Haryana won Khelo India Youth Games 2021 title

14 June 2022
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Haryana won Khelo India Youth Games 2021 title

Hosts Haryana won the Khelo India Youth Games (KIYG) 2021 title with 52 gold medals on the final day. Haryana also won 39 silver and 46 bronze medals, taking their overall medal tally to 137 medals – the highest cumulative haul by any state. The late surge helped Haryana leapfrog the 2020 champions Maharashtra on the KIYG medals table.

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Key points:

• Maharashtra, meanwhile, managed 45 gold, 40 silver and 40 bronze medals to come second with 125 medals.
• Karnataka, with 22 gold, 17 silver and 28 bronze, finished third with 67 medals.

About the Khelo India Youth Games 2021:

• The Khelo India Youth Games 2021 started on June 4 across multiple venues with Haryana’s Panchkula hosting the bulk of the events. The Games, which are a part of the Indian government’s Khelo India initiative, concluded on June 13.
• This was Haryana’s second KIYG title. Haryana won the inaugural title in 2018 but finished second to Maharashtra in the next two seasons.
• This was the fourth edition of the Khelo India Youth Games. Some 4,700 athletes, including 2,262 women, from all of India’s 36 states and Union Territories participated at KIYG 2021.
• Hosts Haryana fielded the biggest contingent with 398 athletes, followed by Maharashtra with 357. A total of 33 states won at least one medal at KIYG 2021 while 28 won at least one gold.

NCPCR’s Elimination of Child Labour Week: 12-20 June 2022

14 June 2022
-------------------------------
NCPCR’s Elimination of Child Labour Week: 12-20 June 2022

National Commission for Protection of Child Rights (NCPCR) is celebrating Elimination of Child Labour Week in the honour of World Day Against Child Labour. It is being celebrated in 75 places as part of the “75th anniversary celebrations of India’s independence – “Azadi ka Amrit Mahotsav” in different districts starting from 12th June to 20th June, 2022 as a significance to pay attention to the problem of child labour and to find ways to eradicate it.

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National Commission for Protection of Child Rights (NCPCR) has been constituted by the Government of India, as a statutory body under section 3 of the Commissions for Protection of Child Rights (CPCR) Act, 2005 for dealing with the protection of child rights and related matters.

About the National Commission for Protection of Child Rights:

• The National Commission for Protection of Child Rights (NCPCR) emphasises the principle of universality and inviolability of child rights and recognises the tone of urgency in all the child related policies of the country.
• For the Commission, protection of all children in the 0 to 18 years age group is of equal importance. Thus, policies define priority actions for the most vulnerable children.
• This includes focus on regions that are backward or on communities or children under certain circumstances, and so on. The NCPCR believes that while in addressing only some children, there could be a fallacy of exclusion of many vulnerable children who may not fall under the defined or targeted categories.
• In its translation into practice, the task of reaching out to all children gets compromised and a societal tolerance of violation of child rights continues. This would in fact have an impact on the program for the targeted population as well.
• Therefore, it considers that it is only in building a larger atmosphere in favour of protection of children’s rights, that children who are targeted become visible and gain confidence to access their entitlements.

Important takeaways for all competitive exams: 

• NCPCR Founded: March 2007;
• NCPCR Chairman: Priyank Kanoongo;
• NCPCR Headquarters: New Delhi, India.

Max Verstappen won Azerbaijan Grand Prix 2022

14 June 2022
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Max Verstappen won Azerbaijan Grand Prix 2022

Red Bull’s Max Verstappen won the Azerbaijan Formula One Grand Prix 2022 (his fifth victory of the season). In the process, Verstappen became the most successful driver in the Red Bull of all time. Red Bull’s Sergio Perez came second and Mercedes’ George Russell came at the third spot.

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However, the day was all about Max Verstappen who had one of the best races in his season, finishing on the podium after starting from number three. In the process, Verstappen became the most successful driver in the Red Bull of all time. The 24-year-old now has 66 podiums for Red Bull and is tied ninth for the most race wins alongside Jim Clark and Niki Lauda.

Karnataka govt launched ‘FRUITS’ software for farmer schemes

14 June 2022
-------------------------------
Karnataka govt launched ‘FRUITS’ software for farmer schemes

The Karnataka government has launched ‘The Farmer Registration & Unified Beneficiary Information System’ or FRUITS software for Aadhar-based, single-window registration for the schemes. FRUITS software will facilitate single registration using an Aadhar card and Karnataka’s Bhoomi digitized land record system for authenticating ownership.

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Through the creation of single digital identification through FRUITS, farmers can access benefits of hosts of schemes such as Direct Benefit Transfer under PM Kisan, payment for Minimum Support Prices (MSPs) for crops, special financial assistance, caste certificate authentication, and ration cards. To ensure that the farmers get easy access to benefits distributed under various government schemes, the Karnataka government has launched software for Aadhar-based, single-window registration for the schemes. The state departments of agriculture, horticulture, animal husbandry, revenue, food, civil supplies and fisheries departments of the state government are covered under the initiative.

Important takeaways for all competitive exams: 

• Karnataka Governor: Thawar Chand Gehlot;
• Karnataka  Chief Minister: Basavaraj Bommai;
• Karnataka Capital: Bengaluru.

Asia’s ‘longest-tusked’ elephant Bhogeshwara dies of natural causes

14 June 2022
-------------------------------
Asia’s ‘longest-tusked’ elephant Bhogeshwara dies of natural causes

Bhogeshwara, reportedly the elephant with the longest tusks in Asia, died of natural causes at the age of 60. The wild elephant, also known as Mr Kabini, was found dead in the Gundre range of Karnataka’s Bandipur Tiger Reserve. According to forest department officials, Bhogeshwar’s tusks were 2.54 meters and 2.34 meters long. Known for its gentle temperament, the elephant frequented the Kabini backwaters for the last three decades.

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Both the tusks almost touched the ground and watching it roaming in the thick jungle was a visual treat. The viscera samples have been sent to the Regional Forensic Science Laboratory of Mysuru. Experts see no foul play and stated that it was a natural death.

India finalised deals for cheetahs from South Africa & Namibia

14 June 2022
-------------------------------
India finalised deals for cheetahs from South Africa & Namibia

The Indian government has finalized deals with South Africa and Namibia to get the planet’s fastest animals, cheetahs that became extinct in India and will be released into the wild at Kuno Palpur, Madhya Pradesh, by the end of 2022. Initially, a Memorandum of Understanding (MoU) will be signed for 10 years, which can be extended for another five years. There will be 12 cheetahs from South Africa and 8 from Namibia and more will be followed in subsequent years.

