12th June 2018 Daily Current Affairs - PDF Download | Gr8AmbitionZ | Prepare for IBPS PO X, IBPS Clerks X, Insurance Eams

Daily Current Affairs of 12th June 2018

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International Current Affairs

The much-awaited summit between the United States and North Korea finally took place in Singapore today.

US President Donald Trump and North Korean leader Kim Jong Un met at a resort island of Sentosa along with their respective translators.
Kim and Trump became the first leaders of their countries to ever come face to face.
Trump said the US relationship with North Korea will be different from the past.
Both leaders signed a “comprehensive” document at the end of their historic summit, vowing to forge a new partnership and reverse decades of American policy toward the rogue regime.

India is going to host 1st military exercise of the BIMSTEC Countries 2018.

The exercise is scheduled to be held in Pune (Maharashtra) in the second week of September.
Aim of BIMSTEC 2018 : To promote strategic alignment among the member-states and to share best practices in the area of counter-terrorism.
BIMSTEC : Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation
Note : BIMSTEC was set up in 1997 and includes India, Bangladesh, Bhutan Myanmar, Nepal, Sri Lanka and Thailand.

The United States today enforced 'Restoring Internet Freedom Order', replacing Obama-era 'net neutrality' rules, which had barred internet service providers from charging more for certain content to grant equal access to the internet.
With 1,86,000 Indian students currently studying in the United States, India is the 2nd highest sender of foreign students to the US, next only to China.

National Current Affairs

The Union Ministry of Culture has launched a new scheme titled Seva Bhoj Yojana.

Aim of Seva Bhoj Yojana : To provide financial assistance on purchase of specific food items by Charitable Religious Institutions (CRIs) for free distribution among people.
Note : Under this scheme, Centre’s share of Central Goods and Services Tax (CGST) charged on the raw food materials purchased by the religious institutions will be refunded.

With the inspiration of ‘Beti Bacho-Beti padao’ programme being initiated by the Prime Minister Narendra Modi, East coast Railways, Waltair Division has launched ‘SUBHADRA VAHINI’ programme for the security and protection of Women.

A 32 member- women team consisting of RPF police and TC women employees will monitor the security of the women passengers in Trains and Railway stations in the division.

The Union Ministry of Electronics & Information Technology (MeITY) launched 5000 Wi-Fi Choupals in villages in partnership with common service centres (CSCs).

Aim of Wi-Fi Choupals : To transform rural Internet connectivity through Bharat Net Project.

MOUs & Agreements

US President Donald Trump and North Korean leader Kim Jong-un have signed an agreement to completely denuclearise South Korea in exchange for security guarantees from the US.

Banking, Business & Economic Affairs

To facilitate infrastructure investments by insurance and pension funds, the Union Government is going to launch Rs.500 crore Credit Enhancement Fund (CEF) in July 2018.

CEF will provide credit enhancement for infrastructure projects which will help in upgrading credit ratings of bonds issued by infrastructure companies and facilitate investment from investors like pension and insurance funds.

On the backdrop of rising oil prices and shortfall in FPI inflows to the country the Reserve Bank of India (RBI) is expected to raise $30-35 billion via NRI bonds to raise the rupee.

Note : FPI has been slowed down amidst political volatility and with listing of Chinese forms in global benchmark indices.

The RBI needs more powers to oversee Public Sector Banks (PSBs), Governor Urjit Patel told a parliamentary panel today amid mounting bad loans in state-run lenders.

The RBI governor, who appeared before the Parliamentary Standing Committee of Finance, faced tough questions from lawmakers on bad loans, bank frauds, cash crunch and other issues.
The governor assured the members that steps were being taken to strengthen the system.

India extended financial aid of Rs. 99 million to Nepal for the construction of 2,700 Shallow Tube Well (STWs) irrigation systems in 12 districts of southern Terai region to boost agricultural productivity.

The assistance was extended as part of final payment for Nepal-Bharat Maitri Irrigation Project.
With this payment, India has released so far released total of 227.6 million Nepali rupees to Nepal for implementing this project.

Recent Committees in News

The government has set up a committee to bring in transparency in the jobs data calculation.

The committee will look into the limitations of the Quarterly Employment Survey (QES) and submit its report.
The government said the survey effectively captures the employment size of only about 5% of the total workforce.
Head of this Committee : TCA Anant (former Chief Statistician of India)

Science & Technology

A MOU in this regard was recently signed between CSIR’s Central Electro Chemical Research Institute (CECRI), Karaikudi, Tamil Nadu and RAASI Solar Power Pvt Ltd.
Note : At present India depends on countries like China, Japan and South Korea for import of Lithium Ion batteries.

For the 1st time, Scientists of Physical Research Laboratory (PRL), Ahmedabad have discovered a distant planet revolving around Sun-like star and named both the planet and the star as EPIC.

With this discovery India joins handful of countries which have discovered planets around stars.

Sports Current Affairs

India’s young women’s doubles pair of Simran Singhi and Ritika Thaker won the Mauritius International Badminton tournament (Women's Doubles Category) which concluded at Rose Hill in Mauritius today.
India has lifted the Intercontinental Cup football title.

American fighter Ronda Rousey will become the 1st female MMA fighter to be inducted into the Ultimate Fighting Championship Hall of Fame.
Rafael Nadal claimed an 11th French Open title in Men’s singles final in Paris after defeating Austrian Dominic Thiem. Complete Winners of French Open 2018 are :

Men's Singles : Rafael Nadal (Spain)
Women's Singles : Simona Halep (Romania)
Men's Doubles : Pierre-Hugues Herbert (France) / Nicolas Mahut (France)
Women's Doubles : Barbora Krejčíková (Czech Republic) / Kateřina Siniaková (Czech Republic)
Mixed Doubles : Latisha Chan (Chinese Taipei) / Ivan Dodig (Croatia)