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INDIAN AFFAIRS
Government launches ‘JANAUSHADHI SUVIDHA’
On 4th June 2018, Union Minister of State for Chemicals & Fertilizers, Road Transport & Highways, Shipping, Mansukh L. Mandaviya, launched the ‘JANAUSHADHI SUVIDHA’, the Oxo-biodegradable Sanitary Napkin, under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP).
JANAUSHADHI SUVIDHA:
i. The affordable sanitary napkins will be made available at more than 3600 Janaushadhi Kendras in 33 States/UTs in India.
ii. He said that the average price of sanitary napkins in the market is nearly Rs. 8 per pad. The SUVIDHA napkins are offered at Rs. 2.50 per pad.
iii. As per the National Family Health Survey 2015-16, nearly 58 percent of women aged between 15 to 24 years use locally prepared napkins, sanitary napkins and tampons.
Some important temples in India:
♦ Vaishno Devi Temple – Katra, Jammu & Kashmir
♦ Golden Temple – Amritsar, Punjab
♦ Tirupati Balaji (Tirumala Venkateswara Temple) – Chittor, Andhra Pradesh
Ministries of MSME and Ayush Sign MoU for the Development of Ayush Enterprises
On 5th June 2018, On Ministry of MSME and Ministry of AYUSH signed an MoU in New Delhi, to create synergies through institutions and schemes of both ministries for development of AYUSH enterprises in India.
Ministries of MSME and Ayush Sign MoU for the Development of Ayush Enterprises:
i. The objective of this tie up is to develop India as a world leader in “Holistic Healthcare”.
ii. AYUSH industry includes Ayurveda, Unani, Siddha and Homoeopathy drug manufacturing units etc.
iii. The domestic market for AYUSH sector has increased in the past years. It has also received recognition worldwide.
iv. The export of AYUSH products like food supplements, nutraceuticals and herbal extracts has increased.
v. The Ministries of MSME and AYUSH have partnered to develop enterprises in this sector. Both Ministries will organize regional workshops for entrepreneurship development in AYUSH sector.
vi. Ministry of MSME will launch new schemes for AYUSH industries to receive the benefits of SIDBI (Small Industries Development Bank of India).
Nick names of some Indian cities:
♦ Kanpur (Uttar Pradesh) – Leather City, Manchester of the East
♦ Meerut (Uttar Pradesh) – Sports Capital of india, Scissor City
♦ Lucknow (Uttar Pradesh) – City of Nawabs, City of Marbels, City of Elephants
DoNER Minister Dr Jitendra Singh considers ‘Make in Northeast’ initiative
On June 5, 2018, Inspired by the ‘Make in India’ initiative of the central government , the Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, DrJitendra Singh mooted the initiative named : ‘Make in Northeast’ .
Objective:
To Identify the products of the northeastern states and give them the opportunity to collaborate with stakeholders .
Key points:
i. Each of the 8 states can be given recognition with its own identity for eg. : Sikkim can be referred to as the “Organic State of India” ,Mizoram as the “Bamboo State of India“, Manipur as the “Textiles State of India”.
ii. There has been progress in providing the connectivity and transport infrastructure in the region.And trade from different state and countries are approaching towards this part of the nation.
iii. This would generate employment , trade and revenue and would reinforce the government’s “Act Easy Policy“ .
iv. Introduction of “Public-Private-Participation” should also be encouraged.
About Act Easy Policy:
India’s Act Easy Policy is aimed at building economic, political and strategic partnership with its eastern and south Asian nations namely: Indonesia, Vietnam, Malaysia, Japan, Republic of Korea (ROK), Australia, Singapore and Association of Southeast Asian Nations (ASEAN).
North eastern states have proven to be the priority for this scheme. Connectivity of Northeast with the ASEAN region through trade, culture, people-to-people contacts and physical infrastructure (road, airport, telecommunication, power, etc.)have increased. Some of the major projects include Kaladan Multi-modal Transit Transport Project, the India-Myanmar-Thailand Trilateral Highway Project, Rhi-Tiddim Road Project,Border Haats, etc.
J&K to host first-ever ‘global investor meet’ on hydro-power in July
On 4th June 2018, Jammu and Kashmir government is to host its first ever “global investors meet” in the end of July 2018 in Srinagar, focused on harnessing hydro power potential of 20,000 mega watts in Jammu Kashmir.