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The project to translocate cheetahs from Africa to India is a long-term, one-time project being implemented by the environment ministry with the help of the Wildlife Institute of India to reintroduce the cheetah into wild, which became extinct in India in the 1950s. The Supreme Court had appointed an expert panel, which approved Kuno Palpur as the possible location for cheetah relocation. In the past six months, the Madhya Pradesh forest department has prepared a 10 sq km enclosure with round-the-clock surveillance for reintroduction of cheetahs.

38th India-Indonesia Coordinated Patrol Conducted in Andaman Sea

14 June 2022
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38th India-Indonesia Coordinated Patrol Conducted in Andaman Sea

The 38th India-Indonesia Coordinated Patrol (IND-INDO CORPAT) between the Indian Navy Units of Andaman & Nicobar Command (ANC) and Indonesian Navy is being conducted from June 13 to 24 2022 in the Andaman Sea and Straits of Malacca. The 38th CORPAT is the first post pandemic Coordinated Patrol (CORPAT) between the two countries. It includes a visit by the Indonesian Navy units to ANC at Port Blair from June 13 to 15, 2022 followed by a Sea Phase in the Andaman Sea and visit by IN Units to Sabang (Indonesia) from June 23 to 24, 2022.

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As part of Government of India’s vision of SAGAR (Security And Growth for All in the Region), Naval Component under the aegis of HQ ANC undertakes coordinated patrols with other littoral countries of the Andaman Sea along respective Exclusive Economic Zones (EEZ) towards enhancing regional maritime security.

About the CORPAT exercise:

The two Navies have been carrying out CORPAT along their International Maritime Boundary Line (IMBL) since 2002. This has helped build understanding and interoperability between both the Navies and has facilitated measures to prevent and suppress Illegal Unreported Unregulated (IUU) fishing, drug trafficking, maritime terrorism, armed robbery and piracy, etc. The IND-INDO CORPAT contributes towards forging strong bonds of friendship across the Andaman Sea and Straits of Malacca.

Important takeaways for all competitive exams: 

• Indonesia Capital: Jakarta;
• Indonesia Currency: Indonesian rupiah;
• Indonesia President: Joko Widodo.

Retail inflation for May matches estimates at 7.04%

14 June 2022
-------------------------------
Retail inflation for May matches estimates at 7.04%

According to data released by the Ministry of Statistics and Programme Implementation, India’s headline retail inflation rate eased to 7.04 percent in May from April’s near-eight-year high of 7.79 percent thanks to a favourable base effect. The fall in inflation in May is unlikely to do much to slow down the Reserve Bank of India’s (RBI) rate hike cycle. The Consumer Price Index (CPI) based inflation was 7.79 per cent in April. In May 2021, the retail inflation stood at 6.3 per cent.

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Important points:

• Meanwhile, a rise in price across all items from fuel to vegetables and cooking oil pushed WPI or Wholesale Price Inflation to a record high of 15.08 per cent in April and retail inflation to a near eight-year high of 7.79 per cent.
• Retail inflation tracked by the Consumer Price Index (CPI) measures changes in prices from a retail buyer’s perspective.
• The Reserve Bank, which factors in the CPI in its monetary policy, had earlier this month raised the inflation forecast for the current financial year to 6.7 per cent from its previous estimate of 5.7 per cent.

Long distance running legend Hari Chand passes away

14 June 2022
-------------------------------
Long distance running legend Hari Chand passes away

Long distance great Hari Chand, a two-time Olympian and a double Asian Games gold medallist, passed away in Jalandhar. He was 69. Chand won the 5000 and 10,000m gold at the 1978 Bangkok Asiad and also the 10,000m title at the 1975 Asian Championships in Seoul.

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Chand, who hailed from Ghorewaha village in Punjab’s Hoshiarpur District, made waves with his barefoot running and broke the 10,000m National record at the 1976 Montreal Olympics which stood for 32 years before falling to Surendra Singh. He was eighth in his heats in Montreal, clocking 28:48.72s. And in the next Olympics, in Moscow 1980, he was 10th in the 10,000m heats and finished 31st in the marathon which had 74 runners.

OmniCard becomes 1st RBI licensed PPI to launch cash withdrawal across all ATMs PAN India

14 June 2022
-------------------------------
OmniCard becomes 1st RBI licensed PPI to launch cash withdrawal across all ATMs PAN India

Payment solution provider, OmniCard has announced that it became the 1st RBI licensed PPI (prepaid payment instrument) to launch cash withdrawal using a RuPay-powered card from any ATMs across the country. The move came in after RBI permitted the non-bank licensed entities to enable cash withdrawals from the digital wallets.

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OmniCard users can withdraw cash from any ATM at their convenience with full security from frauds like card theft, card cloning, and PIN skimming as the withdrawal facility comes with high safety & secure features and protects the user from exposing their money and bank account details. The company worked with the National Payments Corporation of India (NPCI) team to enable the facility.

Key features:

• Run by Noida-based Eroute Technologies, Omnicard is a RuPay powered prepaid card with a mobile app where the users can spend using swipe, scan, tap and pay online, avail in-app offers from partner brands and get rewarded on every spends.

Important takeaways for all competitive exams: 

• Co-Founder and Chief Executive Officer (CEO) of OmniCard: Sanjeev Pandey.

14th June Daily Current Affairs 2022: Today GK Updates for Bank Exam

14 June 2022
-------------------------------
14th June Daily Current Affairs 2022: Today GK Updates for Bank Exam

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update for 14th June 2022 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Here is the Daily GK Update of the 14th June 2022 covering the following news headlines: Bhogeshwara, Elimination of Child Labour Week, World Blood Donor Day, Azerbaijan Grand Prix, ICC Players of the Month for May.
 

Top 13 Daily GK Updates: National & International News 

Here is providing below the top 13 important Daily General Knowledge 2022 updates with national & international news.

States News

1. Karnataka govt launched ‘FRUITS’ software for farmer schemes 

• The Karnataka government has launched ‘The Farmer Registration & Unified Beneficiary Information System’ or FRUITS software for Aadhar-based, single-window registration for the schemes.
• FRUITS software will facilitate single registration using an Aadhar card and Karnataka’s Bhoomi digitized land record system for authenticating ownership.
• Through the creation of single digital identification through FRUITS, farmers can access benefits of hosts of schemes such as Direct Benefit Transfer under PM Kisan, payment for Minimum Support Prices (MSPs) for crops, special financial assistance, caste certificate authentication, and ration cards.

Important takeaways for all competitive exams: 

• Karnataka Governor: Thawar Chand Gehlot;
• Karnataka  Chief Minister: Basavaraj Bommai;
• Karnataka Capital: Bengaluru.

