Daily CA

1June 2024
QUESTION OF THE DAY

Where is the water source of River Sunkosi located?

सुनकोसी नदी का जल स्रोत कहाां स्थित है ?

a) Bagmati province of Nepal

b) Zhangzangbo Glacier in Tibet

c) Katihar district of Bihar, India

d) Bay of Bengal, Bangladesh

 1 June – World Milk Day
▪ In 2001, World Milk Day was established by the FAO (Food and
Agriculture Organisation) of the United Nations to recognize the
importance of milk as a global food, and to celebrate the dairy
sector.
 1 June - Global Day of Parents
▪ Designated by the General Assembly in 2012

▪ 2024 Theme: The Promise of Playful Parenting

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 Mangroves in South India, Sri Lanka Labeled ‘Critically
Endangered/दस्िण भारत और श्रीलांका में मैंग्रोव को 'गांभीर रूप से सांकटग्रथत' घोषित ककया गया

▪ The International Union for Conservation of Nature (IUCN) has

issued a new report cautioning that half of the world's
mangrove ecosystems are at risk of collapsing.
▪ This marks the first comprehensive global assessment of
mangroves by IUCN.
▪ The report, titled "Red List of Mangrove Ecosystems,"
unveiled these findings on International Day for Biodiversity
(22 May).
▪ Mangrove ecosystem in South India, shared with Sri Lanka
and Maldives, is categorised as "critically endangered".
▪ In contrast, mangrove ecosystems in the Bay of Bengal region
(shared with Bangladesh) and the western coast (shared with
Pakistan) are classified as "least concerned".

▪ India has about 3% of the total mangrove cover in South Asia.

▪ India's mangrove cover has increased by 54 sq km (1.10%)
compared to the previous assessment.
▪ The current mangrove cover in India is 4,975 sq km, which is 0.15%
of the country's total geographical area.

▪ West Bengal (42.45%) has the largest share of India's mangrove

cover, followed by Gujarat at 23.66% and Andaman & Nicobar
Islands at 12.39%.
▪ The South 24 Parganas district of West Bengal alone accounts for
41.85% of India's mangrove cover. This region includes the
Sundarbans National Park, one of the largest mangrove forests in
the world.
▪ Gujarat has shown the maximum increase of 37 sq km in mangrove
cover.
▪ Coasts along the Northwest Atlantic, North Indian Ocean, Red Sea,
South China Sea, and Gulf of Aden are predicted to be significantly
impacted.
▪ Without increased conservation, about 7,065 sq km (5%) more
mangroves could be lost, and 23,672 sq km (16%) will be
submerged by 2050.
64 Great Indian Bustard counted in National Desert Park,
Jaisalmer/राष्ट्रीय मरुथिल पाकक, जैसलमेर में 64 ग्रेट इां कियन बथटिक गगने गए

▪ For the first time, 64 Great Indian Bustards, also known

as ‘Godawan,’ were spotted in Jaisalmer district during
the annual waterhole survey, a method used for wildlife
census.

▪ In 2022, a count using the waterhole method recorded 42

Great Indian Bustards.
 Great Indian Bustard
▪ Scientific Name: Ardeotis nigriceps
▪ Habitat: It inhabits dry grasslands and scrublands.
▪ The state bird of Rajasthan

Conservation Status:
▪ IUCN Red List: Critically Endangered
▪ Wildlife (Protection)Act, 1972: Schedule 1
▪ CITES: Appendix 1
 BFI Agrees to Become a Member of World
Boxing/बीएफआई षवश्व मुक्केबाजी का सदथय बनने पर सहमत
▪ The Boxing Federation of India (BFI) has agreed to join the World
Boxing, the newly-formed governing body.

▪ World Boxing was launched in April 2023.

▪ It was formed after the International Olympic Committee (IOC)

refused to recognize the International Boxing Association (IBA).

▪ IOC had said once again reiterated that National Federations affiliated
with the IBA would not be allowed to feature at the Olympic Games
LA28.
▪ Boxing at the 2024 Paris Olympics is set to be overseen by the IOC.

▪ It will be the second successive time, after the Tokyo Olympics, that
the IBA will have no involvement in bouts at the mega-event.

▪ The BFI president - Ajay Singh,

▪ World Boxing president - Boris van der Vorst,
 Pakistan launches multi-mission communication satellite
from China/पाककथतान ने चीन के बहु-गमशन सांचार उपग्रह का प्रिेपण ककया

▪ Pakistan launched a multi-mission communication satellite PAKSAT

MM1 for faster internet connectivity with the help of its all-weather
ally China, making it Islamabad’s second satellite to be sent into
orbit within a month.

▪ PAKSAT MM1 was launched from the Xichang Satellite Launch

Center in China’s southwestern province of Sichuan

▪ The satellite entered its planned orbit.

▪ Pakistan’s Space and Upper Atmosphere Research
Commission (SUPARCO) , the satellite’s launch was a part of
the National Space Programme 2047.

▪ On May 3, Pakistan’s mini satellite ‘iCube-Qamar’ was

launched as part of China’s Chang’e-6 lunar mission, and
which sent images of the moon captured in the lunar orbit
 Shah Rukh Khan Appointed as New Brand
Ambassador of Muthoot Pappachan Group/
शाहरुख खान मुिूट पप्पाचन ग्रुप के नए ब्ाांि एांबेसिर गनयुक्त

▪ Muthoot Pappachan Group (MPG), popularly known as

Muthoot Blue, has roped in Shah Rukh Khan as its brand
ambassador.

