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:
The World Environment Day (WED) is observed every year on June 5 to raise awareness about forests and wider issues of environmental protection. The 2017 theme is ‘Connecting People to Nature’. It implores us to get outdoors and into nature, to appreciate its beauty and to take forward the call to protect the Earth that we share. The host country for the WED 2017 is Canada, where the official celebrations take place.

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:
Real Madrid has won the 2017 UEFA Champions League football competition by defeating Juventus 4–1 in the final. This is the first time in UEFA Champions League a team won consecutive seasons. Thus, Real Madrid became the first team in the UEFA Champions League era to successfully defend their title. Real Madrid is a professional football club based in Madrid, Spain.

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:
India has acquired the top position among 30 developing countries on ease of doing business at the 2017 A.T. Kearney Global Retail Development Index (GRDI). The 2017 GRDI titled “The Age of Focus” ranked China at second place, followed by Malaysia, Turkey, United Arab Emirates (UAE) and Vietnam. The 16th edition of GRDI ranked top 30 developing countries for retail investment worldwide and analyzed 25 macroeconomic and retail-specific variables to help retailers devise successful global strategies to identify emerging market investment opportunities.

Notes:
Sudha Singh from Uttar Pradesh has won a gold medal in the women’s 3000m steeplechase at the 21st Federation Cup National Senior Athletics Championship in Patiala, Punjab on June 4, 2017. In the men’s 3000m steeplechase event, it was Naveen Kumar of Haryana who took the gold with a time of 8:50.85.

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:
Sher Bahadur Deuba, the Nepali Congress President, has been sworn-in as the new Prime minister of Nepal at Rashtrpati Bhawan in Kathmandu, Nepal. Deuba has taken the charge of prime minister for the 4th time. He first became PM in 1995 and later in 2001 and 2004. The 2017 Election for new prime minister was held due to resignation by the CPN (Maoist Centre) Chief Pushpa Kamal Dahal from the post of prime minister. Dahal had resigned on May 24 as per the power sharing understanding with the coalition partner Nepali Congress.

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%.