Current Affairs Update – 6 June, 2017


Hello and welcome to exampundit. Here are the important Current Affairs update of 6 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 - 6 June, 2017
  1. India’s public sector bank, Vijaya Bank is going to develop 100 digital villages spread across various states of the country.
  2. India on 5 June 2017 signed a USD 39.2 million loan agreement with the World Bank for the Assam Citizen Centric Service Delivery project.
  3. India today signed an agreement with Sri Lanka to provide USD 318 million as line of credit to develop the island nation’s railway sector, officials said.
  4. The Union government would be retrofitting 10 lakh conventional street lights with LED lights in Gram Panchayats of 7 districts in Andhra Pradesh.
  5. The Government of Kerala has implemented a ‘green protocol’ to make auspicious occasions such as weddings more nature-friendly.
  6. Habibganj Railway Station, located in the suburbs of Bhopal, will become India’s first railway station to be redeveloped in a Public-Private Partnership (PPP) mode.
  7. The world's fastest elevator that can operate at a record breaking speed of 1260 metres per minute is set to been installed in a skyscraper complex building in China.
  8. Popular writer Anand Neelakantan, Odia poet Haraprasad Das and author Paramita Satpathy were on 6 June 2017 announced as the winners of the Kalinga Literary Awards.
  9. The United Nations Russian Language Day was observed on 6 June 2017.
  10. Real Madrid made history on 3 June 2017 as they became the first team ever to win back-to-back Champions League titles.





Banking & Financial News

Vijaya Bank set to develop 100 digital villages


  • India’s public sector bank, Vijaya Bank is going to develop 100 digital villages spread across various states of the country.
  • The move is being undertaken by the bank as a part of its initiative to promote digital banking among the rural population.
  • Speaking on the development, Executive Director of the bank, B S Rama Rao said that Vijaya Bank is the only public sector financial institution to develop digital villages with a focus on rural areas and it has already developed five villages including the one in Guntur district.
  • The project of 100 digital villages will be inaugurated within a month.
  • The digital villages will comprise services such as internet, Wi-Fi connectivity, mobile payment facilities, ATM cards and online banking among others.
  • The bank would also be running a door-to-door campaign to educate the villagers.
  • It will also open bank accounts to all the eligible villagers including children and encourage them to make transactions digitally.
  • The bank’s digital villages project was developed even before the announcement of demonetisation.
  • Already, the bank has developed 5 villages into Digital Villages.
  • Out of the 100, Andhra Pradesh will be getting 10 digital villages.

India signs loan agreement with World Bank for Assam Citizen Centric Service Delivery project


  • India on 5 June 2017 signed a USD 39.2 million loan agreement with the World Bank for the Assam Citizen Centric Service Delivery project.
  • The loan will be provided by the International Bank for Reconstruction and Development (IBRD), an international financial institution under the World Bank that offers loans to middle-income developing countries.
  • The loan agreement was signed by Raj Kumar, Joint Secretary under Department of Economic Affairs, Ministry of Finance on behalf of India and Hisham Abdo, Manager Operations (India) on behalf of the World Bank.
  • The Implementing Entity Agreement was signed by the Additional Chief Secretary, Assam Government and the Country Director (India) on behalf of the World Bank.
  • The total estimated cost of the Assam Citizen Centric Service Delivery project is USD 49 million, out of which USD 39.2 million will be financed by the World Bank. The remaining funds will be utilised from the Assam Budget.
  • The objective 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 Assam Right To Public Services Act, 2012 in a timely, efficient, and accountable manner.
  • The Project adopts an integrated approach to improve access and accountability.
  • The programme duration is of 5 years.





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India, Sri Lanka sign pact for $318 million line of credit


  • India today signed an agreement with Sri Lanka to provide USD 318 million as line of credit to develop the island nation’s railway sector, officials said.
  • The agreement was signed by RHS Samaratunga, Secretary, Ministry of Finance and Mass media, and David Rasquinha, Managing Director of India’s Export0Import Bank in Colombo.
  • During his first visit to Sri Lanka as prime minister in 2015, Narendra Modi had declared a line of credit of USD 318 million for the development of Sri Lanka’s railway sector.
  • That visit, the first standalone bilateral visit by an Indian prime minister since 1987, had come in the backdrop of increasing Chinese presence in the Indian Ocean nation.
  • China has been investing heavily in Sri Lanka, developing mainly ports that could potentially be used as a base for its navy, though Beijing says the investments are part of its Belt and Road Initiative that aims to link it with Europe and Africa via the Indian Ocean.
  • India has provided four lines of credit to Sri Lanka to develop its railway sector, amounting to USD 966 million.

News related to India and states

Government to implement India’s first Rural LED Street Lighting Project in AP


  • The Union government would be retrofitting 10 lakh conventional street lights with LED lights in Gram Panchayats of 7 districts in Andhra Pradesh.
  • The project would be undertaken through the Energy Efficiency Services Limited (EESL) under the Ministry of Power.
  • This is the first project for rural LED street lighting in the country under the Government of India’s Street Lighting National Project (SLNP).
  • In the first phase, the replacement will be undertaken in gram panchayats of the districts of Guntur, Prakasham, Nellore, Kurnool, Kadapa, Ananthapur and Chittoor.
  • This replacement drive will enable the gram panchayats to cumulatively save approximately 147 million units of electricity annually and lead to reduction of 12 Cr tonnes of CO2.
  • A French Development Agency, Agence Française de Développement (AFD), is funding the entire capital cost of the project.
  • The EESL would be carrying out the entire annual maintenance and warranty replacement in these gram panchayats for a period of 10 years.

