NATIONAL UPDATES:
1. Union
Minister flags off maiden International Cruise Vessel, MV Empress: Union Minister of Ports, Sarbananda Sonowal flagged off the maiden
International Cruise Vessel named 'MV Empress' from Chennai to Sri Lanka in
Chennai on June 5, 2023. It was built at a cost of 17.21 crore
rupees. This marks the beginning of the international cruise tourism
terminal in Chennai. For this cruise service, an MoU was signed in 2022
between Chennai Port and M/S Waterways Leisure Tourism Pvt Ltd to start
domestic and international cruise services.
2. Maharashtra
CM launches Asia's largest cluster development scheme: Maharashtra CM Eknath Shinde has launched Asia's largest,
ambitious and historic cluster development scheme in Thane. This scheme
was conceptualized for the collective redevelopment of unauthorized and
official dangerous buildings after the collapse of the Sairaj Building in
Thane. The redeveloped township plan includes well-equipped health,
educational, sports, recreational, parking, mandi, and civic facilities. The
project will be executed by the CIDCO.
3. Indian
Navy successfully carries out underwater test:
The Indian Navy and Defence Research and Development Organisation
(DRDO) have successfully engaged and destroyed an underwater target
using 'Varunastra' Heavy Weight Torpedo (HWT). It is a significant milestone in
the Indian Navy and DRDO for accurate delivery of ordnance on target in
the underwater domain. The Indian Navy and Naval Science and Technology
Laboratory (NSTL) of DRDO developed 'Varunastra', an advanced Heavy Weight
anti-submarine torpedo.
4. Kerala
CM Pinarayi Vijayan launches Kerala Fibre Optic Network project: Kerala Chief Minister Pinarayi Vijayan launched the Kerala Fibre
Optic Network (KFON) project at Shankaranarayanan Thambi Hall of the State
Legislative Assembly. Aim: To ensure internet facilities for all at
affordable rates in the State This project will bridge the digital divide
in the society. During the first phase of the KFON
initiative, Internet facilities will be provided to thirty thousand
government institutions and fourteen thousand houses in the State.
5. NHAI’s
first ‘Sustainability Report for FY 2021-22’: Union
Minister Nitin Gadkari has released NHAI’s first ‘Sustainability Report for
FY2021-22’, which covers NHAI’s governance structure, stakeholders,
environment, and social responsibility initiatives. From FY2019-20 to
2021-22, direct emissions were reduced by 18.44% and 9.49% due to
less fuel consumption Green House Gas Emissions saw a decline of 9.7% in
FY2020-21 and 2% in FY2021-22 Similarly in operations, energy intensity in
Giga Joules/km reduced by 27% in FY2021-22
6. PM
Modi launches schemes for wetland, mangrove conservation: PM Modi launched two schemes 'Amrit Dharohar' and 'MISHTI' to
revive the country's wetlands and mangroves. Amrit Dharohar: To ensure the
conservation of the existing Ramsar sites through public participation These
sites will become the center of eco-tourism and a source of green jobs for
thousands of people
MISHTI:
· It refers to Mangrove Initiative for Shoreline Habitats and Tangible
Incomes
· It will help revive and protect the mangrove ecosystem in the country
7. National Institutional Ranking Framework (NIRF)
Rankings 2023 released: The National Institutional Ranking
Framework (NIRF) Rankings 2023 were released by Minister of State for
Education and External Affairs, Rajkumar Ranjan Singh. The latest rankings
include four categories: Overall, Colleges, Universities, and Research
Institutions. The subject domains now consist of Engineering, Management,
Pharmacy, Law, Medical, Architecture and Planning, Dental, and a new addition —
Agriculture and Allied Sectors. IIT Madras has emerged as the top college under
the overall category for the fifth consecutive year and the best
engineering institute for the eighth consecutive year. Under the best
university category, IISc Bangalore has topped the university rankings followed
by JNU and Jamia Millia Islamia. Three private universities have also made it
to the list. Meanwhile, AIIMS Delhi too, retains the number one position under
the medical colleges category.
8. India’s first zero-carbon village being developed in
Bhiwandi: Union Minister of State
Kapil Patil announced that India’s first carbon-neutral village is
being developed in Bhiwandi Taluka of Thane district, Maharashtra. This
initiative aims to minimize carbon emissions and promote sustainable practices
for a cleaner and greener environment. Along with the carbon-neutral village,
121 tribal villages are being developed as model villages These model villages
serve as examples for sustainable development, showcasing effective
infrastructure, amenities, and improved living conditions. In the Bhiwandi Lok
Sabha Constituency, around 1,75,000 farmers are benefiting from the Pradhan
Mantri Kisan Samman Yojana. Earlier, Palli village in Jammu had become the
first carbon-neutral panchayat in the country.
