1. Pakistan approved Rs 930 crore fund to support the stock market
Pakistan has approved a fund of 2,000 crore Pakistani rupees (₹930 crore) to help boost its stock market.
- Pakistan’s stock market is one of the world’s worst performing over the past two years.
- The fund is expected to invest in government-owned entities and would be activated if those stocks were to decline in value.
2. Assam govt hiked parental income limit under the fee waiver scheme
Assam government has hiked the parental income limit to waive admission fees for students taking admission up to Post Graduate level.
- All provincialized government colleges and 5 universities are incorporated under the scheme.
- Student’s whose parental income is less than 2 lakh rupees per year can avail the benefits.
3. Punjab to ban online delivery of food without hygiene rating as per FSSAI guidelines
Punjab State government plans to ban online delivery of food without hygiene rating as per the Food Safety and Standards Authority of India (FSSAI) guidelines. The announcement was made by the Health Minister Brahm Mohindra announced on 30 May. The decision was taken under the ‘Tandarust Punjab Mission’.
Conditions laid by the State
- Health Minister of the State Brahm Mohindra has issued directions to all online food order and supply companies to display the hygiene rating of the food business operators registered with them.
- The State has given three months for compliance with the law. After the deadline, no online food order will be delivered in the state without the hygiene rating.
- The online food companies can take orders from consumers and deliver it after procuring the hygiene rating from the Food Business Operators associated with them.
The online food order and door to door delivery mechanism of the food supply have created a physical disconnect between consumers and the food maker. Therefore, the onus of ensuring the quality of food and1 that conditions under which food is prepared are hygienic has shifted to the intermediate food delivery mechanism.
Food Safety and Standards Authority of India (FSSAI)
- Formed on: August 2011
- Headquarters: New Delhi
- Chairperson: Rita Teotia
- CEO: Pawan Kumar Agarwal
- Parent Organization: Ministry of Health & Family Welfare
It is established under the Food Safety and Standards Act, 2006
It is responsible for protecting and promoting public health through the regulation and supervision of food safety.
4. Nirmala Sitharaman will present her first Union Budget on July 5
New Finance Minister Nirmala Sitharaman will present her first Union Budget for 2019-20 on July 5.
- The Economic Survey will be presented by the new Chief Economic Adviser Krishnamurthy Subramanian on July 4.
- The first session of the 17th Lok Sabha is set to begin on June 17 and will continue till July 26.
- The house will elect a speaker on June 19.
- Ms. Sitharaman, 59, is the senior-most woman minister in PM Modi’s cabinet and the second woman to head the finance department after late former prime minister Indira Gandhi.
5. Cabinet approved Rs 3,000 pension scheme for small shopkeepers, retail traders
The newly-inducted Union Cabinet approved a new scheme which assures minimum monthly pension of ₹3,000 per month to small shopkeepers, retail traders, and the self-employed people after attaining the age of 60 years.
This is being done as part of the Modi government’s efforts to offer universal social security.
- The scheme will benefit three crore, retail traders and shopkeepers.
- Five crore traders are expected to join the scheme in the next three years.
6. Telangana celebrated state formation day
June 2, 2019, marks the fifth Telangana State Formation Day.
- On 2 June 2014, the area was separated from the northwestern part of Andhra Pradesh as the newly formed 29th state with Hyderabad as its historic permanent capital.
- It is also known as India’s youngest state.
- Governor: E. S. L. Narasimhan
- Chief Minister: K. Chandrashekar Rao
- Rajya Sabha seats: 7
- Lok Sabha seats: 17
7. Former Indian President of India Pratibha Patil conferred the Orden Mexicana del Aguila Azteca award
Former Indian President Pratibha Patil has been conferred the “Orden Mexicana del Aguila Azteca” (Order of the Aztec Eagle), the highest civilian award of Mexico given to foreigners, on 1 June 2019.
The Ambassador of Mexico to India, Melba Pria, conferred the award on Patil, who created history as this country’s first woman President (2007-2012), at a special ceremony held in the MCCIA Bhavan, Pune.
Mexico’s highest distinction for foreigners is in recognition of their outstanding services to the Mexican nation or humanity, significant contributions to strengthening the bilateral relations between Mexico and other countries.
Other India Awardees:
- Ms. Patil, 85, becomes only the second Indian head of state to get the award. Earlier, the late President S. Radhakrishna had been conferred this honour.
- Other Indian recipients in various categories include Nobel laureate Amartya Sen, renowned artist Satish Gujral, industrialist Raghupati Singhania, Consul-General of Mexico in Mumbai Rajju Shroff and others.
Order of the Aztec Eagle Award:
- The royal eagle is Mexico’s national animal, sacred to the ancient Aztecs and it is present on the National Emblem of the Mexican flag. It is an essential symbol that links their Aztec past with the modern nation.
- It is of gold and turquoise and is given to express the respect and admiration of the Mexican people.
- The award was created by a decree in 1993 by the then President of Mexico, Abelardo L. Rodriguez, it is awarded to prominent heads of state or government, ambassadors after they have served in Mexico, important personalities who have made a major contribution in various fields, service to the country or its people.
- The award comes in five degrees namely Collar, Sash of Special Category, Sash, Plaque, Venera and Insignia.
