The International Day of Family Remittances (IDFR) is a universally-recognized observance adopted by the United Nations General Assembly and celebrated every year on 16 June. The Day recognizes the contribution of over 200 million migrants to improve the lives of their 800 million family members back home, and to create a future of hope for their children.
The theme of the 2023-2024 #FamilyRemittances campaign is “Digital remittances towards financial inclusion and cost reduction,” highlighting the positive effects of digitalization in reducing costs, improving access, and advancing financial inclusion.
In 1994, the General Assembly established the United Nations Convention to Combat Desertification (UNCCD), the sole legally binding international agreement linking environment and development to sustainable land management, and declared 17 June "World Day to Combat Desertification and Drought" by its resolution A/RES/49/115.
This year, the theme of the Desertification and Drought Day “United for Land. Our Legacy. Our Future” spotlights the future of land stewardship — our most precious resource to ensure the stability and prosperity of billions of people around the world.
UNCCD's 197 parties (169 affected by desertification) work together to maintain and restore land and soil productivity, and to mitigate the effects of drought in drylands — the arid, semi-arid and dry sub-humid areas, where some of the most vulnerable ecosystems and peoples can be found.
In July 2021, the UN General Assembly highlighted global concerns over “the exponential spread and proliferation of hate speech” around the world and adopted a resolution on “promoting inter-religious and intercultural dialogue and tolerance in countering hate speech”.
The resolution proclaimed 18 June as the International Day for Countering Hate Speech, building on the UN Strategy and Plan of Action on Hate Speech launched on 18 June 2019. To observe the Day, the United Nations invites governments, international organizations, civil society groups, and individuals to hold events and initiatives promoting strategies to identify, address
address and counter hate speech. The resolution recognizes the need to counter discrimination, xenophobia and hate speech and calls on all relevant actors, including States, to increase their efforts to address this phenomenon, in line with international human rights law.
Gastronomy is a cultural expression of the world’s natural and cultural diversity. On June 18, world celebrate Sustainable Gastronomy Day and acknowledge that everyone plays a role in making sustainable choices for healthy diets and a food-secure future. The UN General Assembly adopted on 21 Dec 2016 and designated 18 June as an international observance.
The United Nations Educational, Scientific and Cultural Organization (UNESCO) and the Food and Agriculture Organization (FAO) and the UN General Assembly work to facilitate the observance of Sustainable Gastronomy Day, in collaboration with Member States, UN organizations and other international and regional bodies, as well as civil society.
The 18th Mumbai International Film Festival (MIFF) is honoring the illustrious wildlife filmmaker Shri Subbiah Nallamuthu by conferring upon him the much coveted V. Shantaram Lifetime Achievement Award, announced Dr. L. Murugan, the Minister of State for Information & Broadcasting today.
His passion for the Royal Bengal Tiger has translated into five tiger-centric international documentaries for National Geographic Channel and BBC. His prolific filmography includes Tiger Dynasty (2012-2013), Tiger Queen)2010) and The World’sMostFamousTiger(2017).Shri Subbiah Nallamuthu has won several national and international awards including the five National Film Awards
The prestigious Dr.V Shantaram Lifetime Achievement Award is presented in everyedition of MIFF, to a filmmaker for seminal contribution to documentary films and its movement in India. It carries a cash award of 10 lakh rupees, trophy and a citation. Other illustrious recipients of the award in previous years include Shyam Benegal, Vijaya Mulay and other prominent filmmaker.
The award is instituted in memory of legendary filmmaker V Shantaram.
The Executive Board of the Sahitya Akademi in its meeting, under the Chairmanship of its President, Sri Madhav Kaushik approved selection of 23 writers who were selected on the basis of recommendations made by the Jury comprising three members each in the concerned language in accordance with the rules and procedure laid down for the purpose.
The Award in the form of a casket containing an engraved copper-plaque and a cheque of Rs. 50,000/- will be presented to the awardees at a special function to be held at a later date.
Army Hospital (Research & Referral), New Delhi, on June 18, 2024, announced the opening of a state-of-the-art skin bank facility, a first-of-its-kind to be established within the Armed Forces Medical Services. This landmark initiative aims to revolutionise the treatment of severe burn injuries and other skin-related conditions among service members and their families.
ESAF Small Finance Bank (ESAF SFB) has decided to discontinue the services of business correspondent ESAF Swasraya Multi State Agro Co-operative Society Limited (ESMACO) to reduce concentration risks and absorb its 5,000 plus employees on the rolls of the lender. The discontinuation will reduce the contribution of ESMACO to the management of the gross advances to 14.90 %.
Private sector Dhanlaxmi Bank on 18th June said it has appointed Ajith Kumar KK as Managing Director (MD) of the bank. He will take charge on June 20, Kerala-based Dhanlaxmi Bank said in a regulatory filing.
Private sector Dhanlaxmi Bank on 18th June said it has appointed Ajith Kumar KK as Managing Director (MD) of the bank. He will take charge on June 20, Kerala-based Dhanlaxmi Bank said in a regulatory filing.
The board at its meeting held on 18th approved the appointment of Ajith Kumar KK as Managing Director & CEO of the bank for a period of three years with effect from June 20, 2024, and on such remuneration as approved by RBI vide letter dated April 18, it said.
Namdev Finvest, a Jaipur-based NBFC, has entered into a strategic alliance with Bajaj Allianz General Insurance, a leading insurance platform, to offer comprehensive financial solutions, including insurance and NBFC services, to its customers. The strategic alliance leverages Namdev’s customer network and geographic presence, backed by Bajaj General Insurance.
The Reserve Bank has cancelled the licence of Purvanchal Co-operative Bank, Ghazipur, Uttar Pradesh as it does not have adequate capital and earning prospects. The Commissioner for Cooperation and Registrar of Cooperative Societies, Uttar Pradesh has also been asked to issue an order for winding up the bank and appoint a liquidator, the RBI said in a statement.
On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to ₹5 lakh only from Deposit Insurance and Credit Guarantee Corporation (DICGC). As per the data submitted by the Purvanchal Co-operative Bank, about 99.51 per cent of the depositors are entitled to receive full amount of their deposits from DICGC.
In a significant shift, Neeraj Arora, the former Chief Business Officer of WhatsApp, has resigned from the board of One97 Communications, the parent company of fintech giant Paytm. “The Board, at its meeting held on June 17, 2024, took note of the resignation tendered by Shri Neeraj Arora, Non-Executive Independent Director of the Company on account of pre-occupation.
ICICI Prudential Life Insurance offered a 15% lifetime discount for women on all premiums for its best-selling term insurance product, iProtect Smart. Furthermore, salaried/working women will be eligible for an additional 15% off the first year’s payment, allowing them to create financial stability for themselves and their loved ones.
iProtect Smart, along with the critical disease benefit, covers 34 critical illnesses, including breast, ovarian, uterine, and cervical cancer. This combination provides the benefits of both health and life insurance. The critical illness coverage sum is paid out upon diagnosis, providing the necessary financial resources for rapid medical treatment.
The Reserve Bank of India (RBI) has been awarded the "Risk Manager of the Year Award 2024" by Central Banking, a renowned publication headquartered in London.This prestigious accolade highlights the RBI's significant progress in cultivating a robust risk culture and heightened awareness, solidifying its essential role in maintaining the stability of India's financial system
Fitch Ratings increased India’s growth forecast for the current fiscal year to 7.2 per cent, up from 7 per cent projected in March. This revision is due to a recovery in consumer spending and increased investment. Fitch Ratings quarterly Global Economic Outlook report published today also depicted raised the world growth forecast for 2024 to 2.6 per cent from 2.4 per cent.
