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CURRENT AFFAIRS: DAYS
World Brain Tumour Day
- It is observed every year on 8 June to raise international public attention to the people that are suffering from serious disease and the urgent need for more research.
- Several events are organised around the world to educate about brain tumours.
World Oceans Day
- World Oceans Day is celebrated on 8 June every year to empower people of all ages to become leaders of their own and stop polluting ocean, water bodies.
- This day spread awareness about to reduce single-use plastics and to take action necessary to bring the real change.
| USEFUL INFO |
| Theme 2019 | Gender and the Ocean |
CURRENT AFFAIRS: NATIONAL
NITI Aayog reconstituted List of members
- Prime Minister Narendra Modi approved the reconstitution of government thinktank NITI Aayog.
- While Vice-Chairman Rajiv Kumar continues in his post along with members VK Saraswat, Ramesh Chand and VK Paul
- The ex-officio members now include Defence Minister Rajnath Singh, Home Minister Amit Shah, Finance Minister Nirmala Sitharaman and Agriculture Minister Narendra Singh Tomar.
- However, the name of Bibek Debroy, a former permanent member, is missing from the new list.
- Special invitees to NITI Aayog include Minister of Road, Transport and Highways Nitin Gadkari; Minister of Social Justice and Empowerment Thawar Chand Gehlot; Minister of Railways Piyush Goyal; and Minister of Statistics (Independent) Rao Inderjit Singh.
| USEFUL INFO |
| NITI Aayog CEO | Amitabh Kant |
| NITI Aayog Vice Chairman | Rajiv Kumar |
CURRENT AFFAIRS: INTERNATIONAL
Estonia, Niger, St. Vincent and the Grenadines, Tunisia, Vietnam elected UNSC non-permanent members
- Estonia, Niger, St. Vincent and the Grenadines, Tunisia and Vietnam were elected as non-permanent members of the UN Security Council for a two year term beginning January 1, 2020.
- In the African and Asia Pacific category, Vietnam got 192 out of 193 votes, followed by Niger and Tunisia (191 votes each).
- The Security Council is the most powerful organ of the UN and consists of 15 members including five permanent members (China, France, Russian Federation, the United Kingdom, and the United States), and 10 non-permanent members who are elected for two-year terms by the General Assembly.
- Currently, Belgium, Cte d’Ivoire, Dominican Republic, Equatorial Guinea, Germany, Indonesia, Kuwait, Peru, Poland and South Africa. are the non-permanent members.
- The two-year terms of Cote d’Ivoire, Equatorial Guinea, Kuwait, Peru and Poland will end in 2019 and the newly elected members will take on their seats.
CURRENT AFFAIRS: BANKING AND FINANCE
CII launches new Index to measure fiscal performance
- Confederation of Indian Industry (CII) has launched a Fiscal Performance Index (FPI) to assess state and central budgets.
- The Index incorporates qualitative assessments of revenue expenditure, capital expenditure, revenues, fiscal prudence and the level of public debt arrive at a more holistic picture of fiscal performance than the fiscal deficit to GDP ratio.
- The new index will use multiple indicators to measure the quality of Budgets at the Central and the State levels rather than a single indicator “fiscal deficit to GDP ratio” used till date.
RBI imposes ₹2 cr fine on Kotak Bank for lack of disclosure on promoter stake
- The Reserve Bank imposed a penalty of₹2 crore on Kotak Mahindra Bank for not complying with its directions regarding dilution of promoters’ shareholding in the company.
- The private sector lender was directed by RBI to furnish information about details of the shareholding held by its promoters and to submit details of the proposed course of action for complying with the permitted timeline for dilution of promoter shareholding.
- However, Kotak Mahindra Bank failed to comply with the directions and a show cause notice was issued to the bank as to why penalty should not be imposed for non-compliance.
- As per RBI’s banking licensing norms, a private bank’s promoter holding has to be brought down to 40 per cent within three years of operations, 20 per cent within 10 years and 15 per cent within 15 years.
RBI issues revised norms to deal with stressed assets
- The Reserve Bank of India released fresh guidelines to deal with bad loans after the Supreme Court quashed its 12 February, 2018, circular, which mandated lenders to start resolution even if there was a one-day default.
