Daily Current Affairs: June 11, 2021

Daily Current Affairs (June 11, 2021) like many other sections is inevitable and this also helps to score in the Banking awareness, Static GK, and Financial Awareness sections. Remember, Banking Awareness, and Static Awareness Questions are asked from the General Awareness section. This will also help you to ride your preparations for the forthcoming exams.

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 National News

PGCIL commissions India’s first VSC-based HVDC power transmission system

• Power Grid Corporation of India Limited (PGCIL) has fully commissioned India’s first Voltage Source Converter (VSC) based High Voltage Direct Current (HVDC) electricity transmission system.
• The 2,000 MW electricity transmission system, consisting of 2 links between Pugalur in Tamil Nadu and Thrissur in Kerala.

International News

Former Mongolian Prime Minister Ukhnaa Khurelsukh was elected as the 6^th President of Mongolia

• Former Mongolian Prime Minister Ukhnaa Khurelsukh was elected as the sixth President of Mongolia. He was forced to resign as prime minister after protests earlier this year (2021). He succeeded Khaltmaa Battulga.

Mongolia

• Capital: Ulaanbaatar
• Currency: Mongolian tögrög
• President: Ukhnaa Khurelsukh

The first edition of the Arab-India Energy Forum was held virtually

• The first edition of the two-day Arab-India Energy Forum (AIEF) was held in a virtual format under the Co-Chairship of India and the Kingdom of Morocco to boost energy cooperation and intra-regional power trading.
• The inaugural session of the forum was addressed by Union Minister of State (Independent Charge) for Power RK Singh, Minister of Energy and Mines of Morocco Aziz Rabbah, and Assistant Secretary-General for Economic Affairs of the League of Arab States (LAS) Kamal Hasan Ali.

Kingdom of Morocco

• Capital: Rabat
• Currency: Moroccan Dirham
• King: Mohammed VI

The first meeting of the India-Australia Joint Working Group on Cyber Security Cooperation was held virtually

• The first meeting of the Joint Working Group on Cyber Security Cooperation between India and Australia was held virtually.
• The Joint Working Group on Cyber Security Cooperation is a mechanism established under the Framework Arrangement on the Cyber and Cyber-enabled Critical Technology Cooperation between India and Australia to implement the 2020–25 Plan of Action under the Framework.
• Both countries agreed to broad-base cooperation in the spheres of the digital economy and cyber-enabled critical technologies, noting the need to strengthen the security of critical information infrastructure such as 5G telecom networks.

Australia:

• Capital: Canberra
• Currency: Australian Dollar
• Prime Minister: Scott Morrison

Banking and Economy

DBS tops the 2021 Forbes World’s Best Banks list in India category

• DBS (Development Bank of Singapore) has been named by Forbes in their list of World’s Best Banks 2021 in India category.
• DBS was ranked number 1 out of 30 domestic and international banks in India for the second consecutive year.
• The second bank on the list was Kerala-based Catholic Syrian Bank (CSB), followed by ICICI Bank, HDFC Bank, Kotak Mahindra Bank and Axis Bank. State Bank of India ranked seventh on the list.

DBS Bank India

• Headquarters: Mumbai, Maharashtra
• MD and CEO: Surojit Shome

Indian Bank partners with Fisdom to offer wealth management solutions

• Indian Bank has partnered with wealth-tech company Fisdom to offer a comprehensive suite of wealth management products and services to the bank’s 10 crore customers.
• The partnership will focus on enabling large-scale facilitation and distribution of wealth products and services through Indian Bank’s network of about 6,000 branches and its digital properties, including the mobile banking application and internet banking portal.

Indian Bank

• Headquarters: Chennai, Tamil Nadu
• MD and CEO: Padmaja Chunduru
• Establishment: 1907
• Tagline: “Your Own Bank”
• Allahabad Bank was amalgamated with the Indian Bank on 1 April 2020.

RBI allows banks to charge Rs. 21 for post limit ATM transactions from 1 January 2022

• The Reserve Bank of India (RBI) has permitted banks to increase charges for cash and non-cash ATM transactions beyond the free monthly permissible limit from 2022.
• Bank customers will have to pay 21 per transaction instead of Rs. 20, with effect from 1 January 2022, if they exceed the monthly limit of free transactions.

PayNearby ties up with IndiaFirst Life Insurance to provide insurance solutions for retailers

• India’s leading branchless banking and digital payments Network, PayNearby has launched a unique insurance solution, ‘Poorna Suraksha’, for its retail community.
• This pocket-friendly 3-in-1 offering is designed in partnership with IndiaFirst Life Insurance Company Limited to safeguard PayNearby’s retailers during the COVID-19 pandemic.

Science and Technology

IIT Kharagpur scientists develop a new technique to detect cyclones earlier than satellites

• IIT Kharagpur scientists have found a promising technique for early detection of development or strengthening of tropical cyclones in the atmospheric column before satellite detection over ocean surface in the northern Indian Ocean region.
• Early detection of tropical cyclones has wide socio-economic implications. A larger time gap between the detection and the impact of the cyclone could help preparation activities.

Appointments

Swedish Minister appoints Sunita Narain to an international advisory group for action on the environment, climate and biodiversity

• Noted environmentalist Sunita Narain was appointed to an international advisory group for action on the environment, climate and biodiversity by Per Olsson Fridh, Swedish Minister for International Development Cooperation.

Anand Prakash Badola takes charge as the Inspector General of the East Indian Coast Guard region

• Anand Prakash Badola took over the charge as the Inspector General of the East Indian Coast Guard region at Chennai. He succeeded S Paramesh.
• He joined the Indian Coast Guard (ICG) in 1990 and has commanded every class of Indian Coast Guard ships in service.

Obituary

Noted environmentalist and educationist Radhamohan passed away at 78

• Noted environmentalist, retired professor in Economics and Padma Shri awardee Radhamohanpassed away at the age of 78. He was conferred with the prestigious Padma Shri Award (the fourth highest civilian honour in India) in 2020 for his contribution to the agriculture sector.

Sports News

India’s Sunil Chhetri surpasses Lionel Messi in international goals

• Indian football star Sunil Chhetri has surpassed Argentina’s Lionel Messi (72) to become the second-highest active international goal scorer with 74 goals. Portugal’s Cristiano Ronaldo tops the international list among active players with 104 goals.

Virendra Sehwag and Sanjay Bangar launch cricket coaching website “Cricuru”

• India’s star cricketer Virender Sehwag along with former Indian Player and Batting Coach of the Indian Cricket team (2015–19) Sanjay Bangar, launched “Cricuru” (www.cricuru.com), an experiential learning website for cricket coaching.
• The platform is an AI-based cricket coaching platform offering a personalised learning experience for its users.

Neeraj Chopra wins javelin gold medal in Meeting Cidade de Lisboa in Lisbon

• India’s Neeraj Chopra won the javelin gold medal in the Meeting Cidade de Lisboa held in Lisbon, Portugal, with a throw of 83.18 metres.
• Leandro Ramos of Portugal was second with a throw of 72.46 m Francisco Fernandes from Portugal was third with a throw of 57.25 m.

Daily CA June 11 One-liner:

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