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 Current Affairs Weekly PDF – June 2024 – 1st Week
(1–7)
NATIONAL AFFAIRS

Central Council for Research in Ayurvedic have jointly developed a ‘Unified India Organic’ logo
Sciences Launches PRAGATI-2024 to replace the India Organic and Jaivik Bharat logos.
The Central Council for Research in Ayurvedic Sciences ✓ The India Organic logo was used on organic
products complying with the National
(CCRAS) has launched the Pharma Research in
Programme for Organic Production (NPOP)
AyurGyan And Techno Innovation (PRAGATI-2024), an
initiative to shape the future of Ayurveda. The whereas the Jaivik Bharat logo was used on
organic products certified by FSSAI.
initiative aims to boost research and innovation in
Ayurveda by fostering collaboration between CCRAS
and the Ayurveda drug industry. Reliance Foundation Signed MoU with
INCOIS For Coastal Community
India Hosted 46th Antarctic Treaty Empowerment
Consultative Meeting & 26th Committee on The Reliance Foundation and the Hyderabad
Environmental Protection in Kerala (Telangana) - based Indian National Centre for Ocean
Information Services (INCOIS), an autonomous body
India has successfully hosted the 46th Antarctic Treaty
under the Ministry of Earth Sciences (MoES),
Consultative Meeting (ATCM-46) and the 26th
Government of India (GoI), have signed an
Committee on Environmental Protection (CEP-26)
Memorandum of Understanding (MoU) to empower
from 20th to 30th May 2024 in Kochi, Kerala. ATCM-
the inhabitants of coastal areas.
46 was held under the theme “Vasudhaiva
Kutumbakam” (A Sanskrit phrase which means ‘one
Earth, one family, one future’). DoT Introduces New Mobile Number Series
✓ ATCM-46 and CEP-26 were hosted by the For Service & Transactional Calls
Ministry of Earth Sciences(MoES), The Department of Telecommunications (DoT) has
Government of India, through the National introduced 160 series for making service and
Centre for Polar and Ocean Research transactional voice calls. This 160 series will replace
(NCPOR), Goa, with support from the the 140 series, which is currently used
Antarctic Treaty Secretariat. by telemarketers for making promotional, service, and
✓ During the event, a customised transactional calls, but the 140 series will continue to
“MyStamp” featuring the logo of ATCM-46 be used for promotional calls.
was released in collaboration with India Post.
✓ During the event, Union Minister Kiren Rijiju
Department of School Education Signed
announced India’s plan to set up an Antarctic
research station, Maitri-II. MoU with National Book Trust To Launch
Rashtriya E-Pustakalaya
The Department of School Education & Literacy
FSSAI & APEDA Jointly Develops ‘Unified
(DoSE&L), Ministry of Education (MoE), Government
India Organic’ Logo
of India (GoI) has signed a Memorandum of
The Food Safety and Standards Authority of India
understanding (MoU) with the National Book Trust
(FSSAI) and the Agricultural and Processed Food
(NBT) to create an institutional framework for
Products Export Development Authority (APEDA)
Rashtriya e-Pustakalaya, a Digital Library Platform.

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Gati Shakti Vishwavidyalaya Signed Three ✓ STPI launched two new web portals,
MoUs For Industry-Academia Collaboration SayujNet, a networking and resource
discovery platform, and STPI-Workspace, an
Gati Shakti Vishwavidyalaya (GSV) has signed three
STPI Workspace portal.
Memorandum of understandings (MoUs) with Nokia
✓ STPI also announced its new initiative under
Corporation, Plasser (India) Private Limited and
the brand name “Ananta”, to develop a
Jacobs Solutions Inc. to strengthen the partnership
between industry and academia. strong cloud network made by Indians for
Indians.
Note: GSV in Vadodara, Gujarat, is a Central University
under Ministry of Railways.

MoHFW Signed MoU with MoD To Set Up

Dedicated Tele MANAS Cell For Armed
Forces
The Ministry of Health and Family Welfare (MoHFW)
signed a Memorandum of Understanding (MoU) with
the Ministry of Defence (MoD) to facilitate
collaboration in operating a special Tele Mental
Health Assistance and Networking Across States
(Tele-MANAS) Cell.
✓ Tele MANAS Cell, the National Telemental
Health Helpline of MoHFW, is a pilot project
for a period of two years at the Armed Forces
Medical College (AFMC) in Pune
(Maharashtra).
✓ This initiative provides toll-free number, MeitY Secy Inaugurated Indigenous Air
14416, in each State and Union Territory (UT) Quality Monitoring System & launched Air-
for easy access to mental health support.
Pravah App
On the occasion of World Environment Day 2024 (5th
AFMS Signed MoU with IIT Hyderabad For June 2024), S Krishnan, Secretary of the Ministry of
Collaborative Research and Training Electronics and Information Technology (MeitY),
The Armed Forces Medical Services (AFMS) have inaugurated an indigenous Air Quality Monitoring
signed a Memorandum of Understanding (MoU) with System (AQ-AIMS) during the event held in New
the Indian Institute of Technology (IIT) Hyderabad to Delhi, Delhi.
collaborate on research and training. ✓ He also launched the mobile application “Air-
Pravah” for real-time Air Quality Index (AQI)
STPI Celebrated 33rd Foundation Day in New monitoring
✓ The government of India (GoI) has designated
Delhi
Bihar’s Nagi Bird Sanctuary and Nakti Bird
Software Technology Parks of India (STPI), an
Sanctuary as wetlands of International
autonomous society under the Ministry of Electronics
Importance under the Ramsar convention,
and Information Technology (MeitY), celebrated its
taking the total number of RAMSAR sites in
33rd Foundation Day on 5th June 2024 at a special
India to 82.
event held in New Delhi, Delhi.
✓ The foundation day event was held under the
theme “Positioning Bharat as a Tech Product
Nation”.

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MoD Signed MoUs with 4 Banks To Onboard them as System for Pension Administration – Raksha
Them As 'SPARSH' Service Centres (SPARSH) service centres across 1,128 branches of
these banks in India.
The Defence Accounts Department (DAD) of the
✓ The four banks were Bank of India (BOI),
Ministry of Defence (MoD) has signed Memorandum
Canara Bank, Central Bank of India (CBI) and
of understanding (MoUs) with four banks to onboard
Utkarsh Small Finance Bank Limited (USFBL).

