Daily Current Affairs Today 5 June 2017

GK Current Affairs Fact Updates June 2017
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Daily Current Affairs 5 June 2017: Your guide for daily General Knowledge Preparation

Dear Readers,
This article, Daily Current Affairs 5 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 5 June 2017, we would recommend to you to try 5 June 2017 Current affairs test.

Important Days and Dates
World Environment Day: June-5
Every year June 5 is observed as World Environment Day. This Day provides an opportunity to encourage worldwide awareness and action for the protection of our environment. It has been a flagship campaign for raising awareness on emerging environmental issues from marine pollution, human overpopulation, and global warming, to sustainable consumption and wildlife crime.
Theme of 2017 World Environment Day – “Connecting People to Nature”
Host Country of 2017 World Environment Day – Canada

National News
1. ISRO successfully launches India’s heaviest rocket.

  • Indian Space Research Organisation launched India’s heaviest rocket – Geosynchronous Satellite Launch Vehicle-Mark III along with a communications satellite GSAT-19.
  • The Fat Boy satellite is 43.43 metres in height and 4 metre round. It has a lift off mass of 640 tonnes, equal to the weight of 200 elephants.
  • The rocket’s main and bigger cryogenic engine has been developed by space scientists indigenously.
  • It will help India reduce dependency on international launching vehicles.
  • It has been developed at a cost of Rs. 300 crore.

2. Vizianagaram bags MGNREGA National Award.

  • Ministry of Rural Development has selected Vizianagaram across the nation for the MGNREGA annual award for effective implementation of the Mahatma Gandhi National Rural Employment Guarantee Act during 2015-16.
  • Vizianagaram generated works for 3,61,668 households in 2015-16 and disbursed Rs. 483.42 crore as wages with an average of Rs. 106.
  • Using MGNREGA convergence grants, 154 fish- breeding units and an equal number of vegetable pandals were taken up.
  • Vizianagaram is in Andhra Pradesh.
  • Full Form of MGNREGA – Mahatma Gandhi National Rural Employment Guarantee Act.

3. E-taxi service launched in Hyderabad.

  • An e-taxi service was launched in Hyderabad to mark the World Environment Day.
  • The taxis will operate from different parts of the city to Rajiv Gandhi International Airport.
  • The e-taxis have been launched by Green Mile.
  • 5 e-taxis have been launched on a pilot basis while within next one month 25 e-taxis will be deployed.
  • One diesel taxi emits exhaust fumes equivalent of 25 private diesel cars while electric vehicles emit zero tailpipe emissions.

4. India’s first bicycle sharing scheme ‘Trin Trin’.

  • City of Mysuru got India’s first bicycle sharing scheme which was launched by Chief Minister Siddharamaiah.
  • The PBS system will have 450 bicycles and 48 docking stations at major tourist destinations, universities and offices.
  • ‘Trin Trin’ in Mysuru is being implemented and operated by Green Wheel Ride.
  • The project is run by the State government and was funded by the World Bank under its Global Environment Facility grant.
  • The total project cost is Rs. 20 crore.

International News
1. India tops global retail index.

  • India has surpassed China to secure the top position among 30 developing countries on ease of doing business in retail sector.
  • China stood at 2nd position.
  • This is the 16th edition of the Global Retail Development Index.
  • India’s retail sector is projected to grow 30 per cent annually and reach USD 48 billion by 2020.
  • Rapid urbanization and a growing middle class with higher income levels is driving up consumption across the country. Efforts to boost cashless payments and GST are also expected to accelerate adoption of formal retail.

2. Arab states break ties with Qatar.

  • Saudi Arabia, Bahrain, Egypt and the United Arab Emirates broke off relations with Qatar.
  • The countries have accused Qatar of supporting terrorism and destabilizing the region.
  • Qatar has been ejected from the Saudi-led coalition.
  • Qatari citizens have been told they have 14 days to leave Saudi Arabia, Bahrain and the UAE, and those countries also banned their own citizens from entering Qatar.
  • About 80 percent of Qatar’s food requirements are sourced via bigger Gulf Arab neighbours.

Business News
1. RBI initiates prompt corrective action.

  • Reserve Bank of India has initiated Prompt Corrective Action for Dena Bank In view of high non-performing assets and negative return on assets.
  • Earlier similar action was initiated against UCO Bank, IDBI Bank, and Indian Overseas Bank.
  • The action will contribute to improve the internal controls of the bank and improvement in its activities.
  • CEO of Dena Bank – Shri. Ashwani Kumar

Daily Current Affairs 5 june 2017

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