Daily Current Affairs 4th June, 2024
Daily Current Affairs 4 June 2024 for Banking/Insurance/SSC and other related exams.
NATIONAL NEWS
Supreme Court reconstitutes committee on gender sensitisation
- In a significant development, the Supreme Court has re-constituted gender sensitisation and internal complaints committee with Justice Hima Kohli to lead as the Chairperson of the Committee.
- Apart from Justice Kohli being the Chairperson and Additional Registrar Sukhda Pritam the Member Secretary, other members of the 12-member committee include Justice Nagarathna, senior advocates Meenakshi Arora, Mahalakshmi Pavani, Menaka Guruswamy, Jaideep Gupta, Soumyajit Pani, Advocate-on-Record (AOR) Anindita Pujari, Madhu Chauhan of the Supreme Court Bar Clerk’s Association, Professor Shruti Pandey of O.P. Jindal Global University and Dr. Leni Chaudhuri, the Executive Director, University of Chicago Centre in India Pvt. Ltd.
- It is to be noted that the SC reconstituted the internal complaints committee after keeping in view the Regulation 4 of the Gender Sensitization & Sexual Harassment of Women at the Supreme Court, Regulations, 2013.
- The act of Regulation 4 provides for constitution of the Gender Sensitization & Internal Complaints Committee for sensitizing the public to gender issues and to address any complaints made in connection with sexual harassment at the Supreme Court precincts.
Centre Launches New Mobile Number Series For Service, Transactional Calls
- The Centre introduced a new numbering series, 160xxxxxxx, for making service or transactional calls, to help citizens easily identify legitimate calls and curb unsolicited voice calls from telemarketers using 10-digit mobile numbers.
- Currently, 140xxxxxxx series has been allocated to telemarketers for making promotional/service/transactional voice calls. This clear differentiation between service/transactional calls versus other types of calls will make it easier for citizens to manage their communication.
- The Department of Telecommunications (DoT) said in a statement that since the 140xx series is being used extensively for promotional calls, “consumers normally do not respond to such calls, and many important service/transactional calls are missed”.
FSSAI, APEDA develop Unified India Organic logo
- The Food Safety and Standards Authority of India (FSSAI) and the Agricultural and Processed Food Products Export Development Authority (APEDA) have jointly developed a “Unified India Organic” logo to replace the India Organic and Jaivik Bharat logos.
- The “Jaivik Bharat” logo signify Organic Food from India and communicate adherence to the National Organic Standards.The logo is supported with the tagline ‘Jaivik Bharat’ at the bottom.
- India Organic is a certification mark for organically farmed food products manufactured in India.
INTERNATIONAL NEWS
India joins U.S.’s Red Flag air and RIMPAC naval exercises
- Indian Air Force (IAF) and Indian Navy are taking part in two mega multinational war games hosted by their U.S. counterparts. The IAF has deployed Rafale fighter jets for the two-week multinational air exercise Red Flag which commenced in Alaska on May 30.
- The IAF contingent, supported by IL-78 air-to-air refuelers and C-17 transport aircraft, arrived at the Eielson Air Force Base in the United States for the advanced aerial combat training exercise.
- On the other hand, the Indian Navy is deploying the indigenous stealth frigate INS Shivalik for Ex RIMPAC (Rim of the Pacific) scheduled to be held in Hawaii from June 25 to August 2.
- This deployment aims to enhance the degree of interoperability with the Japan Maritime Self-Defense Force, the U.S. Navy, and other partner navies participating in RIMPAC 24.
- RIMPAC 2024 is the 29th edition of the world’s largest international maritime exercise, which began in 1971. Approximately 29 nations, 40 surface ships, three submarines, 14 national land forces, over 150 aircraft, and more than 25,000 personnel will participate in this year’s exercise.
Krishn Kanhai’s ‘The Golden Krishna’ Exhibition Opens In Dubai
- Renowned Indian artist Krishn Kanhai unveiled his latest collection, “The Golden Krishna,” in a grand opening ceremony. The exhibition showcases Kanhai’s exquisite new works centered around Lord Krishna.
- The centerpiece of the exhibition is a breathtaking life-sized, three-dimensional painting of Tirupati Balaji, meticulously crafted with 24-karat gold and measuring an impressive 5 feet by 8 feet. This masterpiece exemplifies Kanhai’s signature style, which has captivated art lovers worldwide.
- The exhibition features a captivating selection of contemporary paintings incorporating gold leaves alongside traditional themes that evoke the profound emotions associated with Krishna. Visitors are invited to embark on a three-day journey through Kanhai’s spiritual world, where his artworks celebrate love, peace, and tranquility.
FAO strengthens partnerships with the IFRC, ILO and WMO
- FAO Director-General QU Dongyu signed Memorandum of Understandings(MoU) with the International Federation of Red Cross and Red Crescent Societies (IFRC), the International Labour Organization (ILO) and the World Meteorological Organization (WMO).
