Current Affairs June 10 2019

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INDIAN AFFAIRS

I&B Ministry instituted AYDMS to be given to commemorate International Yoga Day
To recognise the contributions made by media in spreading awareness about Yoga and for promotion and commemoration of International Yoga Day which is held every year on June 21, The Ministry of Information and Broadcasting (I&B) headed by the Minister Prakash Javadekar instituted a new award called Antarashtriya Yoga Diwas Media Samman (AYDMS) from year 2019.
Key Points:
i. 33 Sammans under Three categories will be conferred.

  • 11 Sammans will be conferred in 22 Indian languages and English under category “Best Media Coverage of Yoga in Newspapers”.
  • 11 Sammans will be conferred in 22 Indian languages and English under category “Best Media Coverage of Yoga in Television”.
  • 11 Sammans will be conferred in 22 Indian languages and English under category “Best Media Coverage of Yoga in Radio”……………………………………..Click here to Read more

15th Finance Commission held a meeting with representatives of ADCs of Meghalaya
On June 4, 2019, 15th Finance Commission headed by the Chairman Shri N.K. Singh held meeting with the representatives of Autonomous Development Councils (ADCs) of Meghalaya as part of its visit to the State. There are 3 ADCs in Meghalaya namely the Khasi Hills Autonomous District Council, the Garo Hills Autonomous District Council and the Jaintia Hills Autonomous District Council.
Key Points:

  • The Commission was informed that the entire state is covered by the District Councils, except for a small part of the area which is under the Shillong Municipality.
  • Term of the District Councils is 5 years and the last elections to the ADCs were held in February, 2014……………………………………Click here to Read more

India’s first Dinosaur Museum inaugurated in Gujarat
On June 8, 2019, Gujarat Chief Minister Vijay Rupani inaugurated the new Dinosaur Museum-cum-Park at Raiyoli village in Balasinor town of Mahisagar district.

India's first Dinosaur MuseumThis is the first such park in the country and also the world’s third park which exhibits remains of various dinosaurs and fossil records.
Key points:
i. 3D projection, 360 degrees virtual reality presentations, interactive kiosks, gaming consoles are the facilities equipped with the museum.
ii. The ten galleries of the museum exhibit the history of dinosaurs, which existed 65 million years ago, from origin to extinction.
iii. The Tourism Corporation of Gujarat Ltd created the whole infrastructure of the museum.
iv. Raiyoli is familiar as it is the third largest fossil site and the second largest dinosaur hatchery. It contains several dinosaur fossil and egg finds in the 1980s.
v. The state Government will allocate 10cr financial assistance to tourism to promote the site.
About Gujarat:
CapitalGandhinagar
Chief ministerVijay Rupani
Governor: Om Prakash Kohli

INTERNATIONAL AFFAIRS

G20 Ministerial Meeting held in Japan
The G20 Ministerial meeting on Trade and Digital Economy was held on June 8 and 9, 2019 in Tsukuba city, Ibaraki Prefecture, Japan. It is one of the eight Ministerial Meetings. Trade and Economy Ministers of the Group of 20 major economies discussed the ways to reorder trade rules and finances in an era of technological change and protectionism.

  • The Indian delegation for G20 Ministerial Meeting was led by the Union Minister of Commerce and Industry & Railways,Piyush Goyal. He participated in the discussions related to increasing trade and cooperation to harness the potential of digital economy.
  • G-20 surveillance note expected that Indian economy will grow 7.3% in 2019 and 7.5% in 2020. This was prepared by the staff of International Monetary Fund (IMF)………………………………….Click here to Read more

As per UNICEF, 1 in every 5 boys married off before they turn 15
After the first-ever in-depth analysis of child grooms, the United Nations Children’s Fund (UNICEF) study revealed that an estimated 115 million boys and men around the world were married as children. Of which 1 in 5 children (23 million) was married off before the age of 15.

  • The Central African Republic had the highest number of child marriage among males which accounted for 28%, followed by Nicaragua with 19% and Madagascar with 13%
  • The total number of child brides and child grooms were 765 million…………………………Click here to Read more

National Strategy for Wellbeing 2031’ adopted by the Cabinet of UAE
On June 9, 2019, The Cabinet of United Arab Emirates (UAE) adopted a 12-year strategy ‘National Strategy for Wellbeing 2031’ during its meeting at the Presidential Palace in Abu Dhabi. It will be chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

National Strategy for Wellbeing 2031Key Points:
i. The newly adopted strategy has 2 objectives:

  • To make UAE a world leader in quality of life by launching 90 new projects that will improve the physical, psychological and digital health of future generations.
  • To promote an integrated concept of well being by supporting UAE Vision 2021 and UAE Centennial 2071.

