03rd June, 2022

1. Central Govt is planning to launch ‘Jan Samarth’ — a common portal for delivery of various schemes run by different ministries and departments.
2. Central govt has increased the coal gasification target to 100 million tonnes (MT) by 2030, involving investments worth over Rs. 4 lakh crores.
3. Government e-Marketplace (GeM) has developed an IT module for Ministry of Defence, for integration of competent financial authorities and Internal Financial Advisers (IFA) for online e-concurrence and approval of procurement proposals on GeM portal.
4. Union Education Minister Dharmendra Pradhan is in the process to establish “PM Shri schools” to prepare students for the future and will be a laboratory for the new National Education Policy (NEP) while addressing the National School Education Ministers` Conference in Gujarat.
5. India and Israel adopted a “vision statement” to mark the 30 years of diplomatic ties between the two countries.
6. External Affairs Minister Dr S. Jaishankar discussed India-France strategic cooperation and other bilateral issues with France’s Ministry for Europe and Foreign Affairs Catherine Colonna in a telephonic discussion.
7. “Start-up India-2022 Expo & Conclave” was organised by PHD Chamber of Commerce.
8. India has announced to provide support to Tuvalu, an island-state in Oceania, to strengthen its healthcare infrastructure.
9. Punjab government has decided to abolish the physical stamp papers and introduce e-stamp paper to bring efficiency and check the pilferage of State revenue.
10. Maharashtra government has launched ‘faceless Regional Transport Offices’ (RTOs) to help citizens avail facilities linked to the sector better.
11. Central Govt has allotted Rs 10,000 crore for railway projects in West Bengal. This is the biggest ever allocation for railway projects.
12. 3rd edition of the Uttar Pradesh Investors Summit will be held in Lucknow. During the summit, foundation stone of 1,406 projects worth ₹80,000 crore will be laid.
13. The Indian Navy will decommission two of its frontline warships – INS Nishank and INS Akshay.
14. India and Sweden hosted the Industry Transition Dialogue in Stockholm, as a part of their joint initiative i.e. Leadership for Industry Transition (LeadIT).
15. Multi-channel automobile buying and selling platform CarTrade Tech Ltd has entered into an alliance with IDFC First Bank to offer easy and smart financing for used cars.
16. SBI General Insurance has launched a new health insurance vertical, through which the company plans to focus on new innovative health products, in-house claim settlement process, among others, to boost customer experience.
17. According to RBI’s Annual Report 2021-22, people in India prefer the Rs 100 denomination banknotes mostly, while Rs 2,000 are least preferred.
18. Logistics services provider Blue Dart has signed the ‘Climate Neutral Now’ (CNN) pledge by the United Nations Framework Convention on Climate Change (UNFCCC).
19. India’s largest crypto investing app, CoinSwitch, has launched Crypto Rupee Index (CRE8), which is India’s first benchmark index to measure the performance of the rupee-based crypto market.
20. HDFC Ltd. has collaborated with Accenture to digitally transform its lending business.
21. Tiger Global-backed unicorn Gupshup has bought OneDirect, an omnichannel, AI (artificial intelligence)-enabled customer service platform for an undisclosed amount.
22. According to a report by PhonePe in collaboration with Boston Consulting Group (BCG), India’s digital payments market is expected to more than triple from the current $3 trillion to $10 trillion by 2026 (excluding large B2B/ G2B payments).
23. State Bank of India (SBI) Research has released the Ecowrap Report has forecasted India’s GDP growth rate at 7.5% in 2022-23.
24. Rajesh Gera has been appointed as the Director-General of National Informatics Centre.
25. Meta Platforms veteran Javier Olivan has been appointed as the Meta’s chief operating officer.
26. Sequoia Capital-backed women-centric social community platform Pankhuri, owned and operated by RP Cube Pvt. Ltd, formally elevated Pranay Shrivastava as its new chief executive officer.
27. June 2 – International Sex Workers’ Day; Theme – Access to Justice
28. Fortune’s 500 Highest Paid CEOs of the World 2021 list has been released.
29. Salman Rushdie has been honoured with Companion of Honour, an exclusive club with membership limited to just 65 people at any given time, for services to literature.
30. Argentina men’s national team has defeated Italy to claim La Finalissima at the Wembley Stadium, England.
31. Asian Cycling championship 2022 will be held at the Velodrome of the Indira Gandhi Stadium Complex, Delhi from June 18 to 22.
32. Santoor maestro Bhajan Sopori has passed away.

