Daily Current Affairs June 04 2022 | Latest News | Download PDF

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CURRENT AFFAIRS: IMPORTANT DAYS

World Bicycle Day – 3rd June

• World Bicycle Day is celebrated on June 3rd each year, celebrating cycling as a way to find a sustainable form of travel that guarantees physical health.
• This day celebrates the cycling tradition and its important role in maintaining our health.
• Cycling is a multifaceted exercise and has many health benefits.

HISTORY:

• World Cycling Day was first celebrated on June 3, 2018, when the United Nations first adopted the resolution during the 72nd regular session of the United Nations General Assembly in New York on October 4.
• The Declaration has been adopted by more than 193 Member States, which encourages them to include bicycles in their regional, international and local development policies and programs.

International Day of Innocent Children Victims of Aggression- June 4^th:

• The International Day of Innocent Children Victims of Aggression is an annual United Nations observance day on June 4th each year.
• According to recent statistics, 536 million children live in countries affected by conflict or disasters.
• About 50 million children have been displaced from their homes.
• When these children get displaced, it increases their vulnerability to violence and exploitation.
• The UN’s Sustainable Development Goal 16 promotes peaceful and inclusive societies for sustainable development.
• As part of this goal, the UN hopes to end abuse, exploitation, trafficking, and all forms of violence against children by

HISTORY:

• On August 19, 1982, the UN General Assembly declared that June 4th would be observed as the International Day of Innocent Children Victims of Aggression.
• The UN decided during an emergency special session on the question of Palestine.
• The day originally focused on the children affected by the 1982 Lebanon War.
• The day also focused on Palestinian children that were victims of other conflicts in the Middle East.

CURRENT AFFAIRS: NATIONAL NEWS

 Instagram starts rolling out AMBER alerts to help locate missing children:

• Instagram has launched an “alert” function to assist in the search for missing children.
• The photo-sharing app has partnered with various organizations around the world to set up this feature.
• This feature will display details of missing children on a user’s Instagram feed if they are in a specific area where the search is being conducted.
• In addition to the photo and video sharing platform, Amber Alerts has been on Facebook since 2015.
• Instagram has already started rolling out the Alerts feature and it will be available in 25 countries in the coming weeks.

About the New Features:

• Alerts on the Metaowned platform will include details such as a child’s photo, description, and location of abduction.
• Instagram will show warnings to users based on information like their IP address and location services (if enabled), he noted.
• The social media platform says it developed the emergency alert feature for children in partnership with organizations like the National Center for Missing & Exploited Children (NCMEC) in the US, The International Center for Missing and Exploited Children, the National Crime Agency in the UK, the Attorney General’s Office in Mexico, the Australian Federal Police, and others.

Union Sports Minister Shri Anurag Thakur Launches Nationwide Fit India Freedom Rider Cycle Rally:

• Union Minister of Youth and Sports Shri Anurag Thakur launched the “National Cycling Race for Indian Freestyle Cyclists” on World Cycling Day.
• Thakur says that by cycling we can achieve the goals of it India Movement, Khelo India Movement, Clean India Movement, and Healthy India Movement.
• You can complete The Fit India movement, Khelo India movement, Clean India, and Healthy India movement while cycling.
• This will also reduce pollution levels.
• Notably, World Bicycle Day is celebrated on June 3 every year to promote the use of bicycles and their benefits.
• The World Health Organization (WHO) believes that providing bicycles to the world’s poorest people and communities will help prevent 1.5 million premature deaths and 5 billion pounds of greenhouse gas emissions each year.

President Inaugurates the Akhil Bhartiya Ayurved Mahasammelan’s 59th Maha Adhiveshan:

• Shri Ram Nath Kovind, President of India inaugurated the 59th Maha Adhiveshan of Akhil Bhartiya Ayurved Mahasammelan in Ujjain, Madhya Pradesh.
• Ayurveda means the science of life in Sanskrit.
• The term “pathy” is used to describe many types of health systems around the world.
• It refers to the method of treating the disease when the disease has already manifested.
• However, in Ayurveda, disease prevention comes first along with the cure.

Additional Info.

