Daily Current Affairs and GK | 15 June 2024

By Priyanka Chaudhary | Last Modified: 15 Jun 2024 16:45 PM IST

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Topic: Indian Economy

1. India’s goods exports have grown 9.1% to $38.13 billion in May 2024.

  • Imports increased 7.7% to $61.91 billion. The textile sector has shown a growth of nearly 10% in May.
  • The merchandise trade deficit increased to a seven-month high level of $23.78 billion in May.
  • The merchandise trade deficit in May 2024 was 5.5% higher than the deficit in May 2023.
  • The merchandise trade deficit in May 2024 was 24.5% over April’s trade deficit of $19.1 billion.
  • Compared with April, imports in May were 14.4% higher and exports increased 8.9%.
  • 7.4% growth was recorded in exports of engineering goods in May.
  • Several sectors, including electronics (23%), drugs and pharma products (10.45%), and plastics and linoleum (16.6%) have shown double digit growth.
  • Imports of gold reached $3.33 billion in May 2024. This is a three-month high level.
  • Gold imports had tripled year-on-year in April to $3.11 billion. The value of silver imports increased by more than 400%.

Topic: Art and Culture

2. 18th Mumbai International Film Festival (MIFF) 2024 started on 15 June in Mumbai.

  • MIFF 2024 started with the India premiere of ‘Billy and Molly: An Otter Love Story’, directed by Charlie Hamilton-James.
  • MIFF 2024 will continue from 15 June 2024 to 21 June 2024.
  • MIFF 2024 will showcase 314 films from 59 countries in 61 languages.
  • In this, 8 world premieres, 5 international premieres, 18 Asia premieres and 21 India premieres are also included.
  • Besides Mumbai, parallel screenings will also be held in Delhi, Kolkata, Pune and Chennai.
  • In this year’s festival, the first-ever Doc Film Bazaar is introduced.
  • It is a dedicated marketplace for independent filmmakers to find buyers, sponsors and collaborators for their projects.
  • MIFF was started in 1990. It is among the oldest South Asian film festivals.
  • It is held once in two years. It is dedicated to documentaries, short films and animations.

Topic: Economy/Banking/Finance

3. CAMSRep launched Bima Central for managing insurance portfolios.

  • CAMS Insurance Repository Services (CAMSRep) has launched Bima Central.
  • It will act as a one-stop platform for simplifying insurance portfolio management.
  • It will allow users to manage life, health, and motor policies through their secure e-insurance account (eIA).
  • E-insurance account (eIA) users will access Bima Central to manage their policies with various insurers.
  • It will provide many features, such as policy information, renewals and reminders, personal data and nominee information profile management, a policy calendar, and more.
  • Currently, the interface will be available in English and Hindi on Android, iOS, and the web portal.
  • SBI General has been the lead insurer for CAMSRep right from the research and design phase.
  • ICICI Prudential Life, Star Union Daichi Life, TATA AIA, and Aditya Birla Health are at different stages of integrating their services with Bima Central.

Topic: National News

4. WHO designated the National Institute of Indian Medical Heritage as the 3rd Indian Institute for Traditional Medicine Research.

  • National Institute of Indian Medical Heritage (NIIMH) in Hyderabad, under the Ministry of Ayush, has been designated as a WHO Collaborating Centre (CC) for traditional medicine research.
  • The National Institute of Indian Medical Heritage (NIIMH) in Hyderabad is a unit under the Central Council for Research in Ayurvedic Sciences (CCRAS).
  • This institute will now work as a WHO Center for 'Fundamental and Literary Research in Traditional Medicine’.
  • This recognition has been granted for four years.
  • The Institute for Teaching & Research in Ayurveda, Jamnagar, and the Morarji Desai National Institute of Yoga (MDNIY), New Delhi, are the other WHO Collaborating Centers in the domain of traditional medicine.
  • The National Institute of Indian Medical Heritage, Hyderabad, was established in 1956. It has been a leading institute in various digital initiatives of Ayush, including the AMAR Portal.