Economy News

2. Retail inflation for May matches estimates at 7.04% 

• According to data released by the Ministry of Statistics and Programme Implementation, India's headline retail inflation rate eased to 7.04 percent in May from April's near-eight-year high of 7.79 percent thanks to a favourable base effect.
• The fall in inflation in May is unlikely to do much to slow down the Reserve Bank of India's (RBI) rate hike cycle. The Consumer Price Index (CPI) based inflation was 7.79 per cent in April. In May 2021, the retail inflation stood at 6.3 per cent.

Banking News

3. OmniCard becomes 1st RBI licensed PPI to launch cash withdrawal across all ATMs PAN India 

• Payment solution provider, OmniCard has announced that it became the 1st RBI licensed PPI (prepaid payment instrument) to launch cash withdrawal using a RuPay-powered card from any ATMs across the country.
• The move came in after RBI permitted the non-bank licensed entities to enable cash withdrawals from the digital wallets.
• OmniCard users can withdraw cash from any ATM at their convenience with full security from frauds like card theft, card cloning, and PIN skimming as the withdrawal facility comes with high safety & secure features and protects the user from exposing their money and bank account details.
• The company worked with the National Payments Corporation of India (NPCI) team to enable the facility.

Important takeaways for all competitive exams: 

• Co-Founder and Chief Executive Officer (CEO) of OmniCard: Sanjeev Pandey.

Defence News

4. 38th India-Indonesia Coordinated Patrol Conducted in Andaman Sea 

• The 38th India-Indonesia Coordinated Patrol (IND-INDO CORPAT) between the Indian Navy Units of Andaman & Nicobar Command (ANC) and Indonesian Navy is being conducted from June 13 to 24 2022 in the Andaman Sea and Straits of Malacca.
• The 38th CORPAT is the first post pandemic Coordinated Patrol (CORPAT) between the two countries.
• It includes a visit by the Indonesian Navy units to ANC at Port Blair from June 13 to 15, 2022 followed by a Sea Phase in the Andaman Sea and visit by IN Units to Sabang (Indonesia) from June 23 to 24, 2022.

Sports News

5. Haryana won Khelo India Youth Games 2021 title 

• Hosts Haryana won the Khelo India Youth Games (KIYG) 2021 title with 52 gold medals on the final day.
• Haryana also won 39 silver and 46 bronze medals, taking their overall medal tally to 137 medals - the highest cumulative haul by any state. The late surge helped Haryana leapfrog the 2020 champions Maharashtra on the KIYG medals table.
• Maharashtra, meanwhile, managed 45 gold, 40 silver and 40 bronze medals to come second with 125 medals.
• Karnataka, with 22 gold, 17 silver and 28 bronze, finished third with 67 medals.

6. Angelo Mathews and Tuba Hassan crowned ICC Players of the Month for May

• The International Cricket Council (ICC) has announced that Sri Lanka’s batting star Angelo Mathews and Pakistan’s debutante spin sensation Tuba Hassan have been voted the ICC Men’s and Women’s Players of the Month for May 2022.
• Fans can continue to vote every month for their favourite male and female cricketers across all formats of international cricket as part of the ICC Player of the Month initiative by registering at www.icc-cricket.com/awards.

Important takeaways for all competitive exams: 

• ICC Founded: 15 June 1909;
• ICC Chairman: Greg Barclay;
• ICC CEO: Geoff Allardice;
• ICC Headquarters: Dubai, United Arab Emirates.

7. Max Verstappen won Azerbaijan Grand Prix 2022 

• Red Bull’s Max Verstappen won the Azerbaijan Formula One Grand Prix 2022 (his fifth victory of the season).
• In the process, Verstappen became the most successful driver in the Red Bull of all time. Red Bull’s Sergio Perez came second and Mercedes’ George Russell came at the third spot.

Important Days

8. World Blood Donor Day 2022 observed on 14th June

• World Blood Donor Day is observed globally on 14 June every year. The day is celebrated to promote awareness about the need for blood donation and thank voluntary, unpaid blood donors for their life-saving gifts of blood.
• The day aims to promote regular blood donations to ensure that all individuals have access to affordable and timely supplies of safe blood in times of emergency needs.
• The host nation for World Blood Donor Day 2022 is Mexico. The global event will be held in Mexico City on June 14, 2022.
• The Theme for World Blood Donor Day 2022 is “Donating blood is an act of solidarity. Join the effort and save lives".
• The World Health Organization initiated and declared June 14, the birth anniversary of Karl Landsteiner, as World Blood Donor Day in 2004.

9. NCPCR’s Elimination of Child Labour Week: 12-20 June 2022

• National Commission for Protection of Child Rights (NCPCR) is celebrating Elimination of Child Labour Week in the honour of World Day Against Child Labour.
• It is being celebrated in 75 places as part of the “75th anniversary celebrations of India’s independence – “Azadi ka Amrit Mahotsav” in different districts starting from 12th June to 20th June, 2022 as a significance to pay attention to the problem of child labour and to find ways to eradicate it.

Important takeaways for all competitive exams: 

• NCPCR Founded: March 2007;
• NCPCR Chairman: Priyank Kanoongo;
• NCPCR Headquarters: New Delhi, India.

Obituaries News

10. Long distance running legend Hari Chand passes away

• Long distance great Hari Chand, a two-time Olympian and a double Asian Games gold medallist, passed away in Jalandhar. He was 69.
• Chand won the 5000 and 10,000m gold at the 1978 Bangkok Asiad and also the 10,000m title at the 1975 Asian Championships in Seoul.
• Chand, who hailed from Ghorewaha village in Punjab’s Hoshiarpur District, made waves with his barefoot running and broke the 10,000m National record at the 1976 Montreal Olympics which stood for 32 years before falling to Surendra Singh.

Miscellaneous News

11. India's first centralised AC railway terminal in Bengaluru becomes operational 

• The ultra luxury Sir M Visvesvaraya Railway Terminal in Karnataka's capital city Bengaluru was made operational. The Ernakulam Tri-Weekly Express chugged trough the station to mark this special occasion.
• According to the railway officials, the air-conditioned SMV Railway Terminal is a Rs 314 crore project. It has solar rooftop panels and rainwater harvesting mechanism.
• The railway terminal at the city's Baiyappanahalli area, named after Bharat Ratna Sir M. Visvesvaraya, is equipped with state-of-the-art facilities and claims to have an airport-like aura.