9. Jitendra Singh inaugurates ‘Lavender Festival’ in
J&K: Union Minister of
State, Jitendra Singh has inaugurated a two-day lavender
festival at Bhaderwah, Jammu & Kashmir. The festival has been organized by
the CSIR-IIIM and is part of the institution’s ‘One Week One Lab Campaign’. It
showcases the remarkable progress made in lavender cultivation and its impact
on the local community. He also highlighted that Bhaderwah has emerged as the
Lavender capital of India and agri StartUp destination. The CSIR-Aroma Mission
is a flagship project of CSIR under which Lavender cultivation is being
promoted in the temperate regions of J&K The CSIR-IIIM has provided more
than 30 lakh free lavender plants to farmers in different districts of Jammu
and Kashmir.
INTERNATIONAL UPDATES:
1. Dennis Francis elected 78th UNGA president: A citizen of Trinidad and Tobago (TT), Dennis Francis created
history by becoming the first TT citizen to be elected as the President of
the UN General Assembly (UNGA). Francis, who has served in the diplomatic
service for over 40 years, was nominated on April 1 and faced no opposition in
the election. He will serve as the 78th President of the UNGA. The current
General Assembly President, Csaba Kőrösi of Hungary, noted that his successor
would bring a wealth of knowledge and experience to the post.
2. 6 June – UN Russian Language Day: United Nations celebrates UN Russian
Language Day every year on 6 June, which was established by
UNESCO in 2010. This day aligns with the birthday of Alexander Pushkin, a renowned
Russian poet known as the founder of the modern Russian language. The purpose
of this initiative is to promote equal recognition and appreciation for all six
official languages of the UN: English, Arabic, Spanish, Chinese, Russian, and
French. Each language is given the opportunity to find its own unique approach
and develop its own program of activities for the day, including inviting
famous poets and writers and developing informational and thematic materials.
OTHER UPDATES:
SPORTS
1. Max
Verstappen wins Spanish Grand Prix 2023: Max
Verstappen (Red Bull Driver) has clinched the pole position at
the Spanish Grand Prix 2023 extending his lead in the Formula One
championship by 53 points. Red Bull's dominance continued as they celebrated
their seventh consecutive triumph of the season. While Mercedes driver, Lewis
Hamilton (seven-time world champion) has secured the second spot for
Mercedes, followed by George Russell (Mercedes driver).
2. Aravindh
Chithambaram wins 23rd Dubai Open 2023: GM
Aravindh Chithambaram (India) won the 23rd Dubai Open 2023 for the second
consecutive year, at the 23rd edition of the Dubai Chess Open, organized by
Dubai Chess & Culture Club. A total of 172 participants (in category A)
from more than 46 different countries participated in this tournament. A total
of 9 rounds were played in Swiss format. He became one of only two players
to win back-to-back championships in the history of the Dubai Open Chess
Tournament.
3. Manisha wins Gold, Reetika clinches Silver at Bishkek
Ranking Series: Manisha won India’s first gold
medal in the women’s 65 kg category at the Ranking Series in Kyrgyzstan. Reetika won silver
in the women’s 72kg event and Sarita Mor won bronze in the women’s
59kg.
While
Manjeet won bronze in Greco-Roman wrestling on 4 May 2023. Manisha won four
matches in the four rounds she completed which helped her win the gold medal.
BANKING AND FINANCE
1. RBI
Governor launches Financial Inclusion Dashboard 'ANTARDRIHSTI': RBI Governor Shaktikanta Das launched a Financial Inclusion
Dashboard 'ANTARDRIHSTI' to provide the required insight to assess
and monitor the progress of financial inclusion by capturing relevant
parameters. It will enable the ability to gauge extent of financial exclusion
at granular levels across the country. Presently, the dashboard is
intended for internal use in the RBI. It will further facilitate greater
financial inclusion through a multi-stakeholder approach.
2. RBI
panel proposes on customer service send out wake-up call to banks: RBI has set up a committee for Review of Customer Service
Standards in RBI Regulated Entities, under the chairmanship of BP Kanungo.
Suggestions:
· The operations of accounts should not be stopped pending periodic KYC updates
· The committee has also suggested measures for the benefit of pensioners
· There should be a time limit for the return of property documents to
borrowers after the closure of the loan account, failing which a penalty should
be imposed on the lender
3. BoB
launches facility for cash withdrawals using UPI on its ATMs: Bank of Baroda has launched Interoperable Cardless Cash
Withdrawal (ICCW) facility, in which a customer can withdraw cash
using UPI from the bank's ATMs. It would be the first public sector
bank to launch this service. BoB customers as well as customers of other
participating issuer banks that use BHIM UPI, Bob World UPI, or any other UPI
application enabled for ICCW on their mobile phone can withdraw cash from
a Bank of Baroda ATM without using their debit card.