J&K to host first-ever ‘global investor meet’:
i. An announcement regarding this was made by Jammu and Kashmir Minister for power Sunil Sharma.
ii. He said investors from hydro-power sector from all over the world will take part in the meet.
iii. He added that a presentation on the hydro power potential of Jammu and Kashmir will be made.
iv. He said that, the investors will be asked for investment in harnessing of the hydro power potential of Jammu and Kashmir.
Some important wildlife sanctuaries in Jammu & Kashmir:
♦ Karakoram Wildlife Sanctuary
♦ Hirpora Wildlife Sanctuary
NMDFC working with four partner agencies in J&K for empowerment of minorities and providing financial assistance to students
On June 5, 2018, National Minorities and Finance Corporation (NMDFC) has joined hands with 4 agencies of Jammu and Kashmir government to work for the empowerment of minorities .
Key points:
i. The 4 agencies are :J&K Entrepreneurship Development Institute (JKEDI), J&K Women’s Development Corporation (WDC), J&K SCs/STs & Backward Classes (BCs) Development Corporation and Jammu & Kashmir State Financial Corporation (SFC).
ii. These agencies would provide term loans, micro finance for particular categories and loans to students and women.
iii. They aim to encourage women, artisans, youth of J&K and the various minority groups present in the region.
Chairman and Managing Director of NMDFC :Md .Shahbaz Ali.
2 pc DA hike for state govt employees by Haryana Government
On June 5, 2018, the state government of Haryana announced a hike of 2% on the Dearness Allowance (DA) .
Key points:
i. This is effective from January 1 , 2018.
ii. This would increase the DA from 5% to 7%.
iii. This would create a burden of Rs. 309.54 crore in the state exchequer for January 2018 to February 2019 .
iv. Also the DAadmissible as per 6th Pay Commission increases from 139% to 142% and that would create a burden of Rs.9.71 crore in the state exchequer.
v. The DA admissible as per 5th Pay Commission increases from 268% to 274% .
Haryana :
♦ Chief Minister : ManoharLalKhattar.
♦ National Parks : Sultanpur National Park, Kalesar National Park.
INTERNATIONAL AFFAIRS
WHO launches global action plan on physical activity
On 4th June 2018, WHO Director-General Dr Tedros Adhanom Ghebreyesus and Portugal Prime Minister António Costa launched the new “WHO Global action plan on physical activity and health 2018-2030: More active people for a healthier world.”
WHO launches global action plan on physical activity:
i. The action plan explains how countries can reduce physical inactivity in adults and adolescents by 15% by 2030.
ii. It specifies a set of 20 policy areas aimed to develop more active societies by improving the environments and opportunities for people of all ages and abilities to do more walking, cycling, sport, active recreation, dance and play.
iii. It also invites support like training of health care workers and other professionals, stronger data systems, and usage of digital technologies.
iv. In order to support national efforts to implement the plan, WHO is launching an advocacy campaign to promote physical activity, Let’s Be Active: Everyone, Everywhere, Everyday.
v. This initiative focuses on encouraging governments and city authorities to make it easier for people to be more physically active, and healthier.
Some important dams in India:
♦ Idukki Dam – Periyar River
♦ Bhakra Dam – Satluj River
♦ Pakal Dul Dam – Marusudar River
Saudi Arabia starts issuing driving licenses to women; ends decades-long ban
On June 5, 2018, Saudi Arabia gave away its first batch of driving licenses to women after decades long ban.
i. Saudi Arabia the only country where women are not allowed to drive.
ii. The ban ends on June 24 2018.
Crown Prince of Saudi Arabia :Mohammed Bin Salman.
BANKING & FINANCE
Citi Bank first bank to enroll as Payment Initiation Service Provider Under UK’s Open Banking regime.
On June 3, 2018, Citi Bank becomes the first corporate bank to make use of UK’sOpen Banking regime .
Key points:
i. According to the open banking regime the European Banks are required to share customer data with third party banks upon the customers’ approval.
ii. Citi Bank is the first to enroll as “Payment Initiation Service Provider”.
iii. This would enable it to receive small payments directly from UK’s customer bank accounts without debit or credit cards.
iv. This initiative will be less time consuming and cheaper compared to other alternatives like PayPal etc.
