 The RBI has slapped a penalty of Rs. 2 crores on Kotak Mahindra Bank for the non-state lender’s failure to adhere to the regulator’s diktat on promoter shareholding. The central bank has been engaged in a dispute with Kotak Mahindra since 2014 over its failure to meet the milestone for stake reduction by Uday Kotak, the billionaire promoter of the bank. |
| Source-The Economic Times |
 Maldives will confer ‘Nishan Izzuddin’ award on Prime Minister Narendra Modi. It is the highest award to honour foreign nationals. Prime Minister Narendra Modi will arrive in Male on the first leg of his two-nation tour to the Maldives and Sri Lanka. This will also be the first bilateral visit to the Maldives of an Indian Prime Minister after 2011. |
| Source- All India Radio (AIR News) |
 Commerce and Industry Minister Piyush Goyal is leading the Indian delegation for the two-day G20 Ministerial meeting on Trade and Digital Economy beginning at Tsukuba city in Japan. Mr. Goyal will discuss developments in the global trade situation, WTO matters, and digital trade. He will also hold dialogue with other participating Trade Ministers on current international trade and investments. The G-20 Trade Ministers deliberations will form part of the G-20 Summit Leaders agenda in the formal discussions and will also be a part of the Summit Declaration. |
| Source- Business Standard |
 World Food Safety Day is observed every year on 7th June. The theme for World Food Safety Day 2019 is ‘Food Safety, Everyone’s Business’. Food safety is the absence of safe, acceptable levels of hazards in food that may harm the health of consumers. |
| Source- The United Nations |
 Confederation of Indian Industry (CII) has launched a Fiscal Performance Index (FPI) to assess state and central budgets. The Index incorporates qualitative assessments of revenue expenditure, capital expenditure, revenues, fiscal prudence and the level of public debt arrive at a more holistic picture of fiscal performance than the fiscal deficit to GDP ratio according to the CII. As an example, the index will consider expenditure on infrastructure, education, healthcare and other social sectors beneficial for economic growth compared to other revenue expenditure. It will also consider tax revenues a more sustainable source of revenues for the government as compared to one-time income sources. |
| Source- The Economic Times |
 The 2019 FIFA Women’s World Cup is the 8th edition of the FIFA Women’s World Cup, the quadrennial international football championship contested by the women’s national teams between 7 June and 7 July 2019. The Championship will be held in nine cities across France. In March 2015, France won the right to host the event, the first time the country will host the tournament, and the third time a European nation will. |
| Source- FIFA |
 The Delhi Metro Rail Corporation (DMRC) has become the first ever project in the country to receive power generated from a waste-to-energy plant. It has started receiving 2 MW power from a 12 MW capacity waste-to-energy plant set up in Ghazipur. The waste-to-energy plant set up by East Delhi Waste Processing Company Limited (EDWPCL) is based on a Public Private Partnership (PPP) involving the Delhi government and East Delhi Municipal Corporation (EDMC), besides the EDWPCL. Currently, DMRC is producing 28 MW of solar power from the various rooftop solar power plants. |
| Source- The Economic Times |
 Six-time Grammy-winning musician Malcolm John Rebennack, better known as Dr John, passed away aged 77. The singer-songwriter suffered from a heart attack. He started his career as a pianist in the 1950s and gained popularity following the release of his first album in 1968. |
| Source- The Reuters |
 Sunil Chhetri became the most capped India player by surpassing Bhaichung Bhutia’s 107 international matches. In his milestone match of the King’s Cup football tournament in Buriram, Thailand, he scored the lone goal for his side for his 69th goal. |
| Source- News On AIR |
 In a bid to spur investment and create new employment opportunities, Prime Minister Narendra Modi set up two Cabinet committees to deal with the two crucial issues. Both the panels, respectively on Investment and Growth and on Employment and Skill Development, will be headed by the prime minister. The Cabinet Committee on Investment and Growth will have Union Home Minister Amit Shah, Finance Minister Nirmala Sithataman, Road Transport and Highways Minister Nitin Gadkari and Railways and Commerce Minister Piyush Goyal as its members. |
| The Cabinet Committee on Employment and Skill Development will include, besides Shah, Sithataman and Goyal, Agriculture Minister Narendra Singh Tomar, HRD Minister Ramesh Pokhriyal ‘Nishank’, Petroleum Minister Dharmendra Pradhan, Minister of Skill Development M N Pandey, Labour Minister Santosh Kumar Gangwar and Housing and Urban Development Minister Hardip Puri. |
| Source- DD News |
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