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Wednesday, July 25, 2018

DAILY CURRENT AFFAIRS: 12 JUNE 2018


DAILY CURRENT AFFAIRS: 12 JUNE 2018
(DAILY NEWS INDIA)
                                  SHARED BY: WWW.DAILYGK.IN

1.      PRESIDENT RAM NATH KOVIND TO LAUNCH SOLAR CHARKHA MISSION
i. President Ram Nath Kovind will launch Solar Charkha Mission which will entail a subsidy of 550 crore rupees in the initial two years for 50 clusters. According to the Minister for Micro, Small and Medium Enterprises Giriraj Singh, the scheme is aimed at linking five crore women and self-help groups to the initiative.
ii. 15 new technology centres will be set up and out of these, ten will be made operational this year. These centres will provide technological support to small industries.

2.      INDIA, US AGREE TO HOLD COMPREHENSIVE TALKS TO ADDRESS TRADE & ECONOMIC ISSUES
i. India and the US have agreed to hold comprehensive talks to address trade and economic issues.
ii. The decision in this regard was taken during a series of meetings, Commerce and Industry Minister Suresh Prabhu had with US Commerce Secretary Wilbur Ross and US Trade Representative Robert Lighthizer. Mr Suresh Prabhu was on a two-day visit to the US.

3.      INFLATION RISES TO 14-MONTH HIGH OF 4.43% IN MAY
i. Inflation based on wholesale prices shot up to a 14-month high of 4.43% in May on increasing prices of petrol and diesel as well as vegetables. The Wholesale Price Index (WPI) based inflation stood at 3.18%in April and 2.26% in May 2017.
ii. According to government data released, inflation in food articles was at 1.60% in May 2018, as against 0.87% in the preceding month. Inflation in vegetables climbed to 2.51% in May. Inflation in ‘fuel and power’ basket rose sharply to 11.22% in May from 7.85% in April as prices of domestic fuel increased in line with rising global crude oil rates.


4.      UNITED STATES, MEXICO AND CANADA WIN RIGHT TO HOST 2026 WORLD CUP
i. The United States, Mexico and Canada won the right to host the 2026 World Cup after easily beating Morocco in a vote by FIFA member nations in Moscow.
ii. The North American bid received 134 of the 203 votes, while Morocco polled 65 in the ballot at a FIFA Congress held in Moscow.

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