Monthly Current Affairs Quiz - June, 2017

Notes:
The Reserve Bank of India (RBI) has kept the repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.25% in its 6th bi-monthly and last monetary policy for the financial year 2016-17. Consequently, the reverse repo rate under the LAF remains unchanged at 5.75% and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%. The rates has been decided by the Monetary Policy Committee (MPC) of the RBI, which is headed by RBI Governor Urjit Patel.

Notes:
Pathani Patnaik (89), the renowned litterateur, poet, writer and academician, has recently passed away in Cuttack, Odisha. He was the former principal of Christ College and also served as President of Odisha Sahitya Akademi. He had written over 50 books on different aspects of literature, including short stories and poems and also received the Kendriya Sahitya Akademi Award in 2010 for his autobiography “Jeebanara Chalapatha”.

Notes:
India has been ranked 43rd out of 45 global economies in the 5th edition of Intellectual Property Index (IPI)-2017, as per the latest report titled “The Roots of Innovation” by the US Chamber of Commerce (USCC)’s Global Intellectual Property Center (GIPC). This is the 5th year in a row that India has been ranked at the bottom of the pack in the index. The list is topped by United States, followed by United Kingdom, Germany, Japan and Sweden respectively. The GIPC highlighted the need for the government to build upon the positive rhetoric of its IPR policy with the substantial legislative reforms that innovators need.

Notes:
Ajay Tyagi, a 1984 batch IAS officer of the Himachal Pradesh cadre, has been appointed the new chief of the Securities and Exchange Board of India (SEBI). Currently, Tyagi is an additional secretary at the finance ministry’s economic affairs department and will succeed U.K. Sinha, who retires from the post on March 1, 2017. The chairman of SEBI receives a consolidated pay package of Rs 4.5 lakh per month.

Notes:
Sandeep Jajodia, the CMD of Monnet Ispat & Energy Ltd., has been appointed the new President of industry chamber Associated Chambers of Commerce of India (ASSOCHAM). He succeeded Sunil Kanoria. The ASSOCHAM is one of the apex trade associations of India. The organisation represents the interests of trade and commerce in India, and acts as an interface between industry, government and other relevant stakeholders on policy issues and initiatives.

Notes:
Nilesh Shivji Vikamsey, who has been a member of the ICAI since 1985, has become the new President of Institute of Chartered Accountant of India (ICAI). Prior to this appointment, Vikamsey was the Vice President of the CA institute in 2016-17. ICAI is the national professional accounting body of India. The affairs of ICAI are managed by a council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The council has 32 elected members and eight are nominated by the central government.

Notes:
Surendra Verma, the well-known Hindi scholar and playwright, has been selected for Vyas Samman 2016 for his novel “Kaatna Shami Ka Vriksha : Padma Pankhuri Ki Dhar Se”. It is awarded annually by the K.K. Birla Foundation and includes a cash payout of Rs 3.50 lakhs. To be eligible for the award, the literary work must be in the Hindi language and have been published in the past 10 years.

Notes:
Tata Motors has signed pact with Microsoft India to redefine connected and personalized driving experiences for Indian customers. The purpose of the pact is to provide an enriched mobile experience for its consumers. Tata Motors will leverage Microsoft’s connected vehicle technologies that bring together artificial intelligence (AI), advanced machine learning, and the Internet of Things (IoT) capabilities on the global hyper-scale Azure cloud, to traverse the digital and physical worlds and create a highly personalized, smart and safer driving experience across the digital life of a vehicle owner. The first vehicle developed through this partnership will be unveiled at the 87th Geneva International Motor Show on 7th March 2017.

Notes:
Kalinga Lancers has won the 5th edition Hockey India League (HIL) tournament by defeating Dabang Mumbai by 4-1 in Chandigarh. Uttar Pradesh Wizards claimed the bronze medal. In the encounter between the two losing semi-finalists, UP Wizards beat Delhi Waveriders 5-4. Dabang Mumbai’s Florian Fuchs was named the Player of the Tournament.

Notes:
Indian Test skipper Virat Kohli has been named as the ‘Captain of the Year’ at the 10th annual ESPNcricinfo Awards. Kohli led India to 9 wins out of 12 Tests in the year gone-by. Apart from this, Englishman Ben Stokes won the Test Batting Performance of the Year for his incredible counterattacking innings of 258 runs off 198 balls against South Africa in Cape Town.