Current Affairs June 4 2019

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INDIAN AFFAIRS

IAF AN-32 Aircraft went missing with 13 people in Assam
On June 3, 2019, IAF AN-32 Aircraft, taken off at 12.27 pm from Jorhat, Assam headed towards Mechuka in Arunachal Pradesh went missing with 13 people. The AN-32 was inducted into the IAF in the 1980s.

Key Points:
i. The Aircraft consisted of 8 crew members, including 6 officers led by a Wing Commander and 5 passengers.
ii. The ground agencies had last contacted the aircraft at 1 pm following which the contact was lost.
iii. The search operations from air and ground parties of Indian Army have been undertaken. On the air, sources like C-130, AN-32 aircraft, two Mi-17 of IAF and Indian Army ALH helicopters were employed. On the ground, the Indo-Tibetan Border Police(ITBP), Border Roads Organization(BRO) and the state police were deployed.
iv. Similar cases were registered in 2009 and 2016. In June 9, 2009, an IAF AN-32 had crashed over Rinchi Hill near Heyo Village, West Siang district, Arunachal Pradesh, which killed 13 personnel and the biggest IAF AN-32 crash took place on July 22, 2016 when the aircraft went off the radars over the Bay of Bengal which killed 29 people.
About Indian Air Force(IAF):
♦ Headquarters: New Delhi
♦ Founded: 8 October 1932, India
♦ Role: Aerial warfare
♦ Attack: Jaguar, MiG-27, Harpy
♦ Fighters: Sukhoi Su-30MKI, Dassault Mirage 2000, Mikoyan MiG-29, Mikoyan-Gurevich MiG-21, HAL Tejas
♦ Chief of Air Staff(CAS): Air Chief Marshal Birender Singh Dhanoa

Haryana High court declares of entire animal kingdom as ‘legal entities’
On June 2, 2019, The Haryana High court (HC) declared the entire animal kingdom, including avian and aquatic, as a legal entity having rights of a living person. The verdict of Punjab and Haryana HC comes a year after Uttarakhand HC passed similar order to protect and promote greater welfare of animals.
Key points:
i. This decision was taken by Justice Rajiv Sharma.
ii. By invoking article 21 of the constitution the court stated that the animals can no longer be treated as objects or properties.
iii. The court also declared all citizens throughout Haryana as persons in loco parentis (meaning – in place of a parent) giving them the responsibility to protect animals.
iv. The court also directed the state government to ensure that no animal shall carry weight or load in excess of the weights prescribed.
v. It also bans the use of animals for drawing vehicles where the temperature exceeds 37°C (99°F).
About Haryana:
Capital: Chandigarh
Governor: Satyadev Narayan Arya
Chief minister: Manohar Lal Khattar

INTERNATIONAL AFFAIRS

India ranked 95^th in 129 countries in new Gender Equality Index
India was ranked 95^th among 129 countries in new SDG (Sustainable Development Goals) Gender Equality Index with 56.2 scores. The gender gap index of the World Economic Forum had ranked India with 108…………………………………..Click here to Read more
Top 10 Countries:

• 14^th Islamic Summit organized by Organization of Islamic Cooperation (OIC) summit was held in Mecca, Saudi Arabia. It was hosted by Saudi King Salman bin Abdul Aziz Al Saud. The summit, titled as “Mecca Summit: Together for the Future”, aimed at developing a unified stance on events in the Islamic world.
• OIC appointed Yousef Aldobeay as its special envoy for Jammu & Kashmir…………………………..Click here to Read more

QUAD (Quadrilateral Security Dialogue) held at Bangkok
The fourth Quadrilateral Security Dialogue (QUAD) meeting was recently held in Bangkok, Thailand. It is an informal strategic dialogue between the group of four countries – the United States, India, Japan, and Australia. It was attended by senior officials of QUAD member countries.
Key Highlights:
i. Countries held a consultation on their collaborative efforts to advance a “free, open and inclusive Indo-Pacific region”, maritime security and good governance and also discussed the initiatives taken by each country to encourage transparent, principles-based investment in quality infrastructure.
ii. Meeting participants assured their support for ASEAN centrality and ASEAN-led regional architecture.
iii. hey also reassured their shared commitment to preserving and promoting the rules-based order in the Indo-pacific region
About Quad:
It was originally initiated in 2007 by Prime Minister Shinzo Abe of Japan but later disbanded after withdrawal of Australia. However, it was revived again in 2017 in response to increased Chinese economic and military power.

