IBT Institute


Language :

Current Affairs 12 July, 2019

1. Kalyani JV gets missile kits order
  • A joint venture of a Kalyani group firm and Israel's Rafael Advanced Systems has secured a $100 million contract for manufacturing 1,000 Barak-8 MRSAM missile kits.
  • Kalyani Rafael Advanced Systems will manufacture the kits at its production facility near Hyderabad and supply them to Bharat Dynamics for further integration.
  • The product will be used by the Indian Army and the Air Force.
Foot Notes:
About Israel
  1. President: Reuven Rivlin
  2. Capital: Jerusalem
  3. Currency: Israeli new shekel
  4. Prime minister: Benjamin Netanyahu: Jerusalem
2. Rajghat coal plant to be turned into solar park
  • The Delhi government has announced that the Rajghat thermal power plant will be officially shut and turned into a solar park. A 5,000 KW of solar power will be produced at the 45 acre plant site.
  • The coal-based plant, whose current units were commissioned in 1989, has been lying in a shutdown mode from 2014.
Foot Notes:
About New Delhi
  1. Chief Minister of Delhi: Arvind Kejriwal
  2. Lieutenant Governor of Delhi: Anil Baijal.
3. USISPF second annual leadership summit held in Washington
  • The US India Strategic and Partnership Forum 2nd annual leadership summit held in Washington. "US India Bilateral Trade Report" was released on the occasion.
  • Some findings of the report are:
  • US India bilateral trade could reach USD 238 billion by 2025.
  • Sectors such as defence trade, commercial aircrafts, oil and LNG, coal, machinery and electronics are areas of potential growth.
  • The US-India trade balance has grown 3.8 per cent on an average in favour of India.
Foot Notes:
About USA
  1. President of United States: Donald Trump
  2. Capital: Washington, DC.
4. WCD implements a Scheme for Women in Difficult Circumstances called "Swadhar Greh"
  • The Ministry of Women and Child Development(WCD), Government of India implementing the Swadhar Greh Scheme for the rehabilitation of women in difficult circumstances so that they could lead their life with dignity.Swadhar Greh.
  • Support: It envisages providing shelter, food, clothing, and health as well as economic and social security for the women who are deserted and without any social and economic support, victims of domestic violence, family tension, and natural disaster.
  • Helpline: The ministry also implementing Universalisation of Women Helpline Scheme to provide 24 hours emergency and non-emergency response to women affected by violence.
  • OSC: As a part of Nirbhaya Framework, One Stop Centres(OSC) has been established for violence affected women across the country with the help of States/UTs (Union territory).
  • Facilities: OSC formed under One Stop Centre Scheme provides legal and psycho-social counseling andamp;other facilities include temporary shelter, police facilitation and medical support to the women affected by violence.
Foot Notes:
About WCD
  1. Founded: 30 January 2006
  2. Headquarters: New Delhi
  3. Union Minister: Smriti Irani
5. Chandigarh best performing state in the field of education in the Performance Grading Index 2017-18
  • Ministry of Human Resource Development (HRD) informed that in the Performance Grading Index 2017-18, Chandigarh was ranked best among States and Union territories (UTs) in the field of education.
  • The Index ranked the states on the basis of 5 parameters including learning outcomes and quality, access, infrastructure and facilities, equity and governance process. 36 States/ UTs were ranked in the Index.
Foot Notes:
About Other Ranking
  1. Other Rankings: Kerala was ranked second followed by Gujarat (3), Haryana (4), Tamil Nadu (5), Punjab (7), Rajasthan (8), Delhi(9).
  2. Least Rankings: Arunachal Pradesh (36), Nagaland (35) and Meghalaya (34) were the least performing states.
  3. Literacy: Kerala had the highest literacy rate followed by Lakshadweep and Mizoram.
6. Tamil Nadu to be the first state to manufacture electric cars: Minister
  • M C Sampath, minister for industries stated that South Korean multinational automotive manufacturer Hyundai plans to launch its electric car for India and the global market from Chennai facility will help make Tamil Nadu the first state in India to manufacture electric cars.Tamil Nadu to be the first state to manufacture electric cars
  • Key points:
  • Motive: The Tamil Nadu (TN)State Government aims to attract the multinational companies that are moving out of China after the US(United States)-China trade dispute.
