Daily Current Affairs

29th June 2023

 Daily Current Affairs
29th June 2023

BANKING & FINANCE

Canara Bank becomes the first public sector bank in India to launch UPI payments via
credit card

 Canara Bank has become the first Public

Sector Bank (PSB) in India to introduce
the facility of Unified Payments
Interface (UPI) payments to merchants
through RuPay Credit Card in association
with the National Payments
Corporation of India (NPCI).
 This facility is made available in the
popular ‘Canara ai1’ Banking Super App of the Bank.
Key Highlights :
 Customers of the Canara Bank will now be able to make UPI payments to merchants
from their RuPay Credit Cards also in addition to their bank accounts.
 Customers can link their Canara Bank RuPay Credit Cards to their UPI IDs.
 The transaction limits applicable for UPI transactions shall continue for UPI
payments using RuPay Credit Card.
 This facility will further enhance digital payments and extend the UPI ecosystem.
 Presently, only Merchant Payments are allowed using this facility, and Person-to-
Person, Card-to-Card, or Cash-Out Transactions will not be permitted for UPI
payments from RuPay Credit Cards.
About Canara Bank :
 Headquarters : Bangalore, Karnataka
 MD & CEO : K Satyanarayana Raju
 Tagline : Together We Can

World Bank Approves USD 300 Million Loan to Improve Quality Of School Education in
Chhattisgarh

 The World Bank has approved a

loan worth USD 300 million to
help expand and improve the
quality of education in
government-run schools in
Chhattisgarh.
 The loan has a maturity of 18.5 years with a grace period of 5 years.
Aim :
 To benefit about 4 million students, mostly from poor and vulnerable communities
in Chhattisgarh.
 The Chhattisgarh Accelerated Learning for a Knowledge Economy Operation

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(CHALK) aims to improve access to education across all grades, and also address the
growing demand for science and commerce studies at the senior secondary level.
Key Highlights :
 Almost 86% of schools in the state are run by the government.
 While enrolment at the elementary school level is 95%, it is only 57.6% at the
senior secondary level and the enrolment for boys is 10.8% lower than that for girls.
 Lack of necessary infrastructure like laboratories and facilities was also attributed
to be the reason for low enrolments.
 Students from remote locations also face a problem with accommodation.
 While girls have residential school facilities under the centrally sponsored Samagra
Shiksha program, there is no such scheme for boys.
 The project will help develop and operate around 600 model composite schools – from
Grades 1 to 12 and offer science and commerce at the senior secondary level.
 These schools will provide a quality education through trained teachers, strong
school leadership and management, and adequate infrastructure facilities for learning.
 More than 175,000 teachers are expected to receive professional development support
under the project.
About World Bank :
 Established : July 7, 1944
 Headquarters : Washington, D.C., United States
 President : Ajay Banga
 The World Bank is an international financial institution that provides loans and
grants to the governments of low- and middle-income countries for the purpose of
pursuing capital projects.
About Chhattisgarh :
 Governor : Biswabhusan Harichandan
 Chief Minister :Bhupesh Baghel
 Capital : Raipur
 National Park : Guru Ghasi Das (Sanjay) National Park, Kanger Valley National Park
 Wildlife Sanctuary : Achanakmar Wildlife Sanctuary, Barnawapara Wildlife Sanctuary

NATIONAL NEWS
Union Cabinet approves Ratification of the HQA between India and CDRI:

 The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has
given its approval for ratification of the Headquarters Agreement (HQA)
between the Government of India (Gol) and Coalition for Disaster Resilient
Infrastructure (CDRI) signed on 22nd August, 2022.
 The CDRI was launched by the Hon’ble Prime Minister of India during the
United Nations Climate Action Summit on the 23’d September 2019, at New York.
 It is a major global initiative launched by the Government of India and is seen as

