RBI will set up a committee to review ATM charges and fees. It is a move that could impact the charges paid by customers of other banks to use the facility. The panel will be headed by VG Kannan, CEO of Indian Banks’ Association.
RBI decided to remove charges on NEFT & RTGS transactions.
As per the Traffic Index-2018, Mumbai is the most traffic-congested city for the 2nd consecutive year with commuters spending an average of 65% extra travel time. Bogota (63%) stands at 2nd place followed by Lima (58%), New Delhi (58%), Moscow (56%).
Bogota – Capital of Colombia
Peru – Capital of Lima
World Oceans Day is an opportunity to raise global awareness of the challenges faced by the international community in connection with the oceans. The 2019 theme is ‘Gender and the Ocean’.
The day is celebrated since 2009.
Azim Premji will retire as Executive Chairman of Wipro with effect from 30th July 2019. He led the company for 53 years. He will continue to serve on the board as Non-Executive Director and founder Chairman. He would be replaced by Rishad Premji.
Abidali Z Neemuchwala will be re-designated as CEO & MD of Wipro
IRDAI has increased the mandatory third-party motor insurance premium by up to 21% for certain categories. It will be applicable from June 16. The new TP insurance for smaller cars (less than 1000 cc) will cost ₹ 2072 or 12% from the existing ₹ 1850.
IRDA set up as an autonomous body under the IRDA Act, 1999.
Confederation of Indian Industry has launched a Fiscal Performance Index to assess state and central budgets. The Index will consider expenditure on infrastructure, education, healthcare & other social sectors beneficial for economic growth & tax revenues.
FPI will analyze state ¢ral budgets from 2004-05 to 2016- 17
Sunil Chhetri became the most capped India player with 108 international matches. He overtook his mentor Bhutia's record of 107 matches when he captained India in the King's Cup opener against Curacao.
Grey Cup is associated with Football.
RBI announced the rollout of a foreign exchange trading platform for retail participants. It aims to provide transparency of pricing & promote competition among market-makers leading to better pricing for all customers.
Platform had been developed by Clearing Corporation of India Ltd
India has notified a tax information exchange agreement with the Marshall Islands, enabling the exchange of information, including banking and ownership information, between the two countries for tax purposes.
Marshall Islands:
President - Hilda Heine
Currency – US Dollar
American singer Malcolm John Rebennack has died at 77. He was known for music combining blues, pop, jazz, boogie-woogie and rock and roll. He was a six-time Grammy winner. He recognized as a solo performer with the release of his album Gris-Gris in 1968.
He was inducted into the Rock and Roll Hall of Fame in 2011