8. Govt extends PM-KISAN scheme, announces Rs 6,000 cash handout scheme to all farmers
In the first Cabinet meeting, Modi led new government decided to extend PM- KISAN scheme to all 14.5 crore farmers in the country costing Rs 87,000 crore a year and also announced over Rs 10,000 crore pension scheme for 5 crore farmers, thereby fulfilling the BJP’s poll promise.
- Rs 75,000-crore Pradhan Mantri Kisan Samman Siddhi (PMKSS – PM Kisan) was announced in the interim Budget under which the government decided to provide Rs 6,000 per year (in three equal installments) to an estimated 12.5 crore small and marginal farmers holding land up to 2 hectares.
- Now, the revised scheme envisages covering around 2 crores more farmers increasing the coverage of the PM- KISAN to around 14.5 crore beneficiaries.
Farmer pension scheme
- Cabinet also approved the Pradhan Mantri Kisan Pension Yojana under which small and marginal farmers will get a minimum fixed pension of Rs 3,000 per month on attaining the age of 60 years.
- The scheme will cost the exchequer a total of ₹10,000 crore per annum.
New Union Minister of Agriculture and Farmers welfare – Narendra Singh Tomar
9. New species of wasp Kudak Lumia Rangnekar identified in Goa
A new species of wasp from the genus Kudakrumia identified by scientists in Goa. It has been named as Kudakrumia Rangnekari after Goa-based researcher Parag Rangnekar.
- Wasp is a member of a group of insects in the order Hymenoptera, suborder Apocrita. It is neither an ant nor a bee.
- They are found in Goa and Kerala in India and Sri Lanka, outside India.
- The holotype was collected from the forests of Northen Western Ghats from Kotigao Wildlife sanctuary.
- The paratype(specimen) was collected from Ranipuram hill of Kerala, Southern Western Ghats.
- Parag Rangnekar ( founder-president of the Goa Bird Conservation Network) is written a book named “Butterflies of Goa” which is first field guide with photographs of the species found in the region.
10. Forex reserve rises by 1.99 billion to 419.99 billion
India’s foreign exchange reserves increased by 1.994 billion to 419.992 billion US Dollar in the week ended 24th May 2019.
- RBI released that foreign currency assets rose by 1.991 billion to 392.188 billion US Dollar.
- In the previous week, the reserves had declined by 2.05 billion to end at 417.99 billion US Dollar.
- Gold reserves remained stable at 23.021 billion US Dollar. India’s special drawing rights with the International Monetary Fund went by 0.8 million to 1.445 billion US Dollar, while the country’s reserve position also increased by 2 million to 3.336 billion US Dollar.
11. Nayib Bukele sworn in as president of El Salvador
In the Central American country of El Salvador, Nayib Bukele has been sworn-in as the nation’s President.
- Bukele was sworn-in by the Speaker of the National Assembly in downtown San Salvador.
- Delegations from 83 countries attended the ceremony.
About El Salvador
- Capital: San Salvador
- Currency: United States Dollar
12. Yoga Instructor, Namrata Menon appointed as brand ambassador to promote yoga in Goa
State Health Department of Goa announced the appointment of Panaji-based, Namrata Menon, Yoga Instructor, and fitness expert, as brand ambassador to promote yoga in Goa.
- She is appointed to promote the ancient system of physical and mental practices to raise awareness about the benefits of yoga so that people follow it on a daily basis.
- She is practicing yoga for 17 years.
- The main objective of this initiative is to increase awareness about the benefits of yoga and encourage people to inculcate a healthy lifestyle.
- The Panaji-based expert has been practicing yoga since the last 17 years and has been instrumental in inspiring many people to take up the ancient practice that involves a range of postures (asanas).
13. India removed the restriction on air space usage
Indian Air Force (IAF) removed all temporary restrictions on all air routes in the Indian airspace.
- The IAF made the announcement on Twitter.
- The IAF imposed restrictions following air strikes on a terror camp at Balakot in Pakistan on 27th February.
- India imposed restrictions which did not allow any aircraft flying over Pakistan airspace to use entry or exit points into India.
- Since February 27, flights on these sectors were taking longer routes leading to an increase in flying time by up to three hours.
About Indian Air Force (IAF)
- Founded: 8 October 1932
- Headquarters: New Delhi
- Commander-in-Chief: President Ram Nath Kovind
14. Anita Bhatia appointed as Deputy Executive Director in UN Women
Indian-origin Anita Bhatia, a veteran in strategic partnerships, resource mobilization, and management, has been appointed by United Nations Secretary-General Antonio Guterres as the United Nations Entity for Gender Equality and the Empowerment of Women (UN-Women) for Resource Management, Sustainability, and Partnerships. The agency focussed on women empowerment and gender equality.
The key appointment comes less than a week after Guterres appointed decorated Indian Army officer Lieutenant General Shailesh Tinaikar as his new Force Commander of the UN Mission in South Sudan.
- Bhatia holds a Bachelor of Arts in History from Calcutta University, a Master of Arts in Political Science from Yale University and a Juris Doctor in Law from Georgetown University.
- Bhatia served for several years as Director of Global Partnerships for the International Finance Corporation (IFC), the World Bank Group’s private sector arm.
- Bhatia has led diverse teams, including as Global Head of Knowledge Management, Head of Business Process Improvement and Head of Change Management. In addition to Latin America, she has worked in Africa, Europe, Central Asia and South, and East Asia.