+91 9999466225 (Mon - Sat) info@anujjindal.in

20th-22nd June, 2023

G-20 Labour Engagement summit, Bharat Mala Green Field Six-Lane Ring Road project, Integrated Simulator Complex (ISC) ‘Dhruv’, Deendayal Antyodaya Yojana-National Urban Livelihoods Mission, Childline 1098, nanotech programmes, web portal, ‘Arunpol App’, Co-operative Policy 2023, “Design Clinic”, panchayat-level medicine shop scheme, ‘Polytechnic Chalo Abhiyan’, INS Kirpan, Tapas Unmanned Aerial Vehicle, six new generation diesel-electric, Armado,’, first of its kind tripartite power trade agreement, IIM-Jammu and the SIDBI, Airbnb, MOU for Financial Technology cooperation, Centre for Development of Telematics, ‘Soulful Yoga, Serene Oman’, SATRIA-1, All-India Consumer Price Index for Agricultural Labourers and Rural Labourers, cyber security in financial transaction, National Bank for Financing Infrastructure Development, Kiya.ai, Capital Small Finance Bank, RBI’s riot-relief measures, Union Bank of India, NSE International Exchange, HDFC Credila Financial Services, Airavat Capital, the CEO of Alibaba Group, Deputy Governor in the Reserve Bank of India, Axis Bank, Chairman and MD of National Fertilizers Limited, Asian Development Bank’s (ADB) High-level Advisory Group on Digital Technology for Development, Deputy Governor in the Reserve Bank of India, Romania’s Social Democratic leader Marcel Ciolacu, Chairman of GIFT City Ltd, World Day to Combat Desertification and Drought, Autistic Pride Day, Sustainable Gastronomy Day, International Day for Countering Hate Speech, World Sickle Cell Awareness Day, National Reading Day, International Day for the Elimination of Sexual Violence in Conflict, World Refugee Day, World Music Day, Summer Solstice, World Hydrography Day, 45th European Essay Prize for lifetime achievement, 4th National Water Awards-2022, Skytrax World Airline Awards 2023, Canadian Grand Prix, Tajinderpal Singh Toor, upper ceiling amount of boarding and lodging for Indian Athletes, “India’s Finance Ministers: From Independence to Emergency” book