Kerala Government implements 'green protocol' for weddings


  • The Government of Kerala has implemented a ‘green protocol’ to make auspicious occasions such as weddings more nature-friendly.
  • With the implementation of the protocol, the use of plastic and other non-degradable articles including disposable glasses, plates and thermocol decorations would be prohibited at marriage functions.
  • Instead, people would be encouraged to use tumblers, plates and utensils made from glass and other environment-friendly metals.
  • To ensure proper implementation of the protocol, inspections will be held at marriage halls, convention centres, hotels and other venues of the wedding ceremony.
  • Special squads, comprising officials of Suchitwa Mission and revenue department, have been formed to carry out inspections in wedding halls and record the ceremony.
  • Strict action would be taken in case of any violation based on the nature of utensils and articles found.
  • Suchitwa Mission', the state nodal agency for sanitation, has already launched the initiative on a pilot basis in some districts of the state including Kannur, Ernakulam, Kollam and Alappuzha.

Habibganj Railway Station to become India’s first private railway station


  • Habibganj Railway Station, located in the suburbs of Bhopal, will become India’s first railway station to be redeveloped in a Public-Private Partnership (PPP) mode.
  • The station redevelopment work in the railway station will be launched on 9 June 2017 by Railway Minister Suresh Prabhu.
  • The project aims at developing Habibganj Railway Station as a as a world-class transit hub equipped with all amenities.
  • The operation and maintenance of the railway station has been given to Bhopal-based Bansal Group for a period of eight years.
  • The Bansal Group plans to completely overhaul the station and develop four commercial land parcels to make Habibganj a commercial hub with shops, offices and hotels, all within three years.
  • The environment-friendly railway station will be powered by solar energy.
  • The station will also have facilities for disabled. It will have lifts, escalators and travelators and underpasses.
  • The station will be redesigned in such a way that the premises, in case of a emergency, can be evacuated in four minutes and passengers can reach designated points of safety in six minutes.
  • The Bansal Group will be responsible for all the facilities at the station like food stalls, retiring rooms, power, platform maintenance, et cetera. However, the Group will not be responsible for core operations such as train and parcel movement, signalling and ticketing.

World News

World's fastest elevator to be installed in skyscraper complex building in China


  • The world's fastest elevator that can operate at a record breaking speed of 1260 metres per minute is set to been installed in a skyscraper complex building in China.
  • The record-breaking speed was recorded during a test of the elevator at the CTF Finance Center, a 530-meter tall skyscraper in the city of Guangzhou, China.
  • The test was conducted for technology development of Hitachi elevators. However, the elevator in Guangzhou will only run at its rated speed of 72 kilometers per hour when it is in service.
  • The elevator has been developed by the Japanese tech company Hitachi.

Nepal, China sign MoU for construction of Budhigandaki Hydropower Project


  • Nepal on 5 June 2017 signed a Memorandum of Understanding (MoU) with China for construction of 1200-megawatt Budhigandaki Hydropower Project.
  • The agreement was signed at Kathmandu, Nepal by Nepal Energy Minister Janardan Sharma and Lv Zexiang, President of China Gezhouba Water & Power (Group) Co Ltd (CGGC).
  • Budhigandaki Hydropower Project will be developed on Engineering, Procurement, Construction and Finance (EPCF) model. Under this model, CGGC will help arrange funds required to develop the project.
  • As per the MoU, CGGC has one year time to conduct assessment of the hydropower project and arrange necessary funds for its development.

Awards & Honors

Anand Neelakantan, Haraprasad Das, Paramita Satpathy to be honoured with Kalinga Literary Awards


  • Popular writer Anand Neelakantan, Odia poet Haraprasad Das and author Paramita Satpathy were on 6 June 2017 announced as the winners of the Kalinga Literary Awards.
  • Neelakantan was chosen for the Kalinga International Literary Award, Haraprasad Das was chosen for the Kalinga Literary Youth Award and Satpathy was chosen for the Kalinga Karubaki Award.
  • They will receive the award during the Kalinga Literary Festival 2017 which will be held from 10 June to 12 June 2017.
  • Around 200 celebrities from the world of literature, cinema, media and politics will be present at the Kalinga Literary Festival in Bhubaneswar to deliberate on the theme 'Literature for Peace and Harmony'.

Days

United Nations observes 2017 Russian Language Day


  • The United Nations Russian Language Day was observed on 6 June 2017.
  • The day is observed annually to maintain the equality of all six official UN languages. These six official languages are English, Arabic, Spanish, Chinese, Russian and French.
  • The decision to hold days of languages was adopted by the UN Department of Public Information on the eve of the International Mother Language Day, celebrated annually on 21 February, at the initiative of the United Nations Educational, Scientific and Cultural Organization (UNESCO).
  • The purpose of the days of the UN languages is to raise awareness of the history, culture and the development of each of the six official UN languages among the staff of the Organization.
  • The UN Russian Language Day coincides with the birthday of Aleksandr Pushkin, a Russian poet who is considered the father of modern Russian literature.

Sports News

Real Madrid becomes first team to win back-to-back Champions League titles


  • Real Madrid made history on 3 June 2017 as they became the first team ever to win back-to-back Champions League titles.
  • Real Madrid defeated Juventus 4–1 to win a record-extending 12th title. With this victory, Real Madrid became the first team to successfully defend their title in the Champions League era, and the first to do so since Milan in 1990.
  • The Millennium Stadium in Cardiff hosted the final.






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