INTERNATIONAL AFFAIRS

UNDP & GEF Launched USD 135M Blue and IAF Participates in ‘Red Flag 24-2’ Exercise in
Green Islands Integrated Programme to Alaska,USA
support SIDS The Indian Air Force (IAF) has landed its most
United Nations Development Programme (UNDP) and advanced fighter aircraft, Rafale, at the Eielson Air
the Global Environment Facility (GEF) jointly launched Force Base, Alaska, United States of America (USA), to
a new USD 135 million Blue and Green Islands participate in the multinational Red Flag 24-2
Integrated Program (BGI-IP), a transformative and exercise. The exercise in Alaska is organised by the
comprehensive initiative designed to address pressing Pacific Air Forces (PACAF), the air component
environmental challenges faced by Small Island command of the United States’ Indo-Pacific Command
Developing States (SIDS). (USINDOPACOM).
✓ The initiative was launched during the 4th
International Conference on SIDS (SIDS4)
held in Antigua and Barbuda from 27th to
30th May 2024 under the overarching theme
of “Charting the course toward resilient
prosperity”.

WMO & FAO Signed MoU to strengthen their

collaboration & improve climate services in
agriculture
The World Meteorological Organization (WMO) and
the Food and Agriculture Organization of the United
Nations (FAO) signed a Memorandum of
Understanding (MoU) to strengthen their
collaboration to improve the provision and use of
climate services in agriculture, increase resilience and
climate adaptation. OECD Report: Developed Countries Provided
✓ Under this MoU, WMO and FAO will
USD 115.9 Bn Climate Finance for
collaborate on areas of mutual interest in
relation to weather, ocean, climate, Developing Countries in 2022
hydrological, and related environmental According to the Organization for Economic
services and their application for resilience Cooperation and Development's (OECD) report,
and adaptation of the global agrifood system Climate Finance Provided and Mobilised by Developed
Countries in 2013-2022, developed countries provided
and mobilised USD 115.9 billion as climate finance for
developing countries in 2022.

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 ✓ This exceeds the annual USD 100 billion goals ranking of 118th in the list. IIT Delhi has
for the 1st time, surpassing the target by over improved its rank from 197th (in 2024) to
15%. 150th position (in 2025).
✓ This report is the OECD’s 7th assessment of ✓ Massachusetts Institute of Technology (MIT),
progress towards the United Nations Cambridge, the United States of America
Framework Convention on Climate Change (USA) has topped the list globally for the 13th
(UNFCCC) goal, agreed in 2009. time (2012 and from 2014 to 2025).
✓ Delhi based Guru Gobind Singh Indraprastha
Key Highlights of 77th World Health University (GGSIPU), formerly known as
Indraprastha University (IP university or IPU),
Assembly held in Geneva, Switzerland
has bagged the prestigious “Rising Star”
The 77th World Health Assembly(WHA 77) was held in
award from the QS World Ranking.
Geneva, Switzerland from 27th May to 1st June,
✓ 21st edition of QS World University Rankings
2024.
2025 features 1500 universities across 105
Theme of 2024 WHA is “All for Health, Health for All”.
Higher education systems.
✓ On the sidelines of WHA 77, India hosted a
Top 5 Indian Institutes:
side event on Women, Children and
Indian Name of the Global
Adolescent Health in partnership with Location
Rank University Rank
Norway, United Nations Children’s
Mumbai,
Fund (UNICEF), United Nations Population 1 IIT Bombay 118
Maharashtra
Fund (UNFPA) and Partnership for Maternal,
New Delhi,
Newborn and Child Health (PMCH) in Geneva, 2 IIT Delhi 150
Delhi
Switzerland.
Indian Institute Bengaluru,
✓ Bengaluru(Karnataka)-based National 3 211
of Science (IISc) Karnataka
Institute of Mental Health and
Kharagpur,
Neuro Sciences (NIMHANS), India’s premier 4 IIT Kharagpur 222
West Bengal
Mental Health Institute under the Ministry of
Health and Family Welfare, (MoHFW), bagged Chennai,
5 IIT Madras 227
the Nelson Mandela Award for Health Tamil Nadu
Promotion for 2024 by WHO.
✓ Eminent Public Health Advocate and Tobacco India Participated at ITU’s WSIS+20 Forum
Activist, Professor Bontle Mbongwe High-Level Event Held in Geneva
(Botswana) received the Nelson Mandela India participated in the World Summit on the
Award for Health Promotion for 2024. Information Society (WSIS +20) Forum High-Level
Click here for the complete list of winners Event 2024 held in Geneva, Switzerland from 27th to
31st May 2024. Co-organisers: International
QS World University Rankings 2025: IIT Telecommunication Union (ITU) in partnership with
Bombay and IIT Delhi among the Top 150; the United Nations Educational, Scientific and Cultural
Organisation (UNESCO), United Nations Development
MIT Topped the list
Programme (UNDP) and United Nations Conference
According to the Quacquarelli Symonds (QS) World
on Trade and Development (UNCTAD).
University Rankings 2025, the Indian Institute of
✓ Host: ITU and Swiss Confederation, with
Technology(IIT) Bombay, Mumbai (Maharashtra) and
support of remote participation.
IIT Delhi, New Delhi (Delhi) are the only two Indian
✓ The Indian delegation at WSIS+20 was led by
Institutes featured among the top 150 Universities on
Niraj Verma, Additional Secretary,
the ranking.
Department of Telecommunication, Ministry
✓ IIT-B has retained its position as the best
higher education Institute in India, with global

