02 & 03rd June Current Affairs 2019

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02 & 03rd June Current Affairs 2019

Daily GK Updates & Current Affairs for Government Exams

June 3 is celebrated as the World Bicycle Day across the globe

In April 2018, the United Nations General Assembly (UNGA) declared 3 June as International World Bicycle Day. The resolution for World Bicycle Day recognizes the uniqueness, longevity, and versatility of the bicycle, which has been in use for two centuries, and that it is a simple, affordable, reliable, clean and environmentally fit sustainable means of transportation.

CSO-GDP growth slips to 5.8% in Q4 in 2018-19

As per the data released by the Central Statistics Office (CSO), the rate of gross domestic product (GDP) growth in the January-March quarter of 2018-19 decreased to 5.8% as compared to the forecast of 6.5%. The economic growth rate for the full 2018-19 financial year stood at a 5-year low of 6.8% in comparison to 7.1 %. The reason behind the slip is the slowdown in the countrys key sectors like agriculture, industry and manufacturing in the past nine months.

Prime Minister Narendra Modi hikes National Defence Fund scholarship assistance

Prime Minister Narendra Modi approved changes to the Prime Minister’s Scholarship Scheme forwards of deceased defense personnel under the National Defence Fund.  The quota of new scholarships for children of state police officials will be 500 in a year.  The rates of scholarship have also been increased from Rs. 2000 per month to Rs. 2500 per month for boys and from Rs. 2250 per month to Rs. 3000 per month for girls.

Kasturirangan Committee submitted the draft National Education Policy to the new Union HRD Minister Ramesh Pokhariyal

03 June 2019 Current Affairs: The K. Kasturirangan Committee submitted the 484-pages draft report of National Education Policy to the new Union Human Resource Development Minister Ramesh Pokhariyal. The report on the National Education Policy put on the Ministry of Human Resource Development (MHRD)’s website for suggestions from the public till June 30.

The Committee has recommended renaming Ministry of Human Resource Development (MHRD) as Ministry of Education (MoE). The Draft National Education Policy 2019 is based on the foundational pillars of five components of Access, Equity, Quality, Affordability and Accountability.

The Kasturirangan Committee has also recommended major changes in the curricular and pedagogical structure with Early Childhood Care and Education (ECCE) as an integral part of school education.

The committee also proposed for the extension of Right to Education Act, 2009 to cover children of ages 3 to 18 instead of 6 to 14years. The committee has also recommended a 4-year integrated stage-specific B.Ed programme for teachers which will be the minimum degree qualification.

SpiceJets Chairman and MD Ajay Singh was elected to the board of IATA

A tribal woman from SpiceJet’s Chairman and Managing Director Ajay Singh was elected to the board of the International Air Transport Association (IATA), less than three months after the airline joined the global grouping. Founder and former chairman of the now grounded Jet Airways Naresh Goyal, who was associated with the IATA for a long time, was a member on the previous board.

India has lost its spot as the worlds fastest growing economy to China

The Indian economy has lost its spot as the world’s fastest-growing economy to China.  A Reuters survey of economists said that India registered 6.3% annual growth in the January-March quarter, its slowest pace in six quarters. China recorded a growth of 6.4% in the March Quarter.  Indicators like automobile sales, rail freight, petroleum product consumption, domestic air traffic, and imports registered a slowdown in domestic consumption.

ONGC became Indias most profitable public sector company

03 June 2019 Current Affairs: Oil and Natural Gas Corp (ONGC), India’s top oil and gas producer, has toppled Indian Oil Corp (IOC) to regain the crown of being the country’s most profitable public sector company.

Oil and Natural Gas Corp (ONGC) reported a 34% jump in its 2018- 19 fiscal net profit to Rs.26,716 crore. Whereas, IOC registered a net profit of Rs.17.274 crore for the fiscal year ended March 31, 2019.

Flight Lieutenant Mohana Singh became the first IAF woman pilot to fly Hawk jets

Flight Lieutenant Mohana Singh became the first IAF woman pilot to become completely operational by day on Hawk advanced jet aircraft.  She landed the grueling 4 aircraft combat sortie at the Kalaikunda Air Force Station in West Bengal. She was trained to fly air-to-air combat and air-to-ground missions.  About Mohana Singh Mohana Singh Jitarwal is one of the first female pilots of India.

Forex reserve rises by 1.99 billion to 419.99 billion

02 June 2019 Current Affairs: India’s foreign exchange reserves increased by 1.994 billion to 419.992 billion US Dollar in the week ended 24th May 2019.

RBI released that foreign currency assets rose by 1.991 billion to 392.188 billion US Dollar. In the previous week, the reserves had declined by 2.05 billion to end at 417.99 billion US Dollar.

Gold reserves remained stable at 23.021 billion US Dollar. India’s special drawing rights with the International Monetary Fund went by 0.8 million to 1.445 billion US Dollar, while the country’s reserve position also increased by 2 million to 3.336 billion US Dollar. 

Govt extends PM-KISAN scheme, announces Rs 6,000 cash handout scheme to all farmers

2 June 2019 Current Affairs: In the first Cabinet meeting, Modi led new government decided to extend PM- KISAN scheme to all 14.5 crore farmers in the country costing Rs 87,000 crore a year and also announced over Rs 10,000 crore pension scheme for 5 crore farmers, thereby fulfilling the BJP’s poll promise.

The Rs 75,000-crore Pradhan Mantri Kisan Samman Siddhi (PMKSS – PM Kisan) was announced in the interim Budget under which the government decided to provide Rs 6,000 per year (in three equal instalments) to an estimated 12.5 crore small and marginal farmers holding land up to 2 hectares.

Now, the revised scheme envisages to cover around 2 crore more farmers increasing the coverage of the PM- KISAN to around 14.5 crore beneficiaries.

Cabinet approves Rs 3,000 pension scheme for small shopkeepers, retail traders

The newly-inducted Union Cabinet approved a new scheme which assures minimum monthly pension of ₹3,000 per month to small shopkeepers, retail traders and the self-employed people after attaining the age of 60 years. This is being done as part of the Modi government’s efforts to offer universal social security. The scheme will benefit three crore retail traders and shopkeepers. Five crore traders are expected to join the scheme in the next three years.