Daily Current Affairs June 08 2022 | Latest News | Download PDF

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CURRENT AFFAIRS: NATIONAL NEWS

Prime Minister Shri Narendra Modi has launched the Lifestyle for Environment movement:

• Prime Minister Shri Narendra Modi has launched the Global Initiative Lifestyle for the Environment (LiFE) movement and said his vision is to live a lifestyle that is in harmony with our planet and without harming it.
• The launch launched the “LiFE Global Call for Papers”, inviting ideas and suggestions from academics, universities and research institutes, and more. to influence and persuade individuals, communities, and organizations worldwide to adopt environmentally respectful lifestyles.

Attendees:

• Union Minister for Environment, Forest and Climate Change Bhupender Yadav, NITI Aayog CEO Amitabh Kant.
• The program also witnessed the participation of Co-Chairman Bill and Melinda Gates Foundation Bill Gates.
• Climate economist Lord Nicholas Stern.
• Author of Nudge Theory Prof. Cass Sunstein.
• CEO and President of World Resources Institute Aniruddha Dasgupta.
• UNEP Global Head Ms. Inger Andersen.
• UNDP Global Head Achim Steiner.
• World Bank President David Malpass among others.

Key Points:

• The idea of ​​LiFE was brought up by the Prime Minister at the 26th Conference of the Parties COP26 in Glasgow 2021.
• This idea promotes an eco-friendly lifestyle, focusing on conscious and intentional use instead of mindless and destructive consumption.
• The LiFE mission borrows from the past, operates in the present, and focuses on the future.

President Kovind has Inaugurated Sant Kabir Academy and Research Centre in UP:

• President Shri Ram Nath Kovind has paid tributes to Sant Kabir and inaugurated Sant Kabir Academy and Research Centre and Swadesh Darshan Yojana at Kabir Chaura Dham, Maghar, Uttar Pradesh.
• He stated the lifestyle of Kabir is an epitome of human distinctive features and his teachings are nevertheless applicable even after 650 years.
• He defined Kabir`s lifestyle as a perfect instance of communal solidarity.

Additional info:

• Earlier, the President paid tribute to the great poet and saint of the Bhakti movement at his Samadhi mausoleum in
• He also supplies chadar for his shop and planted a sapling on the grounds of Kabir Chaura Dham. Governor Anandiben Patel and Premier Yogi Adityanath accompanied the President.

National Food laboratory of FSSAI Inaugurated in Raxaul, Bihar:

• In Raxaul in Bihar, the Minister of Health and Family Welfare and Chemicals and Fertilizers, Mr. Mansukh Mandaviya, inaugurated the FSSAI National Food Laboratory.
• As part of a bilateral agreement between Indo-Nepal, this laboratory was established to reduce the testing time of food samples imported from Nepal to Raxaul.
• Food analysis takes a long time because food samples that comply with the law are sent to the National Food Laboratory in Kolkata.
• The Minister of Agriculture and Livestock Development of the Government of Nepal, Mahendra Rai Yadav, was also present at the inauguration of the food laboratory.

Key points:

• The opening of the food laboratory would increase Nepal’s ability to import more food products to India and connect the two countries through more efficient trade.
• The food laboratory will be accredited in July-August this year by the National Accreditation Board of Testing and Calibration Laboratories (NABL).
• The lab will soon begin testing samples of cereals, fats and oils, spices, fruits, vegetables, and packaged drinks.
• India would assist to achieve National Accreditation Board of Testing and Calibration Laboratory (NABL) accreditation for Kathmandu Food Laboratory if required.
• The inauguration of the food laboratory in Raxaul is a frequent request of exporters in Nepal, which the Indian government is currently meeting in 2022.

CURRENT AFFAIRS: INTERNATIONAL NEWS

NATO Holds Naval Exercise BALTOPS On Baltic Sea With Finland & Sweden

• The North Atlantic Treaty Organization (NATO) launched a naval exercise BALTOPS 22 on the Baltic Sea.
• 14 NATO allies (Türkiye, Belgium, Bulgaria, Denmark, Estonia, France, Germany, Latvia, Lithuania, the Netherlands, Norway, Poland, the UK, and the US.), 2 NATO partner nations (Finland and Sweden), over 45 ships, more than 75 aircraft, and approximately 7,000 personnel will participate in the 51st iteration of the premier maritime-focused exercise from June 5-17,2022.
• BALTOPS 22 is scheduled to end in the German port of Kiel on June 17, 2022.

