Current Affairs June, 2017

The GST Council headed by Union Finance Minister Arun Jaitley comprising of state finance ministers as members have decided to set up a five-member anti-profiteering authority to decide on levying the penalty if businesses do not pass on the benefit of price reduction to consumers under GST regime. The GST Council has also approved the anti-profiteering rules.

Bihar Governor Ram Nath Kovind has been chosen by the National Democratic Alliance as its Presidential Candidate.

ISRO’s Mars Orbiter Mission (MOM) completes 1000 earth days in orbit. The orbiter has outlived its lifespan which is more than 5 times the number of days the orbiter was designated to last in orbit.

• India-Afghanistan Air freight Corridor to Open Up Soon
• Black Money: Automatic Information Sharing with Switzerland from 2019
• China to send Mini-Ecosystems to the Moon

China is planning to send mini-ecosystems comprising of potato seeds and silkworm eggs to the Moon by next year. The move is aimed at studying how the organisms develop in Moon.

Mission officials for NASA’s James Webb Space Telescope (JWST) have announced the initial science targets for the James Webb Space Telescope.

External Affairs Minister Sushma Swaraj has inaugurated Know India Programme (KIP) for NRI and PIO youth with a view to provide them with an exposure to the country of their origin so that they can understand India better and more closely.

India and Afghanistan are set to operationalize their first air-freight corridor in the coming days.

Prime Minister Narendra Modi has inaugurated Kochi Metro, which will be Kerala’s first metro line.

The World’s largest festival of light, music and ideas, Vivid Sydney has entered into Guinness World Book of Records.

Switzerland has ratified automatic exchange of financial account information with India and 40 other countries. This will facilitate Switzerland to share information about suspected black money with India and other 40 nations.

• India re-elected to ECOSOC
• Government makes Aadhaar Mandatory for Opening Bank Accounts
• RBI: India’s Current Account Deficit narrowed in 2016-17