Indian, US, Japanese maritime forces begin Malabar exercise • Naval ships, aircraft and personnel from India, Japan and the US have begun exercise Malabar 2018. • They will practice surface and anti-submarine warfare operations and combined carrier strike group operations off the Coast of Guam Island in the western Pacific during the exercise. • The June 7-16, 2018 wargame is being held amid increased Chinese activities of building artificial islands in the South China Sea and sending submarines into the Indian Ocean. Short-term subsidised crop loan to be implemented through direct benefit transfer mode: RBI • The RBI announced that interest subsidy scheme on short-term crop loans of up to Rs 3 lakh will be implemented through the Direct Benefit Transfer Mode from the current financial year. • The Centre has earmarked Rs 15000 crore for 2018-19 towards interest subvention for short-term crop loans. • As per the scheme, farmers can avail of short-term crop loans ...
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