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Daily Current Affairs 1st July 2024 Daily GK Update
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National News
ADB & Aadhar housing partners to give housing loans to low-income women
- The Asian Development Bank (ADB) has signed a USD 60 million nonconvertible debentures financing agreement, disbursing USD 30 million to Aadhar Housing Finance Limited (AHFL) to provide housing loans to women and address the shortage of financing in the low-income and affordable housing segment in India.
- As per a release, half of the funds will be deployed in Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, Uttar Pradesh, and West Bengal.
- AHFL aims to increase financial penetration by focusing on growing our share of the low-income housing segment mortgage market in India and continuing to focus on the salaried and self-employed categories from the economically weaker and low- to middle-income segments of the Indian economy.
Itanagar Woman Police Station Achieves ISO 9001:2015 Certification
- The Woman Police Station in Itanagar, under Capital Police, has achieved ISO 9001:2015 certification.
- This certification is globally recognized for establishing and maintaining a high-quality management system. It signifies the station’s commitment to effectively handling crimes against women and children.
- The certification process involved a rigorous evaluation of the station’s procedures, policies, and practices.
- The ISO 9001:2015 certification is an international standard that signifies the implementation of a comprehensive quality management system.
About Arunachal Pradesh
- Capital – Itanagar
- Chief Minister – Pema Khandu
- Governor – LG (Retd) Kaiwalya Trivikram Parnaik
- Legislative Assembly Seat – 60International News
India becomes world’s 3rd largest Domestic Aviation Market
- India has become the world’s third-largest domestic aviation market after the U.S. and China.
- According to data compiled by aviation analytics firm Official Airline Guide (OAG), India is now third in the aviation market after airlines such as IndiGo and Air India have expanded their fleet size to cater to the surge in air passengers.
- India’s domestic airline capacity doubled in the last 10 years from 7.9 million seats in April 2014 to 15.5 million in April 2024.
- India has replaced Brazil, which now stands at the fourth place with 9.7 million airline seats followed by Indonesia in fifth rank with 9.2 million.
- India has also posted the highest annual average capacity growth rate of 6.9 per cent over the last decade among the top five countries, followed by China at 6.3 per cent and the US at 2.4 per cent.
- IndiGo and Air India, which together have more than 1,000 planes on order, account for 9 of 10 domestic seats in the country.
Banking and Financial
RBI announces SAARC Currency Swap Framework for 2024-27
- The Reserve Bank of India has put in place a revised framework on currency swap arrangements for countries within the South Asian Association of Regional Cooperation (SAARC) grouping for the time period 2024 to 2027.
- Under the Framework for 2024-27, a separate INR Swap Window has been introduced with various concessions for swap support in Indian Rupee.
- The total corpus of the Rupee support is ₹250 billion (Rs 25,000 crore).
- The central bank will continue offering swap arrangements in US dollars and euros under a separate dollar/euro swap window with an overall corpus of $2 billion.
- Under the currency swap framework, the RBI would strike bilateral swap agreements with central banks of SAARC countries.
- The SAARC currency swap facility, which was first operationalised in November 2012, is intended to provide a backstop line of funding for short-term foreign exchange liquidity requirements or balance of payments crises suffered by SAARC countries till longer-term arrangements are made.
RBI ups financial accommodation for States/UTs by 28% to ₹60,118 crore
- The Reserve Bank of India (RBI) has raised Ways and Means Advances (WMA) limit or financial accommodation for state governments and Union Territories (UTs) by 28% from Rs 47, 010 crore (fixed in April 2022) to Rs 60, 118 crore and will come into effect from 1st July, 2024.
- The WMA limit has been raised based on the recommendations made by the group formed by the RBI which comprises finance secretaries of various states to address the expenditure data of states for recent years.
- The RBI provides WMA (or financial accommodation) to the States banking with it to help them to tide over temporary mismatches in the cash flow of their receipts and payments.
- Such advances, are repayable in each case not later than three months from the date of making that advance.
- There are two types of WMA – normal and special. While normal WMA are clean advances, special WMA are secured advances provided against the pledge of Government of India dated securities.
- WMA scheme was 1st introduced by Government of India (Gol) in 1997.
World Bank approves 2nd Round of 1.5 bn dollars in financing to help India Accelerate Development of Low-Carbon Energy
- The World Bank has approved a second round of 1.5 billion dollars in financing to help India accelerate the development of low-carbon energy.
- The financing is extended to promote a market for green hydrogen, electrolysers, and increased renewable energy penetration.
- In June 2023, the World Bank approved the 1.5 billion dollars for the First Low-Carbon Energy Programmatic Development Policy Operation.
- The fresh funding is expected to help India expand its green hydrogen production and boost the mobilisation of finance for low-carbon investments.