  1. G-20 Labour Engagement summit will be held in Patna, Bihar.
  2. Union Road, Transport and Highways Minister Nitin Gadkari laid the foundation stone of Bharat Mala Green Field Six-Lane Ring Road project at village Kutail in Karnal district of Haryana.
  3. Raksha Mantri Shri Rajnath Singh inaugurated the Integrated Simulator Complex (ISC) ‘Dhruv’ at Southern Naval Command, Kochi.
  4. United Nations Development Programme (UNDP) and the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) have entered into a partnership for empowering women to make well-informed career choices in the field of entrepreneurship.
  5. Ministry of Women and Child Development has plans to merge the Childline 1098 service with the Emergency Response Support System (ERSS) number 112.
  6. India and Australia have decided to expand the scope of its comprehensive free trade agreement by adding 15 new sectors.
  7. IIT Delhi and IIT Kharagpur are organising nanotech programmes in collaboration with the Ministry of Electronics and Information Technology (MeitY).
  8. Assam has launched a web portal for cattle transportation aiming to prevent the illegal transportation of cattle.
  9. Arunachal Pradesh Chief Minister launched an app called ‘Arunpol App’ to facilitate common people to lodge complaints without coming to the police station.
  10. Madhya Pradesh Cabinet has approved the Co-operative Policy 2023 to create jobs in the sector.
  11. NHPC and Kerala State Electricity Board have signed an MOU for setting up a “Design Clinic” for examining the designs of KSEB projects by NHPC.
  12. Wihu Kuh Festival, a tribal festival of the Tangsa tribe, an agrarian community in Arunachal Pradesh.
  13. Jharkhand chief minister Hemant Soren launched the state government’s ambitious panchayat-level medicine shop scheme for making essential medicines available in remote areas.
  14. Uttar Pradesh launched the ‘Polytechnic Chalo Abhiyan’ to create employment opportunities for youth by connecting them with technical education.
  15. India will “gift” an indigenously-built missile corvette – INS Kirpan to Vietnam.
  16. DRDO and the Indian Navy have successfully showcased the transfer of command-and-control capabilities of the Tapas Unmanned Aerial Vehicle (UAV).
  17. Udupi Cochin Shipyard Limited (UCSL), the wholly owned subsidiary of Cochin Shipyard, has won international order from Wilson Shipowning AS, Norway, for the design and construction of six new generation diesel-electric 3,800 DWT general cargo vessels.
  18. Mahindra Defence Systems (MDS), a wholly-owned subsidiary of Mahindra Group, has started deliveries of ‘Armado,’ an Armoured Light Specialist Vehicle (ALSV) built for the Indian armed forces.
  19. India, Nepal, and Bangladesh have finalised the draft of a first of its kind tripartite power trade agreement
  20. IIM-Jammu and the SIDBI have signed an MOU to strengthen the entrepreneurial ecosystem in the country on the sixth annual convocation at Jammu.
  21. Airbnb has signed an MoU with the Ministry of Tourism to promote India as a most sought-after high potential tourism destination and shine a spotlight on its rich cultural heritage.
  22. India and Philippines have signed an MOU for Financial Technology cooperation.
  23. State-owned telecommunications firm ITI Ltd has signed an MoU with Centre for Development of Telematics (C-DOT) and Telecommunications Consultants India Limited (TCIL) to develop innovative telecommunication products and related services for Smart Cities.
  24. The Indian Embassy in the Sultanate of Oman has introduced an innovative video called ‘Soulful Yoga, Serene Oman’ on the eve of the International Day of Yoga 2023.
  25. SpaceX launched a new Indonesian telecommunications satellite named SATRIA-1 on its Falcon 9 rocket from Cape Canaveral Space Force Station in Florida.
  26. All-India Consumer Price Index for Agricultural Labourers and Rural Labourers (Base: 1986-87=100) for the month of May 2023 stands at 1186 and 1197 points respectively, as per the data released by the Ministry of Labour & Employment.
  27. RBI has prepared a 10-point action plan for strengthening cyber security in financial transactions.
  28. National Bank for Financing Infrastructure Development (NaBFID) aims to finalise loan sanctions of ₹1 lakh crore and disburse close to ₹60,000 crore in the end of FY24.
  29. In 2022, ai had launched India’s first metaverse on www.bharatmeta.in to commemorate India’s 75th Independence Day.
  30. Max Life Insurance has bought 2.99% stake in Capital Small Finance Bank (Jalandhar-based) for ₹49.5 crore, at a valuation of ₹1,653 crore.
  31. Manipur govt has invoked RBI’s riot-relief measures amid the crisis.
  32. Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by 11% in 2022 to 42 billion Swiss francs (nearly Rs 30,000 crore), according to the annual data from Switzerland’s central bank.
  33. Union Bank of India has launched four bank account schemes targeting women, women entrepreneurs and professionals, pensioners and cooperative housing societies.
  34. NSE International Exchange has unveiled a new brand identity of GIFT Nifty as a part of the full-scale transition of SGX Nifty to Gift Nifty.
  35. HDFC Ltd sells its 90% stake in HDFC Credila Financial Services (the education loan subsidiary) to Baring Private Equity Asia (BPEA) EQT and ChrysCapital group for Rs 9,060.48 crore, ahead of its merger with HDFC Bank.
  36. Investment management firm Airavat Capital has launched the Airavat Global Technology Fund R (AGTF R) at GIFT City.
  37. Eddie Yongming Wu has been appointed as the CEO of Alibaba Group.
  38. Appointments Committee of the Cabinet has selected State Bank of India Managing Director Swaminathan Janakiraman for the post of Deputy Governor in the Reserve Bank of India (RBI).
  39. Axis Bank has appointed N.S. Vishwanathan, independent director, as the non-executive (part-time) chairman for three years.
  40. Shri U Saravanan has been appointed as the Chairman and MD of National Fertilizers Limited.
  41. Aalok Kumar has been appointed as a member of the Asian Development Bank’s (ADB) High-level Advisory Group on Digital Technology for Development with effect from May 1, 2023.
  42. Appointments Committee of the Cabinet has selected State Bank of India Managing Director Swaminathan Janakiraman for the post of Deputy Governor in the Reserve Bank of India (RBI).
  43. Romania’s Social Democratic leader Marcel Ciolacu has been elected as PM.
  44. Hasmukh Adhia has been appointed as the Chairman of GIFT City Ltd, the entity responsible for developing India’s first smart city Gujarat International Finance-Tec City in Gandhinagar.
  45. June 17 – World Day to Combat Desertification and Drought; Theme – “Her land. Her rights”
  46. June 18 – Autistic Pride Day
  47. June 18 – Sustainable Gastronomy Day
  48. June 18 – International Day for Countering Hate Speech; Theme – Hate speech: Turning the tide
  49. June 19 – World Sickle Cell Awareness Day; Theme – ‘Building and strengthening global sickle cell communities, formalizing newborn screening and knowing your sickle cell disease status’
  50. June 19 – National Reading Day
  51. June 19 – International Day for the Elimination of Sexual Violence in Conflict
  52. June 20 – World Refugee Day; Theme – hope away from home
  53. June 21 – World Music Day
  54. June 21 – Summer Solstice (longest day of the year)
  55. June 23 – World Hydrography Day; Theme – Hydrography – Underpinning the Digital; Twin of the Ocean
  56. Writer Arundhati Roy has been awarded the 45th European Essay Prize for lifetime achievement for the French translation of her compilation of essays titled Azadi: Liberté, Fascisme, Fiction (Azadi: Freedom, Fascism, Fiction in English).
  57. 4th National Water Awards-2022 have been conferred at Vigyan Bhawan, New Delhi by the Ministry of Jal Shakti.
  58. Star Alliance (HQ – Germany) has won the title of World’s Best Airline Alliance at Skytrax World Airline Awards 2023, also known as the Oscars of the aviation industry.
  59. Max Verstappen won the Canadian Grand Prix from pole position to stretch his Formula One championship lead and take Red Bull’s milestone 100th victory.
  60. Tajinderpal Singh Toor had broken his own shotput National record and Asian record with a massive throw of 21.77m at the Inter-State Championships in Bhubaneswar.
  61. Ministry of Youth Affairs and Sports has revised the upper ceiling amount of boarding and lodging for Indian Athletes and team officials by 66%.
  62. A. K. Bhattacharya (business journalist) has authored “India’s Finance Ministers: From Independence to Emergency” book.

