- 1. 64th Global Environment Facility (GEF) council meeting held in Brazil.
- 2. National Statistics Day: 29 June
- 3. First hydrogen train in India is expected to run from Jind, Haryana by 2024.
- 4. 5G & Beyond Hackathon 2023 has been announced by the Department of Telecommunications.
- 5. 17th Indian Cooperative Congress will be inaugurated in New Delhi on 1 July.
- 6. RBI has informed that the GNPA ratio of scheduled commercial banks fell to a 10-year low of 3.9%.
- 7. Fair and remunerative price of 315 rupees per quintal has been approved by Union Cabinet for sugarcane farmers for the season 2023-24.
- 8. The Gujarat government has signed MoU with Micron Technology.
- 9. Union Cabinet approved Ratification of the Headquarters Agreement (HQA) between India and Coalition for Disaster Resilient Infrastructure (CDRI).
- 10. Rohit Jawa becomes new MD and CEO of Hindustan Unilever.
- 11. IIT Bombay has been ranked 149th in the world in the 2024 QS World University Rankings.
- 12. Two day long Hemis Monastery Festival is being celebrated in Ladakh.
- 13. India ranked at 67th place on Energy Transition Index.
- 14. 'Operation Conviction' has been launched by Uttar Pradesh for cow slaughter and child abuse cases.
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Topic: Summits/ Conferences/ Meetings
1. 64th Global Environment Facility (GEF) council meeting held in Brazil.
- In this meeting, the governing body approved $1.4 billion package to tackle the climate, biodiversity and pollution crises.
- $653 million will be spent on biodiversity. It will help countries in updating their National Biodiversity Strategies and Action Plans.
- It will also help in meeting the targets of the Kunming-Montreal Global Biodiversity Framework (GBF).
- This funding will provide support to 136 countries and will be focused on action to tackle species and habitat loss.
- 16 % of the fund has been allocated for climate change while 12 % is for land degradation and 11 % is for international waters.
- The Latin America and the Caribbean region will receive most of the funds.
- Among the agencies, United Nations Development Programme will get maximum funds followed by the UN Environment Programme and the Food and Agriculture Organization.
- In the 15th Conference of Parties to the UN Convention on Biological Diversity, it was decided that a new trust fund, GBF, will be used to run the projects under the framework.
- The establishment of the GBF fund will be ratified at the upcoming GEF Assembly in August 2023.
- Adequate funds are required to meet the four goals and 23 targets set under the framework.
Topic: Important Days
2. National Statistics Day: 29 June
- National Statistics Day is celebrated every year on the birthday of Professor Prasanta Chandra Mahalanobis.
- Professor Prasanta Chandra Mahalanobis was born on 29 June 1893.
- The day is celebrated in recognition of contributions made by him in the field of statistics and economic planning.
- He is often referred to as the father of Indian statistics. He founded Indian Statistical Institute (ISI). He is famous for the Mahalanobis distance.
- Mahalanobis distance is a statistical measure. It is used to find the distance between a point and a distribution.
- This year, the theme of National Statistics Day is “Alignment of State Indicator Framework with National Indicator Framework for Monitoring Sustainable Development Goals”.
Topic: Infrastructure and Energy
3. First hydrogen train in India is expected to run from Jind, Haryana by 2024.
- Shobhan Chaudhry, General Manager of Northern Railway, made this announcement during her visit to Jind district, Haryana.
- It will be the first hydrogen train in India. The train’s first prototype will have eight bogies. It will run between Jind and Sonipat.
- Hydrogen trains run on hydrogen fuel cells, which generate electricity by combining oxygen and hydrogen. This electricity drives the motors of the train.
- Currently, hydrogen trains are running only in Germany.
- They are environmentally beneficial and do not emit pollutants like nitrogen oxides, carbon dioxide and particulate matter.
Topic: Government Schemes and Initiatives
4. 5G & Beyond Hackathon 2023 has been announced by the Department of Telecommunications.
