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June 26, 2018

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NATIONAL NEWS

  1. The government has further extended the ban on import of milk and its products, including chocolates, from China for six months till 23 December.
    • The ban was first imposed in September 2008 and later extended from time to time.
    • The ban was imposed on apprehensions of presence of melamine in some milk consignments from China.
    • Melamine is a toxic chemical used for making plastics and fertilisers.
    • Although India does not import milk, milk products from China, it has imposed the ban as a preventive measure.
    • India is the world’s largest producer and consumer of milk. It produces around 150 million tonne milk annually.
  1. Traditional Boat race – Vallam Kali will begin on June 28.
    • It is observed in Kerala.
    • The season of boat races in Kerala will begin with the Champakulam Moolam boat race.
    • The Champakulam Moolam Boat Race is one of the oldest vallam kali (snake boat race) (after the Aranmula Boat Race) in Kerala state of south India.
    • The race is for the Raja Pramukhan.
  1. National Family Health Survey (NFHS) 2015–2016
    • Stunting has declined from 46.3% (2005-06 Report) to 34.4%.
    • Wasting rates have increased from 16.5% to 25.6% (Wasting – The process by which a debilitating disease causes muscle and fat tissue to “waste” away i.e. excessive weight loss).
    • The underweight rate (36%) has remained static in the last 10 years.
      1. This is worse than in some of the world’s poorest countries — Bangladesh (33%), Afghanistan (25%) or Mozambique (15%).
      2. This level of poor nutrition security disproportionately affects the poorest segment of the population.
    • Every second tribal child suffers from growth restricting malnutrition due to chronic hunger.
      1. In September 2016, the National Human Rights Commission issued notice to the Maharashtra government over reports of 600 children dying due to malnutrition in Palghar.
  1. Saudi Arabian Oil Co., or Saudi Aramco (world biggest oil producer) and Abu Dhabi National Oil Co. (Adnoc), the state-run oil firm of the United Arab Emirates (UAE) will jointly develop the massive refinery and petrochemicals complexes at Ratnagiri in Maharashtra.
    • With three million barrels per day of crude oil production, Adnoc is the world’s 12th largest producer and UAE is a member of the Organization of the Petroleum Exporting Countries (Opec).
  1. Water Crisis
  • About 200,000 people die every year due to inadequate access to water.
  • There are many dimensions to the problem.
    1. One of the most important is agriculture, given that it consumes about 83% of India’s freshwater resources.
  • Another recent report – “Water Productivity Matching Of Major Crops”
    1. It is published by the National Bank for Agriculture and Rural Development (Nabard) and Indian Council for Research on International Economic Relations (Icrier).
    2. Consider the production of water-thirsty crops like paddy and sugar cane in the Punjab-Haryana belt and Maharashtra, respectively. There is a serious mismatch between the cropping pattern of these crops and water resource availability in the states growing them.
  • The Nabard-Icrier report also makes an argument for moving such high water-reliant crops to other, relatively water-abundant areas.
  • For instance, in regions with high irrigation water productivity better suited to water-intensive crops—such as Jharkhand and Chhattisgarh—poor power supply and other such problems make cultivation of water-intensive crops non-remunerative. There is room for the government to correct such misalignment.
  • India’s public sector agricultural research institutions led by the Indian Council of Agricultural Research had released a record 313 new crop varieties during 2016-17. These crops would increase farm production while minimizing the use of inputs.
  • Scientists from the Tamil Nadu Agricultural University – They have been suggesting irrigation techniques such as the Alternate Wetting and Drying Method (AWD)—a widely practised technique in the Philippines and Vietnam—in the wake of the Supreme Court’s Cauvery water-sharing decision.
  • This technique enables farmers to save up to 5,000 litres of water for each kilogram of rice produced—water savings of about 30% without a decline in yields.

 

  1. Indian women suffering from deficiency of vitamin D are susceptible to diabetes, according to a study published in the British Medical Journal.
    • The study that involves 1,361 women from Delhi aged 20 to 60 years showed a significant association of low vitamin D levels with higher blood glucose values in women with pre-diabetes.
    • The study is conducted by the All India Institute of Medical Sciences along with Fortis C-DOC and Diabetes Foundation (India).
    • According to a recent report by the Associated Chambers of Commerce and Industry of India (Assocham), a trade association in the country, around 88% of Delhi’s population has less than normal vitamin D levels.
  1. Key leaders of the Gorkha National Liberation Front (GNLF) are set to start a political movement against the status quo, after stepping down from the West Bengal government’s board for civic and economic development of Darjeeling.
  1. A recent report “The Power of Parity: Advancing Women’s Equality In Asia Pacific’ by the McKinsey Global Institute (MGI) for the Asia-Pacific region, India’s gender inequality is extremely high on work & politics.
  • India’s score was 30 in gender equality at work and 0.78 in legal protection and political voice out of 1.0 scale.
  • India behind the Asia-Pacific average in all four, but ahead of Bangladesh and Pakistan.
  • In India, women contribute just 18% to GDP and the female share of the labour force stands at 25%.
  • It is second in the region only to Pakistan, where women contribute 11% to the GDP and form 22% of the workforce.
  • It has broad categories: Work, Services & enablers, Legal & political, Physical Security.
  • Here it can be categorized as :