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29th June 2023

India's attempt to
obtain a global
leadership role in
climate change and
disaster resilience
matters.
 On the 28 August,
2019, the Cabinet
had approved the
setting up of CDRI
along with its supporting Secretariat in New Delhi and also gave the approval for the
Government of India’s financial support of Rs. 480 crores to CDRI over a period
of 5 years from 2019-20 to 2023-24.
 Subsequently, on the 29th June, 2022, the Cabinet approved the recognition of CDRI
as an International Organization and for the signing of a Headquarters Agreement
(HQA) for granting CDRI exemptions, immunities and privileges as contemplated
under Section-3 of the UN (P&I) Act, 1947.
 In pursuance of the Cabinet decision, on 22nd August, 2022 the HQA was signed
between the Gol and CDRI.
 CDRI is a global partnership of National Governments, UN agencies and programmes,
multilateral development banks and financing mechanisms, the private sector,
academic and knowledge institutions that aim to promote the resilience of
infrastructure systems to climate and disaster risks, thereby ensuring sustainable
development.
Union Cabinet approves Introduction of National Research Foundation Bill, 2023 in
Parliament to strengthen research eco-system in the country
 The Union Cabinet,
chaired by Prime
Minister Shri Narendra
Modi, approved the
introduction of the
National Research
Foundation (NRF) Bill,
2023 in Parliament.
 The approved Bill will
pave the way to establish
NRF that will seed, grow and promote Research and Development (R&D) and foster a
culture of research and innovation throughout India’s universities, colleges, research
institutions, and R&D laboratories.
 The bill, after approval in the Parliament, will establish NRF, an apex body to provide
high-level strategic direction of scientific research in the country as per

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29th June 2023

recommendations of the National Education Policy (NEP), at a total estimated

cost of Rs. 50,000 crores during five years (2023-28).
 The Department of Science and Technology (DST) will be the administrative
Department of NRF which will be governed by a Governing Board consisting of
eminent researchers and professionals across disciplines.
 NRF’s functioning will be governed by an Executive Council chaired by the Principal
Scientific Adviser to the Government of India.
 NRF will forge collaborations among the industry, academia, and government
departments and research institutions, and create an interface mechanism for
participation and contribution of industries and State governments in addition to the
scientific and line ministries.
 It will focus on creating a policy framework and putting in place regulatory processes
that can encourage collaboration and increased spending by the industry on R&D.
 The bill will also repeal the Science and Engineering Research Board (SERB)
established by an act of Parliament in 2008 and subsume it into NRF which has an
expanded mandate and covers activities over and above the activities of SERB.
Union Government approves Fair and Remunerative Prices of sugarcane payable by Sugar
Mills to sugarcane farmers for sugar season 2023-24
 The Cabinet Committee on
Economic Affairs chaired
by Prime Minister Shri
Narendra Modi has
approved Fair and
Remunerative Price (FRP)
of sugarcane for sugar
season 2023-24 (October -
September) at Rs.315/QTL
for a basic recovery rate of
10.25%.
 It has also been approved to provide a premium of Rs.3.07/qtl for each 0.1%
increase in recovery over and above 10.25%, & a reduction in FRP by Rs.3.07/qtl for
every 0.1% decrease in recovery.
 Further, with a view to protecting interest of sugarcane farmers, the government has
also decided that there shall not be any deduction in the case of sugar mills where
recovery is below 9.5%.
 Such farmers will get Rs.291.975/qtl for sugarcane in ensuring sugar season 2023-24 in
place of Rs.282.125/qtl in current sugar season 2022-23.
 The cost of production of sugarcane for the sugar season 2023-24 is Rs.157/qtl.
 This FRP of Rs.315/qtl at a recovery rate of 10.25% is higher by 100.6% over production
cost.

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 The FRP for sugar season 2023-24 is 3.28% higher than the current sugar season 2022-
23.
 The FRP approved shall be applicable for the purchase of sugarcane from the farmers
in the sugar season 2023-24 (starting w.e.f. 1st October, 2023) by sugar mills.
 The sugar sector is an important agro-based sector that impacts the livelihood of
about 5 crore sugarcane farmers and their dependents and around 5 lakh workers
directly employed in sugar mills, apart from those employed in various ancillary
activities including farm labour and transportation.
 The FRP has been determined on the basis of recommendations of the Commission
for Agricultural Costs and Prices (CACP) and after consultation with State
Governments and other stakeholders.

