DAILY CURRENT AFFAIRS : June 2, 2019

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Daily Current Affairs (June 2, 2019) 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 NEWS

Nirmala Sitharaman to present her first Union Budget on July 5

• New Finance Minister Nirmala Sitharaman will present her first Union Budget for 2019-20 on July 5. The Economic Survey will be presented by new Chief Economic Adviser Krishnamurthy Subramanian on July 4.
• The first session of the 17th Lok Sabha is set to begin on June 17 and will continue till July 26. The house will elect a speaker on June 19.
• Ms Sitharaman, 59, is the senior most woman minister in PM Modi’s cabinet and the second woman to head the finance department after late former prime minister Indira Gandhi.

Punjab to ban online delivery of food without hygiene rating as per FSSAI guidelines

• Punjab State government plans to ban online delivery of food without hygiene rating as per the Food Safety and Standards Authority of India (FSSAI) guidelines.
• The announcement was made by the Health Minister Brahm Mohindra announced on 30 May. The decision was taken under the ‘Tandarust Punjab Mission’.
  
  Conditions laid by the State:
• Health Minister of the State Brahm Mohindra has issued directions to all online food order and supply companies to display the hygiene rating of the food business operators registered with them.
• The State has given three months for compliance with the law. After the deadline, no online food order will be delivered in the state without the hygiene rating.
• The online food companies can take orders from consumers and deliver it after procuring the hygiene rating from the Food Business Operators associated with them.

Food Safety and Standards Authority of India (FSSAI):

• Formed on: August 2011
• Headquarters: New Delhi
• Chairperson: Rita Teotia
• CEO: Pawan Kumar Agarwal
• Parent Organization: Ministry of Health & Family Welfare

India removes restriction on air space usage

• Indian Air Force (IAF)removed all temporary restrictions on all air routes in the Indian airspace. The IAF made the announcement on Twitter.
• The IAF imposed restrictions following air strikes on a terror camp at Balakot in Pakistan on 27th February.  India imposed restrictions which did not allow any aircraft flying over Pakistan airspace to use entry or exit points into India.
• Since February 27, flights on these sectors were taking longer routes leading to an increase in flying time by up to three hours.
  

About Indian Air Force (IAF) 

• Founded: 8 October 1932
• Headquarters  : New Delhi
• Commander-in-Chief : President Ram Nath Kovind

PepsiCo to build Rs 500 crore food plant in Uttar Pradesh

• PepsiCo India will invest nearly ₹500 crore to build a food manufacturing plant in Uttar Pradesh. It will invest $2.1 bn in India by 2022, which is part of the $5.5 bn it had promised in November 2013.
• It is part of PepsiCo’s efforts to expand capacity in India’s growing packaged foods market. The makers of Lay’s chips and Kurkure snacks, PepsiCo will invest along with its local bottling partner.
• PepsiCo’s global chairman and CEO:- Ramon Laguarta. PepsiCo, which sells Tropicana, 7Up, Mountain Dew and Kurkure chips, among others, services the domestic market through 62 food and beverage plants.
• The bottling operations are owned by its local partner Varun Beverages.The packaged snacks and foods market in India is expected to grow 22.3% between 2018 and 2022.

NITI Aayog suggested a National Project Management Policy Framework

• A task force on project management, headed by NITI Aayog CEO Amitabh Kant, has suggested the development of a National Project Management Policy Framework for the effective execution of public sector and public-private partnership infrastructure projects.
• It has also recommended the setting up of a nodal body for the certification of chartered project management professionals to create world-class infrastructure. 
• The project management, with a view to delivering on time and within budget, is a learnable capability that can be institutionalised as demonstrated by the experiences of the U.S., the U.K., the UAE, and China.

NITI Aayog

• Formed: 1 January 2015
• Proceeding: Planning Commission
• Headquarters: Delhi
• Chairman: Narendra Modi
• Vice Chairman: Rajiv Kumar
• CEO: Amitabh Kant

INTERNATIONAL NEWS

United Nations to cut 1,000 troops from Somalia force

• United Nations Security Council decided to cut 1,000 troops from a regional peacekeeping force in Somalia despite a rise in attacks by the Al-Shabaab militia in Mogadishu.
• The council voted unanimously to draw down the African Union Mission in Somalia but left the door open for the council to revisit that decision if violence worsens. 
• African Union Mission in Somalia will gradually hand over security to Somali forces under a transition plan agreed in 2017.
• The United Nations is seeking to shore up stability in Somalia, where Al-Qaeda-linked Al-Shabaab fighters have been seeking to topple the government for a decade.

