Document Title

[Date] [Document title]
[Document subtitle]
ravi sharma
[COMPANY NAME]
THE
YesMagazine
SBI | IBPS | RBI | LIC | All Other Bank & Insurance Exams
CONTENT
Banking & Finance
Economy
Insurance
National
International
India & The World
Agreements & MoUs
Appointments & Resignations
Awards & Recognitions
Sports
Schemes
Ranks & Reports
Important Days
Summit & Conferences
Science & Technology
Apps & Portals
Acquisitions & Mergers
Environment
Defence
Obituary
FinTech
RBI Corner
Current Affairs Practice Question With Answer Keys
CA booster Practice Questions
Quant questions with Answer keys and Solutions
English Questions with answer keys
‘Boost your Vocab Section’
Reasoning Questions with Answer Keys and Solutions
@yesofficer.official Subscribe Now Telegram Channel

Follow us YesOfficer YouTube @yesofficeryesmock
YesMagazine

YesMagazine

YesMagazine

YesMagazine

YesMagazine
Banking & Finance

1. SBI sanctioned ₹2,030 cr under co-lending tie-up with NBFCs
• State Bank of India entered into co-lending
tie-ups with 23 non-banking finance companies
(NBFCs)/housing finance companies (HFCs).
• Aim: To enhance its reach to the unserved and
under-served populace
• Further, India’s largest Bank has launched an end-to-end
digital platform for credit underwriting, sanction,
disbursement, and collections for NBFC co-lending.
• Under this model, SBI has sanctioned loans to more than
2.79 lakh borrowers amounting to ₹2,030 crore.
• Out of this, more than 2.70 lakh accounts were sanctioned in a complete digitised mode for loans up
to ₹3 lakh.
2. HDFC Bank Inks Co-Lending Pact with Ashv Finance to Boost MSME Lending
• Agreement between: HDFC Bank and Ashv Finance
• Type: Co-lending pact
• Aim: To provide unsecured business loans to micro and small enterprises (MSEs)
• The unsecured business loans by Ashv Finance are offered between Rs 20 lakh and Rs 50 lakh for a
minimum of 12 months and a maximum of 36 months.
• Ashv said repeat customers can avail of unsecured loans for up to Rs 75 lakh.
3. SEBI Can Now Impose Fine on MIIs For Surveillance-Related Lapses

• New framework: A framework on “financial disincentives” for market infrastructure institutions
that would impose a penalty ranging from ₹1 lakh to ₹1 crore for each instance surveillance lapse
during the financial year.
• Penalties:
o First instance of lapse: Fine will vary from ₹1 lakh (if annual revenue of MII is less than ₹300
crore) to ₹25 lakh (if annual revenue is greater than ₹1,000 crore).
o Second instance: This penalty will vary from ₹2 lakh to ₹50 lakh.
o Third instance: The penalty will vary from ₹4 lakh to ₹1 crore.
• The new framework will be applicable from July 1.
• Objective: To monitor the market to detect and deter manipulation or abusive trading that affects
the integrity of the market and to provide information that supports the regulator’s enforcement
actions
• Monitoring the day-to-day activities in the markets including Trading,
• Margining, Settlement, Demat transactions

YesMagazine
• The conduct of market intermediaries through generation and processing of alerts, seeking trading
rationale, carrying out snap analysis;
• Reporting of abnormal or suspicious activities.
•
4. SEBI finds ICICI bank outreach to I-sec shareholders inappropriate
• Securities and Exchange Board of India (SEBI) has issued an administrative warning to ICICI Bank
on the outreach undertaken by it regarding the delisting of equity shares of ICICI Securities(I-Sec).
• SEBI received several complaints from shareholders of I-Sec alleging that they have received
multiple calls/messages from the bank officials to vote in favour of the delisting scheme.
• ICICI Bank warned to be careful in future and improve compliance standards to avoid recurrence of
such instances.
• Failing which action may be initiated in accordance with the provisions of SEBI Act, 1992 and the
Rules and Regulations framed thereunder.
5. RBI Launches Global Hackathon HARBInger 2024
• Edition: Third
• Reason: To combat financial frauds
• Aim: To develop innovative tech-based solutions to
predict, detect, and prevent financial frauds in real-
time.
Key themes: (1) ‘Zero Financial Frauds’ and (2) ‘Being
Divyang Friendly’
• Incentives and Support
• Prize Money: INR 40 Lakh for winners across each
problem statement.
• Special Prize: INR 20 Lakh for the best all-women team
across all problem statements.
• Stipend: INR 5 Lakh for each shortlisted team to cover prototype development costs.
• Mentorship: Opportunity to be mentored by industry experts and present solutions to an eminent
jury.
• The announcement follows a significant increase in online frauds, which surged 334% year-on-year
to 29,082 cases in FY24, with the involved amount rising to INR 1,457 Cr from INR 227 Cr the
previous year.
6. RBI opens gates for investors, companies to invest in overseas funds

• Context: Investors and companies based in India will now be able to invest in overseas funds
without any restrictions.
• The move follows an amendment by the Reserve Bank of India (RBI) regarding Overseas Portfolio
Investments (OPIs).

YesMagazine
• The RBI issued a circular amending the Foreign Exchange Management (Overseas Investment)
Directions, 2022, lifting several restrictions.
• The amendments remove restrictions, which permitted Indian Limited Partners (LPs) to invest only
in units issued by overseas funds.
• Now, investment is allowed in any instrument, regardless of its form whether in units or not.
• The norms will also remove the ambiguity around the fund being set up as trusts, companies, and
partnerships.
7. PNB to open representative office in Dubai
• Context: Punjab National Bank plans to open a representative office in Dubai
• As on March 31, 2024, PNB had presence in six countries by way of two subsidiaries (London-UK
and Bhutan), one joint venture (Nepal), two representative offices (Myanmar and Bangladesh).A
8. State Bank of India to raise up to $3 bn via debt in FY25
• Context: The State Bank of India (SBI) has received an approval from the board to raise up to $3 bn
via debt in FY25
• Proposed tranches: One or more (to raise fund)
• By: Public offer or a private placement of senior unsecured notes, which will be denominated in US
dollars or another major foreign currency
• Reason to raise fund?
• Indian banks are shoring up their capital base to meet the rising demand for loans.
9. Outward FDI remain almost flat at $2.0 billion in May 2024: RBI
• Data by: The Reserve Bank of India (RBI)
• Outbound FDI: It is expressed as a financial commitment, comprises three components: equity,
loans, and guarantees.
• The country's outward foreign direct investment (FDI) commitments were almost flat at $2 billion
in May 2024, compared to $1.98 billion in May 2023.
• Sequentially, FDI commitments were down from $2.78 billion in April 2024.
• The equity commitments rose marginally to $1.02 billion in May 2024 from $965.86 million a year
ago.
• Debt commitments rose to $262.7 million in May 2024 from $225.5 million in May 2023.
• Guarantees for overseas units declined to $718 million in May 2024.
10. FIU Imposes Fine on Axis Bank for Failure to Detect NSG Fraud
• Amount: Rs 1.66 crore
• Reason: For failing to detect and report suspicious transactions linked to a fraudulent National
Security Guard (NSG) account allegedly created by one of its employees.
• The bank was criticized for not filing suspicious transaction reports (STRs), not verifying the
authority of the involved employee properly, and overlooking discrepancies in account profiles.
11. ATM operators seek Rs 2 hike in interchange fee for viability

YesMagazine
• Context: India's ATM operators have approached the Reserve Bank of India (RBI) and the National
Payments Corporation of India (NPCI) for an increase in the interchange fee paid by customers on
cash withdrawals.
• Current interchange fee: Rs 21
• Proposal for interchange fee: Raised by Rs 2, to a maximum of Rs 23 per transaction.
• Reason: To ensure more funding commitment for the business.
• Currently, for the six metro cities (Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, and New
Delhi) banks offer their savings bank account holders a minimum of five free transactions in a
month, while three transactions are free at any other bank's ATM.
12. Bank of Maharashtra Makes NRI Banking Easier with Its NRI Banking Solutions
• Launch of: NRI Banking Service (Form of various deposit accounts)
• Launched by: Bank of Maharashtra
• Types of NRI deposit accounts:
• NonResident External (NRE),
• Non-Resident Ordinary (NRO),
• Foreign Currency NonResident (FCNR)
• Resident Foreign Currency (RFC)
• Note:
• The bank ensures strict adherence to the International Financial Reporting Standards like:
• Foreign Account Tax Compliance Act (FATCA)
• Common Reporting Standard (CRS)
• Aim: To provide secure banking to its NRI customers
• NRE Accounts:
• Aim: To manage their earnings in INR
• Offering various deposit formats such as Savings, Current, Recurring, and Term Deposits.
• Interest is exempt from income tax, and the account balances are free from wealth tax, ensuring a
hassle-free banking experience.
• NRO Accounts:
• Addresses the need for managing income earned within India, like rent, dividends, pensions, etc.
• Allows Savings, Current, and Fixed Deposit options with an interest rate aligned with domestic rates
• Provides a limited repatriation, with a limit of up to US$ 1 million per financial year.
• FCNR Accounts:
• For NRIs seeking to invest in foreign currency, FCNR accounts provide a convenient option.
• These are term deposit accounts.
• RFC Accounts:
• Catering to NRIs returning to India for permanent settlement, RFC accounts allow them to maintain
funds in designated foreign currencies.
13. Karnataka Bank launches WISE Senior Citizen SB account

YesMagazine
• WISE refer to Wellness, Investments, and Savings for Elderly

• Type: Saving Bank Account
• Aim: To cater to the Banking, Healthcare and Wellness needs of senior citizens.
• Variant:
• KBL Wise Signature (Regular variant)
• KBL Wise Advantage (Premium variant)
• The product offers an array of bundled features, including free top-up health insurance up to ₹10
lakh, free MediBuddy Healthcare benefits, free HospiCash facility, discount on locker rentals,
doorstep banking facility, a lifetime free Rupay Select Debit card, and other features.
14. RBI imposes Rs 1.45 crore penalty on Central Bank of India
• Amount: Rs 1.45 crore
• Reason: The bank sanctioned a working capital demand loan to a
Corporation against amounts receivable from Government by way of
subsidies.
• Also, it failed to credit the amount involved in a few instances of
unauthorised electronic transaction to the customer’s account within
10 working days from the date of notification by the customer.
• Further, the bank failed to resolve complaints and provide
compensation to certain customers within 90 days from the date of
receipt of such complaints.
15. RBI penalises three cooperative banks for rule violations

• Ramanagaram Urban Co-operative Bank Limited, Karnataka
• Amount: Rs 75,000
• Reason: For non-compliance with certain provisions of RBI directions on exposure norms and
statutory restrictions-UCBs’.
• The Kancheepuram Central Co-operative Bank Ltd., Kancheepura, Tamil Nadu
• Amount: Rs 50,000
• For non-compliance with the directions issued by the National Bank for Agriculture and Rural
Development (NABARD) on Frauds - Guidelines for Classification, Reporting and Monitoring.
• Nandani Sahakari Bank Ltd. of Kolhapur, Maharashtra
• Amount: Rs 2 lakhs
• Reason: For non-compliance with directions issued by RBI on Gold Loan – Bullet Repayment – UCBs’
and ‘Management of Advances – UCBs‘.
16. India's forex reserves jump $4.3 bn to hit new all-time high of $655.8 bn
• Data by: The Reserve Bank of India
• India's forex reserves:
• Week ended on June 7, 2024: USD 655.817 billion (jumped USD 4.307 billion)
• Previous reporting week: USD 651.51 billion
• Foreign currency assets: A major component of the reserves, increased by USD 3.773 billion to USD
576.337 billion

YesMagazine
• Gold reserves increased USD 481 million to USD 56.982 billion during the week
• The Special Drawing Rights (SDRs) were up USD 43 million to USD 18.161 billion
• India's reserve position with the IMF was up USD 10 million to USD 4.336 billion in the reporting
week
17. Shivalik Small Finance Bank raises Rs 100 Cr in equity investment
• Shivalik Small Finance Bank has raised Rs 100 crore in equity co-led by global venture capital firm
Lightspeed and Sanjay Nayar-founded Sorin Investments
• Use of fund: To enhance its tech stack, strengthen its team, and further develop its product
proposition to build a digital-first bank for small businesses and underserved segments.
• Note: Shivalik became the first Small Finance Bank in India to transition from an Urban Co-operative
bank namely Shivalik Mercantile Co-operative Bank (SMCB).
18. RBI invites applications for recognition of SROs for NBFCs
• The applications are invited under the aegis of RBI’s ‘Omnibus Framework for recognition of Self-
Regulatory Organizations for Regulated Entities of the Reserve Bank’.
• Membership criteria for NBFC SROs:
• The SRO for NBFC sector is primarily envisaged for NBFCs in the categories of:
• Investment and Credit Companies (NBFC-ICCs),
• Housing Finance Companies (HFCs) and Factors (NBFC-Factors).
• The recognized SRO shall have a good mix of NBFC-ICCs, HFCs and NBFC-Factors as its members.
• The SRO shall have at least 10% of the total number of NBFCs in the Base Layer as per Scale Based
Regulatory Framework and categorised as NBFC-ICC and NBFC-Factor, as its members.
• The failure to achieve the aforesaid membership, within two years of the grant of recognition as
SRO, would render the SRO liable for revocation of the recognition
• Terms of recognition of SROs:
• The applicant should achieve a minimum net worth of Rs 2 crore within a period of one year after
recognition as an SRO, or before commencement of operations as an SRO, whichever is earlier.
• A maximum of two SROs for the NBFC sector will be recognised, subject to the applicants fulfilling
the prescribed criteria to the satisfaction of the Reserve Bank.
19. APIX and RBI Join Forces for HaRBInger 2024 Hackathon
• APIX partnered with the Reserve Bank of India (RBI) to host the prestigious HaRBInger 2024
hackathon.
• Aim: To bring together the brightest minds from around the world to develop cutting-edge solutions
that enhance the security and inclusivity of the financial ecosystem.
• Themes:
• THEME 1: "Zero Financial Frauds"
• THEME 2: "Being Divyang Friendly"
20. PFRDA to allow subscribers to keep 50% investment in equity upto 45 yrs age
• The Pension Fund Regulatory and Development Authority (PFRDA) is set to launch a new National
Pension Scheme (NPS)

