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The government notified Mauritius as an eligible country enabling its investment entities as Category I FPIs with lower KYC requirements and hence would get the benefit from indirect transfer provisions under the Income Tax Act, 1961.
Mauritius remains the 2nd largest source of FPI money.
A new initiative called, Food Bank is introduced in Manipur to provide immediate aid in the form of free food to the poor and the needy. Items to be distributed after proper verification of beneficiaries.
Manipur CM: N Biren Singh.
Private sector life insurer Max Life Insurance and Yes Bank have extended the bancassurance partnership for the next 5 years. Under this, the products of the life insurer would be sold through the branches of Yes Bank.
Max Life CEO: Prashant Tripathy.
Following the merger of Oriental Bank of Commerce with PNB on April 1, 23% of stake of the former in Canara HSBC OBC Life Insurance stands transferred to the latter. PNB is a promoter of PNB Metlife Insurance with the highest stake of 30% since 2012.
PNB MD: S S Mallikarjuna Rao.
AIIMS-Rishikesh, and Bharat Electronics (BEL), to develop a health monitoring system to remotely assess the health of patients. It aims to reduce the risk of exposure to healthcare workers and to reduce the increasing demand for PPE and other logistics.
Bharat Electronics is a Navartna Defence PSU.
Retail Inflation slowed to 5.91% in March due to easing food prices. The retail inflation based on Consumer Price Index (CPI) was 6.58% in Feb 20. It is a main factor for RBI while deciding its bi-monthly monetary policy.
Central Bank keeps inflation around 4%.
Dr Ambedkar is known as the chief architect of the Indian Constitution and has been bestowed with the country’s highest civilian honour, Bharat Ratna. Born in MP, he was a jurist, economist & social reformer.
He was the first Law and Justice Minister of Independent India.
The Chagas disease also called as the American trypanosomiasis has been termed as a silent and silenced disease. It is a vector-borne disease caused by the parasite Trypanosoma cruzi transmitted by triatomine bugs.
It mainly affects poor people of Latin America.
Bonetti began his professional football career with Chelsea, making a total of 491 appearances for them between 1960 and 1975 and keeping over 200 clean sheets for the club overall.
He was properly known as ‘Cat’.
Stirling Moss who ranked as an all-time Formula One great despite never winning the world championship passed away. 4 times a championship runner-up, & also third overall on 3 occasions, no other driver won as many races without taking the title.
Moss was the first Briton to win his home Grand Prix.
Former Attorney General of India and Senior Advocate Ashok Desai passed away. He was one of the leading lawyers and served as Solicitor General. He was awarded Padma Bhushan and Law Luminary Awards.
He dealt landmark cases like decriminalisation of homosexuality.
The Pulitzer Prize-winning American reporter for the Washington Post, Mary Jordan has written a book titled The Art of Her Deal: The Untold Story of Melania Trump. Book Publisher: Simon & Schuster.
To be Released: June 16, 2020.
Known as the "Peacock of the Fairways," Sanders was one of the most colourful personalities on the PGA Tour, capturing 20 titles including the 1956 Canadian Open.
Sanders also played in 218 events on the senior Champions Tour.