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International News
Israeli Navy Receives Second of New US-Built Landing Craft
The Israeli Navy on June 16, received the second of two new landing craft from a shipyard in the United States, with the vessel mooring at the Haifa Naval Base after making a lengthy voyage to the country. The US-built INS Komemiyut was the Navy’s second landing craft, after the INS Nahshon, which was received in early October last year.
Chinese Scientists Discover New Pattern of Solar Rotation
Chinese scientists have made a significant breakthrough in solar research through the use of their solar exploration satellite, the Chinese H-alpha Solar Explorer (CHASE), which has led to the discovery of a new pattern of solar atmospheric rotation.
Banking News
RBI Penalizes Central Bank of India and Sonali Bank PLC for Violations
The Reserve Bank of India (RBI) has imposed fines on the Central Bank of India and Sonali Bank PLC for breaches related to customer protection and KYC norms. Central Bank of India faces a penalty of ₹1.45 crore for irregularities including improper sanctioning of loans and delays in reversing unauthorized transactions. Meanwhile, Sonali Bank PLC has been fined ₹96.4 lakh for non-compliance with KYC Directions, 2016. These penalties highlight RBI’s commitment to enforcing regulatory and statutory compliance in the banking sector.
RBI Cancels Purvanchal Cooperative Bank’s Licence
The Reserve Bank of India (RBI) has revoked the licence of Purvanchal Co-operative Bank, located in Ghazipur, Uttar Pradesh, citing inadequate capital and bleak earning prospects. Consequently, the Commissioner for Cooperation and Registrar of Cooperative Societies, Uttar Pradesh, has been instructed to initiate the bank’s winding-up process and appoint a liquidator. Upon liquidation, depositors will be eligible to receive up to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC) as per their deposit insurance coverage.
Defence News
India to Host Its First Multinational Air Exercise Tarang Shakti in August
The Indian Air Force (IAF) is set to make history this August by hosting its first-ever multinational air exercise, Tarang Shakti-2024. The exercise is slated to be held in two phases, with the initial phase commencing in the first two weeks of August in southern India, followed by the second phase in the western sector from late August to mid-September.
Summits and Conferences News
India Participates in the Summit on Peace in Ukraine
Shri Pavan Kapoor, Secretary (West) in the Ministry of External Affairs, represented India at the Summit on Peace in Ukraine, hosted by Switzerland at Burgenstock on June 15-16, 2024. India attended the Opening and Closing Plenary Sessions of the Summit but did not align itself with any communique or document that emerged. This highlights India’s consistent and independent approach to achieving a peaceful resolution to the conflict through dialogue and diplomacy.
Ranks and Reports News
Mumbai Retains Top Spot as India’s Most Expensive City for Expats: Mercer Report
In Mercer’s 2024 Cost of Living Survey released on June 17, Mumbai solidifies its position as India’s most expensive city for expatriates, climbing to 136th globally and 21st in Asia. New Delhi follows at 30th within Asia, showcasing a notable shift in cost dynamics across Indian cities. Despite economic challenges, India remains resilient, offering affordability advantages for global talent recruitment. The survey highlights varying cost increases in housing and consumer goods across major Indian cities, with Delhi experiencing the highest rise. Mumbai leads in transportation and personal care costs, while Kolkata emerges as the most economical for essentials. Globally, Hong Kong retains its status as the priciest city for expats, underscoring diverse cost-of-living trends worldwide.
India’s Environment Performance in 2024
India’s latest ranking in the Environmental Performance Index (EPI) for 2024 places it at 176th out of 180 countries, reflecting slight improvement from previous years but still positioning it among the world’s lowest performers. The index, prepared by Yale and Columbia universities, highlights India’s struggles in crucial areas like air quality, biodiversity, and greenhouse gas emissions.
Books and Authors News
Ed Finds A Home: Alia Bhatt’s Heartwarming Children’s Book
Actress Alia Bhatt celebrated Father’s Day in a unique way by unveiling the first look of her debut children’s book, “Ed Finds a Home.” This book marks the beginning of a new series from the “Ed-a-mamma” universe.
Sports News
Lee Zii Jia Triumphs at BWF Australian Open 2024
In a thrilling final at the BWF Australian Open 2024 in Sydney on Sunday (16 June), Lee Zii Jia from Malaysia emerged victorious against Naraoka Kodai of Japan, securing his second title of the season.
Important Days News
International Day for Countering Hate Speech 2024
On June 18th, countries around the world observe the International Day for Countering Hate Speech. This important day aims to raise awareness about the harmful effects of hate speech and promote strategies to identify, address, and counter it.
Sustainable Gastronomy Day 2024 Observed on 18th June
On June 18th, we observe Sustainable Gastronomy Day, a day dedicated to promoting sustainable practices in the world of gastronomy, or the art and study of food and cuisine.
Obituaries News
Former Odisha Governor Murlidhar Chandrakant Bhandare Passes Away
The state of Odisha mourns the loss of Murlidhar Chandrakant Bhandare, the former Governor of the state, who passed away on June 15 at the age of 95.
Miscellaneous News
Chenab Bridge: Indian Railways Conducts Trial Run on World’s Highest Steel Arch Rail Bridge
The Indian Railways completed a successful trial of an electric engine from Sangaldan to Reasi, crossing the world’s highest steel arch rail bridge, the Chenab Bridge.
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