Current Affairs June 3, 2017 –  Road ministry launches online platform INAM PRO+ for infra raw material:


Road ministry launches online platform INAM PRO+ for infra raw material:

Minister for road transport and highways Nitin Gadkari launched the INAM PRO+ an e-commerce platform for construction and infrastructure raw material for government and private procurement.

INAM PRO+ is an updated version of the INAM portal, which was launched by the ministry of road transport and highways in 2015.

Road ministry launches online platform INAM PRO+ for infra raw material:

Varanasi will get the country’s first ‘freight village’ spread over around 100 acres. The plan to set up this project close to the upcoming multi-mode terminal along the Ganga has attracted major players including Dubai Port World and IL&FS.

The village, a one-of-its-kind infrastructure platform, will fasten movement of goods through railways and roadways.



Uttar Pradesh

  • Capital: Lucknow
  • Chief Minister: Yogi Adityanath
  • Governor: Shri Ram Naik
  • Narendra Modi constituency: Varanasi, Uttar Pradesh

Punjab, UK join hands to promote skill development, technical education:

The Punjab Government and the UK in principle decided to join hands to impart skill development and technical education to the youth of the state with a view to providing them better employment opportunities in foreign countries.

It was announced by Technical Education Minister Charanjit Singh Channi after meeting Britain Deputy High Commissioner Andrew Ayre.




  • Capital: London
  • Currency: Pound (GBP)
  • Prime minister: Theresa May


  • Capital: Chandigarh
  • Governor: V. P. Singh Badnore
  • Chief Minister: Captain Amarinder Singh

Haryana renames HUDA:

The Haryana government has renamed HUDA (Haryana Urban Development Authority) as it sounds similar to the name of the former chief minister of the state Bhupinder Singh Hooda. The Hindi name of the authority “Haryana Shahari Vikash Pradhikaran” will now be the new name in English as well.



  • Haryana CM: Manohar Lal Khattar
  • Haryana Governor: Kaptan Singh Solanki

MSME ties up with Samsung to setup 2 more technical schools:

    Samsung India signed a memorandum of understanding (MoU) with the Ministry of Micro, Small and Medium Enterprises (MSME) to setup two new Samsung Technical Schools in Bangalore and Jamshedpur.



About MSME:

  • Headquarters: Udyog Bhawan, New Delhi
  • Cabinet minister: Kalraj Mishra
  • Minister of state: Giriraj Singh, Haribhai Parthibhai Chaudhary

Project 75: Second Scorpene Submarine Begins Sea Trial:

    INS Khanderi, the second of the six Scorpene class submarines has sailed out from Mumbai harbour for its maiden sea sortie in a step closer to its induction into the Indian Navy.

The first Scorpene “INS Kalvari” is currently being readied for delivery in July or August.



Indian-origin gay Minister Leo Varadkar set to become Ireland’s youngest PM:

    Leo Varadkar will become the youngest person to hold the office and also one of the world’s youngest prime ministers. He was Ireland first openly gay minister and belongs to Fine Gael party. He will succeed current Prime Minister Enda Kenny.




  • Ireland Currency and Capital: Euro & Dublin
  • Ireland President: Michael D. Higgins

Banking & Business

Niti Aayog sees economy growing 7.5 percent in 2017/2018:


India’s economic growth is expected to pick up to 7.5 percent in the fiscal year that ends in March 2018




  • Niti Aayog Vice-Chairman: Arvind Panagariya
  • Niti Aayog CEO: Amitabh Kant
  • Head Quarters: New Delhi

SBI to lend 400 cr. for rooftop solar projects:

The State Bank of India (SBI) announced financing of rooftop solar projects worth Rs 400 crore, with private developers.

This would add at least 100 Mw of rooftop solar capacity to the grid.     SBI availed loan of $625 million from the World Bank for lending to viable Grid-Connected Rooftop Solar PV projects undertaken by photovoltaic developers.



    • Headquarters: Mumbai
    • Chairman: Arundhati Bhattacharya
    • Tagline:  The Nation bank on us, Pure banking nothing else, With you all the way

ICAI proposes joint audit for private banks:

The Institute of Chartered Accounts of India (ICAI), the regulatory body governing auditors has proposed to the finance ministry and the Reserve Bank of India (RBI) the introduction of the concept of joint audit in private banks to enhance the quality of audit.

