Current Affairs

  SBI Life Insurance has signed a corporate agency agreement with city-based Repco Home Finance Ltd to offer the company’s range of products to RHFL customers. According to the agreement, the partnership would see over 148 branches and 27 satellite centres of RHFL spread across the country to offer SBI Life Insurance products to its customers.
Source: The Hindu

  Manipur defeated Railways by 1-0 to win the Senior Women’s National Football Championship held in Pasighat, Arunachal Pradesh. This was Manipur’s 20th National title. Bala Devi emerged as the highest scorer of the tournament, with 21 goals from 6 matches, while Panthoi Chanu was named the best goalkeeper. Both players represented Manipur in the championship.
Source: The Hindu

  Indian chess grandmaster, Koneru Hampi of Gudivada ( Andhra Pradesh) has clinched Fide World Grand Prix 2019 title with 8 points from 11 rounds in Skolkovo, Russia. In the final round, Hampi just needs to play a draw for the title. The advantage she has in the final round is that have to play white pieces against the defending world champion Wenjun Xu of China. While other Indian, D Harika secured the sixth place with 5 points.
Source: The Hindu

  President Ram Nath Kovind inaugurated the sixth ”India Water Week-2019” being organised with the theme of ”Water cooperation-coping with 21st-century challenge’ at Vigyan Bhawan in New Delhi. The President emphasised on the need to store and capture the rainwater by utilizing existing reservoirs, dams, other water bodies.
Source: The DD News

  Prime Minister Narendra Modi inaugurated a 50 kilowatt ‘Gandhi Solar Park’ at the UN headquarters. PM Modi and other leaders also released a commemorative postage stamp of Mahatma Gandhi, at the programme ”Relevance of Mahatma Gandhi in the Contemporary World” at the UN headquarters. The event was hosted to celebrate the 150th Birth Anniversary of Mahatma Gandhi, which will underline the continuing relevance of Gandhian thoughts and values in today’s world.
Source: The News on AIR

  The Reserve Bank of India has imposed restrictions on Punjab and Maharashtra Co-operative Bank, under which the depositors cannot withdraw more than Rs 1,000 from their accounts. The depositors will be allowed to withdraw a sum not exceeding Rs 1,000 of the total balance in every savings bank account or current account or any other deposit account. The curbs will remain for six months. PMC Bank has also been barred from making fresh loans and taking deposits. PMC Bank is a multi-State scheduled urban co-operative bank with operations in the states of Maharashtra, Delhi, Karnataka, Goa, Gujarat, Andhra Pradesh and Madhya Pradesh.
Source: The Hindu

   National women’s badminton coach Kim Ji-Hyun has stepped down from her post of National women’s coach of India. She has played a vital role in helping P.V. Sindhu win the 2019 badminton World Championship gold. As a result she is unlikely to be with the Indian team ahead of the 2020 Tokyo Olympics as per her contract.
Source: The Hindu

  Godavarthi Venkata Srinivas was appointed as the next Ambassador of India to the Republic of Guinea Bissau. He will succeed Partha Satpathy. A 1993 batch-IFS officer, Srinivas is presently the country’s Ambassador to the Republic of Senegal.
Source: The Business Standard

  Nilesh Shah, Managing Director of Kotak Asset Management Company (AMC), has been appointed as the new chairman of the Association of Mutual Funds in India (AMFI). He will replace the Managing Director, and CEO of ICICI Prudential Asset Management Company, Nimesh Shah. The AMFI also elected Saurabh Nanavati, Chief Executive Officer, Invesco Mutual Fund as the vice-chairman of AMFI, for a period of one year. AMFI was incorporated on August 22, 1995, as a non-profit organisation. As of now, all the 44 asset management companies that are registered with Sebi, are its members.
Source: The Economic Times

  Securities and Exchange Board of India has imposed a penalty of over Rs 22 crore on Aurobindo Pharma and its promoters. They have been penalised for violating insider trading norms. The regulator had conducted an investigation into the trading in the scrip of Aurobindo Pharma Ltd. SEBI found that these entities purchased shares while in possession of the UPSI pertaining to Aurobindo, and made unlawful gains from having purchased its shares at a lower price before the publication of the unpublished price sensitive information (UPSI).
Source: The Hindu


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