  • Investment: Tamil Nadu ranks 3rd in capital investment in the industrial sector with Rs 4.02 lakh crore, after Gujarat (Rs 8.14 lakh crore) and Maharashtra (Rs 5.02 lakh crore).
  • Industrial o/p: The state which has 37,220 factories (the most in India followed by Maharashtra (27,010 units) and Gujarat (25,966 units)) also ranks 3rd in total industrial output(o/p), with Rs 7.66 lakh crore, after Gujarat (Rs 12.22 lakh crore) and Maharashtra (Rs 10.74 lakh crore).
  • Workforce: TN has a high number of persons engaged in the factory at 24.08 lakh persons which are 25%higher than the next state Maharashtra.
  • Eco-friendly initiative: The TN Industries Development Corporation (TIDCO is selecting a consultant for preparing a report on developing a greenfield airport near Chennai.
  • Defence: The state also aims to attract Rs 10,000 crore in the defence sector for five years.
Foot Notes:
About Tamil Nadu
  1. Capital: Chennai
  2. Chief minister: Edappadi K. Palaniswami
  3. Governor: Banwarilal Purohit
  4. National Parks: Guindy National Park,Gulf of Mannar Marine National Park, Indira Gandhi (Annamalai) National Park, Mudumalai National Park,Mukurthi National Park
7. Exim Bank signs Loan Pact worth $124 Mn For Infra, Health Projects In Papua New Guinea, Senegal
  • The Export-Import Bank of India (Exim Bank) has signed a loan agreement of providing $124 million (over Rs 850 crore) to Papua New Guinea and Senegal governments to finance infrastructure and health care projects.
  • Exim bank has extended Line of Credit(LoC) of USD 100 million to the Government of Independent State of Papua New Guinea for the purpose of financing infrastructure related projects($60 million is to go for Bayer-Madang road project and $40 million for Hoskins-Kimbe road project).
  • Exim Bank has also extended Line of Credit of $24.50 million to the Government of the Republic of Senegal for the purpose of financing up-gradation and rehabilitation of Health Care System.
Foot Notes:
About Exim Bank:
  1. Headquarters: Mumbai
  2. CEO: David Rasquinha
  3. Founded: 1 January 1982
About Papua New Guinea
  1. Capital: Port Moresby
  2. Currency: Papua New Guinean Kina
  3. Prime minister: James Marape
About Senegal
  1. Capital: Dakar
  2. Currencies: CFA franc, West African CFA franc
  3. President: Macky Sall
8. France became the first country to pass GAFA tax on digital giants
  • France became the first country to pass GAFA (Google, Apple, Facebook, Amazon) Tax on digital giants in defiance of a probe ordered by the United States (US) President Donald Trump.france-gafaKey Points:
  • It will levy a 3% tax on total annual revenues of the largest tech firms providing services to French consumers.
  • It will help to plug taxation gaps.
Foot Notes:
About France
  1. Capital: Paris
  2. Currency: Euro
  3. President: Emmanuel Macron
9. Indian Army places an order for procuring Israeli anti-tank Spike missiles
  • Indian Army has placed an order for procuring anti-tank Spike missiles from Israel under emergency purchases powers to meet operational preparedness. The deal was approved by Army in April 2019 after emergency purchase powers granted to three armed forces after February 14, 2019, Pulwama terror attack in which 40 CRPF personnel were killed followed by Balakot airstrike.
  • Anti-tank Spike missiles: It is designed and developed by Israeli company Rafael Advanced Defense Systems. It can be fired from different platforms -vehicles, helicopters, ships and ground launchers.
  • Speciality: It is known for its precision targeting with an ability to pierce even bunkers. It can hits targets at a range of four kilometers and can be deployed in both mountains and plains. It can be deployed even along the Line of Control (LoC).
  • Power: Under the emergency provision, the forces can make procurement up to Rs 300 crore.
Foot Notes
About Israel:
  • Capital: Jerusalem
  • Currency: Israeli new shekel
  • Prime minister: Benjamin Netanyahu
  • President: Reuven Rivlin
10. The Brazilian singer and composer Joao Gilberto, one of the pioneers of bossa nova passed away
  • Joao Gilberto, a Brazilian singer, guitarist, and songwriter andamp;considered one of the fathers of the bossa nova passed away after battling with health issues. He was 88.Joao GilbertoKey points:
  • He was born on 10 June 1931 in Bahia, Brazil. He won two Grammy awards and was nominated for six.
  • In 2009, The U.S. jazz magazine DownBeat named him one of the 75 great guitarists in history and one of the five top jazz singers.
  • In 1959, he released the record Chega de Saudade which marked the beginning of the world-famous bossa nova music style.His last live performance was in 2008.