Centre Provides Financial Incentives to States to Accelerate Power Sector Reforms

 The Department of
Expenditure,
Ministry of Finance,
has given a boost to
reforms by the
States in power
sector by providing
financial incentives
in the form of
additional borrowing
permissions.
 This move aims to encourage and support the States in undertaking reforms to
enhance the efficiency and performance of the power sector.
 The initiative was announced by the Union Finance Minister in Union Budget
2021-22.
 Under this initiative, an additional borrowing space of up to 0.5 per cent of the
Gross State Domestic Product (GSDP) is available to the States annually for a four-
year period from 2021-22 to 2024-25.
 This additional financial window is dependent on the implementation of specific
reforms in the power sector by the States.
 The initiative has spurred State Governments to initiate the reform process, and
several States have come forward and submitted details of the reforms undertaken and
achievements of various parameters to the Ministry of Power.
 Based on the recommendations of the Ministry of Power, the Ministry of Finance has
granted permission for reforms undertaken in 2021-22 and 2022-23 to 12 State
Governments.
 Over the last two financial years, they have been allowed to raise financial
resources of Rs. 66,413 crores through additional borrowing permissions.

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29th June 2023

International Conference on Green Hydrogen to be held in New Delhi during July 5 – 7,

2023
 The Government of
India is organizing an
International
Conference on Green
Hydrogen (ICGH-2023)
during 5th – 7th July
2023 at Vigyan Bhawan,
New Delhi, to bring
together the global
scientific and
industrial community to discuss recent advances and emerging technologies in
the entire green hydrogen value chain.
 The conference will enable the sector stakeholders to explore the evolving
green hydrogen landscape and innovation-driven solutions in the sector.
 The conference is being organized by the Ministry of New and Renewable Energy, in
partnership with the Ministry of Petroleum and Natural Gas, Council of Scientific and
Industrial Research and Office of Principal Scientific Advisor to the Government of
India.
 The fundamental aim of the Conference is to explore how we can establish a Green
Hydrogen ecosystem and foster a systemic approach to meeting the global goals for
decarbonization through Green Hydrogen.
 Apart from domain-specific research interactions on hydrogen production, storage,
distribution and downstream applications, the conference will also discuss green
financing, human resource upskilling and startup initiatives in this area.
 The conference will enable to share and learn from international best practices in the
sector.
 The National Green Hydrogen Mission was launched by the Government of
India on 4th January 2023, as part of its decarbonization strategy.
 The Mission places significant emphasis on R&D in green hydrogen and aims to make
India a global hub of Green Hydrogen production, utilization, and export.
 The Mission will kickstart major interventions in policies and technology to develop a
robust Green Hydrogen ecosystem in the country.

Shri Sarbananda Sonowal launches New CSR guidelines ‘Sagar Samajik Sahayog’

 The Union Minister of Ports, Shipping & Waterways and Ayush Shri Sarbananda
Sonowal launched ‘Sagar Samajik Sahayyog’ - the new guidelines of Corporate
Social Responsibility (CSR) by the Ministry of Ports, Shipping & Waterways.
 The new guidelines empower ports to undertake CSR activities directly.
 The event was also attended by Union Minister of State for Ports, Shipping &

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Waterways, Shri Shantanu Thakur & Union Minister of State of Ports, Shipping &
Waterways, Shripad Yesso Naik
 The new CSR guidelines unveiled will impact projects and programmes relating
to activities specified in Section 70 of the Major Port Authorities Act, 2021.
 For the purpose of planning and implementing CSR projects, a Corporate Social
Responsibility Committee shall be constituted in each major port.
 The Committee shall be headed by the Dy. Chairperson of the Major Port and shall
have 2 other Members.
 Each major port shall prepare a Corporate Social Responsibility Plan for every financial
year, and integrate its CSR in Business Plan with the social and environmental
concerns related to the business of the entity.
 CSR Budget will be mandatorily created through a Board Resolution as a percentage of
net profit.
 A port with an annual net profit of ₹100 crores or less can fix between 3% - 5%
for CSR expenses.
 Similarly, ports with a net profit between ₹100 crores to ₹500 crores annually, can
fix their CSR
expenses between
2% and 3% of their
net profit, subject
to a minimum of ₹3
crores.
 For ports, whose
annual net profit is
above ₹500 crores
per year, the CSR
expenses can be between 0.5% and 2% of its net profit.
 20% of CSR expenses must be earmarked to Sainik Kalyan Board at the district level,
National Maritime Heritage Complex and National Youth Development Fund.

