Weekly Current Affairs One Liners (01 July - 08 June) 2018: Download Now

Weekly Current Affairs One Liners (01 July - 08 June) 2018: Download Now

Weekly Current Affairs One Liners (01 July - 08 June) 2018: Download Now

The one liner of the week is a recap of the important happenings that occurred Weekly Current Affairs One Liners (01 July - 08 June) 2018: Download Now

BANKING & ECONOMY
  • Gross Domestic Product (GDP) and Consumer Price Index (CPI) base year to be changed to 2017-18 and 2018, respectively, during 2019-20.
    • At present, the base year for GDP is 2011-12, while it is 2012 for CPI.
  • ICICI Bank said its mortgage loan portfolio crossed the Rs 1.5-trillion milestone, making it the largest private player in the segment.
  • Yes Bank has received approval from capital markets regulator SEBI to start mutual fund business.
  • The Central Board of Indirect Taxes and Customs (CBIC) developed mobile app ‘GST Verify’ to protect interest of consumers.
  • Union Cabinet has approved extension of scheme of recapitalization of Regional Rural Banks (RRBs) for next three years (upto 2019-20).
    • It will enable RRBs to maintain minimum prescribed Capital to Risk Weighted Assets Ratio (CRAR) of 9%.
  • The Sunil Mehta committee, formed with a view to tackle Non-Performing Assets (NPAs) and creating credit capacity, has submitted its report with recommendations to Union Finance Minister Piyush Goyal.
    • The panel presented project 'Sashakt' and has recommended a five-pronged strategy to deal with NPAs in the country’s banking system.
  • International Finance Corp. (IFC), the private sector investment arm of the World Bank, has invested $100 million in Mahindra & Mahindra Financial Services Ltd. (Mahindra Finance).
  • The Reserve Bank of India (RBI) has issued a licence to Bank of China to operate in India.
  • The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 735.53 crore under Rural Infrastructure Development Fund (RIDF) to West Bengal during the first quarter of 2018-19.
  • Index of Eight Core Industries registers 3.6% growth in May 2018.
  • The Banks Board Bureau (BBB) recommended 15 executive directors to be elevated as managing directors (MD) at various public sector banks (PSBs).
  • The Income Tax Department launched instant Aadhaar-based e-PAN allotment service for individuals seeking PAN (Permanent Account Number) service for the first time.

NATIONAL NEWS
  • The apex body of Indian IT industry, NASSCOM (National Association of Software & Services Companies) has opened Centre of Excellence for Data Science and Artificial Intelligence (CoE-DSAI) in Bengaluru, Karnataka.
  • The International Round Table Conference on 'Data for New India' has been inaugurated by D.V. Sadananda Gowda in New Delhi.
  • The Supreme Court in its latest ruling has once again upheld Chief Justice of India (CJI) as 'Master of Roster'.
  • State-owned telecom operator, Bharat Sanchar Nigam Limited (BSNL) announced soft launch of its first Internet telephony service Wings in India.
  • Airports Authority of India (AAI) is going to set up state-of-the-art Civil Aviation Research Organization (CARO) at Hyderabad’s Begumpet Airport.
  • The Union Ministry of Environment, Forests and Climate Change (MoEFCC) has declared the 438 sq. km. of area around Mudumalai Tiger Reserve (MTR), Tamil Nadu as an Eco-Sensitive Zone (ESZ).
  • According to the recent study by researchers, if Indian farmers make big switch from growing rice and wheat to alternative cereals such as maize, sorghum and millet, it could reduce demand for irrigation water by 33%.
  • The Law Commission of India (LCI) in its recent report named, 'Legal Framework: Gambling and Sports Betting including Cricket in India', recommended that gambling and betting on sports be allowed as regulated activities.
  • The Union Ministry of Coal launched Coal Mine Surveillance & Management System (CMSMS) and Mobile Application 'Khan Prahari'.
  • The Union govt constituted a ministerial panel headed by the finance minister to decide about fund allocation for infrastructure projects from the Central Road and Infrastructure Fund (CRIF) announced in the budget.
  • The National Security Guard (NSG) is the first central paramilitary force to opt for e-ticketing instead of the railway warrant under an agreement signed with the IRCTC.
  • India will host the 19th edition of IUFoST World Food Science and Technology Congress 2018 in Navi Mumbai from Oct 23-27, 2018 with the theme, "25 Billion Meals a Day by 2025 with Healthy, Nutritious, Safe and Diverse Foods".
  • The govt has approved a substantial increase in the minimum support price (MSP) of most kharif crops, which will cost the exchequer more than Rs 15,000 core.
  • The Election Commission of India (ECI) has launched Cvigil mobile application for citizens to report any violation of the Model Code of Conduct (MCC) during elections.
  • The Khadi and Village Industries Commission (KVIC) has launched its in-house developed, single-umbrella e-marketing system named Khadi Institution Management and Information System (KIMIS) in New Delhi.
  • Numaligarh Refinery Ltd (NRL) in Assam has become the first oil public sector undertaking (PSU) in India to adopt an online legal compliance system by introducing ‘Legatrix’.
  • The 9th Heads of Mission Conference has been inaugurated by External Affairs Minister Sushma Swaraj in New Delhi with the theme 'Unprecedented Outreach: Unparalleled Outcomes'.
  • According to Nikkei Manufacturing Purchasing Managers’ Index (PMI), compiled by IHS Markit, India’s manufacturing growth has jumped to six-month high in Jun 2018.

