Daily Current Affairs - 02nd Jun 2019

Assam govt hikes parental income limit under fee waiver scheme

  • Assam government has waived admission fees for students taking admission up to Post Graduate level whose parental income is less than 2 lakh rupees per year.
  • All provincialized government colleges and five universities are incorporated under the scheme.

Binny, India’s Only Orangutan Dies in Odisha Zoo

  • A 41-year-old orangutan at Odisha’s Nandankanan Zoological Park died following a prolonged illness. ”Binny”, the country’s lone orangutan passed away around 9:40 pm due to old-age related ailments followed by respiratory tract infection.
  • The great ape was under treatment for the last one year by experts from the College of Veterinary Science and Animal Husbandry OUAT who were under constant advice of the Orangutan experts from UK and Singapore.

Centre shortlists five cities for International Yoga Day

  • The centre has shortlisted five cities, Delhi, Shimla, Mysore, Ahmedabad and Ranchi to hold National Programme of the International Yoga Day.
  • In the lead-up to the event, a two-day Yoga Mahotsav is being organized in Delhi by the Morarji Desai National Institute of Yoga starting. About 10,000 people, including yoga teachers, professionals, enthusiasts and others will attend it.
  • In 2014, the United Nations declared June 21 as the International Day of Yoga after Mr Modi called for the day to be adopted as a global celebration of yoga.

Forex reserve rises by 1.99 billion to 419.99 billion

  • India's foreign exchange reserves increased by 1.994 billion to 419.992 billion US Dollar in the week ended 24th May 2019. An RBI press release has informed 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.

GST revenue collection crosses Rs One lakh cr in May

  • The GST revenue collection has crossed one lakh crore rupees in May this year, which is a growth of 6.67 per cent over the revenue collected in the same month last year.
  • The GST collected during last month was one lakh 289 crore rupees as compared to over 94 thousand crore rupees in the same period of last year.
  • An amount of 18,934 crore rupees has also been released to the states as GST compensation for the months of February-March 2019.

IAF lifts temporary restrictions on all air routes in Indian air space

  • The Indian Air Force (IAF) has removed all the temporary restrictions on all air routes in the Indian air space. The Indian Air Force had put temporary airspace restrictions on Indian air space on February 27.
  • Incidentally, Pakistan had extended the restriction on Indian aircraft overflying its territory till June 15 earlier this week.

ICC World Cup: New Zealand beat Sri Lanka by 10 wickets

  • In the ICC World Cup Cricket, New Zealand defeated Sri Lanka by ten wickets at Cardiff today. The easy target of 137 runs was achieved by Kiwis in just 16.1 overs without losing a wicket. Openers Martin Guptill made 73 runs and Colin Munoro 58 runs.
  • Matthew James Henry who took 3 wickets giving 29 runs was declared player of the match. Earlier Kiwis won the toss and elected to field.

IIT Guwahati signs MoU with ISRO to set up space technology

  • Indian Institute of Technology (IIT), Guwahati has signed an MoU with The Indian Space Research Organization (ISRO) to set up an IITG-ISRO Space Technology Cell (STC) at the institute where Assam Governor Jagdish Mukhi inaugurated a new academic complex and research and development building.
  • IITG-ISRO STC would be first of its kind in the North-east region to augment research and capacity building processes in the field of space technology.

India among three countries interested to host 2022 AFC Women’s Asian Cup

  • India is one of the three countries which have expressed interest to host the Asian Football Confederation, AFC's Asian Cup football tournament for Women to be held in 2022.
  • The AFC said, Chinese Taipei and Uzbekistan are the other countries in contention to host Asia's premier women's competition.
  • The three countries will now be invited to nominate their proposed venues for the tournament, with the host expected to be announced by the second quarter of 2020. If India gets the right to host the event, it will be their second time after 1980 in Kozhikode.

Nayib Bukele sworn in as president of El Salvador

  • In the Central American country of El Salvador, Nayib Bukele has been sworn-in as the nation’s President. Bukele was sworn-in by the Speaker of the National Assembly in downtown San Salvador.
  • Bukele was elected in February to succeed Salvador Sanchez Ceren, a leftist former guerrilla.

