Daily Current Affairs: June 24, 2021

Daily Current Affairs (June 24, 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

World’s first genetically modified rubber plant was planted in Guwahati, Assam

• The world’s first genetically modified (GM) rubber plant was planted on the outskirts of Guwahati, Assam. The GM rubber plant was developed at the Kerala-based Rubber Research Institute of India (RRII).
• It is the first of its kind developed exclusively for the northeast and is expected to thrive in the climatic conditions of the north region.

Assam     

• Capital: Dispur
• Chief Minister: Himanta Biswa Sarma  
• Governor: Jagdish Mukhi
• National Parks: Orang National Park, Manas National Park, Dibru-Saikhowa National Park, Kaziranga National Park, Nameri National Park, Raimona National Park and Dihing-Patkai National Park

Gujarat Chief Minister Vijay Rupani e-launches Agricultural Diversification Scheme 2021

• Chief Minister of Gujarat Vijay Rupani had e-launched ‘Agricultural Diversification Scheme 2021’ the benefits Vanbandhu farmers in the tribal areas.
• The scheme will benefit more than 1.26 lakh farmers from 14 tribal districts of Gujarat. Under this scheme, tribal farmers will get fertiliser-seed assistance of 31 crores, in which 45 kg of urea, 50 kg of NPK and 50 kg of ammonium sulphate will be provided.

Gujarat                    

• Capital: Gandhinagar
• Chief Minister: Vijay Rupani
• Governor: Acharya Devvrat
• National Parks: Blackbuck National Park, Vansda National Park, Gir Forest National Park, Marine (Gulf of Kachchh) National Park

Tata Motors and Tata Power inaugurate India’s largest solar carport in Pune, Maharashtra

• Tata Motors and Tata Power jointly inaugurated India’s largest grid-synchronised behind-the-metre solar carport at the Tata Motors car plant in Chikhali, Pune.
• The 2 MWp solar carport deployed by Tata Power will generate 86.4 lakh kWh of electricity per year and is estimated to reduce 7000 tons of carbon emissions annually and 1.6 lakh tons over its lifecycle.

International News

India is set to host the 9^th Asian Ministerial Energy Roundtable in 2022

• India is set to host the 9^th Asian Ministerial Energy Roundtable (AMER9) in 2022. The decision was made in a virtual meeting between IEF Secretary-General Joseph McMonigle and Union Minister for Petroleum & Natural Gas Dharmendra Pradhan.

India retains its position as the 2^nd largest source of FDI for the UK in 2020

• India has retained its position as the second-largest source of foreign direct investment (FDI) for the United Kingdom (UK) in 2020. Indian companies have invested in at least 99 projects in the UK and created over 4,800 jobs.

United Kingdom

• Capital: London
• Currency: Pound Sterling
• Prime Minister: Boris Johnson

Tax Inspectors Without Borders (TIWB) programme was launched in Bhutan in partnership with India

• Tax Inspectors Without Borders (TIWB), a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), launched its programme in Bhutan in partnership with
• The TTWB programme aims to strengthen the tax administration of Bhutan by transferring technical know-how and skills to its tax auditors and through sharing best audit practices.

Bhutan

• Capital: Thimphu
• Currency: Ngultrum
• Prime Minister: Lotay Tshering

Banking and Economy

Union Government eases listing norms for companies having over Rs. 1 lakh crore market capitalisation

• After the Department of Economic Affairs under the Union Finance Ministry has amended the Securities Contracts (Regulation) Rules, companies that have a market capitalisation (M-cap) of more than 1 lakh crores at the time of listing can now sell just five per cent of their shares.
• Such entities will be required to increase their public shareholding to 10 per cent in two years and raise the same to at least 25 per cent within five years. 

Kotak Mahindra Bank launches ‘Pay Your Contact’ service

• Kotak Mahindra Bank has launched a new feature named ‘Pay Your Contact’ service, that enables its customers to send money or make payments to any of their contacts across all payment apps simply by the beneficiary’s mobile number.
• The ‘Pay Your Contact’ service is available on the lender’s mobile banking app and uses the Unified Payments Interface (UPI)

Kotak Mahindra Bank

• Headquarters: Mumbai, Maharashtra
• CEO: Uday Kotak
• Tagline: “Let’s make money simple”

Bandhan Bank acquires branding rights of a Kolkata metro station

• Bandhan Bank has entered into an arrangement with Kolkata Metro for the branding rights of the Salt Lake Sector V metro station. This Metro station was renamed as the “Bandhan Bank Salt Lake Sector V Metro Station”.

