Daily Current Affairs: June 27 & 28, 2021

Daily Current Affairs (June 27 & 28, 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.

Also, Don’t forget to attend the Daily Current Affairs Quiz – June 27 & 28, 2021, now @ our Bankersdaily Tests.

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Important Days

International MSMEs Day – 27 June

• International Micro, Small and Medium Enterprises (MSMEs) Day is celebrated annually on 27 June to recognise the contribution of MSMEs industries in the implementation of the Sustainable Development Goals (SDGs).
• 2021 Theme: “MSME 2021: The key to an inclusive and sustainable recovery”

National News

Union Minister Jitendra Singh inaugurates a mega quintal capacity seed processing plant in Jammu and Kashmir

• Union Minister Jitendra Singh has inaugurated a mega quintal capacity seed processing plant at Kathua District in Jammu and Kashmir. This plant will help in doubling farmers’ income in India and the plant will cater to the entire Union Territory of Jammu Kashmir.
• This mega quintal capacity seed processing plant with 16 lakh seed generation and 24 lakh seed processing capacity is the first-of-its-kind to have come up in this entire region.

Jammu and Kashmir

• Capital: Srinagar (Summer), Jammu (Winter)
• Lt. Governor: Manoj Sinha
• National Parks: Hemis National Park, City Forest (Salim Ali) National Park, Dachigam National Park, Kishtwar National Park
• Wildlife Sanctuaries: Changthang Cold Desert Wildlife Sanctuary, Gulmarg Wildlife Sanctuary, Jasrota Wildlife Sanctuary, Baltal-Thajwas Wildlife Sanctuary, Karakoram (Nubra Shyok) Wildlife Sanctuary
• Lakes: Mansar Lake, Nagin Lake, Wular Lake, Surinsar Lake, Dal Lake

Union Minister Narendra Singh Tomar addresses the CII Northern Region Food Processing Summit 2021

• Union Minister for Agriculture & Farmers Welfare, Food Processing Industries, Rural Development and Panchayati Raj Narendra Singh Tomar virtually addressed the 3^rd edition of the Northern Zone Food Processing Summit organised by the Confederation of Indian Industry (CII).
• The Government of India has taken several initiatives to harness the food and horticulture potential of India to encourage investment and development in the agriculture sector as well as to provide a better environment to the existing enterprises.

Confederation of Indian Industry (CII)

• Headquarters: New Delhi
• President: TV Narendran 

International News

India reviews bilateral cooperation with Indonesia under Comprehensive Strategic Partnership framework

• The sixth round of the Foreign Office Consultations (FOC) between India and Indonesia was held virtually. India reviewed the entire gamut of the bilateral relationship under the framework of Comprehensive Strategic Partnership.
• Riva Ganguly Das, Secretary (East), led the Indian delegation while the Indonesian side was led by Director-General for the Asia Pacific and Africa, Abdul Kadir Jailani. 

Banking and Economy

LIC launches “e-PGS” web portal for group business operations

• Life Insurance Corporation (LIC) has launched a new centralised, web-based and workflow-based IT platform “e-PGS” for its group business operations.
• This portal will provide very innovative features of seamless and integrated banking with automatic reconciliations.

Life Insurance Corporation of India (LIC)

• Headquarters: Mumbai, Maharashtra
• Founded: 1 September 1956
• Chairman: MR Kumar

RBI extends the regulatory restrictions on PMC Bank for six months till December 2021

• The Reserve Bank of India (RBI) has extended the regulatory restrictions on Punjab and Maharashtra Cooperative (PMC) Bank by another six months till December 2021 to enable the completion of its takeover by Centrum Financial Services and BharatPe.
• The decision came a week after the RBI granted an “in principle” approval to Centrum Financial Services and BharatPe for setting up a small finance bank (SFB).

Punjab and Maharashtra Cooperative (PMC) Bank

• Headquarters: Mumbai, Maharashtra
• Founded: 1984

Ind-Ra revises India’s GDP growth to 9.6% for FY22

• India Ratings and Research (Ind-Ra) has projected India’s GDP growth rate to 9.6 per cent from 10.1 per cent for fiscal year FY22 (2021–22).

Science and Technology

IIT Madras develops drone algorithms to understand how fire behaves in space stations and satellites

• Researchers at the Indian Institute of Technology (IIT) Madras have developed algorithms for drones to help study how fire behaves in space stations, shuttles and satellites.
• According to the team, a multirotor microgravity platform can also simulate reduced-gravity environments similar to the Moon and Mars, thereby recreating those conditions on the Earth for experiments.

India successfully test-fires ‘Agni Prime’ missile off the Odisha coast

• India successfully test-fired its new generation nuclear-capable Agni Prime missile from a defence base off the Odisha coast. The surface-to-surface ballistic missile has a range of 1,000 to 2,000

Appointments

Suresh Patel was appointed as the new Central Vigilance Commissioner (CVC)

• Vigilance Commissioner Suresh N Patel to act as the Central Vigilance Commissioner (CVC) in the Central Vigilance Commission. He succeeded Sanjay Kothari.
• The CVC is headed by the CVC and can have a maximum of two Vigilance Commissioners.

