Daily Current Affairs (Beepedia) 19th June 2024

    (General Awareness Digest for Regulatory Body Exams)

    RBI, Banking and Economy

    • RBI Cancels Purvanchal Cooperative Bank’s Licence
      • The Reserve Bank of India (RBI) revoked the licence of Purvanchal Co-operative Bank in Ghazipur, Uttar Pradesh, due to inadequate capital and bleak earning prospects. Deposit insurance coverage allows depositors to receive up to Rs 5 lakh.
    • Fitch Ratings Raise India FY25 GDP Forecast to 7.2%
      • Fitch Ratings increased India's GDP growth projection for FY25 to 7.2%, attributing the revision to expected recovery in consumer spending.
    • Zurich Acquires 70% Stake in Kotak General Insurance
      • Zurich Insurance Company Limited acquired a 70% stake in Kotak Mahindra General Insurance for Rs 5,560 crores ($670 million), marking the largest foreign investment in India's general insurance market since the FDI limit increase in 2021.
    • HUDCO's Syndicated Loan Market Entry
      • HUDCO raised $200 million (JPY 30 billion) through its first syndicated loan, arranged by Japan's SMBC, to expand its social housing platform and enhance urban infrastructure in India.
    • SBI Infrastructure Bonds Issuance
      • State Bank of India (SBI) plans to raise Rs 10,000 crore through infrastructure bonds, marking the first bond issuance for this fiscal year.

    SEBI and Financial Awareness

    • SEBI Penalties on Hexa Tradex Ltd
      • SEBI imposed penalties totaling Rs 35 lakh on Hexa Tradex Ltd, its promoters, and directors for violations of delisting and disclosure norms.

    NABARD and Agriculture

    • PM-KISAN Scheme and Initiatives
      • Prime Minister Narendra Modi released the 17th instalment of Rs 20,000 crore under the PM-KISAN scheme. The Krishi Sakhi initiative aims to create 3 crore ‘Lakhpati Didis’.

    National

    • The Post Office Act, 2023
      • The Post Office Act, 2023, effective from June 18, 2024, repeals the Indian Post Office Act, 1898, aiming to simplify the legislative framework for postal services.
    • Cyber Surakshit Bharat Initiative
      • This initiative by MeitY aims to spread awareness about cyber-crime and build capacities among CISOs and IT officials across government departments.
    • Direct Tax Collections for FY 2024-25
      • Net Direct Tax collections as of June 17, 2024, stood at Rs. 4,62,664 crores, showing a 20.99% increase compared to the same period last year.

    International

    • Bilateral Relations – NSA Meet of India and USA
      • Indian and U.S. National Security Advisers emphasized technological cooperation and removing barriers to enhance bilateral ties.
    • Immigration Policy Changes by USA
      • New rules by President Joe Biden will streamline the process for undocumented spouses of U.S. citizens to obtain permanent residency.

    States

    • NHAI's Miyawaki Plantation Initiative
      • NHAI plans to implement Miyawaki plantations across over 53 acres of land adjacent to highways in Delhi-NCR to enhance green cover.

    Reports and Indexes

    • Google Launches Gemini App in India
      • Google launched the Gemini app in India, supporting nine Indian languages and English, aimed at enhancing accessibility through AI.

    Defence

    • Joint Doctrine for Cyberspace Operations
      • Released by the Chief of Defence Staff, this doctrine guides commanders in conducting Cyberspace Operations in the military.

    Science and Technology

    • State-of-the-Art Skin Bank at Army Hospital (Research & Referral)
      • The first skin bank within the Armed Forces Medical Services, aimed at revolutionizing the treatment of severe burn injuries.

    Events

    • Interactive Session on Dark Patterns
      • The Department of Consumer Affairs participated in a session to raise awareness about deceptive designs by e-commerce platforms.

    Awards & Rewards

    • Neeraj Chopra Wins Gold Medal
      • Neeraj Chopra won a gold medal at the Paavo Nurmi Games with a winning throw of 85.97m.
    • Arjun Erigaisi’s Chess Achievement
      • Arjun Erigaisi won the Stepan Avagyan Memorial 2024 in Armenia, boosting his Elo rating and retaining his position as the highest-ranked Indian chess player.

    Appointments

    • Dhanlaxmi Bank Appointed New MD and CEO
      • Ajith Kumar KK was appointed as the MD and CEO of Dhanlaxmi Bank, effective June 20, 2024.

    Courses for you

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    • NABARD Grade A Comprehensive Online Course

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    • SEBI Grade A Online Crash Course

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    • RBI Grade B Exclusive Online Course

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    Recommended Previous Year Question Papers

    Recommended Free Mock Tests

    • RBI Grade B Phase 1

      RBI Grade B Mock Test 2024 , Practice Phase 1 Online Test Series

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