Hello Readers. Here are the important updates of 6 April Current Affairs. The updates will help you score well in the Current Affairs Section of the exams. So here are 6 April Current Affairs | Daily Current Affairs.
6 April Current Affairs
Jio Payments Bank Limited has kicked off its operations
- The apex bank i.e. RBI has issued a licence to the Reliance Industries Limited (RIL) under Section 22 (1) of the Banking Regulation Act, 1949 to carry on business as payments bank in India.
- Payments Bank – These banks are operating on small scale and carry out most banking operations but can’t advance loans or issue credit cards. These banks accept deposits upto Rs 1 Lakh per customer.
- RBI Governor – Urjit Patel
IndusInd Bank to acquire IL&FS arm
- Reserve Bank of India has approved IndusInd Bank proposal to buy securities services arm of IL&FS.
- In 2017, the bank inked an agreement with Infrastructure Leasing and Financial Services (IL&FS), the promoter shareholder of IL&FS Securities Services Ltd (ISSL), to acquire 100% stake in ISSL.
Related Points IndusInd Bank
- Headquarter – Mumbai
- CEO – Romesh Sobti
- Tagline – We Make You Feel Richer
Himanta Biswa designated as full-time BAI President
- Badminton Association of India (BAI) has appointed Himanta Biswa as its President.
- On the other hand, Ajay Singhania of Haryana Badminton Association got elected as General Secretary.
- Former Tamil Nadu Badminton Association president Anbumani Ramadoss was elected as the treasurer uncontested.
Related Points BAI
- Establishment – 1934
- Headquarters – New Delhi
SBI Life Insurance named as its Sanjeev Nautiyal as new MD & CEO
- SBI Life Insurance Company Limited has appointed Sanjeev Nautiyal as its new MD and CEO.
- He will succeed Arijit Basu.
- Earlier, he was serving as the chief general manager of the bank’s Ahmedabad circle.
- Sanjeev Nautiyal started his career in 1985 with State Bank of India as probationary officer in bank’s Lucknow circle.
National Maritime Day observed on 5 April
- In order to commemorate the maiden voyage of the first Indian owned ship “SS Loyalty” (the first ship of the Scindia Steam Navigation Company Ltd), sailed from Bombay to London on 5th April 1919, the National Maritime Day (NMD) is observed every year on 5 April .
- This year is the 55th edition of NMD.
- Theme – “Indian Ocean-An Ocean of opportunity”
- World Maritime Day (WMD) observed on September 29.
Exim bank to provide $4.5 bn loan to Bangladesh for social, infra projects
- The Export-Import Bank of India (Exim Bank) has sanctioned a loan of Rs 29,200 crore (USD 4.5 billion) to Bangladesh for financing of various social and infrastructure projects.
- The agreement regarding the line of credit facility from Indian govt was signed on October 4, 2017.
- As a part of agreement, the Bangladesh uses this financing facility to import consultancy services from India.
Related Points EXIM Bank
- Establishment – 1982
- Headquarters – Mumbai
- CEO – Shri Yaduvendra Mathur
CBDT forms working group to access tax risks of HNWI migrating abroad
- The Central Board of Direct Taxes (CBDT) has constituted 5-member working group (committee) to examine taxation aspects related to High Net worth Individuals (HNWIs) who are migrating abroad to other jurisdictions.
- The Working Group will be headed by Pragya Sahay Saksena, a joint secretary with Foreign Tax & Tax Research Division of CBDT.
- The CBDT has termed such HNWIs as substantial tax risk as they may treat themselves as non-residents for taxation purposes in India.
Indian Navy has conducted HADR excercise “Chakravath” at Kochi
- Indian Navy has organized a joint humanitarian assistance and disaster relief (HADR) exercise “Chakravath” in coordination with the Kerala government at Kochi.
- The term “Chakravath” means “Cyclone”.
- The mandate of exercise was to review response mechanism in the event of a cyclonic storm.
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