Current Affairs are very important for all competitive exams. Sehpaathi Current Affairs will guide you with daily top headlines so that you can excel further.
INTERNATIONAL
-The world’s first-ever malaria vaccine was launched in a pilot project in Afica’s Malawi. The country is the first of three in Africa in which the vaccine, known as RTS,S, will be made available to children up to 2 years of age.
-Kazakhstan has set up Coordinating Council for attracting foreign investments including from India. A decision was taken to lay down the functions of Investment Ombudsman in order to venture for new approaches to improve the investment scenario in Kazakhstan.
-Iran and Pakistan have agreed to set up a joint border “reaction force” to combat the attacks by militant groups on both sides their frontier.
BANKING
-The Reserve Bankof India has become the first central bankin the Asia-Pacific region to begin an explicit interest rate easing cycle. The Monetary Policy Committee, headed by RBI Governor Shaktikanta Das, cut rates in February and April.
-Kotak Mahindra Bank has launched ther first debit card-based authentication solution on NPCI’s e-Mandate API platform.
-National Company Law Tribunal approved the merger of private sector lender Induslnd Bank with Bharat Financial Inclusion, a microfinance company.
-Market regulator SEBI has reduced the minimum subscription requirement as well as defined trading lots for Real Estate Investment Trusts and Infrastructure Investment Trusts. SEBI has also increased the leverage limit for InvlTs from 49% to 70%.
-BuyUcoin, second oldest Cryptocurrency Exchange in India, has introduced a new and unique platform for wholesale cryptocurrency trading.
-The Reserve Bank of India has diversted its entire stake held in National Housing Bank, and National Bank for Agriculture and Rural Development to the government, which now holds 100% in these entitles.
APPOINTMENTS
-Former Dena Bank MD & CEO Karnam Sekar is set to take over as the new Managing Director and CEO of Indian Overseas Bank from July 1, 2019. He will take over from R Subramaniakumar.
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