 Software giant Microsoft has surpassed Google’s parent company Alphabet in market capitalisation for the first time in three years. Microsoft has now become the third most valuable firm globally after Apple and Amazon. Microsoft had a market cap of $753 billion at the close of trading, almost $14 billion ahead of Alphabet. While Apple leads with a market cap of nearly $924 billion, Amazon is at a distant second, with nearly $783 billion. |
| Source- The Times of India |
 Moody's Investors Service report has cut India's GDP growth forecast to 7.3% in 2018, from the previous forecast of 7.5% due to higher oil prices and tighter financial conditions. It, however, kept growth expectation for 2019 remains unchanged at 7.5%. |
| Source- NDTV News |
 Top Indian discus thrower Vikas Gowda retired after competing at the highest level for more than 15 years, during which he became the first and only Indian male to win Commonwealth Games medal in the discipline. He has not taken part in any major international event since winning a bronze in the Asian Championships in 2017 in Bhubaneswar. His retirement was announced by the Athletics Federation of India. Gowda holds the national record of 66.28m (achieved in 2012). |
Important Medals of his Life Includes:
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| Source- The Hindu |
 Prime Minister Narendra Modi embarked on a three-nation visit to Indonesia, Malaysia and Singapore.During his five-day visit, the PM will hold delegation level talks with the leadership of the three countries, on matters of mutual interest. |
| This will be Prime Minister’s first official visit to Indonesia and second official visit to Singapore. The visit assumes significance in the light of India’s thrust on “Act East” policy under which New Delhi desires to enhance bilateral relationship with the 10-member ASEAN grouping. In the first leg of his visit, Mr Modi will arrive in Indonesia. |
| Source- AIR World Service |
 The Defence Acquisition Council (DAC), chaired by Raksha Mantri Smt Nirmala Sitharaman, met in New Delhi and accorded approval for the procurement of equipment for the Defence Forces valued at over Rs. 6900 crore. |
| The DAC approved procurement of Thermal Imaging (TI) Night Sights for the Rocket Launcher (RL) used by the Army and the Air Force under ‘BUY (Indian) IDDM’ category through established Indian Vendors. |
| Source- DD News |
 The main event of 4th International Yoga Day celebrations will be held at Dehradun in Uttrakhand on 21st of June. |
| Secretary AYUSH Ministry Vaidya Rajesh Kotecha has announced that Dehradun has been selected as the venue for Mass Yoga Demonstration of International Yoga Day. Mr Kotecha is in Dehradun to initiate the preparations regarding this mega event. |
| Source- Press Information Bureau (PIB) |
 Bhubaneswar (capital city of Odisha) becomes the fourth National data centre of National Informatics Centre (NIC) after Delhi, Hyderabad and Pune. The new cloud-enabled National Data Centre aims to offer round-the-clock operations with secure hosting for various e-governance applications of Central and State Governments and has the ability to support 35,000 virtual servers. |
| NIC provides technology support to all governance services and hosts nearly 10,000 websites of the Government. NIC currently has 4,500 people across India in its various operations and will hire 800 professionals in the next one year. |
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| Source- Press Information Bureau (PIB) |
| The United Nations Environment Programme (UNEP) has recognised Cochin International Airport Ltd (CIAL) in Kerala as the world’s first fully solar energy-powered airport. CIAL is India’s first airport to be constructed in public-private-partnership (PPP) model in 1999. It is the busiest and largest airport in the state of Kerala. The airport has 15 MWp solar power plant near the cargo complex of airport comprising 46,150 solar panels laid across 45 acres. |
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| Source- India Today |
| An Agreement for IBRD Credit of USD 21.7 Million from the World Bank for the Strengthening of Public Financial Management in Rajasthan Project was signed in New Delhi. The Project size is approximately USD 31 million, of which USD 21.7 million will be financed by the World Bank, and the remaining amount will be funded out of the State Budget. The Project duration is 5 years. The Project objective is to contribute to improved Budget execution, enhanced accountability and greater efficiency in Revenue Administration in Rajasthan. |
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| Source- Press Information Bureau (PIB) |
 NSDL executive Sudha Balakrishnan has been appointed the first-ever chief financial officer (CFO) of the Reserve Bank of India (RBI). Balakrishnan, a chartered accountant, was till recently vice president with the National Securities Depository Ltd (NSDL, India’s first and largest depository) before joining RBI. She will be the 12th executive director of the RBI and will have a three-year term. |
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| Source- The Economic Times |
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