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 of Communications, Government of India global standard for measuring the health of
(GoI). ecosystems.
✓ India also participated in the “AI for Good” ✓ The study classified the mangrove ecosystems
Global Summit held at the International of: South India, Sri Lanka, the
Conference Center Geneva (CICG), Geneva, Maldives and North West Atlantic as Critically
Switzerland from 30th to 31st May 2024. Endangered.
✓ During the Summit, India officially took over
the baton of hosting the World ILO's World Employment and Social Outlook:
Telecommunication Standardization
Global Unemployment Rate to Drop Slightly
Assembly 2024 (WTSA-24) in New Delhi, Delhi
from 15th to 24th October 2024. to 4.9% in 2024
According to the International Labour Organization's
(ILO), World Employment and Social Outlook: May
Over 50% of the World’s Mangroves is at
2024 Update, the global unemployment is projected
Risk of Collapse, Climate Change Leading at 4.9% in 2024, slightly lower than the 5.0% in 2023,
Factor: IUCN contrary to the prior projection (World Employment
According to the International Union for Conservation and Social Outlook Trends 2024 report) of 5.2%.
of Nature (IUCN)’s Red List of Mangrove Ecosystems, ✓ Globally, only 45.6% of working-age women
over 50% of the world’s mangrove ecosystems are at are employed in 2024, compared to 69.2% of
risk of collapse, with nearly 1 in 5 faces severe risk. As men.
per the study, climate change poses serious threats to ✓ Informal employment has risen from 1.7
33% (1/3rd) of the mangrove ecosystems across the billion in 2005 to 2.0 billion in 2024, slowing
world. progress towards Sustainable Development
✓ This is the first global mangrove assessment Goals (SDGs).
for the IUCN Red List of Ecosystem(RLE), a

BANKING & FINANCE

NSE Indices Launched India’s 1st EV Index Asset Reconstruction Company Limited (EARCL) and
“Nifty EV and New Age Automotive Index” ECL Finance Company Limited (ECL) on material
supervisory concerns.
NSE Indices Limited, a subsidiary of National Stock
Exchange of India Limited (NSE India), launched ✓ RBI observed incorrect valuation of SRs in
India’s 1st Electric Vehicle (EV) Index named “Nifty EV both ECL and EARCL.
and New Age Automotive Index”. The index aims to
track the performance of companies which are part of CSFB Announces Bancassurance Corporate
EV sector or engaged in the development of new-age Agency Partnership with ICICI Lombard
automotive vehicles and associated technology.
General Insurance
Capital Small Finance Bank Limited (CSFB), India’s
RBI Imposed Immediate Restrictions on first Small Finance Bank (SFB) has announced a
Edelweiss Group’s EARCL and ECL Finance Bancassurance Corporate Agency Partnership with
The Reserve Bank of India (RBI) in exercise of its ICICI Lombard General Insurance Company Limited
powers given under the Securitization and (ICICI Lombard).
Reconstruction of Financial Assets and Enforcement of ✓ Bancassurance is an arrangement between a
Security Interest Act, 2002 (SARFAESI Act, 2002) and bank and an insurance company allowing the
the Reserve Bank of India Act, 1934, has imposed insurance company to sell its products to the
restrictions on Edelweiss Group entities- Edelweiss bank's client base.

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Federal Bank Announces Bancassurance to ₹86.11 crore in FY24 as compared to
Partnership With Tata AIA Life Insurance Rs.40.39 crore in FY23
Final Framework for the Indian fintech sector’s self-
Federal Bank Limited, a private sector lender in India,
regulatory body released by RBI
has announced a Bancassurance Partnership with
✓ RBI has released the final framework for
Tata AIA Life Insurance Company Limited. This will
recognising Self-Regulatory Organisations in
enable Federal Bank customers to access Tata AIA Life
insurance companies’ products including term the Financial Technology sector (SRO-FT). A
minimum net worth of Rs.2 crore will be
insurance, savings and wealth creation plans,
required by the applicants within a year of
retirement, and pension solutions etc.
being recognised as an SRO-FT.
✓ The entity should be a not-for-profit
PhonePe Launches Secured Lending Platform company. The shareholding should not
With Banks, NBFC and Fintech Firms exceed 10 percent or more of the paid-up
PhonePe, a leading Fintech firm, has launched share capital of an SRO-FT.
secured lending products on its platform by
partnering with banks, Non-Banking Financial
Company (NBFCs) and other fintech firms.The
customers can access lending solutions on the
PhonePe app in six major categories: mutual fund,
gold, bike, car, home and loans against property, and
education loan.

RBI Annual Report 2023-24: RBI Projects Real

GDP growth at 7% for fiscal year 2024-25
The Reserve Bank of India’s (RBI) Annual Report 2023-
24 has been released and presented to the Central
Government under the Section 53 (2) of the Reserve
Bank of India Act,1934.
✓ RBI in its Annual Report has showed that the
Indian economy is likely to grow at 7 percent
for 2024-25
✓ The RBI Annual report indicated a 17% RBI Moves 100 Tonnes of Gold From UK To
increase in FY24 income to ₹2,75,572.32 its Vaults in India
crore. Expenditure on the other The Reserve Bank of India (RBI) has moved 100
hand, declined by 56.3% to Rs.64,694.33 crore Metric Tonnes (MT) or 1 Lakh kg of gold stored in the
from ₹1,48,037.04 crore in FY2023. United Kingdom (UK) to domestic vaults in FY24,
✓ RBI’s Annual report showed a rise in the net which marks a significant shift in gold storage. More
income of 2.11 lakh crore (17 percent) in the than half of the RBI's gold holdings are kept in safe
financial year 2024 as compared to ₹87,420 custody with the Bank of International Settlements
crore in FY23. (BIS) and the Bank of England (BoE).
✓ Investors have purchased a total of Rs.27,031 ✓ Note: India’s overall gold holdings increased
crore of Sovereign Gold Bonds in 2023-24 27.46 MT in FY24 and it stands at 822.1 MT of
which is four times of the amount purchased which 413.8 tonnes stored overseas as of
in 2022-23. March 2024.
✓ The monetary penalties imposed by the RBI ✓ TheReserve Bank of India (RBI) has imposed a
on regulated entities (REs) has doubled monetary penalty of Rs 88.70 lakh on SBM