YesMagazine
• It will allow subscribers to keep 50% of their investment in equity funds until a higher age limit of
45 years.
• At present, the pension regulator allows 50% investment in equity funds until the age of 35 years
• PFRDA chairman: Deepak Mohanty
21. WestBridge Capital sells 1.7% stake in AU Small Fin Bank for Rs 845 cr
• Private equity firm WestBridge Capital divested a 1.7 per cent stake in the AU Small Finance Bank
for Rs 845 crore through an open market transaction.
• WestBridge Capital, through its affiliate Westbridge AIF I, sold shares of the Jaipur-based AU Small
Finance Bank through a bulk deal on the National Stock Exchange (NSE).
• Meanwhile, Goldman Sachs Investments Mauritius I picked up 43.34
lakh shares of the AU Small Finance Bank at an average price of Rs 650
per piece.
• This took the deal value to Rs 281.71 crore.
22. RBI cancels license of Mumbai-based The City Co-operative Bank

• Reason: For insufficient capital and earning prospects.
• Depositors can claim up to Rs 5 lakh from DICGC.
• 87% of depositors are eligible for full deposit insurance claim.
23. SBI Approves Raising Up To Rs 20,000 Crore via Long-Term Bonds for FY 2025
• Context: The State Bank of India (SBI) has received an approval from the central board to raise fund
• Amount: Rs 20,000 Crore
• Channel: By issuing long-term bonds in the Financial Year 2025 for funding infrastructure projects
and affordable housing units.
• Earlier this month, SBI raised 100 million dollar through its London branch by selling three-year
senior unsecured floating-rate bonds that were sold at a spread of 95 basis points above the secured
overnight financing rate (SOFR).
24. RBI cancels license of Purvanchal Co-op Bank, Ghazipur

• The Reserve Bank of India (RBI) has revoked the license of Purvanchal Co-operative Bank in
Ghazipur, Uttar Pradesh
• Reason: Insufficient capital and earnings prospects
• The bank will be liquidated, with depositors entitled to claims up to Rs 5 lakh from DICGC.
• Currently, 99.51% of depositors are eligible for full refunds.
• As of May 30, 2024, DICGC has disbursed Rs 12.63 crore to depositors who agreed to the claim
settlement.

YesMagazine
25. PFRDA selects NEC Corp India as system integrator
• Context: PFRDA (Pension regulator) has selected NEC

Corporation India as System Integrator (SI) for its digital
platform PFRDA-TRACE.
• Tenure: 6 years
• PFRDA-TRACE
• Here, TRACE refers to tracking, reporting, analytics, and
compliance e-platform
• Serve as a comprehensive tool for submitting regulatory and supervisory compliance reports by
intermediaries, sharing of reports and data with PFRDA, monitoring functions and facilitating a
workflow for PFRDA departments to review and track submissions.
• PFRDA-TRACE is the second phase of its technology architecture (TARCH) project to digitize and
automate its operations.
• The technology architecture envisaged for PFRDA will have four modules:
• Website revamp and chatbot;
• PFRDA online intermediary supervision engine (POISE);
• PFRDA repository and information systems management: data and analytics platform (PRISM);
• PFRDA Intranet — internal digitalization (PINTRA)
26. RBI fines HSBC Rs 29.6 lakh for credit card rule violations
• Amount: Rs 29.6 lakh
• Violation: Credit Card rule
• RBI has guidelines for how banks handle credit cards, including how they calculate the minimum
amount you must pay each month (minimum payment due).
• HSBC failed to ensure that a specific calculation method, designed to prevent your credit card debt
from growing faster than you can pay it off, was being followed in some accounts.
27. RBI raises limit for short-term borrowing for states, UTs from July 1
• The revised aggregate Ways and Means Advances (WMA) limit for states and UTs will be Rs 601.18
billion ($7.21 billion), compared with the current limit of Rs 470.10 billion.
• The RBI provides WMA to states banking with it to help them tide over temporary mismatches in
the cash flow of their receipts and payments.
• The change in the WMA was also based on recommendations made by an RBI-constituted group,
comprising select state finance secretaries
• States can now avail a maximum of 50 per cent or lower of the outstanding balance of the funds as
on the last date of the second preceding quarter.
• They can also use the current balance held in either the Consolidated Sinking Fund or Guarantee
Redemption Fund, reserve funds set by the central bank with the states' contributions to service
debt payments.

YesMagazine
28. Forex reserves rise by $810 mn to $653.7 bn as on June 21: RBI data
• India's foreign exchange reserves rose by $810 million and stood at $653.71 billion as of June 21.
• The reserves had fallen by $2.9 billion in the previous week.
• The all-time high for the reserves was $655.817 billion on June 7.
• Foreign currency assets, a major component of the reserves, decreased by $106 million to $574.134
billion.
• India's gold reserves increased by $988 million to $56.956 billion.
• Special Drawing Rights (SDRs) were down by $57 million to $18.049 billion
• India's reserve position with the International Monetary Fund (IMF) was down by $9 million to
$4.572 billion.
29. SEBI raises basic demat account limit to Rs 10 lakh to boost participation
• Sebi increased the threshold for the basic service demat account to Rs 10 lakh from the current Rs
2 lakh.
• To boost participation of small investors in the securities market
• The new guidelines will come into force from September 1.
• Increasing the limit of securities' value held in the Basic Services Demat Account (BSDA) will
encourage small investors to trade in the stock market and ensure their financial inclusion.
30. ICICI Bank M-Cap Tops $100 bn; Becomes Only Sixth Indian Co to Hit Milestone
• $100-billion market capitalization joined by: ICICI Bank
• Becoming only the sixth company to do so
• Already joined by: Reliance Industries, Tata Consultancy Services, HDFC Bank, Bharti Airtel, and
Infosys
• Note: ICICI Bank is the second largest bank in India by market capitalization, trailing HDFC Bank.
31. RBI Penalizes Sonali Bank PLC for Violations

• Penalty on: Central Bank of India and Sonali Bank PLC
• Imposed by: The Reserve Bank of India (RBI)
• Sonali Bank PLC:
• Penalty amount: ₹96.4 lakh
• Reason: For non-compliance with KYC Directions, 2016
31. HDFC Bank launches digital investment platform SmartWealth

• A new digital investment platform to take wealth services to every Indian and make investments
simple and transparent.
• It allows investors to make the right investment decisions and plan their financial journey.

YesMagazine
• It has been developed with first-time investors in mind, built with smart intelligence and has
pioneering tools that allow users to make the right investment decisions to plan their finances.
• The Portfolio Analytics feature on SmartWealth analyses asset distribution and alerts users to
overexposure in a particular fund, thereby mitigating risk.
• Using SmartWealth, investors can invest in mutual funds, open fixed deposits, or create recurring
deposits. Investments in insurance, sovereign gold bonds and PPF are in the pipeline.
32. Financial system resilient, banks GNPAs fall to multi-year low at 2.8%: RBI
• Report title: Financial Stability Report (FSR)
• Report by: The Reserve Bank of India
• Indian economy and the financial system remain robust and resilient.
• The gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8% at the end-March
2024.
• Scheduled Commercial Banks' gross non-performing assets (GNPA) ratio fell to a multi-year low of
2.8%
• The net non-performing assets (NNPA) ratio to 0.6% at end-March 2024
• The capital to risk-weighted assets ratio (CRAR) and the common equity tier 1 (CET1) ratio of SCBs
stood at 16.8 per cent and 13.9 per cent, respectively, at end-March 2024
• Macro stress tests for credit risk reveal that SCBs would be able to comply with minimum capital
requirements, with the system-level CRAR in March 2025 projected at 16.1 per cent, 14.4 per cent
and 13.0 per cent, respectively, under baseline, medium and severe stress scenarios.
• With regard to non-banking financial companies (NBFCs), remain healthy, with CRAR at 26.6 per
cent, GNPA ratio at 4.0 per cent and return on assets (RoA) at 3.3 per cent, respectively, at end-
March 2024.
33. Reserve Bank of India (RBI) revises Priority Sector Lending (PSL) norms
• What is PSL?
• PSL: Priority Sector Lending
• Formalized in: 1972
• Aim: To facilitate flow of credit to such sectors, which though creditworthy, are unable to access
credit from formal financial institutions.
• PSL Targets:
o Banks have to mandatorily allocate a portion of their Adjusted Net Bank Credit (ANBC) or
Credit Equivalent of Off-Balance Sheet Exposure (CEOBE), whichever is higher
o Mandated target differs for different banks:
o 40% for Scheduled commercial banks and foreign banks (with 20 or more branches)
o 75% for RRBs and SFBs.
• UCBs have to allocate 65% to PSL in FY 2024-25 but increasing it to 75% in FY 2025-26.
• Revision of PSL norms:
• Districts will be ranked based on per capita credit flow to the priority sector.
• Aim: To address regional disparities

YesMagazine
• It aims to build an incentive framework with higher weight (125%) for districts with comparatively
lower credit flow and a disincentive framework with lower weight (90%) for districts with
comparatively higher credit flow.
• Effective Period: From FY 2024-25 to FY 2026-27.
• All bank loans to MSMEs shall qualify for classification under PSL.
35. GST Council waives interest, penalty on tax demands between FY18 and FY20
• Goods and Services Tax (GST) Council:
• Edition: 53rd
• Date: 23rd June 2024
• Agenda: To reduce tax litigation and enhancing ease of business across the sectors
• Approvals:
• Waived interest and penalty for demand notices issued for the financial years 2017-18, 2018-19,
and 2019-20.
o (This is for cases where the taxpayer pays the full amount of tax raised in the notice by March
31, 2025.)
o Note: The waiver is conditional and does not cover wilful defaulters.
• PAN-India implementation of biometric-based registration in a phased manner.
o Aim: To help weed out fake registrations and fake credits.
• Nod to one of the key amendments in the Central GST Act under Section 11A.
o It will give power to both the centre and states to waive off the GST not paid due to ambiguity
of law or on account of “general practices” consistently being followed by the businesses.
• To reduce litigation, the Council has approved a monetary limit of:
o GST Appellate Tribunal: Rs 20 lakh
o High Court: Rs. 1 crore
o Supreme Court: Rs 2 crore
o For the filing of appeals by the GST department.
o Further, it reduced the quantum of pre-deposit required to be paid for filing of appeals under
GST.
• On services, it exempted certain services provided by Indian Railways and intra-railway supplies.
o GST relief was also given to students on accommodation services, for up to Rs 20,000 per
month per person, if the person stays a maximum of 90 days.
• The Council has introduced a sunset clause from April 1, 2025, for filing
complaints of anti-profiteering matters.
• About GST Council:
o Constitutional body
o Responsible for making recommendations on issues related to
the implementation of the GST in India.
o Article 279A of the Indian Constitution gives power to the
President of India to constitute a joint forum of the Centre and
States called the GST Council, consisting of:
o Chairperson: Union Finance Minister
o The Union Minister of State, in-charge of Revenue of finance

YesMagazine
o The Minister in-charge of finance or taxation, or any other Minister nominated by each State
Government
36. SEBI Strengthens IPO Pricing Rules to Prevent Manipulation
• Aim: To curb manipulation in the process involved in computing the opening price for a stock on
the day of its listing following an initial public offering (IPO)
• Key Highlights :
• Duration and Structure of New Session:
• The new pre-auction session lasts 60 minutes from 9 am to 10 am.
• 45 minutes: Order entry, order modification, and order cancellation.
• 10 minutes: Order matching and trade confirmation.
• 5 minutes: Buffer period to transition from pre-open to normal trading session.
• Implementation Timeline: The new rules will take effect after 90 days from the issuance of the SEBI
circular.
• Random Closures: System-driven random closures will occur during the last ten minutes of order
entry (between the 35th and 45th minute) to prevent manipulation.
• Alerts will be generated based on parameters such as:
• Significant modification of prices from previously placed orders.
• Cancelled quantity/value exceeding 5% of total cancelled quantity/value across the market during
the pre-open session.
• Cancelled quantity/value exceeding 50% of the quantity/value placed by the client.
37. Karnataka Vikas Grameena Bank gets national award for APY implementation
• National award for APY implementation: Karnataka Vikas Grameena Bank
• Awarded by: Pension Fund Regulatory and Development Authority (PFRDA)
• KVGB is a regional rural bank sponsored by Canara Bank
• Chairman of KVGB: Shreekant M Bhandiwad
• APY provides a safety net for workers in the informal sector, ensuring a pre-defined pension after
60 years.
38. Current account balance posts surplus of 0.6% of GDP in Jan-Mar 2024: RBI
• Data by: The Reserve Bank of India (RBI)
• India’s current account balance posted a surplus of $ 5.7 billion or 0.6% of gross domestic product
(GDP) during the fourth quarter ended March 2024 (Q4FY24).
• There was a current account deficit (CAD) of $1.3 billion (0.2% of GDP) during the fourth quarter of
the previous financial year.
• CAD was $8.7 billion (1 per cent GDP) during the quarter ended December 2023 (Q3FY24).
39. PFRDA to Launch New Life Cycle Fund Option by September
• Launch of: New Life Cycle Fund Option
• Launched by: Pension Fund Regulatory and Development Authority (PFRDA)
• The regulator would introduce new life cycle fund options with up to 50% equity by September for
NPS (non-government) subscribers.
• Life-cycle funds:

