Current Affairs 28 June 2018

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Punjab becomes first state for digital property registration

• Punjab became the first state in the country to have online registration of properties. Chief Minister Capt Amarinder Singh inaugurated the new system at the district revenue office through videoconferencing from Chandigarh. (www.revenue.punjab.gov.in).

Higher Education Commission of India to replace UGC

• HRD Ministry is set to replace the apex higher education regulator body University Grants Commission (UGC) with Higher Education Commission of India (HECI).
• Higher Education Commission of India Act 2018 will repeal University Grants Commission Act, 1956.

India, US agree to reschedule 2+2 dialogue

• External Affairs Minister Sushma Swaraj and her American counterpart Mike Pompeo have agreed to reschedule the postponed ‘2+2 dialogue’ at a mutually convenient time and location as soon as possible.
• Swaraj and Defence Minister Nirmala Sitharaman were earlier scheduled to travel to the US to take part in the meeting with Pompeo and Secretary of Defence James Mattis on July 6.

Oxytocin production banned for private players from July 1

• The Ministry of Health and Family Welfare has restricted the manufacture of Oxytocin formulations for domestic use to public sector only from 1st July 2018. It has also banned the import of Oxytocin and its formulations.
• State-run Karnataka Antibiotics and Pharmaceuticals ltd (KAPl) will produce it for domestic use.

Pakistan placed on ‘grey list’ by Financial Action Task Force

• Financial Action Task Force (FATF) has placed Pakistan on the grey list for failing to curb anti-terror financing.
• The decision was taken at the Financial Action Task Force’s (FATF) plenary session in Paris. The FATF’s decision making body, the FATF Plenary, meets three times per year.  
• The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system.
• Headquarters of FATF- Paris, France.

Sonakshi collaborates with UNESCO to promote safe, secure cyberspace for kids

• Sonakshi Sinha is collaborating with UNESCO to empower digital citizens and promote secure cyber environment for children to prevent cyberbullying, online sexual abuse and exploitation on social media platforms.

Google introduces “Smart” campaigns to connect with customers online

• To help small businesses connect with relevant customers online, Google has introduced “Smart” campaigns which allow them to create ads in minutes.
• Google has also changed the name of one of its product from “Google AdWords” to “GoogleAds”

IndusInd buys IL&FS Securities

• IndusInd Bank has acquired 100 per cent of IL&FS Securities Services Ltd (ISSL) for an undisclosed sum.
• ISSL, incorporated in 2006-07, is a capital market intermediary offering the clearing of exchange traded derivatives, depository and custodial services. 

State Bank of India to close 9 foreign branches as part of rationalisation

• State Bank of India (SBI) has closed six foreign branches and is in the process of closing down another nine branches as part of rationalisation of overseas operations.

India’s Sovereign Rating Among Least Vulnerable To Currency Pressures: Moody’s

• India is among the 5 countries which are least vulnerable to currency pressures amid strengthening of the US dollar, because of low dependence on external capital inflows as per Moody’s Investors Service .
• India, China, Brazil, Mexico and Russia are among the “least vulnerable” to currency pressures.
• Argentina, Turkey and Sri Lanka are among the most exposed economies to dollar strengthening.