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Important Current Affairs 14th June 2020

National

Union Agriculture Minister Narendra Singh Tomar launches ‘Sahakar Mitra’

• The Union Minister for Agriculture & Farmers’ Welfare Shri Narendra Singh Tomar launched Sahakar Mitra: Scheme on Internship Programme (SIP) to provide paid internship to youth and ensure availability of assured project loans to young cooperators.

• This scheme is an initiative by the National Cooperative Development Corporation (NCDC), under the Ministry of Agriculture & Farmers’ Welfare.

• Sahakar Mitra: SIP scheme will provide an opportunity to the young professionals to get practical exposure and learning from the working of NCDC and cooperatives as a paid intern. Under the scheme, each intern will get financial support over a 4 months internship period.

Odisha becomes 1st state to get ISO for tribal hostels

• Odisha has become the first state in the country to receive ISO certification for hostels meant for tribal students. The ST & SC Welfare Department has launched the ‘Mission Suvidya’ project to provide all the tribal hostels of the state uniform standards of infrastructure, amenities and human resources.

• Mission Suvidya has launched in December 2019, it aims to improve the quality of basic facilities in the SC (Scheduled Castes) and ST (Scheduled Tribes) hostels like safe building, functional toilets, safe drinking water, proper kitchen and dining, safety, security, health, hygiene and food provisions for students.

International

UK’s economy shrinks by record 20.4 percent in April

• The United Kingdom’s economy shrank by record 20.4 percent in April, amid strict , revealed official data on June 12, 2020.

• The record slump in the economy is likely to be the low point before a long and slow recovery, as Britain readies to open up its economy.

• The Office of National Statistics stated that the gross domestic product of Britain contracted by 10.4 percent in the three-month period till April in comparison to the previous three-month period.

Banking and Economy

RBI constitutes Internal Working Group to review ownership, corporate structure of Indian private sector banks

• The Reserve Bank of India (RBI) has constituted a five-member Internal Working Group (IWG) to review the extant guidelines related to ownership, governance and corporate structure of private sector banks.

• The committee will be headed by Dr. Prasanna Kumar Mohanty, Director, Central Board of RBI. It will submit its report by 30 September, 2020.

Obituary

Manchester United Legend, Tony Dunne, Passes Away

• The former Republic of Ireland international footballer, Tony Dunne, has passed away. He was 78.

• He played for Manchester United for 13 years in which he made 535 appearances.

• He played as defender for Manchester United’s European Cup-winning team in 1968, becoming the first English side to lift the continent’s most-prestigious trophy.