YesMagazine
• They are asset-allocation funds in which the share of each asset class is automatically adjusted to
lower risk as the desired retirement date approaches.
40. S&P Global Ratings retains India's growth forecast for FY25 at 6.8%
• Predicted by: S&P
• India's GDP growth for FY25: 6.8%
• Status: No change/retain
• Reason: High interest rates and lower fiscal boost tempering
demand in the non-agricultural sectors
• For FY26 and FY27, S&P projected India’s economy to grow at
6.9 per cent and 7 per cent, respectively.
• GDP growth forecast for China to 4.8 per cent from 4.6 per cent
for 2024
41. PFRDA target 28% NPS assets growth for FY25
• Organization: PFRDA
• Target for FY25: NPS assets of ₹15-lakh crore by March 2025
• This reflects a 28 per cent jump over AUM of ₹11.73-lakh crore recorded as of end March 2024.
• Achieving this target is however subject to the equity markets continuing with its ongoing
momentum
• Chairman, PFRDA: Deepak Mohanty
42. Rs 26 trillion of India's economy formalized in FY16-FY23: SBI
• Data by: The State Bank of India (SBI)
• Report title: Annual Survey of Unincorporated Sector Enterprises (ASUSE)
• India has formalized Rs 26 trillion of its economy between FY16 and FY23.
• Reason: The share of the informal economy fell to 23.7% from 25.9% during the seven-year period
• In absolute terms, the total amount of informal GVA increased to Rs 58.4 trillion in FY23 from Rs
18.6 trillion in FY16.
• Of this, informal agriculture contributed Rs 43 trillion, followed by informal services (Rs 11.8
trillion) and informal industry (Rs 3.6 trillion) in FY23.
• Meanwhile, the share of informal agriculture in total GVA rose to 95.9 per cent in FY23 from 94.8
per cent in FY11.
• On the other hand, the share of informal industry and informal services declined to 5.3 per cent and
8.8 per cent in FY23 from 6.6 per cent and 13.8 per cent in FY11.
43. BharatPe partners with Invest India to boost digital financial inclusion
• Aim: To promote digital financial inclusion and digital financial literacy across One District One
Product (ODOP) producers and sellers across ODOP districts in the country.
• This will enhance access to digital payment mediums amongst ODOP merchants in tier 3-4 cities
and rural areas of India.
• One District One Product:
• Launched by: Ministry of Food Processing Industries
• Year: 2018

YesMagazine
• Objective: To help districts reach their full potential, foster economic and socio-cultural growth, and
create employment opportunities, especially, in rural areas.
• Aim: To turn every district in India, into an export hub through promotion of the product in which
the district specializes.
• This initiative is carried out with the ‘Districts as Exports Hub’ initiative by the Directorate General
of Foreign Trade (DGFT), Department of Commerce.
44. Short debt's share in total external debt down 2.1 percentage points: RBI
• The share of short-term debt with an original maturity of up to one year in total external debt
declined to 18.5% at end-March 2024 from 20.6 per cent at end-March 2023.
• The ratio of short-term debt to foreign exchange reserves declined to 19.0 per cent at end-March
2024.
• India’s external debt stood at $663.8 billion at the end of March 2024
• US dollar-denominated debt remained the largest component of India’s external debt, with a share
of 53.8 per cent at end-March 2024, followed by debt denominated in the Indian rupee (31.5 per
cent), yen (5.8 per cent), SDR (5.4 per cent), and euro (2.8 per cent).
• The long-term debt (with an original maturity of above one year) was $541.2 billion at the end of
March 2024, recording an increase of $45.6 billion over its level at end-March 2023.
45. Sebi forms 15-member working group to review derivative trading norms
• Aim: To review derivatives trading norms with an aim of enhancing investor protection and risk
management
• The 15-member panel will be headed by G Padmanabhan, former executive director of Reserve
Bank of India (RBI).
46. Five Public Sector Banks Expected to Launch QIPs in FY25
• Context: Five Public Sector Banks (PSBs) are planning qualified institutional placements (QIPs) in
the second half of FY25.
• Reason: To reduce the government’s stake to comply with the Securities and Exchange Board of
India’s (SEBI) mandate of a maximum 75% government holding
• Five PSBs: (1) UCO Bank, (2) Central Bank of India, (3) Punjab & Sind Bank, (4) Bank of Maharashtra,
and (5) Indian Overseas Bank
• The quantum of share sale is expected to be between 5% and 10% of the bank’s paid-up equity
capital initially.
• Qualified Institutional Placement:
• It is a method for a publicly traded firm to raise funds by issuing equity shares, fully and partially
convertible debentures, or other instruments.
• Important points:
• PSBs have sought a two-year extension from SEBI to achieve the 25% minimum public shareholding
requirement
• Similar to the extension granted to LIC to achieve 10% public shareholding by May 2027.
47. State Bank of India Plans to Expand Branch Network in 2024-25
• Plan: To expand branch network by 2024-25, expected to open 400 branches

YesMagazine
• Aim: To enhance customer service, particularly in emerging sectors like wealth management.
• SBI opened 137 branches in 2023-24, with a significant focus on rural areas.
48. Punjab & Sind Bank signs pact with Indian Army for salary account
• Name of A/c: PSB Gaurav Bachat SB Salary account
• Design: To cater to the distinct banking requirement of serving and retired personnels.
• Aim: To tap Agniveers enrolled in the Agnipath scheme, ensuring a comprehensive financial
solution that aligns with distinctive needs of the segment.
• Feature:
• Personal accident insurance (Death/Disability) cover up to Rs 1 crore and an air accidental cover of
Rs 1.2 crore.
• Similar benefits for the sacrifice of Veer Naari (spouse of martyr).
• Note:
• During the 117th Foundation Day of the bank celebrated on 24th June 2024, the lender has also
introduced PSB Pink debit card powered by RuPay for women with a host of benefits.
49. FY25 GDP growth may come close to 7.5%: NCAER's Monthly Economic Review
• Report tile: Monthly Economic Review
• Report by: National Council of Applied Economic Research (NCAER)
• Expectation: GDP growth during FY25 may turn out to be between 7%-7.5%
• Significance: Showing resilience amid growth dynamism in the Indian economy
• Note:
• The Reserve Bank of India (RBI) has raised its projections for India's
real GDP growth for FY25 to 7.2 per cent from 7 per cent.
50. Growth in remittances to India may halve in 2024: World Bank
• Report title: Migration and Development Brief
• Report By: World Bank
• Expectation: The growth in remittances to India is likely to halve in
2024 to 3.7 per cent from 7.5 per cent in 2023
• India received remittances worth $120 billion in 2023, supported by strong labour markets in the
United States and Europe.
• India remained the top recipient among remittance-recipient countries, followed by Mexico ($66
billion), China ($50 billion), the Philippines ($39 billion), and Pakistan ($27 billion).
• India also remained the largest origin countries of emigrants (18.7 million), followed by Ukraine
(11.9 million), China (11.1 million), Mexico (11 million), and República Bolivariana de Venezuela
(8.9 million).
51. PayU's LazyPay partners with Blinkit to offer customers with credit line

YesMagazine
• Partnership between: PayU's LazyPay and Blinkit

• Aim: To provide a one-tap checkout experience to the
platform’s customers.
• The latest partnership will provide the Zomato-led
quick commerce platform’s customers with a credit line,
at no additional cost to merchants.
• In 2017, PayU entered the consumer credit segment
with LazyPay.
52. SBI raises Rs 10,000 cr via 15-year infrastructure bonds at 7.36% coupon
• Bank: The State Bank of India (SBI)
• Raised amount: Rs 10,000 crore
• Via: 15-year infrastructure bonds
• Aim: To fund projects in sectors like power, roads etc.
• The coupon rate for bonds is 7.36%.
• The instrument is rated AAA with stable outlook.
• The current issue was oversubscribed by about four times the base issue size of Rs 5,000 crore.
• The government has introduced various initiatives to strengthen the economy, such as the National
Infrastructure Pipeline (NIP) with targeted investments of $1.4 trillion and the National
Monetisation Pipeline (NMP)
53. RBI Absorbs ₹44,430 Crore Through VRRR Auctions

• Context: Absorption of ₹44,430 crore surplus liquidity through VRRR auctions, despite readiness
to absorb ₹1-lakh crore
• Auction organized by: The Reserve Bank of India
• Signal: Ongoing surplus liquidity in the banking system
• In the first auction, banks deployed ₹32,576 crore out of the notified amount of ₹50,000 crore, at
a weighted average rate of 6.49 percent.
• The liquidity surplus in the banking system reached ₹98,920 crore, leading to a decline in
overnight money market rates.
• What is variable rate reverse repo (VRRR) auction?
• Monetary tool
• Used by central banks
• Aim: To manage liquidity within the banking system.
• Since January 2021, RBI has employed VRRR auctions, intensifying the frequency to 14 days in
August 2021.
• Significance: Liquidity Absorption, Long- term Solutions, and impact on banking products
54. RBI plans to raise bulk deposit limit to ₹3 crorefrom ₹2 crore

• Plan: To raise the bulk deposit limit to ₹3 crore from ₹2 crore
• Planned by: The Reserve Bank of India (RBI)

YesMagazine
• Banks: Scheduled commercial banks (excluding regional rural banks), small finance banks, and
local area banks
• Aim: To help banks’ garner more deposits to support loan growth
• Currently, ‘single Rupee term deposit of ₹2 crore and above’ are classified as bulk deposits by these
banks.
• Further, the central bank also plans to define the bulk deposit limit for Local Area Banks as ‘Single
Rupee term deposits of ₹1 crore and above’, as applicable in case of RRBs.
55. Moody's maintains stable outlooks on three Indian public sector banks
• Context: Moody's Ratings (Moody's) affirmed the Baa3 ratings on three Indian public sector banks
• Three banks: Bank of Baroda (BOB), Canara Bank, and Punjab National Bank (PNB)
• The rating agency maintained stable outlooks on the long-term ratings of all three banks.
• Moody's also believes that India's strong operating environment will continue to support their
credit fundamentals over the next 12-18 months.
• BOB's, Canara's and PNB's NPL ratios respectively declined to 2.9%, 4.2% and 5.7% as of 31 March
2024 from 3.8%, 5.4% and 8.7% a year earlier, supported by lower bad loans (or slippage) as well
as stronger recoveries and higher write-offs.
56. RBI maintains status quo, raises FY25 GDP growth forecast to 7.2%
• Prediction: India to grow at 7.2% in the FY25 (from 7 per cent estimated earlier)
• Forecasted by: The Reserve Bank of India (RBI)
• Monetary Policy (Highlights):
• Focus: Withdrawal of accommodative monetary policy stance to bring down inflation
• Repo rate unchanged at 6.5 per cent
• Note: Repo rate was last hiked in February 2023
• Assuming a normal monsoon
• The RBI retained CPI inflation projection for FY25 at 4.5 per cent:
• Q1 at 4.9 per cent
• Inflation forecast for FY25 retained at 4.5%
• Food inflation still remains a concern
• The current account deficit for FY25 expected to remain well within the sustainable level
• Foreign exchange reserves touched a fresh high of $651.5 billion as on May 31, 2024
• Export and import regulations under the Foreign Exchange Management Act (FEMA) to be
rationalized
• The next monetary policy announcement on August 8.
57. Retail inflation for industrial workers declines to 3.87% in April

• Data shared by: Ministry of Labour and Employment
• Consumer Price Index-Industrial Workers (CPI-IW) for February, March & April, 2024 released

YesMagazine
• Retail inflation for industrial workers eased to 3.87% in April compared to 4.2% in March 2024.
• Year-on-year inflation for April, 2024 stood at
• 3.87 per cent as compared to 5.09 per cent in April, 2023.
• The CPI-IW is used for fixing dearness allowance employees and dearness relief of pensioners by
the government.
58. RBI permits automatic replenishment of UPI Lite wallet

• Proposed: A facility to allow customers to automatically replenish their UPI Lite wallets
• Proposed by: The Reserve Bank of India (RBI)
• Aim: To promote small-value digital payments
• UPI Lite was introduced by the National Payments Corporation of India (NPCI) in September 2022.
• It allows users to load up to Rs 2,000 in their wallets and make payments of up to Rs 500 without
requiring a PIN.
• Auto-replenishment: If the balance falls below this threshold, the UPI Lite wallet automatically
replenishes itself by debiting the customer's account and loading the wallet with the set amount.
• No additional authentication: Since the funds remain with the customer,
additional authentication or pre-debit notifications are not required for auto-replenishment.
59. SEBI mandates KRAs to update KYC info on Central KYC Records Registry
• Mandate: KYC Registration Agencies (KRAs) to integrate their systems with the Central KYC
Records Registry (CKYCRR) and begin uploading verified KYC information of clients
• Starting August 1, 2024
• Mandate by: Securities and Exchange Board of India (Sebi)
• Aim: To streamline the Know Your Customer (KYC) process
• Previously, the responsibility of uploading KYC details onto CKYCRR fell on market intermediaries
such as stock brokers and alternative investment funds due to their account-opening relationships
with clients.
• What does this mean for people?
• Clients will no longer need to submit KYC documents multiple times to different financial
institutions, as their verified records will be available in the centralized CKYCRR system.
• What is CKYCRR?
• Single KYC system
• It can be used across various financial transactions, including banks, mutual funds, stocks,
insurance, and the National Pension System (NPS).
• Currently, insurance companies and pension fund companies are already using CKYCRR to verify
KYC details, paving the way for mutual fund distributors to utilize CKYC data from these sectors.
60. Reserve Bank of India to set up platform to curtail payment frauds

• Plan: To set up a Digital Payments Intelligence Platform to mitigate payment frauds and protect
customers from associated risks.
• Planned by: The Reserve Bank of India (RBI)
• Recently, the RBI also set up a committee to examine aspects of the digital public infrastructure for
the intelligence platform.