- It is aimed at shortlisting India-focused cutting-edge ideas that can be converted into workable 5G & beyond products and solutions.
- A hundred winners of the hackathon will share a total prize pool of Rs 1 crore.
- They will get an opportunity to scale and implement their 5G products/solutions and to make them ready for market.
- The participants can develop 5G & beyond solutions from across multiple categories.
- These categories include Healthcare, Education & Governance, AgriTech & Livestock, Environment, Public Safety & Disaster Management Enterprise, Smart Cities & Infrastructure etc.
- The Hackathon is open to individuals, students, start-ups, and academic institutions in India.
Topic: Summits/ Conferences/ Meetings
5. 17th Indian Cooperative Congress will be inaugurated in New Delhi on 1 July.
- 17th Indian Cooperative Congress (ICC) will be inaugurated by Prime Minister Narendra Modi at Pragati Maidan in New Delhi.
- The two days Indian Cooperative Congress will be organized by National Cooperative Union of India (NCUI).
- The theme of ICC is “Amrit Kaal: Prosperity through Cooperation for a Vibrant India.”
- The Union Home and Cooperation Minister Amit Shah will chair the ICC.
- The ICC aims to discuss various trends in the cooperative movement, showcase best practices being adopted by successful cooperatives, and deliberate on the challenges facing the cooperative world.
- An exhibition showcasing various products of Self Help Groups and NCUI Cooperative Education Sector Projects will also be organized under the banner of NCUI Haat.
(Source: News on AIR)
Topic: Banking System
6. RBI has informed that the GNPA ratio of scheduled commercial banks fell to a 10-year low of 3.9%.
- In March 2023, the gross non-performing assets (GNPA) ratio of Scheduled Commercial Banks (SCBs) has come down to a 10-year low of 3.9% and the net non-performing assets (NNPA) ratio has declined to 1%.
- It is expected to fall further to 3.6% by March 2024.
- On 28 June, RBI has released the Financial Stability Report in which these things have come to the fore.
- Gross and net NPAs have come down from 11.5% and 6.1% in March 2018 to 3.9% and 1% in March 2023.
- SCBs has strengthened their capital base with a historic high level of capital-to-risk-weighted assets ratio of 17.1% and common equity Tier 1 capital ratio of 13.9% in March 2023, according to the report.
- At the bank group level, the GNPA ratio of public sector banks (PSBs) may increase from 5.2% in March 2023 to 6.1 % in March 2024.
- The GNPA ratio of Private sector banks may increase from 2.2% in March 2023 to 3.8% in March 2024.
- The GNPA ratio of foreign banks may increase from 1.9% in March 2023 to 2.6% in March 2024.
- Global economy is facing instability due to crisis in banking system of some countries, global political tension and high inflation.
- Despite the global crisis, the Indian economy and domestic financial system remain strong due to solid macroeconomic fundamentals.
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Topic: National News
7. Fair and remunerative price of 315 rupees per quintal has been approved by Union Cabinet for sugarcane farmers for the season 2023-24.
- It is the highest ever fair and remunerative price for sugarcane farmers.
- The government has also taken a decision to bring the National Research Foundation (NRF) Bill, 2023.
- The government has decided to bring this bill to strengthen the research ecosystem in the country.
- The Bill will lead to the setting up of NRF to foster a culture of research and innovation throughout India’s universities, colleges and research institutions.
- NRF will be an apex body for providing high-level strategic direction to scientific research in the country.
- The bill has a provision to establish NRF at a total estimated cost of 50 thousand crore rupees during the next five years.
- The bill will repeal the Science and Engineering Research Board (SERB) set up by an Act of Parliament in 2008. The bill subsumes SERB into NRF.
- Science and Engineering Research Board (SERB) is a statutory body under the Department of Science and Technology.
