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 Current Affairs Weekly PDF – June 2024 – 1st Week
(1–7)
NATIONAL AFFAIRS

Central Council for Research in Ayurvedic have jointly developed a ‘Unified India Organic’ logo
Sciences Launches PRAGATI-2024 to replace the India Organic and Jaivik Bharat logos.
The Central Council for Research in Ayurvedic Sciences ✓ The India Organic logo was used on organic
products complying with the National
(CCRAS) has launched the Pharma Research in
Programme for Organic Production (NPOP)
AyurGyan And Techno Innovation (PRAGATI-2024), an
initiative to shape the future of Ayurveda. The whereas the Jaivik Bharat logo was used on
organic products certified by FSSAI.
initiative aims to boost research and innovation in
Ayurveda by fostering collaboration between CCRAS
and the Ayurveda drug industry. Reliance Foundation Signed MoU with
INCOIS For Coastal Community
India Hosted 46th Antarctic Treaty Empowerment
Consultative Meeting & 26th Committee on The Reliance Foundation and the Hyderabad
Environmental Protection in Kerala (Telangana) - based Indian National Centre for Ocean
Information Services (INCOIS), an autonomous body
India has successfully hosted the 46th Antarctic Treaty
under the Ministry of Earth Sciences (MoES),
Consultative Meeting (ATCM-46) and the 26th
Government of India (GoI), have signed an
Committee on Environmental Protection (CEP-26)
Memorandum of Understanding (MoU) to empower
from 20th to 30th May 2024 in Kochi, Kerala. ATCM-
the inhabitants of coastal areas.
46 was held under the theme “Vasudhaiva
Kutumbakam” (A Sanskrit phrase which means ‘one
Earth, one family, one future’). DoT Introduces New Mobile Number Series
✓ ATCM-46 and CEP-26 were hosted by the For Service & Transactional Calls
Ministry of Earth Sciences(MoES), The Department of Telecommunications (DoT) has
Government of India, through the National introduced 160 series for making service and
Centre for Polar and Ocean Research transactional voice calls. This 160 series will replace
(NCPOR), Goa, with support from the the 140 series, which is currently used
Antarctic Treaty Secretariat. by telemarketers for making promotional, service, and
✓ During the event, a customised transactional calls, but the 140 series will continue to
“MyStamp” featuring the logo of ATCM-46 be used for promotional calls.
was released in collaboration with India Post.
✓ During the event, Union Minister Kiren Rijiju
Department of School Education Signed
announced India’s plan to set up an Antarctic
research station, Maitri-II. MoU with National Book Trust To Launch
Rashtriya E-Pustakalaya
The Department of School Education & Literacy
FSSAI & APEDA Jointly Develops ‘Unified
(DoSE&L), Ministry of Education (MoE), Government
India Organic’ Logo
of India (GoI) has signed a Memorandum of
The Food Safety and Standards Authority of India
understanding (MoU) with the National Book Trust
(FSSAI) and the Agricultural and Processed Food
(NBT) to create an institutional framework for
Products Export Development Authority (APEDA)
Rashtriya e-Pustakalaya, a Digital Library Platform.

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Gati Shakti Vishwavidyalaya Signed Three ✓ STPI launched two new web portals,
MoUs For Industry-Academia Collaboration SayujNet, a networking and resource
discovery platform, and STPI-Workspace, an
Gati Shakti Vishwavidyalaya (GSV) has signed three
STPI Workspace portal.
Memorandum of understandings (MoUs) with Nokia
✓ STPI also announced its new initiative under
Corporation, Plasser (India) Private Limited and
the brand name “Ananta”, to develop a
Jacobs Solutions Inc. to strengthen the partnership
between industry and academia. strong cloud network made by Indians for
Indians.
Note: GSV in Vadodara, Gujarat, is a Central University
under Ministry of Railways.

MoHFW Signed MoU with MoD To Set Up

Dedicated Tele MANAS Cell For Armed
Forces
The Ministry of Health and Family Welfare (MoHFW)
signed a Memorandum of Understanding (MoU) with
the Ministry of Defence (MoD) to facilitate
collaboration in operating a special Tele Mental
Health Assistance and Networking Across States
(Tele-MANAS) Cell.
✓ Tele MANAS Cell, the National Telemental
Health Helpline of MoHFW, is a pilot project
for a period of two years at the Armed Forces
Medical College (AFMC) in Pune
(Maharashtra).
✓ This initiative provides toll-free number, MeitY Secy Inaugurated Indigenous Air
14416, in each State and Union Territory (UT) Quality Monitoring System & launched Air-
for easy access to mental health support.
Pravah App
On the occasion of World Environment Day 2024 (5th
AFMS Signed MoU with IIT Hyderabad For June 2024), S Krishnan, Secretary of the Ministry of
Collaborative Research and Training Electronics and Information Technology (MeitY),
The Armed Forces Medical Services (AFMS) have inaugurated an indigenous Air Quality Monitoring
signed a Memorandum of Understanding (MoU) with System (AQ-AIMS) during the event held in New
the Indian Institute of Technology (IIT) Hyderabad to Delhi, Delhi.
collaborate on research and training. ✓ He also launched the mobile application “Air-
Pravah” for real-time Air Quality Index (AQI)
STPI Celebrated 33rd Foundation Day in New monitoring
✓ The government of India (GoI) has designated
Delhi
Bihar’s Nagi Bird Sanctuary and Nakti Bird
Software Technology Parks of India (STPI), an
Sanctuary as wetlands of International
autonomous society under the Ministry of Electronics
Importance under the Ramsar convention,
and Information Technology (MeitY), celebrated its
taking the total number of RAMSAR sites in
33rd Foundation Day on 5th June 2024 at a special
India to 82.
event held in New Delhi, Delhi.
✓ The foundation day event was held under the
theme “Positioning Bharat as a Tech Product
Nation”.

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MoD Signed MoUs with 4 Banks To Onboard them as System for Pension Administration – Raksha
Them As 'SPARSH' Service Centres (SPARSH) service centres across 1,128 branches of
these banks in India.
The Defence Accounts Department (DAD) of the
✓ The four banks were Bank of India (BOI),
Ministry of Defence (MoD) has signed Memorandum
Canara Bank, Central Bank of India (CBI) and
of understanding (MoUs) with four banks to onboard
Utkarsh Small Finance Bank Limited (USFBL).

INTERNATIONAL AFFAIRS

UNDP & GEF Launched USD 135M Blue and IAF Participates in ‘Red Flag 24-2’ Exercise in
Green Islands Integrated Programme to Alaska,USA
support SIDS The Indian Air Force (IAF) has landed its most
United Nations Development Programme (UNDP) and advanced fighter aircraft, Rafale, at the Eielson Air
the Global Environment Facility (GEF) jointly launched Force Base, Alaska, United States of America (USA), to
a new USD 135 million Blue and Green Islands participate in the multinational Red Flag 24-2
Integrated Program (BGI-IP), a transformative and exercise. The exercise in Alaska is organised by the
comprehensive initiative designed to address pressing Pacific Air Forces (PACAF), the air component
environmental challenges faced by Small Island command of the United States’ Indo-Pacific Command
Developing States (SIDS). (USINDOPACOM).
✓ The initiative was launched during the 4th
International Conference on SIDS (SIDS4)
held in Antigua and Barbuda from 27th to
30th May 2024 under the overarching theme
of “Charting the course toward resilient
prosperity”.

WMO & FAO Signed MoU to strengthen their

collaboration & improve climate services in
agriculture
The World Meteorological Organization (WMO) and
the Food and Agriculture Organization of the United
Nations (FAO) signed a Memorandum of
Understanding (MoU) to strengthen their
collaboration to improve the provision and use of
climate services in agriculture, increase resilience and
climate adaptation. OECD Report: Developed Countries Provided
✓ Under this MoU, WMO and FAO will
USD 115.9 Bn Climate Finance for
collaborate on areas of mutual interest in
relation to weather, ocean, climate, Developing Countries in 2022
hydrological, and related environmental According to the Organization for Economic
services and their application for resilience Cooperation and Development's (OECD) report,
and adaptation of the global agrifood system Climate Finance Provided and Mobilised by Developed
Countries in 2013-2022, developed countries provided
and mobilised USD 115.9 billion as climate finance for
developing countries in 2022.

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 ✓ This exceeds the annual USD 100 billion goals ranking of 118th in the list. IIT Delhi has
for the 1st time, surpassing the target by over improved its rank from 197th (in 2024) to
15%. 150th position (in 2025).
✓ This report is the OECD’s 7th assessment of ✓ Massachusetts Institute of Technology (MIT),
progress towards the United Nations Cambridge, the United States of America
Framework Convention on Climate Change (USA) has topped the list globally for the 13th
(UNFCCC) goal, agreed in 2009. time (2012 and from 2014 to 2025).
✓ Delhi based Guru Gobind Singh Indraprastha
Key Highlights of 77th World Health University (GGSIPU), formerly known as
Indraprastha University (IP university or IPU),
Assembly held in Geneva, Switzerland
has bagged the prestigious “Rising Star”
The 77th World Health Assembly(WHA 77) was held in
award from the QS World Ranking.
Geneva, Switzerland from 27th May to 1st June,
✓ 21st edition of QS World University Rankings
2024.
2025 features 1500 universities across 105
Theme of 2024 WHA is “All for Health, Health for All”.
Higher education systems.
✓ On the sidelines of WHA 77, India hosted a
Top 5 Indian Institutes:
side event on Women, Children and
Indian Name of the Global
Adolescent Health in partnership with Location
Rank University Rank
Norway, United Nations Children’s
Mumbai,
Fund (UNICEF), United Nations Population 1 IIT Bombay 118
Maharashtra
Fund (UNFPA) and Partnership for Maternal,
New Delhi,
Newborn and Child Health (PMCH) in Geneva, 2 IIT Delhi 150
Delhi
Switzerland.
Indian Institute Bengaluru,
✓ Bengaluru(Karnataka)-based National 3 211
of Science (IISc) Karnataka
Institute of Mental Health and
Kharagpur,
Neuro Sciences (NIMHANS), India’s premier 4 IIT Kharagpur 222
West Bengal
Mental Health Institute under the Ministry of
Health and Family Welfare, (MoHFW), bagged Chennai,
5 IIT Madras 227
the Nelson Mandela Award for Health Tamil Nadu
Promotion for 2024 by WHO.
✓ Eminent Public Health Advocate and Tobacco India Participated at ITU’s WSIS+20 Forum
Activist, Professor Bontle Mbongwe High-Level Event Held in Geneva
(Botswana) received the Nelson Mandela India participated in the World Summit on the
Award for Health Promotion for 2024. Information Society (WSIS +20) Forum High-Level
Click here for the complete list of winners Event 2024 held in Geneva, Switzerland from 27th to
31st May 2024. Co-organisers: International
QS World University Rankings 2025: IIT Telecommunication Union (ITU) in partnership with
Bombay and IIT Delhi among the Top 150; the United Nations Educational, Scientific and Cultural
Organisation (UNESCO), United Nations Development
MIT Topped the list
Programme (UNDP) and United Nations Conference
According to the Quacquarelli Symonds (QS) World
on Trade and Development (UNCTAD).
University Rankings 2025, the Indian Institute of
✓ Host: ITU and Swiss Confederation, with
Technology(IIT) Bombay, Mumbai (Maharashtra) and
support of remote participation.
IIT Delhi, New Delhi (Delhi) are the only two Indian
✓ The Indian delegation at WSIS+20 was led by
Institutes featured among the top 150 Universities on
Niraj Verma, Additional Secretary,
the ranking.
Department of Telecommunication, Ministry
✓ IIT-B has retained its position as the best
higher education Institute in India, with global

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 of Communications, Government of India global standard for measuring the health of
(GoI). ecosystems.
✓ India also participated in the “AI for Good” ✓ The study classified the mangrove ecosystems
Global Summit held at the International of: South India, Sri Lanka, the
Conference Center Geneva (CICG), Geneva, Maldives and North West Atlantic as Critically
Switzerland from 30th to 31st May 2024. Endangered.
✓ During the Summit, India officially took over
the baton of hosting the World ILO's World Employment and Social Outlook:
Telecommunication Standardization
Global Unemployment Rate to Drop Slightly
Assembly 2024 (WTSA-24) in New Delhi, Delhi
from 15th to 24th October 2024. to 4.9% in 2024
According to the International Labour Organization's
(ILO), World Employment and Social Outlook: May
Over 50% of the World’s Mangroves is at
2024 Update, the global unemployment is projected
Risk of Collapse, Climate Change Leading at 4.9% in 2024, slightly lower than the 5.0% in 2023,
Factor: IUCN contrary to the prior projection (World Employment
According to the International Union for Conservation and Social Outlook Trends 2024 report) of 5.2%.
of Nature (IUCN)’s Red List of Mangrove Ecosystems, ✓ Globally, only 45.6% of working-age women
over 50% of the world’s mangrove ecosystems are at are employed in 2024, compared to 69.2% of
risk of collapse, with nearly 1 in 5 faces severe risk. As men.
per the study, climate change poses serious threats to ✓ Informal employment has risen from 1.7
33% (1/3rd) of the mangrove ecosystems across the billion in 2005 to 2.0 billion in 2024, slowing
world. progress towards Sustainable Development
✓ This is the first global mangrove assessment Goals (SDGs).
for the IUCN Red List of Ecosystem(RLE), a

BANKING & FINANCE

NSE Indices Launched India’s 1st EV Index Asset Reconstruction Company Limited (EARCL) and
“Nifty EV and New Age Automotive Index” ECL Finance Company Limited (ECL) on material
supervisory concerns.
NSE Indices Limited, a subsidiary of National Stock
Exchange of India Limited (NSE India), launched ✓ RBI observed incorrect valuation of SRs in
India’s 1st Electric Vehicle (EV) Index named “Nifty EV both ECL and EARCL.
and New Age Automotive Index”. The index aims to
track the performance of companies which are part of CSFB Announces Bancassurance Corporate
EV sector or engaged in the development of new-age Agency Partnership with ICICI Lombard
automotive vehicles and associated technology.
General Insurance
Capital Small Finance Bank Limited (CSFB), India’s
RBI Imposed Immediate Restrictions on first Small Finance Bank (SFB) has announced a
Edelweiss Group’s EARCL and ECL Finance Bancassurance Corporate Agency Partnership with
The Reserve Bank of India (RBI) in exercise of its ICICI Lombard General Insurance Company Limited
powers given under the Securitization and (ICICI Lombard).
Reconstruction of Financial Assets and Enforcement of ✓ Bancassurance is an arrangement between a
Security Interest Act, 2002 (SARFAESI Act, 2002) and bank and an insurance company allowing the
the Reserve Bank of India Act, 1934, has imposed insurance company to sell its products to the
restrictions on Edelweiss Group entities- Edelweiss bank's client base.

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Federal Bank Announces Bancassurance to ₹86.11 crore in FY24 as compared to
Partnership With Tata AIA Life Insurance Rs.40.39 crore in FY23
Final Framework for the Indian fintech sector’s self-
Federal Bank Limited, a private sector lender in India,
regulatory body released by RBI
has announced a Bancassurance Partnership with
✓ RBI has released the final framework for
Tata AIA Life Insurance Company Limited. This will
recognising Self-Regulatory Organisations in
enable Federal Bank customers to access Tata AIA Life
insurance companies’ products including term the Financial Technology sector (SRO-FT). A
minimum net worth of Rs.2 crore will be
insurance, savings and wealth creation plans,
required by the applicants within a year of
retirement, and pension solutions etc.
being recognised as an SRO-FT.
✓ The entity should be a not-for-profit
PhonePe Launches Secured Lending Platform company. The shareholding should not
With Banks, NBFC and Fintech Firms exceed 10 percent or more of the paid-up
PhonePe, a leading Fintech firm, has launched share capital of an SRO-FT.
secured lending products on its platform by
partnering with banks, Non-Banking Financial
Company (NBFCs) and other fintech firms.The
customers can access lending solutions on the
PhonePe app in six major categories: mutual fund,
gold, bike, car, home and loans against property, and
education loan.

RBI Annual Report 2023-24: RBI Projects Real

GDP growth at 7% for fiscal year 2024-25
The Reserve Bank of India’s (RBI) Annual Report 2023-
24 has been released and presented to the Central
Government under the Section 53 (2) of the Reserve
Bank of India Act,1934.
✓ RBI in its Annual Report has showed that the
Indian economy is likely to grow at 7 percent
for 2024-25
✓ The RBI Annual report indicated a 17% RBI Moves 100 Tonnes of Gold From UK To
increase in FY24 income to ₹2,75,572.32 its Vaults in India
crore. Expenditure on the other The Reserve Bank of India (RBI) has moved 100
hand, declined by 56.3% to Rs.64,694.33 crore Metric Tonnes (MT) or 1 Lakh kg of gold stored in the
from ₹1,48,037.04 crore in FY2023. United Kingdom (UK) to domestic vaults in FY24,
✓ RBI’s Annual report showed a rise in the net which marks a significant shift in gold storage. More
income of 2.11 lakh crore (17 percent) in the than half of the RBI's gold holdings are kept in safe
financial year 2024 as compared to ₹87,420 custody with the Bank of International Settlements
crore in FY23. (BIS) and the Bank of England (BoE).
✓ Investors have purchased a total of Rs.27,031 ✓ Note: India’s overall gold holdings increased
crore of Sovereign Gold Bonds in 2023-24 27.46 MT in FY24 and it stands at 822.1 MT of
which is four times of the amount purchased which 413.8 tonnes stored overseas as of
in 2022-23. March 2024.
✓ The monetary penalties imposed by the RBI ✓ TheReserve Bank of India (RBI) has imposed a
on regulated entities (REs) has doubled monetary penalty of Rs 88.70 lakh on SBM

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 Bank (India), a subsidiary of the State Bank of process and not submitting data to the SEBI’s
Mauritius (SBM) for non-compliance with inspection team.
certain regulatory norms
Adani One & ICICI Bank Jointly Launched 2
Jio Financial Services Launches 'JioFinance' Variants of Co-branded Credit Cards
app in Beta Mode to Advance Digital Banking Adani One and ICICI Bank jointly launched India’s 1st
Jio Financial Services, the financial services arm of co-branded credit cards with airport-linked benefits in
Reliance Industries Limited (RIL), launched its collaboration with a card network Visa. The cards will
JioFinance app in beta mode, to offer a cutting-edge be available in 2 variants, Adani One ICICI Bank
platform for daily finances and digital banking. This Signature Credit Card and Adani One ICICI Bank
app integrates digital banking, Unified Payments Platinum Credit Card.
Interface (UPI) transactions, bill settlements, and
insurance advisory. RBI Cancels 10-Year Green Bond Auction For
the 1st Time Due to Lack of Greenium
SEBI Launches User-Friendly Beta Settlement The Reserve Bank of India (RBI) cancelled the planned
Calculator auction of 10-year green bonds, as traders refused to
The Securities and Exchange Board of India (SEBI) pay the greenium. The cancellation to the absence of
launched a beta version of the settlement a "greenium," indicates investors' reluctance to accept
calculator to enhance transparency and simplify the lower yields.
process of determining the indicative settlement ✓ The cancellation of the green bond sale for
amount. It guides users to calculate indicative 2024-25 marks the 1st instance of such an
settlement amounts, subject to modifications by SEBI auction since the inception of green bond
committees. sales in January 2023.

AIBEA Launched Exclusive Website 'Bank Axis Bank & Mastercard Collaborates to
Clinic' to Guide Retail Customers Launch NFC Soundbox
All India Bank Employees’ Association (AIBEA), the Axis Bank, one of India’s largest private sector banks,
oldest and largest trade union of bank employees, has partnered with American multinational payment
launched a 'Bank Clinic', an exclusive website, in card services corporation, Mastercard, to launch the
Mumbai, Maharashtra. It is a complaint redressal Near Field Communication (NFC) Soundbox solution,
platform to guide retail customers about their rights an industry-first proposition for the merchant
and remedies. community.

SEBI Launched “Saa₹thi 2.0” Mobile App on Axis Bank & Bajaj Allianz General Insurance
Personal Finance for Investors Entered Bancassurance Partnership
The Securities Exchange Board of India (SEBI) Axis Bank Limited, a private sector bank, and Bajaj
launched “Saa₹thi” (SAARTHI) 2.0” mobile application Allianz General Insurance Company Limited, a private
on personal finance for investors. The app introduced general insurer, have entered a strategic
a user-friendly interface with comprehensive tools bancassurance partnership to boost insurance
which aims to simplify complex financial concepts. penetration and financial inclusion in India.
✓ SEBI has imposed a penalty of Rs 2.5
lakh on Samco Securities Limited, a SEBI-
registered Stock Broker, for alleged
discrepancies found in customer on-boarding

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SEBI Sets Up Ad-hoc Committee To Review SEBI Issued Guidelines to Relax Timelines for
Ownership, Eco Structure Of Clearing FPIs to Make Material Event Disclosures
Corporations The Securities Exchange Board of India (SEBI) issued a
The Securities and Exchange Board of India (SEBI) has Master Circular for Foreign Portfolio Investors(FPIs),
set up an Ad-hoc Committee to review the ownership Designated Depository Participants and Eligible
and economic structure of Clearing Corporations Foreign Investors specifying the timelines for
(CCs) and to suggest measures to ensure that CCs disclosure of material changes/events.
function as resilient, independent, and neutral risk ✓ Type 1 material changes needs to be now
managers.The ad-hoc committee will be chaired by informed within seven days and supported
Usha Thorat, former Deputy Governor (2005 to 2010) documents to be provided within 30 days.
of the Reserve Bank of India (RBI). ✓ Type II changes, need to be informed within
30 days with supporting documents if any.

PNB & IIFCL Signed MoU to Finance

Infrastructure projects NIPL Partners with Central Bank of Peru To
Punjab National Bank (PNB) and India Infrastructure Introduce a UPI-like Payments System in
Finance Company Ltd (IIFCL) signed a Memorandum Peru
of Understanding (MoU) to provide long-term NPCI International Payments Limited (NIPL), the
financial assistance for viable infrastructure projects. international arm of National Payments Corporation
Under this MoU, the parties can mutually participate of India (NPCI), has signed an agreement with the
through a consortium or multiple lending Central Reserve Bank of Peru (BCRP- Banco Central
arrangements, ensuring financial support for de Reserva del Perú) to introduce Unified Payments
prospective borrowers after due diligence. Interface (UPI)-like real-time payments system in
Peru.
Edelweiss Tokio Life Insurance Rebrands to ✓ The collaboration makes Peru the first South
American (SA) nation to adopt UPI
Edelweiss Life Insurance
technology.
Edelweiss Tokio Life Insurance Company Limited has
been rebranded as Edelweiss Life Insurance. It has
refreshed its logo but retained its brand positioning of Universal Sompo Launches ‘Insure Today For
‘zindagi unlimited.’ a Safe Tomorrow’ Campaign To Promote
Awareness
Universal Sompo General Insurance Company
Limited has launched a new theme, ‘Insure today for
a safe tomorrow,’ to raise awareness about the
importance of insurance in safeguarding against
unforeseen risks.

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 ECONOMY & BUSINESS

Morgan Stanley's 2024 Global Economic Bank of India's (RBI) 7%), and 6.5% in 2025, and
Midyear Outlook Forecasts India's Growth at inflation is expected to stay within the 2-6% comfort
zone.
6.8% in 2024 & 6.5% in 2025
Morgan Stanley's report, the 2024 Global Economic
Midyear Outlook, indicates that growth in India is Coal India Incorporates New Arm for Coal-to-
becoming more broad-based across both on the Chemicals Business
consumer and business spending side. The report Coal India Limited (CIL) incorporated Bharat Coal
forecasts 6.8% growth in 2024 (against the Reserve Gasification and Chemicals Ltd (BCGCL), a subsidiary

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to pursue a coal-to-chemicals operation. BCGCL will India (GoI), India received the highest Foreign Direct
produce ammonia and nitric acid as intermediate Investment (FDI) from Singapore in FY24 (2023-24)
products and ammonium nitrate as end product despite FDI equity inflows into the country decreased
✓ CIL holds a majority 51% stake in BCGCL while by about 3.5% in FY24, from USD 46.03 billion
the remaining 49% is owned by Bharat Heavy (FY23)to USD 44.42 billion(FY24) due to global
Electricals Limited (BHEL). economic uncertainties.
✓ Mauritius emerged as the 2nd biggest
Moody's Ratings Projects India's GDP to investor in India, with investment of USD 7.97
billion in FY24, followed by United States of
Grow by 6.8% in 2024 and 6.5% in 2025
America (U.S.A.)(USD 4.99 billion),
Moody’s Ratings' Global Macro Outlook 2024-25
✓ The total FDI saw a negligible decrease of 1%,
(May 2024 update) has projected India's Gross
from USD 71.35 billion (in FY23) to USD 70.95
Domestic Product (GDP) to grow by 6.8% in 2024
during FY24.
followed by 6.5% in 2025, attributing to strong
economic expansion and post-election policy
continuity. Netherlands Becomes India's Third Largest
Export Destination In FY 24 After US, UAE
Adani Ports Signs 30-Year Concession To As per the data of the Ministry of Commerce and
Industry (MOCI), the Netherlands emerged as the
Operate CT2 In Tanzania
third largest export destination in FY24 after the
Adani International Ports Holdings Private Limited
United States of America (USA) and United Arab
(AIPH) has signed a 30-year concession agreement
Emirates (UAE). India’s exports to the Netherlands
with the Tanzania Ports Authority (TPA) to operate
increased by 3.5% to USD 22.36 billion in FY24 as
and manage Container Terminal 2 (CT2) at Dar es
compared to USD 21.61 billion in FY23.
Salaam Port, Tanzania.

DBS Retained India’s GDP Projection at 7%

NSO Released Provisional Estimates of
for FY25 (2024-25)
Annual GDP for FY24 & Quarterly Estimates
Singapore-based DBS Bank Ltd (formerly known as
of GDP for Q4 of FY24 Development Bank of Singapore Limited) retained its
National Statistical Office (NSO), Ministry of Statistics projection for India’s Gross Domestic Product (GDP) at
and Programme Implementation (MoSPI) released the 7% for FY25 (2024-25). It also projected India’s GDP
Provisional Estimates (PE) of Annual Gross Domestic growth to remain at 7% for Q1 (April to June 2024) of
Product (GDP) for the FY24 (2023-24) and Quarterly FY25.
estimates of GDP for Q4 (January-March) of FY24,
both at Constant (2011-12) and Current Prices.
Goldman Sachs Raised India's GDP Growth
✓ Real GDP is expected to grow at 8.2% in FY24
as compared to the growth rate of 7.0% in Forecast to 6.9% for CY24
FY23(2022-23). Foreign Brokerage Goldman Sachs Group, Inc., has
✓ India’s GDP growth rate in Q4FY24 grew by raised India's Gross Domestic Product (GDP) growth
7.8% and Gross Value Added (GVA) is forecast for the Calendar Year (CY) 2024, by 20 basis
estimated to grow at 6.3%. points (bps) to 6.9% from the earlier projection of
6.7%. Goldman Sachs has projected India’s GDP
growth at 6.8% for the current fiscal (FY2024-25).
India Received Maximum FDI from Singapore
Followed By Mauritius in FY24: GoI data
According to the latest data released by Department
for Promotion of Industry and Internal Trade (DPIIT),
Ministry of Commerce and Industry, Government of

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TotalEnergies Inked LNG Deals with IOC signed agreements with Indian Public Sector
Limited and Korea South-East Power for Enterprise (PSE), Indian Oil Corporation Limited
(IOCL)and Korea South-East Power Co Ltd for the
Supply of LNG
supply of Liquefied Natural Gas (LNG) over a medium
On 4th June 2024, French energy major TotalEnergies
to long term period.

