Current Affairs June 3 2019

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INDIAN AFFAIRS

Two-day Yoga Mahotsava celebrated in New Delhi

  • On June 1, 2019, As a Curtain Raiser for International Day of Yoga (IDY) 2019 which is celebrated on June 21, a two-day Yoga Mahotsava was inaugurated by Shri Rajeev Kumar, Vice-Chairman of Niti Ayog at New Delhi.
  • The Yoga Mahotsav-2019 was organized by Morarji Desai National Institute of Yoga (MDNIY) under Ministry of AYUSH(Ayurvedic, Yoga, and Naturopathy, Unani, Siddha, and Homeopathy). The theme of IDY 2019 in India is “Yoga for Heart”…………………………….Click here to Read more

Elephanta Festival kicked off in Mumbai
Elephanta festival, a two day festival of art and culture organized by Maharashtra Tourism Development Corporation (MTDC) held on Elephanta-Gharapuri (island), Mumbai to promote tourism and culture in Maharashtra. The festival was inaugurated by tourism minister Jaykumar Rawal on Gateway of India.
Key points:
i. The theme for this year is ‘Swarang’
ii. Elephanta caves located on this island are UNESCO world heritage sites. They are a collection of cave temples mostly dedicated to Lord Shiva.
iii. The Elephanta festival was started in the year 2012 to celebrate the heritage and culture of the city.
About Maharashtra:
♦ Capital – Mumbai
♦ Chief Minister – Devendra Fadnavis
♦ Governor – Vidyasagar Rao
♦ National parks – Chandoli National Park, Gugamal National Park, Nawegaon National Park,Sanjay Gandhi National Park, Tadoba National Park.
♦ Ports – Jawaharlal Nehru Port, Mumbai Port

INTERNATIONAL AFFAIRS

Indians ranked 2nd among Bleisure Travelers Globally as per the study of Booking.com

  • Indians were ranked 2nd among Bleisure Travelers across 31 countries as per the study of Booking.com. In 2018, 72% of Indian travelers extended their business trips. Bleisure is a new trend which means business and leisure trips.
  • Thai travelers were ranked 1st with 80%………………………………………..Click here to Read more

BANKING & FINANCE

As per RBI, Bank frauds reached unprecedented Rs 71,500 crore in 2018-19

  • The Reserve Bank of India(RBI) has reported that bank frauds have been reached to Rs 71,500 crore in 2018-19 with over 6,800 cases. In 2017-18, 5,916 cases were reported by banks which involved Rs 41,167.03 crore.
  • RBI’s data reported that in the last 11 fiscal years, 53,334 cases of fraud were reported by banks involving the amount of Rs 2.05 lakh crore………………………………………….Click here to Read more

RBI initiated Financial Literacy Week from June 3-7, 2019
The Reserve Bank of India (RBI) has initiated Financial Literacy (FL) Week from June 3-7, 2019. The theme of the event is “Farmers” and how they benefit by being a part of the formal banking system. Financial Literacy Week is an initiative of RBI to promote awareness about financial products and services, good financial practices, going digital and consumer protection..
Key Points:
i. The booklet FAME (Financial Awareness Messages) provides basic financial literacy messages for the information of general public.
ii. Financial literacy content for five target groups’ viz. Farmers, Small entrepreneurs, School children, Self Help Groups and Senior Citizens that can be used by the trainers in financial literacy programmes was developed by RBI.
iii. Three Audio Visuals viz, “Basic Financial Literacy”, “Unified Payments Interface” and “Going Digital” was also designed for the benefit of general public.
iv. Two Posters, “UPI (Unified Payment Interface)” and “*99# (Unstructured Supplementary Service Data)” explain the concept of digital payments space.
v. Pictorial booklets describing savings and banking concepts was published under the title ‘Raju’ and the role and functions of the Reserve Bank was explained under the title ‘Money Kumar’ .
About RBI:
♦ Headquarters: Mumbai
♦ Governor: Shaktikanta Das
♦ Deputy Governors: BP Kanungo, N S Vishwanathan, Viral Acharya, and Mahesh Kumar Jain

