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Weekly Current Affairs 15th To 21st June 2020

Weekly Current Affairs 15th To 21st June 2020

National News

‘I-FLOWS’- A Flood Warning System

  • A state of the art flood warning system called ‘I-FLOWS’ is launched in Mumbai, Maharashtra.
  • It is launched by Union Minister of Health and Family Welfare, Science and Technology, Earth Science Dr, Harsh Vardhan Rathore along with CM of Maharashtra Uddhav Thackeray.

‘Captain Arjun’ an AI Robot—By Central Railway

  • An Artificial Intelligence-based technology Robot named as ‘Captain Arjun’ has been launched by Central Railway zone.
  • The robot has been launched to intensify surveillance and screening of passengers so that it will keep watch on anti-social elements.

Union Minister G Kishan Reddy Launched ‘GermiBAN’ Device

  • Union Minister of State of Home Affairs G Kishan Reddy has launched ‘GermiBAN’ device which kills viruses and other germs by sterilizing, sanitizing and disinfecting in large areas.
  • The innovation idea behind this ‘GermiBAN’ device is of NEO Inventronix, Hyderabad.

Indian Gas Exchange- Online Delivery Based Gas Trading Platform

  • Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan has launched India’s first online delivery based natural gas trading platform named as Indian Gas Exchange (IGX).
  • Headquarter of IGX is New Delhi and the Director will be Rajiv Srivastava.

Multi-Location Claim Settlement Facility by EPFO

  • The Employees Provident Fund Organisation (EPFO) has launched the Multi-Location Claim Settlement Facility.
  • Multi-Location Claim Settlement Facility has been launched to expedite member claims.

Maruti Suzuki partners with Karur Vysya Bank for Car Loans

  • India’s car manufacturers Maruti Suzuki has partnered with Karur Vysya Bank to offer car loans for Maruti vehicles.
  • The loan will be available to both salaried and self-employed customers and the repayment period is up to 84 months.

Garib Kalyan Rojgar Abhiyan--Launched by PM Modi

  • Prime Minister Narendra Modi has launched Garib Kalyan Rojgar Abhiyan on 20th June 2020.
  • The campaign of Garib Kalyan Rojgar Abhiyan is of 125 days and will be carried out in mission mode.

Coal India Ltd Partners with Atal Innovation Mission

  • Coal India Ltd (CIL) has partnered with Atal Innovation Mission (AIM) of NITI Aayog.
  • They have partnered to establish innovation and entrepreneurship skills in India.

Banking

RBI sets up Panel to Review Corporate Structure

  • Reserve Bank of India has set up a committee of 5 members which is basically a 5 member internal working group (IWG) to review the ownership and corporate structure of Indian private sector banks.

EXIM Bank Provides $215.68 million to Malawi Government

  • Export-Import Bank of India (EXIM Bank) has provided a line of credit of $215.68 million to Malawi government.
  • The financial support will be utilised for the welfare of drinking water supply schemes, irrigation projects, sugar processing equipment, cotton processing facilities etc.

New Framework for FMI and RPS--- By RBI

  • The Reserve Bank of India has come up with a new framework with some changes in monitoring structure of Financial Market Infrastructure (FMI) and Retail Payment System (RPS).
  • The new changes in FMI and RPS will result in ensuring more security and stability of the payment structure.

Insta FlexiCash – By ICICI Bank

  • ICICI Bank has launched an Insta FlexiCash facility to its salary account customers.
  • The Insta FlexiCash is an online overdraft facility (OD) by which customers can get approval for OD instantly with a paperless manner.

‘Suraksha Salary Account for MSME’s’ – By Airtel Payment Bank

  • Airtel Payment Bank has launched ‘Suraksha Salary Account for MSME’s’.
  • With the help of this account, MSME and other organisations will be able to make cashless payments and provide financial security to their employees.

SEBI proposes Measures to Strengthen Enforcement and Recovery Mechanism

  • The Securities and Exchange Board of India (SEBI) has constituted a committee headed by former Supreme Court Judge Anil Dave to strengthen the SEBI’s enforcement mechanism and also to improve its system of recovery of siphoned off money.

New Rules for HFCs by RBI

  • The Reserve Bank of India being the regulator of Housing Finance Companies (HFCs) has proposed changes in rules and regulations of HFCs with an aim to increase and address concerns of liquidity and double financing.

SARAL Affordable Housing Scheme– By ICICI Home Finance

  • ICICI Home Finance Company Ltd, which is an HFC has launched a special affordable housing loan scheme to finance homes in rural and urban areas of India. The name of the scheme is SARAL.
  • Maximum limit of loan is Rs 35 lakhs with an interest rate starting from 7.98%.

SEBI to Enhance Promoter’s Shareholding

  • The Securities Exchange Board of India (SEBI) has amended regulation (3) in sub-regulation (2) of SEBI-Substantial Acquisition of Shares and Takeovers regulations, 2011 (SEBI-SAST) in order to enhance acquisition limit of promoters.
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