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Banking Current Affairs : 4th June 2024

Today’s Current Affairs: 4th June 2024 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc

Telangana Formation Day :

  • Telangana Formation Day celebrated on June 2nd, 2024, marks the anniversary of the formation of the state of Telangana in 2014.
  • The history of Telangana is a vibrant tapestry woven with ancient legacies, struggles for identity, and aspirations for a brighter future.

77th World Health Assembly adopts amendments to International Health Regulations 2005 based on 300 proposals by member states:

  • The 77th World Health Assembly agreed to the package of amendments to the International Health Regulations (IHR 2005) based on 300 proposals made by member countries after the COVID-19 pandemic.

Pugilist Amit Pangal secures Paris Olympic quota in men’s 51 kg category:

  • Indian pugilist Amit Pangal has secured the prestigious Paris Olympic quota in the men’s 51 kg category.
  • He triumphed over Liu Chuang of China at the World Boxing Qualifiers in Bangkok, with a commanding 5-nil quarter-final victory.

Taiwan Athletics Open:

  • In the Taiwan Athletics Open 2024, the Indian contingent concluded the campaign with a remarkable medal haul, bagging seven medals including three golds, three silvers, and one bronze medal.
  • In women’s Long Jump, Nayana James clinched the gold medal, registering the best jump of 6.43 meters today. Sumire Hata of Japan won the silver.

Bonn International Badminton Tournament:

  • India’s Tanvi Sharma bagged the women’s singles title at the Bonn International Badminton Tournament, in Germany.
  • The young Indian shuttler defeated Wang Pei Yu of Taiwan in straight sets, 21-19, 22-20. This is the first senior title for the 15-year-old Tanvi.

GST collection In May 2024:

  • The gross Goods and Services Tax revenue for month of May this year stood at 1.73 lakh crore rupees. Ministry of Finance said that this represents a 10% year-on-year growth.
  • Out of the total collection in the month of May, CGST is over 32,000 crore rupees, SGST is over 40,000 crore rupees, IGST is over 87,781 crore rupees and cess is over 12 thousand crore rupees.

REC board approves raising borrowing limit in foreign currency to $24 Billion:

  • REC Ltd said its board has approved raising the borrowing limit in foreign currency to $24 billion from $20 billion.
  • The overall borrowing limit in Indian rupees was however retained at Rs 6 lakh crore, the company said in an exchange filing.
  • The board also approved raising up to Rs 1,45,000 crore through private placement of unsecured/secured non-convertible bonds.

ADB commits $2.6 billion in sovereign lending to India:

  • The Asian Development Bank (ADB) committed $2.6 billion in sovereign lending to India in 2023 for projects that aim to strengthen urban development, support industrial corridor development, promote power sector reforms, build India’s climate resilience, support horticulture, and enhance connectivity.

Nokia and Gati Shakti Vishwavidyalaya Collaborate on 5G/6G Research:

  • Finnish telecom giant Nokia and Gati Shakti Vishwavidyalaya (GSV) have signed a Memorandum of Understanding (MoU) to jointly explore advancements in 5G and 6G communications, specifically targeting transportation and logistics sectors.

State Bank of India Market Cap Crosses ₹8 Lakh Crore Milestone:

  • State Bank of India (SBI) achieved a significant milestone as its market capitalization surpassed ₹8 lakh crore, driven by a remarkable surge in its stock prices.
  • This achievement underscores the bank’s robust performance and reflects investor confidence in the banking sector amid favorable market conditions.

SEBI Launches Saathi 2.0 Personal Finance App for Investors:

  • SEBI, the Securities and Exchange Board of India, has launched “Saathi 2.0,” a mobile app designed to provide comprehensive tools for simplifying complex financial concepts and empowering investors with reliable information.

Goldman Sachs Boosts India GDP Forecast to 6.9% for CY24:

  • Goldman Sachs has revised its GDP growth forecast for India for the calendar year 2024, raising it by 20 basis points to 6.9% from an earlier projection of 6.7%.
  • This adjustment follows a stronger-than-expected GDP growth of 7.8% for the January-March 2024 quarter, driven by robust investment demand and a recovery in consumption

Claudia Sheinbaum Elected Mexico’s First Woman President:

  • Claudia Sheinbaum has been named Mexico’s first female president. According to the National Electoral Institute, Sheinbaum won between 58 and 60% of the votes, which is more than 30 percentage points more than her closest rival, Xochitl Galvez.

