Current Affairs Today 1st and 2nd June 2024 Daily GK Update

Daily Current Affairs 1st and 2nd June 2024 Daily GK Update

Current Affairs Quiz 2024, Daily gk updates and Current affairs play a major role in any competitive exam. so here we are providing the current affairs quiz on a daily basis for Bank, SSC, Railway and Other Government Competitive Examinations.

Here you can find Current Affairs Quiz for IBPS PO Mains, Current Affairs Quiz for IBPS RRB PO Mains, Current Affairs Quiz for IBPS RRB Clerk Mains, Current Affairs Quiz for RBI Assistant Mains, Current Affairs Quiz for RBI Grade B, Current Affairs Quiz for SSC.

 National News

NSE Indices launches India’s first EV index to facilitate

• Index provider NSE Indices launched a new thematic index called Nifty EV & New Age Automotive index.
• The 33-stock index will track the performance of companies which form a part of the electric vehicle (EV) ecosystem or are involved in the development of new-age automotive vehicles or related technology.
• Bajaj Auto, Tata Motors, Mahindra & Mahindra and Maruti Suzuki are the top four components of the index.

BFI agrees to become a member of World Boxing

• The Boxing Federation of India (BFI) has agreed to become a member of World Boxing, the International Federation established to ensure boxing remains at the heart of the Olympic Movement.
• The membership application has been approved by the BFI’s General Assembly, and will be ratified by World Boxing’s Executive Board.
• World Boxing was launched in April 2023 and aims to ensure that boxing remains at the heart of the Olympic movement.
• The BFI president, Ajay Singh, recently met with World Boxing’s President and Secretary General to discuss ways in which India can support the International Federation in growing its member base in Asia where FBI is one of the largest National Federation.

Adani Ports signs 30-year concession pact to operate Tanzania Port Terminal

• Marking its third foray into international ports, Adani Ports and Special Economic Zone (APSEZ) will operate and manage Container Terminal 2 at the Dar es Salaam Port, Tanzania, through its subsidiary Adani International Ports Holdings Pte Ltd.
• The concession agreement for 30 years has been signed with the Tanzania Ports Authority.
• Through a joint venture formed with Abu Dhabi Ports Group and East Harbour Terminals Ltd last year, India’s largest port operator has also bought the Hong Kong-based SPV which employs the manpower and equipment at the terminal for $39.5 million.

Banking and Financial

RBI cancels 10-year green bond auction for first time

• Reserve Bank of India (RBI) cancelled the auction of 10-year green bonds as traders refused to pay greenium.
• Greenium signifies the premium investors are willing to pay for green bonds because of their sustainability impact.
• Funds generated via the sale of green bonds will be allocated to public-sector projects aimed at decreasing the carbon footprint of the economy.
• 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.

India’s fiscal deficit in FY24 improved to 5.6% of GDP: Govt data

• India’s fiscal deficit stood at Rs 16.54 lakh crore in FY24 as against the budgetary target of Rs 17.86 lakh crore. With this, the fiscal gap has reached 95.3 per cent of the budgetary target, data from the Comptroller General of Accounts showed.
• The central government’s fiscal deficit stood at 5.6 per cent of GDP in FY24, below the revised estimate of 5.8 per cent.
• The centre’s net tax receipts for FY24 were higher than projected at Rs 23.27 lakh crore, and 100.1 per cent of the year’s target.
• Meanwhile, the total expenditure came in at Rs 44.43 lakh crore, or 99 per cent of the targeted expenditure for that year.
• The government’s capital spending on infrastructure projects was Rs 9.49 lakh crore.
• In addition, fiscal deficit for April this year stood at Rs 2.1 lakh crore, or 12.5 per cent of the full year target.

RBI imposes monetary penalty on SBM Bank (India)

• The Reserve Bank of India (RBI) has imposed a penalty of Rs 88.70 lakh on SBM Bank (India) for non-compliance with certain regulatory norms.
• The central banks said the penalty has been imposed for non-compliance with licensing conditions imposed by the RBI, and specific directions to stop undertaking Liberalised Remittance Scheme (LRS) transactions with immediate effect.
• The RBI said the bank was engaged business correspondents for establishing account-based relationship with customers from certain regions, despite its request being not acceded to by RBI.

Recent Penalties imposed on Banks by RBI

• HSBC (36.38 lakh) – for violating Fema regulations
• ICICI Bank (1 crore) – For non-compliance with certain directions on ‘Loans and Advances – Statutory and Other Restrictions’.
• YES Bank (91 lakh) – For violation of certain norms on ‘Customer Service in Banks’, and ‘Un-authorised Operation of lnternal/Office.
• Hero Fincorp Ltd (3.10 lakh) – For rule violations
• Lokmangal Co-operative Bank (5 lakh) – For rule violations.

Canara Bank gives approval to dilute 14.50% stake in insurance unit

• Canara Bank has granted an approval for initiating the process of diluting its 14.50 per cent stake in its subsidiary Canara HSBC Life Insurance Company Ltd.
• The bank has accorded approval for initiating the process of diluting 14.50 per cent stake of the Bank in its subsidiary Canara HSBC Life Insurance by listing the company in Stock Exchanges (BSE/NSE) through initial public offer (IPO).
• Earlier in the day, the lender’s Board approved the raising of Rs 8,500 crore via debt instruments (Additional Tier I / Tier II Bonds) for the financial year 2024-25.