YesMagazine
• Headed by: AP Hota

• The proposal to create a digital payments intelligence platform comes as the number of payment
frauds have shot up.
• The number of frauds in the banking sector increased over four times in the past five years to
36,075.
• In terms of the number of frauds, these have predominantly been witnessed through digital
payments (card or internet).
• That number rose to 29,082 in FY24 as compared to 2,677 in FY20, data from RBI’s annual report
shows.
• The RBI has announced the inclusion of auto replenishment facility for fastag, National Common
Mobility Card (NCMC) under the e-mandate framework.
• The facility to automatically replenish balances in these instruments will be triggered when the
balance in Fastags and NCMCs wallet falls below a threshold amount set by the customer.
• The current e-mandate framework requires a pre-debit notification of at least 24 hours before the
actual debit from a customer’s account.
61. Arka Fincap Expands Financial Solutions with IRDAI License

• Arka Fincap Limited has obtained a Corporate Agency License from the IRDAI.
• It is a subsidiary of Kirloskar Oil Engines Limited.
• This license allows Arka to venture into insurance distribution, enhancing its existing financial
solutions portfolio to meet customer needs comprehensively.
62. European Central Bank cuts interest rates for the first time since 2019
• The European Central Bank cut its key interest rate by a quarter point.
• The ECB cut its benchmark rate to 3.75% from a record high of 4% at a meeting of the bank’s 26-
member rate-setting council in Frankfurt.
• Officials cut by a quarter-point their three key interest rates apply across all 20 countries that use
the euro.
62. SBI and Muthoot Microfin join forces to support women entrepreneurs
• Muthoot Microfin announced a strategic co-lending partnership with the State Bank of India.
• Aim: To extend its financial services to women in the economically weaker segment in rural and
semi-urban regions across India.
• Muthoot Microfin and SBI will co-lend to members of joint liability groups who are engaged in
agricultural and allied activities as well as other income-generating enterprises.
• The loan amounts will range from Rs 10,000 to Rs 3 lakh
63. RBI sets up panel to track online payment frauds

• The Reserve Bank of India (RBI) has set up a committee to help build a digital infrastructure
platform specialized to tackle the issue of frauds.
• The committee will also suggest means through which the platform will check frauds in the digital
payments ecosystem and suggest fraud mitigation measures.

YesMagazine
• The panel will be chaired by Abhaya Hota.

• He has played a key role in transforming India into a digital economy as the first chief executive
officer of National Payments Corporation of India (NPCI).
• Members of the panel would include representatives of NPCI, State Bank of India, HDFC Bank and
ICICI Bank.
• The platform will define the operational parameters and processes that will determine the extent
to which data will be provided by reporting entities like banks and fintechs.
• The committee will have to specify these parameters.
64. RBI penalties surge 88% in last 3 years

• The Reserve Bank of India (RBI) has increased the number of penalties imposed on financial
institutions by 88% over the past three years (from 2021 to January this year)
• Know Your Customer (KYC) and Anti-Money Laundering (AML) violations are being the most
common.
• The central bank has collected Rs 78.6 crore from these penalties over three years.
• KYC and AML regulations require companies to effectively allocate resources to detect potential
money laundering activities within their operations.
• Urban and rural co-operative banks have the highest number of KYC and AML violations, with urban
co-operative banks paying Rs 13.5 crore and rural co-operative banks paying Rs 20.13 crore from
2021 to January 2024.
• Recently, the RBI imposed a penalty of Rs 1 crore on ICICI Bank for non-compliance with norms
relating to loans, and a Rs 91 lakh fine on Yes Bank for violating norms relating to customer service
and unauthorised operation of internal/ office accounts.
65. SBI General Insurance withdraws Arogya Plus policy with effect from Oct 5
• Private general insurer, SBI General Insurance Company announced the withdrawal of its Arogya
Plus policy with effect from October 5, 2024.
• As per the regulatory requirement, insurance companies must give 90 days’ advance intimation to
their customers before withdrawing a policy.
• Policyholders holding the Arogya Plus policy will be given an option to migrate to a comprehensive
health insurance policy like Super Health Insurance.
• Arogya Plus provided coverage up to a specified sum insured at a flat premium.
• The flat premium was irrespective of the age of the insured and family combination.
• The policy was available on an individual basis, family non-floater, and family floater sum insured
basis.
• The policy had no limits on room rent or age-related charges.
66. Shah Rukh Khan's NGO, Meer Foundation, gets licence for foreign funding
• Shah Rukh Khan’s non-governmental organization (NGO), Meer Foundation, has been granted a
Foreign Contribution Registration Act (FCRA) license by the Ministry of Home Affairs (MHA).
• It is valid for five years.

YesMagazine
• It was officially granted the FCRA licence effective from May 31, 2024.
• Based in Mumbai, Meer Foundation, dedicated to supporting survivors of acid attacks.
• The FCRA licence empowers NGOs to solicit and utilize foreign funds for specific purposes, ranging
from cultural to social causes.
• Meer Foundation, listed as a ‘social’ NGO, can now receive foreign grants.
• Established by Shahrukh Khan in 2013, the foundation operates as a Section 25 company under the
Companies Act, registered as a not-for-profit entity.
• It holds charitable status under sections 12A (A) and 80G of the Income Tax Act of 1961.
67. SEBI plans to raise basic service demat limit five-fold

• Proposed plan: The regulatory body, SEBI has proposed to raise the basic service demat limit five-
fold to ₹10 lakh
• Earlier: ₹2 lakh
• Reason: To boost the participation of retail investors in the securities market.
• A basic service demat account (BSDA) is a more basic version of a regular demat account.
• The facility was introduced by Sebi in 2012 for reducing the burden of demat charges on investors
with small portfolios.
• At present, an individual can hold debt securities worth up to Rs 2 lakh and other than debt
securities worth up to Rs 2 lakh in a single demat account to be eligible for BSDA.
• Proposed to review the maximum annual maintenance charges (AMC) for BSDA:
• For portfolio values up to Rs 4: Annual maintenance charge for a BDSA should be nil
• For portfolio values of between over Rs 4 lakh and up to Rs 10 lakh, the charges should be Rs 100.
• Portfolio value exceeds Rs 10 lakh: Automatically be converted into a regular demat account.
• Electronic statements should be provided free of cost to such account holders
• Physical statements can be charged at Rs 25 per statement
69. SEBI Sets Up Committee To Review Ownership, Eco Structure Of Clearing Corporations
• Committee set up by: SEBI
• Reason: To review the ownership and economic structure of clearing corporations and suggest
measures to ensure that those entities function as resilient, independent, and neutral risk managers
• Headed by: Usha Thorat (Former Deputy Governor of the Reserve Bank of India (RBI))
• A 2018 report of the Committee on review of regulations and relevant circulars pertaining to Market
Infrastructure Institutions (MIIs), headed by R Gandhi (referred to as Gandhi Committee), had noted
that the ownership of MIIs should be dispersed and should be widely held.
• The Gandhi Committee had also noted that with the clearing corporations being sensitive and high
risk-bearing and risk managing entities, listing of clearing corporations should not be permitted.
• Subsequently, Sebi had laid down norms for the ownership and governance framework of clearing
corporations.
• It suggested that at-least 51 per cent of the paid-up equity share capital of a recognised clearing
corporation to be held by one or more stock exchanges.

YesMagazine
• Further, no person resident in India or outside India, other than stock exchanges, can hold more
than 5 per cent of the paid-up equity share capital and some other categories (depository, banking
company, insurance company, their foreign counterparts including foreign stock exchange) can
hold up to 15 per cent of the paid-up equity share capital.
70. SBI MF becomes first fund house to achieve Rs 10 trillion in AUM

• Context: SBI Mutual Fund (SBI MF) made history by becoming the first fund house in the country to
achieve the Rs 10 trillion milestone in assets under management (AUM)
• Reason of growth: Driven by the equity market rally and expanding MF investor base
• ICICI Prudential MF, HDFC MF, Nippon India MF, and Kotak MF complete the top five.
71. Peru Adopts India's UPI-Inspired Instant Payment System

• MoU signed between: Central bank of Peru and NPCI International Payments Limited (NIPL)
• Reason: To develop and launch UPI-like instant payments system.
• This is NIPL’s second partnership with a central bank to deploy the Unified Payments Interface
(UPI) stack in the international market.
• Earlier, the NIPL entered into an agreement with the Bank of Namibia (BoN) for developing an
instant payment system like UPI in the African nation.
• Note:
• NPCI announced the launch of the UPI-PayNow linkage that enables
Indians to receive remittances directly into their bank accounts from
Singapore and vice-versa.
• A partnership with e-commerce and proximity payments company
Lyra, to enable UPI acceptance in France.
• UPI services were rolled out in Sri Lanka and Mauritius.
72. State Bank of India Market Cap Crosses ₹8 Lakh Crore Milestone
• Context: State Bank of India (SBI) has become the seventh listed company in India to reach the mark
of 8 lakh crore rupees in market capitalisation.
• The shares of the State Bank of India hit a new high of Rs 899.55 on the BSE on 3 June 2024.
• SBI joins the ranks of Reliance Industries, Tata Consultancy Services, HDFC Bank, Bharti Airtel,
Infosys, and ICICI Bank in achieving this milestone.
73. Goldman Sachs Boosts India GDP Forecast to 6.9% for CY24
• Forecast by: Goldman Sachs
• India's GDP growth (Prediction): 6.9% for CY24
• Q1 (January-March 2024): 7.8%
• Note: For FY 2024-25, the GDP growth is projected at 6.8%.
• Reason: Primarily due to a strong performance in the manufacturing sector

YesMagazine
• Goldman Sachs Research anticipates the Central government will achieve the 2024-25 fiscal deficit
target of 5.1% of GDP.
• It will be supported by higher-than-budgeted dividends from the Reserve Bank of India (RBI).
• The consolidated fiscal deficit for 2023-24 was 5.6% of GDP (lower than the revised estimate of
5.8%) due to expenditure cuts and higher-than-expected receipts.
• Government Financial Management
• Overall expenditure was reduced by ₹50,000 crore compared to the Revised Estimate (RE), with
subsidy payouts cut by ₹30,000 crore.
• Receipts were higher than the RE by ₹20,000 crore.
• Driven by high non-tax revenues, including a substantial dividend from the RBI and public sector
undertakings.
• The RBI announced a dividend of ₹2.1 lakh crore to the Central government, significantly exceeding
the budget estimate of ₹1 lakh crore.
74. Ashok Leyland rolls out ‘Sarathi Suraksha’ policy
• Launch of: ‘Sarathi Suraksha’ policy

• Launched by: Ashok Leyland
• Aim: Comprehensive insurance policy for safeguarding
the driver community
• The “Sarathi Suraksha Policy” covers accidental death,
permanent disability, and partial disability up to INR 10
lakh per chassis.
• This policy also covers other things like children’s special
education bonuses and unintentional hospitalization.
• Beginning on June 1, 2024, all Intermediate Commercial
vehicles (ICV) and haulage trucks that are billed to clients are covered by this insurance policy at no
additional cost.
• Drivers that operate an Ashoka Leyland vehicle are covered by the Sarathi Suraksha Policy, which
is categorized as an Unnamed GPA (Group Personal Accident) Policy, offering their complete
protection.2
75. RBI imposes monetary penalty on two cooperative banks

• The Reserve Bank of India (RBI) imposed monetary penalties on two cooperative banks citing rule
violations.
• Banks: Bavla Nagarik Sahakari Bank in Gujarat and the Ron Taluka Primary Teachers Co-operative
Bank Ltd, Ron, in Karnataka.
• Ron Taluka bank:
• Fine: Rs 75,000
• Reason: Non-compliance with certain directions issued by RBI on ‘frauds monitoring and reporting
mechanism’ and ‘policy and practice regarding nominal membership’

YesMagazine
• Bavla Nagarik bank:

• Fine: Rs 3 lakhs
• Reason: For non-compliance with the directions issued by RBI on ‘loans and advances to directors,
relatives and firms/concerns in which they are interested’ and with ‘loans and advances to directors
etc. - directors as surety/guarantors – clarification’
76. DBS retains India GDP growth forecast at 7% for FY24-25

• Prediction by: DBS Bank (Singapore-headquartered)
• India’s economic growth Prediction:
• April -June 2024: 7%
• 2024-25: 7%
• Fiscal Deficit: 5.1% in FY25 and 4.5% in FY26
• Reserve Bank of India (RBI) announced divided: Rs 2.1 lakh crore
• Budgeted Fiscal Deficit: 5.1 per cent
• Goldman Sachs – 6.7% (FY24)
• UN – 6.9% (FY24), 6.6% (FY25)
• Moody’s – 6.6% (FY25)
• India Ratings – 7.1% (FY25)
• OECD – 6.6%(FY25), 6.6%(FY26)
• Fitch Rating –7% (FY25)
• SBI – 8% (FY25)
• World Bank – 6.6% (FY25), 6.5% (FY26)
• NCAER – over 7% (FY25)
• Deloitte – 6.6% (FY25)
• NIPFP – 7.1% (FY25)
• IMF – 6.8% (FY25), 6.5% (FY26)
77. Axis Bank, Bajaj Allianz forge strategic bancassurance partnership

• Partnership between: Axis Bank and Bajaj Allianz
• Type: Bancassurance
• Aim: To boost insurance penetration and financial inclusion in the country.
• Bancassurance is an insurance distribution model where companies partner with banks to sell
policies.
• Recently, Federal Bank and Tata AIA Life Insurance Announce Strategic Bancassurance Partnership
78. ₹2,000 banknotes in circulation declined to ₹7,755 cr as on May 31, 2024

• Context: The Reserve Bank of India informed that 97.82% of the ₹2,000 banknotes in circulation as
on May 19, 2023, have been returned till May 31, 2024.
• Only Rs 7,755 crore worth of the withdrawn notes are still with the public.
• The RBI announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May
19, 2023.