Continue reading >

Current Affairs 11 July, 2019

1. India - ASEAN Troika Trade Ministers' Meeting held in New Delhi

  • India - Association of Southeast Asian Nations (ASEAN) Troika Trade Ministers' Meeting was held in New Delhi for informal consultation on the ongoing Regional Comprehensive Economic Partnership (RCEP). Union Minister of Commerce andamp; Industry and Railways, Piyush Goyal, Acting Minister of Commerce of Thailand, Ms. Chutima Bunyapraphasara, Minister of Trade of Indonesia, Enggartiasto Lukita, Secretary General, ASEAN, Lim Jock Hoi and Trade Negotiating Committee (TNC) Chair of RCEP, Iman Pambagyo attended the meeting.
  • India emphasized on adherence to the RCEP guiding principles in order to balance high ambition on goods tariff reduction with addressing of sensitives in bilateral pairings between India and China through temporary and permanent deviations/ exclusions.
  • China had demanded that India should eliminate duties on more than 90% of the items from the country, as it is willing to do in case of the ASEAN, Japan and South Korea. But India has tentatively offered to eliminate duties on 74% of items from China as part of the RCEP deal. It also highlighted to stress on possible mechanism to address persistent and wide imbalances in trade.

Foot Notes:
About RCEP

  1. Headquarters: London, UK
  2. Founded: 20 November 2012
  3. Members: 10 Asean group members - Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam and 6 FTA (Free Trade Partners) partners - India, China, Japan, South Korea, Australia and New Zealand.

2. Samsung join hands with Paisabazaar.com to offer financial products

  • South Korean multinational conglomerate, Samsung partners with Paisabazaar.com, India's largest online marketplace to offer financial products.Samsung join hands with PaisabazaarKey points:
  • Paisabazaar.com will now supports Samsung Pay users by providing a one-stop solution to their financial requirements.
  • Samsung Pay users can apply for credit cards and personal loans from the platform by using this facility.The loan approval feature in Paisabazaar will be extremely fast and seamless for the benefit of customers.
Foot Notes:
About Samsung:
  1. Founder: Lee Byung-Chul
  2. Founded: 1 March 1938
  3. Headquarters: Seoul, South Korea
About Paisabazaar
  1. Headquarters: Gurugram
  2. Founders: Yashish Dahiya, Naveen Kukreja
  3. Founded: 15 December 2011
3. Prasar Bharati signs MoU with IIT Kanpur for research collaboration
  • India's largest public broadcasting agency, Prasar Bharati has signed an MoU(Memorandum of Understanding) with IIT,Kanpur(Indian Institute of Technology) for research collaboration in newly emerging technologies and broadcasting-related areas in New Delhi.
  • This will help in boosting research activities in the broadcasting field.
  • The areas of cooperation would be Direct to mobile broadcasting, Convergence of 5G, Artificial Intelligence(AI), Incubation Centre and internship for students of IIT, Kanpur at Prasar Bharati .
Foot Notes:
About Prasar Bharati:
  1. Headquarters: New Delhi
  2. CEO: Shashi Shekhar Vempati
  3. Founded: 23 November 1997
  4. Chairman : Dr. A. Surya Prakash
4. World Population Day 2019 observed on July 11
  • World Population Day was observed on July 11, 2019. It creates awareness on the growing population issues. Population issue may be family planning, gender equality, child marriage, human rights, right to health, baby's health etc.World Population Day 2019Key Points: It was established by the United Nations Development Programme (UNDP) in 1989.
  • It was inspired by public interest in Five Billion Day celebrated on July 11, 1987. It was on this date, the world's population reached five billion people.
  • 2019 World Population Day calls for global attention of the 1994 International Conference on Population and Development (ICPD).
  • China is the most populous country in the world followed by India.India's 35% population is living in 3 states- Bihar, Uttar Pradesh and Maharashtra.
  • According to data provided by the Pew Research Center, India will try to accommodate 1450 million people in the year 2100 and will also surpass China.
Foot Notes:
About UNDP:
  1. Headquarters: New York City, US
  2. Founded: 22 November 1965
  3. Administrator: Achim Steiner
5. Haryana launched a 'Meri Fasal Mera Byora' portal for farmers.
  • The Chief Minister of Haryana Government Manohar Lal Khattar has launched online portal named "Meri Fasal Mera Byora" (https://www.fasalhry.in/ )for farmers to directly avail crop related benefits of state government schemes after self -reporting their land and crop-related details. The farmers who will register on the portal required to upload information like the name of crop sown, area under cultivation, cropping month, bank account number and mobile number at Common Service Centres (CSCs) or Atal Seva Kendras (ASK) or with the help of VLEs (Village Level Entrepreneurs )by end of July.
  • Each farmer, who registered on the portal get a financial incentive of Rs 10 per acre or part thereof subject to a minimum of Rs 20 to maximum Rs 50. It will enable farmers to avail the subsidy on agriculture implements easily andamp; make damage assessment during natural calamities and disbursal of relief in cases of crop damage easier and other financial assistance under different schemes.
  • The state government will get the accurate data of area and name of crop cultivated in various parts of the state and it is a step forward towards Prime Minister Narendra Modi's vision of doubling the farmer's income by 2022.
Foot Notes:
About Haryana
  1. Capital: Chandigarh
  2. Governor: Satyadev Narayan Arya
  3. Chief minister: Manohar Lal Khattar
6. UP has highest number of senior citizens with more than one crore 54 lakh
  • Rattan Lal Kataria ,the Minister of State for Social Justice and Empowerment stated that Uttar Pradesh(UP) has highest number of senior citizens with more than one crore 54 lakh followed by Maharashtra with one crore 11 lakh.Totally the country has over 10.38 crore senior citizens.
  • Schemes: For the betterment of senior citizens, the centre has launched various schemes to lead a socially secured life. And since 2017,the ministry has launched Rashtriya Vayoshri Yojana for senior citizens belonging to BPL (Below Poverty Line)category, who are suffering from age-related disabilities.
Foot Notes:
About Rashtriya Vayoshri Yojana:
  1. The Scheme aims at providing physical aids and assisted-living devices for senior citizens(who are aged above 60 years) belonging to Below Poverty Line (BPL) category.
About Uttar Pradesh
  1. Capital: Lucknow
  2. Governor: Ram Naik
  3. Chief Minister: Yogi Adityanath
  4. Wildlife sanctuaries: Bakhira WLS,Chandraprabha WLS ,Dr. Bhimrao Ambedkar Bird WLS,Hastinapur WLS Uttar, Kaimur WLS, Katerniaghat WL