About Canara Bank

• Founded – 1906
• Headquarters- Bengaluru, Karnataka
• MD & CEO – K Satyanarayana Raju
• Tagline – Together with Can

India’s GDP grows 8.2% in FY24 against 7% in FY23

• According to the provisional estimate of the National Statistical Organization (NSO), the Indian Gross Domestic Product (GDP) grew by 8.2 per cent in the financial year 2023-24.
• The Indian GDP growth rate in 2022-23 was 7 percent. This is the ninth time since 1960-61 the Indian GDP has grown by 8 per cent or more in a financial year.
• According to the Ministry of Statistics and Programme Implementation, real GDP or GDP at constant prices is estimated to attain a level of over 173 lakh crore rupees in the year 2023-24.
• The Reserve Bank of India had estimated a growth rate of 7.6 per cent for the Indian economy in 2023-24. The unexpectedly high growth rate of 8.2 per cent in 2023-24 was due to the strong performance of the economy in the fourth quarter (January- March 2024) of the financial year 2023-24.
• The Indian GDP grew by 7.8 per cent in the fourth quarter of 2023-24 (January-March) compared to January -March 2023.
• Quarterly GDP Growth Rate in 2023-24
• The following are the growth rates of the Indian GDP in the four quarters of the financial year 2023-24.

Quarter of Financial Year 2023-24 Growth Rate

• Q1(April – June 2023) – 8.2 %
• Q2(July to November 2023) – 8.1%
• Q3 (October -December 2023) – 8.6%
• Q4 (January- March 2024) – 7.8%

Awards

NIMHANS awarded Nelson Mandela Award for Health Promotion for 2024

• The National Institute of Mental Health and Neuro Sciences (NIMHANS) in Bengaluru has been awarded the Nelson Mandela Award for Health Promotion for 2024 by the World Health Organization (WHO).
• The institute is an Institute of National Importance under the Ministry of Health and Family Welfare.
• Union Health Minister Dr. Mansukh Mandaviya congratulated the institute, highlighting that it is a recognition of India’s efforts in inclusive healthcare.
• The Nelson Mandela Award for Health Promotion, established by WHO in 2019, recognizes individuals, institutions, governmental or non-governmental organizations that have demonstrated remarkable contributions to health promotion.

Recent Award

• UN Military Gender Advocate of the Year Award – Major Radhika Sen
• Economic Times HR World Future Ready Organization Award 2024-25 – NHPC
• UK’s Women’s Empowerment Award – Arti (from UP)
• Shaw Prize 2024 in astronomy – Srinivas R. Kulkarni
• International Booker Prize 2024 – Jenny Erpenbeck and Michael Hofmann (Kairos)

Sports 

Bernadine Bezuidenhout retires from international cricket

• New Zealand cricketer Bernadine Bezuidenhout announced her retirement from international cricket.
• The 30-year-old appeared in 4 ODIs, and 7 T20Is for South Africa after that she switched to New Zealand. Bezuidenhout played 16 ODIs and 22 T20Is for the Kiwis in the international cricket.
• Bezuidenhout played her maiden international cricket in 2014 for the Proteas.
• In 2015, she relocated to Christchurch and was picked in New Zealand’s squad in 2018 after her end of a two-year residential stand-down in August 2017.

Recently Retired Players

• James Anderson (England) – International Cricket
• Saurav Ghosal (India) – Professional Squash
• Collins Obuya (Kenya) – International cricket
• Matthew Wade (Australia) – First-class cricket
• Neil Wagner (New Zealand) – International cricket

England’s Brydon Carse banned for three months for betting violations

• England paceman Brydon Carse has been banned from all cricket for three months for betting violations.
• Brydon Carse, who signed an England central contract in October, accepted the charges of placing 303 bets on various cricket matches between 2017 and 2019.
• Carse, who signed an England central contract in October, accepted the charges of placing 303 bets on various cricket matches between 2017 and 2019, though not on games in which he was playing.

Indian-American Bruhat Soma wins Scripps National Spelling Bee

• Bruhat Soma, a 12-year-old Indian-American seventh-grade student from Florida, has won the Scripps National Spelling Bee after he spelt 29 words correctly in the tiebreaker, maintaining the dominance of the children from the small ethnic community in the prestigious competition.
• Bruhat emerged victorious in the Scripps National Spelling Bee, earning more than $50,000 in cash and other prizes.
• This year’s contest came down to a tiebreaker in which Bruhat spelt 29 words correctly in 90 seconds, beating Faizan Zaki, who managed to correctly spell 20 words in the lightning round.

Important day

1 June – Global Day of Parents

• The Global Day of Parents is observed on 1 June every year.
• The United Nations General Assembly established this day in 2012 to express international awareness about the importance of parenthood and to promote the healthy development of children by their parents.
• The day was established to highlight the parents’ significant role in their children’s development and promote their healthy growth and development.
• The General Assembly also emphasized the importance of parental support and involvement in the education and development of children.

1 June – World Milk Day

• World Milk Day is celebrated every year on 1 June.
• This day is dedicated to the dairy industry and the products they sell. It is a day to start a conversation about how accessible, affordable, and nutritious milk is around the world.
• World Milk Day, established by the Food and Agriculture Organization (FAO) of the United Nations, has been observed across the world since its inception in 2001.
• Milk is a staple of many cultures, and it is used in a variety of ways, including drinking, cooking, and making ice cream. It is also a significant source of calcium, vitamin D, and potassium, which are essential nutrients for human health.

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