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 appoints S Ramesh as Chairman of CBIC

The Appointments Committee of Cabinet (ACC) has appointed S Ramesh, member of Central Board of Indirect Taxes and Customs (CBIC) as its next Chairman. He will succeed present chairman Vanaja N. Sarna who retires in June 2018.

Central Board of Excise and Customs (CBEC)

CBIC is the nodal national agency responsible for administering Customs, GST, Central Excise, Service Tax & Narcotics in India. It is part of the Department of Revenue under Union Ministry of Finance. It is headquartered in New Delhi.

It is one of the oldest government departments of India (established in 1855 by the then British Governor General of India, to administer customs laws in India and collection of import duties / land revenue). It was renamed to present name from Central Board of Excise & Customs (CBEC) in March 2017.

CBIC deals with tasks of formulation of policy concerning levy and collection of customs and central excise duties and service tax, prevention of smuggling and administration of matters relating to customs, central excise, service tax and narcotics. It is administrative authority for its subordinate organizations, including Central Excise and Service Tax Commissionerates, Custom Houses and Central Revenues Control Laboratory.

Friendship Medal: China awards its first highest state honour to Russian President Vladimir Putin

China awarded its first highest state honour Friendship Medal to Russian President Vladimir Putin. The award was personally bestowed on Vladimir Putin by Chinese President Xi Jinping in grand ceremony held at Great Hall of the People in capital city of Beijing.

Key Facts

This was first time China has awarded medal since it was established in 2015. Friendship Medal is conferred by China only on foreigner who has made outstanding contributions in promoting exchange and cooperation between China and world, and in maintaining world peace. Russian President Vladimir Putin was presented this award during his official state visit to China, which will include attending 18th Shanghai Cooperation Organization (SCO) summit at Qingdao.

Comment

China and Russia had been cooperating since late 1990s as they responded to quite similar pressures from West. For China, Russia always had been its best friend and for Russia, China is strategic partner. In December 2017, US labelled both countries strategic rivals that challenge US interests and values. China is currently locked in ongoing trade dispute with the US, which has also imposed tough sanctions on Russia. Both China and Russia have no choice but to increase cooperation so they can jointly deal with US if it increases pressure on both countries. The award to Russia’s most powerful leader Vladimir Putin is considered as clear sign that both countries were growing closer amid increasing pressure from US. It is also reflection of the special relationship that has existed for few decades.

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