Current Affairs

22 June, 2020

International

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. The fund will be provided to India through the AFD, French Development Agency (Agence Française de Développement).
About AFD:
President of the Board– Laurence Tubiana
Director General– Rémy Rioux
Headquarters– Paris, France

India Attend 32nd Virtual EAG Plenary Meeting 2020 Chaired by EAG Chairman Mr. Yury Chikhanchin

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).

National

Odisha celebrates Raja Parba – Festival 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. On this day people celebrate menstruation and womanhood, based on the belief that mother earth menstruates for three days which is considered as a sign of fertility.

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.

Economy

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.
ii.The agreement was signed by Tarun Sharma, General Manager, EXIM bank & José Adrián Chavarria, General Vice minister, Ministry of Finance and Public Credit, Government of Nicaragua

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

The Reserve Bank of India (RBI) raised the withdrawal limit from Punjab and Maharashtra Cooperative (PMC) Bank to Rs 1 lakh from Rs 50,000 but extended the moratorium on the bank for another six months.
ii.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

Sports

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Miscellaneous

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). He will start his 4year tenure on 22nd June 2020 succeeding Vijay Laxman Kelkar, former chairman of NIPFP.

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.

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). He will start his 4year tenure on 22nd June 2020 succeeding Vijay Laxman Kelkar, former chairman of NIPFP.

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