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Current Affairs for 17th June to 30th June 2017

 

 

Current Affairs for 17th June to 30th June 2017

 

 

  1. Union cabinet has approved the Interest Subvention Scheme for farmers for the year 2017-18. The Government has allocated Rs. 20,339 crore for this scheme. Under this scheme, farmers are to given a short term crop loan up to Rs. 3 lakh payable within one year at an interest rate of 4% per annum. The scheme will be continued for one year. It will be implemented by NABARD and RBI.
     
  2. Prime Minister Narendra Modi has inaugurated the Kochi Metro. He took a ride in the Metro from Palarivattom station to Pathadippalam station. Speaking at the inaugural ceremony held at Jawaharlal Nehru Stadium premises, the Prime Minister said, the Union Government has so far released over Rs 2000 crore for the project.
     
  3. Supreme Court has upheld the government’s decision and ruled that it would be mandatory for all Aadhaar holders to link it with the permanent account number (PAN) for filing of income tax returns. However, the apex court refused to make it compulsory for those people who do not possess an Aadhaar card or have not yet applied for one.
     
  4. President Pranab Mukherjee launched a mobile Application ‘Selfie with Daughter’ at Rashtrapati Bhavan. The App is aimed at raising awareness among people about female foeticide and sex selection. The President has urged the people to take selfies with their daughters to make the campaign a huge success. The app is expected to create awareness and help in dealing with the problems arising out of gender imbalance.
     
  5. DRDO has successfully test fired antitank ‘Nag’ missile in Rajasthan. The Nag missile is a third generation antitank guided missile which works on "fire and forget" principle. The anti-tank missile has been equipped with the highly advanced Imaging Infrared Radar (IRR) seeker along with integrated avionics.
     
  6. Switzerland has ratified automatic exchange of information (AEOI) sharing with India and 40 other countries to facilitate immediate sharing of details about suspected black money. It, however, sought strict adherence to confidentiality and data security laws. The Swiss Federal Council, the country’s top governing body, in a statement said that the protocol will be implemented next year and the first set of information is planned in 2019. As per the draft notification approved by the council in its meeting, the decision is not subject to any referendum - which means there should be no further procedural delay in its implementation. 
     
  7. Former German Chancellor and the architect of the country's reunification in 1990, Helmut Kohl passed away aged 87. Kohl led Germany for 16 years from 1982 to 1998. He is credited with bringing East and West Germany together after the fall of the Berlin Wall.
     
  8. The last month was the second hottest month in a span of 137 years when modern record-keeping of average global temperatures had commenced. According to NASA, the temperature of May 2017 was 0.88 degrees Celsius warmer than the mean May temperature from 1951-1980.
     
  9. Israeli author David Grossman has won the Man Booker International Prize for his novel “A Horse Walks Into a Bar”. David Grossman has become the first Israeli author to win the Man Booker International Prize.
     
  10. Government has made Aadhaar card mandatory for opening a bank account and financial transactions of 50,000 rupees and above. According to a notification issued by the Revenue Department, all existing bank account holders have also been asked to submit Aadhaar to banks by 31st December this year.
     
  11. Union Cabinet has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017 which will provide a comprehensive resolution framework for financial sector entities to deal with bankruptcy situation in banks, insurance companies, and other entities.
     
  12. The government has set up a GST facilitation cell in Department of Industrial Policy and Promotion to facilitate the rollout of Goods and Services Tax. The cell is headed by Economic Advisor Sudhansu Sekhar Das. The cell will remain in constant touch with major industry and business associations relating to the Department.
     
  13. RBI has identified 12 bank accounts that constitute nearly 25% of the gross bad loans. They have been identified for immediate referral and resolution under the bankruptcy law. Each of the 12 identified accounts was having more than Rs 5,000 crore of outstanding loans, of which at least 60% was classified as non-performing by banks as of March 31, 2016.
     
  14. Asian Infrastructure Investment Bank (AIIB) has approved $150 million equity investment loan to the India Infrastructure Fund. This loan will be the bank's first equity investment to fund private projects.
     