AWARDS & RECOGNITIONS

Reliance, Tata Group & Serum Institute richest globally, with a net worth of USD 111 billion.
Featured on TIME100 Most Influential With this, he has reclaimed the title of Asia's richest
person after a surge in the stock prices of his
Companies 2024
conglomerate's companies.
Three Indian Companies namely Reliance Industries
✓ This surge enabled him to overtake
Limited (RIL), Tata Group and Serum Institute of India
Mukesh Ambani, Chairman and Managing
(SII) are featured on the “TIME100 Most Influential
Director (CMD) of Reliance Industries Limited
Companies 2024” published by TIME, the New York
(RIL), who ranked 12th with a net worth of
based American Magazine.
USD 109 billion.
✓ This is the 4th edition of TIME’s annual list
featuring world’s most Most Influential
Companies. C-DOT Won UN’s WSIS 2024 ‘Champion’
✓ RIL and Tata Group are been featured under Award at Geneva, Switzerland
the “Titans” category and SII is featured The Centre for Development of Telematics (C-DOT)
under the “Pioneer” category. has won the United Nations World Summit on the
Information Society (UN’s WSIS) 2024 ‘Champion’
Bloomberg Billionaires Index: Gautam Adani Award at the WSIS+20 Forum in Geneva, Switzerland.
The award was given for the project ‘Mobile-Enabled
Ranked 11th Richest Globally & Became
Disaster Resilience through Cell Broadcast
Asia's Richest Person Emergency Alerting’ which was recognised under
According to the Bloomberg Billionaires Index (as of Artificial Intelligence (AI), Category - 7 (C-7), E-
1st June 2024), Gautam Adani, the Founder and environment, in the category of ‘Benefits in all aspects
Chairman of the Adani Group is now ranked the 11th of life – E-environment’.

APPOINTMENTS & RESIGNATIONS

India First Time Takes Over the Pakistan, the Philippines, Sri Lanka, Thailand,
Chairmanship of the Colombo Process For Vietnam and Cambodia.

2024-2026
India has taken over the chairmanship of the Colombo IRDAI Approves Appointment of Sandeep
Process for the term (2024 - 2026). It is the first time Batra as ICICI Prudential Board Chairman;
that India has assumed the chairmanship of the Incumbent M. S. Ramachandran Set to Retire
Colombo Process since its inception in 2003. The The Insurance Regulatory and
Colombo Process has 12 member states of Asia and 8 Development Authority of India
observer states. (IRDAI) has approved the
✓ The 12 Member States are: Afghanistan, appointment of Sandeep Batra,
Bangladesh, China, India, Indonesia, Nepal, as Chairman of the Board of

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Directors of ICICI Prudential Life Insurance Company Claudia Sheinbaum Pardo Elected as 1st
Limited (ICICI Prudential Life), effective from 30 June Female President of Mexico
2024.
Claudia Sheinbaum Pardo of the
✓ He will replace the incumbent M S
Morena party, has been elected as
Ramachandran, who is set to retire as
the first Female President of the
Chairman of the Board on 30 June 2024
United Mexican States (Mexico).
She will succeed her political
India’s 1st UN Woman Permanent mentor, Andrés Manuel
Representative Ruchira Kamboj Retires López Obrador, who has been serving as the President
Ambassador Ruchira Kamboj, of Mexico since 2018.
India's first Woman Permanent ✓ She will officially sworn-in as the 66th
Representative(PR) to the United President of Mexico for a 6-year term on 1st
Nations (UN), retired after over October 2024.
35 years of distinguished service. ✓ In 2006, She joined the United Nations(UN)’s
She served as India’s PR to the Intergovernmental Panel on Climate Change
UN in New York, the United (IPCC), which later won the Nobel Prize for
States of America(USA) from August 2022 to June Peace in 2007.
2024.
✓ She has also served as the Ambassador to the SC Reconstitutes Gender Sensitisation and
United Nations Educational, Scientific and Internal Complaints Committee, Appoints
Cultural Organization (UNESCO) from 2014 to
Justice Hima Kohli as Chairperson
2017.
The Supreme Court of India (SC)
re-constituted Gender
Businesswoman Halla Tomasdottir Elected Sensitisation and Internal
as New President of Iceland Complaints Committee
Icelandic businessperson, Halla (GSICC). Justice Hima Kohli has
Tómasdóttir, an Independent been appointed as Chairperson to
Candidate, has became the 7th head the committee.
President of Iceland by winning ✓ The appointments have been made by the
the 2024 presidential election Chief Justice of India (CJI) Dr. DY Chandrachud
with 34.3% of the votes. Halla in exercise of powers conferred by Clause 4(2)
Tomasdottir take over as of the Gender Sensitisation & Sexual
President of Iceland on 1st August 2024. Harassment of Women at the SC of India
✓ She will succeeds Guðni Thorlacius (Prevention, Prohibition & Redressal)
Jóhannesson, who has been serving as the 6th Regulations, 2013.
President of Iceland since 2016.
Sheikh Sabah Khaled Al-Hamad Al-Mubarak
Al-Sabah Sworn in As Crown Prince of
Kuwait
Sheikh Sabah Khaled Al-Hamad Al-Mubarak Al-Sabah
was officially sworn in as the Crown Prince of Kuwait
before the Emir Sheikh Meshal Al-Ahmad Al-Jaber Al-
Sabah(head of state of Kuwait). He has served as
Kuwait's Prime Minister (PM) from 2019 to 2022 and
Kuwait's Foreign Minister from 2011 until 2019.

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 ACQUISITIONS & MERGERS

Shinhan Bank Receives CCI Approval To

Acquire 11% Stake in HDFC Credila CCI Approved Acquisition in IRB
Competition Commission of India (CCI) approved the Infrastructure Trust & MMK Toll Road Pvt
acquisition of up to approximately 11% shareholding Ltd by Cintra
by South Korea Based Shinhan Bank Co., Ltd. in HDFC
Competition Commission of India (CCI) approved the
Credila Financial Services Limited (HDFC Credila) by
proposed combination involving the acquisition of IRB
way of subscription to shares of HDFC Credila.
Infrastructure Trust (Private InvIT- Infrastructure
✓ HDFC Credila Financial Services Limited is the
Investment Trust) and MMK Toll Road Private Limited
Reserve Bank of India (RBI) registered non-
by Cintra.
deposit taking Non-Banking Financial
CCI has approved the proposed combination involving
Company (NBFC) which provides education
the acquisition by IRB Infrastructure Trust (IRB) in
loans in India and overseas.
Meerut Budaun Expressway Limited (MBEL).
✓ The CCI has also granted approval for Matrix
Pharma Private Limited to acquire 100%
stake in Tianish Laboratories Private Limited. RBI Approves Zurich Insurance's 70%
Acquisition of Kotak General For Rs 5,560
crore
The Reserve Bank of India (RBI) has approved Zurich
Insurance Company Limited’s proposed acquisition of
a 70% stake in Kotak Mahindra General Insurance
Company Limited (KGI) (Target) for a total
consideration of approximately Rs 5,560 crore.

PNB Approved Diluting 10% Stake in Canara

HSBC Life Insurance Company
LIC Raises its Stake in PI Industries On 4th June 2024, The Board of Directors of Punjab
Life Insurance Corporation of India (LIC) of India has National Bank (PNB) approved the initiation of process
increased its stake in an agrochemical firm PI of diluting 10% shareholding its associate company
Industries Limited from 4.95% (75,19,910) to Canara HSBC Life Insurance Company Limited by
5.00% (75,91,910)equity shares of the paid capital. listing the company in stock exchanges through an
Initial Public Offering (IPO).

SCIENCE & TECHNOLOGY

China Launched Pakistan’s Multi-Mission ✓ PakSAT-MM1, a part of Pakistan’s National

Communication Satellite - PakSAT-MM1 Space Programme 2047, aims to enhance
internet services across Pakistan. PakSAT-
China successfully launched Pakistan’s multi-mission
MM1 was developed by China Academy of
communication satellite, named PakSAT-MM1, from
the Xichang Satellite Launch Center in China's Space Technology (CAST), a subsidiary of
China Aerospace Science and Technology
southwestern province of Sichuan using a Long
Corporation (CASC).
March-3B (LM-3B) carrier rocket.

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China's Chang'e-6 Lunar Probe Soft Landed ESA Launched EarthCARE to Study the Role
on Moon's Far Side & Takes Off With 1st of Clouds & Aerosols in Earth’s Climate
Samples From Lunar Far Side The European Space Agency (ESA) launched
China National Space Administration's (CNSA) EarthCARE (Earth Cloud Aerosol and Radiation
Chang'e-6 lunar probe made a soft landing on the Explorer) satellite onboard SpaceX’s Falcon 9 rocket
moon's far side to collect and return samples from from the Vandenberg Space Force Base in California,
the rarely explored far side of the moon, a first of its the United States of America (USA).
kind in human lunar exploration history. ✓ EarthCARE, a joint venture between ESA and
✓ Chang'e-6 with the support of the Queqiao-2 the Japan Aerospace Exploration Agency
relay satellite landed in the South Pole-Aitken (JAXA), will study how clouds and aerosols
(SPA) Basin, specifically the Apollo Basin affect Earth's climate.
crater.
✓ China is the only country to achieve a soft Boeing Starliner Launches NASA Astronauts
landing on the far side of the moon and into Space for 1st time with Indian-origin
Chang’e 6 is a robotic, not crewed, mission.
Astronaut Sunita Williams
Boeing’s Starliner spacecraft lifted off to space on its
‘PraVaHa’: ISRO Develops CFD Software For maiden voyage to the International Space Station (ISS)
Aerodynamic Design and Analysis with 2 National Aeronautics and Space Administration
The Indian Space Research Organisation (ISRO) has (NASA) astronauts Butch Wilmore and Sunita
developed the Computational Fluid Dynamics (CFD) Williams. The astronauts are in orbit on the 1st
software named Parallel RANS Solver for Aerospace crewed flight test for the ISS.
Vehicle Aero-thermo-dynamic Analysis (PraVaHa). ✓ The astronauts lifted off on a United Launch
This software was developed at ISRO’s Vikram Alliance (ULA) Atlas V rocket from Space
Sarabhai Space Centre (VSSC), Trivandrum, Kerala. Launch Complex-41 at Cape Canaveral Space
✓ PraVaHa code is operational to simulate Force Station in Florida, the United States of
airflow for Perfect Gas & Real Gas conditions America (USA).
and the validations of the code are underway ✓ Indian Origin American Sunita Williams is the
for simulating the effect of chemical reactions 1st female astronaut to fly on the 1st flight of
that occur during air dissociation upon ‘earth a crewed mission of Boeing Starliner.
re-entry’ and ‘combustion’ as in scramjet ✓ The launch is part of NASA's Boeing Crew
vehicles. Flight Test, to validate and certify the crew
system for operational crewed rotation
missions to the ISS.

ENVIRONMENT

Paraparatrechina neela: New Blue Ant which signifies the colour blue in most Indian
Species Discovered From Siang Valley in languages, was derived from its unique blue
colouration. It is easily distinguishable from all known
Arunachal Pradesh
species of Paraparatrechina by its metallic-blue body.
Researchers have discovered a new ant species
✓ This discovery marks the 1st new species of
named Paraparatrechina neela in Arunachal
Paraparatrechina in 121 years.
Pradesh’s remote Siang Valley. The name neela,

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 SPORTS

Boxing Federation of India quits IBA and Cheng Kai and Noah Hasse and
Men’s
Joins World Boxing Wei Cheng Su Dyon van Wijlick
Doubles
(Chinese Taipei) (Netherlands)
The Boxing Federation of India (BFI) has parted ways
with the suspended International Boxing Association Yasemen Bektas Yi En Hsieh and Ruo
Women’s
(IBA) and became a member of World Boxing with the and Zehra Erdem Hsuan Ko (Chinese
Doubles
aim to reduce the threat to boxing’s Olympic future. (Türkiye) Taipei)
✓ The decision was taken after the International Alden Lefilson
Olympic Committee (IOC) warned the national Putra Mainaky
federation to leave boxing out of the 2028 Los and Fitriani Emren Sonmez and
Angeles Olympics if they continued to be a Mixed Fitriani Yasemen Bektas
part of the International Boxing Association Doubles (Indonesia) (Türkiye)
(IBA).
✓ The IOC had de-recognised the IBA in Taiwan Athletics Open 2024: India won 7
2019 due to continuous financial, sports Medals Including 3 Gold
integrity, and governance issues. Indian contingents won 7 medals including 3 Gold, 3
Silver and 1 bronze at the Taiwan Athletics Open
Dinesh Karthik officially announces 2024 held in Taipei Municipal Stadium, Taipei City,
retirement from all forms of cricket Taiwan from 1st to 2nd June 2024.
India wicketkeeper-batter Dinesh Karthik officially ✓ Indian athlete Nayana James won the gold
announced his retirement from all forms of cricket on medal in the women’s long jump event with a
June 1,2024 after playing for India for 20 years. 6.43m jump.
✓ The Tamil Nadu cricketer has represented ✓ Indian track and field athlete Devarakeshavi
India in 180 games across three formats in Prakasha (DP) Manu won the gold medal in
which he scored 3463 runs with a lone Test the men’s javelin throw event by recording a
hundred and 17 half-centuries. He also has distance of 81.58 meters.
172 dismissals in his name along with a total Indian Winners at Taiwan Athletics Open 2024:
of 151 catches and 21 stumpings. Category Indian Player Medal
Women’s Long Jump Nayana James Gold
Devarakeshavi
Badminton: India’s Tanvi Sharma won Men’s Javelin Throw Gold
Prakasha Manu
Women’s’ Singles Title at Yonex Bonn Men’s 800 meters Ankesh Choudhary Gold
International 2024 Men’s 800 meters Somnath Chouhan Silver
Indian shuttler Tanvi Sharma (15 years old) won the Men’s Pole Vault Dev Kumar Meena Silver
Women’s Singles title at the Yonex Bonn Women’s 100
International 2024 by defeating Wang Pei Yu of Nithya Ramraj Silver
meters hurdles
Chinese Taipei. Cheng Kai of Chinese Taipei won the Women’s 400 Velluva Koroth
Men’s Singles title by defeating Gustav Bjorkler Bronze
meters Vismaya
(Sweden).
Result of Yonex Bonn International 2024:
Kedar Jadhav Announces Retirement From
Category Winner Runner-Up
Men’s Cheng Kai Gustav Bjorkler All Forms Of Cricket
Singles (Chinese Taipei) (Sweden) On June 3 2024, Kedar Jadhav, Indian cricketer has
Women’s Tanvi Sharma Wang Pei Yu announced his retirement from all forms of cricket at
Singles (India) (Chinese Taipei) the age of 39. In total, the Maharashtra player has

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played 73 one-day matches, scoring 1,389 runs at an
average of 42.09 with two centuries and six fifties.

OBITUARY

Padma Shri Awardee & Renowned 88 in Keonjhar, Odisha. He was born in 1937 at
Puppeteer Maguni Kuanr Passed Away Keonjhar, Odisha.
✓ Maguni Kuanr received the prestigious
Padma Shri Awardee Maguni Charan Kuanr, a
‘Padma Shri’ award (field of art) in 2023 by
renowned Puppeteer has passed away at the age of
Droupadi Murmu, President of India.

BOOKS & AUTHORS

-------------

IMPORTANT DAYS

World No-Tobacco Day 2024 - May 31 inalienable rights and resources of the peoples of the
World No-Tobacco Day (WNTD) is annually observed Non-Self-Governing Territories, including land.
across the globe on 31st May to draw attention to the ✓ The first-ever International Week of Solidarity
global tobacco epidemic, and the preventable death with the Peoples of Non-Self-Governing
and disease caused by tobacco. The observance of Territories was observed from 25th to 31st
WNTD is led by the World Health Organisation (WHO). May 2000.
✓ The theme of WNTD 2024 is “Protecting
children from tobacco industry interference”. World Multiple Sclerosis Day 2024 - May 30
2024 World No Tobacco Day Awards: World Multiple Sclerosis (World MS) Day, an
✓ Odisha State Tobacco Control Cell, Republic international awareness day is annually observed
of India is among the winners under the WHO across the globe on 30 May to raise awareness about
South-East Asia Region (SEAR) for its Multiple Sclerosis, a long-lasting (chronic)
exceptional contributions to tobacco control. autoimmune disease of the central nervous system
Click here for the Complete list of recipients of (brain and spinal cord), and campaign with everyone
the 2024 WNTD Awards affected by MS.
✓ Indian badminton player PV Sindhu was ✓ The theme for World MS Day 2024-2025 is
designated as the brand ambassador for "Diagnosis" under the campaign name "My
Tobacco Control to motivate young children MS Diagnosis" and the tagline is "Navigating
and youth to steer clear of tobacco in all MS Together".
forms ✓ The 1st World MS Day was observed in 2009.

International Week of Solidarity with the World Milk Day 2024 - June 01
Peoples of Non-Self-Governing Territories World Milk Day (WMD) is annually observed across
2024 - 25 to 31 May the globe on 1 June to highlight milk's significance as a
The United Nations (UN) International Week of global food, bring attention to activities connected
Solidarity with the Peoples of Non-Self-Governing with the dairy sector, and actively encourage milk and
Territories is annually observed across the globe from dairy consumption as part of a daily diet.
25th to 31st May to protect and guarantee the

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 ✓ The annual observance of WMD is led by the the pain suffered by children worldwide who are
Food and Agriculture Organisation (FAO) of victims of physical, mental, and emotional abuse.
the United Nations (UN). ✓ The first-ever International Day of Innocent
✓ The first-ever WMD was observed on 1 June Children Victims of Aggression was observed
2001. on 4 June 1983.

Global Day of Parents 2024 - June 1 World Environment Day 2024 - June 5
The United Nations (UN)’s Global Day of Parents is The United Nations (UN) World Environment Day
annually observed across the globe on 1st June, to (WED) is annually observed across the globe on 5 June
honour and appreciate all parents throughout the to emphasise the critical importance of environmental
world for their selfless commitment to children and protection and health.
acknowledge their lifelong sacrifice in nurturing their ✓ The 2024 theme of the WED campaign is,
relationship. "Land Restoration, Desertification and
✓ The theme of Global Day of Parents 2024 is Drought Resilience" under the slogan “Our
“The Promise of Playful Parenting”. land. Our future. We are
✓ The first-ever Global Day of Parents was #GenerationRestoration.”
observed on 1st June 2013. ✓ The first-ever World Environment Day was
observed on 5 June 1973.
International Sex Workers' Day 2024 - June 2
International Sex Workers’ Day, also known as International Day for the Fight Against
International Whores’ Day is annually observed Illegal, Unreported and Unregulated Fishing
across the globe on 2 June to recognise and honour 2024 - June 5
sex workers globally and raise awareness about the
The United Nations (UN)’s International Day for the
issues sex workers face and about their exploited
Fight Against Illegal, Unreported, and Unregulated
working conditions.
(IUU) Fishing is annually observed across the globe on
✓ Each year, International Sex Workers' Day is
5th June to address the issue of IUU fishing activities,
commemorated by the Global Network of Sex
one of the greatest threats to marine ecosystems.
Work Projects (NSWP), focusing on the ✓ 5th June 2024 marks the observance of the
theme, "Access to Justice."
7th International Day for the Fight Against
IUU Fishing.
World Bicycle Day 2024 - June 3 ✓ The first-ever UN recognised International
The United Nations (UN) World Bicycle Day is Day for the Fight Against IUU Fishing was
annually observed across the globe on 3 June to raise observed on 5th June 2018.
awareness of the Bicycle, a clean and environmentally
fit sustainable transport system that promotes UN Russian Language Day 2024 - June 6
economic growth and reduces inequalities.
The United Nations (UN)’s Russian Language Day is
✓ The first-ever UN-designated World Bicycle
annually observed across the globe on 6th June to
Day was observed on 3 June 2018.
highlight the significance of the Russian language as a
symbol of national identity and cultural heritage and
International Day of Innocent Children honour the richness and beauty of the Russian
Victims of Aggression 2024 - June 4 language.
The United Nations (UN) International Day of ✓ The day marks the birth anniversary of the
Innocent Children Victims of Aggression is annually great Russian poet, novelist, and playwright
observed across the globe on 4 June to acknowledge Alexander Sergeevich Pushkin (1799 to 1837),
the father of modern Russian literature.

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 ✓ 6th June 2024 marks the 225th birth challenges and protecting public health, food safety,
anniversary of Alexander Sergeevich Pushkin. and ensuring a safe, pest-free environment.
✓ The 2024 theme of World Pest Day is, "Global
World Pest Day 2024 - June 6 Solutions, Local Impact: Mapping Success in
Pest Management."
World Pest Day is annually observed across the globe
✓ The 1st World Pest Day was observed on 6
on 6 June to raise awareness about the critical role of
pest management in addressing pest-related June 2017.

STATE NEWS
------

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 Current Affairs Weekly PDF – June 2024 – 2nd Week
(8–17)

NATIONAL AFFAIRS

MoM Signs MoU with Central TB Division To and the other Ministers shall be appointed by
Collaborative On Tuberculosis Elimination by the President on the advice of the PM.
✓ PM Narendra Modi has retained Amit Shah,
2025
Rajnath Singh, Nirmala Sitharaman and
The Ministry of Mines (MoM) has signed a
Subrahmanyam Jaishankar of Home,
Memorandum of Understanding (MoU) with Central
Defence, Finance and External Affairs
Tuberculosis (TB) Division of Ministry of Health &
respectively in his new government.
Family Welfare (MoHFW) for collaborative and
Click here to read full News
convergent action towards elimination of TB in India
by 2025.
✓ This partnership aims for collaborative field Sub-Lieutenant Anamika Rajeev Becomes
actions like webinars and other awareness- Indian Navy's 1st Woman Helicopter Pilot
building initiatives under the National TB Sub-Lieutenant Anamika B. Rajeev has become the
Elimination Programme (NTEP) by engaging first woman helicopter pilot in the Indian Navy after
the Central Public Sector Enterprises (CPSEs), she joined the ranks of a pilot for the Indian Navy
attached offices, subordinate offices and helicopters. Lieutenant Jamyang Tsewang, the first
autonomous bodies of the MoM. Commissioned Naval Officer from the Union Territory
(UT) of Ladakh, also graduated as a qualified
18th Lok Sabha: Narendra Modi takes Oath helicopter pilot.

as PM for the 3rd term; along with 71

Ministers NITI Aayog Launched Two Initiatives under
Narendra Modi(73-year-old), leader of the Bhartiya Atal Innovation Mission (AIM) to foster
Janta Party (BJP), was sworn in as the Prime innovation
Minister(PM) of India for the third consecutive term National Institution for Transforming India
(2024 to 2029). (NITI Aayog) launched the “AIM-ICDK Water
✓ Droupadi Murmu, President of India, Challenge 4.0” and the 5th edition of “Innovations for
administered the oath of office to PM Modi, You” under its flagship program, Atal Innovation
along with 71 ministers, at a grand ceremony Mission (AIM).
on the forecourt of Rashtrapati Bhavan, New ✓ It is the 4th edition of the open innovation
Delhi, Delhi. water challenge. AIM developed this initiative
✓ PM Narendra Modi is only the second Indian in partnership with the Innovation Centre
PM after Jawaharlal Nehru to retain power for Denmark (ICDK) at the Royal Danish Embassy
a 3rd five-year term. in India.
✓ Article 74 in the Constitution of India states ✓ It is a coffee table book series which highlights
that there shall be a Council of Ministers with the endeavors of Sustainable Development
the PM at the head to aid and advise the Goal (SDG) Entrepreneurs in India.
President who shall, in the exercise of his
functions, act in accordance with such advice.
✓ Article 75 of the constitution states that Prime
Minister shall be appointed by the President

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IMD & ONAMET of Dominican Republic (MoU) with the National Meteorological Office
Signed MoU to Enhance Meteorological (Oficina Nacional de Meteorología - ONAMET) of the
Dominican Republic.
Capabilities
✓ The MoU aims to enhance technical capacities
India Meteorological Department(IMD), under the
at ONAMET for better forecasting and
Ministry of Earth Sciences(MoES), Government of
monitoring of meteorological phenomena in
India(GoI), signed a Memorandum of Understanding
the Dominican Republic.

INTERNATIONAL AFFAIRS

India Participated in the Inaugural IPEF Clean amounts to around 181 million children under 5 years
Economy Investor Forum held in Singapore of age.
India participated in the inaugural Indo-Pacific ✓ Child food poverty is measured using the
UNICEF and World Health Organization (WHO)
Economic Framework for Prosperity (IPEF) Clean
dietary diversity score.
Economy Investor Forum held in Singapore from 5th
✓ Of the 181 million children, 65% of affected
to 6th June 2024.
children live in 20 countries (including India),
The Indian delegation to the forum was led by Sunil
with high numbers in South Asia (around 64
Barthwal, Secretary (Commerce) of the Ministry of
million) and Sub-Saharan Africa (59 million).
Commerce and Industry(MoCI).
✓ This first-of-its-kind Forum identified a total
of 69 sustainable infrastructure projects UN Report: Global Public Debt Reached a
amounting to over USD 23 billion of Record of USD 97 Trillion in 2023
investment opportunities. According to the United Nations (UN) assessment
✓ During the inaugural IPEF Investor Forum, report, “ A World of Debt 2024: A Growing Burden to
the IPEF partners and the Private Global Prosperity,” the global public debt (both
Infrastructure Development domestic and external borrowing by governments)
Group announced the operational launch of has reached USD 97 trillion in 2023, an increase of
the IPEF Catalytic Capital Fund. USD 5.6 trillion compared to 2022.
✓ The founding supporters of the fund, ✓ The report was prepared by the Global Crisis
Australia, Japan, the Republic of Korea, and Response Group technical team at the UN
the USA, will provide USD 33 million in initial Trade and Development (UNCTAD), under the
grant funding to boost up to USD 3.3 billion in leadership of Secretary-General Rebeca
private investment. Grynspan.
✓ 10 Indian companies among the Top 100 ✓ Developing countries account for 30% of the
Climate Tech Startups Selected by IPEF total global debt, with their debt growth rate
doubling that of developed nations.
UNICEF Child Nutrition Report 2024: 1 in 4
Children Globally Live in Severe Child Food WMO Climate Update (2024-2028): Global
Poverty Temperature Likely to Temporarily Exceed
According to the United Nations Children’s Fund 1.5°C in Next 5 Years
(UNICEF)’s 2024 Child Nutrition Report titled “Child According to the World Meteorological Organization
Food Poverty: Nutrition Deprivation in Early (WMO) annual report, “WMO Global Annual to
Childhood”, globally, 1 in 4 children (27%) are living in Decadal Climate Update (2024-2028)”, there is an 80%
severe child food poverty in early childhood, this chance that the average global temperature will

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temporarily exceed 1.5°C above pre-industrial levels Diego, California, the USA during the BIO
for at least one of the next 5 years (2024-2028). International Convention 2024, the world’s
✓ Predictions of the global mean near-surface largest Biopharmaceutical exhibition held
temperature indicate a range of 1.1 degree from 3rd to 6th June 2024.
Celsius (°C) to 1.9°C above the 1850-1900 ✓ South Korea (officially known as the Republic
baseline for each year from 2024 to 2028. of Korea - ROK) and the USA decided to form
✓ Under the Paris Agreement, countries agreed an alliance during the ROK-USA Next
to keep the long-term global average surface Generation Critical and Emerging
temperature well below 2°C above pre- Technologies (CET) Dialogue held in Seoul,
industrial levels and pursue efforts to limit the South Korea in December 2023 and expanded
temperature to 1.5°C by the end of this it to include India, Japan and the EU.
century.
✓ The chance of 1.5°C exceedance (above the
pre-industrial era) over the 2024-2028 period
rises to 47%.