Topic: Summits/ Conferences/ Meetings

5. G-7 leaders discussed tackling migration, AI, and economic security.

  • The Group of Seven leaders discussed migration, artificial intelligence, economic security and the Indo-Pacific region issues on the last day of the summit in Italy.
  • They also discussed other topics such as financial support for Ukraine, the war in Gaza, climate change, Iran, the situation in the
  • G-7 leaders discussed ways to combat trafficking and to increase investment in countries from where migrants are coming.
  • The leaders launched the G7 Coalition to prevent and counter the smuggling of migrants.
  • G7 Summit leaders also commit to promoting the India-Middle East-Europe Economic Corridor.
  • G7 leaders’ summit was held in the luxury resort of Borgo Egnazia in Italy’s Apulia region from June 13 to 15.
  • India and Italy also reviewed the progress of the India-Italy strategic partnership.
  • G7 leaders ended their summit with their starkest warning yet to China. They highlighted the security threats from China to the global economy.

Topic: State News/Madhya Pradesh

6. The flight booking website for PM Shri Tourism Air Service has been digitally launched by the MP Chief Minister Dr. Mohan Yadav.

  • In the first phase, the air taxis will begin operating between Bhopal-Singrauli-Jabalpur-Rewa.
  • MP CM said that from June 16, PM Shri Religious Tourism Heli Service will begin between Ujjain-Omkareshwar-Indore-Bhopal.
  • He also said that the PM Shri Tourism Air Service of Madhya Pradesh Tourism Board will begin from June 13.
  • MP CM announced that henceforth no green tree will be cut in the state. It will be shifted to another place through transplantation.
  • Further CM announced that the statues will be made of stone and they will be made with the help of the artists of the state.
  • Dr. Yadav said that the GST collection has grown by 26% compared to last year.

Topic: International News

7. Cyril Ramaphosa is re-elected as president of South Africa.

  • Ramaphosa is re-elected after a coalition deal between his African National Congress (ANC) and opposition parties.
  • The new government combines ANC, the centre-right Democratic Alliance and other smaller parties.
  • Ramaphosa won in Parliament vote against Julius Malema, the leader of the far-left Economic Freedom Fighters.
  • Cyril Ramaphosa secured his second term after reaching agreement just before the vote for President, as ANC lost its 30-year majority in national assembly of Africa.
  • In last month’s elections, the vote share of African National Congress declined to 40%.
  • The Democratic Alliance became the second largest party with 22% of the votes.
  • The parties will together govern South Africa in its first national coalition.
  • African National Congress has been dominant political party since the first democratic election in South Africa in 1994.

Topic: Sports

8. India’s Divya Deshmukh defeated Bulgaria’s Beloslava Krasteva and won the World Junior Girls’ Chess Championship.

  • Divya defeated Krasteva in the final round at the Gift City Club in Gandhinagar, Gujarat.
  • With just 26 moves, Divya defeated Krasteva in the tenth round to win her first U-20 title.
  • She won nine of her games and drew the other two to finish the championship undefeated.
  • Divya Deshmukh is from Nagpur, Maharashtra.
  • Kazakhstan’s Kazybek Nogerbek claimed the title in the open section.
  • Starting as the third seed, the highest-ranked Indian at position ten was Pranav Anand.
  • Half a point behind Divya, Mariam Mkrtchyan finished in second place in the girls' division. Ayan Allahverdiyeva of Azerbaijan came in third.

Topic: Reports and Indices/Rankings

9. WPI food index increased from 5.52% in April to 7.40% in May.

  • Wholesale food prices have skyrocketed month-on-month in May.
  • Official data show that the Whole Price Index for food items rose from 5.52% in April to 7.40% in May.
  • Among food grains, prices of cereals, paddy, pulses, vegetables, potatoes, onions and fruits increased.
  • According to official data from the Commerce Ministry, overall wholesale inflation in India, based on the Wholesale Price Index, rose to 2.61% in May, compared to 1.26% in April.
  • This high inflation in May was due to rise in prices of food products, crude petroleum and natural gas, mineral oils and other manufacturing industries.
  • In May, annual retail inflation stood at a 12-month low of 4.75%, down from 4.83% in April.
  • Retail inflation or consumer price index was 5.7% in December last year, and has been declining since then.

Topic: National News

10. New fee refund policy for higher educational institutions announced by University Grants Commission.

  • Up to September 30 of this year, Higher Education Institutions (HEIs) will be required to provide a full refund of fees for all cancellations or migrations.
  • This has been announced by the University Grants Commission (UGC) in the new fee refund policy for the 2024-25 academic session.
  • This has been done to address the complaints of students and parents regarding non-refund of fees on cancellation or withdrawal of admission.
  • This policy applies to all higher educational institutions under Central or State Acts, UGC-recognised institutions, deemed universities and organisations involved in admission counselling.
  • The higher education regulatory body also said that no more than Rs 1,000 will be deducted as processing fee on issuance of refund.
  • This year the refund process will have to be completed after 30 September and by 31 October.
  • It said that for admission programmes extended beyond October 31, the provisions of the UGC notification of October 2018 will apply.
  • Institutions violating this policy will face penal actions as specified in the 2018 notification.