STATE NEWS

Seven products from Uttar Pradesh get a Geographical Indication tag

 The Geographical Indications Registry in Chennai has given tags to 7 different
products from Uttar Pradesh (UP).
List of 7 products :
 Amroha Dholak
 Mahoba Gaura Patthar Hastashlip
 Mainpuri Tarkashi
 Sambhal Horn Craft
 Baghpat Home Furnishings

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 Barabanki Handloom Product

 Kalpi Handmade Paper
About Amroha Dholak :
 The Amroha Dholak is a
musical instrument made of
natural wood.
 Mango, jackfruit and teakwood
are preferred for making the
dholak.
About Baghpat Home Furnishings :
 Baghpat and Meerut are famous for their exclusive handloom home furnishing
product and running fabrics in cotton yarn since generations, and only cotton yarn is
used in the handloom weaving process.
About Mahoba Gaura Patthar Hastashlip :
 The Mahoba Gaura Patthar Hastashlip is a stone craft.
 It is a very unique and soft stone with the scientific name, the ‘Pyro Flight Stone’.
 Gaura stone craft is made of radiant white-coloured stone that is predominantly found
in this region.
About Mainpuri Tarkashi & Sambhal Horn Craft :
 Tarkashi, a popular art form from Mainpuri in Uttar Pradesh, is primarily brass wire
inlay work on wood.
 It was mainly used for khadaous (wooden sandals), a necessity for every household,
since leather was considered unclean.
 And for the Sambhal Horn Craft, the raw material is procured from dead animals.
 They are completely hand-made.
About GI Tag :
 A GI, a kind of Intellectual Property Rights (IPR), is primarily an agricultural,
natural or manufactured product (handicraft and industrial goods) originating from a
definite geographical territory.
 A GI is a label that is applied to products that have a specific geographical origin
and that have characteristics related to a particular location.
 The tag is valid for a period of 10 years after which it is renewed.
 The Department for Promotion of Industry and Internal Trade (DPIIT),an arm
of the commerce and industry ministry which deals with investments and intellectual
property rights (IPRs), has issued operational guidelines for financial assistance for
undertaking the initiatives for the promotion of GIs
Assam to construct 1st underwater tunnel in Brahmaputra between Gohpur and
Numaligarh
 Assam Chief Minister (CM) Shri Himanta Biswa Sarma announced that Assam’s
first underwater railroad tunnel will be built between Numaligarh and Gohpur.

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Aim :
 To connect the towns of
Numaligarh and Gohpur,
revolutionising
transportation infrastructure
in the region.
 The project will cost around Rs
6,000 crore.
 The tender for the project will
open on July 4, 2023.
 It will be built under the
Brahmaputra River and will be around 35 kilometres long.
 Both rails and vehicles will pass through the underwater tunnel.
 It will further connect the north and south banks of the Brahmaputra River and bring
a transformational change in transportation infrastructure.
 To ensure smooth progress, preparations for the Detailed Project Report (DPR) and
land selection are underway.
 The tunnel will promote trade and commerce opportunities and will boost tourism
in the state.
 Currently, the Brahmaputra River is crossed by people through ferries or bridges,
which is time-consuming and prone to disruptions during monsoon season.
About Assam :
 Governor : Gulab Chand Kataria
 Chief Minister : Himanta Biswa Sarma
 Capital : Dispur
 National Park : Kaziranga National Park, Nameri National Park, Manas National Park
 Wildlife Sanctuary : Chakrashila Wildlife Sanctuary, Bornadi Wildlife Sanctuary

Uttar Pradesh Government launches Legal Aid Defence Counselling System to provide free
legal aid to needy

 The Uttar Pradesh (UP) government

implemented the Legal Aid Defence
Counsel System (LADCS) for a period of
2 years under the Uttar Pradesh State
Legal Services Authority to provide free
legal aid to the needy.
 This will help in solving minor
disputes.
 Through the LADCS system, legal
assistance will be provided to the general public by the chief, deputy and assistant
counsel.