Aim :

• To develop the interoperability of the United States, Nato, and partner countries in joint air and maritime operations and amphibious operations
• As NATO’s close partners, Finland and Sweden have participated in the naval drill since the mid-1990s.

About the BALTOPS exercise :

• BALTOPS exercise, which was initiated for the first time in 1972.
• BALTOPS is an annual exercise that visibly demonstrates NATO’s commitment to preserving regional peace and security by exercising a team of international forces that can rapidly respond in a time of crisis

About NATO :

• Established: 4 April 1949
• Headquarters: Brussels, Belgium
• Secretary-General: Jens Stoltenberg
• Member States: 30 (27 European, one transcontinental, and two North American)

CURRENT AFFAIRS: STATE NEWS

Blue Duke Declared as State Butterfly Of Sikkim

• On the occasion of World Environment Day on June 05, 2022, Sikkim Chief Minister Shri Prem Singh Tamang has declared Blue Duke the state butterfly.
• Of the 720 species of butterflies found in Sikkim, Blue Duke was selected as the state butterfly securing 57% votes in a recent online poll conducted by the Forest Department & while Krishna Peacock (Papilio Krishna) secured 43% votes.
• The idea of a state butterfly was brought by butterfly enthusiast Nosang M Limboo from Darap as part of The Butterfly Society of Sikkim (TPCF) in 2018.

About Blue Duke :

• Scientific name of Blue Duke – Bassarona durga durga
• It is unique to Sikkim and the eastern Himalayas.
• It was discovered in Sikkim in 1858.
• Blue Duke falls in Schedule 2 of the Wildlife Protection Act, 1972, and is a protected species in the Himalayas.
• Blue Duke is found at an altitude below 1500 meters in the Himalayas and is commonly found in places like Pakyong, Passingdong, and Hee Gyathang in Dzongu, Lingee in South Sikkim, and Yangsum in West Sikkim and closer to the State capital in places like Tadong-Ranka.

Additional Info :

• Nosang M Limboo is also known as the Butterfly Man of Sikkim.

About Sikkim :

• Governor: Ganga Prasad
• Chief minister: Prem Singh Tamang
• Capital: Gangtok

Tamil Nadu CM Flags off Luxury Cruise liner Empress From Chennai Port

• Tamil Nadu Chief Minister Shri MK Stalin flagged off the luxury cruise liner “Empress” from Chennai port.
• Tourism Minister Shri M Mathiventhan and Tourism department secretary Shri B Chandra Mohan participated in the inaugural function.
• This is considered the first luxury cruise liner to be operated from Tamil Nadu.

About luxury cruise liner “Empress” :

• It is Operated by Cordelia Cruises.
• It is an 11-story tourist vessel that can accommodate up to 2000 passengers and about 800 crew members.
• It has three different packages consisting of two, three, and five days.
• The Empress has 11 decks with 796 cabins, several food pavilions, a dive-in theater, a swimming pool, and a marquee theater.
• The packages include sailing to the high seas from the city port and returning, as well as anchoring at the ports of Puducherry and Visakhapatnam.

About Tamil Nadu :

• Governor: R. N. Ravi
• Capital: Chennai
• Chief minister: M. K. Stalin

Rajasthan CM Ashok Gehlot announces Rajiv Gandhi Khel Ratna Award for sportspersons

• While addressing the inauguration and the player award ceremony at Sawai Mansingh Stadium in Jaipur, The Chief Minister of Rajasthan Shri Ashok Gehlot announced the Rajiv Gandhi Khel Ratna Award will be introduced for sportspersons in Rajasthan.
• He inaugurated Rajasthan High-Performance Sports and Rehabilitation Centre, Renovated Synthetic Hockey Astro Turf and Badminton Indoor Hall, Olympic and also awarded Para Olympic medalists, Asian Games-2022 and Commonwealth Games-2022 players.
• He also announced that the Rajiv Gandhi Rural Olympics will start on August 29, 2022, & more than 27 lakh players of all ages will take part in Rajiv Gandhi Rural Olympics.
• The event will become a big platform for the talent hunt in Rajasthan.
• The winners in the Rural Olympics would also be given priority in the recruitment of vacant posts in the Panchayat cadre.
• He released the torch of Rural Olympics at the ceremony.
• Also, a provision of a 2 percent reservation has been made for the players.
• The pension will be awarded to Arjuna and Dronacharya awardees along with Olympic, Para Olympic, Asian, and Commonwealth Games medal-winners