Table of Content

National News

  1. G-20 Labour Engagement summit will be held in Patna, Bihar.
    Source: News on Air
  2. Union Road, Transport and Highways Minister Nitin Gadkari laid the foundation stone of Bharat Mala Green Field Six-Lane Ring Road project at village Kutail in Karnal district of Haryana.
    Source: News on Air
  3. Raksha Mantri Shri Rajnath Singh inaugurated the Integrated Simulator Complex (ISC) ‘Dhruv’ at Southern Naval Command, Kochi.
      • The ISC ‘Dhruv’ will significantly enhance practical training in the Indian Navy.
      • Air Direction and Helicopter Control Simulator (ADHCS) – developed by Institute for Systems Studies and Analysis, a DRDO laboratory – would be able to provide real-time operational environment scenario to trainees.
      • Apart from ADHCS, Multi-Station Handling Simulator (MSSHS) and Astronavigation Dome are the two other simulators systems in the complex among others.
        Source: PIB
  4. United Nations Development Programme (UNDP) and the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) have entered into a partnership for empowering women to make well-informed career choices in the field of entrepreneurship.
      • The partnership will provide support for women looking to start and expanding their own enterprises, particularly in sectors such as care economy, digital economy, electric mobility, waste management, food packaging and more.
      • This 3-year project, extendable beyond 2025, will cover eight cities in the initial phase.
        Source: PIB
  5. Ministry of Women and Child Development has plans to merge the Childline 1098 service with the Emergency Response Support System (ERSS) number 112.
      • This plan will be launched in nine States and Union Territories — Andhra Pradesh, Arunachal Pradesh, Bihar, Gujarat, Goa, Mizoram, Ladakh, Puducherry, and Dadra and Nagar Haveli and Daman and Diu.
        Source: The Hindu
  6. India and Australia have decided to expand the scope of its comprehensive free trade agreement by adding 15 new sectors.
      • India and Australia have already implemented an interim trade pact in December 2022.
      • Now, the third round of talks for the proposed comprehensive economic cooperation agreement (CECA) will end on June 16 and the next round of talks is scheduled in July.
      • These new areas may include sports, space, mining and defence collaboration.

