Daily Current Affairs 1 June 2018: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 1 June 2018. It includes all Major National, International, Business and Sports related current affairs of 1 June 2018. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 1 June 2018 Current affairs test.

National News

1. Teams to study VVPAT failure

  • The EC dispatched 2 teams to study reasons behind high cases of VVPAT failure.
  • The team should cite the general conditions under which VVPATs were operated in the polling booths.

2. LPG rates hiked

  • This is the 1st time LPG rates are hiked in 2018.
  • The prices are hiked by Rs.2.34 for subsidized and Rs.48 for non-subsidized cylinders.

3. Congress, JD(S) to jointly fight polls

  • The parties will form a pre-poll alliance to contest the 2019 Lok Sabha polls.
  • Congress MP KC Venugopal made this announcement.

International News

1. PM Modi launches BHIM, RuPay in Singapore

  • Modi launched SBI mobile applications in Singapore at a business event.
  • RuPay was linked with NETS which allows users to make online purchases using RuPay’s point of sale terminals.

2. Canada announces tariffs on US

  • This comes after US imposed tariffs on Canada.
  • PM Justin Trudeau said that the tariffs will come into effect from July 1.

3. Uganda imposes social media tax

  • The bill will impose a daily fee of 200 shillings for using platforms like Facebook, Whatsapp, Twitter.
  • This is taken up to stop gossips which cost the country time and income.

Business News

1. Government meet fiscal deficit target for 2017-18

  • The govt has met the fiscal deficit target of 3.53% which is revised from 3.2%.
  • The revenue deficit was Rs.4.43 tn which is 101% of budget estimate.

2. CoinTribe raises $10 mn

  • The online lending startup has raised the fund from Sabre Partners.
  • It connects industries to potential lenders.

3. Nokia sells digital health unit

  • Nokia has sold its digital health unit and 200 employees to Withings.
  • The digital health unit was acquired by Nokia in 2016 for $200 mn.

Sports News

1. Vikas Gowda announces retirement

  • CWG 2014 and Asian Championships 2013 and 2015 gold medal winner announced retirement from the sport. < li>
  • This comes 2 months ahead of Asian games 2018. /li>

2. Rani Rampal returns to India squad

  • The Indian team will play a 5-match series against the Spanish team.
  • The team will play World Cup in July in London.

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