About Khel Ratna Award :

• Khel Ratna Award which is formally known as Rajiv Gandhi Khel Ratna Award in sports and games is the highest sporting honor in India.
• It is awarded annually by the Ministry of Youth Affairs and Sports.
• As of 2020, Khel Ratna Award comprises a medallion, a certificate, and a cash prize of Rs. 25 lakh.

Arignar Anna Zoological Park Introduces Use of Plastic Bottles in a Unique Way

• The Arignar Anna Zoological Park (Vandalur Zoo), Chennai, Tamil Nadu has introduced a new method to check the littering of plastic bottles inside its premises.
• The Park is one such park that is worried about the increasing pollution near the park which is threatening the animals.
• Meanwhile, the state environment minister Shri V. Meyyanathan and health minister Shri Ma. Subramanian in Chennai distributed the traditional cloth bags called “Manchapai,” which means ‘yellow bags,’ to promote the use of environmentally friendly carry bags instead of harmful plastic bags.

Key Highlights :

• To encourage the visitors to return these bottles to designated disposal points, 10/– will be collected at entry and the same will be refunded once they return the bottle without throwing it into the zoo premises.
• The zoo officials organized a mass tree-planting event involving 350 zoo employees with a slogan of ‘one person, one tree’, to add to the green cover inside the zoo premises.
• To encourage sustainable management practice, the park has introduced fish culture in the existing deep-water troughs.

About Arignar Anna Zoological Park

• It is the first public zoo in India and was established in 1855 to flourish the flora and fauna of the state.
• It is the second wildlife sanctuary in Tamil Nadu after the Mudumalai national park.
• It is spread around 1265 acres and has 2553 species of flora and fauna.
• The park has more than 1500 wild species which includes 46 endangered species.

CURRENT AFFAIRS: BANKING & FINANCE

Kotak Investment Advisors launches ‘Kotak Cherry’

• Kotak Investment Advisors Ltd, a subsidiary of Kotak Mahindra Bank, has launched a curated tech-led investment management platform, Kotak Cherry.
• It will help investors in choosing from a wide array of offerings beyond the ones manufactured by Kotak group companies.
• It is a one-stop solution for all investments and has a target to onboard 10 lakh customers in a year.

About Kotak Cherry :

• Kotak Cherry provides investment solutions ranging from stocks, bonds, mutual funds, fixed deposits and National Pension Scheme (NPS) to progressive investment opportunities like Exchange Traded Funds (ETFs).”
• It is designed to offer holistic investing solutions to users via a robust digital app backed by experienced investment managers.
• It is enabled as a Do It Yourself (DIY) execution platform with plans to turn it into a subscription fee-based model in the future.
• The platform also plans to add other financial solutions like stock baskets, Robo advisory, life, medical, and general insurance, and enable international investing.

About Kotak Mahindra Bank :

• Founded: February 2003
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO: Uday Kotak

Kiya.ai launches India’s first banking metaverse – Kiyaverse

• A digital solutions provider serving financial institutions and governments globally, ai, has launched India’s first-ever banking metaverse – Kiyaverse.

About Kiyaverse :

• Kiyaverse will be used by banks and non-banking finance companies (NBFCs) to enable virtual interactions.
• Through Kiyaverse, Kiya.ai enables consumers to transact, access banking information, and avail of various banking products virtually from the comfort of their homes.
• It will offer services such as virtual relationship managers, peer avatars, and virtual advisors called Robo-advisors.
• Kiyaverse plans to have tokens as NFTs and support central bank digital currencies (CBDCs) to enable open finance in a 0 environment.
• Kiyaverse will interface its Open API connectors with Aggregators, and Gateways to enable a Super-App and Marketplace on the metaverse.
• Kiyaverse provides 3-dimensional analysis of data for Banks including CMO Insights, Product Performance, Risk Analysis, and Channel Analytics.
• It will also interface open API connectors with aggregators and gateways, creating a banking super app and a marketplace in the Kiyaverse.