7. "Operation Thirst" launched by RPF

  • RPF launched "Operation Thirst" to crack down selling of unauthorised Packaged Drinking Water in the railway premises.
  • During the operation, 1371 persons were arrested for selling of packaged drinking water of unauthorised brands.

Foot Notes:

  • Union Minister for Railways: Piyush Goyal.

8. Ukraine inaugurates world's largest Metal Dome

  • Ukraine has inaugurated the world's largest movable metal dome encasing the destroyed reactor at the infamous Chernobyl plant.
  • It is a 108-meter high dome which weighs 36,000 tonnes.

Foot Notes:
About Ukrain

  1. Capital of Ukraine: Kyiv
  2. Currency of Ukraine: Ukrainian Hryvnia

9. RBI panel moots changes in timings for foreign exchange market

  • Internal committee of the RBI has suggested that the foreign exchange market could function from 9 am to 9 pm. At present, the currency market works from 9 am to 5 pm. The panel suggested call money market timings could be extended till 6 pm instead of the 5 pm now.
  • The extension of market timings is expected to provide benefits such as better pricing of post market hours information/data, improved onshore price discovery and a possible shift of offshore volumes to onshore.

Foot Notes:
About RBI

  1. RBI 25th Governor: Shaktikant Das
  2. Headquarters: Mumbai
  3. Founded: 1 April 1935, Kolkata.

10. Gold medals for India in Commonwealth Championships

  • Rakhi Halder and Davinder Kaur has won a gold medal each in the senior women's section of weightlifting in the Commonwealth Championships.
  • Davinder Kaur has won the gold medal in women's 59kg event. While Rakhi Halder has won the gold medal in the 64kg category. The Championship is taking place in Apia, Samoa.

Continue reading >

Current Affairs 10 July, 2019

1. India's first elephant rehabilitation centre will be set up at Kerala's Kottoor

  • India's first elephant rehabilitation centre will be set up by the Kerala State Government in its ecotourism village of Kottoor.Rs.105 crore has been allotted to this project which was launched by Chief Minister of Kerala, Pinarayi Vijayan.Kerala's Kottoor

  • At present, the center has only 15 elephants and it will be increased once work has been completed.The centre will have an elephant museum, mahout training centre, super-specialty hospital, a retirement home and crematorium for the animals, will house orphaned, injured and older elephants.

  • Now the state has 507 captive elephants andamp; forest department plans to admit more captive elephants.The centre will be set up with 65 hectares of natural forests area will have elephant safari and other activities to attract tourists.

Foot Notes:
About Kerala:

  1. Capital: Thiruvananthapuram

  2. Governor :P. Sathasivam

  3. National Parks: Eravikulam National Park, Silent Valley National Park, Pampadum Shola National Park, Mathikettan Shola National Park, Anamudi Shola National Park.

2. Saudi Arabia adopts Digital India andamp;'equality of women' motto for Haj 2019

  • Indian Haj mission in Saudi Arabia adopts Digital India and 'equality of women' motto for the empowerment of Muslim women pilgrims andamp; to reach out to a large number of pilgrims as part of the Government of India's initiative of Digital India.

  • Indian Haj Information SystemKey points:App for Grievance redressal: An App called " Indian Haj Information System" has been introduced to receive grievances and feedback from Hajis to improve the service.

  • It also connects the pilgrims with Qadimul Hajjaj (Haj service coordinators, who were deployed to assist pilgrims during the Haj), of their respective States.

Foot Notes:
About Saudi Arabia:

  1. Capital: Riyadh

  2. Currency: Saudi Riyal

  3. King: Salman

  4. Crown Prince: Mohammad Bin Salman

3. Beryllium-7,new method has been identified for predicting monsoon.

  • Lucrezia Terzi, a researcher at the Belgian Nuclear Research Centre (SCKCEN), has come up with a new way of predicting the monsoon at a science and technology conference organised in Vienna by the Comprehensive Nuclear-Test-Ban Treaty Organisation (CTBTO).

  • The new method measures how much Beryllium-7 (an isotope of the element Beryllium) is present in the air. The Be-7 is chosen because it is created only in the stratosphere, when cosmic rays hit and break the nuclei of nitrogen and oxygen.

