 The Deputy Prime Minister of Russia Yury Trutnev addressed a gathering of businesspersons and industrialist in Mumbai and invited Indian Investments in the Russian Far East. India Russia business tie has been hugely tilted favouring defence sector traditionally. Deputy Prime Minister of Russia Yury Trutnev will meet External Affairs Minister S Jaishankar. |
| Source- Press Information Bureau (PIB) |
 The GoI will set up 51 new incubators for startups in the information and communications technology space across India as part of its Technology Incubation and Development of Entrepreneurs (Tide) 2.0 scheme. Tide 2.0 will offer financial and technical support to incubators supporting ICT startups that are involving usage of deep technologies including artificial intelligence, blockchain, robotics, and internet of things in “pre identified areas of societal relevance”. The scheme has categorized the selection of incubators into three categories: Group 1 Centre (G1C), G2C, and G3C. |
| Source: The Financial Express |
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| Om Birla, a two-time Bharatiya Janata Party (BJP) member of Parliament (MP) from Rajasthan, is set to be unanimously elected as the 17th Lok Sabha Speaker. Om Birla was elected to the 17th Lok Sabha from the Kota-Bundi constituency. |
| Source- The Livemint |
 Reserve Bank fined country’s largest private sector lender HDFC Bank Rs 1 crore for not reporting frauds and non-compliance with other directions. The fine pertains to submission of forged bill of entries (BoEs) by certain importers to HDFC Bank for remittance of foreign currency. |
| Source: The Economic times |
 Autistic Pride Day is being observed on 18th June every year. Autistic pride recognizes the importance of pride for autistics and understands it not as a disease but as a difference. Autistic Pride Day was initiated by Aspies For Freedom, a group that raises public awareness about autism rights. |
| Source- News On AIR |
 Sustainable Gastronomy Day is organized across the world on 18th June. The UN General Assembly adopted in December 2016 its resolution and designated 18 June as an international observance. |
| Source- The United Nations |
 Former Egyptian President and a top figure in the Muslim Brotherhood, Mohamed Morsy passed away. He served as Egyptian President from 30 June 2012 – 3 July 2013. |
| Source: The Hindu |
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| Gary Woodland won the 119th US Open, capturing his first Major title after defeating two-time defending champion Brook Koepka. |
| Source: The Hindu |
 Facebook has announced a digital currency called Libra that will allow its billions of users to make financial transactions across the globe. Libra is being touted as a means to connect people who do not have access to traditional banking platforms. Technology to make transactions with Libra will be available as a standalone app – as well as on WhatsApp and Facebook Messenger platforms – as early as 2020. |
| Source: The Guardian |
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| Dr. Rabi N. Mishra has been elevated from principal chief general manager to Executive Director in the Reserve Bank of India. Mishra’s portfolio now includes non-banking and Co-op bank supervision as well as the College of Supervisors. Current strength of Executive directors in RBI is 12. |
| Source: The Economic Times |
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