NATIONAL UPDATES:
1. Govt
appoints Ashwani Kumar as UCO Bank MD & CEO: The
Appointments Committee of the Cabinet (ACC) has approved the appointment
of Ashwani Kumar as Managing Director and CEO of UCO Bank. He
has replaced Soma Sankara Prasad, who superannuated on May 31, 2023. Prior to
this, he served as an Executive Director at Indian Bank. He would lead the
public sector bank for a period of three years from June 1, 2023. He would
also be eligible for an extension of the term of office, after a review of
his performance.
2. Ajay
Yadav appointed MD of Solar Energy Corporation of India Limited: Ajay Yadav has been appointed as the Managing Director of
Solar Energy Corporation of India Limited (SECI). He is a 2005 batch IAS
officer of the Bihar cadre. SECI is a Miniratna Category-I Central Public
Sector Enterprise (CPSE). It was incorporated in the year 2011. It is
the primary implementing agency of the Ministry of New and Renewable
Energy for Renewable Energy schemes/projects towards the fulfillment of India's
international commitments.
3. MeitY
launches pilot project on Electronics Repair Services Outsourcing: Ministry of Electronics and Information Technology
(Meity) has launched the Electronics Repair Services Outsourcing
(ERSO) Pilot initiative. Aim: To validate certain transformational policy
and process changes to make India the Repair Capital of the World The pilot
project is being conducted in Bengaluru and will run for three months. The government
has supported this project to make India a world leader in a hitherto
untapped domain.
4. Cabinet
approves scheme to increase grain storage capacity: The
Cabinet has approved the constitution and empowerment of
an Inter-Ministerial Committee for the facilitation of the “World’s
Largest Grain Storage Plan in Cooperative Sector”. This will be done by
the convergence of various schemes of the Ministry of Agriculture,
Ministry of Consumer Affairs, Food and Public Distribution, and Ministry of
Food Processing Industries. Ministry of Cooperation will implement a pilot
project in at least ten selected districts.
5. India's
GDP growth hits 7.2% for fiscal year 2022-23:
According to the Statistics Ministry's provisional estimate, India's GDP
is pegged to grow at 7.2% during the fiscal year 2022-23. The data is 20
basis points higher than the government's second advance estimate of 7%. The
GDP registered a growth of 6.1% in January-March 2023. Quarterly terms in
2022-23: 13.1% growth (Q1), 6.2% (Q2), and 4.5% (Q3) In the fourth
quarter, the agricultural growth was estimated at 5.5% and
Manufacturing growth at 4.5 %.
6. PM Modi to chair SCO Summit virtually: Prime Minister Narendra Modi will chair the 22nd Summit of the
SCO Council of Heads of State on 4th July. It will be held in the virtual
format. India assumed the rotating Chairmanship of SCO at the Samarkand Summit
on 16 September last year. All the SCO Member States, China, Russia,
Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan and Uzbekistan have been invited
to attend the Summit. In addition, Iran, Belarus, and Mongolia have been
invited as observer states. As per SCO tradition, Turkmenistan has also been
invited as the Guest of the Chair. The theme of the summit is ‘Towards a Secure
SCO’.
7. Krithivasan takes charge as CEO of TCS: Krithivasan took charge as
the chief executive officer (CEO) for Tata Consultancy Services (TCS). The
stepping down of erstwhile chief, Rajesh Gopinathan, isn’t expected to pose any
uncertainty for the company, for which Krithivasan is the fifth CEO in its
55-year history. Krithivasan, who has been at TCS for over 34 years now, will
be the oldest CEO appointment so far. His predecessor, Gopinathan, was the
youngest appointee, taking up the role in 2017, aged 46. TCS is India’s largest
information technology (IT) services firm by market capitalization.
INTERNATIONAL UPDATES:
1. India-EU
Connectivity Conference held in Meghalaya:
The India-EU Connectivity Conference is being organized
in Meghalaya on June 1, 2023. It is jointly organized by the
Ministry of External Affairs, EU Delegation to India, and the Asian Confluence.