About United Nations Security Council

• Formation: ‎1945    
• Abbreviation: ‎UNSC
• Head: ‎President Teuku Mifdhal Fadhly

Russia rejected an Iranian request to buy S 400 missile defence systems

• Russia has rejected an Iranian request to buy S-400 missile defence systems, concerned that the sale would stoke more tension in the Middle East. 
• The request was rebuffed by President Vladimir Putin on condition of anonymity because they’re not authorized to discuss the matter. Iranian Foreign Minister Mohammad Javad Zarif visited Moscow May 7.
• Russia’s Foreign Ministry didn’t reply to a request for comment, and Iranian officials couldn’t be reached for a response.
  
  US Sanctions:
• The US recently imposed more anti-Iranian sanctions and sent an aircraft carrier and bombers to the Gulf over what it described as a threat of attack from Iran on its forces and allies.

The US formally terminated India’s eligibility for a duty free import scheme

• The United States on formally terminated India’s eligibility for a duty-free import scheme for developing countries on 31 May. 
• It cited that India has not given assurances it will provide equitable and reasonable access to its markets to US companies as required under relevant American trade laws.
• The US President Donald Trump has said the country would end its preferential trade treatment for India on June 5.
  
  India-The biggest beneficiary:
• Notably, India is the biggest beneficiary of the US’ Generalized System of Preferences (GSP). It sold an estimated $6.3 billion worth of goods to the United States under this program in 2018.

Pakistan approves Rs 930 crore fund to support stock market

• Pakistan has approved a fund of 2,000 crore Pakistani rupees (₹930 crore) to help boost its stock market. Pakistan’s stock market has been one of the world’s worst performing over the past two years.
• The fund is expected to invest in government-owned entities and would be activated if those stocks were to decline in value.

GOVERNMENT SCHEMES

Govt extends PM-KISAN scheme, announces Rs 6,000 cash handout scheme to all farmers

• In the first Cabinet meeting, Modi led new government decided to extend PM- KISAN scheme to all 14.5 crore farmers in the country costing Rs 87,000 crore a year and also announced over Rs 10,000 crore pension scheme for 5 crore farmers, thereby fulfilling the BJP’s poll promise.
• The Rs 75,000-crore Pradhan Mantri Kisan Samman Siddhi (PMKSS – PM Kisan) was announced in the interim Budget under which the government decided to provide Rs 6,000 per year (in three equal instalments) to an estimated 12.5 crore small and marginal farmers holding land up to 2 hectares.
• Now, the revised scheme envisages to cover around 2 crore more farmers increasing the coverage of the PM- KISAN to around 14.5 crore beneficiaries.
  

Farmer pension scheme:

• Cabinet also approved the Pradhan Mantri Kisan Pension Yojana under which small and marginal farmers will get a minimum fixed pension of Rs 3,000 per month on attaining the age of 60 years.
• The scheme will cost the exchequer a total of ₹10,000 crore per annum.
• New Union Minister of Agriculture and Farmers welfare – Narendra Singh Tomar

Cabinet approves Rs 3,000 pension scheme for small shopkeepers, retail traders

• The newly-inducted Union Cabinet approved a new scheme which assures minimum monthly pension of ₹3,000 per month to small shopkeepers, retail traders and the self-employed people after attaining the age of 60 years.
• This is being done as part of the Modi government’s efforts to offer universal social security. The scheme will benefit three crore retail traders and shopkeepers.
• Five crore traders are expected to join the scheme in the next three years.

BUSINESS & ECONOMY

Forex reserve rises by 1.99 billion to 419.99 billion

• India’s foreign exchange reserves increased by 1.994 billion to 419.992 billion US Dollar in the week ended 24th May 2019.  RBI released that foreign currency assets rose by 1.991 billion to 392.188 billion US Dollar.
• In the previous week, the reserves had declined by 2.05 billion to end at 417.99 billion US Dollar.  Gold reserves remained stable at 23.021 billion US Dollar.
• India’s special drawing rights with the International Monetary Fund went by 0.8 million to 1.445 billion US Dollar, while the country’s reserve position also increased by 2 million to 3.336 billion US Dollar. 

