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Banking Current Affairs : 13th June 2024

Today’s Current Affairs: 13th June 2024 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc

World Day Against Child Labour 2024:

  • World Day Against Child Labour is an annual observance held on June 12 to highlight the plight of child labourers and to promote efforts to eliminate child labour.
  • The day was first proclaimed by the International Labour Organization (ILO) in 2002.
  • The official theme for World Day Against Child Labour 2024 is “Let’s act on our commitments: End Child Labour!”.

CCI approves the acquisition of Global Infrastructure Management, LLC by BlackRock Funding, Inc.:

  • The Competition Commission of India (CCI) has approved the acquisition of Global Infrastructure Management, LLC by BlackRock Funding, Inc.
  • The proposed combination relates to the acquisition of 100% of the limited liability company interests in Global Infrastructure Management, LLC (GIM) by BlackRock Funding, Inc (BFI).

Next Chief Of Army Staff:

  • Lieutenant General Upendra Dwivedi has been appointed as the next Chief of the Army Staff.
  • He will take charge from 30th June.
  • The present Chief of the Army Staff, General Manoj C Pande will demit office on 30th June.
  • Born on 1st July 1964, Lieutenant General Upendra Dwivedi was commissioned into the Infantry (Jammu and Kashmir Rifles) of the Indian Army on 15th December 1984

HDFC Bank raises FD rates by 20 basis points with effect from June 10:

  • HDFC Bank – the largest private sector lender – has hiked retail fixed deposit rates by up to 20 bps across various buckets with effect from June 10.
  • The move comes even if the RBI decided to keep the policy repo rate unchanged in the June review of monetary policy.

World Athletics signs five-year broadcasting services deal with Tata Communications:

  • World Athletics announced a five-year global broadcasting deal with Tata Communications, making the Indian telecom major a key partner for marquee events starting with the Tokyo World Championships.
  • The agreement aims to enhance innovation and audience engagement.

Wipro launches Lab45 AI platform to boost efficiency across biz functions:

  • Wipro announced the launch of its Lab45 artificial intelligence (AI) platform, which leverages generative AI (GenAI), machine learning (ML), and deep learning technologies to help companies increase efficiencies, transform business functions, and enable industry-specific solutions.
  • Lab45 is Wipro’s innovation lab, and the Lab45 AI platform is available to all Wipro clients.

World Bank revises India’s FY25 growth forecast to 6.6%:

  • The World Bank on 11th June retained its growth forecast for India at 6.6% for FY25.
  • For FY26 and FY27, the World Bank projected India’s economy to grow at 6.7% and 6.8%, respectively.
  • In FY24, the National Statistical Office estimated gross domestic product (GDP) to have grown at 8.2%.

SBI launches ‘SME Digital Business Loans’, to sanction loans in 45 minutes:

  • The country’s largest lender, State Bank of India (SBI), has floated ‘SME Digital Business Loans’ with the aim of sanctioning loans in 45 minutes.
  • The proposition eliminates the need for traditional credit underwriting and lengthy appraisal processes, ushering in a new era of simplicity, speed, and accessibility in MSME lending.

Infosys Ranks Among Top 100 Most Valuable Global Brands:

  • Infosys, a leading information technology company, has secured its position among the 100 most valuable brands in the world for the third consecutive year.
  • This recognition comes from Kantar, a prominent marketing data and analytics business, further solidifying Infosys’ reputation as a global brand powerhouse.

International Albinism Awareness Day 2024:

  • June 13th marks the annual observance of International Albinism Awareness Day, a day dedicated to raising awareness about albinism – a rare, genetically inherited condition that causes a lack of pigmentation in the skin, hair, and eyes.
  • This year’s theme, “10 years of IAAD: A decade of collective progress

Atomic clocks:

  • Atomic clocks are the backbone of the Global Positioning System (GPS), the network of satellites above the earth that we use every day to navigate cities, respond to emergencies, and organise military operations, among other things.
  • Despite being one of the most accurate timekeeping methods, however, there is still room for improvement.

Mumbai Cricket Association Honorary President Amol Kale Passes Away During India-Pak Match:

  • Mumbai Cricket Association president Amol Kale has passed away due to cardiac arrest in New York.
  • Kale had travelled to United States and watched the India vs Pakistan match live from the Nassau County International Cricket Stadium along with MCA secretary Ajinkya Naik and apex council member Suraj Samat on June 9.

Cellular Operators’ Association of India:

  • The Cellular Operators’ Association of India (COAI) has announced its new leadership for the 2024-25 term, effective from June 2024. Abhijit Kishore, Chief Operating Officer (COO) of Vodafone Idea (VI), has been appointed as the Chairman, while Rahul Vatts, Chief Regulatory Officer (CRO) of Bharti Airtel, will serve as the Vice Chairman.

Researchers recently used CRISPR/Cas9 to alter photosynthesis for the first time:

  • CRISPR, short for Clustered Regularly Interspaced Short Palindromic Repeats, is a gene-editing technology that can be used to alter the genetic sequence of a specific gene by removing, adding, or altering sections of the DNA sequence.

Nitrous Oxide (N2O) Emissions:

  • Planet-warming nitrous oxide (N2O) emissions grew by 40 percent between 1980 and 2020, according to a new report published by the Global Carbon Project.

Sarod maestro Pandit Rajeev Taranath : Passed Away

  • Sarod maestro Pandit Rajeev Taranath, who was undergoing treatment at a private hospital in Mysuru, passed away recently.
  • Sarod is a stringed instrument in the lute family and one of the most popular instruments in Hindustani classical music.

Notified Disasters:

  • The ongoing spell of extreme heat in many parts of the country has once again reopened discussions on the inclusion of heatwaves as one of the notified disasters under the Disaster Management (DM) Act, 2005.

International Organization Of Migration (IOM) : Record

  • At least 49 migrants died and 140 others were missing after their boat capsized off the coast of Yemen, the U.N. migration agency said on June 11.
  • International Organization of Migration (IOM) is an intergovernmental organization that provides services and advice concerning migration to governments and migrants, including internally displaced persons, refugees and migrant workers.

Starship : SpaceX’s

  • SpaceX’s Starship rocket accomplished its first fully successful test flight last week, with both its booster and spacecraft making a gentle splashdown after an hour-long sub-orbital space flight.

Enterobacter bugandensis:

  • Scientists from the Indian Institute of Technology Madras (IIT-M) and NASA’s Jet Propulsion Laboratory (JPL) have carried out a collaborative study of the behaviour of multi-drug resistant pathogens aboard the International Space Station (ISS).

Maitri Setu:

  • The Maitri Setu, also known as the India-Bangladesh friendship bridge, is set to open by September, connecting India’s landlocked Northeast to the Bay of Bengal.

Authorised Economic Operators Programme:

  • The gem and jewellery sector has been granted Authorised Economic Operator (AEO) status by the Ministry of Finance, easing export-import processes with shorter cargo release times and reduced bank guarantees.

Nano-Fertilizer Plant At Kakinada:

  • Coromandel International (an agriculture solutions provider) has opened a nano-fertiliser plant at its Kakinada complex in Andhra Pradesh.

A volcanic eruption at Mount Kanlaon in the Philippines led to rivers of cold lava, or lahar:

  • Cold lava, or “lahar,” is a hazardous flow of volcanic material, debris, and water that descends rapidly from volcanoes, resembling a fast-moving landslide rather than molten lava.