STATE NEWS
  • The Uttarakhand High Court has accorded the status of “legal person or entity” to animals in the State, saying “they have a distinct persona with corresponding rights, duties and liabilities of a living person.”
  • The Kerala govt constituted Rani George panel comprising eminent writers and language experts to choose an official song for the state.
  • The United Nations Educational, Scientific and Cultural Organisation (UNESCO) is planning to set up ‘Design University for Gaming’ in Visakhapatnam, Andhra Pradesh.
  • 'Pandharichi Wari' is recognised as the the most important pilgrimage of Maharashtra.
  • The famous cultural festival "Behdienkhlam 2018" has been celebrated at the small peripheral town of Jowai, the District headquarters of Jaintia Hills District in Meghalaya with joy and religious fervour.
  • The Madhya Pradesh govt launched an outstanding power bill waiver scheme and subsidised power scheme 'Sambal' for labourers and poor families.
  • The second capital of Maharashtra, Nagpur has hosted the Monsoon session of the state Legislature after a gap of 47 years.
  • The country’s first e-waste recycling unit will come up in Bengaluru.
    • It has been announced by Union minister of chemicals and fertilisers Ananth Kumar.
  • The Delhi Chief Minister Arvind Kejriwal in the presence of the Dalai Lama has launched ‘Happiness Curriculum’ which includes meditation, moral values and mental exercises for its school students.
  • India's first dedicated ‘Khadi Mall’ is going to be set up by the Jharkhand govt to boost market for khadi and khadi made products.
  • The Bhitarkanika National Park (BNP) of Odisha becomes the largest habitat of the endangered estuarine crocodiles in India with a record number of their nesting sites spotted in it.
  • Two building clusters of Victorian Gothic and Art Deco architectural styles in Mumbai, Maharashtra have been jointly inscribed in UNESCO World Heritage List.
  • Kerala Govt declared Kozhikode and Malappuram districts free from Nipah virus infection.

INTERNATIONAL NEWS
  • The 8th edition of International Convention of Saurashtra Patel Cultural Samaj held in California, United States.
  • The Fifth Committee (Administrative and Budgetary) of United Nations General Assembly (UNGA) approved US $6.69 billion budget for 13 peacekeeping operations for year 2018-19.
  • The world's first all-digital art museum has opened at the MORI Building Digital Art Museum in Japan's Tokyo.
  • United Nations Secretary-General Antonio Guterres appointed Major General José Eladio Alcain of Uruguayan Army as Head of Mission and Chief Military Observer Group in India and Pakistan (UNMOGIP).
  • The 5th Regional Comprehensive Economic Partnership (RCEP) intersessional ministerial meeting has been held in Tokyo, Japan.
  • The ninth and final meeting of Eminent Persons Group (EPG) on India-Nepal relations has concluded in Kathmandu, capital city of Nepal.
  • The 42nd session of World Heritage Committee (WHC) meeting of United Nations Educational, Scientific and Cultural Organization (UNESCO) has been concluded in Manama, Bahrain.

SCIENCE & DEFENCE
  • The Indian Space Research Organisation (ISRO) has successfully conducted the first test of Crew Escape System that provides escape mechanism for astronauts if the launch operation is aborted.
  • The standing committee of National Board for Wildlife (NBWL) added four species- Northern River Terrapin, Clouded Leopard, Arabian Sea Humpback Whale and Red Panda into Centre’s Recovery Programme for Critically Endangered Species.
  • Major General Vikram Dogra become the first serving Indian Army officer and the only General across the world to have successfully completed a gruelling ‘Ironman’ competition held in Klagenfurt, Austria.
  • Indigenous fighter aircraft Tejas of No 45 Squadron 'The Flying Daggers' formally commenced its operations from Sulur Air Force Station, Andhra Pradesh.
  • The Maulana Azad Institute of Dental Sciences (MAIDS) under the Govt of NCT of Delhi ranked the 'Best Dental College' in India for the 7th consecutive year.
  • The United Nations Educational, Scientific and Cultural Organization (UNESCO) inscribed Colombia’s
  • Chiribiquete National Park (CNP) on its list of world heritage sites.

