Mastercard CEO Michael Miebach Joins USISPF Board Of Directors

27 June 2023
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Mastercard CEO Michael Miebach Joins USISPF Board Of Directors

Why in news?

Mastercard CEO Michael Miebach has joined the board of directors of the US-India Strategic and Partnership Forum (USISPF). Observing that USISPF is a critical forum for business and government leaders to come together and drive the next phase of growth in the US-India partnership, Miebach said he believes the relationship between the two countries will define the future of the global economy and shape their ability to tackle the most pressing global challenges together. This strategic alliance aims to foster collaborations in various sectors and promote the growth and development of both economies.

By joining forces, both countries aim to drive innovation, promote digital transformation, and address global challenges. With Mastercard's exemplary work in advancing the global digital economy and its alignment with India's digital vision, this strategic partnership holds great promise for shaping the future of both nations.

About Miebach

• Miebach, a Master of Business Administration from the University of Passau in Germany, joined Mastercard in 2010 to lead its Middle East and Africa operations.
• He is a member of The Business Roundtable, The Business Council, the US-India CEO Forum, the International Advisory Panel of the Monetary Authority of Singapore, and The International Business Council of the World Economic Forum.

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About the USISPF

The US-India Strategic Partnership Forum (USISPF) is committed to creating the most powerful strategic partnership between the U.S. and India. Promoting bilateral trade is an important part of our work, but our mission reaches far beyond this. It is about business and government coming together in new ways to create meaningful opportunities that have the power to change the lives of citizens. We are entering a new era based on a strategic partnership between the U.S. and India – one where we will work closely together with business and government leaders to achieve our goals of driving economic growth, job creation, innovation, inclusion, and entrepreneurship.

Kyriakos Mitsotakis sworn in as Greek Prime Minister

27 June 2023
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Kyriakos Mitsotakis sworn in as Greek Prime Minister

Introduction

Kyriakos Mitsotakis, leader of the centre-right New Democracy party, has been sworn in as the prime minister of Greece for a second term following a resounding election victory. Mitsotakis has outlined his plans to rebuild Greece's credit rating, create jobs, raise wages, and boost state revenues. His party secured 158 seats in the 300-seat parliament, surpassing the leftist Syriza party, which governed Greece from2015-2019 during the country's economic crisis.

Rebuilding the Credit Rating and Economic Reforms

Mitsotakis has committed to implement significant changes during his second term to address Greece's pressing needs. One of his key priorities is to rebuild the country's credit rating, which suffered greatly during the debt crisis. He aims to achieve this through a series of reforms focused on improving the business environment and the health of the banking sector. Moody's, a prominent ratings agency, has viewed New Democracy's victory as credit-positive, ensuring continuity in fiscal and economic policies.

Job Creation and Wage Increase

To stimulate economic growth and alleviate unemployment, Mitsotakis plans to prioritize job creation. He aims to boost revenue from Greece's vital tourism industry, which plays a significant role in the country's economy. Additionally, he seeks to raise wages to approach the European Union average, providing better standards of living for Greek citizens.

Debt Reduction and Financial Outlook

Moody's Senior Vice President, Steffen Dyck, forecasts that Greece will experience one of the largest debt reductions globally. The general government debt burden is expected to decline to less than 150% of GDP by 2025, down from 171.3% at the end of 2022. This positive trajectory is anticipated to enhance Greece's financial stability and restore investor confidence in the country's economy.

Cabinet Appointments

Kostis Hatzidakis, Vice President of New Democracy and former labor and energy minister, is expected to be appointed as the finance minister. Hatzidakis oversaw the restructuring of Greece's largest power utility during the previous government. Nikos Dendias, who served as foreign minister in the previous administration, is likely to be appointed as the defense minister. The foreign ministry portfolio is expected to be assigned to George Gerapetritis, a senior aide to Mitsotakis who previously held the positions of state minister and temporarily took over the transport ministry after a train crash.

Addressing Voter Concerns

While the COVID-19 pandemic and a recent rail crash exposed weaknesses in Greece's health and public transport systems, voters have expressed greater concerns about soaring prices and economic hardships. Mitsotakis aims to address these concerns and implement measures to improve the affected sectors, ensuring better services and increased affordability for the Greek population.

Important takeaways for competitive examination

• President of Greece is Katerina Sakellaropoulou
• Katerina Sakellaropoulou was a former banker
• Currency of Greece is Euro

8th Global Pharmaceutical Quality Summit 2023 Concludes in Mumbai

27 June 2023
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8th Global Pharmaceutical Quality Summit 2023 Concludes in Mumbai

Why in the News?

The 8th Global Pharmaceutical Quality Summit 2023 held in Mumbai garnered attention due to the presence of Dr. Mansukh Mandaviya, Union Minister for Chemicals and Fertilisers and Health & Family Welfare. His address highlighted India's significant role as a global pharmacy during the COVID-19 pandemic and emphasized the importance of quality, research and development, and innovation in the pharmaceutical industry.

Theme:

The theme of the 8th Global Pharmaceutical Quality Summit 2023 was "Patient Centricity: New Paradigm of Manufacturing and Quality." This theme aimed to explore innovative approaches to manufacturing and quality assurance in order to prioritize patient needs and enhance the overall healthcare experience.

Key Points:

1. India's Role as a Global Pharmacy: Dr. Mandaviya emphasized that India played a crucial role as the "pharmacy for the world" during the COVID-19 pandemic by ensuring a continuous supply of quality medicines and vaccines to various countries. He highlighted India's ability to develop and deliver vaccines to 150 countries without any complaints regarding their quality.

2. Indian Pharmaceutical Industry's Success: The Health Minister acknowledged the Indian pharmaceutical industry's achievements in terms of both quality and quantity. He stressed the importance of leveraging India's brand power and manpower to capitalize on the global demand for medicines and vaccines.

3. Opportunities for Manufacturing and Innovation: Dr. Mandaviya urged the industry to seize the unique opportunity presented by the world's demand for Indian pharmaceutical products. He emphasized the need for quality, research and development, and innovation to meet the evolving healthcare challenges and maintain India's global leadership in the pharmaceutical sector.

Indian Economic Trade Organization appoints Nutan Roongta as Director of USA East Coast

27 June 2023
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Indian Economic Trade Organization appoints Nutan Roongta as Director of USA East Coast

Why in news?

