Current Affairs Update – 13 June, 2017


Hello and welcome to exampundit. Here are the important Current Affairs update of 13 June, 2017. These are important for the upcoming  RBI Grade B Phase I, Dena Bank PGDBF, NICL AO Mains and other exams in 2017 July and August.





Current Affairs at a Glance - 13 June, 2017
  1. The Reserve Bank of India (RBI) announced on Tuesday that it has issued Rs 500 denomination notes with inset letter A. However, the old notes, which were introduced after Prime Narendra Modi’s demonetisation drive in November 2016 will continue to remain the legal tender.
  2. India to be a co-partner in a global food and beverages trade ANUGA to be held in Cologne, Germany from October 7-11, this year.
  3. The Insurance Regulatory and Development Authority of India (IRDAI) has announced taking over the management of the Sahara India Life Insurance Company.
  4. The Centre has approved proposals for setting up of 100 Ayurveda, Unani, Siddha, and Homeopathy (AYUSH) hospitals across the country.
  5. Pema Khandu, Chief Minister of Arunachal Pradesh, on 12 June 2017 reiterated demand for a separate time zone for the north-eastern states.
  6. The Union Government on 13 June 2017 constituted an expert committee to examine the rules which allow free movement of Indian and Myanmarese citizens within 16 kilometres of the border but are exploited by militants for smuggling arms, drugs and fake Indian Currency.
  7. Indian superstars Shahrukh Khan, Salman Khan and Akshay Kumar are among Forbes’ annual list of the highest-earning entertainers in the world. Shah Rukh Khan, ranks 65th on the list. Salman Khan is on the 71st spot. Akshay Kumar is ranked 80th on the list
  8. Project Jal Sanchay, a water conservation model adopted successfully by the authorities in Nalanda district of south-central Bihar, has been selected for the national award for excellence in the Mahatma Gandhi national rural employment guarantee programme (MGNREGP) by the Union ministry of rural development.
  9. A book titled Indira Gandhi: A Life in Nature authored by Jairam Ramesh was released on 10 June 2017 at the Indira Gandhi Memorial Museum in New Delhi.
  10. The International Albinism Awareness Day was observed on 13 June 2017 with an aim to end multiple forms of discrimination that is faced by people who suffers from albinism.





Banking & Financial News

RBI issues new Rs 500 notes with inset letter A, old notes to remain valid


  • The Reserve Bank of India (RBI) announced on Tuesday that it has issued Rs 500 denomination notes with inset letter A. However, the old notes, which were introduced after Prime Narendra Modi’s demonetisation drive in November 2016 will continue to remain the legal tender.
  • The central bank, in a statement, said that this was in continuation of the issue of Rs 500 denomination banknotes in Mahatma Gandhi (new) series, which were notified on November 8, 2016. From time to time, the bank introduces new series of legal tender.
  • "In continuation of issuing of Rs 500 denomination banknotes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a new batch of banknotes with inset letter "A" in both the number panels, bearing the signature of Urjit R Patel, Governor, Reserve Bank of India; with the year of printing '2017' on the reverse, are being issued," an official statement said.
  • This comes after RBI Deputy Governor N S Vishwanathan said in March that the central bank did not have any plan to introduce new denomination currencies as it wanted to encourage cashless transactions in the country, according to IANS.
  • Arun Ram Meghwal, minister of state for finance, said that the government was not planning to print Rs 5,000 and Rs 10,000 currency notes, Financial Express reported.
  • The RBI had announced on December 16, 2016 that it would issue Rs 500 notes with the inset letter ‘E’ in both the number panels, the report added.

India to be co-partner in global food trade fair ANUGA


  • India to be a co-partner in a global food and beverages trade ANUGA to be held in Cologne, Germany from October 7-11, this year.
  • Ministry of Food Processing Industries has signed a Memorandum of Understanding (MoU) with ANUGA, world's largest promotional and investment trade fair organised in Germany.
  • The aim of signing this MoU is to create a business platform for Indian Food Processors and exporters and also to put Indian food and cuisine at Global platform. It will double the income of farmers and connect India to world markets.
  • Minister of Food Processing Industries Harsimrat Kaur Badal said that 'Partnership of ANUGA and the Government of India, Ministry of Food Processing Industry is bound to create next level of market for Indian food processing industries.
  • ANUGA has over 7000 exhibitors showcasing vide variety of food products from 98 countries and approximately 2 million visitors from 187 countries.




