INDIA
– 2nd India-Nordic Summit held at Copenhagen in Denmark; participating Prime Ministers – India: Narendra Modi, Denmark: Mette Frederiksen, Finland: Sanna Marin, Iceland: Katrin Jakobsdottir, Sweden: Magdalena Andersson and Norway: Jonas Gahr Store
– PM Modi meets Denmark’s Queen Margrethe II in Copenhagen
IRCTC will run its first Bharat Gaurav Tourist train on June 21
MONETARY POLICY REVIEW
– RBI’s monetary policy committee (MPC) votes unanimously to increase repo rate by 40 basis points (bps)
– Repo rate increased to 4.40%, with immediate effect
– Standing deposit facility (SDF) rate stands adjusted to 4.15%
– Marginal standing facility (MSF) rate and the Bank Rate stand adjusted to 4.65%
– Cash reserve ratio (CRR) of banks hiked by 50 basis points to 4.5% of net demand and time liabilities (NDTL) from May 21
ECONOMY & CORPORATE
– Second phase of mandatory hallmarking of Gold Jewellery and Gold Artefacts to come into force from June 1
WORLD
– Norway tops World Press Freedom Index of Reporters Without Borders; India ranked 150th among 180 countries
SPORTS
– Khelo India University Games conclude in Bengaluru; host Jain University tops medals tally
