Current Affairs Update – 3 to 5 June, 2017



Hello and welcome to exampundit. Here are the important Current Affairs update of 3,4 and 5 June, 2017. These are important for the upcoming  RBI Grade B Phase I, Dena Bank PGDBF, NICL AO Mains and other exams in 2017 July and August.

Current Affairs at a Glance – 3-5 June, 2017

  1. Noting that India is recovering
    from the temporary adverse effects of demonetisation, the World Bank has projected a strong 7.2 per cent growth rate for India
    this year
    against 6.8 per cent growth in 2016.
  2. Reliance Communications (RCom)
    Chairman Anil Ambani on 2 June 2017 announced that the merged entities of RCom
    and Aircel will be called Aircom.
  3. The National Aviation University (NAU) signed an Memorandum of
    understanding (MoU) with the Bird
    Worldwide Flight Services (India) Private Limited
    for training in aviation
    and aerospace sector. The MoU was signed on June 1, 2017, to develop
    professional aviation and aerospace education programmes and research for the
    benefit of the Indian civil aviation industry.
  4. Indian Space Research
    Organisation (ISRO) on 5 June 2017 successfully
    launched the communication satellite GSAT-19 into a Geosynchronous Transfer
    Orbit (GTO).
    The communication satellite was lifted by an indigenously
    developed launch vehicle named Geosynchronous Satellite Launch Vehicle Mark III
    (GSLV Mk- III) D-1 from the second launch pad of the spaceport at the Satish
    Dhawan Space Centre, Sriharikota at 5.28 pm.
  5. India on 4 June 2017 successfully test-fired indigenous first all weather tracked-chassis Quick
    Reaction Surface-to-Air Missile (QR-SAM).
    The QR-SAM was test-fired from a
    mobile launcher at Integrated Test Range (ITR) at Chandipur in Odisha at around
    12:39 p.m. local time.
  6. Sector regulator Trai on Monday launched a new app — MyCall — that enables subscribers to rate
    the quality of a phone call. Trai has also rolled out an update to its MySpeed app, which allows customers to
    measure 3G/4G data speeds and send the results to the regulator.
  7. Ireland’s governing Fine Gael
    Party on 2 June 2017 elected Leo Varadkar as its new leader to succeed
    Enda Kenny as the Prime Minister. He will be the first Indian-origin to lead
    Ireland.
  8. Ganeshan Neelakanta Iyer in the first week of June 2017
    became the first Indian to be nominated as a member of the Umpires and Referees
    Committee (URC).
  9. Shashi Shekar Vempati was on 2 June 2017 appointed as the Chief
    Executive Officer (CEO) of Prasar Bharati.
  10. International Day of Innocent Children Victims of Aggression was
    observed across the world on 4 June 2017.
  11. The World Environment Day (WED) was observed on 5 June 2017 with the
    year’s theme ‘Connecting People to Nature’.
  12. Indian third seed B. Sai Praneeth on 4 June
    2017 captured the Men’s Singles title in the USD 120000 Thailand Open Grand
    Prix Gold badminton championship.
  13. The Union Ministry of Rural
    Development in the first week of June 2017 selected Vizianagaram as one among the 17 districts across the nation for
    the MGNREGA Annual Award for effective implementation of the Mahatma Gandhi
    National Rural Employment Guarantee Act during 2015-16.

Financial & Banking News
World Bank projects 7.2% growth rate for India in 2017

  • Noting that India is recovering
    from the temporary adverse effects of demonetisation, the World Bank has
    projected a strong 7.2 per cent growth rate for India this year against 6.8 per
    cent growth in 2016.
  • Even as the World Bank has
    revised the country’s growth figures by 0.4 percentage point compared to its
    January forecast, India remains the fastest growing major economy in the world,
    the World Bank officials said.
  • The growth projections for China
    remains unchanged at 6.5 per cent for 2017 and then 6.3 per cent for 2018 and
    2019.
  • The World Bank in its latest
    Global Economic Prospects, projects India’s growth at 7.5 per cent in 2018 and
    7.7 per cent in 2019.
  • In both the years, the forecast
    has been downgraded by 0.3 per cent and 0.1 percentage points compared to the
    January 2017 forecast.
RCom-Aircel merged wireless company to be called Aircom

  • Reliance Communications (RCom)
    Chairman Anil Ambani on 2 June 2017 announced that the merged entities of RCom
    and Aircel will be called Aircom.
  • These merged entities are
    Reliance Communications and Maxis Communications Berhad (MCB). Both the
    companies announced their merger plans in September 2016.
  • R-Com will demerge its wireless
    business and transfer it to the new entity Aircom.
  • Both R-Com and Maxis will hold 50
    per cent each in the new entity Aircom.
  • The merged company will be one of
    India’s largest private sector companies. It will have an asset base of over
    65000 crore rupees and net worth of 35000 crore rupees.
  • The company will be managed by an
    independent professional team under the supervision of the board.
  • Once the merger is completed,
    RCom’s overall debt will be reduced by 25000 crore rupees or over 40 per cent
    of its debt, while Aircel’s debt will reduce by 4000 crore rupees.
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National Aviation University, Bird Worldwide Flight Services India Sign
MoU For Training In Aviation And Aerospace Sector