Knowledge Nuggets -
• In May 2022, US, jointly with other partner countries of the Indo-Pacific region, had launched the Indo-Pacific Economic Framework for Prosperity (IPEF) in Tokyo.
• India has observer status on the trade pillar in the IPEF and it is observing the developments "very" closely.
• The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy (issues like tax and anti-corruption). India has joined all the pillars except the trade one.
• Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, the US and Vietnam are members of the bloc.
Source: ET

  1. IIT Delhi and IIT Kharagpur are organising nanotech programmes in collaboration with the Ministry of Electronics and Information Technology (MeitY).
      • A flagship programme of MeitY – Indian Nanoelectronics Users Programme-Idea to Innovation (INUP-i2i) is being implemented at Centre of Excellence in Nanoelectronics (CEN) at IISc, IIT Bombay, IIT Delhi, IIT Madras, IIT Kharagpur and IIT Guwahati.
      • This program has provided a great opportunity for R&D community all over the country for accessing state of the art nanofabrication facilities for undertaking research and skill development in Nanoelectronics
        Source: ET

State News

  1. Assam has launched a web portal for cattle transportation aiming to prevent the illegal transportation of cattle.
      • This system is prepared under the Assam Cattle Preservation Act, 2021 will alleviate the problems encountered in the transportation of improved breeds of high milk-producing cattle to Assam and help in preventing illegal transportation of cattle
        Source: ANI
  2. Arunachal Pradesh Chief Minister launched an app called ‘Arunpol App’ to facilitate common people to lodge complaints without coming to the police station.
    Source: News on Air
  3. Madhya Pradesh Cabinet has approved the Co-operative Policy 2023 to create jobs in the sector.
      • The policy emphasises on preparing and implementing the public co-operative partnership (PCP) model in the sector, which means co-operative organisations will work in collaboration with government bodies.
        Source: BS
  4. NHPC and Kerala State Electricity Board have signed an MOU for setting up a “Design Clinic” for examining the designs of KSEB projects by NHPC.
    Source: News Mantra
  5. Wihu Kuh Festival, a tribal festival of the Tangsa tribe, an agrarian community in Arunachal Pradesh.
    Source: ANI
  6. Jharkhand chief minister Hemant Soren launched the state government’s ambitious panchayat-level medicine shop scheme for making essential medicines available in remote areas.
      • Essential medicines will be now be available here for the villagers living in remote areas.
        Source: TOI
  7. Uttar Pradesh launched the ‘Polytechnic Chalo Abhiyan’ to create employment opportunities for youth by connecting them with technical education.
    Source: ANI

Defence News

  1. India will “gift” an indigenously-built missile corvette – INS Kirpan to Vietnam.
      • India will also step-up training of Vietnamese personnel in submarine and fighter jet operations, cyber-security and electronic warfare, among other fields.
        Source: TOI
  2. DRDO and the Indian Navy have successfully showcased the transfer of command-and-control capabilities of the Tapas Unmanned Aerial Vehicle (UAV).
      • The demonstration took place at the INS Subhadra, a warship situated 148 km away from the Karwar naval base in Karnataka.
      • The Tapas UAV, developed by DRDO, is a Medium Altitude Long Endurance (MALE) UAV.
      • It can operate at altitudes of up to 28,000 feet with an endurance of over 18 hours.
      • It was publicly showcased during its first flight at Aero India 2023 in Bengaluru.
Knowledge Nuggets -
• At the Karwar Naval Base in Karnataka, Project Seabird is being implemented since 2005.
• After the completion of the project, the Kawar Naval Base would become Asia's largest Naval base.
• This naval base is also known as INS Kadamba.
Source: LiveMint and PIB

