CURRENT AFFAIRS FOR JUNE 2017 – HIGHLY USEFUL FOR IBPS PO/IBPS CLERKS/KVB AND OTHER PRIVATE BANKS OFFICERS/CLERKS RECRUITMENT --JUNE 9 TO 16, 2017
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CURRENT AFFAIRS FOR JUNE 2017 – HIGHLY USEFUL FOR IBPS PO/IBPS CLERKS/KVB AND OTHER PRIVATE BANKS OFFICERS/CLERKS RECRUITMENT --JUNE 1 TO 8, 2017
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http://www.sbank.in/2017/07/current-affairs-for-june-2017-highly.html (JUNE 1 TO 8 2017)
9th June 2017
WHO revises Protocol for Antibiotics
In an
effort to curb antibiotic resistance, the World Health Organization has divided
the drugs into 3 categories — access, watch and reserve. This is the biggest
revision of the antibiotics section in the 40-year history of the essential
medicines list. The new categorisation will further guide countries in ensuring
access to appropriate antibacterial agents and support.
1 Million Dollar Fund for BRICS Media
The
Brazil-Russia-India-China-South Africa (BRICS) grouping has signaled its intent
to expand its footprint in the global media space, with the injection of a $1
million fund. The plan will promote six objectives, including “balanced
reporting”— a view shared by several speakers at the forum who called for
alternative media narrative, which did not take the cue from Washington or
London.
2nd National Health Editors’ Conference
The
second National Health Editors’ Conference on Yoga began on June 9 in New
Delhi. The conference aims at giving insight to the journalists about the
scientific aspects of yoga and its benefits for health. The theme of conference
is Yoga for Health and Harmony.
TN signs MoU with Centre for UDAN
Towns
like Hosur and Neyveli in Tamil Nadu are set to have low-cost flight services
in the first phase of implementation of the Centre’s UDAN scheme which seeks to
promote regional air connectivity. UDAN aims at making regional connectivity
easy at low cost so that common people could opt for air travel. UDAN was
launched on 27 April 27, 2017.
Bopanna-Dabrowski Wins French Open
Rohan
Bopanna lifted his maiden Grand Slam title by winning the French Open mixed
doubles trophy with Canadian partner Gabriela Dabrowski, becoming only the
fourth Indian. They defeated Germany’s Anna-Lena Groenefeld and
Colombia’s Robert Farah. The 2017 tournament was the 116th edition.
India signs OECD to check tax evasion
India
signed the OECD multilateral convention that aims to check cross-border tax
evasion by multinational companies. More than 65 countries, including India,
signed the convention. The OECD/G20 BEPS project delivers solutions for
governments to close the gaps in existing international rules that allow
corporate profits to “disappear”.
India to partner with UNOSSC
India
and the UN Office for South-South Cooperation have launched a partnership fund
to promote sustainable development projects across the developing world. This
will be the first time that India has entered into a partnership with the UN in
a triangular cooperation with fellow developing countries. It was launched on
World Oceans day.
Microsoft acquires Hexadite
Microsoft
has confirmed that it has acquired Hexadite, an Israeli startup that uses AI to
identify and protect against attacks. Hexadite will develop security
solutions for commercial Windows 10 customers, specifically with Windows
Defender Advanced Threat. Other security acquisitions Microsoft has made in
Israel include Aorato, Adallom and Secure Islands.
Krishi Rin Samadhan Yojana Launched
Madhya
Pradesh govt has launched a new debt relief scheme – Krishi Rin
Samadhan Yojana for farmers. Under the scheme, the interest rate on loans would
be less, which would in turn also help defaulting farmers get loans. Government
has also allocated 1000 crore Rupees for the implementation of this scheme. It
has been launched as Farmers in Madhya Pradesh have been protesting since
a week
Law Ministry clears Kambala Bill
Union
Ministry of Law and Justice has cleared Prevention of Cruelty to Animals
(Karnataka Amendment) Bill 2017 for the Kambala. Karnataka HC had
banned Kambala along with bull-cart race while hearing a case filed
by People for the Ethical Treatment of Animals citing animal cruelty. Kambala
is the traditional slush track buffalo race that is held annually in coastal
districts of Karnataka.
Cabinet approves MoU b/w India and Korea
Union
Cabinet has approved the proposed MoU between Export-Import Bank of India
and Korea for export credit of USD 9 billion. It is aimed for
infrastructural development in India and for supply of goods and services as
part of projects in third countries. Export credit will be utilised through
lending by EXIM Bank for promoting projects including smart cities and
power generation in India.
Pitroda resigns as technical advisor
Prominent
telecom engineer Sam Pitroda resigned as the technical advisor to the Odisha
government. As a technical advisor to the government he was enjoying the status
of a cabinet rank minister. However he did not avail any facilities and took a
token salary of Re 1 a month. Pitroda’s resignation was demanded by opposition
BJP after he was named as the chairman of AICC’s overseas cell.
Independent Directors of IPPB
K G
Karmakar and Gauri Shankar have been appointed as the Independent Directors of
India Post Payments Bank. Their appointment to the post on the board of
directors of the bank is for a period of three years. The IPPB has been
incorporated as a public sector bank under the Department of Posts with 100 per
cent equity of the government of India.
First World Pest Day launched
The
first World Pest Day was launched in Beijing,China. Its objective is to
increase awareness of pest-borne diseases and safeguard public health through
scientific and professional pest control methods. More than 30 national and
international organisations have signed to support the initiative. The
inaugural of World Pest Day was initiated by the Chinese Pest Control
Association.
Kohli in list of highest paid athletes
Virat
Kohli is the sole sportsperson from India to feature among the world’s 100
highest paid athletes in the latest Forbes list. Kohli has been ranked 89th on
Forbes list of World’s highest paid athletes’ with a total pay of USD 22
million. Kohli earned USD 3 million from salary and winnings and 19
million from endorsements. Cristiano Ronaldo topped the list followed
by LeBron and Messi.
HDFC Bank starts fees on UPI transaction
HDFC
bank will start charging its customers for transactions made via the Unified
Payments Interface from 10 July. Fees will be imposed on all outward UPI
transactions. Transactions from Rs 1 to Rs 25,000 will be charged Rs 3 plus
taxes while those above Rs 25,000 to Rs 1 lakh will be charged Rs 5. These
charges make small value payments over UPI more expensive than those on NEFT.
Chauhan appointed CEO of GeM
Radha
Chauhan has been appointed as the Chief Executive Officer of Government e-
Marketplace (GeM). GeM is an online platform for central and state
government departments for purchase of goods and services. Chauhan is a
1988 batch IAS officer of Uttar Pradesh cadre, is at present President and CEO
of National e-Governance Division under the Ministry of Electronics and
Information Technology.
World’s most valuable club
Manchester
United has been named the world’s most valuable football club by Forbes for the
first time in five years. United replaced Real Madrid who led the way for the
last four years. According to Forbes, United generated revenues of $765 million
during the 2015-2016 season. United is also the most profitable team in the
world with an operating income of $288 million.
World Oceans Day
World
Oceans Day takes place every June 8 to remind everyone of the major role oceans
have in everyday life. They are the lungs of our planet, providing most of the
oxygen we breathe. World Oceans Day was officially recognized by UN in 2008. Oceans
cover about two-thirds of surface of the Earth and are the very foundations of
life. Theme for World Oceans Day 2017 is Our Oceans, Our Future.
Biodegradable prepaid gift cards
Axis
Bank announced biodegradable prepaid gift cards on World Environment Day. The
cards are made up of Polyethylene Terephthalate Glycol. These cards have a
large positive impact on the environment as they can be broke down safely
and quickly into raw materials of nature and disappear into the environment. Axis
Bank has become the first bank to introduce biodegradable cards in India.