Peru & Slovakia Becomes the 41st and 42nd

Signatories to the Artemis Accords
On 30th May 2024, Peru and Slovakia officially
became the 41st and 42nd nation to sign the National
Aeronautics and Space Administration (NASA)’s
‘Artemis Accords’, which establish a practical set of
guidelines for peaceful space exploration and use of
outer space.
✓ On 19th April 2024, Slovenia became the
39th country to sign the Artemis Accords
during a US-Slovenia strategic dialogue in
Ljubljana, Slovenia. On 15th May 2024(in
conjunction with Vilnius Space Days), Russian Cosmonaut Oleg Kononenko
Lithuania became the 40th nation to sign the Becomes the First Person To Spend
NASA’s Artemis Accords. 1,000 Cumulative Days in Space
✓ The Artemis Accords was jointly launched by Oleg Dmitriyevich Kononenko, a Russian Cosmonaut
NASA and US Department of State in 2020 has become the first person to spend 1,000
with an aim of advancing bilateral and Cumulative days in space. He currently works at the
multilateral space cooperation between the International Space Station (ISS). He first took the
signatories. cumulative space time record in February 2024, when
he surpassed the total of 878 days, 11 hours, 29
India, South Korea, USA, Japan & EU minutes, and 48 seconds set by fellow Russian
Gennady Padalka in 2015.
Launches Biopharmaceutical Alliance
India, South Korea, Japan, the United States of
America (USA), and the European Union (EU) VCTPL Featured into Top 20 Rankings in
launched an alliance to put joint efforts to build a World Bank’s CPPI 2023
resilient supply chain in the Biopharmaceutical According to the World Bank’s Container Port
sector. Performance Index (CPPI) 2023, Visakhapatnam
✓ The inaugural meeting of the Container Terminal Private Limited (VCTPL), a wholly-
Biopharmaceutical Alliance, took place in San owned subsidiary of JM Baxi Ports & Logistics , in

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Visakhapatnam, Andhra Pradesh (AP), is the only IEA’s World Investment Report 2024: Global
Indian Port to be featured into the Top 20 rankings. Investment in Clean Energy to Reach USD 2
VCTPL has overall secured 19th position in the CPPI
Trillion is twice that of Fossil Fuels in 2024
rankings, Followed by Mundra Port, India’s largest
According to the annual report “World Energy
Private Port (in Gujarat) was ranked at 27th position.
Investment Report 2024” released by the
The CPPI 2023: Top 4 (India)
International Energy Agency (IEA), global investment
CPPI Rank Port
in clean energy technology and infrastructure is
Visakhapatnam Port
19 expected to achieve USD 2 trillion in 2024 which is
(Andhra Pradesh)
twice the amount going to fossil fuels.
27 Mundra Port(Gujarat)
41 Pipavav Port (Gujarat)
Kamarajar Port
47
(Chennai, Tamil Nadu)
The CPPI 2023: Top 5 (Global)
Rank Port (Country)
1 Yangchan Port (China)
2 Port of Salaah (Oman)
Port of Cartagena
3
(Columbia)
Port of Tanjung
4
Pelepas(Malaysia)
5 Chiwan Port (China)

India Participated in BRICS Foreign Ministers

Meeting in Russia
India participated in the BRICS (Brazil, Russia, India,
China and South Africa) Foreign Ministers meeting
Pixxel, Sarvam AI, Nirmai Health
hosted by Russia, the current chair of BRICS, in Nizhny Analytix Among 10 Indian Startups in WEF’s
Novgorod, Russia. The meeting was chaired by Sergey Technology Pioneer 2024 List
Lavrov, Foreign Minister, Russia. According to the World Economic Forum (WEF’s)
✓ The Indian delegation at the BRICS Foreign Technology Pioneers 2024 list, Pixxel, Sarvam AI,
Ministers meeting was led by Dammu Ravi, Niramai Health Analytix are among the 10 Indian
Secretary (Economic Relations), Ministry of startups which are featured in the list. Majority of
External Affairs (MEA). these Indian startups are Artificial Intelligence (AI)
✓ Russia took over the chairmanship of 2024 focused.
BRICS on 1st January 2024. ✓ The list comprises 9 space companies which
✓ During the 15th BRICS Summit held in 2023, include Pixxel from India, 4 neurotechnology
Argentina, Egypt, Ethiopia, Iran, Saudi Arabia technology startups and 4 startups in clean
and the United Arab Emirates(UAE) were technology sector including AmpereHour
invited to become members of BRICS. Energy and International Battery Company
from India.
✓ The list featured total 100 leading tech
startups from 23 countries .

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WEF’s Global Gender Gap Index 2024: India at 2nd and 3rd spot. Previously, India was
Ranks 129th; Iceland on Top ranked 180th in the EPI 2022 and 168th in the
EPI 2020.
According to the World Economic Forum(WEF)’s
✓ EPI is a biennial index released by the Yale
Global Gender Gap Report 2024, India closed 64.1% of
Center for Environmental Law & Policy and
its gender gap in 2024 with a population of over 1.4
the Center for International Earth Science
billion and secured the 129th rank among 146
countries in the Global Gender Gap Index 2024. Information Network Earth Institute,
Columbia University with support from The
✓ Iceland has topped the 2024 Index followed
McCall MacBain Foundation.
by Finland and Norway in 2nd and 3rd
positions respectively. Top 5 countries:
✓ The 2024 Index, the 18th edition of the Global EPI 10-year
Rank Country
Gender Gap Index, benchmarks gender parity Score Change
across 146 economies, providing a basis for 1 Estonia 75.3 17.3
the analysis of gender parity developments 2 Luxembourg 75 4.1
across two-thirds of the world’s economies. 3 Germany 74.6 4.4
For the first time Sudan and Uzbekistan are 4 Finland 73.7 8.3
included in the index. United
5 72.7 2.1
Top 5 on Global Gender Gap Index 2024: Kingdom
Bottom 5 countries:
Rank Country Score 0-1
EPI 10-year
129 India 0.641 Rank Country
Score change
1 Iceland 0.935 176 India 27.6 4.6
2 Finland 0.875 177 Myanmar 26.9 -2.7
3 Norway 0.875 178 Laos 26.1 1
4 New Zealand 0.835 179 Pakistan 25.5 -3.9
5 Sweden 0.816 180 Viet Nam 24.5 -4.6

JIMEX 24: 8th Japan-India Maritime Exercise India Becomes the Most Represented Nation
Commenced in Japan in THE University Impact Rankings 2024
Japan–India Maritime Exercise 2024 (JIMEX-24), the India has become the most represented nation in the
8th edition of bilateral exercise between the Indian Times Higher Education (THE) University Impact
Navy (IN) and Japan Maritime Self-Defense Rankings 2024 with 96 entries. Amrita Vishwa
Force(JMSDF), commenced at Yokosuka, Japan. Vidyapeetham in Coimbatore, Tamil Nadu(TN),
✓ IN is being represented by its indigenous ranked 81st, tops among the Indian Universities
Stealth Frigate Indian Naval Ship (INS) featured on the list.
Shivalik. JMSDF is being represented by ✓ India is followed by Türkiye with 91
guided missile destroyer “JS Yugiri”. universities and Pakistan with 89 universities
respectively.
Environment Performance Index 2024: India Top 5 Universities:
Ranks 176 out of 180 Countries Name of
Overall
According to the 2024 Environment Performance Rank the Country
score
Index (EPI), India is ranked 176th out of 180 countries Institution
with an EPI score of 27.6, surpassing only Pakistan, Western
Viet Nam, Laos, and Myanmar. 1 Sydney Australia 99.7
✓ Estonia topps the 2024 EPI with an EPI score University
of 75.3 followed by Luxembourg and Germany

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 University Higher
United
2 of 98.5 Education(MAHE)
Kingdom
Manchester Shoolini
University University of
Bajhol,
2 of Australia 98.5 Biotechnology
Himachal
Tasmania and
Pradesh
Aalborg Management
4 Denmark 98
University Sciences
RMIT
5 Australia 97.7
University UNHCR Report: Forced Displacement Rose to
Top 5 Indian Institutes: 120 Million by the End of April 2024
Name of the Overall The report titled “Global Trends Forced Displacement
Rank Location
Institution score in 2023” published by the United Nations High
Coimbatore, Commissioner for Refugees(UNHCR), states that the
Amrita Vishwa
81 Tamil 90.3 forced displacement has increased to 120 million by
Vidyapeetham
Nadu(TN) the end of April 2024. An estimated 117.3 million
JSS Academy of people remained forcibly displaced at the end of
Musuru,
Higher Education 2023.
Karnataka
and Research ✓ Iran (3.8 million) hosts the largest refugee
101- Lovely 84.0- population followed by Türkiye (3.3 million),
Phagwara,
200 Professional 89.1 Colombia (2.9 million), Germany (2.6 million)
Punjab
University(LPU) and Pakistan (2 million).
Manipal Manipal, ✓ Syria holds the record as the world’s largest
Academy of Karnataka displacement crisis, with 13.8 million forcibly
displaced in and outside the country.

BANKING & FINANCE

SEBI Introduced Financial related lapses depending upon annual

Disincentives Framework for MIIs for turnover of MIIs.
✓ If the annual turnover of MII is greater than
Surveillance-Related Lapses in Stock Markets
Rs 1000 crore, penalty for 1st, 2nd and 3rd
The Securities and Exchange Board of India
instance will Rs 25 lakh, Rs 50 lakh and Rs
(SEBI) introduced a framework for Financial
1crore respectively.
Disincentives For Surveillance Related Lapses (FDSRL)
✓ If the annual turnover of MII is less than Rs
for Market Infrastructure Institutions (MIIs) including
1000 crore and up to Rs 300 crore, penalty for
stock exchanges, clearing corporations and
1st, 2nd and 3rd instance will Rs 5 lakh, Rs 10
depositories in case of surveillance-related lapses in
lakh and Rs 20 lakh respectively.
stock markets.
✓ If the annual turnover of MII is less than Rs
✓ The framework has a provision to impose
300 crore, penalty for 1st, 2nd and 3rd
penalty on MIIs from 1 lakh to Rs 1 crore for
instance will Rs 1 lakh, Rs 2 lakh and Rs 4 lakh
each instance of surveillance related lapse
respectively.
during the Financial Year. The framework will
come into effect from 1st July 2024.
✓ The framework has introduced penalties for
1st, 2nd and 3rd instance of surveillance-

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PhonePe Partners with PickMe To Enable chairmanship of A.P. Hota, former MD & CEO,
UPI Payments For Indian Tourists in Sri Lanka National Payments Corporation of India
(NPCI) to look into the aspects of the digital
PhonePe, a leading Fintech firm has partnered with
public infrastructure for the intelligence
PickMe, Sri Lankan ride-hailing platform to enable
platform.
Unified Payments Interface (UPI)-based payments for
✓ Inclusion of recurring payments for Fastag,
Indian travellers in Sri Lanka. This partnership
advances the travel experience for Indian tourists by NCMC, etc. with auto-replenishment facility
under the e-mandate framework
providing the ease of cashless transactions on PickMe
✓ The Reserve Bank of India (RBI) has
rides from the moment they exit Bandaranaike
International Airport, Sri Lanka. announced the 3rd edition of its hackathon
called ‘HaRBInger 2024 – Innovation for
Transformation’.
Highlights of RBI’s 2nd Bi-Monthly MPC
Meeting 2024 – RBI Keeps Repo Rate
Unchanged at 6.5%; Forecasts 7.2% GDP
Growth for FY25
The Reserve Bank of India’s (RBI) Monetary Policy
Committee (MPC) met on June 5 -7, 2024 and
released its second Bi-Monthly Monetary Policy of
Financial Year 2024-25 (FY25) which raised India’s real
Gross Domestic Product growth forecast from 7% to
7.2% for FY25.
RBI’s Policy Rates :
Category Rate
Policy Repo Rate 6.50%
Fixed Reverse Repo Rate 3.35%
Standing Deposit Facility (SDF)Rate 6.25%
Marginal Standing Facility (MSF) Rate 6.75%
Bank Rate 6.75%
SEBI Mandates KRAs to Update KYC
Cash Reserve Ratio (CRR) 4.50%
Information on Central KYC Records Registry
Statutory Liquidity Ratio (SLR) 18%
The Securities and Exchange Board of India
✓ Consumer Price Index (CPI) or retail inflation
(SEBI) issued a circular which has mandated Know
for 2024-25 is projected at 4.5 % with Q1
Your Client (KYC) Registration Agencies (KRAs) to
at 4.9%, Q2 at 3.8%, Q3 at 4.6% and Q4
update their customers KYC information on Central
at 4.5%.
KYC Records Registry (CKYCRR) and the uploading of
✓ RBI enhances contingent reserve buffer to
KYC data will commence from 1st August, 2024.
6.5 pc amid positive economic outlook
✓ These new guidelines aim to simplify
✓ RBI has hiked the threshold for bulk fixed
customer onboarding process by reducing the
deposits to Rs 3 crore from Rs 2 crore with an
turnaround time to register new clients.
aim to improve asset liability management of
✓ SEBI has amended the “Master Circular on
banks.
KYC Norms” issued originally on 12th October
✓ The Reserve Bank of India (RBI) has proposed
2023.
to set up a Digital Payments Intelligence
✓ KRAs shall upload the verified or validated KYC
Platform to prevent payment frauds and
information on to the system of CKYCRR
protect customers from associated risks. It has
within 7 days from intermediaries or any
constituted a committee under the

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 other timeline as notified under Prevention of SBI Launched SME Digital Business Loans for
Money Laundering (PML) Rules. MSME Sector
India’s largest Public Sector Bank (PSB), The State
Muthoot Microfin & SBI Announces Co- Bank of India (SBI) has launched a new “SME Digital
Lending Partnership To Empower Women Business Loans” product to cater the credit
Entrepreneurs requirements of Micro, Small and Medium Enterprise
(MSME) sector.
Muthoot Microfin Limited has announced a strategic
✓ The State Bank of India (SBI) has partnered
co-lending partnership with the State Bank of India
with 23 Non-Banking Financial
(SBI) to extend its financial services to women
Companies (NBFCs) or Housing Finance
entrepreneurs in rural and semi-urban regions across
Companies (HFCs) to expand its reach to the
India. The loan amounts will range from a minimum
unserved and under-served segments in India.
of Rs 10,000 to a maximum of Rs 3,00,000, providing
✓ According to the SBI’s Annual Report, SBI has
a substantial boost to women entrepreneurs from
sanctioned loans amounting to Rs
rural regions.
2,030 crore to over 2.79 lakh borrowers.

Ashv Finance Ltd Signed a Co-lending Pact

RBI Relaxed Norms for Overseas Investment
with HDFC Bank to Offer Unsecured Business
Ties for Offshore Funds
Loans to MSMEs
The Reserve Bank of India (RBI) has introduced new
Ashv Finance Limited (Erstwhile Jain Sons Finlease
regulations which allowed listed Indian companies
Ltd) part of the impact investor Aavishkaar Group, has
and resident individuals to invest in offshore funds
signed a co-lending agreement with the HDFC Bank,
that are regulated through their fund managers.
one of India’s leading private banks to provide
✓ RBI issued these directions under Section
unsecured business loans to Micro, Small & Medium
10(4) and Section 11 (1) of the Foreign
Enterprises (MSMEs).
Exchange Management Act, 1999(FEMA Act)
✓ Unsecured business loans range from Rs 20
(42 of 1999).
lakh to Rs 50 lakh for 12 to 36 months.
✓ Earlier, Overseas Portfolio Investment (OPI)
Repeat customers can avail of loans up to Rs
was allowed only if the “funds” were
75 lakh.
regulated in their home jurisdiction and the
investments were in ‘units’ of the funds.
RBI Forms Committee under Mr. A P Hota To
Set Up Digital Payments Intelligence Motilal Oswal AMC Introduced Nifty India
Platform Defence Index, India’s Index Fund Investing
The Reserve Bank of India (RBI) has formed a
in Defence Stocks
committee under the chairmanship of Abhaya Prasad
Motilal Oswal Asset Management Company Limited
Hota, former Managing Director (MD) and Chief
(MOAMC) introduced Motilal Oswal Nifty India
Executive Officer (CEO), National Payments
Defence Index Fund, India’s 1st index fund offering
Corporation of India (NPCI).
exposure to defence stocks listed in India. The New
✓ The committee is formed to examine various
Fund Offer (NFO) for the scheme will be open for
aspects related to the setting up a digital
subscription from 13th June, 2024 till 24th June 2024.
public infrastructure for Digital Payments
Intelligence platform which is proposed by
RBI.

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IRDAI Master Circular: Policy Loan Facility Karnataka Bank Launched KBL WISE Senior
Mandated in All Life Insurance Savings Citizen Savings Account
Products; CIS to Simplify Policy Details Karnataka Bank Limited (KBL), a leading private sector
The Insurance Regulatory and Development Authority bank launched KBL WISE (Wellness Investments and
of India (IRDAI) in its Master Circular on Life Insurance Savings for Elderly) Senior Citizen Savings Account,
Products, has mandated insurance companies to offer designed specifically to cater the needs of senior
a policy loan facility across all life insurance savings citizens regarding banking, healthcare and wellness.
products, effective from 30 September 2024, to help ✓ The product, KBL WISE is available in 2
policyholders meet liquidity needs. formats namely, KBL WISE Signature (a
✓ All non-linked savings regular format), and KBL WISE Advantage (a
products offering surrender value are eligible premium format).
for policy loans based on the surrender value.
✓ IRDAI also introduced major reforms in the
motor, health, and home insurance segments
to simplify the insurance landscape. The new
set of reforms has introduced a Customer
Information Sheet (CIS) to provide
comprehensive policy details such as:
o Scope of Coverage;
o Exclusions;
o Warranties; and
o Claim settlement processes PFRDA Selected NEC Corp India Private
Limited as System Integrator
BoM Makes NRI Banking Easier with its NRI The Pension Fund Regulatory and Development
Banking Solutions Authority (PFRDA) selected NEC Corporation India
Indian Public Sector Bank (PSB), Bank of Maharashtra Private Limited (formerly known as NEC Technologies
(BoM) provides Non-Resident Indian (NRI) Banking India Pvt. Ltd.) as System Integrator (SI) for a period of
solutions in the form of various deposit accounts, 6 years. It will play pivotal role in digital
namely Non-Resident External (NRE) , Non-Resident transformation journey of PFRDA.
Ordinary (NRO), Foreign Currency Non- ✓ The company will act as SI for PFRDA-
Resident (FCNR) and Resident Foreign Currency (RFC), Tracking, Reporting, Analytics, and
each designed specifically to make NRI banking easier Compliance e-Platform (TRACE) as part of
and reliable. Technology Architecture (TARCH) project.
✓ It offers various deposit formats such ✓ PFRDA (TRACH) project will have 4 modules
as: Savings, Current, Recurring, and Term namely, Website Revamp and Chatbot, PFRDA
Deposits. Online Intermediary Supervision Engine
✓ Bank of (POISE), PFRDA Repository and Information
Maharashtra (BoM) introduced MAHA- Systems Management (PRISM), data and
DOC scheme which is designed specifically to analytics platform, and PFRDA Intranet
provide financial solutions for Doctors. (PINTRA), internal digitalization.
✓ Under the scheme, medical professionals can
avail loans up to Rs 25 crores.It offer loans on
attractive interest rates linked to Repo Linked
Lending Rate (RLLR).

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Kotak Mahindra Life Insurance Collaborates Neobanking Startup Jupiter Money Receives
with Mahindra Finance to Offer Life Final Approval from RBI for issuance of PPI
Insurance Products On 13th June 2024, Jupiter Money, a neobanking
On 13th June 2024, Kotak Mahindra Life Insurance FinTech Startup backed by Tiger Global and Peak XV,
Company Limited (Kotak Life) announced that it has has received final approval from the Reserve Bank of
collaborated with Mahindra & Mahindra Financial India (RBI) to issue Prepaid Payment Instruments
Services Limited (Mahindra Finance), to offer (PPIs) including prepaid cards and prepaid wallets.
customized life insurance solutions to customers.

ECONOMY & BUSINESS

Andhra Chamber of Commerce Signed MoU ✓ The report estimated that global growth will
With AIC-Anna University Incubation remain stable at 2.6% in FY25. The global
growth is expected to marginally increase to
Foundation to Enhance Startup Ecosystem
2.7% in FY26 and remain the same for FY27,
The Andhra Chamber of Commerce has signed a
amid modest growth in trade and investment.
Memorandum of Understanding (MoU) with the Atal
✓ The GDP growth for South Asia region will
Incubation Center (AIC) at the Anna University
remain at 6.2% for FY26, if India’s GDP growth
Incubation Foundation in Chennai, Tamil Nadu to
remains stable.
boost the startup ecosystem and support aspiring
entrepreneurs.
Adani Defence and Aerospace Signed
Garden Reach Shipbuilders To Build Agreement with EDGE Group to set up R&D
Research Vessel for DRDO in Rs 500 Crore Facilities in India and the UAE
Adani Defence and Aerospace, defence subsidiary of
Deal
Adani Enterprises Limited (AEL) signed a cooperation
Garden Reach Shipbuilders and Engineers (GRSE), a
agreement with EDGE Group, one of the leading
leading Indian shipyard has set to build a new
advanced technology and defence groups in the
research vessel for the Defence Research and
United Arab Emirates (UAE).
Development Organisation (DRDO) with a deal of
approximately Rs 500 Crore. GRSE was chosen to
✓ The agreement will also explore the option to
set up a Research & Development (R&D)
build the DRDO research vessel.
facilities in India and the UAE.

World Bank Revised India’s GDP Growth

IITH & Japan-based Renesas Signed 3-Year
Projection to 6.6% for FY25
MoU to Enhance Semiconductor Innovation
According to the World Bank’s biannual report titled
“Global Economic Prospects (GEP) - June 2024”, in India
India’s Gross Domestic Product (GDP) growth The Indian Institute of Technology, Hyderabad(IIT-H),
projection for FY25 (2024-2025) was revised from Telangana, and Renesas Electronics Corporation,
6.4% (projected in January 2024) to 6.6%. Japan's leading supplier of advanced semiconductor
✓ It has also revised India’s GDP growth by 20 solutions, have signed a 3-year Memorandum of
basis points (bps) each to 6.7% and 6.8% for Understanding (MoU) for research and collaboration
FY26 (2025-26) and FY27 (2026-27) in Very-Large-Scale-Integration (VLSI) and embedded
respectively. semiconductor systems.

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 ✓ This partnership aims to strengthen India’s ✓ It also expected that inflation is more likely to
semiconductor ecosystem and support the within the Reserve Bank of India (RBI)’s target
“Make in India” objective. range of 4 to 4.5% in 2024.

CII Estimates India’s GDP to Grow at 8% in UBS Securities India: India to Maintain 6.5-
2024; Inflation Likely to Remain within RBI’s 7% Y-o-Y GDP Growth between FY26 & FY30
4% Target According to UBS Securities India Pvt Ltd, a
The Confederation of Indian Industry (CII) estimated stockbroker and merchant banking company, India's
that India’s Gross Domestic Product (GDP) growth at Gross Domestic Product (GDP) is expected to sustain a
8% in 2024. It has underscored that policy potential growth rate of 6.5% - 7% year-on-year (Y-o-
interventions, specifically which aimed to improve the Y) between FY 2025-26 (FY26) and FY 2029-30 (FY30).
Ease of Doing of Business (EoDB), have significantly
contributed to strengthen the Indian Economy.

AWARDS & RECOGNITIONS

Vellayan Subbiah Named EY World ✓ The awards were presented during the 11th
Entrepreneur of the Year 2024 National coaches workshop which was held at
the Poona Young Cricketers (PYC) Hindu
Vellayan Subbiah, Executive Vice-Chairman of Tube
Gymkhana in Pune, Maharashtra on June 7th-
Investments of India (TII) and Chairman of
8th 2024.
Cholamandalam (Chola) Investment and Finance
Company Limited has been named as the Ernst &
Young (EY) World Entrepreneur of the Year 2024 at TCS, HDFC, Airtel and Infosys: Indian Firms
an award ceremony held in Salle des Etoiles, Monaco. Among World’s Top 100 Most Valuable
✓ It marks the fourth time, an entrepreneur Brands in Kantar BrandZ 2024 Report
from India has won this global title in this According to the Kantar BrandZ, “2024 World’s Most
award’s 24 - year history and also makes India Valuable Brands” report, 4 Indian companies namely,
the only country among EY regions to win the Tata Consultancy Service (TCS), HDFC Bank, Airtel
global entrepreneurship award four times. and Infosys were featured among the top 100 most
✓ Note: Narayana Murthy (2003), Uday Kotak valuable global brands.
(2014) and Kiran Mazumdar Shaw (2023) are ✓ TCS emerged India’s most valuable brand by
the other Indians to win this award. securing a rank at 46th spot with total
valuation of USD 44.8 billion.
AITA honoured Nar Singh & Rohini Lokhande ✓ Apple retained its 1st position for the 3rd
consecutive time and has also become the 1st
with Dilip Bose Lifetime Achievement Award
global brand to surpass USD 1 trillion in value
All India Tennis Association(AITA) has honoured Delhi-
with total valuation of USD 1016 billion.
based Tennis coach Nar Singh with the prestigious
✓ While, Google with valuation of USD 753.5
Dilip Bose Award for Lifetime Achievement in
billion and Microsoft with valuation of USD
Coaching. He is the 11th recipient of the award.
712.9 billion with global ranking of 2nd and
✓ AITA has introduced a new Lifetime
3rd position respectively.
Achievement Award for Women's Coaches
✓ The cumulative value of the top 100 most
and presented the inaugural award to Rohini
valuable global brands has increased by 20%
Lokhande of Pune, Maharashtra, one of
compared to previous year edition.
India's earliest women’s coaches.

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Top 5 Most Valuable Global Brands: SEBI Bags 'Best Conduct of Business
Rank Brand Name Value(in USD) Regulator' Award in Asia Pacific by The Asian
1st Apple 1016 billion Banker
2nd Google 753.5 billion The Securities and Exchange Board of India (SEBI) has
3rd Microsoft 712.9 billion been honoured with the 'Best Conduct of Business
4th Amazon 576.6 billion Regulator' Award in the Asia Pacific by the Asian
5th McDonald’s 221.9 billion Banker for its focus on transparency, fairness, and
Top 4 Most Valuable Indian Brands: investor protection in the securities markets in India.
Global ✓ Kamlesh Chandra Varshney, Whole Time
Brand Name Value (in USD) Member of SEBI received the award at the
Rank
46th TCS 44.8 billion ceremony held during the Asian Banker
47th HDFC Bank 43.3 billion Summit 2024 held on 23 May 2024 in Hong
73rd Airtel 25.3 billion Kong. The theme of the summit was “Bridging
74th Infosys 24.7 billion innovation and resilience in finance”.

APPOINTMENTS & RESIGNATIONS

Sameer Bansal Appointed as MD & CEO of January 2025 and serving till 31 December
PNB MetLife 2026.
✓ These countries will replace the outgoing non-
PNB MetLife India Insurance Company Limited, a
permanent members Ecuador, Japan, Malta,
private life insurer has appointed Sameer Bansal as its
Mozambique, and Switzerland, whose terms
Managing Director (MD) and Chief Executive Officer
end on 31 December 2024.
(CEO). He will take charge of the post with effect from
July 1 2024. He succeeds Ashish Srivastava, who has
been appointed as MD for New York based MetLife Kamal Kishore Soan Assumed Additional
Inc.’s Global Shared Services team in India. Charge as DG of ESIC
Kamal Kishore Soan, a senior
UNGA Elected Former Cameroonian PM Indian Administrative Service
Philemon Yang as President of its 79th (IAS)officer assumed the additional
charge of Director General (DG) of
Session
Employees’ State Insurance
The United Nations General
Corporation (ESIC) under Ministry
Assembly (UNGA) elected
of Labour and Employment, Government of India
Ambassador Philemon Yang, former
(GoI).
Prime Minister (PM) of Cameroon by
acclamation, as President for its
✓ Kishore soan will succeed Rajendra Kumar,
who was the Director General of ESIC since
79th session starting on 10 September 2024. He will
2022.
succeed Ambassador Dennis Francis of Trinidad and
Tobago (TT), the President of the 78th Session of the
UNGA. Prem Singh Tamang Sworn in as CM of
✓ The UNGA elected Denmark, Greece, Sikkim for 2nd Term
Pakistan, Panama, and Somalia as non- Prem Singh Tamang, President of Sikkim Krantikari
permanent members of the UN Security Morcha (SKM), took oath as the Chief Minister (CM)
Council (UNSC) for 2-year terms starting on 1 of Sikkim for the second consecutive term. He has
been serving as the 6th CM of Sikkim since 2019.