  15. India has given a fresh set of papers to the UK in the extradition case of businessman Vijay Mallya. External Affairs Ministry spokesman Gopal Baglay told reporters in New Delhi that a fresh set of relevant papers was given to the British High Commission last week and sent soft copies, electronically, to Indian mission.
     
  16. Legal expert Neeru Chadha has been elected to the International Tribunal for the Law of the Seas (ITLOS). She has become the first Indian women to win a crucial election to a top UN judicial body that deals with disputes related to the law of the sea. Neeru is also the first Indian woman to be appointed as a judge at the ITLOS.
     
  17. India has moved up 6 places to reach 60th place among 130 countries in the Global Innovation Index 2017. It has emerged as the top-ranked economy in Central and South Asia. The index is jointly prepared by Cornell University, INSEAD and World Intellectual Property Organisation (WIPO).
     
  18. Public Sector Oil Marketing Companies, Indian Oil, Bharat Petroleum and Hindustan Petroleum have signed an agreement to jointly set up the world’s largest refinery and petrochemical complex in Ratnagiri district of Maharashtra.
     
  19. India’s Skipper Virat Kohli has become the quickest batsman to score 8000 runs in one-day international cricket beating South Africa’s AB de Villier’s record by seven fewer innings. 
     
  20.  Indian shooters Jitu Rai and Heena Sidhu have won the gold medal in mixed team 10m air pistol event of the International Shooting Sport Federation (ISSF) World Cup held at Gabala, Azerbaijan.
     
  21. Rafael Nadal of Spain defeated Swiss third-seeded Stan Wawrinka 6-2, 6-3, 6-1 to win his record 10th French Open title. With this victory, Rafael Nadal has become the first man or woman in the Open era to clinch a Grand Slam tournament 10 times.
     
  22. Rohan Bopanna won his maiden Grand Slam title along with his Canadian partner Gabriela Dabrowski by winning the French Open mixed doubles trophy. With this title win he has become only the fourth Indian to clinch a major, the other three being Leander Paes, Mahesh Bhupathi and Sania Mirza who all have won Grand Slam trophies for India.
     
  23. The Supreme Court has upheld the validity of the law making Aadhaar mandatory for allotment of PAN and filing of Income Tax(IT) returns but exempted those without it for now until the larger privacy issue is decided. In effect, those who possess an Aadhaar card must link it to their Permanent Account Number(PAN) card and those who have enrolled and not yet got their Aadhaar card are also exempted from mandatory linkage and the penalising invalidation of their PANs if they don’t link it.
     
  24. Oil Marketing Companies will make daily revision in retail selling prices of Petrol and Diesel from 16th of this month across the country. The decision will make the retail prices more reflective of the current market conditions, minimizing the volatility in the retail price of Petrol and Diesel.
     
  25. The second edition of National Health Editors’ Conference on Yoga was inaugurated by Minister of State for AYUSH (Independent Charge), Shri Shripad Yesso Naik at National Media Centre in New Delhi. The conference was organized by Ministry of AYUSH in association with the Press Information Bureau (PIB), M/o Information & Broadcasting; and Central Council for Research in Yoga and Naturopathy (M/o AYUSH) as a part of celebrations of the 3rd International Day of Yoga on 21st June, 2017.
     
  26. Prime Minister Narendra Modi interacted with leaders of China, Brazil and South Africa among others on the sidelines of G-20 summit in Germany. Ministry of External Affairs spokespersons Gopal Baglay informed that at the informal gathering of BRICS leaders, hosted by China, Mr. Modi and Chinese President Xi Jinping had a conversation on a range of issues.
     
  27. A global treaty banning nuclear weapons has been adopted at the United Nations despite opposite from the United States, Britain, France and other nuclear powers that boycotted negotiations. The treaty was adopted by a vote of 122 in favor with one country the Netherlands voting against while Singapore abstained.


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Sunil Chopra The Cavalier Delhi +91-9873161169 contact@cavalier.in