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IRDAI takes over management of Sahara India Life Insurance Company


  • The Insurance Regulatory and Development Authority of India (IRDAI) has announced taking over the management of the Sahara India Life Insurance Company.
  • Insurance regulator, IRDAI in an order issued in New Delhi on 12 June 2017 said that Subrata Roy run insurer was "acting in a manner" prejudicial to the interest of subscribers.
  • IRDAI appointed one of its general managers, RK Sharma, as administrator to manage the affairs of the insurer with "immediate effect". IRDA appointed RK Sharma (GM (F&A-NL)) the administrator of Sahara India Life Insurance Company by exercising the powers granted under section 52 A of the Insurance Act, 1938.
  • The Administrator shall conduct the management of the business of the insurer as per applicable provisions of the Insurance Act, 1938.
  • The regulator said it has "reasons" to believe that Sahara India Life Insurance Company "is acting in a manner likely to be prejudicial to the interest of holders of life insurance policies".
  • IRDAI further said it will be the endeavour of the administrator to ensure the servicing of the policyholders and managing the affairs of the insurer in a smooth manner as far as feasible.


News related to India and states

Centre to set up 100 AYUSH hospitals across country


  • The Centre has approved proposals for setting up of 100 Ayurveda, Unani, Siddha, and Homeopathy (AYUSH) hospitals across the country.
  • The same was revealed by the Minister of state for AYUSH, Shripad Yesso Naik. The Minister said that during the last three years the Union government had approved posting of 4000 AYUSH doctors in primary health centres across the country. He added that their salaries are being paid by the Union government.
  • The minister further stated that an AYUSH hospital equivalent to AIIMS would be opened within a month in New Delhi.
  • Besides this, the Union Ministry had approved setting up of two 50-bedded integrated AYUSH hospitals at Theni and Tiruvannamalai districts in Tamil Nadu.
  • Further, a total of Rs 283.6 lakh has been released out of sanctioned amount of Rs 563 crore for conservation and development of medicinal plants across Tamil Nadu.

Arunachal Pradesh demands separate time zone to improve efficiency


  • Pema Khandu, Chief Minister of Arunachal Pradesh, on 12 June 2017 reiterated demand for a separate time zone for the north-eastern states.
  • The demand is made to improve work efficiency and save electricity in the north-eastern region of the country.
  • Khandu stated that several daylight hours are getting wasted as government offices opens only at 10 AM and closes as early as 4 PM.
  • n North East India, the day starts getting brighter by 4 AM and darker by 5 PM. Productive hours at offices, mainly government offices, are usually for only 7 hours.
  • Establishments like theatres, restaurants see increased business in the summer months when there is more daylight. People tend to stay out more rather than calling it a night.
  • Khandu demanded that the north-eastern states should be allowed to advance their clocks by some time (approximately 0.5-1 hour) to save more daylight hours.

MHA panel to examine rules on people's movement near Indo-Myanmar border


  • The Union Government on 13 June 2017 constituted an expert committee to examine the rules which allow free movement of Indian and Myanmarese citizens within 16 kilometres of the border but are exploited by militants for smuggling arms, drugs and fake Indian Currency.
  • The committee will be headed by the special secretary (Internal Security) in the Ministry of Home Affairs.
  • The decision to constitute the committee was taken at a meeting of the chief ministers of northeastern states which share a porous border with Myanmar. The meeting was chaired by Home Minister Rajnath Singh.
  • The committee will prepare standard operating procedures common to all the four states so that militants, criminals and contraband are filtered at the border without causing inconvenience to genuine people. It will give its report for uniform and effective implementation of free movement regime within three months.

