DAILY CURRENT AFFAIRS: JUNE 12, 2018

Daily Current Affairs (June 12, 2018) like many other sections is inevitable and this also helps to score in the Banking awareness , Static GK and Financial Awareness sections. Remember, Banking Awareness and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.

NATIONAL

India’s first national police museum to come up in Delhi

India will soon have its first national police museum as the central government has decided to establish the unique facility in Lutyens’ Delhi.

The museum – depicting the history, artefacts, uniforms and gear of central and state police forces – will come up as an underground facility in the premises of the national police memorial in Chanakyapuri area of the national capital.

The museum is expected to be inaugurated on October 21 (Police Commemoration Day).

2nd India-US colloquium on Earth Observations & Sciences for Society, Economy inaugurated

The second India-US colloquium on Earth Observations and Sciences for Society and Economy was inaugurated at the CSIR-National Institute of Oceanography (CSIR-NIO), Dona Paula, Goa.

US Consul General in Mumbai Edgard D. Kagan, secretary at the Ministry of Earth Sciences Dr M. Rajeevan and CSIR-NIO director Sunil Kumar Singh were present on the occasion.

The colloquium is being organised by the Ministry of Earth Sciences, CSIR-NIO and the US National Oceanic and Atmospheric Administration.

The two countries would improve ocean and atmosphere observations that contribute to the economic well-being of both nations through better weather, climate, and ocean prediction, as well as fisheries management.

Piyush Goyal launches ‘Rail Madad’ App and ‘Menu on Rails’ App

The Ministry of Railways has launched two mobile applications to ease the travelling experience.

The two apps, ‘Rail MADAD’ and ‘Menu on Rails’, were launched by Railway Minister Piyush Goyal and Minister of State (MoS) Manoj Sinha during a press conference organised to highlight the achievements of the Ministry in the last four years.

The Rail MADAD will enable travellers to lodge complaints, Menu on Rails will facilitate seamless ordering of food.

‘Menu on Rail’ will display menu to passengers travelling in Mail/Express, including Humsafar Train, Rajdhani, Shatabdi, Duronto, Gatiman Express and Tejas Express.

Credit Enhancement Fund: Government to launch Rs.500 crore fund

The government is likely to launch a Rs 500-crore credit enhancement fund next month to facilitate infrastructure investments by insurance and pension funds.

The fund was first announced in the financial budget for fiscal year 2016-17.

The initial corpus of the fund, to be sponsored by IIFCL (India Infrastructure Finance Company), will be Rs 500 crore, and it will operate as a non-banking finance company.

India to host first BIMSTEC military exercise

India will host the first military exercise of the BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) group focussing on counter-terrorism.

The exercise is scheduled to be held in Pune.The aim of the exercise is to promote strategic alignment among the member-states and to share best practices in the area of counter-terrorism.

BIMSTEC was set up in 1997 and includes India, Bangladesh, Bhutan Myanmar, Nepal, Sri Lanka and Thailand.

East coast Railways, Waltair Division launches ‘SUBHADRA VAHINI’

The Visakhapatnam railway station of Waltair Division, East Coast Railway, has launched an all-female group of railway personnel, named “Subhadra Vahini”, who will assist lady passengers subjected to inconveniences.

Subhadra Vahini is a group of 32 railway personnel comprising 16 from the Railway Protection Force (RPF) and an equal number from the commercial wing of the division.

To get in touch with Subhadra Vahini, women can dial on the toll-free number 182.

India gives Cheque to Nepal for Nepal-Bharat Maitri Irrigation Project

Indian Ambassador to Nepal Manjeev Singh Puri handed over a Cheque of 99.2 million Nepali rupees to the Secretary, Minister of Energy, Water Resources and Irrigation, Nepal, Dr. Sanjay Sharma in Kathmandu.

The cheque was given towards final payment for Nepal-Bharat Maitri Irrigation Project for installation of 2700 Shallow Tube Well Irrigation Systems in 12 districts of Nepal.