First UAE Permanent Residency issued in Abu Dhabi
Federal Authority for Identity and Citizenship (ICA) Of UAE has issued the first permanent residency – Golden Card, in Abu Dhabi as a part of Investors Permanent Residence System implemented under the UAE Cabinet’s Resolution No. 56 for 2018. It aims to attract investors, exporters, and students who meet their criteria.

Key points:
i. The first Golden card was given to UAE-based businessman, LuLu Group chairman M.A. Yusuffali. He has a net worth of $4.7 billion and ranked as the richest person in UAE by Forbes.
ii. Brigadier Saeed Salem Al Shamsi, Executive Director of the General Directorate of Residency and Foreigners Affairs in Abu Dhabi, awarded the first permit.
iii. UAE has also announced that about 6800 investors with 100 billion Dirhams worth of investment will be provided with Golden Card in the first batch.
About UAE:
♦ Capital – Abu Dhabi
♦ Currency – United Arab Emirates dirhams
♦ President – Khalifa bin Zayed Al Nahyan
♦ Prime Minister – Sheikh Mohammed bin Rashid Al Maktoum

BANKING & FINANCE

Nilekani-led committee recommended 24×7 RTGS & NEFT, elimination of all charges

• The Reserve Bank of India(RBI) appointed 5-member panel led by Nandan Nilekani recommended measures like 24×7 Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) facility, duty-free import of Point-of-sales(POS) machines and elimination of all charges in order to promote digital payments in India.
• Policy recommendations were made to all major regulators such as RBI, Securities and Exchange Board of India (SEBI) , Insurance Regulatory and Development Authority of India (IRDAI) and Department of Telecommunications (DoT) with the objective to reduce cash based payments…………………………………………….Click here to Read more

RBI amended its norms on banks’ exposure to large borrowers
The Reserve Bank of India (RBI) amended its norms on banks’ exposure to large borrowers with a view to reduce the concentration of risk and align them with the global norms. It will help in lending to Non-Banking Financial Companies (NBFC) in an effective way and invite scrutiny on the structure of these entities.
Key Points:
i. The modified ‘Large Exposures Framework’ (LEF) provides exclusion of entities connected with the sovereign from the definition of a group of connected counterparties.
ii. As per the revised norms, the sum of all the exposure values of a bank to a single counter-party should not be greater than 20% of the bank’s available eligible capital base at all times.  In exceptional cases, the board of banks is allowed an additional 5% exposure to the bank’s available eligible capital base.
iii. With regards to connected counter-parties, the sum of all the exposure values of a bank to a group of connected counter-parties should not be greater than 25% of the bank’s available eligible capital base at all times
iv. Under the LE Framework, exposure to a counter-party includes on and off-balance sheet exposures included in either the banking or trading book and instruments with counter-party credit risk.
v. On exposures to NBFCs, the banks’ exposures to a single NBFC are restricted to 15% of their eligible capital base.
About Reserve Bank Of India:
♦ Headquarters: Mumbai
♦ Governor: Shaktikanta Das
♦ Subsidiary: National Housing Bank

BUSINESS & ECONOMY

GST collections crossed Rs 1 lakh crore mark for three consecutive month
The Goods And Services tax collection for May 2019 is Rs 1,00,289 crore, however, this is lesser than Rs 1,13,865 crore collected in April, an all-time high since the rollout of GST in July 2017. This is the third consecutive time for GST to cross Rs 1 Lakh.
Key points:
i. GST grew 6.67%  from Rs 94,016 in May 2018.
ii. Central GST is Rs 17,811 crore, State GST is Rs 24,462 crore, Integrated GST is Rs 49,891 crore and cess is Rs 8,125 crore.
iii. Rs 18,934 crore has been released to the states as GST compensation for the months of February-March, 2019.
iv. The revenue in May 2019 is 2.21% greater than the monthly average of GST revenue in fiscal 2018-19.
About GST council
♦ Headquarters – New Delhi
♦ Chairperson – Nirmala Sitharaman (union finance minister)

USA terminated GSP benefits from India

• On May 31, 2019, US President Donald Trump signed a proclamation to withdraw Generalized System of Preferences(GSP) scheme on $5.6 billion exports from India, effective from June 5, 2019.
• GSP allows emerging countries to export goods to the US without paying duties. It offered duty-free market access to more than 3,000 items exported from India………………………………Click here to Read more

IOCL, BPCL and HPCL to form a Joint Venture for Kandla-Gorakhpur LPG pipeline project
On June 3, 2019, Indian Oil Corporation Limited(IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited(HPCL) signed an agreement to form a Joint Venture(JV) in New Delhi for laying the world’s longest Liquefied petroleum gas(LPG) pipeline from Kandla, Gujarat to Gorakhpur, Uttar Pradesh.