YesMagazine
• The Rs 2,000 banknotes were introduced in November 2016, following the demonetisation of the
then-prevailing Rs 1000 and Rs 500 banknotes.
150. Adani One launches two variants of co-branded credit cards with ICICI Bank
• Partnership Between: Adani One and ICICI Bank
• Card network: Visa
• Reason: To launch two variants of co-branded credit cards
• Available in two variants: (1) Adani One ICICI Bank Signature Credit Card and (2) Adani One ICICI
Bank Platinum Credit Card
• Cardholders can get up to 7% Adani reward points on spends within the Adani Group ecosystem.
151. All India Bank Employees' Association (AIBEA) has launched the "Bank Clinic"
• Launch of: Bank Clinic
• Launched by: All India Bank Employees' Association (AIBEA)
• Aim: To assist bank customers with grievance redressal amid the rapid expansion of technology and
Reserve Bank of India (RBI) guidelines on retail banking.
• It is a non-resolving advisory platform guiding customers on the remedies available per RBI
guidelines.
• It serves as an additional channel alongside the normal Banking Ombudsman process.
• How does it work?
• Under this initiative, customers can register their complaints on the Bank Clinic website.
• Within five working days, they will receive a reply detailing the available remedies and relevant RBI
guidelines for their specific issue
• The goal is to ensure timely and effective redressal of customer issues.
• It guides customers on available remedies but does not directly resolve queries.
152. Tata AIA Life launches Midcap Momentum Index Fund

• Launch of: Midcap Momentum Index Fund
• Launched by: Tata AIA Life
• Aim: To invest in high-growth mid-sized companies in India.
• It tracks a specific list of the top 50 such companies (based on their recent performance) within a
larger group of 150 mid-sized companies.
• The New Fund Offering (NFO) window will remain open until June 15 at a NAV of Rs 10 per unit.
• Fund Composition:
• 80%-100% in equity and equity-related instruments,
• 0%-20% in cash, and money market securities
• Fund Management Charges:
• This is the annual fee that the fund charges to manage your investment.
• Here, it's 1.20% of your total investment amount per year.
• Risk Profile:
• This indicates how volatile the investment is.

YesMagazine
• "High" risk means the fund's value has the potential to fluctuate significantly, with chances of high
returns but also high potential losses.
153. PNB partners with IIFCL to provide financing for infrastructure projects
• Partnership between: Punjab National Bank (PNB) and India Infrastructure Finance Company Ltd
• Aim: To offer long-term financial assistance to viable infrastructure projects.
154. Canara Bank to Dilute 14.50% Stake in Canara HSBC Life Insurance via IPO
• Dilute stake: 14.50% in Canara HSBC Life Insurance
• Which bank: Canara Bank
• Route: IPO (Initial Public Offering)
• Approval: Pending RBI and DFS (Department of Financial Services)
• Stake status (Currently): Canara Bank (51%), HSBC Insurance (Asia Pacific) (26%), and Punjab
National Bank (23%)
• Aim: Fund-raising program
• Important point:
• Canara Bank has also approved raising up Rs 8500 crore rupees in FY25
• ₹4,000 crore via additional tier-I (AT-1) bonds in FY25
• ₹4,500 crore via tier-II bonds in the current financial year.
• Aim: To strengthen its financial position and support its growth plans.
• About AT-1 Bonds:
• It is also called perpetual bonds.
• No maturity date but have a call option.
• The issuer may call or redeem the bonds if it is getting money at a cheaper rate, especially when
interest rates are falling.
• Banks issue these bonds to shore up their core capital base to meet the Basel-III norms.
• These bonds are also listed and traded on the exchanges.
• Investors cannot return these bonds to the issuing bank and get the money.
• Banks issuing AT-1 bonds can skip interest payouts for a particular year or even reduce the bonds’
face value.
• AT-1 bonds are regulated by the Reserve Bank of India (RBI).
155. Axis Bank and Mastercard Introduce NFC Soundbox

• Collab between: Axis Bank and Mastercard
• Launch: NFC Soundbox
• NFC refers to Near field communication.
• Aim: To enable users to accept various payment methods such as Bharat QR, UPI, Tap & Pay, and
Tap + Pin.
• Tap + Pin Capability: It is facilitating transactions exceeding Rs 5000 via card instruments.
• Equipped with 4G + Wifi capability.
• The Soundbox ensures superior connectivity for seamless transaction processing.

YesMagazine
• The device is compatible with all major payment networks including Visa, RuPay, and American
Express, enhancing accessibility and convenience.
156. Moody's Ratings Projects India's GDP to Grow by 6.5% in 2025

• Predicted by: Moody's
• Report title: Global Macro Outlook 2024-25
• India's growth rate
• 2025: 6.5%
• 2024: 6.8%
• Reason: Robust capital spending by the government and strong manufacturing activity
• India's real GDP grew 7.7% in 2023, up from 6.5% in 2022
• Interim Budget targets capital expenditure allocation of Rs 11.1 lakh
crore, or 3.4 per cent of GDP in 2024-25, 16.9 per cent above the 2023-
24 estimates.
• Prediction by other rating agency:
• Goldman Sachs – 6.7% (FY24)
• UN – 6.9% (FY24), 6.6% (FY25)
• Moody’s – 6.6% (FY25)
• India Ratings – 7.1% (FY25)
• OECD – 6.6%(FY25), 6.6%(FY26)
• Fitch Rating –7% (FY25)
• SBI – 8% (FY25)
• World Bank – 6.6% (FY25), 6.5% (FY26)
• NCAER – over 7% (FY25)
• Deloitte – 6.6% (FY25)
• NIPFP – 7.1% (FY25)
• IMF – 6.8% (FY25), 6.5% (FY26)
157. Bank credit grows 15.3% in April: RBI

• Data shared by: The Reserve Bank of India (RBI)
• Month: April 2024
• Led by an increase in advances to the agriculture sector
• On a year-on-year (y-o-y) basis, non-food bank credit grew 15.3% in April, compared to a growth of
16.2% a year ago.
• In absolute terms, bank non-food credit stood at Rs 159.55 lakh crore in April compared to Rs
138.38 lakh crore in April 2023.
• Loans to agriculture and allied activities accelerated to 19.7%
• Personal loans segment moderated to 17.4%
• (Primarily due to lower growth in vehicle loans).
• Credit to housing (17.7% compared to 13.9%).
• Bank credit to industry rose by 6.9% in April 2024

YesMagazine
• Credit to services sector grew 19.2%

• Credit growth to non-banking financial companies (NBFCs) and trade, however, decelerated in April
2024 by 14.6%.
158. UPI transactions clock new record in May at Rs 20.45 trillion

• Data by: National Payments Corporation of India (NPCI)
• Month: May 2024
• Unified Payment Interface (UPI) transactions clocked a new high in value by processing 14.04
billion transactions worth Rs 20.45 trillion.
• This was a 6% increase compared to 13.30 billion in April 2024 in terms of volume and 4% in value
terms against Rs 19.64 trillion in April 2024.
• The May figures were 49% up in volume and 39% up in value compared to the same month in 2023.
• The Immediate Payment Service (IMPS) transaction amount was marginally up by 1.45% in volume
to 558 million in May, as against 550 million in April.
• In value terms it was up by 2.36% to Rs 6.06 trillion in May, up from Rs 5.92 trillion in April.
• FASTag transactions in May increased by 6 per cent to 347 million compared to 328 million in April.
• Aadhaar Enabled Payment System (AePS) was down 4 per cent to 90 million compared to 95 million
in April.
159. India’s Core Sector Growth Rises 6.2% in April

• Data shared by: The government of India
• Month: April 2024
• India's core sector (Pivotal for industrial production) surged by 6.2% in April 2024
• April 2023 growth: 4.6%
• Led by robust performances in steel, electricity, and natural gas.
160. RBI approves CoE in Tamilnad Mercantile Bank as an interim arrangement

• Context: Appointment of a Committee of Executives (CoE) in Tamilnad Mercantile Bank as an
interim arrangement
• Aim: To oversee its operations and administration in the absence of a regular managing director.
• Approved by: The Reserve Bank of India (RBI)
• The interim arrangement will be in place till the new MD & CEO assumes charge or for a period of
three months from the date of relieving Krishnan, whichever is earlier.
• CoE comprises S Narayanan, D Ramesh, PR Ashok Kumar
161. GST Collection in May Grows Up By 10 Percent Year on Year to Rs 1.73 Lakh Crore
• The gross Goods and Services Tax (GST) revenue for the month of May 2024 stood at one lakh and
73 thousand crore rupees.
• 10 per cent year-on-year growth
• Central Goods and Services Tax is over 32 thousand crore rupees

YesMagazine
• State Goods and Services Tax is over 40 thousand crore rupees

• Integrated Goods and Services Tax is over 87 thousand and 781 crore rupees
• Cess is over 12 thousand crore rupees
162. RBI Releases Final Guidelines for Fintech SRO

• Context: Final guidelines for recognizing self-regulatory organizations (SRO) in the financial
technology sector.
• Released by: The Reserve Bank of India (RBI)
• Aim: To encourage entities to have a representative membership from the fintech sector
• The RBI has set out some important duties for the SRO.
• Including:
• Representing the fintech sector,
• Keeping data safe,
• Following development principles,
• Settling disputes,
• Making sure members follow the rules, and
• Staying separate from outside influences.
• In addition, the SRO is in charge of controlling risks that could hurt users, like fraud, mis-selling, and
transactions that aren’t supposed to happen.
• An SRO is a non-governmental organization that acts as a bridge between industry players and the
regulator.
• It also sets standards for the conduct of entities operating in the country.
163. Government Raises Retirement & Death Gratuity Limits to Rs 25 Lakh

• Context: Government has raised the retirement & death gratuity limits to Rs 25 Lakh
• Previous limit: Rs 20 Lakh
• Beneficiary: For Central government employees
• Effective from: January 1, 2024
• According to the rules of the 7th Pay Commission, when the Dearness Allowance reaches a 50%
ceiling, gratuity limits and other allowances are automatically revised.
• The recent increase in DA to 50% had led to expectations of automatic gratuity revisions.
• Gratuity:
• It is a defined benefit plan provided by employers to employees who have served continuously for
five years or more.
• Governed by the Payment of Gratuity Act, 1972.
164. RBI’s greenfield next generation data centre to commence operations in FY25
• Context: Commencement of a project to construct a new state-of-the-art greenfield next-generation
data centre.
• Started by: The Reserve Bank of India (RBI)

YesMagazine
• Aim: To address capacity expansion constraints, meet the increasing IT landscape needs, and avoid
region-specific risks.
• It will envisage to cater to the internal needs of RBI and its subsidiaries.
• The data centre will commence operations in FY25.
• RBI is also working on upgrading the Indian Financial Network (INFINET 3.0)
• The platform is a closed user group (CUG) network for exclusive use of member banks and financial
institutions.
• It runs the critical payment system applications such as RTGS, NEFT and e-Kuber.
• It is proposed to be built with the latest software-defined wide area network (SD-WAN) technology.
165. RBI, NPCI to start work on expanding UPI to 20 countries by FY29

• Collab between: The Reserve Bank of India (RBI) and NPCI International Payments (NIPL)
• Reason: To expand its Unified Payments Interface (UPI) to 20 countries
• Target Year: FY29
• Work started in: FY25
• The central bank will also explore multilateral linkages and opportunities for collaboration of fast
payment system with EU and SAARC
• Note:
o The central bank authorized 22 online payment aggregators (PAs), two non-bank Prepaid
Payment Instrument (PPI) issuers and one Trade Receivables Discounting System (TReDS)
platform operator in FY24.
o It also approved one bank for PPI issuance, two banks for operating as Bharat Bill Payment
Operating Units (BBPOUs), and 52 banks for providing mobile banking facility to their
customers.
166. Capital Small Finance Bank, ICICI Lombard enter into bancassurance tie-up
• Tie up between: Capital Small Finance Bank and ICICI Lombard
• Agreement type: Bancassurance
• Reason: Offering a wide range of insurance products to customers in Northern India
• Bancassurance:
• It is an insurance distribution model where insurance companies partner with banks to sell policies.
• Both the bank and insurance companies get to benefit from this arrangement.
• While the bank earns a commission from the insurance company, the insurer gains from the
distribution network of the bank.
167. Monetary penalties imposed by RBI on regulated entities was ₹86.11 cr in FY24
• The monetary penalties imposed on regulated entities (REs) more than doubled to ₹86.11 crore in
FY24.
• Penalty reason: Contraventions/non-compliance with provisions of statutes and certain directions
issued by the Reserve Bank from time to time.

YesMagazine
• Monetary penalties aggregating in FY23: ₹40.39 crore

• In FY24, the central bank imposed monetary penalties on 281 REs (public sector banks, private
sector banks, foreign banks, payments banks, small finance banks, regional rural banks, co-
operative banks, NBFCs, CICs and HFCs) against 211 in FY23.
168. RBI imposes monetary penalty on SBM Bank (India)

• Penalty imposed on: SBM Bank (India)
• Imposed by: The Reserve Bank of India (RBI)
• Amount: Rs 88.70 lakh
• Reason: For non-compliance with licensing conditions imposed by the
RBI, and specific directions to stop undertaking Liberalized Remittance
Scheme (LRS) transactions with immediate effect.
169. India's forex reserves drop by $2 bn to $646.67 bn

• India's Foreign Exchange Reserves (May 24, 2024): $646.67 billion
• India's Foreign Exchange Reserves (May 17, 2024): $648.7 billion
• Foreign currency assets (FCAs) decreased by $ 1.51 billion to $567.5 billion.
• Gold reserves contracted by $482 million to $56.71 billion,
• SDRs were down by $33 million to $18.12 billion.
• Reserve in the IMF dipped by $1 million to $4.33 billion.
170. RBI moves 1 lakh kg of gold from UK back to India
• Data by: The Reserve Bank of Inda (RBI)
• The RBI has added around 100 tonnes or 1 lakh kilograms of gold from the United Kingdom to its
vaults in India
• This is the most since early 1991 and the central bank intends to move more in the coming months.
• Domestically, gold is stored in vaults located in the RBI’s old office building on Mumbai’s Mint Road
and in Nagpur.
• The RBI held 822.1 tonnes of gold, with 413.8 tonnes stored overseas as of March 2024.
• The RBI is among the central banks that have purchased gold in recent years, having added 27.5
tonnes in the last financial year.
171. India's fiscal deficit improves to 5.6% of GDP in FY24
• Data shared by: Comptroller General of Accounts
• Fiscal deficit (FY24): 5.6%
• Status: Improved
• But, it is below the revised estimate of 5.8%.
• India's fiscal deficit stood at Rs 16.54 lakh crore in FY24 as against the budgetary target of Rs 17.86
lakh crore.
• The fiscal gap has reached 95.3% of the budgetary target
• Net tax receipts: 23.27 lakh crore

YesMagazine
• Total expenditure: Rs 44.43 lakh crore

• The government's capital spending on infrastructure projects was Rs 9.49 lakh crore.
172. World Unemployment to Fall Slightly in 2024
• Data by: International Labour Organization (ILO)
• The rate of unemployment around the world will settle at 4.9% in 2024.
• This increase is a big change from earlier predictions, which called for a rise to 5.2%
• The report highlights that 183 million people are considered unemployed, while the number of
those without a job but wanting to work stands at 402 million.
• The ILO sees a slightly better future for jobs around the world, though rates are still expected to
stay the same at 4.9% until 2025.
173. India's GDP growth rate jumps to 7.8% in Q4; FY24 growth at 8.2%
• Data by: National Statistical Office (NSO) of Ministry of Statistics and Programme Implementation
(MoSPI)
• India’s Gross Domestic Product (GDP) growth rate in the quarter ending March 31, 2024 grew by
7.8 per cent.
• GDP growth provisionally stands at 8.2% for the full financial year 2023-24 (FY24), as compared to
the growth rate of 7% in FY23.
• Earlier, government estimates had placed GDP growth for FY24 at 7.6 per cent.
• These figures surpass the Reserve Bank of India’s (RBI) estimate of 7 per cent.
• Real Gross Value Added (GVA) has been estimated to grow by 6.3 per cent in Q4FY24.
Economy
1. India may sustain 6.5-7% GDP growth between FY26 & FY30: UBS
• Prediction: India is expected to sustain a potential growth rate of 6.5 per cent -7 per cent year-on-
year (Y-o-Y) between 2025-26 and 2029-30
• Predicted by: The UBS Securities
• FY25:
o India is expected to grow at 7%.
o Reason: Post-pandemic recovery in the capital
expenditure (capex) cycle
o Driven by: The government spending and strong
residential real estate demand will continue
• Household consumption growth is projected to rise to 5 per
cent Y-o-Y in FY25
• Driven by: Premium and rural segments, though urban mass-market demand will remain modest.

