30 June 2018 Current Affairs

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LG appointed 40 year old founding family member as new CEO
South Korea’s fourth largest conglomerate, LG has announced the appointment of Koo Kwang-mo, the 40-year-old son of the family-controlled conglomerate’s late Chairman Koo Bon-moo, as its CEO. He has become the fourth-generation leader of the family-controlled conglomerate.

NASA to launch world’s lightest Satellite
The four first-year engineering students from Hindustan Institute of Technology and Science near Chennai, Tamil Nadu have developed the world’s lightest satellite which will be launched from a NASA facility in the US by August 2018. The students built the 4cm ‘cube’ satellite ‘Jaihind-1S’ with a 3D printed outer casing from polylactic acid (PLA) nylon material, making it lighter than a medium sized egg, at just 33.39 grams.

GRETI: India ranks 35
India was ranked 35th among 100 countries (countries) in recently released Global Real Estate Transparency Index (GRETI). The index was released by released by realty consultant JLL. India was ranked 36th in the index during the last bi-annual survey conducted in 2016 and 40th in 2014. Its real estate market is currently placed in the ‘semi-transparent’ zone.

ICICI Bank gets new part-time chairman
ICICI Bank has appointed former bureaucrat Girish Chandra Chaturvedi as its non-executive part-time chairman. Chaturvedi is a 1977-batch IAS officer, who retired as the Oil Secretary in January 2013.

North Korea named ‘worst human trafficking country’
The US State Department has categorised North Korea as as one of the “worst human trafficking nation” for the 16th straight year, citing the use of forced labour. According to the annual ‘2018 Trafficking in Persons Report’, North Korea has been included in the Tier 3 category, which is the lowest ranking, along with China, Russia and Iran.

Rupee falls to all-time low of 69.09 against US dollar
Crude oil prices were at their highest at USD 77 a barrel, the highest since 2014 as the oil inventories of the United States witnessed their biggest fall in over two years and its exports touched an all-time record.

Indian money in Swiss banks rises 50%
Money parked by Indians in Swiss banks rose over 50% to Swiss Francs (CHF) 1.01 billion (Rs. 7,000 crore) in 2017, reversing a three-year downward trend. The surge comes as a surprise given India’s continuing clampdown on suspected black money stashed abroad. The Indian money in Swiss banks had fallen by 45% in 2016, marking their biggest ever yearly plunge.

‘Seinfield’ actor Stanley Anderson Passes Away
Noted Hollywood actor Stanley Anderson passed away after he was diagnosed with brain cancer. He was 78. Stanley was best known for his role as Judge Vandelay in Seinfield, an American television sitcom, General Slocum in Spider-Man (2002) and for playing Drew Carry’s father on ABC’s The Drew Carey Show.


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