10th JUNE CURRENT AFFAIRS IN ENGLISH

1. G7 summit 2018 held in Canada

The 44th G7 summit was held on June 8–9, 2018, in La Malbaie, Quebec, Canada.This was the sixth time since 1981 that Canada has hosted the meetings.

The summit received significant attention due to a significant decline of relations of members with the United States.

Due to this, the summit was dubbed the "G6+1" by France and some members of the media.

Points to Remember

• Earlier it was known as G8, but in March 2014, the G7 declared that a meaningful discussion was currently not possible with Russia in the context of the G8. Since then, meetings have continued within the G7 process.
• The G7 is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.

2. 58 Indian companies in 2018 Forbes 'Global 2000' list

Fifty-eight Indian companies featured on the 2018 Forbes ‘Global 2000’ list of the world’s largest public sector companies, the same number as last year.

• The Mukesh Ambani-led oil-to-telecom conglomerate, Reliance Industries Ltd (RIL), rank at 83, retaining its top spot as the most valued Indian company on the list.
• HDFC Bank, the country’s largest financier, took the second spot among Indian companies, ranking at 202.
• Overall, Industrial & Commercial Bank of China is ranked 1 for the sixth consecutive year.

3. Banks to set up dedicated mechanism to address stress assets

The government of India has set up a committee under Punjab National Bank non-executive chairman Sunil Mehta to consider the establishment of an asset reconstruction company to help resolve the bad loan burden.

• Others on the committee include State Bank of India chairman Rajnish Kumar and Bank of Baroda managing director PS Jayakumar.

4. Bandhan Bank appoints H R Khan as chairman

Bandhan Bank said its board has appointed H R Khan, a former RBI deputy governor, as non-executive chairman.

• The board of directors of the bank at its meeting appointed Harun Rasid Khan as the non-executive, part time chairman of the bank.
• Khan's appointment will be for a period of three years with effect from June 5, 2018.

5. U.N. Security Council elects five members for two-year term

The United Nations General Assembly voted to elect Germany, Belgium, South Africa, the Dominican Republic and Indonesia for a two-year term in the Security Council starting on Jan. 1, 2019.

• The five members giving up their seat at the end of this year are the Netherlands, Sweden, Ethiopia, Bolivia and Kazakhstan.

6. Kamila Shamsie's "Home Fire" wins 2018 Women's Prize for Fiction

Renowned British Pakistani author Kamila Shamsie's book "Home Fire" has won the Women's Prize for Fiction, 2018.

• The book, was also in the race for last year's Man Booker Prize, is a contemporary reimagination of Sophocles' "Antigone".

7. Halep beats Stephens to win maiden Grand Slam title

Romanian Simona Halep beat Sloane Stephens of US 3-6, 6-4, 6-1 win the French Open, which is her first Grand Slam title.

• Halep became the second Romanian woman to win a Grand Slam singles trophy after Virginia Ruzici.
• This was Halep's fourth major final and has lost all three in the past, including two at Roland Garros.

8. Former Union Minister and Congress leader LP Shahi dead at 98

Senior Congress leader and former Union Minister L.P. Shahi died at the All India Institute of Medical Sciences (AIIMS). He was 98.

• He became MP from Muzaffarpur in 1984 and later served as the Education and Culture Minister.

9. Legendary Brazilian tennis player, Maria Bueno, dies

Maria Bueno, the Brazilian “queen” of tennis, who won three Wimbledon and four US championship singles titles, died in Sao Paulo at age 78, the hospital where she was being treated said.

• Known for her stylishness and her exciting way of playing, she was the first South American woman to win the Wimbledon singles title.