Monthly Current Affairs Quiz - June, 2017

Notes:
The Union Information and Broadcasting Minister, M. Venkaiah Naidu has recently released the annual year book ‘India-2017’ and ‘Bharat-2017’ at a function in Shastri Bhawan, New Delhi on February 6, 2017. The book published by the Publications Division gives comprehensive information about the country and various States and Union Territories including functioning of the government and the economy. The book also gives a glimpse of flagship programmes of the government, important events of the year and the story of Indian States and Union Territories with their vital statistics. Beside this, the electronic version of the Year Book has also launched that provides latest technical features and has a variety of reader-friendly features like searchable content, referencing and is priced at 25% less than the print books.

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:
The International Monetary Fund (IMF) has opened South Asia Training and Technical Assistance Center (SARTTAC) in New Delhi for economic capacity building in South Asia. The center is a collaborative venture between the IMF, the member countries (Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka) and development partners. It was officially inaugurated by Shaktikanta Das, Secretary of Department of Economic Affairs, on February 13, 2017. The SARTTAC is IMF’s first fully-integrated capacity development center, which has strategic goal to help its member countries strengthen their institutional and human capacity to design and implement macroeconomic and financial policies that promote growth and reduce poverty.

Notes:
The Canara Bank has signed a Memorandum of Understanding (MoU) with the Ministry of Human Resource Development (MHRD) to operationalise the Higher Education Financing Agency (HEFA). HEFA has been formed as a special purpose vehicle. It would leverage the equity to raise up to Rs. 20,000 crore for funding projects for infrastructure and development of world class Labs in IITs/IIMs/NITs and such other institutions. HEFA would also mobilise CSR funds from PSUs/corporates, which would in turn be released for promoting research and innovation in these institutions on a grant basis. The purpose of the HEFA is to create high quality infrastructure/capital assets in premier educational institutions. All the centrally funded higher educational institutions would be eligible for joining as members of HEFA.

Notes:
The Ahmedabad-based Entrepreneurship Development Institute of India (EDII) has won the prestigious International Mercury Awards for the year 2016-17 for the best overall presentation of its 2015-2016 annual report. The EDII is an autonomous and not-for-profit national resource institute for entrepreneurship education, research, training and institution-building. The Mercury Awards, founded in 1987, promote excellence, quality and performance in the various fields of public relations. The award entertains participation from agencies, associations, corporations, government agencies, nonprofit groups, and organizations from around 80 countries worldwide every year.

Notes:
The 29th edition of the International Yoga festival has started at Parmarth Niketan along the banks of holy Ganges River in Rishikesh, Uttarakhand from March 1, 2017. The week-long event is jointly organised by the AYUSH ministry, Uttarakhand Tourism Development Board, Parmarth Niketan and Garhwal Mandal Vikas Nigam and was inaugurated by the Governor of Uttarakhand K K Paul. Nearly 70 saints, yogacharyas, presenters and experts from more than 20 countries around the world are participating this year at the festival.

Notes:
The Indian Ocean Rim Association (IORA) summit will be held in Jakarta, Indonesia on March 7 with the theme of “Strengthening Maritime Cooperation for a Peaceful, Stable and Prosperous Indian Ocean”. The summit will discuss ways to strengthen maritime cooperation and fight against violent extremism. Leaders and representatives of the 21 member states and seven dialogue partners of IORA are expected to attend the summit. From India, Vice President Hamid Ansari will attend the IORA Summit. The IORA Summit is expected to provide momentum to the strengthening of cooperation in the Indian Ocean region.

Notes:
The book “Numbers Do Lie: 61 Hidden Cricket Stories” has been authored by former Indian cricketer Akash Chopra along with Impact Index statistical system so that all the stories are fact based and backed by statistics. This new book has facts about cricket that even the biggest cricket fan might not know. It is an attempt to challenge and enrich conventional readings and redefine them by looking at the big picture. The Impact Index is a statistical system that examines every performance in a cricket match and series context. The book combines 7 years of Impact Index’s work resulting in a book backed by statistical facts.

Notes:
Manjeev Singh Puri, a 1982 batch IFS officer, has been appointed as the new Ambassador of India to Nepal. He will succeed Ranjit Rae. Currently, Puri is India’s Ambassador to the European Union, Belgium and Luxembourg.

Notes:
Nirmala Sitharaman, the Union Minister of State for Commerce and Industry, has recently launched a new scheme “Trade Infrastructure for Export Scheme (TIES)” in New Delhi for developing export linked infrastructure in states with a view to promote outbound shipments. The purpose of the TIES is to bridge the infrastructure gap and provide forward and backward linkages to units engaged in trade activities. The scheme will be implemented from April 1, 2017 and will have budgetary allocation of Rs 600 crore for three years with annual outlay of Rs 200 crore. The scheme would provide assistance for setting up and up-gradation of infrastructure projects with overwhelming export linkages like the Border Haats, Land customs stations, quality testing and certification labs, cold chains, trade promotion centres and export warehousing and packaging.