YesMagazine
2. Finance Ministry Caps Arbitration Value at ₹10 Crore

• Context: The Finance Ministry has set a cap of ₹10 crore for
arbitration cases.
• Reason: To streamline dispute resolution involving
government or public sector enterprises (PSEs).
• Aim: To mitigate the perceived challenges of lengthy
proceedings and potential misconduct among arbitrators.
• The Ministry also advises against automatically including
arbitration clauses in large government contracts, emphasizing mediation and judicial adjudication
as viable alternatives.
35. India’s wholesale inflation rises to 15-month high of 2.61% in May

• Wholesale price inflation (WPI)
• May 2024: 2.61 per cent
• April 2024: 1.26 per cent
• Reflection: Third consecutive increase in 2024
• This is the highest wholesale inflation India witnessed since February 2023.
• The base year of All-India WPI has been revised from 2004-05 to 2011-12 in 2017.
3. Net FDI in India improves to $4 billion in April

• Net FDI in India:
o April 2024: $4 billion
o April 2023: $2.82 billion
• Reason: Primarily due to moderation in the repatriation of capital
• Direct investment
• Outward FDI from India:
o April 2024: $932 million
• Scale of capital repatriation/divestment declined to $2.38 billion in April 2024.
• Gross inward foreign direct investment (FDI) remained strong at $7.3 billion in April 2024
• Major source countries included Singapore, Mauritius, Cyprus, the US, and the Netherlands,
contributing more than 80 per cent of the flows.
4. Gross Direct Tax Collections for FY 2024-25 Surge By 22.19%
• Data by: Ministry of Finance

YesMagazine
• Gross Direct Tax collections till 17th June 2024 registered a growth of 22.19% (over 5.15 lakh crore
rupees)
• Net tax collection witnessed a growth of around 21% (over 4.62 lakh crore rupees).
• Advance Tax collection: Growth of 27.34 percent (over 1.48 lakh crore rupees)
• Refunds: 53,322 crore rupees
5. Fitch Ratings Increases India’s Growth Forecast for Current Fiscal Year To 7.2%
• Credit agency: Fitch Ratings
• Report title: Global Economic Outlook report
• 2India's GDP growth (2024-25):
• Current expectation: 7.2%
• Previous expectation: 7%
• Reason: Recovery in consumer spending and increased investment
• World's GDP growth forecast: 2.6% (earlier: 2.4%)
• Domestic demand in emerging markets, excluding China, shows stronger momentum.
6. Govt's gross liabilities up 3.4% at Rs 172 trillion by March

• Data by: Ministry of Finance
• Report title: The public debt management quarterly report (January-March, 2024)
• Total gross liabilities of the government increased to Rs 171.78 trillion at the end of March 2024
from Rs 166.14 trillion at December-end.
• This represented a quarter-on-quarter increase of 3.4 per cent in the fourth quarter of 2023-24.
• Public debt accounted for 90.2 per cent of total gross liabilities during the quarter.
• On the other hand, US treasury yields remained volatile during the quarter mostly affected by
Federal Reserve action, inflation, and employment data.
• US 10-year yields touched a high of 4.33% during the quarter.
• The weighted average yield softened to 7.19% in Q4 2023-24 relative to 7.37% in Q3 2023-24 on
new issuance.
7. Govt keeps small savings schemes' interest rates unchanged for Q2FY25
• The government left the interest rates on various small savings schemes unchanged
• For the quarter beginning July 1, 2024, and ending on September 30, 2024
• Sukanya Samriddhi scheme will attract an interest rate of 8.2 per cent, while the rate on a three-
year term deposit remains at 7.1 per cent.
• interest rates for popular PPF and post office savings deposits scheme too have been retained at 7.1
per cent and 4 per cent, respectively.
• The interest rate on the Kisan Vikas Patra will be 7.5 per cent, and the investments will mature in
115 months.

YesMagazine
• The interest rate on the National Savings Certificate (NSC) will remain at 7.7 per cent for the July-
September 2024 period.
• The Monthly Income Scheme will earn 7.4 per cent for investors.
Insurance
1. IRDAI asks insurers to deploy Cashless health claim settlement by July 31
• Directive: Insurance companies will have to go for cashless settlement of health insurance claims
from August 1, 2024.
• Organization: Insurance Regulatory and Development Authority
of India (IRDAI)
• Necessary systems and procedures should be put in place by the
insurer immediately and not later than July 31, 2024.
• Initiative:
• Dedicated Help Desks in physical mode at the hospital to deal and
assist with the cashless requests.
• To achieve 100 per cent cashless claim settlement in a time bound
manner
• Insurer should grant final authorization within three hours of the
receipt of discharge authorization request from the hospital.
• If delay beyond three hour:
• The additional amount if any charged by the hospital should be borne by the insurer from
shareholder’s fund
2. Key changes to motor insurance rules: IRDAI

• Context: The Insurance Regulatory and Development Authority of India (IRDAI) has issued a
comprehensive master circular introducing several customer-centric changes.
• These changes are set to benefit general insurance customers, particularly motor insurance
policyholders.
• Key Changes:
• No motor insurance claim can be rejected due to 'want of documents'.

YesMagazine
• Auto insurance claim settlement timeline:

IRDAI asks insurers to settle claims within 7
days of survey reports
• Pay as you drive option to be one of the first
choices while buying policies
• The insurer can cancel the policy only on the
grounds of established fraud, by giving
minimum notice of 7 days to the retail
policyholder.
3. Loan facility mandatory for life insurance policies: IRDAI

• Regulatory body: The Insurance Regulatory and Development Authority of India (Irdai)
• Announcement: All life insurance savings products must now include a policy loan option
• Reason: To help policyholders meet their liquidity requirements
Key Points:
• Extended free look period:
• It allows policyholders to review the terms and conditions of their policy.
• It has been extended from 15 days to 30 days.
• Partial withdrawals for pension products
• Aim: To meet specific financial needs for significant life events, such as:
o Higher education or marriage of children
o Purchase or construction of a residential house/flat
o Medical expenses and treatment of critical illnesses
• Reasonable surrender values
• It will ensure that the process is fair and provides value for money for both surrendering and
continuing policyholders.
• Grievance Redressal Systems
• If an insurer does not appeal against the award of the insurance ombudsman and fails to implement
it within 30 days, they will incur a penalty of Rs 5,000 per day payable to the complainant.
• Insurance companies must implement mechanisms to improve policy persistency, curb mis-selling,
and avoid financial losses to policyholders.
4. IRDAI bars unit-linked policies from being advertised as investment product
• The insurance regulator issued a ‘master circular’ outlining guidelines that aim to empower
policyholders.
• The Insurance Regulatory and Development Authority (IRDAI) barred insurers from advertising
unit-linked and/or index-linked products as ‘investment products’.
• It asked insurers to form an advertisement committee, approved by their boards, or appoint a senior
officer from the distribution channels to review and approve advertisements, ensuring they are
truthful and not misleading.
• Master circulation said there shall be no advertisements:
• On services not related to insurance

YesMagazine
• On comparison of rates/ discounts to erstwhile tariff, in case of a general insurance product

• Highlighting the potential benefits of an insurance product without a
fair indication of associated risks, if any
• Disclosing benefits partially without corresponding limitations/
conditions/ implications, Exaggerating the benefits of the product,
• Denigrating the reputation of a competitor or the industry.
5. WebEngage, InfoAxon partner with Reliance General Insurance

• Partnership between: WebEngage, InfoAxon, and Reliance General Insurance (RGI)
• Reason: To offer a seamless omnichannel experience for its customers
• Aim: To equip RGI with digital tools elevate its customer engagement strategies and help it offer
hyper-personalised customer experiences
6. Star Health deploys AI face tool to assist in health assessment

• New AI-driven tool: Star Health Face Scan
• Deployed by: Star Health and Allied Insurance Company Limited
• Claim: It will remotely gauge 18 parameters such as blood pressure, pulse rate, heart rate,
haemoglobin levels and stress levels.
• MD & CEO of Star Health and Allied Insurance: Anand Roy
7. Muthoot Microfin secures corporate agent license from IRDAI
• Corporate Agent License received by: Muthoot Microfin

• Given by: IRDAI
• Enable: To offer tailored insurance plans to its customer base.
8. Royal Sundaram General Insurance integrates with IRCTC

• Royal Sundaram General Insurance (RSGI) has integrated with the Indian Railway Catering and
Tourism Corporation (IRCTC)
• Reason: To enable embedded Group Personal Accident (GPA) policies to be offered alongside e-
ticket purchases through INSILLION’s API platform.
• Target: To issue 500k policies per day
• To meet the stringent requirements of a highly scalable solution, RSGI partnered with INSILLION to
rapidly launch an embedded insurance offering leveraging their API platform and cloud
architecture.

YesMagazine
9. Universal Sompo launches ‘insure today for a safe tomorrow’ campaign

• Name of Campaign: Insure today for a safe tomorrow
• Launched by: Universal Sompo General Insurance
• Aim: To raise awareness about the importance of insurance in safeguarding against unforeseen
risks.
• Universal Sompo offers motor, health, personal accident, fire, and burglary insurance.
• It is dedicated to ensuring comprehensive protection for individuals, assets, and businesses alike.
• As part of an initiative called ‘Insurance for All by 2047,’ Universal Sompo collaborated with Maruti
Suzuki Insurance Broking to spread insurance awareness in Andhra Pradesh.
• Under the theme ‘Insure today for a safe tomorrow,’ a free vehicle checkup was provided at Krishna
district in Andhra Pradesh.
• Universal Sompo:
• Headquartered in Mumbai
• It is a Joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and
Sompo Japan Insurance Inc.
States
1. Tamil Nadu govt waives Rs 6,000 crore cooperative bank gold loans
• Context: Waiving Rs 6,000 crore cooperative bank loans on gold upto five sovereigns or less
• By: State government (Tamil Nadu)
• Note: Gold loans taken from cooperative banks till March 31, 2021, would be waived.
2. IIT-Kanpur launches ‘UDAAN’ to boost drone startups in India

• Launch of: UDAAN (UAV/UAS/Drone Acceleration and Networking)
• Launched by: IIT Kanpur
• Joint initiative of: UP govt and the Drone Federation of India
(DFI)
• Aim: To boost drone startups in India
• The UDAAN programme will select 20 startups annually,
divided into two cohorts, for an intensive acceleration
journey.
• These startups will be incubated at SIIC, IIT Kanpur

YesMagazine
• Gain access to cutting-edge R&D facilities, technical mentorship, financing opportunities, and
invaluable industry relationships.
3. Haryana Government’s Initiative for NRIs: Redressal and Investment Cells
• State government: Haryana
• Establishment of two specialized cells
• Aim: To streamline grievance resolution and investment processes for NRIs.
• These cells were announced by Chief Minister Manohar Lal Khattar during the Pravasi Haryana
Divas 2017.
3. GAIL to Set Up India’s Largest Ethane Cracker Project with Rs 60,000
Crore Investment in MP
• GAIL (India) plans to establish a 1500 KTA Ethane Cracker Project in
Sehore, Madhya Pradesh.
• Estimated capex of Rs 60,000 crore
• Aim: To produce a range of ethylene derivatives, bolstering the
petrochemical infrastructure in the region.
• The project will be situated in Ashta, District Sehore, spanning
approximately 800 hectares.
4. World Bank Supports Chennai’s Sustainable Waste Management Goals
• The Greater Chennai Corporation (GCC), with help from the World Bank, wants to improve the way
it handles trash so that it can set up a system that will last until 2026 or 2027.
• These attempts are mostly about stopping people from throwing trash at Kodungaiyur, which is a
big dump in the city.
• It is planned that the World Bank will improve the city’s solid waste management methods over the
next 20 years, not just in Chennai but all over the state.
5. Rajasthan Govt to invest Rs 100 Cr in Maharana Pratap Tourist Circuit
• Bhajan Lal Sharma, the Chief Minister of Rajasthan, has announced an ambitious plan to develop the
Maharana Pratap Tourist Circuit with an investment of Rs 100 crore.
• This announcement was made during the inauguration of the Maharana Pratap Jayanti celebration
in Udaipur, where the 484th birthday of the legendary Maharana Pratap of Mewar was celebrated.
• The Maharana Pratap Tourist Circuit aims to preserve the rich historical and cultural heritage of the
region by developing places associated with the life of Maharana Pratap of Mewar. These include:
o Udaipur
o Chawand
o Haldighati (site of the famous battle)
o Gogunda
o Kumbhalgarh
o Dewar
o Chhapli
o Chittorgarh

