In this article, we will discuss all the important current affairs of 22nd June 2021 in detail.
1. The Chief Minister of Bihar has launched two new programmes to help women and youngsters find work.
- The Mukhyamantri Mahila Udyami Yojana (MMUY) and the Mukhyamantri Yuva Udyami Yojana (MYUY) were introduced by Bihar Chief Minister Nitish Kumar with the goal of increasing employment prospects for youths and young women in the state.
- A jobless woman will be given an amount of Rs 10 lakh under the MMUY to start a new business or small industry. Of the Rs 10 lakh, Rs 5 lakh would be a subsidy that the lady would not have to repay, and the other Rs 5 lakh would be an interest-free loan that would be paid back in several instalments over the next seven years from the commencement of the new business.
2. During Demo 2016, there was no tax on cash deposits made by housewives.
- During demonetisation, a housewife may not face any problems from the Income Tax Department if she deposits up to 2.5 lakh in cash (2016). The assessee’s deposits cannot be considered as income, according to a bench of the Income Tax Appellate Tribunal (ITAT).
- This is important because, in most cases, an ITAT judgement is only binding on the petitioner and the jurisdiction tax officer, but it can be used as a guideline in comparable cases.
Banking & Finance News
3. PayPoint India signs loan agreements with banks and NBFCs.
- PayPoint India, a technology-enabled financial services distribution network, plans to expand its lending vertical, for which it has struck partnerships with 12 financial institutions.
- The Mumbai-based firm has signed “lead generation agreements” with Punjab National Bank, ICICI Bank, Deutsche Bank, and NBFCs including Bajaj Housing, Piramal Housing, and Hero Fincorp, among others, and is close to doing so with State Bank of India.
Business & Economy News
4. According to a UN report, India was the fifth largest recipient of FDI in 2020.
- According to a UN report, India received $64 billion in foreign direct investment in 2020, making it the world’s fifth-largest recipient of inflows. The COVID-19 second wave in the country is weighing heavily on the country’s overall economic activities, but its strong fundamentals provide optimism for the medium term.
- According to the UN Conference on Trade and Development’s (UNCTAD) World Investment Report 2021, FDI into India surged by 27% to $64 billion in 2020 from $51 billion in 2019, owing to acquisitions in the information and communication technology (ICT) industry.
5. The Securities and Exchange Board of India (SEBI) has reconstituted its four-member takeover panel.
- The Securities and Exchange Board of India (Sebi) has reconfigured its Takeover Panel, which investigates proposals for exemption from the necessary open offer that an acquirer must make to minority shareholders.
- N Venkatram, MD and CEO of Deloitte India, has been selected as a new member of the Takeover Panel by the regulator.
6. TCS and Airtel have teamed up to develop 5G network solutions.
- Bharti Airtel, a leading telecom company, has established a strategic cooperation with the Tata group, a steel-to-software conglomerate, to develop 5G network technologies.
- The objective is to roll out the solution for India first, then for exports. It is based on open radio access network (ORAN) technology.
7. The Securities and Exchange Board of India (Sebi) has issued new criteria for mutual funds investing in interest rate swaps.
- Sebi, the market regulator, has issued new criteria for mutual fund schemes that participate in interest rate swaps, a derivative product.
- For hedging purposes, mutual funds can enter into plain vanilla Interest Rate Swaps (IRS). In such instances, the value of the notional principal must not exceed the value of the current assets hedged by the plan.
8. Franklin Templeton and eight others are fined Rs 15 crore by the Sebi.
- The Securities and Exchange Board of India (SEBI) has fined nine companies, including Franklin Templeton Trustee Services, top officials, and fund managers, a total of Rs. 15 crore in connection with the fund house’s six debt schemes.
- Franklin Templeton Trustee Services Pvt Ltd was fined 3 crore by SEBI, and Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and Chief Investment Officer Santosh Kamat were fined 2 crore apiece.
9. Wipro has joined the World Economic Forum’s Partnership for New Work Standards Initiative.
- Wipro, a global leader in digital transformation, has announced its participation in the World Economic Forum’s Partnership for New Work Standards project, which aims to create a more healthy, resilient, and equitable future of work.