(Source: News on AIR)
8. The Gujarat government has signed MoU with Micron Technology.
- This MoU is for establishing a semiconductor assembly and test facility at Sanand in the Ahmedabad district.
- It was signed at Gandhinagar in the presence of CM Bhupendra Patel and Union Electronics and IT Minister Ashwini Vaishnaw.
- Under the project, the Central Government will offer 50% fiscal support for the total project cost to Micron Technology.
- The Gujarat government will provide incentives representing 20% of the total project cost.
- The plant is expected to create five thousand direct employment opportunities in Gujarat.
- Phase 1 of the plant will become operational by the end of 2024.
- Micron Technology:
- It is an American chipmaker firm.
- It is headquartered in Boise, Idaho, United States.
- Its CEO is Sanjay Mehrotra.
Topic: National News
9. Union Cabinet approved Ratification of the Headquarters Agreement (HQA) between India and Coalition for Disaster Resilient Infrastructure (CDRI).
- The Government of India (Gol) and the Coalition for Disaster Resilient Infrastructure (CDRI) had signed the Headquarters Agreement (HQA) in August 2022.
- In 2019, Cabinet had approved the setting up of CDRI along with its supporting Secretariat in New Delhi.
- It had also approved a financial support of Rs 480 crore to CDRI over a period of 5 years from 2019-20 to 2023-24.
- In 2022, Cabinet approved recognition of CDRI as an International Organization.
- CDRI is part of India's attempts to obtain a global leadership role in climate change and disaster resilience matters.
- The CDRI is a global partnership of National Governments, UN agencies and programmes, multilateral development banks and financing mechanisms, academic and knowledge institutions.
- Its main aim is to promote the resilience of infrastructure systems to climate and disaster risks by ensuring sustainable development.
- CDRI was launched by Prime Minister Narendra Modi in September 2019 in New York.
- It is one of the key initiatives launched by the Indian Government. CDRI is continuously expanding its membership consistently.
- After the launch of CDRI, Thirty-one Countries, six International Organizations, and two private sector organizations have become members.
- Economically advanced countries and developing countries which are vulnerable to climate change and disasters are becoming part of CDRI.
Topic: National Appointments
10. Rohit Jawa becomes new MD and CEO of Hindustan Unilever.
- Rohit Jawa took charge as the Managing Director and Chief Executive Officer of Hindustan Unilever Ltd (HUL).
- He has taken the place of Sanjiv Mehta who retired after the company's annual general meeting.
- Shareholders approved the proposal to appoint Jawa as a Whole Time Director as well as Managing Director & Chief Executive Officer of HUL.
- He will receive an annual remuneration of Rs 21.43 crore and will also get a sum of Rs 4.83 crore as allowances in FY24.
- Before this appointment, Jawa was the Chief of Transformation for Unilever in London.
- Hindustan Unilever Limited (HUL):
- It is a subsidiary of the British company Unilever.
- It was established in 1931 as Hindustan Vanaspati Manufacturing Co.
- It is headquartered in Mumbai.
- It is a consumer goods company.
Topic: Reports and Indices/Rankings
11. IIT Bombay has been ranked 149th in the world in the 2024 QS World University Rankings.
- On 27 June, 20th edition of Quacquarelli Symonds (QS) World University Rankings (WUR) was released by global higher analyst specialist Quacquarelli Symonds.
- In QS World University Rankings, IIT Bombay has been ranked 1st in India and 149th in the world.
- IIT Bombay has moved up significantly from 172 in 2022 to 149 in 2023.
- Previously, the Indian Institute of Science (IISc) was the only institute to achieve this feat in 2016, with a rank of 147.
- This is the first time that IITB has been ranked in the top 150 and top 10% in the QS ranking.
- IITB scores 81.9 in Employer Reputation, 73.1 in Citations per Faculty, 55.5 in Academic Reputation, 47.4 in Employment Outcome, 54.9 in Sustainability.