National News

1. Central Govt is planning to launch ‘Jan Samarth’ — a common portal for delivery of various schemes run by different ministries and departments.
   • The new portal is expected to onboard 15 credit-linked government schemes initially.
2. Central govt has increased the coal gasification target to 100 million tonnes (MT) by 2030, involving investments worth over Rs. 4 lakh crores.
   • The government has provided for a concession of 20% on revenue share of coal used for gasification for encouraging use of clean sources of fuel.
   • A Steering Committee, under the chairmanship of Dr V.K. Saraswat, Member, NITI Aayog, has been constituted for encouraging green initiatives in the coal sector
3. Government e-Marketplace (GeM) has developed an IT module for Ministry of Defence, for integration of competent financial authorities and Internal Financial Advisers (IFA) for online e-concurrence and approval of procurement proposals on GeM portal.
4. Union Education Minister Dharmendra Pradhan is in the process to establish “PM Shri schools” to prepare students for the future and will be a laboratory for the new National Education Policy (NEP) while addressing the National School Education Ministers` Conference in Gujarat.
5. India and Israel adopted a “vision statement” to mark the 30 years of diplomatic ties between the two countries.
   • The statement will pave the way for strengthening defence cooperation in future.
6. External Affairs Minister Dr S. Jaishankar discussed India-France strategic cooperation and other bilateral issues with France’s Ministry for Europe and Foreign Affairs Catherine Colonna in a telephonic discussion.
7. “Start-up India-2022 Expo & Conclave” was organised by PHD Chamber of Commerce.
   • The number of Startups in India has grown to 70,000 from about 300 to 400 in 8 years from 2014 to 2022.
8. India has announced to provide support to Tuvalu, an island-state in Oceania, to strengthen its healthcare infrastructure.

State News

1. Punjab government has decided to abolish the physical stamp papers and introduce e-stamp paper to bring efficiency and check the pilferage of State revenue.
2. Maharashtra government has launched ‘faceless Regional Transport Offices’ (RTOs) to help citizens avail facilities linked to the sector better.
3. Central Govt has allotted Rs 10,000 crore for railway projects in West Bengal. This is the biggest ever allocation for railway projects.
   • Separately, Union Road Minister Nitin Gadkari and Railways Minister, Ashwini Vaishnaw, has released the ‘Compendium for road-over-bridges’ in New Delhi.
4. 3rd edition of the Uttar Pradesh Investors Summit will be held in Lucknow. During the summit, foundation stone of 1,406 projects worth ₹80,000 crore will be laid.

Defence News

1. The Indian Navy will decommission two of its frontline warships – INS Nishank and INS Akshay.

International News

1. India and Sweden hosted the Industry Transition Dialogue in Stockholm, as a part of their joint initiative i.e. Leadership for Industry Transition (LeadIT).
   • Sweden is going to host the World Environment Day (June 5) celebrations. UN Conference ‘Stockholm+50: a healthy planet for the prosperity of all –our responsibility, our opportunity’ will also be organized in Sweden.
   • The event coincided with the 50th anniversary of United Nations Conference on the Human Environment that took place in
   • Japan and South Africa are the latest countries to join the LeadIT initiative, taking the total number of members to 37, which also includes countries and companies.