  1. Udupi Cochin Shipyard Limited (UCSL), the wholly owned subsidiary of Cochin Shipyard, has won international order from Wilson Shipowning AS, Norway, for the design and construction of six new generation diesel-electric 3,800 DWT general cargo vessels.
      • The contract is signed with an option for additional eight vessels.
      • The project is at an approximate cost of ₹580 crore. The first vessel will be delivered by December 2024 and thereafter deliveries will be completed within March 2026.
        Source: HBL
  2. Mahindra Defence Systems (MDS), a wholly-owned subsidiary of Mahindra Group, has started deliveries of ‘Armado,’ an Armoured Light Specialist Vehicle (ALSV) built for the Indian armed forces.
      • Mahindra Defence Chairman – SP Shukla
        Source: HT

Memorandum of Understanding

  1. India, Nepal, and Bangladesh have finalised the draft of a first of its kind tripartite power trade agreement
      • In 2019, South Asia’s first trans-border petroleum pipeline, linking Motihari in Bihar to Amlekhgunj in Nepal, built at a cost of ₹324 crore, was launched in 2019 and has supplied 2.8 million metric tonnes of diesel to Nepal.
      • When Nepal PM Pushpa Kamal Dahal ‘Prachanda’ visited India, the two sides agreed to build the second phase of this pipeline at ₹183 crore to link Siliguri in India and Jhapa in Nepal.
      • In March 2023, India and Bangladesh launched a ₹377-crore cross-border pipeline to supply 1 million metric tonnes of diesel annually from Assam’s Numaligarh refinery to northern parts of the neighbouring country.
Knowledge Nuggets -
• When Modi made his first foreign visit to Nepal in 2014, he unveiled the “HIT” formula ­­for forging links through highways, i-ways and trans-ways.
• As a result of the diplomatic effort, India is already importing more than 450 MW of power from Nepal and the target is to take it to 10,000 MW.
Source: HT

  1. IIM-Jammu and the SIDBI have signed an MOU to strengthen the entrepreneurial ecosystem in the country on the sixth annual convocation at Jammu.
    Source: ANI
  2. Airbnb has signed an MoU with the Ministry of Tourism to promote India as a most sought-after high potential tourism destination and shine a spotlight on its rich cultural heritage.
    Source: ET
  3. India and Philippines have signed an MOU for Financial Technology cooperation.
      • A Joint Working Group (JWG) will be created to work in this field.
      • The JWG would identify concrete measures for partnership in innovative technologies; fintech industry, digital governance; payment linkages; creation of interoperable APIs; financial inclusion and other related areas.
        Source: ET
  4. State-owned telecommunications firm ITI Ltd has signed an MoU with Centre for Development of Telematics (C-DOT) and Telecommunications Consultants India Limited (TCIL) to develop innovative telecommunication products and related services for Smart Cities.
      • Under the cooperative program, the companies will ensure conceptualisation, installation, commissioning and maintenance of C-DOT and third-party-designed products.
        Source: BS

International News

  1. The Indian Embassy in the Sultanate of Oman has introduced an innovative video called ‘Soulful Yoga, Serene Oman’ on the eve of the International Day of Yoga 2023.
      • The Indian Embassy partnered with ‘Visit Oman,’ a subsidiary of Oman’s Ministry of Tourism, to produce the video.
      • This is the first time a foreign government using yoga to promote its own country.
        Source: News on Air
  2. SpaceX launched a new Indonesian telecommunications satellite named SATRIA-1 on its Falcon 9 rocket from Cape Canaveral Space Force Station in Florida.
      • SATRIA-1 (whose name is short for “Satellite of the Republic of Indonesia”) will be operated for the Indonesian government by the Indonesian company PSN.
        Source: Space.com