Prices of SGBs for 2019-20 fixed at Rs 3,196 per gram
The Government has fixed the price of Sovereign Gold Bonds (SGBs)-Series I for 2019-20 at Rs 3,196 per gram with settlement date June 11, 2019. They will be opened for subscription from June 03 to June 07, 2019.
Key Points:
i. In consultation with RBI, the Government has decided to allow a discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode. To them, the issue price is Rs 3,146 per gram of gold.
ii. RBI has published a calendar for issuance of SGBs for the first half of the current financial year.
iii. SGBs will be issued every month from June 2019 to September 2019.
About SGBs:
It was launched in November 2015 with an objective to reduce the demand for physical gold and to shift a part of the domestic savings used for the purchase of gold into financial savings. They are denominated in units of one gram of gold and multiples thereof. The minimum investment in the bonds is 1 gram with a maximum limit of subscription of 500 gram per person per fiscal year (April-March). Maximum limit of subscription is 4 kg for Individuals & Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities per fiscal. The annual ceiling will include bonds subscribed under different tranches during initial issuance by the government and those purchased from the Secondary Market.

BUSINESS & ECONOMY

ONGC overtakes IOC to become a most profitable PSU
India’s top oil and gas producer, ONGC (Oil and Natural Gas Corporation) has become India’s most profitable Public sector Undertaking after surpassing Indian Oil Corp (IOC).

ONGCii. For the fiscal year ended March 31, 2019, ONGC reported a 34 percent jump its net profit to Rs 26,716 crore. This profit is much higher than IOC’s (Indian Oil Corporation) reported a profit of Rs 17,274 crore.
Key points

  • Previous records: In the previous two financial years ONGC lost the profitable tag to IOC. IOC had in the previous 2017-18 fiscal posted a record net profit of Rs 21,346 crore. But ONGC had a net profit of Rs 19,945 crore.
  • Top Giant: Reliance has been India’s most profitable company for the fourth year in a row with its net profit of Rs 39,588 crore in FY19. It is now India’s biggest firm in terms of revenue, profit, and market capitalization.

About ONGC:
♦ CMDShashi Shanker
♦ HeadquartersVasant Kunj, Delhi

AWARDS & RECOGNITIONS

Ex-President Pratibha Patil awarded Mexico’s highest civilian award
Former president of India, Pratibha Patil was honored with the highest civilian award of Mexico termed “Orden Mexicana del Aguila Azteca” (Order of the Aztec Eagle).

Pratibha Patil awarded Mexico’s highest civilian awardii. The award was presented by Ambassador of Mexico to India, Melba Pria.
iii. She becomes the second Indian after the late President S. Radhakrishnan granted this honour.
Orden Mexicana del Aguila Aztec :
It is given by the Mexico Government to noteworthy people for strengthening the bilateral relations between Mexico and other countries. Also, who has made a major contribution in various fields, service to their country or its people.
About Pratibha Patil
She had created history by becoming the first woman President.
She was 12th President of India and was in office from 2007 to 2012.

APPOINTMENTS & RESIGNS

Nayib Bukele to be sworn as President of El Salvador
Nayib Bukele, a conservative businessman sworn in as the President of El Salvador, a small Central American nation, by the speaker of National Assembly. He will succeed Salvador Sanchez Ceren, a leftist former guerrill.

Nayib BukeleAbout El Salvador:
♦ Capital – San Salvador
♦ Currency – United States Dollar

RBI approved the appointment of Rakesh Makhija as Chairman of Axis Bank
On June 3, 2019, The Reserve Bank of India (RBI) approved the appointment of Rakesh Makhija as the Non-Executive (Part-Time) Chairman of Axis Bank for a period of 3 years, with effect from July 18, 2019, to July 17, 2022. He will succeed current Axis Bank Chairman Sanjiv Mishra, whose term will end on July 17.

Rakesh MakhijaKey Points:
i. In March, the board of Axis Bank had approved the appointment of Rakesh  Makhija as the Chairman subject to RBI clearance.
ii. In his career of over 4 decades, he was an active participant and contributor to the industrial and technology sectors, in India and abroad.
iii. He was the Chief Executive Officer (CEO) and Managing Director(MD) of Tata Honeywell Ltd. He has also held a number of top management positions within the SKF Group.

National Security Adviser (NSA) Ajith Doval gets Cabinet rank with an extension of Five more years
The Government of India reappointed Ajith Doval as National security Advisor (NSA) for 5 years as well as given upgraded position from the minister of state to a Cabinet rank.

National Security Adviser (NSA) Ajith Dovali. This is for the first time that an NSA has been given cabinet rank.
ii. The reason for this recognition is that under Doval, who was earlier Minister of State, the 2016 surgical strikes after the Uri attack and the 2019 Balakot strikes after the Pulwama terror attack took place.
About Doval
He was appointed as NSA in 2014.
He is a 1968-batch IPS officer and former chief of the Intelligence Bureau.