- The development comes in the backdrop of India’s ambitious National Green Hydrogen Mission and energy transition targets. The Centre has set a target of achieving 500 GW of installed renewable energy capacity by 2030 and reaching net zero by 2070.
About World Bank
- Founded – 1944
- Headquarters – Washington DC
- President – Ajay Banga
- MD & CFO – Anshula Kant
- Chief Economist – Indermit Gill
- Executive Director – Rajesh Khullar
- Member Countries -189
- World Bank Group – 5 (IBRD, IDA, IFC, MIGA and ICSID)
Appointment
Portugal’s António Costa, the European Council’s next president
- Former Portuguese Prime Minister António Luís Santos da Costa has been appointed in the European Union, that of President of the European Council.
- Ursula Von der Leyen has been reinstated for a second term as President of the European Commission.
- He became the first Portuguese leader to hold this position, and the appointment marks a significant milestone in European politics.
Awards
GRSE wins ‘Sustainable Governance Champion Award 2024’
- Garden Reach Shipbuilders & Engineers (GRSE) Ltd. has received the “Sustainable Governance Champion Award” at the Outlook Planet Sustainability Summit & Awards 2024.
- GRSE demonstrated a strong commitment to sustainable practices and governance excellence.
- The award acknowledges GRSE’s integration of sustainability into core operations.
- GRSE is recognized for driving innovation in sustainable shipbuilding practices. The company promotes environmental stewardship within the maritime and defense sectors.
Defence
Thales inks pact with Adani Defence to manufacture 70mm rockets in India
- Adani Defence & Aerospace – the defence arm of the Adani Group – has signed an agreement with the Thales Group to manufacture 70mm rockets in India.
- This partnership is not only significant for their commitment to India, “but it also allows us to strengthen our partner network worldwide”.
- This partnership is a key milestone in our continued support of ‘Make in India’ and ‘Aatmanirbhar Bharat’ vision for India’s growing defence industry.
About Thales Group
- Thales Group is a French multinational company that designs, develops and manufactures electrical systems as well as devices and equipment for the aerospace, defence, transportation and security sectors.
- The company is headquartered in Paris.
INS Shivalik joins RIMPAC naval exercise in Pearl Harbour
- Indian multi-role stealth frigate INS Shivalik, mission deployed in South China Sea and North Pacific Ocean, has reached Pearl Harbour in Hawaii to take part in the 29th edition of Rim of the Pacific (RIMPAC) exercise, which is the world’s largest naval exercise.
- According to the US Navy, approximately 29 nations, 40 surface ships, three submarines, 14 national land forces, over 150 aircraft and more than 25,000 personnel will train and operate in and around the Hawaiian Islands during the exercise.
- The Exercise is being held under the theme of Partners: Integrated and Prepared, which runs until August 1.
- Besides India, the participating countries include Australia, Belgium, Brazil, Brunei, Canada, Chile, Colombia, Denmark, Ecuador, France, Germany, Indonesia, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Peru, South Korea, the Philippines, Singapore, Sri Lanka, Thailand, Tonga, United Kingdom and the USA.
- Earlier this month, INS Shivalik participated in the eighth edition of the bilateral Japan-India Maritime Exercise 2024 (JIMEX 24) held in Japan’s Yokosuka.
Sports
Virat Kohli, Rohit Sharma & Ravindra Jadeja announces retirement from T20Is
- India captain Rohit Sharma and Virat Kohli has announced retirement from T20 international cricket after winning the World Cup final against South Africa.
- India all-rounder Ravindra Jadeja has also announced his retirement from T20 internationals.
- Rohit Sharma’s T20 international career began in 2007, and over the next 17 years, he transformed into one of the most feared batsmen in the shortest format of the game.
- Virat Kohli’s T20 international career began on June 12, 2010, when he made his debut against Zimbabwe.
- Jadeja made his debut in T20Is against Sri Lanka back in 2009, he played 74 matches, scoring 515 runs and taking 54 wickets.
Recently Retired Players
- Trent Boult (New Zealand) – International cricket
- David Wiese (Namibia) – International cricket
- Kedar Jadhav (India) – International cricket
- Dinesh Kartik (India) – All forms of cricket
- Bernadine Bezuidenhout (South Africa and New Zealand) – International Cricket
About T -20 World Cup 2024
- Edition – 9th
- Host Country – West Indies and United States
- Number of teams – 20
- Final Match – Kensington Oval in Bridgetown, Barbados
- Winner – India
- Runners-up – South Africa
- South Africa Captain – Aiden Markram
- India Captain – Rohit Sharma
- Most Runs – Rahmanullah Gurbaz (Afghanistan; 281 runs in 8 matches)
- Most wickets – Fazalhaq Farooqi (Afghanistan; 17 wickets in 8 matches), Arshdeep Singh (India; 17 wickets in 8 matches)
- Player of the Series – Jasprit Bumrah
- Player of the Match – Virat Kohli
- Prize money for Winner – USD 2.45 million
- Prize money for Runners-up – USD 1.28 million
- Brand Ambassador – Yuvraj Singh, Chris Gayle, Shahid Afridi and Usain Bolt
- Participate Country – India, Pakistan, Bangladesh, South Africa, England, Afghanistan, Australia, Ireland, Canada, Namibia, Nepal, New Zealand, Netherlands, Oman, Papua New Guinea, Scotland, Sri Lanka, Uganda, United States, West Indies.
