4th July 2019 Current Affairs for SBI | IBPS | IBPS RRB | SSC | Railways
Manoj Kumar Nambiar elected as chairman of MFIN


Manoj Kumar, managing director of Arohan Financial Services has been elected as new Chairman of MicroFinance Institutions Network (MFIN).

He was elected at the 10th Annual General Meeting of MFIN in New Delhi.

He will replace Ujjivan Financial Services CEO and MD Samit Ghosh.

MFIN is an industry association comprising 56 NBFC-MFIs (Non-Banking Financial Company-Micro Finance Institutions) and 40 associates including banks, small finance banks, and NBFCs.

About MFIN

Founded - 2012

Location - Gurgaon, Haryana


Economist David Lipton appointed as IMF interim leader


International Monetary Fund (IMF) appointed American economist David Lipton as its interim leader.

He replaces Christine Lagarde who was nominated to head the European Central Bank.

Prior to the appointment, Lipton was Special Assistant to the President and served as Senior Director for International Economic Affairs at the National Economic Council and National Security Council at the White House.

 About International Monetary Fund (IMF)

Founded - 27 December 1945

Headquarters - Washington, D.C. U.S.

Membership - 189 countries

Chief Economist - Gita Gopinath


AK Misra appointed as an additional director on Board of Directors of J&K by RBI


The Reserve Bank of India has appointed AK Misra as an additional director on Board of Directors (BOD) of Jammu and Kashmir Bank for a period of two years up to July 2, 2021, or till further orders.

He was the former executive director of RBI.

About Jammu and Kashmir Bank

Tagline - Serving to Empower

Founded - 1 October 1938

Headquarters - Srinagar, Jammu and Kashmir

Interim Chairman - Rajesh Kumar Chibber

About RBI

Founded - 1 April 1935, Kolkata

Headquarters - Mumbai

Governor - Shaktikanta Das (25th)


ICICI Bank tied up with IndoStar Capital for commercial vehicle financing


Industrial Credit and Investment Corporation of India (ICICI) Bank has tied up with non-banking financial company IndoStar Capital for vehicle financing for small and medium fleet owners to buy new and old commercial vehicles.

Under this partnership, IndoStar will provide the service to the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing.

About ICICI Bank

Tagline - Hum Hai Na, Khyal Apka

Founded - 5 January 1994

Headquarters - Mumbai

MD & CEO - Sandeep Bakhshi

About IndoStar Capital

Founded - 2009

Headquarter - India

CEO - R Sridhar


Operation Khumaar launched in J&K to make 312 panchayats free from tobacco


An Anti-Drug Campaign called 'Operation Khumaar has been launched in a district administration Rajouri, Jammu and Kashmir to make 312 panchayats tobacco-free.

The programme is run by the district administration to make panchayats free from tobacco-based products.

About Jammu and Kashmir

Capital - Jammu (winter), Srinagar (summer)

Governor - Satya Pal Malik

National Park

  • Salim Ali National Park
  • Hemmis National Park
  • Kishtwar National Park
  • Dachigam National Park


Maharastra ranks first in NITI Aayog's AMFFR Index


Maharastra achieved first rank in NITI Aayog launched "Agricultural Marketing and Famer Friendly Reforms Index (AMFFRI).

Gujarat ranked second with a score of 71.50 out of 100, closely followed by Rajasthan and Madhya Pradesh.

The index ranks states based on the degree of reforms they have undertaken in agricultural marketing. MFFRI has a score that can have minimum value "0" implying no reforms and maximum value "100" implying complete reforms in the selected areas.

About Maharastra

Capital - Mumbai

Chief Minister - Devendra Fadnavis

Governor - C. Vidyasagar Rao (22nd)

National Park

  • Sanjay Gandhi National Park
  • Chandoli National Park
  • Navegaon National Park
  • Tadoba National Park
  • Gugamal National Park


Hima bags gold in Poznan Athletics Grand Prix


Hima Ds has won the gold medal in women's 200m in the Poznan Athletics Grand Prix.

Poznan Athletics Grand Prix is held in Poznan, Poland.

Assam girl Hima defeated her opponents with a record of running the 200m track in just 23.65s.

Another Indian player shot putter Tajinder Pal Singh Toor has been able to win bronze in the competition.


Ambati Rayudu retires from international cricket


Indian batsman Ambati Rayudu has announced his retirement from international cricket.

The 33-year-old Rayudu played 55 ODIs and scored 1,694 runs with three centuries and fifties at 47.05. He also played six T20s, scoring 42 runs.


IMF approves $6 billion loan for cash-strapped Pakistan


International Monetary Fund (IMF) approved a $6 billion loan over a period of three years for cash-strapped Pakistan.

The approved loan aims to return sustainable growth to the country's fragile economy and improve the standards of living.

About International Monetary Fund (IMF)

Formation - 27 December 1945

Headquarters - Washington, D.C. U.S.

Membership - 189 countries

Chief Economist - Gita Gopinath


First 'Aadhaar Seva Kendra' open in Delhi and Vijayawada


Unique Identification Authority of India has opened its first 'Aadhaar Seva Kendra' in Delhi and Vijayawada.

The UIDAI has an ambitious plan to set up 114 such centres by the end of 2019.

These centres will provide the facility to apply for a new Aadhaar card or update the existing one and other activities.

The Aadhaar Seva Kendras were announced by the UIDAI CEO Ajay Bhushan Pandey in October 2018.


Founded - 28 January 2009

Headquarters - New Delhi

Founder - Government of India

CEO - Ajay Bhushan Pandey


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