Page-20 of Current Affairs - June, 2020

Cooperative Banks brought under RBI

On June 24, 2020, the Union Cabinet chaired by PM Modi approved to bring cooperative banks under the Reserve Bank of India. This is to be done through an ordinance. Highlights There are about 1,482 crores of urban cooperative banks. ..

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Iran’s Islamic Revolutionary Guard Corps to set up Permanent Base in the Indian Ocean

The Islamic Revolutionary Guard Corps has announced that it will set up its permanent military base in the Indian ocean by March next year. The announcement was made by Alireza Tangsiri on 23rd June 2020. Alireza Tangsiri is the Navy ..

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Pradhan Mantri Mudra Yojana

On June 24, 2020, the Union Cabinet under PM Modi approved the scheme for interest subvention of 2% to all Shishu loans under Pradhan Mantri Mudra Yojana (PMMY). Highlights The scheme is to be extended to loans that will meet ..

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World’s Longest Internet Shutdown in Myanmar enters 2nd year

On 21st June 2019, the mobile internet services were shut down by the Myanmar Government in eight townships of the conflict-hit Rakhine State and in one township in Chin State. Between September 2019 to February 2020 the restrictions were lifted ..

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IMF: World Economic Outlook

On June 24, 2020, the International Monetary Fund projected a sharp decline in the growth of Indian Economy. According to the IMF, the Indian economy is to contract by 4.5%. Highlights According to IMF, though India’s growth is to decline, ..

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Pakistan gets another extension on FATF Grey List despite failure to act against terror groups

During the 3rd & and the last Plenary and Working Groups Meeting of the Global anti-money laundering watchdog Financial Action Task Force (FATF) for the current FATF plenary year on 24th June 2020, Pakistan again managed to escape from entering the ..

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