Daily Current Affairs Updates

The Reserve Bank of India recently issued a new batch of Rs 500 denomination notes with new inset letter

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• Verizon Completes Yahoo Acquisition
• RBI identifies 12 Bank Accounts accounting 25% of NPAs to initiate Bankruptcy Proceedings
• 14 June: World Blood Donor day

Law expert Neeru Chadha has been elected to the International Tribunal for the Law of the Seas (ITLOS).

The Public Sector Oil Marketing Companies, Indian Oil, Bharat Petroleum and Hindustan Petroleum has have signed the joint venture agreement to jointly set up the world’s largest refinery and petrochemical complex in Ratnagiri district of Maharashtra.

The Union Cabinet has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017 which will provide a comprehensive resolution framework for financial sector entities to deal with bankruptcy situation in banks, insurance companies, and other entities.

The Union cabinet has approved the Interest Subvention Scheme (ISS) for farmers for the year 2017-18. The Government has allocated Rs. 20,339 crore for this scheme.

Telecom giant Verizon has acquired Yahoo’s core business for $4.48bn (£3.51m), thus ending Yahoo’s two-decade long run as an independent company. Verizon is the No.1 wireless operator in the US.

India has ratified two key global conventions for combating child labour as a step towards creating full respect for fundamental rights at work.

RBI’s Internal Advisory Committee (IAC) has identified 12 bank accounts constituting nearly 25% of the gross bad loans for immediate referral and resolution under the bankruptcy law.

SEBI has allowed options trading on futures contract of commodities. However, the capital market regulator has allowed the commodity derivatives exchanges to initially launch options on futures of only one commodity.

Who is the author of the book titled Indira Gandhi: A Life in Nature?