Current Affairs Current Affairs June 2018

 The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows-
The Cabinet has approved-
  • MoU between India and Singapore on Cooperation in the field of Planning- The objective of the MOU is to facilitate government agencies in the Centre and States, including Municipal Bodies, to readily tap into the expertise of Singapore agencies in the areas of urban development and management and other areas, and thus help in urban rejuvenation, mission.
  • Agreement between India and Denmark on Cooperation in the field of Science, Technology and Innovation- The objective of the Agreement is to encourage, develop and facilitate co­operation between India and Denmark in fields of common interest within Science, Technology and Innovation.
  • MoU between India and Germany on Cooperation in the field of Civil Aviation- The main objective of this Joint Declaration of Intent is to promote and facilitate mutual cooperation in the areas like Aviation Safety and Air Traffic Management, Heliports and Helicopter Emergency Medical Services (HEMS), Corporate and Business Aviation Development, and Training and Skills Development.
  • Implementing Arrangement between India and France on Cooperation on Maritime Awareness Mission- The objective is to monitor the maritime traffic and to identify the non-compliant ships at the maximum possible revisit frequency.
  • MoU between India and Denmark for cooperation in the fields of Animal Husbandry and Dairying- The MoU aims to develop bilateral cooperation in the field of Animal Husbandly and Dairying for the purpose of broadening the existing knowledge base on the dairy development and institutional strengthening.
  • MoU between India and Indonesia on Technical Cooperation in the field of Railways sector.
  • MoU between India and Bahrain on cooperation in the field of Healthcare.
  • Capital infusion in Export Credit Guarantee Corporation Ltd.- The capital infusion of Rs.2000 crore for strengthening of  Export Credit Guarantee Corporation (ECGC) would be infused in the three financial years i.e. Rs.50 crore in 2017-18, Rs.1450 crore in the year 2018-19 and Rs.500 crore for 2019-20.
  • A Corpus to National Export Insurance Account Trust- The Cabinet has approved the contribution of Grant-in-Aid (Corpus) of Rs.1,040 crore to National Export Insurance Account Trust (NEIA). The Corpus would strengthen NEIA to support project exports from the country that are of strategic and national importance.
  • Source- Press Information Bureau (PIB)

     Senior bureaucrat S Ramesh has been appointed as chairman of the Central Board of Indirect Taxes and Customs (CBIC), the apex policy-making body for indirect taxes. He succeeded Vanaja N Sarna. Ramesh, a 1981 batch officer of the Indian Revenue Service (Customs and Central Excise), is at present the member in the board, mandated with the responsibility of implementing the Goods and Services Tax (GST).
    Source- The Times of India

     Pakistan’s National Security Advisor Nasser Khan Janjua resigned from his post. Succeeding Sartaj Aziz,Janjua took over as Pakistan’s NSA in October 2015, he served as the NSA since then.
    Source- The Quint

     The Maharashtra government has set up a committee to study issues related to the development of a 1,000-MW floating solar power plant at Ujani dam in Solapur district. The committee will be headed by the Director (Commercial) of Maharashtra State Electricity Distribution Company Ltd (MSEDCL), Satish Chavan. Among other things, the committee will study the environmental impact of the project and monitor the month-wise water level of the dam. Ujani, located in Madha taluka of Solapur, around 300 kms from Mumbai, is among the largest dams in Maharashtra.
    Source- The Economic Times

     The Odisha government decided to raise the health cover from Rs 5 lakh to Rs 7 lakh under Biju Swasthya Kalyan Yojana (BSKY) for women. This was announced by Chief Minister Naveen Patnaik while interacting with the people of four districts during a video conferencing on Ama Gaon Ama Bikash Yojana.  On the occasion, the chief minister also sanctioned Rs 31.54 crore for 154 panchayats in seven blocks of six districts under Ama Gaon Ama Bikash Yojana at the block level.
    Source- The Quint

     The government has set up a committee under former Delhi Metro chief E Sreedharan to lay down standardisation norms for components with an aim to cut costs in the construction and operation of metro rail systems in the country and bring them under the Make in India umbrella. Prime Minister Narendra Modi approved the proposal, following a meeting at the PMO to review ongoing and upcoming metro projects. The standards, once finalised by the committee, will be mandatory for all metro projects coming up with central assistance. Currently, metro projects with a total length of 370km are operational in eight cities, including Delhi, Bengaluru, Kolkata, Chennai, Kochi and Mumbai.
    Source- Hindustan Times

     The 222nd meeting of the Central Board of Trustees, EPF (Employees' Provident Fund) was held under the chairmanship of Union Minister of State for Labour & Employment (Independent Charge) Shri Santosh Kumar Gangwar at New Delhi. The Central Board approved the proposal for insertion of Paragraph 68HH in EPF Scheme, 1952 provisioning Advance from the fund to a member who ceases to be in employment for a continuous period not less than one month. Under this proposal, a member can avail 75% of the total fund (including employee as well as employer share) standing to the member’s credit with interest thereon. The Board took note of the Investment of Rs 47,431.24 crore in Exchange Traded Funds (SBI MF, UTI MF, CPSE, Bharat 22) and notional return on ETF investments which stood at 16.07% for the period from August 2015 to 31st May 2018. The Central Board approved the proposal to continue SBI Mutual Fund and UTI Mutual Fund as ETF manufacturer for investment in ETF by EPFO for the tenure of one year. The Central Board has considered and adopted the Consolidated Annual Accounts with Audit Report for the year 2016-17.
    Source- Press Information Bureau (PIB)

     Lawrence Haddad, who is a British economist and food policy researcher, and Dr David Nabarro, who has worked with the World Health Organization and United Nations on health and hunger issues, were named the 2018 World Food Prize recipients in a ceremony at the U.S. Department of Agriculture in Washington.  The World Food Prize was awarded this year to two men who have dedicated their careers to improving the availability of nutritious food for pregnant women and children in an effort to reduce the effects of malnutrition in developing countries.
    Source- The Guardian

     The world’s largest multilateral naval exercise Rim of the Pacific (RIMPAC) begun off Hawaii in the Western Pacific Ocean. The two-month long biennial exercise is likely to be attended by navies of 26 countries including India. Indian Naval Ship Sahyadri has already reached the Pearl Harbour in Hawaii to participate in the 26th edition of RIMPAC exercise. INS Sahyadri, commanded by Captain Shantanu Jha, is a state-of-the-art indigenously built guided missile stealth frigate which is a part of the Eastern Fleet under the Eastern Naval Command. 
    Source- DD News

     Sixteen-year-old Indian shooter Saurabh Chaudhary set a new world record on the way to winning a gold medal in the ISSF Junior World Cup in Suhl, Germany. Saurabh shot a total of 243.7 in the 10m air pistol event in the ongoing International Shooting Sports Federation (ISSF) tournament. The junior world record prior to this was 242.5 by Chinese shooter Wang Zhehao at the first ISSF Junior World Cup of the year in Sydney. In the women’s 25m pistol final, Manu Bhaker was fifth with 19 hits and Devanshi Rana was eighth with five. With 8 gold medals, 1 silver and 5 bronze, India continued to top the medal standings. 
    Source- Hindustan Times


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