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Monday, June 26, 2017

DAILY CURRENT AFFAIRS: 22ND JUNE 2017

DAILY CURRENT AFFAIRS: 22ND JUNE 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1. BANK CREDIT GROWS AT 6.02%, DEPOSITS AT 11.19%
i. According to data released by RBI, Banks’ credit growth grew at 6.02% to Rs 76,58,212 cr in the fortnight ended June 9 from Rs 72,22,939 cr in the same period of fiscal 2016, whereas bank deposits grew at 11.19% to Rs 105,77,947 cr from Rs 95,13,148 cr in the fortnight ended June 10, 2016.
ii. Credit growth was slightly higher than the previous fortnight ended on May 26, 2017.
iii. In the fortnight ended May 26, 2017, credit growth grew by 5.08% with an outstanding loans at Rs 75,93,546 cr.


2. AXIS BANK, KOCHI METRO LAUNCHES INDIA’S 1ST SINGLE-WALLET CONTACTLESS, OPEN LOOP METRO CARD
i. Axis Bank in association with Kochi Metro Rail Corporation has launched KMRL Axis Bank ‘Kochi1’ Card, India’s 1st open loop EMV contactless metro card that would make travel a convenient and hassle free experience for commuters in Kochi.
ii. Axis Bank has partnered with National Payments Corporation of India in developing this transit EMV contactless specification on interoperable open standards.
iii. The prepaid card has integrated benefits and offers a plethora of services to commuters such as shopping at merchant outlets. The commuter will receive a completely personalized KMRL Axis Bank ‘Kochi1’ Card across the counter in a matter of minutes.

3. GDP GROWTH TO RISE TO 7.5% IN FY19: FITCH
i. According to Fitch Ratings India’s GDP growth will steadily rise from 7.4% to 7.5% in 2018-19 and to 7.6% in 2019-20.
ii. Fitch has also reported that growth would be boosted by the goods and services tax, increased public spending on infrastructure, and a supportive monetary policy over the last two years.
iii. GDP growth expected to pick up to 3.1% in 2018 from 2.5% in 2016.  As per the Fitch it would be the highest rate seen since 2010.

4. FIRST UNIT OF 100 MW SAINJ HYDROPOWER PROJECT COMMISSIONED
i. The 1st 50 MW unit of 100 MW Sainj Hydro Power project of Himachal Pradesh Power Corporation Limited has commissioned with northern grid through Parvati-Kol Dam transmission line.
ii. The impounding of water in the reservoir was started on February 2 this year and the mechanical testing was done successfully on April 25. Sainj Hydro Power Project has been constructed on Sainj River, a tributary of Beas River.
iii. The second unit of 50 MW would also be commissioned soon and the project would produce 322 million units of electricity every year.
iv. It will generate an income of Rs 100 cr to the state government. It is a 6.36 km long tunnel with 3.85 metre diameter and two turbines of 50 MW each have been installed.

5. QATAR AIRWAYS IS VOTED THE WORLD’S BEST AIRLINE IN 2017
i. Qatar Airways is voted the World’s Best Airline at the SKYTRAX 2017 World Airline Awards.
ii. The Doha based carrier has won the prestigious Airline of the Year title for a 4th time. Qatar Airways has also won major awards for the World’s Best Business Class, the World’s Best First Class Lounge and as the Best Airline in the Middle East.
iii. Singapore Airlines was ranked No. 2 in the world and also received awards as the Best Airline in Asia, the World’s Best Business Class seat and for having the Best Premium Economy Onboard Catering.
iv. The World’s Top 7 Airlines 2017 as follows: Qatar Airways,  Singapore Airlines, ANA All Nippon Airways, Emirates, Cathay Pacific, EVA Air and Lufthansa.

6. MANAPPURAM FINANCE APPOINTS JEEVANDAS NARAYAN AS MANAGING DIRECTOR OF MANAPPURAM HOME FINANCE
i. Manappuram Finance has announced the appointment of Jeevandas Narayan as the Managing Director and Subhash Samant as CEO of its fully-owned home loans subsidiary, Manappuram Home Finance.
ii. Narayan, who has more than 37 years of experience in the financial services industry, was Managing Director of State Bank of Travancore.
iii. Samant, with more than 20 years of experience, has worked with Larsen and Toubro Housing Finance, ICICI Bank, DHFL and GIC Housing Finance.

7. SAUDI ARABIA NAMES MOHAMMED BIN SALMAN AS CROWN PRINCE
i. Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman was named as crown prince.
ii. Mohammed bin Salman has replaced his cousin as heir to the throne that confirms King Salman’s 31-year-old son as next ruler of the world’s leading oil exporter.
iii. The new crown prince already controls the defense, oil and economy portfolios. He also heads the Council for Economic and Development Affairs.
iv. Prince Mohammed chairs the supreme board of Aramco, making him the first member of the ruling family to directly oversee the state oil company

8. 3RD INTERNATIONAL YOGA DAY CELEBRATED ON JUNE 21 2017
i. 3rd edition of International Yoga Day was celebrated across India on June 21 with several government and private institutions organizing yoga events for the masses. 2017 International Yoga Day theme was ‘Yoga for Health’
ii. This year, PM Narendra Modi was in Lucknow where he performed yoga along with Uttar Pradesh CM Yogi Adityanath and 51,000 participants at Ramabhai Ambedkar Sabha Sthal.
iii. The Ramamani Iyengar Memorial Yoga Institute of Pune has been selected as the 1st recipient of the Prime Minister’s award for outstanding contribution for promotion and development of yoga 2017.
iv. On June 21 more than 8,000 school children formed the “longest yoga chain” in front of the iconic Mysuru Palace in Karnataka to create a new world record.

9. WORLD MUSIC DAY: JUNE 21 2017
i. World Music Day 2017 Day is being celebrated on 21st of June 2017. It is first incorporated by France in 1982.
ii. The theme of World Music Day 2017 was Musicians gather to perform at public place.
iii. It marks the beginning of summer solstice that is the longest day of the year. World Music day has been adopted by over 120 nations across the world, including India.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. ACCORDING TO DATA RELEASED BY RESERVE BANK OF INDIA, BANKS’ CREDITGROWTH GREW AT ____% IN THE FORTNIGHT ENDED JUNE 9?
a)  5.92%
b)  5.82%
c)  6.02%
d)  5.72%
Q2. WHICH BANK IN ASSOCIATION WITH KOCHI METRO RAIL CORPORATION HAS LAUNCHED ‘KOCHI1’ CARD, WHICH IS INDIA’S 1ST OPEN LOOP EMV CONTACTLESS METRO CARD?
a)  Kotak Mahindra Bank
b)  ICICI Bank
c)  Yes Bank
d)  Axis Bank
Q3. SAINJ HYDRO POWER PROJECT IS LOCATED IN WHICH INDIAN STATE?
a)  Himachal Pradesh
b)  Uttarakhand
c)  Chhattisgarh
d)  West Bengal
Q4. JEEVANDAS NARAYAN HAS BEEN APPOINTED AS THE MANAGING DIRECTOR OF?
a)  Dewan Housing Finance Corporation
b)  Manappuram Home Finance
c)  Aaditya Birla Housing Finance
d)  Edelweiss Housing Finance
Q5. MOHAMMED BIN SALMAN HAS BEEN NAMED AS THE CROWN PRICE OF?
a)  Qatar
b)  UAE
c)  Oman
d)  Saudi Arabia

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


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