University Grants Commission

(Source: News on AIR)

Monthly Current Affairs eBooks
May Monthly Current Affairs 2024 April Monthly Current Affairs 2024
March Monthly Current Affairs 2024 February Monthly Current Affairs 2024

Topic: MoUs and Agreements

11. Indira Gandhi National Centre for the Arts (IGNCA) and Sansad TV inked a MoU.

  • The Indira Gandhi National Centre for the Arts (IGNCA) and Sansad TV signed a Memorandum of Understanding (MoU) to make Indian art and culture more accessible to the people.
  • As per the MoU, programmes produced by IGNCA will be telecast on Sansad TV and Sansad TV.
  • The MoU was signed by Member Secretary, Dr. Sachchidanand Joshi on behalf of IGNCA and Chief Executive Officer, Shri Rajat Punhani on behalf of Sansad TV.
  • It is a significant step towards showcasing the cultural heritage to the people of India.
  • Indira Gandhi National Centre for the Arts (IGNCA) is an autonomous institute under the Union Ministry of Culture. It is situated in New Delhi.

Topic: MoUs and Agreements

12. Governments of India and France are negotiating a deal for 26 Rafale maritime jets.

  • The price and other related issues of the crucial deal for 26 Rafale maritime fighter aircraft for the Indian Navy are being negotiated by India and France.
  • Earlier this dialogue was to be held on May 30, but in view of the pending process of Lok Sabha elections, it was postponed till the second week of June.
  • The overall project is likely to cost over Rs 50,000 crore and will increase the number of these advanced aircraft in the IAF fleet from 36 to 62.
  • These aircraft will be operated from the Indian Navy's aircraft carriers INS Vikramaditya and INS Vikrant.
  • According to the plan, these aircraft will be deployed by the Indian Navy to their home base, INS Degha in Visakhapatnam, Andhra Pradesh.
  • France had submitted its response to India's tender to procure 26 Rafale marine jets for the Indian Navy's aircraft carriers, INS Vikrant and INS Vikramaditya in December 2023.

26 Rafale maritime jets

(Source: DD News)

Topic: Reports and Indices/Ranking

13. Record 117 million people forcibly displaced in 2023: UNHCR

  • The United Nations refugee agency said that a record 117.3 million people had been displaced in 2023.
  • These people include refugees, asylum seekers and internally displaced people who are displaced due to conflict, persecution and complex forms of violence.
  • In the last 12 years, there has been a yearly increase in the number of people forcibly displaced.
  • In total, 1.5% of the world’s population is now forcibly displaced, which is around double what it was a decade ago.
  • UNHCR estimates that forced displacement has continued to increase in the first four months of 2024.
  • Due to the war in Sudan, more than 9 million people have been internally displaced, and another 2 million have fled to neighbouring countries.
  • Due to Israel’s bombardment in Gaza, 1.7 million people (80% of the Palestinian population) have been internally displaced.
  • The US, with 1.2 million, is the world’s largest recipient of new asylum applications.
  • The UNHCR also found that 40% of all forcibly displaced people are minors.

Topic: Banking System

14. ‘SME Digital Business Loans’ have been launched by SBI.

  • SME Digital Business Loans is a new product that offers an end-to-end sanction turnaround time of up to 45 minutes for SMEs (small and medium enterprises).
  • It leverages an ecosystem of APIs (application programming interface) to streamline the lending process.
  • SME Digital Business Loans will be accessible to customers through all the bank’s channels.
  • These channels include SBI’s website, branches, SME Centres, as well as internet platforms.
  • In the future, SBI will make this product available across all its CSP (customer service point) partner touchpoints and via QR codes at outdoor touchpoints.
  • SBI said it has developed a data-driven credit assessment engine.
  • This can provide sanction decisions within 10 seconds after submitting the required details.
  • SBI also said it has waived the requirement for financial statements for loans up to ₹50 lakh.
  • For this, SBI now relies on transaction history and GST returns for appraisal.
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