Bandhan Bank

• Headquarters: Kolkata, West Bengal
• CEO: Chandra Shekhar Ghosh
• Tagline: “Aapka Bhala, Sabki Bhalai”

SBM Bank partners with Paisabazaar to launch the ‘Step Up Credit Card’

• Lending marketplace com has partnered with SBM Bank India to launch the ‘Step Up Credit Card’, a credit-builder product designed for consumers with limited access to formal credit due to ineligible credit scores.
• It is the first product to be launched under Paisabazaar’s neo-lending

SBM Bank India Limited

• Headquarters: Mumbai, Maharashtra
• MD & CEO: Sidharth Rath
• Established: 1994

PhonePe unveils India’s first-ever wallet with auto top-up

• Digital payments company PhonePe has launched India’s first wallet auto top-up feature using UPI e-mandates for its customers. The amount for auto top-up ranges from 1,000 to Rs. 5,000.
• PhonePe wallet is automatically topped up when the balance drops below a minimum amount.

PhonePe

• Headquarters: Bengaluru, Karnataka
• Chief Executive Officer (CEO): Sameer Nigam

Moody’s revises India’s growth forecast to 9.6% for CY21

• Moody’s Investors Service revised India’s growth projection to 9.6 per cent for the calendar year CY21 (2021) from its earlier estimate of 13.9 per cent.
• It also projected India’s GDP to grow at 7 per cent in the calendar year CY22 (2022).

Moody’s Corporation:

• Headquarters: New York, United States (US)
• President and CEO: Raymond Whitehead McDaniel

Acquisitions and Mergers

Union Cabinet approves the merger of CRWC with CWC to improve efficiency and financial savings

• The Union Cabinet has approved the merger of the Central Railside Warehouse Company (CRWC), a PSU with Mini-Ratna status with its holding enterprise Central Warehousing Corporation (CWC) to unify similar functions of both companies to improve efficiency and increase financial savings.

Science and Technology

IIT Madras launches CREST for academic and thought leadership

• Indian Institute of Technology (IIT) Madras has launched a ‘Centre for Research on Start-Ups and Risk Financing’ (CREST) to provide academic and thought leadership in innovation, entrepreneurship and risk capital.
• It would also create a unique world-class data repository on Indian start-ups and ventures to address a major hurdle for engaging in high-quality research.

Appointments

Abdul Rahim Musaliar Badharudeen was appointed as an Additional Judge of the Kerala High Court

• Abdul Rahim Musaliar Badharudeen was appointed as an Additional Judge of the Kerala High Court for two years with effect from the date he assumes charge of his office.

Awards and Recognitions

Jamsetji N Tata becomes the world’s top philanthropist of the last century

• The founder of the Tata Group, Jamsetji Nusserwanji Tata, has topped the list of EdelGive Hurun Philanthropists of the Century, with an estimated donation of $102.4 billion mainly made in the health and education sector.
• Jamsetji Tata set up Tata Iron and Steel Works Company (TISCO) in Jamshedpur, now known as Tata Steel in Jamshedpur.

Sports News

Cristiano Ronaldo equals Ali Daei’s record for most international goals in men’s football

• Portuguese footballer Cristiano Ronaldo scored his 109^th (178 matches) goal for Portugal to equal the record of Ali Daei (Iran) for most international goals in men’s football.
• The 36-year-old Ronaldo is the first player to appear at five editions of the EURO tournament and has scored five times in three Group F games.

New Zealand defeat India by eight wickets to win the first-ever World Test Championship title

• New Zealand defeated India by eight wickets to win the first-ever World Test Championship (WTC) title held in Southampton, England.
• New Zealand bowler Kyle Jamieson was adjudged the Man of the Match.
• This was the first sixth day of Test cricket since the drawn match between India and the West Indies in Kanpur in 1979.

Daily CA June 24 One-liner:

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