01st June, 2024

1. The inaugural edition of the Kavango-Zambezi (KAZA) summit hosted by Zambia
2. Adani Ports signs 30-year deal to operate terminal at Tanzania’s Dar es Salaam Port
3. Indian Air Force participated in Exercise Red Flag
4. China launches communication satellite for Pakistan ”PakSat MM1”
5. Marine Protected Areas don’t line up with core habitats of Diadromous Fish
6. Stagnant Millet Production in India: RBI Annual Report 2023-24
7. Reliance, Tata, SII in TIME’s 100 Most Influential Companies 2024
8. strong>June 1: Global Day of Parents
9. June 1: World Milk Day
10. BFI leaves suspended IBA, joins newly formed World Boxing
11. IRDAI approves appointment of Sandeep Batra as ICICI Prudential Board Chairman
12. Padma Shri Awardee Maguni Charan Kuanr, a renowned Puppeteer has passed away
13. Living Will

International News

1. The inaugural edition of the Kavango-Zambezi (KAZA) summit hosted by Zambia
   • What: The inaugural Kavango Zambezi (KAZA) Transfrontier Conservation Area (TFCA) Heads of State Summit was held in Livingstone, Zambia.
   • Why: The summit focused on collaborative strategies to develop the KAZA TFCA region as a premier tourism destination.
   • Tell me more:
     • No. of participating countries: 5 (Angola, Botswana, Namibia, Zambia, and Zimbabwe)
       Source: Open Zambia

Banking and Economy

1. Adani Ports signs 30-year deal to operate terminal at Tanzania’s Dar es Salaam Port
   • What: Adani International Ports Holdings Pte Ltd (AIPH), a wholly owned subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), has signed a 30-year agreement with the Tanzania Ports Authority
   • Why: To operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania.
   • Tell me more:
     • To handle the ports business, a new entity named East Africa Gateway Limited (EAGL) has been incorporated.
       • It is a joint venture of AIPH, AD Ports Group, and East Harbour Terminals Limited
       • APSEZ will be the controlling shareholder and because of this, APSEZ will manage EAGL and include its financial results in APSEZ’s financial statements.
     • Note: APSEZ’s aim is to become one of the largest port operators globally by 2030.
       Source: Money control

Defence News

1. Indian Air Force participated in Exercise Red Flag
   • What: The Indian Air Force (IAF) participated in a 16-day multi-nation mega military exercise named “Red Flag”.
   • Tell me more:
     • Venue: Eielson Air Force Base, in Alaska, USA,
     • India-specific details: The IAF deployed Rafale fighter jets for the ‘Red Flag Alaska’ exercise.
       Source: PTI

   
   
   
   

Science and Technology

1. China launches communication satellite for Pakistan ”PakSat MM1”
   • What: China successfully launched Pakistan’s multi-mission communication satellite, named PakSAT-MM1, from the Xichang Satellite Launch Center in China.
   • Tell me more: (About PakSAT-MM1),
     • It is a part of Pakistan’s National Space Programme 2047, which aims to enhance internet services across Pakistan.
     • The satellite is set to start providing services in August 2024.
     • Developed by: China Academy of Space Technology (CAST).
       Source: Radio Pakistan

Agriculture and Rural Development

1. Marine Protected Areas don’t line up with core habitats of Diadromous Fish
   • What: According to a recent study, 62% of Marine Protected Areas (MPAs) designated to protect rare migratory fish species named “Diadromous Fish” are outside of their core habitats.
     • Core habitat is the most important area for a species where they are primarily found.
   • These findings highlight a significant gap between conservation efforts and the actual habitats critical for these diadromous fish.
     Source: Science Daily

2. Stagnant Millet Production in India: RBI Annual Report 2023-24
   • What: India is facing a problem with the growth of millet crops, as both, the area where millets are grown and the amount of Millets produced is not increasing at a significant pace, as per the Reserve Bank of India’s annual report for 2023-24.
   • Tell me more:
     • Stagnation Factors (for both production and area cultivated):
       • Incentives for Fine Cereals: The report says that the reason for the lack of growth in millet farming is that farmers are given more incentives to grow fine cereals, like rice and wheat, through programs that guarantee a minimum support price (MSP).
       • Consumer Preferences: There has been a visible shift in consumer preferences towards fine cereals which has impacted millet production.
       • Yield Gap: The comprehensive cost of cultivation survey (CCCS) data for 2021-22 showed that there is a big difference between the best possible yield and the actual yield that farmers are getting. This difference is known as the yield gap.
         • Suggestions for increasing yield gap
           • Rainfall Dependency: Millets are typically grown under rain-fed conditions, and minimal but assured irrigation could bridge the yield gap.
           • Other Factors: Proper use of Labor, fertilizer, and machine usage can also increase yield
       • Potential Solutions:
         • Hybrid Seeds: Adoption of hybrid seeds can improve yields.
         • Higher Net Returns: Encouraging higher net returns may prompt farmers to invest in high-yielding inputs, thus reducing the yield gap.