YesMagazine
• The Mewar Complex Circuit was launched by the Rajasthan Government in 2005 with financial
assistance from the central government.
6. Kerala introduces gender-neutral textbooks
• Initiative: 'Teach them early'
• Launched by: Kerala government
• Aim: To introduce gender-neutral representation in school textbooks.
• The objective of their initiative is to inculcate the message of gender neutrality in the young minds
of the children.
7. Chief Minister Stalin Launches Soil Health Scheme in Tamil Nadu
• Budget of: ₹206 crore
• Aim: To improve the health and fertility of the soil across the area.
• A key part of the plan is to keep the land fertile by using green manure methods.
• A start-up fund of ₹20 crore has been set aside just for this.
• The project plans to spread green manure seeds over about 200,000 acres starting in 2024–25.
• This will directly help over 200,000 farmers.
8. Uttarakhand’s Joshimath is now Jyotirmath Again
• The mythological city of Joshimath in Uttarakhand has been officially renamed as Jyotirmath.
• Jyotirmath (also known as Jyotir Peeth) is one of the four cardinal mathas (monasteries) that 8th-
century philosopher Adi Shankaracharya is believed to have established across India to promote
the Advaita Vedanta philosophy.
• It is believed that when Adi Shankaracharya or Adiguru came here, he performed penance under a
tree known as the Amar Kalpavriksha.
9. Artificial Islands Forming at Pudukottai’s Kavinadu Kanmoi
• Formation of Artificial Islands
• Location: Kavinadu Kanmoi, Pudukottai district, Tamil Nadu.
• It is being run by the Pudukottai district government and the Kadamadai Area Integrated Farmers
Association (KAIFA).
• The main goal of this project is to make artificial islands inside the tank.
• The project plans call for building 10 man-made islands.
• The cleaned silt will be used to make these islands, which will be about 10 feet above the tank bed.
• By planting fruit-bearing and native trees on these new buildings, the main goal of these islands is
to protect local biodiversity, especially bird species.
10. Assam Launches Scheme to Boost Girls’ Education, Curb Child Marriage
• Name of scheme: Mukhya Mantri Nijut Moina (MMNM)
• Aim: To give female students more power
• The Assam government has allocated Rs. 1,500 crore over five years for the MMNM scheme, with
an initial budget of Rs. 300 crore for the first year.
• Higher Secondary Education: Girl students receive Rs. 1,000 per month.
• Graduation Courses: A monthly incentive of Rs. 1,200 for three-year or four-year degree courses is
provided.

YesMagazine
• Post-graduation and B.Ed: Students in these programs are eligible for Rs. 2,500 per month.
• The scheme targets around 10 lakh girl students, excluding: –
• Daughters of ministers and MLAs.
• Students from private institutions (with certain exceptions).
• Those with poor attendance or involvement in activities such as ragging.
11. Assam to set up new IIM Kamrup after Centre's nod
• The central government has approved Assam’s proposal to establish a new Indian Institute of
Management (IIM) in Kamrup district.
• IIM Ahmedabad has been tasked with developing a detailed project report in consultation with
relevant authorities
12. Peacock royal butterfly spotted in Pench Tiger Reserve
• The Pench Tiger Reserve in Maharashtra recently documented the first photographic record of the
‘peacock royal’, also called the Tajuria cippus
• A lycaenid butterfly widely distributed across Asia
• Four to five specimens of the Tajuria cippus were sighted on a ficus species tree at Mama Tower,
located at an elevation of 438 metres above sea level in Pench Tiger Reserve (PTR).
• The presence of multiple specimens indicates Pench Tiger Reserve might support a stable
population of Tajuria cippu
• As per officials, the habitat of Tajuria cippus in India is diverse and widespread and it is found in
Greater Mumbai, West Bengal, Karnataka, Kerala and Tamil Nadu.
13. Kerala Introduces Artificial Intelligence Learning in School Textbooks
• Kerala has introduced Artificial Intelligence (AI) learning in the Information & Communication
Technology (ICT) textbook for Class 7 students.
• This initiative aims to familiarize students with AI in the upcoming academic year
• This is marking a significant step towards enhancing technological education in the state.
• New ICT textbooks for Classes 1, 3, 5, and 7 will be made available in Malayalam, English, Tamil, and
Kannada, ensuring accessibility to students across different linguistic backgrounds.
• The curriculum framework places emphasis on developing critical thinking, analytical skills,
problem-solving abilities, logical thinking, and programming skills.
14. Hyderabad no longer joint capital of Andhra Pradesh, Telangana
• Hyderabad ceased to be the common capital of Telangana and Andhra Pradesh from June 2, 2024,
as per the Andhra Pradesh Reorganisation Act, 2014.
• Hyderabad will be the capital city of Telangana only.
• Hyderabad was made the capital city of the two states for 10 years when the bifurcation of
undivided Andhra Pradesh was carried out in 2014.
• Telangana came into existence on June 2, 2014.
15. UP govt to turn Ranipur Tiger Reserve into eco-tourism hub

• Context: Turning Ranipur Tiger Reserve into eco-tourism hub
• The plan includes allocating an estimated Rs 38 lakh for upgrading tourist facilities within the
reserve and enhancing infrastructure in the surrounding buffer zone.

YesMagazine
• To facilitate these efforts, directives have been issued by the office of the Deputy Director of the
Ranipur Tiger Reserve/Divisional Officer in Chitrakoot.
• Spanning over a 230 sq km area, Ranipur Tiger Reserve is the fourth tiger reserve in Uttar Pradesh
and the 53rd nationwide.
• Situated 150 km from Madhya Pradesh's Panna Tiger Reserve, it serves as a haven for tigers and a
diverse array of wildlife, including leopards, bears, sambar deer, and chinkara.
16. Gujarat bags award for highest wind power installed capacity
• Gujarat bagged the “1st Rank” award for highest wind power installed capacity at a ceremony held
in New Delhi under the aegis of Ministry of New and Renewable Energy (MNRE), Government of
India.
• Gujarat has become the number one state with an installed wind power capacity of 11,823 MW as
of May 2024.
17. Madhya Pradesh CM Inaugurates PM Shri Tourism Air Service from Bhopal
• Launched from: Raja Bhoj International Airport, Bhopal.
• The first flight was flagged off from the capital Bhopal to Jabalpur.
• The service operated by the Madhya Pradesh Tourism Board (MPTB) with two aircraft will connect
eight cities across the State- Bhopal, Indore, Jabalpur, Gwalior, Khajuraho, Ujjain, Rewa, and
Singrauli.
18. Punjab Police Launch ‘Mission Nishchay’
• Punjab Police in association with the Border Security Force (BSF) and Village Defence Committees
(VDCs)
• Aim: To carry out a one-week drive against drugs in Fazilka district.
• They will reach out to residents of as many as 42 villages along the India-Pakistan border to gather
actionable intelligence about the demand and supply of drugs.
• Fazilka police had last month arrested seven persons, including two brothers, and seized around
5.5 kg of heroin being smuggled into India from across the border, six mobile phones and Rs 1.07
lakh drug money, and impounded a car and three motorcycles.
19. KSRTC distributes ₹1 crore accident insurance relief to employees’ dependents
• Karnataka has become the first state in the country to announce Rs 1 crore in insurance
compensation for employees who die in road accidents.
• Additionally, under the Family Welfare Scheme, ₹10 lakh each has been provided to the dependents
of 23 employees who passed away due to various illnesses, totaling 39
families supported so far.
• Furthermore, ₹10 lakh each has been given to the dependents of four
passengers who lost their lives in accidents involving KSRTC vehicles
20. Assam secretariat becomes India's first eco-friendly state govt

headquarters

YesMagazine
• The Assam Secretariat became the country's first green state government headquarters with the
inauguration of a 2.5 MW solar power project on its campus.
• Installed at a cost of Rs 12.5 crore
• The grid-connected rooftop solar power plant will save Rs 30 lakh in electricity bills every month.
21. IFC commits USD 105 mln financing for Brookfield's solar project in Bikaner
• The International Finance Corporation (IFC) has agreed to invest $105 million in the non-
convertible debentures of Brookfield's Bikaner Solar Power project in Rajasthan.
• IFC is a company of the World Bank Group which provides finance to the private sector companies.
• Brookfield Global Transition Fund (BGTF) is building a 550 MW solar power project in Bikaner in
two phases.
• The Brookfiled commissioned the first phase of the Bikaner solar power project 268 MW in March
2024.
• In the second phase the capacity of the solar power project is 282 MW taking the combined power
generation capacity to 550 MW.
• The estimated cost of the second phase is estimated to be USD 317 million.
22. New Snake Eel Species Discovered in Odisha
• Discovery of: New Snake Eel Species
• Location: Gopalpur regional center, Odisha
• The official name for the new species of snake eel is “Ophichthus Suryai.”
• The name of this species comes from Surya Kumar Mohanty, who used to be a joint head of the
state’s fishery department.
23. M.P Finalizes Preparations for Second Cheetah Habitat at Gandhi Sagar Sanctuary
• The Madhya Pradesh government has completed preparations for its ambitious cheetah
reintroduction project at Gandhi Sagar Wildlife Sanctuary.
• This is slated to be the second home for cheetahs in India after Kuno National Park.
• Cheetals (spotted deers) have been reintroduced from Kanha and other places to increase their
population in the region.
• 50 gaurs (Indian bisons) have also been successfully reintroduced from Kanha and Satpura Tiger
Reserve to the Sanjay Tiger Reserve (in Sidhi district).
24. Karnataka Governor Inaugurates National Yoga Olympiad 2024 in Mysuru
• Governor Thaawarchand Gehlot of Karnataka inaugurated the National Yoga Olympiad 2024 in
Mysuru
• It emphasizing yoga’s integral role in Indian culture and its global significance.
• More than 400 students and 100 teachers from across the country are participating in this inaugural
three-day event.
• The theme for this year’s Olympiad is ‘Yoga for Self and Society’
• Karnataka Overview
o Chief Minister: Basavaraj Bommai
o Governor: Thaawarchand Gehlot
o Capital: Bengaluru

YesMagazine
o Dance Forms: Yakshagana, Dollu Kunitha, Bharatanatyam, Kuchipudi

o Tourist Attractions: Hampi (UNESCO World Heritage site), Mysore Palace, Coorg, Jog Falls,
Gokarna Beaches
o Language: Kannada (official), with significant populations speaking Telugu, Tamil, and Urdu
25. Pench Tiger Reserve Launches First AI Fire Detection System
o The Pench Tiger Reserve in Maharashtra has recently added a new Artificial Intelligence (AI) system
that is meant to find forest fires early.
o This important technological development was made public.
o A cutting-edge PTZ (pan-tilt-zoom) camera is placed on a tower on one of the reserve’s highest hills,
about 540 meters above sea level, close to the village of Kirringisarra.
o With a field of view of 15 kilometers, this camera can successfully watch over more than 350 square
kilometers of forest.
o The system also has a control room in the West Pench range office in Kolitmara and uses
information from fifteen commercial satellite service
26. Assam Witness Protection Scheme 2024 launched
o The Assam Cabinet started the Assam Witness Protection Scheme, 2024
o Reason: Witnesses in court cases are being threatened more and more.
o This action is in line with Section 398 of the Bharatiya Nagarik Suraksha Sanhita, 2023, and is meant
to make evidence in court cases safer and more trusting.
o The plan lets witnesses ask for safety through a Competent Authority that is set up in each district.
o There is a District and Sessions Judge in charge of this authority, as well as the Head of Prosecution,
an officer chosen by the District Magistrate, and the District Police Head.
27. YEIDA and Bebu Project LLP Sign Agreement to Develop a Film City in Greater Noida
o In Uttar Pradesh, the state government signed an agreement to develop a film city in Greater Noida.
o The agreement was signed between the Yamuna Expressway Industrial Development Authority
(YEIDA) and Bebu Project LLP, a company owned by notable film producer Bonnie Kapoor and
Ashish Bhootani.
o This ambitious project, with an estimated cost of 1,510 crore rupees, is planned to be completed
within the next eight years.
• The initial phase, expected to be completed in three years, will focus on establishing essential film-
related facilities and a film institute.
28. Tamil Nadu’s Stalin govt announces new international airport for Hosur
• Tamil Nadu Chief Minister M K Stalin announced a new international airport in Hosur
• Build an airport in 2,000 acres of land
• Designed to handle 30 million passengers annually.
• Hosur has a significant place in the state as a hub for electronics manufacturing, thanks to its
strategic proximity to Bengaluru and robust infrastructure.
29. South India’s First Leopard Safari Opens at Bannerghatta
• At the Bannerghatta Biological Park (BBP) – Bengaluru, South India’s first and biggest leopard tour
was just opened by the Environment Minister, Eshwar Khandre.

YesMagazine
• Aim: To protect wildlife and promote wildlife tourism.