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About LADCS :
 The primary objective of LADCS is to provide legal assistance, specifically in
criminal cases, in districts or headquarters.
 It includes representation, trial and appeals in all sessions, special, magistrate and
executive courts.
Benefits of LADCS :
 Direct benefits to Scheduled Castes and Scheduled Tribes (SC/ST) and victims of
illegal acts
 This will be helpful for industrial workers and people in police custody.
 Assistance to persons affected by disasters (ethnic violence, flood, drought,
earthquake, industrial disaster)
 Support for mentally ill persons (in safe homes, mental hospitals or nursing homes)
 Under this, The beneficiaries will also get benefits with an annual income of less than
₹3,00,000.
 LADCS will also benefit women, minor children, persons affected by disabilities like
blindness, leprosy, deafness and mental weakness.
 The people who have been affected by the illegal acts of the individuals will get direct
benefits.
About UP :
 Governor : Anandiben Patel
 Chief Minister : Yogi Adityanath
 Capital : Lucknow
 National Park : Dudhwa National Park
 Wildlife Sanctuary : Bakhira Wildlife Sanctuary, Chandraprabha Wildlife Sanctuary,
National Chambal Wildlife Sanctuary

Himachal Pradesh to set up a Special Task Force to Combat Drug Menace

 The Himachal Pradesh (HP)

government has decided to set up a
special task force to combat the
problem of the drug menace.
 Chief Minister Shri Sukhvinder
Singh Sukhu emphasized the need
for strict action against drug
peddlers and to increase
awareness campaigns to rescue the
youth from the clutches of drug abuse.
 He also presented awards to winners of various events organized under the ‘Pradhav’
(Wipe out drugs) campaign.
 He also stated that the HP government has taken up the issue of making the
Narcotics Act more stringent and has taken up the issue of making Narcotics Act

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more stringent with the Central Government.

 Himachal Pradesh Tourism Department would provide training to individuals
recovering from rehabilitation centres to integrate into mainstream society.
 The state government is also planning to establish two State-of-the-art drug de-
addiction-cum-rehabilitation centers in Himachal.
 The State Government has sanctioned four new police stations.
 Three will be on the Kiratpur-Manali four-lane highway and one in Bir in Kangra
district.
About HP :
 Governor : Shiv Pratap Shukla
 Chief Minister : Sukhvinder Singh Sukhu
 Capital : Shimla (Summer), Dharamshala (Winter)
 Wildlife Sanctuary : Daranghati Sanctuary, Kanwar Sanctuary,Rupi Bhawa Sanctuary

BUSINESS NEWS
India’s current account deficit narrows to 1.3 billion dollars in the January-March quarter
of the last fiscal

 India’s current account

deficit narrowed to 1.3
billion dollars or 0.2 per
cent of GDP in the
January-March quarter of
last fiscal.
 According to the data
released by the Reserve
Bank, the decline was mainly due to moderation in the trade deficit and a robust
increase in services exports.
 However, for fiscal 2022-23, the current account balance recorded a deficit of 2 per
cent of GDP compared to a deficit of 1.2 per cent in 2021-22 as the trade deficit
widened to 265.3 billion dollars from 189.5 billion dollars a year ago.
 RBI data has shown that net services receipts increased, both sequentially and on a
year-on-year basis, on the back of a rise in net earnings from computer services.

RANKING AND INDEX

IIT Bombay ranked 1st in India and 149th in the world in QS World University Rankings
 IIT Bombay has been ranked 1st in India and 149th in the world in QS
(Quacquarelli Symonds) World University Rankings.
 It has moved significantly up from 172nd rank last year to 149th rank this year.
 For the first time ever, IITB has been ranked within top 150 and top 10% in QS
rankings.

