World’s largest Multilateral Naval Exercise RIMPAC begins
The world’s largest multilateral naval exercise RIMPAC (the Rim of the Pacific Exercise) has begun off Hawaii in the Western Pacific Ocean.
The two-month long biennial exercise is likely to be attended by navies of 26 countries including India.
Around 25,000 naval personnel and 52 ships and submarines are participating in this year’s Rim of the Pacific (RIMPAC) exercise.
India’s participation in the exercise provides a platform for increased interoperability and development of a common understanding of procedures for maritime security operations
RIMPAC is hosted and administered by the United States Navy’s Pacific Fleet, headquartered at Pearl Harbor, in conjunction with Hawaii National Guard forces.
27th June: Micro-, Small and Medium-sized Enterprises Day
The UN Micro, Small and Medium-sized Enterprises (MSME) Day is observed every year on 27th June to recognize the importance of MSME in achieving sustainable development goals and in promoting innovation, creativity and sustainable work for all.
The Government of India (GoI) has also organized a National Conclave (Udyam Sangam) to encourage dialogue and partnership among various stakeholders of the MSME ecosystem.
British Queen approves Brexit law that will end membership of EU
Britain’s Queen Elizabeth grants royal assent to Prime Minister Theresa May’s flagship Brexit legislation, formally end the country’s European Union membership.
The EU withdrawal bill (passed by both houses of parliament last week) has been signed into law by the monarch, to cheers from Conservative lawmakers.
The EU (Withdrawal) Bill repeals the 1972 European Communities Act through which Britain became a member, and transfers decades of European law onto British statute books in a bid to avoid any legal disruption.
AIIB’s 4th Annual Meeting 2019 in Luxembourg
The Asian Infrastructure Investment Bank (AIIB)’s fourth Annual Meeting will be held in Luxembourg in July 2019.
Luxembourg is a founding member of AIIB as well as a leading international financial centre and facilitator of investments between Europe and Asia.
The first AIIB Board of Governors meeting was held in Beijing in 2016, followed by Jeju, South Korea in 2017 and the third in Mumbai.
UAE to hold first-ever ‘World Tolerance Summit’
The landmark “World Tolerance Summit” (WTS) will be held in Dubai (United Arab of Emirates) from 15-16 November this year.
The theme of the summit is “Prospering from Pluralism: Embracing Diversity through Innovation and Collaboration”.
Around 1,000 government leaders including diplomats, youth representatives and media influencers from all over the world will attend the summit.
India Is World’s Most Dangerous Country For Women, US At 10th
India ranked no. 1 on the list due to the high risk of sexual violence and being forced into slave labor, according to the poll.
War-torn Afghanistan and Syria ranked second and third, followed by Somalia and Saudi Arabia.
The survey is taken by global experts by the Thomson Reuters Foundation.
India the most dangerous country for women in terms of human trafficking, including sex slavery and domestic servitude, and for customary practices such as forced marriage, stoning and female infanticide. The only western nation to figure in the poll of 550 experts is the United States, which ranked tenth.
Sushma Swaraj launches Passport Seva app
The union External Affairs Minister ‘Sushma Swaraj’ has launched Mobile Passport Application ‘mPassport Seva App’ on Passport Seva Divas (6th) in New Delhi.
Now, Indian citizens can apply for a passport from any part of the country without computer and printer.
Police verification will be done on the address (provided by the applicant on the app) and passport will be dispatched to the same address.
According to Sushma Swaraj, there are 260 working passport centres, which will be expanded to all Lok Sabha constituencies in future.
Heads of 11 banks to appear before Parliamentary Panel to appraise on the bad loan
The Heads of eleven public sector banks (IDBI, UCO, Corporation and Allahabad Bank, Central Bank of India, BOI, Indian Overseas Bank, Dena Bank, Oriental Bank of Commerce, Bank of Maharashtra and United Bank) appeared before the Standing Committee of Parliament on Finance in New Delhi.
They will appraise the committee of the bad loan issues and rising fraud cases in the banks.
The panel is headed by Congress leader M Veerappa Moily.
President Ram Nath Kovind launches Solar Charkha Mission
President Ram Nath Kovind has launched ‘Solar Charkha Mission’ which will entail a subsidy of 550 crore rupees in the initial two years for 50 clusters.
The scheme is aimed at linking five crore women and self-help groups to the initiative.
Ministry of Micro Small & Medium Enterprises (MSME) has provided training to over 15 lakh people over the past four years through its various initiatives and empower the people.
Godikan village panchayat of Haryana passed “No Toilet, No Bride” resolution
Haryana’s little-known ‘Godikan village panchayat’ has passed a ‘No Toilet No Bride’ resolution to ensure the safety and well-being of its womenfolk.
Godikan has been already declared an Outdoor Defecation Free (ODF) panchayat.
Now, the Godikan panchayat has become the first panchayat in the country to marry off girls only to families who have a toilet in their house.
11.India is no longer the country with the largest number of people living in extreme poverty
As per the latest World Poverty Clock study compiled by Brookings Institute, The dislodging of India from the ignominious number one position is a feat that took over fifty years to achieve.
Definition: The study defines poverty as living on less than $1.9 a day
India has finally shed the dubious distinction of being home to the largest number of poor, with Nigeria taking that unwanted position in May 2018.
Nigeria had about 87 million people in extreme poverty, compared with India’s 73 million. What is more, extreme poverty in Nigeria is growing by six people every minute.
About 44 Indians come out of extreme poverty every minute, one of the fastest rates of poverty reduction in the world. If present trends continue, India could drop to No. 3 later this year, with the Democratic Republic of the Congo taking the number 2 spot.
According to the World Bank, between 2004 and 2011 poverty declined in India from 38.9% of the population to 21.2% (2011 purchasing power parity at $1.9 per person per day).
Books & Authors
Vice President launches the book “Human Rights, Values and Cultural Ethos”
Vice President M Venkata Naidu releases the book “Human Rights, Values and Cultural Ethos” in New Delhi
The book is a collection of essays and lectures written by Dr. R.P. Dhokalia.
SEBI is a statutory regulator for securities market in India established in 1988.
SEBI is responsive to needs of three groups, which constitute a market, issuers of securities, investors and market intermediaries.
”Thought of the Day”
“Anger blows out the candle of the mind.”