Current Affairs Update – 7th June, 2016

Hello and welcome to exampundit. Here are the important Current Affairs of 7th June, 2016. These are important for the upcoming SBI PO & SBI Clerk Mains 2016 Exams.

• RBI today released the second
  bi-monthly monetary policy for the FY2016-17.

• Repo rate unchanged at 6.50 per
  cent, Reverse Repo at 6% 
• Cash reserve ratio or CRR unchanged at 4%
• Monetary policy to remain
  accommodative
• Pegs growth forecast at 7.6% for
  the current fiscal
• Inflation target kept unchanged
  at 5% for January 2017 with upward bias
• Impact of firming crude oil
  prices, implementation of 7th Pay Commission recommendations need to be watched
• Interest rate transmission
  critical for growth revival
• Timely capital infusion in PSU
  banks to aid credit flow
• Public investment gaining
  strength, continuing weakness in private investment is a concern.
• To shortly review the implementation
  of the Marginal Cost Lending Rate framework by banks
• Third bi-monthly monetary policy
  on August 9

• India and the Asian Development
  Bank (ADB) on Tuesday signed a $120 million loan pact to improve irrigation and
  water management infrastructure in Odisha.
• The soft loan is the second
  tranche of a $157.5 million financing facility under the Orissa Integrated
  Irrigated Agriculture and Water Management Investment Program.
• The selected areas for the
  investment program are the Baitarani, Brahmani, Budhabalanga and Subernarekha
  river basins and parts of Mahanadi delta.
• The second tranche loan from
  ADB’s ordinary capital resources has a 20-year term. Odisha, acting through its
  Department of Water Resources, is responsible for implementing the second
  tranche activities and overall program, which are both due for completion by
  September 2018.

• The Delhi Government on 6 June
  2016 announced implementation of its solar policy.
• The policy aims at making the
  national capital a solar city with installation of 1 GW solar power capacity by
  2020. This target is proposed to double it to 2 GW during further next five
  years.
• The policy has been prepared by
  the Delhi Government in consultation with the Dialogue and Development
  Commission after extensive consultations with local and international experts.

• Mandatory deployment of solar
  panels on the government or public institutions.
• Virtual net metering to give
  access to the solar net metering facility to the consumers who do not have a
  suitable roof for installing a solar system.
• Group net metering to encourage
  solar plants on rooftops of buildings that cannot consume all of the energy
  generated locally.

• The abbreviation Swachh Yug was
  in news on 6 June 2016. The campaign, being a collaborative effort between the
  Swachh Bharat Mission, local youth leaders (युवा)
  and the Namami Gange project (गंगा)
  – is being called ‘Swachh यु-ग’, which translates into ‘the age
  of Swachh’.

• It is executed by the Ministry of
  Drinking Water and Sanitation, in partnership with Ministry of Youth Affairs
  and Sports, and Ministry of Water Resources, River Development and Ganga
  Rejuvenation.
• Its objective is to make all
  villages along the banks of the Ganga Open Defecation Free (ODF) in 5 States of
  Uttarakhand, Uttar Pradesh, Bihar, Jharkhand and West Bengal.
• There are 5169 villages along the
  river Ganga that fall under 1651 Gram Panchayats (GPs), 52 districts, and 5
  States.
• Youth agencies under the Union
  Ministry of Youth Affaris such as the Bharat Scouts and Guides, Nehru Yuva
  Kendras and National Service Scheme will be deployed for the campaign.

• Minister of Railways Suresh
  Prabhakar Prabhu on 5 June 2016 flagged off the inaugural run of the Tiger
  Trail Circuit Train from Delhi Safdarjung Station.
• The launch of this Tiger Express
  on World Environment Day is to highlight the significance of environment.
• The most important objective of
  the train is to create and spread awareness about the wildlife in general and
  the tiger in particular.

• This tourist train will be
  operated by Indian Railway PSU namely Indian Railway Catering and Tourism
  Corporation (IRCTC).
• It is one of the most innovative
  tourism products ever launched by Indian Railways.
• This is for the first time that
  Indian Railways have forayed into the exciting and fascinating wildlife
  tourism.

• Chief Minister of Haryana Manohar
  Lal Khattar on 3 June 2016 laid foundation stone of Jai Jawan Awas Yojna (JJAY)
  at Bahadurgarh, Haryana.
• Jai Jawan Awas Yojna is an
  initiative to provide affordable housing to serving and retired JCOs and Other
  Ranks.