10th June 2017
Malls, Restaurants to provide free water
Bengaluru
civic agency, BBMP has issued a circular to all multiplexes mandating them
to ensure that customers have access to free drinking water on their premises. All
eateries including those in malls and hotels in Bengaluru will have to provide
free drinking water to all customers. BBMP has also asked to display boards at
strategic points, saying drinking water is available.
Aviation Ministry to roll out DigiYatra
Ministry
of Civil Aviation is adding a Digital experience for Air Travellers through
DigiYatra Platform. It aims to bring together entire industry to develop a
digital ecosystem that will deliver customers a seamless and paperless
experience. It will allow passengers to plan their trips efficiently by
identifying price trends and estimate future airfares at the time of ticket
booking.
‘Selfie with Daughter’ Mobile App
President
Pranab Mukherjee launched ‘Selfie with Daughter’, a mobile application aimed at
raising awareness about female foeticide and sex selection. The campaign was
started by former sarpanch Sunil Jaglan in June 2015 at Bibipur village in
Haryana. The aim of the campaign is to motivate society to feel proud to be
parents of a girl child, which will result in improving child sex ratio.
EU imposes new anti-dumping duties
European
Union has imposed new anti-dumping duties on steel products from China. EU took
the action against China for allegedly flooding global markets in violation of
international trade agreements. EU has imposed duties of up to 35.9% on Chinese
hot-rolled flat steel used in shipbuilding, and gas containers. In January,
commission had slapped anti-dumping duties on stainless steel tube.
New events for Tokyo Olympics
The
International Olympic Committee has approved new events for the 2020 Tokyo
Games, including a number of mixed-gender competitions. The decision will lead
to a net increase of 15 events and the highest representation of female athletes
in Olympic history. The Tokyo Games would include 321 events, up from 306 at
Rio 2016. The number of mixed events will double from nine in Rio 2016 to 18.
SATH program launched by NITI Aayog
NITI
Aayog has launched SATH, a program providing Sustainable Action for
Transforming Human capital with State Govt. The vision of the program is
to initiate transformation in the education and health sectors. SATH aims to
identify and build three future ‘role model’ states for health systems. The
program will be implemented by NITI along with McKinsey & Company and IPE
Global consortium
Wipro declares Trump as potential threat
Wipro
has become the first Indian business house to declare the President of the
United State, Donald Trump a potential threat to business. The label comes
after American President had brought in curbs to the H1-B professional
visa, that is widely used by the Indian IT industry. Trump’s protectionist
policies have been of great concern for IT firms.
Admission to AYUSH courses through NEET
Admission
to various AYUSH courses will be conducted through the National
Eligibility-cum- Entrance Test from the next academic session. The
decision was taken to standardise the admission procedure and attract
meritorious students to the AYUSH stream. With the introduction of NEET,
private examinations would not be conducted to fill seats in any of the AYUSH
colleges.
SEBI clears Limaye as NSE chief
Market
regulator SEBI has given conditional approval for the appointment of Vikram
Limaye as the MD and CEO of the NSE. However, the appointment is subject to
Limaye being relieved as one of members of the Supreme Court appointed
committee that is currently running BCCI. He was named the NSE chief for a
period of five years in February. At present he is the MD and CEO of
IDFC.
SBI reduces interest rate on home loan
State
Bank of India has decided to reduce interest rates on home loans above Rs 75
lakh by 10 basis points to 8.6% per annum. Revised rates would be
effective from June 15 2017. For salaried women borrowers, rates have been
changed to 8.55% per annum. This was 2nd reduction in interest rates
undertaken by SBI in the last 2 months. SBI’s home loan portfolio rose by
16.82% during 2016-17.
Facebook Launches ‘Disaster Maps’
Facebook
has launched disaster maps, an initiative aimed at helping humanitarian
organisations save lives in emergencies. Maps will reflect the movements and
location of people before, during and after disasters to help aid agencies work
out where they should deliver food, water and medical supplies. Facebook is
currently beta testing the product with World Food Programme, UNICEF, and IFRC.
Chief Minister Scholarship Scheme
Punjab
govt. has launched “Chief Minister Scholarship Scheme” to provide technical
education to meritorious and poor students. Under the scheme, students scoring
60-70% marks in Class 10 will get 70% fee waiver, 80% fee waiver for those
getting between 70% and 80% marks and 90% for those scoring 80-90% marks. Students
with 90-100% marks will get free education.
RedInk Awards for best journalists
Mumbai
Press Club’s RedInk Awards for Excellence in Indian Journalism, 2017 were
presented at the National Centre for Perfoming Arts. Veteran journalist Vinod
Dua was recognised with the Lifetime Achievement Award and Raj Kamal Jha was
presented the Journalist of the Year award. With 15 categories, they are the
biggest journalism awards in India where winners are chosen by their peers.
Nepal’s 1st woman Chief Justice retires
First
woman Chief Justice of Nepal Supreme Court Sushila Karki has retired after
attaining the age 65 years. She was 25th Chief Justice of Nepal Supreme Court. She
handled many important cases including impeachment of Chief of Commission for
Investigation of Abuse of Authority. Justice Gopal Parajuli, the senior most
judge of Nepal Supreme court, has assumed charge as acting Chief Justice.
Nepal Honours Dharmashaktu
Nepal
has felicitated Love Raj Singh Dharmashaktu who became the first Indian to
scale Mt. Everest for a record 6 times. He was appointed a Tourism
Ambassador of Nepal to north India during the function. He is a Padma Shri
recipient who hails from Uttarakhand and works with Border Security Force.
He first scaled Everest in 1998 and received Tenzing Norgay National Adventure
Award in 2003.
Oldest fossil mushroom discovered
World’s
oldest fossil mushroom dating back to about 115 million years has been
discovered in Brazil. It has been named Gondwanagaricites magnificus and
belongs to Agaricales order. It is about 5 cm tall
and has gills under its cap rather than pores. 115 million years ago,
when super- continent Gondwana was breaking apart, the mushroom fell into a
river and began an improbable journey.
BaNCS App Development Kit launched
Tata
Consultancy Services has launched “BaNCS App Development Kit”. It will enable
banks to fast design and build their own apps and deploy it across devices and
desktops seamlessly. BaNCS ADK will help banks to design and deploy both
enterprise and consumer apps in a hybrid architecture. It’s vision is to
transfer flexibility and increase speed of development to the Bank.
Indian receives Diana Legacy Award
Nikhiya
Shamsher, a student from Bengaluru recently received The Diana Legacy Award
from The Duke of Cambridge, Prince William and Prince of Wales, Prince Harry. She
was awarded for her exemplary achievement of providing quality education
to the underprivileged. She was the only Indian to win the award from amongst
12,000 nominations received from all over the world.
Canara Bank, New India tie up
Canara
Bank and New India Assurance Company have entered into a corporate agency
arrangement for distribution of insurance products. Under the agreement,
New India Assurance will offer leading general insurance products to the
customers of Canara Bank. Tie-up will also offer personal products such as
motor insurance, home insurance besides commercial policy coverages like
fire insurance.
First HR Round Table conference
Minister
of Railways Suresh Prabhu inaugurated Indian Railways’ 1st HR Round Table
Conference in New Delhi. He said that Human Resource policy of the railways
ought to be revisited as most often wrong people have been assigned with the
wrong jobs. This initiative is focused towards providing Indian Railway with
exposure to the management practices in accordance with the current times.
