04 June 2017 Current Affairs is available now for the users to read.
04 June 2017 Current Affairs
World Bank and SBI finance Rs 400-cr solar projects in India
World Bank announced that they had financed 100 MW of rooftop solar projects worth Rs 400 crore in India in collaboration with State Bank of India. World Bank aid helped the public sector SBI lower the lending rate to project developers. SBI has availed of a loan of $625 million from the World Bank for on-lending to viable Grid-Connected Rooftop Solar photo voltaic ( GSPV) projects undertaken by developers, aggregators and end-users for installation of rooftop solar systems. Resultant of financial collaboration will be low interest rate funding of such projects by SBI.
Uday Kotak will be head of SEBI corporate governance panel
Securities and Exchange Board of India (SEBI) said it has set up a committee under the chairmanship of Uday Kotak. Mr. Uday Kotak is executive vice chairman and managing director of Kotak Mahindra Bank Ltd. He will be advising SEBI on issues relating to corporate governance in Indian firms.
Panel consisting of 21 members includes representatives from other companies, stock exchanges, professional bodies, investor groups, law firms, academicians, research professionals and SEBI officials.
Five non-permanent UNSC members elected by UN General Assembly
UN General Assembly has elected the non-permanent members of the Security Council for a two-year term beginning January 1, 2018.
Countries are Cote D’Ivoire, Equatorial Guinea, Kuwait, Poland and Peru. Cote D’Ivoire got 189 votes, while Equatorial Guinea got 185 votes and Kuwait 188 votes. Poland garnered 190 and Peru 186.
The powerful UN Security Council is made up of 10 elected members and five permanent veto-wielding powers– the United States, Britain, France, China and Russia.
India ranked 45th spot in IMD’s World Competitiveness list
India has been ranked 45th, down four notches from last year, in terms of competitiveness in the annual rankings compiled by IMD which saw Hong Kong topping the list.
Hong Kong consolidated its dominance of the annual rankings for the second year in the list compiled by the International Institute for Management Development’s (IMD) World Competitiveness Center.
Switzerland and Singapore were ranked second and third respectively while USA at the fourth spot.