About Kiya.ai :

• Founded: 1995
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO : Rajesh Mirjankar

India’s forex reserves rise above USD 600 billion

• According to the Reserve Bank of India (RBI) data, India’s foreign exchange (forex) reserves for the week ended May 27 rose from USD 3.854 billion to USD 601.363 billion led by a sharp increase in the country’s foreign currency assets.
• The country’s forex reserves have risen sharply for the second consecutive week after falling for 10 straight weeks.
• The forex reserves had jumped by USD 4.23 billion during the week ended May 20.
• According to the Reserve Bank of India’s weekly statistical supplement, all the components of the forex reserves rose during the week ended May 27 led by a sharp jump in the foreign currency assets.
• India’s foreign currency assets, which are the biggest component of the forex reserves, rose by USD 3.610 billion to USD 536.988 billion during the week under review, the RBI data showed.
• The foreign currency assets had increased by USD 3.825 billion in the previous week.
• The foreign currency assets include the effect of appreciation or depreciation of non-dollar currencies like the Euro, UK’s Pound Sterling, and Japanese Yen held in the foreign exchange reserves.
• The value of gold reserves rose by USD 94 million to USD 40.917 billion during the week under review.
• The value of gold reserves had increased by USD 253 million during the week ended May 20.

Easy Home Finance partners with ICICI HFC to Offer Home loans

• Easy Home Finance Ltd (EASY), a tech-based mortgage company, has partnered with ICICI Home Finance Company Ltd. (ICICI HFC) have entered into a co-lending partnership to disburse affordable home loans in India.

About the Partnership :

• The co-origination, underwriting, and disbursement activities from both parties together will enable a seamless process for new home buyers.
• The Partnership will leverage ICICI HFC’s expertise in the affordable housing segment and EASY’s tech capabilities to enable quick disbursement of affordable home loans and make the dream of owning a home come true, for millions of Indians.
• ICICI HFC has been instrumental in providing a range of Regular Home loans, Affordable Home loans, Loan Against Property (LAP), Micro LAP, Home Improvement Loans, and Construction Finance to developers.
• The partnership eradicated the hassle of long home loan procedures and

Additional Info :

• Easy Home Finance had earlier announced a MaaS (Mortage as a Service) partnership with ESAF Bank as it expands as a mortgage tech company.
• The EHFL had raised a Series-A round from domestic private equity Xponentia Capital, as well as Harbourfront Japan, Finsight VC, RaSa Future Fund, Navida Capital Sweden & Integra Software.

About Easy Home Finance Limited :

• Founded: 2017
• Headquarters: Mumbai, Maharashtra, India
• MD: Mr. Rohit Chokhani

About ICICI Home Finance :

• Founded: 1999
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO : Anirudh Kamani
• ICICI Home Finance is a wholly-owned subsidiary of ICICI Bank and is registered with the regulatory authority of India – National Housing Bank (NHB).
• It provides home and commercial loans, loans against property, gold loans, and accepts fixed deposits

CURRENT AFFAIRS: BUSINESS NEWS

Rubber Board’s electronic trading platform ‘mRube’ to go live:

• mRube, the e-commerce platform promoted by Rubber Board, will go live on June 8.
• Ahmedabad-based ISourcing Technologies is the technology partner.
• mRube follows simple one-time registration.
• KN Raghavan, Executive Director will launch the beta version of the electronic platform at a function in the presence of the Rubber Producer Society and other industry representatives.

Key Points:

• The e-rubber market will be a game-changer in the rubber marketing system.
• Although the rubber business has an innate advantage of high business efficiency, the trading system has not been improved with the changing needs of the consumer sector.
• The rubber market will turn a game into a rubber marketing and advertising system.
• Although the rubber trade has the inherent advantage of being an over-efficient period, the buying and selling system has not been improved to meet the changing needs of the customer sector.
• The e-commerce platform is designed to complement the existing buying and selling system by providing greater transparency and market visibility.
• E-commerce is expected to bring additional business to existing rubber sellers, processors, and producers by reaching new sellers/customers even in remote locations.

About the Rubber Board:

• The Rubber Board is a statutory body constituted by the Government of India, under the Rubber Act 1947, for the overall development of the rubber industry in the country.
• Headquarters: Kottayam, Kerala
• Founded: 18 April 1947.