11th June 2017
GST Council lowers tax rates of 66 items
Goods
and Services Tax Council has revised rates of 66 items from what was
originally stated in the 4 slab indiret tax structure. Under the revised tax
rates insulin, school bags, printers and agarbattis are set to get
cheaper. Finance minister added that under the GST, traders
and manufacturers with turnover of up to Rs 75 lakh can avail the
composition scheme, against Rs 50 lakh earlier.
First underwater metro in India
Kolkata
will get India’s first underwater metro system which will pass through
Hooghly river. It will be connecting 2 main terminals: Howrah and Sealdah,
each of which has a footfall of about 10-12 lakh passengers per day. The 1st
tunnel which has been completed is built 30 m below earth’s surface near
Howrah Bridge. It is the first time that a tunnel has been made under a flowing
river.
Internet users to double to 829 million
According
to a report Internet users in India will double by 2021 to 829 million
users from 373 million users in 2016. Overall IP traffic is expected to grow
4-fold at a compounded annual growth rate of 30%. The report further explained
that mobile to mobile connections will represent 22% of total
2 billion devices and connections and will account for 5% of IP
traffic by 2021.
World’s smallest & cheapest private jet
Aviation
company Cirrus Aircraft has launched world’s smallest and most affordable
private jet called ‘Vision Jet’ for ₹12.62
crore. It can cruise at 345 mph, which will take passengers from New York to
Miami in about 3 hours and has a maximum operating altitude of 28,000
feet. Cirrus has already accepted 600 orders of Vision Jet, which
accounts for over $1 billion in revenue.
Aadhaar Must For Filing Tax Returns
CBDT has
made it clear that Aadhaar will be a must for filing of IT Returns or for
obtaining a new PAN from July 1. Only a partial relief has been given to those
who do not have Aadhaar or who do not wish to obtain Aadhaar for time
being, tax authorities will not invalidate their PAN. If PAN is cancelled,
then a person cannot carry out his financial operations and hence
the relief is given.
UN holds first Ocean Conference
United
Nations held its first-ever Ocean Conference to renew member nations’
commitment to combatting rising sea levels, pollution, and harmful fishing
practices for the protection of world’s waterways. The conference ended with
the adoption by consensus of a ’14-point Call for Action’ to conserve and
sustainably use oceans, seas and marine resources for sustainable development.
Ostapenko wins French open
Jelena
Ostapenko overpowered favourite Simona Halep 4-6, 6-4, 6-3 in finals to
win the French Open final and become first Latvian Grand Slam champion. Ostapenko,
ranked 47th had never won a Tour-level title before and was playing in only her
8th Grand Slam. She is the first unseeded woman to win at Roland Garros since
1933. She is also the lowest-ranked champion in French Open history.
Chatterjee to get Legion of Honour
Soumitra
Chatterjee will be awarded France’s highest civilian award, the Legion of
Honour. His mentor and internationally acclaimed director Satyajit Ray was also
awarded the Legion of Honor. Ambassador of France to India Alexandre Ziegler
will present the honour to the veteran actor in Kolkata. He has also won
Dadasaheb Phalke Award in 2012 and was awarded the Padma Bhushan in 2004.
Ayush Ministry launches yoga awareness
Central
Council for Research in Yoga & Naturopathy under the Ministry of AYUSH, has
initiated a Yoga Awareness Drive through Mascots and Flash Mobs prior to
International Yoga Day. It is being done to increase popularity of Yoga
especially among the youth. Human-size IDY Mascots are running the campaign
& spreading the message of Yoga Day in Delhi NCR, Lucknow and Haryana.
Second MI Ministerial in Beijing
World’s
Energy Leaders gathered in Beijing for 2nd Mission Innovation
Ministerial and 8th Clean Energy Ministerial. India announced 2 MI-centric
Funding Opportunities in Smart Grid and Offgrid Access at US $5 million each. While
MI focuses on research and development for new technologies, Clean Energy
Ministerial focuses on scaling the deployment of clean energy technologies and
solutions.
Adam West dies at 88
Adam
West, the US actor best known as the star of the 1960s hit TV series Batman,
has died aged 88. West died peacefully in Los Angeles after a short but brave
battle with leukaemia. He is widely known for his role as Batman in the
1960s ABC series Batman. West also supplied the voice of Mayor Adam West, the
oddball leader of Quahog, Rhode Island, on the animated series “Family Guy.”
Govt sets up 18 sectoral groups
The
government has set up 18 sectoral groups, comprising senior members from the
Centre and the States, to ensure the smooth rollout of the Goods and Services
Tax. They will ensure a timely response to the problems of their respective
sector. The 18 sectors that will be represented by these groups include
banking, telecom, exports, IT & ITeS, transport and logistics, textiles and
others.
India awards road contract for Kaladan
Govt. is
on course to complete the $484-million Kaladan multi-modal transport
projects in Myanmar that will offer connectivity to Mizoram in India. ₹1,600 crore contract has been awarded for
building 109-km road connecting Paletwa river terminal to Zorinpui in Mizoram
border The construction is expected to start in October. Kaladan was the first
major project taken up by India in Myanmar.
Next High Commissioner of India to SA
Indian
diplomat Ruchira Kamboj has been appointed as the next High Commissioner of
India to the Republic of South Africa. She is the topper of the 1987 batch of
the Indian Foreign Services, Ambassador and Permanent Representative of India
to UNESCO-Paris. She has also held eminent positions at the High Commission of
India in Mauritius and at the Indian Embassy in Paris.
European Union Film Festival kicks off
22nd
European Union Film Festival kicked off in New Delhi with an aim to
improve cultural ties between India and European countries. The film festival
will screen 22 films from 22 European countries to serve the purpose of knowing
and understanding each other better. Beginning in Delhi, the festival will also
travel to Pune, Mumbai, Goa, Kolkata, Ranchi, Coimbatore and Puducherry.
Siemens signs MoU with Karnataka govt.
Siemens
Industry Software has signed a MoU with Karnataka Govt Tool Room and Training
Center and DesignTech Systems to establish 4 Centers of Excellence across
the state. Partnership paves way for a world-class integrated skill development
infrastructure and benchmarked technical education curriculum with the core
focus on Industry Automation. Total cost of the project is Rs 2031.80 crore
India and Mauritius sign pact
India
and Mauritius has signed a pact to institutionalize cooperation between Parliaments
of the two countries. MoU was signed by Lok Sabha Speaker Sumitra Mahajan and
Speaker of National Assembly of Mauritius Santi Bai Hanoomanjee. Sumitra
Mahajan said there is a lot to be learnt by sharing the best practices and
experiences as parliamentary democracies.
IOB launches retail mart
Indian
Overseas Bank has launched Retail Mart, a retail lending concept
in Thiruvananthapuram. It has been designed with an aim to complete all
pre-release formailities at the customer’s door step and sanction quality
retail loans at a competitive rate of interest. The new facility will
expeditiously entertain and process housing loans, vehicle loans and other
mortgage loans.
UK elects its first ever female Sikh MP
Preet
Gill has become the first female Sikh MP to be elected to the UK’s Houses of
Parliament while Tanmanjeet Singh Dhesi became the First Turbaned
Sikh MP in the UK Parliament. Preet Gill won Birmingham Edbaston seat by 24,124
votes while Dhesi won a huge majority of 16,998. Both Preet and
Tanmanjeet are from Labour Party.
Tesla surpasses BMW
Share of
Tesla climbed 1.4% boosting its market capitalization to $61.6 billion,
about $280 million more than BMW AG. Tesla is now the world’s fourth-most
valuable automaker, behind Toyota, Daimler, and Volkswagen. Tesla delivered
less than 80,000 vehicles last year and has only reported two profitable
quarters since it was founded.
