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:
Bhamidipati Sai Praneeth from India has won the Men’s Singles Crown in the Thailand Open Grand Prix Gold badminton tournament by defeating Indonesia’s Jonatan Christie in a tough three-game final on June 4, 2017 in Bangkok. This is the first Grand Prix Gold title for Sai Praneeth.

Notes:
The Indian Space Research Organisation (ISRO) has successfully launched its 3136 kg GSAT-19 communication satellite with its brand new and heaviest – Geosynchronous Satellite Launch Vehicle Mark-III D-1 (GSLV-Mk III D-1) satellite into Geosynchronous Transfer Orbit (GTO) from the Satish Dhawan Space Centre (SDSC) in Sriharikota, Andhra Pradesh on June 5, 2017. The satellite GSAT-19 has an intended life span of 10 years and is developed to improve telecommunication and broadcasting areas. The GSLV-Mk III is popularly known as “fat boy” and is developed for 15 years at a cost of around Rs 300 crore. The rocket is capable of carrying payloads of up to 4,000 kg into the GTO and 10,000 kg into the Low Earth Orbit (LEO). The GSLV-Mk III is a three stage rocket. Its first stage is made of two strap on motors filled with solid fuel. The second stage uses the liquid fuel and the third is the cryogenic upper stage “C25”, which is powered by the highly complex indigenous cryogenic engine “CE20”. The number 20 denotes the 20-ton thrust it generates for the rocket to reach the intended height with the heavy mass on board.

Notes:
Dr. Sharad Kumar Jain has assumed the additional charge of Director General (DG) of National Water Development Agency (NWDA) under Ministry of Water Resources, River Development and Ganga Rejuvenation. Presently, he is working as Scientist G with National Institute of Hydrology (NIH), Roorkee. Jain succeeds S. Masood Husain who has moved over as Member (WP&P), Central Water Commission.

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 been ranked 51st out of 63 countries in the 2017 IMD World Digital Competitiveness ranking. At the top of the digital ranking is Singapore, followed by Sweden, the USA, Finland and Denmark. For the first time, the IMD World Competitiveness Center has published a separate report ranking countries’ digital competitiveness. The new Digital Competitiveness Ranking (DCR) provides a measure of a country’s ability to adopt and explore digital technologies leading to transformation in government practices, business models and society in general. The ranking is based on three factors, which reflect the standing of a country in the dimensions of Knowledge, Technology and Future Readiness.

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:
Adnan Khashoggi (81), a Saudi Arabian billionaire international businessman, has passed away in London, UK. He was best known for his involvement in arms dealing.

Notes:
Rohan Bopanna from India and his Canadian teammate Gabriela Dabrowski have won the 2017 French Open mixed doubles tournament by defeating the pair of Germany’s Anna-Lena Groenefeld and Colombia’s Robert Farah in the final by 2-6, 6-2, 12-10.

Notes:
Palvai Govardhan Reddy (81), the noted politician from the Indian National Congress (INC) party, has passed away due to heart attack in Kullu Manali, Himachal Pradesh on June 9, 2017. Reddy was in Kullu Manali to attend a Parliamentary committee meeting. Presently, he was representing the Telangana State as a Member of Parliament (Rajya Sabha).