ii. ‘National Strategy for Wellbeing 2031’is the development of the first ‘National Well being Observatory’ to support the policy-making process.
iii. It is based on a national framework of 3 main levels namely individuals, society and the country. It comprises of 14 components and 9 strategic objectives, which help in enhancing people’s well being by promoting healthy and active lifestyles, promoting good mental health and adopting positive thinking.
iv. Along with the formation of a National Wellbeing Council to manage and coordinate the national strategy, it will monitor a number of indicators of wellbeing in the UAE, submit regular reports to the UAE Cabinet, propose training programs for government employees and launch of the Academy of Wellbeing future generations.
About UAE:
Capital: Abu Dhabi
Currency: UAE Dirham

African Union suspends Sudan, Demands civil Administration
The African Union (AU) Peace and Security Council has announced that it has suspended Sudan’s participation in all AU activities until the productive establishment of Civilian Government in the country.
The decision was taken at the Peace and Security Council meeting held in Addis Ababa.
The suspension comes after Sudan’s military launched a brutal attack on protesters in the capital, Khartoum.

African Union suspends SudanKey points:
i. AU body warned that further action will be taken place if power is not transferred to civilian authority, a demand of pro-democracy protesters.
ii. The military leadership had taken control over the country after the ouster of Sudan President Omar al-Bashir in April 2019 after months of mass protests.
About  African Union:
i. It is pan-Africa continental union consisting of 55 countries.
ii. It is headquartered in Addis Ababa, Ethiopia.
iii
. It was founded in May 2001 launched in July 2002 in South Africa.
iv. It has official bodies such as Peace and Security Council and Pan-African Parliament.

First Arctic train service launched by Russia
On June 6, 2019, Russia has launched its first tourist train service passing through Russia’s Arctic region. It begins a journey from Saint Petersburg station to Norway with 91 passengers aboard.

First Arctic train serviceKey points:
i. The train has been named as Zarengold  (“The Tsar’s gold” in German).
ii. It has two restaurant cars and the trip will be expected to take 11 days.
iii. The tourists will get off the train at Murmansk, and continue by bus to Kirkenes in Norway before ending their journey with a boat trip to Oslo or by air to the island of Spitsbergen.
iv. The passengers came from seven countries including the US, Germany, Norway, and Russia for the inaugural journey.
v. The train is expected to run twice in 2020 and four times in 2021.
vi. By new trading routes, Russia wants to become the top economic and military power in the Arctic region.

BANKING & FINANCE

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 is ahead of major banks including HDFC Bank, Industrial Credit, and Investment Corporation of India (ICICI) Bank and Punjab National Bank (PNB) in digital transaction target set by the Ministry of Electronics and Information Technology (MeitY).

Paytm Payments BankKey Points:
i. It is only behind the State Bank of India (SBI) which has the highest target for digital transactions.
ii. Only 5 banks have received a target of more than 100 crore transactions. They are HDFC Bank, ICICI Bank, Axis Bank, PNB and Union Bank of India (UBI).
iii. 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.
iv. It processes over Rs 3 lakh crore worth of digital transactions on an annual basis.
v. 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.
About Paytm Payments Bank:
Headquarters: Noida, Uttar Pradesh
Chairman:  Vijay Shekhar Sharma
Tag line: Simplifying Payments for India

State Bank of India to introduce repo-linked home loan product from July 1
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. It means any changes in the key interest rate by the central bank would be passed on directly to the customers.

State Bank of India to introduce repo-linked home loanKey Points:
i. 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 loans linked to its MCLR (Marginal Cost of Funds Based Lending Rate) at 8.55%.
ii. 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%.
iii. Now, 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 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 account balance above Rs 1 lakh, it had set its savings deposit rates to 2.75% below the repo rate.
About SBI:
Headquarters: Mumbai
Chairman: Rajnish Kumar
Founded: July 1, 1955

Foreign Exchange Reserves of India increased by $1.8 billion to $421.8 billion
As per the data of the Reserve Bank of India (RBI), the Foreign Exchange (Forex) Reserves of India increased by $1.875 billion to $421.867 billion in the week ending May 31, 2019. In the previous week, the forex reserves rose by $1.99 billion to $ 419.99 billion.
Key Points:
i. The foreign currency assets rose by $1.946 billion to $394.134 billion.
ii. The foreign currency assets, which is a major component of the overall reserves, include the effect of appreciation/depreciation of non-US units like the euro, pound and yen held in the reserves. They are expressed in terms of dollars.
iii. As per RBI’s data, gold reserves fell by $62.9 million to $22.958 billion, the Special Drawing Rights (SDRs) with the International Monetary Fund(IMF) declined by $2.3 million to $1.443 billion and the country’s reserve position with the fund also declined by $5.3 million to $3.331 billion.
iv. Forex reserves were the highest in the week of April 13, 2018, resulting in $426.028 billion.