12. Asia's 'longest-tusked' elephant Bhogeshwara dies of natural causes 

• Bhogeshwara, reportedly the elephant with the longest tusks in Asia, died of natural causes at the age of 60. The wild elephant, also known as Mr Kabini, was found dead in the Gundre range of Karnataka’s Bandipur Tiger Reserve.
• According to forest department officials, Bhogeshwar’s tusks were 2.54 meters and 2.34 meters long. Known for its gentle temperament, the elephant frequented the Kabini backwaters for the last three decades.

13. India finalised deals for cheetahs from South Africa & Namibia

• The Indian government has finalized deals with South Africa and Namibia to get the planet’s fastest animals, cheetahs that became extinct in India and will be released into the wild at Kuno Palpur, Madhya Pradesh, by the end of 2022.
• Initially, a Memorandum of Understanding (MoU) will be signed for 10 years, which can be extended for another five years. There will be 12 cheetahs from South Africa and 8 from Namibia and more will be followed in subsequent years.

India’s first centralised AC railway terminal in Bengaluru becomes operational

14 June 2022
-------------------------------
India’s first centralised AC railway terminal in Bengaluru becomes operational

The ultra luxury Sir M Visvesvaraya Railway Terminal in Karnataka’s capital city Bengaluru was made operational. The Ernakulam Tri-Weekly Express chugged trough the station to mark this special occasion. According to the railway officials, the air-conditioned SMV Railway Terminal is a Rs 314 crore project. It has solar rooftop panels and rainwater harvesting mechanism.

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The railway terminal at the city’s Baiyappanahalli area, named after Bharat Ratna Sir M. Visvesvaraya, is equipped with state-of-the-art facilities and claims to have an airport-like aura. It was a joyous moment for the crew and passengers for being the first to use the city’s third major terminal, which is situated between Banaswadi and Baiyyappanahalli in the city. The other two major terminals in Bengaluru are Bengaluru City Railway Station and Yashwanthpur Railway Station.

Indian diplomat Amandeep Singh Gill appointed as UN Chief’s envoy on technology

11 June 2022
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Indian diplomat Amandeep Singh Gill appointed as UN Chief’s envoy on technology

UN Secretary-General Antonio Guterres has appointed senior Indian diplomat Amandeep Singh Gill as his envoy on technology to coordinate programmes for international digital cooperation. The UN describing him as a “thought leader on digital technology” who has a solid understanding of how to leverage the digital transformation responsibly and inclusively for progress on the Sustainable Development Goals.

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Experience of Amandeep Singh Gill:

• Amandeep Singh Gill has been India’s permanent representative to the Conference on Disarmament in Geneva from 2016-to 2018.  He is now the chief executive officer of the International Digital Health and Artificial Intelligence Research Collaborative (I-DAIR) project at the Graduate Institute of International and Development Studies in Geneva.

Career of Amandeep Singh Gill: 

• Gill joined the Indian Foreign Service in 1992 and served in various capacities in disarmament and strategic technologies and international security affairs, with postings in Tehran and Colombo. He was also a visiting scholar at Stanford University.
• Gill holds a Ph.D in Nuclear Learning in Multilateral Forums from King’s College, London, a Bachelor of Technology in Electronics and Electrical Communications from Panjab University in Chandigarh and an Advanced Diploma in French History and Language from Geneva University.

RBI cancelled licence of Mudhol Co-op Bank, Bagalkot, Karnataka

11 June 2022
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RBI cancelled licence of Mudhol Co-op Bank, Bagalkot, Karnataka

The Reserve Bank of India has cancelled the licence of “The Mudhol Co-operative Bank Limited, Bagalkot (Karnataka)”, thus restricting it from repayment of deposits and acceptance of fresh funds. The bank does not have adequate capital and earning prospects, the Reserve Bank of India (RBI) said while announcing the cancellation of licence. RBI also said that bank with its present financial position would be unable to pay its present depositors in full.

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Why this step taken by RBI?

• RBI said that bank with its present financial position would be unable to pay its present depositors in full.
• As per the data submitted by the bank, RBI said more than 99 per cent of the depositors are entitled to receive full amount of their deposits from the Deposit Insurance and Credit Guarantee Corporation (DICGC).
• On liquidation, every depositor would be entitled to receive deposit insurance claim amount up to Rs 5 lakh from the DICGC.
• DICGC has already paid Rs 16.69 crore of the total insured deposits based on the willingness received from the concerned depositors of the bank, the RBI added.

Important takeaways for all competitive exams:

• DICGC Chairperson: Michael Patra;
• DICGC Headquarters: Mumbai;
• DICGC Founded: 15 July 1978.

In Ahmedabad, Prime Minister Modi inaugurates IN-SPACe

11 June 2022
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In Ahmedabad, Prime Minister Modi inaugurates IN-SPACe

The Indian National Center for Space Promotion and Authorization (IN-SPACe) was established in Ahmedabad by Prime Minister Narendra Modi. Amit Shah, the Union Home Minister, was also present at the ceremony. After inaugurating the Indian National Space Promotion and Authorisation Centre (IN-SPACe) in Ahmedabad, Prime Minister Narendra Modi reviewed its headquarters.

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KEY POINTS:

• PM Modi had previously met his high school teacher in Vadnagar, Gujarat’s Navsari. In Navsari, PM Modi also opened the AM Naik Healthcare Complex and the Nirali multi-specialty hospital.
• They have emphasised a holistic approach to improve the country’s health system for the past eight years. They have attempted to modernise the treatment facilities as well as emphasis on themes such as better diet, a healthy lifestyle, and health prevention.
• PM Modi emphasised Gujarat’s progress, calling the state’s tremendous development over the last two decades its “pride.”
• Prior to becoming Prime Minister in 2014, PM Modi held the title of Gujarat’s longest-serving Chief Minister, holding the position from October 2001 to May 2014.
• According to PM Modi, the administration has prioritised the poor’s upliftment during the last eight years.
• Prime Minister Modi lay the foundation stone for a number of development projects in Gujarat totaling Rs 3,050 crores.
• According to the Prime Minister’s Office, these projects would assist improve the region’s water supply while also increasing connection and making life easier.

UNCTAD’s World Investment Report: India ranked 7th

11 June 2022
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UNCTAD’s World Investment Report: India ranked 7th

According to the United Nations Conference on Trade and Development (UNCTAD), India jumped one position to 7th among the top recipients of foreign direct investment (FDI) in the last calendar year (2021) despite FDI inflows into the country declining. In its latest World Investment Report, UNCTAD said FDI inflows into India declined to $45 billion in 2021 from $64 billion in the preceding year. Outward FDI from India rose 43 percent to $15.5 billion in 2021.