Key Points:
i. IOCL BPCL and HPCL will hold 50%, 25% and 25% equity holding in the JV Company respectively.
ii. The 2,757-km cross-country pipeline will connect 3 major States with the west coast and 2 refineries at Koyali, Gujarat and Bina, Madhya Pradesh linking 22 LPG bottling plants in Gujarat(3), Madhya Pradesh (6) and Uttar Pradesh(13) which are owned by 3 Oil Marketing Companies (OMCs).
iii. Along with this, the pipeline will supply LPG to 21 more bottling plants in Rajasthan, Gujarat, Madhya Pradesh, Maharashtra and Uttar Pradesh through road-bridging.
iv. After the completion of the project, single pipeline can transport up to 8.25 million metric tonnes of LPG per year which amounts to about 25% of India’s LPG demand.
About IOCL:
♦ Headquarters: New Delhi
♦ Chairman: Sanjiv Singh
About BPCL:
♦ Headquarters: Mumbai
♦ CEO: D. Rajkumar
About HPCL:
♦ Headquarters: Mumbai
♦ CEO: Mukesh Kumar Surana

AAI (Airports Authority of India) signs technical assistance pact with Boeing
The National Airports body Airports Authority of India (AAI) signed technical assistance agreement with American multinational corporate, Boeing to jointly develop a 10-year roadmap which will improve flexible use of airspace, enhance communication, surveillance and help to maintain efficient aircraft operations.
i. This Project is being implemented with a grant from the United States Trade and Development Agency (USTDA).
ii. The acting Director of USTDA, Thomas Hardy said that Boeing will be working with Directorate General of Civil Aviation (DGCA), domestic airlines and airports operators and other airspace stakeholders such as the US-India Aviation Cooperation Programme (ACP).
About AAI:
Headquarters: New Delhi
Founded: 1 April 1995
About  Boeing:
CEO: Dennis Muilenburg
Headquarters: Chicago, Illinois, United States

AWARDS & RECOGNITIONS

Veteran Actress Sheela conferred with J C Daniel award
Veteran actress Sheela was conferred with Kerala’s highest J C Daniel award for her contribution to Malayalam cinema at the Kerala state film award function at Nisagandhi auditorium in Thiruvananthapuram. The award consists of 5 lakh cash prize, a citation, and a plaque.

i. In the previous years, Director Adoor Gopalakrishnan and lyricist Sreekumaran Thambi was honoured with this award.
ii. The award committee was chaired by noted filmmaker K S Seethumadhavan.
iii. Sheela made her debut as an actress with MG Ramachandran(MGR)-starrer Tamil movie ‘Pasam’.
iv. She won the state award for the movie ‘Kallichellamma’ in 1969.
v. The actress also directed two movies named ‘Yakshaganam’ and ‘Sikharangal’ and authored the novel ‘Kuyilinte Koodu’.
About Kerala:
♦ Capital: Thiruvananthapuram
♦ Chief minister: Pinarayi Vijayan
♦ National park: Anamudi Shola National Park, Periyar National Park, Eravikulam National Park , Pampadum Shola National Park.

APPOINTMENTS & RESIGNS

CAG Rajiv Mehrishi elected as external auditor of WHO
The Comptroller and Auditor General (CAG) of India, Rajiv Mehrishi is elected as external auditor of the World Health Organization (WHO) for four years from 2020 to 2023. He takes the charge from the Supreme Audit Institution of Philippines.

Key points:
i. He was elected in the 72nd World Health Assembly in Geneva with a majority of 90 votes out of 162 votes.
ii. Mehrishi is currently on the Board of Auditors of the United Nations (UN) and Vice-Chair of the UN Panel of External Auditors (UNPEA).
About WHO:
♦ Headquarters – Geneva, Switzerland
♦ Headed by – Tedros Adhanom

Arun Kumar Sahu Appointed As the next High Commissioner of India to The Republic of Trinidad and Tobago
On June 4, 2019, the Ministry of External Affairs, Government of India announced the appointment of Arun Kumar Sahu as next High Commissioner of India to The Republic of Trinidad and Tobago. He is currently serving as Deputy High Commissioner in the High Commission of India, Ottawa. He succeeds Biswadip Dey.