  • The National Aviation University
    (NAU) signed an Memorandum of understanding (MoU) with the Bird Worldwide
    Flight Services (India) Private Limited for training in aviation and aerospace
    sector. The MoU was signed on June 1, 2017, to develop professional aviation
    and aerospace education programmes and research for the benefit of the Indian
    civil aviation industry.
  • Internships and campus placements
    for eligible students have been incorporated in the provisions of MoU.
  • The Ministry of Civil Aviation is
    encouraging industry participation in skills development in order to ensure
    employability of the persons being skilled on the one hand and sustainability
    of skill development programmes on the other, said a statement from the
    ministry.
  • On the same day the National
    Skill Development Corporation (NSDC) and the Bird Education Society for Travel
    & Tourism also signed an MoU aimed at training, skilling and empowering
    more than 30,000 unemployed youth across various states, including North-East
    states, over the next six years.
  • The focus of the skill
    development programmes would be on quality of skilling which is aligned to the
    National Skill Qualification Framework (NSQF).
News related to India & states
ISRO launches India’s heaviest satellite using launch vehicle GSLV Mark
III D1

  • Indian Space Research
    Organisation (ISRO) on 5 June 2017 successfully launched the communication
    satellite GSAT-19 into a Geosynchronous Transfer Orbit (GTO). The communication
    satellite was lifted by an indigenously developed launch vehicle named
    Geosynchronous Satellite Launch Vehicle Mark III (GSLV Mk- III) D-1 from the
    second launch pad of the spaceport at the Satish Dhawan Space Centre,
    Sriharikota at 5.28 pm.
  • The GSLV Mk-III is referred as
    FAT Boy of ISRO or India is ISRO’s its most powerful rocket. The countdown to
    ISRO’s historic launch of GSLV Mark III D-1 was started on 4 June 2017 at the
    Satish Dhawan Space Centre, Sriharikota.
  • In a further advance of its space
    programme with this successful launch, India has managed to win a bigger share
    of the $300 billion global space industry.
  • This is the first ever
    developmental flight for the 4-ton class vehicle, powered by the indigenous
    cryogenic upper stage of 20 tonnes thrust. In this test flight, the ISRO’s most
    powerful ever rocket is set to carry the satellite of 3136 kg lift off mass
    into space, the heaviest ever to be launched from Indian soil.
  • GSLV Mark III has double the
    capacity of its predecessor GSLV Mark II in terms of its payload carrying
    capacity. Its first stage is made of two straps on motors filled with solid
    fuel.
  • The second and core stage is
    fueled by liquid propellants. The most crucial cryogenic engine at its upper
    stage provides a heavy thrust of 20 tonne to give the mammoth rocket the edge
    to take heavier payloads such as 4-ton class communication satellites to
    geosynchronous transfer orbits.
  • At 3136 kgs (6914 lb) the GSAT-19
    satellite will be the heaviest India has attempted to put in orbit, the space
    agency said. The United States, Russia, China, Japan and European Space Agency
    have launched satellites weighing over three tonne.
  • Prime Minister Narendra Modi’s
    government has been promoting the home-grown space programme as a demonstration
    of low-cost technology and in February it launched 104 satellites in a single
    mission, most of them for foreign customers.
India successfully test-fired 1st all weather tracked-chassis QR-SAM

  • India on 4 June 2017 successfully
    test-fired indigenous first all weather tracked-chassis Quick Reaction
    Surface-to-Air Missile (QR-SAM). The QR-SAM was test-fired from a mobile
    launcher at Integrated Test Range (ITR) at Chandipur in Odisha at around 12:39
    p.m. local time.
  • This test of the QR-SAM was the first
    test of the indigenously developed sophisticated high-speed missile that is
    capable of destroying aerial targets, tanks, bunkers and short range missiles.
  • Official sources said the test
    was carried out for validating various parameters of the sophisticated weapon
    system to further strengthen its air defence system.
  • The QR-SAM was jointly developed
    by the Defence Research Development Organisation (DRDO) and Bharat Electronics
    Limited.
  • Reports suggest that this missile
    system has the potential to engage multiple targets within a range of
    approximate 30 kilometres, with the configuration of two vehicles for area air
    defence.
  • It is equipped for quick reaction
    and the system is all weather enabled, a network-centric one, which is also
    capable of search-on-the-move.
Trai launches apps “MyCall” and “MySpeed” to
monitor call quality, measure data speed

