Current Affairs Daily Updates: 7th June 2017

Mentor for Bank Exams
Current Affairs Daily Updates: 7th June 2017
Sher Bahadur Deuba elected Nepal’s Prime Minister for the fourth time
  • Nepalese politician Sher Bahadur Deuba elected as Nepal’s Prime Minister for the fourth time.
  • The post of Prime Minister fell vacant after Maoist leader Prachanda resigned in May under a power-sharing deal with the Nepali Congress leader.
  • Mr. Deuba served as the prime minister from 1995 to 1997, from 2001 to 2002, and from 2004 to 2005.
Hoshiar Singh appointed as Chief of Copyrights Office
  • Hoshiar Singh a 1994 batch officer of the Indian Telecom Service appointed as Registrar of Copyrights.
  • His period of five years as per the recent order issued by the Department of Personnel and Training (DoPT).
  • The Copyright Office is under the immediate control of a Registrar of Copyrights, who acts under the superintendence and directions of the Central Government.
Authors Neelakantan, Satpathy to be honoured with Kalinga Awards
  • Popular writer Anand Neelakantan, Odia poet Haraprasad Das and author Paramita Satpathy were announced winners of the Kalinga Literary Awards.
  • The Kalinga International Literary Award, Kalinga Literary Youth Award and Kalinga Karubaki Award will be conferred upon Neelakantan, Das and Satpathy respectively.
RBI keeps Repo Rate unchanged in Second Bi-monthly Monetary Policy Statement, 2017-18
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to:
    • Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25 per cent.
    • Consequently, the reverse repo rate under the LAF remains at 6.0 per cent, and
    • The Marginal Standing Facility (MSF) rate and the Bank Rate at 6.50 per cent.
India Signs Loan Agreement with the World Bank for the project “Assam Citizen Centric Service Delivery”
  • India signed a loan agreement of USD 39.2 million with the World Bank for the Assam Citizen Centric Service Delivery Project.
  • The total Project worth is USD 49 million where 39.2 will be financed by the World Bank and the remainder will be funded out of Assam State Budget.
  • The loan will be provided by the International Bank for Reconstruction and Development (IBRD).
NHB approves merger between Aadhaar Housing Finance and DHFL Vysya Housing Finance
  • The proposed merger between Aadhar Housing Financeand  Dewan Housing Finance Limited (DHFL) got the approval from housing finance regulator National Housing Bank (NHB).
  • Both the companies are owned by Wadhawan family promoted Wadhawan Global Capital Pvt Limited.
  • According to the merger plan, Aadhar Housing will merge into DHFL Vysya, making it a Pan-India company.
Nepal, China signed mega hydropower Agreement
  • Nepal and China signed an agreement to develop a 1,200-megawatt hydropower project, the country’s largest to be built in central Nepal.
  • It is the largest Hydroelectric plant in Nepal.
  • It is being developed by China's Gezhouba Group Corporation and will cost around $ 2.5 million.
  • This is the 2nd major hydro investment after China secured a deal early to develop a 750 Mega Watt project.
Montenegro Becomes NATO’s 29th member
  • Montenegro officially joined North Atlantic Treaty Organization (NATO) and thereby became the 29 member country.
  • Montenegro Foreign Minister Srdjan Darmanovic submitted the official accession papers in a ceremony at the US State Department.
India signs agreement with Sri Lanka for developing Railway sector
  • India signed an agreement to provide assistance of 318 million US Dollar credit line to Sri Lanka for the development of the railway sector in the country.
  • India already provided four Lines of Credit for the development of railway sector in Sri Lanka through its EXIM Bank amounting to approximately USD 966 million.
  • Presently Indian development assistance mainly focuses on improvement of infrastructure, livelihood development, education, healthcare, and capacity building.
Sachin Tendulkar joins UN campaign ‘Super Dads’
  • Cricketing legend Sachin Tendulkar will be joining the likes of Noval Djokovic and David Beckham for a United Nations campaign/initiative titled Super Dads.
  • The UNICEF initiative Super Dad highlights the critical role played by fathers in children’s early development. The initiative that was launched on 6 June 2017, few days ahead of the Father’s Day (18 June), will celebrate fatherhood by highlighting the importance of love, play, protection and good nutrition for the healthy development of young children’s brains.
  • Other participants of the Super Dads campaign include Mahershala Ali, the All Blacks, Daniel Cormier, Lewis Hamilton, Hugh Jackman, ThalĂ­a and Chris Weidman.
Kerala Government implements Green Protocol for making Weddings more Nature Friendly
  • Kerala State Government implemented with a Green protocolto make the weddings in the state more nature-friendly.
  • With the implementation of the protocol, plastic and other non-degradable articles including disposable glasses and plates and Thermo cool decorations will be kept at bay from marriage functions.
  • In Ernakulam, the district administration is issuing green marriage certificate for those weddings which abide by the protocol completely.
Narendra Modi government to scrap UGC, AICTE soon with HEERA
  • The University Grants Commission (UGC) and All India Council for Technical Education (AICTE) the Prime Minister Narendra Modi-led government at the Centre is planning to replace the two education regulators with a new Higher Education Regulator.
  • Higher Education Empowerment Regulation Agency(HEERA) is the name of the newly proposed regulator. This new body will be implemented with the aim of eliminating the overlaps in the jurisdiction and also to remove the irrelevant regulatory provisions.
  • The Human Resource and Development Ministry (HRD) is working with the Niti Aayog towards the implementation of this new proposed regulatory body. They are working to bring the technical as well as the non-technical institutions under the same umbrella.
J P Nadda launches ‘Skill for Life, Save a Life’ initiative
  • Shri J P Nadda, Union Minister for Health and Family Welfare launched the ‘Skill for Life, Save a Life’ initiative at a function.
  • Speaking on the occasion Shri Nadda said that India enjoys a demographic dividend as more than 65% youth are below the age of 35 years and the Government is determined to seize this opportunity by providing adequate skills and employability to the youth for a strong foundation for continued and sustainable growth.
  • ‘Skills for Life, Save a Life’ Initiative’ aims to upscale the quantity and quality of trained professionals in the healthcare system.
  • Under this initiative various courses are planned to be initiated targeting specific competencies for healthcare professionals as well as for general public.
World’s First Hybrid ‘Aeroboat’ announced publicly
  • The world’s first hybrid ‘aeroboat’ built by an Indo-Russian joint venture announced publicly start-ups event organized by Russia’s state-run Skolkovo Foundation.
  • The Aeroboat is capable of traveling on land, water, snow, and sand.
  • The Aeroboat has been designed by International Institute For Advanced Aerospace Technologies (IIAAT).
Ramkumar wins ITF Futures Title in Singapore
  • Indian Tennis player Ramkumar Ramanathan won The International Tennis Federation (ITF) men's Future's Tennis title.
  • He defeated Raymond Sarmiento of United States of America (USA).
  • He was rewarded with cash Prize of $ 15,000 and it was the first title of the season for Ramkumar and 15th of his career.