     • Higher Productivity Gap: India’s productivity of millets remains lower than that of major producers worldwide. For instance:
       • India produces: 1.4 tonnes per hectare
       • China produces: 3 tonnes per hectare
       • Ethiopia produces: 2.5 tonnes per hectare
     • Note: India accounts for nearly 80% of Asia’s and 20% of global millet production.
       Source: The Hindu Business Line

     
     

Awards

1. Reliance, Tata, SII in TIME’s 100 Most Influential Companies 2024
   • What: Three Indian Companies namely Reliance Industries Limited (RIL), Tata Group, and Serum Institute of India (SII) are featured on the “TIME100 Most Influential Companies 2024”.
   • The report is published by TIME, an American Magazine.
   • Tell me more:
     • The list categorizes the companies into 5 categories: Leaders, Disruptors, Innovators, Titans, and Pioneers.
       • RIL and Tata Group have been featured under the “Titans” category and SII under the “Pioneer” category.
       • Note: In 2023, Only 2 Indian companies, Meesho (e-commerce company) and National Payments Corporation of India (NPCI), were featured in the list.
     • RIL has become the only Indian company to feature twice on the list
       • Jio Platforms Limited, a subsidiary of RIL, was featured on the inaugural TIME 100 Most Influential Companies List (2021) under the Innovators category.
         Source: Economic Times

Important Days

1. June 1: Global Day of Parents
   • What: The United Nations (UN)’s Global Day of Parents is annually observed across the globe on 1st June.
   • Why: To honor and appreciate all parents throughout the world for their selfless commitment to children and acknowledge their lifelong sacrifice in nurturing their relationship.
   • The theme of Global Day of Parents 2024 is “The Promise of Playful Parenting”.
     Source: UN
2. June 1: World Milk Day
   • What: World Milk Day (WMD) is annually observed across the globe on 1 June.
   • Why: To highlight milk’s significance as a global food.
   • Organized by: Food and Agriculture Organisation (FAO) of the United Nations (UN).
     • This year’s theme will focus on celebrating the vital role dairy plays in delivering quality nutrition to nourish the world.
       Source: World Milk Day.org

Sports

1. BFI leaves suspended IBA, joins newly formed World Boxing
   • What:  The Boxing Federation of India (BFI) has taken a significant step by disassociating from the suspended International Boxing Association (IBA) and joining the newly formed World Boxing (WB).
   • Why (Reason for Quitting IBA): The International Olympic Committee (IOC) de-recognized the IBA in 2019 due to continuous financial, sports integrity, and governance issues.
   • Tell me more:
     • The IBA will be completely banned after the Paris Olympics 2024.
     • Boxers can only compete in future Olympics if their National Federations join World Boxing.
       • This is essential for boxing to remain in the Olympic program for Los Angeles 2028 and beyond.
         Source: News 18

   
   

Appointments

1. IRDAI approves appointment of Sandeep Batra as ICICI Prudential Board Chairman
   • What: The Insurance Regulatory and Development Authority of India (IRDAI) has approved the appointment of Sandeep Batra, as Chairman of the Board of Directors of ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life).
   • He will replace the incumbent M S Ramachandran, who is set to retire as Chairman of the Board
     Source: Economic Times

   
   
   
   

Miscellaneous

1. Padma Shri Awardee Maguni Charan Kuanr, a renowned Puppeteer has passed away
   • What: Padma Shri-winning puppeteer Maguni Charan Kuanr has passed away.
   • He was born in 1937 in Keonjhar, Odisha.
   • Tell me more:
     • Awards:
       • Maguni Kuanr received the prestigious ‘Padma Shri’ award in 2023.
         Source: Zee News

   
   
2. Living Will
   • What: High Court judge Justice M S Sonak becomes first in Goa to register a ‘living will’.
   • About Living Will (Advance Medical Directive)
     • A Living Will, also known as an Advance Medical Directive, is a written document in which a person specifies their instructions for medical treatment in advance.
     • This document is used to guide healthcare providers and family members if the person becomes unable to communicate or make decisions due to illness or incapacity.

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