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Important Current Affairs of 25th June

INTERNATIONAL:

Former General Mohamed Ould Ghazouani won presidential election of Mauritania.

• Mauritania, a country in Northwest Africa conducted election a former general and defense minister, Mohamed Ould Ghazouani of Union for the Republic (UPR) party won the presidential election.

He won with 52% votes.

He succeeds Mohamed Ould Abdel Aziz.

Anti-slavery activist Biram Dah Abeid won second with 18.58% votes.

Sidi Mohamed Ould Boubacar biggest Islamist party won third with 17.87% votes.

First time in 60 years Mauritania faced elections.

They gained independence (28 November 1960) from France.

About Mauritania:

Capital: Nouakchott

Currency: Mauritanian ouguiya

AGREEMENTS AND MOU’s:

NSIC signs MoU with CSC e-governance services India.

• National Small Industries Corporation (NSIC) signed an MoU with Common Service Centres (CSC) e-Governance Services India to enhance new offerings for the MSME sector.

This MoU enables CSCs to utilize a plethora of NSIC offerings through the NSIC portal.

He facilitates VLEs and MSMEs through digital empowerment in accessing NSIC integrated support services encompassing Marketing, Finance, Technology.

The MoU special focus on providing services to village level entrepreneurs (VLEs) to exponential growth of Village Entrepreneurs in the country.

The MoU enable CSCs  to utilize plethora of  NSIC offerings through the NSIC portal www.msmemart.com .

About NSIC (National Small Industries Corporation Limited)

Founder: Government of India

Founded: 1955

Headquarters: New Delhi

BUSINESS AND ECONOMY:

Maruti Suzuki inks partnership with BOB for dealer financing

• Maruti Suzuki, an Automobile producer in India marked 'Favored Financier' MoU(Memorandum of comprehension) with Indian worldwide with Bank of Baroda(BOB) so as to improve credit for business stock financing.

• The association with Bank of Baroda permits Maruti Suzuki to back chances to sellers just as clients. The financing will work in accordance with the Bank of Baroda's item program of Supply Chain Finance.

• The tight liquidity circumstance in the budgetary arrangement of the IL&FS emergency and rising awful credits incited the banks. Moneylenders presented exacting credit standards for vehicle vendors because of the rising instances of awful advances in this portion of the car business. The sellers were approached to give guarantee stretched out by banks.

APPOINTMENTS AND RESIGNATION:

RBI Deputy Governor Viral Acharya resigned.

• The Reserve Bank of India’s (RBI) Deputy Governor Viral Acharya resigned six months before the scheduled end of his term

He returned to New York University Stern School of Business (NYU stern) as CV Starr Professor of Economics.

He submitted a letter to RBI he is unable to continue his term as a Deputy Governor of the RBI beyond July 23, 2019.

He joined RBI on January 23, 2017.

He leave the central bank on December 10, 2018

He is in charge of the Financial Stability Unit, Monetary Policy Department, Department of Economic and Policy Research, Financial Markets Operation Department.

About Reserve Bank of India

Established:1 April 1935

Headquarters: Mumbai, Maharashtra, India

Governor: Shaktikanta Das

SPORTS:

Lewis Hamilton won French Grand Prix

Lewis Hamilton of Mercedes won the French Grand Prix .It is held in Circuit Paul Ricard, Le Castellet, France.They verified 187 points. The United Kingdom got an eighth straight success in the year 2019 .It was the 6th success of the period.It is 79th of his vocation. He crushed Valtteri Bottas of Mercedes (Finland) verified 151. Charles Leclerc of Ferrari (Monaco) got third Max Verstappen of Red Bull (Belgium) fourth.

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