Daily Current Affairs: June 16, 2021

Daily Current Affairs (June 16, 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

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy releases Rs. 248 crores for YSR Vahana Mitra

• Andhra Pradesh Chief Minister YS Jagan Mohan Reddy announced 248.47 crores to be credited into the accounts of 2,48,468 beneficiaries under the YSR Vahana Mithra scheme.
• This was the third consecutive year that Andhra Pradesh Government had extended financial assistance of 10,000 for eligible autorickshaws and taxi drivers.

Andhra Pradesh

• Capital: Amaravati
• Chief Minister: YS Jaganmohan Reddy 
• Governor: Biswa Bhushan Harichandan
• Folk dances: Kuchipudi, Vilasini Natyam, Bhamakalpam, Veeranatyam
• National Parks: Sri Venkateswara National Park, Rajiv Gandhi National Park, Papikonda National Park

Odisha celebrates the 3-day Raja Parba festival

• Raja Parba (Mithuna Sankranti) is a 3-day festival that celebrates womanhood. The festival is celebrated across the state of Odisha.
• The festival became more popular as an agricultural occasion remarking the worship of Bhudevi (the wife of Lord Jagannath).

Odisha                     

• Capital: Bhubaneswar
• Chief Minister: Naveen Patnaik
• Governor: Ganeshi Lal
• Festivals: Dhanu Yatra, Budi Thakurani Yatra, Magha Saptami, Chhau, Dola Purnima
• Folk Dances: Chhau, Gotipua, Ghumura, Ranappa, Chaiti Ghoda, Sambalpuri

Union Minister for Tribal Affairs Arjun Munda launches the tribal livelihoods initiative “Sankalp Se Siddhi – Mission Van Dhan”

• Union Minister for Tribal Affairs Arjun Munda had launched the tribal livelihoods initiative “Sankalp Se Siddhi – Mission Van Dhan”.
• Seven new Tribes India outlets were inaugurated virtually at Jagdalpur, Ranchi, Jamshedpur and
• Immunity boosting hampers, Tribes India Coffee table book, new TRIFED Head Office were among the other highlights of the mega-launch virtual event ‘Sankalp Se Siddhi’ – Mission Van Dhan.

NHPC signs a pact with BSHPC to set up a 130.1-MW hydropower project in Bihar

• State-owned National Hydroelectric Power Corporation (NHPC) signed a pact with Bihar State Hydroelectric Power Corporation (BSHPC) to implement a 130.1-megawatt (MW) Dagmara hydroelectricity project in Bihar.
• A memorandum of understanding (MoU) was signed between public sector hydropower firm NHPC and BSHPC for the implementation of the 130.1 MW Dagmara hydroelectric project in the Supaul district of Bihar.

Telangana AI Mission launches ‘Revv Up’ accelerator program for AI startups

• The Government of Telangana has launched the Telangana AI Mission (T-AIM) powered by the National Association of Software and Service Companies (NASSCOM) as part of the “2020 Year of AI”
• T-AIM announced the launch of the accelerator program ‘Revv Up’ that will enable and empower AI startups.
• The vision of T-AIM is to develop the state of Telangana as a global hub for artificial intelligence (AI) and leverage it for societal good.

Telangana               

• Capital: Hyderabad
• Chief Minister: K Chandrashekar Rao
• Governor: Tamilisai Soundararajan
• National Parks: KasuBrahmananda Reddy National Park, Mahaveer Harina National Park, Mrugavani National Park

Union Ministry of Ports, Shipping and Waterways signs an MoU with the Union Ministry of Civil Aviation for the Development of sea plane services in India

• Union Ministry of Ports, Shipping and Waterways signed a Memorandum of Understanding (MoU) with the Union Ministry of Civil Aviation for the Development of sea plane services in India.
• This MoU envisages the development of the Non-Scheduled (or) Scheduled operation of seaplane services within the territorial jurisdiction of India under the Regional Connectivity Scheme-UDAN (Ude Desh ka Aam Naagrik) scheme of the Government of India.

Ambuja Cement Foundation and NABARD partners to skill rural youth across India

• Corporate Social Responsibility (CSR) arm of Ambuja Cements Limited, Ambuja Cement Foundation (ACF), partnered with the National Bank for Agriculture and Rural Development (NABARD) for the implementation of its Employability through Skill Initiative Project (ESIP) Phase II.
• ACF received grant assistance from the NABARD under the Gramya Vikas Nidhi, a fund created for the development of off-farm sector activities.

