Monday, 5 June 2017

Current Affairs: Daily GK Update 04th-05th June 2017

Dear Readers,




Study Daily Current Affairs from Daily GK Update on bankersadda and Adda247 app, and stay updated as well as prepare for General Awareness section of bank exams. Its time to gear up your preparations for RBI Grade-B Phase-1 Exam and with the daily dose of current affairs you can easily prepare G.A and score well.

World Environment Day: 5 June

i. World Environment Day (WED) is the biggest annual event for positive environmental action and takes place every on 5 June. This year’s host country is Canada.
ii. The theme for World Environment Day 2017 is "Connecting People to Nature".

Static Takeaways-
  • The World Environment Day is an important part of Canada’s 150th birthday celebrations
  • The WED is organized around the world by United Nations
  • The WED was celebrated for the first time in 1974
  • The host country for 2016 was Angola.

i. India has successfully test-fired its first all weather tracked-chassis Quick Reaction Surface-to-Air Missile (QR-SAM) from a mobile launcher at Integrated Test Range at Chandipur in Odisha.
ii. The test was carried out for validating various parameters of the sophisticated weapon system to further strengthen its air defence system.

Static Takeaways-
  • APJ Abdul Kalam Island in Odisha was previously called as Wheeler Island
  • General Bipin Rawat is the 27th Chief of Army Staff of the Indian Army.

SEBI forms committee on corporate governance

i. Market regulator Securities and Exchange Board of India (SEBI) has set up a committee under the Chairmanship of Uday Kotak, Executive Vice Chairman and Managing Director of Kotak Mahindra Bank to help improve the standards of corporate governance of listed companies in India.
ii. Besides Kotak, the panel comprises of 20 members including representatives of Corporate India, stock exchanges, professional bodies, investor groups, chambers of commerce, law firms, academicians and research professionals.

Static Takeaways-
  • Ajay Tyagi is the current Chairman of SEBI
  • SEBI is Headquartered in Mumbai, Maharashtra
  • Kotak Mahendra Bank is Headquartered in Mumbai and it was founded in 2003.

i. The GST (Goods and Services Tax) Council has cleared the pending rules, including transition provisions and returns, with all the States agreeing to the July 01st 2017 rollout of the tax. Transition rules have been cleared and everybody has agreed for a July 1 rollout,” according to Kerala Finance Minister Thomas Isaac.
ii. The GST Council last month fitted over 1,200 goods and 500 services in the tax brackets of 5, 12, 18 and 28 per cent. Union Finance Minister Arun Jaitley has chaired the 15th meeting of the GST Council, which is scheduled to decide on the tax rate of six items, including gold, textiles and footwear.

Static Takeaways-
  • GST is one indirect tax for the whole nation, which will make India one unified common market.
  • In 2003 the Kelkar Task Force on indirect tax had suggested a comprehensive Goods and Services Tax (GST) based on VAT principle.

AP's Vizianagaram bags MGNREGA national award

i. The Ministry of Rural Development has selected Vizianagaram district in Andhra Pradesh as one among the 17 districts across the nation for the MGNREGA annual award 
ii. The award was given for effective implementation of the Mahatma Gandhi National Rural Employment Guarantee (MGNREGA) Act during 2015-16.

Static Takeaways-
  • MGNREGA was set up on Feb 2, 2006 from district Anantapur in the state of Andhra Pradesh
  • Coringa National Park is situated in Andhra Pradesh
  • Nagarjunsagar-Srisailam (Tiger Reserve) is in AP.

India slips to 45th spot in IMD's World Competitiveness list

i. India has been ranked 45th, down four notches from last year, in terms of competitiveness in the annual rankings compiled by IMD which saw Hong Kong topping the list. The list was compiled by the International Institute for Management Development's (IMD) World Competitiveness Center.
ii. Switzerland and Singapore were ranked second and third respectively, with the USA at the fourth spot.

Static Takeaways-
  • Top three Ranked countries in the list are Hong Kong, Switzerland and Singapore
  • The rank of India for 2016 was 41st
  • The IMD World Competitiveness Center is a research group at International Institute for Management Development (IMD) business school in Switzerland
  • It was formed in year 1989 by Prof. Stephane Garelli.

RCom-Aircel merged wireless company to be called Aircom

i. Reliance Communications (RCom) Chairman Anil Ambani has announced that the merged entities of RCom and Aircel will be called Aircom. These merged entities are Reliance Communications and Maxis Communications Berhad (MCB).
ii. The merged company will be one of India’s largest private sector companies. It will have an asset base of over 65000 crore rupees and net worth of 35000 crore rupees.

Static takeaways-
  • The Group was founded by Shri Dhirubhai H. Ambani (1932-2002)
  • Anil Dhirubhai Ambani is the Chairman of Reliance Group

TATA Projects launches initiative to promote green cover

i. TATA Projects has announced the launch of Green Thumb, an initiative to enhance the green cover. This new initiative of the infrastructure company coincides with World Environment Day (05th June).
ii. TATA Projects planted over 42,000 saplings across over 100 locations during 2016-17.

Static Takeaways-
  • TATA Projects headquarters in Hyderabad
  • Vinayak Deshpande is the Managing Director of TATA Projects.

i. Reliance Infrastructure-promoted Mumbai Metro One Private Limited (MMOPL) has partnered with Google to display its services in Google Maps application.
ii. To bring convenience for the commuters, MMOPL has collaborated with Google Maps to publish authentic timetable information and associated geographic information of the Metro One stations in the app.

Static Takeaways-
  • Parent organization of google is Alphabet Inc.
  • CEO of google is Sundar Pichai.


i. Never in the history of the UEFA Champions League had a team won the title in consecutive seasons. That is until now — Real Madrid has done it. Now, they stand alone as the only team in the history of the competition to win back-to-back titles.
ii. Unsurprisingly, it was Cristiano Ronaldo who found himself at the centre of attention in both wins.

Static Takeaways-
  • Madrid is the Capital of Spain


B Sai Praneeth rallies to win Thailand Open Grand Prix Gold title

i. B Sai Praneeth has clinched the Thailand Open Grand Prix Gold badminton title by defeating Indonesia’s Jonatan Christie in a closely-fought final in Bangkok.
ii. In April, the ward of national coach Pullela Gopichand had defeated Kidambi Srikanth in an all-Indian Singapore Open Grand Prix final to claim his maiden Grand Prix title.

Static Takeaways for BOI SO Exam-
  • Bangkok is the Capital city of Thailand.
  • Currency of Thailand is Thai baht.

Ganeshan Neelakanta Iyer first Indian to be inducted in ITTF URC

i. Ganeshan Neelakanta Iyer, the only assigned competition manager of International Table Tennis Federation (ITTF), has become the first Indian to be nominated as a member of the Umpires and Referees Committee (URC).
ii. Ganeshan’s term as URC member is for a period of two years. Ganeshan is also the chairman of the South Asian Federation technical committee and a member of the Technical Committee of the Commonwealth Table Tennis Federation.

Static Takeaways for RBI Phase-I Exam - 
  • Mr. Thomas Weikert of Germany is the President of ITTF Executive Commision
  • Headquater of ITTF is in Lausanne, Switzerland.

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