CURRENT AFFAIRS ( 1-10 JUNE)
1.The first session of 17th Lok Sabha from June 17th
i.The first session of the 17th Lok Sabha will commence on 17th of this month. The Rajya Sabha will have its sitting from 20th onwards. Information and Broadcasting Minister Prakash Javdekar stated the session will continue till 26th of next month (July).
ii. The election for the Speaker of the Lower House will be held on 19th of June. The President will address the Joint sitting of both the Houses of Parliament on the 20th. The Economic Survey will be tabled on the 4th of July and the Union Budget will be presented on the 5th of July.
2.Nirmala SitharamanTo Present First Union Budget On 05th July
i. The first session of the newly-elected Lok Sabha has been convened from 17th June to 26th July 2019 and the new government of Prime Minister Narendra Modi will present its first Budget on 05th July 2019 by Nirmala Sitharaman, who is Minister of Finance and Minister of Corporate Affairs. The 40-day session will have 30 sittings.
1. The election for Lok Sabha Speaker will take place on 19th June’19.
2. The Economic Survey, which gives the status of the country’s economy, will be presented in Parliament on 04th July’19.
3. Nirmala Sitharaman is the only woman to hold the portfolio (Minister of Finance) after former Prime Minister Indira Gandhi.
4. The Modi government had on 01st February 2019 presented the interim Budget in view of the upcoming Lok Sabha elections.
3.India removes restriction on air space usage
i. The Indian Air Force (IAF) has removed all the temporary restrictions on all air routes in the Indian air space. The Indian Air Force had put temporary airspace restrictions on Indian air space on February 27.
ii. Incidentally, Pakistan had extended the restriction on Indian aircraft overflying its territory till June 15 earlier this week.
4.Financial Literacy Week to be observed during June 3-7
i. Financial Literacy Week 2019 to be observed from June 3-7 on the theme of “Farmers” and how they benefit by being a part of the formal banking system. Financial Literacy Week is an initiative of RBI to promote awareness of key topics every year through a focused campaign. Growth in agriculture is necessary for the overall economic growth and finance is an essential enabler for the same. RBI is actively involved in formulating policies that enhance the flow of credit to the farming community.
5.ONGC topples IOC to regain most profitable public sector company
i. ONGC, India’s top oil and gas producer, has toppled Indian Oil Corp (IOC) to regain the crown of being the country’s most profitable public sector company. According to earnings statements of the listed companies, Oil and Natural Gas Corp (ONGC) reported a 34 percent jump it’s in 2018-19 fiscal net profit to Rs 26,716 crore.
ii. In comparison, IOC registered a net profit of Rs 17.274 crore for the fiscal year ended March 31, 2019. ONGC, in the previous two financial years, had lost the most profitable PSU tag to IOC.
Important Takeaways for SSC CGL/RRB NTPC Mains-
• The headquarters of ONGC is in New Delhi.
• Shashi Shankar is Chairman and Managing Director of ONGC
6.Chandrani Murmu became the youngest MP in India’s history
i. In a first, a 25-year-old engineering graduate from Odisha has become the youngest Member of Parliament tothe 17thLokSabha.
ii. Odisha has a total of seven women MPs, making it the first state ever to have 33 percent or the largest share of women MPs of its total of 21 seats.
iii. ChandraniMurmu, who has replaced DushyantChautala, was elected as Biju Janata Dal (BJD) candidate from the Keonjhar seat, as the youngest parliamentarian in the country.
7.Nilekani panel suggests 24×7 RTGS, NEFT, elimination of all charges
i. To encourage digital payments, the NandanNilekani committee has suggested a host of measures, including elimination of charges, round-the-clock RTGS and NEFT facility, and duty-free import of point-of-sales machines.
ii. The committee, which was appointed by the RBI had submitted its suggestions on promoting digital payments to Governor Shaktikanta Das last month.
• NEFT is a nation-wide payment system.
• RTGS (Real Time Gross Settlement) is the fastest possible money transfer system through the banking channel.
• The minimum amount of transfer required for RTGS is Rs. 2 lakh
8.Jay-Z Named World’s 1st Billionaire Rapper By Forbes Magazine
i. Jay-Z has been named the world’s first billionaire rapper by Forbes.
ii. Apart from a $100 million stake in subscription-based streaming service Tidal, the 49-year-old rapper’s assets also include shares in Uber and an art collection worth $70 million each.
9.RBI approves appointment of Rakesh Makhija as chairman of Axis Bank
i. Axis Bank stated that the Reserve Bank of India has approved the appointment of Rakesh Makhija as chairman of the bank.
ii. Mr. Makhija will be independent director as the non-executive (part-time) chairman of the bank, for a period of 3 years, with effect from July 18, 2019, up to July 17, 2022.
10.WHO award for Rajasthan Health Department
i. The World Health Organization has selected the Rajasthan government’s Medical & Health Department for its award this year in recognition of its achievements in the field of tobacco control.
ii. The department’s Additional Chief Secretary, Rohit Kumar Singh has received the award at a function to mark World No Tobacco Day in New Delhi. The Health Department of the State is the only government body in the country which will be awarded for its tobacco-free initiatives.
• Kalyan Singh is the current Governor of Rajasthan.
• Ashok Gehlot is Chief Minister of Rajasthan.
11. International Day of Innocent Children Victims of Aggression: 4th June
i. The International Day of Innocent Children Victims of Aggression is a United Nations observance each on 04th June. It was established on 19th August 1982.
12.. World Bicycle Day: 03rd June
i. The United Nations General Assembly declared 3 June as International World Bicycle Day.
ii. The resolution for World Bicycle Day recognizes the uniqueness, longevity, and versatility of the bicycle, which has been in use for two centuries.