  • ICAI Headquarters: New Delhi
  • Secretary: Shri V Sagar

Bank of India conducts ‘Star Mahotsav’:

    Bank of India conducted a Star Mahotsav across its branch network in the country. The thrust was on contacting every customer at their door step either for recovery of bad loans, disbursement of retail loans including housing and vehicle loan, disbursement under MSME and agriculture and promotion of its products, including debit and credit card, POS machine, and internet banking service.


  • BOI Headquarters: Mumbai
  • CEO: Melwyn O. Rego

RCom-Aircel merged firm to be called as Aircom:

Reliance Communication Head Anil Ambani announced the merged entity of Reliance Communications and Aircel will be called Aircom. RCom will hold a 50% stake in the new company.




Uday Kotak Committee on corporate governance:


To improve the standards of corporate governance of listed company’s markets regulator SEBI to set up a committee under the chairmanship of Uday Kotak, chief of Kotak Mahindra Bank.


Appointments & Resigns

RBI appoints S. Ganesh Kumar as new Executive Director:

The Reserve Bank has appointed Ganesh Kumar as Executive Director (ED) after the voluntary retirement of Chandan Sinha.

Prior to this appointment, he was a Chief General Manager-in-Charge, Department of Information Technology in the Reserve Bank.



  • Headquarters: Mumbai
  • Founded: 1935
  • Governor: Urjit Patel


Ravi Narain quits as NSE vice-chairman:

    Ravi Narain, former managing director and chief executive officer of the National Stock Exchange (NSE) resigned as the vice-chairman.





  • NSE chairman: Ashok Chawla.
  • Head quarters: Mumbai

Shashi Shekhar Vempati named CEO of public broadcaster Prasar Bharati:


    Shashi Shekhar Vempati, a former principal architect of Infosys Technologies, has been appointed the new chief executive officer (CEO) of public broadcaster Prasar Bharati. Vempati, a technocrat, had been on the board of Prasar Bharati as a part-time member.



Prasar Bharati

    • Headquarters: New Delhi
    • Formed: 1997

Shaktikanta Das retires as Economic Affairs Secretary:

Economic Affairs Secretary Shaktikanta Das announced his retirement as the Corporate Affairs Secretary after 37 years of service in government. He will be succeeded by Tapan Ray who will take the additional charges as the new Economic Affairs Secretary.



West Indies cricket team’s official name changed to WINDIES:

The cricket board for West Indies, on its 91st   anniversary, has re-branded themselves as Cricket West Indies from the former West Indies Cricket board.

The board also announced that the cricket team from now on will be officially known as ‘WINDIES’.


West Indies

  • Capital: Port of Spain
  • Currency: US Dollar

Shubham wins junior golf title

Shubham Jaglan won the European Junior title with a stroke margin win over USA’s Jaivir Pande at the Glen Golf Club, North Berwick, Scotland.

This is the second successive European age-group title for Jaglan, who emerged victorious by 13 shots in the 2016 edition.



Shubham Jaglan

  • Native : New Delhi


  • Capital: Edinburgh
  • Currency: Pound sterling
  • Prime minister: Nicola Sturgeon

Neeraj Chopra clinches javelin gold:

World junior record-holder Neeraj Chopra clinched the men’s javelin gold with a throw in the 21st Federation Cup athletics championship at the Netaji Subhash National Institute of Sports Complex in Punjab.


Neeraj Chopra

Native: Haryana

Mo Farah runs fastest 5,000m of the year:

    Mo Farah has completed the fastest winning time of the year in the 5,000m. The four-time Olympic champion clocked up a time of 13 minutes 00.70 seconds to win the event at the Diamond League in Oregon, US State.



Mouma-Manika makes history at World TT Championships:

    Manika Batraand and Mouma Das became the first Indian pair to reach the quarterfinals of the World Table Tennis Championships in Dusseldorf, Germany.




‘Kavikko’ Abdul Rahman passes away:

Tamil poet S. Abdul Rahman, popularly known as ‘Kavikko’ passed away in Chennai after a brief illness. He was 79.