6th June 2018 Current Affairs

Contents

Maharashtra announces Financial aid for Tur Farmers

The Maharashtra Government will provide Rs 1000 per quintal to the farmers whose tur and gram is not purchased by the administration before 31^st May 2018.
The State Government has set up this tur procurement target of 44.6 Lakhs Quintals.
The Government has started purchasing tur from the farmers, offering them guaranteed rates following a bumper tur crop.
CM Devendra Fadnavis said that the Government has set Rs 160 Crore as Financial aid to the farmers whose crops were damaged due to unseasonal rains and thunderstorms.

The Centre appointed MK Jain, who is the Managing Director and CEO of IDBI Bank, as the RBI’s Deputy Governor.
The Position of RBI Deputy Governor has been vacant since August 2017 after SS Mundra retired.
The Central Bank now has four serving RBI Deputy Governors. The Other three are- N. S Vishwanathan, Viral V. Acharya and BP Kanungo.
MK Jain has been appointed for a term of three years.

In Uttarakhand, Polythene will be completely prohibited from 31^st July 2018.
All Polythene vendors, will have to get rid of their polythene stock before 31^st July 2018.
Meanwhile, Tamil Nadu, Nagaland, Maharashtra, and Jharkhand have announced the aim to become plastic free states.

World Bank predicts that Global Growth will slow down slightly from 3.1% this year to 3% in 2019 and to 2.9% in 2020.
The Organization says that the steadily expanding Global Economy is expected to remain resilient at least for few years.
It predicts that the US Economy will grow from 2.7% in 2018, aided by tax cuts, before slowing to 2.5% next year and 2% in 2020.
Meanwhile, China’s growth is projected at 6.5% this year, 6.3% in 2019 and 6.2% in 2020s.

The Madhya Pradesh Government has announced a power bill waiver scheme for laborers and those who live below the poverty line.
The State Cabinet approved 2 Bills- the Bijli Bill Mafi Yojana 2018 (Power Bill Waiver Scheme), and the Mukhyamantri Jan Kalyan (Sambal) Yojana 2018.
The Scheme is expected to benefit 77 Lakh people in the state.
Under the scheme, the laborers who fall under the unorganized sector in Madhya Pradesh and Below Poverty (BPL) Families will get power supply at subsidized rates.