- India is the most successful team with second titles.
Complete T20 Word Cup Winner List
- 2007 – India
- 2009 – Pakistan
- 2010 – England
- 2012 – West Indies
- 2014 – Sri Lanka
- 2016 – West Indies
- 2021 – Australia
- 2022 – England
- 2024 – India
Upcoming ICC Men’s T20 World Cup Events
- ICC Men’s T20 World Cup 2026 – India and Sri Lanka
- ICC Men’s T20 World Cup 2028 – Australia and New Zealand
- ICC Men’s T20 World Cup 2030 – England, Ireland and Scotland
About International Cricket Council (ICC)
- The International Cricket Council is the global governing body of cricket.
- It was founded as the Imperial Cricket Conference in 1909 by representatives from Australia, England and South Africa.
- It was renamed as the International Cricket Conference in 1965, and took up its current name in 1987.
- Formation – 15 June 1909
- Headquarters – Dubai, UAE
- Chairman – Greg Barclay (New Zealand)
- Deputy Chairman – Imran Khwaja (Singapore)
- CEO – Geoff Allardice (Australia)
- General Manager – Wasim Khan
- Membership – 108 members
BCCI announces Rs 125 Cr Prize Money for Team India after T20 World Cup win
- The Board of Control for Cricket in India (BCCI) has announced a massive Prize Money of 125 crore rupees for Team India after winning the ICC Men’s T20 World Cup 2024.
- The announcement was made by BCCI secretary Jay Shah following India’s iconic victory at the Kensington Oval.
- Rohit Sharma-led Team India has created history by becoming the first team to ever win the T20 World Cup not having lost a single game throughout the the tournament.
- The ICC (International Cricket Council) had already announced a record prize pool of $11.25 million for the T20 World Cup 2024.
- Being the winners of the competition, India are set to receive $2.45 million (Rs 20.42 crores) along with added bonuses which is the highest-ever amount awarded in the tournament’s history.
- On the other hand, South Africa will get $1.28 million (Rs 10.67 crore) for finishing as the runner-up of the competition. Along with it, teams will be also awarded an extra $31,154 (INR 25.97 lakh) for winning each match which makes the total prize money for team India by the ICC to be at INR 22.63 Crore
Important day
30 June – World Asteroid Day
- International Asteroid Day is observed every year on 30 June.
- Objective – To raise awareness about asteroids and the potential hazards they pose to our planet.
- This day serves as a reminder of the importance of scientific research and international collaboration in detecting and mitigating asteroid impacts.
- In 1908, the asteroid event also known as the Tunguska Event occurred in a Siberian desert area; the area is now referred to as Krasnoyarsk Krai.
- The asteroid did not leave any impact crater – it is believed to have disintegrated after entering the earth’s surface.
- Stephen Hawking, along with a few other people, including an Apollo 9 astronaut and Brian May, the guitarist for Queen and also an astrophysicist, founded International Asteroid Day.
- In 2014, the day was officially launched. In 2016, the United Nations announced the day to be celebrated every year.
30 June – International Day of Parliamentarism
- The International Day of Parliamentarism is observed annually on June 30th.
- This day celebrates the role of parliaments in democratic governance and highlights their importance in building peace and understanding between nations.
- Theme 2024 – Parliamentary diplomacy: Building bridges for peace and understanding.
- This special day, established by a United Nations General Assembly Resolution in 2018, serves as an opportunity to reflect on the progress made by parliaments worldwide in achieving predetermined goals.
1 July – National Doctor’s Day
- National Doctor’s Day is observed every year on July 1.
- This day is recognized for the excellent contributions made by doctors and other healthcare professionals who play an important role in guiding us toward a healthy and happy life.
- Theme 2024 – Healing Hands, Caring Hearts.
- On July 1, 1882, Dr Bidhan Chandra Roy was born. He was a renowned physician and served as the second Chief Minister of the state of West Bengal. His contributions to healthcare and the public health are celebrated till date.
- July 1 was announced as National Doctor’s Day in 1991 by the Government of India to commemorate the birth anniversary of the celebrated doctor – Dr Bidhan Chandra Roy.
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