MS Dhoni invests in Chennai drone company Garuda Aerospace:

• Former Indian cricket captain MS Dhoni has invested an undisclosed amount in Chennai-based Garuda Aerospace, India’s leading provider of drones (DaaS).
• He will also be the face and brand ambassador of the company.
• The investment is part of a seed round, ahead of a $30 million Series A round, which the company is currently in the process of closing at the end of July at a $250 million valuation.

About the Garuda Aerospace:

• Launched in 2015, Garuda Aerospace has made significant inroads into the drone startup ecosystem.
• The company provides low-cost drone-based solutions and has designed drones for 38 diverse applications, including sanitation, agricultural spraying, mapping, industrial, security, delivery, and monitoring.
• Garuda has also made a breakthrough in the defense sector when it won a large order for 33 anti-drone systems for the Ministry of Defense.
• In Uttar Pradesh, under Svamiva, a land survey was carried out to map 1,000 villages.
• This is done to create a digital ownership record, which is made available online.

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

General-Major Bajram Begaj elected as the new Albanian president

• Albanian lawmakers elected General-Major Bajram Begaj, as the country’s new president after no candidates were nominated in three rounds of voting.
• He won the post after the 140-seat Parliament voted 78 in favor, four against and one abstained.
• He will take the oath as the new president on July 25, 2022, to replace Ilir Meta, who will be in office until July 22, 2022.

Note :

• General-Major Bajram Begaj is post-communist Albania’s 8th president and the 3rd from the military ranks.

About General-Major Bajram Begaj :

• Born in Rrogozhina on March 20, 1967.
• He graduated from the Medical Faculty of the University of Tirana.
• He served as the 26th Chief of General Staff of the Albanian Armed Forces from July 2020 to June 2022.

About Albania :

• President: Edi Rama
• Capital: Tirana
• Currency: Albanian lek

CURRENT AFFAIRS: AWARDS & HONORS

Indian Railways was awarded by the UIC International Sustainable Railway Awards (ISRA) in the category of “Best use of Zero-Carbon Technology”

• Indian Railways have been awarded by the UIC International Sustainable Railway Awards (ISRA) in the category of “Best use of Zero-Carbon Technology” for feeding Solar Energy directly to a 25 KV AC Traction System in Berlin, Germany.

UIC International Sustainable Railway Awards 2022 winners :

Overall Winner – Dutch Railways (NS)

• 99% circular train modernization and on track for 100% circular trains in Europe

Outstanding Contribution to Sustainable Rail – Vera Fioriani, CEO, RFI (Italian Rail Network)

IRS11 Participants Award – Swiss Federal Railways (SBB) Inclusive

Best Diversity & Inclusion Initiative – Network Rail

• Project/Initiative Title – Rough sleeping on rail outreach pilot

Best Contribution to COVID Emergency – French National Railways (SNCF)

• Project/Initiative Title – Medical TGV trains: transport for patients suffering from COVID-19

Best Use of Zero-Carbon Technology – Indian Railways

• Project/Initiative Title – Solar energy directly feeding 25 AC traction system

Best Green Corridor – Network Rail

• Project/Initiative Title – Delivering innovative biodiversity measurement for the benefit of people, wildlife, and the planet

Best Circular Economy Project – Dutch Railways (NS)

• Project/Initiative Title – 99% circular train modernization and on track for 100% circular trains in Europe

Best Multimodal Partnership – Italian Rail Network (RFI)

• Project/Initiative Title – StationLAND

Rebuilding Confidence in Railways – Network Rail

• Project/Initiative Title- King’s Cross seating

Best Climate Change Adaptation & Resilience – Indian Railways

• Project/Initiative Title- Indian Railways Mission Electrification
• Railways are an environmentally friendly means of bulk transportation.
• For environment protection, Railways have been continuously taking major initiatives that have a positive impact on the environment by way of reducing pollution/GHG emissions, promoting resources and energy efficiency, and contributing to sustainability.

Some of these initiatives are briefly reproduced below:-

• Increasing modal share of Railways in the overall land-based freight transport through network augmentation and setting up of Dedicated Freight Corridors (DFCs)
• Improving energy efficiency through energy-efficient technologies and energy-efficient measures like the use of LEDs
• Increasing the share of renewable energy in the energy mix.
• Use of alternate fuels like CNG.
• Improving water use efficiency through measures like water recycling and rainwater harvesting.
• Afforestation at railway land to increase carbon sink.
• Installation of Bio Toilets on the entire fleet of BG coaches.
• Green Certifications of industrial units, railway stations, and other railway establishments.
• Environment Management System (EMS): ISO 14001 certification of railway stations.
• Consent to Operate (CTO)/Consent to Establish (CTE) for railway stations from CPCB.
• Solid Waste Management.