The Indian Economic Trade Organization (IETO) has recently announced the appointment of Nutan Roongta as the Director of the USA East Coast Chapter. This significant development highlights IETO's commitment to expanding its presence and promoting bilateral trade and economic cooperation between India and the United States. As the Director of the USA East Coast Chapter, Nutan Roongta will play a pivotal role in leading and coordinating the organization's activities across this vital region. With her extensive experience and expertise in international trade and business development, she is well-equipped to spearhead IETO's efforts to enhance commercial ties between the two nations.

All about the IETO 

IETO is a renowned organization dedicated to fostering economic growth, facilitating business partnerships, and promoting investment opportunities between India and its global counterparts. Establishing USA East Coast Chapter is a strategic move that reflects IETO's commitment to strengthening bilateral trade and economic cooperation with the United States, one of India's key trading partners.

IETO aims to facilitate greater market access for Indian businesses in the United States, while also attracting American companies to explore investment opportunities in India. By leveraging on existing expertise and the Indian diaspora IETO, will work towards removing trade barriers, identifying potential sectors for collaboration, and promoting cross-border partnerships that create a win-win situation for both nations.

Important takeaways for all competitive exams: 

• IETO Headquarters: Bengaluru;
• IETO Founded: 2013.

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Daily Current Affairs and News Headlines of 27th June 2023

27 June 2023
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Daily Current Affairs and News Headlines of 27th June 2023

Current Affairs 2023 are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily Current Affairs 2023 is the complete bag of important news that is held all day long. One should have complete knowledge of banking terms, current affairs news, etc. So, here is the GK update for 27 June 2023 to help you prepare the Current Affairs 2023 part. After reading this section, you can successfully attempt Current Affairs Quiz.

Here is the 27 June Current Affairs 2023 covering the news headlines on Nandi portal, Greek Prime Minister, S&P Retains India's Growth Projection, Nutan Roongta, DBS Bank India.

Top 11 Daily Current Affairs: National & International News:

Here is providing below the top 11 important 27 June 2023 news headlines in english  updates with national & international news.

National News

1. Govt launches Nandi portal to grant NOC for veterinary drugs, vaccines

• The Ministry of Fisheries, Animal Husbandry, and Dairying has taken a significant step towards streamlining the regulatory approval process for veterinary drugs and vaccines with the launch of the Nandi portal.
• The portal aims to timely process applications and grant non-objection certifications (NOC) for these essential products.
• With the increasing demand for veterinary products, especially due to the ongoing livestock vaccination drive, the Nandi portal will play a crucial role in expediting the approval process.

International News

2. Kyriakos Mitsotakis sworn in as Greek Prime Minister

• Kyriakos Mitsotakis, leader of the centre-right New Democracy party, has been sworn in as the prime minister of Greece for a second term following a resounding election victory.
• Mitsotakis has outlined his plans to rebuild Greece's credit rating, create jobs, raise wages, and boost state revenues. His party secured 158 seats in the 300-seat parliament, surpassing the leftist Syriza party, which governed Greece from2015-2019 during the country's economic crisis.

Economy News

3. S&P Retains India's Growth Projection at 6% for FY24; Fastest Growing Economy in Asia Pacific

• S&P Global Ratings, a leading credit rating agency, has retained India's GDP growth projection at six percent for the fiscal year 2023-2024.
• This forecast positions India as the fastest growing economy among the Asia Pacific nations. The rating agency's decision to maintain the growth outlook is based on the country's domestic resilience.

Appointment News

4. Indian Economic Trade Organization appoints Nutan Roongta as Director of USA East Coast

• The Indian Economic Trade Organization (IETO) has recently announced the appointment of Nutan Roongta as the Director of the USA East Coast Chapter. This significant development highlights IETO's commitment to expanding its presence and promoting bilateral trade and economic cooperation between India and the United States.
• As the Director of the USA East Coast Chapter, Nutan Roongta will play a pivotal role in leading and coordinating the organization's activities across this vital region.
• With her extensive experience and expertise in international trade and business development, she is well-equipped to spearhead IETO's efforts to enhance commercial ties between the two nations.

5. Mastercard CEO Michael Miebach Joins USISPF Board Of Directors

• Mastercard CEO Michael Miebach has joined the board of directors of the US-India Strategic and Partnership Forum (USISPF).
• Observing that USISPF is a critical forum for business and government leaders to come together and drive the next phase of growth in the US-India partnership, Miebach said he believes the relationship between the two countries will define the future of the global economy and shape their ability to tackle the most pressing global challenges together.
• This strategic alliance aims to foster collaborations in various sectors and promote the growth and development of both economies.

6. DBS Bank India appoints Rajat Verma as Managing Director

• DBS Bank India has appointed Rajat Verma as managing director and head of institutional banking in India. The current head of institutional banking Niraj Mittal has recently moved to a new role as country head of DBS Bank in Australia.
• The bank said Mittal will focus on growing the DBS franchise there, including improving linkages with South-East Asia and South Asia.

 Ranks & Reports News

7. Times Asia Rankings 2023: IISc Tops Among Indian Universities

• In the recently released Asia University Rankings 2023 by Times Higher Education (THE), the Indian Institute of Science (IISc) has emerged as the leading university in India. The rankings highlight the performance and reputation of universities across Asia.
• India has made a notable presence in the rankings, with a total of 18 universities featured among the top 200 in Asia. These institutions showcase the growing prominence of Indian higher education on the global stage.

Summits and Conferences News

8. 8th Global Pharmaceutical Quality Summit 2023 Concludes in Mumbai

• The 8th Global Pharmaceutical Quality Summit 2023 held in Mumbai garnered attention due to the presence of Dr. Mansukh Mandaviya, Union Minister for Chemicals and Fertilisers and Health & Family Welfare.
• His address highlighted India's significant role as a global pharmacy during the COVID-19 pandemic and emphasized the importance of quality, research and development, and innovation in the pharmaceutical industry.

 Important Days News

9. World MSME Day 2023: Date, Theme, Significance and History

• International  Micro, Small, and Medium Enterprises (MSME) Day or World MSME Day is observed every year on 27th June all over the world to highlight the significance of MSMEs and how they play a crucial role in being the backbone of the country’s economy.
• The theme MSME Day 2023 in India is “Future-ready MSMEs for India@100." The Global Council for the Promotion of International Trade is also celebrating the day with “Building a Stronger Future Together" theme of this year.