Banking and Economy

  1. All-India Consumer Price Index for Agricultural Labourers and Rural Labourers (Base: 1986-87=100) for the month of May 2023 stands at 1186 and 1197 points respectively, as per the data released by the Ministry of Labour & Employment.
    Source: PIB
  2. RBI has prepared a 10-point action plan for strengthening cyber security in financial transactions.
      • This includes talks with tech companies Google and Apple to secure mobile devices and adoption of artificial intelligence (AI) and machine learning (ML) in cyber security design.
        Source: HBL
  3. National Bank for Financing Infrastructure Development (NaBFID) aims to finalise loan sanctions of ₹1 lakh crore and disburse close to ₹60,000 crore in the end of FY24.
      • By March 2026, NaBFID’s sanctions will increase to ₹3 lakh crore.
        Source: HBL
  4. In 2022, ai had launched India’s first metaverse on www.bharatmeta.in to commemorate India’s 75th Independence Day.
      • Now, this metaverse platform has been showcased at the ongoing VivaTech 2023 event in Paris.
      • VivaTech is Europe’s biggest annual technology and startup event.
      • MD and CEO of Kiya.ai – Rajesh Mirjankar
        Source: ANI and Kiya
  5. Max Life Insurance has bought 2.99% stake in Capital Small Finance Bank (Jalandhar-based) for ₹49.5 crore, at a valuation of ₹1,653 crore.
    Source: ET
  6. Manipur govt has invoked RBI’s riot-relief measures amid the crisis.
      • The measures are taken under RBI’s (relief measures in banks in areas affected by Natural Calamities) direction 2018, chapter VII, Riots and Disturbances: Applicability of Guidelines.
      • As per the RBI’s norms, short-term crop loans can be restructured for riot-affected borrowers with a maximum repayment period of two years, including one year of moratorium, if the borrower faced the crop-loss between 33% and 50%.
      • If the crop loss is more than 50%, the five-year repayment period may be extended up to a maximum of five years, including the one-year moratorium period.
      • The measures allow banks to restructure loans with at least 1 year of moratorium and grant consumption loans, among others.
      • Banks can also extend grant consumption loans up to Rs 10,000 to existing borrowers without any collateral. The limit can be enhanced beyond Rs 10,000 at the bank’s discretion.
        Source: BS
  7. Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by 11% in 2022 to 42 billion Swiss francs (nearly Rs 30,000 crore), according to the annual data from Switzerland’s central bank.
    Source: IE
  8. Union Bank of India has launched four bank account schemes targeting women, women entrepreneurs and professionals, pensioners and cooperative housing societies.
      • Union Unnati – for women entrepreneurs and professionals, offering free cancer care coverage, personal accident cover, concession in loan interest rates, retail loan processing charges, and minimal service charges
      • Union Samriddhi – to empower women by providing them with a safe and convenient savings and financial management option
      • Union Samman – a savings account aimed at pensioners
      • Union SBCHS – it acknowledges the significance of co-operative housing societies, offering concessions in loan processing charges for purchasing solar lights, elevators, and other machinery, as well as concessional rates for home, vehicle, and education loans for society and flat owners
        Source: TOI
  9. NSE International Exchange has unveiled a new brand identity of GIFT Nifty as a part of the full-scale transition of SGX Nifty to Gift Nifty.
      • Gift Nifty is the result of the strategic collaboration between NSE IX and SGX (Singapore Exchange).
        Source: ET
  10. HDFC Ltd sells its 90% stake in HDFC Credila Financial Services (the education loan subsidiary) to Baring Private Equity Asia (BPEA) EQT and ChrysCapital group for Rs 9,060.48 crore, ahead of its merger with HDFC Bank.
    Source: IE
  11. Investment management firm Airavat Capital has launched the Airavat Global Technology Fund R (AGTF R) at GIFT City.
      • This will offer Indian HNIs and institutional investors the opportunity to leverage Indian technology ecosystem insight to capitalise on the growth potential of top listed technology companies worldwide.
        Source: HBL

Appointments

  1. Eddie Yongming Wu has been appointed as the CEO of Alibaba Group.
    Source: IE
  2. Appointments Committee of the Cabinet has selected State Bank of India Managing Director Swaminathan Janakiraman for the post of Deputy Governor in the Reserve Bank of India (RBI).
    Source: The Hindu
  3. Axis Bank has appointed S. Vishwanathan, independent director, as the non-executive (part-time) chairman for three years.
      • Vishwanathan is RBI’s former Deputy Governor.
        Source: TOI
  4. Shri U Saravanan has been appointed as the Chairman and MD of National Fertilizers Limited.
Knowledge Nuggets -
• NFL is a Mini Ratna (Category-I) Company, having its registered office at New Delhi.
• It was incorporated in 1974.
• It has an authorized capital of Rs. 1000 crore and a paid-up capital of Rs. 490.58 crore out of which Government of India’s share is 74.71 % and 25.29 % is held by financial institutions & others.
Source: NFL and NFL

