Today's Important Current Affairs 27th June 2018 with PDF

2018/06/27

If you are appearing for any Government Recruitment Exam, it is important that you are familiar with the happenings around the world. Current Affairs is an important part of your syllabus apart from English, Quantitative Aptitude or Logical Reasoning! Thus, we bring you the Important General Awareness in PDF. Now, Banking, SSC and Insurance aspirants can read the update containing all the Important Current Affairs 27th June 2018. You can also attempt yesterday’s current affairs quiz:

Current Affairs Quiz – 26th June 2018

Check this Daily Current Affairs Video and acquaint yourself with the current events for the preparation of various Government Exams.

Important Current Affairs 27th June 2018

President launched the Solar Charkha Mission
- President, Ram Nath Kovind launched the Solar Charkha Mission which will cover 50 clusters and employ 400 to 2000 artisans.
- A portal of the Ministry of MSME called “Sampark” was also unveiled by the President.
- “Udyam Sangam” is a step forward towards consolidating synergy of all the govt initiatives relating to MSME Sector.
Oxytocin formulations ban from 1st July 2018
- The Ministry of Health and Family Welfare has restricted the manufacture of Oxytocin formulations for domestic use to public sector only from 1st July 2018.
- Only Karnataka Antibiotics & Pharmaceuticals Ltd (KAPL), a public sector company, would be manufacturing this drug for domestic use.
- Oxytocin helps with birth & milk production not only in humans but also in cattle such as buffalo, cows.
India pledges $5 Million for Palestinian aid
- India has pledged USD 5 million in assistance to UN agency working for welfare of Palestinian refugees to help bolster its severe funding crisis.
- A total of 20 countries, including India, announced contributions to the 2018 budget of the United Nations Relief and Works Agency for Palestine Refugees.
- UNRWA relies entirely on voluntary contributions from states & US is the largest contributor.
Haddad and Nabarro win World Food Prize
- Lawrence Haddad and David Nabarro win 2018 World Food Prize.
- The World Food Prize was created by Nobel Peace Prize laureate Norman Borlaug in 1986 to recognize scientists and others who have improved the quality and availability of food.
- The two men who have worked to provide availability of nutritious food for pregnant women and children to reduce malnutrition in developing countries.
PSB’s account for 85% of bank fraud cases
- Public Sector Banks accounted for a staggering 85% of nearly 6,500 fraud cases, amounting to more than Rs 30,000 Cr.
- Top 10 banking frauds in 2018 alone lead to a financial loss of Rs 10,000 Cr. Banks had reported nearly 5,000 frauds amounting to Rs 20,000 Cr in the fiscal year 2017.
- The PSB’s have a disproportionate share of over 85%, exceeding their business share of about 65% to 75%.
British Queen approves Brexit law
- Britain’s Queen Elizabeth granted royal assent to Prime Minister Theresa May’s Brexit legislation on 26th June.
- The debate over the legislation will formally end the country’s European Union membership.
- The E.U. (Withdrawal) Bill would repeal the 1972 European Communities Act through which Britain had become a member of EU.
- The Brexit day in British law slated as March 29, 2019.
S Ramesh appointed as Chairman of CBIC
- S Ramesh has been appointed as Chairman of the Central Board of Indirect Taxes and Customs (CBIC), the apex policy-making body for indirect taxes.
- Ramesh, an officer of the Indian Revenue Service had mandated with the responsibility of implementing the Goods and Services Tax (GST).
- The CBIC, which works under the Finance Ministry, is headed by a Chairman and can has 6 members.
DBS Bank to launch subsidiary in India
- DBS Bank of Singapore will launch its subsidiary in India in Oct 2018, the 2nd foreign bank in the country to convert its local operations.
- The bank has invested another Rs 500 Cr in March 2018 to take the total capital in India to Rs 5000 Cr and plans to expand to 50 branches.
- State Bank of Mauritius was the 1st to open a local subsidiary after RBI came out with the regulations in 2013.
RBI’s Financial Stability Report on NPA’s
- The Reserve Bank of India’s Financial Stability Report (FSR) has warned that gross Non-Performing Assets (NPA) of troubled banks are likely to rise from 11.6% in March 2018 to 12.2% by March 2019.
- Gross NPAs of banks have already crossed the Rs 10,00,000 crore mark in the fiscal ended March 2018.
- The system-level capital to risk-weighted assets ratio (CRAR) may come down from 13.5% to 12.8%.