4. NSE,
BSE introduces enhanced surveillance for micro-small companies: BSE and NSE have introduced an enhanced surveillance
mechanism (ESM) for companies that have a market cap of less than
₹500 crore, which came into force on June 5. SEBI and exchanges in a joint
meeting have decided to introduce the ESM framework for "micro-small"
companies. Aim: To curb volatility in small-cap counters The parameters for
shortlisting the securities under the ESM framework include high-low price
variation and close-to-close price variation.
5. RBI fines Indian Overseas Bank Rs 2.2 crore for
multiple violations: Reserve Bank of India has imposed
a penalty of ₹2.2 crore on Indian Overseas Bank for violation of various
regulatory norms. The breach pertains to guidelines on disclosure of NPA
(non-performing assets) divergence, interest rates on deposits, and advisory on
‘Man in the Middle (MiTM) attacks in ATMs. RBI had conducted the Statutory
Inspection for Supervisory Evaluation as per Indian Overseas Bank’s financial
position as on March 2021, wherein it found contravention of certain provisions.
The public sector bank failed to make a minimum mandatory transfer of a sum
equivalent to 25 percent of its disclosed profit for FY21 to its reserve fund. Further,
there was a significant divergence between the NPAs, as reported by it and as
assessed by the inspection, and the bank offered interest on deposits of
non-individual constituents at rates applicable to senior/super senior
citizens, in certain instances. The lender also did not implement control
measures for ATMs relating to end-to-end encryption of communication between
the ATM terminal/PC and the ATM Switch, within the timelines prescribed. As a
result, the central bank issued two show-cause notices to the bank and decided
that the charges were substantiated after considering the submissions made by
the bank.
6. SBI launches Project Kuber in Bengaluru: The State Bank of India has
launched Project Kuber having four transaction banking hubs and
one corporate salary package hub in Bengaluru. The objective is to source,
facilitate, and cater to the various banking needs of customers, and these hubs
will help increase SBI’s market share in liability products. The Transaction
Banking Hubs will provide a range of services to both corporate and
non-corporate clients. These services include account opening, onboarding on
SBI’s digital platforms, and catering to payment and collection-related
requirements. The hubs will serve as a one-stop destination for digital banking
services such as Yono Business, e-Payments, Cash Management Products, and more.
AWARDS AND HONOURS
1. President
Droupadi Murmu conferred the highest civilian award of Suriname: Suriname President, Chandrikapersad Santokhi has
conferred Suriname's highest civilian honor, The Grand Order of the Chain
of Yellow Star, to President of India Droupadi Murmu. She is
the first Indian to receive this award. During her visit to Suriname,
both countries signed MoUs in the fields of health, agriculture, and
capacity building. These MoUs include a Joint Work Plan for
Cooperation in the Field of Agriculture and Allied Sectors for the
period of 2023-2027.
OBITUARIES
1. Veteran Actress Sulochana Didi passes away: Veteran Actress Sulochana Didi passed away at the age of 96. Sulochana
Didi is famous for her role as a Mother in Bollywood. Sulochana Latkar is
popularly known as Sulochana didi in Bollywood and Marathi film industry. Chimukala
Sansar released in 1943 was her first movie. Sulochana Didi has worked in more
than 300 Hindi and Marathi Movies. Yarana, Kati Patang, Roti Kapda aur Makan,
Mere Jeevan Saathi, Sarswatichandra, Johny Mera Naam, Saajan, Aayi Milan Ki
Bela, Prem nagar, Nayi Roshni, Sangharsh are some of her popular Hindi movies. In
1999 she was honoured with Padmashree. In 2004 Sulochana was awarded with
lifetime achievement award by Filmfare. She was also awarded by Maharashtra
Bhushan, V. Shantaram Award, Best Actress by Maharashtra Government.
2. Renowned theater actor Aamir Raza Hussain passes away: Noted theatre actor and director, Amir Raza Husain passed away at the age of 66. Hussain was known for his large outdoor stage productions such as “The Fifty Day War” based on the Kargil War and “The Legend of Ram”. He was also the Creative Director of the Stagedoor Theatre Company, established in 1974, which has presented over 91 productions and more than 1,100 performances. The actor was known for his unforgettable stage plays like ‘The Fifty Day War’ (2000) and ‘The Legend of Ram’. Husain was honored with the Padma Shri in 2001 by the Indian government for his contribution to theatre. Aamir Raj has acted in super hit movies ‘Baahubali’ and ‘RRR’. He will also be seen in the movie ‘Adipurush’ which will be released on 16th June.
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