06 June 2018 - Daily Current Affairs

06 June 2018 - Daily Current Affairs

06 June 2018 - Daily Current Affairs

RBI hikes repo rate by 25 basis points to 6.25%

  • Today, Reserve Bank of India (RBI) has announced its second Bi-monthly Monetary Policy Rates for 2018-19 in Mumbai.
  • The Bi-monthly policy has been released based on the assessment of the Monetary Policy Committee of the Reserve Bank of India (RBI).
  • Increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points (100 bps=1 prcentage point) to 6.25%.
  • The reverse repo rate under the LAF stands adjusted to 6.0%.
  • The marginal standing facility (MSF) rate and the Bank Rate to 6.50%.
  • Cash Reserve Ratio (CRR) remains unchanged at 4%.

National Affairs

Polythene to be completely prohibited from 31st July in Uttarakhand

  • According to Uttarakhand Chief Minister Trivendra Singh Rawat, Polythene will be completely prohibited from 31st July in the state.
  • All the polythene vendors have been asked to finish the polyethene stock before 31st July.
  • A comprehensive public awareness campaign will be launched on environmental damage caused by polythene, one week before the entire ban on polythene in the state.

Maharashtra announces financial aid for tur farmers

  • Maharashtra government will provide the financial grant of 1,000 rupees per quintal to those farmers whose tur and gram could not be purchased by the administration before the 31st May.
  • The state government had set up tur procurement target of 44.6 lakh quintals.
  • The state government will also give a financial aid of 160 crore rupees to farmers whose crops got damaged due to unseasonal rain or hailstorm.
  • The state cabinet also approved the state's contribution in the implementation of the National Nutrition Mission 2018-19 in 85,452 Anganwadi centres across 30 districts of the state, under the Integrated Child Development Scheme (ICDS).

Bihar govt launches new crop insurance scheme with effect from Kharif (monsoon) this year

  • The Bihar government has launched a new crop insurance scheme with effect from Kharif (monsoon) this year.
  • The Bihar State Crop Assistance Scheme replaces the existing system of crop insurance.
  • Under the scheme, farmers would be paid a compensation of Rs. 7500 per hectare, if less than 20% of the standing crop is damaged and Rs. 10,000 in case damage is more than 20%.
  • Farmers do not have to pay any premium as per the scheme.

Cabinet approves a package for sugar mills to clear farmers' dues

  • The Union Cabinet chaired by Prime Minister Narendra Modi cleared a package for the sugar industry to ensure cash-starved mills clear dues to sugarcane farmers.
  • Earlier, The Food Ministry had sent a proposal of eight thousand crore rupees package to the Cabinet.
  • Last month, the government had announced over 1,500 crore rupees production-linked subsidy for sugarcane farmers to help millers pay cane payments.

Geo-Intelligence Asia - 2018

  • The Geo-Intelligence Asia 2018 (Eleventh edition) has been organised by Geo Spatial Media and Communication with Directorate General of Information System as Knowledge Partners and Military Survey as Co-organisers, at Manekshaw Centre, New Delhi.
  • The theme of Seminar was ‘Geo Spatial: A Force Multiplier for Defence and Industrial Security’.
  • The seminar brought together the military, security officials including BSF and Police Forces, Government and industry together to examine the latest technology solutions.

Obituaries

Fashion designer Kate Spade found dead in New York

  • American fashion Designer Kate Spade (55-year) was found dead in her Park Avenue apartment in New York after committing suicide.
  • Spade first worked as a journalist, launched her eponymous fashion label in 1993 with her husband Andy and the help of outside investors.

Honours & Awards

Corporation Bank bags Investor Relations Award

  • Corporation Bank has bagged ‘Investor Relations Awards 2018’ under the category Best Expectation Management (Mid Cap) for the financial year 2017-18.
  • Corporation Bank General Manager U. Chandrakanth Nayak received the award at the award ceremony in Mumbai.

International Affairs

Singapore's Sentosa island to be the venue for Trump & Kim Jong Un summit

  • Singapore's Sentosa Island ‘The Capella Hotel’ will be the venue for the 12th June summit between US President Donald Trump and North Korean leader Kim Jong Un.
  • According to Trump, his meeting with Kim would hopefully be the start of something big.
  • Trump hopes to secure a nuclear deal with the North Koreans.

International Appointments

BAFTA appoints Dame Pippa Harris as Chairman

  • Veteran producer Pippa Harris has been appointed as the new chairperson of British Academy of Film and Television Arts (BAFTA) for two years.
  • She will succeed Jane Lush.
  • Earlier, she was the deputy chair of BAFTA.
  • She has been closely involved with BAFTA for 10 years and joined the Board of Trustees as Deputy Chair of the Film Committee in 2011.
Note:
  • The BAFTA Film Awards are presented in an annual award show hosted by the British Academy of Film and Television Arts (BAFTA) to honour the best British and international contributions to film.
  • These awards are the British equivalent of the Academy Awards.

Ecuador's foreign minister becomes U.N. General Assembly president

  • Ecuadorean Foreign Minister Maria Fernanda Espinosa has been elected as the United Nations General Assembly President of its 73rd session beginning in September 2018.
  • Espinosa will become the fourth woman to hold the UNGA presidency.
  • The previous women leaders of the Assembly were Vijaya Lakshmi Pandit (India) in 1953, Angie Elisabeth Brooks (Liberia)in 1969 and Sheikha Haya Rashed Al Khalifa (Bahrain) in 2006.
Note:
  • The President of the United Nations General Assembly is a position voted for by representatives in the United Nations General Assembly (UNGA) on a yearly basis. T
  • The President presides over the sessions of the General Assembly.

Jordan king appoints Omar Razzaz as new Prime Minister

  • Jordan’s King Abdullah II has appointed Omar Razzaz as a new prime minister in hopes of quelling the largest anti-government protests in recent years.
  • Razzaz replaced Hani Mulki.
Note:
  • The Prime Minister of Jordan is the head of government of the Hashemite Kingdom of Jordan.
  • The Prime Minister is appointed by the King of Jordan, who is then free to form his own Cabinet.
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