Current Affairs Update – 19th June, 2015

Hello and welcome to ExamPundit. Here are the Important Current Affairs of 19th June, 2015. These are Important for the Upcoming SBI PO Mains Exam 2015 and RBI Assistant 2015 Exam.

• Country’s largest lender State Bank of India today said it
  has launched SBI eforex, an Internet- based platform that enables customers to
  book their foreign exchange transactions online.
• The customers will be able to obtain forex rates without
  having to visit the branch, the bank said in a statement.
• The SBI eforex is an innovative platform incorporating
  robust security features and is designed to be user-friendly, fast and
  convenient.
• It is a highly flexible product offering the facility to the
  customers to customise and set their own limits for deal size, daily
  transaction limits. Details of all deals done are made available to the users
  on a real-time basis.
• This is SBI’s second forex technology initiative, having
  launched SBI Fx Out, which enables customers to send foreign currency
  remittances from any its branches in India.

• The Cabinet Committee on Economic Affairs (CCEA), chaired by
  Prime Minister Narendra Modi, on 17 June 2015 gave its approval for the Minimum
  Support Prices (MSPs) for Kharif Crops of 2015-16 season.
• All the approved MSPs were based on recommendations of the
  Commission for Agricultural Costs and Prices (CACP) for the Price Policy for
  Kharif Crops for the Marketing Season 2015-16 except for pulses.
• The CCEA decided to give a bonus of 200 rupees per quintal
  for pulses over and above the recommendations of the CACP in view of a huge
  deficit of pulses in the country.
• The approved MSPs of pulses per quintal, inclusive of bonus,
  are: Tur (Arhar) – 4625 rupees against 4350 rupees during the 2014-15 season;
  Moong- 4850 rupees against 4600 rupees; and Urad 4625 rupees against  4350 rupees during the previous season.
• The increase in prices expected to give a strong price
  signal to farmers to increase acreage and invest for increase in productivity
  of pulses.
• The prices of pulses have increased by over 50 per cent
  during the 2014-15 season due to inclement weather that subsequently resulted
  in import of 5000 quintals of imports by the government.

• Seeking synergies between Swedish and Indian
  entrepreneurship, Indian mission in Sweden has launched ‘India Unlimited’
  platform.
• The aim of the platform ‘India Unlimited’ is promoting Brand
  India in Sweden and Brand Sweden in India. It seeks to strengthen Indo-Swedish
  connections and partnerships in all areas that benefit both countries,
  especially economic relations and people-to-people ties.
• The platform was at the forefront during the recent visit of
  President Pranab Mukherjee to the country, the first-ever visit by an Indian
  President to Sweden.
• Foreign Direct Investment (FDI) from Sweden to India is
  pegged at USD 70 million and India exports goods worth USD 732 million while
  Sweden exports goods worth USD 1,679 million.
• Nearly 150,000 jobs are directly created by Swedish
  companies present in India. The indirect numbers are much higher, including
  sub-contractors, farmers and service providers. A number of Indian companies
  have also invested in Sweden, particularly in the IT sector. In total there are
  more than 50 Indian companies present in Sweden.

• India on Friday offered its expertise to Tanzania in
  development of its potentially rich natural gas sector and decided to extend
  e-tourist visa to people of the African nation even as the two countries signed
  eight MoUs to expand engagements in diverse areas.
• During extensive talks Prime Minister Narendra Modi had with
  Tanzanian President Jakaya Mrisho Kikwete, both the countries also decided to
  establish a Joint Working Group to strengthen cooperation in counter terrorism.
• The MoUs signed included a loan agreement between Exim Bank
  and Tanzanian government on a line of credit for $ 268.35 million for extension
  of a pipeline project and cooperation in the field of hydrology, tourism and
  agriculture.
• The Prime Minister said he has conveyed to Mr. Kikwete that
  India will soon extend e-tourist visa scheme to Tanzanian tourists.
• The Tanzania President thanked India for its continued
  assistance to his country and said both the nations have decided to take the
  relationship to the next level.

• Union Agriculture Minister Radha Mohan Singh on 18 June 2015
  launched a weather alert service named NOWCAST.
• NOWCAST will be used to send SMS alerts on extreme weather
  data like hailstorm, thunderstorm and squall originated by India Meteorological
  Department (IMD) to over one crore farmers whose mobile numbers are registered
  on government’s mKisan portal.
• Further, the mKisan portal will send warning SMSs to farmers
  located in affected district/blocks. These warnings will help the farmers to
  take precautionary measures as needed and feasible. The SMS will be sent in
  English, Hindi and regional languages as per farmers’ request.
• This technological break-through is a collaborative effort
  between mKisan Portal developed by DAC, weather technologies adopted by IMD and
  GIS Portal of NIC.
• Besides, Radha Mohan Singh also launched Insurance
  Web-Portals for Farmers (www.farmer.gov.in/insurance) that will enable farmers
  to insure their crops under three schemes.

1. National Agriculture Insurance Scheme (NAIS)
2. Modified National Insurance Scheme (MNAIS)
3. Weather based Crop Insurance Scheme (WBCIS)

• Japan’s SoftBank Corp on 28 June 2015 announced that it has
  set up a joint venture with Chinese online shopping giant Alibaba and
  electronics supplier Foxconn Technology to sell its human-like robot Pepper
  around the world.
• The company in its statement said that the robot will go on
  sale to general consumers from 20 June 2015 for 198000 yen (1610.54 dollars)
  each plus monthly fee and insurance. These waist-high peeper robots will serve
  as baby-shitters, medical workers or even party companions.
• At present, these robots which can learn and express human
  emotions are used in stores including SoftBank’s mobile phone shops.

• China and Australia on 17 June 2015 signed the
  China-Australia Free Trade Agreement (ChAFTA) at Canberra in Australia.
• The agreement was signed by China’s Commerce Minister Gao
  Hucheng and Australia’s Trade Minister Andrew Robb.
• The chAFTA will ensure 85 percent of all exports of
  Australia to China tariff-free that will rise to 93 percent by 2019.

• India’s junior boys and cadet girls on 18 June 2015 won the
  team championship titles at the South Asian Junior and Cadet Table Tennis
  Championships at the Talkatora Stadium in New Delhi.
• To retain the title in junior boys section, the Indian
  paddlers won all the four matches without dropping a set. Similarly, cadet
  girls won all their matches without a hiccup.

All the Best For Tomorrow!!

Regards

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