysis company Flightstats.com.
An extraordinary 5 percent of SriLankan Airlines’ flights were on time according to an
analysis by Flight stats.
Key highlights:
This is the second consecutive time in less than 12 months that Sri Lankan has achieved
this milestone.
Earlier it was won the tag in September 2018 with the punctuality rating of 37 percent.
LATAM Airlines was in second place with 38,202 All Nippon Airways was in third
place with 29,536 flights. 8th was Singapore Airlines with 7,987 flights. Emirates was in
10th place with 12,615 flights.
About SriLankan Airlines
CEO: Vipula Gunatilleka
Hub: Bandaranaike International Airport
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Banking & Finance
42. As per RBI, Bank frauds reached unprecedented Rs 71,500 crore in 2018-19.
The Reserve Bank of India(RBI) has reported that bank frauds have been reached to Rs 71,500
crore in 2018-19 with over 6,800 In 2017-18, 5,916 cases were reported by banks which involved
Rs 41,167.03 crore.
RBI’s data reported that in the last 11 fiscal years, 53,334 cases of fraud were reported by banks
involving the amount of Rs 05 lakh crore.
43. RBI initiated Financial Literacy Week from June 3-7, 2019.
The Reserve Bank of India (RBI) has initiated Financial Literacy (FL) Week from June 3-7, The
theme of the event is “Farmers” and how they benefit by being a part of the formal banking
system.
Financial Literacy Week is an initiative of RBI to promote awareness about financial products
and services, good financial practices, going digital and consumer protection..
Key Points:
The booklet FAME (Financial Awareness Messages) provides basic financial literacy messages
for the information of general public.
Financial literacy content for five target groups’ viz. Farmers, Small entrepreneurs, School
children, Self Help Groups and Senior Citizens that can be used by the trainers in financial
literacy programmes was developed by RBI.
Three Audio Visuals viz, “Basic Financial Literacy”, “Unified Payments Interface” and “Going
Digital” was also designed for the benefit of general public.
Two Posters, “UPI (Unified Payment Interface)” and “*99# (Unstructured Supplementary Service
Data)” explain the concept of digital payments space.
Pictorial booklets describing savings and banking concepts was published under the title ‘Raju’
and the role and functions of the Reserve Bank was explained under the title ‘Money Kumar’ .
About RBI:
♦ Headquarters: Mumbai
♦ Governor: Shaktikanta Das
♦ Deputy Governors: BP Kanungo, N S Vishwanathan, Viral Acharya, and Mahesh Kumar Jain
44. Prices of SGBs for 2019-20 fixed at Rs 3,196 per gram.
The Government has fixed the price of Sovereign Gold Bonds (SGBs)-Series I for 2019-20 at Rs
3,196 per gram with settlement date June 11, They will be opened for subscription from June 03
to June 07, 2019.
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Key Points:
In consultation with RBI, the Government has decided to allow a discount of Rs 50 per gram
from the issue price to those investors who apply online and the payment is made through digital
mode. To them, the issue price is Rs 3,146 per gram of gold.
RBI has published a calendar for issuance of SGBs for the first half of the current financial year.
SGBs will be issued every month from June 2019 to September 2019.
About SGBs:
It was launched in November 2015 with an objective to reduce the demand for physical gold and
to shift a part of the domestic savings used for the purchase of gold into financial savings. They
are denominated in units of one gram of gold and multiples thereof. The minimum investment in
the bonds is 1 gram with a maximum limit of subscription of 500 gram per person per fiscal year
(April-March). Maximum limit of subscription is 4 kg for Individuals & Hindu Undivided
Family (HUF) and 20 kg for trusts and similar entities per fiscal. The annual ceiling will include
bonds subscribed under different tranches during initial issuance by the government and those
purchased from the Secondary Market.
45. Nilekani-led committee recommended 24×7 RTGS & NEFT, elimination of all
charges.
The Reserve Bank of India(RBI) appointed 5-member panel led by Nandan Nilekani
recommended measures like 24×7 Real-Time Gross Settlement (RTGS) and National
Electronic Funds Transfer (NEFT) facility, duty-free import of Point-of-sales(POS)
machines and elimination of all charges in order to promote digital payments in India.
