NATIONAL UPDATES:
1. PM
Modi launches new series of coins with Azadi Ka Amrit Mahotsav design: Prime Minister
Narendra Modi has launched a special series of coins that are also ‘visually
impaired friendly’. The coins of Re 1, Rs 2, 5, 10 and 20 denominations will
have the Azadi Ka Amrit Mahotsav (AKAM) design. They are not commemorative
coins and will be part of circulation. These new series of coins will remind
people of the goal of amrit kal and motivate people to work towards the
development of the country. Meanwhile, lenders like HDFC Bank and Axis Bank
said these special coins will be distributed through select branches. AKAM is
an initiative of the Government of India to celebrate and commemorate 75 years
of independence.
2.
Andhra Pradesh launched ‘14400 app’ to report corrupt officials: Andhra Pradesh
Chief Minister Jagan Mohan Reddy launched the ‘14400’ app. This app has been
developed by Anti-Corruption Bureau (ACB). This app is customized for the
people to register corruption-related complaints against the officials in the
state. This app also aims to ensure fool-proof evidence to present before the
court. A complaint can be filed through a toll-free number 14400.
App works: The ACB 14400 app can be
downloaded from the Google play store. An OTP will be to the mobile number
through which registration is being done, and once registered, the app will be
ready to use. This app has two key features:
a)
One
is to live record audio, photo, or video and lodge a complaint instantly.
b)
Another
method is to send the videos, photos, documents, as well as other proofs and
lodge a complaint.
After a complaint is lodged, a reference
number will be sent to the registered mobile number. The IOS version of this
app will soon be launched. Any person who has been asked for a bribe from any
government official including the RDO office, collector office, Mandal level office,
sub-registrar office, police station, etc, must download this app and record
the conversation following which it would reach the ACB. The ACB has been
directed to report to the Chief Minister’s office.
Note: Andhra Pradesh Governor: Biswabhusan
Harichandan; Andhra Pradesh Chief Minister: Y. S. Jaganmohan Reddy.
3.
Tamil Nadu launched Nalaya Thiran skilling programme for college students: The Tamil Nadu
government recently launched Naan Mudhalvan (I am the first). Under this
programme, Tamil Nadu government has now launched Nalaya Thiran (Tomorrow’s
ability). In this programme, 50,000 college students will train with the
knowledge in computer science, electronics and IT domains, skilling them on
problem solving using technologies. The Tamil Nadu government has created the
Nalaya Thiran program to help the industry get skilled students.
This multi-agency programme has been
co-created by Nasscom, ICT Academy and Skill Development Corporation, giving
students access to much needed cross-cutting skills. This will help the
companies to get skilled workforce. It is not a pilot programme. Annually about
four lakh people are added to the workforce, of which, nearly one lakh are
STEM-related.
Note: Tamil Nadu Capital: Chennai; Tamil
Nadu Chief Minister: K. Stalin; Tamil Nadu Governor: N. Ravi.
4.
Goa CM Launches ‘Beach Vigil App’ for Holistic Management of beaches: The chief
minister (CM) of Goa, Pramod Sawant has launched a ‘Beach Vigil App’, a
collaboration between Information Technology (IT) sector and tourism sector
that aims to benefit tourists and the institutions working in the beach tourism
sector in a holistic management of beaches.
About the app:
a)
Through
the Beach Vigil App, the Drishti workers, police and other stakeholders can
raise issues for safeguarding the interest of the tourist’s.During the launch,
Goa IT and Tourism Minister Rohan Khaunte was also present.
b)
The
app will cover everything from reporting illegal hawkers and illegal massage
services to beach cleanliness. The Public Health Foundation of India report on
India’s rape related crimes states that Goa has documented the highest increase
of 559.4% in the last two decades, or 5.6 times the national average.
INTERNATIONAL UPDATES:
1.
India ranked worst in the world in terms of environmental performance in 2022: In the 2022
Environment Performance Index (EPI), an analysis by Yale and Columbia
University researchers that gives a data-driven evaluation of the situation of
sustainability around the world, India came in last out of 180 countries. Climate
change, environmental public health, and biodiversity are among the 40
performance factors used by the EPI to rank 180 nations.