Banking and Economy

1. Multi-channel automobile buying and selling platform CarTrade Tech Ltd has entered into an alliance with IDFC First Bank to offer easy and smart financing for used cars.
2. SBI General Insurance has launched a new health insurance vertical, through which the company plans to focus on new innovative health products, in-house claim settlement process, among others, to boost customer experience.
3. According to RBI’s Annual Report 2021-22, people in India prefer the Rs 100 denomination banknotes mostly, while Rs 2,000 are least preferred.
   • Among coins, Rs 5 is most preferred, whereas Re 1 is least preferred.
   • This data was collected through the ‘Banknote Survey of Consumers’, which is a part of the RBI’s Annual Report.
   • The value and volume of banknotes in circulation increased by 9.9% and 5%, respectively, during 2021-22.
   • In value terms, the share of Rs 500 and Rs 2000 banknotes together accounted for 87.1% of the total value of banknotes in circulation as on March 31, 2022.
   • In volume terms, Rs 500 denomination constituted the highest share at 34.9%, followed by Rs 10 denomination banknotes, which constituted 21.3% of the total banknotes in circulation as on March 31, 2022.
   • During 2021-22, out of the total Fake Indian Currency Notes (FICNs) detected in the banking sector, 6.9% were detected at the Reserve Bank and 93.1% at other banks.
4. Logistics services provider Blue Dart has signed the ‘Climate Neutral Now’ (CNN) pledge by the United Nations Framework Convention on Climate Change (UNFCCC).
   • The Climate Neutral Now Initiative encourages and supports interested stakeholders to act now in order to achieve a climate neutral world by 2050, as per the Paris Agreement.
   • Blue Dart is a part of the Deutsche Post DHL (DPDHL) Group.
5. India’s largest crypto investing app, CoinSwitch, has launched Crypto Rupee Index (CRE8), which is India’s first benchmark index to measure the performance of the rupee-based crypto market.
   • CRE8 tracks the performance of 8 crypto assets that represent over 85% of the total market capitalization of cryptos traded in the Indian Rupee.
   • The currencies are Bitcoin, Ethereum, Binance Coin, Ripple, Cardano, Solana, Polkadot, and Dogecoin.
   • The CRE8 index is calculated on the weighted market capitalization (square root) methodology.
   • Further, it is indicative of the total market value of all the crypto assets relative to a certain base period (1 October 2020) and base value (₹1,000).
6. HDFC Ltd. has collaborated with Accenture to digitally transform its lending business.
7. Tiger Global-backed unicorn Gupshup has bought OneDirect, an omnichannel, AI (artificial intelligence)-enabled customer service platform for an undisclosed amount.
8. According to a report by PhonePe in collaboration with Boston Consulting Group (BCG), India’s digital payments market is expected to more than triple from the current $3 trillion to $10 trillion by 2026 (excluding large B2B/ G2B payments).

GDP Forecasts

1. State Bank of India (SBI) Research has released the Ecowrap Report has forecasted India’s GDP growth rate at 7.5% in 2022-23.
   • FY22 GDP growth rate – 8.7%

Appointments

1. Rajesh Gera has been appointed as the Director-General of National Informatics Centre.
2. Meta Platforms veteran Javier Olivan has been appointed as the Meta’s chief operating officer.
3. Sequoia Capital-backed women-centric social community platform Pankhuri, owned and operated by RP Cube Pvt. Ltd, formally elevated Pranay Shrivastava as its new chief executive officer.

Important Days

1. June 2 – International Sex Workers’ Day; Theme – Access to Justice

Awards

1. Fortune’s 500 Highest Paid CEOs of the World 2021 list has been released.
   • Top – Elon Musk
2. Salman Rushdie has been honoured with Companion of Honour, an exclusive club with membership limited to just 65 people at any given time, for services to literature.
   • Rushdie is leading a list of over 40 professionals and community champions of Indian-origin to be honoured in the Queen’s Birthday Honours list.
   • The honour was given to mark the Platinum Jubilee of Queen Elizabeth II’s 70 years of service to the U.K.
   • The Companion of Honour is a special award granted to those who have made a major contribution to the arts, science, medicine, or government lasting over a long period of time.

Sports

1. Argentina men’s national team has defeated Italy to claim La Finalissima at the Wembley Stadium, England.
   • 2022 Finalissima was the 3rd edition of the CONMEBOL–UEFA Cup of Champions, a football match between the winners of the previous South American and European championships.
2. Asian Cycling championship 2022 will be held at the Velodrome of the Indira Gandhi Stadium Complex, Delhi from June 18 to 22.

Miscellaneous

1. Santoor maestro Bhajan Sopori has passed away.

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