SCIENCE & TECHNOLOGY

Indian Navy deployed anti-piracy patrol

  • Indian Navy has deployed its P-8 India(P-8I) long-range maritime surveillance aircraft for anti-piracy sorties from Salalah in Oman to patrol the Gulf of Aden and other piracy prone areas. This is an expansion of its Mission Based Deployments(MBD) in the Indian Ocean Region (IOR) to keep them safe.
  • India has been conducting anti-piracy sorties in the Gulf of Aden since 2008……………………………………………Click here to Read more

Army commissioned air quality monitor at Fort William as a part of ‘Go Green’ initiative
Army commissioned “Continuous Ambient Air Quality Monitoring System (CAAQMS)”, an air quality monitor, at Fort William Military Station, Kolkata, as a part of ‘Go Green’ initiative. It monitors air pollution on a real-time basis.
Key Points:
i. It was commissioned by Lt Gen M M Naravane, General Officer, Commanding-in-Chief, Eastern Command.
ii. CAAQMS displays wind speed, direction, ambient temperature, relative humidity, solar radiation, barometric pressure, and rain gauge.
iii. It can be used by the West Bengal Pollution Control Board or any other local or international weather monitoring bodies.
iv. The collected data can be monitored on the internet and collated into different desired formats.
About Indian Army:
♦ Chief of Army Staff: General Bipin Rawat
♦ Motto: Service Before Self
♦ Headquarters: New Delhi

SPORTS

Liverpool smashes Tottenham Hotspur to win champions league trophy
Liverpool football team has beaten Tottenham Hotspur by 2-0 to claim 2018–19 UEFA (Union of European Football Associations) Champions League for the sixth time in Madrid, Spain.  It was the 64th season of the tournament organized by UEFA, and the 27th season since it was renamed from the European Champion Clubs’ Cup to the UEFA Champions League.
Key highlights:
i. Now, Liverpool will play against Chelsea, the winners of the 2018–19 UEFA Europa League, in the 2019 UEFA Super Cup that will be held in August 2019 in Istanbul.  The team is also qualified for the 2019 FIFA Club World Cup to be held in December at Qatar.

OBITUARY

Veteran actress and singer Ruma Guha Passes away
Bengali singer-actress Ruma Guha Thakurta died at her Baliganj residence in Kolkata following old age-related problems at the age of 84. She was born in 1934 in Kolkata, West Bengal.

Ruma Guha Passes awayii. She is best known for her roles in hindhi and Bengali movies such as Ganashatru and Abhijan.
iii. She is the founder of the Calcutta Youth Choir (CYC), which played a important role in popularizing Bengal songs. In 1974, the CYC, under her direction, won the first prize at the Copenhagen Youth Festival.

IMPORTANT DAYS

World Bicycle Day observed on  June 3
World Bicycle Day is observed annually on June 3rd to promote the use of bicycle daily in this current era of modern automobiles. The main aim of this day is to recognize the bicycle as a clean, affordable and environment-friendly mode of transport.

World Bicycle DayKey points:
i. The first World Bicycle Day was celebrated by the United Nations on April 12th 2018.
ii. The man behind the celebration of this day is professor Leszek J. Sibilski, a member of Polish national cycle team for ten years.
iii. Logo of this day is an image of white and blue colour with cyclist riding around the globe with the inscription #June3WorldBicycleDay below.

STATE NEWS

Satish Chandra Verma appointed as Advocate General of Chhattisgarh
The government of Chhattisgarh has appointment Sathish Chandra Verma as it’s new Advocate General (AG) with immediate effect succeeding Kanak Tiwari. He was previously working as Additional Advocate General of the state. He has been appointed by the Governor of Chhattisgarh after exercising the powers conferred by Clause (1) of Article 165 of the constitution of India.

Satish Chandra VermaAbout Chhattisgarh:
♦ Capital – Raipur
♦ Chief Minister – Bhupesh Baghel
♦ Governor – Anandiben Patel
♦ National Parks – Kankerghati National Park, Indravati National Park, Kanger Valley National Park

Free rides scheme for women’s in Delhi
Chief Minister of Delhi, Arvind Kejriwal has announced free rides in Delhi metro and Delhi Transport Corporation (DTC) for women to ensure safety and make transport with higher fare affordable. This project will cost Rs 700 crores to the Delhi government. This subsidy is to be optional and planned to be implemented in two or three months.
About Delhi:
♦ Capital – New Delhi
♦ Chief Minister – Arvind Kejriwal
♦ Governor – Anil Baijal

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