Policy recommendations were made to all major regulators such as RBI, Securities and
Exchange Board of India (SEBI) , Insurance Regulatory and Development Authority of
India (IRDAI) and Department of Telecommunications (DoT) with the objective to
reduce cash based payments.
46. RBI amended its norms on banks’ exposure to large borrowers.
The Reserve Bank of India (RBI) amended its norms on banks’ exposure to large
borrowers with a view to reduce the concentration of risk and align them with the global
norms.
It will help in lending to Non-Banking Financial Companies (NBFC) in an effective way
and invite scrutiny on the structure of these entities.
Key Points:
The modified ‘Large Exposures Framework’ (LEF) provides exclusion of entities
connected with the sovereign from the definition of a group of connected counterparties.
As per the revised norms, the sum of all the exposure values of a bank to a single
counter-party should not be greater than 20% of the bank’s available eligible capital base
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at all times. In exceptional cases, the board of banks is allowed an additional 5%
exposure to the bank’s available eligible capital base.
With regards to connected counter-parties, the sum of all the exposure values of a bank to
a group of connected counter-parties should not be greater than 25% of the bank’s
available eligible capital base at all times
Under the LE Framework, exposure to a counter-party includes on and off-balance sheet
exposures included in either the banking or trading book and instruments with counter-
party credit risk.
On exposures to NBFCs, the banks’ exposures to a single NBFC are restricted to 15% of
their eligible capital base.
About Reserve Bank of India:
♦ Headquarters: Mumbai
♦ Governor: Shaktikanta Das
♦ Subsidiary: National Housing Bank
47. Tamil Nadu Gets $287 Mn Loan From World Bank For The State’s Health System
Reform Programme.
On June 4, 2019, The Government of India, Tamil Nadu, and the World Bank signed a
$287 million loan agreement for the state’s Health System Reform Programme in New
Delhi. It is aimed to improve the quality of health care, reduce the burden of non-
communicable diseases (NCDs) and fill equity gaps in reproductive and child health
services.
The agreement for the Project was signed by Sameer Kumar Khare, Additional Secretary,
Department of Economic Affairs, Ministry of Finance, on behalf of the Government of
India, Beela Rajesh, Secretary, Health and Family Welfare Department, on behalf of the
Government of Tamil Nadu and Hisham Abdo, Acting Country Director, World Bank
India, on behalf of the World Bank.
48. RBI formed panel led by Nandan Nilekani recommended to rope in local retailers to
act as cash points.
The Reserve bank of India(RBI) formed panel led by Nandan Nilekani has recommended
to rope in local retailers and business correspondents to act as cash points in semi-urban
centers.
These will act as the primary source of cash in semi-urban centers and will replace ATMs
(Automated Teller Machines).
Key Points:
The Committee proposed the Cash In Cash Out (CICO) network. It is a network of cash
disbursement points where a customer can seamlessly convert digital money to physical
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cash using interoperable mechanisms such as QR code and Aadhaar-enabled payment
channels.
This model will help in the accomplishment of New Delhi’s vision of a digitally-driven
cashless economy.
As per the committee, the ease of converting digital credit to physical money plays a
major role in the next step towards financial inclusion.
As per the RBI’s data, in last one year, 30 of the 49 banks have reduced nearly 1000
active ATMs and they have on-boarded nearly 6.4 lakh new Point-Of-Sale(PoS) retailers.
It has recommended the banks to make Merchant Discount Rates (MDR) more
competitive by making the pricing mechanism market-led against the fixed system.
About RBI:
♦ Headquarters: Mumbai
♦ Governor: Shaktikanta Das
♦ Deputy Governors: BP Kanungo, N S Vishwanathan, Viral Acharya, and Mahesh Kumar Jain
49. An educational Programme “Digital Sakhi” Launched by L&T Financial services in
Tamilnadu.
A non-banking financial institution L&T Finance Services Ltd. (Larsen & Toubro
Financial Services) recently launched “Digital Sakhi”, an educational program aimed at
financial inclusion of rural women in Villupuram District, Tamilnadu.