12th June 2017
Govt launches Tele Law
The
Ministry of Law and Justice has launched the ‘Tele-Law’ initiative in
collaboration with the Ministry of Electronics and Information Technology to
provide legal aid services to the marginalized communities and citizens living
in rural areas. It will be first launched in UP and Bihar. A new portal called
‘Tele Law’ will also be made available.
Indira Gandhi A life in Nature launched
The book
“Indira Gandhi – A life in Nature” was launched by Congress president Sonia
Gandhi at Indira Gandhi Memorial. Book is authored by Jairam Ramesh and
published by Simon & Schuster. It also showcases how Indira Gandhi led
India to the path of conservation and made it a priority of economic
development. It also highlights unexplored aspect of her life and love for
nature.
Rafael Nadal wins 10th French Open title
Rafael
Nadal defeated Stan Wawrinka 6-2, 6-3, 6-1 in the Paris final to win 10th
French men’s Tennis Open title. He became the 1st man in history to win same
major 10 times. This is his 15th Grand Slam title overall, surpassing
Sampras to be placed 2nd in all-time list behind Federer’s 18. He is now
just 1 short of Margaret Court’s all-time record of 11 titles at a single grand
slam event.
Amit Sinha to be COO of Paytm Mall
Paytm
Mall, the e-commerce arm of One97 Communications has appointed Amit Sinha as
the Chief Operating Officer. Sinha, who most recently served as vice president
of business at One97, will be responsible for overall operations, hiring,
category management and logistics. Paytm recently demerged its e-commerce
business into a separate entity called Paytm E-Commerce which runs Paytm Mall.
Boxx.ai gets $500K from Unicorn India
Bangalore
based artificial intelligence startup Boxx.ai has raised $500K from
Mumbai-based venture capital firm Unicorn India Ventures and a clutch of
investors. The company builds products that use artificial intelligence to
solve critical analytics problems. Its proprietary algorithms predict what
customer is likely to buy in future and then deliver personalised customer
experiences.
Lewis Hamilton wins Canadian GP
Lewis
Hamilton won the 2017 Canadian Grand Prix title in Montreal. It is his 6th
Canadian Grand Prix title as well as his third this season and 56th of his
career. Hamilton has cut down Ferrari driver Sebastian Vettel’s lead in the
drivers’ championship to 12 points. Hamilton won by nearly 20 seconds from
Mercedes teammate Valtteri Bottas with Red Bull’s Daniel Ricciardo finishing
third.
Puerto Rico votes to become US state
Puerto
Rico voted in favour of becoming the 51st US state with 97% voters supporting
the referendum. US Congress will now have to decide whether it wants to expand
the nation’s borders and accept the Caribbean island into the Union. Puerto
Rico has been under the control of the US since 1898 and was taken in the
Spanish-American war. Suffering from a large deficit and 12% unemployment
rate.
C Narayana Reddy passes away
Eminent
poet, litterateur and Jnanpith awardee C. Narayana Reddy passed away. He
was popularly known as CiNaRe. He was known for his use of Telugu in its
pure form, and would not be swayed by filmmakers on the use of the language. He
was awarded the Padma Shri in 1977 and the Padma Bhushan in 1992. His
compilation of poems, titled ‘Viswambhara’, got him the Jnanpith award in 1988.
Sickle Cell Advocate of the Year
Sickle
Cell 101, an organisation that specialises in Sickle Cell education has
honoured Dr Sudam Kate for his extraordinary work in sickle cell screening and
research with prestigious Sickle Cell Advocate of the Year award. He is
the first Indian to receive this award and has screened more than
2 lakh people for sickle cell. Sickle cell anaemia is a hereditary defect
confined to RBC.
Hill Area Development Programme
Dr
Jitendra Singh announced launch of, “Hill Area Development Programme” (HADP)
for Northeast in Imphal. It is aimed at giving a focused attention to the
lesser developed hilly areas and will be initiated on a pilot basis in the
hilly districts of Manipur. It also aims to bridge the gap between the hill and
valley districts in terms of infrastructure, quality of roads, health and
education.
Record breaking drone swarm
China
has launched a record breaking swarm of 119 fixed-wing unmanned aerial
vehicles breaking previous record of a swarm of 67 drones. Swarm
intelligence is regarded as the core of artificial intelligence of
unmanned systems and future of intelligent unmanned systems. According to a
report Chinese military is also testing to launch mass armed drones as a new
technique in battle conditions.
England win Under-20 World Cup
England
defeated Venezuela 1-0 to win the FIFA Under-20 World Cup in South Korea. It
is the first time England have ever won the Under-20 World Cup and the first
time since 1966 that the country has been involved in a Fifa World Cup final. Ademola
Lookman brought a decent save from Farinez before Calvert-Lewin wrote his name
into the history books with what proved to be the winning goal.
EU, France grant 3.5m euros
To
reduce emissions and promote sustainability to help India’s smart city
programme, France and European Union have extended a grant of 3.5 million
euros under Moblise Your City initiative. Nagpur, Kochi and Ahmedabad will
get grant as part of EU’s commitment under Paris Climate agreement. MYC aims to
extend help to 100 cities globally to reduce Green House Gas emissions
India drags US to WTO
India
has complained to WTO that US has failed to drop anti-subsidy duties on
certain Indian steel products after losing an earlier ruling. US failed to meet
the deadline to comply with WTO ruling that faulted it for imposing duties on
hotrolled carbon steel products from India. If the dispute is not resolved
within 2 weeks India could then ask a WTO dispute resolution panel to
adjudicate.
Harrison-Venus wins French open doubles
Ryan
Harrison and Michael Venus won their first Grand Slam tennis title with a
victory in men’s doubles final in the 2017 French Open. US-New Zealand pair won
7-6 (5), 6-7 (4), 6-3 against Santiago Gonzalez and Donald Young. With this win
Michael Venus became New Zealand’s first Grand Slam champion since 1974
and is New Zealand’s second Grand Slam winner in the modern era
after Onny Parun.
Miguel D’Escoto Brockmann passes away
Miguel
D’Escoto Brockmann, former Foreign Minister of Nicaragua and former President
of the UN General Assembly, passed away on 8 June 2017. As the President of the
United Nations General Assembly from September 2008 to September 2009, he
presided over the 63rd Session of the United Nations General Assembly. He was
also nominated as Libyan Representative to the UN in March 2011.
Nguyen Hoa bags Mumbai Mayor Chess title
Vietnam
Grand Master Nguyen Duc Hoa clinched a decisive win against Indian GM Neelotpal
Das to emerge as the champion of 10th Mumbai Mayor’s Cup International Open
Chess Tournament. He went home richer with the top prize of Rs 3 lakhs . Indian
Grand Masters Diptayan Ghosh and Neelotpal Das finished with identical 7.5
points and were placed third and fourth respectively.
Lendingkart raises Rs 50 crore debt
Financial
technology start-up Lendingkart Group has raised a debt of Rs 50 crore from Yes
Bank. Lendingkart had earlier raised an undisclosed amount in debt from DCB
Bank and is in talks with other banks for more. The company has so far
raised more than Rs 250 crore in debt from the two banks and various NBFCs. Founded
in 2014, Lendingkart lends to small and medium businesses.
Kutwal wins gold medal
Shashikant
Kutwal has won the gold medal at the 17th World Individual Chess Championship
for differently-abled held in Slovakia. He is a railway employee and has
been representing Central Railway, Indian Railways and India at various chess
competitions. In the World Championship, held by Physically Disabled Chess
Association, Kutwal won gold medal after scoring 7.5 points from a possible 9.