About UIC International Sustainable Railway Awards :

• The UIC International Sustainable Railway Awards (ISRA) promote and celebrate innovation in mobility that delivers social (‘people’), environmental (‘planet’), and economic (‘prosperity’) sustainability.

About Ministry of Railways :

• Minister of Railways: Ashwini Vaishnav
• Minister of State: Raosaheb Danve, Darshana Jardosh
• Chairman and CEO of Railway Board: Vinay Kumar Tripathi

IIFA Awards 2022: Vicky Kaushal and Kriti Sanon win top acting honors    

• The 22nd edition of the International Indian Film Academy (IIFA) Awards 2022 was held in Abu Dhabi, the United Arab Emirates hosted by Salman Khan, Maniesh Paul, and Riteish Deshmukh.
• Sidharth Malhotra’s Shershaah won as many as five categories & dominated the awards in 2022.

Complete List of Winners in IIFA Awards 2022 :

• Best Actor (Male) – Vicky Kaushal for Sardar Udham
• Best Actor (Female) – Kriti Sanon for Mimi
• Best Director – Vishnuvaradhan for Shershaah
• Best Film – Hiroo Yash Johar, Karan Johar, Apoorva Mehta, Shabbir Boxwala, Ajay Shah, Himanshu Gandhi for Shershaah.
• Best Playback Singer Female – Asees Kaur for ‘Raataan Lambiyan’, Shershaah.
• Best Playback Singer Male – Jubin Nautiyal for the song ‘Raataan Lambiyan’, Shershaah.
• Best Lyrics – Kausar Munir for ‘Lehra Do’, 83.
• Best Music Direction – A R Rahman for Atrangi Re and Jasleen Royal, Javed-Mohsin, Vikram Montrose, B Praak, Jaani for Shershaah
• Best Male Debut – Ahan Shetty for Tadap
• Best Female Debut – Sharvari Wagh for Bunty Aur Babli 2
• Best Story Adapted – Kabir Khan, Sanjay Puran Singh Chauhan for 83.
• Best Original Story – Ludo by Anurag Basu
• Best Supporting Actor Female – Sai Tamhankar for Mimi
• Best Supporting Actor Male – Pankaj Tripathi for Ludo

CURRENT AFFAIRS: RANKS & REPORTS

THE Asia University Rankings 2022: IISc Bangalore emerges top Indian University

• According to the 2022 edition of the Asia University Rankings released by the Times Higher Education (THE), India is the third most-represented country, with 71 institutions.
• In 2021, a total of 62 Indian institutions participated in the rankings.
• The 2022 rankings comprise 616 universities from 31 countries and territories across Asia.

Indian Universities Rankings in THE Asia University Rankings 2022:

• The Indian Institute of Science (IISc), Bangalore, is the only institute to make the top-50 list with 42 ranks.
• In the top 100 rankings, 4 Indian Universities have been placed i.e. Mysore-based JSS Academy of Higher Education and Research on 65th, IIT Ropar on 68th, IIT Indore on 87th position, and IISc Bangalore on 42nd.
• As compared to the 2021 rankings, all the Indian institutes in top-100 have slipped down & there are 17 Indian universities in the top 200 as compared to 18 in 2021.
• Of the 14 that have made it to the ranking in both years, 8 have risen.

Key Highlights :

• The top two universities on this list are from China for the third consecutive year.

1. Tsinghua
2. Peking universities

• In 2022, Japan is the most-represented nation again, with 118 institutions, up from 116 in 2021.
• Overall, there are 97 mainland Chinese universities in the ranking, up from 91 in 2021, making it the second most-represented nation on the table.
• A Palestinian university is ranked for the first time and Saudi Arabia has increased its representation in the top 100 from four to six institutions.

Asia University Rankings 2022: Top Indian universities.