Books and Authors News

10. A book titled 'The Yoga Sutra for Children' by Roopa Pai

• After her award-winning bestselling book 'The Gita for Children', author Roopa Pai's upcoming children's book will unravel the secrets of Patanjali's 2,000-year-old text on Yoga.
• 'The Yoga Sutras for Children', published by Hachette India, aims to connect and relate the practice of Yoga to children's everyday lives and helps them use their mind power to bring out the best in themselves.

Obituaries News

11. Rajya Sabha MP Hardwar Dubey passes away

• The Bharatiya Janata Party (BJP) senior leader and Rajya Sabha member from Uttar Pradesh Hardwar Dubey passed away. He was a sitting MP elected to the Rajya Sabha in November 2020.
• The late Dubey, 74, was also elected as a member of Uttar Pradesh Legislative Assembly from Agra Cantonment assembly segment in 1990s and served as a minister in the Kalyan Singh ministry in 1991.
• The late Dubey, who was closely associated with the Sangh parivaar and its affiliate Akhil Bharatiya Vidyarthi Parishad (ABVP) was made state spokesperson and vice-president of the BJP in 2011 and 2013 respectively, before being elevated as a Rajya Sabha member.

Important Current Affairs of 27th June 2023

Get all the International, National, Sports, Economy, latest schemes and appointments and current affairs updates with Adda247 Headlines of the day. Adda247 headlines of the day brings you the best accumulation of the daily updates. Stay updated with us!

Rajya Sabha MP Hardwar Dubey passes away

27 June 2023
-------------------------------
Rajya Sabha MP Hardwar Dubey passes away

The Bharatiya Janata Party (BJP) senior leader and Rajya Sabha member from Uttar Pradesh Hardwar Dubey passed away. He was a sitting MP elected to the Rajya Sabha in November 2020. The late Dubey, 74, was also elected as a member of Uttar Pradesh Legislative Assembly from Agra Cantonment assembly segment in 1990s and served as a minister in the Kalyan Singh ministry in 1991. The late Dubey, who was closely associated with the Sangh parivaar and its affiliate Akhil Bharatiya Vidyarthi Parishad (ABVP) was made state spokesperson and vice-president of the BJP in 2011 and 2013 respectively, before being elevated as a Rajya Sabha member.

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Environment Ministry gives final nod to 'Kalaignar Pen Monument'

27 June 2023
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Environment Ministry gives final nod to 'Kalaignar Pen Monument'

Introduction

The Tamil Nadu state government's proposal to construct the Kalaignar Pen Monument at Chennai's Marina Beach has received Coastal Regulation Zone (CRZ) clearance from the Union Ministry of Environment, Forest and Climate Change (MoEFCC). The clearance comes with certain conditions that need to be met to ensure the protection of the marine ecosystem and wildlife.

Background

The CRZ clearance was granted based on recommendations from the Expert Appraisal Committee (CRZ) and the Tamil Nadu Coastal Zone Management Authority. The Ministry reserves the right to revoke or suspend the clearance if the conditions are not satisfactorily implemented. The project's environmental statement must be submitted annually to the Tamil Nadu Pollution Control Board, and compliance with the conditions should be uploaded on the Public Works Department (PWD) website.

Structure Details

• The pen monument will be dedicated to M. Karunanidhi and will be constructed as a tribute to his legacy.
• The design of the monument draws inspiration from the Veena, a traditional Carnatic musical instrument handmade in Tamil Nadu.
• The monument will stand at a height of 30 meters and cover an area of 8,551 sq.m.
• It will include a pen pedestal, a lattice bridge above the beach, and a land and pedestrian pathway extending over the sea.
• The bridge will be 7 meters wide, with a length of 290 meters over land and 360 meters over the sea.
• Chennai-based Hubert Enviro Care Systems has been appointed as the infrastructure and environmental consultant for the project.
• The PWD (Public Works Department) will prepare a detailed project report based on the Ministry's approval for the execution of the project.

Conditions Set by the Environment Ministry

The Environment Ministry has outlined 15 conditions that must be adhered to during the construction and maintenance of the Kalaignar Pen Monument. These conditions include obtaining a No Objection Certificate from the Naval office in Adyar, conducting erosion and accretion studies, and preventing the dumping of construction debris in water bodies or adjacent areas.

Imortant takeaways for competitive examinations

• Muthuvel Karunanidhi was an Indian writer and politician who served as Chief Minister of Tamil Nadu for almost two decades over five terms between 1969 and 2011.
• Union Minister for Environment, Forest and Climate Change is Shri Bhupender Yadav.
• MK Stalin is the current Chief Minister of Tamil Nadu.

Beautiful Artworks

"Seeking to have a life that is sinless and hope that is endless!"

 Seeking to have a life that is sinless and hope that is endless!"

(Based on 2 Cor 3:4-11 and Mt 5:17-19 - Wednesday of the 10th Week in Ordinary Time, Year 1)

Here is an interesting read....

First dentistry became painless;

Then bicycles chainless

The latest steel rustless,

And probably laws, enforceless.

Next, cookery became fireless,

Telegraphy wireless,

Cigars nicotineless

And tennis courts, grassless

Soon oranges were seedless,

The proper diet, fatless,

The motor roads dustless,

And coffee, caffeineless.

Our times are such that there are many advancements made as a result of great technology.

However a danger has also appeared in rendering things to be made "­­­____less"

Our prayers seem to be devotionless

Charity heartless

Preaching depthless

And religiosity, faithless!

While it's wonderful to allow technology and modern techniques to make our life 'easier and relaxing'...

... it's a grave danger to allow the same "relaxing and easing" tendency to overpower our spiritual endeavours!

The Gospel of the day is a warning by the Lord to be wary of this inclination to "relax" and "loosen" things which are pertaining to God and thus be exposed to the risk of being "lowered" in the eyes of God.

"Whoever then relaxes one of the least of these commandments and teaches men so, shall be called least in the kingdom of heaven... “(Mt 5: 19)

The Lord addresses Himself as the fulfillment of the Law and the Prophets (Mt 5:18)

God, in the Old Testament, while delivering the commandments to the people of Israel...

... had strictly enjoined on them to keep His decrees and laws close to their hearts and to follow them carefully:

"But take care, as you value your lives! Do not forget the things which you yourselves have seen, or let them slip from your heart as long as you live; teach them, rather, to your children and to your children's children." (Dt 4:9)

But as time passed on and generations went by, the intensity in the following of these commandments drastically reduced.

>> The laws began to lose their original spirit and motive.