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 ✓ Lakshman Prasad Acharya, Mohan Charan Majhi Sworn in as Odisha’s
the Governor of Sikkim 1st BJP CM; Kanak Vardhan Singh Deo &
administered the oath of
Pravati Parida Took Oath as Deputy CMs
office and secrecy to Prem
Bharatiya Janata Party(BJP)'s
Singh Tamang and his
Mohan Charan Majhi(52-year-
Council of Ministers during
old), a tribal leader and a 4-time
the swearing-in ceremony held at Paljor
Member of the Legislative
Stadium, Gangtok, Sikkim.
Assembly (MLA), took oath as
the 15th Chief Minister (CM) of
Vijaya Bharathi Sayani Took Charge as Acting Odisha at a ceremony held at
Chairperson of NHRC, India; Justice Arun Janata Maidan in Bhubaneswar, Odisha. Odisha
Kumar Mishra Retired Governor Raghubar Das administered the oath and
The Ministry of Home Affairs (MoHA) notified the Mohan Majhi became the first BJP CM of Odisha.
appointment of Vijaya Bharathi Sayani as Acting ✓ Kanak Vardhan Singh Deo and
Chairperson of the National Human Rights Pravati Parida, were also sworn in as the
Commission (NHRC) of India with effect from 2nd June deputy CMs of Odisha during the event. With
2024 until the appointment of New Chairperson of this, Pravati Parida became 1st woman
NHRC. Deputy CM of Odisha.
✓ She took over from Justice Arun Kumar ✓ Majhi succeds Naveen Patnaik who served as
Mishra, Former Supreme Court judge, whose the CM of Odisha from 2000 to 2024 ( for 24
term as Chairperson of NHRC ended on 1st years and 98 days)
June 2024.
Harsh Pati Singhania Elected as Fist Vice-
Chandrababu Naidu Sworn-in as 18th CM of Chair of International Chamber of
Andhra Pradesh; Pawan Kalyan as Deputy Commerce; Philippe Varin as Chair
CM Harsh Pati Singhania, Chairman
Nara Chandrababu Naidu, the and Managing Director (CMD) of JK
President of Telugu Desam Party Paper Ltd and Director of JK
(TDP), officially sworn-in as the Organisation, has been elected as
18th Chief Minister (CM) of Andhra the First Vice-Chair of the
Pradesh (AP). He became the CM of International Chamber of
AP for the 4th time and Commerce (ICC) headquartered in Paris, France.
2nd time after the bifurcation of AP in 2014. ✓ Philippe Varin (France), a global industry
✓ He succeeds Y.S. Jagan Mohan Reddy, leader, has been elected as Chair of the ICC.
President of Yuvajana Sramika Rythu Congress Philippe Varin succeeded Maria Fernanda
Party (YSRCP), who served as CM of AP from Garza, who becomes the Honorary Chair of
2019 to 2024. ICC.
✓ Renowned Telugu actor and Janasena Party ✓ Shinta Kamdani (Indonesia) and Patrick
(JnP) President, Pawan Kalyan took oath as Obath (Kenya) have been elected as Vice-
the Deputy CM of AP. Chairs of the ICC.
✓ The ICC World Council elects ICC's
Chairmanship(including Chair, honorary chair,
first vice chair and vice chair) and Secretary
General, each of whom serves a three-year
term.

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FICCI Announced the Appointment of ACC Approves Reappointments of Ajit Doval
Jyoti Vij as its DG as National Security Advisor; PK Mishra as
The Federation of Indian Chambers Principal Secretary to PM Modi
of Commerce and Industry (FICCI) The Appointments Committee of the Cabinet (ACC)
announced the appointment of has approved the reappointment of Ajit Kumar Doval
Jyoti Vij as its Director General as the National Security Advisor (NSA) and Pramod
(DG). She will assume the charge of Kumar (PK) Mishra as the Principal Secretary to
the FICCI Secretariat with Narendra Modi, the Prime Minister (PM) of India with
immediate effect. effect from June 10 2024.
✓ At present, she is serving as Additional DG at ✓ The ACC has also approved the appointment
FICCI. While, Shailesh Pathak resigned from of Amit Khare and Tarun Kapoor, retired IAS
the post of Secretary General at the FICCI due officers as Advisors to the PM.
to his personal reasons. ✓ They have been appointed in the rank and
scale of Secretary to Government for a period
Pema Khandu Took Oath as CM of Arunachal of two years with effect from 10th June 2024
Pradesh for 3rd Time; Chowna Mein Sworn or until further orders.

in as Deputy CM
Pema Khandu of Bharatiya Janata Party (BJP) sworn in Cyril Ramaphosa Re-elected as President of
as the Chief Minister (CM) of Arunachal Pradesh (AR) South Africa for 2nd Term
for the 3rd consecutive term at a ceremony held at The South African Parliament re-
Dorjee Khandu Convention Hall in Itanagar, AR. He has elected Matamela Cyril
been serving as the CM of AR since 2016. Ramaphosa(71 year old) as the
✓ Chowna Mein took oath as the deputy CM of President of the Republic of
AR. He has been serving as Dy CM since 2016. South Africa for 2nd term. He will
The Oath was administered by Lt Gen (Retd) be inaugurated on 19th June
Kaiwalya Trivikram Parnaik, Governor of AR. 2024. DA signed an agreement with ANC to form a
Unity Government.

ACQUISITIONS & MERGERS

NCLT Grants Approval For Vistara-Air India (CCIL) International Financial Services Centre (IFSC), a
Merger newly incorporated entity listed in Gujarat
International Finance Tech-city (GIFT) Special
The National Company Law Tribunal (NCLT) approved
Economic Zone (SEZ), reflecting its commitment to the
the merger of Vistara with Air India allowing a period
growth of IFSC.
of nine months for the dissolution of Vistara. The
✓ This strategic investment, amounting to Rs
approval was granted to the ‘Composite Scheme of
6.125 crore demonstrates the growth of GIFT
Arrangement’ between the petitioner companies and
City IFSC and its emergence as a global
their shareholders under Sections 230 to 232 and
financial service provider.
Companies Act, 2013 provisions.

Bank of India Acquires Over 6% Stake in CCIL CCI approves Acquisition of Global
IFSC Infrastructure Management, LLC by
Maharashtra-based Bank of India (BOI) has acquired BlackRock Funding, Inc.
6.125% stake in Clearing Corporation of India Limited The Competition Commission of India (CCI) has
approved the acquisition of Global Infrastructure

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Management, LLC(GIM) by BlackRock Funding, Inc. ✓ the acquisition of certain equity stakes of TVS
(BFI). Certified Private Limited (Target 1) and TVS
✓ Proposed Combination: BFI will acquire 100% Vehicle Mobility Solution Private Limited
of the limited liability company interests in (Target 2) by Mitsubishi Corporation
GIM. BFI is a newly formed wholly-owned (Acquirer).
subsidiary of BlackRock Inc. (BlackRock), with
no independent activities.

SCIENCE & TECHNOLOGY

TRISHNA: ISRO’s Joint Endeavour with vehicle ever developed, completed its 1st full test
France’s CNES to Monitor Earth Temperature flight returning to Earth followed by a soft
splashdown of the booster in the Gulf of Mexico and
On the occasion of World Environment Day 2024 (5th
the spacecraft in the Indian Ocean.
June), the Indian Space Research Organisation (ISRO)
✓ Starship was launched on 6th June 2024 from
announced the details of Mission TRISHNA (Thermal
Starbase in Texas, the United States of
Infra-Red Imaging Satellite for High-Resolution
America (USA). This marks the fourth
Natural Resource Assessment), a collaborative
integrated test flight (IFT-4) of Starship.
endeavour with the CNES (Centre national d'études
✓ SpaceX’s Starship spacecraft and Super Heavy
spatiales), French space agency.
✓ TRISHNA is a dedicated satellite to monitor rocket are collectively referred to as
“Starship”.
Earth's surface temperatures and mitigate
climate change. The mission, set to be
launched in 2025, is designed for a 5-year Vidyut Rakshak: Indian Army Launches
operational life. Integrated Generator Monitoring, Control
✓ The satellite will operate in a sun-synchronous System
orbit at an altitude of 761 Kilometer
The Vice Chief of the Army Staff (VCOAS) of the Indian
(Km) with a local time of 12:30 PM at the
Army, Lieutenant General Upendra Dwivedi has
equator.
launched ‘Vidyut Rakshak’ and was developed
✓ TRISHNA satellite will be equipped with the
by Major Rajprasad R S of the Army Design Bureau
two primary payloads: Thermal Infra-Red
(ADB). The launch event encompassed the roll-out of
(TIR) and Visible-Near Infra-Red-Short Wave
the first production units of Vidyut Rakshak.
Infra-Red (VNIR-SWIR)
o TIR, provided by CNES, will have 4-
channel long-wave infrared imaging India Received Indigenous Man Portable
sensor capable of high-resolution Counter Drone System
surface temperature mapping. On 10th June 2024, The Indian Army received
o VNIR-SWIR, developed by ISRO, indigenously developed first-of-its-kind Man Portable
includes 7 spectral bands that will Counter Drone System (MPCDS). It is designed and
help to monitor biophysical and manufactured by Bengaluru based AXISCADES
radiation variables. Technologies Limited under the agreement worth Rs
100 crore from the Indian Army.
SpaceX’s Starship Completes 1st Full Flight ✓ It is capable to detect and jam different types
of drones within a range of up to 5 Kilometres
With Successful Soft Splashdown
(Kms).
Space Exploration Technologies Corporation
(SpaceX)’s Starship, the world’s most powerful launch

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Indian Navy Launches ‘5th MCA Barge, LSAM Vandenberg Space Force Base, California, the United
13 (Yard 81)’ at Maharashtra States of America(USA).
The Indian Navy (IN) launched the Missile Cum
Ammunition (MCA) Barge, Landing Ship Sagar Defence Engineering Secures Contract
Ammunition(LSAM 13)(Yard 81), the fifth Barge of 08 from DRDO To Develop Cutting-Edge
x MCA Barge project, built by Micro, Small and ULUAVs
Medium Enterprises (MSME) Shipyard, M/s SECON
Pune (Maharashtra) based Sagar Defence Engineering
Engineering Projects Private Limited (SEPPL),
Private Limited has secured a contract from the
Visakhapatnam, Andhra Pradesh (AP).
Defence Research and Development Organisation’s
✓ The barge was launched at M/s Vinayaga
(DRDO) Technology Development Fund (TDF) to
Marine Petro Limited, Mira Bhayandar,
develop Underwater Launched Unmanned Aerial
Maharashtra(the launch site of SEPPL).
Vehicles (ULUAVs).
✓ The contract for building 08 x MCA Barge was
signed between the Ministry of Defence
(MoD) and M/s SEPPL on 19 February 2021 at Lal, Mursan & Hilsa: Craters on Mars Named
Visakhapatnam, AP. After Indian Physicist And Towns of Bihar,
UP
Indian Army Gets Its 1st Batch of 1st The Working Group Planetary System Nomenclature
(WGPSN) of the International Astronomical Union
Indigenous LM Nagastra-1 with Reusable
(IAU) has named three newly discovered craters on
Technology
Mars as ‘Lal’ crater, ‘Mursan’ crater and ‘Hilsa’
The Indian Army has received the first batch of crater.
Indigenous man-portable suicide drones also known
✓ These three craters have been discovered on
as the 1st Indigenous Loitering Munition (LM),
Mars located within the Tharsis volcanic
Nagastra–1, with the capability of precise strikes on
region (largest volcanic region on Mars) by
enemy training camps and launch pads, minimising
Ahmedabad-based Physical Research
risks to soldiers.
Laboratory (PRL), a unit of the Department of
✓ Nagastra–1 is designed and developed by Space (DoS) in 2021.
Economics Explosives Ltd (EEL), a subsidiary of
✓ Lal crater: It has been named in honour of
Solar Industries Nagpur (Maharashtra), in
Professor Devendra Lal (ii)Mursan crater: It
association with Z-Motion Autonomous
has been named after Mursan town in
Systems Pvt Ltd, Bengaluru, Karnataka, with
Hathras district, Uttar Pradesh (UP). (iii) Hilsa
over 75% indigenous content.
crater: It has been named after Hilsa town in
✓ Nagastra-1 is a fixed-wing Unmanned Aerial
Nalanda district of Bihar.
Vehicle (UAV), weighing 9 kilograms (kg), with
an endurance of 60 minutes, a man-in-loop
range of 15 kilometers (km), and an Reliances’ JPL JV Orbit Connect
autonomous mode range of 30 km. India Received Approval from IN-SPACe to
Launch Satellite Internet in India
USA Conducted Operational Test Launch of Orbit Connect India, a 51:49 Joint Venture (JV)
between Reliance Industries’ Jio Platforms Limited
Minuteman III ICBMs
(JPL) and Luxembourg-based satellite
A joint team of the United States (US) Air Force Global
telecommunications company, SES has received 3
Strike Command (AFGSC) Airmen supported by the US
approvals from the Indian National Space Promotion
Space Force Guardians launched an unarmed
and Authorisation Centre (IN-SPACe) for secured
Minuteman III Intercontinental Ballistic Missiles
landing rights and market access to operate satellites
(ICBMs) equipped with one re-entry vehicle from
above India.

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 ENVIRONMENT
-----

SPORTS

Indian Footballer Sunil Chhetri Retires from Rank Men’s Category Women’s Category
Magnus Carlsen
International Football 1 Ju Wenjun (China)
(Norway)
Sunil Chhetri(39 years old), legendary Indian Hikaru Nakamura Anna Muzychuk
2
Footballer and the captain of the Indian National (USA) (Ukraine)
football Team(nicknamed “the Blue Tigers”) since Rameshbabu
2012, retired from international football, after India's 3 Praggnanandhaa Lei Tingjie (China)
(India)
FIFA World Cup 2026 qualifier against Kuwait.
✓ Sunil Chhetri, hailing from Secunderabad
(Telangana), begun his professional football Formula 1: Max Verstappen Wins Canadian
career with Mohun Bagan in 2002. He ended Grand Prix for Third Straight Year
his 19 year long career representing India with Dutch-Belgian racing driver Max Verstappen of Red
151 appearances and 94 goals. Bull won the Formula 1 (F1) Canadian Grand Prix 2024
✓ With 94 international goals, Sunil Chhetri is (AWS GRAND PRIX DU CANADA 2024) title, the 9th
the 4-highest goal-scorer behind Cristiano round of the 2024 F1 championships at Circuit Gilles-
Ronaldo(128), Iran's retired Ali Daei(108) and Villeneuve in Montreal, Quebec, Canada.
Lionel Messi(106). ✓ McLaren’s Lando Norris finished second, and
Mercedes’s George Russell finished third in
Norway Chess 2024: Magnus Carlsen, Ju the Canadian Grand Prix 2024.

Wenjun Emerge as Champions,

Praggnanandhaa Finishes 3rd Tennis: French Open 2024: Carlos Alcaraz
Norwegian Grandmaster (GM) Magnus Carlsen won Men’s Singles title & Iga Swiatek won
(World No.1) won the 2024 Norway Chess Title Women’s Singles title
beating Fabiano Caruana of the United States of Spanish tennis player Carlos Alcaraz(21 years old) won
America (USA) in the final round Armageddon tie- the Men’s singles title at the 123rd edition of French
breaker. This marks Carlsen’s 6th Norway Chess Title. Open 2024 (also known as Roland-Garros) by
✓ Hikaru Nakamura (USA) secured the 2nd spot defeating Alexander Zverev of Germany in the finals
with 15.5 points despite losing to Indian GM held at the Stade Roland Garros in Paris, France.
R.Praggnanandhaa, who concluded third with ✓ Carlos Alcaraz broke Rafael Nadal’s (Spain)
14.5 points. record as the youngest man to win Grand
✓ R.Praggnanandhaa has become the first ever Slam titles on all three surfaces (clay, grass
player to have defeated the top three- and hard courts).
Magnus Carlsen, Fabiano Caruana and Hikaru ✓ World No. 1 Iga Swiatek of Poland won the
Nakamura in the Norway Chess 2024. Women’s singles title at the 2024 French
✓ Women's World Champion Ju Wenjun (China) Open defeating Jasmine Paolini of Italy. This
won the Women's Norway Chess title marks her 4th French Open title and 5th
defeating Lei Tingjie (China). In the women’s Grand Slam title.
category, Anna Muzychuk (Ukraine) gained ✓ She became the first woman to win three
the 2nd spot while Lei Tingjie (China) finished consecutive French Open since Justine
at the 3rd position. Henin(Belgium) (2005,2006 & 2007).

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Winners of French Open 2024 Men’s Junior World Cup 2025. The decision was taken
Category Winners Runner-Up by the Executive Board of the International Hockey
Federation (FIH) in Lausanne, Switzerland. The
Men’s Carlos Alcaraz Alexander Zverev
tournament will be played in December 2025.
Singles (Spain) (Germany)
✓ This will be the 1st time ever that a FIH
Women’s Iga Swiatek Jasmine Paolini
Hockey Junior World Cup has 24 participating
Singles (Poland) (Italy)
teams. India will host the tournament for the
Marcelo Arevalo
Simone Bolelli and 4th time since 2013.
Men’s (El Salvador)
Andrea Vavassori ✓ Note: India has won the Men’s Junior World
Doubles and Mate Pavic
(Italy) Cup twice, in 2001 in Hobart, Australia, and in
(Croatia)
2016 in India.
Coco Gauff
(USA) and Jasmine Paolini
Women’s FIDE World Junior Chess Championships
Katerina and Sara Errani
Doubles
Siniakova (Czech (Italy) 2024: India’s Divya Deshmukh &
Republic) Kazakhstan’s Nogerbek Kazybek crowned
Laura the Champions
Siegemund The International Chess Federation (FIDE) World
Desirae Krawczyk
Mixed (Germany)and Junior Chess Championships 2024 (for Open & Girls
(USA) and Neal
Doubles Edouard Roger- Under-20) was held at the GIFT City, Gandhinagar,
Skupski (Britain)
Vasselin Gujarat from 1st to 14th June 2024.
(France) ✓ International Master (IM) Divya Deshmukh(18
years old) from India won the 2024 FIDE
ISSF World Cup 2024: Sarabjot Singh won World Junior Chess Championships (Girls) title
gold & Sift Kaur Samra won bronze; India by defeating Bulgaria’s Beloslava Krasteva in
the final round.
finish with two medals
✓ IM Kazybek Nogerbek(20 years) from
India won 2 medals (1 gold and 1 bronze) and finished
Kazakhstan won the 2024 FIDE World Junior
3rd on the medal tally of the International Shooting
Chess Championships (Open) title by
Sport Federation (ISSF) World Cup 2024 (Rifle/Pistol)
defeating Mamikon Gharibyan of Armenia in
held from 31st May to 8th June 2024 in Munich,
the final round
Germany.
Prize
✓ Indian shooter Sarabjot Singh won the gold Players Medal
Money
medal in the men’s 10m air pistol category
Open
and Indian shooter Sift Kaur Samra won a
Kazybek Nogerbek
bronze medal in the women’s 50m rifle 3 Gold 3000 euros
(Kazakhstan )
positions category.
✓ China topped the medal tally with 11 medals Emin Ohanyan(Armenia) Silver 2000 euros
(4 gold, 4 Silver and 3 Bronze) followed by Budisavljevic Luka (Serbia) Bronze 1000 euros
Norway at 2nd place with 3 medals (1 gold, 1 Girls
silver and 1 Bronze) and India and France at Divya Deshmukh (India) Gold 2000 euros
3rd place with 2 medals each. Mariam Mkrtchyan
Silver 1250 euros
(Armenia)
Ayan Allahverdiyeva
India to Host FIH Hockey Men’s Junior World Bronze 750 euros
(Azerbaijan)
Cup in 2025
India will host the 14th edition of the FIH Hockey

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 OBITUARY

Cherukuri Ramoji Rao, Padma Vibhushan was awarded India’s fourth highest civilian award
Awardee and Ramoji Group Chairman, Padma Shri.

Passed away at 87
Cherukuri Ramoji Rao, Padma Vibhushan awardee Padma Shri Awardee & Renowned Sarod
and Chairman of Ramoji Group, passed away at 87 Maestro Rajeev Taranath Passed Away
due to prolonged illness. He was born on November Internationally renowned Sarod Maestro and
16, 1936, in Pedaparupudi, Madras presidency Kannada poet Pandit Rajeev Taranath passed away at
(Present day Andhra Pradesh). the age of 92 in Mysuru, Karnataka. He was born on
✓ Rao was honoured with Padma 17th October 1932 in Bengaluru, Karnataka. He was
Vibhushan, the 2nd highest civilian honour of awarded India’s fourth highest civilian award ‘Padma
India, in 2016 for his contributions to Shri' under 'Art' category in 2019.
journalism, literature, and education. ✓ He was the first Indian to play sarod in the
✓ He had received National Film Award for Best Opera House of Sydney, Australia.
Feature Film in Telugu(Producer) for
‘Nuvve Kavali’. Malawi Vice President Saulos Chilima Dies In
Plane Crash
Renowned Indian Biologist & Wildlife Vice-President of Malawi, Dr Saulos Klaus Chilima,
Conservation Activist AJT Johnsingh Passed and 9 others died in an airplane crash on 10 June
Away 2024 in the Chikangawa forest in Malawi.
Asir Jawahar Thomas Johnsingh also known as A J T Dr. Saulos Chilima was born on 12th February 1973 in
Johnsingh, a renowned Indian Biologist and Ntcheu District in Central Malawi.
Wildlife Conservation activist passed away at the age ✓ Chilima was the incumbent Vice President of
of 78 in Bengaluru, Karnataka. He was born in Malawi, serving his 2nd term since 2020,
Nanguneri, Tirunelveli district of Tamil Nadu (TN). He previously holding the role from 2014 to
2019.

BOOKS & AUTHORS

Bill Gates' Memoir “Source Code: My titled, "I Have the Streets: A Kutti Cricket Story,"
Beginnings” Set to be Published in February written by Ravichandran Ashwin with author
Sidharth Monga, a sitcom screenplay writer, a
2025
wrestling booker, and a chef.
“Source Code: My Beginnings”, a memoir of Bill
✓ The book with 200 Pages was published by
Gates, the co-founder of Microsoft, is set to be
Penguin Random House India (PRHI).
published by Allen Lane, an imprint of Penguin
Random House, on 4th February 2025. This memoir
will focus on his early life, from childhood through the Kerala CM Pinarayi Vijayan Released
creation of Microsoft with Paul Allen in 1975. "Viswasapoorvam," The Autobiography of
Islamic Scholar A. P. Aboobacker Musliyar
Ravichandran Ashwin Unveils Autobiography Kerala Chief Minister (CM) Pinarayi Vijayan released
'I Have the Streets: A Kutti Cricket Story' the autobiography titled "Viswasapoorvam" of
Islamic scholar and the president of Kerala Muslim
Renowned Indian international cricketer,
Jama-ath, A.P. Aboobacker Musliyar. The book was
Ravichandran Ashwin unveiled his autobiography

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published by the Malaibar Foundation for Research ✓ Shashi Tharoor, a Member of Parliament
and Development. (MP), received the first copy from the CM
during the book release event.

IMPORTANT DAYS

World Food Safety Day 2024 - June 7 ✓ The theme for World Brain Tumor Day 2024 is
The United Nations (UN) World Food Safety Day "Brain Health and Prevention".
(WFSD) is annually observed across the globe on 7 ✓ Symbol: The Grey Ribbon is the official
June to highlight the significance of addressing food symbol for Brain Tumours and Brain Cancers.
safety incidents. WFSD is jointly facilitated by the ✓ The “Deutsche Hirntumorhilfe e.V.” (German
Food and Agriculture Organization of the UN (FAO) Brain Tumour Association), a non-profit
and the World Health Organization (WHO). organisation based in Leipzig, Germany
✓ The 2024 theme of WFSD is, "Food safety: started commemorating World Brain Tumour
prepare for the unexpected" and the slogan Day in 2000.
of WFSD 2024 is “Food safety is everyone’s
business.” World Accreditation Day 2024 - June 9
✓ 7 June 2024 marks the observance of the 6th World Accreditation Day (WAD) is annually observed
WFSD. The first-ever WFSD was observed on across the globe on 9 June to highlight the role of
7 June 2019 to highlight the numerous accreditation and conformity assessment in improving
benefits of safe food. various aspects of life such as consumer safety,
societal trust, business reliability, and governmental
World Oceans Day 2024 - June 8 effectiveness.
The United Nations (UN) World Oceans Day is ✓ The theme for World Accreditation Day 2024
annually observed across the globe on 8 June to raise is ‘Accreditation: Empowering Tomorrow and
awareness about the impact of human actions on the Shaping the Future.’
ocean, develop a global movement for ocean ✓ WAD is a global initiative established by the
conservation, and unite the world’s population for International Accreditation Forum (IAF) and
sustainable ocean management. the International Laboratory Accreditation
✓ World Oceans Day 2024 was hosted by the Cooperation (ILAC) to highlight the value of
Division for Ocean Affairs and the Law of the accreditation in 2007.
Sea of the Office of Legal Affairs (DOALOS) of ✓ The 1st ever WAD was observed on 9th June
the UN, in partnership with the non-profit 2008.
organisation Oceanic Global.
✓ World Oceans Day 2024 was celebrated First-Ever UN International Day for Dialogue
under the theme "Awaken New Depths." among Civilizations - 10 June 2024
✓ The 1st ever World Oceans Day was observed
The first ever United Nations (UN)’s International Day
on 8 June 2009.
for Dialogue among Civilizations was observed on
10th June 2024 to raise awareness of the value of the
World Brain Tumor Day 2024 - June 8 diversity of civilizations and promote dialogue, mutual
World Brain Tumor Day is annually observed across respect, tolerance, and global solidarity.
the globe on 8 June to raise awareness about brain ✓ The draft resolution was proposed by China,
tumours and their impact on patients and families, to establish the International Day for Dialogue
the significance of early detection and timely among Civilizations at the UNGA.
treatment, and to advocate for improved patient care.

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International Archives Day 2024 - June 9 ✓ UNICEF, in collaboration with Bachpan
International Archives Day (IAD) is annually observed Manao, Bhadte Jao (BMBJ) initiative by EkStep
across the globe on 9 June to raise awareness among Foundation, announced the first-ever ‘Hour of
the public about the significance of records and Play’ in India to be observed on June 11,
archives. marking the International Day of Play.
The date also commemorates the founding of the
International Council on Archives (ICA) in 1948, under World Day Against Child Labour 2024 - June
the auspices of the United Nations Educational, 12
Scientific and Cultural Organisation (UNESCO) in Paris,
The United Nations (UN) World Day Against Child
France.
Labour is annually observed across the globe on 12
✓ 9th June 2024 marks the observance of the
June to increase awareness about the need to focus
76th anniversary of the ICA. The 1st ever IAD
on the global extent of child labour and the efforts
was observed on 9 June 2008, coinciding with
needed to eliminate it.
the 60th Anniversary of ICA.
✓ The 2024 theme of World Day Against Child
✓ 2024 marked the 6th International Archives
Labour is, "Let’s act on our commitments:
Week (IAW) and was observed from 3-9 June
End Child Labour!"
2024 under the theme “#CyberArchives”.
✓ The first-ever World Day Against Child Labour
was observed on 12 June 2002.
International Level Crossing Awareness Day
2024 - June 6 UN Declares 2025 International Year Of
The International Level Crossing Awareness Day Quantum Science And Technology
(ILCAD) is annually observed across the globe on 6th
The United Nations (UN) has officially declared 2025
June to raise public awareness about the risks at level
to be the International Year of Quantum Science and
crossings and improve safety at railway crossings
Technology (IYQ) to increase public awareness
globally.
globally about the significance of quantum science
✓ The 2024 ILCAD campaign emphasised the
and its applications.
safety of vulnerable people, with the slogan:
✓ This UN-declared IYQ unites national scientific
“Beware of trains. Life can change in a split societies to commemorate 100 years of
second”.
modern quantum mechanics.
✓ The ILCAD is a joint commitment that
✓ This decision follows a resolution led by
originated from the success of the 1st Mexico in May 2023, adopted by the United
European Level Crossing Awareness Day held
Nations Educational, Scientific and Cultural
on 25th June 2009 in 28 countries.
Organization (UNESCO) General Conference,
✓ The 16th edition of ILCAD on 6 June 2024 and supported by nearly 60 countries.

First-Ever UN International Day of Play - 11 International Albinism Awareness Day 2024 -

June 2024 June 13
The first-ever United Nations (UN) International Day The United Nations (UN)’s International Albinism
Of Play (IDOP) was observed on 11 June 2024 to
Awareness Day (IAAD) is annually observed across
celebrate the power of play. The day aims to preserve,
the globe on 13th June to create awareness about
promote, and prioritise the essential role of play in albinism, an inherited genetic condition that people
human development and well-being, especially for
are born with, and celebrate and advance the human
children.
rights of persons with albinism globally.
✓ Play is recognized as a fundamental right of ✓ The theme of IAAD 2024 is “10 Years of IAAD:
every child under Article 31 of the UN
A Decade of collective progress”.
Convention on the Rights of the Child 1989.

