RBI has recently cancelled the license of which bank?
- The Reserve Bank of India (RBI)has cancelled the licence of Pune-based Shivajirao Bhosale Sahakari Bank. The bank ceases to carry on banking business, with effect from the close of business on May 31.
- The bank does not have adequate capital and earning prospects. As such, it does not comply with the provision of the Banking Regulation Act, 1949.
- The RBI observed that the bank with its present financial position would be unable to pay its present depositors in full. The bank was placed under RBI Directions from the close of business on May 4, 2019.
Research Design and Standards Organisation, which recently became first standards body in the country to join the ‘One Nation, One Standard’ scheme, is associated with?
- Research Design and Standards Organisation (RDSO), which sets standards for the Indian Railway Sector, has become the first standards body in the country to join the ‘One Nation, One Standard’ scheme of the central government.
- The RDSO, the sole R&D wing of the Railways Ministry, has now been recognised as a ‘Standard Developing Organisation’ by the Bureau of Indian Standards (BIS), for a three years period.
- BIS is the implementing agency for the ‘One Nation, One Standard’ scheme. RDSO and BIS will be now jointly defining the parameters to ensure quality goods and services for the Railways.
- The ‘One Nation, One Standard’ scheme was launched in 2019 with the objective to develop one template of standard for one given product in the country, instead of having multiple agencies set it, thereby building a ‘Brand India’ identity in the long run
Who has been appointed as the chairman of Digital Media Content Regulatory Council (DMCRC)?
- The Indian Broadcasting Foundation (IBF) announced the appointment of former Supreme Court judge Justice Vikramjit Sen as the Chairman of its newly formed self-regulatory body Digital Media Content Regulatory Council (DMCRC).
- DMCRC is formed as per the mandate of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. The move was done to bring together the broadcasters and OTT (over-the-top) platforms.
Who won the men’s gold medal in Asian Boxing Championship 2021?
- India’s pugilist Sanjeet Kumarwon a gold medal in the 91 kg weight category at the ASBC Asian Boxing Championships.
- Sanjeet pulled off a massive upset as he defeated five-time Asian Championships medallist and Rio Olympic silver medalist Vassiliy Levitof Kazakhstan in a 3-2 split decision in the final of Asian Championships in Dubai to clinch the gold.
The Kedarnath Judgement that upheld the constitutional validity of sedition law came out in-
Supreme Court of India has quashed the FIR lodged against a senior journalist for sedition charge and other offences. In that, the court held that the Journalists need protection against sedition charges.
- In Kedar Nath Singh v. State of Bihar (1962), the Supreme Court upheld the constitutional validity of the sedition law.
- The Court said that sedition is a reasonable restriction on free speech as provided in Article 19(2) of the Constitution.
- However, the court made it clear that a citizen has the right to say or write whatever she/he likes about the government or its measures.
- But this is only as long as he/she does not incite people to violence against the government and not do things with the intention of creating public disorder.
A report titled “Glaciers of the Himalayas, Climate Change, Black Carbon and Regional Resilience” has been recently released by-
The World Bank has released a report titled “Glaciers of the Himalayas, Climate Change, Black Carbon and Regional Resilience”.
- The report studies the impact of Black Carbon (BC) on Glacier melting. It covers the Himalaya, Karakoram and Hindu Kush (HKHK) mountain ranges.
- In the end, it concludes that managing Black Carbon emissions in South Asia has the potential not only to achieve global and regional climate benefits but will also lead to other valuable advantages like improved air quality and energy security.
The ‘World Employment and Social Outlook’ report is released by:
The International Labour Organisation (ILO) has released the annual World Employment and Social Outlook: Trends 2021 (WESO) report.
- The report analyseskey labour market issues including unemployment, labour underutilisation, working poverty, income inequality, labour income share and factors that exclude people from decent work.
- It highlights how the COVID-19 crisis had worsened pre-existing inequalities by hitting vulnerable workers harder.
World Environment Day is observed every year on
- World Environment Day (WED) is being observed on June 5 under the theme “Ecosystem Restoration”. It will be hosted by Pakistan.
- Amid the on-going covid-19 pandemic, which the world has been fighting for 1.5 years, WED has become more significant. Pandemic has shown how disastrous ecosystem loss can be. As the area of natural habitat for animal is shrinking pathogens like coronavirus are easily spreading. Thus, only healthy ecosystems can enhance livelihoods, counter climate change and stop collapse of biodiversity.