Latest Current Affairs Daily Update

19th June 2021 Current Affairs in English

National News

UK and Australia agreed on historic free trade agreement

A new free trade agreement with the United Kingdom will deliver more Australian jobs and business opportunities for exporters, bringing both countries closer together in a changing strategic environment.

Prime Ministers Scott Morrison and Boris Johnson have agreed on the broad outlines of an Australia-UK Free Trade Agreement (FTA).

The FTA is the right deal for Australia and the United Kingdom, with greater access to a range of high-quality products made in both countries as well as greater access for businesses and workers, all of which will drive economic growth and job creation in both countries.

Australian producers and farmers will receive a significant boost by getting greater access to the UK market.

Useful notes for all competitive exams:

  • UK Capital: London;
  • UK Prime minister: Boris Johnson;
  • UK Currency: Pound sterling;
  • Australia Capital: Canberra;
  • Australia Currency: Australian dollar;
  • Australia Prime minister: Scott Morrison.

Rajasthan govt will set Vedic Education and Sanskar Board

The Rajasthan government will soon set up a Vedic Education and Sanskar Board to revive the knowledge of Sanskrit scriptures and Vedas. The board is likely to be formed in the next four to five months.

A committee, formed to define aims, objectives, and functioning of the board, has submitted its report to the state government, Minister of State (MoS) for Sanskrit Education Subhash Garg mentioned, adding modules will be presented before the board based on the report. He stated the Vedic board would come into function after approval from Chief Minister Ashok Gehlot.

Useful notes for all competitive exams:

  • Chief Minister of Rajasthan: Ashok Gehlot; Governor: Kalraj Mishra.

MP Govt launches ‘Yuva Shakti Corona Mukti Abhiyan’

The Government of Madhya Pradesh has launched ‘Yuva Shakti Corona Mukti Abhiyan’ to make the people of the state aware of the ongoing COVID-19 pandemic. It translates to free from Corona with the help of the youth power campaign.

Students in colleges in small groups will be given information and details about the significance of COVID-friendly behaviour and vaccination.

On the instructions of Chief Minister Shivraj Singh Chouhan, the campaign has been launched by the higher education and the technical education department of the state in collaboration with the public healthcare and family welfare department.

Useful notes for all competitive exams:

  • Chief Minister of Madhya Pradesh: Shivraj Singh Chouhan; Governor: Anandiben Patel.

Appointments

Govt appoints Aashish Chandorkar as director at India’s WTO mission

The government of India has appointed a private person Aashish Chandorkar as Counsellor in India’s Permanent Mission in the World Trade Organisation for three years. For the first time, a private person has been appointed at the Mission.

Chandorkar is director of Bengaluru-based policy think tank Smahi Foundation of Policy and Research. The WTO is a 164-member multi-lateral body, which deals with global trade. India is a member since 1995.

Useful notes for all competitive exams:

  • World Trade Organization Director-General: Ngozi Okonjo-Iweala;
  • World Trade Organization Headquarters: Geneva, Switzerland;
  • World Trade Organization Founded: 1 January 1995.

Banking

LIC CSL launches prepaid gift card in collaboration with IDBI Bank

LIC Cards Services (LIC CSL) has launched a contactless prepaid gift card, ‘Shagun’, in collaboration with IDBI Bank on the RuPay platform.

The purpose of this card is to expand the gift card market with an intent to promote cashless ways of gifting and present a wide range of end-use choices and in a future foray into the market of e-gift cards.

NPCI partnered with LIC CSL & IDBI Bank for the launch of the Shagun Gift Card on RuPay network.

Shagun card, in the initial phase, will be available to LIC and its subsidiaries for official use. The card will be used to facilitate awards and special rewards during official conferences and functions.

The Shagun gift card offers customisation in the form of flexible loading of any amount ranging from Rs 500 to Rs 10,000. With this card, the customer can perform multiple transactions within the validity of 3 years.

