Current Affairs – June, 2019

IOA President Narinder Batra elected to IOC

Narinder Batra, President of Indian Olympic Association (IOA) was elected as a member of International Olympic Committee (IOC) in Lausanne, Switzerland. He secured 58 votes out of 62 polled. About Narinder Batra He was elected to prestigious seat during the 134th IOC Session being held in Lausanne, Switzerland. His election is linked to his function Read More…

World Bank partners with First Resilient Kerala Program

The Government of India, Government of Kerala and World Bank recently signed a Loan Agreement of $250 Million for First Resilient Kerala Program which seeks to enhance State’s resilience against impacts of natural disasters and climate change. Background The 2018 floods and landslides in Kerala wreaked havoc on property, infrastructure, and lives and livelihoods of Read More…

RBI permits ARC to buy financial assets from Peers

The Reserve Bank of India (RBI) has permitted Asset Reconstruction Companies (ARCs) to acquire financial assets from peers i.e. other such entities. However, RBI, the apex banking regulator cleared that all such transactions have to be settled in cash. Key Highlights The ARCs have been allowed to acquire financial assets from other ARCs, in the Read More…

Indian Railways conducting trials of Tri-Netra technology

Union Minister of Railways Piyush Goyal during Question Hour informed Rajya Sabha members that Indian Railways is conducting TRI-NETRA (Terrain Imaging for Drivers Infrared, Enhanced, Optical & Radar Assisted) technology for detecting obstructions on tracks. Key Highlights Background: First in 2002-03 India Railways has developed a modern technology and tried it extensively but it was Read More…

‘Go Tribal’ campaign launched

Go Tribal campaign, was launched by Union Ministry of Tribal Affairs and TRIFED (Tribal Cooperative Marketing Development Federation of India) in association with Amazon Global. Key Highlights about Campaign Objective: To create awareness and promote tribal arts and crafts as well as help in socio-economic welfare of more than 700 Indian tribes, by promoting and Read More…