NATIONAL UPDATES:
1.
Union Cabinet extends the deadline of UDAY Scheme: The Union Cabinet has approved the proposal
of extending the deadline for implementing the Ujjwal Discom Assurance Yojana
(UDAY) by a year to March 31, 2017.
2.
Railway Minister flags off Danapur-SaharsaJanhit Express: Railway Minister Suresh Prabhu has flagged off a
new train service between Danapur and Saharsa in Bihar through
video-conferencing at Rail Bhawan in New Delhi with an aim to connect every
region of the country with the rail network.
3. FM Arun Jaitley to embark on
5-day China visit to attend AIIB annual meet: Finance Minister Arun Jaitley will embark on a
five-day visit to China starting from 23rd of June, where he will attend the
first annual meeting of the board of governors of the 100-billion US dollar
Asian Infrastructure Investment Bank.
4. Union Cabinet approved the
establishment of Fund of Funds for Start-ups: The Union Cabinet has approved the establishment
of Fund of Funds for Startups (FFS) at Small Industries Development Bank of
India (Sidbi) for contribution to various alternative investment funds (AIF). The corpus of Rs 10,000 crore for
FFS will be built up over the 14th and 15th Finance Commission cycles, subject
to the progress of the scheme and availability of funds.
5. Union Cabinet approves Mega
Spectrum Auction: The Union Cabinet under Chairmanship of Prime Minister Narendra Modi has
approved the spectrum auction plan recommended by the department of
telecommunication. The approved auction will have spectrum bands of
700MHz, 800MHz, 900MHz 1800MHz, 2100MHz, 2300 MHz and 2500 MHz available for
sale.
6. Cabinet approves Rs 6000 crore
package for textiles: The government has also approved a Rs 6,000 crore special package for
textiles & apparel sector to create one crore new jobs in 3 years,
attracting investments of $11 billion and generating $30 billion in export.
7. Cabinet approves four laning of
Hubli-Hospet Section of NH-63 in Karnataka: The Cabinet Committee on Economic Affairs (CCEA)
chaired by Prime Minister NarendraModi has approved the development of four
laning of Hubli-Hospet Section of NH-63 in Karnataka.
8. Union Cabinet approves pact for
the avoidance of double taxation with Belgium: The Union Cabinet has given its approval to the
signing of a Protocol amending the Agreement between India and Belgium for
the avoidance of double taxation and prevention of fiscal evasion with
respect to taxes on income.
9.
Union Cabinet approves MoU between India and Germany: he Union Cabinet has approved the signing of
a Memorandum of Understanding (MoU) with Steinbeis GmbH Co. KG, Germany for
technology transfer and resourcing in manufacturing, including sub-sectors of
Capital Goods. Steinbeis GmbH is leading organization for applied industrial
research in Europe.
10. LIC Chairman S K Roy resigns.
11. AveekSarkar resigns as Chief
Editor of ABP Group of Publications: AveekSarkar has resigned as the Editor-in-Chief
of Ananda Bazaar Patrika (ABP) and The Telegraph. However, he would continue as
the chairman of the group.
12. PayPal appoints AnupamPahuja as
India Country Manager and MD.
OTHER UPDATES:
SPORTS:
1.
Anju Bobby George resigns as Kerala Sports Council President: She resigns after she accused Sports Minister EP
Jayarajan of allegedly harassing her and other members of Kerala Sports
Council. Besides the iconic athlete, 13 other members of the council, including
noted volleyball player Tom Jose, also resigned.
2.
Andy Murray wins record fifth Queen’s Club title: British tennis star Andy Murray has created
history after he fought back to win the Queen's Club tournament for a record
fifth time defeating Milos Raonic in a pulsating final on
19 June 2016.
3.
India won three matches T20 series against Zimbabwe 2-1.
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