Daily Current Affairs 07 June 2018

Daily Current Affairs 07 June 2018

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Recommend: Times of India , Economic Times

                            Today Top Current Affairs


#  RBI releases Second Bi-monthly Monetary Policy Statement 2018-19

The Reserve Bank of India (RBI) on June 6, 2018 released its Second Bi-monthly Monetary Policy Statement 2018-19.

After assessing the current and evolving macroeconomic situation in the economy, the six members Monetary Policy Committee (MPC) decided to increase the policy Repo Rate under the Liquidity Adjustment Facility (LAF) by 25 basis points to 6.25 percent. The Reverse Repo Rate under the LAF stands adjusted to 6.0 percent. The Marginal Standing Facility (MSF) rate and the Bank Rate stand at 6.5 percent.

#  India records 22 per cent reduction in Maternal Mortality Ratio

India recorded 22 per cent reduction in Maternal Mortality Ratio (MMR) since 2013, as per the Sample Registration System (SRS) bulletin that was released by the Office of the Registrar General of India on June 6, 2018.

According to the bulletin, the Maternal Mortality Ratio in India declined from 167 in 2011-2013 to 130 in 2014-2016. The MMR is defined as the proportion of maternal deaths per 1, 00,000 live births. The decline in the ratio was most significant in Empowered Action Group (EAG) states from 246 to 188.

#  RBI to set up Public Credit Registry to curb bad loans

The Reserve Bank of India (RBI) on June 6, 2018 announced to set up a Public Credit Registry, an information repository that has all loan information of individuals and corporate borrowers.

The repository will be set up in a modular and phased manner. Moreover, RBI will be setting up an implementation task force to undertake the logistics for setting up of the credit repository. With the help of the credit repository, banks will be able to differentiate between a bad and a good borrower, thus, can accordingly offer attractive interest rates to good borrowers and higher interest rates to bad borrowers.

#  RBI allows Urban Co-operative Banks to become Small Finance Banks

The Reserve Bank of India (RBI) on June 6, 2018 decided to allow voluntary transition of the Urban Co-Operative Banks (UCB) into Small Finance Banks (SFB), a move that is aimed at bringing UCBs into mainstream banking.

The Urban Co-Operative Banks can now covert into SFBs after meeting the prescribed criteria. The details of the scheme will be announced separately by the RBI. The move is an outcome of the recommendations made by the High Powered Committee on Urban Cooperative Banks in August 2015. The committee was chaired by R Gandhi, the then Deputy Governor of the RBI.

#  World Bank approves funding for Atal Bhujal Yojana

The World Bank has approved Water Resources and River Development Ministry’s Rs 6000 crore worth central sector scheme, ‘Atal Bhujal Yojana’.

The scheme will be implemented over a period of five years from 2018-19 to 2022-23 with assistance from the World Bank. The scheme proposal has already been recommended by the Expenditure Finance Committee and the Ministry will be seeking Cabinet approval for the project shortly.

# EFC extends timeline of Dam Rehabilitation & Improvement Project to 2020

DRIP is a state sector scheme with central component to improve safety and operational performance of selected dams, along with institutional strengthening with system wide management approach.

# Election Commission launches its online RTI Portal

The Election Commission of India has launched an online RTI Portal to help applicants seeking information under the Right to Information Act. The portal will facilitate an online reply to applications and also for making the first appeal.

#  India records 22 per cent reduction in Maternal Mortality Ratio

India recorded 22 per cent reduction in Maternal Mortality Ratio (MMR) since 2013, as per the Sample Registration System (SRS) bulletin that was released on June 6, 2018. The decline in the ratio was most significant in Empowered Action Group (EAG) states from 246 to 188.

#  Top Cabinet Approvals: 6 June 2018

The Union Cabinet chaired by Prime Minister Narendra Modi has approved funding for the GSLV Mark-III continuation programme (Phase-I) consisting of ten GSLV Mk-III flights, at a total estimated cost of Rs 4338.20 crores.

#  President approves promulgation of Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018

From now on, home buyers will have representation in the Committee of Creditors and will be an integral part of the decision making process.

#  Center forms 3 key panels for ‘Prime Ministers of India’ Museum Project

he Culture Ministry has long been planning to set up a modern museum that will tell the story of all the prime ministers of the country at the premises of the iconic Teen Murti Estate in the Chanakyapuri area, the official residence of India’s first Prime Minister Jawaharlal Nehru.

#  Ministry of Women and Child Development holds National Consultation on Child Protection

The conference purposefully discussed the Juvenile Justice (Care and protection of Children) Act (JJ Act), 2015 and Protection of Children from Sexual Offences Act (POCSO), 2012.

#  Centre proposes to ban obscene depiction of women on internet

Once the Parliament passes the proposed amendments, the indecent representation of women in electronic forms through text and online messaging services will be treated as an offence and will attract penalties similar to those under the Information Technology Act, 2000.

#  India receives cheapest LNG as Russia’s Gazprom begins supplies

The Russian rate is USD 1.5 per mmBtu less than the price at which Qatar’s RasGas, India’s oldest supplier, used to deliver LNG.

#  Quiz  7 June 2018: The Current Affairs Quizzes section of Jagranjosh aims to help every competitive exam aspirant to revise the day at ease. The day’s updated quizzes cover the topics like Maternal Mortality Ratio, Nipah Virus outbreak and 73rd United Nations General Assembly among others.