• The Government of India has taken many measures to protect and promote the Indian health system over time.
• However, this initiative received even more impetus following the establishment of a separate Department of AYUSH in 2014.
• Various research councils affiliated with the Government of India have accomplished remarkable things. in the field of Ayurveda.
• Our health is influenced by our diet, lifestyle, and even our daily habits. Ayurveda explains what should be our daily routine, what should be a seasonal routine, and what to diet before taking the medicine.
• Mahaadhiveshan, the topic of “Ayurveda Diet – The Foundation of a Healthy India” will be covered.

CURRENT AFFAIRS: STATE NEWS

Punjab govt launches e-stamp facility Instead Of Paper Stamp

• Punjab Revenue Minister Mr. Bram Shanker Jimpa launched the ‘e-stamp facility to abolish physical stamp papers to bring more efficiency and check the pilferage of state revenue.
• The stamp paper of any denomination can now be obtained via e-stamp (computerized print-out) from any stamp vendor or banks authorized by the state government.
• Earlier the e-stamping facility applied only to values above Rs.20,000.
• As per the new rules, this facility has been extended for all denominations starting from Rs One.
• The decision taken by the Punjab government led by Chief Minister Bhagwant Mann will at least save Rs 35 Crore annually, which is incurred on printing of stamp papers, besides facilitating the common public to obtain stamp papers in a hassle-free manner.
• The Punjab government will pay a commission of 2% to the stamp vendors on e-stamps ranging from Rs 1 to Rs 19,999, while the general public would get stamp paper at the actual rate.
• For instance, they will have to pay only Rs 100 for a stamp paper of Rs 100 and no extra commission will be levied.
• Also, this step will help in curbing the stamp paper-linked fraud.
• The department has also launched 5 more e-facilities including

1. Loan/Hypothecation Agreement
2. Agreement of Pledge
3. Affidavit & Declaration
4. Demand Promissory Note
5. Indemnity Bond.

• Now, these documents can also be issued through the computer directly.
• This facility has been started with the help of the Union government’s National e-Governance Services Ltd. (NeSL).

About Punjab :

• Capital: Chandigarh
• Governor: Banwarilal Purohit
• Chief minister: Bhagwant Mann

CURRENT AFFAIRS: BANKING & FINANCE

IDFC First Bank Partners with CarTrade Tech to offer financing solutions for used-cars

• Multi-channel automobile buying and selling platform CarTrade Tech Ltd has allied with IDFC First Bank to offer easy and smart financing for used cars.
• CarWale abSure is the used car platform of CarTrade Tech.

About the Partnership :

• Under the partnership, IDFC First Bank will become the preferred financier for customers purchasing used vehicles from CarWale abSure’s dealers with customized offerings to suit their needs.
• It will ensure a hassle-free experience backed by trust and reliability.
• IDFC First Bank’s scorecard-based loan sanctioning and end-to-end digitized and automated loan onboarding journey will empower CarTrade/CarWale abSure dealers.
• It will also offer a seamless loan processing experience to customers.

About IDFC First Bank :

• Founded: October 2015
• Headquarters: Mumbai, Maharashtra, India
• Non-Executive Chairman: Rajiv Lall
• MD & CEO : V. Vaidyanathan

SBI General Insurance launches a new health vertical

• SBI General Insurance has launched a new health insurance vertical, through which the company plans to focus on new innovative health products, and an in-house claim settlement process, among others, to boost customer experience.

Objective :

• To make health care available across the length and breadth of the country at an affordable cost.
• To rank SBI General to be among the top three general insurance companies for health in the next 3 years.
• The company intends to use its parent company State Bank of India‘s extensive reach and network to further establish health insurance penetration in Tier 3 and 4 markets across India.
• Through the vertical, it will manage in-house servicing of all health insurance claims to deliver a superior and hassle-free customer experience.
• It has also recorded a strong performance in the health insurance segment with a 50 percent growth in GWP in FY 21-22.

