June 7th National & International Current Affairs

1. As per first periodic labour force survey (PLFS) what is unemployment rate of India?

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The country’s unemployment rate was 6.1%, data from the country’s first periodic labour force survey (PLFS) for July 2017-June 2018 showed The last “unemployment-employment survey” was carried out in July 2011-June 2012, according to which the all-India unemployment rate was 2.7%. But that was based on an expenditure survey. According to PLFS, the country’s labour force participation rate stood at 36.9% in 2017-18. It was 39.5% in 2011-12. The report also points that India’s quarterly GDP growth slumped to five-year low of 5.83% in the last quarter of Financial Year 2019. India’s GDP grew at 5.8% in the January-¬March 2019 quarter, dragging down the full year growth to a fiveyear low of 6.8% Note: Considering the importance of availability of labour force data at more frequent time intervals (say, for every quarter), on the recommendation of the National Statistical Commission (NSC), the Ministry of Statistics and Programme Implementation (MoS&PI) constituted a Committee on Periodic Labour Force Survey (PLFS) under the Chairpersonship of Prof. Amitabh Kundu, then Member, NSC to develop the survey methodology including the sample design for generating monthly/quarterly labour market data

2. Recently who among the following has been elected as international member of American Philosophical Society (APS)?

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Eminent historian and writer Romila Thapar has been elected as international member of American Philosophical Society (APS) at its Annual Spring Meeting.

3. Which state government has launched India’s first Emission Trading Scheme?

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Gujarat has launched India’s first Emission Trading Scheme to combat particulate air pollution. The programme is a market-based system where the government sets a cap on emissions and allows industries to buy and sell permits to stay below the cap.

4. Directorate of Enforcement (ED) works under:

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Directorate of Enforcement is a multi-disciplinary Organization mandated with the task of enforcing the provisions of two special fiscal laws – Foreign Exchange Management Act, 1999 (FEMA) and Prevention of Money Laundering Act, 2002 (PMLA). It works under Ministry of Finance.

5. Global Entrepreneurship Summit (GES) 2019 will be held in:

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The ninth edition of the Global Entrepreneurship Summit is all set to roll out in The Hague. Note: Global Entrepreneurship Summit (GES) 2019 is being hosted by the governments of the United States of America and the Kingdom of the Netherlands, and is the first edition of the event to be held in the European Union.

6. Which of the following created Ganga Praharis?

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Ganga Praharis are cadre of self-motivated volunteers from the local communities. Ganga Praharis have been created by Wild Life Institute of India. These Praharis are working for biodiversity conservation and cleanliness of the Ganga River

7. Who among the following has been chosen for 2019 Global Leadership Award from USBC?

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The Federal Authority for Identity and Citizenship of the United Arab Emirates announced that it had issued its first gold residence card to Indian business leader Yusuff Ali MA, the chairman of LuLu Group International. In United States, Google's India-born CEO Sundar Pichai and Nasdaq president Adena Friedman have been chosen for the prestigious Global Leadership Awards 2019 by business advocacy group USIBC in recognition of the two companies' contribution as the leading technology-driven platforms. The award by Washington-based US-India Business Council (USIBC) would be conferred upon Indian-American Pichai, and Friedman during the next week's 'India Ideas Summit'.

8. Who among the following is the head of the committee setup by RBI to review ATM charges?

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The Reserve Bank of India will set up a committee to review ATM charges and fees — a move that could impact the charges paid by customers of other banks to use the facility. The committee, which will include all stakeholders, will be headed by VG Kannan, Chief Executive Officer, Indian Banks’ Association. It will submit its recommendations within two months of its first meeting.

9. Prayuth Chan-ocha has been elected as Prime minister of:

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Thailand Parliament elected Prayuth Chan-ocha as the Prime Minister of the country.

10. In which country St. Petersburg International Economic Forum was held?

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The St. Petersburg International Economic Forum is an annual Russian business event for the economic sector, which has been held in St. Petersburg since 1997 Theme for SPIEF 2019: Creating a Sustainable Development Agenda

11. Who among the following won Amnesty International’s Ambassador of Conscience Award?

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Greta Thunberg and her “Fridays for Future” global movement won Amnesty International’s Ambassador of Conscience Award, , joining the likes of South African leader Nelson Mandela and Nobel Peace Prize laureate Malala Yousafzai. About Amnesty International: Amnesty International is a London-based non-governmental organization focused on human rights. Headquarters of Amnesty International is located in London

12. In which year SEBI was established?

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The Securities and Exchange Board of India is the regulator for the securities market in India. It was established in 1988 and given statutory powers in 1992 through the SEBI Act, 1992 SEBI has its headquarters in Mumbai

13. What is current Cash Reserve Ratio (CRR)?

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The Reserve bank of India (RBI) in its bi-monthly monetary policy review reduced repo rate by 25 basis points to 5.75% from current 6.0% with immediate effect. This is RBI’s third cut this year and has reduced Repo rate at lowest since 2010. With Repo Rate adjusted to 5.75%, consequently Reverse Repo Rate under Liquid Adjustment Facility (LAF) stands adjusted to 5.5% and Marginal Standing Facility (MSF) rate and the Bank Rate to 6.0%. Cash reserve ratio (CRR) unchanged at 4%; Retail inflation forecast raised marginally to 3% -3.1% for first half (H1) of 2019-20) and 3.4% -3.7% for second half (H2) RBI lowered Gross Domestic Product (GDP) growth forecast for financial year 2019-20 to 7% from 7.2% in April Monetary Policy. This is in range of 6.4% to 6.7% for first half (H1) of 2019-20 and 7.2-7.5% for second half (H2) with risks evenly balanced. This lowered forecast was taking into account current weak global demand due to escalation in trade wars and weakened private consumption in rural areas.

14. Recently who among the following the inaugural George H. W. Bush Award?

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Jimmy Carter, Ex-President of United States of America (USA) won the inaugural George H. W. Bush Award for Statesmanship in recognition of his contributions to relations between U.S. and China.

15. Recently which of the following has been named the 'World's Most Punctual Airline'?

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SriLankan Airlines, the flag carrier of the island nation, has been named the 'World's Most Punctual Airline' for the second consecutive time with over 90 per cent of its flights in May being "on time"

June 7th National & International Current Affairs
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