Daily Current Affairs | 18th & 19th June 2020
Formal Jobs in India Increases by 28.6% to 78.58 Lakh in 2019-20: EPFO
According to the payroll data of EPFO (Employees’ Provident Fund Organisation), the formal employment in India saw an 28.6 % increase at 78.58 lakh in 2019-20 as compared to only 61.12 lakh added in 2018-19.
India elected for 8th term as non-permanent member of UN Security Council for 2021 & 2022; will hold presidency in August, 2021
India was elected unopposed for a 8th term as a non-permanent member of the United Nations Security Council (UNSC) for two years (2021 & 2022) starting January 2021 by gaining 184 votes in the 193-member General Assembly.
India was the only candidate for the lone seat from the Asia-Pacific category & India will hold the Presidency of the council in August 2021.
BANKING & FINANCE
RBI Proposes New Rules for Housing Finance Companies; Increases Min NOF to Rs 20cr
RBI being a new regulator of housing finance companies (HFCs) has proposed changes to be prescribed for HFCs with an aim to increase their efficiency and address concerns of liquidity and double financing.
Non-deposit (ND) taking HFCs (HFC-ND) with asset size of Rs 500 crore & above; and all deposits taking HFCs (HFC-D), irrespective of asset size, will be treated as systemically important HFCs.
SEBI amends SEBI (SAST) Regulations, 2011 to enhance promoter’s shareholding
After exercising the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the board of SEBI has amended the regulation 3, in sub-regulation (2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI-SAST) to enhance the acquisition limit for promoters of a listed company.
ICICI Home Finance Launches SARAL, Affordable Housing Loan Scheme
ICICI Home Finance Company Limited(HFC) launched SARAL, a special affordable housing loan scheme to finance homes in urban and rural areas.
The beneficiaries are women, lower, middle income customers and economically weaker sections, with a maximum household income up to Rs 6 lakh per annum.
About ICICI HFC:
Headquarters– Mumbai, Maharashtra
Chairman– Anup Bagchi
Managing Director(MD) & Chief Executive Officer(CEO)– Anirudh Kamani
Karnataka Bank Launches Health Insurance Policy to Cover COVID-19 in Partnership with Universal Sompo General Insurance Company
Karnataka Bank in partnership with Universal Sompo General Insurance Company has launched a health insurance policy.
Bank of Baroda to Fully Digitize Lending Operations
Bank of Baroda, India’s 3rd largest lender to fully digitise its lending operations including home, agriculture, Micro, Small and Medium Enterprises(MSME), personal and auto loans.
APPOINTMENTS & RESIGNATIONS
Volkan Bozkir Becomes the 1st Turkish to be Elected as the President of 75th UN General Assembly
Volkan Bozkir(69) from Turkey was elected as the president of the 75th United Nations(UN) General Assembly. He is the 1st turkish to hold this post.
About 75th session of UN General Assembly:
Date– September 15, 2020 to September 30, 2020
Location– New York, United States
Organiser– UN Secretariat
About UN General Assembly:
Headquarters– New York, United States
Kubatbek Boronov Appointed as Kyrgyzstan’s Prime Minister
Kubatbek Boronov(55) was appointed as Kyrgyzstan’s Prime Minister. Kyrgyzstan’s President Sooronbai Jeenbekov signed an order to appoint him. He succeeded Mukhammedkalyi Abylgaziyev who resigned on June 15 following accusations of corruption.
Currency– Kyrgyzstani Som
SCIENCE & TECHNOLOGY
NASA Scientists Observe Bose-Einstein Quantum “Fifth State of Matter” in Space For The First Time
According to the research published in the journal Nature, a team of scientists at NASA (National Aeronautics and Space Administration)’s Cold Atom Lab (CAL), have found for the first time in space the evidence of ‘Fifth State of Matter’ (also known as Bose-Einstein condensates (BEC).
This special state of matter occurs when the atoms of some elements are cooled to absolute zero (0 Kelvin or -273.15 ° C).
About NASA (National Aeronautics and Space Administration):
Headquarters– Washington, D.C., United States
Administrator– Jim Bridenstine
Thought of the Day.
Living in a small town snuggled in the base of the Rockies, I was surrounded by both the immeasurable beauty of nature and the unforgiving wreckage of addiction