Online mutual fund investment platform FundzBazar launches 'Selfiewala KYC' feature for first-time mutual fund investors

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Online mutual fund investment platform FundzBazar announces the release of its new feature called 'Selfiewala KYC' for first-time mutual fund investors.

FundzBazar launches 'Selfiewala KYC'. Source:The Hindu Business Line

Through this platform, investors can complete their KYC (Know your Customer) process from their home or office using mobile or laptop in just a few minutes.

PM Kisan Pension Scheme: Farmers' contribution to be Rs 100 per month

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Farmers will have to contribute Rs 100 per month under the Pradhan Mantri Kisan Pension Yojana that seeks to provide a minimum fixed monthly pension of Rs 3,000 on the attainment of 60 years.

PM-Kisan Pension Yojana. Source:zeebiz.com

L.I.C will be responsible for the pention payout.While the farmers are investing Rs.100/month the goverment will also be putting an equal amont in their account.

Govt reduces ESI contribution rate to 4%, industry to save Rs 5,000 crore annually

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Government announced a cut in contributions made by employers and employees toward the health insurance scheme of Employees' State Insurance Corporation (ESIC) to 4 per cent from the existing 6.5 per cent, a move which would lead to an estimated annual saving of around Rs 5,000 crore for firms.

PM-Kisan Pension Yojana. Source:zeebiz.com

The reduced rates will come into effect from July 1st 2019.

Exim Bank inks $245 mn loan agreement with Ghana, Mozambique to support agri, rail projs

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Export Import Bank of India (Exim Bank) will provide line of credit worth USD 245 million to Ghana and Mozambique for agricultural and railway projects.

Exim Bank signed $245 million loan agreement with Ghana & Mozambique for agricultural and railway projects. Source:moneycontrol.com

USD 150 million to Ghana and USD 95 million to Mazambique for agricultural and railway projects respectively.

RBI to pump in Rs 12500 crore liquidity on June 20

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The Reserve Bank of India said it will infuse Rs 12,500 crore into the financial system through bond purchases on June 20.

RBI. Source:zeenews.com

IRSDC enters into tripartite pact with French Railways, agency

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French development agency, AFD, will give €700,000 to French Railways, SNCF, to provide technical know-how to the Indian Railway Station Development Corporation (IRSDC) — the station development arm of Indian Railways.

IRSDC signed a Tripartite Agreement with SNCF and AFD. Source:indiaincgroup.com

Central India gets its first Sikh museum in Raipur

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A museum names "Shri Guru Teg Bahadur Sikh Museum" exhibiting Sikh culture and tradition has opened in the heart of state's capital city Ranchi was inaugurated by Chief Minister Bhupesh Bhagel.

Chhattisgarh's Raipur gets First Sikh Museum. Source:dnaindia.com

16th Asia media summit kicks off in Cambodia; deliberates on issues pertaining to media & broadcasting industry

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The 16th Edition of Asia Media Summit (AMS) 2019 started in Siem Reap province, Cambodia it will be held from June 12 to June 14, 2019.

16th Asia Media Summit. Source:aibd.org

It was inaugurated by the Prime Minister of Cambodia, Samdech Hun Sen. AMS was held under the topic “Media Digitalization Focusing on Developing Markets” and it gave a call to fight against fake news and cyber-crimes.

India slips 5 places to 141 on Global Peace Index 2019; Iceland again tops

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Australian think tank Institute for Economics and Peace (IEP) released the report, ‘Global peace index 2019’ stated that India ranked 141 among 163 countries on the Global Peace Index.

Global Peace Index 2019. Source:abc.net

Iceland topped the in the list.

Kashmiri Pandits return to Valley for Kheer Bhawani mela

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Annual festival of Kheer Bhawani Mela on Zeasht Ashtami was celebrated in Jammu and Kashmir (J&K).

Kheer Bhawani Mela. Source:watsupptoday.com

The mela has become the symbol of communal harmony. Muslims in the locality make all the arrangements for the devotees like setting up of stalls for flowers and other offerings.

NPP becomes first Northeast party to get national status: Here's a look at its highs and lows

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Meghalaya's ruling National People's Party (NPP) became the first party from the Northeast to be given national status by the Election Commission.