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While the United States ($367 billion) remained the top recipient of FDI, China ($181 billion) and Hong Kong ($141 billion) also retained second and third position, respectively. Among the top 10 host economies for FDI, only India saw a decline in its FDI inflows.

PM Modi launches new series of coins with Azadi Ka Amrit Mahotsav design

08 June 2022
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PM Modi launches new series of coins with Azadi Ka Amrit Mahotsav design

Prime Minister Narendra Modi has launched a special series of coins that are also ‘visually impaired friendly’. The coins of Re 1, Rs 2, 5, 10 and 20 denominations will have the Azadi Ka Amrit Mahotsav (AKAM) design. They are not commemorative coins and will be part of circulation. These new series of coins will remind people of the goal of amrit kal and motivate people to work towards the development of the country.

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Meanwhile, lenders like HDFC Bank and Axis Bank said these special coins will be distributed through select branches. AKAM is an initiative of the Government of India to celebrate and commemorate 75 years of independence.

SEBI Advisory Committee on Mutual Funds restructured

08 June 2022
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SEBI Advisory Committee on Mutual Funds restructured

SEBI, the market regulator, has revamped its mutual fund advisory committee. According to the latest update with the Securities and Exchange Board of India (Sebi), the 25-member advisory council will be chaired by Usha Thorat, a former Deputy Governor of the Reserve Bank of India (RBI). Previously, the panel consisted of 24 people.

All Government Schemes Launched In 2022

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Committee Aim:

• The committee’s mission is to advise the Securities and Exchange Board of India (SEBI) on problems relating to mutual fund regulation and development.
• It can also advise the regulator on disclosure requirements and steps necessary for a change in the legal framework to bring mutual fund laws closer to simplification and transparency.

Members in the Advisory Committee:

• Neeraj Choksi, Chairman of NJ India Invest, has been appointed to the advisory council by the regulator.
• Sunil Gulati, Independent Trustee at SBI Mutual Fund, and Dharmishta Narendraprasad Raval, Independent Trustee at DSP Mutual Fund, are among the other members.
• Prathit D Bhobe, MD and CEO of Tata Asset Management, Vinay Tonse, MD and CEO of SBI Funds Management, Swarup Mohanty, CEO of Mirae Asset Investment Managers (India), MD and CEO of Sundaram Asset Management Company.
• The panel also includes Sunil Subramaniam, Navin Agarwal, MD and CEO of Motilal Oswal Asset Management Company, and A Balasubramanian, Chairman of the Association of Mutual Funds in India (AMFI).
• The committee also includes officials from the BSE, NSE, Computer Age Management Services (CAMS), KFin Technologies, as well as the finance ministry and Sebi.

‘Sital Sasthi’ festival being celebrated in Odisha

08 June 2022
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‘Sital Sasthi’ festival being celebrated in Odisha

Sital Sasthi is a sacred Hindu festival is being celebrated in Odisha. This week-long special festival highlights the marriage of Lord Shiva and Goddess Parvati. According to the Hindu calendar, Sital Sasthi is observed on the sixth day of the Jyestha month during the Shukla Paksha.

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Interesting fact of the festival:

• People observing this festival believe that Lord Shiva represents the scorching heat of summer while Goddess Parvati signifies the first rain.
• So, this holy and lavish wedding is observed for a good monsoon.
• Sital Sasthi is a celebration wherein Lord Shiva and Goddess Parvati are adopted by two families, and their wedding is solemnised with the involvement of rituals.
• After the marriage is performed, the God and Goddess are then carried around the city via a procession

About the festival:

This festival is usually celebrated in a form of a grand carnival. Artists and individuals from different states come together and participate in the celebrations. The Sambalpur carnival, which is a popular event, attracts thousands of tourists from all over India and abroad. This year, an assembly of more than 6,000 artists from across Odisha as well as other states are likely to perform at the cultural extravaganza after a gap of two years. Events like folk music, dance, and other such festivities form the chief attraction of this carnival.

Important takeaways for all competitive exams:

• Odisha Capital: Bhubaneswar;
• Odisha Governor: Ganeshi Lal;
• Odisha Chief Minister: Naveen Patnaik.

08th June Daily Current Affairs 2022: Today GK Updates for Bank Exam

08 June 2022
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08th June Daily Current Affairs 2022: Today GK Updates for Bank Exam

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update for 08th June 2022 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Here is the Daily GK Update of the 08th June 2022 covering the following news headlines: Azadi Ka Amrit Mahotsav, Sital Sasthi, Beach Vigil App, International Aluminium Institute, RBI Monetary Policy, World Bank.

Top 19 Daily GK Updates: National & International News 

Here is providing below the top 19 important Daily General Knowledge 2022 updates with national & international news.

National News

1. PM Modi launches new series of coins with Azadi Ka Amrit Mahotsav design 

• Prime Minister Narendra Modi has launched a special series of coins that are also 'visually impaired friendly'.
• The coins of Re 1, Rs 2, 5, 10 and 20 denominations will have the Azadi Ka Amrit Mahotsav (AKAM) design.
• They are not commemorative coins and will be part of circulation. These new series of coins will remind people of the goal of amrit kal and motivate people to work towards the development of the country.

States News

2. 'Sital Sasthi' festival being celebrated in Odisha 

• Sital Sasthi is a sacred Hindu festival is being celebrated in Odisha. This week-long special festival highlights the marriage of Lord Shiva and Goddess Parvati.
• According to the Hindu calendar, Sital Sasthi is observed on the sixth day of the Jyestha month during the Shukla Paksha.

Important takeaways for all competitive exams:

• Odisha Capital: Bhubaneswar;
• Odisha Governor: Ganeshi Lal;
• Odisha Chief Minister: Naveen Patnaik.

3. Andhra Pradesh launched ‘14400 app’ to report corrupt officials 

• Andhra Pradesh Chief Minister Jagan Mohan Reddy launched the ‘14400’ app. This app has been developed by Anti-Corruption Bureau (ACB).
• This app is customized for the people to register corruption-related complaints against the officials in the state.
• This app also aims to ensure fool-proof evidence to present before the court. A complaint can be filed through a toll-free number 14400.

Important takeaways for all competitive exams: 

• Andhra Pradesh Governor: Biswabhusan Harichandan;
• Andhra Pradesh Chief minister: Y. S. Jaganmohan Reddy.

4. Tamil Nadu launched Nalaya Thiran skilling programme for college students 

• The Tamil Nadu government recently launched Naan Mudhalvan (I am the first). Under this programme, Tamil Nadu government has now launched Nalaya Thiran (Tomorrow’s ability).
• In this programme, 50,000 college students will train with the knowledge in computer science, electronics and IT domains, skilling them on problem solving using technologies.
• The Tamil Nadu government has created the Nalaya Thiran program to help the industry get skilled students.

