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Wednesday, June 21, 2017

DAILY CURRENT AFFAIRS: 18TH JUNE 2017

DAILY CURRENT AFFAIRS: 18TH JUNE 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1. WORLD SUMMIT ON INFORMATION SOCIETY FORUM 2017 HELD IN SWITZERLAND
i. The World Summit on the Information Society Forum 2017 was held in Geneva, Switzerland.
ii. The World Summit on the Information Society Forum 2017 represents the world’s largest annual gathering of the ‘ICT for development’ community.
iii. The annual WSIS Forum is a global multi-stakeholder platform facilitating the implementation of the WSIS Action Lines for advancing sustainable development.
iv. The Forum was co-organised by ITU, UNDP, UNESCO and UNCTAD in close collaboration with all WSIS Action Line co-/facilitators and other UN organizations (UNDESA, FAO, WHO, UNEP, UN Women, WIPO, WFP, ILO, WMO, UPU, ITC, UNODC, UNICEF, and UN Regional Commissions).
v. It provided an opportunity for information exchange, knowledge creation and sharing of best practices, while identifying emerging trends and fostering partnerships, taking into account the evolving Information and Knowledge Societies.

2. SWITZERLAND RATIFIES AUTOMATIC EXCHANGE OF INFORMATION WITH INDIA
i. Switzerland ratified an automatic exchange of financial account information with India in order to facilitate immediate sharing of details about suspected black money.
ii. The decision was reportedly taken under the guidance of G20, Organization for Economic Cooperation and Development and other multilateral organizations.
iii. Swiss Federal Council said that the implementation of the information exchange is planned for 2018 and that the first set of data exchange would happen in 2019.

3. INDIA’S CURRENT ACCOUNT DEFICIT NARROWED IN FISCAL YEAR 2016-2017, SAYS RBI
i. Reserve Bank of India said India’s current account deficit narrowed during the last fiscal due to a contraction in the country’s trade deficit.
ii. CAD for fiscal year 2016-17 narrowed to 0.7% of the Gross Domestic Product from 1.1% in 2015-16 on the back of the contraction in trade deficit.
iii. India’s trade deficit for the same period narrowed to $112.4 billion in 2016-17 from $130.1 billion in 2015-16.

4. IBBI NOTIFIES FAST TRACK INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS REGULATIONS
i. The Insolvency and Bankruptcy Board of India has notified the Fast Track Insolvency Resolution Process for Corporate Persons Regulations.
ii. These regulations will provide the process from initiation of insolvency resolution of eligible corporate debtors.  The process in these cases shall be completed within a period of 90 days, as against 180 days in other cases.
iii. The Adjudicating Authority if satisfied, extend the period of 90 days by a further period up to 45 days for completion of the process.
iv. A creditor or a corporate debtor may file an application, along with the proof of existence of default, to the Adjudicating Authority for initiating fast track resolution process.
v. After the application is admitted and the interim resolution professional is appointed. If the IRP is of the opinion, based on the records of corporate debtor, that the fast track process is not applicable to the corporate debtor, he shall file an application before expiry of 21 days from the date of his appointment.

5. KANNADA PLAYWRIGHT SHIVAPRAKASH HONOURED WITH KUSUMAGRAJA
i. Kannada poet and playwright H S Shivaprakash has honoured with the prestigious Kusumagraja Rashtriya Puraskar and Latur-based Menka Dhumale was presented YCMOUs Baburao Bagul story writing award for year 2016 for her book “Korda Paus”.
ii. Shivaparakash has given prestigious Kusumagraja Rashtriya Puraskar for his outstanding contribution to social and educational fields.
iii. The award is constituted by the Nashik-based Yashwantrao Chavan Maharashtra Open Universitys Kusumagra jaadhyasan (Chair), carries a cash prize of Rs one lakh, a memento and a citation.

6. SALMAN KHAN’S ‘SULTAN’ TO BE SCREENED AT SHANGHAI FILM FEST
i. Bollywood superstar Salman Khan’s “Sultan” is to be screened at the 20th Shanghai International Film Festival.
ii. The gala is to be held June 17-26, 2017 in Shanghai, China. The movie features Salman in the role of a wrestler and is he paired with Anushka Sharma. The movie is directed by Ali Abbas Zafar

7. SERBIA PRESIDENT NAMES ANA BRNABIC ITS 1ST OPENLY GAY AND FIRST FEMALE PRIME MINISTER
i. Serbia’s President has nominated the minister Ana Brnabic as Prime Minister. Ana Brnabic is the 1st woman and first openly-gay politician to become the PM of Serbia.
ii. President Aleksandar Vucic has announced Ana Brnabic is his official nomination as Prime Minister-designate. Her government needs formal approval by Serbia’s parliament next week.
iii. Her appointment into government last year was hailed by human rights groups as historic for the country whose gay community continues to face discrimination, harassment and violence.
iv. Ms Brnabic is currently government minister of public administration and local government of Serbia. The new Prime Minister is a former “businesswoman of the year” in her country.

8. WORLD DAY TO COMBAT DESERTIFICATION AND DROUGHT: JUNE 17 2017
i. The World Day to Combat Desertification and Drought was observed globally on 17 June.
ii. Theme of The World Day to Combat Desertification and Drought was ‘Our land Our home Our Future’.  Its aim is to promote public awareness of international efforts to combat desertification.
iii. The World Day to Combat Desertification and Drought is examined the important link between land degradation and migration. The day reminds everyone that land degradation neutrality is achievable through problem-solving, strong community involvement and co-operation at all levels.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. WORLD SUMMIT ON THE INFORMATION SOCIETY FORUM 2017 WAS HELD IN?
a)  Beijing, China
b)  Paris, France
c)  Geneva, Switzerland
d)  Tokyo, Japan
Q2. RESERVE BANK OF INDIA SAID INDIA’S CURRENT ACCOUNT DEFICIT FOR FISCAL YEAR 2016-17 NARROWED TO _______% OF THE GROSS DOMESTIC PRODUCT FROM 1.1% IN 2015-16?
a)  0.8%
b)  0.5%
c)  0.6%
d)  0.7%
Q3. THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFIED THE FAST TRACK INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS REGULATIONS, 2017. IBBI WAS FORMED IN WHICH YEAR?
a)  2016
b)  2014
c)  2015
d)  2017
Q4. WHO AMONG THE FOLLOWING HAS BEEN PRESENTED THE PRESTIGIOUS KUSUMAGRAJA RASHTRIYA PURASKAR OF THIS YEAR FOR HIS OUTSTANDING CONTRIBUTION TO SOCIAL AND EDUCATIONAL FIELDS?
a)  V K Krishnamurthy
b)  H S Shivaprakash
c)  L V Laxman
d)  S S Rajaram
Q5. WHAT WAS THE THEME OF ‘WORLD DAY TO COMBAT DESERTIFICATION AND DROUGHT’ 2017 OBSERVED ON JUNE 17?
a)  ‘Protect Earth. Restore Land. Engage People’
b)  ’Our land. Our home. Our Future’
c)  ‘Desertification and Climate Change – One Global Challenge’
d)  ‘Combating land degradation forsustainable agriculture’

ANSWERS: 
1 - C    2 - D    3 - A    4 - B    5 - B



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