About SBI General Insurance :

• Founded: 2009
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO : Prakash Chandra Kandpal

India’s GDP grows 4.1% in Q4; expands 8.7% in FY22

• According to the data released by the Statistics Ministry, India’s gross domestic product (GDP) growth slowed to 4.1 percent in January-March 2021-22 period.
• The growth in the financial year 2021-22 stood at 8.7%.
• In its second advance estimate, the government had estimated the GDP to grow at 8.9% in FY22.
• GDP at constant (2011-12) prices in Q4 2021-22 is estimated at Rs 40.78 lakh crore, as against Rs 39.18 lakh crore in Q4 2020-21, showing a growth of 4.1 percent.
• In the previous fiscal 2020-21, the economy had contracted by 6.6 percent as the COVID-19 pandemic disrupted business activities.

Key Highlights :

• In FY22, all sectors except trade, hotels, and communication services were above the pre-pandemic levels of FY20.
• Growth in private final consumption expenditure, or private spending, decelerated sequentially in Q4 to 1.8 percent, proving to be the weakest link.
• Government spending, however, picked up to grow at 4.8 percent, supporting overall growth.
• Gross fixed capital formation, which represents investment demand in the economy, slowed to 5.1 percent.
• On the supply side, the manufacturing sector contracted 0.2 percent in the March quarter due to supply chain disruptions
• Agriculture growth of 4.1 percent remained robust despite the third advance estimates projecting a decline in wheat output due to the ongoing heat wave.
• The labor-intensive construction sector returned to positive growth in the March quarter (2 percent).
• Growth in services output slowed to 5.5 percent as a result of sluggish performance of trade, hotel transport, and communications services (5.3 percent), signaling the pent-up demand did not quite translate to higher growth.
• Gross value added (GVA) at basic prices grew at 3.9 percent in the fourth quarter and 8.1 percent in FY22.
• Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2021-22 is estimated to attain a level of Rs 147.36 lakh crore, as against the first revised estimate of Rs 135.58 lakh crore for the year 2020-21.
• Nominal GDP or GDP at Current Prices in the year 2021-22 is estimated to attain a level of Rs 236.65 lakh crore, as against Rs 198.01 lakh crore in 2020-21, showing a growth rate of 19.5 percent.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

Ex SBI MD Ashwani Bhatia appointed as Whole Time Member at SEBI

• Former managing director at the State Bank of India (SBI), Ashwani Bhatia was appointed as a whole-time member (WTM) of the Securities and Exchange Board of India (SEBI).
• With this appointment at SEBI, the regulatory body now has three WTMs.
• He took charge as a WTM after the post remained vacant for nearly 7 months.
• He will handle the department of debt and hybrid securities (DDHS), alternative investment fund and foreign portfolio investors department (AFD), market intermediaries regulation and supervision department (MIRSD), corporation finance investigation department (CFID), and office of investor assistance & education (OIAE).

About Ashwani Bhatia :

• In August 2020, he was elevated to MD of SBI, where he joined as a probationary officer in 1985.
• Also, he was working as the MD and chief executive officer of SBI Mutual Fund.
• He has vast experience in Treasury Operations, Retail Banking, Credit, Investment Banking, and Asset Management.

Additional Info :

• For the last 7 months, the regulator had operated with only two full-time members, S K Mohanty and Anant Barua.

About SEBI :

• Established: April 12, 1988, & given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.
• Headquarters: Mumbai, Maharashtra, India
• Chairman : Madhabi Puri Buch

Sachin Tendulkar to continue as UNICEF’s Goodwill Ambassador for the 20th year

• the “Most Effective Swachh Bharat Ambassador” award by the President of India during an The legendary cricketer Sachin Tendulkar will continue as UNICEF’s ‘Goodwill Ambassador’ for a record 20th year, working for the welfare of underprivileged children.
• In 2003, he was chosen to take lead in the initiative to create awareness and promote polio prevention in India.
• In 2008, he was roped in to create and promote hygiene and sanitation among communities
• In 2013, he was appointed UNICEF Ambassador for South Asia to advocate good hygiene and sanitation across the region.
• In 2019, he went on a three-day trip to Nepal to raise awareness for UNICEF Nepal’s ‘Bat for Brain Development’ campaign.
• He had a two-decade-long partnership with UNICEF, he has been vital in furthering the campaigns, especially the ones aimed at providing a better future for underprivileged children.
• He was awarded awards function in 2020.