Important takeaways for all competitive exams: 

• Tamil Nadu Capital: Chennai;
• Tamil Nadu Chief minister: K. Stalin;
• Tamil Nadu Governor: N. Ravi.

5. Goa CM Launches ‘Beach Vigil App’ for Holistic Management of beaches 

• The chief minister (CM) of Goa, Pramod Sawant has launched a ‘Beach Vigil App’, a collaboration between Information Technology (IT) sector and tourism sector that aims to benefit tourists and the institutions working in the beach tourism sector in a holistic management of beaches.
• Through the Beach Vigil App, the Drishti workers, police and other stakeholders can raise issues for safeguarding the interest of the tourist’s.During the launch, Goa IT and Tourism Minister Rohan Khaunte was also present.

Important Takeaways For All Competitive Exams:

• Goa Governor: P.S. Sreedharan Pillai;
• Goa Wildlife Sanctuaries: Bhagwan Mahavir Wildlife Sanctuary, Cotigao Wildlife
  Sanctuary, Bondla Wildlife Sanctuary;
• Goa Festivals: Goa Mango Festival.

Appointments News

6. Alok Kumar Choudhary takes charge as MD of SBI 

• Alok Kumar Choudhary has took charge as the new Managing Director (MD) of State Bank of India (SBI).
• His appointment comes in the wake of the superannuation of Ashwani Bhatia as Managing Director on May 31, 2022.
• Choudhary was previously Deputy Managing Director (Finance) at the bank. As the new MD, he will be handling retail business and operations.

Important Takeaways For All Competitive Exams:

• State Bank of India Founded: 1 July 1955;
• State Bank of India Headquarters: Mumbai;
• State Bank of India Chairman: Dinesh Kumar Khara.

7. Satish Pai named as the new chairman of International Aluminium Institute

• The International Aluminium Institute (IAI), the only body representing the global primary aluminium industry, has announced the appointment of Satish Pai as its new Chair.
• He is the Managing Director of Hindalco Industries, one of the world’s largest integrated producers of aluminium.
• Earlier serving as Vice Chairman, he succeeds Ben Kahrs, Chief Innovation Officer, Alcoa Corporation.

Economy News

8. RBI Monetary Policy: RBI raises repo rate by 50 bps to 4.90%

• The six-member Monetary Policy Committee (MPC) led by RBI Governor Shaktikanta Das voted unanimously to raise repo rate by 50 basis points to 4.90 percent.
• The Monetary Policy Committee has raised the repo rate in order to tackle elevated inflation.
• Standing Deposit Facility and Marginal Standing Facility rates also raised by 50 basis points. Standing Deposit Facility rate now 4.65 percent, and Marginal Standing Facility rate now 5.15 percent.

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9. World Bank cuts India GDP forecast to 7.5% 

• The World Bank has slashed its growth forecast for India for the current financial year to 7.5 percent, a hefty 1.2 percentage points down from its previous forecast of 8.7 percent.
• Writing in its latest Global Economic Prospects report released, the World Bank said it cut India’s GDP growth forecast due to headwinds from rising inflation, supply chain disruptions, and geopolitical tensions.

Important takeaways for all competitive exams:

• World Bank Headquarters: Washington, D.C., United States;
• World Bank Formation: July 1944;
• World Bank President: David Malpass.

Business News

10. Suryoday SFB and Mobisafar Services partnered to provide banking services across India

• Suryoday Small Finance Bank, one of India's premier small finance banks, has established a cooperation with Mobisafar to provide banking services across India through all of Mobisafar's franchises and Business Correspondent network.
• The cooperation aims to increase financial inclusion by providing vital banking services to underbanked customers digitally, even in the most distant corners of the country.
• Mobisafar's 1.38 lac Banking Mitras will assist Suryoday Small Finance Bank in onboarding new clients digitally using eKYC and enabling banking services like savings account establishment, deposit / withdrawal of money, balance inquiry, and so on.

Banking News

11. NBFCUL Releases New Provisioning Norms for Standard Assets, issued by the RBI

• The Reserve Bank of India (RBI), in light of the growing involvement of non-banking financial companies (NBFCs) in the financial system, has issued a set of standards for provisioning for standard assets by large NBFCs.
• The RBI published a framework for NBFC scale-based regulation in October of last year. NBFCs have a four-layer regulatory structure based on their size, activity, and perceived riskiness.

Schemes and Committees News

12. SEBI Advisory Committee on Mutual Funds restructured

• SEBI, the market regulator, has revamped its mutual fund advisory committee.
• According to the latest update with the Securities and Exchange Board of India (Sebi), the 25-member advisory council will be chaired by Usha Thorat, a former Deputy Governor of the Reserve Bank of India (RBI). Previously, the panel consisted of 24 people.
• The committee's mission is to advise the Securities and Exchange Board of India (SEBI) on problems relating to mutual fund regulation and development.
• It can also advise the regulator on disclosure requirements and steps necessary for a change in the legal framework to bring mutual fund laws closer to simplification and transparency.

Defence News

13. Indian Army Contingent participates in the “Khaan Quest 2022” exercise 

• Indian Army participates in a multinational exercise “Ex Khaan Quest 2022” where 16 other countries also took part in Mongolia. President of Mongolia, Ukhnaagiin Khurelsukh inaugurated the Exercise as the host.
• Indian Army is represented by a contingent from the LADAKH SCOUTS.
• The 14-day exercise is aimed at enhancing interoperability, building military to military relationships, developing peace support operations and military readiness among participating nations.

Important takeaways for all competitive exams: 

• Indian Army Founded: 1 April 1895;
• Indian Army Headquarters: New Delhi;
• Indian Army Chief of the Army Staff: Manoj Pande;
• Indian Army Motto: Service Before Self.

14. India successfully tested nuclear- capable Agni-4 ballistic missile in Odisha

• India has successfully executed a nuclear- capable Agni-4 ballistic missile from APJ Abdul Kalam Island in Odisha.
• The missile has the range of around 4,000 kilometres. Earlier, India successfully test-fired an extended range version of the BrahMos supersonic cruise missile from a Sukhoi fighter jet.
• It was the first launch of the extended range version of the BrahMos missile from a Su-30MKI aircraft.