>> The instructions of the Lord were abandoned for their spiritual value

>> The commandments began to be followed more from a social perspective

There began a "loosing" and "relaxing" of the commandments and the laws of the Lord!

The Greek word for "relaxing", that Jesus speaks of in referring to the commandments of God is a word - "luo".

This word "luo" can imply different meanings:

>> It could be to break up or to demolish or to destroy that which is bound up firmly.

>> It could be the loosening of the bond of matrimony between a husband and wife

>> It could be to loosen any person or thing that is tied or fastened to something

>> It could be the undoing or dissolving of anything or any thought or idea.

>> It could be to annul or subvert something especially laws or authority.

This "luo" is a grave danger to which all of us are also exposed to...

>> The danger to allow lethargy to troop in, in the name of "easiness"

>> The danger to allow lukewarmness to creep in, in the name of "convenience"

>> The danger to allow sluggishness to dominate, in the name of "broadmindedness"

The Lord today invites us to examine and probe into areas of our life that needs a real "tightening" and "intensification"

Has my prayer life become relaxed and casual...

>> Can I "tighten" it up, to grow in deeper communion with the Lord?

Has my participation in the Holy Eucharist become too monotonous and more "ritualistic"...

>> Can I "intensify" my preparation and participation in this most sacred act of the world?

Has my reading of the Word of God taken a backseat or lost its significance in my daily life...

>> Can I "tighten" it up, in order to draw strength from the mighty sword of God's Word?

Has my relationship with my fellow people and the needy ones, devoid charity and kindness...

>> Can I "intensify" with a truer interest in their concerns and making a difference in their lives?

Let us seek to have and live...

A life that is sinless...

A faith that is fearless...

An enthusiasm that is limitless...

A joy that is deceitless...

And a hope that is endless!

God Bless! Live Jesus!

NATO launches Arctic exercises, pledges protection of Finland

03 June 2023
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NATO launches Arctic exercises, pledges protection of Finland

The North Atlantic Treaty Organization (NATO) countries have kicked off military exercises with a pledge to defend their newest member, Finland, which is hosting its first joint training in the Arctic region since becoming part of the Western alliance in April. Nearly 1,000 allied forces from Norway, the United Kingdom and the United States – as well as NATO applicant Sweden – joined approximately 6,500 Finnish troops and some 1,000 vehicles for exercises this week, which mark Finland’s biggest modern-time land-force drill above the Arctic Circle.

Overseeing NATO exercises just a two-hour drive from the Russian border at one of Europe’s largest artillery training grounds in Rovajarvi, northern Finland, US Army Major-General Gregory Anderson from the 10th Mountain Division said his country stood ready to defend Finland.Some 150 aircraft from 14 NATO members and partner countries are also participating in Arctic Challenge 2023 exercises, according to NATO Air Command.

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The addition of Finland to the NATO bloc has more than doubled the length of the border the military alliance shares with Russia amid increasing tension between Moscow and the West following Russia’s full-scale invasion of Ukraine in February 2022. Sweden is Finland’s closest military partner and it was Russia’s invasion of Ukraine that convinced Sweden and Finland last year to ditch long-held policies of military non-alignment and seek the security of NATO’s collective defence commitment.

Finland formally joined NATO on April 4, drawing a threat from Moscow of “counter-measures”. Sweden hopes to be a NATO member by the time of the alliance’s summit in Vilnius, Lithuania in July.

Important takeaways for all competitive exams:

• NATO Founded: 4 April 1949, Washington, D.C., United States;
• NATO Headquarters: Brussels, Belgium.

India, Vietnam hold 3rd Maritime Security Dialogue in New Delhi

03 June 2023
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India, Vietnam hold 3rd Maritime Security Dialogue in New Delhi

India and Vietnam recently held the 3rd Maritime Security Dialogue in New Delhi, underscoring their commitment to sustaining a secure maritime environment amidst growing Chinese aggression in the region. The dialogue brought together senior officials from both countries, focusing on reinforcing regional and international mechanisms to enhance comprehensive maritime security. This article explores the significance of the maritime security dialogue and the various aspects that make maritime cooperation between India and Vietnam crucial.

Addressing Regional Concerns

China's assertive actions in the South China Sea have raised concerns among neighboring countries, including India and Vietnam. Both nations are directly affected by China's territorial claims and activities. Maritime cooperation enables them to collaborate, strengthen their positions, and collectively address disputes while upholding international law. By joining forces, India and Vietnam aim to counterbalance Chinese influence and maintain stability, security, freedom of navigation, and a rules-based order in the Indo-Pacific region.

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Strengthening Strategic Partnership

Maritime cooperation between India and Vietnam serves as a cornerstone for their strategic partnership. It fosters shared interests and objectives, contributing to regional stability, economic growth, energy security, and the safeguarding of maritime interests. By engaging in comprehensive maritime security initiatives, the two countries deepen their bilateral ties and enhance their broader engagement in the Indo-Pacific region.

Maintaining Maritime Domain Awareness

Collaborative efforts in maritime surveillance, intelligence sharing, and joint patrolling bolster the maritime domain awareness of both India and Vietnam. This heightened awareness enables them to combat illicit activities such as illegal fishing, territorial encroachments, and expansion of military presence. Additionally, it strengthens their ability to counter common security threats like terrorism and piracy. Through information sharing, joint exercises, and capacity building, the two countries enhance their preparedness and responsiveness in safeguarding their maritime interests.

Energy Security

Maritime cooperation opens avenues for joint exploration and development of offshore energy resources. By leveraging their combined efforts, India and Vietnam enhance their energy security and reduce dependence on external sources. Cooperation in this domain contributes to sustainable development and mitigates the risks associated with energy supply vulnerabilities.

Economic Connectivity

In light of China's Belt and Road Initiative (BRI), India and Vietnam can utilize their maritime cooperation to develop alternative economic corridors and connectivity projects. By offering viable alternatives to the BRI, the two countries can enhance regional economic integration, diversify trade routes, and reduce dependency on China's infrastructure initiatives. Maritime cooperation not only facilitates trade facilitation and economic growth but also fosters connectivity and promotes the development of maritime infrastructure.

