Current Affairs – June 07, 2019

Here’s your daily summary of Current Affairs – June 07, 2019

National - Current Affairs - June 07, 2019

Centre reconstitutes eight cabinet committees

1c 3 - Current Affairs - June 07, 2019
The Government has reconstituted eight Cabinet Committees. These are Appointments Committee, Committees on Accommodation, Economic Affairs, Parliamentary Affairs, Political Affairs, Security, Investment and Growth and Cabinet Committee on Employment and Skill Development.
The Cabinet Committee on Security will have Prime Minister Narendra Modi, Defence Minister Rajnath Singh, Home Minister Amit Shah, Minister of Finance and Corporate Affairs Nirmala Sitharaman and External Affairs Minister Dr. S Jaishankar.
Appointments Committee of the Cabinet has Prime Minister Modi and Mr. Shah. While the Cabinet Committee on Investment and Growth will have the Prime Minister and Ministers of Home, Road Transport and Highways, Finance and Corporate Affairs and Railways and Commerce and Industry.


Prime Minister forms two Cabinet panels to spur investment and employment

2c 3 - Current Affairs - June 07, 2019
Prime Minister Narendra Modi will head two separate Cabinet committees on investment & growth and employment & skill development, underscoring the urgency in the new government to revive the slowing economy and generate more jobs.
The Cabinet Committee on Investment & Growth will have four other members — home minister Amit Shah, highways and MSME minister Nitin Gadkari, finance minister Nirmala Sitharaman and commerce & railways minister Piyush Goyal.
The Cabinet Committee on Employment & Skill Development has 10 members and, apart from Shah, Sitharaman and Goyal, they include agriculture minister Narendra Singh Tomar, petroleum minister Dharmendra Pradhan and skill development minister Mahendra Nath Pandey. The other three members are labour minister Santosh Kumar Gangwar, housing and urban development minister Hardeep Singh Puri and HRD minister Ramesh Pokhriyal.


India Test Fires Brahmos Supersonic Cruise Missile from Chandipur Test Range

3c 3 - Current Affairs - June 07, 2019
Supersonic cruise missile BrahMos on Tuesday was test fired from the Integrated Test Range (ITR) at Chandipur in Odisha. The anti-ship version of the missile was launched around noon from the launch complex-3 of the ITR, Defence Research and Development (DRDO) sources said.
Described as the world’s fastest supersonic cruise missile with a high rate of precision and accuracy, BrahMos can be fired from land, sea, and air. The missile, with a strike range of around 290 km, is a strategic asset for India. BrahMos is a joint venture between the DRDO and the NPOM of Russia.


India and France to hold mega air exercise in July

4c 3 - Current Affairs - June 07, 2019
INDIA and France will hold their biggest ever aerial war games Garuda-VI at a French airbase at the end of this month involving the French Rafale and Indian Sukhoi fighter jets. “More than 150 IAF officials will take part in the drills which will begin in the first week of July and continue for a fortnight.” French Rafale fighter jets along with Sukhoi30 fighters will be the main attraction along with IL-78 mid-air refueling tankers.


Google Maps launches three new public transport features in India

5c 3 - Current Affairs - June 07, 2019
Google Maps announced three India-first features on 04th June. Now Google Maps users will be able to see bus travel times from live traffic across 10 of the largest cities in India, get Live train status for Indian Railways trains, and get mixed-mode commute suggestions that now combine auto-rickshaw and public transport.
Announcing the new India-first features, Taylah Hasaballah, Product Manager, Google Maps said; “Google Maps is being used by over a billion travelers to navigate and explore their world, wherever they are.