Ranks and Reports News

15. India ranked worst in the world in terms of environmental performance in 2022

• In the 2022 Environment Performance Index (EPI), an analysis by Yale and Columbia University researchers that gives a data-driven evaluation of the situation of sustainability around the world, India came in last out of 180 countries.
• Climate change, environmental public health, and biodiversity are among the 40 performance factors used by the EPI to rank 180 nations.
• With an overall score of 18.9, India came in last, while Denmark came in first as the world's most sustainable country.

Sports News

16. National Air sports Policy 2022 launched by Civil Aviation Minister

• The Minister of Civil Aviation Shri Jyotiraditya M. Scindia launched the National Air Sport policy 2022 (NASP 2022).
• The vision of NASP 2022 is to make India one of the top sports nations by 2023. The policy ensures to provide safe, affordable, accessible, enjoyable, and sustainable air sports in India.
• The Air sports included various sports events which are going to be in air medium. India as a developing country has the potential to become one of the top countries in the world of air sports.

17. India Beat Poland 6-4 to Clinch Inaugural FIH Hockey 5s Title

• India beat Poland 6-4 in final to clinch the inaugural FIH Hockey 5s championship in Lausanne in Switzerland.
• Earlier, India first outplayed Malaysia 7-3, pumping in four goals in the second half in a stunning show before beating Poland 6-2 in the second match of the day.
• India, who had topped the five-team league standings with three wins and one draw en route final, ended their campaign with an unbeaten record.

Important News

18. World Oceans Day observed on 8th June

• The World Oceans Day is celebrated on June 8 every year across the globe. The day is commemorated to remind people of the importance of the oceans and the major role they play in everyday life.
• The day is also observed to make raise public awareness of the ocean and its resources in order to promote global ocean and resource sustainability.
• "Revitalization: collective action for the ocean" is the theme for World Oceans Day 2022, a year framed by the UN Decade of Ocean Science and the celebration of the United Nations Ocean Conference, two years after being cancelled because of the pandemic.

Miscellaneous News

19. Maruti Suzuki installed Asia's largest 20 MWp solar plant at Manesar

• Maruti Suzuki India has installed a 20 MW solar carport at its Manesar, Haryana, site. The project is projected to provide the organisation with 28,000 MWh of electricity per year.
• According to the firm, the energy generated by this initiative will be similar to the energy required to create nearly 67,000 cars every year. This is Asia's largest solar carport, according to the business.
• Suzuki Motor Corporation, the parent firm of Maruti Suzuki India, inked a memorandum of understanding with Gujarat in March this year, agreeing to invest around 150 billion yen ($1.13 billion) in local manufacturing of battery electric vehicles (BEVs) and BEV batteries.

Union Health Minister releases FSSAI’s 4th State Food Safety Index on World Food Safety Day

08 June 2022
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Union Health Minister releases FSSAI’s 4th State Food Safety Index on World Food Safety Day

On the occasion of World Food Safety Day, Union Health Minister Mansukh Mandaviya released the 4th State Food Safety Index. The Food Safety and Standards Authority of India (FSSAI) compiled the report to assess states’ performance across five food safety categories. The winning State/UTs based on the rating for the year 2021-22 were additionally honoured by the Health Minister for their outstanding performance across five food safety metrics.

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Key Points:

• 4th State Food Safety Index is a ranking of how safe food is in each state
• The fourth State Food Safety Index (SFSI) will aid in the provision of safe and nutritious food to citizens by highlighting the efforts of states and union territories in this regard.
• The SFSI, which began in 2018-19, intends to make a competitive and constructive transformation in the country’s food safety ecosystem.
• Tamil Nadu was the highest-ranking state among the major states this year, followed by Gujarat and Maharashtra. Goa, on the other hand, was first among the smallest states, followed by Manipur and Sikkim.
• Meanwhile, Jammu & Kashmir, Delhi, and Chandigarh ranked top, second, and third among the UTs, respectively.

About World Food Safety Day:

• World Food Safety Day raises awareness of the need of preventing, detecting, and managing foodborne risks in order to promote human health.
• This year’s theme is “Safer food, greater health.” In recent years, India’s healthcare system has seen a complete transformation.
• The government is working to ensure residents’ health security by focusing on the primary, secondary, and tertiary healthcare sectors.
• Under the National Health Mission, some of these measures include the establishment of ‘Health and Wellness Centers’ and the reinforcement of district hospitals.
• The Union Minister unveiled the logo for ‘Ayurveda Aahar’ on the occasion of World Food Safety Day.
• The logo for Ayurveda Aahar is designed to provide the company a distinct identity and make it easier to recognize.

The Ayurveda and Ahara letters are combined with five leaves to represent the five elements of nature in the logo. Ayurveda Aahar refers to food produced using the recipes, materials, and/or practices indicated in the Ayurvedic publications classified under the laws’ ‘Schedule A.’

Highlights about the Event:

• Union Health Minister Mandaviya also launched a number of FSSAI’s unique programmes, including the Eat Right Research Awards and Grants – Phase II.
• Eat Right Creativity Challenge – Phase III, a school-based competition
• The publication of several e-books advocating and capturing creative recipes for oil-free cooking and sugar-free desserts.
• Publication of several resource books, including Khadyanjali, a quarterly journal produced by the FSSAI’s Rajbhasha Division; Guidance Document on Food-Borne Disease Outbreak Investigation and Microbiological Process Control, Sampling and Testing of Fish and Fishery Products, and others.

The Health Minister also congratulated the 11 winning smart cities of the EatSmart Cities Challenge, which was launched by the Food Safety and Standards Authority of India (FSSAI) in collaboration with the Smart Cities Mission under the Ministry of Housing and Urban Affairs last year (MoHUA). He also presented the Eat Right Research Challenge for Cities and Districts, as well as the Eat Right Research Awards and Grants, to the recipients.

Goa CM Launches ‘Beach Vigil App’ for Holistic Management of beaches

08 June 2022
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Goa CM Launches ‘Beach Vigil App’ for Holistic Management of beaches

The chief minister (CM) of Goa, Pramod Sawant has launched a ‘Beach Vigil App’, a collaboration between Information Technology (IT) sector and tourism sector that aims to benefit tourists and the institutions working in the beach tourism sector in a holistic management of beaches.

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About the app:

• Through the Beach Vigil App, the Drishti workers, police and other stakeholders can raise issues for safeguarding the interest of the tourist’s.During the launch, Goa IT and Tourism Minister Rohan Khaunte was also present.
• The app will cover everything from reporting illegal hawkers and illegal massage services to beach cleanliness. The Public Health Foundation of India report on India’s rape related crimes states that Goa has documented the highest increase of 559.4% in the last two decades, or 5.6 times the national average.