Lists

Shah Rukh, Salman, Akshay in Forbes’ highest earning celebrities list


  • Indian superstars Shahrukh Khan, Salman Khan and Akshay Kumar are among Forbes’ annual list of the highest-earning entertainers in the world.
  • The Forbes list of the ‘World’s Highest-Paid Celebrities of 2017’ has been topped by American rapper and entrepreneur Sean Combs, known by his more famous stage name ‘Diddy’, with earnings of 130 million dollars.
  • SRK, 51, ranks 65th on the list, with earnings of USD 38 million, tied with singer and actress Jennifer Lopez. “King Khan continues to bank big from starring roles in Bollywood movies. He also cashes in on endorsement deals for dozens of brands most Americans have likely never heard of,” Forbes said.
  • Salman is on the 71st spot with USD 37 million in earnings, tied with English singer-songwriter Ed Sheeran. Forbes said Salman continues to produce and star in films, which earn well at the box office.
  • Akshay, 49 is ranked 80th on the list with earnings of USD 35.5 million, tied with musician Bon Jovi. “Kumar, a king of the Bollywood box office for over a quarter of a century, mints millions through both starring and ensemble roles,” Forbes said.
  • The list also includes American singer and icon Beyonce on the second spot with earnings of USD 105 million. Author J K Rowling, with USD 95 million, is at number three. R&B musician Drake is at the number four spot with USD 94 million. Football star Cristiano Ronaldo (USD 93 million) rounded out the top five.
  • Forbes said together, the world’s 100 highest-paid celebrities banked a cumulative USD 5.15 billion during the June 2016 to June 2017 scoring period.


Awards & Honors


Bihar’s ‘Project Jal Sanchay’ Chosen for National Award


  • Project Jal Sanchay, a water conservation model adopted successfully by the authorities in Nalanda district of south-central Bihar, has been selected for the national award for excellence in the Mahatma Gandhi national rural employment guarantee programme (MGNREGP) by the Union ministry of rural development.
  • The award for excellence will be conferred on 19 June 2017 at a function organised at Vigyan Bhawan in New Delhi. The water conservation model has been developed in the state’s chief minister Nitish Kumar’s native district.
  • Speaking on the occasion, Nalanda deputy development commissioner (DDC) Kundan Kumar said that the water conservation programme had begun just as an administrative initiative but it soon turned into a people’s movement.
  • Under the project, check dams were created and traditional Aahar-Pyne irrigation system and traditional water bodies were desilted and renovated.
  • Campaigns about the usefulness of rainwater harvesting were also carried out.


World News

Toyota to develop a new system that could predict heart attack


  • Scientists are developing a new system that would be able to predict if a car driver is about to have a heart attack. The feature would help avoid road accidents due to an unexpected cardiac event.
  • Speaking on the development, Kayvan Najarian, a researcher from the University of Michigan in the US, noted that when a person has a medical emergency behind the wheel, fellow passengers and motorists also face the risk of death or serious injury.
  • Najarian further said that a large number of traffic incidents are caused by medical conditions while driving, specifically cardiovascular events, such as myocardial infraction and myocardial ischemia.


Books & Authors

Indira Gandhi: A Life in Nature authored by Jairam Ramesh launched


  • A book titled Indira Gandhi: A Life in Nature authored by Jairam Ramesh was released on 10 June 2017 at the Indira Gandhi Memorial Museum in New Delhi.
  • The book was launched by Congress president Sonia Gandhi in the presence of former ministers, bureaucrats and environmentalists.
  • The first copy of the book, published by Simon & Schuster, was presented to the Congress President, former Prime Minister Manmohan Singh, former minister Karan Singh and Priyanka Gandhi.

Days

International Albinism Awareness Day observed on 13 June


  • The International Albinism Awareness Day was observed on 13 June 2017 with an aim to end multiple forms of discrimination that is faced by people who suffers from albinism.
  • Albinism results in a lack of pigmentation (melanin) in the hair, skin and eyes, causing vulnerability to the sun and bright light. As a result, almost all people with albinism are visually impaired and are prone to developing skin cancer. There is no cure for the absence of melanin that is central to albinism.






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