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 Bank (India), a subsidiary of the State Bank of process and not submitting data to the SEBI’s
Mauritius (SBM) for non-compliance with inspection team.
certain regulatory norms
Adani One & ICICI Bank Jointly Launched 2
Jio Financial Services Launches 'JioFinance' Variants of Co-branded Credit Cards
app in Beta Mode to Advance Digital Banking Adani One and ICICI Bank jointly launched India’s 1st
Jio Financial Services, the financial services arm of co-branded credit cards with airport-linked benefits in
Reliance Industries Limited (RIL), launched its collaboration with a card network Visa. The cards will
JioFinance app in beta mode, to offer a cutting-edge be available in 2 variants, Adani One ICICI Bank
platform for daily finances and digital banking. This Signature Credit Card and Adani One ICICI Bank
app integrates digital banking, Unified Payments Platinum Credit Card.
Interface (UPI) transactions, bill settlements, and
insurance advisory. RBI Cancels 10-Year Green Bond Auction For
the 1st Time Due to Lack of Greenium
SEBI Launches User-Friendly Beta Settlement The Reserve Bank of India (RBI) cancelled the planned
Calculator auction of 10-year green bonds, as traders refused to
The Securities and Exchange Board of India (SEBI) pay the greenium. The cancellation to the absence of
launched a beta version of the settlement a "greenium," indicates investors' reluctance to accept
calculator to enhance transparency and simplify the lower yields.
process of determining the indicative settlement ✓ The cancellation of the green bond sale for
amount. It guides users to calculate indicative 2024-25 marks the 1st instance of such an
settlement amounts, subject to modifications by SEBI auction since the inception of green bond
committees. sales in January 2023.

AIBEA Launched Exclusive Website 'Bank Axis Bank & Mastercard Collaborates to
Clinic' to Guide Retail Customers Launch NFC Soundbox
All India Bank Employees’ Association (AIBEA), the Axis Bank, one of India’s largest private sector banks,
oldest and largest trade union of bank employees, has partnered with American multinational payment
launched a 'Bank Clinic', an exclusive website, in card services corporation, Mastercard, to launch the
Mumbai, Maharashtra. It is a complaint redressal Near Field Communication (NFC) Soundbox solution,
platform to guide retail customers about their rights an industry-first proposition for the merchant
and remedies. community.

SEBI Launched “Saa₹thi 2.0” Mobile App on Axis Bank & Bajaj Allianz General Insurance
Personal Finance for Investors Entered Bancassurance Partnership
The Securities Exchange Board of India (SEBI) Axis Bank Limited, a private sector bank, and Bajaj
launched “Saa₹thi” (SAARTHI) 2.0” mobile application Allianz General Insurance Company Limited, a private
on personal finance for investors. The app introduced general insurer, have entered a strategic
a user-friendly interface with comprehensive tools bancassurance partnership to boost insurance
which aims to simplify complex financial concepts. penetration and financial inclusion in India.
✓ SEBI has imposed a penalty of Rs 2.5
lakh on Samco Securities Limited, a SEBI-
registered Stock Broker, for alleged
discrepancies found in customer on-boarding

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SEBI Sets Up Ad-hoc Committee To Review SEBI Issued Guidelines to Relax Timelines for
Ownership, Eco Structure Of Clearing FPIs to Make Material Event Disclosures
Corporations The Securities Exchange Board of India (SEBI) issued a
The Securities and Exchange Board of India (SEBI) has Master Circular for Foreign Portfolio Investors(FPIs),
set up an Ad-hoc Committee to review the ownership Designated Depository Participants and Eligible
and economic structure of Clearing Corporations Foreign Investors specifying the timelines for
(CCs) and to suggest measures to ensure that CCs disclosure of material changes/events.
function as resilient, independent, and neutral risk ✓ Type 1 material changes needs to be now
managers.The ad-hoc committee will be chaired by informed within seven days and supported
Usha Thorat, former Deputy Governor (2005 to 2010) documents to be provided within 30 days.
of the Reserve Bank of India (RBI). ✓ Type II changes, need to be informed within
30 days with supporting documents if any.

PNB & IIFCL Signed MoU to Finance

Infrastructure projects NIPL Partners with Central Bank of Peru To
Punjab National Bank (PNB) and India Infrastructure Introduce a UPI-like Payments System in
Finance Company Ltd (IIFCL) signed a Memorandum Peru
of Understanding (MoU) to provide long-term NPCI International Payments Limited (NIPL), the
financial assistance for viable infrastructure projects. international arm of National Payments Corporation
Under this MoU, the parties can mutually participate of India (NPCI), has signed an agreement with the
through a consortium or multiple lending Central Reserve Bank of Peru (BCRP- Banco Central
arrangements, ensuring financial support for de Reserva del Perú) to introduce Unified Payments
prospective borrowers after due diligence. Interface (UPI)-like real-time payments system in
Peru.
Edelweiss Tokio Life Insurance Rebrands to ✓ The collaboration makes Peru the first South
American (SA) nation to adopt UPI
Edelweiss Life Insurance
technology.
Edelweiss Tokio Life Insurance Company Limited has
been rebranded as Edelweiss Life Insurance. It has
refreshed its logo but retained its brand positioning of Universal Sompo Launches ‘Insure Today For
‘zindagi unlimited.’ a Safe Tomorrow’ Campaign To Promote
Awareness
Universal Sompo General Insurance Company
Limited has launched a new theme, ‘Insure today for
a safe tomorrow,’ to raise awareness about the
importance of insurance in safeguarding against
unforeseen risks.

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 ECONOMY & BUSINESS

Morgan Stanley's 2024 Global Economic Bank of India's (RBI) 7%), and 6.5% in 2025, and
Midyear Outlook Forecasts India's Growth at inflation is expected to stay within the 2-6% comfort
zone.
6.8% in 2024 & 6.5% in 2025
Morgan Stanley's report, the 2024 Global Economic
Midyear Outlook, indicates that growth in India is Coal India Incorporates New Arm for Coal-to-
becoming more broad-based across both on the Chemicals Business
consumer and business spending side. The report Coal India Limited (CIL) incorporated Bharat Coal
forecasts 6.8% growth in 2024 (against the Reserve Gasification and Chemicals Ltd (BCGCL), a subsidiary