▪ Muthoot Pappachan Group is the promoter of leading

NBFCs including Muthoot FinCorp Limited (flagship
Company of the Group), Muthoot Microfin Limited,
Muthoot Capital Services Limited and Muthoot Housing
Finance Company Limited.
 P Santhosh Takes the Helm as MD & CEO of
NARCL/ पी सांतोि ने एनएआरसीएल के एमिी और सीईओ का पदभार सांभाला

▪ The board of National Asset Reconstruction Company (NARCL)

has recommended P Santhosh for the post of managing director
and chief executive officer of the state-owned bad bank.

▪ Santhosh has been interim CEO of NARCL since January, soon

after N Sundar abruptly resigned as the CEO ahead of his term.
 Malaysia’s Newly Appointed High Commissioner To
India Muzaffar Shah Mustafa/भारत में मलेगशया के नवगनयुक्त
उच्चायुक्त मुजफ्फर शाह मुथतफा

▪ Malaysia’s newly appointed High Commissioner to India Dato

Muzaffar Shah Mustafa
 RBI fines HSBC Bank for violation of FEMA
regulation/आरबीआई ने फेमा षवगनयमन के उल्लांघन के गलए
एचएसबीसी बैंक पर जुमाकना लगाया

▪ Reserve Bank of India (RBI) has imposed Rs 36.38 lakh

monetary penalty on The HSBC Ltd for rule violations.

▪ The monetary penalty was imposed for violation on

reporting requirements under Liberalised Remittance
Scheme of FEMA 1999.
 Foreign Exchange Management Act (FEMA)

• FEMA came in 1999 as a successor to the Foreign Exchange

Regulation Act, or FERA, of 1973, with changing economic conditions
in a post-liberalisation India and came into effect on June 1, 2000.
• The main objective of FEMA is to facilitate external trade and
payments and promote the orderly development and
maintenance of the foreign exchange market in India.
• FEMA deals with provisions relating to procedures, formalities,
dealings, etc. of foreign exchange transactions in India.
• The act also empowers the RBI to make rules and regulations to
carry out the provisions of the act.
• FEMA's head office is known as the Enforcement Directorate and
is situated in Delhi.
 World Unemployment to Fall Slightly in 2024: UN/
2024 में षवश्व बेरोज़गारी में मामूली गगरावट आएगी: सांयुक्त राष्ट्र

▪ Global unemployment is set to fall slightly this year, a United

Nations agency, reversing its previous prediction of a rise while
warning of "slow progress" on tackling inequalities.

▪ The International Labour Organization (ILO) expects a global

unemployment rate of 4.9% in 2024, after originally forecasting
unemployment would rise to 5.2% this year from 5% in 2023.

▪ It forecasts that the rate will stay at 4.9% in 2025.

▪ However, the ILO cautioned that "inequalities in labour
markets persist, with women in low-income countries
particularly affected."

▪ The report found that 183 million people meet the

definition of unemployed, meaning they are actively
looking for work and are immediately available. But the
number of people without a job who wanted to work
stood at 402 million.

▪ Women were more likely to be unwillingly out of work

and disproportionately affected by a lack of opportunities.
▪ Women in low-income countries were especially hard-hit,
with 22.8% who wanted a job are not in work, compared
with 15.3% for men.

▪ For high-income countries, the rate stood at 9.7% for

women and 7.3% for men.

▪ Worldwide, the report estimated that 45.6% of women of

working age were employed in 2024. For men, the figure
was 69.2%.
 New volcanic eruption near Iceland’s town of
Grindavik/आइसलैंि के गग्रांिाषवक शहर के पास नया ज्वालामुखी षवथफोट

▪ Near Grindavik on Iceland's Reykjanes Peninsula, a volcano

erupted, marking the fifth eruption since December.

▪ The eruption was preceded by significant seismic activity, with about

400 earthquakes recorded in the previous week, and substantial
magma accumulation detected under the Svartsengi area.
Donald Trump becomes first former U.S. President
convicted of felony crimes/िोनाल्ि ट्रम्प पहले पूवक अमेररकी राष्ट्रपगत बने
स्जन्हें गांभीर अपराधों के गलए दोिी ठहराया गया

Donald Trump became the first former American President to be

convicted of felony crimes as a New York jury found him guilty of
all 34 charges in a scheme to illegally influence the 2016 election
REVISION QUESTIONS
Consider the following statements regarding Red List of Mangrove
Ecosystems report.

1. India has about 3% of the total mangrove cover in South Asia.

2. West Bengal has the largest share of India's mangrove cover,

followed by Andaman & Nicobar Islands.

Which of the above given statement/s is/are correct?

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

Ans: a
What is the revised global unemployment rate forecasted by
the International Labour Organization (ILO) for 2024?

a) 4.9%

b) 5.2%

c) 5.0%

d) 4.8%

Ans: a
Consider the following statements.

1. 64 Great Indian Bustards, also known as ‘Godawan' were observed

during the annual wildlife survey conducted in Jaisalmer district,
Rajasthan
2. It is listed in Schedule I of the Convention on Migratory Species
(CMS) and protected under the Indian Wildlife (Protection) Act,
1972.

Which of the above given statement/s is/are correct?

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

Ans: a
For violation of which of the following acts did the RBI impose a
monetary penalty on HSBC Bank?
गनम्नगलस्खत में से ककस अगधगनयम के उल्लांघन के गलए आरबीआई ने
एचएसबीसी बैंक पर मौकिक जुमाकना लगाया?

A. Banking Regulation Act

B. Companies Act

C. Foreign Exchange Management Act (FEMA) 1999

D. Securities Contracts (Regulation) Act

Ans: c
 QUESTION OF THE DAY
Which organization released the report titled "Red List of
Mangrove Ecosystems"?

a) International Union for Conservation of Nature (IUCN)

b) World Wildlife Fund (WWF)

c) Greenpeace

d) United Nations Environment Programme (UNEP)