Daily Current Affairs for June 28,2018 ( English)
National:
1.
Under Van Dhan Scheme- the government has proposed to set up
3000 Van Dhan Kendras involving 30,000 Self Help Groups (SHGs) across the
country. The scheme was launched by Prime
Minister on 14th April, 2018 during the celebrations of Ambedkar Jayanti at
Bijapur Chattisgarh. This will help in empowering tribals by providing them
skill up-gradation and capacity building training for value addition of forest
produce for modernizing traditional tribal-rural economic system.
2.
The Union Cabinet has approved Implementing Arrangement (IA)
between India and France for pre-formulation studies of Maritime Domain
Awareness Mission. The objective of the
mission is to monitor the maritime traffic and identify non-compliant ships at
maximum possible revisit frequency. The monitoring system will provide end to
end solution for detection, identification, monitoring of vessels in the
regions of interest for India and France.
3.
French state-run power utility EDF and American conglomerate
General Electric (GE) have signed strategic cooperation agreement with
State-run Nuclear Power Corporation of India (NPCIL) to build for construction
of 6 EPR (European Pressurized Reactors) type nuclear reactors of capacity
1,650 megawatt (MW) each at Jaitapur nuclear plant in Ratnagiri district,
Maharashtra. Jaitapur nuclear plant is
proposed 9900 MW nuclear power project to come at Madban village of Ratnagiri
district in Maharashtra (west coast of India). On completion, Jaitapur power
plant would be world’s largest nuclear power generating station by net
electrical power rating. It will also play pivotal role in achieving Union
Government’s ambitious target of 22,480 mw nuclear power generation capacity by
2031.
4.
The establishment of additional 6.5 Million Metric Tonne (MMT)
Strategic Petroleum Reserves (SPR) facilities at Chandikhol in Odisha and Padur
in Karnataka has approved by the Union Cabinet. It also approved construction of dedicated SPMs (Single Point
Mooring) for the two SPRs. The SPR facilities at Chandikhol and Padur will be
underground rock caverns. They will have capacities of 4 MMT and 2.5 MMT
respectively. These facilities will provide an additional supply of about 12
days of petroleum reserves and is expected to augment India’s energy security.
5.
India's Ambassador and Permanent Representative to the Organisation
for the Prohibition of Chemical Weapons (OPCW) Venu Rajamony voted against the
draft decision at a special conference of the Organisation at The Hague, in the
Netherlands. Rajamony said, it has been
India's consistent position that the use of chemical weapons anywhere, at any
time, by anybody, under any circumstances, cannot be justified.
6.
Law and Justice Ministry organised a joint secretary level
meeting on the functioning of a web-based tool, Legal Information Management
and Briefing System (LIMBS) in New Delhi. This
web-based online platform will be quite useful in monitoring and tracking
various court cases of all the Ministries. LIMBS has been successfully
implemented in all the 62 Ministries and has database of over 2.70 lakh court
cases from 2100 courts and 1065 arbitration cases. The nodal officers
from the various Ministries participated in the event.
International:
1. A public health
emergency has been declared in three Papua New Guinea (PNG) provinces as the
country responds to its first polio outbreak in 18 years when it was declared
free of the disease. As per the World
Health Organisation (WHO), the virus was detected in a six-year-old boy in
April this year. Later, it was found that the same virus stain has been
identified in other healthy children in the same locality and community.
2. The Financial Action
Task Force (FATF) on June 27, 2018 added Pakistan to its ‘grey list’ of
countries involved in providing monetary assistance to terrorism and related
causes. The decision was taken during FATF
meeting on Money Laundering in Paris. Pakistan had earlier
been included in the ‘grey list’ from 2012 to 2015.
3. The United States has
postponed the ‘2 plus 2 dialogue' with India scheduled to be held in Washington
next week. Both the leaders agreed to
identify new mutually convenient dates to hold the dialogue at the earliest, in
India or in the US. US Secretary of State Michael Pompeo spoke to
External Affairs Minister Sushma Swaraj and expressed his regret and deep
disappointment for having to postpone the dialogue due to unavoidable reasons.
Economy/Banking:
1.
The 3rd Annual Meeting of Asian Infrastructure Investment Bank
(AIIB) was jointly organised by Department of Economic Affairs under Union
Finance Ministry and AIIB concluded in Mumbai, Maharashtra in optimistic note
to raise its lending capacity to boost prosperity and security in Asia. The theme of third meeting was ‘Mobilising Finance for
Infrastructure: Innovation and Collaboration’. The fourth annual meeting will
be held in Luxembourg in July 2019. Luxembourg is a founding member of
AIIB.
2.
The capital infusion of Rs. 2000 crore for strengthening of
Export Credit Guarantee Corporation (ECGC) to enhance insurance coverage to
micro, small micro, small medium enterprises (MSMEs) exports has approved by the
Cabinet Committee on Economic Affairs (CCEA). The
infusion of capital will enhance insurance coverage to MSME exports and
strengthen India’s exports to emerging and challenging markets like Africa, CIS
(Commonwealth of Independent States) and Latin American countries. The amount
will be infused in three financial years i.e. Rs.50 crore in 2017-18, Rs.1450
crore in 2018-19 and Rs.500 crore in 2019-20.
3.
The rupee hit the all-time low of 69.09 against the US dollar on
June 28, 2018, falling past 69 mark for the first time ever. The previous record low of rupee was 68.86 on November 24, 2016.
The fall can be attributed to the week-long rise in the crude prices amid
concerns of higher inflation and current account deficit.
4. The Women
Entrepreneurs Platform (WEP) of the NITI Aayog signed five separate Statements
of Intent (SoIs) with financial institutions and social organizations on June
27, 2018. The SoIs signed with
financial institutions such as the Shri Mahila Sewa Sahakari Bank, Indiabulls
Housing Finance and SREI Infrastructure Finance will be included under the
WEP-Finance vertical. These SoIs will provide financial assistance to women
entrepreneurs and address the finance related challenges.
Announcement !
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