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to pursue a coal-to-chemicals operation. BCGCL will India (GoI), India received the highest Foreign Direct
produce ammonia and nitric acid as intermediate Investment (FDI) from Singapore in FY24 (2023-24)
products and ammonium nitrate as end product despite FDI equity inflows into the country decreased
✓ CIL holds a majority 51% stake in BCGCL while by about 3.5% in FY24, from USD 46.03 billion
the remaining 49% is owned by Bharat Heavy (FY23)to USD 44.42 billion(FY24) due to global
Electricals Limited (BHEL). economic uncertainties.
✓ Mauritius emerged as the 2nd biggest
Moody's Ratings Projects India's GDP to investor in India, with investment of USD 7.97
billion in FY24, followed by United States of
Grow by 6.8% in 2024 and 6.5% in 2025
America (U.S.A.)(USD 4.99 billion),
Moody’s Ratings' Global Macro Outlook 2024-25
Netherlands (USD 4.93 billion), Japan (USD
(May 2024 update) has projected India's Gross
3.17 billion), the United Arab Emirates (UAE)
Domestic Product (GDP) to grow by 6.8% in 2024
(USD 2.9 billion), Germany (USD 505 million),
followed by 6.5% in 2025, attributing to strong
and Cayman Islands (USD 342 million).
economic expansion and post-election policy
✓ The total FDI saw a negligible decrease of 1%,
continuity.
from USD 71.35 billion (in FY23) to USD 70.95
during FY24.
Adani Ports Signs 30-Year Concession To
Operate CT2 In Tanzania Netherlands Becomes India's Third Largest
Adani International Ports Holdings Private Limited
Export Destination In FY 24 After US, UAE
(AIPH) has signed a 30-year concession agreement
As per the data of the Ministry of Commerce and
with the Tanzania Ports Authority (TPA) to operate
Industry (MOCI), the Netherlands emerged as the
and manage Container Terminal 2 (CT2) at Dar es
third largest export destination in FY24 after the
Salaam Port, Tanzania.
United States of America (USA) and United Arab
Emirates (UAE). India’s exports to the Netherlands
NSO Released Provisional Estimates of increased by 3.5% to USD 22.36 billion in FY24 as
Annual GDP for FY24 & Quarterly Estimates compared to USD 21.61 billion in FY23.
of GDP for Q4 of FY24
National Statistical Office (NSO), Ministry of Statistics DBS Retained India’s GDP Projection at 7%
and Programme Implementation (MoSPI) released the for FY25 (2024-25)
Provisional Estimates (PE) of Annual Gross Domestic Singapore-based DBS Bank Ltd (formerly known as
Product (GDP) for the FY24 (2023-24) and Quarterly Development Bank of Singapore Limited) retained its
estimates of GDP for Q4 (January-March) of FY24, projection for India’s Gross Domestic Product (GDP) at
both at Constant (2011-12) and Current Prices. 7% for FY25 (2024-25). It also projected India’s GDP
✓ Real GDP is expected to grow at 8.2% in FY24 growth to remain at 7% for Q1 (April to June 2024) of
as compared to the growth rate of 7.0% in FY25.
FY23(2022-23).
✓ India’s GDP growth rate in Q4FY24 grew by
Goldman Sachs Raised India's GDP Growth
7.8% and Gross Value Added (GVA) is
estimated to grow at 6.3%. Forecast to 6.9% for CY24
Foreign Brokerage Goldman Sachs Group, Inc., has
raised India's Gross Domestic Product (GDP) growth
India Received Maximum FDI from Singapore
forecast for the Calendar Year (CY) 2024, by 20 basis
Followed By Mauritius in FY24: GoI data points (bps) to 6.9% from the earlier projection of
According to the latest data released by Department 6.7%. Goldman Sachs has projected India’s GDP
for Promotion of Industry and Internal Trade (DPIIT), growth at 6.8% for the current fiscal (FY2024-25).
Ministry of Commerce and Industry, Government of

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TotalEnergies Inked LNG Deals with IOC signed agreements with Indian Public Sector
Limited and Korea South-East Power for Enterprise (PSE), Indian Oil Corporation Limited
(IOCL)and Korea South-East Power Co Ltd for the
Supply of LNG
supply of Liquefied Natural Gas (LNG) over a medium
On 4th June 2024, French energy major TotalEnergies
to long term period.

AWARDS & RECOGNITIONS

Reliance, Tata Group & Serum Institute richest globally, with a net worth of USD 111 billion.
Featured on TIME100 Most Influential With this, he has reclaimed the title of Asia's richest
person after a surge in the stock prices of his
Companies 2024
conglomerate's companies.
Three Indian Companies namely Reliance Industries
✓ This surge enabled him to overtake
Limited (RIL), Tata Group and Serum Institute of India
Mukesh Ambani, Chairman and Managing
(SII) are featured on the “TIME100 Most Influential
Director (CMD) of Reliance Industries Limited
Companies 2024” published by TIME, the New York
(RIL), who ranked 12th with a net worth of
based American Magazine.
USD 109 billion.
✓ This is the 4th edition of TIME’s annual list
featuring world’s most Most Influential
Companies. C-DOT Won UN’s WSIS 2024 ‘Champion’
✓ RIL and Tata Group are been featured under Award at Geneva, Switzerland
the “Titans” category and SII is featured The Centre for Development of Telematics (C-DOT)
under the “Pioneer” category. has won the United Nations World Summit on the
Information Society (UN’s WSIS) 2024 ‘Champion’
Bloomberg Billionaires Index: Gautam Adani Award at the WSIS+20 Forum in Geneva, Switzerland.
The award was given for the project ‘Mobile-Enabled
Ranked 11th Richest Globally & Became
Disaster Resilience through Cell Broadcast
Asia's Richest Person Emergency Alerting’ which was recognised under
According to the Bloomberg Billionaires Index (as of Artificial Intelligence (AI), Category - 7 (C-7), E-
1st June 2024), Gautam Adani, the Founder and environment, in the category of ‘Benefits in all aspects
Chairman of the Adani Group is now ranked the 11th of life – E-environment’.

APPOINTMENTS & RESIGNATIONS

India First Time Takes Over the Pakistan, the Philippines, Sri Lanka, Thailand,
Chairmanship of the Colombo Process For Vietnam and Cambodia.

