Sher Bahadur Deuba elected as 40th Prime Minister of Nepal

Sher Bahadur Deuba,70, has been elected as Nepal’s Prime Minister for the fourth time. He was the only candidate who contested in the election as the main opposition party UML decided to end the obstruction of parliament and did not register its candidates for the election. Deuba managed to secure 388 votes in the 593 strong Parliament in order to prove his majority. Deuba has served as Nepal’s prime minister for three terms from 1995 to 1997, from 2001 to 2002, and from 2004 to 2005. In 2005, during his third term he was sacked by the then King Gyanendra Shah in 2005 over his failure to hold elections and bring Maoist rebels to negotiations.

Sachin to become part of the UN Campaign Highlighting Role of Father’s in Child’s Development

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. The initiative is aimed at celebrating fatherhood and highlights the importance of

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Daily Current Affairs 1 June 2017: Your guide for daily General Knowledge Preparation

Dear Readers,
This article, Daily Current Affairs 1 June 2017, includes all Major National, International, Business, and Sports events. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through this article, that is, Daily Current Affairs 1 June 2017, we would recommend to you to try 1 June 2017 Current affairs test.

Important Days and Dates
World Milk Day: June-1
Every year June 1 is observed as World Milk Day. This Day provides an opportunity to focus attention on milk and to publicise activities connected with milk and the dairy industry.World Milk Day is established by the Food and Agriculture Organization
Theme of 2017 World Milk Day – “Raise a Glass”

National News
1. Ramachandra Guha quits as BCCI administrator.

• Ramachandra Guha has resigned from BCCI’s four-member Committee of Administrators.
• The Committee of Administrators was appointed by the Supreme Court to implement the Lodha panel recommendations on the Board of Control for Cricket in India.
• Guha has quit citing personal reasons.
• Ramachandra Guha is an Indian historian and writer whose research interests include environmental, social, political and cricket history.

2. Telangana govt launches T-Wallet.

• Telangana Government has launched a digital wallet, named T-Wallet.
• Telangana became the first state in the country to launch official e-wallet.
• T Wallet app will use two-factor authentication either Aadhaar+OTP or Aadhaar+Biometric.
• Transaction Analysts has partnered with Telangana to develop T-Wallet while Vijaya Bank will act as the banking partner.

3. Railways introduces Buy Now, Pay Later service.

• The Indian Railways has introduced ‘Buy Now, Pay Later’ service for passengersto make payment for tickets booked online within a window of 15 days.
• The facility is available for confirmed, waitlisted and RAC births.
• Those opting for it will have to pay 3.5 percent plus taxes extra for the service.
• Mumbai based fintech firm ePayLater has joined hands with IRCTC for adding the new feature to Indian Railways ticket booking services.
• Suresh Prabhu – Minister of Railways

4. Researchers develop new technology to manufacture biofuel.

• Researchers at IIT Kharagpur have developed a new technology which will change the way biofuel is manufactured.
• The ‘soil-to-soil’ manufacturing technology will make the process cheaper, quicker and pollution-free.
• It will make use of natural resources to extract gaseous and liquid biofuel and then converts the wastes into bio fertilizer.
• The project is funded by the Ministry of Petroleum and Natural Gas, Department of Science and Technology and the Ministry of Human Resource Development.

 
International News
1. Iceland rated world’s most peaceful country.

• Iceland is followed by New Zealand and Portugal, while Syria has been named the least peaceful country.
• India is ranked at 137th position.
• According to the study, 93 countries have improved their ranking while ranking of 68 countries have deteriorated as compared to last year.

2. Miroslav Lajcak to be next president of UNGA.

• United Nations General Assembly has picked Miroslav Lajcak to be its next president.
• He will succeed Peter Thomson, in September and chair the assembly’s 72nd session.
• He is a Slovak diplomat and currently the Minister of Foreign Affairs.
• He was in charge of organizing a referendum on the independence of Montenegro from Yugoslavia in 2006.
• Headquarters of UNGA – New York, United States

Business News
1. ADB and PNB sign $100 million loan.

• Asian Development Bank and Punjab National Bank has signed a $100 million loan which will be guaranteed by the Government of India.
• The loan will be used to finance large solar rooftop systems on industrial and commercial buildings throughout India.
• This is the first tranche loan of the $500 million multi tranche finance facility Solar Rooftop Investment Program (SRIP) approved by ADB in 2016.
• This will contribute to the climate change goal of reducing greenhouse gas emissions by about 11 million tons of carbon dioxide equivalent over the typical 25-year lifetime of rooftop solar systems.
• CEO of PNB – Sunil Mehta
• President of ADB – Takehiko Nakao

2. India to have its own Mobile World Congress.

• India for the first time will have its own mobile mega show ‘India Mobile Congress’ from September 27-29.
• The event will be held at Pragati Maidan, New Delhi.
• The conference at the upcoming event will have special emphasis on topics like Internet governance, 5G, sustainable Wi-Fi, smart cities and smart governance and Internet of Things
• Indian telecom market is the second-largest in the world after China and has a total subscriber base of over 1.18 billion.
• It will be organised by Cellular Operators’ Association of India (COAI) with support from the Department of Telecommunications and Ministry of Electronics and Information Technology

Sports News
1. Manchester United named most valuable football club.