APPROVALS & MOUS
  • The Union Cabinet approved the DNA Technology (Use and Application) Regulation Bill 2018.
  • The Union Cabinet approved India's accession to WIPO Copyright Treaty, 1996 and WIPO Performers and Phonograms Treaty, 1996 which extends coverage of copyright to the internet and digital environment.
  • The Apex Court has extended deadline for publication of final draft of Assam’s National Register of
  • Citizens (NRC) from earlier Jun 30, 2018 to Jul 31, 2018.
  • The Bombay Stock Exchange (BSE) has signed Memorandum of Understanding (MoU) with the Bombay Metal Exchange (BME) for the growth and systematic development of commodity derivatives markets in the non-ferrous metals complex.
  • India agreed to provide tariff concessions on 3,142 products to Asia Pacific Trade Agreement (APTA) members, from Jul 1, 2018.
  • The first meeting of the Cauvery Water Management Authority (CWMA) has been held at Central Water Commission (CWC) office in New Delhi to resolve disputes over sharing of river water among Tamil Nadu, Karnataka, Kerala and Puducherry.
    • The meeting of the 9-member Authority was chaired by the CWC Chairman S Masood Hussain, who is also heading the Cauvery Authority.
  • The Union Govt constituted 13-member Committee for Sub-National Accounts to upgrade the norms for computation of economic data at states and districts level in backdrop of plans to revise the base year for National Accounts or Gross Domestic Production (GDP) calculation.
    • It will be headed by Ravindra H Dholakia, a retired professor of IIM Ahmedabad.

APPOINTMENTS
  • Chairperson of NGT: Justice Adarsh Goel    
  • CJ of the Hyderabad HC: Justice Thottathil Bhaskaran Nair Radhakrishnan        
  • Member of Broadcasting Content Complaints Council: Uday Kumar Varma         
  • Chancellor of University of Hyderabad: Justice L Narasimha Reddy          
  • Head of the Drug Enforcement Administration: Uttam Dhillon      
  • DG of Ordnance Factories: P.K. Shrivastava
  • Chairman of Payments Council of India (PCI): Vishwas Patel
  • Chairman and MD of SAIL: Saraswati Prasad
  • President of Delhi and Districts Cricket Association (DDCA): Rajat Sharma
  • Chairman of Central Board of Indirect Taxes and Customs (CBIC): S Ramesh

BOOKS
  • The novel 'Eleventh Hour', authored by Crime writer Hussain Zaidi has been launched to pay tribute to the men in uniform.

AWARDS
  • Angela Ponce from Seville has become the first-ever transgender woman to be crowned Miss Universe Spain, after beating 22 contestants.
  • A fisherman from Maharashtra’s Palghar district, Milan Shankar Tare has been selected for the 2018 National Maritime Search and Rescue Award.
  • Madhya Pradesh Govt conferred prestigious National Kalidas Samman on noted artist Anjolie Ela Menon for her contribution to visual arts.

SPORTS
  • The former India captain, Mahendra Singh Dhoni becomes the 3rd Indian cricketer to reach the coveted milestone of playing 500 international matches.
  • Indian Wrestler, Bajrang Punia from India clinched gold in the 65kg category at the 2018 Tbilisi Grand Prix tournament by defeating Iranian wrestler Mehran Nasiri in the final in Georgia.
  • Malaysian shuttler Lee Chong Wei won the Malaysian Open Badminton men’s singles title for a historic 12th time.
  • Former Indian captain Rahul Dravid and former Australian captain Ricky Ponting have been inducted into the ICC Cricket Hall of Fame for their stupendous achievements in international cricket.
  • Indian Kabaddi team has clinched the Kabaddi Masters Dubai 2018 title by defeating Iran 44-26 in the summit clash in Dubai.

IMPORTANT DAYS
  • Jul 07: International Day of Cooperatives - 'Sustainable societies through cooperation'    
  • Jul 01: National Doctors’ Day - "Zero tolerance to violence against doctors and clinical establishment"

OBITUARY
  • Veteran journalist: J N Sadhu
  • Famous Kumaoni folk singer: Kabutari Devi 
  • Tony Award Winner: Liliane Montevecchi
  • Former Chief of the Naval Staff: Admiral Jayant Ganpat Nadkarn



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