Digital Sakhi (Key points):
This initiative comes after the successful implementation of a similar program in
Maharashtra, Odisha and Madya Pradesh.
LTFS (L&T Finance Services Ltd. ) in association with Sri Aurobindo Society, will train
40,000 people in using digital modes of payment.
50. ICICI Bank launches center in Bengaluru exclusive for MSME.
Industrial Credit and Investment Corporation of India (ICICI) launched a dedicated
center in Bengaluru to provide hazel free services to small business owners and startups.
Sandeep Batra, Executive Director, ICICI Bank along with Mr. Viral Rupani, Retail
Business Head – South, ICICI Bank inaugurated the center.
ICICI Bank (Key points):
The center provides various services which include working capital loans of up to Rs. 20
crore, business loans (based on GST returns) of up to Rs. 1 crore, instant overdraft
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facility of up to Rs. 15 lakh, extensive trade solutions and cash management services, and
others.
The center also provides legal and valuation desk to help customers in resolving
challenges related to collateral for various loans.
About ICICI:
♦ Head quarters – Mumbai
♦ Tag line – Hum Hai Na, Khayal Apka
♦ CEO – Sandeep Bakhshi
51. Second Bi-Monthly Monetary Policy Of RBI 2019-20.
The Reserve Bank of India (RBI) announced its second Bi-Monthly Monetary Policy
Rates for 2019-20 in Mumbai on June 6, 2019.
The three-day policy review meeting by the six members of Monetary Policy Committee
(MPC) was headed by RBI Governor Shaktikanta Das with the members Dr Chetan
Ghate, Dr Pami Dua, Dr Ravindra H. Dholakia, Dr Michael Debabrata Patra, Dr Viral V
Acharya.
Bi-monthly Monetary Policy
Highlights of the meeting:
In a rare 6-0 majority, Repo rate was reduced by 25 bps under the liquidity adjustment facility
(LAF) to 5.75 percent for third time in a row. It fell below 6% for the first time in 9 years since
September 2010.
Current Policy rates:
Repo Rate 5.75%
Reserve Repo
5.50
Rate
Marginal
Standing
6.0%
Facility(MSF)
Rate
Bank Rate 6.0%
52. RBI Releases Report On Benchmarking India’s Payment Systems.
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On June 4, 2019, The Reserve Bank of India (RBI) released a report on “Benchmarking
India’s Payment Systems”. It provides a comparative position of the payment system
ecosystem in India.
Key Points:
RBI had undertaken an exercise of benchmarking India’s Payment’s system compared to the
payment systems of advanced economies, Asian economies and the BRICS nations.
The analysis was conducted under 41 indicators. It covered 21 broad areas including regulation,
oversight, payment systems, payment instruments, payment infrastructure, utility payments,
Government payments, customer protection and grievance redressal, securities settlement and
clearing systems and cross border personal remittances.
53. RBI removed charges for RTGS and NEFT transactions.
The Reserve Bank of India(RBI) has removed the charges levied on Real Time Gross
Settlement (RTGS) and National Electronic Funds Transfer (NEFT) transactions to boost
digital payments.
Key Points:
At present, the banks levy minimum charges for transactions done through RTGS system
for large-value (Rs 2 lakh and above) instantaneous fund transfers and NEFT System for
other fund transfers (below Rs 2 lakh).
The RBI has decided to set up a committee headed by Chief Executive Officer(CEO) of
Indian Banks Association(IBA), V.G. Kannan, to examine the scope of Automated Teller
Machines(ATM) charges and fees. The committee is supposed to submit its
recommendations within two months of its first meeting and the composition & terms of
reference will be issued within a week.
About RTGS:
RTGS is the continuous (real-time) settlement of funds transfers individually on an order by
order basis (without netting). ‘Real Time’ means the processing of instructions at the time they
are received rather than at some later time; ‘Gross Settlement’ means the settlement of funds
transfer instructions occurs individually. The minimum amount to be remitted through RTGS is
Rs 2 lakh. There is no upper ceiling for RTGS transactions.
About NEFT:
Under this Scheme, individuals, firms and corporates can electronically transfer funds from any
bank branch to any individual, firm or corporate having an account with any other bank branch
in the country participating in the Scheme.