RBI Launches '100 Days 100 Pays' Campaign to Settle Unclaimed Deposits

03 June 2023
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RBI Launches '100 Days 100 Pays' Campaign to Settle Unclaimed Deposits

The Reserve Bank of India (RBI) has recently initiated the '100 Days 100 Pays' campaign, aimed at tracing and settling the top 100 unclaimed deposits of every bank in every district within a span of 100 days. This campaign is part of the RBI's ongoing efforts to reduce the quantum of unclaimed deposits in the banking system and ensure their rightful return to owners or claimants. With the launch of this campaign, the RBI hopes to bring attention to the issue of unclaimed deposits and facilitate their resolution.

Understanding Unclaimed Deposits

Unclaimed deposits refer to funds that have remained untouched or inactive for a period of ten years or longer. When such deposits exhibit no activity, banks transfer the funds to the "Depositor Education and Awareness" (DEA) Fund, which is maintained by the RBI. However, depositors retain the right to claim their deposits, along with applicable interest, from the bank(s) where these deposits were held, even after they have been transferred to the DEA Fund.

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Reasons for Accumulation of Unclaimed Deposits

The accumulation of unclaimed deposits primarily occurs due to several reasons. One common reason is the non-closure of savings or current accounts that depositors no longer intend to operate. Additionally, depositors may fail to submit redemption claims for matured fixed deposits, leading to the transfer of funds to the DEA Fund. There are also instances where deposits belong to deceased individuals, and their nominees or legal heirs do not come forward to make a claim on the respective bank(s).

Magnitude of Unclaimed Deposits

As of February 2023, the total amount of unclaimed deposits transferred to the RBI by public sector banks (PSBs) reached Rs 35,012 crore. Among the PSBs, the State Bank of India (SBI) holds the highest value of unclaimed deposits, amounting to Rs 8,086 crore, followed by Punjab National Bank with Rs 5,340 crore, Canara Bank with Rs 4,558 crore, and Bank of Baroda with Rs 3,904 crore.

Process to Claim Deposits

To facilitate the claiming process, every bank is required to display details of unclaimed accounts on their websites, including identifiable information. Upon reviewing these details on the bank's website, customers can visit the respective bank branch with a completed claim form, deposit receipts, and relevant Know Your Customer (KYC) documents to initiate the process of reclaiming their money.

RBI's Initiatives

In addition to the '100 Days 100 Pays' campaign, the RBI has announced the establishment of a centralized web portal designed for the public to search for unclaimed deposits across multiple banks. The RBI plans to enhance search results using artificial intelligence (AI) tools, thereby improving access to deposit-related information for claimants or beneficiaries. This web portal will eliminate the need for bank customers to navigate multiple bank websites, enabling them to locate their unclaimed deposits at a single point.

Implications and Expert Insights

Industry experts, such as Sanchit Garg, Co-founder and CEO at GLC Wealth Advisor LLP, believe that the RBI's initiatives will significantly reduce the number of unclaimed cases and grant access to old unclaimed funds for millions of deposit holders across the country. These initiatives also raise awareness among bank account holders about the importance of tracking their money and maintaining updated nomination and KYC details. While initial challenges in terms of human resource constraints may arise for bank branches, following the directives diligently will streamline the process for future claimants.

GOBARdhan' Scheme: Govt launches unified registration portal for biogas projects

03 June 2023

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'GOBARdhan' Scheme: Govt launches unified registration portal for biogas projects

Why the scheme is news?

The "GOBARdhan" scheme launched by the Government of India is in the news for its unified registration portal, which acts as a one-stop repository for assessing investment and participation in the biogas/CBG (Compressed Biogas) sector. The scheme aims to convert organic waste, such as cattle dung and agricultural residue, into biogas, CBG, and bio-fertilizers, thus promoting a circular economy and waste-to-wealth generation.

Here are the details about the scheme:

Introduction: The GOBARdhan scheme is an umbrella initiative of the Government of India, focused on converting waste into wealth. It aims to build a robust ecosystem for setting up biogas/CBG/Bio-CNG plants, driving sustainable economic growth and promoting a circular economy.

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Implementing Agency:

The Department of Drinking Water and Sanitation (DDWS), under the Ministry of Jal Shakti, is the nodal department for implementing the GOBARdhan scheme.

Unified Registration Portal

The recently launched portal serves as a centralized platform for registering and obtaining a unique registration number for biogas/CBG projects in India. Government, cooperative, and private entities intending to set up biogas/CBG/Bio-CNG plants can enroll on this portal to avail themselves of various benefits and support from the Ministries and Departments of the Government of India.

Objective and Features

The primary objective of the GOBARdhan scheme is to generate wealth and energy by utilizing organic waste. The scheme encompasses various programs and initiatives under different Ministries and Departments, such as the Waste to Energy Scheme, SATAT scheme, SBM(G) Phase II, Agri Infrastructure Fund, and Animal Husbandry Infrastructure Development Fund, among others. The scheme aims to contribute to India's climate action goals, provide energy security, enhance entrepreneurship, create rural employment, improve health outcomes, and promote sustainable development.

Impact and Benefits

The GOBARdhan scheme has already resulted in the establishment of over 650 GOBARdhan plants. The unified registration portal is expected to streamline the process of setting up CBG/Biogas plants in India and attract greater investment from private players. The scheme's implementation will contribute to the reduction of emissions, provide clean energy, enhance sanitation and hygiene in rural areas, create job opportunities, and align with the Sustainable Development Goals.

Challenges and the Way Forward

The specific challenges and future plans for the GOBARdhan scheme are not mentioned in the provided information.

Vision

The scheme aligns with the government's vision of achieving a circular economy, waste-to-wealth generation, and net-zero emissions by 2070. It aims to promote sustainable development, improve health and well-being, provide clean water and sanitation, and ensure affordable and clean energy.

WMO gets Celeste Saulo as its 1st female Secretary-General

03 June 2023

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WMO gets Celeste Saulo as its 1st female Secretary-General

WMO gets Celeste Saulo as its 1st female Secretary-General

Celeste Saulo of Argentina has been appointed as the first female Secretary-General of the World Meteorological Organization (WMO). Saulo won a landslide vote at the UN Climate and weather agency's Congress in Geneva. Saulo has served as the director of Argentina’s National Meteorological Service since 2014.

The leadership election of the World Meteorological Congress takes place every four years. The agency plays a key role in coordinating international meteorological work. It relies on satellites and thousands of weather stations to measure key parameters of the atmosphere, land and ocean.

About the World Meteorological Organization (WMO):

The World Meteorological Organization (WMO) is a specialized agency of the United Nations (UN) responsible for international cooperation in the field of meteorology (weather and climate), operational hydrology and related geophysical sciences. The WMO was founded in 1950 and has 193 Member States. Its headquarters are in Geneva, Switzerland.

