Current Affairs June 2022

RBI appointed Anand Mahindra and Venu Srinivasan to RBI Board

The Central Government has nominated Anand Gopal Mahindra (Chairman of Mahindra group), Venu Srinivasan (TVS Motor’s Chairman), Pankaj Ramanbhai Patel (Zydus Lifescience’s Chairman ) and Ravindra Dholakia (IIM Ahmedabad’s ex-faculty) as part-time non-official Directors on the Central Board of RBI. The appointment will be for a period of four years and effective from June 14. RBI Governor: Shaktikanta […]

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Adani Transmission gets ‘green loan’ tag for $700-mn revolving facility

Adani Transmission Limited (ATL) has been tagged as ‘green loan’ by Sustainalytics for its USD 700 million revolving loan facility. ATL has also signed an energy compact goals as part of COP26 and the energy compact with the UN in November, 2021. This revolving facility project is being implemented in Gujarat and Maharashtra. Sustainalytics, provides analytical environmental, social and governance

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Eighth Global Conference of Young Parliamentarians held in Egypt

The Eighth Global Conference of Young Parliamentarians has been started in Sharm El Sheikh, Egypt to address climate change. The two-day conference is being jointly organized by the House of Representatives and the Inter-Parliamentary Union (IPU). Nagaland’s first woman elected as Member of Parliament to Rajya Sabha, S. Phangon Konyak is representing India at the Conference. Inter-Parliamentary Union (IPU) HQ: Geneva, Switzerland

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India’s unemployment rate falls to 4.2% in 2020-21

As per the Periodic Labour Force Survey (PLFS) for 2020-21 (July-June), the unemployment rate of India has declined to 4.2%in 2020-21 (July-June). The survey was released by the Ministry of Statistics and Programme. The labour force participation rate has been raised to 41.6%. The unemployment rate was 4.8% and the labour force participation rate was 40.1% in 2019-20. The PLFS

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Google announces startup accelerator program for women founders

Google has announced a program for women founders, ‘startup accelerator program’, which will help them address challenges such as fundraising and hiring. The first batch of the Google for Startups Accelerator India – Women Founders will enroll up to 20 women-founded co-founded startups in the country, and support them through a three-month program. The selected Startups will receive support and

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The 4th Global Startup Ecosystem Report released

As per the Global Startup Ecosystem Report (GSER), the startup ecosystem in Kerala has been ranked as the best in Asia and fourth in terms of Affordable Talent. Bengaluru city, has been moved up to number 22 in the ranking. The report also showed that the Bengaluru’s tech ecosystem value is at $105 billion which is higher than that of Singapore

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Arati Prabhakar appointed as the Science Advisor to US President, Joe Biden

Indian-origin physicist Arati Prabhakar is expected to be named as the scientific adviser to United States President Joe Biden this week. Biden is also expected to nominate Prabhakar as the director of the White House Office of Science and Technology (OSTP). She succeeded Eric Lander. She would be the first woman and the first person of color to

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BRICS PartNIR Innovation Center signs MoU with BRICS bank

The BRICS Partnership on New Industrial Revolution (PartNIR) Innovation Center and the BRICS New Growth Bank (NDB) signed a memorandum of understanding (MoU) to enhance bilateral cooperation and boost BRICS countries’ common development. The name BRICS stands for Brazil, Russia, India, China, and South Africa, a group of emerging markets. It is home to more than 40% of the worldwide population and

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Tamilnad Mercantile Bank gets SEBI’s nod to float IPO

Private sector lender Tamilnad Mercantile Bank has received capital markets regulator Sebi’s go ahead to mop-up funds through an initial share sale. The Initial Public Offer (IPO) comprises a fresh issue of 1,58,27,495 equity shares and an Offer For Sale (OFS) of up to 12,505 equity shares by shareholders, according to the Draft Red Herring

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Tamil Nadu launched Ennum Ezhuthum scheme to bridge learning gap

Tamil Nadu launched Ennum Ezhuthum scheme to bridge learning gap – Tamil Nadu Chief Minister MK Stalin launched the Ennum Ezhuthum scheme to bridge the learning gap that was caused due to the COVID pandemic among students aged below eight and was launched at an event in Azhinjivakkam panchayat union middle school, Tiruvallur. Under the programme:

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