Daily News

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SBI Mock Recruitment Drill by Oliveboard

On Popular Demand, the Prelims Exam of Mock Recruitment Drill has been postponed. The Registration is now open till 03rd July 2020. Register Now to get Complete recruitment process experience & Access to 30 SBI PO Previous year mock tests.

Did you Know

Oliveboard users improve their scores by +16 marks after 9 tests

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Harsh Vardhan launches India's first mobile laboratory for COVID-19 testing

Union min. Harsh Vardhan launched a mobile lab for coronavirus testing which can be deployed in rural areas and help in promoting last-mile testing. The mobile lab, also called I-Lab or Infectious Diseases Diagnostic Lab can run 50 RT-PCR tests in a day.

Did you Know

It can also conduct up to 200 ELISA tests in a day.

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Turkey's Volkan Bozkir elected president of 75th UN General Assembly

UNGA elected Turkish diplomat Volkan Bozkir to be its president ahead of the 75th General Debate in September. He is currently serving as a Justice and Development Party lawmaker from Istanbul and head of the Turkish Parliament's Foreign Affairs Committee.

Did you Know

Bozkir is the first Turkish national to head General Assembly.

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Indian economy to contract by 4% in 2020-21, forecasts ADB

Hit hard by the COVID-19 pandemic, the Indian economy is expected to contract by 4% during the current financial year, according to the ADB in a supplement to its Asian Development Outlook (ADO). Countries in ‘Developing Asia’ to ‘barely grow’ in 2020.

Did you Know

China is expected to grow of 1.8% in 2020 down from 6.1%.

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Karnataka Bank launches COVID-19 health cover

Karnataka Bank launched a health insurance policy to cover the uncertainties posed by the Covid-19 pandemic. The bank launched in association with Universal Sompo General Insurance Company Limited with an objective of providing insurance against COVID-19.

Did you Know

MD & CEO of Karnataka Bank – Mahabaleshwara M S

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Bank of Baroda to completely digitise lending operations

BoB is set to completely digitise its lending operations including home, agriculture, MSME, personal & auto loans. It has reached out to the big four & other consultants like McKinsey and Boston Consulting Group to help set up a digital lending department.

Did you Know

MD and CEO of BoB: Sanjiv Chadha.

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'Air-Venti' App to provide information on ICU beds, ventilators in Mumbai

In Maharashtra, the Municipal Corporation of Greater Mumbai (MCGM) has launched a mobile app "Air-Venti" to help residents in the city to know about the availability of the ICU beds and Ventilators in both government and private hospitals around them.

Did you Know

The app can help contact hospitals through call and e-mail.

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CCI approves acquisition of Metso Oyj’s minerals business by Outotec Oyj

The CCI approves the acquisition of Metso Oyj’s ("Metso") minerals business by Outotec Oyj ("Outotec") under Section 31(1) of the Competition Act, 2002. It is to be achieved by a partial demerger of Metso Minerals pursuant to the Finnish Companies Act.

Did you Know

Competition Commission of India Chairman: A K Gupta.

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Aizawl’s Rajiv Gandhi Stadium to be upgraded as KISCE under Khelo India Scheme

Sports Minister Kiren Rijiju announced that Aizawl’s Rajiv Gandhi Stadium to be upgraded as Khelo India State Centre of Excellence under Khelo India Scheme. Ministry plans to establish one KISCE in each state and UT to create a robust sporting ecosystem.

Did you Know

It is a platform for multiplying existing talents in the region.

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International Day for the Elimination of Sexual Violence in Conflict - 19 June

In 2015, the United Nations (UN) adopted June 19 every year as the International Day for the Elimination of Sexual Violence in Conflict. The main aim of this day is to raise awareness of the need to put an end to conflict-related sexual violence.

Did you Know

It is the sixth edition of the event.

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Former Lok Sabha MP, banker Madhavrao Patil dies in Nashik

Former Lok Sabha MP and founder of Janalaxmi Cooperative Bank Madhavrao Patil died in Maharashtra. He was a staunch supporter of Sharad Pawar and was among the first to join when the latter formed the Nationalist Congress Party in 1999.

Did you Know

He won from Nashik Lok Sabha Constituency ticket in 1998.

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Malayalam director Sachy passes away

Film director, script writer & producer K R Sachidanandan,popularly known as Sachy, died. He passed away after suffering a cardiac arrest. He was on ventilator sport. He gave a recent hit movie named Ayyappanum Koshiyum which starred Prithviraj-Biju Menon.

Did you Know

His directorial debut was Anarkali in 2015.

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Indian economist Amartya Sen wins Peace Prize of the German Book Trade

Harvard professor & Nobel prize winner Sen was granted the 2020 Peace Prize of the German Book Trade for his "decades-long work on the question "as a question of global justice."The Peace Prize of the German Book Trade has been awarded annually since 1950.

Did you Know

It comes with a cash prize of 25,000 euros ($28,000).

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RBI proposes changes in regulations for housing finance companies

RBI proposed to double the minimum net owned fund (NOF) requirement for housing finance companies to Rs 20 crore and classification of such firms under its draft framework for these companies. It is aimed at strengthening the capital base of small HFCs.

Did you Know

Home Financiers to now be regulated as a category of NBFCs.

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RBI approves re-appointment of Prakash Chandra as non-exec Chairman of RBL Bank

Private Sector Lender RBL said that the RBI has approved the re-appointment of Prakash Chandra, Independent Director, as Non-Executive (Part-Time) Chairman of the bank till July 23, 2021, in terms of Section 35B of the Banking Regulation Act, 1949.

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RBL Bank Headquarters: Mumbai.

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RBI approves re-appointment of Kaizad Bharucha as Executive Director of HDFC Bank

The Reserve Bank of India (RBI) has approved the re-appointment of Kaizad Bharucha as Executive Director of HDFC Bank for a period of three years with effect from June 13, 2020, the private sector lender said in a regulatory filing.

Did you Know

HDFC Bank CEO: Aditya Puri. HQ: Mumbai.