Current Affairs Current Affairs June 2018

 The Ministry of Shipping’s flagship programme for port-led-prosperity ‘Sagarmala’ received the ‘Gold Award’ in infrastructure sector in the recently concluded 52nd Skoch Summit 2018 in New Delhi. The Sagarmala Programme also received the ‘Order of Merit’ at the Summit. The Skoch Awards recognize leadership and excellence in accelerating socio-economic changes. These awards have become a benchmark of best practices in India in the fields of governance, infrastructure, finance, banking, technology, corporate citizenship, economics and inclusive growth.
Source- Press Information Bureau (PIB)

 HCL Technologies has acquired German IT and engineering services provider H&D International Group. Through this deal, HCL Tech will attain significant in-country front office and delivery capabilities, which will further enhance its domain expertise in the global automotive sector. The H&D Group, one of the largest IT service providers in the German automotive industry, has extensive expertise in SAP, computer-aided technologies (CAx), engineering services and customer-specific product development. It operates in over 20 locations globally.
Source- The Hindu Business Line

 The Export-Import Bank of India (Exim Bank) announced that it has extended $10 million worth of line of credit (LOC) to Seychelles. This is for healthcare and procurement of goods and projects. It is the first tranche of the $50 million sanctioned by the Exim Bank to the country. With this agreement for $10 million, Exim Bank has extended two LOCs to Seychelles, taking the total value to $28 million.
Source- The Economic Times

 The government has decided to set up two more underground crude oil storages in Odisha and Karnatakato increase emergency stockpile cover by 12 days to 22 days. The Cabinet has approved setting up of 4 million tonne (MT) storage at Chandikhole in Odisha and 2.5 MT storage at Padur in Karnataka. The announcement was made by the Finance Minister Piyush Goyal in New Delhi. The storages will be additional to the existing rock caverns to shore 5.33 MT of crude Visakhapatnam (1.33 MT), Mangalore (1.5 MT) and Padur (2.5 MT).
Source- DD News

 The International Micro, Small and Medium-sized Enterprises (MSME) Day is observed every year across the world on June 27. This year is second edition after the day was instituted in April 2017. The day highlights strong contribution of MSME businesses worldwide to livelihoods, communities and economies, and need to support MSMEs towards their success. Objectives of this day are to advocate importance of MSMEs in youth employment, raise awareness around the skills needed by youth to acquire decent jobs and raise awareness around youth entrepreneurship. The campaign slogan of MSME Day 2018 is ‘The Youth Dimension’.
  • Importance of MSMEs
They are major job providers and catalysts for growth. They are critical force in realizing Sustainable Development Goals (SDGs). They promote innovation, creativity and decent work for all. Four in five new formal jobs created in emerging markets are among MSMEs. The private sector led by MSMEs drives jobs growth, accounting for 87% of total employment in 2016. MSMEs tend to employ larger share of vulnerable sectors of workforce, such as women, youth, and people from poorer households. They can even sometimes be only source of employment in rural areas. MSMEs as group are main income provider for income distribution at “base of the pyramid”.
  • Background
The Micro-, Small and Medium-sized Enterprises Day was instituted by United Nations General Assembly (UNGA) through resolution A/RES/71/279 to recognize need to improve small business access to microfinance and credit. The resolution was introduced by delegation of Argentina and was co-sponsored by 54 member states and adopted without vote by 193-member UNGA in April 2017. The goal is to encourage member states to facilitate observance of the day by increasing awareness and actions to support small business.

 The US Ambassador to the UN, Nikki Haley is in India for the 2-day visit. During her two-day visit, Haley will meet with senior Indian government officials, NGO leaders, and the interfaith community to underscore the United States’ shared values and strong alliance with the people of India. Haley, the daughter of Sikh immigrants from Punjab, is the first Indian-American to serve in a Cabinet-level position in any US presidential administration.
Source- AIR World Service

 President of India, Ram Nath Kovind inaugurated the Udyam Sangam-2018 in New Delhi. It is a step forward towards consolidating the convergence and synergy of all the government initiatives relating to MSME Sector. The President of India launched the Solar Charkha Mission which will cover 50 clusters and every cluster will employ 400 to 2000 artisans. The Mission has been approved by the Government of India for which the MSME Ministry will disburse subsidy of Rs. 550 crores to the artisans. A portal of the Ministry of MSME called “Sampark” was also unveiled by the President. This portal will act as a bridge between the talent pool and those enterprises seeking trained manpower. 
Source- Press Information Bureau (PIB)

 Ten new Swachh Iconic Places of the country came up with the thorough action plans for raising their sanitation standards to exemplary levels. The plans were formulated at a two-day consultation in Hyderabad held between Central and State Government agencies, local administrations and the Trusts of the iconic places. Over 100 delegates from across the country attended the consultation. All the 30 Swachh Iconic Places, selected so far under the Swachh Bharat Mission, also resolved to make their sites completely free of plastic.
These 10 sites constitute Phase-III of the Swachh Iconic Places (SIP): 
 
Sl. No. Swachh Iconic Place Location State
1. Raghavendra Swamy Temple Kurnool Andhra Pradesh
2. Hazardwari Palace Murshidabad West Bengal
3. Brahma Sarovar Temple Kurukshetra Haryana
4. VidurKuti Bijnor Uttar Pradesh
5. Mana village Chamoli Uttarakhand
6. Pangong Lake Leh-Ladakh J&K
7. Nagvasuki Temple Allahabad Uttar Pradesh
8. ImaKeithal/market Imphal Manipur
9. Sabarimala Temple Pathanamthitta District Kerala
10. Kanvashram Kotdwara Uttarakhand
      Source- Press Information Bureau (PIB)

 Britain’s Queen Elizabeth granted royal assent to Prime Minister Theresa May’s flagship Brexit legislation, ending months of debate over the legislation that will formally end the country’s European Union membership. The EU withdrawal bill, passed by both houses of parliament, has been signed into law by the monarch, to cheers from Conservative lawmakers The EU (Withdrawal) Bill repeals the 1972 European Communities Actthrough which Britain became a member, and transfers decades of European law onto British statute books in a bid to avoid any legal disruption.
Source- AIR World Service

 The 15th India-Australia Joint Ministerial Commission (JMC) was held in Canberra, Australia.  The meeting was jointly chaired by Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu and Australian Minister for Trade, Tourism and Investment Steven Ciobo. The JMC took place after a gap of 4 years. Both the sides agreed to have greater collaboration between Austrade, the Australian Trade and Investment Commission and Invest-India, which is the National Investment Promotion and Facilitation Agency of India. The talks culminated in the signing of an MoU between Austrade and Invest-India in order to facilitate bilateral investment flows.
Source- Press Information Bureau (PIB)


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