Daily GK Update 7th June 2017, Important Current Affairs

1. 64th National Film Awards
i. The 64th National Film Awards were announced in which the Directorate of Film Festivals presents its annual National Film Awards to honor the best films of 2016 in the Indian cinema.
 ii. The awards ceremony will be held on 3 May 2017 in India.

2. BMI Research: India One of Top 5 Consumer Markets in Asia
i. According to BMI Research, a Fitch group company, India is among the top five consumer markets in Asia offering retailers the strongest consumer spending growth of an average of 6.1% over the next five years.
ii. The other four countries are China, Sri Lanka, Vietnam and Indonesia.

3. World Health Day: 7 April 
i. World Health Day is celebrated on 7th of April every year to mark the anniversary of the founding of the World Health Organization. 
ii. The theme of 2017 World Health Day is 'Depression: Let's Talk'.

4. National Human Milk Bank and Lactation Counselling Centre Inaugurated
i. Health Secretary C K Mishra has inaugurated the ‘Vatsalya – Maatri Amrit Kosh’, a National Human Milk Bank and Lactation Counselling Centre at the Lady Hardinge Medical College (LHMC) in New Delhi. ii. This centre would be the largest public sector human milk bank and lactation counselling centre available in North India.

5. Venkaiah Naidu inaugurated 3-day National Children’s Film Festival
i. Union Minister of Information and Broadcasting and Urban Development M Venkaiah Naidu inaugurated a three-day National Children’s Film Festival in Vishakhapatnam, Andhra Pradesh. 
ii. It is the largest film festival for children in the country giving the audience quality and wholesome entertainment. The aim of the film festival is to expose children to quality cinema and to introduce novel elements beyond films.

6. India & Israel sign defense deals worth over 2 billion dollars
i. India and Israel signed a mega defense deals worth over 2 billion dollars for advanced surface-to-air missile (SAM) systems, to further tighten the bilateral strategic partnership ahead of Prime Minister Narendra Modi's visit to Israel in July, 2017. 
ii. The SAM systems are designed to destroy hostile aircraft, missiles and drones at a range of 70-km. The major deal was for the joint project between the Defence Research and Development Organization (DRDO) and Israel Aerospace Industries (IAI) for the Barak-8 medium-range SAM systems for the Indian Army.

7. RBI Keeps the Repo Rate Unchanged
i. The Reserve Bank of India has kept repo rate unchanged at 6.25% in its second bi-monthly monetary policy review.
ii. Reverse Repo rate has been kept unchanged at 6%.
iii. The RBI has cut the Statutory Liquidity Ratio (SLR) by 50 basis points to 20%.
iv. RBI has projected the headline inflation in the range of 2.0-3.5% in the first half of 2017-18 and 3.5-4.5% in the second half.
v. According to the central bank, the implementation of GST is not expected to have material impact on overall inflation. It has observed that the 7th Pay Commission allowances, geo political, financial risk pose upside risk to inflation.
vi. RBI has reduced the growth projection for the current fiscal to 7.3% from 7.4%.
vii. The monetary policy decision has been taken by the six-member monetary policy committee (MPC). The RBI has also revised its target for gross value added (GVA) by 10 basis points to 7.3%.

8. RBL Bank opens IFSC Banking Unit in GIFT City
i. Ratnakar Bank limited (RBL) Bank announced the opening of its Indian Financial System Code (IFSC) Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City). 
iiThe leading private sector bank had received an in-principle approval from RBI for setting up IBU in November 2016.

9. NEFT transfers to be faster as RBI cuts clearance time
i. The Reserve Bank of India (RBI) has decided to slash clearance time for National Electronic Funds Transfer (NEFT) in an attempt to enhance the efficiency of the electronic payment system and add to customer convenience.  
ii. The NEFT settlement cycle will be reduced from hourly batches to half hourly batches, the RBI stated in the first bi-monthly monetary policy for 2017-18. 
iii. 11 additional settlement batches will be introduced at 8.30 am onwards, taking the total number of half hourly settlement batches during the day to 23. RBI also stated the starting batch at 8 am and closing batch at 7 pm shall remain the same and the return discipline will also remain the same as per the existing practice.

10. World’s First Hybrid ‘Aeroboat’ Unveiled
i. The world’s first hybrid ‘aeroboat’ which has been built by an Indo-Russian joint venture has been unveiled at a start-ups event organized by Russia’s state-run Skolkovo Foundation.

11. Hoshiar Singh Appointed as Chief of Copyrights office
i. Hoshiar Singh, a 1994 batch officer of the Indian Telecom Service has been appointed as Registrar of Copyrights for a period of five years as per the recent order issued by the Department of Personnel and Training (DoPT).

12. India signs Agreement to provide $318 million Line of Credit to Sri Lanka
i. India has signed an agreement with Sri Lanka to provide USD 318 million as line of credit for developing Sri Lanka’s railway sector.
ii. The agreement was signed between Sri Lanka’s Ministry of Finance and Mass media, and Managing Director of India’s Export Import Bank in Colombo.

13. India's first transgender police officer appointed in Tamil Nadu
i. K Prithika Yashini, aged around 25 years, is the first transgender person to become a police official in India, appointed in Tamil Nadu. 
ii. After struggling with the social dogma and gender bias, she recently applied to become a police sub-inspector in Dharampuri, Tamil Nadu. A court in Chennai, Madras has now ruled in her favour.

14. Ministry approves appointment of two foreign athletics coaches
i. Sports Minister Mr. Vijay Goel has approved the appointment of two top foreign athletics coaches, one each in race walking and 400m race. Australian Dave Smith has been appointed as the coach in race walking. 
ii. The ministry also approved the appointment of American Galina P Bukharina as coach of national 400m and 400m relay teams. The appointments have been made keeping in mind the 2020 Tokyo Olympics
iii. The ministry has also approved the appointment of two masseurs- Dmitry Kislev and Elmira Kisleva both from Russia.

15. UP Board to have NCERT Books from Next Academic Year
i. The Uttar Pradesh state government has planned to replace textbooks meant for Uttar Pradesh Secondary Education Board with the ones published by the National Council of Educational Research and Training (NCERT) with an aim to bring the curriculum of UP Board at par with the CBSE.
ii. The decision to introduce NCERT books is expected to come into force with the academic year 2018-19.

16. RCB, Nazara tie up to launch online cricket game
i. Royal Challengers Bangalore and gaming entity Nazara Games have come together to launch a new mobile cricket game RCB Star Cricket. 
ii. This will also mark the first cricket franchise to have a game off the field and on the screen.

17. P V Sindhu reaches career-best World No.2 ranking
i. Rio Olympics silver medallist P V Sindhu jumped three places to achieve a career-best world number two ranking in the latest Badminton World Federation (BWF) rankings. 
ii. The 21-year-old shuttler from Hyderabad became only the second Indian woman after Saina Nehwal to break into the top-five of the world rankings by earning 75759 points. 

18. Sachin to become part of the UN Campaign Highlighting Role of Father’s in Child’s Development
i. Sachin Tendulkar will join other global celebrities like Dravid, Beckham, Novak Djokovic, Academy Award winning American actor Mahershala Ali, British Formula One racing driver Lewis Hamilton and Australian actor Hugh Jackman for UNICEF’s ‘Super Dads’ campaign that highlights the critical role played by fathers in children’s early development.

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