AWARDS & RECOGNITIONS

A 16-year-old Climate activist Greta Thunberg wins Amnesty human rights award
Swedish teenage activist Greta Thunberg (16), has won the Amnesty International’s, “Ambassador of Conscience award” for fighting against the peril of global warming.

Greta ThunbergAbout Ambassador of conscience award
i. It instituted in 2003.
ii. It celebrates individuals and groups who have furthered the cause of human rights by showing exceptional courage standing up to injustice and who have used their talents to inspire others.
About Greta Thunberg
i. She is a Swedish teenage climate activist.
ii. She is known for initiating a movement, “Fridays for Future”,  a climate movement that formed in November 2018.
iii. She began protesting outside the Swedish parliament about the need for immediate action to combat climate change in August 2018.
iv. In March 2019, three members of the Norwegian parliament nominated Thunberg for the Nobel Peace Prize.

Former U.S President Jimmy Carter to be honoured with H. W. Bush Award for Statesmanship
Ex-President of United States of America (USA), Jimmy Carter (94) has won the inaugural George H. W. Bush Award. He was awarded in recognition of his contributions to relations between the U.S. and China.
He will receive the award at a private award ceremony which is scheduled on June 12 at the Carter Center in Atlanta.

Jimmy CarterAbout George H. W. Bush Award
i.
It is instituted by George H. W. Bush Foundation.
ii. It is named after George H. W. Bush who was the 41st president of US from 1989 to 1993.
iii. It is given to people who made great contributions to the development of constructive and mutually beneficial relations between the U.S and China.
About Jimmy Carter
i
. Carter has served as University Distinguished Professor at Emory for 37 years.
ii. He is a former governor of Georgia from 1971 to 1975
iii. He served as the 39th president of the United States from 1977 to 1981.
iv. Joint Communiqué on Establishment of Diplomatic Relations was signed on 1 January 1979 during his tenure.

APPOINTMENTS & RESIGNS

Former IKEA Marketing Leader appointed as BharatPe Marketing Head
Delhi based Merchant service and UPI payments appBharatPe have recently appointed Abhishek Singh as its Chief Marketing Officer.

BharatPe Marketing HeadAbhishek Singh played an important role in building World’s largest furniture retailer IKEA’s India setup in August 2018 at Hyderabad,Telangana. He previously worked as a marketing head in IKEA, IPL franchises and Tata Group.
About BharatPe:
i. It was founded by Ashneer Grover and Shashvat Nakrani
ii
. It has established operations in 13 cities, serving over 8 Lakh merchants across Bangalore, Delhi, Hyderabad, Pune, Mumbai, Jaipur, Ahmedabad, Indore, Bhopal, Nagpur, Chandigarh, Mysore, and Visakhapatnam.

Shri P. K. Sinha, Cabinet Secretary received 3 months extension in service
On June 7, 2019, The Appointments Committee of the Cabinet (ACC) approved the extension in service to Shri Pradeep Kumar Sinha, a 1977 batch Indian Administrative Service (IAS) officer of Uttar Pradesh, as Cabinet Secretary for a further period of three months beyond 12.06.2019 or until further orders, whichever is earlier. He was appointed in 2015 for two years. This was his third extension. He became the longest-serving bureaucrat in the post in the last seven decades.

Cabinet SecretaryKey Points:
i. He will be in the office till September 12, 2019. His extension follows the amendment in the All India Services (Death-Cum-Retirement-Benefits) Rules, 1958, which allows an extension in service for a further period, not exceeding three months, beyond the period of four years to the Cabinet Secretary.
ii. He was earlier given two extensions till June 12, 2019. The first extension in 2017 and the second in 2018.
iii. He had succeeded Ajit Seth in 2015.
iv. He has served as secretaries in the ministry of Power and Shipping. Along with this, he has held several other important positions in the central government and state of Uttar Pradesh.

ENVIRONMENT

Mount Sinabung erupts in western Indonesia
On June 9, 2019, Mount Sinabung volcano has been erupted spreading a column of ash at 7 km high in the island of Sumatra in western Indonesia.
It erupted in 2010 for the first time and 2013 in a second time. Mt. Sinabung is among 129 active volcanoes in Indonesia.
About Indonesia:
Capital: Jakarta
Currency: Indonesian rupiah

SPORTS

French Open 2019
The 123rd Edition of French Open 2019, a Grand Slam Tennis Tournament was held from May 26- June 9, 2019, at the Stade Roland Garros in Paris, France. The prize money of the tournament was €42,661,000 and comprised singles, doubles and mixed doubles play.