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 ✓ 13th June 2024 marks the observance of the Global Wind Day 2024 - June 15
10th IAAD. The first-ever International Global Wind Day also known as the World Wind Day
Albinism Awareness Day was observed on 13 is annually observed across the globe on 15 June to
June 2015. highlight the significance of Wind Energy, an
alternative clean and renewable energy system in
World Blood Donor Day 2024 - June 14 promoting sustainability and environmental
World Blood Donor Day (WBDD) is annually observed protection, and its power.
across the globe on 14 June to raise awareness of the ✓ Global Wind Day is a coordinated action
need for safe blood and blood products and express annually organised by WindEurope, the
gratitude to voluntary, unpaid blood donors. The Global Wind Energy Council (GWEC), and
annual observance of WBDD is led by the World national renewable energy associations.
Health Organisation (WHO). GWEC’s Global Wind Report 2024:
✓ The annual observance of WBDD is led by the ✓ In 2023, global wind energy capacity passed
World Health Organisation (WHO). 14 June the first 1 Terawatt (TW) milestone
2024 commemorates the 20th anniversary of totalling 1,021 Gigawatt (GW), with a
WBDD. record 117 GW of new capacity installed.
✓ The 2024 theme/slogan of WBDD is, "20 ✓ The top 5 markets for new wind installations
years of celebrating giving: thank you, blood are China, US, Brazil, Germany, and India.
donors!" ✓ According to the Global Wind Report 2024, as
✓ The host country of the WBDD 2024 is Perú. of January 2024, India ranks 4th globally in
The events are organised together with the total wind installations with 45 GW of
Ministry of Health of Peru. installed onshore wind capacity.
✓ This positions India as the second-largest
wind market in the Asia-Pacific region,
World Elder Abuse Awareness Day 2024 -
following China.
June 15
The United Nations (UN) World Elder Abuse
Awareness Day (WEAAD) is annually observed across
ASEAN Dengue Day 2024 - June 15
The Association of Southeast Asian Nations (ASEAN)
the globe on 15 June to raise awareness about the
annually celebrates ASEAN Dengue Day (ADD) on 15
abuse, neglect, and exploitation faced by older
June to raise awareness of Dengue, mobilise
persons, while promoting respect and dignity for older
resources for its prevention and control at the
persons.
regional and national level, and demonstrate the
✓ The 2024 theme of WEAAD is, "Spotlight on
Older Persons in Emergencies." region’s commitment to tackling the disease.
✓ The observance of ASEAN Dengue Day was
✓ The 1st ever UN WEAAD was observed on 15
endorsed at the 10th ASEAN Health Ministers
June 2012.
Meeting in 2010 as a key regional advocacy
initiative against dengue to be
commemorated every June 15 by all AMS.

STATE NEWS

Neerabh Kumar Prasad Appointed as Chief of AP cadre. Neerabh Kumar replaces K.S. Jawahar
Secretary of Andhra Pradesh Reddy, who is set to retire from service in June 2024
on attaining the age of superannuation.
Neerabh Kumar Prasad has been appointed as the
Chief Secretary of Andhra Pradesh (AP). He is the
1987-batch Indian Administrative Service (IAS) officer

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Assam Launches degree will get Rs 1000, Rs 1200, and Rs 2500
‘Mukhya Mantri Nijut Moina’ Scheme To per month respectively from the government.

Promote Girl Education

The Chief Minister (CM) of Karnataka Becomes 1st State to Give Rs 1 Cr
Assam, Himanta Biswa Sarma has announced the Accident Insurance Compensation; KSRTC
new scheme Mukhya Mantri Nijut Moina (MMNM) to distributes Rs 1 Cr to Employees’
promote girl education and to end child marriage in Dependents
Assam.
Karnataka has become the 1st state in India to
✓ The scheme is expected to cover around 1
announce Rs 1 crore in insurance compensation for
million girl students and cost the exchequer
employees who die in road accidents. The Karnataka
Rs.300 crore in the first year and State Road Transport Corporation (KSRTC) has
around Rs.1,500 crore over a five-year period.
disbursed Rs. 1 crore each as Accident Insurance
✓ The girl students enrolled in class of 11th and
Relief Compensation to the dependents of 4
12th, three year or four year degree employees who lost their lives in the line of duty.
graduation and Post Graduation or B.Ed

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 Current Affairs Weekly PDF – June 2024 – 3rd Week
(18–24)

NATIONAL AFFAIRS

MoJS launched E-flows Monitoring System ✓ As part of the scheme, hospitals receive Rs 20
to Monitor Ganga River Cleanup process per patient for digitising health records and
linking them with ABHA IDs.
Union Minister, C.R. Patil, Ministry of Jal Shakti
(MoJS) launched the Environmental flows (E-flows)
Monitoring System to monitor the cleaning progress GoI Introduced Rules for Offshore Minerals
of the river Ganga. It is developed by the National Ahead of the Auctions
Mission for Clean Ganga (NMCG) works under the Government of India(GoI) introduced “Offshore Areas
Department of Water Resources, River Development (Existence of Mineral Resources) Rules, 2024”, a
and Ganga Rejuvenation, Ministry of Jal Shakti, as part comprehensive regulatory framework which outlines
of the Aviral Ganga component. exploration standards to ensure precise assessment
and sustainable development of offshore mineral
HAL Received RFP from MoD for 156 Light resources.
Combat Helicopters worth Rs 45000 crore ✓ The rules were issued by the GoI in exercise of
the powers conferred by section 35 of the
Bengaluru (Karnataka)-based Hindustan Aeronautics
Limited (HAL) has received Request For Proposal Offshore Areas Mineral (Development and
Regulation) (OAMDR) Act, 2002 (17 of 2003).
(RFP) from the Ministry of Defence (MoD) for
✓ The new regulations lays down specific
procurement of 156 Light Combat Helicopters (LCHs)
Prachand, estimated to cost Rs 45, 000 crore. exploration rules for different types of
deposits and minerals, including construction-
✓ Out of this 156 LCHs, 90 is for the Indian Army
grade silica sand, non-construction –grade
(IA) and remaining 66 is for the Indian Air
calcareous sand, calcareous mud, phosphatic
Force(IAF). The LCH Prachand is the first
sediments, Rare Earth Element (REE) minerals,
indigenous Multi-Role Combat Helicopter
hydrothermal minerals and nodules, among
designed and manufactured by HAL in
others.
collaboration with French engine-maker
Safran.
India & Gambia Signed Extension of MoU on
Centre Extends DHIS by a Year Till June 2025 Governance Reforms for 5 Years
to Digitise Patients' Health Record The Department of Administrative Reforms and Public
Grievances(DARPG), Ministry of Personnel, Public
The Government of India (GoI) has extended the
Grievances and Pensions(MoPPGP), Government of
Digital Health Incentive Scheme (DHIS) by a year until
India and Public Service Commission(PSC), Office of
30 June 2025 (or till funds for DHIS are available),
the President, the Republic of the Gambia signed
aiming to digitise patients' health records and
extension of the existing Memorandum of
integrate them with Ayushman Bharat Digital Health
Understanding (MoU) on ‘Refurbishing Personnel
Account (ABHA ID).
Administration and Governance Reforms’ for another
✓ The scheme which was set to end on 30 June
5 years with effect from (w.e.f) 8th July 2024.
2024, aims to boost adoption of digital
✓ The main objective of the MoU is to
healthcare services and promote the
Ayushman Bharat Digital Mission (ABDM). strengthen and promote bilateral cooperation

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 between India and Gambia in Personnel New Postal Law, Post Office Act 2023 Comes
Administration and Governance Reforms. into Effect, Repealed British Colonial-Era Law
Union Ministry of Communication, Government of
Army Hospital (R&R), Delhi Launches First- India (GoI) notified that “The Post Office Act, 2023”
of-its-Kind Skin Bank Facility for Armed came into force with effective from (w.e.f.) on 18th
Forces June, 2024. The Post Office Act, 2023 repealed the
125-year old Indian Post Office Act, 1898.
The Army Hospital, Research & Referral (R&R), New
✓ According to the Act, the Government will not
Delhi (Delhi) opened a state-of-the-art skin bank
have any exclusive privilege over conveying
facility, a first-of-its-kind to be established within the
letters.
Armed Forces Medical Services (AFMS).
✓ The Act has a provision for the appointment
of the Director General(DG) of Postal
Cabinet Approvals on 19th June 2024 Services.
The Union Cabinet chaired by Prime Minister (PM)
Narendra Modi approved the following on 19th June
MoFPI Ministers Chirag Paswan & Ravneet
2024.
✓ Proposal of the Ministry of Home Affairs Singh Launched Web Portal & Mobile App
(MoHA) for the National Forensic for World Food India 2024
Infrastructure Enhancement Scheme (NFIES), Union Minister Chirag Paswan, Ministry of Food
a Central Sector Scheme, with a financial Processing Industries (MoFPI) and Minister of State
outlay of Rs. 2254.43 crore for the period of (MoS) Ravneet Singh , MoFPI, jointly launched the
2024-25 to 2028-29. website and mobile application for the 3rd edition of
✓ Viability Gap Funding (VGF) scheme for World Food India (WFI 2024) during the curtain raiser
offshore wind energy projects with a total ceremony of WFI 2024 held in New Delhi, Delhi.
outlay of Rs.7453 crore. ✓ WFI 2024, India’s largest food event, is
✓ Airports Authority of India (AAI)’s proposal for scheduled to be held at the Bharat
the development of the Lal Bahadur Shastri Mandapam, Pragati Maidan, New Delhi, Delhi
International Airport(VNS) in Varanasi, Uttar from 19th to 22nd September 2024.
Pradesh (UP). The estimated financial outlay
of the project is Rs 2869.65 crore. MSDE Partners with Australian Government
✓ Construction of a Major Port at Vadhavan
to Boost Agriculture Sector of India with
near Dahanu in Maharashtra with a total
project cost of Rs.76,220 Crore. Emerging Skills
✓ The Union Cabinet approved the increase in The Ministry of Skill Development and
the Minimum Support Prices (MSP) for all Entrepreneurship (MSDE), in collaboration with the
mandated (14) kharif crops for Marketing Australian Government, hosted a pivotal roundtable
Season 2024-25. The increase in MSP of Karif to discuss insights from the Australia-India Critical
Crops will have a financial implication of Rs 2 Agriculture Skills Pilot Project.
lakh crore for the government and entail a ✓ This initiative aims to reshape the agricultural
gain of Rs 35,000 crore to farmers over the sector by identifying and developing emerging
previous year. job roles.
Click here to read full News

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Overview of PM Modi’s Visit to Uttar with minimum 30 years of professional
Pradesh and Bihar from 18th to 19th June experience to serve as the chairperson and
minimum 25 years of professional experience
2024
to serve as members.
Prime Minister (PM) Narendra Modi visited Uttar
✓ The Act empowers the central government to
Pradesh (UP) and Bihar from 18th to 19th June 2024.
appoint an adjudicating officer. He/ She must
✓ PM Modi addressed the Kisan Samman
be the rank of joint secretary and above.
Sammelan in Varanasi, Uttar Pradesh (UP).
This marked PM Modi’s 1st visit to his
constituency, Varanasi, after being elected to New Criminal Laws Effective from 1st July,
the 18th Lok Sabha (Lower House) for a 3rd 2024: DoPT
consecutive term. The Department of Personnel and Training (DoPT),
✓ PM released the 17th instalment of Pradhan the Ministry of Personnel, Public Grievances and
Mantri Kisan Samman Nidhi (PM- Pensions(MoPPG&P) announced that 3 new criminal
KISAN) worth over Rs 20,000 crore through laws: Bharatiya Nyaya (Second) Sanhita (BNS2) Act,
Direct Benefit Transfer (DBT) to around 9.26 2023; Bharatiya Nagarik Suraksha (Second)
crore beneficiary farmers. Sanhita (BNSS2) Act, 2023; and Bharatiya Sakshya
✓ PM Modi Grants Certificates to 30000 (Second) Adhiniyam Act, 2023 will come into effect
Women from SHGs as Krishi Sakhis. from 1st July, 2024.
✓ These 3 new criminal laws have repealed the
DGCA Extended Licence of Maharishi Valmiki British-colonial era laws: the Indian Penal
Code (IPC), 1860; the Criminal Procedure
International Airport of Ayodhya
Code (CrPc), 1973 and the Indian Evidence Act
On 19th June 2024, The Directorate General of Civil
(IEA), 1872 respectively.
Aviation (DGCA) has extended the licence of
✓ The Act retains the provisions of the IPC which
Maharishi Valmiki International Airport in Ayodhya,
criminalises acts such as: rape, stalking and
Uttar Pradesh (UP). It has granted licence for a period
insulting the modesty of a woman, among
of 5 years. DGCA had granted an aerodrome licence
others. It also increased the maximum age of
to the Valmiki International Airport. The Airport was
the victim from 16 to 18 years, in case of
developed by Airport Authority of India (AAI) at cost
gangrape.
of Rs 350 crore.
✓ The Act considers murder by a group of 5 or
more persons on grounds of caste, language
Govt to Partially Implement New or personal belief as an offence. It has the
Telecommunications Act from 26th June provision of penalty for such crimes: life
2024 imprisonment or death, and with a fine.
The Government of India(GoI), in exercise of powers
given under sub-section (3) of section 1 of the DAHD Partners with NDDB for
Telecommunications Act, 2023 (44 of 2023) has Biocontainment Facility Upgradation &
notified that the provisions of sections 1, 2,10 to 30,
Repair Works
42 to 44, 46,47,50 to 58, 61 and 62 of the said Act will
Department of Animal Husbandry and Dairying
come into force from 26th June 2024.
(DAHD), Ministry of Fisheries Animal Husbandry and
✓ The Act has repealed the 138-year old
Dairying (MoFAHD) signed an agreement with the
Indian Telegraph Act, 1885, the Wireless
National Dairy Development Board (NDDB) for the
Telegraph Act (1933), and the Telegraph
“Upgradation of Biocontainment Facility and
Wires (Unlawful Possession) Act (1950).
associated repair works at Chaudhary Charan Singh
✓ The Act has provision to amend the TRAI Act,
National Institute of Animal Health (CCSNIAH)”,
1997 which will allow individuals
Baghpat (Uttar Pradesh).

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 ✓ The estimated budget for the project is Rs.
160 crores and is planned to be executed
within 20 months.

INTERNATIONAL AFFAIRS

IEP’ Global Peace Index 2024: India stands at concentrated in high-income countries, with
116th Rank out of 163 countries; Iceland another 12% in upper –middle income
countries including, China, Russia and South
Tops the list
Africa which contributed 7%, 3% and 2% of
According to the 18th edition of the Global Peace
agents respectively.
Index (GPI) 2024 released by the Institute for
✓ While, Lower-Middle Income Countries
Economics & Peace (IEP), India is ranked 116th out of
(LMICs) including India, contributed 4% of the
163 countries, climbing 10 positions from 2023.
total share of anti-bacterial agents in clinical
The list is topped by Iceland since 2008 followed by
development by location of research facilities.
Ireland(2nd), Austria(3rd), New Zealand(4th), and
India contributed only 1% to the global
Singapore(5th).
antibacterial R&D.
✓ Europe has been the most peaceful region in
the world and is home to eight of the ten
most peaceful countries since the start of the
GPI.
✓ India secured 126th rank with a score of 2.314
in 2023 whereas it has climbed 10 positions to
116th rank in 2024. India is listed on 116th
rank and is far behind its neighbours Bhutan
(21), Nepal (80), China (88), Bangladesh (93)
and Sri Lanka (100).
Top 5 in GPI Index 2024:
Rank Country Score
1 Iceland 1.112
2 Ireland 1.303
3 Austria 1.313
4 New Zealand 1.323
5 Singapore 1.339
116 India 2.319
Gautam Adani Meets Bhutan PM
Tshering Tobgay; Signed MoU to Establish
India Develops 4% of Global Antibacterial
570 MW Hydroelectric Plant
Agents : WHO Gautam Adani, Chairman of Adani Group, met with
The World Health Organisation (WHO) released its Dasho Tshering Tobgay, the Prime Minister (PM) of
annual report titled “2023 Antibacterial agents in Bhutan and announced the signing of an
clinical and preclinical development: an overview Memorandum of Understanding (MoU) with Bhutan's
and analysis”. The report evaluates the pipeline of Druk Green Power Corporation (DGPC) for a 570
antibacterial agents, including antibiotics, in clinical Megawatt (MW) green hydro electric plant in the
and preclinical development across the world. Chukha province, Bhutan.
✓ According to the report, 84% of antibacterial
Research and Development (R&D) is mainly

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SIPRI Report: India Possesses 172 Warheads; 2 Sweden
More Nuclear Weapons than Pakistan 3 Denmark
According to the Sweden-based Stockholm 4 Germany
International Peace Research Institute (SIPRI)’s annual 5 France
assessment of the state of armaments, disarmament 109 India
and international security, India’s nuclear weaponry
has grown from 164 warheads in January 2023 to 172
warheads in January 2024.
✓ India now holds more nuclear weapons
than Pakistan, which has recorded no
increase in the number of warheads(170 in
2023 and 2024) said in 55th SIPRI
Yearbook(2024).
Military stockpiles of nuclear warheads, January
2024:
Total Inventory Total Inventory
Country
(2023) (2024)
Russia 5889 5580
The United States
5244 5044
of America (USA)
China 410 500
France 290 290 WEF’s Energy Transition Index 2024: India
The United Ranked 63rd; Sweden Tops
225 225
Kingdom(UK) The World Economic Forum (WEF) in partnership with
India 164 172 Accenture released its annual report titled “Fostering
Effective Energy Transition 2024”. According to the
World Falling Behind on Environment, report, India has been ranked 63rd on the global
Health, and Hunger SDGs: UN’s Sustainable Energy Transition Index (ETI) 2024.
✓ Sweden reclaimed the top spot in the ETI
Development Report (SDR)
2024 with an ETI score 78.4, followed by
According to the 9th edition of the "Sustainable
Denmark (75.2) and Finland (74.5) in 2nd and
Development Report (SDR)" released by the UN
3rd rank respectively.
Sustainable Development Solutions Network (SDSN),
Top 5 Countries on ETI 2024 Ranking:
the world is significantly behind schedule in achieving
the Sustainable Development Goals (SDGs) set by the Rank Country ETI Score
United Nations (UN) in 2015, such as poverty 1 Sweden 78.4
reduction, hunger eradication, and environment 2 Denmark 75.2
protection. 3 Finland 74.5
✓ The report highlighted that globally, on an 4 Switzerland 73.4
average only 16% of the SDG targets are on 5 France 71.1
track to achieved by 2030. While, 63 India 55.3
remaining 84% of the SDG targets showed a
reversal of progress.
2024 SDG Index- Top 5 Countries:
Position Country
1 Finland

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Hurun Research Institute's ASK Private 2 Delhi NCR 29 (0) 10,310
Wealth Hurun India Future Unicorn Index Mumbai
3 19 6,499
(Maharashtra)
2024: 25 Future Unicorns Dropped Out
Chennai
According to the Hurun Research Institute's ASK 4 8(+2) 3220
(Tamil Nadu)
Private Wealth Hurun India Future Unicorn Index
Pune
2024, 25 future Unicorns (5 Gazelles and 20 Cheetahs) 5 4(+1) 1550
(Maharashtra)
including Rapido, Koo, Dunzo, and Paper Boat, were
dropped from the list. The drop reflects the impact of
funding constraints and valuation corrections in the IUCN Changes Iberian Lynx’s Status to
Indian startup ecosystem. ‘Vulnerable’ from ‘Endangered’ on its Red
✓ Only 3 start-ups (2 Gazelles and 1 Cheetah) List of Threatened Species
from the 2023 Index were promoted to The conservation status of the Iberian Lynx (Lynx
Unicorns with a valuation of over USD 1 billion pardinus), one of the world's rarest cats native to
each, including Indian grocery delivery Spain and Portugal, has improved from
startup Zepto, fintech startup InCred Finance, Endangered to Vulnerable on the International Union
and logistics startup Porter. for Conservation of Nature (IUCN) Red List of
✓ As per the 2024 Index, India is currently home Threatened Species, reflecting a significant increase in
to 67 Unicorns, 46 Gazelles, and 106 its population through conservation efforts.
Cheetahs as against 68 Unicorns 51 Gazelles, ✓ The population of the Iberian Lynx has
and 96 Cheetahs in the 2023 Index. exponentially increased to 648 in 2022 from
Top 5 Indian Cities: 62 mature individuals in 2001.
No. of Cumulative ✓ The Iberian Lynx was previously assessed for
Companies Valuation The IUCN Red List of Threatened Species in
Rank City
(USD 2014 and was listed as Endangered (from
(Change)
Million) Critically Endangered) under criteria D.
Bengaluru
1 46 (-7) 18,302
(Karnataka)

BANKING & FINANCE

MEA & SBI Signed MoU to Enhance Digital RBI Imposes Rs 1.45 Cr Penalty on Central
Payment Services for Users eMigrate Portal Bank of India
The Ministry of External Affairs (MEA), Government On 11th June 2024, the Reserve Bank of India (RBI)
of India (GoI), signed a Memorandum of has imposed a monetary penalty of Rs 1,45,50,000 on
Understanding (MoU) with the State Bank of India the Central Bank of India (CBI) for non-compliance
(SBI) to provide additional digital payment services of with specific directives issued by RBI on ‘Loans and
the SBI through SBIePay, a payment gateway, to the Advances – Statutory and Other Restrictions’ and
Indian migrant workers, Recruiting Agents (RAs) and ‘Customer Protection – Limiting Liability of Customers
other users of the eMigrate in Unauthorised Electronic Banking Transactions’.
portal(https://emigrate.gov.in).
✓ The MoU will come into effect after the IFC to Finance USD 105 million to
successful integration of SBIePay, the
Brookfield’s 550 MW Solar Project in
payment gateway of SBI with the eMigrate
portal. Bikaner, Rajasthan
The International Finance Corporation (IFC), a
member of the World Bank Group, has committed

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USD 105 million to part finance a 550 Megawatt peak
(MWp) solar power project in Bikaner, Rajasthan,
which is being developed by Brookfield Asset
Management Ltd(BAM), a leading global investment
firm based in Canada.
✓ This marks IFC's first investment in Asia and
the Pacific using a hybrid offtake structure,
selling solar power to the Commercial and
Industrial (C&I) consumers under corporate
Power Purchase Agreements (PPAs) and the
merchant markets. Federal Bank in Collaboration with NPCI
✓ The project is expected to annually mitigate
Launched RuPay Wave Credit Card with UPI-
Greenhouse Gas (GHG) emissions by 804,408
tons of Carbon dioxide (CO2) annually, Powered Transactions
equivalent to removing over 173,680 cars Federal Bank, an Indian private sector bank in
from the road. collaboration with the National Payments Corporation
of India (NPCI), has launched the Federal RuPay Wave
Credit Card, empowering customers with the Unified
RBI Cancels Licence of Purvanchal Co-
Payments Interface (UPI)-powered transactions on
operative Bank, UP the RuPay network.
The Reserve Bank of India (RBI) has cancelled ✓ This integration offers seamless digital
the licence of Purvanchal Co-operative Bank, transactions, combining RuPay credit card
Ghazipur, Uttar Pradesh (UP) due to lack of adequate benefits and features with UPI payment
capital and earning prospects. convenience.

ADB Approves USD 170 Million Policy-based IPPB Partners with Ria Money Transfer To
Loan to Strengthen Health Systems in India Offer Unique Remittance Services
The Asian Development Bank (ADB) has approved India Post Payments Bank (IPPB) has partnered with
a USD 170 million policy-based loan aimed at Ria Money Transfer to offer unique remittance
bolstering India’s health system preparedness and services across rural India. This partnership aims to
capacity to respond to future pandemics. provide customers in remote areas of India with
✓ The loan, under the Strengthened and convenient and affordable doorstep financial services.
Measurable Actions for Resilient and ✓ Through this collaboration, the International
Transformative Health Systems (SMART Inward Money Transfer service will initially
health) Subprogram 1, will support be offered at over 25,000 Post Office
India’s National Health Policy 2017. locations, with an expected reach of over 1
✓ The ADB has signed a USD 50 Lakh locations through the Post Offices.
million commitment to the Actis Asia Climate
Transition(AACT) Fund, an infrastructure fund
SabPaisa Gets RBI Nod To Operate As a
managed by Actis, a global sustainable
infrastructure investor. Payment Aggregator
SabPaisa, a payment solutions provider, has received
the ‘in-principle’ approval from the Reserve Bank of
India (RBI) to operate as a Payment Aggregator (PA)
under the Payments and Settlement Systems Act,
2007.

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 ✓ The licence will allow SabPaisa to offer capital and earning prospects and has failed to comply
comprehensive payment aggregation services with the requirements of the Banking Regulation Act,
to merchants across India. 1949.

CERT-In and Mastercard India Forge MoU to BharatPe, Invest India Collaborated to
Enhance India’s Cyber Resilience in Financial Promote Financial Inclusion among ODOP
Sector Producers
Indian Computer Emergency Response Team (CERT- BharatPe, a leading fintech company in India
In) under the Ministry of Electronics and Information announced that it has collaborated with Invest India
Technology (MeitY) has signed a Memorandum of to promote digital financial inclusion and digital
Understanding (MoU) with Mastercard India, to financial literacy across One District One Product
promote cooperation and information sharing in the (ODOP) producers and sellers across ODOP districts in
area of Cyber Security related to financial sector. India.
✓ This will improve access to the digital
NSE Launches Nifty India Tourism Index to payment mediums amongst ODOP merchants
in tier 3 and tier 4 cities and rural areas of
Track Travel & Tourism Stocks
India.
NSE Indices Limited, a subsidiary of the National Stock
Exchange of India Limited (NSE India), has
launched ‘Nifty India Tourism Index’, a new thematic Mirae Asset Investment Managers (India)
index to track the performance of stocks from the Launches India's 1st EV ETF, ‘Mirae Asset
Nifty 500 Index that represent the travel and tourism Nifty EV and New Age Automotive ETF’
sector. Mirae Asset Investment Managers (India) Pvt. Ltd
has launched India's 1st Exchange Traded Fund (ETF)
RBI Cancels City Co-operative Bank’s named ‘Mirae Asset Nifty EV and New Age
Licence Over Inadequate Capital Automotive ETF’, dedicated to the New Age
Automotive and Electric Vehicle (EV) markets. It is an
The Reserve Bank of India (RBI) has cancelled the
open-ended scheme replicating/tracking the NIFTY EV
licence of the City Co-operative Bank
and New Age Automotive Total Return Index (TRI).
Limited, Mumbai (Maharashtra) for lacking adequate

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 ECONOMY & BUSINESS

Fitch Ratings Raised India’s GDP Growth UNCTAD’s World Investment Report 2024:
Projection to 7.2% for FY25 India's FDI Inflows in 2023 Declined by 43%;
Global rating agency Fitch Ratings released its report Drops to 15th Spot in FDI Rankings
titled “Global Economic Outlook (GEO) for June According to the United Nations Conference on Trade
2024”, has raised its projection for India’s Gross and Development (UNCTAD)'s 2024 World Investment
Domestic Product (GDP) growth by 20 basis points Report: Investment facilitation and digital
(bps) from 7% (projected in March 2024) to 7.2% for government, India's Foreign Direct Investment (FDI)
fiscal year FY25 (2024-25). inflows fell by 43% in 2023, from USD 49 billion in
✓ But, India’s GDP growth for FY26 (2025-26) 2022 to USD 28 billion in 2023.
and FY27 (2026-27) will remain unchanged at ✓ India has retained its spot among the Top 5
6.5% and 6.2% respectively. for both kinds of FDI, the greenfield projects
and international project finance deals.
Wärtsilä Launches World First Large-Scale ✓ India slipped one rank and became the 4th
100% Hydrogen-Ready Engine Power Plant largest host economy for greenfield project
announcements in 2023. India retained its
Wärtsilä Oyj Abp, Finland based company has
2nd rank in international project deals.
launched the world's first large-scale 100% hydrogen-
✓ Global FDI decreased marginally
ready engine power plant to enable the net-zero
power systems. It can run on natural gas, 25% by 2% to USD 1.3 trillion in 2023, with a
sharper decline of over 10% (when excluding
hydrogen (H2) by volume blends and has completed
certain exceptions) in global foreign
more than 1 million running hours, with over 1,000
investments for the 2nd consecutive year.
MegaWatt (MW) installed capacity globally.
Top 5 Host economies:
✓ The Wärtsilä 31 is an efficient medium-speed
4-stroke marine engine, which synchronises FDI inflows
2023
with the grid within 30 seconds from start Country (billions USD)
Rank
command, ensures energy security through 2023 2022
fuel flexibility and offers unparalleled load The United
following capabilities and high part load 1 States of 311 332
efficiency America(USA)
2 China 163 189
3 Singapore 160 141
India’s GDP growth is Likely at 7.3% in
Hong Kong,
Q1FY25: RBI’s June 2024 Bulletin 4 113 110
China
The Reserve Bank of India (RBI) released the June 5 Brazil 66 73
2024 issue of its monthly Bulletin. As per RBI’s latest 15 India 28 49
bulletin, it is quite optimistic that India’s Gross
Top 5 Home Economies:
Domestic Product (GDP) will be 7.3% in Q1 (April-
FDI inflows (billions
June) FY25 (2024-25) . 2023
Country USD)
✓ It also expected that the Current Account Rank
2023 2022
Deficit (CAD) for FY24 (2023-24) to be lower
1 USA 404 366
than 1% of GDP.
2 Japan 184 162
✓ RBI underscored that India’s CAD in the
3 China 148 163
external sector has remained very low i.e.
4 Switzerland 105 -74
CAD for three quarters of FY24 was 1.2% of
GDP.