Mehrunnisa Dalwai passes away at 87
Mehrunnisa
Dalwai, noted social activist, author and wife of one of modern
Maharashtra’s most remarkable and formidable social reformers Hamid Dalwai,
passed away at her residence. She married Hamid Dalwai in 1956 and worked with
him for justice and equal rights for Muslim women. She had spearheaded a march
to ‘Mantralaya’ in Mumbai seeking abolition of triple ‘talaq’.
13th June 2017
RBI to issue new batch of Rs 500 notes
Reserve
Bank of India will issue new batch of 500 rupee banknotes with inset letter “A”
in both the number panels, bearing the signature of RBI Governor Dr. Urjit R.
Patel. The notes will have the year of printing ‘2017’ on the reverse. The
design of these notes is similar in all respects to the 500 rupee banknotes in
Mahatma Gandhi (New) Series which were released post demonetization.
SBI’s paid up capital rises to Rs 863 cr
State
Bank of India’s paid up capital has increased to Rs 863 crore following Rs
15,000 crore share sale through qualified institutional placement route. The
paid up equity share capital of the bank stands increased from Rs 810 crore to
Rs 863 crore. Bank alloted 52.21 crore shares of face value of Re 1 at price of
Rs 287.25 per share aggregating to Rs 15,000 crore to 61 eligible investors.
India’s retail inflation hits record low
Driven
by cooling food prices, India’s annual consumer price inflation eased further
to 2.18 per cent in May, from 2.99 per cent in April. This is the lowest
inflation rate since India started publishing an economy-wide consumer price
index in 2012. It remains well below the Reserve Bank of India’s medium-term
target of 4 per cent for the seventh month in a row.
Project Jal Sanchay wins national award
Project
Jal Sanchay, a model of water conservation adopted by authorities in
Nalanda district of Bihar has been selected for national award for excellence
in MGNREGP by ministry of rural development. It has not only improved
availability of water but has also positively impacted farm production. Under
the project check dams were built and traditional water bodies were desilted
and renovated.
Jitu-Heena pair wins gold in World Cup
Ace
shooters Jitu Rai and Heena Sidhu won the gold medal in mixed team 10m air
pistol event of the International Shooting Sports Federation World Cup held at
Gabala, Azerbaijan. They defeated Russia 7-6 in finals to clinch the gold medal
while France defeated Iran to win the bronze in the event. The pair had
also won gold at the ISSF World Cup held in New Delhi earlier this year.
UP has highest number of child labourers
According
to CRY’s Report, more than 8 lakh children between the age group of 5 and 6
years in India are engaged in child labour. Uttar Pradesh has the highest
number of 2,50,672 children engaged in labour, followed by Bihar and
Maharashtra. High level of poverty and unemployment coupled with a lack of
adequate social security net compel parents to allow their children to work.
MHA panel to examine rules on movement
Centre
has set up an expert committee to examine the rules which allow free
movement of Indian and Myanmarese citizens within 16 kms of the border. The
committee would be headed by the special secretary (Internal Security) in the
Ministry of Home Affairs. The international border with Myanmar is porous with
cross-border movement of insurgents and smuggling of arms and ammunition is
common.
7th largest exporter of agri products
According
to Commerce Secretary Rita Teaotia, India has emerged as 7th largest exporter
of agri-products globally. She said there is a significant increase in the
exports of food products from the country and it represents more than 12 percent
of total exports. Vietnam, UAE, Saudi Arabia, USA, Iran, Iraq and Nepal are the
major destinations for export of Indian food products.
Arunachal wants separate time zone
Arunachal
Pradesh CM, Pema Khandu, reiterated demand for a separate time zone for
the north-eastern states. Demand is made to improve work efficiency and save
electricity in north-eastern states. Khandu has demanded that northeastern
states be allowed to advance their clocks by some time (0.5-1 hour approx) to
save more daylight hrs. It will give a fillip to economic activity in the
city.
India to ratify key global conventions
India is
set to ratify two key global conventions on combating child labour. India will
ratify Minimum Age Convention, 1973 and the Worst Forms of Child Labour
Convention, 1999. Minimum Age Convention has been ratified by 169 member states
and the Worst Forms of Child Labour Convention by 180 member states so far. Around
the world there are still 168 million children in child labour.
Centre to set up 100 AYUSH hospitals
Centre
has approved the proposals for setting up of 100 Ayurveda, Unani, Siddha &
Homeopathy hospitals across the country. Posting of 4000 AYUSH
doctors have been approved by Union Govt in last 3 years. An
AYUSH hospital equivalent to AIIMS would be opened within a month at New Delhi.
Ministry has also approved setting up of two 50-bed integrated AYUSH hospitals
at Theni and Tiruvannamalai.
Railways to induct refurbished coaches
Railways
is planning to induct about 40,000 coaches with improved interiors and upgraded
facilities at an estimated cost of Rs 8,000 crore to provide world-class
comfort to passengers. The aim is to make available 40,000 new look coaches in
the railway fleet by 2023. Coaches will be retrofitted with refurbished
interiors, improved seating arrangement and bio-toilets among other facilities.
Padmalaya Nanda creates history
12 year
old Padmalaya Nanda has created history by becoming the youngest girl to bag
Little Miss Universe Internet 2017 and Little Miss Actress crowns at
Little Miss Universe 2017 in Georgia. It is the 1st time that a 12 year
old Indian girl has won this beauty pageant title. She stood 1st in the
talent round and showcased Indian culture by performing Sambalpuri Dance
at Royal Anthro Party.
Panama cuts ties with Taiwan
Panama
has cut long-standing diplomatic ties with Taiwan and established relations
with China, in a diplomatic coup for Beijing. The Panamanian government said it
recognised there was “only one China” and considered Taiwan part of it. A joint
communiqué establishing ties was also signed by China’s Foreign Minister Wang
Yi and Panama’s Foreign Minister Isabel de Saint Malo in Beijing.
International Albinism awareness day
International
Albinism Awareness day is observed every year on June 13 across the globe
with an aim to stop the brutalities against people with albinism. Hundreds of
albinos have been brutally murdered and mutilated in African countries
in past decades. Albinism is a genetic condition resulting in little or no
pigmentation in the skin, hair, and eyes. It was adopted by UNGA on
Dec 18, 2014.
CSIR signs pact with MIDI
Council
of Scientific and Industrial Research has entered into an agreement
with Metal Industries Development Institute, Ethiopia to implement a
twinning programme. It is one of the largest programmes (in terms of
contractual amount) b/w a CSIR institute and a foreign entity. CSIR will
enhance capacity and capability of MIDI towards development of Metals and
Engineering sectors in Ethiopia.
R.K. Sharma to administer Sahara Life
Insurance
Regulatory and Development Authority of India has announced taking over the
management of Sahara India Life Insurance Company. IRDAI in an order said that
Subrata Roy run insurer was acting in a manner prejudicial to interest of
subscribers. IRDAI appointed one of its general managers, R K Sharma, as
administrator to manage the affairs of the insurer with “immediate effect”
Warriors crowned NBA champions
Golden
State Warriors defeated the Cleveland Cavaliers 129-120 in Game Five of the NBA
Finals to clinch the series 4-1 and be crowned the NBA champions. The victory
was the Warriors’ second in three years, after claiming the title in 2015. Kevin
Durant was named winner of the Bill Russell NBA Finals Most Valuable Player
Award for leading the Warriors to the 2017 championship.