- The Massachusetts Institute of Technology (MIT) has topped for the 12th consecutive year in QS Rankings 2024.
- The National University of Singapore (NUS) (ranked 8) is the only institution in Asia to be ranked in the top 10.
- The rankings have been analyzed for 1,500 institutions across 104 locations.
Top 5 Universities in World
Massachusetts Institute of Technology (MIT)
University of Cambridge
University of Oxford
Top 5 Universities in India
Indian Institute of Technology Bombay (IITB)
Indian Institute of Technology Delhi (IITD)
Indian Institute of Science, Bangalore
Indian Institute of Technology Kharagpur (IIT-KGP)
Indian Institute of Technology Kanpur (IITK)
(Source: News on AIR)
Topic: Art and Culture
12. Two day long Hemis Monastery Festival is being celebrated in Ladakh.
- The annual Hemis Monastery festival, known as Hemis Tseschu, is being celebrated with great religious fervor and gaiety.
- Hemis festival is celebrated on the birth anniversary of Guru Padmasambhava.
- On the occasion, Grand prayers, performance of sacred mask dances and exhibition of Thanka or mural Painting are being held.
- This centuries-old monastic festival is one of the major attractions for foreign tourists who visit Ladakh during this time to witness the grand Hemis Monastery Festival.
- This colorful festival falls on the 10th day of the Tibetan lunar month.
(Source: News on AIR)
Topic: Reports and Indices/Ranking
13. India ranked at 67th place on Energy Transition Index.
- The World Economic Forum released Energy Transition Index on 28th June.
- Sweden is on the top of the Energy Transition Index 2023. Denmark, Norway, Finland and Switzerland are in the top five of the ranking.
- France with 7th spot is the only G20 country in the top 10 of the ranking.
- Germany, US and UK are in 11th, 12th and 13th positions, respectively.
- World Economic Forum has released the report in collaboration with Accenture.
- The global energy transition has slowed down amid the global energy crisis and geopolitical volatilities.
- As per the report, India is the only major economy that has accelerated across equitable, secure and sustainable dimensions of the Energy Transition Index.
- India has successfully reduced the energy intensity of its economy and the carbon intensity of its energy mix despite continued economic growth.
- Universal access to electricity has been achieved in India by replacing solid fuels with cleaner cooking options.
- India’s performance has improved mainly due to the deployment of renewable energy.
- The pace of thermal power plant expansion has considerably slowed in India.
- India emerged as one of the least affected countries by the recent energy crisis mainly due to the low share of natural gas in power generation.
- Besides India, Singapore is the only country that has shown energy transition momentum.
- The index has ranked 120 countries. Out of them, 113 have made progress in the last decade.
- 55 countries including India have made remarkable progress by improving their score by more than 10 percentage points.
Topic: State News/ Uttar Pradesh
14. 'Operation Conviction' has been launched by Uttar Pradesh for cow slaughter and child abuse cases.
- The Uttar Pradesh Police Department has launched 'Operation Conviction'.
- The main aim of this operation is to expedite the prosecution of cases registered under the Protection of Children from Sexual Offences (POCSO) Act.
- It will also ensure the immediate arrest of criminals involved in cow slaughter, religious conversion, rape, and murder cases.
- It will ensure the collection of strong evidence against criminals, quality investigation, and effective representation of cases in courts.
- UP police said that under this operation each commissionerate/district will identify 20 cases in each category in addition to cases registered under the POCSO Act.
- Charges on criminals will be framed within three days of the chargesheet being filed and the trial will be completed within 30 days.
- District police chiefs will coordinate with district judges and request trail of these cases on a daily basis.
- Police commissioners/district police chiefs will also coordinate with the Forensic Science Laboratory (FSL) to expedite the acquisition of lab reports.
- A monitoring cell will be also set up in each police commissioner or district police chief for monitoring the daily progress of the cases.
- A web portal will be also developed to track the progress of cases weekly.