Nirmala Sitharaman To Present First Union Budget On 05th July

  • The first session of the newly-elected Lok Sabha has been convened from 17th June to 26th July 2019 and the new government of Prime Minister Narendra Modi will present its first Budget on 05th July 2019 by Nirmala Sitharaman, who is Minister of Finance and Minister of Corporate Affairs. The 40-day session will have 30 sittings.

Ola, Oyo on UK-India Awards 2019 shortlist

  • Indian start-ups like Ola and Oyo, which have been on an expansion mode in the UK, have been shortlisted for the UK-India Awards this year along with some key names. The awards will mark the closing of UK-India Week between June 24 and 28.
  • They are being judged by an all-women jury for the first time and cover a wide range of sectors including business, tech, trade, and social impact. Taxi hailing firm Ola and hospitality group Oyo, which entered the UK market last year, will compete with Taj Vivanta in the Market Entrant of the Year category.
  • Leading financial organizations like Santander, Barclays, Axis Bank and Sun Global are the contenders in the Financial Organization of the Year category. British giants BT and BP will compete in the Social Impact Project of the Year segment.

PM Modi hikes National Defense Fund scholarship assistance

  • Prime Minister Narendra Modi has approved changes to the Prime Minister’s Scholarship Scheme for wards of deceased defense personnel under the National Defense 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.
  • Under the scheme, every year new scholarships are given for 5500 wards of armed forces controlled by Ministry of Defense, for 2000 wards of paramilitary forces controlled by Ministry of Home Affairs and for 150 wards of forces controlled by Ministry of Railways.

RBI to observe financial literacy week from June 5-9

  • The Reserve Bank of India will observe Financial Literacy Week across the country from 3rd to 7th of this month. The theme this year is - 'Farmers and how they benefit by being a part of the formal banking system'.
  • The RBI has advised banks to display the posters and content in their rural bank branches, Financial Literacy Centres, ATMs and websites.

Satish Chandra Verma is new Advocate General of Chhatisgarh

  • Chattisgarh government appointed a new advocate general, Satish Chandra Verma with immediate effect, replacing Kanak Tiwari on the post.
  • In exercise of the powers conferred by Clause (1) of Article 165 of the Constitution of India, the Governor of Chhattisgarh appointed Satish Chandra Verma, Additional Advocate General, Chhattisgarh as Advocate General, Chhattisgarh, in place of Kanak Tiwari, Advocate General, with immediate effect.

Tanzania latest African nation to ban plastic bags

  • A plastic bag ban comes into force in Tanzania as Africa leads efforts to stem the tide of plastic pollution. Tanzania is banning the importation, production, sale and use of plastic bags.
  • It becomes the 34th African country to implement such restrictions, according to the United Nations Environmental Programme (UNEP).
  • Tanzania, known for wildlife tourism, has also issued a notice to travelers that they will have to "surrender" plastic bags in their possession before entering the country.
  • Globally, 127 countries have some sort of plastic bag legislation. 91 of these include a ban or restriction on manufacturing, importation and retail distribution, according to the UNEP.

Telangana Formation Day: 02nd June

  • On the occasion of the fifth Telangana State Formation Day on 02nd June 2019, President Ram Nath Kovind and Prime Minister Narendra Modi have extended their wishes to the people of the state.
  • Telangana Formation Day is celebrated on the formation of Telangana State on 2nd June every year since 2014. The State celebrates the occasion with formal events across the districts.

US ends special trade treatment for India amid tariff dispute

  • The US will end preferential trade status for India next week, President Donald Trump has confirmed amid a deepening row over protectionism. India had been the largest beneficiary of a scheme that allows some goods to enter the US duty-free.
  • In March Trump announced that it would be revoked because India had failed to provide adequate access to its markets, but Mr. Trump gave no date.

World Milk Day: 01st June

  • The Food and Agriculture Organization of the United Nations (FAO) selected June 1st as World Milk Day, which celebrates the important contributions of the dairy sector to sustainability, economic development, livelihoods, and nutrition.
  • The theme for World Milk Day 2019 is “Drink Milk: Today & Everyday.” The aim is to educate people about the importance of milk in our life and society. Milk is one of the global foods, which is celebrated as a superfood all around the globe, figuratively and literally.