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 IITB has a score of 81.9

in employer
reputation, 73.1 in
citation per faculty,
55.5 in academic
reputation, 47.4 in
employment outcome,
54.9 in sustainability.
 Among the various 9
parameters, employer reputation indicated the strongest one for IIT Bombay with a
rank of 69 globally.
 Director of IIT Bombay Prof. Subhasis Chaudhuri said, excellence in teaching is the
key driving point for IIT Bombay.
 Efforts lie in providing an ambience and infrastructure that is conducive to achieving
excellence by students and faculties.
 This marks the first time in eight years that an Indian higher education institution has
made it to the top 150 list, with the Indian
 Institute of Science (IISc) Bangalore previously achieved this feat in 2016 with a
ranking of 147.
 IIT Bombay has made a remarkable leap, climbing 23 positions to secure the 149th
rank globally in this year’s edition of the rankings.
 However, the list has also seen significant fluctuations, with IISc falling 70 positions
from 155th rank to 225.
 It now stands as the third-highest ranked Indian institution, compared to being the
best Indian institution last year.
 Similarly, IIT Delhi fell from 174 to 197, IIT Kanpur from 264 to 278 and IIT Madras
from 250 to 285, among others.

APPOINTMENTS & RESIGNATION

UN Secretary-General appoints Indian-origin satellite expert Aarti Holla-Maini as Director
of UN Office for Outer Space Affairs

 Indian-origin satellite
industry expert Aarti Holla-
Maini was appointed as the
Director of the United
Nations Office for Outer
Space Affairs (UNOOSA)
in Vienna by the United
Nations Secretary-General
Antonio Guterres.

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 Aarti Holla-Maini will succeed Simonetta Di Pippo of Italy, who served as the
director of UNOOSA from 2014 to 2022.
 Until Aarti Holla-Maini assumes the position of Director of UNOOSA, Niklas
Hedman of Sweden has been serving as the Acting Director of UNOOSA since March
2022 will continue in the post.
About Aarti Holla-Maini :
 Aarti Holla-Maini has over 25 years of professional experience in the space sector
including managerial and advocacy functions.
 She has also served as the Secretary General of the Global Satellite Operators
Association for over 18 years.
 Holla-Maini’s experience includes service as a member of the World Economic
Forum's Global Future Council on Space; member of the Advisory Group of the
Space Sustainability Rating managed by eSpace at the École Polytechnique
Federale de Lausanne (EPFL) Space Center.
 Also she served as a member of the Advisory Board of the Satellite Industry
Association of India; Senior Space Policy Advisor to Forum Europe and as Expert
Advisor on Space Traffic Management for European Union studies 2021-2023.
 She played a key role in designing the Crisis Connectivity Charter, which was
established in 2015.
 Crisis Connectivity Charter aimed to facilitate emergency telecommunications
through satellite technology, working closely with the UN World Food Program's
Emergency Telecommunications Cluster.
 Prior to this new appointment, she was Executive Vice-President Sustainability,
Policy & Impact at NorthStar Earth & Space.
About UNOOSA :
 Established : 13 December 1958
 Headquarters : Vienna, Austria
 The UNOOSA is an office of the U.N. Secretariat that promotes and facilitates
peaceful international cooperation in outer space.
Objective :
 To foster global collaboration in the peaceful utilization and exploration of outer
space, as well as the effective application of space science and technology to achieve
sustainable economic and social progress.

Federal Bank elevates wholesale banking head Harsh Dugar as Executive Director

 Federal Bank’s wholesale banking head Harsh

Dugar has been elevated as its executive director.
 RBI has approved his appointment for 3 years with
effect from June 23, 2023.
 He will continue to oversee the wholesale banking
division of Federal Bank.

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About Harsh Dugar :

 Dugar comes with expertise in the field of Wholesale Banking which spans various
verticals and geographies including corporate & institutional, commercial banking,
business solutions, government business, CV/CE, and micro, rural & agri business.
 He joined the lender in October 2016 as the country head for corporate and
institutional banking.
 He was the group president and country head of wholesale banking at Federal Bank
since April 2021.
About Federal Bank :
 Headquarters : Aluva, Kochi, Kerala, India
 MD & CEO :Shyam Srinivasan
 Tagline : your perfect banking partner.

