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Current Affairs Today – June 8 2015

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Indian Affairs 

Government puts in place easier norms for Companies

  • To make things easier, the government has allowed private companies to accept deposits without an offer circular while government firms have been exempted from managerial remuneration limits.
  • As part of its ongoing efforts to improve ease of doing business in the country, the Corporate Affairs Ministry has notified changes that further relax compliance requirements for private, government, charitable and nidhi companies.

International Affairs

Mauritius regains top slot as source of FDI in India

  • Mauritius has regained the position as top source of foreign direct investment (FDI) into India by pushing Singapore to the second slot in 2014-15.
  • Mauritius accounted for about 29% of the country’s total FDI inflows last fiscal. In 2013-14, Singapore had replaced Mauritius as the top source of FDI into India.
  • India attracted $9.03 billion in FDI from Mauritius in 2014-15, whereas it was $6.74 billion from Singapore, according to the data of the Department of Industrial Policy and Promotion (DIPP).

ADB appoints two vice-presidents in different roles

  • Asian Development Bank (ADB) has appointed Diwakar Gupta and Bambang Susantono as vice-president in two different roles.
  • Diwakar Gupta is appointed as vice-president for Private Sector and Co-financing operations and Bambang Susantono as vice-president forKnowledge Management and Sustainable Development

11 Indo-Canadians honoured with ICCC Annual Awards 2015

  • Eleven Indo-Canadians have been honoured in Totonto with ‘ICCC Annual Awards 2015’ for strengthening bilateral ties and their business achievements apart from their contributions to the economy.
  • ICCC stands for Indo-Canada Chambers of Commerce.
  • The winners are Avinash Mehra, Nisha Agnihotri, Prashant Pathak, Neeru Gupta, Manjul Bhargava, Hargurdeep Singh, Avish Sood, Rajiv Manucha, Asim Ghosh, Jag Parmar and Venkatesh Mannar

Appointments

Banking & Finance 

RBI to issue first set of small and payment bank licences in next two months

  • Reserve Bank is all set to issue first set of licences for small and payment banks in the next two months, a move aimed at promoting financial inclusion.
  • The RBI had received 72 applications for small finance bank licences and 41 applications for payment bank licences.
  • The applicants include Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE, besides big corporates like Ambanis and Birlas.

Sports

Wawrinka wins French Open

  • Stan Wawrinka of Switzerland defeated Serbia’s Novak Djokovic by 4-6, 6-4, 6-3,6-4 to become the winner of the 2015 French Open title.
  • Wawrinka who is 30 yrs. old became the oldest winner of French Open in 25 yrs. This was his second career grand slam after Australian Open in 2014.

Safarova & Mattek-Sands wins Women’s Doubles French Open

  • After losing to Sererena Williams the other day, Lucie Safarova paired with America’s Bethanie Mattek-Sand to win the women’s doublestitle with a 3-6, 6-4, 6-2 victory against Casey Dellacqua and Yaroslava Shvedova.

Lewis Hamilton wins Canadian Grand Prix

  • The world champion, Lewis Hamilton, won his fourth Canadian Grand Prix on Sunday in Montreal. The Mercedes driver finished first while Rosberg and Vatlteri Bottas finished with second and third spot respectively.

Luka strikes gold as India finish third in Asian Athletics Championship

  • Indian sprinter Tintu Luka wins her first ever international gold medal in women’s 800m finals as India finished third on the last day of the 21st Asian Athletics Championships.
  • She completed her race in 2:01.53 ahead of China’s Zhao Jing and Sri Lanka’s Nimali Klarachchige

Japan’s Momota wins Indonesia Open Men’s title

  • Kento Momota of Japan emerged victorious over the defending champion Jan O Jorgensen of Denmark at the men’s singles finals to win the men’s singles Indonesia Open title by 16-21, 21-19, 21-7.

Ratchanok Intanon bags Indonesia Open Women’s title

  • The 20 year old Thai Badminton star won the women’s singles event in the Indonesia Open SuperSeries Premier tournament in Jakarta. She defeated Yui Hashimoto of Japan by 21-11 and 21-10.

Obituary

Legendary Telugu writer Dasaradhi Rangacharya died

  • Famous Telugu poet Dasaradhi Rangacharya passed away. He was a winner of the Sahitya Akademi Award.

Important Days