Red List Of Mangrove Ecosystems:

  • The International Union for Conservation of Nature (IUCN) has issued a “Red List of Mangrove Ecosystems” cautioning that half of the world’s mangrove ecosystems are at risk of collapsing.
  • This marks the first comprehensive global assessment of mangroves by IUCN.

Malfunctioning Of The Sensor : India Meteorological Department

  • Delhi’s Mungeshpur weather station recorded a maximum temperature of 52.9 degrees Celsius on May 29, it was on account of “malfunctioning of the sensor,” the India Meteorological Department (IMD) has said.

Techo Funan Canal:

  • Cambodia will start constructing the Chinese-backed Techo Funan Canal.
  • The 180-km canal aims to connect the Mekong River basin to the Cambodian coast.
  • Despite tensions with Vietnam and concerns about potential military use by China, Cambodia asserts the canal will reduce reliance on Vietnamese ports, lower transportation costs, and benefit millions of people through improved irrigation

What Is Living Will?

  • Justice M.S. Sonak, of the Bombay High Court’s Goa Bench, became the first person in Goa to register a “living will”—an advance medical directive specifying actions for when he cannot make decisions

Stromatolites: Discovered

  • Researchers have discovered living stromatolites on Sheybarah Island in the Red Sea, Saudi Arabia.
  • Stromatolites are layered rock formations created by microbial communities, representing some of the earliest evidence of life on Earth.

Carnian Pluvial Episode:

  • The Carnian Pluvial Episode (CPE) was a period of extended and intense rainfall that occurred in the late Triassic Period (approx. 230 million years ago).

Exercise Red Flag:

  • Eight Indian Rafale fighter jets, accompanied by two IL-78 air-to-air refuellers and three C-17 Globemaster-III strategic airlift aircraft, are poised to participate in the prestigious multi-national ‘Red Flag’ exercise in Alaska, USA.

Spot Bellied Eagle Owl:

  • Pench Tiger Reserve (PTR), Maharashtra, recently reported the first photographic record of a spot-bellied eagle owl.
  • Spot Bellied Eagle Owl is also known as the forest eagle-owl, is a large bird of prey with a formidable appearance.
  • Scientific Name: Ketupa nipalensis

Hunga Tonga–Hunga Haʻapai (HTHH) Volcano:

  • A new study published recently shows that the January 15, 2022, eruption of the Hunga Tonga–Hunga Haʻapai Volcano could cause unusual weather for the rest of the decade.
  • Hunga Tonga–Hunga Haʻapai (HTHH) is a submarine stratovolcano in the Tongan archipelago in the southern Pacific Ocean.

Sunkoshi River : River Cleanup Campaign

  • A river cleanup campaign that removed 24,575 kg of waste from the Sunkoshi River banks and waste hotspots was recently completed under the PLEASE (Plastic Free Rivers and Seas of South Asia) program


  • Several argue that inequality harms democratic processes. Some inequality, others argue, is actually beneficial, since it acts as an incentive to entrepreneurs to start businesses.
  • Greedflation refers to a scenario where inflation in an economy is driven by corporate greed to make a profit rather than an increase in the cost of production, demand, or wages.

KAZA Summit 2024:

  • At the KAZA Summit 2024, leaders of the Kavango-Zambezi Trans-Frontier Conservation Area (KAZA-TFCA) decided to oppose the ivory trade ban at the CoP 20 of CITES.
  • Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) is an international agreement between 184 governments to ensure that international trade in wild animals and plants does not threaten the survival of the species.

Ikat Design:

  • Following NABARD’s withdrawal, Ikat weavers aim to assume control, manage operations and grow the business.
  • Ikat design originates from the Indonesian/Malay word ‘mengikat’, meaning to bind.
  • It features a resist dyeing process where threads are dyed before weaving.
  • The fabrics exhibit unique ‘blurred’ effects due to slight misalignments of threads.

Bank Clinic Launched : All India Bank Employees’ Association

  • The All India Bank Employees’ Association (AIBEA) has launched the “Bank Clinic” initiative to assist bank customers with grievance redressal.