Monthly Current Affairs Quiz - June, 2017

Notes:
The 4th BIMSTEC Summit-2017 will be held in Nepal, which is likely to be announced in the 17th session of BIMSTEC Senior Officials’ Meeting (SOM) that has started at Kathmandu, Nepal on February 2, 2017. In the meeting, delegates of member countries will review the progress made by BIMSTEC and recommend future course of action to strengthen regional cooperation among the group. The BIMSTEC was founded in 1997 and is an international organisation involving a group of countries in South Asia and South East Asia. These are: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.

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:
Mohit Ahlawat (21) from Delhi has become the first batsman in the world to score a triple century in a T20 match at a level. He achieved this feat in a local T20 tournament at Delhi’s Lalita Park, playing for Maavi XI against Friend’s XI. Mohit’s unbeaten 300 run innings came off just 72 balls and was laced with a staggering 39 sixes and 14 boundaries. In professional cricket, the highest individual score in T20 cricket belongs to Chris Gayle, who made 175 runs in just 66 balls for Royal Challengers Bangalore. The highest individual in international cricket is 156 that Aaron Finch smashed in 63 balls for Australia against England.

Notes:
The Pakistan Navy has started its 5th edition of multinational naval exercise “AMAN – 2017” at the Navy Dockyard in Karachi. The 2017 theme is ‘Together for peace’ and focus is on maritime security including counter-piracy and counter terrorism operations at sea. The naval exercise will include ships, aircraft, helicopters, Special Operations Forces (SOF), Explosives Ordinance Disposal (EOD), marine teams and observers from regional as well extra-regional navies. The 4-day naval drill involves 37 countries such as Australia, China, Indonesia, Turkey, Sri Lanka, UK, Unites States, Japan and Russia.

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:
Bollywood megastar Shah Rukh Khan will host the Hindi version of popular international show “TED Talks”, which is the super-inspiring and super-influential talk series. Star India will air the Indian version “TED Talks India: Nayi Soch” in summer 2017 but a definite telecast date is yet to be announced. This is the first time TED is collaborating with a network and mega-star to produce a TV series featuring original TED Talks in a language other than English.

Notes:
Altamas Kabir (68), the former Chief Justice of India (CJI), has recently passed away in Kolkata, West Bengal on February 19, 2017. Justice Kabir was the Chief Justice at Supreme Court for a brief period of nine months in 2012-13. As the Chief Justice, he was part of the Supreme Court Bench which heard the case of the two Italian marines in 2013. He would be remembered for the gentle yet firm nature with which he handled court work as well as his administrative job as the head of India’s judicial system.

Notes:
The 9th edition of BRICS Summit will be held in Xiamen city, China from September 3 to 5, 2017. The theme of this year’s event is ‘BRICS: Stronger Partnership for a Brighter Future’.

Notes:
India’s GDP growth rate has been projected to 7% for FY17, as per latest survey by the Organisation for Economic Co-operation and Development (OECD). In its Economic Survey of India (ESI), the Global think-tank has stated that demonetisation may have impacted short term growth but the long term effects would include important gains going forward. It suggested that India should bring down corporate tax rate from 30% to 25%. Beside this, OECD has also estimated India’s GDP growth rate to 7.3% for FY18 and 7.7% for FY19. The OECD is a global policy forum that promotes policies to improve the economic and social well-being of people around the world.

Notes:
The book “Mr and Mrs Jinnah: The Marriage that Shook India” has been authored by well-known journalist Sheela Redddy. The author sketches an illuminating portrait of Ruttie Petit, whose marriage to Mohammad Ali Jinnah shocked Bombay society of that time. The book provides a comprehensive history of the Jinnahs, as well as the era of their marriage, its lengthy descriptive passages are spliced with amusing excerpts from Ruttie’s letters.