Aim: To explore possibilities of boosting connectivity investments in
India’s North Eastern States and with India’s neighbours -- Nepal, Bhutan, and
Bangladesh It was inaugurated by Meghalaya CM Conrad Sangma, and MoS
for External Affairs Dr. Rajkumar Ranjan Singh.
2. India
emerges as key source country for FDI into Dubai:
According to a report released by 'fDi Markets’, a service from UK’s Financial
Times Ltd, India has emerged as a key source country for FDI in Dubai, one
of the wealthiest of the seven emirates in UAE. The top sectors by FDI
projects from India into Dubai in 2022 were software & IT services
(32%), business services (19%), consumer products, real estate, and financial
services. The top sectors by FDI capital from India into Dubai in
2022 were consumer products (28%).
3. Pakistan,
Afghanistan among global hunger hotspots: UN report: According to the UN's Hunger Hotspots – FAO-WFP early warnings on acute
food insecurity report, Pakistan, Afghanistan, and Myanmar, are among
the hunger hotspots in the world. Globally Hunger is set to worsen in 18
'hotspots' comprising a total of 22 countries. Highest Concern
Nations: Afghanistan, Nigeria, Somalia, South Sudan, and Yemen Very High
Concern Nations: Pakistan, the Central African Republic, Ethiopia, Kenya,
Congo, and Syria
4. University of Edinburgh launches Hindi course: The University of Edinburgh and the Indian consulate in the
UK have collaborated to create the first open-access course in Hindi
language. The Climate Solutions course is available in English, Arabic and
Hindi, with versions focused on Egypt, the UAE, India and the UK. It is
designed and delivered by award-winning climate change experts, including
Executive Director of the Edinburgh Climate Change Institute (ECCI) Professor
Dave Reay. This program named Climate Solutions was created with the help of
translators and developed in conjunction with the Edinburgh Climate Change
Institute and the government of India. The Climate Solutions: India (Hindi)
course, unveiled this month, looks at the science, impacts and solutions of
climate change in the country as a valuable resource for many thousands of
Hindi-speaking students and educators across India and the rest of the world. The
university said the collaboration between the government of India and the
university was instrumental in the launch of the new Hindi course, having been
carefully curated with the help of expert translators.
5. Suriname to host Indian energy majors from 19 June: The South American nation of
Suriname is hosting an oil and gas conference from June 19 to
23 in hopes of attracting energy companies, particularly from India. Suriname
is thought to have at least 3-4 billion barrels of oil reserves which were
discovered in recent years. India imports roughly 85% of its crude oil
requirements from abroad. While American and European energy companies
currently dominate the energy market in Suriname, the country’s officials are
interested in bringing in Indian companies and expertise.
6. Tayyip Erdogan re-elected as President of Turkey: Recep Tayyip Erdogan re-elected
as President of Turkey. After failing to secure more than 50 percent of
votes required for an outright win in the first round held on May 14, Erdogan
received 52.14 percent of votes in the second round on Sunday, beating his
rival, Kemal Kilicdaroglu, who won 47.86 percent. The vote seals Erdogan’s
place in history as he extends his 20-year rule for a further five years.
7. 1 June – Global Day of Parents: The Global Day of Parents is
celebrated annually on June 1. It aims to honour parents and their vital
role in nurturing and caring for their children. It recognizes the important contributions
parents make to the well-being and development of their families. The inception
of the Global Day of Parents can be traced back to 1983 when the Economic and
Social Council and the Commission for Social Development called upon the
Secretary-General to prioritize family-related issues. Subsequently, in 1989,
the United Nations General Assembly declared 1994 as the International Year of
the Family, highlighting the significance of families. Finally, in 2012, June 1
was officially designated as the Global Day of Parents through a proclamation
by the General Assembly. The inaugural observance of the Global Day of Parents
took place in 2013, marking a significant milestone in recognizing and
celebrating the role of parents worldwide.
8. 1 June – World Milk Day: World Milk Day is observed annually
on 1 June. Objective – To raise awareness about the benefits of milk for
overall nutrition and health. Theme – Enjoy Dairy The day is an
opportunity to appreciate the significance of milk and dairy products in our
lives. It is also a chance to support sustainable and responsible dairy
practices while promoting the importance of a balanced diet for overall health
and well-being. World Milk Day was established by the Food and Agriculture
Organization (FAO) of the United Nations to recognize the importance of milk as
a global food and to celebrate the dairy sector. The first World Milk Day was
celebrated on June 1, 2001, and since then, it has become an annual event
observed in many countries around the world.
