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News in Short

News in Short - 03-June-2019

SWIFT India and South Asia Conference held in Mumbai

Date: 03 June 2019 Tags: Financial Institutions
  • The SWIFT India and South Asia Conference was held in Mumbai, Maharashtra. Its theme was "Digitisation in transition: The future of innovation and cyber security.
  • It was organized and hosted by Society for Worldwide Interbank Financial Telecommunication (SWIFT).
  • Its objective was to discuss key issues with specific focus on innovation and our preparedness to face challenges around cybersecurity.
  • It had seen participation of 500 delegates representing financial institutions, multinational corporations (MNCs), regulators, market infrastructure experts, and other industry professionals, to discuss the most pertinent issues concerning the nation's financial market.
  • SWIFT India: It is local unit of SWIFT global that facilitates international payments functions for banks.

Telangana Day celebrated on June 2

Date: 03 June 2019 Tags: Days & Dates
  • Telangana Day is celebrated every year on June 2 to mark formation of Telangana state in 2014 after its bifurcation from Andhra Pradesh.
  • This year it was 5th Telangana State Formation Day.  Telangana was officially formed on 2 June 2014.  It is 29th state of the country.
  • It carved out by bifurcation Andhra Pradesh after enactment Andhra Pradesh Reorganisation Act, 2014.
  • The state was created with 10 districts with capital at Hyderabad. It borders Maharashtra, Chhattisgarh, Karnataka and Andhra Pradesh.

India loses world's fastest-growing economy title to China

Date: 03 June 2019 Tags: Miscellaneous
  • India lost its world's fastest-growing economy title to China after it registered 6.3% in January-March 2019 quarter as against 6.4growth recorded by China.
  • India had been ahead of China for two years. However, its economic growth rate slowed to 5.8% during fourth quarter of 2018-19 due to low agriculture and mining output along with subdued consumer demand. 
  • India's economic growth driven by domestic consumption. According to government data, economy has grown at its slowest pace in almost five years. The unemployment also reached 45-year-high in the financial year 2017-2018.

World Bicycle Day: June 3

Date: 03 June 2019 Tags: Days & Dates
  • The World Bicycle Day is observed every year on 3 June to promote the use of bicycles as a means of fostering sustainable development.
  • Observance of this day also seeks to promoting health and tolerance, physical education, preventing disease, mutual understanding and respect etc.
  • This year is second edition of World Bicycle Day after it was proclaimed by United Nations General Assembly (UNGA) in April 2018.

Rajasthan government increases financial assistance under Aapki Beti scheme

Date: 03 June 2019 Tags: Women & Child
  • Rajasthan government increased financial assistance given to school girls under'Aapki Beti' scheme,
  • Under this scheme, girls living under Below Poverty Line (BPL) and whose mother or father or both have died to get annual financial assistance in the state.
  • The amount has been increased to Rs.2,100 from Rs 1,100 for girls studying in class 1 to 8 and for the girls in class 9 to 12, it has been increased to Rs 2,500 from Rs 1,500.