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India’s GDP to shrink by 4% (means -4%) fiscal 2020-21: ADB

June 18, 2020
GDP
  • India’s economy will shrink by 4% in the financial year 2020 as against an increment of 4% projected in its April outlook, the Asian Development Banks stated in its supplement report on 18th June while also cutting the growth forecast for India for 2021 to 5% compared to 6.2% projected in April.

1971 War Hero Lt General Raj Mohan Vohra passed away due to COVID-19

June 18, 2020
Lt General Raj Mohan Vohra
  • Lieutenant General (retd) Raj Mohan Vohra, who was a 1971 war hero and a Maha Vir Chakra awardee, has passed away because of COVID-19.

International Picnic Day is observed on 18 June

June 18, 2020
International Picnic Day
  • International Picnic Day is celebrated on June 18, every year. It is a day to inspire people to go outdoors and relish a hearty meal in nature, with other people’s company. In the early days, people used to go on a picnic as a break from their daily lives.

Reliance sells 2.32% stake in Jio to Saudi wealth fund PIF for Rs 11,367 cr

June 18, 2020
Reliance
  • Saudi Arabia’s PIF, one of the world’s largest sovereign wealth funds, will invest Rs 11,367 crore for 2.32 percent of Jio Platforms, a well-known eleventh investment in the Reliance Industries Limited (RIL) digital unit in nine weeks.

Sebi panel recommends measures to strengthen enforcement, recovery mechanism

June 18, 2020
SEBI
  • A Sebi panel on 16th June recommended measures to strengthen markets watchdog’s enforcement mechanism and enhance the system of recovery of siphoned off money.

Fourth edition of Asian Youth Para Games to be organized in Bahrain in December 2021

June 18, 2020
Asian Youth Para Games
  • The Asian Paralympic Committee (APC) on 17th June declared that Bahrain will host the fourth edition of the Asian Youth Para Games from December 1 to 10 next year.

PM Modi starts auction of coal mines for commercial mining

June 19, 2020
coal
  • Prime Minister Narendra Modi on 18th June started the auction coal mines for commercial mining through video conference.
  • Addressing the occasion, PM Modi told India has taken the significant decision to fully open the coal and mining sector for competition, capital, participation, and technology.

Kubatbek Boronov designated as acting Prime Minister of Kyrgyzstan

June 19, 2020
Kubatbek Boronov
  • Kyrgyzstan’s ruling coalition selected Kubatbek Boronov for prime minister on 16th June, implicitly ensuring he would get the post after his predecessor resigned because of a corruption inquiry against former Cabinet officials.

India to send 75-Member tri-service contingent to World War II Victory Parade in Moscow

June 19, 2020
India to send 75-Member tri-service contingent to World War II Victory Parade in Moscow
  • India will send a contingent of 75 personnel from its three armed forces to Moscow to join in Russia’s 75th World War II Victory Day march on June 24.

Maruti pairs-up with Karur Vysya Bank for flexible financing schemes

June 19, 2020
Maruti Suzuki India
  • Car market leader Maruti Suzuki India (MSI) on 16th June declared it has partnership with Karur Vysya Bank to extend simpler and flexible financing schemes for new customers.

France to provide a loan of 200 million euros to India to support Delhi’s COVID-19 response

June 19, 2020
Corona sufferers
  • France and India on 18th June inked an agreement with Paris committing 200 million euros to aid Delhi’s COVID-19 response.
  • Through this loan, France will work with India to uplift the state and central governments’ capacities to promote the country’s most vulnerable people in the wake of the COVID-19 crisis.

Turkey’s Volkan Bozkir chosen as president of 75th UN General Assembly

June 19, 2020
Volkan Bozkir
  • The UN General Assembly on 17th June selected Turkish diplomat Volkan Bozkir to be its president for the 75th General Debate in September.
  • In a secret ballot vote Bozkir, who was unanimous for the post, got 178 ballots in support as 11 nations abstained, Anadolu Agency reported.

DK Jain receives one-year extension as BCCI Ethics Officer and Ombudsman

June 19, 2020
DK Jain
  • Former Supreme Court judge DK Jain has received a one-year continuation by the Board of Control for Cricket India (BCCI) to serve as BCCI’s Ethics Officer and Ombudsman.

19th June is observed as World Sauntering Day 2020

June 19, 2020
World Sauntering Day
  • The word ‘saunter’ indicates to walk slowly in a relaxed manner and every year on June 19, the day is celebrated so that we slow down from our tumultuous schedule and smell the proverbial roses as we walk along.

Karnataka celebrates Mask Day on 18th June 2020

June 19, 2020
mask
  • Karnataka celebrates on 18th June as ‘Mask Day’ to spread awareness in the masses about the value of wearing one amid the COVID-19 pandemic.

Central Govt approved Rs 156.61 Crore for FY20-21 to Tripura for implementation of JJM in State

June 20, 2020
Jal Jeevan Mission
  • For the year 2020-21, the fund allocation for the implementation of JJM in Tripura has been enhanced from Rs 107.64 Crore to Rs 156.61 Crore. With an initial balance of Rs 136.45 Crore available with the State and along with this year’s allocation of Rs 156.61 Crore, and considering the State matching share, a total of Rs 320.16 Crore will be available with the state.

Mukesh Ambani enters the club of world’s 10 richest as net worth jumps to $64.6 bn

June 20, 2020
Reliance
  • Mukesh Ambani has joined the list of top ten richest persons in the world, according to the Forbes Real-Time Billionaire list. Mukesh Ambani’s net worth raised by over 12 times from USD 5.3 billion to USD 64.6 billion (Rs 4.9 lakh crore).

Sourav Ganguly, Sunil Chhetri designate Brand Ambassadors for JSW Cement

June 20, 2020
Sourav Ganguly, Sunil Chhetri designate Brand Ambassadors for JSW Cement
  • JSW Cement, part of USD 14 billion JSW Group, has chosen former Indian cricket captain and current president of Board of Control for Cricket in India, Sourav Ganguly and captain of India’s National Football Team and Bengaluru FC captain, Sunil Chhetri as its brand ambassadors.

Napoli defeats Juventus on penalties to get sixth Italian Cup

June 20, 2020
Napoli defeats Juventus on penalties to get sixth Italian Cup
  • Napoli defeated Juventus 4-2 on penalties to win the Italian Cup for the sixth time after the score was 0-0 after 90 minutes in an empty Stadio Olimpco in Rome.
  • Napoli is sixth in the league table as they plan a return to the Champions League.

20th June is observed as World Refugee Day 2020

June 20, 2020
World Refugee Day
  • World Refugee Day is celebrated every year on June 20 to spread awareness about the plight of refugees around the world.
  • Theme 2020: Step with Refugee

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