1st HC judge To Retire While Absconding
Calcutta
High Court Judge CS Karnan, who has been missing since he faced arrest under
the Contempt of Courts Act, retired, becoming the first HC judge to
retire while absconding. In May, a 7 judge bench found him guilty of contempt
of court and sentenced him to 6 months in jail. Before West Bengal Police could
arrest him, he reportedly left for Chennai and has been untraceable ever since.
World Day Against Child Labour
The
World Day Against Child Labour is held every year on June 12. It is intended to
foster the worldwide movement against child labour in any of its forms. It is
an International Labour Organization sanctioned holiday aiming to raise
awareness and activism to prevent child labour. World Day Against Child Labour
2017 Theme is “In conflicts and disasters, protect children from child labour”.
14th June 2017
Rs. 10000 immediate relief for farmers
The
state government decided to provide immediate financial assistance of up to
Rs10,000 to all the small and marginal farmers to start sowing operations for
the ensuing kharif season. The government would be providing bank guarantee to
nationalised and district central cooperative banks. The amount will be
adjusted later when they avail fresh crop loan.
MoU between India and Armenia
The
government has approved an MoU between India and Armenia for cooperation
on youth matters. The MoU was signed in April, 2017. This MoU shall remain in
force for a period of five years. The objective of the MoU is to strengthen and
encourage cooperation between the two countries on youth matters through
participation in events and activities organized by the parties etc.
Online sale of cattle
The
Telangana government launched a website to facilitate the buying and selling of
cattle online. The state said that the website – pashubazar.telangana.gov.in –
would save the farmers transportation costs, as they need not keep taking them
to markets. Each registration on the website will only be valid for 30 days,
following which it will be removed automatically.
Google ranked as the most valuable brand
Google
has topped the 2017 BrandZ Top 100 Most Valuable Global Brands list, with a
brand value of over $245 billion. Further, US tech giants Apple, Microsoft, and
Facebook were also among the five most valuable brands. Amazon rose three
places after achieving the highest dollar value growth, increasing by $40.3
billion to $139.3 billion.
CSO to change GDP base year to 2017-18
The
Statistics Ministry is set to change the base year of national accounts to
2017-18 from 2011-12 after completion of the household consumer expenditure
survey and labour force data by the end of 2018. Earlier in 2015, the Central
Statistics Office changed the base year for tabulating the Gross Domestic
Product or size of economy to 2011-12 from 2004-05. The WPI has been changed to
2011-12
Book on Atal Bihari Vajpayee unveiled
Former
Uttarakhand chief minister Ramesh Pokhriyal has unveiled ‘Yug Purush, Bharat
Ratna, Atal ji’ which chronicles the life of former Prime Minister Atal Bihari
Vajpayee. The book was presented to President Pranab Mukherjee. The book is 450
pages long and will be launched soon.
DRDO Successfully Test-fires Nag Missile
The
Defence Research and Development Organisation has successfully test fired
anti-tank ‘Nag’ missile in Rajasthan. The missile is one of the five missile
systems developed by the Defence Research and Development Organization under
the integrated guided missile development programme. The Nag missile is a third
generation anti-tank guided missile which works on “fire and forget” principle.
India’s first canal top solar PV system
NTPC has
energised 150 kWp canal top solar PV System on cooling water channel inside
power station premises at its 2,320 MW, Mouda Thermal Power Project, near
Nagpur. This novel Solar PV system makes use of side walls of CW channels as
load bearing structure thereby significantly decreasing cost of civil and
mounting structure. It also helps in conserving land and water.
AUSINDEX-17 Bilateral Maritime Exercise
Indian
warships have reached Australia’s port city of Freemantle to take part in a
week-long naval exercise off the Western Australian coast. Exercise
Australia-India (AUSINDEX) was first conducted off the East Coast of India in September
2015. The exercise exercise aims to enhance interoperability and professional
interaction between two navies. The exercise will be held from June 17-19.
Subsidy on short-term crop loans
Farmers
will continue to get short-term loan of up to Rs 3 lakh at a subsidised
interest rate of 7%, & prompt repayers will get it at 4% as the government
extended the subsidy to banks for 2017-18. Under the scheme, a subvention of 2%
per annum is provided for short-term crop loan of up to Rs 300000 per farmer. For
2017-18, the target of agriculture credit has been raised to Rs 10 lakh crore.
Sand scheme after Sonia Gandhi
Puducherry
government plans to offer cement at subsidised rates to low and middle
income people, and name the scheme after Congress President Sonia Gandhi. Since
puducherry does not have industries manufacturing cement, so it will be
procured from outside and sold at subsidised price. Due to shortage of sand in
Puducherry people have to depend on Tamil Nadu for sand.
Anti-dumping duty on items from China
India
has imposed anti-dumping duty on import of ceramic table and kitchenware items
from China. It has been imposed to protect domestic industry against goods
being sold at below normal value. Duty of $1.04 per kg have been imposed on
import of ceramic tableware and kitchenware, excluding knives and toilet items.
Duty imposed shall be levied for a period not exceeding 6 months.
Ola raises $50 mn
OLA has
raised about $50 million hedge fund Tekne Capital Management LLC, as part of
the company’s ongoing funding round. It will push Ola’s valuation to about
$3.65 billion from $3.5 billion in February. Last month OLA had raised Rs 670
crore in a fresh round of funding from Ratan Tata’s venture fund RNT Capital
Advisers LLP and US hedge fund Falcon Edge Capital LP.
Sikkim signs MoU with British Council
HRD department
of Sikkim govt has signed an MoU with British Council to enhance quality
of education in the state. MoU will improve educational structure of the
schools and will revolutionise Sikkim’s education. It aims is to support
aspirations of young people through collaborative projects in area of English,
education & skills by strengthening capacity of teachers and other
professionals.
NASA honours Michael A’Hearn
NASA has
posthumously awarded Exceptional Public Service Medal to Michael A’Hearn, one
of the world’s leading comet scientists. The Medal is for fundamental work on
comets and small bodies of solar system, leadership in space missions, and
ensuring public access to data from NASA missions and related projects. He was
widely known as the principal investigator of NASA’s Deep Impact mission.
Option trading in commodity futures
Market
regulator Securities and Exchange Board of India has allowed option trading in
commodity futures for deepening the market. SEBI has permitted each exchange to
launch these contracts for only one product initially. Options could be
launched on futures contract of only those commodities that are among the top
five in terms of total trading turnover value of previous 12 months.
World Blood Donor Day
Every
year on 14 June, countries around the world celebrate World Blood Donor Day. It
is observed to raise awareness of the need for safe blood and blood products
and to thank blood donors for their life-saving gifts of blood. It is one of
eight official global public health campaigns marked by World Health
Organization. The theme for 2017 is Give Blood. Give Now. Give Often.
IDBI to get ‘high’ rating
According
to Code Compliance Rating of banks done by BCSBI only one out of 26 public
sector banks got ‘high’ rating for their adherence to code compliance. IDBI
Bank was the only public sector bank that got ‘high rating in two successive
surveys. Code compliance rating is based on 5 parameters – Information
dissemination, transparency, grievance redressal, customer-centricity and
feedback.
Virat Kohli tops ICC ODI rankings
Virat
Kohli reclaimed the top spot in the latest ICC ODI rankings for batsmen
following the conclusion of the last round of league matches in the Champions Trophy.
Kohli had entered the tournament 22 points behind number-one ranked AB de
Villiers of South Africa, who had been No.1 and 19 points behind Australia’s
David Warner. Fast bowler Bhuvneshwar Kumar is ranked 23rd, Umesh Yadav 41st.
