Current Affairs Daily Updates: 9th June 2017

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Current Affairs Daily Updates: 9th June 2017
APPOINTMENTS
Lakshmi Vilas Bank appoints B K Manjunath as Part-time Chairman for 3 years
  • Lakshmi Vilas Bank (LVB) appointed B K Manjunath as a Part-time chairman for three years.
  • Manjunath is a member of Institute of Chartered Accountants of India and a practicing charted accountant for the last 25 years.
  • Lakshmi Vilas Bank informed the stock exchange that subsequent to an approval granted by the Reserve Bank of India (RBI), the Board of Directors of the bank at their meeting have co-opted B K Manjunath as additional director in the category of Non-Executive and Independent Director.
Trump nominates Christopher Wray as new FBI director
  • US President Donald Trump has nominated former justice department official Christopher Wray as the new director of theFederal Bureau of Investigations (FBI).
  • He would be replacing James Comey.
  • Wray’s nomination would require confirmation from the US Senate.
AWARDS AND HONOURS
Muttiah Muralitharan inducted into ICC's Hall of Fame
  • Sri Lankan cricketer Muttiah Muralitharan was admitted into the International Cricket Council's (ICC) Hall of Fame.
  • ICC Chairman Dave Richardson handed the former off-spinner the Hall of Fame memento in front of the Sri Lankan squad who were playing India in a Champions Trophy Group B Game.
  • Muralitharan was awarded the honor along with Arthur Morris, George Lohmann and Karen Rolton by fellow ICC Cricket Hall of Famers and members of the media.
Virat Kohli Indian cricketer in top 100 of Forbes list of world’s Highest paid athletes
  • Indian cricket team captain Virat Kohli is the sportsperson from the country to feature in the world’s 100 highest paid athletes in the latest Forbes list topped by soccer star Cristiano Ronaldo.
  • Virat Kohli has been ranked 89th on the 2017 Forbes list of ‘The World’s highest paid athletes’ with a total pay of $ 22 million that includes $ three million from salary and winnings and another 19 million from endorsements.
  • The list has been topped by Ronaldo with a total pay of 93 million dollars.
Bengaluru girl Sahithi Pingali to get a planet in Milky Way named after her
  • Sahithi Pingali, a twelfth grader from Bengaluru will get a minor planet in Milky Way named after her as a reward for developing an integrated mobile phone app and lake monitoring kit to monitor pollution in water bodies.
  • Sahithi Pingali had presented her paper titled “An Innovative Crowdsourcing Approach to Monitoring Freshwater Bodies” at the Intel International Science and Engineering Fair (ISEF).
  • Intel International Science and Engineering Fair (ISEF) is considered as the largest pre-college scientific research event in the world.
  • Sahithi won the Gold Medal for her research on ‘An Innovative Crowdsourcing Approach to Monitoring Freshwater Bodies’ on Bengaluru’s lakes at ISWEEEP (The International Sustainable World Engineering Energy Environment Project) Olympiad held in Texas.
BANKING AFFAIRS
Axis Bank to issue biodegradable prepaid gift cards
  • Axis Bank Ltd has announced biodegradable prepaid gift cards on the occasion of World Environment Day (05th June).
  • With this, the bank has become the first to introduce biodegradable cards in the country. The card has the look and feel of regular plastic cards and can be used in PoS terminals and ATMs. Biodegradable cards can also be recycled.
BUSINESS AND ECONOMIC AFFAIRS
Walmart retains Top position in Fortune 500 List
  • Walmart topped the Fortune's annual list of Americas top 500 companies for the fifth consecutive year with the revenue of $ 485.8 million.
  • IT based Apple made the progress in the profit, with $53 billion jumped from 5 to 3 place
  • Amazon.com moved from 29 to 18 place.
  • Walgreens jumped from 35 to 19th place
  • Facebook jumped 85 to 157th place.
DEATHS
Former ICHR chairman Basudev Chatterji passes away
  • Noted historian and former ICHR (Indian Council for Historical Research) chairman Basudev Chatterji passed away in Guwahati, Assam.
  • He taught at St Stephen's College in Delhi, the University of Hyderabad besides supervising undergraduates at the University of Cambridge.
  • Chatterji had proposed for documenting histories both archival as well as non-archival materials such as church records, private letters of the Second World War period, oral histories, folktales, and folk songs.
Eminent rights activist Mehrunnisa Dalwai passes away
  • Eminent rights activist Mehrunnisa Dalwai (87-year) and the protagonist of a reformist movement 'Muslim Satyashodhak Mandal' passed away in Pune.
  • She worked for justice and equal rights for Muslim women and spearheaded a march in Mumbai seeking abolition of triple 'talaq'.
  • She also founded Islamic Research Institute and Maharashtra Talaq Mukti Morcha.
INTERNATIONAL AFFAIRS
One Million Dollar Fund Established for BRICS Media
  • The Brazil-Russia-India-China-South Africa (BRICS) grouping established a one million dollar fund for boosting media cooperation in the five-nation grouping.
  • The proposal is also aimed at the joint development of BRICS digital media, financial information services and promoting people- to-people contacts.
  • BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.
World Health Organisation revises Protocol for Antibiotics
  • The World Health Organization (WHO) revised the protocol for antibiotics.
  • This revision is the biggest such revision of the antibiotics section in the 40-year history of the Essential Medicines List (EML).
  • The World Health Organization (WHO) is a specialized agency of the United Nations that acts as a coordinating authority on international public health.
SCO Summit Begins in Astana
  • The summit of the Shanghai Cooperation Organization (SCO) is being held in Astana, Kazakhstan, June 8-9.
  • Chinese President Xi Jinping, Indian Prime Minister Narendra Modi, and Russian President Vladimir Putin will attend the summit among others.
  • In the course of the summit, India and Pakistan will be formally admitted into the SCO.
NATIONAL AFFAIRS
IIT-Delhi, IIT-Bombay, IISc among world’s top 200 universities
  • The Indian Institute of Technology (IIT)-Bombay has broken into the top 200 club in the latest edition of the ‘Quacquarelli Symonds (QS) World University Rankings’, to join IIT-Delhi and Indian Institute of Science (IISc), Bengaluru, in this group.
  • With this, India, for the first time, is home to three of the top 200 universities in the world.
  • According to the ‘QS World University Rankings 2018’, IIT-Bombay rank 179 this time.
  • IIT-Delhi has replaced IISc as the best ranked Indian institution in the world. So, while IIT-Delhi has risen from 185 rank to 172 this year, IISc slipped over 30 places from 152 to 190.
  • In the overall rankings, Massachusetts Institute of Technology (MIT) continues its run as the world’s best university for the sixth consecutive year.
Union Minister to inaugurate the second edition of National Health Editors Conference on Yoga in New Delhi
  • The second National Health Editors’ Conference on Yoga will be inaugurated by Minister of State for AYUSH (Independent Charge), Shri Shripad Yesso Naik at National Media Centre in New Delhi.
  • The theme of this year’s conference is “Yoga for Health and Harmony”.
  • The conference is being organized by Ministry of AYUSH in association with Press Information Bureau (PIB), M/o Information & Broadcasting and Central Council for Research in Yoga and Naturopathy (M/o AYUSH) as a part of celebrations of the 3rd International Day of Yoga.
India Signs OECD agreement to Check Tax Evasion by MNC
  • India signed the OECD (Organisation for Economic Co-operation and Development) multilateral convention that aims to check cross-border tax evasion by multinational companies.
  • Union Finance Minister Arun Jaitley signed the multilateral convention in Paris, France to implement tax treaty related measures to prevent base erosion and profit shifting.
  • The Multilateral Convention is an outcome of the OECD/G20 Project to ensure Base Erosion and Profit Shifting (BEPS) which is resorted to by Multi National Company's through tax planning strategies by exploiting gaps and mismatches in tax rules.
1st Indian Railways Human Resources Round Table Conference
  • Minister of Railways Shri Suresh Prabhakar Prabhu inaugurated Indian Railways' 1st HR Round Table Conference in New Delhi.
  • Chairman, Railway Board, Shri A. K. Mital, Member Staff Shri Pradeep Kumar, other Railway Board Members and senior officials were also present on the occasion.
  • Indian Railways is the biggest civilian employer in the country spanning the length and breadth of the sub-continent within strength of over 13 lakh employees.
  • The employees are spread over 10 departments in 17 Zones, 6 Production Units and 68 Divisions.
India and UNOSSC launch Partnership Fund to Promote Sustainable Development
  • India and the UN Office for South Cooperation have launched a partnership fund to promote sustainable development projects across the developing world.
  • The India-UN Development Partnership Fund was launched on occasion of the World Oceans Day at a special ceremony held at the Permanent Mission of India.
  • The United Nations Office for South-South Cooperation (UNOSSC) was established with an objective to promote, coordinate and support South-South and triangular cooperation across the world and within the United Nations system.
Civil Aviation Ministry to roll out ‘DigiYatra’ for Air Travellers
  • The Ministry of Civil Aviation is adding a digital experience for air travelers through DigiYatra platform.
  • The ‘DigiYatra’ is an industry-led initiative co-ordinated by the Ministry in line with Prime Minister Narendra Modi’s Digital India’s vision to transform the nation into a digitally empowered society.
  • The initiative will help passengers plan their trips efficiently by identifying price trends and estimate future airfares at the time of ticket booking.
  • Passengers will also get relevant information pertaining to various facilities, protocols, airline timings, queue lengths at airports.
SPORTS AFFAIRS
Ramkumar Ramanathan lifts ITF men’s Futures tennis title
  • India’s Ramkumar Ramanathan lifted the ITF (International Tennis Federation) men’s Futures tennis title after outplaying Raymond Sarmiento of the USA in straight sets in Singapore.
  • The top-seeded Indian beat the second seeded player 6-2, 6-2 in the final of the event. It was the first title of the season for Ramkumar. A regular in India’s Davis Cup team, Ramkumar had recently competed in the qualifying event of the French Open but failed to make it to the main round of the Grand Slam tournament.