Business - Current Affairs - June 07, 2019

Second Bi-monthly Monetary Policy Statement: RBI cuts repo rate by 25 bps to 5.75%

6c 3 - Current Affairs - June 07, 2019
To spur economic activity, which decelerated sharply in the January-March quarter, the Reserve Bank India’s Monetary Policy Committee (MPC) unanimously decided to cut the policy repo rate by 25 basis points and change the monetary policy stance from ‘neutral’ to ‘accommodative’.
The policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 5.75 percent from 6.0 percent with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 5.50 percent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.0 percent.
The Reserve Bank of India lowered the economic growth forecast for the current fiscal to 7% due to a slowdown in domestic activities and escalation in a global trade war.


RBI raises retail inflation forecast for Q1 FY20 to 3-3.1%

7c 3 - Current Affairs - June 07, 2019
The Reserve Bank on Thursday raised the retail inflation forecast marginally to 3-3.1 percent for the first half of the current fiscal, tracking uptick in food prices – mainly vegetables, albeit expectations of a normal monsoon this year.
In its first bi-monthly policy for FY20 in April, the Reserve Bank of India (RBI) had forecast the retail inflation to be hovering in the range of 2.9-3 percent for six months till September. However, the retail inflation projection for the second half of this fiscal has been cut to 3.4-3.7 percent as against RBI’s previous projection of 3.5-3.8 percent.


RBI to constitute a panel to review ATM interchange fee structure

8c 3 - Current Affairs - June 07, 2019
The Reserve Bank of India (RBI) on June 6 said that it will constitute a committee to review the Automated Teller Machines (ATM) interchange fee structure.
In its statement on developmental and regulatory policies, the RBI said that a Committee involving all stakeholders, under the chairmanship of the Chief Executive Officer (CEO), Indian Banks’ Association (IBA), will examine the “entire gamut of ATM charges and fees”.


Appointments 330 x 70 - Current Affairs - June 07, 2019

Wipro founder Azim Premji to retire next month

9c 3 - Current Affairs - June 07, 2019
Azim Premji, one of the pioneers of the Indian technology industry and founder of Wipro Limited, will retire as Executive Chairman upon the completion of his current term on July 30, after having led the company for 53 years.
Wipro said that his son Rishad Premji, Chief Strategy Officer and Member of the Board, will take over as the Executive Chairman. Azim Premji, however, will continue to serve on the board as Non-Executive Director and Founder Chairman.


Nigeria’s UN envoy Tijjani Muhammad-Bande elected UNGA President

10c 3 - Current Affairs - June 07, 2019
Nigeria’s Ambassador to the UN Tijjani Muhammad-Bande, elected as the next President of the General Assembly, said he will try and hasten the long-delayed reform process of the Security Council to ensure that the powerful UN organ is more democratic and efficient.
Muhammad-Bande, who will succeed incumbent Maria Fernanda Espinosa, was elected by acclamation on Tuesday as President of the 74th session of the General Assembly, beginning in September.


Sports - Current Affairs - June 07, 2019

Sunil Chhetri becomes India’s most capped international player

11c 3 - Current Affairs - June 07, 2019
Talismanic striker and captain Sunil Chhetri became the most capped player (108) of the national football team when he took the field in India’s opening King’s Cup tie against Curacao at the Chang Arena in Buriram, Thailand. Earlier, he was tied with legendary footballer Bhaichung Bhutia with 107 matches each.


International - Current Affairs - June 07, 2019

Russia launches the first Arctic train service

12c 3 - Current Affairs - June 07, 2019
The first tourist train traveling through Russia’s Arctic region and on to Norway set off from Saint Petersburg station with 91 passengers aboard for the inaugural trial journey. 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.


Obituary - Current Affairs - June 07, 2019

Uttarakhand minister Prakash Pant passed away

13c 3 - Current Affairs - June 07, 2019
Uttarakhand minister Prakash Pant died in the US on June 6 after a prolonged illness. The 58-year-old had been in the US for some time for treatment. Pant was Uttarakhand’s minister for parliamentary affairs and finance besides being in charge of a host of other portfolios. He was a BJP MLA from Pithoragarh in the state assembly and was considered one of the most important and knowledgeable members of Rawat’s cabinet.


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