India records highest number of IPOs globally
- Indian exchanges recorded the highest IPO activity as the country saw 90 IPO launches that raised $3.9 billion.
- The exchanges account for 16% of the total issues in the first half of 2018.
- Out of 90 deals that listed, 15 listed both on NSE & BSE result in 93% of the total proceeds.
- The financial sector, infrastructure and consumer companies with strong growth continue to boost IPO activity.
Jai Hind 1-S: World’s lightest satellite
- Four students of Chennai build the world’s lightest and cheapest satellite weighing just 33.39 grams.
- The name of the satellite is ‘Jai Hind 1-S’ and would be launched in August 2018.
- It analyses data like temperature, UV density and vapour pressure, at various points of the satellite’s upward journey. This will help in research and the better understanding of the environment in outer space.
ISRO to find nuclear fuel on moon
- Indian Space Research Organisation (ISRO) will launch a rover in October 2018 through Chandrayaan 2 to explore virgin territory on the lunar surface & analyze crust samples for signs of water & helium-3.
- The isotope is abundant on the moon and could meet global energy demands for 250 years.
- The rover is powered by solar energy & will collect information for 14 days on the surface of the moon
China to cut tariffs on soybean from India
- China will cut import tariffs on soybean and some other goods from India and four other Asian nations from July 1.
- China will reduce tariffs on soybean imported from India, South Korea, Bangladesh, Laos, and Sri Lanka from 3% to zero.
- This comes as a step to escalate ongoing trade war as the US is a major supplier of soybeans to China.
Naval exercise RIMPAC to begin in Hawaii
- The world’s largest biennial multilateral naval exercise Rim of the Pacific (RIMPAC) will begin on 27th June off cost Hawaii in the Western Pacific Ocean.
- Indian Naval Ship Sahyadri will participate in the 26th edition of RIMPAC exercise.
- India’s participation in the exercise provides a platform for increased interoperability and understanding of maritime security operations.
EPFO changes provision for withdrawing funds
- Retirement fund body EPFO provided an option to withdraw 75% of their funds after 1 month of unemployment.
- The members would also have an option to withdraw remaining 25% of their funds and go for final settlement of account after completion of 2 months of unemployment.
- These provisions are done under the Employee Provident Fund Scheme 1952.
US Ambassador to UN Nikki Haley visits India
- US Ambassador to the UN, Nikki Haley is on a 2-day visit to India.
- Haley will meet with senior Indian government officials, NGO leaders, and the interfaith community to underscore the United States’ shared values and a strong alliance with the people of India.
- She is the first Indian-American to serve in a Cabinet-level position in any US presidential administration.
Mumbai costlier than Washington and Melbourne
- According to a Mercer survey, Mumbai is the most expensive city in India to live in for expatriates as compared to Washington and Melbourne.
- Hong Kong is ranked as the world’s costliest city to live in for expatriates, followed by Tokyo, Zurich, Singapore, and Seoul.
- Bengaluru, which has a high population of expatriates is getting more reasonable on cost of living.
EAM Sushma Swaraj launched Passport Seva app
- External Affairs Minister Sushma Swaraj launched Mobile Passport Application on the occasion of 6th Passport Seva Divas on 26 June 2018 in New Delhi.
- Through mPassportSeva app, people can apply for a passport from any part of the country.
- Police verification will be done on the address, provided by the applicant on the app, another step towards simplification of passport service to people.
Sanitation Plan for Swachh Iconic Places
- Institutions of 10 selected heritage sites of the country created action plans for raising their sanitation standards.
- The plans were formulated at a 2-day consultation in Hyderabad held between Central and State Government agencies, local administrations & the Trusts of the iconic places.
- The Swachh Iconic Places initiative aims to achieve a distinctly higher level of sanitation at places.
15th India-Australia Ministerial Commission
- The 15th India-Australia Joint Ministerial Commission (JMC) was held on 25th June 2018, in Canberra, Australia.
- The meeting was chaired by Minister of Commerce & Industry & Civil Aviation, Suresh Prabhu & Australian Minister for Trade, Tourism & Investment Steven Ciobo.
- A MoU was signed between Austrade and Invest-India in order to facilitate bilateral investment flows.