About Republic of Trinidad and Tobago
♦ Capital: Port of Spain
♦ Currency: Trinidad and Tobago dollar

ENVIRONMENT

Mount Etna in Italy erupts
Europe’s highest volcano Mount Etna erupted spitting molten lava in the island of Sicily, Italy. It is the largest of the three volcanoes present in Italy others being, Mount Vesuvius and Mount Stromboli. It was added to the United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Sites in  June 2013.
About Italy:
♦ Capital – Rome
♦ Currency – Euro
♦ Prime minister – Giuseppe Conte
♦ President – Sergio Mattarella

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SPORTS

Andres Ponce Ruiz Jr. becomes the Heavyweight Champion
Mexican-American professional boxer Andres Ponce Ruiz Jr. becomes heavyweight champion after beating his opponent British professional boxer, Anthony Joshua at Madison Square Garden, New York. 

ii. The win made Andres Ruiz the first Mexican heavyweight champion of the world.
iii. Ruiz also represented Mexico in two 2008 Beijing Olympic Games.

Sidharth Rawat won maiden ITF men’s Futures singles title
On June 2, 2019, Delhi based tennis player Sidharth Rawat defeated Japan’s Rio Noguchi with 7-5, 6-0 scores to secure his maiden title in $25,000 International Tennis Federation(ITF) men’s Futures Tennis Tournament held in Nonthaburi, Thailand. With this, he will improve the ATP (Association of Tennis Professionals) rank of 510. His career-best rank was 430.

Key Points:
i. Sidharth credited his win to the coach Gaurav Sharma .
ii. Over the next fortnight, he will be competing in two $25,000 events in Hong Kong.
About ITF:
♦ Headquarters: London, UK
♦ President: David Haggerty

OBITUARY

José Antonio Reyes a soccer star died
José Antonio Reyes former Arsenal and Spain player died in a car accident at the age of 35. He was former Spain midfielder and won five Europa League titles and was part of Arsenal’s unbeaten “Invincibles” squad. He also won 21 caps for Spain. He hailed from Spain.

BOOKS & AUTHORS

A Book on World Cup by Ashis Ray launched by Tom Harrison
The chief executive of the England and Wales Cricket Board, Tom Harrison launched the book – Cricket World Cup: The Indian Challenge, a book on world cup from Indian perspective by veteran broadcaster and writer Ashis Ray. The book covers all the matches played by India since inaugural world cup 44 years ago and all final and semi-final matches of all team.

i. The book has been launched during an event at the annual summit of the UK-based India Business Group at the Institute of Directors in London.

IMPORTANT DAYS

International Day of Innocent Children Victims of Aggression observed on June 4
International Day of Innocent Children Victims of Aggression was observed on June 4. It aims to spread awareness about the pain and sufferings faced by the children who are the victims of physical, mental and emotional abuse.

Key Points:
i. On August 19, 1982, the UN General Assembly (UNGA) declared June 4 as International Day of Innocent Children Victims of Aggression under the resolution ES-7/8 because a large number of innocent Lebanese and Palestinian children became the victims of the aggressive acts of Israel.
ii. The 6 grave violations faced by children are recruitment and use of children in war, killing, sexual violence, abduction, attacks on schools and hospitals and denial of humanitarian access.
iii. On April 2, 2019, a campaign “Act to Protect Children affected by Conflict” was launched by Ms. Virginia Gamba, the Special Representative of the Secretary-General for Children and Armed Conflict to create awareness and implement action to protect children affected by war. It will be effective until the end of 2022.
About UNGA:
♦ Headquarters: New York, US
♦ President: María Fernanda Espinosa
♦ Designated President: Prof. Tijjani Muhammad Bande (September 2019)

STATE NEWS

Punjab Chief Minister Amarinder Singh requested  Prime Minister  to declare 550th Parkash Parb as National Tolerance Day
i. Punjab Chief Minister Amarinder Singh has requested Prime Minister Narendra Modi to declare the 550th Guru Nanak Prakash Purab as National Tolerance Day cited the Sikhism founder’s message of love and compassion.
ii. Parkash Utsav of Guru Nanak Dev( also known as  Guru Nanak Jayanti), celebrates the birth of the first Sikh Guru and Sindhi Community  Guru Nanak.
iii. This is one of the most sacred festivals in Sikhism, or Sikhi and Sindhis celebrated on November 12.
About Punjab:
♦ Capital: Chandigarh
♦ Chief minister: Amarinder Singh
♦ Governor: V.P. Singh Badnore

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