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The WMO's main goals are to:

Provide a framework for international cooperation in meteorology, operational hydrology and related geophysical sciences;

Promote the establishment of networks for the observation of the Earth's atmosphere, oceans and land surface;

Facilitate the exchange of meteorological and hydrological data and products;

Provide technical assistance to developing countries;

Promote the application of meteorology, operational hydrology and related geophysical sciences to the benefit of humanity.

India’s first deluxe train, Deccan Queen completes 93 years of service

03 June 2023
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India’s first deluxe train, Deccan Queen completes 93 years of service

India’s first deluxe train, Deccan Queen completes 93 years of service

India's first deluxe train, the iconic Deccan Queen, recently celebrated its 93rd anniversary of operations between Pune and Mumbai. Its inaugural journey on June 1, 1930 marked a significant moment in the history of the Great Indian Peninsula (GIP) Railway, the predecessor of Central Railways. Deccan Queen was introduced to serve the two important cities of Mumbai and Pune, taking its name from the latter, which was also known as the Queen of Deccan.

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Deccan Queen completes 93 years of service: Key Points

• Over the years, the train has undergone numerous transformations, but it continues to be cherished by rail enthusiasts.
• The occasion was marked with festivities at the Pune railway station, where garlands adorned the train and a rangoli displayed at the entrance of the platform.
• The train has been fitted with a new Linke Hofmann Busch (LHB) rake since last year, which is believed to be more secure, comfortable, and have a higher carrying capacity, speed potential and better safety features.
• Deccan Queen is the only train in the country with a dining car, which caters to 32 passengers and offers table service. It also boasts modern pantry facilities such as a microwave, deep freezer, and toaster, along with cushioned chairs and a furnished dining car.
• Chandrakant Patil, Maharashtra's minister, praised Deccan Queen, which started as a medium of transportation and over time, an institution that has bound a generation of loyal passengers.

About Deccan Queen:

• The train initially had two rakes of seven coaches each, with one painted in silver with scarlet mouldings and the other in royal blue with golden lines.
• The original rakes were built in England for their under frames while the GIP railway's Matunga workshop built the coach bodies.
• When it first started, Deccan Queen had only a first and second class.
• However, the former was eventually discontinued on January 1, 1949, and the latter rebranded as the first class.
• The second class remained for several years until a third class was introduced, marking a change to the original rakes in 1966 with the replacement of steel coaches from the Perambur coach factory.
• The new coaches had better riding comfort and further improvements in interior furnishings and features.

Prime Minister's National Relief Fund (PMNRF): Empowering India in Times of Crisis

03 June 2023
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Prime Minister's National Relief Fund (PMNRF): Empowering India in Times of Crisis

Why the Scheme is in News?

The victims of a train accident in Odisha will receive financial assistance from the Prime Minister's National Relief Fund (PMNRF), as stated by Prime Minister Shri Narendra Modi.

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Introduction:

The Prime Minister's National Relief Fund (PMNRF) stands as a beacon of hope and assistance for the people of India in times of national emergencies and calamities. Established in 1948, the PMNRF serves as a robust platform to mobilize resources and provide immediate relief to those affected by natural disasters, accidents, and other unforeseen tragedies. This article delves into the significance, structure, and impact of the PMNRF, shedding light on its noble mission of aiding and uplifting the nation.

About Prime Minister's National Relief Fund (PMNRF):

The Prime Minister's National Relief Fund (PMNRF) is a crucial initiative undertaken by the government of India to provide financial assistance and relief to individuals and families facing distressful situations. Established in 1948, the PMNRF has played a pivotal role in extending support during natural disasters, medical emergencies, and other calamities. This article aims to shed light on the benefits and beneficiaries of the PMNRF, highlighting its significance in assisting those in need.

PMNRF: A Historical Overview

Following the partition of India in 1947, the country was grappling with an influx of refugees, widespread displacement, and the urgent need for rehabilitation. It was during this period that the then Prime Minister, Jawaharlal Nehru, recognized the necessity of establishing a fund to address the immediate and long-term needs of those affected. Consequently, the PMNRF was instituted to provide assistance during times of distress and play a pivotal role in the nation's recovery.

PMNRF: The Objectives and Structure

The primary objective of the PMNRF is to extend immediate financial aid to individuals and families affected by natural disasters such as floods, earthquakes, cyclones, and droughts. Additionally, it extends support to victims of major accidents, including industrial mishaps and terrorist attacks. The fund operates under the guidance and supervision of the Prime Minister and a select group of eminent citizens as trustees.

Benefits of PMNRF

The PMNRF offers several benefits to individuals and communities in distress, ensuring that they receive timely assistance and relief. Some of the key benefits of PMNRF include:

1. Financial Aid during Natural Disasters: One of the primary purposes of the PMNRF is to provide immediate financial aid to the victims of natural disasters. Be it floods, earthquakes, cyclones, or any other calamity, the fund is readily available to support rescue and relief operations. The financial assistance is directed towards meeting immediate needs, such as food, clothing, shelter, and medical aid for the affected individuals and families.
2. Medical Assistance: The PMNRF extends support to individuals requiring medical treatment but lacking the necessary financial resources. It covers expenses related to surgeries, specialized treatments, organ transplants, and other critical healthcare needs. This provision ensures that individuals can access proper medical care and treatment, alleviating their suffering and improving their chances of recovery.
3. Educational Support: The fund also aids students from economically weaker sections of society by providing scholarships and financial assistance. This support enables deserving students to pursue their education without financial constraints, empowering them to fulfill their academic aspirations and contribute to the nation's progress.
4. Rehabilitation and Reconstruction: In the aftermath of major disasters, the PMNRF focuses on the rehabilitation and reconstruction of affected areas. It aims to restore normalcy by supporting the rebuilding of infrastructure, providing essential amenities, and assisting in the resettlement of displaced individuals and families. This approach helps affected communities recover and rebuild their lives in a sustainable manner.