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 Hong Kong, 20 India 13 15
5 104 106
China

AWARDS & RECOGNITIONS

Sahitya Akademi Announced Yuva Puraskar, (UNCCD) on the occasion of World Day to Combat
Bal Sahitya Puraskar Winners for 2024 Desertification and Drought (WDCCD) i.e. on 17th
June 2024.
The Executive Board of the Sahitya Akademi, India’s
✓ Sakore along with 9 others were recognised
National Academy of Letters, an autonomous body
as ‘Land Heroes’ ,during a programme of 30th
under the Ministry of Culture chaired by Madhav
anniversary of the UNCCD hosted by the
Kaushik, President, Sahitya Akademi declared a list of
Federal Ministry for Economic Cooperation
24 recipients of its Bal Sahitya Puraskar and 23
and Development (BMZ), the Government of
winners of its Yuva Puraskar for the year 2024.
the Federal Republic of Germany in Bonn,
✓ The award is given in 24 Indian languages (of
Germany.
which 22 languages are recognized as official
✓ Theme of 2024 WDCCD is, “United for Land :
languages in Schedule 8 of the Indian
Our Legacy. Our Future”.
Constitution and other two languaes are -
English and Rajasthani).
✓ The winners of Sahitya Akademi’s Bal Sahitya
Puraskar and Yuva Puraskar 2024 will receive
the award in the form of a casket containing
an engraved copper plaque and a cheque of
Rs 50,000 each at a ceremony to be held later.
Click here to read Winners List

Wildlife Filmmaker Shri Subbiah Nallamuthu

Won V. Shantaram Lifetime Achievement
Award at 18th MIFF
Subbiah Nallamuthu, a renowned wildlife filmmaker
from Chennai(Tamil Nadu) was honoured with the Dr
V Shantaram Lifetime Achievement Award during the
inauguration of the 18th Mumbai International Film
Virat Kohli Tops Kroll’s 2023 Celebrity Brand
Festival (MIFF 2024). The award carries a cash prize of
Rs 10 lakh, a trophy, and a citation. Valuation Report with USD 228 Million
✓ He gained prominence for his work on "Living According to Kroll’s Celebrity Brand Valuation Report
on the Edge", India's longest-running 2023: Brands, Business, Bollywood, Former Indian
environment series. Cricketer team Captain Virat Kohli has reclaimed the
top spot as India’s most valued celebrity with a brand
value of USD 227.9 million, USD 51 million(mn) higher
Siddesh Sakore, Indian Farmer from
than 2022.
Maharashtra Named Land Hero by UNCCD ✓ Bollywood Actor Ranveer Singh, who topped
Siddesh Sakore, a farmer from Kendur village, the 2022 list, dropped to the 2nd position
Maharashtra (India) and founder of AGRO RANGERS with a brand value of USD 203.1 million.
has been named as the ‘Land Hero’ by the United ✓ Shah Rukh Khan(3rd), Akshay Kumar(4th) and
Nations Convention to Combat Desertification Alia Bhatt (5th) are among the top 5.

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Top 10 Celebrity Brand Valuation Report 2023: Globally Acclaimed Filmmaker Vinod
Brand Value Ganatra Becomes 1st Indian to Receive
Rank Name of the Celebrity
(USD million)
‘Nelson Mandela Lifetime Achievement
1 Virat Kohli 227.9
Award’ of South Africa
2 Ranveer Singh 203.1
Vinod Ganatra, a globally renowned filmmaker and
3 Shah Rukh Khan 120.7
editor from Gujarat, now based in Mumbai,
4 Akshay Kumar 111.7
Maharashtra has become the 1st Indian to be
5 Alia Bhatt 101.1
honoured with the 'Nelson Mandela Lifetime
6 Deepika Padukone 96
Achievement Award' of South Africa for his
7 Mahendra Singh Dhoni 95.8
contribution to films.
8 Sachin Tendulkar 91.3
✓ He was conferred with the award at the 7th
9 Amitabh Bachchan 83.6
Nelson Mandela Children’s Film Festival in
10 Salman Khan 81.7
Johannesburg, South Africa for his
outstanding contribution to children's cinema.
Central Banking Awards 2024: RBI Wins 'Risk
Manager of the Year' Award Bilan Media, Somalia’s Only All-Women
The Reserve Bank of India (RBI) won the ‘Risk Media Team, won 2024 One World Media
Manager of the Year Award (2024)’ at the Central
Press Freedom Award
Banking Awards 2024, the 11th edition of the annual
Bilan Media, Somalia’s 1st and only all-women news
awards, presented by the Central Banking
team, has won the 2024 One World Media (OWM)
Publications, a London(the United Kingdom-UK)
Press Freedom Award during the 36th One World
based financial publisher owned by Infopro Digital.
Media Awards (2024) ceremony held at Curzon Soho
✓ Mumbai (Maharashtra) based IRIS Business
in London, United Kingdom (UK). With this award,
Services Limited has also won the prestigious
Bilan became the 1st Somali media team to receive
'Global Central Banking Award 2024'
this honour.
for Technology Services in London.
✓ Bilan was established by the United Nations
Note: Previously, Shaktikanta Das, Governor, RBI had
Development Programme (UNDP) in 2021 and
received the 'Governor of the Year' award in 2023.
has been funded by the European Union (EU)
Winners of 2024:
through UNDP since 2024.
✓ Central bank of the year: Central Bank of
Brazil
✓ Governor of the year: Andriy Pyshnyy, KVGB Received National Award from PFRDA
Governor of National Bank of Ukraine for Implementation of APY
Click here for the complete list of 2024 Indian Regional Rural Bank (RRB), Karnataka Vikas
winners. Grameena Bank (KVGB) sponsored by Canara Bank,
has received the National Award from the Pension
Fund Regulatory and Development Authority(PFRDA)
for maximum enrolment under Atal Pension Yojana
(APY).
✓ So far, more than 4.27 lakh (i.e. 4,27,736)
combined accounts were opened by KVGB
under APY. During the FY 24(2023-24), KVGB
has enrolled 86,350 accounts against the set
target of 67,932.

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 APPOINTMENTS & RESIGNATIONS

British Actor Theo James Appointed as Akhil Gupta Named as the Chairman of
UNHCR's Global Goodwill Ambassador Bharti AXA Life Insurance
The United Nations High Akhil Gupta has been named as the Chairman of
Commissioner for Refugees Bharti AXA Life Insurance Company Limited, wholly
(UNHCR), the UN Refugee owned by Bharti Group. Currently he is serving as the
Agency, has named British actor, Vice Chairman of Bharti Enterprises Limited.
producer, and model Theo James
(Birth Name: Theodore Peter Union Minister Dr. Jitendra Singh Assumes
James Kinnaird Taptiklis) as its
charge as Chairman of IIPA for 3rd
new Global Goodwill Ambassador.
✓ Goodwill Ambassadors are prominent public Consecutive Term
figures associated with UNHCR, enhancing the Dr. Jitendra Singh, Minister of State (MoS) in the
organization's global visibility through their Ministry of Personnel, Public Grievances and
influence, dedication, and hard work. Pensions(MoPP&P) has assumed the charge as
Chairman of the Indian Institute of Public
Administration (IIPA) for the 3rd consecutive term at
Ajith Kumar KK Named as MD & CEO of
the IIPA campus in New Delhi, Delhi. He has been
Dhanlaxmi Bank For 3 Year Tenure serving as Chairman of the IIPA since 2020.
Reserve Bank of India (RBI) has
approved the appointment of
Manoj Jain Appointed as CMD of Bharat
Ajith Kumar KK as the Managing
Director (MD) and Chief Executive Electronics Limited
Officer (CEO) of Dhanlaxmi Bank Navratna Defence Public Sector
Limited for a three-year tenure Undertaking (DPSU) Bharat
with effect from 20th June 2024. Electronics Limited (BEL) has
✓ He succeeds J.K Shivan, whose has been appointed Manoj Jain as its new
serving as the MD & CEO of the Dhanlaxmi Chairman and Managing Director
Bank since 2021. (CMD) with effect from June 20
2024. He succeeds Bhanu Prakash
Srivastava who served as CMD (Additional Charge)
from November 2022 to June 19 2024. Presently
Srivastava has been serving as the Director (other
units) of BEL since April 20 2022.

ACQUISITIONS & MERGERS

CCI Approves Proposed Combination of group under an inter-se arrangement between the
Interests Realignment, Legal Ownership, & members of the Family Branches.

Entities Management within Godrej Group ✓ CCI Approves Strategic Acquisitions by Real
Trustee in WeWork India and Embassy
The Competition Commission of India (CCI) has
Buildcon in OAW
approved the proposed combination involving the
The CCI has approved the acquisition of
realignment of interests, legal ownership, and
certain share capital of WeWork India
management of various entities within the Godrej
Management Private Limited (WeWork India)

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 by Real Trustee Advisory Company Private Company Limited, a subsidiary of Max Financial
Limited (Real Trustee) and acquisition of 100% Services for an amount of up to Rs.336 crore.
share capital of 1 Ariel Way Tenant Limited ✓ Axis entities, which includes Axis Bank, Axis
(OAW) by Embassy Buildcon LLP (Embassy Capital and Axis Securities, have increased the
Buildcon) total holding in Max Life Insurance Company
from 19.02% to 19.99%.
Axis Bank Acquires Additional Stake in Max
Life Insurance for Rs 336 crore WestBridge Capital Sells 1.75% Stake in AU
On June 19 2024, The Acquisitions, Divestments and Small Finance Bank For Rs 845 crore
Merger Committee of the Board of Directors of Axis Westbridge Capital, a private equity firm, has sold its
Bank Limited approved a proposal for acquisition of 1.75% stake (1.30 crore shares) in Jaipur (Rajasthan) -
additional equity shares of Max Life Insurance based AU Small Finance Bank(SFB) limited for Rs
845.10 crore through an open market transaction.

SCIENCE & TECHNOLOGY

MRU Installs GNSS Receiver In Partnership Sankara Eye Foundation India Launches First-
with ISRO of-its-Kind Innovation Lab for Eye Care in
Manav Rachna University (MRU) has become the first India
University in Delhi, National Capital Region (NCR) to Sankara Eye Foundation India has launched the first-
install a ‘Global Navigation Satellite System (GNSS) of-its-kind Innovation Lab for eye care in India, which
receiver’ and Space Weather Laboratory at its was supported by Gopalaswamy Doraiswamy Naidu
campus in collaboration with the National Charities, focussing on leading cutting-edge research,
Atmospheric Research Laboratory (NARL)-Indian development and advancement of eye care.
Space Research Organization (ISRO).
✓ This GNSS receiver is integrated into the NARL
Bharat 6G Alliance Signed MoU with 6G-IA of
North-South chain of receivers, contributing
to critical studies on weather, climate, space Europe & 6G Flagship of Oulu University,
weather, and planetary ionospheres. Finland to Drive 6G Innovations
Bharat 6G Alliance (B6GA) has signed a Memorandum
of Understanding (MoU) with 6G Smart Networks and
Ukraine Launches Unmanned Systems
Services Industry Association (6G IA) and 6G Flagship
Forces; World’s 1st Stand-alone Military
of Finland's Oulu University to further enable
Branch for Drone System development of secure and trusted
The Armed Forces of Ukraine officially launched telecommunication technology including resilient
“Unmanned Systems Forces (USF)”, a new stand- supply chains.
alone military branch aimed at supporting and ✓ It is in continuation of the already concluded
developing units of unmanned systems.. With this, MoU of Bharat 6G Alliance and Alliance for
Ukraine has become the 1st country in the world to Telecommunications Industry Solutions
establish a military branch dedicated to drone (ATIS)’s NextG Alliance of the United States of
systems. America (USA) which was signed in September
2023.
✓ Under Bharat 6G Vision, the Department of
Telecommunications (DoT) is already

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 evaluating 470 proposals on ‘Accelerated
research on 6G’.

ENVIRONMENT

Ophichthus Suryai: A New Species of Snake within the Gomphonemataceae (diatom) family in
Eel Discovered Off Odisha Coast India. The researchers discover a new astigmate
gomphonemoid diatom from the Eastern Ghats and a
Researchers from the Zoological Survey of India’s (ZSI)
closely allied species from the Western Ghats which
regional center in Gopalpur, Odisha, have identified a
were a members of the Gomphonemataceae in terms
new species of snake eel Ophichthus (Anguilliformes:
of symmetry and certain valve features.The discovery
Ophichthidae) off the Odisha coast.
was published in the journal Phycologia.
✓ The new species is named 'Ophichthus Suryai'
to honour Surya Kumar Mohanty, former
joint director of Fisheries & Animal Resources ‘Petrocosmea arunachalense’: New Plant
Development Department of Odisha Species Discovered in Arunachal Pradesh
government. A team of researchers from the Arunachal
Pradesh Regional Centre(APRC) of the Botanical
‘Indiconema’: New freshwater Diatom Genus Survey of India (BSI) has discovered a new plant
Discovered From The Eastern & Western species ‘Petrocosmea arunachalense’ from the
Mandala region of West Kameng district in Arunachal
Ghats
Pradesh(AR).
Researchers from the Agharkar Research Institute
(ARI) have discovered ‘Indiconema’, a new genus

SPORTS

Sumit Nagal Finishes as Runner-Up at ATP Winners of ATP Challenger 125 Perugia:
Challenger 125 Perugia Category Winners Runner-ups
Indian tennis player Sumit Nagal finished as runner- Men’s Luciano Darderi
up in the Men’s Singles at the Internazionali di Tennis Sumit Nagal(India)
Singles (Italy)
Città di Perugia 2024 (ATP Challenger 125 Perugia), a Miguel Ángel Sriram Balaji
part of Association of Tennis Professionals (ATP) Reyes-Varela Narayanaswamy
Challenger Tour 2024, held in Perugia, Italy. Men’s
(Mexico) & Guido (India) & Andre
✓ Italy's Luciano Darderi won the Men’s Singles Doubles
Andreozzi Begemann
title by defeating Sumit Nagal in the finals. (Argentina) (Germany)
Following his win, the 22-year-old rose to No.
34 in the PIF ATP Rankings.
✓ 2024 ATP Challenger 125 Perugia, the 9th World Athletics Continental Gold Tour 2024:
edition of the tournament, was organised by Neeraj Chopra Secures Gold in the Javelin
MEF Tennis Events at the Tennis Club Perugia Throw in Paavo Nurmi Games 2024
from 9th to 16th June 2024. Olympic and World Champion Neeraj Chopra secured
✓ With this victory, 26-year-old Sumit Nagal has a gold medal with 85.97m in the third attempt in
reached a career-high ATP singles ranking of men’s javelin throw at Paavo Nurmi Games 2024, a
71, so far he has secured 777 ATP points. His World Athletics Continental Tour (Gold level) event
previous best was 77. held on 18th June 2024 in Turku, Finland (Europe).

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 ✓ Finland’s Toni Keranen claimed the silver Chess: GM Arjun Erigaisi Wins Stepan
medal with a personal best throw of 84.19m, Avagyan Memorial RR Tournament 2024;
and Oliver Helander (Finland) won the bronze
Achieves His Career-Best Rank
medal with 83.96m.
Indian Grandmaster (GM) Arjun Erigaisi(20 years old)
Result of Javelin Throw at Paavo Nurmi Games 2024
won the title of the 2024 Stepan Avagyan Memorial
Throw (in
Rank Winner 17th-category Round Robin(RR) Chess Tournament
metres)
held at Jermuk, Armenia from 9th to 18th June 2024.
Neeraj Chopra
1 85.97m Top 3 on the Final Ranking after 9 Rounds:
(India)
Toni Keranen Rank Name (Country) Points
2 84.19m
(Finland) Arjun
1 6.5
Oliver Helander Erigaisi(India)
3 83.96m
(Finland) Sevian Samuel
2 5
Anderson Peters (USA)
4 82.58m
(Grenada) Tabatabaei M.
Andrian Mardare 3 5
5 82.19m Amin(Iran)
(Moldova)

Odisha Government Extends Hockey India

Sponsorship till 2036
Mohan Charan Majhi, Chief Minister(CM) of Odisha
announced that the Government of Odisha will
extend its sponsorship of the Hockey India(HI) for
another three years till 2036, which will mark the
completion of 100 years of the formation of
Odisha as a separate state in 1936.

OBITUARY

Former Odisha Governor Prevention of Discrimination and Protection

Murlidhar Chandrakant Bhandare Passed of Minorities.

Away
Former Governor of Srinivas Hegde, Former ISRO Scientist &
Odisha Murlidhar Chandrakant Bhandare passed Mission Director of Chandrayaan-1, Passed
away at the age of 95 in New Delhi, Delhi. He was Away
born on 10 December 1928 in Bombay, Bombay Srinivas Hedge, former Indian Space Research
Presidency, British India (now Mumbai, Maharashtra). Organisation (ISRO) scientist and Mission Director
✓ He also served as President of Supreme Court of Chandrayaan-1 (the 1st lunar mission of India
Bar Association twice. He was elected to the launched in 2008), passed away at the age of 71 in
Rajya Sabha Member of Parliament (MP) for 3 Bengaluru, Karnataka.
terms in 1980 and re-elected in 1982 and
1988.
✓ He served as the Governor of Odisha from
2007 to 2013. He also served as Chairman of
the United Nations (UN) Sub-Commission on

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Renowned Bharatanatyam Dancer & Padma Dancer and Padma Bhushan Awardee, has passed
Bhushan Awardee C V Chandrasekhar Passed away at the age of 89. He was born on 22nd May
1935 at Shimla, Himachal Pradesh.
Away
✓ In 2011, He was awarded the prestigious
Professor C V Chandrasekhar (fondly referred to as
‘Padma Bhushan’ (Arts) for his contributions
CVC or Chandru anna), a renowned Bharatanatyam
in Bharatanatyam.

BOOKS & AUTHORS

Alpana Killawala Authored a Memoir titled Alia Bhatt Launches Her Debut Children's
“A Fly on the RBI Wall” Book Titled "Ed Finds A Home”
Alpana Killawala, a former spokesperson for the Alia Bhatt, Bollywood actress, has launched her debut
Reserve Bank of India (RBI) has authored a memoir children’s picture book series titled ‘Adventures of
titled ‘A Fly on the RBI Wall: An Insider’s View of the Ed-a-Mamma: Ed Finds a Home’, sharing her passion
Central Bank’, offering an insightful glimpse into her for storytelling. The book features illustrations by
journey and the RBI’s transformation over 25 Tanvi Bhat.
years. The book is published by Rupa Publications
India.

IMPORTANT DAYS

International Day of Family Remittances ✓ The 2024 theme of WDCDD is, “United for
2024 - June 16 Land. Our Legacy. Our Future.”
✓ The global observance of the WDCDD 2024
The United Nations (UN)’s International Day of Family
was hosted by the Government of the
Remittances (IDFR) is annually observed across the
globe on 16 June to honour the dedication of millions Federal Republic of Germany, a signatory to
the UNCCD.
of migrants who support their families and
communities through remittances.
✓ The theme of the IDFR 2023–2024 World Crocodile Day 2024 - June 17
#FamilyRemittances campaign is, "Digital World Crocodile Day, also known as World Croc
Remittances Towards Financial Inclusion and Day, is annually observed across the globe on June 17
Cost Reduction." to raise awareness and highlight the plight of
endangered crocodiles and alligators around the
World Day to Combat Desertification and world. World Croc Day 2024 is organised by the
Crocodile Research Coalition, a Belize-based
Drought 2024 - June 17
nonprofit organisation, in conjunction with the Belize
The United Nations (UN)’s World Day to Combat
Zoo.
Desertification and Drought (WDCDD) is annually
observed across the globe on 17 June to raise
awareness and combat international issues linked to International Day for Countering Hate
Desertification, Land Degradation, and Drought Speech 2024 - June 18
(DLDD). The United Nations (UN)’s International Day for
✓ 17th June 2024 marks the 30th anniversary of Countering Hate Speech is annually observed across
the UNCCD, which was established on 17th the globe on 18 June to highlight and address global
June 1994.

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concerns over the rapid spread of hate speech from the French language, specifically from the word
worldwide. ‘pique-nique’ – a very informal meal eaten in the
✓ 18 June 2024 marks the observance of the 3rd open air.
International Day for Countering Hate
Speech. The 1st ever International Day for International Day for the Elimination of
Countering Hate Speech was observed on 18
Sexual Violence in Conflict 2024- June 19
June 2022.
The United Nations (UN)’s International Day for the
✓ The theme of International Day for
Elimination of Sexual Violence in Conflict is annually
Countering Hate Speech 2024 is “The Power
observed across the globe on 19 June to raise
of Youth for Countering and Addressing Hate
awareness about the need to end Conflict-Related
Speech”.
Sexual Violence (CRSV) and honour the victims and
survivors of sexual violence globally.
Sustainable Gastronomy Day 2024 - June 18 ✓ The theme of International Day for the
The United Nations (UN) Sustainable Gastronomy Elimination of Sexual Violence in Conflict 2024
Day is annually observed across the globe on 18 June is “Attacks against health care in conflict-
to raise public awareness about Gastronomy (the art affected areas: Impacts for survivors of
of food) and its contribution to sustainable conflict-related sexual violence”.
development. ✓ The first-ever International Day for the
✓ The annual observance of the Day is led by Elimination of Sexual Violence in Conflict was
the United Nations Educational, Scientific and observed on 19th June 2016.
Cultural Organisation (UNESCO) and the Food
and Agriculture Organization of the UN (FAO).
World Sickle Cell Day - June 19 2024
✓ The 1st ever Sustainable Gastronomy Day was
World Sickle Cell Day also known as World Sickle Cell
observed on 18 June 2017.
Awareness Day is annually observed across the globe
on June 19 to raise awareness and recognize sickle
Autistic Pride Day - June 18 2024 cell anaemia as a public health problem and promote
Autistic Pride Day is annually observed across the education about this genetic condition.
globe on 18th June to promote awareness about the ✓ The theme of World Sickle Cell Day 2024 is
understanding and acceptance of Autism Spectrum ‘Hope Through Progress: Advancing Sickle
Disorder (ASD), a neurological and developmental Cell Care Globally’, announced by the Global
disorder that affects communication and social Alliance of Sickle Cell Disease Organizations
interaction. (GASCDO), highlights the importance of
✓ This year 2024 marks the 20th Anniversary of advanced technology in identifying Sickle Cell
the Autistic Pride Day. Disease (SCD).
✓ The theme of Autistic Pride Day 2024 is
‘Taking the Mask Off’.
National Reading Day 2024 - June 19
✓ Autistic Pride Day was initiated by Aspies For
National Reading Day is annually observed across
Freedom (AFF), a solidarity and campaigning
India on 19 June to mark the death anniversary of
community that works towards spreading
Puthuvayil Narayana Panicker (PN Panicker), a
awareness about autism.
renowned teacher and educationist from Kerala, who
is widely regarded as the Father of the Library and
International Picnic Day - June 18 2024 Literacy Movement in Kerala.
International Picnic Day is annually observed across ✓ 19 June 2024 marks the observance of the
the globe on June 18 to celebrate the tradition of 29th National Reading Day.
meals taken outdoors in a park, lakeside, or any spot ✓ On 19 June 1996, the Government of Kerala
with a beautiful view. The word ‘picnic’ gets its origins and the PN Panicker Foundation started this

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 Day as “Vaayanadinam” or Reading Day in World Hydrographic Day 2024 - June 21
Kerala (state observance) to mark the 1st World Hydrographic Day (WHD) is annually observed
annual remembrance day of PN Panicker. across the globe on 21 June to raise awareness about
hydrography and its role in improving the knowledge
World Refugee Day 2024 - June 20 of the seas and oceans.
The United Nations (UN)’s World Refugee Day is ✓ The theme of WHD 2024 is “Hydrographic
annually observed across the globe on 20 June to Information - Enhancing Safety, Efficiency
honour refugees worldwide and recognise the and Sustainability in Marine Activities”.
strength and courage of people forced to flee their ✓ The annual observance of WHD is led by the
home countries to escape conflict or persecution. International Hydrographic Organization
✓ The theme of World Refugee Day 2024 is “For (IHO).
a World Where Refugees Are Welcomed”.
✓ World Health Organization (WHO) joins the International Day of Celebration of the
Office of the UN High Commissioner for Solstice 2024 - June 21
Refugees (UNHCR) (the UN Refugee Agency)
The United Nations (UN)’s International Day of
and partners to observing the World Refugee Celebration of the Solstice is annually observed
Day 2024.
across the globe on June 21 to highlight the
✓ The WHO‘s 5th Health for All Film Festival
importance and significance of solstice in various
(HAFF 2024) awarded the “Migrants and religions and ethnic cultures across the globe.
Refugees Health Special Prize” to “Dalal’s
✓ Every year, June 21 is marked as the day of
Story” directed by Alexandra Cordukes from
the summer solstice in the northern
Laundry Lane Productions (Australia). hemisphere of the world. This day marks the
1st day of summer and longest day and
10th International Day of Yoga - 21 June shortest night of the year.
2024 ✓ A solstice is a natural phenomenon which
The United Nations (UN)’s International Day of Yoga happens twice a year typically falls on either
(IDY) is annually observed across the globe on 21 June June 20th or 21st and December 21st or 22nd.
to raise awareness about the benefits of practicing
yoga, a 5,000-year-old ancient practice that originated World Music Day - June 21 2024
from India. World Music Day is annually observed across the
✓ 21st June 2024 marks the observance of the globe on June 21 to recognises the power of
10th IDY. The 2024 theme of IDY is “Yoga for Music.This day is also known as ‘Fete de la Musique’,
Self and Society.” which means ‘Festival of Music’ in French. The year
✓ The resolution establishing the IDY was 2024 marks the 42nd anniversary of the celebration of
proposed by India and endorsed by 175 Fete de la Musique.
member states.

STATE NEWS

Assam Secretariat Becomes India's 1st Eco- power project on the campus of Janata Bhawan in
friendly State Govt Headquarters Dispur, Guwahati, Assam.
The Assam secretariat became India’s first green
(eco-friendly) state government headquarters with
the inauguration of a 2.5 Megawatt (MW) solar

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Madhya Pradesh CM Inaugurates ‘PM Shri West Bengal Government Launched first-of-
Tourism Air Service’ its-kind Centralised Admission Portal for
Mohan Yadav, Chief Minister (CM) of Madhya Undergraduate College Admissions
Pradesh(MP) inaugurated the “PM Shri Paryatan The West Bengal government launched first-of-its-
Vayu Seva” (PM Shri Tourism Air Service) at Raja Bhoj kind “Centralised Admission Portal” for admission to
International Airport in Bhopal, Madhya Pradesh undergraduate courses in state government colleges
(MP). and recognised universities. The portal was launched
✓ PM Shri Tourism Air Service was launched by by Bratya Basu, School and Higher Education Minister,
MP Tourism Board (MPTB) in Public Private West Bengal at the Bikash Bhavan in Kolkata, West
Partnership (PPP) with Jet Serve Aviation Bengal.
Private Limited.

