Reserve Bank of India Simplifies KYC norms for opening of bank accounts, RBI has said that accounts can now be opened with just one address proof, permanent or local. This decision has been taken keeping in mind the banking needs of migrant workers and employees with transferable .
Kudankulam Nuclear Power Plant (KNPP) achieved its full power generation potential and thus became India’s first nuclear power plant to generate 1,000 Mega Watt (MW) of electricity. Other nuclear plants in India generally generate only around 540 MW of power while in the case of thermal plants it could increase up to 660 or 680 MW. Thus, in terms of capacity, Kudankulam Unit I is a significant achievement.
India successfully test-fired the 290 km-range BrahMos supersonic anti-ship cruise missile from the country’s largest indigenous warship INS Kolkata off the coast of Karwar in Karnataka. The Mazagon Dockyards Limited-built INS Kolkata, which is a new ship under Project 15-Alpha series, is yet to be formally inducted into the Navy and will have the capability to launch 16 BrahMos missile in one go when it enters operational service.
The Union Ministry of Road Transport and Highways (MoRTH) and Union Ministry of Healt and Family Welfare (MoHFW) on 9th June 2014 signed a MoU to provide HIV preventive services to transport sector workers. It will promote awareness through health camps and display of Information, Education and Communication (IEC) materials like panels, hoardings etc. at various locations on National Highways.
India had 1.75 lakh millionaire households in 2013 which ranks it as the 15th in the world in terms of countries with highest number of millionaire households, according to a report by The Boston Consulting Group (BCG). The report, Riding a wave of growth-global wealth 2014, says India’s wealth in 2013 grew 24.3 per cent to $2.2 trillion. The report is BCG’s 14th annual study of the global wealth-management industry and projects India’s house-hold wealth to grow to a compound annual growth rate (CAGR) of 18 per cent till 2018 to reach $5 trillion.
The Organisation for Economic Co-operation and Development (OECD) released a report on 10th June 2014. The report claims that it is expected that India would have a positive growth i.e., it will have a faster growth.
Rafael Nadal maintained his dominance in the French Open as he defeated Serbian Novak in the final match. French Open 2014 is Nadal’s 14 career Grand Slam title. World no. 1 Nadal also became the first man to win five Roland Garros crowns in a row. With 14 Grand Slams, Nadal has equaled the mark of Pete Sampras. Now, he is just three behind all-time record of Roger Federer.
Sourav Ganguly, former India Cricket team skipper, has been inducted into the Supreme Court appointed Mudgal Panel set up to investigate the IPL spot-fixing and betting scandal including probing the 13 names that are mentioned in the sealed envelope that it had submitted to the court in Febraury 2013.
Indian cricket team captain Mahendra Singh Dhoni is the lone Indian sportsman to figure on Forbes’ list of world’s 100 highest paid athletes. This is being topped by American boxer Floyd May weather and included golfer Tiger Woods and tennis stars Roger Federer and Rafael Nadal. Dhoni is ranked 22nd on the list with total earnings of USD 30 million and endorsements worth USD 26 million. His salary and winnings total USD four million as of June 2014, Forbes said.
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