Rs 21,738 Crore Naval Helicopters to be new Govt’s First Defence Buy

• The Rs 21,738-crore procurement of 111 light Naval Utility Helicopters (NUH) for the Navy is on track to be the first big procurement of the new National Democratic Alliance (NDA) government.
• At least three international original equipment manufacturers (OEMs) submitted proposals to build their helicopters through an Indian industry designated as “strategic partner” (SP).
• The OEMs who have responded include Lockheed Martin, Airbus and Bell Helicopters. The proposal for building 111 helicopters allows the OEM to deliver the first 16 from its home production facility, but at least 95 helicopters must be manufactured in India with an ambitious level of 60 per cent indigenisation stipulated.
• This NUH acquisition, which the defence ministry green lighted on August 25, is the first one being processed under the SP procurement model.

APPOINTMENTS & RESIGNS

Anita Bhatia appointed as Deputy Executive Director in UN Women

• Indian-origin Anita Bhatia, a veteran in strategic partnerships, resource mobilization, and management, has been appointed by United Nations Secretary-General Antonio Guterres as the United Nations Entity for Gender Equality and the Empowerment of Women (UN-Women) for Resource Management, Sustainability, and Partnerships. The agency focussed on women empowerment and gender equality.
• The key appointment comes less than a week after Guterres appointed decorated Indian Army officer Lieutenant General Shailesh Tinaikar as his new Force Commander of the UN Mission in South Sudan. 

Yoga Instructor, Namrata Menon appointed as brand ambassador to promote yoga in Goa

• State Health Department of Goa announced the appointment of Panaji-based, Namrata Menon, Yoga Instructor, and fitness expert, as brand ambassador to promote yoga in Goa.
• She is appointed to promote the ancient system of physical and mental practices to raise awareness about the benefits of yoga so that people follow it on a daily basis.
• She is practicing yoga for 17 years. The main objective of this initiative is to increase awareness about the benefits of yoga and encourage people to inculcate a healthy lifestyle.
• The Panaji-based expert has been practicing yoga since the last 17 years and has been instrumental in inspiring many people to take up the ancient practice that involves a range of postures (asanas).

AWARDS & RECOGNITION

Former Indian President of India Pratibha Patil conferred the Orden Mexicana del Aguila Azteca award

• Former Indian President Pratibha Patil has been conferred the “Orden Mexicana del Aguila Azteca” (Order of the Aztec Eagle), the highest civilian award of Mexico given to foreigners, on 1 June 2019.
• The Ambassador of Mexico to India, Melba Pria,conferred the award on Patil, who created history as this country’s first woman President (2007-2012), at a special ceremony held in the MCCIA Bhavan, Pune.
  
  Recognized for:
• Mexico’s highest distinction for foreigners is in recognition of their outstanding services to the Mexican nation or humanity, significant contributions to strengthening the bilateral relations between Mexico and other countries.
  
  Other India Awardees:
• Ms. Patil, 85, becomes only the second Indian head of state to get the award. Earlier, the late President S. Radhakrishna had been conferred this honour.
• Other Indian recipients in various categories include Nobel laureate Amartya Sen, renowned artist Satish Gujral, industrialist Raghupati Singhania, Consul-General of Mexico in Mumbai Rajju Shroff and others.

SCIENCE & TECHNOLOGY

Astronomers discovered the Forbidden Planet, NGTS- 4b in the Neptunian Desert

• An international collaboration of astronomers with the University of Warwick, I-JK, have discovered an exoplanet, Next-Generation Transit Survey (NGTS)- 4b, the Forbidden Planet, in the Neptunian Desert. It is smaller than Neptune but 3 times the size of the Earth.
• The Research was led by Dr. Richard West including Professor Peter Wheatley, Dr. Daniel Bayliss and Dr. James McCormac from the Astronomy and Astrophysics Group at the University of Warwick.
• This information was published in the Journal Monthly Notices of the Royal Astronomical Society(MNRAS). The Forbidden Planet with a mass of 20 Earth masses, radius 20% smaller than Neptune and temperature of 1000 degree Celsius, orbits around the star in only 1.3 days and its atmosphere as gases.
• NGTS, situated at the European Southern Observatory Paranal Observatory in the Atacama Desert, Chile.

SPORTS NEWS

ICC announces content partnerships with Facebook, YouTube and Twitter for World Cup

• ICC has entered into content partnerships with global social media platforms Facebook, YouTube and Twitter to cater to the huge interest from fans in this event.
• Fans can enjoy recaps, reports, live scores, behind-the-scenes and other content across the ICC’s digital channels.

IMPORTANT DAYS

June 01 – Global Day of Parents

• The Global Day of Parents is observed on the 1st of June every year. The Day was proclaimed by the UN General Assembly in 2012 and honors parents throughout the world.
• The day provides children with an opportunity to appreciate parents for their livelong sacrifice and endless love.
• 2019 Theme – “Honor Your Parents”

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