19 June Current Affairs 2019 | Daily current affairs

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19 June Current Affairs 2019

Daily GK Updates & Current Affairs for Government Exams

Welcome to Daily Current Affairs Section of Instajobalerts.com . Our Current Affairs Of June 2019 page covers various sections like banking & finance June Current Affairs 2019, business & economy, Indian and International affairs 2019, defence, environment current affairs, persons and many for Bank PO & Clerk Exams, Insurance, UPSC, SSC, Railway, State PSC & other Competitive Exams.

Om Birla has been elected as the 17th Lok Sabha Speaker

19 June 2019 Current Affairs: Om Birla has been unanimously elected as the 17th Lok Sabha Speaker with the opposition Congress coming out in support of the National Democratic Alliance (NDA)’s candidate. Birla will replace Sumitra Mahajan. He is a two-time Bharatiya Janata Party (BJP) member of Parliament (MP) from Rajasthan. Birla is also a member of the Standing Committee on Energy in Parliament, member of Committee on Petitions and Consultative Committee for Ministry of social justice and empowerment. He has an 86% average attendance in the House.

RBI imposes Rs.1 crore penalty on HDFC for violating its norms

19 June 2019 Current Affairs: The Reserve Bank of India (RBI) imposed Rs.1 crore penalty on private sector lender HDFC Bank for violating know your customer (KYC) and anti-money laundering (AML) norms. The penalty was imposed on 18 June 2019.

Reason: RBI had received a reference from customs’ authorities regarding submission of forged bill of entries (BoEs) by certain importers to the bank for remittance of foreign currency.

RBI sets up a committee to review the current framework for the MSME sector

19 June 2019 Current Affairs: The Reserve Bank of India had set up an eight-member expert committee under the leadership of former chairman of SEBI, UK Sinha on 18 June 2019. The aim is to review the current framework for the MSME sector.

Members of the committee: 1)Head: UK Sinha, former chairman of SEBI

Other members:

2)Ram Mohan Mishra, development commissioner for MSME

3)Pankaj Jain, Joint secretary at the department of financial services

4)PK Gupta, SBI managing director

5)Anup Bagchi, ICICI Bank executive director

6)Professor Abhiman Das, IIM- Ahmedabad

7)Sharad Sharma, Ispirit Foundation founder

8)Bindu Ananth, Dvara Trust chairperson

Matri Shree Media Award was presented to 29 journalists from print and electronic media

Twenty-nine journalists from print and electronic media was awarded the Matri Shree Media Awards for their contribution towards journalism. Apart from media personalities, a social activist was also presented the Bharat Mata shield at the 44th Matri Shree media award ceremony organized in New Delhi. A former mayor of North Delhi Municipal Corporation Adesh Gupta was also felicitated for his contribution to social service.

DRDO successfully tested the indigenously developed HSTDV along with several technologies

The Defence Research and Development Organisation (DRDO) conducted the maiden test of an indigenously developed Hypersonic Technology Demonstrator Vehicle (HSTDV) along with several technologies on 12 June.

The HSTDV missile was successfully launched from Dr Abdul Kalam Island off the coast of Odisha. The missile was tracked by various radars, telemetry stations and electro optical tracking sensors through its course. It HSTDV being developed by DRDO with assistance from Israel and the UK and Russia.

UN report says India is set to overtake China as the most populous country by 2027

19 June 2019 Current Affairs: United Nations report said that India is set to overtake China as the most populous country by 2027. India will have almost 1.64 billion inhabitants by 2050. South Asia’s opportunity to reap the demographic dividend will peak by 2047.

According to the World Population Prospects 2019 report India is expected to have the largest national increase in the world by 2050. China, on the other hand, is expected to become smaller, dropping from its current 1.43 billion people to approximately 1.4 billion by 2050.

However, while India may have the highest absolute increase in numbers, its rate of growth is slowing. The Central and the Southern Asia region, of which India is a part, is expected to see a 25% increase in population between now and 2050.

World Bank agreed a loan agreement of USD 518 million to Pakistan for reforms

19 June 2019 Current Affairs: The World Bank has agreed a loan agreement of $518 million to Pakistan for reforms to enhance tax revenues and reduce compliance cost to provide better services to the public.

The bank approved $400 million loan for the Federal Board of Revenue (FBR) to increase its tax to gross domestic product ratio from 13% to 17% and enhance the number of income tax return filers, among other reforms.

The other $118 million will go to revenue mobilization and public resource management project of the country’s northwest Khyber Pakhtunkhwa province to increase its capacity for revenue collection and the management of the province’s resources.

Himachal Pradesh made GPS mandatory for trekkers

19 June 2019 Current Affairs: The Himachal Pradesh government made it mandatory for trekkers to carry a GPS device to tackle any exigency on 18 June 2019. The decision was made in a review meeting chaired by Additional Chief Secretary Shrikant Baldi on preparedness for the monsoon in Shimla.

The announcement also added that it is important that trekking and other yatras must be restricted during adverse weather. Being a disaster-prone state special attention must be taken to disseminate weather advisories and installing early warning systems in Himachal Pradesh.

Facebook unveiled its cryptocurrency, Libra

Facebook finally unveiled the details of Libra, its cryptocurrency. Using Libra people can buy things or send money to people with nearly zero fees. It will be rolled out for use in 2020 and allow the platform’s billions of users across the globe to make financial transactions online.  The currency will be serviced by a collective of companies called the Libra Association.

England captain Eoin Morgan set the world record for most sixes in an ODI

England captain Eoin Morgan set the world record for most sixes (17) in an One Day International (ODI). He achieved this record during his 71-ball 148-run knock against Afghanistan in World Cup on 18 June 2019. Morgan was assisted by Joe Root in the 189-run partnership for the third wicket during which Root made 88 runs off 82 balls. Previous records: The previous record for most sixes (16 sixes) was jointly held by Rohit Sharma, Chris Gayle and AB de Villiers.