29th June 2018 Current Affairs

Contents

President launches Solar Charkha Mission

President Ram Nath Kovind launched the Solar Charkha Mission, under which the Ministry of Micro Small and Medium Enterprise (MSME) will cover 50 clusters, with each cluster employing 400 to 2000 artisans.
Under the Scheme, the Government will give a subsidy of Rs 550 Crore to thousands of rural artisans generating employment in rural India.
The scheme is expected to contribute to the green economy.

Indian sprinter Dutee Chand set a new National record in the women’s 100 m event.
Chand achieved a 100m time of 10. 29 seconds, beating her own record of 10.30 seconds.
She achieved this at the 58^th National Inter State Senior Athletics Championships at the Sarusajai Stadium in Guwahati.
Dutee qualified for the Asian Games in 100m and 200m breaching the qualifying timings at the Inter State Championships.

India’s rank on the Global Real Estate Transparency Index (GRETI) has increased by one spot. India now sits at 35^th on the index of 100 countries.
In 2014, India was ranked 40^th, while in 2016 India stood at 36^th in the index that is released once in every two years.
The Country’s real estate market is currently placed in the “semi-transparent zone”.
According to the data, UK is ranked as the best in the world in the real estate transparency. The nation is followed by US and Australia.
France, Canada, Netherlands, New Zealand, Germany, Ireland and Sweden round up the top 10.
Among the South Asian countries, Sri Lanka is the 66^th while Pakistan is 75^th
Venezuela has the least transparent market, ranking 600^th .

The Financial Task Action Force (FATF) has placed Pakistan on its “Grey List” for failing to curb terror financing.
The decision was taken at the FATF planery session in Paris.
Being put on the Grey List means that Pakistani’s economy could be affected.

SBI managing director (MD) B Sriram has resigned from the bank.
He was recently appointed MD and CEO (chief executive officer) of IDBI Bank for a temporary period of three months.
Sriram was appointed by the government to the IDBI position after M K Jain left to take over as Deputy Governor of the RBI.
LIC is looking to enter the banking space by acquiring a majority stake in IDBI Bank.
Sriram is the longest-serving public sector bank MD.