  • Sector regulator Trai on Monday
    launched a new app — MyCall — that enables subscribers to rate the quality of a
    phone call.
  • After a call ends, a pop-up will
    appear requesting the user to rate the call based on their experience.
  • The caller will have to select
    the rating in the form of stars and indicate whether the call was made indoor,
    outdoor or while travelling.
  • Callers can also provide
    additional details such as noise or audio delay and mark a call drop, if they
    believe that is how the call got terminated.
  • Trai has also rolled out an
    update to its MySpeed app, which allows customers to measure 3G/4G data speeds and
    send the results to the regulator.
Appointments
Indian origin Leo Varadkar set to become next Ireland Prime Minister

  • Ireland’s governing Fine Gael
    Party on 2 June 2017 elected Leo Varadkar as its new leader to succeed Enda
    Kenny as the Prime Minister. Varadkar is a gay son of an Indian immigrants.
  • Varadkar won an overwhelming
    majority among the centre-right party’s lawmakers and defeated ministerial
    colleague Simon Coveney. However, Varadkar will be voted in as the next Prime
    Minister of the country during Ireland’s Parliament session on 13 June 2017.
  • With this, Varadkar will become
    the Catholic country’s first gay Prime Minister and the youngest person ever to
    hold the office. He is a son of an Irish nurse and a doctor from India. 
Ganeshan Neelakanta Iyer becomes first Indian to be inducted in ITTF
URC

  • Ganeshan Neelakanta Iyer in the
    first week of June 2017 became the first Indian to be nominated as a member of
    the Umpires and Referees Committee (URC).
  • Following the AGM of the
    International Table Tennis Federation (ITTF) early in June 2017, the Board of
    Directors of various committees met on the sidelines of the ongoing World
    Championships and handpicked the best in the business for the job.
  • The term of Iyer, who is the only
    assigned competition manager of International Table Tennis Federation, as URC
    member is for a period of two years and can be extended.
Shashi Shekar Vempati appointed as CEO of Prasar Bharati

  • Shashi Shekar Vempati was on 2
    June 2017 appointed as the Chief Executive Officer (CEO) of Prasar Bharati. He
    will have a tenure of five years from the date of assumption of office.
  • He was appointed on the
    recommendation of the three member committee headed by Vice President M Hamid
    Ansari.
  • Vempati is currently serving as a
    Part Time Member of the Prasar Bharati Board.
Days
2017 International Day of Innocent Children Victims of Aggression
observed globally

  • International Day of Innocent
    Children Victims of Aggression was observed across the world on 4 June 2017.
    Originally focused on victims of the 1982 Lebanon War, the day provides an
    opportunity to the world to acknowledge the pain suffered by children
    throughout the world who are the victims of physical, mental and emotional
    abuse.
  • The day also affirms the
    commitment of the United Nations (UN) to protect the rights of children.
  • The International Day of Innocent
    Children Victims of Aggression, which is annually observed on 4 June as a
    United Nations observance day, was established on 19 August 1982.
World Environment Day observed with theme ‘Connecting People to Nature’

  • The World Environment Day (WED)
    was observed on 5 June 2017 with the year’s theme ‘Connecting People to
    Nature’. The day is annually observed with an aim to encourage awareness and
    action for the protection of the environment.
  • The day that began in 1974 is a
    flagship campaign for raising awareness on emerging environmental issues from
    marine pollution to global warming, to wildlife crime and sustainable
    consumption.
  • Today, the campaign has grown to
    become a global platform for public outreach that is widely celebrated all over
    the world.
  • Every World Environment Day has a
    different global host country, where the official celebrations take place.
    Canada was chosen as the host country for the celebration of the 2017 World
    Environment Day. World Environment Day is an important part of Canada’s 150th
    birthday celebrations. As part of the festivities, Canada offers free passes
    for its national parks throughout 2017.
Sports News
Sai Praneeth clinches 2017 Thailand Open Grand Prix Gold

  • Indian third seed B. Sai Praneeth
    on 4 June 2017 captured the Men’s Singles title in the USD 120000 Thailand Open
    Grand Prix Gold badminton championship.
  • Praneeth defeated Indonesian
    fourth seed Jonatan Christie 17—21, 21—18, 21—19 in an hour and 11 minutes in
    the final match played at Nimibutr Stadium, Bangkok, Thailand.
  • In April 2017, he defeated
    Kidambi Srikanth 17-21, 21-17, 21-12 to clinch his maiden Super Series title in
    the Singapore Open final.
Awards & Honors
Vizianagaram wins MGNREGA National Award
  • The Union Ministry of Rural
    Development in the first week of June 2017 selected Vizianagaram as one among
    the 17 districts across the nation for the MGNREGA Annual Award for effective
    implementation of the Mahatma Gandhi National Rural Employment Guarantee Act
    during 2015-16.
  • The prestigious award would be
    presented to the district programme coordinator and District Collector at the
    Mahatma Gandhi NREGA Sammelan on 19 June 2017 in New Delhi.
  • Vizianagaram, a city and district
    headquarters of Vizianagaram district in the state of Andhra Pradesh, had
    generated works for 361668 households in 2015-16 and disbursed Rs 483.42 crore
    as wages with an average of Rs 106.

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