June 2019 Current Affairs Notes for UPSC IAS 2020 Exam

June 2019 Current Affairs Notes for UPSC IAS 2020 Exam 

~VG Kannan Committe

  • To reveiew existing patterns of costs,charges and interchange fees for ATM Transaction
  • 6 Members Committee
  • VG Kannan will chair the association-> senior officers from NPCI,SBI,HDFC,Confederation of ATM industry and TATA Communication payment solutions limited.

~Financial stability and Development Council

  • Meeting recently held chaired by Union Finance Minister.
  • super regulatory body for regulating the financial sector→to strengthen ,coordination,institutionalise financial stability
  • for bringing the healthy and efficient financial system.
  • set up in 2010.
  • members: RBI, SEBI, IRDA, PFRDA, Finance Secretary, Financial Services,Economic affair, and Chief Economic Adviser.

~Prime Minister’s Economic Advisory Council

  • non-constitutional and non-statutory, non-permanent and independent body
  • analyse all economic critical issues->inflation, microfinance, export-import changes, GDP changes and industrial output
  • Bibek Debroy-> current chairman

~Libra is Facebook’s cryptocurrency

  • for use in 2020
  • created version of blockchain, the encrypted technology used by bitcoin and other cryptocurrencies.
  • emits over 22 megatons of carbon dioxide annually.
  • The Marshall Islands->“Sovereign” (SOV), Venezuela launched Petro

~UAE launches UN-developed anti-money laundering platform

  • reporting platform on Drugs and Crime to curb organised crimes.
  • ‘goAML->UAE’s Financial Intelligence
  • prevent money laundering, financing of terrorism and other illicit financial activities.

~Railways plan a ‘Give It Up’ for train ticket

  • asking passengers to sacrifice the subsidy on train tickets.
  • reduce passenger subsidy on Indian Railways.
  • 47 per cent subsidy given
  • “Give It Up” campaign in 2015→to voluntarily surrender their LPG subsidy.

~NGOs for promotion of road safety

  • Ministry of Road Transport and Highways
  • grant of financial assistance->for administering “Road Safety Advocacy”
  • 203 different Non-Governmental Organisations (NGOs) / Trusts / Cooperative Societies
  • Financial assistance-> Rs. five lakh.
  • not provide for any advance payment→reimbursement after successful ->ensure proper utilization of funds
  • Registration of the NGO on Darpan Portal
  • administered through a Project Management Unit (PMU)

~Surjit Bhalla Committee on Trade and Policy

  • Union Minister of Finance & Corporate Affairs has informed Rajya Sabha
  • headed by Dr. Surjit S. Bhalla
  • boosting India’s share and importance in global merchandise and services trade.
  • identifies tax reforms also to boost export and -investment channels for exports.
  • recommended “Elephant Bonds”->25-year sovereign bond -> undisclosed income bound to invest 50% ->utilised only for infrastructure projects.
  • reforms in Financial Services Framework-> making India a Preferred Destination for financial services.

~New National Rubber Policy

  • Minister of Commerce and Industry
  • support the Natural Rubber(NR) production sector and the entire rubber industry value chain.
  • (a)new planting and replanting of rubber (b)support for growers (c)processing and marketing of natural rubber (d)labour shortage (e)external trade (f)Centre-State integrated strategies (g) research and training (h)rubber product manufacturing and export (I)climate change concerns and carbon market
  • Thailand and Indonesia are two of the leading rubber producers.

~To revise the current series of WPI

  • Chairman of the Working Group: Ramesh Chand
  • Nodal office: The Office of Economic Adviser,Department for Promotion of Industry & Internal Trade.
  • help in presenting a more realistic picture of the price situation and its impact on people
  • To review the commodity basket of the current series of WPI.
  • To select the most appropriate Base Year for the preparation of a new official series of Index Numbers of WPI and Producer Price Index (PPI).
  • Ministry of Commerce & Industry


  • aimed at providing freedom to beneficiaries
  • reduce their dependence on shop owners
  • biggest beneficiaries will be migrant workers->beneficiary can avail his share of food grain from any district in the State.
  • creation of a Central Repository