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Major News and Events of 11 June 2018

What Happened on 11 June 2018

Public Credit Registry to be set up by RBI

The Reserve Bank of India (RBI) has made an announcement of setting up a Public Credit Registry (PCR) on the recommendations of Y.M. Deosthalee committee. The PCR will serve as a repository of information relating to the loan information of individuals and corporate borrowers.

India Soon to Have its very-own First Domestic Lithium Ion Battery Project

India is going to have its first-ever domestic Lithium Ion (Li-ion) Battery project very soon as a Memorandum of Agreement (MoU) has been signed between the Central Electro Chemical Research Institute (CECRI), Karaikudi, Tamil Nadu under Council of Scientific & Industrial Research (CSIR) and RAASI Solar Power Pvt. Ltd. on June 10, 2018 regarding the transfer of technology. Currently, China, Japan, South Korea, and some other countries are supplying Lithium Ion Battery to the Indian manufacturers. These batteries can power any electrical operation without the need of physical wires.

Vadodara Municipal Corporation transformed Vadsar garbage dumping site into tree museum

The Vadodara Municipal Corporation (VMC) has transformed a landfill site located at Vadsar into a tree museum as a part of a waste management project. The place is located on the outskirts of the city and is named as the ‘Urban Forest – Museum of Trees’. This project was launched in October 2016 after which the dumping of the garbage at this site was prohibited by the VMC. The municipal body planted saplings of nearly 100 varieties of trees. The project was inaugurated by the Chief Minister Vijay Rupani on 9th June 2018.

YES BANK Launches India's First-Ever Green Deposit Product

Yes Bank, India’s fourth largest private lender, has launched "Green Future: Deposit", the first-ever green deposit scheme in India. The Bank has decided to stir up Rs. 1,000 crore via this innovative product offering. The tenure of this deposit is from 18 months and 8 days to 18 months and 18 days. This deposit gives a benefit of 7.50% p.a. the interest rate for regular Green Future: Deposits and 8.00%* p.a. for Senior Citizens. This deposit can only be opened by two modes i.e. YES BANK Net Banking and YES Mobile banking application in order to make the process completely paperless and contribute towards a sustainable future.

Dhanush, India's first indigenous artillery gun to enter Indian Army

Dhanush, India’s first indigenous and long-range artillery gun, has passed its final test at Pokhran, making way for its induction into the Army. Dhanush is a 155mm x 45mm caliber artillery gun which is also called the “desi Bofors”. The gun has cleared the tests under extremely cold conditions in Sikkim and Leh, and in hot and humid weather in Balasore, Odisha, Babina in Jhansi, and finally in the desert of Pokhran in Rajasthan.

FAQs and Answers on Indian History and Geography
Which Indian state is the largest producer of bauxite?The state of Odisha is the largest producer of bauxite in India. India has abundant resources of bauxite and serves as a raw material in the production of aluminium. As per the report of the Ministry of Mines, India stood at the 7th position in… Read More...
Which Indian city is famously known as the "Manchester City of India"?The city of Ahmedabad in the Gujarat state is famously known as the "Manchester City of India". This name was given to this city by a popular textile center in the Manchester of Great Britain, adhering to the striking similarities of Ahmedabad's prospering cotton textile… Read More...
Which Indian state is the largest producer of coffee?Karnataka state is the largest producer of coffee in India. The state contributed about 70% of the total production of coffee in India during 2016-17 with 2.33 lakh MT coffee production. The main variety of coffee grown in Karnataka is Robusta, but the state also… Read More...

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