National Bank for Agriculture and Rural Development (NABARD)

• Headquarters: Mumbai, Maharashtra
• Formation: 12 July 1982
• Chairman: Chintala Govinda Rajulu

International News

Henri Marie Dondra was named as the Prime Minister of the Central African Republic

• Henri Marie Dondra was appointed as the Prime Minister of the Central African Republic (CAR). He replaced Firmin Ngrebada.
• He was the former Finance Minister of the Central African Republic.

Central African Republic:

• Capital: Bangui
• Currency: Central African CFA Franc
• President: Faustin-Archange Touadéra
• Prime Minister: Henri Marie Dondra

India ties up with Russia as the fourth largest forex reserves holder

• India has tied with Russia as the fourth largest reserve holder in the world. The forex reserve of Russia is calculated to be $605.2 billion.
• As per the Reserve Bank of India (RBI) data, India’s foreign exchange reserves crossed the $600 billion mark for the first time after increasing by $6.842 billion.

Countries with the highest foreign reserves

1. China – $3,330 Billion
2. Japan – $1,378 Billion
3. Switzerland – $1,070 Billion
4. Rusia – $605.200 Billion
5. India – $605.008 Billion

Russia

• Capital: Moscow
• Currency: Russian Rouble
• President: Vladimir Putin
• Prime Minister: Mikhail Mishustin

Banking and Economy

Ujjivan Small Finance Bank collaborates with MoEngage to drive its digital banking experiences

• Ujjivan Small Finance Bank has collaborated with customer engagement platform MoEngage to drive its digital banking experiences in the unserved and underserved regions of India.
• The collaboration aims to build a vast presence of the bank for connecting with customers in these regions through multiple digital touchpoints.

Ujjivan Small Finance Bank

• Headquarters: Bengaluru, Karnataka
• MD & CEO: Nitin Chugh
• Tagline: “We believe in your belief”

ICICI Bank launches a digital banking solution for corporate companies named ‘ICICI STACK for Corporates’

• Private sector lender ICICI Bank announced the launch of ‘ICICI STACK for Corporates’ a comprehensive set of digital banking solutions for corporates and their entire ecosystem, including promoters, group companies, employees, dealers, vendors and all other stakeholders.
• ICICI STACK for Corporates provides customised digital banking services to companies in over 15 sectors such as financial services, IT/ITES, pharmaceuticals, steel and their entire ecosystem.

ICICI (Industrial Credit and Investment Corporation of India)

• Headquarters: Mumbai, Maharashtra
• MD and CEO: Sandeep Bakhshi
• Tagline: Hum Hai Na, Khyal Apka

Awards and Recognition

Indian-origin Amika George was honoured as a Member of the Order of the British Empire (MBE) for her services to education

• A 21-year-old Amika George was honoured as a Member of the Order of the British Empire (MBE) for services to education.
• She crusades for free hygiene products for girls living in poverty with no access to menstrual products. She is from Edgware in Northwest London and is currently pursuing the study of Indian colonial history at Cambridge University.

IIT Kanpur professor Mukesh Sharma was appointed as an honorary member of WHO’s Technical Advisory Group

• A professor from IIT Kanpur, Mukesh Sharma, was appointed as an honorary member of the World Health Organization’s (WHO) Global Air Pollution and Health – Technical Advisory Group (GAPH-TAG).
• He was associated with the Civil Engineering Department at IIT Kanpur and an air quality expert.

Obituary

Veteran actor Chandrashekhar passed away at 98

• Veteran actor Chandrashekhar passed away at the age of 98. He was best known for featuring in films like “Cha Cha Cha”, and “Surang” and playing the role of Arya Sumant on the popular TV serial “Ramayan”.

Sports News

Kathryn Bryce and Mushfiqur Rahim were named the ICC Players of the Month for May 2021

• All-rounder Kathryn Bryce from Scotland was named as the International Cricket Council (ICC) Women’s Player of the Month for May 2021.
• Bangladesh wicketkeeper-batsman Mushfiqur Rahim was named as the International Cricket Council (ICC) Men’s Player of the Month for May 2021.

International Cricket Council (ICC)

• Headquarters: Dubai, United Arab Emirates (UAE)
• Chief Executive Officer: Manu Sawhney
• Chairman: Greg Barclay
• Motto: “Cricket for Good”

D Gukesh wins the Gelfand Challenge chess title 2021

• D Gukesh sensationally won the $15,000 Gelfand Challenge chess title 2021 and with it, a ‘wild card’ for the elite Meltwaters Champions Chess Tour.
• He won all four rounds, including the key battle against Praggnanandhaa and emerged on top after a series of favorable results from the games involving other title-contenders.

Daily CA June 16 One-liner:

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