Tuesday, 6 June 2017

Current Affairs: Daily GK Update 06th June 2017

Dear Readers,

Study Daily Current Affairs from Daily GK Update on bankersadda and Adda247 appand 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.




i. Energy Efficiency Services Ltd. has initiated a French Agency-funded project to retrofit 10 lakh conventional street lights with LED lights in Gram Panchayats of 7 districts in Andhra Pradesh.
ii. This is the first project for rural LED street lighting in the country under the Centre’s Street Lighting National Project (SLNP).
iii. The entire capital cost of this project is being funded by French Development Agency, Agence Française de Développement (AFD).
iv. Under the project, EESL has agreed to carry out the entire annual maintenance and warranty replacement in these gram panchayats for a period of 10 years.

Static takeaways-
  • Saurabh Kumar is the Managing Director, EESL
  • Andhra Pradesh was the first state to seek assistance from EESL to replace conventional street lighting with LED lighting in Visakhapatnam.
  • EESL is registered under the companies Act, 1956 in 2009 and the commencement of business certificate is obtained in 2010.
  • E. S. L. Narasimhan is the governor of Andhra Pradesh
  • N Chandrababu Naidu is the Chief Minister of Andhra Pradesh.

Telangana launches single-woman pension scheme, first in India

i. Telangana government has recently launched the single-women pensions scheme across the state. Single women will be given Rs 1,000 per month. It is the first such scheme in India.
ii. The government had also increased the Kalyana Laxmi and Shaadi Mubarak scheme amount from Rs50,116 to Rs75,116. Children of single women would be admitted into all Telangana Residential Educational Institutions without having to write an examination or waiting for the lottery system.

Static Takeaways-
  • Nagarjuna Sagar Srisailam Tiger Reserve is located in Telangana
  • K. Chandrashekar Rao is the CM of Telangana and governor is E S L Narasimhan
  • Pakhal Lake is situated in Telangana.

i. Chief Minister of Karnataka Siddaramaiah has recently launched India’s first public bicycle sharing (PBS) initiative 'Trin Trin' in Mysuru.
ii. The World Bank, Global Environmental Fund, and state govt have jointly funded the initiative.
iii. Mysuru is the first city in India to have a public bicycle sharing system. A total of 450 bicycles can be borrowed from 48 docking stations set up across the City for a nominal fee.

Static Takeaways-
  • Vajubhai Rudabhai Vala is the present Governor of Karnataka
  • Kempegowda International Airport is located in Karnataka
  • Magod Falls are situated in Karnataka

i. National Skill Development Corporation (NSDC) and Bird Academy have signed an MoU to skill more than 30 thousand unemployed youth from across states in the aviation and aerospace sectors.
ii. According to an official release, NSDC and Bird Academy will set up training centres and centres of excellence with an aim of increasing employability of youth in these sectors.

Static Takeaways-
  • Ministry of Skill Development & Entrepreneurship (MSDE) and National Skill Development Corporation (NSDC) jointly launched the SMART
  • SMART is abbreviated as Skill Management and AccReditation of Training Centres.


i. Telecom Regulatory Authority of India (TRAI) has recently launched three new apps to help customers rate quality of services, speed and performance.
ii. The three new apps are Mycall appMySpeed app and 'Do not disturb (DND 2.0)' app. The apps are being launched with the motive that there is more transparency between the consumers and the service providers.
iii. The MyCall app, is an Android application for crowdsourced voice call quality monitoring.
iv.  MySpeed app will enable TRAI to obtain test-data from users in all service areas, without any action by the users. 
v. The DND service app will enable users to register their mobile number under DND to avoid unsolicited commercial communication/telemarketing calls/SMS.

Static Takeaways-
  • The Telecom Regulatory Authority of India (TRAI) established with effect from 20th February 1997 by an Act of Parliament, called the Telecom Regulatory Authority of India Act, 1997
  • R.S.Sharma is the present Chairman of TRAI
  • Head Office of TRAI is in New Delhi.


i. India has surpassed China to secure the top position among 30 developing countries on ease of doing business, according to a study that cited India’s rapidly expanding economy, relaxation of FDI rules and a consumption boom as the key drivers.
ii. The GRDI was titled as ‘The Age of Focus’, ranks China in second place. Malaysia was in the third position in the list.

Static Takeaways-
  • Top three countries in the list are India China and Malaysia
  • The GRDI 2017 was titled as 'The Age of Focus'
  • The capital of Malaysia is in Kuala Lumpur.


i. To emphasize the importance of financial literacy, the Reserve Bank of India is observing June 5-9, 2017 as Financial Literacy Week across the country.
ii. The Week will focus on four broad themes, viz. Know Your Customer (KYC), Exercising Credit Discipline, Grievance Redress and Going Digital.

Static Takeaways-
  • Shri B.P. Kanungo is the newly appointed Deputy Governor of RBI
  • The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
  • RBI was nationalized in 1949.

NSE launches international exchange at GIFT City

i. Leading bourse National Stock Exchange (NSE) launched its international exchange in the Gujarat International Finance Tec-City (GIFT City). NSE IFSC Ltd, the global exchange promoted by NSE, will remain operational for a longer period than NSE during a trading day.
ii. All the trades will be cleared and settled through NSE IFSC Clearing Corporations Ltd. Several products from the currency, commodity and equity segments are expected to get listed on the new exchange which may also introduce other innovative products in line with Sebi regulations.

Static Takeaways-
  • Gujarat International Finance Tec-City is the full form of GIFT City.


i. The book “The Ministry of Utmost Happiness” has been authored by Arundhati Roy, was released recently.
ii. It is fiction-based novel and will be published by Hamish Hamilton UK and Penguin India.

Static Takeaways-
  • Roy became the first Indian woman to win the prestigious Booker Prize with her 1997 work.

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