• The project is being executed by
  Army Welfare Housing Organization.
• It aims to provide low cost
  housing.
• This housing project has been
  named in the memory of Late Major Rajiv Joon, recipient of Ashok Chakra and
  Shaurya Chakra. Major Joon had attained martyrdom fighting militants in
  Anantnag district of Jammu & Kashmir.
• The residential project at
  Bahadurgarh will be pitched at a very low cost for the benefit of JCOs and
  Other Ranks.

• Social media giant Facebook has
  appointed Umang Bedi as its Managing Director for India. He will take over from
  Kirthiga Reddy, who will be returning to the U.S. to take on a new role at the
  company’s Menlo Park headquarters.
• Mr. Bedi has close to two decades
  of leadership experience covering sales, marketing and partnerships with
  multinational companies.
• Prior to joining Facebook, he was
  Managing Director (South Asia) at Adobe. He was responsible for making India
  one of Adobe’s leading markets.

• Bollywood actress Dia Mirza was
  on 6 June 2016 named as the ambassador for Swachh Saathi (student internship)
  programme. It is a youth-based programme of Swachh Bharat Mission.
• Dia was selected because she is a
  youth icon and has been an active campaigner for Swachh Bharat. She would help
  the programme to reach out to more youngsters as it was aimed to make it a
  viral youth led movement.
• As the ambassador, the actress
  would interact with school and college students from across the country through
  awareness sessions, community cleaning activities and motivational videos.
• Swachh Saathi Programme
• Under this Programme, more than
  2000 interns would be enrolled to coordinate around 10000 schools across India.
• They will also ensure that all
  students in the schools take the pledge for Clean India.

• Adobe on 6 June 2016 announced
  the appointment of Kulmeet Bawa as Managing Director (MD) for South Asia. He
  will begin his new role on 24 June 2016.
• Bawa will take over the position
  from Umang Bedi, who is leaving the company after five years of service.
• Bawa will report to Paul Robson,
  President of Adobe Asia Pacific. Bawa will lead Adobe’s customer-facing
  engagements in India.
• Bawa currently serves as the Head
  of Sales for Adobe in India.

• N Ramachandran, the president of
  Indian Olympic Association (IOA) was awarded the prestigious Olympic Order by
  the International Olympic Committee (IOC) on 1 June 2016. He was honoured for
  his outstanding services to the Olympic movement.
• Earlier to him, former IOA
  president, the late BS Adityan was the other Indian to be honoured with the
  same award in 1995.

• Deshauna Barber, a serving Army
  Reserve officer of United States (US), was on 5 June 2016 crowned as the Miss
  USA 2016 at the Miss USA competition 2016 held at the T-Mobile Arena off the Las
  Vegas Strip.
• She represented the US capital as
  Miss District of Columbia. Miss Hawaii Chelsea Hardin came in as the first
  runner-up and Miss Georgia Emanii Davis was the second runner-up.
• With this, Barber became the
  first-ever military member to win Miss USA title. She will now represent the
  USA at Miss Universe Competition 2016.
• Barber inherited the crown from
  2015 winner Miss Oklahoma Olivia Jordan.

• The city of Lucknow will host the
  junior men’s hockey World Cup from December 8 to 18, the International Hockey
  Federation (FIH) announced today.
• The event will feature 16 teams —
  defending champions Germany, Argentina, Australia, Austria, Belgium, Canada,
  Egypt, England, Germany, India, Japan, Korea, Netherlands, South Africa, New
  Zealand, Pakistan and Spain.
• While the men’s competition takes
  place in December, the women’s Hockey Junior World Cup takes place shortly
  beforehand in Santiago, Chile between 24 November and 4 December.
• India will not be part of that
  event.

• India’s ace tennis player Leander
  Paes and Martina Hingis of Switzerland on 3 June 2016 won the French Open Mixed
  Doubles title.
• To win the title, the duo
  defeated the Indo-Croatian pair Sania Mirza and Ivan Dodig 4-6 6-4 10-8.
• With this win, Paes completed a
  Career Slam in mixed doubles with Martina Hingis. Earlier, he won Australian
  Open, Wimbledon and the US Open titles in 2015 with Hingis.
• Overall, it was the 18th Grand
  Slam title for Paes and 10th in the mixed doubles category. So far, he won 8
  Grand Slam titles in the doubles category that include Australian Open (2012),
  French Open (1999, 2001 and 2009), Wimbledon (1999) and the US Open (2006, 2009
  and 2013).

Regards

Team ExamPundit