Current Affairs 14th June 2019 | Daily GK Update

Dear Aspirants,

The General Awareness Section plays an important role in scoring well above cut off marks in any competitive exam. The Banking Awareness and Static Awareness questions asked in the General Awareness Section are based on Current Affairs mainly. So you need to prepare well this section to score good marks. Here is the Daily GK Update to get you acquainted with the top events that made the headlines today!

1. Government Reduces the Rate of ESI Contribution from 6.5% to 4%

i. The government has reduced the total rate of the contribution made by workers and employers towards the Employees’ State Insurance (ESI) scheme from 6.5% to 4% for the first time in over two decades.
ii. At present, nearly 4.75% of a worker’s monthly salary goes towards ESI as the employer’s contribution and 1.75% of the income is the employee’s share at present. Now, 3.25% will be the employer’s share and 0.75% the employee’s.

2. Culture Minister inaugurates the exhibition ‘Astitva’

i. Shri Prahlad Singh Patel, Minister of State (I/C) of Culture & Tourism, GoI inaugurated the exhibition titled “Astitva: The Essence of Prabhakar Barwe”, at National Gallery of Modern Art, New Delhi.

3. Global Peace Index 2019: India Ranks 141st, Iceland Tops

i. India’s rank has slipped five places to 141 among 163 countries on the Global Peace Index 2019, while Iceland remains the most peaceful country and Afghanistan the least peaceful nation, as per the report by Australian think tank Institute for Economics & Peace.
ii. In South Asia, Bhutan topped the index with 15th rank, followed by Sri Lanka 72, Nepal 76 and Bangladesh 101. The neighboring country Pakistan has been ranked 153rd on the index.

4. World’s Highest Weather Stations Installed Atop Mount Everest

i. A team of Tribhuvan University and National Geographic Society scientists and researchers have installed the world’s highest, fully automated weather stations atop Mount Everest.
ii. Total five weather stations, including one at a record height of 27,657 feet, were installed on the Earth’s highest mountain above sea level. 

5. Rating agencies will now have to disclose the probability of defaults : Sebi

i. According to the Sebi circular, rating companies will now create a uniform probability of default benchmark for each rating category on their website, for one-year, two-year and three-year cumulative default rates, both for the short term and long term.
ii. Rating agencies also have to disclose factors that could potentially impact the rating of the instruments and it also include an assessment of financials.

Static/Current Takeaways Important For LIC AAO/ADO Mains 2019:

• SEBI Headquarter: Mumbai, Chairperson: Ajay Tyagi

6. RBI to infuse Rs 12,500 crore into the financial system through bond purchase

i. The Reserve Bank of India will infuse Rs 12,500 crore into the financial system through bond purchases under the Open Market Operation (OMO).
ii. The RBI uses open market operations (OMO) for injecting liquidity into the system through the purchase of government bonds (G-Sec).

Static/Current Takeaways Important For LIC AAO/ADO Mains 2019:

• RBI 25th Governor: Shaktikant Das, Headquarters: Mumbai
• Founded: 1 April 1935, Kolkata.

7. Four Indian movies selected to be screened at South Korea’s Film Festival 2019

i. Among 288 movies from over 29 countries, four Indian movies to be screened at the Bucheon International Fantastic Film Festival 2019.
ii. The Bollywood movies which will be screened include Gully Boy, Andhadhun and Manikarnika: The Queen of Jhansi and one Tamil movie which will be screened is Super Deluxe.

Static/Current Takeaways Important For LIC AAO/ADO Mains 2019:

• South Korea Capital- Seoul, Currency-South Korean won

i. Social networking giant Facebook has picked up a minority stake in social-commerce company Meesho in its first startup investment in the country.
ii. Bengaluru-based startup connects re-sellers to manufacturers to sell goods via social media platforms.

Static/Current Takeaways Important For LIC AAO/ADO Mains 2019:

• Facebook Headquarters: California, US, CEO: Mark Zuckerberg

9. IAAF To Be Renamed World Athletics

i. The IAAF Council approved the global governing body’s new name and logo at the 217th IAAF Council Meeting in Monaco.
ii. The athletics body’s new name, ‘World Athletics’, builds upon the organization’s restructuring and governance reform agenda of the past four years to represent a modern, more creative and positive face for the sport.

10. World Blood Donor Day: 14th June

i. World Blood Donor Day celebrated by World Health Organization on 14th June. The host country for World Blood Donor Day 2019 is Rwanda.
ii. The event serves to thank voluntary, unpaid blood donors for their life-saving gifts of blood and also to raise awareness of the need for regular blood donations to ensure that all individuals and communities have access to affordable and timely supplies of safe and quality-assured blood and blood products.

Static/Current Takeaways Important For LIC AAO/ADO Mains 2019:

• Rwanda Capital- Kigali, Currency- Rwandan franc
• WHO Headquarters: Geneva, Switzerland, Director general: Tedros Adhanom

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