• According to the latest KPMG Football Clubs’ Valuation report,Manchester United have been revealed as the most valuable football club in Europe.
• According to KPMG the club has an enterprise value of €3 billion.
• Manchester United have overtaken Real Madrid to become Europe’s most valuable club while Barcelona is ranked third.
• Manchester United finished sixth on the Premier League.

2. Afghanistan cancels all cricketing ties with Pakistan.

• Afghanistan Cricket Board has cancelled its scheduled T20 series with Pakistan.
• This comes after suicide blast in Kabul’s diplomatic district where at least 90 people were killed and 400 were wounded.
• Afghanistan’s intelligence agency has blamed Pakistan and the Taliban-linked Haqqani network for the attack.

Daily Current Affairs 2 June 2017: Your guide for daily General Knowledge Preparation

Dear Readers,
This article, Daily Current Affairs 2 June 2017, includes all Major National, International, Business, and Sports events. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through this article, that is, Daily Current Affairs 2 June 2017, we would recommend to you to try 2 June 2017 Current affairs test.

National News
1. India and Russia ink nuclear plant pact.

• India and Russia have signed agreement on setting up two more units of a nuclear power plant in Tamil Nadu.
• The reactors will be built by Nuclear Power Corporation of India and Russia’s Atomstroyexport.
• It will cost about Rs 50,000 crore, half of it being funded by Russia as loan.
• The two countries also decided to hold the first tri-Services exercises, named ‘Indra-2017,’ this year.
• President of Russia – Vladimir Putin

2. Prithvi-II successfully test-fired.

• India successfully test-fired it’s indigenously developed nuclear capable Prithvi-II missile from a test range in Odisha.
• The Prithvi-II missile is capable of carrying 500 kg to 1,000 kg of warheads and is thrusted by liquid propulsion twin engines.
• It a surface-to-surface medium range ballistic missile and has a strike range of 350 km.
• It is a joint initiative of Defence Research and Development Organisation and Bharat Dynamics Limited.

 
3. Odisha’s first mega food park opens.

• Harsimrat Kaur Badal, Minister of Food Processing Industries inaugurated first Mega Food Park in the state of Odisha.
• This is the 7th Mega Food Park operationalized in the last 3 years by the government.
• Government of India has provided a financial assistance of Rs. 50 Crore to the project.
• The Food Park will leverage an additional investment of about Rs. 250 crore in 25-30 food processing units in the park and generate a turnover of about Rs. 450-500 Crore annually.
• Chief Minister of Odisha – Naveen Patnaik.

4. Indian film Ralang Road to compete for top spot at Karlovy Vary Film Festival.

• Ralang Road will represent India at the 52nd Karlovy Vary International Film Festival at Karlovy Vary.
• Ralang Road has been nominated for the Crystal Globe Award along with 11 other films from around the world.
• It has been directed by Karma Takapa and produced by HumanTrail Pictures.
• It will be after 13 years that an Indian film will compete with other international films at this film festival.

International News 
1. Japan launches satellite to improve GPS.

• Japan has launched a new satellite to improve the global positioning system’s accuracy and establish an efficient communication system in the event of natural disasters.
• Michibiki 2 is Japan’s second Quasi-Zenith satellite.
• The first Michibiki satellite was launched in September 2010. JAXA plans to launch two more by March 2018.
• The Japan Aerospace Exploration Agency and Mitsubishi Heavy Industries launched the latest version of the H-IIA rocket with the Michibiki 2 communications satellite.
• Space Agency of Japan – Japan Aerospace Exploration Agency (JAXA) 

2. China becomes fastest growing economy.

• China overtook India as World’s fastest growing economy.
• India’s GDP growth slowed to 6.1% in the fourth quarter while China recorded a growth rate of 6.9%.
• The GDP growth for the year also fell from 8% to 7.1%.
• In terms of annual GDP growth, India remains the fastest growing major economy in the world.
• Chinese central bank – People’s Bank of China

3. Trump pulls US out of Paris Climate Accord

• US president Trump announced that the United States would withdraw from the Paris climate accord.
• Trump said that the Paris agreement gives undue advantage to India and China, the world’s leading polluters.
• 195 countries have signed this agreement. By pulling out of the deal US will join Syria and Nicaragua as nations who are not part of the deal.
• Paris Climate Accord is an agreement within the United Nations Framework Convention on Climate Change that deals with greenhouse gas emissions mitigation, adaptation and finance starting in the year 2020.
• The objective of this agreement is to limit the global average temperature to below 2 °C above pre-industrial levels. 

Business News
1. Airtel-Telenor merger gets Regulatory approval.

• Bharti Airtel has received the merger approval between Airtel and Telenor Communications from SEBI, BSE and NSE.
• The Telenor will give Bharti Airtel additional spectrum in 1,800 MHz band besides a foothold in seven circles.
• Airtel in February announced to buy Telenor’s India operations.
• The deal was estimated to be in the range of Rs. 1,800-Rs. 2,000 crores.
• CEO of Bharti Airtel – Gopal Vittal
• CEO of Telenor India – Sharad Mehrotra

Sports News
1. West Indies cricket team officially renamed.

• The West Indies Cricket Board have officially changed their name to Cricket West Indies.
• While West Indies cricket team has been officially renamed as WINDIES.
• Carlos Brathwaite is captain of the West Indies Twenty20 International team while Jason Holder is the captain of the West Indies Test and One Day International team.