With this tag, it becomes the eighth national party in the country among All India Trinamool Congress, Bharatiya Janata Party (BJP), BSP, CPI, Communist Party of India (Marxist), Indian National Congress (INC) and NCP parties.

Centre sets target of providing clean drinking water to all by 2024

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The Centre has set a target of providing clean drinking water to all by 2024.

Clean Drinking water to all by 2024. Source:missionsbox.org

The ministry assured that there are over14 crore households will be benefitted by the plan.

Defence Space Research Agency: Modi govt approves new body to develop space warfare weapon systems

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The Cabinet Committee on Security (CCS) headed by Prime Minister Narendra Modi approved to set up the Defence Space Research Agency (DSRA), a new agency which will develop sophisticated weapon systems and technologies.

Defence Space Research Agency. Source:The conceptual mind,YouTube Channel

Defence Space Research Agency(DSRA) is being set up in Bengaluru, Karnataka under an Air Vice Marshal-rank Officer. It will eventually take over the space-related capabilities of the three forces namely Indian Army, Indian Navy, and Indian Air Force.

SBI unveils digital residential property show

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State Bank of India (SBI) has set up a new marketing outfit called ‘Destination: The Home Shoppe’ in Hitech City,Hyderabad. It was inaugurated by J Swaminathan, Deputy Managing Director, in the presence of senior officials of industry associations, including CREDAI, TREDA and TBG.

RBI’s new prudential framework for stressed asset resolution credit positive: Moody’s

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Moody’s Investors Service on Monday said the Reserve Bank’s new prudential framework for stressed asset resolution is ‘credit positive’, but flagged the slower-than-expected progress of resolution under Insolvency and Bankruptcy Code as a key hurdle.

RBISource:businessworld.in

The Reserve Bank of India’s (RBI) revised framework for the resolution of stressed assets is credit positive, because it brings back the focus on the need for the timely resolution of such assets, and the buildup of loan loss provisioning against those assets, Moody’s Investors Service VP Financial Institutions Group Alka Anbarasu said.

India’s first dinosaur museum-cum-park, equipped with 3D projection, opens doors in Gujarat

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Gujarat Chief Minister Vijay Rupani inaugurated the new Dinosaur Museum-cum-Park at Raiyoli village in Balasinor town of Mahisagar district.

India gets its first dinosaur museum and fossil park in Gujarat.Source:news18.com

This is the 1st such park in the country and also the world’s 3rd park which exhibits remains of various dinosaurs and fossil records.

Max Life Insurance launches unique 'My Protection Quotient' tool on second 'Protection Day'

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Max Life Insurance Co. Ltd. ('Max Life'/'Company'), announced the launch of a unique proprietary tool, 'My Protection Quotient' (MyPQ) further fortifying its commitment to ensure financial protection in the country.

Max Life Insurance Company launched ‘My Protection Quotient’ Tool.Source:chennaicitynews.net

It is a smart tool designed for individuals to provide financial protection and to promote awareness and importance of term plans in protecting the financial future of families.

India extends Rs 1.6 billion aid to Nepal for rebuilding earthquake-hit houses

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India on Monday extended a financial aid of 1.6 billion Nepalese rupees to Nepal to help 50,000 people in Nuwakot and Gorkha districts rebuild their houses damaged in the devastating earthquake in 2015.

The cheque for the same was handed over by India’s ambassador to Nepal Manjeev Singh Puri to Finance Secretary of Nepal Rajan Khanal.

Till now,India has granted Nepal a total of 4.5 billion Nepalese rupees under this project.

El Salvador recognises forests as living entities

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The Legislative Assembly of El Salvador has recognized forests as living entities on the World Environment Day (5th June 2019).

El Salvador recognises forests as living entities.Source:downtoearth.org.in

Since the 1960s, El Salvador has lost about 85% of its native forests and the planet as a whole has lost about 80 percent of its native forests.

UAE Cabinet adopts "National Strategy for Wellbeing 2031"

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The UAE Cabinet on Sunday adopted the National Strategy for Wellbeing 2031 during its meeting at the Presidential Palace in Abu Dhabi.

‘National Strategy for Wellbeing 2031’ adopted by the Cabinet of UAE. Source:thenational.ae

The Cabinet of United Arab Emirates (UAE) adopted a 12-year strategy ‘National Strategy for Wellbeing 2031’ during its meeting at the Presidential Palace in Abu Dhabi.