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Banking Current Affairs : 10th June 2024

Today’s Current Affairs: 10th June 2024 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc

STPI Celebrated 33rd Foundation Day in New Delhi:

  • Software Technology Parks of India (STPI), an autonomous society under the Ministry of Electronics and Information Technology (MeitY), celebrated its 33rd Foundation Day on 5th June 2024 at a special event held in New Delhi, Delhi.
  • The foundation day event was held under the theme “Positioning Bharat as a Tech Product Nation”.

MeitY Secy Inaugurated Indigenous Air Quality Monitoring System & launched Air-Pravah App:

  • On the occasion of World Environment Day 2024 (5th June 2024), S Krishnan, Secretary of the Ministry of Electronics and Information Technology (MeitY), inaugurated an indigenous Air Quality Monitoring System (AQ-AIMS) during the event held in New Delhi, Delhi.
  • He also launched the mobile application “Air-Pravah” for real-time Air Quality Index (AQI) monitoring.
  • The AQ-AIMS and Air-Pravah were developed under MeitY-supported technologies.

MoD Signed MoUs with 4 Banks To Onboard Them As ‘SPARSH’ Service Centres:

  • The Defence Accounts Department (DAD) of the Ministry of Defence (MoD) has signed Memorandum of understanding (MoUs) with four banks to onboard them as System for Pension Administration – Raksha (SPARSH) service centres across 1,128 branches of these banks in India.
  • The four banks were Bank of India (BOI), Canara Bank, Central Bank of India (CBI) and Utkarsh Small Finance Bank Limited (USFBL).
  • The SPARSH is a web-based system for processing pension claims and crediting the pension directly into the bank accounts of defence pensioners without any external intermediary.

SEBI Issued Guidelines to Relax Timelines for FPIs to Make Material Event Disclosures:

  • On 5th June 2024, The Securities Exchange Board of India (SEBI) issued a Master Circular for Foreign Portfolio Investors(FPIs), Designated Depository Participants and Eligible Foreign Investors specifying the timelines for disclosure of material changes/events.
  • To relax the timeline of material changes by FPI, SEBI (FPIs) (Amendment) Regulations 2024, was notified on 3rd June 2024, amending the SEBI (FPIs) Regulations 2019.

NIPL Partners with Central Bank of Peru To Introduce a UPI-like Payments System in Peru:

  • NPCI International Payments Limited (NIPL), the international arm of National Payments Corporation of India (NPCI), has signed an agreement with the Central Reserve Bank of Peru (BCRP- Banco Central de Reserva del Perú) to introduce Unified Payments Interface (UPI)-like real-time payments system in Peru.
  • The collaboration makes Peru the first South American (SA) nation to adopt UPI technology.
  • This also mark’s NIPL’s second partnership with a central bank to deploy the UPI stack in the international market.

Universal Sompo Launches ‘Insure Today For a Safe Tomorrow’ Campaign To Promote Awareness:

  • Universal Sompo General Insurance Company Limited has launched a new theme, ‘Insure today for a safe tomorrow,’ to raise awareness about the importance of insurance in safeguarding against unforeseen risks.
  • It offers a wide range of insurance products, including motor, health, personal accident, fire, and burglary insurance.
  • It is dedicated to ensure comprehensive protection for individuals, assets, and businesses.
  • As part of an initiative called ‘Insurance for All by 2047,’ Universal Sompo collaborated with Maruti Suzuki Insurance Broking Private Limited to spread insurance awareness in Andhra Pradesh (AP).

DBS Retained India’s GDP Projection at 7% for FY25 (2024-25):

  • Singapore-based DBS Bank Ltd (formerly known as Development Bank of Singapore Limited) retained its projection for India’s Gross Domestic Product (GDP) at 7% for FY25 (2024-25).
  • It also projected India’s GDP growth to remain at 7% for Q1 (April to June 2024) of FY25.

Goldman Sachs Raised India’s GDP Growth Forecast to 6.9% for CY24:

  • Foreign Brokerage Goldman Sachs Group, Inc., has raised India’s Gross Domestic Product (GDP) growth forecast for the Calendar Year (CY) 2024, by 20 basis points (bps) to 6.9% from the earlier projection of 6.7%.
  • Goldman Sachs has projected India’s GDP growth at 6.8% for the current fiscal (FY2024-25).

C-DOT Won UN’s WSIS 2024 ‘Champion’ Award at Geneva, Switzerland:

  • The Centre for Development of Telematics (C-DOT) has won the United Nations World Summit on the Information Society (UN’s WSIS) 2024 ‘Champion’ Award at the WSIS+20 Forum in Geneva, Switzerland.
  • The award was given for the project ‘Mobile-Enabled Disaster Resilience through Cell Broadcast Emergency Alerting’ which was recognised under Artificial Intelligence (AI), Category – 7 (C-7), E-environment, in the category of ‘Benefits in all aspects of life – E-environment’.

RBI Approves Zurich Insurance’s 70% Acquisition of Kotak General For Rs 5,560 crore:

  • The Reserve Bank of India (RBI) has approved Zurich Insurance Company Limited’s proposed acquisition of a 70% stake in Kotak Mahindra General Insurance Company Limited (KGI) (Target) for a total consideration of approximately Rs 5,560 crore.

PNB Approved Diluting 10% Stake in Canara HSBC Life Insurance Company

  • The Board of Directors of Punjab National Bank (PNB) approved the initiation of process of diluting 10% shareholding its associate company Canara HSBC Life Insurance Company Limited by listing the company in stock exchanges through an Initial Public Offering (IPO).

Boeing Starliner Launches NASA Astronauts into Space for 1st time with Indian-origin Astronaut Sunita Williams:

  • Boeing’s Starliner spacecraft lifted off to space on its maiden voyage to the International Space Station (ISS) with 2 National Aeronautics and Space Administration (NASA) astronauts Butch Wilmore and Sunita Williams. The astronauts are in orbit on the 1st crewed flight test for the ISS.
  • The astronauts lifted off on a United Launch Alliance (ULA) Atlas V rocket from Space Launch Complex-41 at Cape Canaveral Space Force Station in Florida, the United States of America (USA).
  • Indian Origin American Sunita Williams is the 1st female astronaut to fly on the 1st flight of a crewed mission of Boeing Starliner.

Child Nutrition Report, 2024

  • 27% of children globally; 40% in India (2nd highest in South Asia).
  • CFP results from failing governance systems, not failing families.
  • Rise in unhealthy food consumption replacing nutrient-rich options.
  • Affects both poor and non-poor households, showing income isn’t the sole factor.
  • Global efforts are slow in ending CFP
  • Children in severe CFP lack nutrient-rich foods; unhealthy foods dominate.
  • Global food/nutrition crises, conflicts, and climate shocks worsen CFP.
  • Higher CFP correlates with higher stunting rates.
  • Poor food environments, poor feeding practices, climate crisis and household income poverty.

India, South Korea, the United States, Japan, and the European Union (EU) have formed a Biopharmaceutical Alliance to address drug supply shortages during the COVID-19 pandemic.:

  • The alliance aims to coordinate bio policies, regulations, and research and development support measures among participating countries.

Non-Permanent Members Of The UNSC:

  • Pakistan, Panama, Somalia, Denmark, and Greece have been elected as non-permanent members of the UN Security Council for a two-year term starting in 2025. This marks Pakistan’s 8th term as a non-permanent member