Monthly Current Affairs Quiz - June, 2017

Notes:
Leo Varadkar, the leader of the Fine Gael Party, will become the new Prime Minister of Ireland after defeating his rival Simon Coveney with 60% of votes. Varadkar will become the first gay Prime Minister and will also be the country’s youngest ever leader. He will succeed Taoiseach Enda Kenny as leader of the centre-right party in June 2017.

Notes:
The Gumti Wildlife Sanctuary is located in Tripura that covers an area of about 389.54 sq km. It is home to animals like elephants, sambar, buffalo, yapping deer, sarow, wild goa, etc. The sanctuary is one of the prominent sanctuaries that speck the bush clad landscapes of Tripura; this sanctuary is a sign of the common legacy of the state and affirms the various Tripura wild life and it is one of the best places of the animal visitors.

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 signed a $39.2 million loan agreement with the World Bank (WB) for the ‘citizen-centric service delivery’ project in Assam. The programme size is $49 million, of which $39.2 million will be financed by the World Bank and the remaining amount will be funded out of state budget. The programme duration is 5 years. The purpose of the project is to improve access in the delivery of selected public services in Assam. The Project seeks to enable citizens to access services under the RTPS Act in a timely, efficient, and accountable manner. The Project adopts an integrated approach to improve access and accountability.

Notes:
J P Nadda, the Union Minister for Health and Family Welfare, has launched “Skill for Life, Save a Life” initiative in New Delhi to promote skill development in the health sector. The purpose of the initiative is to upscale the quality and quantity of trained professionals in the healthcare system. Under this initiative various courses are planned in specific competencies for healthcare professionals as well as for general public.

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:
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.

Notes:
Nepal has recently signed a financing agreement with China Gezhouba Group Corporation (CGGC) to build 1,200-megawatt Budhi-Gandaki hydroelectric project. The estimated cost of the project is $2.5 billion. This project will be helpful for Nepal, which is facing acute power shortage.

Notes:
Raj Kamal Jha, the Chief Editor of The Indian Express, has been bestowed with the RedInk Award for the ‘Journalist of the Year’ 2017 for providing exemplary stewardship over the last couple of years to the newspaper; and for pulling it back from an aimless drift to focused reporting and restoring what it has always been known best for—investigative journalism. The award was presented to him by the Maharashtra Chief Minister Devendra Fadnavis on June 7 in Mumbai. The awards are part of the National RedInk Awards for Excellence in Journalism and instituted by the Mumbai Press Club (MPC) to raise the bar of news and feature writing in India and to encourage fair play and high ethical standards in media.

Notes:
Axis Bank has become the first Indian bank to launch a bio-degradable prepaid gift plastic card to offer its customers a simple way of contributing towards environment-friendly payment solutions. The plastic card is made up of Polyethylene Terephthalate Glycol (PETG) and can decompose easily and can also be recycled. The cards will be acceptable at all domestic merchant outlets and online portals. According to a circular issued by the Reserve Bank of India (RBI) on 1 July 2014, the maximum validity of pre-paid gift instruments is 3 years.