2024-2026
India has taken over the chairmanship of the Colombo IRDAI Approves Appointment of Sandeep
Process for the term (2024 - 2026). It is the first time Batra as ICICI Prudential Board Chairman;
that India has assumed the chairmanship of the Incumbent M. S. Ramachandran Set to Retire
Colombo Process since its inception in 2003. The The Insurance Regulatory and
Colombo Process has 12 member states of Asia and 8 Development Authority of India
observer states. (IRDAI) has approved the
✓ The 12 Member States are: Afghanistan, appointment of Sandeep Batra,
Bangladesh, China, India, Indonesia, Nepal, as Chairman of the Board of

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Directors of ICICI Prudential Life Insurance Company Claudia Sheinbaum Pardo Elected as 1st
Limited (ICICI Prudential Life), effective from 30 June Female President of Mexico
2024.
Claudia Sheinbaum Pardo of the
✓ He will replace the incumbent M S
Morena party, has been elected as
Ramachandran, who is set to retire as
the first Female President of the
Chairman of the Board on 30 June 2024
United Mexican States (Mexico).
She will succeed her political
India’s 1st UN Woman Permanent mentor, Andrés Manuel
Representative Ruchira Kamboj Retires López Obrador, who has been serving as the President
Ambassador Ruchira Kamboj, of Mexico since 2018.
India's first Woman Permanent ✓ She will officially sworn-in as the 66th
Representative(PR) to the United President of Mexico for a 6-year term on 1st
Nations (UN), retired after over October 2024.
35 years of distinguished service. ✓ In 2006, She joined the United Nations(UN)’s
She served as India’s PR to the Intergovernmental Panel on Climate Change
UN in New York, the United (IPCC), which later won the Nobel Prize for
States of America(USA) from August 2022 to June Peace in 2007.
2024.
✓ She has also served as the Ambassador to the SC Reconstitutes Gender Sensitisation and
United Nations Educational, Scientific and Internal Complaints Committee, Appoints
Cultural Organization (UNESCO) from 2014 to
Justice Hima Kohli as Chairperson
2017.
The Supreme Court of India (SC)
re-constituted Gender
Businesswoman Halla Tomasdottir Elected Sensitisation and Internal
as New President of Iceland Complaints Committee
Icelandic businessperson, Halla (GSICC). Justice Hima Kohli has
Tómasdóttir, an Independent been appointed as Chairperson to
Candidate, has became the 7th head the committee.
President of Iceland by winning ✓ The appointments have been made by the
the 2024 presidential election Chief Justice of India (CJI) Dr. DY Chandrachud
with 34.3% of the votes. Halla in exercise of powers conferred by Clause 4(2)
Tomasdottir take over as of the Gender Sensitisation & Sexual
President of Iceland on 1st August 2024. Harassment of Women at the SC of India
✓ She will succeeds Guðni Thorlacius (Prevention, Prohibition & Redressal)
Jóhannesson, who has been serving as the 6th Regulations, 2013.
President of Iceland since 2016.
Sheikh Sabah Khaled Al-Hamad Al-Mubarak
Al-Sabah Sworn in As Crown Prince of
Kuwait
Sheikh Sabah Khaled Al-Hamad Al-Mubarak Al-Sabah
was officially sworn in as the Crown Prince of Kuwait
before the Emir Sheikh Meshal Al-Ahmad Al-Jaber Al-
Sabah(head of state of Kuwait). He has served as
Kuwait's Prime Minister (PM) from 2019 to 2022 and
Kuwait's Foreign Minister from 2011 until 2019.

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 ACQUISITIONS & MERGERS

Shinhan Bank Receives CCI Approval To

Acquire 11% Stake in HDFC Credila CCI Approved Acquisition in IRB
Competition Commission of India (CCI) approved the Infrastructure Trust & MMK Toll Road Pvt
acquisition of up to approximately 11% shareholding Ltd by Cintra
by South Korea Based Shinhan Bank Co., Ltd. in HDFC
Competition Commission of India (CCI) approved the
Credila Financial Services Limited (HDFC Credila) by
proposed combination involving the acquisition of IRB
way of subscription to shares of HDFC Credila.
Infrastructure Trust (Private InvIT- Infrastructure
✓ HDFC Credila Financial Services Limited is the
Investment Trust) and MMK Toll Road Private Limited
Reserve Bank of India (RBI) registered non-
by Cintra.
deposit taking Non-Banking Financial
CCI has approved the proposed combination involving
Company (NBFC) which provides education
the acquisition by IRB Infrastructure Trust (IRB) in
loans in India and overseas.
Meerut Budaun Expressway Limited (MBEL).
✓ The CCI has also granted approval for Matrix
Pharma Private Limited to acquire 100%
stake in Tianish Laboratories Private Limited. RBI Approves Zurich Insurance's 70%
Acquisition of Kotak General For Rs 5,560
crore
The Reserve Bank of India (RBI) has approved Zurich
Insurance Company Limited’s proposed acquisition of
a 70% stake in Kotak Mahindra General Insurance
Company Limited (KGI) (Target) for a total
consideration of approximately Rs 5,560 crore.

PNB Approved Diluting 10% Stake in Canara

HSBC Life Insurance Company
LIC Raises its Stake in PI Industries On 4th June 2024, The Board of Directors of Punjab
Life Insurance Corporation of India (LIC) of India has National Bank (PNB) approved the initiation of process
increased its stake in an agrochemical firm PI of diluting 10% shareholding its associate company
Industries Limited from 4.95% (75,19,910) to Canara HSBC Life Insurance Company Limited by
5.00% (75,91,910)equity shares of the paid capital. listing the company in stock exchanges through an
Initial Public Offering (IPO).

SCIENCE & TECHNOLOGY

China Launched Pakistan’s Multi-Mission ✓ PakSAT-MM1, a part of Pakistan’s National

Communication Satellite - PakSAT-MM1 Space Programme 2047, aims to enhance
internet services across Pakistan. PakSAT-
China successfully launched Pakistan’s multi-mission
MM1 was developed by China Academy of
communication satellite, named PakSAT-MM1, from
the Xichang Satellite Launch Center in China's Space Technology (CAST), a subsidiary of
China Aerospace Science and Technology
southwestern province of Sichuan using a Long
Corporation (CASC).
March-3B (LM-3B) carrier rocket.