Points

Category

0.-0.50

Extremely high inequality

0.50-0.75

High inequality

0.75-0.95

Medium Inequality

0.95-1.0

Low Inequality

  • Advancing women’s equality in the countries of Asia Pacific, the report suggests, could add $4.5 trillion to their collective GDP annually in 2025.
  1. The National Buildings Construction Corporation (NBCC), tasked with redeveloping half a dozen south Delhi colonies assured the Delhi High Court that no trees would be cut for the project till July 4.

 


INTERNATIONAL NEWS

  1. An anti-doping sports conference named “Clean Sport=Fair Outcome?” was conducted to address the issue of doping, at Oslo, Norway.
  2. RemoveDebris, the first-ever satellite to test possible solutions in cleaning up space junk has been deployed by the International Space Station (ISS).
    • RemoveDebris will begin experiments in orbit soon. It will use various innovative technologies to clean up space debris.

 

BANKING AND ECONOMY

  1. The Reserve Bank of India (RBI) has come out with draft guidelines on constituting a Board Of Management (BoM) in addition to the Board Of Directors, for Urban Cooperative Banks (UCBs).
    • It would strengthen the governance in these banks.
    • The BoM will be responsible for credit, risk and liquidity management of the bank.
    • The BoM will consist of members with special knowledge and practical experience in banking.
  1. BSE and NSE have put in place a new framework to shortlist and review stocks under enhanced surveillance measures.
    • Under the new guidelines, public sector enterprises and public sector banks will be excluded from the process of shortlisting of securities under Additional Surveillance Measures (ASM).
    • The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and Price-Earning ratio.
  1. BSE to launch platform to make stock market listing attractive for startups.
    • It will be launched at its SME (small and medium enterprise) segment.
    • It will facilitate the listing of companies in sectors like IT, ITES, bio-technology and life sciences, 3D printing, space technology and e-commerce.
    • A company needs to have a pre-issue paid up equity share capital of a minimum of Rs 1 crore.
    • It should be in existence for a minimum period of three years on the date of filing the draft prospectus with BSE.
  1. The country’s oldest public sector financial institution Industrial Finance Corporation of India (IFCI) plans to raise Rs 3,000 crore from debt, including bonds, during the current fiscal.

 

 

APPOINTMENTS

  1. Recep Tayyip Erdogan has been re-elected as the President of Turkey.

 

IMPORTANT DAYS

  1. On 25th June 2018, Day of the seafarer was celebrated throughout the world.
    • Day of the Seafarer is coordinated by the International Maritime Organization.
    • The theme for Day of the Seafarer 2018 is: “seafares well-being
  1. 26th June 2018 – International Day Against Drug Abuse and Illicit Trafficking
    • The theme for 2018 is: “Listen First – Listening to children and youth is the first step to help them grow healthy and safe”
    • Objective – To strengthen action and cooperation to achieve the goal of an international society free of drug abuse.
  1. June 26, 2018 – International Day in Support of Victims of Torture
    • The United Nations’ (UN) International Day in Support of Victims of Torture is annually observed on June 26 to remind people that human torture is not only unacceptable – it is also a crime.

 

AWARDS

  1. Actor Kalki Koechlin will be conferred with the French distinction of Knight of the Order of Arts and Letters (Chevalier dans l’Ordre des Arts et des Lettres) for her contribution in enhancing Indo-French ties in cinema.
  2. 19th edition of International Indian Film Academy (IIFA) Awards ceremony was held at Siam Niramit Theatre in Bangkok, Thailand.

Best Picture:

Tumhari Sulu

Best Director:

Saket Chaudhary (Hindi Medium)

Best Actor in a Leading Role (Female):

Sridevi (Mom)

Best Actor in a Leading Role (Male):

Irrfan Khan (Hindi Medium)

Best Supporting Actor (Female):

Meher Vij (Secret Superstar)

Best Supporting Actor (Male):

Nawazuddin Siddiqui (Mom)

Best Story:

Amit V Masurkar (Newton)

 

 

SPORTS

  1. Archer Deepika Kumari won her first individual gold medal in six years at the Salt Lake World Cup of 2018 Hyundai Archery World Cup (US).
    • Deepika was a World Cup Final silver medallist in 2011, 2012, 2013 and 2015.
  1. Sumadhura Group, a Realty firm announced that, it has appointed cricket player MS Dhoni as its brand ambassador.
  2. India’s Karman Kaur Thandi bagged her first singles title on the (International Tennis Federation) ITF Pro circuit at the Hong Kong ITF Tournament.