GoI introduces Floating Rate Savings Bonds

On June 26, 2020, the Government of India introduced Floating Rate Savings Bonds. Highlights The bond is to replace savings bonds that were offered by GoI till May 28, 2020. The operational guidelines and the details of the bond are ..

Month: Current Affairs - June, 2020

Super Earth Discovered

The Astronomers at the University of Gottingen detected a system of super earth planets. The planets are orbiting a near by star Gliese 887. It is the brightest red dwarf star in the sky. About the discovery The Super earth ..

Month: Current Affairs - June, 2020

June 27: International MSME Day

Every year, the International MSME (Micro, Small and Medium Enterprises) Day is celebrated on June 27 by the United Nations. Highlights The day was declared as MSME day on the 74th Plenary meet of UN General Assembly in 2017. The ..

Month: Current Affairs - June, 2020

US to impose Sanctions on China over its Hong Kong Law

On June 26, 2020, the US Senate approved the bill unanimously to impose sanctions on individuals and business that are undermining the autonomy of Hong Kong. What is the issue? China recently imposed a strict National Security Law on Hong ..

Month: Current Affairs - June, 2020

‘At One Click’ Initiative launched by Gujarat Government for MSMEs & Other Bigger Industries

For 12,247 Micro, Small, and Medium Enterprises (MSMEs) and bigger industrial units (including the textile industry) in the state, the Gujarat Government on 26th June 2020 has launched an online cash aid initiative. The initiative is named as ‘At One ..

Month: Current Affairs - June, 2020

Indian Oil Corporation launches battery swapping facility for EVs

On June 26, 2020, the Indian Oil Corporation (IOC) launched battery swapping facility for Electric Vehicles at its petrol pumps. The facility will replace discharged batteries with charged batteries in 2 minutes. Highlights The IOC is to begin its battery ..

Month: Current Affairs - June, 2020

Swiss Money: India moves down to 77th rank

On June 26, 2020, the Swiss National Bank released its analysis of annual banking statistics. According to the report, India ranked low when it comes to money held by Indian individuals and organizations with the Swiss banks. Highlights The United ..

Month: Current Affairs - June, 2020

Yusuf Memon: 1993 Mumbai Serial Blast Convict dies in Nashik Prison

On June 26, 2020, the 1993 Mumbai serial blast convict Yusuf Memon died at Nashik Prison. He is the brother of absconding accused Tiger Memon. Highlights Tiger Memon was the mastermind of the 1993 Mumbai blasts. He was alleged along ..

Month: Current Affairs - June, 2020

Apollo Tyres commissions its Andhra Pradesh Manufacturing Plant

As per a 2016 Memorandum of Understanding (MoU) signed between the State Government of Andhra Pradesh and Gurugram headquartered Apollo Tyres Limited, the company will set up its new manufacturing unit at Chittoor district of the state. The foundation stone ..

Month: Current Affairs - June, 2020

Electricity (Amendment) bill, 2020 to bring about reforms in power sector

The Government of India is to bring about major reforms in the power sector by making amendments to the Electricity Bill. The Minister of State for Power Shri R K Singh recently held a press meet to clarify the misconceptions ..

Month: Current Affairs - June, 2020