  1. Aalok Kumar has been appointed as a member of the Asian Development Bank’s (ADB) High-level Advisory Group on Digital Technology for Development with effect from May 1, 2023.
      • The 8-member group, consisting of global industry leaders in digital technology and academicians, is committed to further accelerating the utilization of ICT technology among ADB activities for developing countries.
      • Aalok Kumar is the President & CEO of NEC Corporation India. NEC Corporation is a global IT and network company.
        Source: NEC
  2. Appointments Committee of the Cabinet has selected State Bank of India Managing Director Swaminathan Janakiraman for the post of Deputy Governor in the Reserve Bank of India (RBI).
      • He will replace Deputy Governor M.K. Jain whose tenure will end this month.
Knowledge Nuggets -
• The Reserve Bank's affairs are governed by a central board of directors.
• Appointed/nominated for a period of four years
• Constitution:
o Official Directors
 Full-time: Governor and not more than four Deputy Governors
o Non-Official Directors
 Nominated by Government: ten Directors from various fields and two government Official
 Others: four Directors - one each from four local boards
• Other full time Deputy Governors are M.D. Patra, M. Rajeshwar Rao, and T. Rabi Sankar.
Source: The Hindu, RBI, and RBI’s list of D-G

  1. Romania’s Social Democratic leader Marcel Ciolacu has been elected as PM.
      • Capital – Bucharest and Currency – Romanian Leu
        Source: Bloomberg
  2. Hasmukh Adhia has been appointed as the Chairman of GIFT City Ltd, the entity responsible for developing India’s first smart city Gujarat International Finance-Tec City in Gandhinagar.
      • Adhia is the senior retired bureaucrat and former Union Finance Secretary & Revenue Secretary.
      • Besides GIFT City, Adhia has also been appointed Director and Chairman of the boards of Gujarat Alkalies & Chemicals Ltd (GACL) and Gujarat Mineral Development Corporation Ltd (GMDC) with immediate effect.
      • At present, Adhia is a non-executive Chairman of Bank of Baroda, and the Chancellor of Central University of Gujarat.
      • He also serves as Vice-President in Gujarat Energy Research and Management Institute (GERMI) and Pandit Deendayal Energy University, Gandhinagar.
        Source: HBL

Important Days

  1. June 17 – World Day to Combat Desertification and Drought; Theme – “Her land. Her rights”
    Source: UN
  2. June 18 – Autistic Pride Day
    Source: IE
  3. June 18 – Sustainable Gastronomy Day
    Source: UN
  4. June 18 – International Day for Countering Hate Speech; Theme – Hate speech: Turning the tide
    Source: UN
  5. June 19 – World Sickle Cell Awareness Day; Theme – ‘Building and strengthening global sickle cell communities, formalizing newborn screening and knowing your sickle cell disease status’
    Source: PIB
  6. June 19 – National Reading Day
    Source: TOI
  7. June 19 – International Day for the Elimination of Sexual Violence in Conflict
      • An event will be organized on the theme of “Bridging the gender digital divide to prevent, address and respond to conflict-related sexual violence” at UN headquarters in New York.
        Source: UN
  8. June 20 – World Refugee Day; Theme – hope away from home
    Source: UN
  9. June 21 – World Music Day
    Source: TOI
  10. June 21 – Summer Solstice (longest day of the year)
    Source: IE
  11. June 23 – World Hydrography Day; Theme – Hydrography – Underpinning the Digital; Twin of the Ocean
      • National Hydrographic Office (NHO) in Dehradun celebrated WHD in India.
      • Hydrography is the science of surveying and charting bodies of water, such as seas, lakes, and rivers.
        Source: PIB

