1. Flipkart co-founder joins Ujjivan Small Finance Bank as Director
Ujjivan Small Finance Bank appointed Flipkart founder Sachin Bansal as its independent director.
This is the second big futuristic move by Ujjivan management after it roped in HDFC Bank’s digital banking head Nitin Chugh as its next chief executive.
About Ujjivan Small Finance Bank
- Industry: Banking, Financial services
- Founded: 1 February 2017
- Founder: Samit Ghosh
- Headquarters: Bangalore, Karnataka, India
- Founded: 2007; 12 years ago
- Headquarters: Bengaluru, India
- Founder(s): Sachin Bansal, Binny Bansal
- CEO: Kalyan Krishnamurthy
2. World Environment Day: 05 June 2019
World Environment Day is observed every year on the 5th of June.
- The day is celebrated every year to raise global awareness to take positive environmental action to protect nature and the planet Earth.
- This year the theme of Environment Day is ‘Air Pollution’.
- Environment Minister Prakash Javadekar on the eve of world environment day launched a people’s campaign #SelfiewithSapling urging all to join and plant a sapling and post the selfie with the sapling on social media
3. Delhi government plans free rides for women in metro and buses
Delhi government has announced its plan to subsidize travel in public transport for women commuters in the Capital. The announcement was made by Chief Minister Arvind Kejriwal.
The government intends to allow women to travel for free on metro trains and State-run buses by the month of August-September. The new scheme, which is to be implemented, is to encourage the use of public transport, make it safer and to promote the participation of more women in the city’s workforce currently dominated by their male counterparts.
As many as 8 lakh women constituted the estimated daily commuter force of 25 lakh passengers on the Delhi Metro and around one lakh more were expected to be added. This step will perhaps add an extra one lakh women passengers to the existing daily ridership. It will also increase the participation of women in the city’s workforce.
Indian Navy deployed its P-8I long-range maritime surveillance aircraft for anti-piracy sorties from Salalah in Oman to patrol the Gulf of Aden. This is the second time the P-8I is operated from Salalah for anti-piracy in 2019. It was operated from there first January. It is an expansion of its Mission Based Deployments (MBD) in the Indian Ocean Region (IOR).
- The P-8I provides long-range Maritime Domain Awareness (MDA). The P8I is long-range anti-submarine warfare, surveillance and reconnaissance aircraft capable of broad-area, maritime and littoral operations.
- India had placed orders for 12 P-8 India maritime surveillance and anti-submarine warfare from the US under a USD 2.2 billion dollar deal in 2012.
Also, the country had ordered four more planes to carry out extensive surveillance of the Indian Ocean region and the country’s exclusive economic zone.
India has been conducting anti-piracy patrols in the commercially crucial Gulf of Aden, since 2008. The anti-piracy patrols have been escorting Indian flagged vessels and ships of other countries have also been provided protection.
- The Indian Navy has escorted 3,440 ships, of which 3,027 were of the foreign flag and 413 Indian flags, till date. The Navy now maintains a ship at every choke point in the IOR at any point of time under the MBD concept.
- The aircraft have also helped in detection of Chinese nuclear and conventional submarines operating in the Indian Ocean and waters close to India.
India’s maritime engagement:
As part of expanding engagement maritime engagement, India has stepped up cooperation with Indian Ocean littoral states and maritime neighbors.
Under the Neighbourhood First policy, the Navy undertakes Joint Exclusive Economic Zone (EEZ) surveillance with Maldives, Seychelles and Mauritius and Coordinated Patrols (CORPAT) with Bangladesh, Myanmar, Thailand, and Indonesia.
5. Bank Fraud touched unprecedented Rs 71,500 Crore in 2018-19: RBI
The Reserve Bank of India has revealed that over 6,800 cases of bank fraud involving an unprecedented ₹71,500 crore were reported in 2018-19.
- This is 74% higher than the amount involved in 5,916 such cases reported in 2017-18.
- Anti-corruption watchdog Central Vigilance Commission (CVC) made an analysis and reported on top 100 frauds.
- The bank frauds were categorized and analyzed for 13 sectors, including gem and jewelry, manufacturing and industry, agriculture, media, aviation, service and project, discounting of cheques, trading, information technology, export business, fixed deposits, demand loan and letter of comfort.
- Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) are also probing big-ticket bank fraud cases.
- In 2018, CBI booked former Aircel promoter C Sivasankaran, in connection with an Rs 600-crore loan fraud in the IDBI.
- MD and CEO of Indian Bank, Kishor Kharat (who was then MD and CEO of IDBI Bank) and his counterpart in Syndicate Bank, Melwyn Rego (then deputy managing director in IDBI Bank) along with then Chairman-cum-Managing Director of IDBI Bank M S Raghavan, have been named in the latest FIR filed by the CBI.
6. China will host the 2023 Asian Cup
China will stage the 2023 Asian Cup football after South Korea, Thailand and Indonesia dropped their bids.
- This was confirmed by the Asian Football Confederation in Paris.
- It will mark the second time for China to host the quadrennial continental tournament.
- In the 2004 edition, China had finished runners-up to Japan.
7. VP Sivakolundhu elected as Puducherry Assembly Speaker
Deputy Speaker VP Sivakolundhu was elected as the new Speaker of the Puducherry Assembly.
- The post fell vacant after Congress’ V Vaithilingamstepped down on March 21 to contest the Lok Sabha election from the lone Union Territory seat of Puducherry, which he won with a margin of 1,96,802 votes against his nearest rival K Narayanasamy of All India NR Congress.
- The Congress leader, Sivakolundhu, was the sole contender for the Speaker’s post.
8. CAG Rajiv Mehrishi elected External Auditor for WHO
Comptroller and Auditor General of India Rajiv Mehrishi has been elected as external auditor of the World Health Organization (WHO) for four years from 2020 to 2023.
- Mehrishi was elected at the 72nd World Health Assembly in Geneva last month with a majority
- The CAG of India is currently also on the Board of Auditors of the United Nations and Vice Chair of the UN Panel of External Auditors.
9. RBI approved the appointment of Rakesh Makhija as chairman of Axis Bank
In March, the board of the Axis bank had approved the appointment of Rakesh Makhija as chairman subject to RBI clearance.
- Rakesh Makhija, the independent director was appointed as the non-executive (part-time) chairman of the bank, for a period of 3 years, with effect from July 18, 2019, up to July 17, 2022.
- Rakesh Makhija has held a number of top management positions within the SKF Group. Prior to joining SKF, he was the chief executive officer and managing director of Tata Honeywell Ltd.
10. Sunder Pichai, Nasdaq’s Friedman to receive 2019 Global Leadership Award
Google’s India-born CEO Sundar Pichai and Nasdaq president Adena Friedman have been chosen for the prestigious Global Leadership Awards 2019.
- The award is given by business advocacy group USIBC in recognition of the two companies’ contribution as the leading technology-driven platforms.
- The award by Washington-based US-India Business Council (USIBC) would be conferred upon Indian-American Pichai, and Friedman, during the next week’s ‘India Ideas Summit’.
- Given annually since 2007, the USIBC Global Leadership Awards recognize top corporate executives from the United States and India whose companies play a major role in catalyzing growth in the US-India commercial corridor.
11. High Court declared all animals in Haryana to be ‘legal persons’
The Punjab and Haryana High Court has issued the status of “legal person or entity” to all animals in Haryana, granting them the “corresponding rights, duties, and liabilities of a living person”.
- The verdict comes nearly a year after Uttarakhand High Court passed a similar order “to protect and promote greater welfare of animals”.
- The order was passed in a case where the Court was informed that 29 cows were packed in a cruel manner while being transported from Uttar Pradesh to Haryana.
High Court has issued 29 animal-welfare oriented directions. This includes
- a ban in using animals to pull vehicles in extreme weather,
- limits on loads and the number of people that animals are made to carry,
- limits on the distances that an animal is made to walk at a stretch,
- instructions on how to tether an animal to the vehicle it is made to pull and a ban on the use of spike sticks,
- harness and other sharp instruments to avoid injuring the animal.
12. Indian Jr. women’s hockey team clinch Cantor Fitzgerald U21
The Indian junior women’s hockey team clinched the Cantor Fitzgerald U21 International 4-Nations title after beating Ireland 1-0 in the final at Dublin, Ireland.
- The win meant India ended the tournament with an unblemished record.
- With three goals in four games, Mumtaz Khan finished as the highest goal scorer of the tournament.