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27 June Current Affairs 2019

27 June Current Affairs 2019

Daily GK Updates & Current Affairs for Government Exams

Welcome to Current Affairs Section of Our Current Affairs Of June 2019 page covers various sections like banking & finance June Current Affairs 2019, business & economy, Indian and International affairs 2019, defense, environment current affairs, persons and many for Bank PO & Clerk Exams, Insurance, UPSC, SSC, Railway, State PSC & other Competitive Exams.

Micro, Small and Medium sized Enterprises Day is celebrated on 27 June

United Nations observe 27 June as the Micro, Small and Medium sized Enterprises Day.  Micro, small and Medium-sized businesses celebrated this day in recognition of their work in local and global economies. These enterprises, which generally employ fewer than 250 persons are the backbone of most economies worldwide. International Trade Center, United Nations launch its flagship report: “The SME Competitiveness Outlook 2019: Big money for small businesses”.

BIMSTEC Day- 2019 celebrated in Dhaka, Bangladesh

27 June 2019 Current Affairs: The BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) member countries consisting of Bangladesh, India, Myanmar, Sri Lanka, Thailand, Nepal, and Bhutan celebrated the BIMSTEC Day- 2019 in Dhaka, Bangladesh.

Dr. A K Abdul Momen, Foreign Minister of Bangladesh was the chief guest of the event.

Bishwadip Dey, Acting High Commissioner represented India in the BIMSTEC founding day event. The Secretary-General of BIMSTEC M. Shahidul Islam stated that BIMSTEC will be able to achieve further progress in various sectors of cooperation.


RBI has asked the public to continue to accept the coins of various denominations

27 June 2019 Current Affairs: The Reserve Bank of India (RBI) has asked the public to continue to accept the coins of various denominations pumped into circulation regularly. The RBI puts into circulation coins minted by the central government.

RBI said that the coins have distinctive features which are being introduced from time to time with various themes like economic, social and cultural, in order to meet the transaction needs of public. Currently, coins of 50 paise, ₹1, ₹2, ₹5 and ₹10 denomination of various sizes, theme and design are in circulation.

Because of the continous complaints about non-acceptance of coins by bank branches, RBI has asked all banks not to turn away customers who come to exchange coins at their branches.

RBI monitors the asset-liability gap, liquidity position, and repayment schedules of housing finance companies

27 June 2019 Current Affairs: The Reserve Bank of India (RBI), as per its announcement, has started monitoring the asset-liability gap, liquidity position, and repayment schedules of housing finance companies (HFCs). It will be monitored on a daily basis after the liquidity crisis which hit these firms, resulting in defaults.

National Housing Bank regulates the mortgage lenders. But RBI is of the view that there are possibilities that the liquidity crisis of the HFCs could have a spillover effect on the other segments in the financial sector, including banks. This can affect financial stability which makes it necessary to monitor these entities on a regular basis

The Non Banking Financial Companies (NBFCs) particularly the mortgage lenders are fighting a crisis of confidence with banks. Because of the debt default by IL&FS in September 2018, the banks have stopped lending to these entities.

Max Bupa partners with MobiKwik for health insurance

27 June 2019 Current Affairs: Max Bupa, a standalone health insurer entered into a strategic partnership with MobiKwik, a fintech platform to promote affordable and convenient bite-sized group health insurance products for MobiKwik’s 107 Million customers across the country.

Max Bupa come up with a slew of innovative offerings, including a Cancer cover at a nominal premium

A HospiCash product for MobiKwik’s vast customer base.

Max Bupa’s HospiCash product provides for a pre-defined daily allowance on the basis of number of days of hospitalisation irrespective of the actual expense incurred by the customer.

HospiCash will offer ₹500 per day hospital allowance for up to 30 days in a year.

The main aim to enable financial inclusion by making pocket-size health insurance solutions available through the Mobikwik platform,The plan to acquire 1 million Mobikwik customers over the next 3-4 years.


MHA released the rankings of Police Stations for 2018; Rajasthan tops the list

27 June 2019 Current Affairs: Ministry of Home Affairs (MHA) released the rankings of police stations for the year 2018.

It covered 15,666 police stations. 20% weightage was assigned to the police station’s infrastructure and citizen feedback on the performance of the police personnel posted at the police station and they were evaluated on the basis of crimes against women, Scheduled Castes and Scheduled Tribes & property related offences.