TCS retains 10th position among global BPM providers in 2021

• According to Everest Group, Tata Consultancy Service (TCS) has retained its 10th position among the top global BPM (business process management) providers in 2021.
• The ranking is based on a composite score of revenue (more than US$ 3 billion for TCS) and revenue growth (14-16% over 2020).

Key Highlights :

In terms of revenue, the top five BPM players :

1. ADP
2. Teleperformance
3. Accenture
4. Concentrix
5. Sitel Group.

Top five fastest-growing companies YoY(Year on Year)

1. Tech Mahindra
2. Telus International
3. Majorel
4. Teleperformance
5. Comdata

• Also, Infosys, Wipro, and Tech Mahindra’s BPM businesses were ranked 20, 21, and 22, respectively, with revenue of US$ 1.3 billion, US$1.4-1.5 billion, and US$ 675 million.
• The Everest Group’s top 50 rankings are based on both revenue and year-on-year growth.
• In that Revenues comprise 75% of the composite score, and growth 25%.

Growth has two sub-parameters:

1. Absolute growth (measured as change in revenue in US dollar million and accounting for 12.5% of the composite score)
2. Percentage growth (measured as a percentage change in BPM revenue and accounting for the other 12.5%).

• The top 50 providers added $11.8 billion in incremental revenue in 2021, an 8-fold increase from 2020.
• The top 10 providers contributed about 60% of the total incremental revenue, the providers ranked from 11 to 50 added more than $5 billion in revenue in 2021.

About TCS :

• Founded: 1968
• Headquarters: Mumbai, Maharashtra, India
• Chairman : Natarajan Chandrasekaran
• MD & CEO : Rajesh Gopinathan

CURRENT AFFAIRS: MOUS AND AGREEMENT

India & Canada signed MoU on Climate Action for Stronger Cooperation:

• India and Canada signed a Memorandum of Understanding to strengthen bilateral cooperation on climate change, conservation, and environmental conservation.
• On the sidelines of the Stockholm+50 summit, EU Environment Minister Bhupender Yadav and his Canadian counterpart Steven Guilbeault signed a Memorandum of Understanding (MoU).
• The Stockholm+50 Summit, which will take place in Stockholm in June 2022, will bring together leaders of state and government to commemorate the 50th anniversary of the Stockholm Conference.
• This summit, which is based on the Decade of Action, comes after months of deliberations and talks with governments, organizations, and civil society participants.

Key Points:

• The gathering was organized to celebrate the 50th anniversary of the Stockholm Summit, the first world conference on the environment.
• Under the terms of the agreement, the two countries will work together, share information, and expertise and support each other in their goals in various areas, including increasing renewable energy capacity decarbonizing heavy industries, reducing plastic pollution, promoting chemical safety, and ensuring sustainability consumption.

CURRENT AFFAIRS: SPORTS NEWS

India ends their campaign at Bolat Turlykhanov Cup in the second position with 12 medals:

• In Wrestling, India ended their campaign at the Bolat Turlykhanov Cup at Almaty in Khazakstainon in the second position with 12 medals.
• This included a tally of six golds, one silver, and five bronze medals in total.
• Iran topped the medal tally with 14 medals.
• Out of six gold medals, five were clinched by women.
• World and Asian Championship bronze medallist Sarita Mor grabbed her first gold medal of the 2022 season in 59 kg, while Manisha won her first gold in seniors in 65 kg.

Winners List:

• Mansi Ahlawat won the yellow metal in 57 kg while Sakshi Malik grabbed gold in 62 kg.
• Divya Kakran also won the gold medal in 68 kg.
• Bipasha won Silver in 72 kg while Pooja Sihag in 76 kg and Sushma Shokeen in 55 kg bagged the bronze medal.
• In Men’s category, Aman Sehrawat grabbed gold in 57 kg while Bajrang Punia in 65 kg, Mohit Grewal in 125 kg, and Neeraj in 63 kg won bronze medals.

Union Civil Aviation Minister Shri Jyotiraditya Scindia has announced first-ever National Air Sports Policy 2022:

• Union Civil Aviation Minister Shri Jyotiraditya Scindia has announced first-ever National Air Sports Policy-2022 in New Delhi.
• The objective of this policy is to include India among the top air sporting nations by 2030.
• It is also aimed at providing a safe, affordable and sustainable air sports ecosystem in the country.
• Eleven air sports including Aerobatics, Ballooning, Gliding, Parachuting, Powered aircraft, and Rotorcraft will be promoted through this policy.

