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13th June 2018 Current Affairs-Bitwise

International:
United States decides to provide security guarantees to North Korea Current Affairs
  • The United States on 12th June decided to provide security guarantees to North Korea, in exchange of Pyongyang's firm and unwavering commitment to complete denuclearisation of the Korean Peninsula.
    This is according to the joint document which was signed by US President Donald Trump and North Korean leader Kim Jong Un following their historic maiden talks at Singapore's Sentosa island.
  • The document also said, both nations commit to establishing new relations in accordance with the desire of the people of the two countries for peace and prosperity.
  • Kim Jong Un said, they have decided to leave the past behind, and the world will see a major change. Before the delegation-level talks, both leaders met for a one-on-one meeting for about 45 minutes.
  • Earlier, Mr Donald Trump expressed hope that the summit would be tremendously successful. Kim Jong Un said, there were a number of obstacles to the meeting and they overcame all of them.
  • Donald Trump and Kim are the first leaders of their respective countries to meet, marking the culmination of months of diplomatic wrangling and negotiations.
  • The US President asserted that North Korea has already started destroying a missile engine testing site, and US is prepared to starting a new history with North Korea. Mr Donald Trump also thanked Singapore for hosting the summit.

International Conference on Information and Communication Technology (ICT) to be held in Kathmandu from June 17
  • An International Conference on Information and Communication Technology (ICT) will be held in Kathmandu, the capital of Nepal from June 17. The Theme of two day conference is “Sustainable Development Goals for Smart Society”.
  • The conference is organised by the Federation of Computer Association Nepal (CAN). According to organisers around 500 delegates, including ICT users, trainers, professionals, experts, and researchers from Japan, China, Korea, India and Nepal will attend the event.
  • The conference will provide a common platform to participants to exchange their knowledge and discover new insides. The conference aims to bring government and private sector together for developing a plan of action using sustainable ICT applications. It also seeks to unleash the prospects of SMART Nepal by 2030.

National:

Indian Medical Association (IMA) launches awareness drive on sexual health
  • The Indian Medical Association (IMA) has launched a nationwide movement to eradicate the social taboo associated with sexual health.
  • Dr. Ravi Wankhedkar, the IMA national president, stressed the importance of the initiative and said that sex still being a taboo, doctors across India needed to break all the barriers and clinical inertias.
  • This is the first-of-its-kind initiative launched by the IMA for over three-and-a-half lakh doctors to motivate them to dispel the taboo associated with this subject.
  • Education must be imparted at school to dispel the taboo associated with this subject. Increasing awareness among schools and colleges by various means will also be a part of this agenda.
  • The plan of action of this initiative is to hold pan-India educational programmes and also adopt schools and colleges to educate one and all -- students, teachers and parents -- by holding lectures, seminars, symposia, conferences and dialogues.
  • As a pilot project, a 12-month fellowship programme in clinical sexology has also been started for doctors who are MD and above and proposes to start similar courses for MBBS doctors with at least five years of experience.

Economy:

RBI needs more powers to oversee PSBs in view of bad loans: Governor Urjit Patel to parliamentary panel
  • The Reserve Bank of India (RBI) needs more powers to oversee public sector banks (PSBs), Governor Urjit Patel told a parliamentary panel amid mounting bad loans in state-run lenders.
  • The RBI governor, who appeared before the Parliamentary Standing Committee of Finance, faced tough questions from lawmakers on bad loans, bank frauds, cash crunch and other issues.
  • Regarding PSBs, he told the panel that the RBI has "inadequate" control over them. The governor asked for more powers to control the government-owned banks, said sources present at the meeting.
  • There are 21 state-owned banks, including State Bank of India. Their combined losses crossed a whopping Rs 87,300 crore in 2017-18 fiscal, topped by scam-tainted Punjab National Bank which took a hit of nearly Rs 12,283 crore.
  • Of the 21 state-owned banks, only two banks, Indian Bank and Vijaya Bank, posted profits during 2017-18. Indian Bank posted the highest profit of Rs 1,258.99 crore and Vijaya Bank's profit was Rs 727.02 crore in the fiscal.
  • Gross non-performing assets (NPA) of the entire banking sector stood at Rs 8.31 lakh crore at end-December 2017.
  • The RBI governor also answered queries regarding the USD 2 billion fraud allegedly committed by diamontaire Nirav Modi and his associates in the PNB. Patel said it was impossible to look after each and every branch of a bank in terms of an audit.
  • Some members of the committee, headed by senior Congress leader Veerappa Moily, sought to know about the reasons for recent instances of ATMs running out of cash and why enough steps were not taken to tackle banking frauds.
  • Patel told the panel that steps were being taken to strengthen the banking system. On an optimistic note, Patel informed the committee that after implementation of the Insolvency and Bankruptcy Code (IBC), the situation on the NPA front has been improving.

SEBI sets up panel to recommend ways to make stock market listing attractive for startups
  • Market regulator SEBI has set up a panel to recommend the ways to make stock market listing attractive for startups. The panel has to submit the report within a period of one month. SEBI also said the group has been formed after discussions with various stakeholders.
  • Members of the group include representatives from the Indian Software Product Industry Round Table (iSPIRT), The Indus Entrepreneurs (TIE), the Indian Private Equity and Venture Capital Association (IVCA), law firms, merchant bankers, and stock exchanges.
  • This move will open a new way for finance if entrepreneurs find it difficult to obtain capital from traditional sources of finance such as banks and financial institutions.

Sports:

Boxer Saweety Boora claims gold medal in middleweight category at Umakhanov Memorial Tournament
  • Indian woman boxer Saweety Boora claimed a gold medal in the middleweight category at the Umakhanov Memorial Tournament in Kaspiysk, Russia on 12th June.
  • She beat home favourite Anna Anfinogenova in the final to finish on top in the 75 kilogram category. Saweety was the only Indian among women to make it to the Final. She is also a former world championship silver-medallist.
  • Later in Men's section, Brijesh Yadav will play for Gold medal against Russia's Murad Rabadanov in the 81 kg category.
  • Another Indian boxer, Virender Kumar will also play for a gold medal in the 91 kg category when he takes on Sweden's Alexandr Mvalbale.
  • Among the men, world bronze-medallist Gaurav Bidhuri had finished with a bronze in 56 kg category after going down in the final.
  • Earlier, World youth champion Shashi Chopra in 57 kg division, former Commonwealth Games bronze-medallist Pinki Jangra in 51 kgs and Pavitra in 60 kgs had, lost their semifinal bouts to settle for Bronze medals.

Gavit Murali Kumar bags gold in men's 10,000 metre race at Gouden Spike meeting in Leiden
  • Young long distance runner Gavit Murali Kumar bagged gold in men's 10,000 metre race at the Gouden Spike meeting in Leiden, The Netherlands. The 21-year-old Kumar, hailing from Gujarat, clocked a personal best of 28 minutes 43.34 seconds.
  • It was the best by an Indian in the ongoing season. It was also the second fastest time by an Indian ever in the distance race, just short of long-distance coach Surendra Singh's national record of 28 minutes 02.89 seconds set at Vigo, Spain in 2008.
  • The Gouden Spike is one of the top meetings in The Netherlands. Its current European Athletics status is Outdoor Meetings with National Permit.
Published on 6/13/2018 4:36:00 PM