1.The Reserve Bank of India has imposed a penalty of ₹50,000 on Universal Co-operative Urban Bank, Mancherial, Telangana.The penalty has been imposed on the bank as it had violated RBI’s directive and guidelines on loans and advances to directors and their relatives.Urjit Patel is the Governor of Reserve Bank of India which is headquartered at Mumbai.
2.NRI industrialist Lord Swraj Paul has received a lifetime achievement award for his contributions towards promoting brand India in UK.The founder of Caparo Group of industries, Paul was recognised at a UK & Asia Business Awards ceremony, organised by World Consulting & Research Corporation.
3.The Reserve Bank of India has advanced the Monetary Policy Committee (MPC) meeting by a day to June 4 and also increased the duration to three days.It is for the first time that the MPC will meet for three days.The six-member MPC, headed by the RBI Governor, sets the benchmark interest rate.MPC was set up by amending the Reserve Bank of India Act, 1934, through the Finance Act 2016.
4.The Reserve Bank of India (RBI) has slapped a penalty of ₹ 50 million on South Indian Bank Limited for non-compliance with the directions issued by it.The non-compliance pertains to Income Recognition and Asset Classification (IRAC) norms, Know Your Customer norms and treasury function.Further, the bank is also pulled up for deficiencies in its compliance function and compliance culture.
5.The Union Environment Ministry has launched a drive aimed at cleaning 24 beaches and water bodies as well as 24 polluted river stretches in the run-up to the World Environment Day on June 5.The theme of the World Environment Day, to be hosted by India this year, is ‘Beat plastic pollution’.
6.Shivangi Pathak from Haryana has become youngest women of the country to scale Mt Everest.16-year-old Shivangi climbed the Mt Everest to spread the message that women could overcome any obstacle to achieve their goals.
7.US Senate has approved Veteran spy Gina Haspel as CIA’s first female director.She replaces former CIA chief Mike Pompeo who was recently made Secretary of State.Central Intelligence Agency is a civilian foreign intelligence service of US federal government that analyses national security information from around the world.
8.The inaugural National Para Games, on the lines of National Games for able-bodied athletes, will be held under the Khelo India Scheme in June-July in Bengaluru.The Paralympic Committee of India will be responsible for the technical conduct of the Games.All the funding will be done by the Sports Ministry under the Khelo India Scheme.
9.According to the UN World Economic Situation and Prospects (WESP), India’s economy is projected to grow 7.6% in the fiscal year 2018-19, remaining one of the fastest growing economies in the world.This is a substantial recovery from the 6.7% growth India registered in the year 2017.
10.Anamalai Tiger Reserve, earlier known as Indira Gandhi Wildlife Sanctuary and National Park (IGWLS&NP) and previously as Anamalai Wildlife Sanctuary, is a protected area located in the Anaimalai Hills of Pollachi, Valparai and Udumalpet taluks of Coimbatore District and Tiruppur District, Tamil Nadu state, South India.
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