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China's Chang'e-6 Lunar Probe Soft Landed ESA Launched EarthCARE to Study the Role
on Moon's Far Side & Takes Off With 1st of Clouds & Aerosols in Earth’s Climate
Samples From Lunar Far Side The European Space Agency (ESA) launched
China National Space Administration's (CNSA) EarthCARE (Earth Cloud Aerosol and Radiation
Chang'e-6 lunar probe made a soft landing on the Explorer) satellite onboard SpaceX’s Falcon 9 rocket
moon's far side to collect and return samples from from the Vandenberg Space Force Base in California,
the rarely explored far side of the moon, a first of its the United States of America (USA).
kind in human lunar exploration history. ✓ EarthCARE, a joint venture between ESA and
✓ Chang'e-6 with the support of the Queqiao-2 the Japan Aerospace Exploration Agency
relay satellite landed in the South Pole-Aitken (JAXA), will study how clouds and aerosols
(SPA) Basin, specifically the Apollo Basin affect Earth's climate.
crater.
✓ China is the only country to achieve a soft Boeing Starliner Launches NASA Astronauts
landing on the far side of the moon and into Space for 1st time with Indian-origin
Chang’e 6 is a robotic, not crewed, mission.
Astronaut Sunita Williams
Boeing’s Starliner spacecraft lifted off to space on its
‘PraVaHa’: ISRO Develops CFD Software For maiden voyage to the International Space Station (ISS)
Aerodynamic Design and Analysis with 2 National Aeronautics and Space Administration
The Indian Space Research Organisation (ISRO) has (NASA) astronauts Butch Wilmore and Sunita
developed the Computational Fluid Dynamics (CFD) Williams. The astronauts are in orbit on the 1st
software named Parallel RANS Solver for Aerospace crewed flight test for the ISS.
Vehicle Aero-thermo-dynamic Analysis (PraVaHa). ✓ The astronauts lifted off on a United Launch
This software was developed at ISRO’s Vikram Alliance (ULA) Atlas V rocket from Space
Sarabhai Space Centre (VSSC), Trivandrum, Kerala. Launch Complex-41 at Cape Canaveral Space
✓ PraVaHa code is operational to simulate Force Station in Florida, the United States of
airflow for Perfect Gas & Real Gas conditions America (USA).
and the validations of the code are underway ✓ Indian Origin American Sunita Williams is the
for simulating the effect of chemical reactions 1st female astronaut to fly on the 1st flight of
that occur during air dissociation upon ‘earth a crewed mission of Boeing Starliner.
re-entry’ and ‘combustion’ as in scramjet ✓ The launch is part of NASA's Boeing Crew
vehicles. Flight Test, to validate and certify the crew
system for operational crewed rotation
missions to the ISS.

ENVIRONMENT

Paraparatrechina neela: New Blue Ant which signifies the colour blue in most Indian
Species Discovered From Siang Valley in languages, was derived from its unique blue
colouration. It is easily distinguishable from all known
Arunachal Pradesh
species of Paraparatrechina by its metallic-blue body.
Researchers have discovered a new ant species
✓ This discovery marks the 1st new species of
named Paraparatrechina neela in Arunachal
Paraparatrechina in 121 years.
Pradesh’s remote Siang Valley. The name neela,

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 SPORTS

Boxing Federation of India quits IBA and Cheng Kai and Noah Hasse and
Men’s
Joins World Boxing Wei Cheng Su Dyon van Wijlick
Doubles
(Chinese Taipei) (Netherlands)
The Boxing Federation of India (BFI) has parted ways
with the suspended International Boxing Association Yasemen Bektas Yi En Hsieh and Ruo
Women’s
(IBA) and became a member of World Boxing with the and Zehra Erdem Hsuan Ko (Chinese
Doubles
aim to reduce the threat to boxing’s Olympic future. (Türkiye) Taipei)
✓ The decision was taken after the International Alden Lefilson
Olympic Committee (IOC) warned the national Putra Mainaky
federation to leave boxing out of the 2028 Los and Fitriani Emren Sonmez and
Angeles Olympics if they continued to be a Mixed Fitriani Yasemen Bektas
part of the International Boxing Association Doubles (Indonesia) (Türkiye)
(IBA).
✓ The IOC had de-recognised the IBA in Taiwan Athletics Open 2024: India won 7
2019 due to continuous financial, sports Medals Including 3 Gold
integrity, and governance issues. Indian contingents won 7 medals including 3 Gold, 3
Silver and 1 bronze at the Taiwan Athletics Open
Dinesh Karthik officially announces 2024 held in Taipei Municipal Stadium, Taipei City,
retirement from all forms of cricket Taiwan from 1st to 2nd June 2024.
India wicketkeeper-batter Dinesh Karthik officially ✓ Indian athlete Nayana James won the gold
announced his retirement from all forms of cricket on medal in the women’s long jump event with a
June 1,2024 after playing for India for 20 years. 6.43m jump.
✓ The Tamil Nadu cricketer has represented ✓ Indian track and field athlete Devarakeshavi
India in 180 games across three formats in Prakasha (DP) Manu won the gold medal in
which he scored 3463 runs with a lone Test the men’s javelin throw event by recording a
hundred and 17 half-centuries. He also has distance of 81.58 meters.
172 dismissals in his name along with a total Indian Winners at Taiwan Athletics Open 2024:
of 151 catches and 21 stumpings. Category Indian Player Medal
Women’s Long Jump Nayana James Gold
Devarakeshavi
Badminton: India’s Tanvi Sharma won Men’s Javelin Throw Gold
Prakasha Manu
Women’s’ Singles Title at Yonex Bonn Men’s 800 meters Ankesh Choudhary Gold
International 2024 Men’s 800 meters Somnath Chouhan Silver
Indian shuttler Tanvi Sharma (15 years old) won the Men’s Pole Vault Dev Kumar Meena Silver
Women’s Singles title at the Yonex Bonn Women’s 100
International 2024 by defeating Wang Pei Yu of Nithya Ramraj Silver
meters hurdles
Chinese Taipei. Cheng Kai of Chinese Taipei won the Women’s 400 Velluva Koroth
Men’s Singles title by defeating Gustav Bjorkler Bronze
meters Vismaya
(Sweden).
Result of Yonex Bonn International 2024:
Kedar Jadhav Announces Retirement From
Category Winner Runner-Up
Men’s Cheng Kai Gustav Bjorkler All Forms Of Cricket
Singles (Chinese Taipei) (Sweden) On June 3 2024, Kedar Jadhav, Indian cricketer has
Women’s Tanvi Sharma Wang Pei Yu announced his retirement from all forms of cricket at
Singles (India) (Chinese Taipei) the age of 39. In total, the Maharashtra player has

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played 73 one-day matches, scoring 1,389 runs at an
average of 42.09 with two centuries and six fifties.