The scores were calculated based on the number of FIRS (First Information Reports) chargesheeted within 60 days.

The Kalu police station in Bikaner district of Rajasthan was ranked the best police station in the country.

RBI launched Complaint Management System to facilitate grievance redressal process

The Reserve Bank of India (RBI) has launched Complaint Management System (CMS), on its website for facilitating RBI’s grievance redressal process and also to improve customer experience in timely redressal of grievances.  Complaint Management System (CMS): CMS is a software application launched by RBI for lodging complaints against any regulated entity with public interface such as commercial banks, urban cooperative banks (UCBs), Non-Banking Financial Companies (NBFCs).

Next British PM will be announced on 23 July

27 June 2019 Current Affairs: The British government has announced that the next Prime Minister and the leader of Britain’s ruling Conservatives will be announced on July 23.

Former Foreign Minister Boris Johnson and Britain’s current top diplomat, Jeremy Hunt were chosen from a field of 10 by the Conservative party’s 313 MPs, and are now seeking to woo an estimated 1,60,000 party members who will make the final choice.

Postal ballots will be sent out between July 6 and 8. The deadline for returning them has been set at 5p.m. on July 22. The announcement of the next leader of the Conservative party is expected to be made on 23 July.

Samant Goel appointed as the new Chief of Research and Analysis Wing

Centre appointed Samant Goel, IPS officer, as the new Chief of Research and Analysis Wing. The appointment comes after Samant Goel’s key role in India’s counter-attack on the terror infrastructure in Pakistan’s Balakot. Goel is of the 1984 batch and hold the rank of Director General. He is from the Punjab cadre. The appointment was finalized and approved by the Appointments Committee of the Cabinet (ACC).

Head of Amazon India, Amit Agarwal appointed as the Chairman of IAMAI

Amit Agarwal, Amazon India Senior Vice-President and Country Head named as the new Chairman of Internet and Mobile Association of India (IAMAI). He succeeds Rajan Anandan He was the former Google India Managing Director (MD). Dhruv Shringi, Co-founder and Chief Executive Officer (CEO) of Yatra appointed as the Vice Chairman of IAMA He succeeds Deep Kalra, Founder and Group CEO of MakeMyTrip.


Malayalam film ‘Veyilmarangal’ won an award at Shanghai International film festival

At the 22nd Shanghai International Film Festival, Director Bijukumar Damodaran received the Outstanding Artistic Achievement Award for the film, Veyil Marangal (Trees Under the Sun). This is for the first Indian film to win a major award at the festival.  The film is one among the 3,964 entries submitted from 112 countries in the prestigious Golden Goblet Award competition.  The jury chairperson at the Fest was the Turkish director Nuri Bilge Ceylan.

Lok Sabha passed the Special Economic Zones (Amendment) Bill, 2019

The Lok Sabha passed the Special Economic Zones (Amendment) Bill, 2019 on 26 June. The amendment of sub-section (v) of Section 2 of the SEZ Act, 2005 will make a trust or any entity notified by the Central government eligible for consideration of grant of permission to set up a unit in special economic zones. The Bill aims at improving and encouraging more investments and introducing features including single-window clearance and to ease imports and exports.

World Bank commits $31.58 mn loan for Uttarakhand Public Financial Management Strengthening Project

Government of India, the State Government of Uttarakhand and the World Bank signed a loan Agreement of $31.58 million (about Rs 221 crore) for Uttarakhand Public Financial Management Strengthening Project.  It improves the State’s ability to manage its Financial Systems and there is better Utilization of Development Resources. The loan agreement was signed by Sameer Kumar Khahe and Savin Bhasale on behalf of the Govt of Uttarakhand.

K Natarajan to be the new director general of Indian Coast Guard

Krishnaswamy Natarajan appointed as the next director general of Indian Coast Guard.  He replaces Rajendra Singh who is retiring after three and a half years of service. K. Natarajan joined the Coast Guard on January 18, 1984. He holds a Masters Degree in Defence and Strategic Studies from Madras University. He held various important command and staff appointments, both afloat and ashore.


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