- FAO and IFRC have been cooperating for more than a decade with the first MoU signed in 2013. Building on the complementary mandates and strengths of the two agencies, the new approach aims to improve the quality and expand the scope, scale and impact of food security and agricultural livelihoods programming.
- FAO also signed an MoU with ILO to update the cooperation framework of the two Organizations in order to address the challenges of the Agenda 2030 and the Sustainable Development Goals (SDGs).
- FAO and WMO signed MoU to scale up cooperation, envisioning a results-oriented Joint Action Plan coordinated by the FAO Office for Climate Change, Biodiversity and Environment (OCB) in collaboration with the FAO Office for Emergencies and Resilience (OER).
Global Pandemic Treaty To Be Concluded By 2025, WHO Says
- Talks aimed at reaching a global agreement on how to better fight pandemics will be concluded by 2025 or earlier if possible, the World Health Organization said.
- The WHO’s 194 member states have been negotiating for two years an agreement that would, among other things, improve international coordination and collaboration before and during pandemics.
- The historic decisions taken today demonstrate a common desire by member states to protect their own people, and the world’s, from the shared risk of public health emergencies and future pandemics, WHO Director-General Tedros Adhanom Ghebreyesus said.
BANKING & FINANCE
Reserve Bank of India cancels 10-year green bond auction for first time
- In a first, the Reserve Bank of India (RBI) cancelled the auction of 10-year green bonds as traders refused to pay greenium, said dealers. Greenium signifies the premium investors are willing to pay for green bonds because of their sustainability impact.
- Diverging from the pattern of issuing green bonds in the latter half, the government plans to issue green bonds worth Rs 12,000 crore in the first half of the current financial year. The green bonds were planned to be issued in two tranches of Rs 6,000 crore each for a period of 10 years.
- Funds generated via the sale of green bonds will be allocated to public-sector projects aimed at decreasing the carbon footprint of the economy.
SBI’s Market Cap Crosses Rs 8 Lakh Crore, Stocks Surge To All-Time High
- The market capitalization of the State Bank of India (SBI) crossed the Rs 8 lakh crore mark after the bank’s shares surged by 9 per cent during a rally in the stock market, hitting an all-time high of Rs 912.
- The Nifty Bank index also surged to a record high on Monday, crossing the 50,000 mark for the first time. The Nifty index touched a new high of 50,990, with all banking stocks in the index trading with gains at the time of filing this report.
- In its recently released quarterly results, SBI reported a standalone net profit of Rs 20,698.35 crore, reflecting a 24% year-on-year (Y-o-Y) growth, driven by higher interest income and minimal provisions.
BUSINESS & ECONOMY
SEBI Launches ‘Settlement Calculator (BETA Version)’ to Provide Transparency in Calculating Settlement Amounts
- SEBI has launched the ‘Settlement Calculator (BETA Version)’ in order to provide more transparency in the process of arriving at the indicative settlement amount, as per the parameters laid down in SEBI (Settlement Proceedings) Regulations, 2018.
- This Settlement Calculator contains fields for the applicant to identify the violations and select the appropriate options regarding their past regulatory track record based on SEBI’s actions and the details of other ongoing proceedings, if any, on the date of filing the settlement application.
- Further, the Settlement Calculator includes a user-friendly guide video to help users understand the process of arriving at the indicative settlement amount.
OPEC+ Extends Oil Output Cuts Into 2025
- OPEC+ agreed to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production.
- Brent crude oil prices have been trading near $80 per barrel in recent days, below what many OPEC+ members need to balance their budgets. Worries over slow demand growth in top oil importer China have weighed on prices alongside rising oil stocks in developed economies.
- The Organization of the Petroleum Exporting Countries and allies led by Russia, together known as OPEC+, have made a series of deep output cuts since late 2022.
- OPEC+ members are currently cutting output by a total of 5.86 million barrels per day (bpd), or about 5.7% of global demand.
SPORTS
Kedar Jadhav announces retirement from all forms of cricket
- India international Kedar Jadhav announced his retirement from all forms of cricket.
- Jadhav made his One Day International (ODI) debut for India on November 16, 2014, against Sri Lanka, and his T20I debut against Zimbabwe on July 17, 2015. Jadhav, who was part of the 2019 World Cup side, last played an ODI for India against New Zealand in Auckland in 2020.
- An attacking middle-order batsman and a handy off-spinner, Jadhav represented Maharashtra in 87 First-Class games, scoring 6100 runs with 17 centuries and 23 fifties.
Ajeesh Ali Crowned Champion, Kamali Moorthi Defends Titles At Indian Open Of Surfing
- Tamil Nadu surfers swept the top honors in all four categories, men’s open, women’s open, groms boys & U-16 and groms girls & U-16, at the Indian Open of Surfing at the Sasihithlu beach.
- Ajeesh Ali, who competed in the Paris Olympics qualifiers (2023 ISA World Surfing Games, El Salvador) last year, was crowned the new IOS champion in the men’s open category.
- Teenage sensation Kamali Moorthi completed a double victory by winning both the women’s open and groms girls & U-16 categories, successfully defending her titles.
