Current Affairs 8th June 2017 - Banking, SSC, UPSC Affairs

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The National Aeronautics and Space Administration (NASA) Lt Col Raja Grinder Chari commander of the 46 1st Flight Test Squadron as well as the director of the F-35 Integrated Test Force at Edwards Air Force Base in California. NASA selected seven men and five women who will comprise the 22nd class of American spaceflight trainees since 1959. After the completion of two years of training, the selected astronauts will be assigned various roles like performing research on the International Space Station (ISS) and flying on deep space missions.

Prime Minister Narendra Modi will attend the summit of the Shanghai Cooperation Organisation (SCO). At the summit in Astana, India and Pakistan will become full members of the grouping, which at present comprises China, Russia, Kazakhstan, Kyrgyzstan, Uzbekistan, and Tajikistan. India will become a full member of the SCO upon which the SCO will represent over 40 per cent of humanity and nearly 20 percent of the global GDP. The inauguration of the Astana Expo with the theme of “Future Energy”.

Konkan Railway Corporation Ltd (KRCL) is planning to develop 21 new stations on its route and double a 147-km stretch of the track. A total 147 km of the railway track would be doubled under the expansion and modernisation project on the Konkan route at a cost of Rs. 3,000 crore. The KRCL will also take up electrification work at a cost of Rs. 1,110 crore.

Shri C K Mishra, Secretary (Health and Family Welfare) inaugurated the ‘Vatsalya – Maatri Amrit Kosh’, a National Human Milk Bank and Lactation Counselling Centre at the Lady Hardinge Medical College (LHMC) in New Delhi.  The Vatsalya – Maatri Amrit Kosh will be the largest milk bank and lactation counseling center available in the North India. It is a national human milk bank and lactation counseling center that will collect, pasteurize, test and safely stores milk that has been donated by lactating mothers and makes it available for infants in need.

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved the proposed Memorandum of Understanding (MoU) between Export-Import Bank of India (EXIM Bank) and Export-Import Bank of Korea (KEXIM) for export credit of USD 9 billion. The decision is expected to promote the country’s international exports and deepen political and financial ties between India and South Korea.

The process for electing the 15th President of India will begin on June 14 with the Election Commission issuing the notification for the polls as per the Chief Election Commissioner Nasim Zaidi. The term of President Pranab Mukherjee will come to an end in July 2017. 

K G Karmakar and Gauri Shankar are appointed as Independent Directors of India Post Payments Bank (IPPB). The Appointments Committee of the Cabinet has approved their appointment to the post on the board of directors of the bank for a period of three years. The IPPB has been incorporated as a public sector bank under the Department of Posts with 100 per cent equity of the Government of India.

The Union Cabinet gave its approval for Securities and Exchange Board of India (SEBI) to enter into two separate memoranda of understanding (MoU) with securities market regulators of the European Union and Iran. These MoUs are expected to strengthen cooperation between India and the respective countries on matters pertaining to the securities market. In the case of the European Securities and Markets Authority (ESMA), the MoU is likely to establish cooperation arrangements as a precondition for ESMA to recognize Central Counter Parties (CCPs).

According to the report of United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2017, India to remain as a favorite destination for Foreign Direct Investment (FDI) even though tax related concerns remain as a deterrent for the foreign investors. According to the report, the favorite destinations for FDI are the United States of America (USA), China, and India. The World Investment Report has been published by the United Nations Conference on Trade and Development (UNCTAD) annually since 1991.

World Oceans Day is celebrated across the world on June 8. The theme for World Oceans Day 2017 is Our Oceans, Our Future. This day provides a unique opportunity to honor, help protect, and conserve the oceans.

Union Minister for Health and Family Welfare Shri J P Nadda launched the ‘Skill for Life, Save a Life’. This initiative’ aims to upscale the quantity and quality of trained professionals in the healthcare system. Its objective is to upscale the quantity and quality of trained professionals in the healthcare system.

Minister of State for Skill Development Rajiv Pratap Rudy confirmed that 1.17 crore aspirants in various skills through Ministry of Skill Development Entrepreneurship (MSME) schemes and programs of Skill India. Pradhan Mantri Kaushal Vikas Yojana (PMKVY) launched in the year 2015 witnessed more than 26. 5 lakh people getting trained in skills of their choice till date, of which 50 percent are women candidates. National Apprenticeship Promotion Scheme (NAPS) has given training to 5.9 lakh people.

United Nations Secretary General Antonio Guterres warned that by 2050 global demand for fresh water is projected to grow by more than 40%. A Quarter of the world's population will live in countries with a chronic or recurrent lack of clean water.

India is among the top five consumer markets in Asia offering retailers consumer spending growth of an average of 6.1 percent over the next five years. The other four countries are China, Sri Lanka, Vietnam, Indonesia. BMI Research was founded in 1984 Business Monitor International and later in 2014 was acquired by Fitch Group. The firm performs industry and financial market analysis in 24 Industries and 200 Global markets.

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