JUNE 12, 2017 COMPLETE REFERENCE TO CURRENT AFFAIRS

Business:

  1. ONGC  ( State owned Oil and Natural Gas Corp) may acquire India’s third largest fuel retailer HPCL in a Rs. 42254 crore deal.

National:

  1. India may become power surplus country  in the current fiscal as the energy shortage peak power deficit was less than 1% in April, the shortage was 0.5% compared with 1.4% a year earlier.
  2. GST council decides to lower rates on 66 items: Of 133 representations to reducing rates GST council downwards rate of 66 items.
    Rate Cut:
    Movie ticket costing rs. 100 or less, tractor components– 18% from 28%
    Cashew Nuts, Insulin– 5% from 12%
    Packaged foods like sauces and pickles– 12 % from 18%
    The council also decided to increase the limit under compensation scheme to Rs. 75 lakh from Rs. 50 lakh.
  3. Veteran banker Vikram Limaye will take over the post of MD and CEO of National Stock Exchange (NSE).
  4. Justice CS karnan becomes first High Court Judge to retire while absconding
  5. India has emerged as the 7th largest exporter of agri-products globally.
  6. World Day against Child Labour 2017 observed
  7. Poet Haraprasad Das conferred with Kalinga Literary Award
  8. Padma Bhushan and Jnanpith awardee C Narayana Reddy passed away following health complications. He was one of the most distinguished Telugu poets of his generation.
  9. England beat Venezuela to win FIFA U-20 World Cup for first time
  10. NITI Aayog launches SATH Program-SATH aims to identify and build three future ‘role model’ states for health systems.
  11. Government launches Tele Law to provide legal aid in rural areas via video conferencing-Under the scheme, a portal called ‘Tele-Law’ will be launched, which will be available across the Common Service Centre (CSC) network. This will connect the citizens to legal service providers with the help of technology-enabled platforms.
  12. Technocrat Shashi Shekar Vempati took over as the CEO of Prasar Bharti today. He is the first non-Indian Administrative Service (IAS) officer to head the public broadcaster which runs Doordarshan (DD) and All India Radio (AIR).
  13. French Open 2017 Winners List

    Men’s Singles : Rafael Nadal (Spain)
    Women’s Singles : Jeļena Ostapenko (Latvia)
    Men’s Doubles : Ryan Harrison (United States) / Michael Venus(New Zealand)
    Women’s Doubles : Bethanie Mattek-Sands (United States) / Lucie Šafářová (Czech Republic)
    Mixed Doubles : Gabriela Dabrowski (Canada) / Rohan Bopanna (India)

Emerging terms,peoples and News:

  1. UBI – Universal Basic Income.
  2. French President: Emmanuel macron
  3. Israel Prime Minister: Benjamin Netanyahu
  4. JIT- Joint Investigating Team- releated to Panama Papers- PM of Pakistan got summoned – Bought expensive flats in London through offshore account.
  5. Indian Para athlete- Suvarna Raj

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