1. Maternal Mortality Ratio has reduced by 22 per cent in which nation?
a) India
b) Nigeria
c) China
d) Malaysia

2. Which Indian public authority has launched its online RTI Portal?
a) National Green Tribunal
b) Indian Council of Agricultural Research 
c) Airports Authority of India
d) Election Commission of India

3. Who has signed a pact with Myanmar for the return of the Rohingya Community?
a) Bangladesh
b) India
c) UN
d) US

4. President Ram Nath Kovind inaugurated a 73 km long National Highway in which state?
a) Mizoram
b) Tripura
c) Sikkim
d) Arunachal Pradesh

5. The Union Cabinet has approved funding for the Continuation Programme for which satellite launch vehicle?
a) GASV
b) GSLV Mk-III 
c) PUSL -I
d) RSRV -III

6. Which country has banned frozen and processed imports from Kerala following Nipah Virus outbreak?
a) Qatar
b) Saudi Arabia
c) Jordan
d) Oman

7. Maria Fernanda Espinosa was elected as President of the 73rd United Nations General Assembly (UNGA). She belongs to which country?
a) Ecuador
b) Denmark
c) Norway
d) Brazil

8. Which country hosted the 2018 IBSA Foreign Ministers’ Meeting?
a) India
b) South Africa
c) Brazil
d) Armenia

9. Which country hosted the 2018 Asia-Pacific Regional Conference on Early Childhood Development?
a) Bangladesh
b) Myanmar
c) Nepal
d) India

10. The Supreme Court recently allowed Union government to implement the reservation in promotion policy for SC/ST employees under which article of the Constitution?
a) Article 19
b) Article 18
c) Article 17 
d) Article 16 

11. India is at which position as a generator of e-waste in the world, according to ASSOCHAM study?
a) 2nd
b) 3rd
c) 4th
d) 5th

12. Who was appointed as the new Prime Minister of Jordan?
a) Hani Mulki 
b) Omar Razzaz
c) Abdullah Ryez
d) Faisal Al-Fayez

ANSWERS

1. (a) India
India recorded 22 per cent reduction in Maternal Mortality Ratio (MMR) since 2013, as per the Sample Registration System (SRS) bulletin that was released by the Office of the Registrar General of India on June 6, 2018.

2. (d) Election Commission of India
The Election Commission of India has launched an online RTI Portal to help applicants seeking information under the Right to Information Act. The portal will facilitate an online reply to applications and also for making the first appeal.

3. (c) UN
Myanmar and UN agencies signed an agreement on June 6, 2018 that could lead to the return of some of the 700,000 Rohingyas who fled brutal persecution by the country’s security forces and are now crowded into makeshift camps in Bangladesh.

4. (c) Sikkim
President Ram Nath Kovind on June 7, 2018 inaugurated a 73 km long National Highway from Matabari (Udaipur) to Sabroom along the Gomati and South Tripura districts. Speaking on the occasion, the President stated that infrastructure plays a very important role in the development of any state.

5. (b) GSLV Mk-III 
The Union Cabinet chaired by Prime Minister Narendra Modi has approved funding for the Geosynchronous Satellite Launch Vehicle Mark-III continuation programme (Phase-I) consisting of ten GSLV Mk-III flights, at a total estimated cost of Rs 4338.20 crores. 

6. (b) Saudi Arabia 
Saudi Arabia has banned frozen and processed fruit and vegetable imports from Kerala amid concerns over the deadly Nipah virus outbreak. As of date, of the 18 positive cases, 16 have died and the remaining two are recovering well at a Kozhikode hospital while the around 2,000 people, who have reported to have come in contact with the affected, are being monitored. 

7. (a) Ecuador
Ecuadorean foreign minister Maria Fernanda Espinosa was elected as President of the 73rd United Nations General Assembly (UNGA). Espinosa will become the fourth woman ever to hold the UNGA presidency and the first since 2006.

8. (b) South Africa
The IBSA Foreign Ministers’ Meeting was held in Pretoria, South Africa on June 4, 2018. The External Affairs Minister of the Republic of India, Sushma Swaraj chaired the IBSA (India, Brazil, South Africa) ministerial meet and held talks on how to deepen coordination among the three countries on major global issues. 

9. (c) Nepal
The Asia-Pacific Regional Conference on Early Childhood Development (ECD) and Third Asia- Pacific Regional Policy Forum on Early Childhood Care and Education (ECCE) have started in Kathmandu, Nepal on June 5, 2018. 

10. (d) Article 16 
The Supreme Court has allowed the Union government to implement the reservation in promotion policy for SC/ST employees in accordance with the law but did not stay a Delhi High Court judgment that had quashed an August 1997 office memorandum issued by the Centre providing for reservation in promotions for Dalit and tribal employees. 

11. (d) 5th
India is among the top five e-waste generating countries in the world besides China, the US, Japan and Germany, according to a report released by Assocham and NEC. 

12. (b) Omar Razzaz
Omar Razzaz, a Harvard-educated former senior World Bank official, was appointed as the new Prime Minister of Jordan by King Abdullah II. He succeeded Hani Mulki, who recently resigned as a result of widespread protests against his government’s austerity program.

Source : Jagran Josh

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