- New NPA resolution norms replace all the previous models, the central bank said. Under the new norms, defaults are to be recognized within 30 days.
- Lenders will get a breather from the one-day default norm
- They will get a 30-day review period to frame a resolution strategy
- They have to submit a weekly report to the RBI on defaults by borrowers with exposure of₹5 crore and above.
- New norms also applicable to small finance banks and large NBFCs
CURRENT AFFAIRS: APPOINTMENTS AND RESIGNATION
Military government chief Prayuth Chan-ocha elected as Thai PM
- Thailand’s new parliament has elected military government chief Prayuth Chan-ocha as the country’s prime minister, completing a transition from coup leader to head of a civilian government in a system seen tilted in his favour.
- Prayuth’s appointment becomes official when it is endorsed by King Maha Vajiralongkorn.
- The 65-year-old exceeded the 375-vote threshold needed to win the premiership by receiving 500 votes from the 750-member parliament.
| USEFUL INFO |
| Thailand Capital | Bangkok |
| Currency | Thai baht |
| Prime Minister | Prayut Chan-o-cha |
India-born Pramila Jayapal becomes first South Asian American woman to chair US house
- Indian-American Congresswoman Pramila Jayapal becoming the first South Asian American woman to preside over the US House of Representatives.
- Jayapal, who was first elected to the Congress in 2016.
CURRENT AFFAIRS: AWARDS AND HONOURS
Indian-origin bosses, Jayshree Ullal, Neerja Sethi, Neha Narkhede among America’s richest self-made women
- Three Indian-origin women have been named by Forbes among America’s 80 richest self-made women.
- President and CEO of computer networking firm Arista Networks Jayshree Ullal, co-founder of IT consulting and outsourcing firm Syntel Neerja Sethi and CTO and co-founder of streaming data technology company Confluent Neha Narkhede are in the Forbes list of ‘America’s Richest Self-Made Women 2019’.
- The list has been topped by Diane Hendricks, who chairs ABC Supply, one of the largest wholesale distributors of roofing, siding and windows in America. The 72-year old has a net worth of USD 7 billion.
- Ullal, who has been ranked 18th in the list, has a net worth of USD 1.4 billion.Sethi, ranked 23rd,and Narkhede is ranked 60th.
CURRENT AFFAIRS: SCIENCE AND TECHNOLOGY
China gains new flexible launch capabilities with first sea launch
- China successfully launched a Long March 11 solid rocket from a sea launch platform, bringing its burgeoning space program new, flexible launch capabilities.
- The Long March 11 solid propellant light launch vehicle lifted off from a mobile launch platform in the Yellow Sea.
- The satellites included Bufeng-1A and B, designed by the China Academy of Space Technology to monitor ocean wind fields and improve typhoon monitoring, Xiaoxiang-1-04, a small satellite developed by Changsha-based private firm Spacety, an experimental communications satellite, Tianqi-3, developed by Guodian Gaoke, and two ‘Tianxiang’ Ka-band communications test satellites for the China Electronic Technology Group.
CURRENT AFFAIRS: MOU
MCA, SEBI sign MoU for data exchange
- A Memorandum of Understanding (MOU) was signed between the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI) for data exchange between the two regulatory organisations.
- The agreement was signed by K.V.R. Murty, Joint Secretary, MCA, and Madhabi Puri Buch, Whole Time Member, SEBI in the presence of senior officers from both the organisations.
- The MoU will facilitate the exchange of data and information between SEBI and MCA on an automatic and regular basis.
- It will enable sharing of specific information such as details of suspended companies, delisted companies, shareholding pattern from SEBI and financial statements filed with the registrar by corporates, returns of allotment of shares, audit reports relating to corporates.
- SEBI and MCA will also exchange with each other, on request, any information available in their respective databases, for the purpose of carrying out scrutiny, inspection, investigation, and prosecution
CURRENT AFFAIRS: OBITUARY
Grammy Award winning singer Dr John passes away
- Six-time Grammy award winning singer and songwriter Malcolm John Rebennack Jr, popularly known as Dr John, passed away due to a heart attack at the age of 77.
- During his singing career, Dr John was nominated for 15 Grammy Awards and won six of them.