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As per the RBI website, the structure of charges that can be levied on the customer for NEFT is
given below:
♦ Inward transactions at destination bank branches (for credit to beneficiary accounts): Free, no
charges to be levied on beneficiaries
♦ Outward transactions at originating bank branches – charges applicable for the remitter
For transactions up to Rs 10,000 : not exceeding Rs 2.50 (+ Applicable GST)
For transactions above Rs 10,000 up to Rs 1 lakh: not exceeding Rs 5 (+ Applicable
GST)
For transactions above Rs 1 lakh and up to Rs 2 lakhs: not exceeding Rs 15 (+ Applicable
GST)
For transactions above Rs 2 lakhs: not exceeding Rs 25 (+ Applicable GST)
54. Ashok Leyland partnered with Suryoday Small Finance Bank for vehicle loans.
On June 4, 2019, Ashok Leyland, Hinduja Group flagship firm, partnered with Suryoday
Small Finance Bank to provide vehicle loans.
Key Points:
Under this partnership, Suryoday Small Finance Bank will provide end-to-end financial
solutions to the customers of Ashok Leyland for auto loans across India.
The strategic financing partnership agreement was signed for 3 years.
55. RBI Issued Fresh Prudential Framework For Resolution Of Stressed Assets.
The Reserve Bank of India (RBI) has issued new NPA guidelines “Prudential framework for
resolution of stressed assets” to deal with bad loans, as the previous circular that was issued by
RBI on Feb 12, 2019 rejected by Supreme Court.
The new framework will replace the all the previous models. The directions have been issued in
terms of the provisions of Section 35AA of the Banking Regulation Act, 1949, for initiation of
insolvency proceedings against specific borrowers under the Insolvency and Bankruptcy Code,
2016 (IBC).
RBI has mandated the lenders to review the accounts within 30 days of default and initiate a
resolution plan or Insolvency and Bankruptcy Code (IBC) process before the default, in
comparison to the Feb 12 circular which stated to initiate resolution or restructuring of loans even
if the default was recorded for a single day.
56. Bajaj Finserv &Motherhood hospitals ink partnership to provide Life care finance facility.
On June 4,2019, Indian financial services company Bajaj Finserv inked partnership with
Motherhood hospitals, a national network of women &child hospital to provide Life care finance
facility.
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Key points:
Through this partnership, patients at all motherhood hospitals can avail Life Care Finance (LCF)
from Bajaj Finserv that converts their medical bills into an EMI loan without interest.
The hospital also offers an EMI financing option to patients for pregnancy care, fertility care;
gynaecology, advanced laparoscopy surgery, neonatology, pediatrics, fetal medicine,
cosmetology and radiology.
About Bajaj Finserv
Headquarters: Pune
Parent: Bajaj Holdings & Investments Limited
Founder: Jamnalal Bajaj
About Motherhood hospitals
Motherhood is a speciality hospital chain that provides comprehensive women & child care.
it has a national network of 12 hospitals located in seven cities. They are in Bengaluru
(Indiranagar, Sarjapur Road, Hebbal, HRBR Layout, Banashankari), Chennai (Alwarpet), Pune
(Kharadi), Mumbai (Kharghar), Coimbatore, Indore and Kolkata.
57. Fincare SFB, Kookmin Bank added in second schedule of RBI Act.
Fincare Small Finance Bank and Kookmin Bank have been included in the second schedule of the
Reserve Bank of India Act, 1934. Both banks can now broad-base its lines of funding and
liquidity facilities.
They can issue certificates of deposits and get access to interbank borrowings at competitive
interest rates.
They can also get deposits from new sources such as governments, public sector undertakings,
corporates, mutual funds, insurance companies and other market participants.
Fincare SFB, earlier Disha Microfin, was one of the 10 entities to receive the Small Finance Bank
licence from the RBI in September 2015 and commenced banking operations in July 2017.
About Kookmin Bank:
Headquarters: Seoul, South Korea
CEO – Hur Yin
About Fincare SFB:
MD & CEO – Rajeev Yadav
Headquarters – Bengaluru
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