Author: Ritu

Russian oil tankers
Economy
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Russian oil tankers receive India’s insurance through a company in Dubai

Written by:RituPosted on:

Following the withdrawal of Western certifiers due to international sanctions against Moscow, India is now providing safety certification for dozens of ships managed by a subsidiary of the leading Russian shipping company Sovcomflot, according to official data. This has enabled oil exports to India and other countries. After insurance, certification from one of the top classification organizations in the world, the Indian Register of Shipping (IRClass), adds the final piece of documentation required to keep…

"Russian oil tankers receive India’s insurance through a company in Dubai"
air pollution in Delhi
Current affairs
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From October 1, Delhi requests that Haryana only let BS-VI buses to enter the city

Written by:RituPosted on:

The Delhi administration has requested Haryana to allow only BS VI-compliant buses to enter the national capital from October 1 to assist manage air pollution in the city. The request was made to address the issue of automotive pollution in the city, which, according to officials in this place, is caused in part by traffic from the neighboring state of Haryana. Due to a variety of causes, such as stubble burning and vehicle traffic, the…

"From October 1, Delhi requests that Haryana only let BS-VI buses to enter the city"
Ministry of Finance
India
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The Finance Ministry wants to make significant reforms to the Banks Board Bureau

Written by:RituPosted on:

The Ministry of Finance is aiming to include more officials from the insurance industry in the Banks Board Bureau (BBB) to enlarge and relaunch the organization. The ministry hopes that by doing so, it would be able to nominate persons for positions at public sector insurers and speed up recruiting at the highest level of state-owned financial institutions. Over the following several months, the union finance ministry plans to recruit new members, rebuild the bureau,…

"The Finance Ministry wants to make significant reforms to the Banks Board Bureau"
Prime Minister Narendra Modi
Current affairs
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Today, PM Modi begins a two-day visit to Gujarat, To announce projects worth Rs 21,000 crore

Written by:RituPosted on:

Prime Minister Narendra Modi will begin a two-day visit to Gujarat today, where he will participate in several events, including the inauguration and foundation-laying ceremonies for projects worth more than Rs 21,000 crore. PM Modi will open the renovated Shree Kalika Mata temple at Pavagadh Hill on June 18, followed by a visit to Virasat Van, according to a press release from the Prime Minister’s Office. On June 18, the Prime Minister will attend the…

"Today, PM Modi begins a two-day visit to Gujarat, To announce projects worth Rs 21,000 crore"
Google announced the introduction of the Google for Startups accelerator programme for female-led businesses on
Companies
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Google has launched a startup accelerator programme for female-led businesses

Written by:RituPosted on:

Google announced the introduction of the Google for Startups accelerator programme for female-led businesses on Tuesday. This is the first time the IT giant has announced a programme aimed specifically at women entrepreneurs in India. This year, the programme for women-focused creators will include two cohorts, each supporting 20 women founders. Google will choose 20 women-led firms for the inaugural batch of this programme, which will begin accepting applications today. The sector-neutral initiative will concentrate…

"Google has launched a startup accelerator programme for female-led businesses"
Flags of ASEAN nations
India
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Next week, India will host the ASEAN foreign ministers.

Written by:RituPosted on:

On the 16th and 17th of June, India will host the foreign ministers of ASEAN nations to commemorate the 30th anniversary of its relations with the 10-nation grouping. Myanmar’s participation in the ASEAN-India foreign ministers’ meeting would be based on the grouping’s regulations, according to External Affairs Ministry spokeswoman Arindam Bagchi, implying that the country’s foreign minister will not be in New Delhi. Following Myanmar’s military takeover last year, ASEAN’s attitude on engaging the nation…

"Next week, India will host the ASEAN foreign ministers."
Fuel shortages
Economy
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As a result of the oil shock, poorer nations are wracked by shortages and demonstrations.

Written by:RituPosted on:

The oil shock this year has had the greatest impact on developing countries. Many are reliant on imported petroleum, which is being suffocated by a combination of high international costs, weak currencies, and competition from wealthy nations recovering from the pandemic. In nations where food costs are already rising, higher gasoline bills are worsening inflation. The combination is causing public anger and protests, which democratic governments know is one of the fastest ways to lose…

"As a result of the oil shock, poorer nations are wracked by shortages and demonstrations."
Reserve Bank of India
Market
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Ahead of the RBI policy announcement, India’s 10-year bond rate reaches 7.5 percent, the highest level since 2019

Written by:RituPosted on:

In early trade on Monday, India’s benchmark 10-year bond yield hit its highest level since March 2019 as investors braced for a 50-basis-point rate hike later this week while rising global crude oil prices weighed on the mood. The 10-year bond yield in India was trading at 7.4965 percent, up 4 basis points from the previous close. The yield climbed to 7.5004 percent, its highest level since March 22, 2019. The Reserve Bank of India…

"Ahead of the RBI policy announcement, India’s 10-year bond rate reaches 7.5 percent, the highest level since 2019"
shares of Adani Wilmar
Market
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Shares of Adani Wilmar and Ruchi Soya Industries fell 5%

Written by:RituPosted on:

In Wednesday’s session on the BSE, shares of Adani Wilmar (AWL) and Ruchi Soya Industries fell 5% as investors booked profits on these stocks, a day after the government freed imports of 2 million tonnes of soybean and sunflower oil from customs tax and Agri cess. The effective tariff on crude palm oil, crude soybean, and sunflower was 5.50 percent until Tuesday when it was reduced to nearly nothing for the two oils up to…

"Shares of Adani Wilmar and Ruchi Soya Industries fell 5%"
situation in Assam
Current affairs
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Situation in Assam Improving as the death toll increases to 27

Written by:RituPosted on:

The situation in Assam, where pre-monsoon floods have wracked the state for the previous 12 days, has improved for the third day on Tuesday, but there are still 5.80 lakh people in 18 districts impacted, and the overall death toll has grown to 27 with two more deaths in the last 24 hours. The India Meteorological Department (IMD) forecasted further rain in the northeastern states, including Assam, in the coming days. According to officials with…

"Situation in Assam Improving as the death toll increases to 27"