Current Affairs – June, 2018

Latest Current Affairs June, 2018 with Current Affairs, news summary on current events of National and International importance of June, 2018 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Government hikes import duty on non-palm oils by 5-10%

The Central Board of Indirect Taxes and Customs (CBITC) under Finance Ministry has raised import duty by 5-10% on non-palm edible oils, both crude and refined ones, in order to protect interest of domestic oilseeds growers and processors.

Key Facts

Sunflower oil: The import duty on crude variant was increased from 25% to 35%, while that on refined variant from 35% to 45%.

Crude groundnut oil: The import duty was increased from 30% to 35%, while that on refined groundnut oil from 35% to 45%.

Canola oil: The import duty was increased from 25% to 35% .

Background

India has 60-65% import dependency in edible oils as there is huge demand supply gap in domestic market. India imports over 14 million tonnes of vegetable oils annually to meet domestic demand.  Thus, international trade in edible oils generates huge import bill to be paid every year. The import bill for edible oil is around $10 billion which is India’s third-highest overseas spending after oil and gold. In March 2018, Central Government had raised import duty on crude palm oils from 30% to 44%, while that on refined palm oils to 54% from 40%. But the customs duty on non-palm crude and refined edibles was kept unchanged.

June 14: World Blood Donor Day

World Blood Donor Day observed every year across the world on June 14 to thank voluntary, unpaid blood donors for their life-saving gifts of blood. It also seeks to raise awareness of need for regular blood donations to ensure the quality, safety and availability of blood and blood products for patients in need.

The theme for this year is ‘Be there for someone else. Give blood. Share life’. The host is Greece. The theme highlights importance blood donation as action of solidarity. It also highlights fundamental human values of respect, empathy and kindness associated with unpaid blood donation systems.

Importance of blood donation

Transfusion of blood and blood products helps save millions of lives every year. It helps patients suffering from life-threatening conditions to live longer and with higher quality of life. It also supports complex medical and surgical procedures. The blood transfusion also plays essential, life-saving role in maternal and child care and during emergency response to man-made and natural disasters.

Background

The World Blood Donors Day was instituted by World Health Organisation (WHO) in 2004 to raise awareness of need for safe bold and blood products and to thank donors. It is one of the eight official global public health campaigns marked by WHO along with World Tuberculosis Day (24 March), World Health Day (7 April), World Malaria Day (25 April), World Immunization Week (last week of April), World No Tobacco Day (31 May), World Hepatitis Day (28 July) and World AIDS Day (1 December).

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