Citi Bank:
♦ Headquarters: New York, US.
BUSINESS & ECONOMY
ICAI, SAICA sign pact to facilitate professionals movement
On 4th June 2018, The Institute of Chartered Accountants of India (ICAI) and South African Institute of Chartered Accountants (SAICA) have signed an agreement to set up a framework for recognizing members easier and encourage mobility of professionals between both countries, at the SAICA head office in Johannesburg.
ICAI, SAICA sign pact to facilitate professionals movement:
i. This agreement will help in mutual recognition of each other’s qualification and admit members by a bridging mechanism between India and South Africa.
ii. As per the agreement, an ICAI member is exempted from appearing in Part I or initial test of competency and practical training requirements of SAICA.
iii. Also, he/she can become a member of SAICA on completing the assessment of professional competence (APC) examination.
iv. Also, if an individual ICAI applicant, in good standing, fulfils the competency requirements of SAICA competency framework, membership of SAICA may be given without the completion of the APC examination.
About Institute of Chartered Accountants of India (ICAI):
♦ President – Naveen N D Gupta
♦ Purpose – regulating the profession of Chartered Accountancy in India
HUL to merge foods and refreshments division
Hindustan Unilever has decided to merge its foods and refreshments business into one division with effect from July 2018.
HUL to merge foods and refreshments division:
i. Geetu Verma, existing executive director for foods will be shifted to Rotterdam as global vice-president of nutrition and naturals platform in Unilever.
ii. Sudhir Sitapati, current executive director, refreshments will head the combined segment.
iii. HUL has said that, this merger will help HUL to improve organisational agility and better serve local consumers with the advantage of global scale.
About Hindustan Unilever Limited:
♦ CEO & Managing Director – Mr Sanjiv Mehta
♦ India’s largest Fast Moving Consumer Goods company
AWARDS & RECOGNITION
Four year-old Assam kid ‘Youngest Author of India’
On 5th June 2018, four-year old Ayan Gogoi Gohain of North Lakhimpur district, Assam was honoured with the ‘Youngest Author of India’ title by The India Book of Records.
Ayan Gogoi Gohain – ‘Youngest Author of India’:
i. Ayan Gogoi Gohain has been honoured with this title for his book ‘Honeycomb’. The book was published in January 2018.
ii. The book has 30 anecdotes and illustrations. India Book of Records has awarded a plaque and a certificate to Ayan Gogoi Gohain in January 2018.
iii. Ayan Gogoi Gohain is also skilled in painting. He had also designed the cover page of ‘Honeycomb’.
APPOINTMENTS & RESIGNS
Veteran Producer Pippa Harris named BAFTA chairperson, replaces Jane Lush.
On June 5, 2018, Producer Pippa Harris has been selected as the Chairman of the BritishAcademy of Film and Television Arts (BAFTA ).
Key points:
i. She will be replacing Jane Lush.
ii. Her tenure is for 2 years.
iii. Earlier she was the deputy chair.
iv. Harris has served as the head of dramacommissioning for the BBC where her commissions included “The Lost Prince”, “State of Play” and “Daniel Deronda”.
Malaysia appoints ethnic Indian as new attorney general
On 5th June 2018, Malaysia’s king Sultan Muhammad V approved the appointment of Tommy Thomas, an ethnic Indian lawyer, as new attorney general.
Tommy Thomas – new attorney general:
i. Sultan Muhammad V has approved terminating current Attorney General Mohamad Apandi Ali and appointment of Tommy Thomas as new attorney general.
ii. Tommy Thomas is the first minority to become attorney general in 55 years.
iii. The king has approved this appointment in the middle of protests from Islamic groups that the position must be held by a Muslim.
Tag lines of some banks:
♦ Andhra Bank – Where India Banks
♦ Bank of Baroda – India’s International Bank
♦ Bank of India – Relationships beyond Banking
Religare Enterprises inducts former IB head in the Board
On 4th June 2018, Religare Enterprises Limited (REL) said that, it has appointed former Intelligence Bureau (IB) additional director Malay Kumar Sinha as Non-Executive Independent Director on the Board.
