Current Affairs

  The International Labour Organization (ILO) launched the World Day Against Child Labour in 2002 to focus attention on the global extent of child labour and the action and efforts needed to eliminate it. Each year on 12 June, the World Day brings together governments, employers and workers organizations, civil society, as well as millions of people from around the world to highlight the plight of child labourers and what can be done to help them. The theme for World Day Against Child Labour 2019 is Children shouldn’t work in fields, but on dreams!
Source- The United Nations

  The Very Severe Cyclonic Storm ‘VAYU’ over East-central Arabian Sea moved nearly northwards with a speed of about 13 kmph in last six hours and lay centred over East-central Arabian Sea, about 470 km west-northwest of Goa, 280 km south-southwest of Mumbai (Maharashtra) and 340 km nearly south of Veraval (Gujarat).  It is very likely to move nearly northwards and cross Gujarat coast between Porbandar and Mahuva around Veraval & Diu region as a Very Severe Cyclonic Storm with wind speed 145-155 kmph gusting to 170 kmph around morning of 13th June 2019.
Source- DD News

  India’s largest software services company Tata Consultancy Services (TCS) has surpassed US technology giant IBM in terms of market capitalisation. As of recent closing, the market cap of TCS stood at Rs8.37 lakh crore ($120.5 billion) compared to IBM’s $119.5 billion. TCS reported revenue of $20.9 billion in the previous fiscal while IBM ended 2018 with $79.6 billion in revenue.
Source- BSE

 The Government of Japan has decided to invest an amount of 205.784 billion Yen,equivalent to approximately Rs.13,000 crore, in several ongoing as well as new projects in different states of India’s North- Eastern region. This was disclosed after a meeting which the DoNER Minister Dr Jitendra Singh had with the Japanese delegation led by Ambassador Mr Kenji Hiramatsu.
Source- Press Information Bureau (PIB)

  British consumer goods giant Reckitt Benckiser named PepsiCo executive Laxman Narasimhan to succeed Rakesh Kapoor as chief executive officer. Narasimhan, PepsiCo’s global chief commercial officer, will join Reckitt as CEO-designate and be appointed to the board on July 16. He will become group CEO on September 1.
Source- The Hindu Business Line

 Nripendra Misra and PK Mishra were re-appointed as Principal Secretary and Additional Principal Secretary, respectively, to Prime Minister Narendra Modi with Cabinet minister rank. The Appointments Committee of the Cabinet approved both the appointments with effect from May 31. Their appointments will be co-terminus with the term of the prime minister.
Source- News18

Arjun Munda, Union Minister for Tribal Affairs launched the “e-governance initiatives for ST Welfare schemes” at a function organized by Ministry of Tribal Affairs. A power point presentation on these new e-governance initiatives was made on the occasion. Shri Munda applauded the teamwork efforts of the Ministry of Tribal affairs for these-governance initiatives for Scheduled Tribes Welfare schemes and stated that as per the “SabkaSaath, SabkaVikas and SabkaVishwas”, these e-governance initiatives will serve their purpose of the betterment of tribal communities across the nation.
Source- PIB

  The Reserve Bank of India constituted a six-member committee to review the ATM interchange fee structure with a “view to increase the ATM deployment in the unbanked areas”. The committee will be led by V G Kannan, Chief Executive, Indian Banks Association.
The terms of reference of the committee are as under:
  • To review the existing structures and patterns of costs, charges and interchange fees for ATM transactions.
  • To review the overall patterns of usage of ATMs by cardholders and assess the impact, if any, on charges and interchange fees.
  • To assess the entire gamut of costs in respect of the ATM ecosystem.
  • To make recommendations on the optimal charge/interchange fee structure and pattern.
  • Source: The Live Mint

      Decisions taken in the first cabinet meeting of Andhra Pradesh: Education sector: All women who send their children to school will receive Rs 15,000from the state government from 26 January next year.
    Agriculture Sector:
    • Formation of a commission for the development and welfare of farmers, with the chief minister as its chairman.
    • All farmers, including peasants, will be given Rs 12,500 a year as input subsidy before the sowing season
    • Interest-free crop loans will be provided to farmers, termed as ‘YSR interest-free loans’, the government itself will pay the interest directly to the concerned banks.
    Source: Live Mint

      Former Puducherry Chief Minister between 1996 and 2000, a senior Dravida Munnetra Kazhagam leader R V Janakiraman, who headed the coalition government of DMK and the Tamil Maanila Congress died after a brief age-related illness.
    Source: The Press Trust of India


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