Friday, June 26, 2020
Thursday, June 25, 2020
Daily Current Affairs, 25th June 2020
VisionIAS
16:26
1) Day of the Seafarer celebrated on 25th June
•The 2020 campaign for the day: Seafarers are Key Workers. The campaign seeks to raise awareness of the work seafarers have done during the pandemic and to thank them for their contribution. It also encourages people to treat them with respect and dignity so they can continue the good work they have been doing.
2) Cabinet approves setting up of Rs 15000 crore “AHIDF”
•Farmer Producer Organizations (FPOs), MSMEs, Section 8 Companies, Private Companies and individual entrepreneur would be the eligible beneficiaries under the scheme According to the scheme, minimum 10% margin money would be contributed by the beneficiary while scheduled banks would be responsible for the availability of balance 90% of the loan component. Interest subvention of 3% would be provided by the Government of India to the eligible beneficiaries. There will be 2 years moratorium period for the principal loan amount while 6 years repayment period thereafter.
•A Credit Guarantee Fund of Rs 750 crore would be set up by the Government of India. This fund would be managed by National Bank for Agriculture and Rural Development (NABARD) and will provide Credit guarantee to those sanctioned projects which are covered under MSME defined ceilings. Guarantee Coverage would be provided upto 25% of Credit facility of borrower.
•Both of the above facilities will ensure availability of capital to meet upfront investment required for the above projects and also help enhance overall returns/ pay back for investors.
3) Cabinet gives International airport status to Kushinagar Airport
•A 3-km-long runway strip has already been made. Now, even an enormous aircraft of Airbus can land at the airport. Kushinagar is located within the north-eastern a part of Uttar Pradesh about 50 km east of Gorakhpur and is one among the important Buddhist pilgrimage sites.
4) Jitendra Singh inaugurates Devika and Puneja Bridges in J&K
•The 10-meter-long Devika Bridge construction resolve the traffic issues of the region and this will also help in smooth passage of army convoys and vehicles. While the 50-meter-long Puneja Bridge is strategically very important from defence point of view. It will also provide a vital alternate link to the Doda, Kishtwar and Ramban districts beside Kashmir valley from Pathankot (Punjab) without entering Jammu and Udhampur via Lakhanpur. Doda is the only district in the country where not one but three big tunnels are being built.
5) Tripura Govt announces ‘Ektu Khelo Ektu Padho’ scheme
6) MPMKVVCL starts Nishtha Vidyut Mitra Scheme for women empowerment
•This scheme will the company to increase the revenue collection as well as women will also earn extra. This scheme has been implemented in all the Gram Panchayats of all 16 districts of Bhopal, Narmadapuram, Gwalior and Chambal divisions of the company’s jurisdiction.
7) Union Cabinet approves formation of “IN-SPACe”
•The Indian National Space Promotion and Authorization Centre (IN-SPACe) will offer a level playing field to the private companies by allowing them to use Indian space infrastructure. It will also hand-hold, promote as well as guide the private companies in space activities via encouraging policies along with friendly regulatory environment. These reforms in the Indian space sector will allow Indian Space Research Organisation (ISRO) to focus on research and development activities, new technologies, exploration missions as well as human spaceflight programme.
8) CCI approves acquisition of stake in Jio Platforms by Jaadhu
•Jaadhu Holdings LLC (Jaadhu) is a newly incorporated company and an indirect wholly owned subsidiary of Facebook, which is a publicly traded company listed on NASDAQ, with headquarters in California, United States of America. Jio Platforms Limited is a subsidiary of Reliance Industries Limited and runs digital applications and holds controlling investments in technology related units. It exists under the laws of the Republic of India and aims to provide high-quality and affordable digital services across India.
The HINDU Notes – 25th June 2020
VisionIAS
14:40
📰 RBI will supervise cooperative banks
•Currently, these banks come under dual regulation of the RBI and the Registrar of Co-operative Societies. The move to bring these urban and multi-State coop. banks under the supervision of the RBI comes after several instances of fraud and serious financial irregularities, including the major scam at the Punjab and Maharashtra Co-operative (PMC) Bank last year. In September, the RBI was forced to supercede the PMC Bank’s board and impose strict restrictions.
•“I am very sure when this announcement was made, people have welcomed it, and depositors will get protection and benefit out of it,” Mr. Javadekar said, regarding the ordinance approved by Cabinet.
•The Cabinet also approved a scheme to provide interest subvention of 2% for a 12-month period to small borrowers with loans up to Rs. 50,000 under the Shishu category of the Pradhan Mantri Mudra Yojana. This relief had been announced as part of the Aatmanirbhar Bharat package last month.
📰 Signalling intent: On Government e-Marketplace
THE HINDU NEWSPAPER IMPORTANT ARTICLES 25.06.2020
Last 6 Months Current Affairs 2020 PDF Download
VisionIAS
07:01
This Last 6 Months current affairs 2020 PDF gives you the latest current issue events that are important for Banking IBPS, SBI | LIC Insurance | SSC CGL, CHSL, CPO | Railway NTPC JE | UPSC and other competitive exams.