Beneficiaries of PMNRF

The PMNRF reaches out to a diverse range of beneficiaries, ensuring that assistance is provided to those most in need. The beneficiaries include:

1. Disaster Victims: The PMNRF extends support to individuals and families affected by natural disasters. This includes victims of floods, earthquakes, cyclones, droughts, and other calamities. By providing immediate financial aid, the fund helps them meet their basic needs and start the process of rebuilding their lives.
2. Patients in Need: Individuals facing severe medical conditions, requiring expensive treatments or surgeries, are among the beneficiaries of the PMNRF. The fund covers medical expenses, ensuring that they receive timely and appropriate healthcare, irrespective of their financial situation.
3. Students from Economically Weaker Sections: The PMNRF supports students from economically weaker sections of society by offering scholarships and financial assistance. This support enables them to pursue their education and realize their potential, breaking the cycle of poverty and creating a more inclusive society.
4. Individuals in Distress: Apart from disaster victims and medical patients, the PMNRF also extends assistance to individuals facing various forms of distress. This may include individuals affected by accidents, communal violence, and other unfortunate circumstances. The fund helps alleviate their suffering by providing financial aid and necessary support.

PMNRF: Funding and Contributions

The PMNRF is primarily funded through voluntary contributions from individuals, organizations, and corporates who wish to contribute towards the welfare of the nation. Donations can be made in the form of cash, cheques, or demand drafts. The fund is exempted from income tax and enjoys a tax deduction status, encouraging a spirit of philanthropy and collective responsibility towards society.

PMNRF: Transparent and Accountable

The PMNRF adheres to a stringent framework of transparency and accountability to ensure that funds are utilized efficiently and effectively. The accounts are audited regularly by reputed chartered accountants and published for public scrutiny. This practice instills trust and confidence among donors, assuring them that their contributions are being put to good use.

Impact and Success Stories

Over the years, the PMNRF has played a pivotal role in providing timely assistance and relief to countless individuals and communities across the nation. From providing medical treatment to those afflicted by severe illnesses to extending support to families of martyrs and victims of natural disasters, the fund has stood as a pillar of support during the most challenging times. The PMNRF has also been instrumental in rehabilitation and reconstruction efforts, helping affected communities rebuild their lives and regain their dignity.

PMNRF: Vision

The Prime Minister's National Relief Fund is a testament to the resilience, compassion, and solidarity of the Indian people. It exemplifies the spirit of coming together during times of crisis and showcases the power of collective action. The PMNRF, with its unwavering commitment to providing immediate relief and support, serves as a shining example of effective governance and social responsibility. As India continues to face various challenges, the PMNRF will undoubtedly remain an invaluable instrument of assistance, embodying the core values of humanity, empathy, and nation-building.

Ghanaian writer and feminist Ama Ata Aidoo passes away at 81

03 June 2023
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Ghanaian writer and feminist Ama Ata Aidoo passes away at 81

Ama Ata Aidoo, the iconic Ghanaian writer whose classics The Dilemma of a Ghost and Changes were taught to children in West African schools for decades, has died aged 81. The death of the playwright and poet who was famous for her feminist ideals was announced on Wednesday in a short statement by her family.

Life of Ama Ata Aidoo

Born in a rural village in central Ghana in 1942, Aidoo's passion for writing emerged at the young age of 15. She pursued her literary interests at the University of Ghana, where she also taught for several years. In 1965, Aidoo achieved a significant milestone by becoming the first African woman to publish a play with her debut work, The Dilemma of a Ghost. This accomplishment marked the beginning of her remarkable journey as one of the most renowned writers on the continent, serving as an inspiration to subsequent generations of authors, artists, and feminists.

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Aidoo's influence extended beyond her literary achievements. From 1982 to 1983, she took on the role of Ghana's education minister, contributing to the development of the country's educational system. Her novel Changes, which explores the challenges faced by an educated woman in a polygamous marriage, earned her the prestigious Commonwealth Writers Prize for Best Book. Through her thought-provoking storytelling, Aidoo addressed complex themes and shed light on the experiences of women in African society.

350th year of Chhatrapati Shivaji Maharaj’s Coronation Day7

03 June 2023
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350th year of Chhatrapati Shivaji Maharaj’s Coronation Day7

350th year of Chhatrapati Shivaji Maharaj’s Coronation Day

Chhatrapati Shivaji, according to Prime Minister Narendra Modi, exemplified bravery, courage, and self-governance, serving as an inspiration to many. In his recent video message commemorating the 350th year of Shivaji Maharaj’s coronation ceremony, Modi lauded Shivaji's coronation, which espoused the principles of Swaraj, and emphasized his role in ending a centuries-long mindset of subservience among India's people.

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Despite the difficulties posed by this deep-rooted mentality, Shivaji Maharaj instilled a belief in self-rule among ordinary citizens, inspiring confidence in the future.

Chhatrapati Shivaji Maharaj’s Coronation Day: Shivaji's Principles

Modi highlighted the paramount importance Shivaji Maharaj placed on unity and integrity when ruling, echoing his dedication to the values of ‘Ek Bharat-Shreshtha Bharat.’ Additionally, Modi praised Shivaji Maharaj's visionary approach towards maritime expansion and management, demonstrated through the numerous forts he built that still stand proudly today.

The Prime Minister credited Shivaji for inspiring the Indian Navy's recent emancipation from its colonial past, noting that the flag of the Indian Navy now bears Shivaji’s emblem instead of those of the British.

Chhatrapati Shivaji Maharaj’s Coronation Day: Shivaji's Dream of India

• Finally, Modi emphasized his commitment to building an India in line with the dreams of Shivaji Maharaj, focused on good governance, self-reliance, and swaraj.
• He called for a collective realization of Shivaji Maharaj's vision, echoing the need to complete the Amrit Kaal's 25-year journey based on Shivaji's values.
• The 350th anniversary of Chhatrapati Shivaji Maharaj's coronation was celebrated at the Raigad fort in Maharashtra.
• The event was attended by state Chief Minister Eknath Shinde and Deputy CM Devendra Fadnavis.

Chhatrapati Shivaji Maharaj’s Coronation Day According to Hindu Calendar

• According to the Gregorian calendar, the Maratha warrior king was crowned on June 6, 1674, at the Raigad fort, which became the foundation of "Hindavi Swaraj" or self-rule of Hindus.
• Meanwhile, according to the Hindu calendar, the anniversary of his coronation falls on June 2 this year.
• Various rituals including 'jalabhishek' were performed by Culture Minister Sudhir Mungantiwar to pay homage to the 17th-century king.
• Furthermore, Shivaji Maharaj's descendants and a state police band also glorified his legacy.
• A helicopter rained flower petals over Shivaji Maharaj's statue in the presence of his descendants.
• The state government has scheduled a week-long event to celebrate the king's coronation anniversary at the fort.