  • Due to the sun warming the oceans differently at different latitudes, and the spin of the earth, water-bearing air moves up and down in circular fashions, which is the basic cause of the monsoons. When air flows down from the stratosphere (upwards of 33,000 feet from the earth's surface), it brings with it some Be-7. That makes the strong connection between the amount of Be-7 and the timing of monsoons.

4. Russia successfully launched its Soyuz-2.1a carrier rocket with 33 satellites

  • On July 5, 2019, The Russian space agency Roscosmos has successfully launched its Soyuz-2.1a carrier rocket with a hydrometeorological satellite and 32 small satellites. It was launched from the Vostochny spaceport in the Far Eastern Amur Region aimed at solving problems of space weather research and monitoring the movement of civil aircraft.Russia successfully launched its Soyuz-2.1aKey points:

  • This was the 5th launch of a spacecraft for civilian purposes and to provide images of clouds, the surface of the Earth, ice and snow covers. It also obtains data on sea surface temperature, the state of the ozone layer as well as level of humidity, which will help to provide accurate meteorological forecasts.

  • The hydrometeorological satellite of Russia, Meteor-M No.2-2 put into a target orbit with a height of about 832 km.The small satellites were developed by Germany, France, the US, Israel, Britain, Sweden, Finland, Thailand, Ecuador, the Czech Republic, and Estonia.

  • This launch will allow accessing the outer space andamp; reducing the dependence of Baikonur Cosmodrome in Kazakhstan.

Foot Notes:
About Russia:

  1. Capital: Moscow

  2. Currency: Russian ruble

  3. President: Vladimir Putin

  4. Prime Minister: Dmitry Medvedev

5. Former Indian football team goalkeeper AU Celestine passed away at the age of 73

  • AU Celestine(Tamil Nadu), Former India football goalkeeper passed away after a brief illness. He was 73.

  • He played for the Tamil Nadu state men's team as a goalkeeper in Senior Nationals in the 1965 and 1969 National Championships and also represented India in the Merdeka Cup in Malaysia in 1969.In 1967, He joined Reserve Bank of India (RBI), Madras.

  • He worked as a talent spotter of All India Football Federation (AIFF) and he trained the underprivileged children in North Madras area in Football and help them with their education. He also served as a coach for the Tamilnadu State Junior, Sub Junior and Women's teams.

Foot Notes:
About Tamil Nadu

  1. Capital: Chennai

  2. Governor: Banwarilal Purohit

  3. Chief Minister : Edappadi K. Palaniswami

6. Madhya Pradesh will soon be able to produce its own seeds

  • The Madhya Pradesh State Cooperative Seed Federation will produce its own seeds in addition with distribution and marketing of certified and high-quality seeds to farmers. The brand name of seeds to be 'Sah-Beej' produced from next Rabi season.

  • The decision was taken in a meeting Board of Directors' held under the chairmanship of Govind Singh, Minister for Cooperatives in Bhopal, Madhya Pradesh.

  • Seed societies in the state linked with seed federation will help in the marketing of seeds.

  • Training will also be given to members of seed societies through agriculture science centres to make them competent and empowered.

Foot Notes:
About Madhya Pradesh

  1. Capital: Bhopal

  2. Chief minister: Kamal Nath

  3. Governor: Anandiben Patel

7. Phase-II DBT in fertilizer subsidy launched

  • Union Minister for Chemicals and Fertilizers launched the Phase-II of the Direct Benefit Transfer of Fertilizer Subsidy.

  • DBT in fertilizer subsidy is a step in the direction of bringing ease of living in the lives of farmers through use of modern technology and plugging leakages, pilferages and black marketing.

Foot Notes:
About Chemicals and Fertilizers

  1. Union Minister for Chemicals and Fertilizers: D.V. Sadananda Gowda.

8. France to impose green tax on plane tickets from 2020

  • France will impose green tax up to ?18 on plane tickets from 2020. The move aims to fund less-polluting transportation projects.

  • A similar tax was introduced in Sweden in April 2018, which imposed an added charge of up to ?40 on every ticket in a bid to lessen the impact of air travel on the climate.

Foot Notes:
About France

  1. President of France: Emmanuel Macron

  2. Capital: Paris

  3. Currency: Euro, CFP Fran

9. Sri Lanka eliminates measles

  • Sri Lanka has become fifth country in the World Health Organisation (WHO) Southeast Asia region to eliminate measles.

  • The other countries in the region which have achieved this feat are Bhutan, Maldives, DPR Korea and Timor-Leste.

Foot Notes:
About Sri Lanka

  1. Capitals of Sri Lanka: Colombo, Sri Jayawardenepura Kotte.

  2. Currency of Sri Lanka: Sri Lankan rupee.

  3. Prime minister: Ranil Wickremesinghe

  4. President: Maithripala Sirisena

10. Lal Bahadur Shastri Statue unveiled by PM

  • The Prime Minister unveiled the statue of former Prime Minister Sh. Lal Bahadur Shastri at the Lal Bahadur Shastri International Airport in Varanasi.