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 Current Affairs Weekly PDF – June 2024 – 4th Week
(25–30)

NATIONAL AFFAIRS

Prime Minister’s Visit to Jammu and ✓ Recognising the growing popularity of

Kashmir on 20th – 21st June 2024 E-rickshaws and E-karts, BIS also
introduced IS 18294: 2023, which
Prime Minister (PM) Narendra Modi visited
establishes safety standards for E-
Jammu and Kashmir(J&K) on the 20th and
rickshaws and E-Karts.
21st of June 2024 and inaugurated and laid the
foundation stone for multiple development
projects. SAMEER, MeitY Signed MoU with
✓ He also participated in the MCTE, Indian Army for Technological
‘Empowering Youth, Transforming Advancement
J&K’ event at the Sher-i-Kashmir
On 22nd June 2024, the Society for Applied
International Conference Centre
Microwave Electronics Engineering and
(SKICC) in Srinagar, J&K.
Research (SAMEER), an autonomous Research
✓ The Prime Minister launched the
& Development (R&D) institute under the
Competitiveness Improvement in
Ministry of Electronics and Information
Agriculture & Allied Sectors (JKCIP)
Technology (MeitY) signed a Memorandum of
Project, worth Rs. 1,800 crores.
Understanding (MoU) with Military College of
✓ PM Modi laid the foundation stone and
Telecommunication Engineering (MCTE),
inaugurated 84 major developmental
Indian Army, to promote collaboration in
projects valued at more than Rs. 1,500
“Next Generation Wireless Technologies for
crores.
Indian Army”.

BIS Introduces 2 New Standards IS MoE Constitutes 7 Member Committee

18590: 2024 & IS 18606: 2024 To To Reform Examination Process, NTA
Enhance Safety & Quality of EVs in Functioning
India The Department of Higher Education, Ministry
The Bureau of Indian Standards (BIS) has of Education (MoE) has constituted a seven-
introduced 2 new standards, IS 18590: 2024 member high-level committee to make
and IS 18606: 2024, aimed at enhancing recommendations on reform in the
Electric Vehicles (EVs) safety and quality in examination process, improvement in data
India. These standards are applied to the L (2- security protocols and functioning of the
wheelers), M (4-wheelers), and N (goods National Testing Agency(NTA).
trucks) categories of EVs. ✓ The committee is headed by Dr K.
✓ With these new standards, the BIS now Radhakrishnan, the former Chairman
has 30 Indian Standards (IS) dedicated of Indian Space Research Organisation
to EVs and their accessories, including (ISRO) and Chairman Board of
charging systems.

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 Governors (BoG), Indian Institutes of ✓ This honour celebrates the rich history
Technology (IIT) Kanpur. and exceptional skills of Srinagar's
artisans, whose work has gained
IRM India Affiliate Licenses SSU to international acclaim.
✓ From 2014, nearly more than 60 cities
Setup India’s 1st Global Centre for ERM
across the world recognised as World
in East India Craft City. Indian cities Mamallapuram
The India Affiliate of the Institute of Risk (Tamil Nadu), Jaipur (Rajasthan) and
Management (IRM) has licensed Sri Sri Mysore (Karnataka) were already
University (SSU), Odisha to set up India's first added in the list of World Craft City.
and East India's only Global Centre for
‘Enterprise Risk Management (ERM)’. The
MoC Initiates India's 1st Ever Pilot
global centre's objective is to build a safer and
secure environment for communities Project for Underground Coal
throughout East India by establishing Gasification in Jharkhand
partnerships with government agencies and Eastern Coalfields Limited (ECL), under the
local organisations. strategic direction of the Ministry of
Coal(MoC), has commenced India's first-ever
Union Minister Dr. Jitendra Singh pilot project for Underground Coal Gasification
(UCG) at the Kasta coal block in Jamtara
Launched “One Week One Theme”
District, Jharkhand.
(OWOT) Campaign ✓ The project will be managed by the ECL
Dr. Jitendra Singh, Union Minister of State in collaboration with the Central Mine
(MoS) (Independent Charge) for Science and Planning and Design Institute (CMPDI)
Technology, MoS (Independent Charge) for in Ranchi (Jharkhand) and Ergo Exergy
Earth Sciences, Government of India (GoI) has Technologies Inc. (EETI) from Canada.
launched “One Week One Theme” (OWOT)
campaign which demonstrates the recent
MWCD Launches 100-Days Special
success stories of India in various streams of
Science and Technology. Awareness Campaign on Women
✓ The initiative “One Week One Theme” Empowerment
launched under CSIR which aims to The Ministry of Women and Child
make innovation inclusive for all. Development (MWCD) has launched a ‘100-
days Special Awareness Campaign’ at
Srinagar Named ‘World Craft City’ by Vigyan Bhavan, New Delhi, Delhi to expand
awareness and outreach on women-centric
World Crafts Council
issues.
Srinagar, the summer capital of Jammu and
✓ It was launched during the ‘National
Kashmir (J&K), has been officially recognised
Workshop on Skill Acquisition and
as a ‘World Craft City’ by the World Crafts
Knowledge Awareness for Livelihood
Council AISBL (WCC-International), a global
Promotion (SANKALP): Hub for
non-profit organisation dedicated to
Empowerment of Women (HEW)’,
preserving and promoting traditional
which will run from June 21 to October
craftsmanship.
4 2024.

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Bangladesh PM Sheikh Hasina’s two- Union Health Minister JP Nadda
day State visit to India from June 21- Launched STOP Diarrhoea Campaign
22,2024 2024
Bangladesh Prime Minister Sheikh Hasina Union Minister Jagat Prakash Nadda , the
made a two-day state visit to India from 21st to Ministry of Health and Family Welfare
22nd June ,2024. (MoHFW), Government of India (GoI) launched
✓ It included signing of 10 Memorandum the National STOP Diarrhoea Campaign 2024.
of Understanding (MoUs), including The slogan of the campaign is: “Diarrhoea ki
seven new and three renewals. Three Roktham, Safai aur ORS se rakhen apna
of the new MoUs were vision dhyaan”.
documents in the area of digital
partnership, green partnership and blue
economy.
✓ Thirteen announcements were also
made including e-visa for Medical
Patients from Bangladesh and opening
of a new Indian consulate in Rangpur
in Bangladesh.
✓ MoU’s on Digital Partnership, Green
Partnership, Maritime Cooperation and
Blue Economy, Health and Medicine,
Space Technology, Railways,
Oceanography, Disaster Management,
Military Education.
✓ Announcements: e-medical visa facility
for Bangladesh, a joint technical
committee to discuss renewal of the Union Home Minister Amit Shah
Ganga Water Treaty, conservation and Introduces FTI-TTP for Indian
management of Teesta River, upper
Nationals and OCI Cardholders
ceiling of Muktijoddha Scheme Rs 8
Union Minister Amit Shah, Ministry of Home
lakh per patient, Bangladesh decided to
Affairs (MHA) launched the Fast Track
join the Indo-Pacific Oceans Initiative
Immigration-Trusted Traveller Programme
and agreement has been signed
(FTI-TTP) at Terminal-3 of the Indira Gandhi
between National Payments
International Airport or Delhi International
Corporation of India (NPCI) and
Airport (DEL) in Delhi, aimed at expediting the
Bangladesh Bank to launch the Unified
immigration process for pre-verified Indian
Payments Interface (UPI) in
nationals and Overseas Citizens of India (OCI)
Bangladesh.
cardholders.

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Mazagon Dock Shipbuilders Receives Space Station (ISS) with an Indian
Navratna Status; CEL Gets 'Mini astronaut.

RATNA'(Category-1) Status
Department of Public Enterprises(DPE), under MoE Launches National Campaign on
the Ministry of Finance(MoF), has granted the ToFEI
‘Navratna’ status to Mazagon Dock The Ministry of Education(MoE), Government
Shipbuilders Limited (MDSL), a Central Public of India (GoI) as part of the National Tobacco
Sector Undertaking(CPSU) under the Ministry Control Programme (NTCP), has launched a
of Defence(MoD). nation-wide campaign on Tobacco Free
✓ Central Electronics Limited (CEL), a PSU Educational Institutions (ToFEI).
under the Department of Scientific and ✓ With regard to this campaign,
Industrial Research (DSIR), Ministry of Secretary, Department of School
Science and Technology(MoST), has Education & Literacy, MoE issued a
received the ‘Mini RATNA (Category- detailed advisory to all States/UTs for
1)’ Status from the Department of Public complying with Guidelines of ToFEI as
Enterprises. per the ToFEI Implementation Manual.

Jake Sullivan APNSA of USA visited DoPT Notified Public Examinations

India on 17&18th June 2024; Held 2nd (Prevention of Unfair Means) Act,
iCET Meet with India’s NSA Ajit Doval 2024; Effective from 21st June, 2024
Jake Sullivan, the Assistant to the President The Department of Personnel and Training
for National Security Affairs (APNSA) of the (DoPT) under the Ministry of Personnel, Public
United States of America (USA) was on a 2-day Grievances and Pensions (MoPPG&P),
visit to New Delhi, Delhi from 17th to 18th June Government of India (GoI) in exercise of
2024. powers given under sub-section (2) of section 1
✓ Jake Sullivan and Ajit K Doval, NSA of of the Public Examinations (Prevention of
India co-chaired the second meeting of Unfair Means) Act, 2024 (1 of 2024)
the India-US initiative on Critical and has notified that all the provisions of the said
Emerging Technology (iCET) on 17 Act came into effect from 21st June 2024.
June 2024 at Hyderabad House, New ✓ The Act aims to prevent unfair means
Delhi. in public examinations and common
✓ India and the USA are making entrance tests held across India. All
preparations to launch the National offences will be cognizable, non-
Aeronautics and Space Administration bailable and non-compoundable under
(NASA)-Indian Space Research this Act.
Organisation (ISRO) Synthetic Aperture ✓ The Act consists of 19 sections across 6
Radar(NISAR) to combat climate chapters which deal with the various
change and other global challenges. aspects of public examination to ensure
✓ NASA administrator Bill Nelson has transparency and credit of the exams
announced that NASA will collaborate conducted by public authorities.
with India, which will include a joint ✓ The Union Public Service
effort of boarding the International Commission (UPSC), Staff Selection

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 Commission (SSC), Railway ✓ The Union Minister also launched
Recruitment Board (RRB), National ‘Krishi Katha’, a blog site which will
Testing Agency (NTA), Institute of serve as a digital platform to displays
Banking Personnel the voice of the Indian farmers and
Selection (IBPS), and the Departments amplify the experiences, insights and
of the central government and their success stories of farmers across India.
attached offices for the recruitment.
✓ All these offences are punishable under Union Minister Launches MSME
section 10 with imprisonment of
TEAM Initiative & Yashasvini
minimum 3 years which may extend
to 5 years, and a fine up to Rs 10 lakh. Campaign To Boost Online Trading of
MSMEs
Jitan Ram Manjhi, the Union Minister for
Union Minister Shivraj Singh Chouhan
Micro, Small and Medium Enterprises (MSME)
Launches Web Portal For Faster Bank
launched the MSME Trade Enablement and
Settlements Under AIF Marketing (TEAM) Initiative and Yashasvini
Union Minister Shivraj Singh Chouhan, Campaign to boost micro and small businesses
Ministry of Agriculture and Farmers’ Welfare trade using e-commerce and to support
(MoA&FW) has launched a new web portal to women entrepreneurs.
automate and accelerate the process of ✓ The two initiatives were launched
settlement of interest subvention claims of during the event of World MSME Day,
banks made under the Agriculture ‘Udyami Bharat’ on June 27 2024 in
Infrastructure Fund (AIF). New Delhi, Delhi.
✓ The portal was jointly developed by the ✓ It has been launched under the World
Department of Agriculture and Bank (WB)-supported Raising And
Farmers’ Welfare (DA&FW) and Accelerating MSME Productivity
National Bank for Agriculture and (RAMP) programme and implemented
Rural Development (NABARD). by National Small Industries
Corporation (NSIC).

INTERNATIONAL AFFAIRS

Highlights of MEA, Dr. S. Jaishankar ✓ Ranil Wickremesinghe, President of Sri

Visit to Sri Lanka on 20th June 2024 Lanka jointly unveiled the virtual
plaque to mark the formal
Union Minister Dr.
commissioning of the Maritime Rescue
Subrahmanyam Jaishankar, Ministry of
Coordination Centre (MRCC), a nerve
External Affairs (MEA), Government of India
centre for Search and Rescue
(GoI) visited Sri Lanka on 20th June 2024. This
operations at sea, in Sri Lanka built
marked his 1st bilateral visit to any country
with a USD 6 million grant from India.
after being sworn-in as External Affairs
✓ The MRCC was established by the
Minister (EAM) of India for 2nd consecutive
Navratna PSU Bharat Electronics
term.
✓ Union Minister S. Jaishankar and

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 Limited (BEL),Ministry of Defence, Fasano in Apulia, Italy from 13th to 15th June
Government of India. 2024. Prime Minister(PM) Narendra Modi
visited Italy from June 13-15, 2024, to attend
Israel Armed Forces and Hamas Placed the G7 Summit at the invitation of Giorgia
Meloni, PM of Italy.
on the UN List for Violations of
✓ Joe Biden, President of the USA
Children’s Rights and Volodymr Zelensky, President of
According to the United Nations (UN) annual Ukraine, signed a 10-year bilateral
report on Children and Armed Conflict, for the security agreement, during the 2024 G7
1st time, Israel Armed Forces, Hamas armed summit.
wing, IZZ al-Din al-Qasssam and Palestinian
Islamic Jihad’s armed wing, Al-Quds
Brigades, has been placed to the list in gross
violation of children’s rights.
✓ The report has also placed Sudan’s
Army and rivalry military the Rapid
Support Forces (RSF) on the blacklist
for the killing and maiming of children
and for attacks on schools and
hospitals, as both have been battling for
more than a year.

India Becomes World’s 3rd largest

Domestic Airline Market: OAG Report
According to the Official Airline Guide (OAG)
report, India becomes the 3rd largest domestic Global Liveability Index 2024: Austria’s
airline market in the world. India jumped Vienna Topped as World’s Most
from 5th position in 2014 as it saw the Liveable City; Syria’s Damascus
significant increase in it’s domestic airline
Ranked Least Liveable
capacity from 7.9 million (in April 2014) to 15.6
According to the Economist Intelligence Unit
million (in April 2024).
(EIU)’s Global Liveability Index 2024, Vienna,
✓ As per the report, the United States of
the capital of Austria, has topped the index as
America (USA) and China retained their
the most liveable city for the third consecutive
ranks at 1st and 2nd position with 86.1
year. Denmark’s Copenhagen maintained its
million and 67.8 million capacities,
second position, while Switzerland’s Zurich
respectively. Brazil and Indonesia at
moved up from 6th place(2023) to 3rd on the
4th and 5th position.
2024 list.
Note: No Indian City is ranked on the 2024 list
Italy hosted the 50th G7 Summit from of top 10 liveable cities in the world.
13th to 15th June 2024
Italy, which holds the Presidency of Group of
Seven (G7) for 2024, hosted the 50th G7 summit
(G7 Italia 2024) in Borgo Egnazia in the city of

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Global Liveability Index 2024: Top 5 and (Australia
Bottom 5: )
Most Liveable Least Liveable Karach
Ind Ind Calgary i
City 5 96.8 169 42.7
Ra City ex Ra ex (Canada) (Pakist
(Countr
nk (Country) val nk val an)
y)
ue ue
Damas Paraguay Becomes 100th Full Member
Vienna
1 98.4 173 cus 30.7
(Austria) of International Solar Alliance
(Syria) The Republic of Paraguay officially became
Copenhag the 100th full member of the International
Tripoli
en Solar Alliance (ISA), a treaty-based
2 98 172 (Leban 40.1
(Denmark international intergovernmental organization.
on)
) Paraguay handed over its Instrument of
Zurich Algiers Ratification to the ISA in New Delhi, Delhi.
3 (Switzerl 97.1 171 (Algeri 42 ✓ The ISA was conceived as a joint effort
and) a) by India and France to combat climate
Lagos change through deployment of solar
Melbourn
4 97 170 (Nigeri 42.2 energy solutions.
e
a)

BANKING & FINANCE

ICICI Bank Launches ‘SmartLock’ To RBI Partners with APIX To Host

Lock/Unlock Banking Services HaRBInger 2024 Hackathon:Innovation
ICICI Bank Limited has for Transformation
launched ‘SmartLock’, a first-of-its-kind safety The Reserve Bank of India (RBI) has partnered
feature on iMobile Pay, the official Mobile with APIX to host its 3rd global hackathon,
Banking app of ICICI Bank. The feature enables ‘HaRBInger 2024 : Innovation for
customers to lock/unlock multiple banking Transformation’. This partnership aims to
services instantly, without the support of bring the brightest minds together to address
customer care executive through phone or e- challenges in the financial industry.
mail. ✓ HaRBInger 2024 hosted on Application
✓ This also permits account holders to Programming Interface Exchange
lock or unlock the entire iMobile Pay. (APIX) platform. The Registration
This will enable customers to for HaRBInger 2024 started from 7th
lock/unlock internet banking, Unified June to 19th July.
Payments Interface (UPI) (including ✓ The two themes of the HaRBInger 2024
payments from other UPI apps linked to are “Zero Financial Frauds” and “Being
the bank account), credit and debit Divyang Friendly”.
cards. ✓ The cash prizes includes, (Indian
Rupee) INR 40 lakh for the winner in

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 each problem statement category, a
special prize of INR 20 lakh for the best
all-woman team.

INSILLION Enables Royal Sundaram

General Insurance to Integrate with
IRCTC to Transform Travel Insurance
Delivery
INSILLION, a New York, United States of
SEBI Constitutes 15-Member Working
America (USA)-based leading Insurtech Group to Review Derivative Trading
Software as a Service (SaaS) platform, has Norms
partnered with Royal Sundaram General The Securities and Exchange Board of India
Insurance Co. Ltd (RSGI), and the Indian (SEBI) has constituted a working group to
Railway Catering and Tourism Corporation review derivative trading norms. The 15
(IRCTC), to revolutionise travel insurance members working group will be headed by G.
delivery. Padmanabhan , former executive director of
the Reserve Bank of India (RBI).
Muthoot Microfin Secured Corporate
Agent Licence From IRDAI PSB Signed MoU With Indian Army
Muthoot Microfin Limited (MML) has secured For Salary Accounts
a corporate agent licence from the Insurance Punjab and Sind Bank (PSB), an Indian public
Regulatory and Development Authority of sector bank, has signed a Memorandum of
India (IRDAI) to provide insurance products to Understanding (MoU) with the Indian Army
its consumers while increasing its income and (IA) to offer a defence salary package with a
earnings. host of facilities including free insurance
cover.
HDFC Bank Launched a Digital ✓ The PSB Gaurav Bachat SB Salary
account is designed to provide for the
Investment Platform ‘HDFC Bank
distinct banking requirement of serving
SmartWealth’
and retired personnels.
HDFC Bank Limited, India's leading private
✓ The MoU provides the serving
sector bank, has launched ‘HDFC Bank
personnel, veterans and trainees with
SmartWealth’, a new digital investment
personal accident insurance
platform designed to make wealth services
(Death/Disability) cover up to Rs 1 crore
accessible to every Indian. The SmartWealth
and an air accidental cover of Rs 1.2
Application (App) enables users to create
crore.
SmartJars, which gives personalised portfolio
plans that can be modified or paused anytime.
‘Super.Money App’: Flipkart Launches
New UPI App To Offer Financial
Services
E-commerce platform, Flipkart has launched a

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Unified Payments Interface (UPI) Mindspace becomes first Indian REIT
app ‘Super.Money’ to offer payments, credit, to secure Rs 650-crore sustainability-
deposits and other digital financial services.
linked bonds from IFC
The app is now available in partnership with
Mindspace Business Parks Real Estate
Axis Bank Limited, and it offers credit through
Investment Trusts (Mindspace REIT), has
Utkarsh Small Finance Bank Limited (USBL).
secured Sustainability-Linked Bond(SLB)
worth Rs 650 crore from the World Bank
RBI Introduced Revised SAARC member International Finance Corporation
Currency Swap Framework for 2024- (IFC). It has become the first Indian Real Estate
27 Investment Trust(REIT) to issue such bonds.
Reserve Bank of India (RBI) introduced revised ✓ The bonds have been issued for the
South Asian Association for Regional tenure of 7 years with final redemption
Cooperation (SAARC) Currency Swap date of June 24, 2031, at a coupon of
framework for 2024-27, in concurrence with 7.94% per annum, payable quarterly.
the Government of India (GoI). According to
this framework, the RBI would enter into RBI Gold Reserves Overseas drops to
bilateral swap agreements with SAARC its lowest at 47%
central banks, who wish to avail the swap
The Reserve Bank of India’s(RBI) gold reserves
facility.
held overseas declined to their lowest level in
✓ As per the framework, a separate
six years by the end of March 2024,
Indian Rupee (INR) Swap window has
accounting for 47% of the total reserves
been introduced worth Rs 250 billion, to
accumulated since December 2017.
provide various concessions for swap
✓ By the end of March 2024, the RBI’s
support in INR.
total gold holdings stood at 822.1 tonnes
✓ RBI will continue to provide swap
and its at-home holdings increased
arrangement in USD and Euro through
from 39% in 2021 to 53% in March 2024.
a separate US Dollar/ Euro Swap
✓ The share of gold reserves held
Window worth USD 2 billion.
domestically by central banks rose
from 50% in 2020 to 68% by
ADB & AHFL Signed USD 60 Million December 2023, with expectations of
NCDs Deal to Offer Housing Loans to further increase to 74% within the next
Low-Income Women in India five years.

The Asian Development Bank (ADB) has

signed a USD 60 million Non-Convertible RBI authorizes Hitachi Payment
Debentures (NCDs) financing agreement with Services to Work as an Online
the Aadhar Housing Finance Limited (AHFL), Payment Aggregator
one of the largest affordable housing finance
Noida(Uttar Pradesh) based Hitachi Payment
companies in India. As of 25 June 2024, USD
Services Pvt. Ltd has received final
30 million has been disbursed.
authorization from the Reserve Bank of India
(RBI) to operate as an Online Payment
Aggregator under the payments and
Settlement Systems Act, 2007.

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RBI Raised WMA limit for States/UTs RBI Launches 'Finquiry' to Allow
by 28% to Rs 60,118 crore Fintechs Directly Discuss with RBI
Reserve Bank of India (RBI) announced that it The Reserve Bank of India(RBI) launched an
has raised Ways and Means Advances (WMA) exclusive 2-hour window called 'Finquiry' for
limit or financial accommodation for state fintechs to visit the FinTech department of the
governments and Union Territories (UTs) by RBI in Mumbai, Maharashtra. This initiative
28%, from Rs 47, 010 crore (fixed in April 2022) aims to provide a platform for fintechs to seek
to Rs 60, 118 crore and will come effect from, clarity and discuss fintech-related queries
1st July, 2024. directly with RBI officials.

RBI Imposes Rs 29.60 lakh Penalty on HDFC Life Launched ‘Bridge the Gap’
HSBC for Card Rule Violations Campaign to Enhance Life Insurance
The Reserve Bank of India (RBI) imposed a Awareness
monetary penalty of Rs 29.60 lakh on The On the sidelines of National Insurance
Hongkong and Shanghai Banking Corporation Awareness Day 2024(28th June 2024), HDFC
Limited (HSBC) for non-compliance with Life Insurance Company Limited introduced
directions issued by RBI on ‘Credit Card, Debit the ‘Bridge the Gap’ campaign to educate the
Card and Rupee Denominated Co-branded Pre- public about the role of life insurance. This
paid Card operations of Banks’ reiterated in initiative aims to clarify the benefits of life
‘RBI (Credit Card and Debit Card – Issuance insurance and inform the public about its
and Conduct) Directions, 2022. importance.

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 ECONOMY & BUSINESS

Nasscom-Zinnov DeepTech Start-up estimated at 4.5%, with Q1 at 4.9%, Q2 at

Report: India Ranks 6th Amongst the 3.8%, Q3 at 4.6% and Q4 at 4.5%.

Top 9 DeepTech Ecosystems Globally

According to the 2nd edition of the Nasscom- India's FY24 CAD declines to 0.7% of
Zinnov's DeepTech start-up landscape report GDP from 2% in FY23; records surplus
series, "India's DeepTech Dawn: Forging of 0.6% in Q4: RBI
Ahead", India ranks 6th among the top The Reserve Bank of India (RBI) states that
9 DeepTech ecosystems globally, with over India’s Current Account Deficit (CAD) reduced
3,600 deep-tech startups, which secured USD to 0.7% of Gross Domestic Product (GDP) (USD
850 million funding in 2023, a 77% drop from 23.2 billion) in the Financial Year 2023-
2022. 2024(FY 24) from 2% of GDP (USD 67 billion) in
✓ Of the 3,600+ DeepTech startups, 480 FY23.
were established in 2023—double the ✓ India’s current account recorded a
number (higher) from 2022. Notably, surplus of USD 5.7 billion, or 0.6% of the
74% focus on Artificial Intelligence (AI), GDP during the January-March 2024
up from 62% between 2014 to 2022. quarter of FY24, driven by a lower
merchandise trade deficit. In Q3 FY24,
S&P Global Ratings Retained India’s the CAD was USD 8.7 billion (1% of GDP).
Growth Forecast at 6.8% for FY25 ✓ Foreign portfolio investment (FPI)
recorded a net inflow of USD 44.1
S&P Global Ratings (previously Standard &
billion in FY24 after an outflow of USD
Poor’s) released its Economic Outlook Asia-
5.2 billion in FY23. Meanwhile, net
Pacific Q3 2024. It has retained India’s Gross
Foreign Direct Investment (FDI) inflow
Domestic Product (GDP) growth projection at
reduced to USD 9.8 billion in FY24,
6.8% for FY25 (2024-25).
down from USD 28 billion in FY23.
✓ The agency also noted that India’s
economic growth continues to surprise
on the upside as it revised India’s GDP
up to 8.2% for full FY24(2023-24).
✓ S&P Global Ratings has raised its
projection for India’s GDP from 6.1%
(projected in March 2024) to 6.9% for
FY26 (2025-26), and also, raised India’s
GDP for FY27 (2026-27) from 6.2%
(projected in March 2024) to 7%.
✓ S&P Global Ratings also estimated that
India’s retail inflation for FY25 will be
at 4.5%. This projection about inflation
is in alignment with the RBI’s retail
inflation projections for FY25 which is

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India’s External Debt Rises USD 39.7 Govt Monetised Assets Worth Rs 1.56
Billion Y-o-Y to USD 663.8 Billion: RBI Lakh Crore Under NMO in FY24,
Data Against Target of Rs 1.8 lakh Crore:
According to the Reserve Bank of India (RBI) NITI Aayog
official data released on 25th June 2024, According to the official data released by
India’s external debt at end-March 2024 was at National Institution for Transforming India
USD 663.8 billion, saw an increase of USD 39.7 (NITI Aayog). the Government of India (GoI)
billion over its level at end-March 2023. has monetized assets worth Rs 1.56 lakh crore
✓ The external debt to Gross Domestic in Financial year 2023-2024 (FY24) as against
Product (GDP) ratio (which included the set target of Rs 1.8 lakh crore, under the
both government and non-government National Monetisation Pipeline (NMP).
debt) decreased from 19.0% (at end- ✓ This represents a 159% increased
March 2023) to 18.7% (at end-March compared to the achievement in
2024). FY2021-22.
✓ The RBI data revealed that US dollar- ✓ The total monetisation under NMP
denominated debt, with the share of since its launch in 2020-2021 stands at
53.8%, again emerged as the largest Rs 3.85 lakh crore.
component of India’s external debt at ✓ Under NMP, the total target FY22 and
end-March 2024, followed by Indian FY23 was around Rs 2.50 lakh crore
Rupee (INR)(31.5%), Yen (5.8%), SDR against which Rs 2.30 lakh crore was
(5.4%) and the Euro (2.8%). achieved.

GRSE & German Firm Signed an Indian Economy Expected to Grow at

Agreement To Construct Four Multi- 7.5% in FY25: NCAER
Purpose Vessels The National Council of Applied Economic
Defence Public Sector Undertakings (DPSU) Research (NCAER) in its Monthly Economic
Garden Reach Shipbuilders and Engineers Review (MER) June 2024, projected that India’s
(GRSE) Limited, has signed an agreement with Gross domestic product (GDP) to grow at 7.5%
Germany-based Carsten Rehder Schiffsmakler in Financial year 2024-25 (FY25).
und Reederei GmbH & Co. KG to build and ✓ Unified Payment Interface (UPI)
deliver four multi-purpose vessels each with a registered 14 billion transactions (in
Dead Weight Tonnage (DWT) of 7,500 at a cost volume) in May 2024, saw growth of
of approximately USD 54 million. nearly 50% on Y-o-Y basis.
✓ Immediate Payment System (IMPS)
registered 557.7 million transactions (in
volume) in May 2024, saw growth of
11.2% on Y-o-Y basis.

