Must Read News Articles – June 8th, 2019

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Plea in SC to modify PG admissions order

An application has been filed in the Supreme Court for a modification of its June 4 order restraining students from changing their original option/preference for seats in the postgraduate medical and dental courses in Maharashtra for the academic year 2019-2020.

Dissenting view not part of final order, says EC

The Election Commission has issued a formal directive, ruling that dissenting opinion in the Model Code of Conduct violation cases will not be included in the final order.

Draft National Education Policy moots all-India entrance tests for UG courses in public colleges

The Draft National Education Policy has recommended all-India entrance tests for admission to undergraduate courses in all government-funded universities and colleges

NPP first from N-E to get national party status

The Election Commission of India has declared the National People’s Party led by Meghalaya Chief Minister as a national party.

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Monsoon likely to be ‘below normal’

According to the Kharif Estimate 2019, released by Skymet, the monsoon this year is expected to be ‘below normal’, which is 93% of the long period average of 887 mm of rainfall between June and September.

FCI plans to increase its storage space

The Food Corporation of India (FCI) has commissioned a new roadmap to speed up silo construction to meet its target of 100 lakh tonnes of storage space by 2022.

International Space Station to be open to tourists from next year

U.S. space agency NASA has said that it would open up the International Space Station to business ventures including space tourism — with stays priced at $35,000 a night — as it seeks to financially disengage from the orbiting research lab.

SBI to offer home loan linked to repo rate

The State Bank of India has decided to introduce a new home loan product where the interest rate is linked to the repo rate of the Reserve Bank of India.

RBI revises stressed asset resolution norms

After the Supreme Court struck down the controversial February 12, 2018 circular of Reserve Bank of India (RBI) on stressed asset resolution, the RBI has released revised set of norms which are substantially less stringent from the previous one.

SEBI, MCA sign pact for more data scrutiny

The Securities and Exchange Board of India (SEBI) and the Ministry of Corporate Affairs (MCA) signed a memorandum of understanding (MoU) to facilitate seamless sharing of data and information for carrying out scrutiny, inspection, investigation and prosecution.