Current Affairs of 24th June
Anjali Singh, Updated On:25-Jun-2019
1.Saudi Arabia launched a new special residency scheme aimed at luring wealthy expats as the petrostate seeks to boost non-oil revenue.
- The scheme offers a permanent residency for 800,000 riyals ($213,000) and a one year renewable residency costing 100,000 riyals ($27,000), according to the online portal for registrations.
- The scheme will allow expats to do business without a Saudi sponsor, buy property and sponsor visas for relatives.
- The move appears to be aimed at boosting non oil revenue as the kingdom seeks to diversify its economy. Though it was approved by the Saudi Cabinet last month, the portal began accepting applications.
2.Union Minister for Environment, Forest & Climate Change and Information & Broadcasting Shri Prakash Javadekar and Minister of State (Independent Charge), Ministry of Development of North East Region; Minister of State PMO; Minister of Personnel, Public Grievances and Pensions; Department of Atomic Energy; Department of Space Dr. Jitendra Singh launched a spectrum of initiatives for the state of Jammu and Kashmir.
- In a vibrant launch ceremony held at SKICC, Srinagar Governor of Jammu and Kashmir Shri Satya Pal Malik and both the Ministers in presence of other dignitaries distributed Doordarshan’s Free Dish Set Top Boxes in Jammu and Kashmir besides launching half an hour Dogri programme and News Bulletin from DD Kashir and the signature tune of the channel.
3.The RBI said it has imposed a fine of Rs 10 lakh on South Indian Bank for violating norms regarding bank guarantees.
- The penalty follows references from a government department and a private party alleging non-payment of invoked bank guarantees by the lender.
- The penalty has been imposed through an order dated June 13.
4.Private sector lender IndusInd Bank and Bharat Financial Inclusion Ltd (BFIL) said their merger will be effective from July 4.
- The National Company Law Tribunal on June 10, 2019 approved the Scheme of Arrangement among BFIL, IndusInd Bank and Induslnd Financial Inclusion and their respective shareholders and creditors.
- IndusInd Bank in October last year decided to acquire the country's leading microfinance player BFIL, which was previously known as SKS Microfinance.
- The boards fixed, July 4, 2019 as the effective date of the scheme, when the NCLT order will be filed by the bank, BFIL and IFIL with the jurisdictional Registrar of Companies.
5.The 39th V.K. Pahuja annual swimming statistical bulletin was released by Meenakshi Lekhi, MP, at the India International Centre.
- Even though the bulletin is supposed to stress on statistics, it has a wealth of information in various articles, segregated into six sections. The 440 page bulletin has records of local, national and international competitions, comparative studies in swimming of the various prominent countries of the world.
- It has the Indian participation details in international arena for about 60 years.
Appointment and Resignation
6.BSP chief Mayawati tightened her family’s grip on the party by appointing her younger brother Anand Kumar as vice president and his son Aakash Anand as national coordinator.
- She informed her party leaders and MPs about the appointments at the BSP’s national level meeting.
7.Qu Dongyu became the first Chinese national to be elected to head the UN’s Food and Agriculture Organization (FAO).
- Mr. Qu, 55, is a biologist by training
8.Aditya Birla Capital is seeing its first top-level exit after more than a decade. Pankaj Razdan, deputy chief executive officer at the financial services firm and also the head of Aditya Birla Sun Life Insurance, has resigned.
- Kamlesh Rao, managing director of the retail arm of Kotak Securities, will take Razdan’s place at the Aditya Birla Group’s life insurance joint venture with Canada’s Sun Life.
9.Viral Acharya has resigned as a Deputy Governor of the Reserve Bank of India (RBI) six months ahead of the scheduled end of his term.
- The youngest deputy governor of the Indian central bank will return to New York University Stern School of Business in August, instead of February 2020, as the CV Starr Professor of Economics. He joined RBI on January 23, 2017, for a three-year term.
10.Former Tamil Nadu Director General of Police (DGP) V.R. Lakshminarayanan, regarded as one of India’s most distinguished IPS officers, passed away in Chennai at the age of 91.
- He graduated in Physics from Madras Christian College in 1945 and then opted for the police service as his father and brother were in the judiciary. A 1951 batch IPS officer, he began his career as Assistant Superintendent of Police (ASP) in Madurai.
11.World Olympic Day is observed on 23rd June all around the world by hundreds of thousands of people (old and young) participate in sports activities, such as runs, exhibitions, music and educational seminars.
- The Olympic Day is an annual global celebration of the spirit of Olympism that motivates millions of people all over the world to discover and experience the joy of sport.
- The theme of this year, ‘United By Sport’ aims to highlight the unifying power of sports regardless of age, gender, religion and nationality.
12.World University champion Gauri Sheoran won gold in the women’s sports pistol in the 19th Kumar Surendra Singh shooting championship at the Dr. Karni Singh Range, Tughlakabad.
13.Roger Federer will head to Wimbledon in high spirits after waltzing past Belgium’s David Goffin in straight sets to win a record extending 10th title at the ATP event.
Source: The Hindu, The Economic Times, The Indian Express, Press Information bureau website