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 AWARDS & RECOGNITIONS

Kozhikode Officially Declared as Brand Finance’s INDIA 100 2024: Tata

India’s First UNESCO “City of Group Retains No.1 Position as India’s
Literature” Most Valuable Brand
Kozhikode in north Kerala has become the According to the Brand Finance’s India 100
first Indian city to be be officially declared as 2024: The annual report on the most valuable
the United Nations Educational, Scientific and and strongest Indian brands June 2024, TATA
Cultural Organisation (UNESCO) “City of Group retained the Number 1 position in the
Literature”. Brand Value Ranking 2024 with a 9% growth
✓ P A Mohammed Riyas, Tourism in brand value to USD 28.6 billion. TATA
Minister, Kerala unveiled the logo of the Group, the most valuable brand in India,
“City of Literature” by UNESCO. became the 1st Indian brand to near a USD 30
✓ On 31st October 2023(World Cities million brand value mark.
Day), Kozhikode (Kerala) ✓ Infosys continues to retain its 2nd spot,
and Gwalior (Madhya Pradesh) were with a steady 9% growth in brand value
the only two Indian cities among the 55 (USD 14.2 billion), followed by HDFC
cities placed in the list of UNESCO Group in the 3rd spot with a brand
Creative Cities Network (UCCN). value of USD 10.4 billion.
✓ Note: These newly designated 55 ✓ Taj retains its reputation as the
creative cities will participate in the strongest Indian brand for the
2024 UCCN Annual Conference which 3rd consecutive year with a AAA+
is scheduled to be held in Braga, brand strength rating.
Portugal from 1st July to 5th July, 2024. Top 5 Most Valuable Indian Brands – 2024:
✓ Theme 2024 UCCN: “Bringing Youth to Brand
the Table for the Next Decade” Value
Rank Brand Sector
(USD
Renowned Indian Author Arundhati billion)
1 Tata Group Diversified 28.6
Roy Won PEN Pinter Prize 2024
IT
Renowned Indian Author ‘Arundhati Roy’ has 2 Infosys 14.2
Services
won the prestigious PEN(Poet, Playwright,
3 HDFC Group Banking 10.4
Editors Essayist, Novelist) Pinter Prize 2024
Life
for her ‘unflinching and unswerving’ writings.
Insurance
The prize is shared with a designated ‘Writer 4 Insurance 10.1
Corporation
of Courage’, someone who has been
of India (LIC)
persecuted for speaking out about her or his
Reliance
beliefs.
5 Industries Oil & Gas 8.4
Limited (RIL)

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Top 5 Strongest Indian Brands 2024: Sanjana Thakur Won Overall
Brand CommonWealth Short Story Prize 2024
Strength
The Commonwealth Foundation announced
Index Sanjana Thakur, an Indian writer from
Rank Brand
(BSI) Mumbai (Maharashtra) as the overall winner
score (out of 2024 Commonwealth Short Story Prize for
of 100) her story ‘Aishwarya Rai’, a reversed adoption
1 Taj 92.9 story.
✓ Thakur is the third Indian writer to win
2 Amul 91 the prize, which was launched in 2012.
Previously it was won by the Indian
3 LIC 88
writers Parashar Kulkarni (2016) and
4 Britannia 88 Kritika Pandey (2020).

State
5 Bank of 87.9
India

APPOINTMENTS & RESIGNATIONS

Atul Kumar Chaudhary Appointed as Anuj Tyagi, currently serving

Secretary of TRAI as the Joint MD of HDFC
ERGO, will succeed Ritesh
The Government of India (GoI) has appointed
Kumar, who has been the MD
Atul Kumar Chaudhary as the new Secretary
& CEO of HDFC ERGO General
of the Telecom Regulatory
Insurance since 2008.
Authority of India (TRAI) on a
deputation on foreign service
terms, initially for a period of IB Chief Tapan Kumar Deka & NHRC
two years. This appointment Secretary General Bharat Lal Gets One
comes after the superannuation of V Year Extension in Service
Raghunandan on May 31 2024. The Appointments Committee of the
✓ He served as Deputy Director General Cabinet(ACC) headed by Prime Minister(PM)
(DDG) in the Department of Narendra Modi has approved a one-year
Telecommunications (DoT), under the extension in service to Tapan Kumar Deka as
Ministry of Communications (MoC). the Director of Intelligence Bureau (IB) beyond
30th June 2024 or until further orders,
Anuj Tyagi Appointed as MD & CEO of whichever is earlier. He will continue to serve
HDFC Ergo General Insurance as Director of IB until 30th June 2025.
✓ The ACC has also approved the
HDFC ERGO General Insurance Company
extension in service of Bharat Lal as
Limited has appointed Anuj Tyagi as its new
Secretary General (SG) of the National
Managing Director(MD) and Chief Executive
Human Rights Commission (NHRC) on
Officer(CEO) with effect from 1st July 2024.

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 contract basis for a period of one year Naveen Chandra Jha Appointed as
beyond 30th June 2024. New MD & CEO of SBI General
Insurance
K-Pop Group SEVENTEEN Appointed Naveen Chandra Jha has been
UNESCO’s First-Ever Goodwill appointed as the new
Ambassador for Youth Managing Director and Chief
Audrey Azoulay, Director-General of the Executive Officer (MD & CEO)
United Nations Educational, Scientific and of SBI General Insurance
Cultural Organization (UNESCO), Company Limited. He was
appointed SEVENTEEN, the South Korean (K- nominated by the parent company, State Bank
Pop) boy band with 13 members, as UNESCO's of India (SBI) and succeeds Kishore Kumar
first-ever Goodwill Ambassador for Youth, Poludasu.
during a ceremony held in Paris, France.
✓ UNESCO and K-pop group SEVENTEEN NATO Appoints Dutch PM Mark Rutte
launched a joint program called "Going as Next Secretary-General
Together – For Youth Creativity and
The North Atlantic Council
Well-Being”, an ambitious joint grant
officially appointed Mark
programme for youth projects around
Rutte, the acting Prime
the world.
Minister (PM) of the
Netherlands (Dutch) as the
Deputy CM Bihar Samrat Chaudhary next Secretary General (SG) of
Appointed as Convener of the North Atlantic Treaty Organization
Reconstituted GST Rate Rationalisation (NATO). He will take office on 1st October
2024, from the current NATO SG Jens
Panel
Stoltenberg, former PM of Norway (2000-2001
The Goods and Services Tax
and 2005-2013).
(GST) Council has
✓ Jens Stoltenberg has been serving as
announced the appointment
the SG of NATO since October 2014. His
of Samrat Chaudhary,
10-year term is set to conclude on 1st
Deputy Chief Minister (CM),
October 2024.
Bihar as new convener of
the Group of Minister (GoM) of the
reconstituted GST rate rationalisation panel. Om Birla Elected Speaker of
✓ He will succeed Suresh Khanna, 18th Lok Sabha for 2nd Consecutive
Finance Minister of Uttar Pradesh(UP) Term by Voice Vote
who has been serving as the convener Om Birla (61-year old),
of GST rate rationalization since candidate of ruling National
October 2023. Democratic
Alliance (NDA), was elected as
Speaker of
the 18th Lok Sabha(Lower
House of the Parliament) for a 2nd consecutive
term. He was elected against the opposition

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Indian National Developmental Inclusive to supporting talented and
Alliance (INDIA) bloc’s ambitious Indian
candidate, Kodikunnil Suresh, 8 time-Member sportspersons.
of Parliament (MP) from Mavelikkara Note: The other BoB endorsers
constituency, Kerala by a voice vote. include PV Sindhu
✓ Lok Sabha Speaker Om Birla formally (Badminton star) and Shafali Verma
recognised Congress party (Cricketing youth icon).
leader, Rahul Gandhi as Leader of
Opposition (LoP) in 18th Lok Sabha IBJA Reconstituted Governing Board;
(Lower House of the Parliament).
Prithviraj Kothari appointed as
President
Bank of Baroda Appoints Sumit Nagal
Mumbai, Maharashtra-based Indian Bullion
as its Brand Endorser and Jewellers Association (IBJA) has
Bank of Baroda (BoB), a leading public sector reconstituted its governing board for 2024-
bank in India, appointed Sumit Nagal, rising 2029 and Prithviraj Kothari of Riddi Siddhi
Indian tennis player as its Brand Endorser. Bullion Ltd has been appointed as the national
This move aligns with the BoB's commitment president.

ACQUISITIONS & MERGERS

CCI Approves Acquisition of Shares of investments company, by way of a

Sneha Farms Pvt Ltd by Mitsui & Co., combination of primary subscription and
secondary purchase.
Ltd.
✓ CCI approved the acquisition of
The Competition Commission of India (CCI)
acquisition of at least 50.21% and up to
approves the acquisition of certain equity
54% shareholding on a fully diluted
shares of Sneha Farms Private Limited (Sneha
basis of Cigniti Technologies Limited
Farms), a private limited company, by Mitsui &
(Cigniti) by Coforge Limited (Coforge).
Co., Ltd. (Mitsui), a Japanese trading and

SCIENCE & TECHNOLOGY

China-France Satellite SVOM It was co-developed by China National Space

Launched to Monitor Gamma-Ray Administration (CNSA) in partnership French
space agency, Centre National
Bursts in Space
d’Etudes Spatiales (CNES).
China successfully launched the Space
✓ The satellite will be placed at a orbit
Variable Objects Monitor (SVOM), a space
625 Kilometers (Kms) above the Earth.
science satellite, through the Long March 2-C
It will send real-time data to ground
carrier rocket at the Xichang Satellite Launch
observatories.
Center in Sichuan Province, Southwest China,
✓ It carries 4 scientific payloads i.e. the
China.
ECLAIRs coded mask camera and the

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 Micro-channel X-Ray telescope made ✓ Pushpak (RLV- Technology
by French scientists, and the Gamma – Demonstrator (TD)), the winged vehicle
Ray Burst monitor, to measure the was lifted and released by an Indian Air
spectrum of emissions from GRBs and Force (IAF) Chinook Helicopter at a 4.5
the Visible Telescope, will monitor light kilometer (km) altitude.
emitted in optical wavelengths
immediately after a GRB event, made by NASA Launches NOAA's 4th & Final
Chinese scientists.
Weather Satellite 'GOES-U' on SpaceX's
✓ It is also equipped with the
BeiDou Navigation Satellite (BDS) Falcon Heavy Rocket
System of China that will help to use The National Aeronautics and Space
BDS short message services. Administration (NASA) successfully launched
✓ It is a 930 kilogram (kg) spacecraft built the GOES-U (Geostationary Operational
by Innovation Academy for Environmental Satellite), the 4th and final
Microsatellites of the Chinese Academy satellite in the GOES-R series of advanced
of Sciences (IAMCAS) in Shanghai, weather satellites for NOAA (National Oceanic
China. and Atmospheric Administration). The
satellite is part of an $11 billion upgrade to the
nation's forecasting infrastructure.
MoD Signed 350th iDEX Contract
✓ NOAA GOES-U was launched on a
With SpacePixxel To Develop SpaceX Falcon Heavy rocket from
Miniaturised Multi-Payload Satellites Launch Complex 39A at NASA’s
The Ministry of Defence (MoD) signed a Kennedy Space Center in Florida, the
contract with Bengaluru (Karnataka)- based United States of America (USA).
SpacePixxel Technologies Private Limited to ✓ GOES-U is making history by carrying
design and develop a Miniaturised Satellite the 1st operational satellite solar
capable of carrying multiple advanced coronagraph called the Compact
payloads up to 150 kgs for the Indian Air Force Coronograph-1 (CCOR-1).
(IAF).
✓ It is being awarded as the first- DRDO Handed Over Medium Range-
ever iDEX Prime (Space) Satellite Grant
Microwave Obscurant Chaff Rocket to
under the Mission DefSpace: Open
Challenge. Indian Navy
The Defence Research and Development
Organisation (DRDO), the Research and
ISRO Successfully Conducts “Pushpak”
Development (R&D) wing under the Ministry of
Reusable Launch Vehicle (RLV) Defence (MoD), handed over the Medium
3rd Consecutive Landing Experiment Range-Microwave Obscurant Chaff Rocket
On 23rd June 2024, the Indian Space Research (MR-MOCR) to the Indian Navy at a ceremony
Organisation (ISRO) conducted the “Pushpak”- held in New Delhi, Delhi.
Reusable Launch Vehicle Autonomous ✓ The Microwave Obscurant Chaff (MOC)
Landing EXperiment (RLV-LEX-03) at the is a niche technology developed
Aeronautical Test Range (ATR) in Chitradurga, indigenously by DRDO’s Defence
Karnataka. Laboratory in Jodhpur, Rajasthan.

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NSIL & Space Machines Signed Launch Understanding (MoU) worth USD 18
Service Agreement for Optimus million with NSIL to enable the launch
of Australian satellites into orbit from
Spacecraft
Indian soil.
NewSpace India Limited (NSIL), the
commercial arm of the Indian Space Research
Organisation (ISRO), has singed a Launch DRDO Completes Six Developmental
Service Agreement with the Space Machines Trials of HEAT 'ABHYAS' at Odisha
Company, an Australian-Indian in-space The Defence Research and Development
servicing firm, to launch second Optimus Organisation (DRDO) has successfully
spacecraft, weighing 450kg, the largest completed the six consecutive developmental
Australian-designed and built spacecraft so trials of ‘ABHYAS’, the High-Speed Expendable
far. Aerial Target (HEAT), with enhanced Booster
✓ This Mission, named Space Configuration from the Integrated Test Range
MAITRI (Mission for Australia- (ITR) in Chandipur, Odisha.
India’s Technology, Research ✓ ABHYAS is a indigenous system
and Innovation) marks the significant designed by the DRDO’s Aeronautical
milestone in the strategic partnership Development Establishment (ADE),
between Australia and India in the Bengaluru (Karnataka). The ABHYAS
space domain. was developed through the production
✓ The 2nd Optimus spacecraft will be agencies - Hindustan Aeronautics
launched aboard NSIL’s Small Satellite Limited (HAL) and Larsen & Toubro
Launch Vehicle (SSLV) in 2026. Limited (L&T).
✓ The Government of Australia has
signed a Memorandum of

ENVIRONMENT

‘Dendrophthoe longensis’ & Islands of middle Andamans, Andaman

‘Petrocosmea arunachalense’: New and Nicobar islands (bio-geographic
hotspot of India).
Plant Species Discovered in Andaman
✓ A team of researchers from the
and Nicobar Islands and AR Arunachal Pradesh Regional
Indian botanists identified 2 new plant species Centre (APRC) of the Botanical Survey
from the Andaman and Nicobar islands and of India (BSI) has discovered a
Arunachal Pradesh(AR). The 2 new new plant species
species are Dendrophthoe longensis and ‘Petrocosmea arunachalense’ from the
Petrocosmea arunachalense . The discoveries cave from Mandala region of West
underscores the rich biodiversity of India. Kameng district in Arunachal
✓ A research team led by scientist Lal Ji Pradesh (AR) (bio-geographic hotspot of
Singh discovered a new plant species India).
‘Dendrophthoe longensis’ in Long

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 SPORTS

Table Tennis: India won 9 Medals at Sreejas

Yashaswini
WTT Contender Lagos 2024; Sreeja Akula and
Women Ghorpade and
Archana
Akula Becomes 1st Indian to win WTT Doubles Diya Chitale
Kamath
Singles title (India)
(India)
The Indian contingents won 9 medals (3 gold, Harmeet
1 silver and 5 bronze) at the World Table Olajide
Desai and
Tennis (WTT) Contender Lagos 2024 held Men’s Omotayo and
Manav
from 19th to 23rd June 2024 in Sir Molade Doubles Azeez Solanke
Thakkar
Okoya Thomas Indoor Sports Hall, Lagos, (Nigeria)
(India)
Nigeria.
✓ India’s Sreeja Akula won the 2024 WTT
Women’s Singles title by defeating F1: Red Bull's Max Verstappen won the
China’s Yijie Ding in the finals. She 2024 Spanish GP Title
became the first-ever Indian player to Red Bull’s Max Verstappen, a Belgian-Dutch
win a Women’s Singles title in the WTT racing driver, won the 2024 Spanish Grand
Contender. Prix (GP) (officially known as the Formula 1
Winners & Runners of WTT Contenders Lagos (F1) Aramco Gran Premio de España 2024)
2024: held at the Circuit de Barcelona-Catalunya in
Winner Runner- UP Montmeló, Barcelona, Catalonia, Spain.
Category
(Gold) (Silver) ✓ McLaren's Lando Norris, a British and
Women’s Sreeja Akula Yijie Ding Belgian racing driver and Mercedes'
Singles (India) (China) Lewis Hamilton, a British racing driver,
Dimitrij Ricardo finished 2nd and 3rd respectively.
Men’s
Ovtcharov Walther
Singles
(Germany) (Germany)

OBITUARY

Frank Duckworth, Co-inventor of DLS calculate target scores when the rain
Method, Passed Away interrupts the match.

Frank Carter Duckworth, an English

statistician and co-inventor of the Duckworth- Sikkim's Former Lok Sabha MP
Lewis-Stern (DLS) method, passed away at the Pahalman Subba Passes Away
age of 84. He was born on 26th December 1939 Pahalman Subba, Sikkim’s first elected
in Lancashire, United Kingdom (UK). DLS Member of Parliament(MP - Lok Sabha)
Method, invented by Frank Duckworth and passed away at Gangtok, Sikkim. He was born
Tony Lewis, is a mathematical calculation to on 12th March 1966 in Tikjek village, West
Sikkim.

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 BOOKS & AUTHORS

Maharashtra Governor Ramesh Bais Mumbai Region' at the Raj Bhavan in Mumbai,
Released a Book titled “Gateways to the Maharashtra. The book comprises 18 articles
by renowned authors, compiled by the
Sea”
Maritime Mumbai Museum Society (MMMS).
On 22nd June 2024, Ramesh Bais, Governor of
✓ The book is published by the
Maharashtra, released a book titled 'Gateways
Publications Division, Ministry of
to the Sea: Historic Ports and Docks of
Information and Broadcasting (MIB).

IMPORTANT DAYS

United Nations Public Service Day across the globe regardless of age, gender, or
2024 - June 23 athletic ability.
✓ This Day commemorates the founding
The United Nations (UN) Public Service Day is
of the International Olympic Committee
annually observed across the globe on 23 June
(IOC) at the Sorbonne, Paris, on 23 June
to celebrate the value and virtue of public
1894, where Baron Pierre de Coubertin,
service to the community and emphasise the
the French Historian revived the
contribution of public service in the
Olympic Games of ancient Greece.
development process.
✓ The 2024 theme of International
✓ The UN Public Service
Olympic Day is, "Let’s Move and
Day also marks the anniversary of the
Celebrate."
date when the International Labour
Organisation (ILO) adopted
the Convention on Labour International Widows Day 2024 - June
Relations (Public Service) in 1978 (ILO 23
Convention No. 151). The United Nations (UN)’s International
✓ The 2024 UN Public Service Widows Day is annually observed across the
Forum and Awards Ceremony takes globe on 23rd June to raise awareness about
place from 24 to 26 June the plight of widows worldwide and advocate
2024 in Incheon, Republic of Korea, for their rights and well-being.
under the theme ‘Fostering Innovation ✓ The theme of International Widows
amid Global Challenges: a Public Sector Day 2024 is ‘Accelerating the
Perspective’. achievements of Gender Equality’.
Click to know about the 2024 UNPSA Winners ✓ According to the UN, it is estimated that
around 258 million widows across the
International Olympic Day 2024 - June globe and one in 10 lives in extreme
23 poverty.
✓ India has the largest widow population
International Olympic Day is annually
in the world with the estimation of 40
observed across the globe on 23 June to
million widows – 10 percent of India’s
promote participation and peace in sports
female population.

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International Day of Women in globe on 25 June to acknowledge the crucial
Diplomacy 2024 - June 24 role Seafarers play in international maritime
trade and the global economy.
The United Nations (UN) International Day of
✓ 25th June 2024 marks the observance
Women in Diplomacy (IDWID) is annually
of the 14th edition of the Day of the
observed across the globe on 24 June to
Seafarer.
acknowledge the crucial role of women
✓ The annual observance of the DotS is
diplomats in promoting socio-economic
led by the International Maritime
equitable and inclusive sustainable
Organization (IMO).
development.
✓ The 2024 DotS campaign focuses on the
✓ 24 June 2024 marks the 2nd
invaluable contributions of seafarers to
observance of IDWID. The 1st ever
maritime safety. #SafetyTipsAtSea is
International Day of Women in
the new hashtag for the 2024
Diplomacy was observed on 24 June
campaign.
2023.The commemorative events of the
2024 IDWID focussed on the theme,
"Women's Leadership in Multilateral World Vitiligo Day 2024 - June 25
Diplomacy." World Vitiligo Day (WVD) is annually
✓ According to the UN Women’s Global observed across the globe on June 25 to raise
Data on Women Political Leaders 2024, awareness about vitiligo, a skin condition that
women are significantly affects 1-2 percent of people globally. This day
underrepresented in global executive serves as a platform to combat stigma,
positions, including Heads of State, promote acceptance, and advocate for those
Heads of Government, and Cabinet affected by vitiligo.
members. ✓ The theme for WVD 2024 is ‘United by
✓ India(6.5%) ranked 171st in terms of the skin’, which emphasises the
representation of women in importance of recognising and
Parliament. Finland(63.2%) topped in appreciating the unique beauty of
the list, followed by Nicaragua(62.5%) individuals with vitiligo and
and Liechtenstein(60%). encourages viewing vitiligo as a part of
Top 5 Countries(as of January 2024): human diversity.
Rank Country % Women ✓ This year campaign headquarters
hosted by the vibrant city of Cali,
1 Finland 63.2
Colombia, under the presidency of Dr.
2 Nicaragua 62.5
Claudia Arenas and General Secretary
3 Liechtenstein 60
Dr. Adriana Cruz.
4 Belgium 57.1
5 Andorra 54.5
171 India 6.5 International Day Against Drug Abuse
and Illicit Trafficking 2024 - June 26
The United Nations (UN) International Day
Day of the Seafarer 2024 - June 25
Against Drug Abuse and Illicit Trafficking
The United Nations (UN)’s Day of the Seafarer
(also known as World/International Drug Day)
(DotS) (also known as the International Day of
is annually observed across the globe on 26
the Seafarer) is annually observed across the

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June to raise awareness of the significant 12th Passport Seva Divas - 24 June
societal issues caused by illicit drugs and 2024
strengthen action and cooperation for an
Passport Seva Divas is annually observed
international society free of drug abuse.
across India on 24 June to mark the
✓ The 2024 campaign theme of
enactment of the Passports Act on 24 June
International Day Against Drug Abuse
1967. It also aims to ensure that passports
and Illicit Trafficking is, “The evidence
serve as crucial travel documents that
is clear: invest in prevention.”
significantly impact a country’s development.
✓ UNODC annually issues the World Drug
✓ 24 June 2024 marks the observance of
Report (WDR) on World Drug Day (26
the 12th Passport Seva Divas. He also
June). According to the report “World
presented the Passport Seva Puraskars
Drug Report 2024: Harms of world drug
for the best performing Passport Offices
problem continue to mount amid
and Passport Officers, the officials of
expansions in drug use and markets” ,
the CPO, State Police organisations
Overall, almost 292 million people or 1
along the personnel of the Service
in 18 of the world's population used a
Provider.
drug in 2022, a 20 percent more than a
decade earlier.
✓ Cannabis remains the most widely World Refrigeration Day 2024 - June
used drug worldwide (228 million 26
users), followed by opioids (60 million World Refrigeration Day (WRD) is annually
users), amphetamines (30 million observed across the globe on June 26 to raise
users), cocaine (23 million users), and awareness about the critical role that
ecstasy (20 million users). Refrigeration Air-conditioning and Heat-Pump
(RACHP) technologies play in modern life.
✓ The theme of World Refrigeration Day
International Day in Support of
2024 is ‘Temperature Matters’.
Victims of Torture 2024 - June 26
✓ June 26 commemorates the birth
The United Nations (UN)’s International Day
anniversary of the British
in Support of Victims of Torture is annually
mathematician and a thermodynamics
observed across the globe on 26 June to oppose
pioneer, William Thomson, better
the crime of torture and honour and support
known as Lord Kelvin. 2024 marks the
torture victims and survivors worldwide.
200th birth anniversary of Lord Kelvin.
✓ 26 June 2024 marks the observance of
the 27th International Day in Support of
Victims of Torture. The 1st ever World Micro-, Small, and Medium-
International Day in Support of Victims sized Enterprises (MSME) Day 2024 -
of Torture was observed on 26th June June 27
1998. The United Nations (UN) World Micro-, Small,
and Medium-sized Enterprises (MSME) Day is
annually observed across the globe on 27 June
to raise awareness about MSMEs'
contributions to achieving the UN Sustainable
Development Goals (SDGs).

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 ✓ Theme of MSME Day 2024 is ✓ This Day is also celebrated to mark
“Leveraging Power and Resilience of the birth anniversary of an eminent
Micro-, Small and Medium-sized statistician (Late) Professor Prasanta
Enterprises (MSMEs) to Accelerate Chandra (PC) Mahalanobis, also known
Sustainable Development and Eradicate as the 'Father of Modern Statistics in
Poverty in Times of Multiple Crises”. India.'
✓ 29 June 2024 marks the observance of
National Insurance Awareness Day the 18th National Statistics Day. The
2024 theme of National Statistics Day is,
2024 - June 28
"Use of Data for Decision Making."
National Insurance Awareness Day is
annually observed on 28 June to raise
awareness about the importance of insurance, International Day of the Tropics 2024 -
a financial product, in protecting individuals, June 29
families, and businesses from financial risks. The United Nations (UN) International Day of
✓ The day aims to educate people about the Tropics is annually observed across the
different types of insurance policies globe on 29 June to raise awareness about
and their benefits. specific challenges faced by tropical areas,
✓ The day also encourages everyone to highlight the global implications of issues
review their current insurance policies affecting the tropical zone, and emphasise the
and assess if they need any changes or role of tropical countries in achieving the
additional coverage. Sustainable Development Goals (SDGs).
✓ According to the IRDAI, in the financial ✓ The 1st ever International Day of the
year 2023, India‘s insurance premium Tropics was observed on 29 June 2017.
penetration accounted for 4% of the
Gross Domestic Product (GDP), lower World Allergy Week 2024 - June 23 to
than the global average of 6.8%.
29
World Allergy Week is an annual initiative of
National Statistics Day 2024 - June 29 World Allergy Organisation (WAO) to create
National Statistics Day (Statistics Day) is awareness about allergic diseases in our
annually observed across India on 29 June to communities. World Allergy Week 2024
acknowledge and appreciate the contributions observed across the globe from 23rd to
of statisticians in India and popularise 29th June 2024.
statistics as a field of study and its ✓ The theme of World Allergy Week 2024
significance in socio-economic planning, is ‘Childhood Food Allergy’, which
policy-making, and daily life. focuses on the weaning journey for
parents of babies with food allergies.

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 STATE NEWS

UP To Set Up World’s 1st Conservation South India’s First Leopard Safari

& Breeding Centre For Asian King Launched at BBP in Karnataka
Vultures On June 26 2024, Eshwar Khandre, the Cabinet
Uttar Pradesh(UP) is set to establish the Minister for Forest, Ecology and Environment,
‘Jatayu Conservation and Breeding Government of Karnataka launched South
Centre’, world’s first conservation and India’s First and largest Leopard Safari at the
breeding centre for Asian king vultures or red- Bannerghatta Biological Park (BBP) in
headed vultures or Pondicherry vultures in Bengaluru, Karnataka.
Maharajganj, UP.
✓ This initiative aims to improves the Centre Extends the Tenure of Andhra
population of the Asian king vultures, Pradesh’s Chief Secretary Neerabh
which has been listed as critically
Kumar Prasad by Six Months.
endangered in the International Union
The Department of Personnel and
for Conservation of Nature (IUCN)’s red
Training(DoPT), under the Ministry of
list since 2007.
Personnel, Public Grievances and
Pensions(MoPPG&P), has approved the
extension of the tenure of Neerabh Kumar
Prasad as Chief Secretary(CS) of Andhra
Pradesh(AP) for an additional 6 months with
effect from 1st July 2024 to 31st December
2024.

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