 According to Department for Promotion of Industry and Internal Trade, Fund of Funds for Startups have provided financial support to 249 startups in last 3 years. The DPIIT is the monitoring agency and Small Industries Development Bank of India is the operating agency for FFS. FFS contributes to the corpus of SEBI registered Alternative Investment Funds (AIFs).These AIFs in turn have to invest at least twice the contribution under FFS in startups. |
| Source: The Business Standard |
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| IT firm Tech Mahindra has signed a multi-year contract with Airbus for cabin and cargo design engineering. The contract aims to capitalise on the specialised skills and competencies in the growing cabin engineering business over the next few years. |
| Source: The Hindu |
 Competition Commission of India (CCI) has approved the merger of the Indiabulls Housing Finance and Lakshmi Vilas Bank. Lakshmi Vilas Bank is going to merge with Indiabulls Housing Finance in a share swap deal with intent to create a combined entity with a larger capital base and wider geographical reach. After the merger, Indiabulls Housing Finance will get access to low cost deposits, geographical diversification and expanded client base and cross selling opportunities. |
| Source: The Live Mint |
 World Music Day is observed every year on June 21. Each year there are events in over 120 countries and 700 cities around the world, not including France where there were too many events to count. The event is also known as Fête de la Musique (or World Music Day) and originated in France in 1982. |
| Source- The Quint |
 The International Day of Yoga is being observed on 21st June every year. The International Day of Yoga aims to raise awareness worldwide of the many benefits of practicing yoga. This is the 5th Edition of International Day of Yoga. Theme: Yoga for Climate Action |
| Source: The United Nations |
 Union Minister of Finance and Corporate Affairs chaired the 20th Meeting of the Financial Stability and Development Council (FSDC) held in New Delhi. The FSDC Meeting was also attended by senior officers of the Government of India and the Financial Sector Regulators. The meeting reviewed the current global and domestic economic situation and financial stability issues including those concerning Banking and NBFCs. |
| Source: The Press Information Bureau |
 India has granted financial support of $15 million to Niger for the African Union Summit. Sub-Saharan Niger is hosting the African Union Summit for the first time. India is also building a convention centre in Niger as part of a plan to build chain convention centres across 20 African states as signature infrastructure projects. |
| Source: The Economic Times |
 Nitesh Kumar Jangir, an Indian engineer has won the 2019 Commonwealth Secretary General’s Innovation for Sustainable Development Award in the “People” categoryin London. Nitesh Kumar Jangir created Saans, a breathing support device to tackle avoidable deaths of premature babies from respiratory distress syndrome. |
| Source: The Times Of India |
 The Himachal Pradesh government makes mandatory for trekkers to carry a GPS device so that they can be provided all possible help in case of any emergency. According to the Himachal Pradesh government, as Himachal Pradesh being a disaster prone state, therfore
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| Source: The Business Standard |
 National Council of Educational Research and Training organised 4th edition of National Yoga Olympiad of school children in New Delhi. The Olympiad was inaugurated by the Director and UNESCO Representative for India, Mr. Eric Falt. This year 567 students from 33 States/UTs participated in the Olympiad. The purpose of olympiad was to create positive attitude among all human beings and promote peaceful living together in the society. |
| Source: The Press Information Bureau |
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