Monthly Current Affairs Quiz - June, 2017

Notes:
Ananya Vinay (12), the 6th-grader from California, has won the 90th Scripps National Spelling Bee competition by successfully spelling “marocain” in the final round at the Gaylord National Resort & Convention Center in National Harbor, Maryland on June 1, 2017. She won $40,000 in cash among other prizes. Ananya is the 13th consecutive Indian-American to win the bee and the 18th of the past 22 winners with Indian heritage, a run that began in 1999 with Nupur Lala’s victory.

Notes:
The World Bank (WB) in its latest report “Global Economic Prospects (GEP)” has projected India’s GDP growth rate at 7.5% in 2018 and 7.7% in 2019. As per the report, the World Bank has also projected a strong 7.2% growth rate for India in FY 2017 against 6.8% growth in 2016, as India is recovering from the temporary adverse effects of demonetisation. However, World Bank has maintained its forecast for global growth in 2017 and 2018 unchanged at 2.7% and 2.9% respectively, as manufacturing and trade are picking up and confidence is improving.

Notes:
The United Nations’ (UN) International Day of Innocent Children Victims of Aggression is observed every year on June 4 to acknowledge the pain suffered by children throughout the world who are the victims of physical, mental and emotional abuse. It is a time for people all over the world to become aware of the impact of monstrosity of abuse, in all its forms, against children. It is also a time when organisations and individuals learn from or take part in awareness campaigns centred on protecting children’s rights. This day affirms the UN’s commitment to protect the rights of children.

Notes:
The United Nations is hosting its first-ever World Oceans Conference at the UN Headquarters in New York, United States from June 5, 2017. The 5-day conference is co-hosted by the Governments of Fiji and Sweden with theme “Our oceans, our future: partnering for the implementation of Sustainable Development Goal 14”. The purpose of the conference is to find solutions to some of the toughest problems facing the oceans — that includes coral bleaching, plastic pollution, overfishing and rising sea levels. It also includes measures to protect coastal and blue carbon ecosystems such as mangroves, tidal marshes, seagrass, and coral reefs, and wider interconnected ecosystems, as well as enhancing sustainable fisheries management, including to restore fish stocks in the shortest time feasible at least to levels that can produce maximum sustainable yield.

Notes:
The Telangana Government has become the only state government in India to launch the single-women pension scheme. Under the scheme, a financial assistance of Rs. 1,000 financial is given to single women of the state per month on humanitarian grounds. The scheme will benefit unmarried women, joginis and divorced women. About 1, 08,302 beneficiaries from 31 Districts have been identified by the officials. The single-women pension scheme is the result of petitions filed on the plight of single women deserted by their husbands and relatives.

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:
The 17th summit of Shanghai Cooperation Organisation (SCO) summit has started in Astana, Kazakhstan from June 8, 2017. In this summit, India and Pakistan has become full members of the organization. The SCO is a Eurasian political, economic, and military organisation which was founded in 2001 in Shanghai by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. It is mainly aimed at military cooperation between the members and involves intelligence- sharing, counter-terrorism operations in Central Asia. Afghanistan, Belarus, India, Iran, Mongolia and Pakistan have observer status.

Notes:
The Anshi National Park is located at a distance of 60 km from Karwar in Uttara Kannada district, Karnataka. It is located in an eco-sensitive part of the Western Ghats, at a height between 200 m to 925 m above sea level. The park is a habitat of melanistic leopard, tigers and elephants, among other wildlife. The reptiles like King Cobra, Krait, Python, Rat snake and Viper are found here. It is home to more than 200 species of birds viz. Adjutant Stork, Ashy Black-crested Crested Serpent Eagle, Great Hornbill, Golden-backed Woodpecker, Bulbul, Blue-headed Pitta, Woodswallow, Brahminy Kite, etc.

Notes:
K G Karmakar and Gauri Shankar have been appointed as new Independent Directors of India Post Payments Bank (IPPB). The Appointments Committee of the Cabinet has approved their appointment to the post on the board of directors of the bank for a period of 3 years. The IPPB has been incorporated as a public sector bank under the Department of Posts with 100% equity of the Government of India (GoI). IPPB will offer demand deposits such as savings and current accounts upto a balance of Rs 1 Lac, digitally enabled payments and remittance services of all kinds between entities and individuals and also provide access to third party financial services such as insurance, mutual funds, pension, credit products, forex, and more, in partnership with insurance companies, mutual fund houses, pension providers, banks, international money transfer organisations, etc.