NATIONAL UPDATES:
1. DRDO
successfully flight-tested ‘Agni Prime’ ballistic missile in Odisha: Defence Research and Development Organisation
has successfully flight-tested New Generation Ballistic Missile ‘Agni
Prime’ was successfully from Dr APJ Abdul Kalam Island off the coast
of Odisha on June 07, 2023. Aim: To validate the accuracy and
reliability of the system During the flight test, all objectives were
successfully demonstrated. This was the first pre-induction night launch
conducted by the users after three successful developmental trials of the
missile.
2. Haryana
CM launched integrated Water Resources Action Plan-2023-25: Haryana CM Manohar Lal has launched an integrated Water Resources
Action Plan-2023-25 under Amrit Jal Kranti at Chandigarh. A
two-day water conservation seminar was organized in Panchkula in
April, 2023, in which many departments of Haryana, including experts from India
and abroad doing research on water conservation participated. Several
initiatives like Mera Pani-Meri Virasat Yojana, have been taken towards water
conservation which have drawn significant results.
3. NTPC
Kanti launched Girl Empowerment Mission GEM 2023: NTPC
Kanti has launched the Girl Empowerment Mission (GEM)-2023, a
four-week residential workshop program for 40 underprivileged rural girls. This
is the first time NTPC Kanti is organizing the GEM program. The participants
will receive academic training and development skill sets such
as soft skills, life skill training, sports, meditation, yoga, self-defence,
computer application, communication skills, and other extra-curricular
activities.
4. Tata
Elxsi, ISRO partner to develop crew recovery models for Gaganyaan: Tata Elxsi has partnered with the Indian Space Research
Organization (ISRO) for the upcoming Gaganyaan Mission. It has designed
and developed the crew module recovery models (CMRM) for the
recovery team training of the space mission. ISRO's Gaganyaan project envisions
a demonstration of human spaceflight capability by launching the crew into a
400-kilometer orbit for a three-day mission and safely bringing them to Earth
by landing in Indian sea waters.
5. Author
Shantanu Gupta launched novel ‘Ajay to Yogi Adityanath’: Noted author Shantanu Gupta has launched his new graphic novel for
young readers titled 'Ajay to Yogi Adityanath' based on the life
journey of Yogi Adityanath. More than 5,000 children from over 51 schools
across different districts of Uttar Pradesh participated in the launch
ceremony. Prior to this, author Shantanu Gupta has written two bestseller
titles on Yogi Adityanath- The Monk Who Transformed Uttar
Pradesh and The Monk Who Became Chief Minister.
6. Government launches MAHIR: Government has launched Mission on Advanced and High-Impact
Research (MAHIR) to quickly identify emerging technologies in the power
sector and develop them indigenously for deployment within and outside the
country. The Mission aims at facilitating indigenous research, development and demonstration
of the latest and emerging technologies in the power sector. The Mission will
be funded by pooling financial resources of the Ministry of Power, Ministry of
New and Renewable Energy and various Central Public Sector Enterprises under
the two Ministries. Any additional funding needed will be mobilized from the
central government’s budgetary resources. Planned for an initial period of five
years from 2023-24 to 2027-28, the Mission will follow the technology life
cycle approach of Idea to Product.
7. Kerala topped in Food Safety Index: Union Minister for Health and Family
Welfare Dr Mansukh Mandaviya has unveiled the fifth State Food
Safety Index on World Food Safety Day. The food safety index evaluates the
performance of states and union territories across six different aspects of
food safety. Among the larger states, Kerala secured the top ranking, followed
by Punjab and Tamil Nadu. Among the smaller states, Goa emerged as the leader,
followed by Manipur and Sikkim. Additionally, Jammu and Kashmir, Delhi, and
Chandigarh secured the first, second, and third ranks respectively among the
union territories.
8. Mumbai most expensive city for expats in India: According to the Mercer’s Cost of Living
survey 2023, Mumbai has ranked the most expensive city in India
for expatriates. After Mumbai, cities like New Delhi and Bengaluru fall on
second and third place in the most expensive list for expats list in India. The
Mercer’s Cost of Living survey was conducted across 227 cities from across five
continents. In Mercer’s 2023 Cost of Living survey, Mumbai has been positioned
at 147 in the global ranking, New Delhi at 169, Chennai (184), Bengaluru (189),
Hyderabad (202), Kolkata (211), and Pune (213). Globally, Hong Kong, Singapore
and Zurich are the most expensive cities for international employees this year.
The survey measures the comparative cost of more than 200 items in each
location, including housing, transportation, food, clothing, household goods
and entertainment.
INTERNATIONAL UPDATES:
1. India,
France, UAE begin maiden joint maritime exercise in the Gulf of Oman: The Ministry of Defence informed that first
India-France-UAE Maritime Partnership Exercise has started in
the Gulf of Oman on June 7, 2023. It involves the Indian Navy
frigate, INS Tarkash, the French Navy ship Surcouf along with Rafale
fighter jets, and UAE Navy maritime patrol aircraft. The two-day exercise
involve a wide range of naval operations, including helicopter cross-deck
landing operations, advanced air defense exercises, and boarding operations.