Important Takeaways For All Competitive Exams:

• Goa Governor: P.S. Sreedharan Pillai;
• Goa Wildlife Sanctuaries: Bhagwan Mahavir Wildlife Sanctuary, Cotigao Wildlife
  Sanctuary, Bondla Wildlife Sanctuary;
• Goa Festivals: Goa Mango Festival.

Alok Kumar Choudhary takes charge as MD of SBI

08 June 2022
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Alok Kumar Choudhary takes charge as MD of SBI

Alok Kumar Choudhary has took charge as the new Managing Director (MD) of State Bank of India (SBI). His appointment comes in the wake of the superannuation of Ashwani Bhatia as Managing Director on May 31, 2022. Choudhary was previously Deputy Managing Director (Finance) at the bank. As the new MD, he will be handling retail business and operations.

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Per a notification issued by the Department of Financial Services, the new MD’s appointment is with effect from the date of assumption of office and up to the date of his superannuation (June 30, 2024), or until further order, whichever is earlier. Following Choudhary’s appointment, SBI now has four MDs. The other MDs are Challa Sreenivasulu Setty, Swaminathan J and Ashwini Kumar Tewari.

Important Takeaways For All Competitive Exams:

• State Bank of India Founded: 1 July 1955;
• State Bank of India Headquarters: Mumbai;
• State Bank of India Chairman: Dinesh Kumar Khara.

IAF heritage centre to come up in Chandigarh

04 June 2022
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IAF heritage centre to come up in Chandigarh

A heritage centre to showcase the role of the Indian Air Force in various wars and its overall functioning will come up at Chandigarh. The ‘IAF Heritage Centre’ will be set up jointly by the force and the Chandigarh administration. An MoU between the Union Territory of Chandigarh and the IAF for setting up of the centre was inked. The ceremony was attended by Punjab Governor Banwarilal Purohit and Air Chief Marshal VR Chaudhari.

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About the heritage centre:

This heritage centre will have artefact, simulators and interactive boards to highlight various facets of IAF. It will also showcase the vital role played by the service in various wars and assistance rendered for humanitarian assistance and disaster relief. This joint project of Administration of UT Chandigarh and IAF is planned to be completed by October.

Important takeaways for all competitive exams:

• Indian Airforce founded: 08th October 1932;
• Indian Airforce Headquarters: New Delhi;
• Indian Airforce Chief of Air Staff: Vivek Ram Chaudhari.

UN approves Turkey’s request to change name to Turkiye

04 June 2022
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UN approves Turkey’s request to change name to Turkiye

The United Nations has changed the Republic of Turkey’s country name at the organisation from “Turkey” to “Türkiye”, following a request from Ankara for the change. UN spokesman Stephane Dujarric had been received from the Turkish foreign minister Mevlut Cavusoglu addressed to Secretary-General Antonio Guterres, requesting the use of “Türkiye” instead of “Turkey” for all affairs.

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Turkey began the move to change its internationally recognised official name in English to Türkiye in December after Turkish President Recep Tayyip Erdogan released a memorandum and asked the public to use Türkiye to describe the country in every language. Türkiye is the best representation and expression of the Turkish people’s culture, civilization and values.

Important takeaways for all competitive exams: 

• Turkiye Capital: Ankara;
• President of Turkiye: Recep Tayyip Erdogan;
• Turkiye Currency: Turkish lira.

International Day of Innocent Children Victims of Aggression

04 June 2022
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International Day of Innocent Children Victims of Aggression

Every year on June 4th, the United Nations (UN) observes the International Day of Innocent Children Victims of Aggression to raise awareness of the children who have been victims of physical, mental, and emotional abuse around the world. On this day, the United Nations reaffirms its commitment to preserve children’s rights.

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International Day of Innocent Children Victims of Aggression: History

The very first International Day of Innocent Children Victims of Aggression was observed on August 19, 1982. At the time, the day was focused on victims of the Lebanon War. In 1982 Lebanon war, Israel’s forces invaded southern Lebanon after repeated attacks and counterattacks between Palestine Liberation Organisation and Israel Defense Forces (IDF). The invasion was carried out after the assassination attempt of Israeli ambassador.

International Day of Innocent Children Victims of Aggression: significance

Though the first-ever International Day of Innocent Children Victims of Aggression was focused on victims of Lebanon war its scope was widened to “acknowledge the pain suffered by children throughout the world who are the victims of physical, mental and emotional abuse”

This day affirms United Nations’ commitment towards protecting children and their rights. United Nations General Assembly decided under the resolution ES-7/8 that June 4 would be observed each year.

Union Minister Dr. Virendra Kumar launched the Scheme “SHRESHTA”

04 June 2022
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Union Minister Dr. Virendra Kumar launched the Scheme “SHRESHTA”

Union Minister of social Justice and empowerment Dr. Virendra Kumar has launched the Scheme “SHRESHTA”-Scheme for residential education for students in High school in Targeted Areas. The Scheme for Residential Education for Students in Targeted Areas (SHRESHTA) has been formulated with the objective to provide quality education and opportunities for even the poorest.

Objective of the SHRESHTA Scheme:

• Scheduled Caste students, as per the Constitutional mandate. The students from the Scheduled Caste communities, for long been subjects to inequality, were kept out of quality education and a situation that perpetuates the disadvantages carried forward for generations of lack of adequate education.
• The Governmental efforts to spread educational facilities without discrimination have worked well in achieving near universal access. However, the objective of providing access to quality education that provides a level playing field is still far from reality.
• Accordingly, the Department as a new initiative has introduced the scheme for providing quality education in top class private Residential Schools to the meritorious SC students who cannot afford the fee of such schools.

About the SHRESHTA Scheme:

• Scheme for Residential Education for Students in High Schools in Targeted Areas (SHRESHTA) provides for high quality education for meritorious but poor SC students in CBSE-affiliated reputed residential schools across the country.
• Approximately 3,000 seats are providedeach year for admission in class 9th and 11th and the entire cost of the school fee and residentialcharges are borne by the Department.
• The students, belonging to Scheduled Castes, studying in class 8th and 10th in the current academicyear are eligible for availing the benefits of scheme are selected through a transparent mechanism through a National Entrance Test for SHRESHTA (NETS), which is conducted by the National Testing Agency (NTA) for admission in class 9th and 11th.
• Students belonging to marginalized income group within the SC community, whose parental annual income is upto Rs.2.5 Lakh are eligible. Successful candidates, after following the e-counselling process, are given admission in the school of their choice anywhere in the Country for their academic persuasion.
• The Department shall bear the total cost of the school fee and hostel charges till completion of their academic upto class 12th. There after the students of the scheme may avail benefits of other schemes of the Department fortheir higher education.