Daily Current Affairs 03rd June 2023

03 June 2023
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Daily Current Affairs 03rd June 2023

Current Affairs 2023 are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily Current Affairs 2023 is the complete bag of 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 03rd June 2023 to help you prepare the Current affairs 2023 part. After reading this section, you can successfully attempt Current Affairs Quiz. 

Here is the Current Affairs 03rd June 2023 covering the following news headlines: Coromandel Express Derails, Celeste Saulo, 100 Days 100 Pays' Campaign, 'GOBARdhan' Scheme, PM-Kisan Scheme.

Top 12 Daily Current Affairs: National & International News:

Here is providing below the top 12 important Daily General Knowledge 2023 updates with national & international news.

   National News

1. Coromandel Express Derails and Collides with Two Other Trains in Odisha

• A devastating train accident occurred in Odisha, resulting in a tragic triple train crash involving Coromandel Express and two other trains. The incident claimed the lives of at least 233 people and left approximately 900 injured.
• The details surrounding the cause of the Coromandel Express derailment and subsequent collisions are still under investigation. The state government has declared a day of mourning, and rescue operations are underway to aid the victims and their families.

 International News

2. WMO gets Celeste Saulo as its 1st female Secretary-General

• Celeste Saulo of Argentina has been appointed as the first female Secretary-General of the World Meteorological Organization (WMO).
• Saulo won a landslide vote at the UN Climate and weather agency's Congress in Geneva. Saulo has served as the director of Argentina’s National Meteorological Service since 2014.

3. North Korea's First Spy Satellite Launch Ends in Failure

• In a setback for North Korea's space ambitions, the country's first attempt at launching a military spy satellite ended in failure.
• South Korea's military confirmed that wreckage from the carrier rocket was found in its western waters, indicating a failed launch.

 Banking News

4. RBI Launches '100 Days 100 Pays' Campaign to Settle Unclaimed Deposits 

• The Reserve Bank of India (RBI) has recently initiated the '100 Days 100 Pays' campaign, aimed at tracing and settling the top 100 unclaimed deposits of every bank in every district within a span of 100 days.
• This campaign is part of the RBI's ongoing efforts to reduce the quantum of unclaimed deposits in the banking system and ensure their rightful return to owners or claimants. With the launch of this campaign, the RBI hopes to bring attention to the issue of unclaimed deposits and facilitate their resolution.

 Schemes News

5. 'GOBARdhan' Scheme: Govt launches unified registration portal for biogas projects

• The "GOBARdhan" scheme launched by the Government of India is in the news for its unified registration portal, which acts as a one-stop repository for assessing investment and participation in the biogas/CBG (Compressed Biogas) sector.
• The scheme aims to convert organic waste, such as cattle dung and agricultural residue, into biogas, CBG, and bio-fertilizers, thus promoting a circular economy and waste-to-wealth generation.

6. PM-Kisan Scheme: Empowering Indian Farmers for a Resilient Agriculture Sector 

• At Pathikonda in Kurnool district, YS Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh, provided financial aid to farmers for the fifth consecutive year through the YSR Rythu Bharosa-PM Kisan program.
• In this year's initial installment, CM Jagan distributed a total of Rs 3,923.21 crore to 52,30,939 farmers. Consequently, each farmer received Rs 5,500 directly into their bank accounts from the YSRCP state government, in addition to an extra Rs 2,000 from the Centre as a component of the PM Kisan Yojana.

Defence News

7. NATO launches Arctic exercises, pledges protection of Finland 

• The North Atlantic Treaty Organization (NATO) countries have kicked off military exercises with a pledge to defend their newest member, Finland, which is hosting its first joint training in the Arctic region since becoming part of the Western alliance in April.
• Nearly 1,000 allied forces from Norway, the United Kingdom and the United States – as well as NATO applicant Sweden – joined approximately 6,500 Finnish troops and some 1,000 vehicles for exercises this week, which mark Finland’s biggest modern-time land-force drill above the Arctic Circle.

Important takeaways for all competitive exams:

• NATO Founded: 4 April 1949, Washington, D.C., United States;
• NATO Headquarters: Brussels, Belgium.

Summits and Conferences News

8. India, Vietnam hold 3rd Maritime Security Dialogue in New Delhi

• India and Vietnam recently held the 3rd Maritime Security Dialogue in New Delhi, underscoring their commitment to sustaining a secure maritime environment amidst growing Chinese aggression in the region.
• The dialogue brought together senior officials from both countries, focusing on reinforcing regional and international mechanisms to enhance comprehensive maritime security.           

Ranks and Reports News

9. Dubai Emerges as India's Top Choice for Foreign Direct Investment (FDI)

• According to the latest fDi Markets Report and the Dubai FDI Monitor, Dubai has secured its position as the leading destination for foreign direct investment (FDI) from India in the calendar year 2022.
• India ranked among the top five source countries for announced FDI projects and estimated FDI capital in Dubai, solidifying the emirate's appeal to Indian investors. This article examines the key findings and highlights the sectors and trends contributing to this growing partnership.

   Important Days

10. World Bicycle Day 2023: Date, Theme, Significance and History

• World Bicycle Day is an annual event celebrated on June 3rd. It was established by the United Nations General Assembly in 2018 to recognize the bicycle as a simple, affordable, reliable, clean and environmentally fit sustainable means of transport.
• The selection of this date is significant as it commemorates the anniversary of the invention of the bicycle by Karl von Drais in 1817. The theme for this year’s World Bicycle Day is “Riding Together for a Sustainable Future.”

   Obituaries News

11. Ghanaian writer and feminist Ama Ata Aidoo passes away at 81

• Ama Ata Aidoo, the iconic Ghanaian writer whose classics The Dilemma of a Ghost and Changes were taught to children in West African schools for decades, has died aged 81.
• The death of the playwright and poet who was famous for her feminist ideals was announced on Wednesday in a short statement by her family.

  Miscellaneous News

12. Shalini Singh becomes the first female NCC cadet to complete mountaineering course

• Shalini Singh made history as she completed the mountaineering course in the Himalayan area of Uttarakhand as the country’s first female NCC cadet. Shalini Singh, a 20-year-old NCC cadet from Lucknow, has become the first female cadet in India to complete the advanced mountaineering course.
• She scaled a 15,400-foot peak in the Dring Valley in Uttarkashi district of Uttarakhand as part of the course.

Important Current Affairs of 03rd June 2023