Forbes list of highest paid celebrities
Forbes
released its list of the world’s 100 highest-paid entertainers of the past 12
months, and author J.K. Rowling was third, earning $95 million last year. First
on the list is musician Diddy, who really is all about the Benjamins, as his
1997 single proclaimed. Diddy earned $130 million. Singer Beyonce is No. 2 with
$105 million. Shah Rukh Khan is ranked 65th with $38 million.
15th June 2017
India to co-partner in ANUGA 2017
India
will be the co-partner with Germany to organize the ANUGA food festival which
will be held in Cologne, Germany from October 7-11. The acronym of ANUGA is
Allgemeine Nahrungs- und Genussmittel-Ausstellung or General Food and Non
essential Provisions Exhibition. ANUGA offers an extensive supporting programme
with Lectures, Special exhibition and attractive industry events.
India, S Korea to increase investments
India
and Korea decided to stimulate investments to push infrastructure development
and bilateral trade as they sought to ward off threats of rising protectionism.
Finance Minister Arun Jaitley co-chaired the fifth India-Korea Financial
Dialogue in Seoul with South Korea Deputy Prime Minister and Finance Minister
Kim Dong-yeon. The two also signed agreements to establish $9 billion in credit
NERCPA conference inaugurated
Lok
Sabha Speaker Sumitra Mahajan inaugurates the 16th North East Region
Commonwealth Parliamentary Association (NERCPA) Conference in Imphal. The
conference deliberated on issues related to problems in North East India. It
will be held at the assembly premises here till June 18.
Fin Resolution & Deposit Insurance Bill
The
Union Cabinet has approved the proposal to introduce a Financial Resolution and
Deposit Insurance Bill, 2017. The Bill would provide for a comprehensive
resolution framework for specified financial sector entities to deal with
bankruptcy situation in banks, insurance companies and financial sector
entities. The Bill seeks to reduce time in solving disputes.
Verizon acquires Yahoo
Verizon
has completed its $4.48 billion acquisition of Yahoo’s core internet business
and said that Marissa Mayer is stepping down. The assets, which include Yahoo
Finance, will be combined with AOL brands such as the Huffington Post under a
new subsidiary called Oath. Mayer, Yahoo CEO since July 2012, is expected to
receive a “golden parachute” payment worth more than $23 million.
Pakistan qualify for CT finals 1st time
Pakistan
delivered an inspired all-round performance to rout a ragged England team by
eight wickets in a one-sided Champions Trophy semi-final. It was a major
disappointment for England, who won all three group matches in their bid to
claim a first global 50-over title and had beaten Pakistan in 12 of their last
14 one-day internationals. It may play India or Bangladesh in the finals.
IOC,BPCL &HPCL to build largest refinery
Indian
Oil, Bharat Petroleum and Hindustan Petroleum has have signed the joint venture
agreement to jointly set up the world’s largest refinery and petrochemical
complex in Ratnagiri district of Maharashtra. Indian Oil Corp will hold 50%
stake and the rest between the two companies. The complex will have a 60
million tonnes refining capacity.
First Indian Women for ITLOS elected
Neeru
Chadha has been elected to the International Tribunal for the Law of the Seas. ITLOS
comprises of 21 independent members who are elected based upon their reputation
for being a person with integrity. The person should also have necessary
competence in the field of the law of the sea. ITLOS was established on
December 10, 1982 and is headquartered in Hamburg, Germany.
Chhetri becomes 4th best active scorer
Sunil
Chhetri became the fourth best active international scorer in the world,
surpassing England’s Wayne Rooney with his 54th international goal. Chhetri’s
goal helped India beat Kyrgyz Republic in the AFC Asian Cup qualifier. Notably,
Chhetri’s goals per match ratio of 0.57 is better than Portugal captain
Cristiano Ronaldo and Argentina captain Lionel Messi.
India Tops Remittance Destinations
India
has become the biggest remittance economy in the world, surpassing China. A new
United Nations report says that Indians working across the globe have sent
$62.7 billion in 2016 to make India the top remittance destination in the
world. The study was conducted by the UN International Fund for
Agricultural Development titled “One Family at a Time”.
RBI restricts Central Bank of India
The
RBI has placed Central Bank of India under prompt corrective action which
puts restricts on banking activities such as from lending, hiring and expanding
branches. The RBI has said that the PCA has been triggered in view of negative
return on assets and high ratio of bad loans. The PCA was initiated since it
reported losses for two years and had negative return on assets.
Kajal Singh is Executive V-P of GSTN
Kajal
Singh was appointed as Executive Vice-President (Services) in Goods and
Services Tax Network. Singh, a 1992 batch officer of Indian Revenue Service
(Customs and Central Excise), has been appointed to the post for a period of
three years. The GSTN is a special purpose vehicle set up to provide
Information Technology infrastructure for implementation of the GST.
India appoints new envoys
India
has announced a number of new diplomatic appointments in its missions abroad,
including envoys to the European Union, Italy and Denmark. Gaitri Issar Kumar
was named as India’s Ambassador to Belgium and the European Union. Reenat
Sandhu was named as India’s new Ambassador to Italy and Ajit Vinayak
Gupte has been named India’s Ambassador to Denmark.
Haryana village to be named after Trump
Sulabh
International founder and chief Bindeshwar Pathak has announced that an open
defecation-free village in Mewat will be named after the US President Donald
Trump. Sulabh believes the move will help draw the attention of the world
towards India’s cleanliness campaign. The organisation is currently working in
some villages of Mewat to make them ODF, one of which will be named after
Trump.
David Grossman wins Man Booker Prize
Israeli
author David Grossman has won the Man Booker International Prize for his novel
A Horse Walks Into a Bar. He has become the first Israeli writer to
receive this prestigious award. The novel is focused entirely on the act
of comedian Dovaleh Greenstein. The award has a prize of 50,000 pounds
($64,000) that is split evenly between Mr. Grossman and translator Jessica
Cohen.
Ramanan to head Atal Mission under NITI
Govt.
has appointed a senior executive of TCS to head Atal Innovation Mission. Ramanathan
Ramanan, senior vice president at TCS, has been appointed as mission director
of Atal Innovation Mission, under NITI Aayog, in the rank of additional
secretary. His appointment will be “without pay and allowances. Atal Innovation
mission aims to promote a culture of innovation and entrepreneurship.
Yes Bank partners with TerraPay
TerraPay
has partnered with Yes Bank in a Rupee Drawing Arrangement which enables
TerraPay’s network partners to make instant cross-border money transfer to bank
accounts in India. Indians worldwide can walk into TerraPay’s partner outlet
and send money to their family back home, instantly in their bank account. This
24×7 service is backed by Yes Bank’s API Banking platform.
Emkay and DBS ink pact
Emkay
Global Financial Services has entered into a exclusive pact with DBS Bank arm
DBS Vickers Securities. Agreement involves sharing of knowledge, co-branding of
research and its distribution to the global clients of DBS Vickers. It will
augment the capabilities of DBS Vickers in servicing its clients in the
emerging markets better, by empowering them with insightful India equity
research.
North Korea releases American citizen
North
Korea has released American citizen Otto Frederick Warmbier on
humanitarian grounds. He was detained in January last year and sentenced to 15
years of hard labor for trying to steal an item with a propaganda slogan. He
has landed back in the United States after more than 17 months in detention in
North Korea. According to his parents Warmbier has been in a coma for over a
year.
