1. ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses.
2.IDBI provides long run finance to industries. Industrial Development bank of India (IDBI) was constituted under Industrial Development bank of India Act, 1964 as a Development Financial Institution and came into being as on July 01, 1964 vide GoI notification dated June 22, 1964. It was regarded as a Public Financial Institution in terms of the provisions of Section 4A of the Companies Act, 1956. It continued to serve as a DFI for 40 years till the year 2004 when it was transformed into a Bank.
3.Suriname Capital- Paramaribo, Currency- Surinamese dollar, President- Desire Delano Bouterse.
4.The US administration has dismissed a third-party role in resolving the Kashmir dispute between India and Pakistan.“We believe the pace, scope and character of any discussion on Kashmir are for the two sides to determine,” it said.This comes after Chinese Ambassador to India Luo Zhaohui said trilateral cooperation between India, China and Pakistan could help resolve the issue.
5.To ensure better management of currency notes, the country’s first currency administrative branch of the State Bank of India has come up here in Lucknow. Called “Cash Factory”, it will house the currency chest of the Reserve Bank of India. The licence for the cash factory has been issued by the RBI.
6.The world's first of its kind and state-of-the-art International Centre for ‘Humanitarian Forensics’ (ICHF) was launched at the Gujarat Forensic Sciences University in Gandhinagar, Gujarat.The main aim of the Centre would be to provide service to the nation and to the entire world when the need arises.
7.Canada has become the second nation in the world the first G7 nation to legalize marijuana.Uruguay was the first country to legalize marijuana’s production, sale and consumption in December 2013.Medical marijuana is already legal in Canada.
8.A debit card is a plastic payment card that can be used instead of cash when making purchases. It is similar to a credit card, but unlike a credit card, the money comes directly from the user's bank account when performing a transaction.
9.The World Music Day is celebrated across the world on 21 June. The day is also known as 'Fete de la Musique' after a music festival that began in France in 1982.This Day was first celebrated on 21st June 1982.
10.The Chief Economic Advisor (CEA) of India, Arvind Subramanian had resigned from the post and will return to the US because of "pressing family commitments". The announcement was made by Mr Arun Jaitley.Subramanian was appointed as CEA to the finance ministry in October 2014, for the period of three years. In 2017 his term was extended for a year.
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