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Daily Current affairs - June 14th, 2017 for all competitive exams

Monsoon session likely to begin on July 12
The month-long Monsoon session of Parliament is likely to commence from July 12. 
  • As per one of the proposals before the Cabinet Committee on Parliamentary Affairs (CCPA), the session will begin from July 12 and conclude on August 11. 
  • The final call on the dates will be taken by the committee, headed by Union Home minister Rajnath Singh, after June 20.


India ratifies two key ILO conventions on child labour
India has ratified two key ILO conventions on child labour concerning the elimination of child labour, the Minimum Age Convention (No 138) and the Worst Forms of Child Labour Convention (No 182).
  • India is the 170th ILO member state to ratify convention No 138 and 181st member to ratify convention No. 182.
  • The Convention concerning Minimum Age for Admission to Employment, is a Convention adopted in 1973 by the International Labour Organization.
  • India is a founder member of the International Labour Organization (ILO), which came into existence in 1919.


India has second highest number of obese children in world: Study
India has the second highest number of obese children in the world after China, according to an alarming study which found that 14.4 million kids in the country have excess weight.
  • Among the 20 most populous countries, the highest level of obesity among kids and young adults was in the US at nearly 13%; Egypt topped the list for adult obesity at about 35%. Lowest rates were in Bangladesh and Vietnam, respectively, at 1%.


Army’s Super-40 initiative by Army:
Army’s super-40 is a coaching initiative by the Army that has been training local children to take Engineering Entrance Examination.
  • The coaching is conducted at Srinagar by Army, its training partner Centre for Social Responsibility & Learning (CSRL) and Petronet LNG.


CSIR inks deal with Ethiopian institute
The Council of Scientific and Industrial Research (CSIR) has signed a $7 million (Rs. 45 crore approx.) agreement with the Metal Industries Development Institute (MIDI), Ethiopia. 
  • According to CSIR sources, this is the largest, international deal it has ever signed.
  • This is a three-year contract and personnel from both organisations are expected to begin technical collaboration from next month.


India to be Co-Partner Country in ANUGA 2017
India has signed the Memorandum of Understanding for Participation in the ANUGA Exhibition with Ms Katharina C Hamma, Chief Operating Officer, Koelnmesse GmBH (Organizers of ANUGA).
  • ANUGA – an acronym for Allgemeine Nahrungs Und Genußmittel Ausstellung (General Food and Non- essential Provisions Exhibition) is the world’s biggest and most important trade fair for Food and beverage trade. It takes place biennially (every 2 years). ANUGA 2017 is the 34th edition.
  • ANUGA offers an extensive supporting programme with Lectures, Special exhibition and attractive industry events


Panama dumps Taiwan, supports One-China policy
In a jolt to Taiwan and boost to Beijing’s diplomacy, Panama has severed ties with the country and recognised it as an “indispensable” part of China under the “One-China Policy”. 
  • With Panama switching sides, Taiwan’s decades-old attempt to act as a “sovereign country” would likely face fresh challenges.
  • Over the years Beijing has tried to choke Taiwan diplomatically in a bid to force the self-ruled island to accept itself as a part of China.
  • The policy states in diplomatic acknowledgement that there is only one Chinese government. Under the policy, any country that wants diplomatic relations with mainland China must break official ties with Taipei that it considers a ‘breakaway province.’


Anti-tank guided missile Nag successfully test fired
The Anti-Tank Guided Missile Nag was successfully flight tested in the desert ranges of Rajasthan.
  • Nag is a third-generation, fire-and-forget, anti-tank guided missile developed by India’s state-owned Defence Research and Development Organisation (DRDO) to support both mechanised infantry and airborne forces of the Indian Army.
  • Nag can be launched from land and air-based platforms.


RBI issues new Rs. 500 notes
The Reserve Bank of India (RBI) said a new batch of Rs. 500 banknotes with the inset letter ‘A’ in both the number panels of the current Mahatma Gandhi (new) series were being issued. 
  • The note will bear the signature of RBI Governor Urjit Patel and the year of printing is 2017. 
  • The design of the ‘A’ notes is similar to earlier notes issued post the ban of old Rs. 500 and Rs. 1000 notes in November 2016.


SEBI sets trading rules for commodity options
The Securities and Exchange Board of India (SEBI) has allowed commodity exchanges to introduce options trading while ensuring that such contracts are introduced only on such commodities that currently register high volume in the futures segment.
  • Further, on a pilot basis, each exchange will be allowed to start such options trading only on one commodity initially.
  • The regulatory framework comes nearly two months after the SEBI board approved the launch of commodity options — an instrument that was being demanded ever since SEBI took over the regulation of the commodity markets in 2015.



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