1.Tamil Nadu government announced a ban on manufacture, sales, storage and usage of disposable plastic across State with effective from January 1, 2019.However, the ban excludes using disposable plastic for packaging milk, curd, oil and medical utilities.The ban was primarily on plastic carry bags, plastic plates, plastic cups, plastic flags, small plastic sachets used in packaging water.
2.SEBI amended its ‘Takeover Code’ to remove capital infusion hurdles in companies with approved resolution plans under the Insolvency and Bankruptcy Code (IBC).The SEBI move is expected to smoothen the implementation of successful resolution plans.The ‘Takeover Code’ barred acquirers of shares in a company from entering into any transaction.
3.Food Processing Ministry will soon create its new financial institution which will exclusively fund food processing projects and create capacity building in the field of risk assessment and lending to food processing sector.The Agro-Processing Financial Institution will be a non-banking financial institution.The government is likely to hold a minority stake in this NBFC.
4.The government will begin a five-year exercise to compute district-level data of the country’s environmental wealth.The numbers will eventually be used to calculate every State’s ‘green’ Gross Domestic Product (GDP).The metric will help with a range of policy decisions, such as compensation to be paid during land acquisition, calculation of funds required for climate mitigation, and so on.
5.World Environment Day is the UN’s most important day for encouraging worldwide awareness and action for the protection of our environment.World Environment Day is the “people’s day” for doing something to take care of the Earth.The theme for the World Environment Day 2018 is “Beat Plastic Pollution”.Every World Environment Day has a different global host country. This year it is India.
6.India and its two strategic partners — the US and Japan — will hold the Malabar naval exercise from next week off the coast of Guam in the Philippine Sea.It will aim to deepen cooperation in the Indo-Pacific region where China has been expanding its military footprint.Malabar is a trilateral naval exercise involving the United States, Japan and India as permanent partners.
7.Mahesh Kumar Jain has been appointed as Deputy Governor of the Reserve Bank of India for a term of three years.Presently, he is the Managing Director and CEO of IDBI Bank.
8.The Ministry of Agriculture and farmers’ welfare has launched the Krishi Kalyan Abhiyaan (KKA) from 1st June 2018 till 31st July 2018.The Abhiyan will aid, assist and advice farmers on how to improve their farming techniques and raise their incomes.The Krishi Kalyan Abhiyaan will be undertaken in 25 Villages with more than 1000 population each in Aspirational Districts.
9.Ministry of MSME and Ministry of AYUSH signed a MoU.The MoU will create synergies through the institutions and schemes of both ministries for the development of AYUSH enterprises in the country.The objective of this partnership is to position India as a world leader in “Holistic Healthcare”.
10.Telangana government and the LIC signed a MoU for the implementation of a Rs five lakh life insurance scheme for the benefit of farmers in the state.The scheme will be implemented from August 15.The agriculture department alone would implement the scheme and the AEOs (Agriculture Extension Officers) should get the insurance papers filled up by farmers before August 15.
0 Comment to "ONE LINER OF THE DAY 5th June 2018."
Post a Comment