Current Affairs Daily Digest – June 22 2019
1. World Archery appoints Bindra to sort AAI trouble
World Archery appoints Bindra to sort AAI trouble. World Archery appointed Abhinav Bindra to sort out the ongoing mess in the Archery Association of India (AAI). AAI violated the constitution by unanimously electing two parallel bodies in Chandigarh and New Delhi.
Archery Association of India (AAI) is the national governing body of archery in India. Its headquarters are located in New Delhi. Its current president is Arjun Munda
2. Author Amish Tripathi appointed director of London’s Nehru Centre
Renowned Author Amish Tripathi has been named as the new director of London’s Nehru Centre, under Indian Council for Cultural Relations (ICCR). He is the author of best-selling books such as ‘Secret of the Nagas’ and ‘Sita – Warrior of Mithila’.
He will take over the director’s post from diplomat Srinivas Gotru, whose 4 year tenure ended in early 2019. He was appointed on basis of merit, after he applied for the director’s post followed by.
3. Operation Bandar: IAF’s code name for Balakot Airstrike
The pre-dawn air strike conducted by Indian Air Force (IAF) on a terrorist training camp in Balakot, Pakistan, on 26 February 2019 was code-named Operation Bandar (Monkey). The code name was given as a nondescript, mundane tag to the air strikes, in order to maintain secrecy and ensure that plans about Balakot operations.
4. CCI approves Indiabulls Housing Finance and Lakshmi Vilas Bank merger
CCI approves Indiabulls Housing Finance and Lakshmi Vilas Bank merger. Competition Commission of India (CCI) approved the merger of the Indiabulls Housing Finance and Lakshmi Vilas Bank. Lakshmi Vilas Bank is going to merge with Indiabulls Housing Finance .
5. IndusInd Bank to merge with Bharat Financial Inclusion on July 4
IndusInd Bank to merge with Bharat Financial Inclusion on July 4. Private sector lender IndusInd Bank and Bharat Financial Inclusion Ltd (BFIL) announced their merger which will be effective from July 4.
The National Company Law Tribunal on June 10, 2019 approved the Scheme of Arrangement among BFIL, IndusInd Bank and Induslnd Financial Inclusion and their respective shareholders and creditors.
6. Govt plans to raise income tax limit to Rs 3 lakh, hike 80C deduction limit
Govt plans to raise income tax limit to Rs 3 lakh. Union Finance Minister Nirmala Sitharaman may increase the personal income tax exemption limit to Rs 3 lakh of the annual income from the existing Rs 2.5 lakh for salaried class in the upcoming Budget 2019-20.
At present, income up to Rs 2.5 lakh is exempt from personal income tax. However, income between Rs 2.5 to 5 lakh attracts 5 per cent tax plus 4 per cent cess, while that between Rs 5 to 10 lakh is levied with 20 per cent tax plus Rs 12,500 plus four per cent cess. Income above Rs 10 lakh is taxed at 30 per cent.
7. India granted USD15 million to Niger for holding African Union Summit
India granted USD15 million to Niger for holding African Union Summit. India has extended USD 15 million assistance to Niger for organising the African Union (AU) summit scheduled to be held in Niamey from July 7-8.
The support of grant assistance was in response to a specific request made by the Niger government. This year, Niger is hosting an AU summit for the first time.
8. Women’s cricket nominated for inclusion at 2022 Commonwealth Games
Womens cricket nominated for inclusion at 2022 Commonwealth Games. Commonwealth Games Federation (CGF) nominated the inclusion of women’s cricket in the 2022 Commonwealth Games, which is scheduled to be held in Birmingham, United Kingdom.
International Cricket Council (ICC) in partnership with the England and Wales Cricket Board (ECB) presented the compelling case for women’s cricket to become part of the Commonwealth Games programme.
About Commonwealth Games:
2022 Venue: Birmingham, United Kingdom
Nations participating: 73
2018 Commonwealth Games was held in Gold Coast, Australia.
The first official Commonwealth Games were held in 1930 in Hamilton, Canada.
9. Pranati Nayak wins bronze at Asian Artistic Gymnastic Championship
Nayak clinched a bronze medal in vault event at the Asia rtistic Gymnastics Championships in Mongolia. The 23-year-old from West Bengal came up with a score of 13.384 to claim the bronze medal. China’s Linmin (14.350) and Japan’s Sakaguchi (13.584) won the gold and silver medal at the event.
10. PM Modi to participate in Japan G20 summit
Prime Minister Narendra Modi will attend the G20 summit in Osaka in Japan from June 27 to 29, the Ministry of External Affairs (MEA) said on Friday. It ministry also said that former Union Minister Suresh Prabhu will be India’s Sherpa at the G20 summit.
11. Saudi Arabia becomes 1st Arab country to get FATF membership
Saudi Arabia has become the first Arab country to be granted full membership of the Financial Action Task Force (FATF) following the group’s annual general meeting in the US. Now, FATF has 39 full members, including the permanent members of the UN Security council and most countries of G-20.
About FATF :
The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.
12. Advani wins Asian Snooker Championship to complete career grand slam in cue sports
India’s Pankaj Advani won the 35th men’s Asian Snooker Championship to complete a career grand slam in cue sports.
With his triumph here on Friday, Advani conquered the ACBS Asian Snooker events – 6-red (short format) and 15-red (long format) – along with the IBSF World Championships in both formats too.