Haoliang Xu appointed as new Associate Administrator for the United Nations

Development Programme

 UN Secretary-General Antonio Guterres

appointed Haoliang Xu of China as
undersecretary-general and associate
administrator of the UN Development
Programme (UNDP).
 Xu will succeed Usha Rao-Monari of India,
Associate Administrator since April 2021.
About Haoliang Xu :
 Haoliang worked in the fields of civil engineering in
China and the United States.
 Since joining UNDP in 1994, he has fulfilled various
roles within the organization, working in field and
headquarters assignments in Asia-Pacific, Europe
and Central Asia, including assignments in Iran, Timor-Leste, Pakistan and
Kazakhstan.
 Between 2013 and 2019, he was UN Assistant Secretary-General, UNDP Assistant
Administrator and Director of the Regional Bureau for Asia and the Pacific.
 Currently, Xu serves as UN Assistant Secretary-General, UNDP Assistant
Administrator, and Director of the Bureau for Policy and Programme Support
(BPPS), a role he has carried out with distinction since July 2019.
About UNDP :
 Established : 22 November 1965
 Headquarters : New York
 Administrator : Achim Steiner
 The UNDP is a United Nations (UN) agency tasked with helping countries eliminate
poverty and achieve sustainable economic growth and human development.

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 Daily Current Affairs
29th June 2023

ACQUISITIONS & MERGERS

Piramal Enterprises to sell entire 8.34% stake in Shriram Finance

 Piramal Enterprises sold its entire

stake of 8.34% in Non-Banking
Financial Company (NBFC) major
Shriram Finance through a block deal.
 Investment banking firm Morgan
Stanley will be the sole broker for the
block deal.
 The company will offload around 3.1
crore of its shares in Shriram Finance at a floor price of Rs 1,483 per share, which is a
5% discount from the current levels.
 TPG India sold around 99.18 equity shares or a 2.64% stake in the company through
block deals to a clutch of mutual funds and other institutional investors.
 The transaction was completed at a weighted average price of Rs 1,401 per unit and
the Private Equity (PE) firm earned Rs 1,389 crore.

SPORTS NEWS

Kolkata Team Emerges Victorious in Historic Dubai Women's Kabaddi Final

 In a significant milestone
for women's Kabaddi,
Dubai hosted the
world's first
international Women's
Kabaddi final,
featuring the Punjab
Panthers vs Uma
Kolkata.
 The intense match
concluded with the Uma Kolkata team emerging as champions, securing a
grand prize of ₹10,000,000.
 The Punjab team demonstrated commendable skills and earned the second
position, receiving a prize of ₹5,000,000.
 The tournament spanned 12 days and witnessed the participation of eight teams from
India, representing different states.
 Esteemed figures, including Juma Al Madani, Chairman and CEO of Al Matiya Group,
Pushyamitra Bhargav, Mayor of Indore, Pradeep Kumar Nehra, Director Women's
Kabaddi League and prominent Indian diaspora such as Dr Sunil Manjrekar and
Chandrashekhar Bhatia, graced the final ceremony.

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29th June 2023

 The event was successfully organized by Women's Kabaddi league who played a
crucial role in bringing the tournament to fruition.
 This historic event provided a global platform for women Kabaddi players from India
to showcase their skills and talent.
 The eight teams represented various Indian states, including the Delhi Dynamites,
Gujarat Angels, Great Marathas, Haryana Hustlers, Punjab Panthers, Rajasthan Riders,
Uma Kolkata, and Bengaluru Hawks.
 The tournament witnessed remarkable participation, with eight teams from across
India converging in Dubai.
 The event not only showcased the exceptional abilities of Indian Kabaddi players but
also promoted cultural exchange and strengthened ties between India and the United
Arab Emirates.