About UNICEF :

• Founded: 11 December 1946
• Headquarters: New York, USA
• Head: Catherine M. Russell
• UNICEF is an agency of the United Nations responsible for providing humanitarian and developmental aid to children worldwide.

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

Instagram Introduces AMBER Alerts to help find missing children

• Meta-owned photo-sharing platform Instagram has launched AMBER(America’s Missing: Broadcast Emergency Response) Alerts on the platform that will allow people to see and share notices of missing children in their area.
• It was developed in partnership with organizations like the National Center for Missing and Exploited Children (NCMEC) in the US, the International Centre for Missing and Exploited Children, the National Crime Agency in the UK, the Attorney General’s Office in Mexico, the Australian Federal Police and more.

About AMBER Alerts :

• AMBER Alerts are authorized by law enforcement and broadcast to the general population via TV, radio stations, and text messages.
• The system was named after Amber Rene Hagerman, a nine-year-old girl abducted and murdered in 1996 in Arlington, Texas.
• This feature will be fully available in 25 countries, including South Africa, Taiwan, Ukraine, the UK, the UAE, the US, and more in the coming weeks.
• The alert will include the name and description of the missing child, a description of the suspected abductor, and a description and license plate number of the abductor’s vehicle, if applicable.
• Also, People can share the alert with friends to further spread the word.

Background :

• Since 2015, AMBER Alerts on Facebook has been successful in helping authorities find and quickly locate missing children.

Note :

• President and CEO of the NCMEC: Michelle DeLaune

About Instagram :

• Founded: 2010
• Founder : Kevin Systrom and Mike Krieger

CURRENT AFFAIRS: MOUS AND AGREEMENT

T.N. signs MoU with IPPB for pensioners’ digital life certificate:

• The Tamil Nadu government signed a Memorandum of Understanding (MoU) with the India Post Payments Bank (IPPB) for obtaining life certificates from pensioners through the doorstep services of the Postal Department.
• Recently, the State government issued orders for five modes of the annual mustering of pensioners from July to September this year, including the doorstep services of the IPPB, for obtaining a digital life certificate through Jeevan Pramaan Portal to the void hardship of coming in person for aged pensioners/family pensioners.

Key Points:

• As per the agreement, the IPPB would render the doorstep services at a cost of ₹70 per digital life certificate.
• Over 7.15 lakh State government pensioners/ family pensioners submit the certificates During July, August, and September every year for annual mustering.

Attendees:

• The MoU was signed in the presence of Finance Minister Palanivel Thiaga Rajan, Finance Secretary N. Muruganandam, Commissioner of Treasuries and Accounts T.N. Venkatesh, Chief General Manager of IPPB Limited Gurusharan Rai Bansal, Chief Postmaster General- Tamil Nadu Circle B. Selvakumar, Assistant General Manager, IPPB Ltd- Tamil Nadu Circle N.R. Divakara, Postmaster General- Chennai City Region G. Natarajan and other senior officials.

CURRENT AFFAIRS: SPORTS NEWS

Men’s Hockey Asia Cup: India wins bronze with a 1-0 win over Japan

• India beat Japan 1-0 to win the bronze medal at the 2022 Men’s Hockey Asia Cup in Jakarta,
• Japan had seven corners while India had only two, but India came out on top in circling penetration index 11-10.
• But she managed to hold her ground and win a second bronze at the Asian Cup.
• This is India’s 10th medal out of 11 held at the continental competition so far.
• India, 2003, 2007, and 2017 champions, finished second five times and won bronze twice.
• In the match against Japan, Rajkumar Pal (6′) scored the only goal of the match.
• India captain Birendra Lakra was declared man of the match in bronze medal qualifying.

Finals of Asia Cup 2022:

• South Korea has extinguished Malaysia’s hopes of the Asian Cup for the first time when they have crowned champions with a thrilling victory in Round 21 here at GBK Sports Arena.
• This is the fifth time the Korean team has won the prestigious trophy.
• They won the title in 1994, 1999, 2009, and 2013.

