Current Affairs 7th June 2019

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NATIONAL

Naveen Patnaik set for the fifth term as Odisha CM.

-Odisha’s ruling Biju Janata Dal headed by incumbent Chief Minister Naveen Patnaik is all set to form a government for a fifth consecutive term.

India bans Jamaat-ul-Mujahideen Bangladesh terror outfit.

-The Jamaat-ul-Mujahideen Bangladesh also called as Jamaat-ul-Mujahideen India or Jamaat-ul-Mujahideen Hindustan has been declared as a banned terrorist organization by the government of India.

NSA Ajit Doval addresses 17^th Investiture Ceremony of BSF in New Delhi.

-Stated that technology will play a pivotal role in guarding the borders in days to come as security challenges are increasing day by day. Doval was addressing 17^th Investiture Ceremony of Border Security Force, BSF in New Delhi.

DRDO test fires guided bomb from Sukhoi combat Jet.

-Defence Research and Development Organisation has successfully test fired an indigenously developed 500 kg class guided bomb from a Sukhoi Combat Jet at Pokhran in Rajasthan.

INTERNATIONAL

British PM Theresa May announces resignation.

-British Prime Minister Theresa May announces resignation from her post. She will resign on 7 June.

SCO Meeting of Council o Foreign Ministers held in Bishkek.

-External Affairs Minister Sushma Swaraj represented India in the meeting of Council of Foreign Ministers of Shangai Cooperation Organization to be held in Bishkek, Kyrgyz Republic.

BANKING

RBI releases draft norms on liquidity risk management for NBFCs.

-RBI stated that all non-deposit-taking non-banking financial companies with an asset size of Rs 5,000 crore and above, and all deposit-taking NBFCs irrespective of their asset size, have to maintain a liquidity buffer in terms of a Liquidity Coverage Ratio.

Corporation Bank launches ‘Corp SME Suvidha’, for MSMEs.

-Corporation Bank has launched ‘Corp SME Suvidha’, a product for GST-registered MSMEs. The product has been designed as part of the bank’s efforts to provide the best products to the MSME sector.