28 May 2017 Current Affairs is available now for the users to read.
28 May 2017 Current Affairs
RBI to observe financial literacy week from 5-9 June 2017
Reserve Bank of India (RBI) will observe financial literacy week from 5-9 June 2017 across the country. The financial literacy week will focus on broad themes—know your customer (KYC), Exercising Credit Discipline and Going Digital (UPI and *99#).
The main objective of observing the financial literacy week is to emphasize the importance of financial literacy among the citizens.
India’s most profitable PSU is Oil India Corporation
Indian Oil Corporation (IOC) became the country’s most profitable state-owned company by overtaking Oil and Natural Gas Corporation (ONGC).
IOC, which has for decades been India’s biggest company by turnover, posted a 70% jump in net profit to Rs 19,106.40 crore in the financial year ended March 31, 2017.
Reliance Industries led by Mukesh Ambani retained the crown of being India’s most profitable company for the third year in a row, posting a net Rs 29,901 crore in financial year 2016-17.
PM Modi becomes most followed world leader on Facebook
Prime Minister Narendra Modi has become the top followed leader on Facebook globally. According to data shared exclusively by Facebook, Modi’s Facebook Page has more followers than Donald Trump. The data also shows that Digital India, Make in India and Swachh Bharat are the most engaged campaigns that have been run by the government of India.
India announces $500 million credit assistance to Mauritius
India has announced a $500 million line of credit to Mauritius as the two countries resolved to deepen ties in a range of areas including the maritime domain. Both the countries also signed a maritime security agreement after extensive talks between Prime Minister Narendra Modi and his Mauritian counterpart Pravind Jugnauth.
Paradip Port gets Shipping Ministry award
Paradip Port Trust has been awarded by the Union Shipping Ministry for witnessing the second highest growth in traffic for FY17. Port has handled 88.95 MMT of cargo in 2016 ; a 16.5 per cent rise over the previous year.