Shri Amit Shah laid the foundation stone for an Olympic-level sports complex in Ahmedabad:

• The government wants world-class pitches and venues for all sports for the Ahmedabad Games with Sardar Patel Sports Complex, Narendra Modi Stadium, Naranpura Sports Complex, and three complexes for other sports.
• Shri Amit Shah, Union Minister for Cooperation and Housing, laid the groundwork for an Olympic-level sports complex in Ahmedabad, Gujarat for Rs 632 crore.

Key point:

• The world-class sports stadium spans 18 acres in the Naranpura district of Ahmedabad, with facilities for playing and training in a variety of indoor and outdoor activities, including swimming.
• It can also hold up to 7,000 people at a time.
• This huge sports facility with a construction area of ​​more than 1,150,000 square meters includes an indoor sports arena, a community sports arena, and an aquatic stadium.
• The BJP-led central and state government hopes that the presence of the world’s largest cricket stadium, the Sardar Patel Sports Complex, and the Naranpura Sports Complex will make Ahmedabad the city where they prepare for the Olympics.

CURRENT AFFAIRS: OBITUARIES

Santoor maestro and Padma Shri awardee, Bhajan Sopori has passed away:

• Santoor Maestro and Padma Shri award winner Bhajan Sopori passed away at the age of 73.
• The santoor player was born in Sopore in the Kashmir valley in 1948 and belongs to the Sufiana Gharana of Indian classical music.
• He was the great-grandson of Pandit Shankar Pandit, who developed the popular style known as ‘Sufi Baaj’ (style), based on the classical music of Sufiana Qalam and Hindustani.

About Bhajan Sopori:

• Hailed as ‘Saint of Santoor’ and ‘King of Strings’, Sopori won the Sangeet Natak Akademi Award in 1992 and the Padma Shri Award in 2004.
• In 2009, he received the Baba Allaudin Khan Award and the MN Award Mathur in 2011 for his contributions to classical Indian music.

Daily CA on June 04 :

• World Bicycle Day is celebrated on June 3rd each year, celebrating cycling as a way to find a sustainable form of travel that guarantees physical health.
• The International Day of Innocent Children Victims of Aggression is an annual United Nations observance day on June 4th each year.
• Instagram has launched an “alert” function to assist in the search for missing children.
• Union Minister of Youth and Sports Shri Anurag Thakur launched the “National Cycling Race for Indian Freestyle Cyclists” on World Cycling Day.
• Shri Ram Nath Kovind, President of India inaugurated the 59th Maha Adhiveshan of Akhil Bhartiya Ayurved Mahasammelan in Ujjain, Madhya Pradesh.
• Punjab Revenue Minister Mr. Bram Shanker Jimpa launched the ‘e-stamp facility to abolish physical stamp papers to bring more efficiency and check the pilferage of state revenue.
• Multi-channel automobile buying and selling platform CarTrade Tech Ltd has allied with IDFC First Bank to offer easy and smart financing for used cars.
• SBI General Insurance has launched a new health insurance vertical, through which the company plans to focus on new innovative health products, and an in-house claim settlement process, among others, to boost customer experience.
• According to the data released by the Statistics Ministry, India’s gross domestic product (GDP) growth slowed to1 percent in January-March 2021-22 period.
• Former managing director at the State Bank of India (SBI), Ashwani Bhatia was appointed as a whole-time member (WTM) of the Securities and Exchange Board of India (SEBI).
• The legendary cricketer Sachin Tendulkar will continue as UNICEF’s ‘Goodwill Ambassador’ for a record 20th year, working for the welfare of underprivileged children.
• Meta-owned photo-sharing platform Instagram has launched AMBER(America’s Missing: Broadcast Emergency Response) Alerts on the platform that will allow people to see and share notices of missing children in their area.
• The Tamil Nadu government signed a Memorandum of Understanding (MoU) with the India Post Payments Bank (IPPB) for obtaining life certificates from pensioners through the doorstep services of the Postal Department.
• India beat Japan 1-0 to win the bronze medal at the 2022 Men’s Hockey Asia Cup in Jakarta,
• Shri Amit Shah, Union Minister for Cooperation and Housing, laid the groundwork for an Olympic-level sports complex in Ahmedabad, Gujarat for Rs 632 crore.
• Santoor Maestro and Padma Shri award winner Bhajan Sopori passed away at the age of 73.