Malay Kumar Sinha – Non-Executive Independent Director on the Board of Religare Enterprises Limited (REL):
i. Malay Kumar Sinha is an Indian Police Service officer. He has served in several positions in Uttar Pradesh Police, Intelligence Bureau and the Ministry of Home Affairs.
ii. His has also worked as Joint Secretary in the Ministry of External Affairs and Secretary—Security, Cabinet Secretariat.
About Religare Enterprises Limited (REL):
♦ Registered Office – New Delhi
♦ Type – diversified financial services group
Derrick Pereira takes over as Technical Director of FC Goa
Derrick Pereira, FC Goa assistant head coach and former footballer, has taken charge as the new Technical Director of FC Goa.
Derrick Pereira – Technical Director of FC Goa:
i. Derrick Pereira assumed charge as head coach in the absence of Sergio Lobera for the Super Cup. He will continue to monitor Youth Development for FC Goa.
ii. FC Goa has also appointed former FC Pune City striker Jesus Rodriguez Tato as assistant to coach Sergio Lobera for the upcoming season of Super Cup.
About AIFF (All India Football Federation):
♦ President – Praful M Patel
♦ Headquarters – New Delhi
Former oil secretary Vivek Rae resigns from Independent Director position of IOC board
On June 5, 2018, the 1978 batch IAS officer and former oil secretary Mr. Vivek Rae resigns from his post of Independent Director of Indian Oil Corporation (IOC).
Key points:
i. His appointment was made by Appointments Committee of the Cabinet (ACC) on September 22 2017 for the post of Independent Director for tenure of 3 years.
ii. He was formerly the secretary to Ministry of Petroleum and Natural Gas from January 2013 to February 2014.
iii. He also served as a full time member of the 7th pay commission from February 2014 to November 2015.
AQUISITIONS & MERGERS
Bharat Financial gets nod for merger with IndusInd Bank from multiple stock exchanges
On June 5, 2018, Micro lender Bharat Financial Inclusion Ltd. gets a no–objection nod for its merger with IndusInd Bank.
Key points:
i. Bharat Financial (earlier known as SKS Microfinance ) has got the nod from multiple stock exchanges like NSE and BSE after SEBI’s approval.
ii. This merger was proposed and drafted by the board of directors of both the companies on October 2017.
iii. IndusInd Bank would acquire BFIL through all stock deal.
iv. BFIL caters to the weaker section of society and has is present across 16 states covering 1 lakh villages.
IMPORTANT DAYS
World Environment Day
i. On June 5, 2018, To commemorate the World Environment Day the Minister of State for Environment , Forest and Climate Change Mr. Mahesh Sharma inaugurated a total of 3 thematic sessions on the theme of ‘ Beat Plastic Pollution’ at VigyanBhawan in New Delhi. These sessions were presented in collaboration with Confederation of Indian Industry (CII) and European Union (EU).
ii. A 5 day conference on 4 sessions commenced in VigyanBhawan inaugurated by Minister of Environment, Forest and Climate Change Dr. Harsh Vardhan in collaboration with UN Environment.
iii. Conference of the State Environment Ministers was held at VigyanBhawan in New Delhi. It was presided by the Minister of State for Environment , Forest and Climate Change Mr. Mahesh Sharma .
iv. MoS Dr Jitendra Singh inaugurates an event organized to start a mass movement against plastic pollution………………………………………...Click here to Read more
International Day for the Fight against Illegal, Unreported and Unregulated Fishing – 5 June
On 5th June 2018, International Day for the Fight against Illegal, Unreported and Unregulated Fishing was observed.
International Day for the Fight against Illegal, Unreported and Unregulated Fishing:
i. In December 2017 the UN General Assembly declared 5 June as the “International Day for the Fight Against Illegal, Unreported and Unregulated Fishing.”
ii. Illegal, Unreported and Unregulated Fishing affects conservation and management efforts taken for fisheries, affecting the profits and livelihoods of the fishermen.
iii. This day highlights the negative effects of Illegal, Unreported and Unregulated Fishing and the need to stop it.
iv. UN also declared 2022 as the International Year of Artisanal Fisheries and Aquaculture, to focus on small-scale fishermen and women who comprise 90 % of the world’s fisheries work force.
Some important sea ports in India:
♦ Marmagao port- Goa
♦ Cochin Port- Kerala
♦ Tuticorin Port- Tamil Nadu