About Rankings:
a)
With
an overall score of 18.9, India came in last, while Denmark came in first as
the world’s most sustainable country.
b)
The
US was ranked 20th out of 22 rich democracies in the western world, and 43rd
overall.
c)
The
comparatively low ranking reflects the Trump administration’s erosion of
environmental protections. The United States lost time to address climate
change as a result of its withdrawal from the Paris Climate Agreement and
reduced methane emission laws, while many of its counterparts in the
industrialised world enacted legislation to drastically reduce their greenhouse
emissions.
d)
Only
a few nations, like Denmark and the United Kingdom, are on track to fulfil net
zero emission objectives by 2050, according to EPI estimates.
e)
With
rapidly expanding greenhouse gas emissions, countries like China, India, and
Russia are heading in the wrong way.
2.
World Brain tumour Day: 8th June: World Brain Tumour Day is observed every
year on 8 June with an aim to create awareness about brain tumours. It is a
mass or growth of abnormal cells in your brain. There are two types of brain
tumors, noncancerous (benign), and cancerous (malignant). In 2022, the theme of
World Tumor Day is ‘Together We Are Stronger’.
World Brain Tumour Day History: World Brain Tumor
Day was first observed on June 8, 2000, by the German Brain Tumor Association
(Deutsche Hirntumorhilfe e.V.) for supporting brain tumour patients. It was
founded in the year 1998 and has 500 registered members from 14 nations. The
idea was to give support and raise funds to help Tumour patients and their
families. The association advocates science and research, especially in
neuro-oncology, to develop some effective treatments for brain tumours.
3.
World Accreditation Day: 9th June: World Accreditation Day (WAD) is
celebrated on June 9 every year. Accreditation plays a key role in supporting
the implementation of the United Nations Sustainable Development Goals (SDGs).
It aims to meet objectives such as increasing trade and addressing
environmental, health and safety concerns. This year the theme for World
Accreditation Day 2022 is “Accreditation: Sustainability in Economic Growth and
the Environment.”
World Accreditation Day History: World
Accreditation Day (WAD) was first accepted in 2007 by the Joint General
Assembly of both the International Accreditation Forum (IAF) and the
International Laboratory Accreditation Cooperation (ILAC). The first
celebration of World Accreditation Day took place on 9th June 2008.
Note: International Accreditation Forum
Founded: 28 January 1993; International Laboratory Accreditation Cooperation
Founded: October 1977.
OTHER UPDATES:
SPORTS
1.
National Air sports Policy 2022 launched by Civil Aviation Minister: The Minister of
Civil Aviation Shri Jyotiraditya M. Scindia launched the National Air Sport
policy 2022 (NASP 2022). The vision of NASP 2022 is to make India one of the
top sports nations by 2023. The policy ensures to provide safe, affordable,
accessible, enjoyable, and sustainable air sports in India.
The Air sports included various sports
events which are going to be in air medium. India as a developing country has
the potential to become one of the top countries in the world of air sports.
India has a huge geographical expansion and favorable weather which can be a
way of promoting air sports and India has a massive population, of which youth
is a major part. These sports events are going to be in air medium and the
coming youth will show greater participation in air sports.
For the Air sports, there are four
government structures formed under the Policy, which are named as follows.
a)
Air
Sports Federation of India (ASFI) is the apex governing body
b)
National
associations for individual air sports or a set of air sports, as appropriate
c)
Regional
(e.g. West/ South/ North East etc.) or State and Union Territory level units of
the national air sports associations, as appropriate; and
d)
District-level
air sports associations, as appropriate.
BANKING AND FINANCE
1.
NBFCUL Releases New Provisioning Norms for Standard Assets, issued by the RBI: The Reserve Bank
of India (RBI), in light of the growing involvement of non-banking financial
companies (NBFCs) in the financial system, has issued a set of standards for
provisioning for standard assets by large NBFCs. The RBI published a framework
for NBFC scale-based regulation in October of last year. NBFCs have a
four-layer regulatory structure based on their size, activity, and perceived
riskiness. Key Points:
a)
The
central bank defined rates of provision for outstanding loans given by
‘NBFC-Upper Layer’ in a circular issued.
b)
Individual
housing loans and loans to Small and Micro Enterprises (SMEs) have a provision
rate of 0.25 percent, whereas housing loans with teaser rates have a provision
rate of 0.5%.
c)
Individual
housing loans and loans to Small and Micro Enterprises (SMEs) have a provision
rate of 0.25 percent, whereas housing loans extended at teaser rates have a
provision rate of 2 percent.
d)
After
one year from the day on which the rates are raised, the latter will drop to
0.4%.
e)
The
rate of provision for the Commercial Real Estate Residential Housing (CRE – RH)
sector is 0.75 percent, while the rate for CRE other than residential housing
is 1%.
f)
The
provision rate for medium-sized businesses has been set at 0.4%.