Meenesh Shah takes additional charge as the Chairman of the NDDB

• National Dairy Development Board (NDDB)‘s executive director, Meenesh Shah, was appointed as the Chairman of the NDDB for six months.
• He has taken over the additional charge as NDDB Chairman effective 1 June 2021 after Varsha Joshi’s tenure ended on 31 May 2021.

Awards and Recognitions

Taj Hotel was named as the strongest hotel brand in the world: Brand Finance Report

• According to the world’s leading brand valuation consultancy Brand Finance’s report, Taj Hotel was named as the strongest hotel brand in the world.
• Taj received an overall Brand Strength Index of 3 out of 100, with a corresponding AAA rating for customer familiarity, employee satisfaction and corporate reputation, as well as its world-class customer service.

Books and Authors

A new book titled “The Startup Wife” was authored by Tahmima Anam

• Award-winning writer, novelist and columnist Tahmima Anam’s new book is titled “The Startup Wife”. The book is published by Penguin Random House India.

Rankings

Indore and Surat bag the 2020 Smart Cities Award for Best Performance

• Indore (Madhya Pradesh) and Surat (Gujarat) were adjudged joint winners of the Union Housing and Urban Affairs Ministry’s Smart Cities Award 2020. The awards were announced to commemorate six years of the Smart Cities Mission (SCM).
• Uttar Pradesh secured the first position in the state awards category, followed by Madhya Pradesh and Tamil Nadu.
• Chandigarh bagged the award for Union territories category, while Indore won the ‘Innovative Idea Award’.
• Ahmedabad bagged the ‘Smart Cities Leadership Award’, followed by Varanasi and Ranchi in the second and third spots, respectively.

Ashgabat is the world’s most expensive city for foreign workers: Mercer Cost of Living Survey Report 2021

• According to the 2021 Mercer Cost of Living Survey, Turkmenistan’s capital city Ashgabat has become the world’s most expensive city for foreign workers.
• Ashgabat was followed by Hong Kong, Tokyo, Shanghai, Zurich and Singapore.
• Mumbai remains India’s most expensive city at the 78^th Other Indian cities on the list are New Delhi (117^th rank), Chennai (158^th rank), Bengaluru (170^th rank) and Kolkata (181^st rank).

India ranks 31 among 46 countries on ‘trust in news’: Reuters Institute Digital News Report 2021

• According to the Reuters Institute Digital News Report 2021, India ranked 31 out of 46 countries on ‘trust in news’. Finland had the highest levels of overall trust in the news (65%), while the US had the lowest levels of trust in the news (29%).

Bengaluru ranked as one of the top 5 technology centres in the Asia-Pacific: Colliers India Report

• According to the Colliers India report, Bengaluru was ranked as one of the top 5 technology centres in the Asia-Pacific.
• The top five technology centres in APAC are Beijing, Shanghai, Bengaluru, Shenzhen and Singapore.

Sports News

Max Verstappen won the 2021 F1 Styrian Grand Prix

• Red Bull driver Max Verstappen won the 2021 Formula One Styrian Grand Prix. This was also his 14^th race win. Lewis Hamilton (United Kingdom) came at the second position and Valtteri Bottas (Finland) came at the third position.

Sajan Prakash becomes the first Indian swimmer to qualify for the Tokyo Olympics 2021

• Indian swimmer Sajan Prakash sets national record in a 200 metre Freestyle event at the Sette Colli Trophy in Rome, Italy.
• He created history by becoming the first-ever Indian swimmer to qualify for the Tokyo Olympics 2021.

Manu Bhaker and Saurabh Chaudhary won a silver medal in the mixed team event at ISSF World Cup 2021 in Osijek, Croatia

• Indian shooters Manu Bhaker and Saurabh Chaudhary won a silver medal in the mixed team event at the International Shooting Sport Federation (ISSF) World Cup 2021 held in Osijek, Croatia.
• The Indian troika of Manu Bhaker, Yashaswini Singh Deswal and Rahi Sarnobat claimed the bronze medal in the 10 metre air pistol women’s team event of the ISSF Shooting World Cup 2021.

International Shooting Sport Federation (ISSF)

• Headquarters: Munich, Germany
• President: Vladimir Lisin
• Founded: 1907

Indian archer Deepika Kumari claims No. 1 spot in World Archery ranking

• Indian archer Deepika Kumari regained the number one position in the World Archery Global Rankings following her hat-trick of gold medals at the World Cup held in Paris, France.
• The 27-year-old from Ranchi had achieved the top spot for the first time in 2012, claimed gold medals in three recurve events — women’s individual, team and mixed pair.

Daily CA June 27 and 28 One-liner:

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