OBITUARY

Padma Shri Awardee & Renowned 88 in Keonjhar, Odisha. He was born in 1937 at
Puppeteer Maguni Kuanr Passed Away Keonjhar, Odisha.
✓ Maguni Kuanr received the prestigious
Padma Shri Awardee Maguni Charan Kuanr, a
‘Padma Shri’ award (field of art) in 2023 by
renowned Puppeteer has passed away at the age of
Droupadi Murmu, President of India.

BOOKS & AUTHORS

-------------

IMPORTANT DAYS

World No-Tobacco Day 2024 - May 31 inalienable rights and resources of the peoples of the
World No-Tobacco Day (WNTD) is annually observed Non-Self-Governing Territories, including land.
across the globe on 31st May to draw attention to the ✓ The first-ever International Week of Solidarity
global tobacco epidemic, and the preventable death with the Peoples of Non-Self-Governing
and disease caused by tobacco. The observance of Territories was observed from 25th to 31st
WNTD is led by the World Health Organisation (WHO). May 2000.
✓ The theme of WNTD 2024 is “Protecting
children from tobacco industry interference”. World Multiple Sclerosis Day 2024 - May 30
2024 World No Tobacco Day Awards: World Multiple Sclerosis (World MS) Day, an
✓ Odisha State Tobacco Control Cell, Republic international awareness day is annually observed
of India is among the winners under the WHO across the globe on 30 May to raise awareness about
South-East Asia Region (SEAR) for its Multiple Sclerosis, a long-lasting (chronic)
exceptional contributions to tobacco control. autoimmune disease of the central nervous system
Click here for the Complete list of recipients of (brain and spinal cord), and campaign with everyone
the 2024 WNTD Awards affected by MS.
✓ Indian badminton player PV Sindhu was ✓ The theme for World MS Day 2024-2025 is
designated as the brand ambassador for "Diagnosis" under the campaign name "My
Tobacco Control to motivate young children MS Diagnosis" and the tagline is "Navigating
and youth to steer clear of tobacco in all MS Together".
forms ✓ The 1st World MS Day was observed in 2009.

International Week of Solidarity with the World Milk Day 2024 - June 01
Peoples of Non-Self-Governing Territories World Milk Day (WMD) is annually observed across
2024 - 25 to 31 May the globe on 1 June to highlight milk's significance as a
The United Nations (UN) International Week of global food, bring attention to activities connected
Solidarity with the Peoples of Non-Self-Governing with the dairy sector, and actively encourage milk and
Territories is annually observed across the globe from dairy consumption as part of a daily diet.
25th to 31st May to protect and guarantee the

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 ✓ The annual observance of WMD is led by the the pain suffered by children worldwide who are
Food and Agriculture Organisation (FAO) of victims of physical, mental, and emotional abuse.
the United Nations (UN). ✓ The first-ever International Day of Innocent
✓ The first-ever WMD was observed on 1 June Children Victims of Aggression was observed
2001. on 4 June 1983.

Global Day of Parents 2024 - June 1 World Environment Day 2024 - June 5
The United Nations (UN)’s Global Day of Parents is The United Nations (UN) World Environment Day
annually observed across the globe on 1st June, to (WED) is annually observed across the globe on 5 June
honour and appreciate all parents throughout the to emphasise the critical importance of environmental
world for their selfless commitment to children and protection and health.
acknowledge their lifelong sacrifice in nurturing their ✓ The 2024 theme of the WED campaign is,
relationship. "Land Restoration, Desertification and
✓ The theme of Global Day of Parents 2024 is Drought Resilience" under the slogan “Our
“The Promise of Playful Parenting”. land. Our future. We are
✓ The first-ever Global Day of Parents was #GenerationRestoration.”
observed on 1st June 2013. ✓ The first-ever World Environment Day was
observed on 5 June 1973.
International Sex Workers' Day 2024 - June 2
International Sex Workers’ Day, also known as International Day for the Fight Against
International Whores’ Day is annually observed Illegal, Unreported and Unregulated Fishing
across the globe on 2 June to recognise and honour 2024 - June 5
sex workers globally and raise awareness about the
The United Nations (UN)’s International Day for the
issues sex workers face and about their exploited
Fight Against Illegal, Unreported, and Unregulated
working conditions.
(IUU) Fishing is annually observed across the globe on
✓ Each year, International Sex Workers' Day is
5th June to address the issue of IUU fishing activities,
commemorated by the Global Network of Sex
one of the greatest threats to marine ecosystems.
Work Projects (NSWP), focusing on the ✓ 5th June 2024 marks the observance of the
theme, "Access to Justice."
7th International Day for the Fight Against
IUU Fishing.
World Bicycle Day 2024 - June 3 ✓ The first-ever UN recognised International
The United Nations (UN) World Bicycle Day is Day for the Fight Against IUU Fishing was
annually observed across the globe on 3 June to raise observed on 5th June 2018.
awareness of the Bicycle, a clean and environmentally
fit sustainable transport system that promotes UN Russian Language Day 2024 - June 6
economic growth and reduces inequalities.
The United Nations (UN)’s Russian Language Day is
✓ The first-ever UN-designated World Bicycle
annually observed across the globe on 6th June to
Day was observed on 3 June 2018.
highlight the significance of the Russian language as a
symbol of national identity and cultural heritage and
International Day of Innocent Children honour the richness and beauty of the Russian
Victims of Aggression 2024 - June 4 language.
The United Nations (UN) International Day of ✓ The day marks the birth anniversary of the
Innocent Children Victims of Aggression is annually great Russian poet, novelist, and playwright
observed across the globe on 4 June to acknowledge Alexander Sergeevich Pushkin (1799 to 1837),
the father of modern Russian literature.

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 ✓ 6th June 2024 marks the 225th birth challenges and protecting public health, food safety,
anniversary of Alexander Sergeevich Pushkin. and ensuring a safe, pest-free environment.
✓ The 2024 theme of World Pest Day is, "Global
World Pest Day 2024 - June 6 Solutions, Local Impact: Mapping Success in
Pest Management."
World Pest Day is annually observed across the globe
✓ The 1st World Pest Day was observed on 6
on 6 June to raise awareness about the critical role of
pest management in addressing pest-related June 2017.

STATE NEWS
------

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