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Daily News Digest:09 June 2019

Maldives confers highest civilian honour on Narendra Modi

Indian Prime Minister Narendra Modi was conferred with the Maldives' highest civilian award, the Order of the Distinguished Rule of Izzudeen, by President Ibrahim Mohamed Solih on 8 June.

The award is in recognition of the many services Prime Minister Modi has offered to cement the longstanding and amicable ties between the two countries, and for the magnanimous assistance that the Indian government continues to provide to the Maldives under his stewardship.

G20 Finance Ministers call for creation of digital tax

Top G20 finance officials agreed on 08 June that there was an urgent need to find a global system to tax internet giants like Google and Facebook, but clashed on the best way to do it.

The G20 has tasked the Organisation for Economic Cooperation and Development (OECD), to fix the system that has seen some internet heavyweights take advantage of low-tax jurisdictions in places like Ireland and pay next to nothing in other countries, where they make huge profits.

SBI to offer home loan linked to repo rate

The State Bank of India will introduce a product where the interest rate is linked to the repo rate of the Reserve Bank of India.

The Home Loan receivers will have the option to choose interest rate linked to RBI’s repo rate.

International Space Station to be open to tourists from next year

U.S. space agency NASA announced 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.

There will be up to two short private astronaut missions per year.

The missions will be for stays of up to 30 days.

Govt considers setting up national institute for valuers

The Centre is mulling a law that will soon regulate valuation professionals in the country and towards this an institute for valuers will be set up on the lines of bodies such as chartered accounts of India.

Valuation professionals play crucial role determining value of an asset, which assumes even more importance now with the introduction of insolvency and bankruptcy code in India.

Justice Dhirubhai Naranbhai Patel Takes Oath As New CJI Of Delhi High Court

Justice Dhirubhai Naranbhai Patel was sworn in as Chief Justice of the Delhi High Court on 7 June.

Earlier, Justice Patel was posted at the Jharkhand High Court.

The Supreme Court Collegium had recommended his name for the appointment as Chief Justice of the Delhi High Court.

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