With this payment, the Government of India has released a total of 227.6 million Nepali rupees to the Government of Nepal for implementing this project.

INTERNATIONAL

India, China sign 2 MoUs on sharing of Brahmaputra river data and supply of non-Basmati rice

China has agreed to provide India hydrological data of the Brahmaputra River in flood season.

The two countries also signed an agreement under which China has agreed to import non-Basmati rice from India which is likely to bridge the ballooning trade deficit to a certain extent.

The two Memorandum of Understandings (MoUs) were signed after Prime Minister Narendra Modi held detailed discussions with Chinese President Xi Jinping.

Originating from Tibet, the Brahmaputra is one of the major rivers in China. From Tibet it flows down to India and later enters Bangladesh where it joins the Ganga.

Qingdao Declaration: India refuses to endorse China’s One Belt One Road initiative

India was the only country in the eight-nation Shanghai Cooperation Organisation grouping which opposed China’s ambitious Belt and Road Initiative.

India has been severely critical of the BRI, the pet project of Chinese president Xi Jinping, as the $50 billion China Pakistan Economic Corridor (CPEC), which is part of the BRI, passes through Pakistan-occupied Kashmir (PoK). India says it cannot accept a project that ignores its core concerns on sovereignty and territorial integrity.

China had unveiled the BRI in 2013 with an aim to link Southeast Asia, Central Asia, the Gulf region, Africa and Europe with a network of land and sea routes.

11th World Hindi Conference To be Held in Mauritius

The 11th World Hindi Conference will be held in Mauritius from August 18 to August 20, 2018. The theme of the Conference is ‘Hindi Vishwa Aur Bharatiy Sanskriti’.

The conference aims to increase the popularity of Hindi globally.The venue of the Conference is Swami Vivekanand International Convention Centre, Pailles Mauritius.

BANKING AND ECONOMY

CSCs will offer bank services: Goyal

The government will work to enable all 2.9 lakh common service centres (CSCs) in the country to operate as business correspondents of banks.

Business correspondents are retail agents engaged by banks for providing services at locations other than a bank branch or an ATM.

Permitted services include identification of borrowers, collection and preliminary processing of loan applications, collection of small value deposit, disbursal of small value credit, sale of micro insurance, MF products and pension products.

The Department of Telecom (DoT), on the occasion, launched 5,000 WiFi choupals in partnership with CSC which will provide 60,000 WiFi hotspots in rural areas.

CSC e-Governance CEO: Dinesh Tyagi

World Bank forecasts 7.3 per cent growth for India in FY 2018-2019

The World Bank has forecast a growth rate of 7.3 percent for India this year and 7.5 percent for the next two years, making it the fastest growing country among major emerging economies.

A top World Bank official said India’s economy is robust, resilient and has potential to deliver sustained growth.

The growth in South Asia is projected to strengthen to 6.9 per cent in 2018 and to 7.1 per cent in 2019.

APPOINTMENTS

Arvind Saxena appointed as UPSC Chief

UPSC member Arvind Saxena has been appointed as the acting chairman of the commission from June 20.

Saxena, a 1978-batch Indian Postal Service officer, will take over the charge from incumbent Vinay Mittal who completes his term at the Union Public Service Commission (UPSC).

SPORTS

India beat Kenya to lift Intercontinental Cup football title

India won the title of Intercontinental Cup Football Tournament after 2-0 victory in the final against Kenya at the Mumbai Football Arena.

Indian captain: Sunil Chhetri

IMPORTANT DAYS

World Day against Child Labour 2018 – June 12

The World Day against Child Labour is observed every year on June 12.

Child Labour is one of the most atrocious social evils prevalent in the society. Child labour denies a child his/her basic rights such as right to go to school, right to play, right to proper care and nutrition and right to not get exploited.

Theme or campaign for World Day against Child Labour 2018 is: Generation Safe & Healthy.

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