05th June Current Affairs 2019
Daily GK Updates & Current Affairs for Government Exams
World Environment Day – 5 June
05 June 2019 Current Affairs: World Environment Day (WED) is celebrated on the 5th of June every year, and is the United Nation’s principal vehicle for encouraging awareness and action for the protection of our environment.
First held in: 1974
The theme for 2019 is “Beat Air Pollution”.
2019 host nation is China.
Tripura to host 10th National Science Film Festival of India in 2020
The10th National Science Film Festival of India (NSFFI) organized in Tripura in January and February 2020. The NSF debuted in Chennai eight years ago in 2011. It covered almost all regions of the country since then including Bhubaneshwar, Kolkata, Bangalore, Lucknow, Mumbai, Guwahati and Mohali. This the second time the show will be held in a North Eastern city.
Yoga Mahotsava was organized in New Delhi
A Two-day Yoga Mahotsava, a Curtain Raiser for International Day of Yoga (IDY) 2019 was organized in New Delhi. It was inaugurated by the Vice-Chairman, NITI AYOG Rajeev Kumar. Organised by: The Yoga Mahotsav-2019 was organized by Morarji Desai National Institute of Yoga (MDNIY) under Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH). This is to sensitize the masses for the celebration of IDY 2019.
Madhya Pradesh Cabinet passes resolution to increase reservation for OBCs to 27% Madhya Pradesh Cabinet passed a resolution to increase the percentage of reservation quota for Other Backward Classes (OBC) from existing 14 percent to 27 percent. The move will lead to the reservation in the state breaching the Supreme Court-mandated 50 percent cap to reach 63 percent. Madhya Pradesh is the only state in the country to have a 27 percent quota for OBCs. Cabinet also increased to 3% the dearness allowance for employees.
Indian Army commissioned air quality monitor at Fort William as a part of ‘Go Green’ initiative
‘Go Green’ initiative,a “Continuous Ambient Air Quality Monitoring System (CAAQMS)” at Fort William Military Station. Lt Gen M M Naravane, General Officer Commanding-in-Chief, Eastern Command, commissioned the system, which monitors air pollution on a real time basis. The CAAQMS at the Eastern Command headquarters will measure air pollution including particulate matter throughout the year.
Flipkart co-founder joins Ujjivan Small Finance Bank as Director
Ujjivan Small Finance Bank appointed Flipkart founder Sachin Bansal as its independent director. This is the second big futuristic move by Ujjivan management after it roped in HDFC Bank’s digital banking head Nitin Chugh as its next chief executive.
Bank Fraud touched unprecedented Rs 71,500 Crore in 2018-19: RBI
05 June 2019 Current Affairs: The Reserve Bank of India has revealed that over 6,800 cases of bank fraud involving an unprecedented ₹71,500 crore were reported in 2018-19. This is 74% higher than the amount involved in 5,916 such cases reported in 2017-18. Anti-corruption watchdog Central Vigilance Commission (CVC) made an analysis and reported on top 100 frauds.
The bank frauds were categorised and analysed for 13 sectors, including gem and jewellery, manufacturing and industry, agriculture, media, aviation, service and project, discounting of cheques, trading, information technology, export business, fixed deposits, demand loan and letter of comfort.
Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) are also probing big-ticket bank fraud cases. In 2018, CBI booked former Aircel promoter C Sivasankaran, in connection with a Rs 600-crore loan fraud in the IDBI.
MD and CEO of Indian Bank, Kishor Kharat (who was then MD and CEO of IDBI Bank) and his counterpart in Syndicate Bank, Melwyn Rego (then deputy managing director in IDBI Bank) along with then Chairman-cum-Managing Director of IDBI Bank M S Raghavan, have been named in the latest FIR filed by the CBI.
ONGC became the Most Profitable PSU by overtaking India Oil Corp
05 June 2019 Current Affairs: Oil and gas producer Oil and Natural Gas Corporation (ONGC) has overtaken Indian Oil Corporation (IOC) and regained the title of India’s most profitable Public Sector Undertaking (PSU), which ONGC lost to IOC in the previous two financial years.
The net profit of ONGC hiked up 34% in its 2018-19 fiscal to ₹26,716 crore compared to IOC’s ₹17,274 crore net profit during the same period.
For the fourth straight year, with a 44% rise in revenue and a turnover of Rs 6.23 lakh crore, Mukesh Ambani led Reliance Industries is India’s biggest firm in terms of revenue, profit and market capitalisation.
RBI approved the appointment of Rakesh Makhija as chairman of Axis Bank
In March, the board of the Axis bank had approved appointment of Rakesh Makhija as chairman subject to RBI clearance. Rakesh Makhija, independent director was appointed as the non-executive (part-time) chairman of the bank, for a period of 3 years, with effect from July 18, 2019, up to July 17, 2022. Rakesh Makhija has held a number of top management positions within the SKF Group. Prior to joining SKF, he was the chief executive officer and managing director of Tata Honeywell Ltd.