- Another Tamil Nadu teenager, Tayin Arun, impressed the judges with his manoeuvres and was crowned the new IOS champion in the Groms Boys and U-16 category.
Taiwan Athletics Open: India Bag 7 Medals Including 3 Gold, 3 Silver, One Bronze
- In the Taiwan Athletics Open 2024, the Indian contingent concluded the campaign with a remarkable medal haul, bagging seven medals including three golds, three silvers and one bronze medal in Chinese Taipei.
- In women’s Long Jump, Nayana James clinched the gold medal, registering the best jump of 6.43 metres. Sumire Hata of Japan won the silver, while Yu Jeongmi of South Korea won the bronze medal.
- In Men’s 800 metres, India’s Ankesh Choudhary bagged the gold, clocking 1 minute 50.63 seconds, while compatriot Somnath Chouhan won the silver medal clocking 1 minute 50.88 seconds. Hussein Lorana of Philippines won the bronze medal.
- In Men’s pole vault, Dev Meena won the silver medal. Yong Fu Huang of Chinese Taipei also registered a leap of 5.10 metre. However, Yong won the gold medal courtesy of fewer fouls. Another Chinese Taipei athlete Huang Chen Chi took the bronze for a height of 4.80m.
- DP Manu in men’s Javelin throw clinched the gold medal with the best effort of 81.58 metres. In women’s 100 metre hurdles, Nithya Ramraj bagged the silver medal with a timing of 13.23 seconds. While, Vismaya V K won the bronze in the women’s 400m race.
Tanvi Sharma Bags Women’s Singles Title Of Bonn International Badminton Tournament
- India’s Tanvi Sharma bagged the women’s singles title of the Bonn International Badminton Tournament, in Germany .
- The young Indian shuttler defeated Wang Pei Yu of Taiwan in straight sets, 21-19, 22-20. This is the first senior title for the 15-year-old Tanvi.
- However, there was disappointment in store for Indian women’s doubles pairing of Srinidhi Narayanan and Radhika Sharma, who lost to Turkish pair of Yasemen Bektas and Zehra Erdem 21-17 21-10 in a one-sided contest.
- In men’s doubles, Prakash Raj and Gouse Sheik lost to the Dutch combination of Noah Haase Dyon van Wijlick 21-19 21-16.
APPOINTMENTS
India’s first female UN Ambassador, Ruchira Kamboj, retires after 35 years
- India’s first woman Permanent Representative to the United Nations, Ruchira Kamboj retired after 35 years of service, during which she served as Indian envoy in Bhutan, South Africa and the UNESCO.
- Ruchira Kamboj was born on May 3, 1964, and is a retired Indian Foreign Service officer from the 1987 batch. She most recently held the position of Permanent Representative of India to the United Nations, where she worked from August 2022 to May 2024 before retiring.
- She has held the positions of Permanent Representative of India to UNESCO, Paris; High Commissioner of India to South Africa. She was the First Female Indian Ambassador to Bhutan. She was the top-ranked woman in both the 1987 Foreign Service and Civil Services batches in India.
Claudia Sheinbaum Wins Landslide To Become Mexico’s First Woman President
- Claudia Sheinbaum won a landslide victory to become Mexico’s first female president, inheriting the project of her mentor and outgoing leader Andres Manuel Lopez Obrador whose popularity among the poor helped drive her triumph.
- Sheinbaum, a climate scientist and former mayor of Mexico City, won the presidency with between 58.3% and 60.7% of the vote, according to a rapid sample count by Mexico’s electoral authority. That is set to be the highest vote percentage in Mexico’s democratic history.
- Victory for Sheinbaum is a major step for Mexico, a country known for its macho culture and home to the world’s second biggest Roman Catholic population, which for years pushed more traditional values and roles for women. Sheinbaum is the first woman to win a general election in the United States, Mexico or Canada
SCIENCE & TECHNOLOGY
Pakistan launches communication satellite with Chinese assistance
- Pakistan successfully launched a multi-mission communication satellite named PAKSAT MM1, in collaboration with China. The satellite was sent into orbit from the Xichang Satellite Launch Center in Sichuan province.
- The PAKSAT MM1 will significantly enhance internet services across the country. It is also expected to improve television broadcasts, cellular services, and broadband connectivity. The satellite is scheduled to start providing services in August.
- The satellite launch is part of the National Space Programme 2047. The PAKSAT MM1 project was a collaborative effort between Suparco and the Chinese aerospace industry to address the growing communication and connectivity needs of Pakistan.
OBITUARIES
Odisha: Eminent rod puppeteer Maguni Kuanr passes away
- Maguni Charan Kuanr, pioneer of rod puppetry in Odisha and Padma Shri awardee, passed away in Keonjhar. He was 88.
- In recognition of his invaluable contributions to Indian art and culture, Maguni Charan Kuanr was felicitated with the prestigious Padma Shri award in 2023.
- Kuanr has also received Kabi surya Upendra Bhanja Award-the highest award of Odisha Sangeet Natak Akademi for 2012 and Central Sahitya Akademi award in 2004.