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01st June Current Affairs 2019

01st June Current Affairs 2019

Daily GK Updates & Current Affairs for Government Exams

World Milk Day is observed on 1 June

World Milk Day is a day established by the Food and Agriculture Organization (FAO) of the United Nations to recognize the importance of milk as a global food. It has been observed on June 1 each year since 2001.  The day is intended to provide an opportunity to bring attention to activities that are connected with the dairy sector. Objective of the day: – To provide information about the need and importance of milk in a human being’s life.

Tribal Odisha’s woman Chandrani Murmu of BJD became the youngest MP in the country and her debut in Parliament

A tribal woman from Odisha, Chandrani Murmu aged 25 of Biju Janata Dal (BID) party became the youngest MP in the country. She defeated the two-time BJP MP Ananta Nayak by a margin of 66,203 votes and claimed the Keonjhar constituency, Odisha. She replaced Dushyant Chautala who was elected at the age of 26 from the Hisar Lok Sabha seat in 2014. She defeated the two-time BJP MP Ananta Nayak by a margin of 66,203 votes and claimed the Keonjhar constituency with her victory.


Reserve Bank of India permitted Banks to use Aadhaar only for DBT accounts for KYC requirements

01 June 2019 Current Affairs: Reserve Bank of India(RBl) permitted banks to accept Aadhaar number(Offline verification) for Know Your Customer(KYC) verification with the consent of the customers.

RBI has added the ‘Proof of possession of Aadhaar number’ to the list of Officially Valid Documents (OVD).

This was notified by the RBI in its amended Master Direction on KYC. RBI’s Master Direction is a rule book that the regulated entities need to follow. The bank should obtain the Aadhaar number from the customers who receive any benefit or subsidy under Direct Benefit Transfer (DBT).

For Non-DBT beneficiary customers, the Regulated Entities (REs) should obtain a certified copy of any OVD describing the details of customer’s identity and address along with 1 recent photograph.

Along with this, while submitting Aadhaar for Customer Due Diligence, the RES must redact or blackout the Aadhaar number as per Sub-rule 16 of Rule 9 of the amended Prevention of Money-Laundering(PML) Rules. All the non-individual customers should submit Permanent Account Number(PAN)/Form No 60 (for companies and Partnership firms – only PAN) along with other documents. Form 60 is submitted by an individual who do not have a Permanent Account Number (PAN).

ISRO partnered with IAF for Gaganyaan astronaut selection, training

01 June 2019 Current Affairs: The Indian Air Force (IAF) has signed an agreement with the Indian Space Research Organisation (ISRO) for crew selection and training for the prestigious Gaganyaan, the country’s maiden manned mission.

AVM RGK Kapoor, ACAS Ops (Space), IAF handed over the MoU to Shri R Hutton, Project Director of Gaganyaan Programme.


FICCI survey predicted GDP growth of India at 7.1% for FY20

01 June 2019 Current Affairs: FICCI’s (Federation of Indian Chambers of Commerce and Industry) economic outlook survey projected India’s median GDP (Gross Domestic Product) 7.1% for FY20 and 7.2% for FY21.

The survey was conducted among economists belonging to the industry, banking and financial services sectors. of Survey for 2019-20: Minimum and maximum growth estimate stood at 6.8 per cent and 7.3 per cent.

Wholesale Price Index (WPI) based inflation rate is projected at 3.1% in 2019-20 with a minimum and maximum range of 2.1 per cent and 4 per cent, respectively.

Consumer Price Index (CPI) based inflation forecasted at 4% for 2019-20 with a minimum and maximum range of 3.5 per cent and 4.1 per cent, respectively. The median growth forecast for agriculture and allied activities was pegged at 3%.

Rajasthan government banned e cigarettes in the State

Rajasthan Chief Minister Ashok Gehlot announced the banned on the sale of e-cigarettes in Rajasthan. Gehlot issued the order on the occasion of World No Tobacco Day on May 31. Ban: The government had banned the online or offline sale, storage, production, distribution, and advertisement of e-cigarettes in the state. The CM said that the ban follows his party’s manifesto to discourage the youth from addiction

Honda Motorcycle partnered with IDFC First Bank for retail financing

Honda Motorcycle & Scooter India (HMSI) partnered with IDFC FIRST Bank to provide financing solutions for vehicles across the country The Memorandum of Understanding(MJ) was signed for the loan facility up to 100% of vehicle cost, zero processing fee, down payment of Rs.999 and extended loan tenure of 48 months offered to two-wheeler customers. This will lead to extra savings of Rs 5,000 on an average loan.


Tenth National Science Film Festival of India to be held in Agartala, Tripura in 2020

01 June 2019 Current Affairs: 10th National Science Film Festival of India(NSFFl) will be in Agartala, Tripura in January-February 2020.

This is for the second time the event will be held in a North-Eastern city. It will be jointly hosted by Vigyan Prasar of the Central Government, State Government, and Tripura Central University.

Chief Minister of the State Biplab Kumar Deb had requested the Union Science and Technology Ministerto hold the NSFF in Tripura. Minimum 1 0 countries will participate in the upcoming event and it will include the films produced by UNICEF, UNESCO and filmmakers from different countries.

In NSFFI, the maximum length of the films will be 40 minutes and Vigyan Prasar will raise awareness on science and environment to the society through cinemas. NSFFI was first held in Chennai in 2011.

IIT Guwahati signs MoU with ISRO to set up space technology

Indian Institute of Technology (IIT), Guwahati signed an MoU with the Indian Space Research Organisation (ISRO) to set up an IITG-ISRO Space Technology Cell (STC) at the institute where Assam Governor Jagdish Mukhi inaugurated a new academic complex and research and development building. IITG-ISRO STC would be first of its kind in the North-east region to augment research and capacity building processes in the field of space technology.

SWIFT India and South Asia Conference was held in Mumbai

01 June 2019 Current Affairs: The SWIFT India and South Asia Conference held at the St Regis Mumbai. The conference saw the participation of 500 delegates representing financial institutions, regulators, market infrastructure experts, multinational corporations, and other industry professionals, to discuss the most pertinent issues concerning the nation’s financial market.

The theme of the conference was “Digitisation in transition: The future of innovation and cyber security.

It was organized and hosted by SWIFT (Society for Worldwide Interbank Financial Telecommunication). The objective of the conference was to discuss these key issues with a specific focus on innovation and our preparedness to face challenges around cybersecurity.

At the conference, BCG (Boston Consulting Group) also released a paper titled “Unlocking Success in Corporate Banking Through Digital”.


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