As per Second Bi-monthly Monetary Policy Statement for 2019-20, the Reserve Bank of India will stop imposing additional charges on Fund transfer through RTGSand NEFT systems from 1st July, 2019. This has been done to provide an impetus to digital funds movement. |
Source: The Business Today |
‘One Nation One Ration Card’ scheme will be available across the country from July 1, 2020. The scheme will allow portability of food security benefits according to which the poor migrant workers will be able to buy subsidised rice and wheat from any ration shop in the country as long as their ration cards are linked to Aadhaar. |
Source: The Hindu |
The GoI celebrates the Statistics Day to popularize the use of Statistics in everyday life and sensitize the public as to how Statistics helps in shaping and framing policies. The day is celebrated on the birth anniversary of Prof. P C Mahalanobis, on 29th June. Ministry of Statistics and Program Implementation (MoSPI) announced that it will institute the Prof. P.C. Mahalanobis National Award in Official Statistics to recognise and honour the work of Official Statisticians working in the Central Government, State Governments and their Institutions. |
Source: The Press Information Bureau |
The United Nations observe 29 June as International Day of the Tropics. The International Day of the Tropics celebrates the extraordinary diversity of the tropics while highlighting unique challenges and opportunities the Tropical nations face. |
Source: The United Nations |
Malayalam director Babu Narayanan passes away. He directed several Malayalam hits such as ‘Kudumba Vishesham’ and ‘Welcome to Kodaikanal’. Babu Narayanan was also part of the Anil-Babu duo that made several box office hits like Sthreedhanam, Pattabhishekam. |
Source: The Hindu |
Telugu story writer and the Sahitya Akademi award winner Abburi Chaya Devipasses away. Some of her popular stories are Bonsai Bathuku, Prayanam Sukhantam, Akhariki Aidu Nakshatralu, and Wood Rose. |
Source: The Hindu |
The Department of Higher Education of HRD Ministry has finalized and released a five year vision plan named Education Quality Upgradation and Inclusion Programme. |
The Expert Groups have set the following goals for higher education sector:
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Source: The Press Information Bureau |
Exporters body Federation of Indian Export Organisations (FIEO) has elected Sharad Kumar Saraf as its new president. Sharad Kumar Saraf will replace renowned exporter Ganesh Kumar Gupta. |
Source: The Business Standard |
The Reserve Bank relaxed the leverage ratio (LR) to 4% for Domestic Systemically Important Banks (DSIBs) and 3.5% for other banks. This has been done to help them boost their lending activities. The reduced leverage ratio will be effective from the quarter commencing October 1, 2019. The leverage ratio, as defined under Basel-III norms, is Tier-I capital as a percentage of the bank’s exposures. |
Source: The Business Standard |
The GoI has reduced interest rates for small savings schemes by 10 basis points for the July-September quarter of the 2019-20 financial year. Some schemes that will fetch lower interest rates are Kisan Vikas Patra (7.6%), Public Provident Fund (7.9%), Sukanya Samriddhi Account (8.4%). |
Source: The Live Mint |
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