  • It is built by Northern Coalfields, a subsidiary of Coal India.

Foot Notes:
About UP

  1. CM of UP: Yogi Adityanath

  2. Governor of UP: Ram Naik.

Continue reading >

Current Affairs 09 July, 2019

1. RBI Board Finalises 'Utkarsh 2022'

  • The Reserve Bank of India (RBI) board, which met in New Delhi, finalised a three- year roadmap to improve regulation and supervision, among other functions of the central bank. This medium term strategy - named Utkarsh 2022 - is in line with the global central banks' plan to strengthen the regulatory and supervisory mechanism, sources aware of the board meeting.

  • "It is a three-year road map for medium term objective to be achieved for improving regulation, supervision of the central bank," said a source. "Worldwide, all central banks strengthen the regulatory and supervisory mechanism, everybody is formulating a long-term plan and a medium-term plan.

  • So, the RBI has also decided it will formulate a pragramme to outline what is to be achieved in the next three years," the source added.

Foot Notes:
About RBI
  1. RBI 25th Governor: Shaktikant Das

  2. Headquarters: Mumbai

  3. Founded: 1 April 1935, Kolkata.

2. Shailesh Tinaikar assumes charge as Force Commander of UN mission
  • Newly appointed Force Commander of the UN mission in South Sudan, Lieutenant General Shailesh Sadashiv Tinaikar assumed charge in Juba last Saturday. UN Secretary-General Antonio Guterres had announced the appointment of Tinaikar in May. In a tweet, the UN mission said Tinaikar was officially welcomed by a guard of honour.

  • Lieutenant General Shailesh Tinaikar of India assumes charge as Force Commander of United Nations Mission in South Sudan.

  • Shailesh Tinaikar has been awarded the Sena Medal and the Vishisht Seva Medal for Distinguished Service.

Foot Notes:
About UN
  1. UN Secretary-General: António Guterres

  2. Headquarters: New York, United States

  3. Established: 24th October 1945.

3. Indian Naval Ship Tarkash arrives in Morocco
  • Then Indian Naval Ship Tarkash arrived at Tangier, Morocco today for a three-day visit. The visit is part of an ongoing Overseas Deployment by the Indian Navy to the Mediterranean Sea, Africa and Europe. The visit seeks to strengthen the bonds of friendship between India and Morocco.

  • INS Tarkash, commanded by Captain Sathish Vasudev, is a state-of-the-art stealth frigate of the Indian Navy, equipped with a versatile range of weapons and sensors capable of addressing threats in all three dimensions.

  • The ship is a part of the Indian Navy's Western Fleet and is under the operational Command of Flag Officer Commanding-in-Chief, Western Naval Command.

Foot Notes:
About Naval Staff
  1. Chief: Karambir Singh.

4. India successfully tests a new version of Brahmos missile
  • India has successfully tested the vertical steep dive version of the Brahmos supersonic cruise missile.

  • Made in India 'Brahmos Aerospace' is also ready with a longer 500 km range version of the Brahmos missile that can be fired from Sukhoi 30 fighter jets.

  • BrahMos Aerospace is a joint venture company owned by the governments of India and Russia and its missiles are produced in India.

Foot Notes:
About BrahMos Aerospace
  1. CEO of BrahMos Aerospace: Sudhir Mishra.

5. Arctic mission will trap scientists in ice to study climate
  • In a couple of months, the German icebreaker RV Polarstern, a hulking ship will set out for the Arctic packed with supplies and scientific equipment for a year-long mission to explore the planet's frigid far north.

  • The icebreaker will be the base for scientists from 17 nations studying the impact of climate change on the Arctic and how it could affect the rest of the world.

  • Scientists plan to sail the ship into the Arctic Ocean, anchor it to a large piece of sea ice and allow the water to freeze around them, effectively trapping themselves in the vast sheet of white that forms over the North Pole each winter. The organizers say that the project is unprecedented in scale and ambition.

6. Vinesh, Divya wins gold at Wrestling Grand Prix of Spain
  • Wrestler Vinesh Phogat has won a gold medal in the 53kg category, while Divya Kakran has won the gold medal in the 68kg category at the Grand Prix of Spain.

  • Pooja Dhanda (57kg) has won a silver after losing the title clash to Russia's Veronika Chumikova.

Foot Notes:
About Spain
  1. Capital of Spain: Madrid

  2. Currency of Spain: Euro.

7. 'Gully Boy' wins hearts in South Korea, awarded at Bucheon film festival
  • Film-maker Zoya Akhtar's directorial 'Gully Boy' has won the Network for the Promotion of Asian Cinema (NETPAC) Award at the 23rd Bucheon International Fantastic Film Festival (BIFAN) in South Korea.

