Current Affairs (This Week) Set-1

Shanghai Cooperation 12th conference was held at Beijing:

 Shanghai Cooperation 12th conference was held at china's capital Beijing on june 6th & 7th 2012. External Affairs Minister SM Krishna arrived here to participate in the 12th summit of the Shanghai Cooperation Organisation (SCO) to which India is an observer
SCO members include Russia, China,Uzbekistan, Kazakhstan, Tajikistan and Kyrgyzstan.

Pakistan, India, Iran and Mongolia have the observer status while Turkmenistan and Afghanistan attend SCO gatherings as guest nations. During the summit, Afghanistan and Turkey are likely to be granted observer status.

Pak test fires nuclear-capable Hatf-7 cruise missile:

Pakistan test fired nuclear-capable Hatf-7 cruise missile with a range of 600 km that can hit targets in India.

It is a “low flying, terrain-hugging missile with high manoeuvrability, pin-point accuracy and radar avoidance features.”

Nobel Prize reduces prize winners' cash amount:

Nobel Prize winners are to receive a smaller cash sum in future, after a cut to prize winnings was announced.

The Nobel Foundation said the economic crisis was to blame for the move, which will see a 20% cut in prize money.