Current Affairs June 9-10, 2019

In this post, GKToday presents Current Affairs of June 9-10, 2019 in Short Notes form for preparation of IBPS, Banking, CLAT, SSC, Railway, UPSC, IAS/PCS, UPPSC, BPSC, MPPSC, RPSC, TNPSC, MPSC, KPSC and all other competitive examinations of India.

1. On June 6, the 6-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 5.75% from 6.0% with immediate effect in its 2nd bi-monthly monetary policy statement for 2019-20. Repo rate is the interest rate at which the central bank provides liquidity to banks to overcome short-term liquidity mismatches. A repo rate cut allows banks to reduce interest rates for consumers on loans, and lowers equal monthly installments on home loans, car loans and personal loans. Consequently, the reverse repo rate stands adjusted to 5.50%, and the Marginal Standing Facility (MSF) rate and the Bank Rate to 6.0%. Beside this, RBI has also unanimously decided to change the stance of monetary policy from neutral to accommodative. The next meeting of the MPC is scheduled during August 5 to 7.

2. In Russia, the first tourist train service traveling through Russia's Arctic region and on to Norway set off from St. Petersburg station with 91 passengers aboard for the inaugural trial journey on June 5. The tourists came from 7 countries including the US, Germany, Norway and Russia. The train, named Zarengold ("The Tsar's gold" in German), complete with two restaurant cars will travel from Saint Petersburg through Petrozavodsk, the historic town of Kem and Murmansk. At Murmansk, by far the largest city north of the Arctic Circle, the tourists will get off the train and continue by bus to Kirkenes in Norway before ending their journey with a boat trip to Oslo or by air to the island of Spitsbergen. According to the organisers, the whole trip will take 11 days and allow passengers to discover areas difficult to access by other means.

3. In Nagaland, the scenic Dzukou Valley has been officially declared Plastic Free Zone on the occasion of 2019 World Environment Day (WED). The declaration was made officially by Advisor of Youth Resources and Sports, Zale Neikha. The much-appreciated initiative on declaring this scenic valley as a ‘plastic-free zone’ was taken by Southern Angami Youth Organisation (SAYO) in accordance with its pledge to conserve and protect the environment. The Dzukou valley is situated at an altitude of 2452 m above sea level. It is famous for its wide range of flower in every season. The rare Dzükou Lily is found only in this valley.

4. Sunil Chhetri has become the India’s highest capped footballer by surpassing Bhaichung Bhutia's 107 international matches. In his milestone match of the King's Cup football tournament in Buriram, Thailand, he scored the lone goal for his side in the 31st minute from a spot kick for his 69th goal. However, his effort did not make any difference as India ranked 101, lost 1-3 to higher ranked Curacao. The 82nd ranked Caribbean island nation has two players associated with English Premier League and some others in European leagues. They scored three goals in the space of 18 minutes through Roly Bonevacia, Elson Hooi and Leandro Bacuna.

5. Facebook has launched its first interactive game show titled "Confetti" in India, which will start from June 12 on its dedicated video platform - Facebook Watch. The interactive show will air from Wednesday to Sunday and will challenge participants to answer pop culture trivia questions for a chance to win Rs 3 lakh as cash prize every day. In 2018, the social networking giant globally rolled out Facebook Watch as its video-on-demand service in an attempt to take on its rival YouTube. The video service allows users to enjoy videos from different genres, including entertainment, sports and news in their personalised “Watch Feed” that carries a collection of recent videos from the pages they follow.

6. The US aircraft maker Boeing co and national airports body Airports Authority of India (AAI) have signed a technical assistance agreement for developing a comprehensive roadmap for modernisation of air traffic services in the country. The air traffic services comprise Communication, Navigation and Surveillance (CNS) and Air Traffic Management (ATM). The 10-year modernisation roadmap will be undertaken with a grant from the US Trade and Development Agency (USTDA ). The agreement is aimed at developing a roadmap for AAI to use as guidance in the modernisation of the Indian National Airspace System (NAS) based on global and local best practices to optimally utilize airspace capacity, enhance CNS/ATM. Under the agreement, Boeing will analyse current technologies and processes to identify efficiency improvements that can be implemented while maintaining a practical and safe airspace system.

7. Indian-American Congresswoman, Pramila Jayapal has become the first South Asian American woman to preside over the US House of Representatives. She is a Democrat from Washington DC. The 116th Congress broke records with women and lawmakers crossing racial and religious barriers, including an all time high for Asian American lawmakers. A record number of 17 Asian Americans serve in Congress, with 14 in the House and three in the Senate.

8. Indian tennis player Sidharth Rawat defeated Rio Noguchi of Japan to win his first title in the $25,000 ITF men’s Futures tennis tournament on June 2, 2019. With the ATP points being restored for events of this level, he will be able to improve his current rank of 510. He had a career-best rank of 430.

9. China has successfully launched a space rocket from sea for the first time and became the third nation to successfully demonstrate the ability to launch satellites into orbit from a floating platform after Russia and United States. The China National Space Administration (CNSA) has announced that a Long March 11 rocket was launched from a floating launch pad in the Yellow Sea just off the coast of Shandong on 5th June 2019. China now spends more than Russia and Japan on its civil and military space programmes. Earlier this year, China became the first nation to land a rover on the far side of the moon. It also unveiled ambitious plans to build a research base on the lunar surface, send a probe to Mars and build a space station in Earth orbit.

10. Finance Minister Nirmala Sitharaman will attend the two-day meeting of G-20 Finance Ministers and Central Bank governors in Japan on June 8 and 9. This will be the first overseas visit of Ms. Sitharaman as Finance Minister. Besides Ms. Sitharaman, RBI Governor Shaktikanta Das is also likely to attend the meeting at Fukuoka in Japan. Among other things, the meeting is likely to focus on risks and challenges being faced by the global economy, investment in infrastructure and international taxation. G-20, which is a group of developing and developed nations, includes India, the U.S., the U.K., China, Russia, Saudi Arabia, Brazil, France and Australia. The G20 meetings, convened annually since 1999, provide a forum for key countries in the international financial system to discuss major international economic issues and to coordinate to achieve the stable and sustainable growth of the global economy.


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