BUSINESS AND ECONOMY
1.
Kiya.ai launches India’s first banking metaverse Kiyaverse: Kiya.ai, a digital
solutions provider serving financial institutions and governments globally,
announced the launch of India’s first-ever banking metaverse “Kiyaverse”. In
the first phase, Kiyaverse will allow banks to extend their own metaverse for
clients, partners, and employees, through services that will include
Relationship Manager & Peer Avatars and Robo-advisors. Objective of
Kiyaverse:
a)
Kiyaverse
pioneers use cases of merging real-world banking with Metaverse banking through
an avatar (virtual humanoid) based interactions.
b)
Kiyaverse
plans to have tokens as NFTs and support CBDC to enable open finance in a
Web3.0 environment. Kiyaverse will interface its Open API connectors with
Aggregators, and Gateways to enable a Super-App and Marketplace on the
metaverse.
c)
With
the introduction of Haptics enabled Headsets, Kiyaverse will provide a near
real-world interaction using the internet of senses.
Features of Kiyaverse:
a)
Kiyaverse
will enable customers to use their personalized avatars on digital banking
units, mobiles, laptops, VR headsets and mixed reality environments.
b)
The
platform will bring banking services from the real world to the virtual world
and vice-a versa, interacting with a relationship manager’s avatar creation and
customisation, AI-based digital customer interaction, portfolio analysis,
wealth management, co-lending, and corporate banking.
c)
Kiyaverse
provides 3-dimensional analysis of data for Banks including CMO Insights,
Product Performance, Risk Analysis and Channel Analytics.
Note: Kiya.ai MD and CEO: Rajesh Mirjankar;
Kiya.ai HQ: Mumbai.
DEFENCE
1.
Indian Army Contingent participates in the “Khaan Quest 2022” exercise: Indian Army
participates in a multinational exercise “Ex Khaan Quest 2022” where 16 other
countries also took part in Mongolia. President of Mongolia, Ukhnaagiin
Khurelsukh inaugurated the Exercise as the host. Indian Army is represented by
a contingent from the LADAKH SCOUTS. The 14-day exercise is aimed at enhancing
interoperability, building military to military relationships, developing peace
support operations and military readiness among participating nations.
The exercise will also enable sharing of
best practices between the Armed Forces of participating nations and will
include field training exercises, combat discussions, lectures and
demonstration. The military exercise will enhance the level of defence
co-operation between Indian Army and participating countries especially with
the Mongolian Armed Forces which will enhance bilateral relations between the
two countries.
Note: Indian Army Founded: 1 April 1895;
Indian Army Headquarters: New Delhi; Indian Army Chief of the Army Staff: Manoj
Pande; Indian Army Motto: Service Before Self.
2.
India successfully tested nuclear- capable Agni-4 ballistic missile in Odisha: India has
successfully executed a nuclear- capable Agni-4 ballistic missile from APJ
Abdul Kalam Island in Odisha. The missile has the range of around 4,000
kilometres. Earlier, India successfully test-fired an extended range version of
the BrahMos supersonic cruise missile from a Sukhoi fighter jet. It was the
first launch of the extended range version of the BrahMos missile from a
Su-30MKI aircraft.
List of Agni Missiles:
Agni-I MRBM: surface-to-surface medium-range
ballistic missile
Agni-II MRBM: surface-to-surface
medium-range ballistic missile
Agni-III IRBM: surface-to-surface
intermediate-range ballistic missile
Agni-IV IRBM: surface-to-surface
intermediate-range ballistic missile
Agni-V ICBM: surface-to-surface
intercontinental ballistic missile
Agni-VI: Four-stage Intercontinental ballistic missile
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