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Important Current Affairs of 3rd June

NATIONAL:

ONGC became Indias most profitable public sector company.

• Oil and Natural Gas Corp (ONGC), India's top oil and gas producer, has toppledIndian Oil Corp (IOC) to regain the crown of being the country's most profitable public sector company.

• Oil and Natural Gas Corp (ONGC) reported a 34% jump in its 2018- 19 fiscal net profit to Rs.26,716 crore.

• Whereas, IOC registered a net profit of Rs.17.274 crore for the fiscal year ended March 31, 2019.

• ONGC, in the previous two financial years, had lost the most profitable PSU tag to IOC. With its refining margins under pressure due to falling oil prices, IOC had also lost the title of being India's largest company by turnover tag to billionaire Mukesh Ambani-led Reliance Industries in FY19.

• Reliance has been India's most profitable company for the fourth year in a row.

Oil and Natural Gas Corporation (ONGC):

Founded on: 14 August 1956

Headquarters: New Delhi, India

Chairman & MD: Shashi Shankar

Owner: Government Of India

ONGC is an Indian multinational oil and gas company.

• It is a Public Sector Undertaking (PSU) under the administrative control of the Ministry of Petroleum and Natural Gas.

• It produces around 70% of India's crude oil and around 62% of natural gas.

India has 20 health workers per 10,000 people: NSSO study.

• National Sample Survey Organization (NSSO) data showed that India has 20.6 health workers per 10,000 people.

• This is less than the World Health Organization's (WHO) minimum overreach of 22.8 per 10,000 people.

• Distribution of health workers:

• This is uneven between the urban and rural areas.

• Rural areas with 71 % of India's population have only 36% of health workers.

• Delhi highest concentration of health workers followed by Kerala, Punjab, and Haryana.

• Public and private sector: The study has further notified that there is an uneven distribution of health workforce seen in public and health sector too.

About NSSO:

Founded on: 1950

Headquarters: Delhi

INTERNATIONAL:

Sri Lankan presidential polls to be held between 15 Nov and 7 Dec.

• The presidential elections in Sri Lanka would be held between November 15 and December 7, Election Commission Chairman Mahinda Deshapriya has said, clarifying that according to constitutional provisions, the polls must be held one month before the end of the current President’s term.

President Sirisena's five-year term is scheduled to end on January 8, 2020. Sirisena was elected for a 5-year term on January 8, 2015, when he challenged the incumbent Mahinda Rajapaksa.

APPOINTMENTS AND RESIGNATIONS:

SpiceJets Chairman and MD Ajay Singh was elected to the board of IATA.

• SpiceJet's Chairman and Managing Director Ajay Singh was elected to the board of the International Air Transport Association (IATA), less than three months after the airline joined the global grouping.

• Founder and former chairman of the now grounded Jet Airways Naresh Goyal, who was associated with the IATA for a long time, was a member on the previous board.

Board of IATA:

• The new board of the global airlines' grouping would be chaired by Lufthansa Group Chief Executive Officer Carsten Spohr, who took charge after the conclusion of the IATA annual general meeting at Seoul, South Korea.

• Spohr will be the Chairman of the IATA Board of Governors (BoG) for a one-year term. Other board members include Air Canada President and CEO Calin Rovinescu, Qantas CEO Alan Joyce and Qatar Airways CEO Akbar Al Baker.

• In March, SpiceJet became the first Indian low-cost carrier to take membership of the IATA, a grouping of around 290 airlines.

International Air Transport Association (IATA):

Formed on: 19 April 1945

Headquarters: Quebec, Canada

DG and CEO: Alexandre de Juniac

Membership: 290 airlines in 120 countries

• IATA is a trade association of the world’s airlines. IATA provides consulting and training services in many areas.

VP Sivakolundhu elected as Puducherry Assembly Speaker.

• Puducherry Deputy Speaker and Lawspet legislator VP Sivakolundhu was on Monday elected as the new Speaker of the Union Territory Assembly. The Speaker's chair fell vacant after Congress' V Vaithilingam stepped down on March 21 to contest the Lok Sabha elections from the lone Puducherry parliamentary seat. The Congress leader, Sivakolundhu, was the sole contender for the Speaker's post.

DAYS:

June 3 is celebrated as the World Bicycle Day across the globe.

• In April 2018, the United Nations General Assembly (UNGA) declared 3 June as International World Bicycle Day. The resolution for World Bicycle Day recognizes the uniqueness, longevity, and versatility of the bicycle, which has been in use for two centuries, and that it is a simple, affordable, reliable, clean and environmentally fit sustainable means of transportation.

• 2019 will be the second year when it will be celebrated after the UN General Assembly declared it in 2018 to acknowledge the uniqueness, longevity and the importance of the bicycle which is a simple, affordable, reliable and an environmentally friendly mode of transportation.

Aim:

• The day aims to promote the use of bicycles as a means of fostering sustainable development, strengthening education, including physical education, for children and young people, promoting health and tolerance, preventing disease, mutual understanding and respect, facilitating social inclusion and a culture of peace.

World Bicycle Day in India:

• In India, Vice President of India Venkaiah Naidu had flagged off a cycling rally in Connaught Place in Delhi on the occasion of World Bicycle Day. It was also celebrated by cyclists in many other cities like Bengaluru and Mumbai.

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