current-affairs

TODAY’S CURRENT AFFAIRS – 08-JUNE – 2018 – MyProgressCard

Important Days

  1. World brain tumor day: 8th June

World Brain Tumor Day is celebrated by a Germany based association of brain tumor to bring awareness among the public and to educate them on brain tumor, a type of cancer that is not common and most people do not know about it.

World brain tumor day

Image Credit: Consumer Health Digest

2. World Oceans Day being observed globally

  • The World Oceans Day is celebrated on 8 June every year to raise awareness about the role of oceans in our lives.

World-Oceans-Day

Image Credit: National Today

  • This year, the world oceans day is focused on preventing plastic pollution and encouraging policies and methods for a healthy ocean.

Sports News

3. Harry Kane is the most valuable player of the FIFA World Cup 2018

  • The England football team captain Harry Kane is named as the most valuable player for the upcoming FIFA World Cup, which is set to begin from June 14.
  • In the list, Neymar, Brazilian player followed Kane.

Harry Kane is the most valuable player

Image Credit: Times of India

  • The parameters used to estimate the values of each player includes goals scored, club results, age, etc.

4. Sports Minister approves Upward Revision of Pension to Meritorious Sportspersons

  • Minister of Youth Affairs and Sports Col. Rajyavardhan Rathore approved the upward revision of pension to meritorious sportspersons. Under the new rates, the rate of pension has been doubled on winning medals in international sports events.
    The revised pension rates are as follows:
  • The medalists at the Olympic/Para-Olympic Games will now get Rs 20,000 per month (earlier Rs 10000).

Sports Minister approves Upward Revision

Image Credit: THE HANS INDIA

The gold medalists at World Cup/World Championship in Olympic and Asian Games disciplines will get Rs 16,000 per month (earlier Rs 8,000).

  • The silver or bronze medalists at World Cup or World Championship in Olympics and Asian Games disciplines and gold medalists in Asian Games/Commonwealth Games/Para Asian Games will now get Rs14, 000 per month (earlier Rs 7,000).

      • The silver and bronze medalist in Asian Games/Commonwealth Games/Para Asian Games will get Rs 12,000.           

National News

5. MoS for Defence, Dr Subhash Bhamre dedicates 578 m long highway tunnel at Theng near Chungthang in north Sikkim to the nation

  • Minister of State for Defence, Dr. Subhash Bhamre inaugurated a 578 m long Theng tunnel.
  • The motto for the construction of this tunnel is to improve mobility for the tourists and citizens travelling to north Sikkim.
  • Constructed on Gangtok – Chungthang Highway by the Border Roads Organization (BRO), it is the longest tunnel in Sikkim.
    Static/Current implications:
  • Capital of Sikkim – Gangtok
  • CM of Sikkim – Pawan Kumar Chamling
  • Governor of Sikkim – Shriniwas Patil

 6.  Workshop on Skill Development in Port and Maritime Sector under Ministry of Shipping

  • A workshop on “Skill Development in the Port and Maritime Sector” is organised in New Delhi by the ministry of Shipping in association with Deen Dayal Upadhyay Gramin Kaushal Yojana (DDU-GKY) and Ministry of Rural Development.
  • Secretary (Shipping) Sh. Gopal Krishna and MP, Andaman and Nicobar, Sh. Bishnu Pada Ray, together inaugurated the workshop.
  • The workshop highlighted various skill development initiatives undertaken by the Ministry of Shipping.

7. Singapore sign MoU for Amaravati development

  • The AP Capital Region Development Authority (APCRDA) and Singapore-Amaravati Investments Holding Ltd (SAIH) signed a Concession and Development Agreement (CADA) in the presence of Chief Minister N Chandrababu Naidu and Singapore Minister for Communications S Iswaran to develop the start-up area in Amaravati during the 3rd Joint Implementation Committee meeting (JISC) in Vijayawada.

Singapore sign MoU for Amaravati development

Image Credit: THE HANS INDIA

  • The JISC meeting followed by one-on-one meeting between Chandrababu Naidu and Iswaran in which they spoke about the teamwork between the Singapore Consortium and the AP government. After the meeting, Naidu addressing the media said the Singapore-Amaravati Investments Holding Ltd (SAIH) was formed to take forward the start-up area development in Amaravati.

Static/Current implications:

  • Capital of Andhra Pradesh – Amaravathi
  • CM of Andhra Pradesh – N Chandrababu Naidu
  • Governor of Andhra Pradesh – E S L Narasimhan

8.  Punjab govt launches business first portal

  • In order to ensure the ease of doing business in Punjab, Industry Minister Sunder Sham Arora launched a “Business First Portal” in Jalandhar.
  • The online portal is devised to enable the industrialists for Regulatory Clearances and Fiscal Approvals, real-time tracking of applications at a common platform.

