Monthly Current Affairs Quiz - June, 2017

Notes:
The Securities and Exchange Board of India (SEBI) has formed committee to improve standards of corporate governance of listed companies. The committee under the chairmanship of Uday Kotak, chief of Kotak Mahindra Bank, will submit the report within a period of 4 months. The committee would make recommendations to SEBI on ensuring independence in spirit of independent directors and their active participation in functioning of the company and steps for improving safeguards and disclosures pertaining to related party transactions. Besides, the panel would suggest measures for addressing issues faced by investors on voting and participation in general meetings and ways for improving effectiveness of board evaluation practices.

Notes:
Real Madrid has won the 2017 UEFA Champions League football competition by defeating Juventus 4–1 in the final. This is the first time in UEFA Champions League a team won consecutive seasons. Thus, Real Madrid became the first team in the UEFA Champions League era to successfully defend their title. Real Madrid is a professional football club based in Madrid, Spain.

Notes:
India has acquired the top position among 30 developing countries on ease of doing business at the 2017 A.T. Kearney Global Retail Development Index (GRDI). The 2017 GRDI titled “The Age of Focus” ranked China at second place, followed by Malaysia, Turkey, United Arab Emirates (UAE) and Vietnam. The 16th edition of GRDI ranked top 30 developing countries for retail investment worldwide and analyzed 25 macroeconomic and retail-specific variables to help retailers devise successful global strategies to identify emerging market investment opportunities.

Notes:
The Abohar Wildlife Sanctuary is located in the Fazilka District of Punjab. The formation of sanctuary relates to a unique success story of wildlife conservation in which people of Bishnoi community united themselves for protecting the Black Buck which is regarded as a sacred animal by them. It is also the State Animal of Punjab. It is home to several varieties of flora and fauna viz. Albizia lebbeck, Acacia nilotica, Azadirachata indica, A. tortilis, Wild Boar, Blue Bull, Porcupines, Hare, Jackal, etc.

Notes:
India has signed a $39.2 million loan agreement with the World Bank (WB) for the ‘citizen-centric service delivery’ project in Assam. The programme size is $49 million, of which $39.2 million will be financed by the World Bank and the remaining amount will be funded out of state budget. The programme duration is 5 years. The purpose of the project is to improve access in the delivery of selected public services in Assam. The Project seeks to enable citizens to access services under the RTPS Act in a timely, efficient, and accountable manner. The Project adopts an integrated approach to improve access and accountability.

Notes:
Prime Minister Narendra Modi has inaugurated the 5th international conference of Spic Macay on June 5, 2017 at the Indian Institute of Technology (IIT) Delhi via video conferencing. The 7-day conference coincides with the 40th year of inception of SPIC MACAY. Every year Spic Macay organizes an International Convention to expose the youth from across the world to the rich and multi-hued culture of India. It is the Society for the promotion of Indian classical music and culture amongst youth.

Notes:
India has been ranked 45th out of 63 countries in the IMD’s world competitiveness rankings 2017. The list is compiled by the Switzerland-based International Institute for Management and Development (IMD)’s World Competitiveness Center (WCC). Hong Kong has topped the list, followed by Switzerland, Singapore, United States, Netherlands, Ireland and Denmark. The IMD measures how well countries manage all their resources and competencies to facilitate long-term value creation.

Notes:
India has signed an agreement with Sri Lanka to provide fresh assistance of $318 million credit line to develop the island nation’s railway sector. The agreement was signed in Colombo, Sri Lanka on June 6, 2017. India has already provided four Lines of Credit for the development of railway sector in Sri Lanka through its EXIM bank amounting to approximately $966 million. These credit facilities have been utilized to improve the Southern and Northern railway lines and for the procurement of rolling stocks for the Sri Lanka Railways.

Notes:
As per second bi-monthly monetary and credit policy review for 2017-18 of the Reserve Bank of India (RBI), the policy repo rate under the liquidity adjustment facility (LAF) remain unchanged at 6.25%. Consequently, the reverse repo rate under the LAF remains at 6.0%, Cash Reserve Ratio (CRR) remains at 4% and the Marginal Standing Facility (MSF) rate and the Bank Rate at 6.50%.Though, the Central bank has cut the Statutory Liquidity Ratio (SLR) by 0.5%. It has projected inflation in the range of 2% to 3.5% for first half of 2017-18 and 3.5% to 4.5% for the second half. It has also cut the growth projection for current fiscal to 7.3% from 7.4%.

Notes:
Sachin Tendulkar has joined UNICEF’s ‘Super Dads’ campaign that highlights the critical role played by fathers in children’s early development. The campaign features stars from the world of entertainment and sport including David Beckham, Novak Djokovic, Mahershala Ali, Lewis Hamilton and Hugh Jackman. The UNICEF campaign will celebrates Father’s Day and highlights the importance of love, play, protection and good nutrition for the healthy development of young children’s brains. The heart-warming videos and photos of celebrity dads in the campaign will be coupled with stories of super dads from across the world, including those who are doing their best to raise their children in extremely difficult circumstances.