Category: All Current Affairs

Devika and Puneja bridges introduced in Jammu and Kashmir

June 25, 2020

• Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Jitendra Singh initiated Devika and Puneja bridges in Udhampur and Doda districts of Jammu and Kashmir.

Cabinet permits declaration of Kushinagar airport in UP as the international airport

June 25, 2020

• The Union Cabinet 24th June permitted the declaration of the airport in Uttar Pradesh’s Kushinagar as an international airport, stating it will offer increased connectivity to the important Buddhist pilgrimage site.

Himachal’s Panchayati raj dept gets first prize

June 25, 2020

• THE HIMACHAL Pradesh Panchayati raj department has got first prize under the e-Panchayat Puraskars-2020, to be presented by the Union Ministry of Panchayati Raj, Chief Minister Jai Ram Thakur announced on 24th June.

Madhya Kshetra Vidyut Vitaran Company begins Nishtha Vidyut Mitra Scheme for women empowerment in MP

June 25, 2020

• In Madhya Pradesh, the Madhya Kshetra Vidyut Vitaran Company has begun the Nishtha Vidyut Mitra Scheme for women empowerment in one of its variety of initiatives. In this scheme, women Self-Help Groups at Gram Panchayat level will serve as Nishtha Vidyut Mitra.

IMF lowers India GDP forecast for FY21, decreases by 4.5%

June 24, 2020

• The International Monetary Fund (IMF) sharply cut India’s growth outlook for the present fiscal year (2020-21) to a minus (-) 4.5 percent from 1.9 expansion expected in April owing to an extended COVID-19 lockdown and hindered economic revival.

Karnataka Bank originates KBL Micro Mitra for micro-enterprises

June 24, 2020

• Karnataka Bank has started a new item KBL Micro Mitra, wherein financial support up to Rs.10 lakhs can be given to the Micromanufacturing and service enterprises either for functioning capital or for investment purposes.

India’s GDP to sink 3.1% in 2020: Moody’s

June 24, 2020

• Moody’s Investor Service further lowered its growth forecast for India to -3.1% this calendar year correlated to 0.2% in April.
• The June 2020 update of its Global Macro Outlook, published on 22nd June, expected a marginally greater rebound at 6.9% in 2021, as opposed to 6.2% in the April update.

Cooperative banks to be drawn under RBI supervision

June 24, 2020

• The Union Cabinet permitted the inclusion of co-operative banks under supervisory controls of the Reserve Bank of India while declaring a Rs 1,542 crore year-long interest subvention scheme for microloan borrowers.

Bill to rename ‘Tonoshiro’ to ‘Tonoshiro Senkaku’ triggered stresses between Japan and China

June 24, 2020

• A group of Islands without inhabitants placed at the South China Sea has been a point of disagreement between Japan and China since 1972. The island is identified by the name Senkakus in Japan, while in the People’s Republic of China the Islands are recognized by the name Diaoyu.

China to accompany UN arms trade treaty to improve ‘Peace and Stability’

June 24, 2020

• China has decided to accompany a global pact on regulations of arms sales displaying its eagerness to approach the poorly regulated international arms trade after the United States pulled out last year.