They can also use it to shop online, pay utility bills, book tickets for air, rail, bus, and so on through various mobile wallets and E-commerce portals or apps using this card. The contactless (tap & go) feature of the card is aimed at transforming the transaction experience for users.

Useful notes for all competitive exams:

  • IDBI Bank CEO: Rakesh Sharma.
  • IDBI Bank Headquarters: Mumbai, Maharashtra.

Economy

CII projects India’s FY22 GDP growth at 9.5%

The Confederation of Indian Industry (CII) has estimated the gross domestic product (GDP) of India to grow at 9.5 per cent in the current financial year, i.e. FY 2021-22. This will take the GDP to a level that is slightly higher than in FY20.

Rising medical expenditure has squeezed incomes and demand. But recovery is on the cards. Global growth and macroeconomic stability will support trade and investment flows.

Ranks and Reports

India ranked 2nd in share of central bank surplus transfers

The Reserve Bank of India (RBI) was second in terms of reserves transferred to the government as a percentage of gross domestic product (GDP) for the fiscal year 2020-21. Turkey has been ranked first.

RBI has transferred Rs 99,122-crore surplus to the government for FY21 which is 73% higher than the Rs 57,128 crore paid out in 2019-20.

The surplus transferred by RBI constitutes 0.44% of GDP, while that of the Central Bank of the Republic of Turkey constitutes 0.5% of GDP.

Global Peace Index 2021 announced

The 15th edition of the Global Peace Index (GPI) announced by Institute for Economics and Peace (IEP) Sydney, the GPI is the world’s leading measure of global peacefulness.

The index ranks 163 independent states and territories according to their level of peacefulness. This report presents the most comprehensive data-driven analysis to date on trends in peace, its economic value, and how to develop peaceful societies.

Iceland remains the most peaceful country in the world, a position it has held since 2008. It is joined at the top of the index by New Zealand, Denmark, Portugal, and Slovenia.

Afghanistan is the least peaceful country in the world for the fourth consecutive year, followed by Yemen, Syria, South Sudan, and Iraq. 

India has moved up two notches from its previous year’s ranking to become the 135th most peaceful country in the world and the 5th in the region.

Science and Technology

European Space Agency (ESA) will launch world’s first wooden satellite

The European Space Agency (ESA) has planned to launch the world’s first wooden satellite. It is going to be launched from New Zealand. It will be launched from a Rocket Lab Electron rocket by the end of 2021. The satellite is the brainchild of Jari Makinen.

The satellite, WISA Woodsat, is a nanosatellite. It is 10cm on each side, length, height, and width. The sensors of the satellite have been developed by the European Space Agency (ESA) and designers have placed the wood in a thermal vacuum chamber to keep it dry.

A very thin aluminium oxide layer has been used to minimize the vapour coming from the wood and to protect it from the erosive effects of atomic oxygen. The non-wooden external parts are made up of aluminium rails.

Useful notes for all competitive exams:

  • European Space Agency Headquarters: Paris, France;
  • European Space Agency Founded: 30 May 1975, Europe;
  • European Space Agency CEO: Johann-Dietrich Worner.

Sports

Sports brand Puma India extends partnership with Yuvraj Singh

Global sports brand Puma India has extended partnership with former Indian cricketer Yuvraj Singh, who has been associated with the brand for over a decade.

Moving from cricket to the fast lane, Yuvraj will now be seen in a new avatar as the face of Puma Motorsport in India, showcasing his passion for fast cars and sports-inspired fashion.

With this, Yuvraj has joined the brand’s global league of legends like Thierry Henry, Boris Becker and Usain Bolt.

Globally, Puma is associated with Scuderia Ferrari, Mercedes-AMG Petronas Formula One Team, Aston Martin Red Bull Racing, BMW M Motorsport and Porsche Motorsport.

With India being one of the biggest markets for Puma motorsport, the brand looks to capitalize on the growing demand for street style products inspired by performance gear.


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