  • NETPAC Jury Committee, comprised of NETPAC members and film professionals, select the best Asian Film from World Fantastic Blue section, which features newer genres and varied stories of comedy, fantasy and drama, read a statement.

  • 'Gully Boy', which features actors Ranveer Singh and Alia Bhatt, is based on the lives of street rappers. The film has performed well in the Indian and overseas market.

Foot Notes:
About South Korea
  1. Capital of South Korea: Seoul

  2. Currency of South Korean: South Korea won.

8. Bhupesh Baghel the Indian CM inaugurated 'Jan Choupal' program to hold public meetings in the state.
  • The Chief Minister of Chhattisgarh, Bhupesh Baghel has inaugurated the 'Jan Choupal' program in Raipur, Chhattisgarh for holding public meetings once every week to discuss the issues of the people.

  • In order to resolve the issues of people, the concept of this program has been taken from the practices of ancestors in the village. So that people can come and discuss their issues in the meeting.

Foot Notes:
About Chhattisgarh
  1. Chief minister: Bhupesh Baghel

  2. Governor: Anandiben Patel

9. Sri Lanka inaugurates model village built with Indian assistance
  • Sri Lanka has inaugurated first model village built with Indian assistance. The village is a part of housing project meant for war affected people.

  • India has partnered with the ministry of housing and construction and cultural affairs of Sri Lanka to build 100 model villages with Indian grant of Rs 1,200 million.

Foot Notes:
About Sri Lanka
  • Capitals of Sri Lanka : Colombo, Sri Jayawardenepura Kotte

  • Currency: Sri Lankan Rupee.

10. Sharjah issues 1st permanent residency visa to Lalu Samuel
  • Sharjah's first Golden Card visa was issued to an Indian expat businessman Lalu Samuel. The move is a part of the permanent residency system tailored for investors.

  • The Golden Card is a 10-year long-term visa eligible for investors and entrepreneurs to engage them in the renaissance and development of the UAE.

  • Lalu Samuel is a Chairman and Managing Director of Kingston Holdings and Chairman of Sharjah Industry Business Group.

Foot Notes:
About UAE
  1. Capital of UAE: Abu Dhabi

  2. Currency: Dirham.

Continue reading >

Current Affairs June 10, 2019

1. Romila Thapar elected as a member of American Philosophical Society

  • Famous Writer Romila Thapar elected as an international member of American Philosophical Society (APS) at its Annual Spring Meeting.She is Emerita professor whose principal area of study is ancient India.
  • She wrote several books including the popular volume, A History of India, and is currently Professor Emerita at Jawaharlal Nehru University (JNU) in New Delhi.
  • She was offered Padma Bhushan award but declined both times.
  • Her famous Works: Aśoka, epigraphy of Mauryan period, and ground-breaking studies and multiple historiographies surrounding contested Hindu and Muslim history of Somnath.

Foot Notes:

  1. Founder: Benjamin Franklin
  2. Founded: 1743
  3. Headquarters: Philadelphia, Pennsylvania, United States
  4. Subsidiaries: American Philosophical Society Museum, American Philosophical Society Library

2. Maldives to confer its highest award Nishan Izzuddin on Prime Minister Narendra Modi

  • Shri Narendra Modi is conferred with Maldives highest award ‘Nishan Izzuddin’.
  • The main aim of the visit is to further cement ties with the Indian Ocean archipelago.
  • Earlier, Prime Minister Modi and President Solih held delegation-level talks as the two countries signed a slew of agreements to strengthen bilateral ties in a number of key areas including defence.
  • His last was in November 2018 to attend President Solih's swearing-in, this visit is the first by an Indian prime minister at a bilateral level in eight years.

Foot Notes:

About Maldives

  1. Capital: Malé
  2. Currency: Maldivian rufiyaa
  3. Continent: Asia
  4. President: Ibrahim Mohamed Solih

3. Jammu and Kashmir government appointed RK Chibber as interim chief of J&K Bank

  • Jammu and Kashmir government removed Jammu and Kashmir (J&K) Bank Chairman Parvez Ahmad. They decided to take long term measures to improve the functioning of the bank so that it becomes an example of a well managed government-owned bank.
  • They appointed R K Chibber as interim chairman of the lender.
  • Ahmad was appointed in 2016 as the chairman of the bank.The Vigilance Organisation made 1,200 appointments during the previous PDP-BJP dispensation in the state during Ahmad's tenure as chairman of the bank.
  • Jammu and Kashmir Bank decided to take long term measures to improve the functioning of the bank and it becomes a shining example of a well managed government-owned bank.
  • Last year the Governor-led State Administrative Council (SAC) approved the proposal for treating Jammu and Kashmir Bank Limited as a public sector undertaking (PSU) and to make it to the state legislature from its employees.The government will re-examine the issue of accountability.