Key Points:

• This policy will create a robust ecosystem of air sports activities in the country.
• This will help in the generation of one lakh jobs in the sector and increase the revenue from existing 100 crore rupees to 10 thousand crore rupees in coming years.
• The Civil Aviation Minister, segregated air spaces will be created in certain locations to allow uninhibited air sporting activities in the designated areas.
• Domestic manufacturing of air sports equipment will be promoted through this policy.
• Scindia said a four-tier governance structure, the Air Sports Federation of India has been formed which will cover all aspects of air sports.

Daily CA’ on June 08 :

• Prime Minister Shri Narendra Modi has launched the Global Initiative Lifestyle for the Environment (LiFE) movement and said his vision is to live a lifestyle that is in harmony with our planet and without harming it.
• President Shri Ram Nath Kovind has paid tributes to Sant Kabir and inaugurated Sant Kabir Academy and Research Centre and Swadesh Darshan Yojana at Kabir Chaura Dham, Maghar, Uttar Pradesh.
• In Raxaul in Bihar, the Minister of Health and Family Welfare and Chemicals and Fertilizers, Mr. Mansukh Mandaviya, inaugurated the FSSAI National Food Laboratory.

• The North Atlantic Treaty Organization (NATO) launched a naval exercise BALTOPS 22 on the Baltic Sea.
• On the occasion of World Environment Day on June 05, 2022, Sikkim Chief Minister Prem Singh Tamang has declared Blue Duke the state butterfly.
• Tamil Nadu Chief Minister MK Stalin flagged off the luxury cruise liner “Empress” from Chennai port.
• While addressing the inauguration and the player award ceremony at Sawai Mansingh Stadium in Jaipur, The Chief Minister of Rajasthan Ashok Gehlot announced that the Rajiv Gandhi Khel Ratna Award will be introduced for sportspersons in Rajasthan.
• The Arignar Anna Zoological Park (Vandalur Zoo), Chennai, Tamil Nadu has introduced a new method to check the littering of plastic bottles inside its premises.
• Kotak Investment Advisors Ltd, a subsidiary of Kotak Mahindra Bank, has launched a curated tech-led investment management platform, Kotak Cherry.
• A digital solutions provider serving financial institutions and governments globally, Kiya.ai, has launched India’s first-ever banking metaverse – Kiyaverse.
• According to the Reserve Bank of India (RBI) data, India’s foreign exchange (forex) reserves for the week ended May 27 rose from USD 3.854 billion to USD 601.363 billion led by a sharp increase in the country’s foreign currency assets.
• Easy Home Finance Ltd (EASY), a tech-based mortgage company, has partnered with ICICI Home Finance Company Ltd. (ICICI HFC) have entered into a co-lending partnership to disburse affordable home loans in India.

• mRube, the e-commerce platform promoted by Rubber Board, will go live on June 8.
• Former Indian cricket captain MS Dhoni has invested an undisclosed amount in Chennai-based Garuda Aerospace, India’s leading provider of drones (DaaS).

• Albanian lawmakers elected General-Major Bajram Begaj, as the country’s new president after no candidates were nominated in three rounds of voting.
• Indian Railways have been awarded by the UIC International Sustainable Railway Awards (ISRA) in the category of “Best use of Zero-Carbon Technology” for feeding Solar Energy directly to a 25 KV AC Traction System in Berlin, Germany.
• The 22nd edition of the International Indian Film Academy (IIFA) Awards 2022 was held in Abu Dhabi, the United Arab Emirates hosted by Salman Khan, Maniesh Paul, and Riteish Deshmukh.
• According to the 2022 edition of the Asia University Rankings released by the Times Higher Education (THE), India is the third most-represented country, with 71 institutions.
• According to Everest Group, Tata Consultancy Service (TCS) has retained its 10th position among the top global BPM (business process management) providers in 2021.

• India and Canada signed a Memorandum of Understanding to strengthen bilateral cooperation on climate change, conservation, and environmental conservation.
• In Wrestling, India ended their campaign at the Bolat Turlykhanov Cup at Almaty in Khazakstainon in the second position with 12 medals.
• Union Civil Aviation Minister Shri Jyotiraditya Scindia has announced first-ever National Air Sports Policy-2022 in New Delhi.

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