6-8 June 2018 Current Affairs

Blue Flag certification | Odisha | RBI | Repo Rate | Subarnarekha port | Sugar MSP | Maternal Mortality Ratio |

Posted on Jun 08, 2018 03:23 IST in Current Affairs.

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1) On the occasion of World Environment Day on 5 June 2018 which Indian beach became the first in Asia to get the Blue Flag certification, the tag given to environment-friendly and clean beaches? - Chandrabhaga Beach (Odisha)

Explanation: The Chandrabhaga beach on the Konark coast of Odisha became the first in Asia to get the Blue Flag certification. This tag is given to environment-friendly and clean beaches, equipped with amenities of international standards for tourists.

- The tag was awarded on World Environment Day on 5 June 2018. To achieve the Blue Flag standards, a beach must be plastic-free and equipped with a waste management system. Clean water should be available for tourists, apart from international amenities. The beach should have facilities for studying the environmental impact around the area.

- Twelve more beaches in the country are being developed in accordance with the Blue Flag standards. Among them are the Chiwla and Bhogave beaches in Maharashtra and one beach each from Puducherry, Goa, Daman and Diu, Lakshadweep and the Andaman and Nicobar Islands.

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2) The Reserve Bank of India (RBI) hiked the Repo Rate, the rate at which banks borrow from RBI, by 25 basis points (bps) during its second bi-monthly monetary policy review of 2018-19 on 6 June 2018. When was the last time the RBI had hiked the Repo Rate? – January 2014

Explanation: The RBI on 6 June 2018 hiked the Repo Rate for the first time in 4.5 years by hiking it by 25 bps. The new Repo Rate is 6.25% while the Reverse Repo Rate is 5.75%. The last time the Repo Rate was hiked was in January 2014 when the rate was raised to 8%.

- RBI’s monetary policy committee (MPC) voted unanimously to hike the repo rate by 25 basis points and to keep its policy stance neutral, leaving the room open for further rate hikes. The rate hike decision was contrary to market expectation that the central bank will hold rates.

- Supporting the rate hike was the increase in the inflation forecast. The central bank has now forecasted average inflation for the fiscal year 2018-19 to be 4.8-4.9% in the first half and 4.7% in the second half.

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3) The Defence Ministry gave its approval for construction of which port mouth on the Bay of Bengal in Odisha during June 2018? - Subarnarekha port

Explanation: The construction of Subarnarekha port in Odisha will begin soon as the defence ministry has given its clearance for the project. This was announced by the Odisha Government on 5 June 2018.

- Chennai-based Creative Port Private Ltd (CPPL) has proposed construction of an all-weather deep-draft commercial port at Subarnarekha river in Balasore district of Odisha.

- Defence Ministry’s approval was required as proposed port project is located close to the integrated test range site of the Defence Ministry at Chandipur near Balasore. Earlier, the ministry had certain objections to the project.

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4) What is new minimum support price (MSP) for sugar, as was announced by the Union Government on 6 June 2018? – Rs. 29/kg

Explanation: The government has fixed a minimum support price at the mill gate of Rs. 29/kg for refined sugar, to ensure that retail prices of the sweetener do not fall further. This was announced by Cabinet Minister of Consumer Affairs, Food and Public Distribution Ram Vilas Paswan after a Union Cabinet meeting on 6 June 2018.

- The Government also decided to build a 3 million tonne stockpile of sugar to soak up excess supply from the domestic market, and grant soft loans worth Rs. 4,440 crore to help millers expand ethanol output capacity.

- The support measures are aimed at cutting a growing sugar surplus and propping up local prices, in order to help both loss-making mills and millions of cane growers. India’s is the world’s biggest sugar producer after Brazil.

- Large sugar surpluses have led to a sharp fall in prices that in turn have made if difficult for mills to pay the country’s 50 million cane growers on time.

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5) What is the latest Maternal Mortality Ratio (MMR) of India, as was disclosed in latest Sample Registration System (SRS) data released during June 2018? – 130

Explanation: As per the latest Sample Registration System (SRS) data, the Maternal Mortality Ratio (MMR), i.e., number of maternal deaths per 1,00,000 live births, has dropped from 167 (in 2011-2013, the last SRS period) to 130 for India.

- This 28% drop is an achievement arising from efforts reducing the MMR in each of the States.

- Kerala remains at the top with an MMR of 46 (down from 61). Maharashtra retains its second position with 61, but the pace of fall has been much lower, dropping from 68 during 2011-13. Tamil Nadu with 66 (79) is in the third position.

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