French Open 2019List of Winners:

EventWinnersRunners
Men’s SinglesRafael Nadal (Spain)Dominic Thiem (Austria)
Women’s SinglesAshleigh Barty (Australia)Marketa Vondrousova (Czech Republic)
Men’s DoublesKevin Krawietz and Andreas Mies (Germany)Fabrice Martin and Jeremy Chardy (France)
Women’s DoublesKristina Mladenovic (France)
Timea Babos (Hungary)
Duan Yingying and Zheng Saisai (China)
Mixed DoublesLatisha Chan (Taiwan)
Ivan Dodig (Croatia)
Gabriela Dabrowski (Canada)
Mate Pavic (Croatia)
Other Facts:
i. Croatia’s Ivo Karlovic, aged 40, became the oldest man to win a Grand Slam match against Spain’s fellow veteran Feliciano Lopez with 7-6(4) 7-5 6-7(7) 7-5 scores.
ii. Rafael Nadal became the first tennis player to win a single event 12 times. He registered the win with 6-3, 5-7, 6-1, 6-1 over Dominic Thiem. This was his 18th Grand Slam Title.
iii. Ashleigh Barty clinched her first Grand Slam singles title and became the first women’s singles player since Margaret Court in 1974 from Australia to win the Roland Garros title with 6-1, 6-3 scores.
iv. Kevin Krawietz and Andreas Mies became the first German pair to win a Grand Slam men’s doubles title with 6-2,7-6 (7-3) scores.

v. Latisha Chan and Ivan Dodig became the first pair in the Open Era to defend the Roland Garros mixed doubles title by defeating Gabriela Dabrowski and Mate Pavic in the final for a second straight year with 6-1, 7-6(5).
About French Open:
Official name: Roland-Garros
Founded: 1925

2019 ITTF world Tour Hong Kong Open
The 2019 Hong Kong Open, a part of the 24th edition of ITTF (International Table Tennis Federation) World Tour was held from 6th to 9th June 2019 at Queen Elizabeth Stadium in Hong Kong. The prize money of the tournament was USD 175000. It comprises Men’s single & doubles and Women’s singles & doubles. Hong Kong Open was first held in 2018.
Winners  list

EventsWinnersRunners
Men’s  SinglesLin Gaoyuan (China)Tomokazu Harimoto (Japan)
Women’s SinglesWang Yidi(China)Mima Ito (Japan)
Men’s DoublesLiang Jingkun and Lin Gaoyuan ( China)Jang Woo-jin and Lim Jong-hoon (South Korea)
Women’s DoublesChen Ke and Mu Zi(China)Jeon Ji-hee and You Eun-chong (South Korea)\
Key Highlights:
i. China
claimed four gold medals at the tournament.
ii. Lin Gaoyuan of China emerged as the most successful player at the event. He secured the Men’s singles title by beating no.2 seed Tomokazu Harimoto of Japan with 11-8, 7-11, 8-11, 11-6, 11-9, 11-7 scores.
iii. Wang Yidi of China, last year under 21 women’s singles title winner secured her first ever ITTF World Tour women’s singles title against Mima Ito of Japan with 11-3, 11-7, 11-5, 11-6 scores.
iv. Liang Jingkun and Lin Gaoyuan, pair win their first Men’s Doubles title by beating Korea Republic’s Jang Woojin and Lim Jonghoon, the no.3 seeds with 6-11, 11-6, 12-10, 11-8 scores.
v.
Chen Ke and Mu Zi, the no.7 seeds, won the Women’s Doubles final title against  Korea Republic’s Jeon Jihee and Yoo Eunchong with 9-11, 11-1, 11-4, 11-5 scores.
vi. In mixed doubles, Lin Yun-ju and Cheng I-ching (Chinese Taipei) has defeated Lee Sang-su and Choi Hyo-joo (South Korea) by 3–0 (11–8, 11–3, 11–7).

OBITUARY

Veteran actor and playwright Girish Karnad passed away at 81
On June 10, 2019, Noted Actor, writer, and playwright Girish Karnad was passed away due to multiple-organ failure in Bengaluru at the age of 81. He was a recipient of 1998 Jnanpith award, 1974 Padma Shri and 1992 Padma Bhushan award for literature.

Girish KarnadKey points:
 i. Girish Karnard was born on May 19, 1938, in Mathern, Maharastra.
ii. He worked in Bollywood and South Indian films. He made his acting and screenwriting debut at the film Samskara, which won the President’s Golden Lotus Award.
iii. Vamsha Vruksha, Ek Tha Tiger and Malgudi days are some movies and TV serial which he played an important role.
iv. He also served as the Director of the Film and Television Institute of India from 1974 to 1975 and the Chairman of the Sangeet Natak Akademi. His autobiography Aadaadtha Ayushya was released in 2011.

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