2. World
Accreditation Day 2023: 9th June 2023: World
Accreditation Day is an annual global observance held on June
9 to recognize and promote the role of accreditation across various
sectors. Aim: To raise awareness about the value and benefits of accreditation
in ensuring competence, reliability, and credibility in industries such as
healthcare, laboratories, certification bodies, and conformity assessment
services 2023 theme: Accreditation: Supporting the Future of Global Trade
3. India,
Serbia agreed to set a target for bilateral trade one billion euros: President Droupadi Murmu and her Serbian counterpart Aleksandar Vucic
have agreed to set a target for bilateral trade from the present 320 million
euros to one billion euros by the end of the decade. Indian President is on a
three-day State visit to Serbia from the 7th to the 9th of June. President of
Serbia, Alecsandar Vucic also promised simplification of the issue of Visa to
Indians and also hoped that direct flights between the two countries will begin
soon.
4. 9 June – World Accreditation Day: World Accreditation Day is observed every year on 9 June.
This
day aims to raise awareness about the value and benefits of accreditation in ensuring
competence, reliability, and credibility in industries such as healthcare,
laboratories, certification bodies, and conformity assessment services. Theme
2023 – Accreditation: Supporting the Future of Global Trade World
Accreditation Day (WAD) was first celebrated on June 9, 2008. It was
established by the International Accreditation Forum (IAF) and the
International Laboratory Accreditation Cooperation (ILAC) as a way to raise
awareness of the importance of accreditation and its role in ensuring the
quality, safety, and reliability of products, services, and systems.
OTHER UPDATES:
SPORTS
1. 198
special athletes send to Special Olympics World Summer Games 2023: Union Sports Minister Anurag Singh Thakur send off the Indian
contingent of 198 special athletes to the Special Olympics World
Summer Games 2023 to be held in Berlin The Government spent 450 crore rupees in
the current Olympic cycle on training, equipment, and facilities It will
provide more assistance if needed to ensure India makes a new record in the
Paris Olympics 2024. India has given the best-ever performance at the last
Olympics with improvements in facilities.
BANKING AND FINANCE
1. Federal
Bank Launches ‘I am Adyar, Adyar is Me’ Campaign:
The Federal Bank has launched a campaign named 'I am Adyar,
Adyar is me' to celebrate people and their culture by transforming an
entire bank branch into a museum of local stories. The campaign has handpicked
40 compelling stories of individuals, which are showcased in an exclusive exhibition
at the Adyar branch of Federal Bank. This art exhibition will run for two
weeks. The campaign is a first-of-its-kind micro-marketing initiative in the
banking industry.
2. Bond
issuances by banks to fall below Rs 90000 cr in FY24: Report: According to the rating agency ICRA, bond issuances by banks
may fall below Rs 90,000 crore in FY24 due to easing liquidity conditions. Banks
issued a record Rs 1.1 trillion bonds in FY23. Stronger foreign
institutional investor (FII)/foreign portfolio investment (FPI) inflows, as
seen recently, the derecognition of the Rs 2,000 note and an anticipated
dividend by the Reserve Bank of India (RBI) could ease liquidity conditions in
the interim. Tata Group is India's most valuable brand: According to the new
rankings released by Brand Finance, the Tata Group with $26.38
billion has retained its position as the most valued brand in India. With
a value growth of 10.3% in 2023 as compared to 2022. Notably, Tata Group is the
only Indian brand to feature in the top 100 of the Brand Finance Global 500
2023. While Infosys retained the second spot in the rankings with a
brand value of $13 billion, followed by LIC with a value of $9.7 billion.
3. RBI Monetary Policy 2023, Repo Rate unchanged: The Reserve Bank of India’s (RBI) Monetary Policy Committee
(MPC) in its second bi-monthly monetary policy meeting of FY24
decided to leave the repo rate unchanged at 6.5%. The MPC voted 5 members to 1
to remain focused on withdrawal of accommodation. The RBI also
retained FY24 GDP growth forecast at 6.5%, while expects FY24 CPI
inflation to be at 5.1%. RBI governor Shaktikanta Das said that the net Foreign
portfolio investment (FPI) inflows stand at USD 8.4 billion during the current
financial year up to June 6 as against net outflows in the proceeding two years
where USD 14.1 billion in 2021-22 and 5.9 billion in 2022-23. The rupee
remained stable since January this year and India’s foreign exchange reserves
stood at $595.1 billion as on June 2. RBI projects consumer price index
inflation for FY24 at 5.1%. Real GDP growth projections for the financial year
2023-24 is projected at 6.5 percent with Q1 projections being 8 percent, Q2
projections being 6.5 percent, Q3 projections being 6 percent and Q4
projections being 5.7 percent. Monetary Policy Committee decides to keep repo
rate unchanged at 6.5%, Standing Deposit Facility Rate remains at 6.25%. Marginal
Standing Facility Rate and Bank Rate unchanged at 6.75% The next meeting of the
MPC is scheduled during August 8-10, 2023.
4. Google Pay launches Aadhaar-based authentication for
UPI activation: Google has
launched Aadhaar-based authentication for UPI transactions that will
allow users to set up their Unified Payments Interface (UPI) pin without a
debit card. Support for UPI using Aadhaar will work via National Payments
Corporation (NPCI). Users looking to onboard UPI via Aadhaar will need to
ensure their phone numbers registered with UIDAI and their bank are the same,
and their bank account is linked with Aadhaar. The move is supported by the
National Payments Corporation of India (NPCI).
AWARDS AND HONOURS
1. Paterson Joseph wins RSL Christopher Bland Prize 2023: Author Paterson Joseph was conferred with the 2023 Royal Society of Literature Christopher Bland Prize for his debut novel 'The Secret Diaries of Charles Ignatius Sancho'. This book is a historical fiction novel that tells the story of Charles Ignatius Sancho, who was the first Black man to vote in England RSL Christopher Bland Prize: It is an annual award that is awarded to a debut writer for their work of fiction or non-fiction. Cash Prize: £10,000
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