Sunil Mehta Committee to set up Asset Reconstruction Company
• Finance Minister Piyush Goyal announced setting up of a committee to give recommendations on formation of an Asset Reconstruction Company.
• The committee will give recommendations in two weeks for faster resolution of stressed accounts.
• The committee was formed under Chairmanship of Sunil Mehta, non-executive chairman of Punjab National Bank.
1st Indian-made artillery gun Dhanush clears final test
• India’s first indigenous artillery gun ‘Dhanush’ cleared its final test and is ready to be inducted into the Indian Army.
• Earlier this month, fifty rounds of shells each were fired from six Dhanush guns.
• These guns are reportedly called ‘desi Bofors’.
Government sets up T.C.A. Anant panel to bring transparency in jobs data
• The union government has set up a committee headed by former chief statistician of India TCA Anant to bring in transparency in the jobs data calculation and presentation.
• The labour bureau conducts two major surveys on employment scenario—Annual Employment-Unemployment Survey and Quarterly Employment Survey.
• The Annual Employment Unemployment Survey was later replaced by Periodic Labour Force Survey (PLFS) being conducted by ministry of statistics and programme implementation (MoSPI).
• The PLFS would not only have annual data on employment-unemployment on rural sector but will also have quarterly data on employment-unemployment on urban sector based on larger sample size.
• The technical panel will therefore, look into the above aspects and submit its report at the earliest.
UNSC elects 5 non-permanent members for two-year term
• The United Nations General Assembly voted to elect Germany, Belgium, South Africa, the Dominican Republic and Indonesia for a two-year term in the Security Council with effect from January 1, 2019.
• The council makes legally binding decisions and has the power to impose sanctions and authorise the use of force.
• The General Assembly elects five new members every year.
Gujarat tops e-way bill collection
• Despite industries such as textiles and ceramics, among others facing teething problems, Gujarat has emerged as the leading state in generating e-way bills during April, May and the first week of June.
• The state has generated over 10.72 million inter- and intra-state e-way bills, followed by Maharashtra (8.13 million), Karnataka (8.05 million), Uttar Pradesh (7.64 million) and Haryana (7.63 million), respectively.
• Rolled out on April 1, the e-way bill system under the new Goods and Services Tax (GST) regime requires businesses and transporters moving goods worth more than Rs 50,000 from one state to another to generate and produce an e-way bill.
• For the period of April, May and first week of June, Gujarat recorded a collection of 4.9 million, 5.2 million, and 573,453 e-way bills, respectively.
US government clears sale of six AH-64E Apache attack helicopters to India for $ 930M
• US government has approved a deal to sell the Indian military six AH-64E Apache attack helicopters for 930 million dollars.
• The agreement has been passed to the US Congress for approval and if no US lawmaker raises an objection, the contract will go ahead.
• Boeing and Indian partner Tata have begun to produce Apache fuselages at a plant in India, but the recent approval concerns a direct sale of finished products from the US manufacturers.
• In addition to aircraft, the contract includes night vision sensors, GPS guidance and hundreds of Hellfire anti-armour and Stinger air-to-air missiles.
Milky Way disc much bigger than thought
• Scientists recently discovered that it will take us 200000 years to cross the Milky Way disc, even if we travel at the speed of light.
• Spiral galaxies, such as the Milky Way, have discs which are really thin.
• These discs are limited in sizeso that beyond certain radius, there are very few stars left.
Yuki back in 80s, Prajnesh touches career-best rank of 169
• Top-ranked Indian singles tennis player Yuki Bhambri Monday jumped nine places to 84 while Prajnesh Gunneswaran touched a career-best rank of 169 after climbing 14 spots on the ranking ladder.
• Yuki had crashed out in the first round of the French Open but made quarterfinals at the Surbiton Challenger to gain 30 points from the two events.
• The left-handed Prajnesh, who missed out on playing his maiden Grand Slam at Roland Garros, has had a good first half of the season, winning his maiden singles Challenger trophy apart from an ITF Futures title.
• The 28-year-old has also qualified for his maiden ATP World Tour event in Stuttgart.
• In the doubles, Rohan Bopanna was the top-ranked Indian at number 22, followed by Divij Sharan at 43, Leander Paes at 59 and Purav Raja at 77.
• In the WTA rankings, Ankita Raina continued to be India’s number one player at 203, followed by Karman Kaur Thandi, Pranjala Yadlapalli at 393 and Rutuja Bhosale at 403.
J P Nadda inaugurates 10th Meeting of Global Alliance to Eliminate Lymphatic Filariasis
• J P Nadda, Union Minister of Health and Family Welfare, inaugurated the 10th meeting of Global Alliance to Eliminate Lymphatic Filariasis (GAELF) on June 13, 2018.
• Nadda said that India as a Global leader is committed to eliminate Lymphatic Filariasis (LF) transmission and disease burden so that future generations are free from Lymphatic Filariasis.
• The Minister also released the Accelerated Plan for Elimination of Lymphatic Filariasis (LF) 2018 for India.
• Lymphatic Filariasis (LF) or commonly known as Elephantiasis is one of the oldest and most debilitating neglected disease, which is currently endemic in 73 countries of the world, including India.
• LF disease is caused mainly by Wuchereria Bancrofti and spread by Culex mosquito. This mosquito grows in dirty accumulated water.
United States, Mexico and Canada win right to host 2026 World Cup
• The United States, Mexico and Canada won the right to host the 2026 World Cup after beating Morocco in a vote by FIFA member nations in Moscow.
• The North American bid received 134 of the 203 votes, while Morocco polled 65 in the ballot at a FIFA Congress held in Moscow.
• Football's World Cup event will return to the North American continent for the first time since 1994 when the United States hosted the tournament.