Current Affairs June 11, 2017  –  Insurance up for crop loan in Rajasthan:

NATIONAL AFFAIRS

Aadhaar linkage with PAN mandatory, rules from Supreme Court:

The Supreme Court confirms the government’s decision to link Aadhaar with the Permanent Account Number (PAN) for the filing of income tax returns.

Under the Aadhaar (Targeted Delivery of Financial Subsidies, Benefits and Services) Act, 2016, the unique identity number is mandatory only to receive social welfare benefits. But according to the provisions of the Finance Act 2017, the Aadhaar number or Aadhaar enrolment number will be mandatory to file income tax returns and to apply for a new PAN.

An existing PAN can be declared void if the taxpayer does not link it with Aadhaar by 31 July.

Unique Identification Authority of India (UIDAI):

Headquarters: New Delhi

CEO: Ajay Bhushan Pandey

AYUSH launches awareness drive to increase popularity of Yoga through life-size Mascots:

    The Central Council for Research in Yoga & Naturopathy (CCRYN)  under the Ministry of AYUSH, Government of India, has initiated a Yoga Awareness Drive through Mascots  and Flash  Mobs (YogMob) prior to International Yoga Day (21st June) to increase popularity of Yoga especially among the youth.

The mascots provide an eye-catching way of helping boost the awareness of International Day of Yoga.

Insurance up for crop loan in Rajasthan:

The Rajasthan government has raised the insurance cover by 1 lakh to 6 lakh for farmers who avail crop loan from cooperative banks in the State, as it aims to bring around 25 lakh peasants under the scheme.

The Rajasthan government has raised the insurance amount by 1 lakh in the present fiscal year in the ‘Raj Sahakar Personal Accident Insurance Scheme’ targeted to cover more than 25 lakh farmers.

Rajasthan:

Capital: Jaipur

Chief Minister: Vasundhara Raje

Governor: Kalyan Singh

Rs 18,669 crore approved for development of tri-cities:

    Greater Noida, Noida and Yamuna Expressway Authorities boards have allocated a total of Rs 18,669 crore this fiscal for the development of the tri- cities.

    Yamuna Expressway Industrial Development Authority (YEIDA) has approved Rs 4,156.13 crore. Greater Noida Industrial Development Authority had approved Rs 6,443.05 crore. Noida authority at its board meeting held has allocated Rs 8,070 crore.

INTERNATIONAL AFFAIRS

India, Mauritius sign pact to institutionalise cooperation:

    India and Mauritius signed a pact to institutionalize cooperation between Parliaments of the two countries.

The Memorandum of Understanding (MoU) was signed by Lok Sabha Speaker Sumitra Mahajan and Speaker of National Assembly of Mauritius Santi Bai Hanoomanjee.

Mauritius:

• Currency: Rupee
• Capital: Port Louis
• Prime minister: Pravind Jugnauth

BANKING & FINANCE

EPFO to invest Rs 22,500 cr in ETFs:

Retirement fund body Employees Provident Fund Organisation (EPFO) will park about Rs 22,500 crore in the Exchange Traded Funds (ETFs) this fiscal following the approval of its trustees to enhance investments in equity or equity linked schemes.

HDFC to raise 1,500 cr through bond issue:

Mortgage lender HDFC Ltd will raise 1,500 crore through issuance of bonds on a private placement basis. The proceeds would be utilised for financing and refinancing the housing finance business requirements of the corporation. The Housing Development Finance Corporation (HDFC), regularly raises money through this method.

HDFC:

• Headquarters: Mumbai
• Ceo: Aditya Puri
• Tagline: We understand your world

Federal Bank gets nod to raise 2,500 crore:

Kerala-based Federal Bank has received shareholder approval to raise up to 2,500 crore this year to support its growth, Shareholders also passed a resolution to raise holdings of foreign institutional investors to 74%.

Federal Bank:

• Headquarters: Kochi
• CEO: Shyam Srinivasan
• Tagline: Your Perfect Banking Partner

AWARDS

Soumitra Chatterjee to get France’s Legion of Honour:

Soumitra Chatterjee being conferred France’s highest civilian award, the coveted Legion of Honour. The octogenarian Bengali screen legend is one of the first actors in the country to receive the honour. The award comes to him exactly 30 years after Satyajit Ray got the honour.

SPORTS

IOC approves women’s 1,500-meter swimming, 3-on-3 basketball for 2020 Tokyo Games:

The International Olympic Committee’s Executive Board announced it will add new events to the swimming program for the 2020 Olympics in Tokyo, including U.S. star Katie Ledecky’s specialty, the 1,500 meters.

    Track cycling is adding men’s and women’s Madison races and track and field will add a 4×400 mixed relay.

The new events approved include 3-on-3 basketball and BMX freestyle cycling.

Ostapenko won her grand slam title:

    Jelena Ostapenko won her first Grand Slam title by beating Simona Halep in just under two hours in the women’s final of the French Open. With this win, the unseeded Latvian became the youngest women’s champion at Roland Garros in 20 years.

Popyrin winner of French opens boys:

    Alexei Popyrin (17) from Sydney became the first Australian winner of the French Open boys’ title in 49 years.

    Popyrin defeated Spanish 11th seed Nicola Kuhn to become the first Australian to win the boys’ title since Phil Dent in 1968.

Kutwal wins gold at world chess championship for differently-abled:

    Shashikant Kutwal, a railway employee with Pune Division, has won the gold medal at the 17th World Individual Chess Championship for differently-abled, held in Slovakia.

Slovakia:

    Capital: Bratislava

Currency: Euro

OBITUARY

Congress MP Palvai Govardhan Reddy dies in Kullu:

Congress leader and Rajya Sabha member from Telangana Palvai Govardhan Reddy died on suffering a cardiac arrest while travelling in Kullu in Himachal Pradesh.

Cinematographer Fred Koenekamp dies:

    Cinematographer Fred Koenekamp, who won an Oscar for the 1974 disaster picture ‘The Towering Inferno’, has died. He was 94. A representative of the American Society of Cinematographers.