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Current Affairs of 1 July 2018

Keshav Kishore, Published On:01-Jul-2018


1.        India welcomed grey-listing of Pak by FATF

·    After the listing of Pakistan in the grey list of Financial Action Task Force (FATF), India welcomed the decision with a hope that Pakistan would prevent terror acts emanating from its territory.

·    FATF is an inter-governmental organization which was established in 1989 on the initiative of G7 countries to combat money laundering and further it expanded its domain to vigil terror financing.

·    Grey-listing of Pakistan means now Pakistan will require additional guarantees while borrowing from international donors such as the International Monetary Fund (IMF).


2.        World Social Media Day: 30th June       

·    Every year June 30 is celebrated as Social Media Day after the establishment of multi-platform media company- Mashable in 2005.

·      The day signifies the social-media impact on global communication.

·      Prime Minister Narendra Modi and many prominent leaders of the country greeted people on the occasion of the day.


3.        Mallya summoned by PMLA court

·        A special court formed under Prevention of Money Laundering Act (PMLA) has summoned businessman Vijay Mallya under the Fugitive Economic Offender Ordinance on the ED application.

·       Prevention of Money Laundering Act, 2002 is the Magna-Carta for anti-money laundering in India.

·        Enforcement Directorate (ED) is entitled to work under PMLA.


4.        Mother’s milk bank: Aanchal

·      Rajasthan government has established mother’s milk bank in 18 districts.

·      Rahasthan will be first state in the country to establish a government-run community milk banking system.

·      The bank will collect excess breast milk from lactating mothers and will provide infants deprived of it.

·      The current establishment will provide mother milk to 20,000 infants.

Source: The Hindu, The Indian Express, PIB

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