Top Best Current Affairs 4 June 2020

The Reserve Bank of India approved the extension of tenure for Lakshmi Vilas Bank Managing Director and CEO, Subramanian Sundar by 6 months from May 31, 2020 to November 30, 2020.

World Dugong Day is celebrated on 28th May, every year. World Dugong Day 2020 is observed to raise awareness and conserve an endangered marine species from extinction. The dugongs commonly known as the sea cow and its Scientific name is Dugong dugon, which is the world's only vegetarian marine mammal threatened with extinction and is fighting for its survival in Indian waters.

Union Minister of State Power and New & Renewable Energy RK Singh launched pan-India Real-Time Market in electricity through video conference in New Delhi on 3 June 2020. The real-time has placed the Indian electricity market amongst a league of few electricity markets in the world.

The Union Cabinet chaired by Prime Minister Narendra Modi approved the MoU signed between India and Bhutan. The agreement was signed to improve cooperation in the areas of the Environment.Both the countries agreed mutually to set priorities in the following areas of the environment including Air, Waste, Chemical Management, Climate Change, any other areas jointly decided upon. The Union Cabinet chaired by Prime Minister Narendra Modi approved the Memorandum of Understanding (MoU) signed between India and Bhutan. The agreement was signed to improve cooperation in the areas of the Environment. Official language of bhutan is Dzongkha.

The Union Cabinet has given its approval to extend repayment date upto 31.08.2020 for Standard Short-Term loans upto Rs.3 lakh advanced for agriculture and allied activities by banks, which have become due or shall become due between 1st March, 2020 and 31st August, 2020 with continued benefit of scheme. This will help the farmers to repay/renew such loans upto the extended repayment date of 31.08.2020 at 4% p.a., interest without attracting any penalty and thus help them in avoiding travelling to banks for such renewal during this COVID pandemic period.

Tata Power Limited, an Indian electric utility company, has acquired 51% stake in TP Central Odisha Distribution Ltd, a wholly-owned subsidiary of Grid Corporation of Odisha , for a consideration of Rs 178.5 crore. The remaining 49 % stake in TPCODL will be held by GRIDCO.

StartupBlink has released the Startup Ecosystem Rankings Report 2020. India ranked 23rd in the report. The report ranks 1,000 cities and 100 countries worldwide, based on their startup ecosystem strength and activity level. StartupBlink is a global startup ecosystem map and research center.

Virendra Nath Datt, Director (Marketing), National Fertilizers Limited has taken over the additional charge of Chairman & Managing Director of the Company on 3 June. Datt is associated with Company as Director since October 2018.