Foot Notes:

About J and K Bank

  1. Headquarters: Srinagar
  2. Owner: Government of Jammu and Kashmir (59%)
  3. Interim Chairman: RK Chibber

4. Union Cabinet has approved the Brucellosis control program to improve the health of animals Union       

  • Union Cabinet has approved the Brucellosis control program, a new scheme, to control Foot and        Mouth Disease (FMD) and Brucellosis to support the livestock rearing farmers and improve the health of animals.
  • This initiative aims to fully control these diseases amongst livestock in the country in the next five years and subsequently eradicate these diseases.
  • Cabinet has approved a total outlay of Rs.13,343 crores for the scheme and entire cost will be now borne by Central Government. Earlier the cost was shared by both Central and State Governments. It is very common amongst the livestock, cow-bulls, buffaloes, sheep, goats, pigs, etc.

5. Sri Lankan Airlines named world's most punctual air service for second consecutive time

  • SriLankan Airlines named as the 'World's Most Punctual Airline' for the second consecutive time with over 90 percent of its flights in May.This status was achieved for the second time in less than 12 months.They achieved a punctuality rating of 91.37 percent reports Xinhua news agency.In a may month they achieved a punctuality rating of 90.75 percent.
  • Flightstats analyzed 41 carriers data from Europe, North America, Asia, the Middle East, and South America and includes most of the world's most prestigious airlines.
  • The punctuality rating of 90.75% by SriLankan Airlines in May 2019 facing challenges caused by heightened security at airline’s hub at Bandaranaike International Airport (in Sri Lankan capital Colombo).

Foot Notes:

About SriLankan Airlines

  1. CEO: Vipula Gunatilleka
  2. Alliance: Oneworld
  3. Hub: Bandaranaike International Airport

6. India’s first Dinosaur Museum inaugurated in Gujarat

  • Gujarat Chief Minister Vijay Rupani on Saturday inaugurated India’s first dinosaur museum and fossil park at Raiyoli village near Balasinor town of Mahisagar district.
  • According to government officials, Raiyoli is globally known to be the third largest fossil site and the second largest dinosaur hatchery from where about 10,000 dinosaur eggs have been found.
  • This is the first such park in the country and also the world’s third park which exhibits remains of various dinosaurs and fossil records.3D projection, 360 degrees virtual reality presentations, interactive kiosks, gaming consoles are the facilities equipped  with the museum.

Foot Notes:

About Gujarat

  1. Capital: Gandhinagar
  2. Chief Minister: Vijay Rupani
  3. Governor: Om Prakash Kohli

7. Paytm Payments Bank ahead of major banks in digital transaction target with 501.16 crore digital transactions

  • Paytm Payments Bank with 501.16 crore digital transactions for the financial year 2019-20 was ahead of major banks including HDFC Bank, Industrial Credit and Investment Corporation of India (ICICI) Bank and Punjab National Bank in digital transaction target set by the Ministry of Electronics and Information Technology (MeitY).It is only behind the State Bank of India (SBI) which has the highest target for digital transactions.
  • Only 5 banks have received a target of more than 100 crore transactions. They are HDFC Bank, ICICI Bank, Axis Bank,Punjab National Bank and Union Bank of India.
  • In FY 2018-19, Paytm payments bank had crossed the target of 354 crore transactions and recorded 393 crore digital transfers. It has a market share of 19% and 32% respectively in terms of mobile banking and Unified Payments Interface (UPI)transactions.
  • It processes over Rs 3 lakh crore worth of digital transactions on an annual basis.In terms of deposits, it has more than Rs 500 crore deposits in savings accounts as of April 2019. It is largest among the payments bank in India.

Foot Notes:

About Paytm Payments Bank

  1. Headquarters: Noida, Uttar Pradesh
  2. Chairman:  Vijay Shekhar Sharma
  3. Tag line: Simplifying Payments for India

8. SBI cuts interest rate on CC/OD, introduces repo linked home loan product

  • On June 7, 2019, State Bank of India (SBI) announced to introduce repo-linked home loan product from July 1, 2019. It has become the first bank to offer this facility.
  • The home loans up to Rs 75 lakh will be priced at 2.65% over the repo rate of 5.75% resulting in the interest rate of 8.40%. At present, it offers home loanslinked to its marginal cost of funds at 8.55%.SBI also reduced the interest rate on Cash Credit Account (CC) and Overdraft (OD) customers with limits above Rs 1 lakh, after the RBI reduced the repo rate by 25 basis points to 5.75%.
  • At present, the effective Repo-Linked Lending Rate (RLLR) for CC/ OD customers is 8%whereas for savings deposits above Rs 1 lakh the new rate is be 3%.
  • iv. In March, SBI had linked all CC accounts and ODs with limits above Rs 1 lakh to the repo rate plus a spread of 2.25%. For above Rs 1 lakh, it had set its savings deposit rates to 2.75% below the repo rate.

Foot Notes:

About SBI

  1. Headquarters: Mumbai
  2. Chairman: Rajnish Kumar
  3. Founded: July 1, 1955
Continue reading >
Locate Nearest CENTER