Punjab govt launches business first portal

Image Credit: KNN India

  • The Minister said that the state government is committed to ensure 100 percent VAT refund to industrialists by the end of this year.

Static/Current implications:

  • Capital of Punjab –Chandigarh
  • CM of Punjab – Captain Amarinder Singh
  • Governor of Punjab –  V.P. Singh Badnore

9West Bengal Government decides to invest Rs 107 cr to check riverbank erosion

  • The government of West Bengal chose to invest 107 crore rupees to control erosion by concretizing a length of 15km at vulnerable areas along the banks of the Ganga and the Padma.
  • This project is expected to safeguard hundreds of homes of people and also the river bank close to military camps of the Border Security Force on the Indo-Bangladesh border from being weathered away by the strong currents.

West Bengal Government decides to invest

Image Credit: India Trinamool Congress

Static/Current implications:

  • Capital of West Bengal – Kolkata
  • CM of West Bengal – Mamata Banerjee
  • Governor of West Bengal – Kesari Nath Tripathi

10. President Declares ‘Queen Pineapple’ as State Fruit of Tripura

  • President Ram Nath Kovind declared the “Queen Pineapple” as the state fruit of Tripura.
  • He hoped the queen variety pineapple will find good future among different countries including neighbouring Bangladesh and he believed that its export has a good value thus helping the state connect with world trade.

‘Queen Pineapple’ as State Fruit of Tripura

Image Credit: Business Line

Static/Current implications:

  • Capital of Tripura – Agartala
  • CM of Tripura – Biplab Kumar Deb
  • Governor of Tripura – Kesari Nath Tripathi (Additional Charge for WB governor)

Banking News

11. Bank of India ups MCLR by 0.10% from June 10th for various tenors.

  • After RBI’s decision to raise the repo Rate by 25 basis points and increase of MCLRs by other public sector banks, Bank Of India has raised its marginal cost lending rate (MCLR) by 10 basis points or 0.10%.

Static/Current implications:

  • Headquarters of BOI – Mumbai
  • CEO of BOI – Dinabandhu Mohapatra

12. Canara Bank fined ₹8 cr in UK for money laundering breaches

  • UK’s Financial Conduct Authority (FCA) has fined state-owned Canara Bank’s UK division £896,100 (₹8 crore) for breaching anti-money laundering laws.
  • It has also prohibited the bank from accepting new deposits for nearly five months.

Canara Bank fined ₹8 cr in UK for money

Image Credit: NDTV.com

  • The FCA regulator said it has reduced the penalty by 30 per cent as Canara Bank agreed to settle at an early stage of FCA’s probe.

Static/Current implications:

  • Headquarters of Canara Bank – Bengaluru
  • MD & CEO of Canara Bank – Shri Rakesh Sharma
  • Chairman of Canara Bank – Shri T N Manoharan

13. RBI amends Gold Monetisation Scheme to make it more attractive

  • RBI made some changes in the Gold Monetisation Scheme (GMS) of 2015 to allow people open a gold deposit account without any inconvenience.
  • According to RBI, the short-term deposits should be treated as bank’s on-balance sheet liability.

RBI amends Gold Monetisation Scheme

Image Credit: The Indian Awaaz

  • These deposits will be made for a short period of 1-3 years (with a facility of rollover) with the designated banks.
  • In the case of deposits for maturities with broken periods, the interest rate payable should be calculated as the sum of interest for the completed year plus interest for the number of remaining days.

Meetings/Conferences

14. 17th round of Foreign Office Consultations between India & Myanmar hold in New Delhi

  • The 17th round of Foreign Office Consultations between India and Myanmar was held in New Delhi. Foreign Secretary of India Vijay Gokhale and Permanent Secretary in Ministry of Foreign Affairs of Myanmar, U Myint Thu took part in the conference.
  • The two sides reviewed the entire gamut of bilateral relations.

17th round of Foreign Office Consultations between India & Myanmar

Image Credit: League of India

  • They held talks on high-level visits, security and defence issues, boundary matters and border management, trade and commerce, development cooperation, connectivity and cultural and consular matters.

Static/Current implications:

  • Capital of Myanmar – Naypyidaw
  • PM of Myanmar – Aung San Suu Kyi
  • President of Myanmar – Win Myint
  • Currency of Myanmar –  Burmese kyat
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