DAILY GK 10 JUNE 2019

DAILY GK 10 JUNE 2019

1. ESTONIA, NIGER, ST. VINCENT AND THE GRENADINES, TUNISIA, VIETNAM ELECTED TO UNSC AS NON-PERMANENT MEMBERS

✔Estonia, Niger, St. Vincent and the Grenadines, Tunisia and Vietnam were elected to United Nations Security Council as Non-permanent Members for a 2-year term beginning January 1, 2020.

✔The Security Council has 15 members – 5 permanent members namely China, France, Russian Federation, the United Kingdom & the United States and 10 non-permanent members who are elected for two-year terms by the General Assembly.

✔At present, 10 non-permanent members are Belgium, Cte d’Ivoire, Dominican Republic, Equatorial Guinea, Germany, Indonesia, Kuwait, Peru, Poland and South Africa.

2. WORLD’S MOST PUNCTUAL AIRLINE TAG WON BY SRILANKAN AIRLINES

✔Sri Lanka’s state-run Srilankan Airlines has been named the world’s most punctual airline by flight data analysis company Flightstats.com. 

✔This is the second consecutive time in less than 12 months that Sri Lankan has achieved this milestone.

✔LATAM Airlines was in second place, All Nippon Airways was in third place.

3. TATA MUTUAL FUND LAUNCHED INDIA’S FIRST MUTUAL FUND SIDE POCKET

✔Tata Mutual Fund launched the side-pocketing (segregated portfolio) option to set aside its troubled investment in Dewan Housing Finance Limited.

✔They were created for 3 schemes namely Tata Corporate Bond Fund, Tata Medium Term Fund and Tata Treasury Advantage Fund.

4. E-MONEY SHARE IN INDIA’S PAYMENT SYSTEMS REACHES 21.5%: RBI

✔According to new report “Benchmarking India’s Payment Systems” released by RBI stated that the share of e-Money in India’s payment systems raise to 21.5 per cent in 2017 from 0.8 per cent in 2012.

✔India was next to Japan and the US in 2017 with respect to e-Money transactions of Rs 3,459 million.

✔India has 26 per cent of online transactions using e-Money, next only to China.

5. RBI RELAXED LEVERAGE RATIO FOR BANKS TO 3.5%

✔The Reserve Bank of India relaxed the Leverage Ratio for banks to 3.5%. This is done to help them in order to expand their lending activities. The LR is reduced to 4% for Domestic Systemically Important Banks.

✔LR is defined under Basel-III norms, Tier 1 Capital as a percentage of the bank’s exposure.

6. ANDHRA PRADESH CM APPOINTS 5 DEPUTY CMS IN CABINET

✔Andhra Pradesh Chief Minister Jagan Mohan Reddy appointed 5 Deputy CMs in a full 25-member Cabinet,one each from Scheduled Caste, Scheduled Tribe, Backward Classes, Minority and Kapu communities.

✔The 5 Deputy CMs- Pamula Pushpa Sreevani, Pilli Subhash Chandra Bose, Alla Kali Krishna Srinivas, L Narayana Swamy and AmzathBashatook oath at a ceremony held near the State Secretariat in Velagapudi, Amravati.