13.‘2nd Global Disability Summit’ To Be Held In Buenos Aires
i. The ‘2nd Global Disability Summit’ will be held in Buenos Aires, Argentina. The Indian delegation will be headed by Union Minister for Social Justice and Empowerment ThaawarchandGehlot.
ii. The objective of the summit is to deliberate on issues across the world concerning empowerment and inclusion of Persons with Disabilities (PwDs) and to work out a mechanism for enabling them to live an independent and dignified life.
Static/Current Takeaways Important For LIC AAO Mains 2019:
The ‘1st Global Disability Summit’ was held in London in July 2018
14.Sunder Pichai, Nasdaq’s Friedman To Receive 2019 Global Leadership Award
i. In the United States, Google’s India-born CEO SundarPichai and Nasdaq president Adena Friedman have been chosen for the prestigious Global Leadership Awards 2019 by business advocacy group USIBC in recognition of the two companies’ contribution as the leading technology-driven platforms.
ii. The award by Washington-based US-India Business Council (USIBC) would be conferred upon Indian-American Pichai, 46, and Friedman, 50, during ‘India Ideas Summit’.
15.Global Gender Equality Index Released: India Ranks 95, Denmark Tops
i. India ranked 95th out of 129 countries in a new index that measures global gender equality looking at aspects such as poverty, health, education, literacy, political representation and equality at the workplace. The list was topped by Denmark.
ii. Chad was placed at bottom most position (129th). The Sustainable Development Goals Gender Index has been developed by UK-based Equal Measures 2030, a joint effort of regional and global organizations.
16.World Environment Day: 5th June
i. Since its inception in 1974, World Environment Day is celebrated every year on June 5thin more than 100 countries.
ii. The theme for World Environment Day 2019 is ‘Beat Air Pollution’.
• Dr Harsh Vardhan is the present Minister of Earth Sciences.
17.Ashis Ray’s Book On World Cup “Cricket World Cup: The Indian Challenge” Launched
i. “Cricket World Cup: The Indian Challenge” – a book on the history of the tournament from an Indian perspective by veteran broadcaster and writer Ashis Ray – has been formally unveiled by the chief executive of the England and Wales Cricket Board, Tom Harrison.
18. Delhi Metro Becomes India’s 1st Project To Receive Power From Waste-To-Energy
i. The Delhi Metro Rail Corporation (DMRC) has become the first ever project in the country to receive power generated from a waste-to-energy plant. It has started receiving 2 MW power from a 12 MW capacity waste-to-energy plant set up in Ghazipur.
ii. The waste-to-energy plant set up by East Delhi Waste Processing Company Limited (EDWPCL) is based on a Public Private Partnership (PPP) involving the Delhi government and East Delhi Municipal Corporation (EDMC), besides the EDWPCL.
19.Azim PremjiTo Retire As Executive Chairman of Wipro in July
i. IT Industry icon Azim Premji will retire as Executive Chairman of Wipro with effect from 30th July 2019. He led the company for 53 years. He will continue to serve on the board as Non-Executive Director and founder Chairman.
ii. His son RishadPremji, Chief Strategy Officer and a board member, will take over as the Executive Chairman of the company.
20. World Food Safety Day: 7 June
i. World Food Safety Day is observed every year on 7th June.
ii. The theme for World Food Safety Day 2019 is ‘Food Safety, Everyone’s Business’
21.Traffic Index-2018: Mumbai ‘Most Congested’, Delhi Ranks 4th
i. Mumbai ranked first in the study, ‘Traffic Index-2018’, compiled by location technology specialist TomTom, with a congestion level of 65%, while New Delhi ranked fourth with congestion of 58%.
ii. The study covered 403 cities in 56 countries and defined congestion as the extra time added to road travel when traffic doesn’t flow freely.
22. 2019 FIFA Women’s World Cup Starts In France
i. The 2019 FIFA Women’s World Cup is the 8th edition of the FIFA Women’s World Cup, the quadrennial international football championship contested by the women’s national teams between 7 June and 7 July 2019.
ii. The Championship will be held in nine cities across France. In March 2015, France won the right to host the event, the first time the country will host the tournament.
23.1. Maldives to confer its highest award ‘NishanIzzuddin’ on PM Modi
i. Maldives will confer ‘NishanIzzuddin’ award on Prime Minister Narendra Modi. It is the highest award to honour foreign nationals.
ii. Prime Minister Narendra Modi will arrive in Male on the first leg of his two-nation tour to the Maldives and Sri Lanka. This will also be the first bilateral visit to the Maldives of an Indian Prime Minister after 2011.
• Male is the capital of Maldives.
• The Maldivian rufiyaa is the currency of the Maldives.
• Ibrahim Mohamed Solih is the current President of the Maldives.
24.6. World Oceans Day: 8th June i. World Oceans Day takes place every 8 June. We celebrate World Oceans Day to remind everyone of the major role the oceans have in everyday life. They are the lungs of our planet, providing most of the oxygen we breathe. The theme of World Oceans Day 2019 is ‘Gender and the Ocean’.
25.Yuvraj Singh Announces Retirement From International Cricket
i. Yuvraj Singh announced retirement from international cricket, ending a roller-coaster career during which he became the hero of India’s 2011 World Cup triumph and fought a gritty battle with cancer.
ii. The 37-year-old cricketer announced his decision in Mumbai. Yuvraj played 40 Tests, 304 ODIs and 58 T20Is for India. He put together 1900 runs in the longest format, and 8701 in the one-dayers, the format in which he enjoyed the most success.