International Day of Parliamentarism 2024 Observed on June 30th

International Day of Parliamentarism 2024 Observed on June 30th

June 29, 2024

What is the International Day of Parliamentarism? The International Day of Parliamentarism is observed annually on June 30th. This day celebrates the role of parliaments in democratic governance and highlights their importance in building peace and understanding between nations. The 2024 Theme: Parliamentary Diplomacy In 2024, the focus is on “Parliamentary diplomacy: Building bridges for …

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International Asteroid Day 2024 is Observed on 30th June

June 29, 2024

What is Asteroid Day? International Asteroid Day is observed on June 30th each year. It aims to increase public awareness about the potential dangers of asteroids and other near-Earth objects (NEOs). The United Nations officially recognized this day in December 2016. Why June 30th? This date was chosen to commemorate the Tunguska event, which occurred …

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International Day of the Tropics 2024, Date, History and Importance

June 29, 2024

Introduction The International Day of the Tropics, observed annually on June 29, is a day dedicated to recognizing the incredible diversity and importance of the world’s tropical regions. This special day aims to raise global awareness about the unique challenges and opportunities faced by tropical areas, while highlighting their crucial role in our planet’s ecosystem …

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India Contributes USD 1.169 Mn To Continue Promotion Of Hindi At UN

June 28, 2024

The Government of India has made a whopping contribution of USD 1,169,746 for ‘Hindi @ UN’ project to expand the use of Hindi in the United Nations. The Government of India has been making continuous efforts to expand the use of Hindi in the United Nations. Collaboration with the UN Department of Public Information As …

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Frank Duckworth, Renowned English Statistician, Passes Away

June 28, 2024

Frank Duckworth, the English statistician who co-invented the Duckworth-Lewis-Stern (DLS) method for determining cricket match results under rain-affected conditions, died at 84 on June 21. The DLS method, introduced in 1997, is widely used in international cricket and was formally adopted by the ICC in 2001. About Frank Duckworth Duckworth was born in 1939 in Lytham …

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India Successfully Tests ‘Abhyas’ High-Speed Expendable Aerial Target

June 28, 2024

Defence Research and Development Organisation (DRDO) has successfully completed six consecutive development trials of High Speed Expendable Aerial Target (HEAT) ‘ABHYAS’ with improved booster configuration from the Integrated Test Range (ITR), Chandipur, Odisha. What is ABHYAS? Abhyas is a High-speed Expendable Aerial Target (HEAT) being developed at ADE. It offers a realistic threat scenario for …

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Turkey Triumphs as FATF Grey List Status Revoked

June 28, 2024

Turkish Finance Minister Mehmet Simsek announced that Turkey has been removed from the FATF ‘grey list’ after recent evaluations of the country’s progress on money laundering and terrorist financing. The decision, declared at the FATF plenary meeting in Singapore, marks a significant milestone for Turkey, which had been placed on the grey list in 2021. …

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RBI Shortens Frequency of Credit Reporting to Fortnightly

RBI Projects Further Moderation in Bank NPAs to 2.5%

June 28, 2024

The Reserve Bank of India (RBI) has projected a further improvement in the gross non-performing assets (GNPA) ratio of scheduled commercial banks (SCBs), estimating it to decrease to 2.5% by March 2025. This optimistic outlook is based on macro stress tests evaluating banks’ resilience against potential economic shocks. Sustained Improvement in Asset Quality As of …

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India's Economic Growth Highlights, June 2024

NCAER Projects Over 7% Growth for Indian Economy in Fiscal 2025

June 28, 2024

The National Council of Applied Economic Research (NCAER) forecasts India’s GDP to surpass 7% and possibly reach 7.5% in fiscal year 2024-25, citing resilient domestic economic indicators and favorable global conditions. High-frequency data shows robust economic activity, prompting upward revisions by all major agencies. Factors supporting this outlook include expected normal monsoons and a focused …

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SBI Raises Rs 10,000 Crore via 15-Year Infrastructure Bonds at 7.36% Coupon

June 28, 2024

State Bank of India (SBI) has successfully raised Rs 10,000 crore through its fifth infrastructure bond issuance. The bonds, with a tenure of 15 years and a coupon rate of 7.36% payable annually, garnered significant investor interest, oversubscribed nearly four times the base size of Rs 5,000 crore. The offering received 143 bids from diverse …

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Monthly Archives: June 2024

International Day of Parliamentarism 2024 Observed on June 30th

International Asteroid Day 2024 is Observed on 30th June

International Day of the Tropics 2024, Date, History and Importance

India Contributes USD 1.169 Mn To Continue Promotion Of Hindi At UN

Frank Duckworth, Renowned English Statistician, Passes Away

India Successfully Tests ‘Abhyas’ High-Speed Expendable Aerial Target

Turkey Triumphs as FATF Grey List Status Revoked

RBI Projects Further Moderation in Bank NPAs to 2.5%

NCAER Projects Over 7% Growth for Indian Economy in Fiscal 2025

SBI Raises Rs 10,000 Crore via 15-Year Infrastructure Bonds at 7.36% Coupon

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