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MBA GK Updates June 01 - June 08 2018

MBA GK Updates June 01 - June 08 2018

TestFunda ,  08-Jun-18
U.S. isolated at G7 meeting as tariffs prompt retaliation
World > US > June 02

The United States' closest allies attacked the Trump administration on Friday for imposing tariffs on steel and aluminum imports and mounted challenges with the world's top trade body, fouling the mood at a G7 finance leaders meeting.

U.S. urges China to come clean on Tiananmen anniversary
World > US > June 04

The United States urges China to make a full public account of those killed, detained or who went missing during a crackdown on student-led pro-democracy protests in and around Beijing's Tiananmen Square in 1989, Secretary of State Mike Pompeo said.

Air India sexual harassment case: Maneka asks for internal probe to be concluded in a month
India > Air India > June 04

The Minister for Women and Child Development Maneka Gandhi has asked Air India to conclude its internal inquiry into an allegation of sexual harassment against a senior executive by the end of the month.

EU plans retaliatory tariffs against U.S.
World > EU-US > June 06

The European Union (EU) expects to hit U.S. imports with additional duties from July, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and aluminium.

World Bank nod for ₹6,000 cr. groundwater recharge plan
India > World BankAir India > June 06

To address concerns about depleting groundwater reserves in India, the government has joined hands with the World Bank to execute a ₹6,000-crore scheme called the Atal Bhujal Yojana (ABHY).

No change in H-1B visa policy so far: U.S. diplomat
India > H-1B visa > June 06

There is no change in the policy of visas for Indian professionals working in the IT sector of the U.S., a senior U.S. diplomat said here on Wednesday.

U.S. unemployment hits an 18-year low despite trade concerns
World > US > June 02

The number of involuntary part-time workers is still higher than it was before the 2008-09 recession. Defying fears of a global trade war, U.S. businesses have made it abundantly clear that they see no reason to stop hiring.

SEBI bars Mallya from capital market for 3 years
India > SEBI > June 06

The Securities and Exchange Board of India (SEBI) has barred Vijay Mallya from the securities market for three years for alleged illegal fund diversion from United Spirits.

Rs 1 crore reward for informants on benami schemes: Govt
India > benami schemes > June 01

The government announced a scheme for informants of benami transactions under which an individual can get a reward of up to ₹1 crore for providing information to the tax authorities. “Under the Benami Transactions Informants Reward Scheme 2018, a person can get reward [of] up to ₹1 crore for giving specific information in prescribed manner to the Joint or Additional Commissioners of Benami Prohibition Unit (BPU) in Investigation Directorates of Income Tax Department about benami transactions and properties as well as proceeds from such properties which are actionable under Benami Property Transactions Act, 1988, as amended by Benami Transactions (Prohibition) Amendment Act, 2016,” the government said in a release.

Citizenship Bill may have to wait for House nod
India > Citizenship Bill > June 01

The Citizenship (Amendment) Bill, 2016, is unlikely to be tabled in the monsoon session of Parliament as the Joint Parliamentary Committee (JPC) that is examining the legislation intends to have wider consultations, its chairperson said.

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