Awards

  1. Writer Arundhati Roy has been awarded the 45th European Essay Prize for lifetime achievement for the French translation of her compilation of essays titled Azadi: Liberté, Fascisme, Fiction (Azadi: Freedom, Fascism, Fiction in English).
      • Roy will receive a cash prize of CHF 20,000 (about Rs 18 lakh) at a ceremony in September in Lausanne, Switzerland.
Knowledge Nuggets -
• Since its inception in 1975, the award has honoured a book or the work of an author “who, through their writings, contributes to nourishing and spreading the evolution of thought”.
Source: Scroll.in

  1. 4th National Water Awards-2022 have been conferred at Vigyan Bhawan, New Delhi by the Ministry of Jal Shakti.
      • A total of 41 winners, including joint winners, covering 11 categories, were felicitated.
CategoryFirst Prize Winner Prize Money
Best StateMadhya Pradesh -
Best DistrictGanjam, Odisha -
Best Village PanchayatJagannadhapuram Village Panchayat, Telangana First award: Rs.2 lakh
Second award: Rs.1.5 lakh
Third award: Rs.1 lakh
Best Urban Local BodyChandigarh Municipal Corporation, Chandigarh First award: Rs.2 lakh
Second award: Rs.1.5 lakh
Third award: Rs.1 lakh
Best MediaAdvance Water Digest Private Limited Gurugram, Haryana First award: Rs.2 lakh
Second award: Rs.1.5 lakh
Third award: Rs.1 lakh
Best SchoolJamiyatpura Primary School, Mehsana, Gujarat First award: Rs.2 lakh
Second award: Rs.1.5 lakh
Third award: Rs.1 lakh
Best Institution for Campus usage Shri Mata Vaishno Devi Shrine Board, Reasi, Jammu and Kashmir First award: Rs.2 lakh
Second award: Rs.1.5 lakh
Third award: Rs.1 lakh
Best Industry Barauni Thermal Power Station, Begusarai, Bihar First award: Rs.2 lakh
Second award: Rs.1.5 lakh
Third award: Rs.1 lakh
Best NGO Arpan Seva Sansthan, Udaipur, Rajasthan First award: Rs.2 lakh
Second award: Rs.1.5 lakh
Third award: Rs.1 lakh
Best Water User Association The Sanjeevani Piyat Sahkari Mandli Ltd, Narmada, Gujarat First award: Rs.2 lakh
Second award: Rs.1.5 lakh
Third award: Rs.1 lakh
Best industry for CSR HCL Technologies Ltd First award: Rs.2 lakh
Second award: Rs.1.5 lakh
Third award: Rs.1 lakh
Source: DST and PIB

  1. Star Alliance (HQ – Germany) has won the title of World’s Best Airline Alliance at Skytrax World Airline Awards 2023, also known as the Oscars of the aviation industry.
      • Star Alliance is a global grouping of 26 airlines, including Air India, Lufthansa, Singapore Airlines and South African Airlines.
        Source: ET

Sports

  1. Max Verstappen won the Canadian Grand Prix from pole position to stretch his Formula One championship lead and take Red Bull’s milestone 100th victory.
    Source: Sportstar
  2. Tajinderpal Singh Toor had broken his own shotput National record and Asian record with a massive throw of 21.77m at the Inter-State Championships in Bhubaneswar.
    Source: The Hindu
  3. Ministry of Youth Affairs and Sports has revised the upper ceiling amount of boarding and lodging for Indian Athletes and team officials by 66%.
      • The assistance is given under the Ministry’s Scheme of Assistance to National Sports Federations (NSFs).
      • Now, the athletes and support staff travelling for approved competitions abroad will now be entitled to USD 250 per day, which is an increase of 66% from an earlier norm of USD 150 per day.
        Source: BS

Miscellaneous

  1. K. Bhattacharya (business journalist) has authored “India’s Finance Ministers: From Independence to Emergency” book.
    Source: HBL
CEO of Anujjindal.in

About Anuj Jindal

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Anuj Jindal, the founder, is an ex-manager from SBI, with an M.Com from Delhi School of Economics. He also has a JRF in Commerce & Management and NET in HRM, along with more than 5 years of experience in the field of Education.

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