Today Current Affairs 1st June 2017

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India and Pakistan’s entered to the China-backed Shanghai Cooperation Organisation (SCO) Astana, Kazakhstan. The Shanghai Cooperation Organisation (SCO) granted full membership status to Pakistan and India during its Ufa summit held in Russia in 2015. SCO is the political and security grouping headquartered in Beijing. The Astana Summit will be held on 8-9 June. 

Economic Affairs Secretary Shaktikanta Das got retired from his post who is associated with the Government of India for almost 37 years. He will be succeeded by Tapan Ray, who will take the additional charges as the new Economic Affairs Secretary.

India's Dhanraj Choudhary represents Asia in the International Table Tennis Federation (ITTF) re-elected as a Board of Director (BoD) for another four years along with other continental representatives. Choudhary, who is the former secretary-general of the Table Tennis Federation of India. 

The National Aeronautics and Space Administration (NASA) Parker Solar Probe launched in the summer of 2018 to explore the sun’s atmosphere. The satellite is named as the Parker Solar Probe in honour of astrophysicist Eugene Parker. The 10-feet high Parker Solar Probe will fly within 6.4 million km of the sun’s surface right into the solar atmosphere. This will be NASA’s first mission to the sun and its outermost atmosphere corona.

Defence Minister Arun Jaitley inaugurated a grid-connected solar power plant of 16 MW capacity at the Ordinance Factory in Telangana’s Medak district. The solar power plant at Medak set up at a cost of Rs 105 crore by Bharat Electronics Limited (BEML) with the commissioning of 9 Mega Watt windmill project at Dammit. The ‘best performance’ award in exports for 2014-15 was given to Goa Shipyard Limited while the award for 2015-16 was conferred on Bharat Electronics Limited, Bengaluru.

The Telangana state government will be launching its T-Wallet as an “anytime anywhere digital payment option for everyone”. The state government also got clearance from the Reserve Bank of India (RBI) to launch the e-payment facility. The T-Wallet will charge a nominal cost for private transactions and charges will not be applicable for paying electricity bills, water bills, property taxes.

The Asian Development Bank (ADB) and the Punjab National Bank (PNB) signed a $100 million loan to be guaranteed by the Government of India to finance large solar rooftop systems on industrial and commercial buildings throughout India. Solar Rooftop Investment Program (SRIP) approved by ADB in the year 2016. India's solar rooftop market is expanding fast with an estimated total capacity potential of 124Giga Watts (GW) aiming to increase the country's solar rooftop capacity by 40 GW in 2022.

Ramachandra Guha, appointed by the Supreme Court as one of the four administrators of The Board of Control for Cricket in India (BCCI) resigned from the post due to personal reasons. Historian Ramachandra Guha was a member of the Committee of Administrators (COA). Vikram Limaye, Managing Director of Infrastructure Development Finance Company (IDFC), and former Indian women cricket captain Diana Edulji were the other administrators appointed by the Supreme Court.

The Union Ministry of Earth Sciences (MoES) planned to launch ‘Deep Ocean Mission’ by January 2018. ‘Deep Ocean Mission’ will improve India’s position in ocean research field. India designated an area of 75,000 square km for deep sea exploration. This area has an estimated resource of about 100 million tonnes of strategic metals such Copper, Nickel, Cobalt besides Manganese and Iron.

China launched cybersecurity law to ensure its national security, amid criticism from foreign companies. According to the Cyberspace Administration of China (CAC). the law is designed to safeguard China's cyberspace sovereignty, national security, public interest, as well as the rights and interests of citizens, legal persons and other organisations.

As per the data released by the Ministry of Statistics, India registered 7.1% growth in the financial year 2016-17, which is slower than the 8% registered in 2015-16. India registered a Gross domestic product (GDP) growth of 6.1% compared with China’s 6.9% in the same period. India lost its fastest-growing major economy tag in the fourth quarter of the year 2016-17. 

World Milk Day is an initiative of the United Nations Food and Agriculture Organisation (FAO) to celebrate the contribution of the dairy industry around the globe on 1st June every year. The tagline added this year as a Raise a glass for milk. The Day provides an opportunity to focus attention on milk and to publicise activities connected with milk and the milk industry. This date was chosen because a number of countries were already celebrating a national milk day on or around this time. The first World Milk Day was held in 2001.

India has signed a loan agreement of 36 million dollars with the World Bank for Himachal Pradesh Public Financial Management Capacity Building Programme. The objective of the project is to improve the efficiency of Public Expenditure Management and Tax Administration in Himachal Pradesh.  The programme worth is about 45 million dollars, of which 36 million dollars will be financed by the Bank, and the remaining amount will be funded out of State Budget. The programme duration is 5 years.

Microsoft Co-founder Paul Allen announced publicly the world's largest aircraft with a 385-foot wingspan, capable of launching rockets. It took six years to build the aircraft called 'Stratolaunch' capable of carrying up to 250 tonnes of cargo. The idea used in the spaceship is similar to the First used space aircraft Space Ship one.

The Indian Railways introduced 'Buy Now, Pay Later' service for passengers to book tickets online first and make payment for the reservations within a window of 15 days. The facility, which allows passengers to travel after five days of booking the ticket, is available for confirmed, waitlisted, and Reservation Against Cancellation (RAC) berths. The new Indian Railway Catering and Tourism Corporation (IRCTC) feature is being enabled in partnership with the Mumbai-based ePaylater company.