1. The Indian Army carries out a rare operation to strike militants at the Indo- Myanmar border
(i) Indian Army on Tuesday carried out a surgical strike at two locations at the Indo-Myanmar border destroying two militant camps.
(ii) The operations were carried out by 21 para ( special forces) with the support from the Indian Air Force.
(iii) The Army claimed that the operation was conducted on the Indo-Myanmar border at two locations at Tuensang in Nagaland and Ukhrul in Manipur, indications were that troops actually crossed the international border though there was no official word on the same.
2. World Bank : India among top 5 economies
(i) As per the recent World Bank report, India has figured in top five emerging economies for highest investment commitments in private sector, infrastructure sector, energy, transport and water. This is despite a drop in investment commitments of USD 6.2 billion in the year 2014.
(ii) The top five countries in highest investment commitments in 2014 are Brazil, Turkey, Peru, Colombia and India.
(iii) These three countries, the Word Bank officials reported account for 73 per cent of the investment commitments in the developing world in 2014.
3. Finance Minister – Indirect tax collection up by 37 percent in the month of May
(i) Finance Minister Arun Jaitely on Wednesday announced that the indirect tax collection increased by 37 percent in the month of May and cumulatively it increased by 39.2 percent in the month of April and May.
(ii) He further added that there is pick up in manufacturing sector due to excise collection.
4. Anshu Jain resigns as the head of the German Deutsche Bank
(i) Germany’s biggest lender, Deutsche Bank appointed John Cryan as its new chief executive, post the resignation of Co-CEOs Anshu Jain and Juergen Fitschen, following the criticism by the investors.
(ii) Anshu Jain spent 20 years building Deutsche Bank into a global investment bank. Jain is reported to have pushed Deutsche to remain Europe’s, “last man standing” in investment banking, well beyond the time when competitors like UBS or Barclays had slashed trading operations and laid off thousands of bankers.
(iii) Anshu Jain becomes the second Indian, after Vikram Pandit to have tendered his resignation from a global bank.
5. Government to give interest free loans to the sugar Mills
(i) The Governmnet has approved of giving Rs.6000 crore interest free loans to the sugar mills to help them pay 30% of Rs 21,000 crore they own to the sugar cane farmers.
(ii) The sugar mills in India are one of the largest producer of sugar in the world and had sought relief from the government as prices of the sugar have fallen below the cost of production due to excess supplies.
(iii) This news comes as a great relief to the sugar mills, many of whom were not just struggling with huge debt but also facing an impending drought.
6. Dhawan- Vijay give a rollicking start to the short-series against Bangladesh
(i) Shikhar Dhawan dominated the proceedings from the beginning of the match scoring 150 for 158 balls.
(ii)Dhawan was ably supported by Murali Vijay who played undefeated innings of 89 off 178 balls, reaching 239 for no loss in the one-off cricket test series.
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