IMPORTANT DAYS
National Statistics Day - 29th June 2023

 Every year, National Statistics

Day is celebrated on June 29 in
India.
 The theme of Statistics Day, 2023 is
“Alignment of State Indicator
Framework with National
Indicator Framework for
Monitoring Sustainable
Development Goals”.
 It was first celebrated on June 29, 2007, to acknowledge the outstanding
contributions of Prof Mahalanobis in the fields of economic planning and statistical
development.
 His birth anniversary was chosen as National Statistics Day.
 A notification for this was first published in the Gazette of India on June 05, 2007.
Daily CA One-Liner: June 29
 Canara Bank has become the first Public Sector Bank (PSB) in India to introduce
the facility of Unified Payments Interface (UPI) payments to merchants through
RuPay Credit Card in association with National Payments Corporation of India
(NPCI).
 The World Bank has approved a loan worth USD 300 million to help expand and
improve the quality of education in government-run schools in Chhattisgarh.
 The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has
given its approval for ratification of the Headquarters Agreement (HQA)
between the Government of India (Gol) and Coalition for Disaster Resilient
Infrastructure (CDRI) signed on 22nd August, 2022.

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 Daily Current Affairs
29th June 2023

 The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, approved
the introduction of the National Research Foundation (NRF) Bill, 2023 in
Parliament
 The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri
Narendra Modi has approved Fair and Remunerative Price (FRP) of sugarcane for
sugar season 2023-24 (October - September) at Rs.315/QTL for a basic recovery
rate of 10.25%
 The Department of Expenditure, Ministry of Finance, has given a boost to
reforms by the States in power sector by providing financial incentives in the
form of additional borrowing permissions.
 The Government of India is organizing an International Conference on Green
Hydrogen (ICGH-2023) during 5th – 7th July 2023 at Vigyan Bhawan, New Delhi,
to bring together the global scientific and industrial community to discuss
recent advances and emerging technologies in the entire green hydrogen value
chain.
 The Union Minister of Ports, Shipping & Waterways and Ayush Shri Sarbananda
Sonowal launched ‘Sagar Samajik Sahayyog’ - the new guidelines of Corporate
Social Responsibility (CSR) by the Ministry of Ports, Shipping & Waterways
 India’s current account deficit narrowed to 1.3 billion dollars or 0.2 per cent of
GDP in the January-March quarter of last fiscal.
 IIT Bombay has been ranked 1st in India and 149th in world in QS (Quacquarelli
Symonds) World University Rankings
 In a significant milestone for women's Kabaddi, Dubai hosted the world's first
international Women's Kabaddi final, featuring the Punjab Panthers vs Uma
Kolkata.

 The Geographical Indications Registry in Chennai has given tags to 7 different

products from Uttar Pradesh (UP) ie Amroha Dholak, Mahoba Gaura Patthar
Hastashlip, Mainpuri Tarkashi, Sambhal Horn Craft, Baghpat Home Furnishings,
Barabanki Handloom Product, Kalpi Handmade Paper.
 Chief Minister (CM) Shri Himanta Biswa Sarma announced that Assam’s first
underwater railroad tunnel will be built between Numaligarh and Gohpur.
 The Uttar Pradesh (UP) government implemented the Legal Aid Defense Counsel
System (LADCS) for a period of 2 years under the Uttar Pradesh State Legal
Services Authority to provide free legal aid to the needy.
 The Himachal Pradesh (HP) government has decided to set up a special task force
to combat the problem of the drug menace.
 Indian-origin satellite industry expert Aarti Holla-Maini was appointed as the
Director of the United Nations Office for Outer Space Affairs (UNOOSA) in
Vienna by the United Nations Secretary-General Antonio Guterres.
 Federal Bank’s wholesale banking head Harsh Dugar has been elevated as its
executive director.

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29th June 2023

 UN Secretary-General Antonio Guterres appointed Haoliang Xu of China as

undersecretary-general and associate administrator of the UN Development
Programme (UNDP).
 Piramal Enterprises sold its entire stake of 8.34% in Non-Banking Financial
Company (NBFC) major Shriram Finance through a block deal.
 Every year, National Statistics Day is celebrated on June 29 in India.

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