Current Affairs Nature

 The tenure of Subramanian Sundar as the Managing Director and Chief Executive Officer of Lakshmi Vilas Bank has been extended after the approval from the Reserve Bank of India. His tenure has been extended for a period of 6 months i.e. till 30th November 2020 or till the appointment of the new CEO, whichever is earlier.Subramanian Sundar’s tenure as the MD & CEO of Lakshmi Vilas Bank has been extended for the second time.

 MD & CEO, Kotak Mahindra Bank, Uday Kotak has taken over as the President of Confederation of Indian Industry (CII) for the year 2020-21. He has replaced the chairman and MD of Kirloskar Systems, Vikram Kirloskar as the President of CII. T.V. Narendran, CEO & MD of Tata Steel Ltd., is now CII’s president designate for the current financial year, while the Chairman and MD of Bajaj Finserv Ltd., Sanjiv Bajaj has taken over as the vice-president of CII.

 Twitter has appointed ex-Google chief financial officer (CFO), Patrick Pichette as new board chairman. He will replace Omid Kordestani. Pichette joined Twitter’s board of directors in 2017 and had been a lead independent director since the end of 2018. Prior to this, he served as Google’s CFO from 2008 until 2015. It is the first time in Twitter’s history that an outsider will preside over the group.

  Emmy-winning television producer, Krishnendu Majumdar becomes the new chairman of British Academy of Film and Television Arts (BAFTA). He is the first person of colour to be named as the chairperson of BAFTA in its 73 year-long histories of BAFTA. He will replace Pippa Harris. Harris will now continue as deputy chairperson. Prior to this, Majumdar served as the chair of the Learning and New Talent Committee (2006-2010), the chair of the Television Committee (2015-2019) and an individual from the leading group of trustees for 9 years. He has been intently working with BAFTA for 14 years.

 “PM SVANidhi” is a Special Micro-Credit Facility Scheme that has been launched by the Ministry of Housing and Urban Affairs. Street vendors will be provided affordable loans under the PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) scheme, hence enabling them to resume work and earn livelihoods. The scheme is expected to benefit over 50 lakh people including hawkers, thelewalas, vendors, rehriwala etc. Under the PM SVANidhi scheme, street vendors will be able to avail the working capital loan of up to Rs. 10,000, which is repayable in monthly instalments in the tenure of one year. A digital platform with web portal/ mobile app would be developed to administer the scheme with end-to-end solution. It will also help in integrating the vendors into the formal financial system.

 International Day of Innocent Children Victims of Aggression is observed globally on 4th June every year. This day affirms the UN’s commitment to guard the rights of children. This day is to acknowledge the pain suffered by children throughout the planet who are the victims of physical, mental and emotional abuse. The main aim of celebrating today is to spread the notice about the pain and sufferings faced by the victims as children.
  • History of International Day of Innocent Children Victims of Aggression:
On August 19, 1982, during an emergency session on the question of Palestine, the UN General Assembly, appalled at the amount of innocent Palestinian and Lebanese child victims of Israel’s acts of aggression, decided to commemorate 4 June of every year because of the International Day of Innocent Children Victims of Aggression.

 Legendary Filmmaker & the National Film Award winner Basu Chatterjee passed away. He was known for his middle-of-the-road cinema and films like “Chhoti Si Baat” and “Rajnigandha”. He also directed two hit TV serials namely “Byomkesh Bakshi” and “Rajani”. Basu Chatterjee worked in Hindi as well as Bengali cinema and some of his best known works includes “Khatta Meetha”, “Us Paar”, “Chitchor”, “Baton Baton Mein” and “Piya Ka Ghar”. He received National Film Award for Best Film on Family Welfare for his film Durga in 1992.

 National Basketball Association (NBA) Hall of Famer Wes Unseld passed away. He was one of the greatest American professional basketball player. He led his franchise ‘Washington Wizards’ ( then Baltimore Bullets) to the NBA Championship in 1978. He played for Washington Wizards throughout his entire 13-season playing career and also worked for as a coach and general manager. He was inducted into the Naismith Memorial Basketball Hall of Fame in 1988.

  Former International Archer turned coach Jayantilal Nanoma passed away. He was an Asian Cup and Asian Grand Prix medallist in compound individual and team archery in 2010. He was also the recipient of prestigious Maharana Pratap State Sports Award and was presently serving as the District Sports Officer in Dungarpur. After becoming archery coach, Jayantilal Nanoma produced several national and international level archers from Rajasthan, and also worked as a coach of Indian team in various overseas competitions.

 The Government of India has launched Kisan Credit Card (KCC) campaign for 1.5 crore Dairy Farmers. Under this campaign, GoI will provide Kisan Credit Card to 1.5 crore dairy farmers within the next two months i.e. from 1st June to 31st July 2020. KCC will be provided to those Dairy Farmers who belongs to the Milk Unions and Milk producing Companies. In the first phase of this campaign, the Government of India is planning to cover all farmers who are members of dairy cooperative societies and associated with different Milk Unions and who do not have KCC.


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