Mega LED screens for Champions Trophy
Sports
Minister Vijay Goel has inaugurated Mega LED screens at Major Dhyanchand
National Stadium, New Delhi for free public viewing of ICC Champions Trophy
matches. It has been done to utilize free space in the stadium. Sports ministry
is also considering to install mega screens on permanent basis. The idea is to
initiate sports culture among public and optimum utilization of the stadiums.
16th June 2017
Nalanda University signs MoU
A
Memorandum of Understanding was signed between Nalanda University and Academy
of South Korean Studies in Patna for academic linkages and collaborations. The
two universities agreed to enhance their bilateral ties through joint research
programmes, faculty and student exchange etc. The MoU will be in effect for
five years.
2D magnet created
Researchers
at the University of Washington and the Massachusetts Institute of Technology
have created a 2D magnet that is just one atom thick for the very first time. This
breakthrough could radically alter the way we use magnetic materials. The
scientists used chromium tri-iodide, or CrI3 to show that it has magnetic
properties in its monolayer form. The research was published in Nature.
New counter-terrorism office approved
The
United Nations General Assembly has approved the establishment of a new United
Nations office of counter-terrorism to help Member States implement UN’s global
counter-terrorism strategy. With the creation of the new office the UN will
transfer the relevant functions out of the UN Department of Political Affairs
into the new body. The new Under-Secretary-General would Chair the Task Force
Justice PN Bhagwati passes away
Former
Chief Justice of India Prafullachandra Natwarlal Bhagwati who is considered as
a pioneer of Judicial Activism has passed away. He introduced the concepts of
Public Interest Litigation and absolute liability to the Indian judicial
system. Justice PN Bhagwati served as the 17th Chief Justice of India from July
1985 to December 1986.
Free education to transgenders in TN
The
Tamil Nadu Government has announced free education for the transgender
community in all the colleges of state’s Manonmaniam Sundaranar University. The
decision will be implemented from this academic year. One seat in every course
of all the colleges affiliated to the university has been reserved for the
transgenders.
US to conduct naval drill in Qatar
Two US
Navy vessels arrived in Doha to take part in a joint military exercise with the
Qatari Emiri Navy. Notably, Qatar hosts the biggest US military base in the
Middle East with more than 11,000 troops deployed or assigned to Al-Udeid Air
Base. Qatar has also signed a agreement to purchase F-15 fighter jets from
the US with an initial cost of $12 billion.
Virat Kohli scores the fastest 8000 runs
Virat
Kohli has become the quickest batsman to score 8000 runs in one-day
international cricket, beating AB de Villiers’ mark in seven fewer innings. Kohli
crossed the 8000-run mark in his 175th innings, during the course of his
unbeaten 96 off 78 deliveries against Bangladesh on June 15. AB de
Villiers needed 182 innings to get to 8000 runs in August 2015.
RIL-BP to invest $6 bn in new gas fields
Reliance
Industries and its partner BP plc announced an investment of $6 billion in
developing new gas fields in the KG-D6 block after an eight-year hiatus. RIL
chairman Mukesh Ambani said two firms have also agreed on a strategic
cooperation on new opportunities for conventional and unconventional fuel
trading It will also work for developing solar energy projects.
Real Madrid-Barcelona Legends game in WB
Kolkata
will host an exhibition match between Real Madrid Legends and Barcelona Legends
on September 15. The match, the venue for which is yet to be decided, will be a
tribute to Barcelona legend Johan Cruyff. Former Real Madrid players Fernando
Morientes and Michel Salgado have confirmed their participation, while Koke
Contreras and Ivan Perez are also likely to feature
Controversial anti-terror law passed
Japan
passed a controversial anti-terror law that sparked street protests and warnings
from critics that it would stomp on citizens’ privacy rights and lead to
over-the-top police surveillance. The government argues it is necessary to
prevent terrorism ahead of the 2020 Olympics. The legislation would criminalise
plotting and preparing to commit 277 “serious crimes”.
IIT Kharagpur develops wearable tech
A team
of experts at the Indian Institute of Technology – Kharagpur has fashioned a
hybrid material based on silk protein called silk fibroin. This novel material
has the potential to spawn prototype textile-based smart electronic devices for
soldiers and defence personnel as well as for biomedical applications. The USP
of the material is that it is flexible, streachable etc.
MoneyTap raises Rs. 80 crore
MoneyTap,
a lending app, has raised $12.3 million (about Rs. 80 crore) in a round led by
Sequoia Capital India Advisors to expand its consumer credit line. MoneyTap was
founded in September 2015 by Bala Parthasarathy, former managing partner and
founder of Prime Venture Partners, a Bengaluru-based seed fund. Through the app
working professionals can avail instant loans.
Mira Nair wins Directors Award
Indian-American
filmmaker Mira Nair won the Dorothy Arzner Directors Award for the film Queen
of Katwe at this year’s Women In Film Crystal + Lucy Awards. Queen of Katwe’s
lead actress Lupita Nyong’o presented the award. Further, Elizabeth Banks won
the Crystal Award for Excellence in Film and Tracee Ellis Ross won the Lucy
Award for Excellence in Television.
Yeshe Dorjee Thongshi awarded
The Bhupen
Hazarika National Award, 2017 has been conferred upon the noted writer Yeshe
Dorjee Thongshi. The award has been instituted by Sarhad, a Maharashtra-based
organisation.The award honours an outstanding literary work at national and
international level. Yeshe Dorjee Thongshi belongs to the West Kameng district
of Arunachal Pradesh.
India to consume 11GB data by 2022
Fuelled
by fast smartphone adoption, changing users’ behaviour and disruptive pricing
strategies, the data traffic per smartphone user in India will reach 11GB per
month by 2022. According to the “Ericsson Mobility Report 2017”, the total
mobile data traffic in India is expected to grow at a compound annual growth
rate of around 40%. VoLTE subscriptions are projected to reach 4.6 billion.
India climbs global innovation charts
India
continued to rise in the Global Innovation Index rankings for the second year
in succession. In this year’s rankings released in Geneva, India improved its
position from 66 to 60. Last year, it had improved from 81 to 66. The GII was
first developed 10 years ago by the business school INSEAD in Paris as a way of
benchmarking countries and their innovative capacities.
Health Ministry launches IDCF
The
Ministry of Health and Family Welfare has launched the Intensified Diarrhea
Control Fortnight (IDCF) in order to intensify efforts to reduce child deaths
due to diarrhoea. Through this initiative, the Ministry will mobilize all
stakeholders to prioritize investment in control of diarrhea. It aims to create
mass awareness about the most effective and low-cost diarrhoea treatment.
AIIB grants $150 Mn loan to India
Asian
Infrastructure Investment Bank has approved $150 million equity investment loan
to the India Infrastructure Fund, the bank’s first such loan to fund private
projects. The Board of Directors of the Asian Infrastructure Investment Bank
who met in Jeju in South Korea has approved the loan. The Infrastructure Fund
aims to invest in mid-cap infrastructure companies in India.
Telescope launched to study black holes
China
successfully launched its first X-ray space telescope to study black holes,
pulsars and gamma-ray bursts. A Long March-4B rocket carried the 2.5-tonne
telescope into orbit from the Jiuquan Satellite Launch Center in northwest
China’s Gobi Desert. The Hard X-ray Modulation Telescope, named Insight, will
allow scientists to observe magnetic fields and the interiors of pulsars.
$500 million approved for Afghanistan
The
World Bank approved financing worth more than $500 million for Afghanistan to
support a string of programs to boost the economy and help improve services in
five provincial capitals. The largest chunk of the package, some $205.4
million, will go toward supporting communities affected by refugees returning
from Pakistan. The rest will go to building hospitals, schools etc.
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