OTHER UPDATES:
SPORTS
1. Bellingham named Bundesliga Player of the Season
2022-23: 19-year-old Borussia Dortmund football
player Jude Bellingham has been named Bundesliga Player of the
Season for his incredible campaign in season 2022/23. The award is a
well-deserved honor for the midfielder, who played a crucial role in BVB’s
title bid this season. At the age of 19, he became the youngest-ever captain of
Borussia Dortmund.
2. Jyothi Yarraji clinches gold medal at T-Meeting 2023: Jyothi Yarraji has bagged the gold
medal in the women’s 100m hurdles event in the T-Meeting 2023
athletics meet in Tilburg, Netherlands. The 23-year-old Jyothi Yarraji clocked
13.20s in the final to win the event at the category E World Ranking
competition. En route to the final, Jyothi Yarraji topped the heats with a time
of 13.08s. Angel Agwazie of Belgium clinched the silver with 13.64s while Dutch
athlete Mira Groot clocked 13.78s to bag the bronze. While Mohammed Afsal
Pulikkalakath finished third in the men’s 400m race at the T-Meeting 2023.
BANKING AND FINANCE
1. Bajaj
Allianz Life launches term insurance plan for Type 2 diabetics: Bajaj Allianz Life has launched an exclusive term insurance
plan for Type 2 diabetic and pre-diabetic individuals. The Bajaj Allianz Life Diabetic
Term Plan Sub 8 HbA1c is first of its kind protection plan in
the Indian life insurance industry. The insurer offers a 10% premium
reduction for individuals trying to achieve health goals and other health
management services. The policy term ranges from five to 25 years and
premiums can be paid monthly/annually.
2. Aegon
first to provide life insurance cover for surrogate mothers: Aegon Life has become the first insurance company to launch a
policy that covers surrogate mothers and egg donors. Aim: To support the
financial well-being of surrogate mothers and egg donors The new cover
aligns with the Surrogacy (Regulation) Act, 2021 and the Assisted Reproductive
Technology (Regulation) Act, 2021, introduced by the Ministry of Health &
Family Welfare. It provides a three-year life cover for surrogate mothers and a
one-year cover for egg donors
3. YES BANK launches new logo and campaign: Yes Bank has unveiled its new and refreshed brand logo. The
logo is designed to resonate with consumer needs by providing them utmost
experience. The design language is digitally friendly and reflects a brand that
believes in being fluid. The tick has been transformed into a soaring bird,
which represents the Bank’s current position of ‘soaring’. In addition, Yes Bank
is all set to roll out an integrated campaign with the tagline – ‘Life Ko
Banao Rich’ – which represents the bank’s core focus of being a complete
solution provider for every financial matter. The revamped identity extends
across bank’s headquarters, branches, products, digital platforms, and
communication materials
AWARDS AND HONOURS
1. AIIMS
Nagpur is the first AIIMS to receive NABH accreditation: All India Institute of Medical Sciences (AIIMS) Nagpur has become
the first of all AIIMS to receive National Accreditation Board
for Hospitals(NABH) accreditation. The NABH accreditation is a globally
recognized standard for healthcare quality. It assesses the performance of
hospitals in various areas including patient care, safety, and organizational
efficiency. AIIMS Nagpur achieved this accreditation by demonstrating its
commitment to excellence in all areas.
OBITUARIES
1. Padamashree Dr Ved Kumari Ghai passes away: A noted Sanskrit scholar Dr. Ved Kumari Ghai passed away at 91. She was an Indian Sanskrit scholar from Jammu City, J&K, and was head of the Sanskrit department at Jammu University. She was awarded the Padma Shri (India's fourth highest civilian award), a Certificate for her scholarship in Sanskrit, and President’s Award for Sanskrit. She was also awarded Gold Medal by Jammu and Kashmir Government for social work and the Dogra Ratan award.
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