- The goal of the effort is to co-create new frameworks, shape forward-thinking people policies, and use tools and technology to cooperatively construct human-first work standards that put people at the centre of business.
10. At the WWF India, Upasana Kamineni was named ‘Ambassador Of Forest Frontline Heroes.’
- Upasana Kamineni, Director, Apollo Hospitals, has been named an “Ambassador of Forest Frontline Heroes” by WWF India in order to recognise the efforts of frontline workers in hospitals and in the wildlife preservation field.
- This will be focused on many states around the country, encompassing the majority of eco-regions.
11. Karim Khan, a British lawyer, has been sworn in as the ICC’s Chief Prosecutor.
- Karim Khan, a British barrister, was sworn in as the International Criminal Court’s next head prosecutor, promising to reach out to countries that are not members of the court and to strive to bring trials in countries where crimes are committed.
- Khan, a 51-year-old English barrister, has worked as a prosecutor, investigator, and defence counsel all around the world.
12. Tadang Minu is the first Arunachali woman to be appointed to the AIBA Board of Directors.
- Dr. Tadang Minu of Arunachal has been selected to the Coaches Committee of the International Boxing Association (AIBA), the world’s governing organisation for boxing. She is the first woman and the second Indian to do so.
- Dr. Minu, who is the HoD (in-charge) of RGU’s physical education department, has also been re-elected for another two years as the chairperson of the Boxing Federation of India’s Women’s Commission.
- She is also the president of the Arunachal Amateur Boxing Association (Arunachal Amateur Boxing Association) (AABA).
13. Laurel Hubbard, a weightlifter, will be the first transgender athlete to compete in the Olympics.
- Laurel Hubbard, the first openly transgender athlete to compete in the Olympics, has been named to New Zealand’s women’s weightlifting lineup for the 2017 Olympics in Tokyo.
- Hubbard, 43, will compete in the women’s over 87 kg (192 pound) event.
Awards & Honours News
14. Sumita Mitra, an Indo-American chemist, has won the European Inventor Award.
- Sumita Mitra, an Indian-American scientist, has won one of Europe’s most prestigious accolades for her groundbreaking breakthrough in nanotechnology, which enabled her to successfully integrate the technology with dental materials, resulting in stronger and more visually acceptable fillings.
- She received the European Inventor Award 2021 in the category of “Non-European Patent Office Countries,” which is given out by the European Patent Office (EPO) every year to recognise exceptional innovators from Europe and beyond.
Books & Authors
15. The memoir of renowned neurologist Ashok Panagariya will be published after his death. 28th of June
- The publisher of renowned neurologist Ashok Panagariya announced on the day of his death from post-Covid complications that his memoir, “Monk in a Merc,” will be released on June 28. It will serve as a poignant reminder for anyone looking to achieve eternal happiness and mental peace while pursuing all of life’s luxuries, material wealth, and professional success.
- “Monk in a Merc” (Bloomsbury) is a thought-provoking read for anybody seeking ultimate pleasure and peace while still appreciating all that life has to offer, including material wealth and professional accomplishment.
16. Tahira Kashyap Khurrana Announces New Book ‘The 7 Sins Of Being A Mother’
- Filmmaker-writer Tahira Kashyap Khurrana has announced her upcoming book about motherhood, titled “The 7 Sins of Being A Mother”.
- It will be published by Juggernaut Books.
17. Markis Kido, a former Olympic gold medalist in shuttler, died after a heart attack.
- Markis Kido of Indonesia, a former Olympic gold medalist, died of a heart attack, according to the BWF, the game’s regulatory body.
- He was 36 years old at the time.
- With Hendra Setiawan, the Indonesian doubles player won the 2008 Olympic gold medal, the 2006 World Cup, and the 2007 World Championships.
18. Today is World Hydrography Day.
- Every year on June 22, World Hydrography Day is commemorated.
- The day is observed to honour the IHO on a global scale and to encourage all nations to work with the IHO to promote safe navigation and the preservation of marine life.
Connect with us on Social Media
Bidyasagar Classes Address
Plot No-N-6-325, Biju Patnaik College Road, Infront of SBI, Jayadev Vihar, Bhubaneswar
Opening and closing hours: Monday to Sunday :7AM-9PM
-Mail : firstname.lastname@example.org