• The safari is set up in a 20-hectare area that meets the strict rules of the Central Zoo Authority for
safety and ecosystem mimicry.
• The leopard safari, which cost ₹4.5 crore to build, is meant to look like the leopards’ natural habitat,
with rolling hills, rocky outcrops, and partially deciduous woods.
30. Madhya Pradesh Ministers to Pay Income Tax on Salaries and Allowances
• The Madhya Pradesh cabinet, led by Chief Minister Mohan Yadav, decided, that state ministers will
now be responsible for paying income tax on their salaries and allowances out of their own pockets.
• This marks a significant change from a 1972 rule under which the state government bore the tax
burden.
• This decision was approved unanimously during a cabinet meeting held in Bhopal.
• The state government has extended scholarships to students who enroll in Sainik Schools outside
Madhya Pradesh. Previously, scholarships were limited to students attending the Sainik School in
Rewa.
31. Tata Sons to build Rs 650-crore Museum of Temples in Ayodhya
• Uttar Pradesh's Cabinet approved Tata Sons' Rs 650 crore proposal to build an Ayodhya 'museum
of temples,' funded through Tata's CSR.
• Additionally, Rs 100 crore was allocated for Ayodhya's development, and helicopter services will
start in Lucknow, Prayagraj, and Kapilvastu.
32. Uttar Pradesh Leads India in Compressed Biogas Production
• The Center for Science and Environment (CSE) released report
• Uttar Pradesh could create 24% of India’s CBG.
• This was revealed at a symposium in Muzaffarnagar put together by CSE and the Uttar Pradesh New
and Renewable Energy Development Agency (UPNEDA).
• The meeting was about improving waste management, finding local clean energy solutions, and
lowering reliance on compressed natural gas (CNG) imports.
• Western Uttar Pradesh, including towns like Muzaffarnagar, Meerut, and Saharanpur, is a key area
for making CBG because it has a lot of feedstock.
• Uttar Pradesh is a leader with its ambitious bioenergy policy.
• It calls for funding of Rs. 750 crore for CBG projects from 2022 to 2027, along with subsidies and
leasing choices.
33. Kerala Assembly Seeks Renaming State to ‘Keralam’
• The Kerala Assembly passed a resolution asking the Indian Central Government to change the name
of the state in the Constitution from “Kerala” to “Keralam.”
• This plan, which is being led by Chief Minister Pinarayi Vijayan, focuses on making the constitutional
name match the word “Keralam” in Malayalam.
34. Haryana govt Increases Reservation for OBC Category from 15% to 27%
• Chief Minister of Haryana, Nayab Singh Saini announced that the reservation for the backward
classes in Group-A and Group-B posts, currently at 15 per cent, will be increased to 27 per cent, “in
line with the Central government’s policy”.

YesMagazine
• Haryana government is supporting the education of OBC children by providing scholarships ranging
from Rs 12,000 to Rs 20,000 to ensure quality education.
35. World’s First Asian King Vulture Conservation and Breeding Centre in Maharajganj, UP
• Uttar Pradesh is set to establish the world’s first conservation and breeding centre for Asian king
vultures or red-headed vultures in Maharajganj.
• Aim: To improve the population of critically endangered species listed in the International Union
for Conservation of Nature’s red list since 2007.
• The centre is named Jatayu Conservation and Breeding Centre.
• About Asian King vulture
o This is one of the 9 species of Vulture which are found in India.
o It is also called the Asian King vulture or Pondicherry Vulture was extensively found in India
but its numbers drastically reduced after diclofenac poisoning.
o Conservation status:
o IUCN Red List: Critically Endangered
o Wildlife Protection Act, 1972: Schedule 1
36. Telangana Chief Minister A Revanth Reddy grants Rs 2 lakh loan waiver to state farmers
• A loan waiver of up to Rs 2 lakh for farmers in the state was declared following a cabinet decision.
• Aimed at providing relief to farmers in Telangana
37. Madhya Pradesh Govt Approves establishment Of One Prime Minister College of Excellence
• State: Madhya Pradesh
• The Prime Minister College of Excellence will be inaugurated ceremonially in all 55 districts on July
1.
• Aim: To ensure better teaching arrangements in view of the increasing employment opportunities
in aviation, agriculture, and artificial intelligence (AI)
• Under the National Education Policy, the Madhya Pradesh government has approved the
establishment of one Prime Minister College of Excellence in all the districts of the state.
38. Kerala’s Kozhikode – India’s first UNESCO ‘City of Literature’
• The UNESCO honored Kozhikode as India’s first “City of Literature” on June 23.
• According to this status, the city’s cultural history should be celebrated and used to help develop
literary ability.
• “City of Literature Day” was made official by Mayor M. Beena Philip on June 23.
39. Srinagar – ‘World Craft City’ by World Crafts Council
• Srinagar, the largest city of the Union Territory of Jammu and Kashmir, has recently been designated
as a ‘World Craft City’ by the World Crafts Council.
40. Assam: Famous Ambubachi Mela Begins At Kamakhya Temple
• In Assam, the famous Ambubachi Mela has begun at the Kamakhya temple. This will conclude on
the 26th of this month.
41. Hemis Festival 2024 Celebrated Buddhist Culture in Ladakh

YesMagazine
• The Hemis Festival, a vibrant celebration of Tibetan Buddhism, takes place annually in Ladakh,
India.
• In 2024, this important cultural event held on June 16th and 17th.
• The festival’s highlight is the Chaam dance
42. ‘School in a box’ for children in Assam flood relief camps
• Flood-affected children are set to get a “school in a box” in model relief camps across Assam.
• Such a box or child-friendly space (CFS) kit containing learning materials and other items to ensure
the continuity of education will be provided for each of the 167 model relief camps in the State
where floods and rainfall-induced landslides have claimed at least 31 human lives since May.
43. Limbless amphibian added to Kaziranga’s fauna
• A limbless amphibian, the striped caecilian (Ichthyophis spp), has been newly discovered in Assam’s
Kaziranga National Park and Tiger Reserve during a recent survey.
44. Tata Steel, ICAR-NRRI join Odisha govt to reclaim acidic soils in state
• Joined hands: Tata Steel, ICAR-NRRI join Odisha govt
• Aim: To implement a sustainable agricultural initiative to reclaim acidic soils in the state
• The collaboration aims to utilize industrial waste, such as basic oxygen furnace (LD) slag and fly
ash, as soil amendments to reclaim acidic soils in Odisha.
• The first consignment of LD slag was flagged off from Tata Steel Meramandali (TSM) plant in
Dhenkanal district.

YesMagazine
National
1. Mindspace Becomes First Indian REIT to Issue Sustainability-Linked Bonds
• Mindspace Business Parks REIT has announced its ₹650
crore Sustainability Linked Bond issuance placed with the
International Finance Corporation (IFC).
• The coupon of the bond is linked to Mindspace’s
commitment to achieve certain ESG targets towards
building a greener eco-system.
• Mindspace REIT is sponsored by the K Raheja Group.
2. Tata Group retains top spot as India's most valuable brand at $28.6 billion
• Report title: Brand Value’s 'India 100 2024 ranking
• Tata Group has retained its position as India’s most valuable brand with a value of $28.6 billion.
• Following Tata, Infosys holds the second position.
• HDFC Group has made a significant leap to third place.
• The banking sector also reported a 26 per cent increase in brand value, with State Bank of India
(SBI) retaining its position as the second most valuable bank in India, boasting a brand value of $6.9
billion.
3. India Bets on 'Krishi Sakhis' to Transform Agriculture
• Prime Minister Narendra Modi awarded certificates to over
30,000 self-help groups as Krishi Sakhis in Varanasi.
• This initiative aims to enhance the skills of rural women in
agriculture, recognizing their vital role in this sector.
• What is the Krishi Sakhi Convergence Program (KSCP)?
• The KSCP is part of the ambitious ‘Lakhpati Didi’ program,
which aims to create 3 crore (30 million) Lakhpati Didis.
• Krishi Sakhi is one dimension of this larger initiative.
• Key Objectives:
• Transform rural India by empowering women as Krishi Sakhis
• Train and certify Krishi Sakhis as para-extension workers
• Align with the “Lakhpati Didi” Program goals
• Training Program for Krishi Sakhis: 56-Day Training Modules
• Certified Krishi Sakhis can earn between INR 60,000 to 80,000 per year.
• Krishi Sakhis in Action: MOVCDNER Scheme
• Under the Mission Organic Value Chain Development for North Eastern Region (MOVCDNER)
scheme:
• 30 Krishi Sakhis work as Local Resource Persons (LRPs)

YesMagazine
• They visit farms monthly to monitor activities and understand challenges

• Conduct weekly Farmer Interest Group (FIG) meetings
• Train farmers and assist with FPO functioning and marketing activities
• Maintain farmer diaries
• Earn INR 4,500 per month for these activities.
4. Cabinet approves development of Lal Bahadur Shastri International Airport, Varanasi
• Union Cabinet chaired by Prime Minister Shri Narendra Modi
• Approved the proposal of Airports Authority of India (AAI) for development of Lal Bahadur Shastri
International Airport, Varanasi
• Outlay of Rs 2,870 crore
• It includes Construction of New Terminal Building, Apron Extension, Runway Extension, Parallel
Taxi Track & Allied works.
• The New Terminal Building, which encompasses an area of 75,000 sqm is designed for a capacity of
6 MPPA (million passenger per annum) and for handling 5,000 Peak Hour Passengers (PHP).
• It is designed to offer a glimpse of the vast cultural heritage of the city.
• The proposal includes extending the runway to the dimensions 4,075m x 45m and constructing a
new apron to park 20 aircraft.
5. DGCA extended the license of Maharishi Valmiki International Airport of Ayodhya
• The Directorate General of Civil Aviation (DGCA) extended the license of Maharishi Valmiki
International Airport in Ayodhya, Uttar Pradesh.
• The total period of license of Maharishi Valmiki International Airport is now five years.
6. Chirag Paswan and Ravneet Singh launch Website and Mobile App for World Food India 2024
• Launch of: Website and Mobile App for World Food India 2024
• Launched by: Union Minister of Food Processing Industries, Chirag Paswan and Union Minister of
State for Food Processing Industries and Railways, Ravneet Singh
• Aim: To foster collaboration and partnerships among global and Indian food sector stakeholders
• Date: September 19 to 22, 2024
7. Govt to setup National Forensic Sciences University with ₹2,254 crore
outlay
• Set up of: National Forensic Sciences University
• Outlay: ₹2,254 crore
• Set up by: Government of India
• Government plans to create an NFSU in each state and Union territory
to educate as many as 9,000 students.
• Note:
• NFSU in alignment with the government's policy to overhaul the criminal justice system with three
new laws that will be enforced from 1 July.
• The three new criminal laws, which contain some new provisions related to forensic evidence, will
replace British-era statutes when they come into force.

YesMagazine
8. Delhi Airport Launches India’s First Self-Service Mechanism for Check-in Luggage
• Launch of: Self-service mechanism
• Launched in: Delhi International Airport Ltd
• Aim: To enable passengers to drop in their luggage,
collect tags and print boarding passes to complete
check-in in less time
• Delhi’s IGI Airport has installed around 50 Self-Service
Bag Drop (SSBD) units across Terminal 1 and Terminal
3 for passengers, and they are available with three
airlines – Air India, IndiGo and Air India Express.
• This new mechanism allows passengers to collect and attach their luggage tags at CUSS kiosks upon
arrival.
9. Nine Indian ports ranked among top 100 in Container Port Performance Index 2023
• Index: Container Port Performance Index 2023
• Developed by: World Bank and S&P Global Market Intelligence
• Measures: Resilience, efficiency and overall performance of the Ports
• 9 Indian ports:
o Visakhapatnam Port (9 rank)
o Mundra Port (27)
o Pipavav (41)
o Kamarajar (47)
o Cochin (63)
o Hazira (68)
o Krishnapatnam (71)
o Chennai (80)
o Jawaharlal Nehru (96)
10. India now 3rd-largest domestic airline market; capacity doubles in 10 yrs
• Data by: OAG data
• India is the third-largest domestic airline market in the world, up from number five position a
decade ago.
• The data shows India’s domestic airline capacity doubling in a decade from 7.9 million in April 2014
to 15.5 million in April 2024.
• India has replaced Brazil (pushed to fourth place with 9.7 million) and Indonesia (relegated to fifth
in the rankings with 9.2 million).
• Top two: The US (86.1 million) and China (67.8 million)
• India’s capacity growth rate of seats over a 10 year average is the highest amongst the top five
countries, growing at 6.9 per cent annually, followed by China at 6.3 per cent, the US at 2.4 per cent,
Indonesia by 1.1 per cent and Brazil experiencing an annual decline of 0.8 per cent.
11. Centre monetised Rs 3.85 trillion worth of assets as part of NMP since FY22
• Announced by: Niti Aayog
• The central government has monetised assets worth Rs 3.85 trillion.

YesMagazine
• Rs 1.56 trillion being raised from private participation in infrastructure in 2023-24 itself
• It is a part of the national monetization pipeline (NMP) since 2021-22
• The total target for the first two years i.e. 2021-22 and 2022-23 under NMP was around Rs 2.5
trillion, against which around Rs 2.30 trillion was achieved.
• During the financial year 2023-24, against the target of Rs 1.8 trillion, which is the highest among
all the four years, the achievement has been around Rs 1.56 trillion.
• Further, this achievement in 2023-24 is around 159 per cent of the achievement in 2021-22
• The national monetization pipeline had been created in September 2021, to bring in private sector
efficiency and raise money for the central government through operational and revenue-generating
infrastructure assets.
12. Blue Dart launches drone deliveries in collaboration with Skye Air
• Launch of: Drone deliveries
• Launched by: Blue Dart
• Collab: Skye Air (a pioneer in drone technology)
• Blue Dart plans to leverage this drone technology to improve its logistics.
• This move is also a major step towards cleaner and more efficient delivery solutions.
13. Cabinet clears Rs 76,200 cr for development of Maha's greenfield major port
• Approval for: Development of Maha's greenfield major port
• Approved amount: Rs 76,200 crore
• Approved by: Union Cabinet
• The development of all weather greenfield deep draft major Port at Vadhavan in Maharashtra.
• Constructed by: Vadhavan Port Project Limited (VPPL), an SPV formed by Jawaharlal Nehru Port
Authority (JNPA) and Maharashtra Maritime Board (MMB), with a shareholding of 74 per cent and
26 per cent, respectively.
• The port will be one of the top 10 ports in the world.
• Varanasi airport expansion
• The Union Cabinet approved a Rs 2,869.65 crore proposal for the expansion of Lal Bahadur Shastri
International Airport at Varanasi.
• Aim: To enhance the passenger handling capacity of the airport to 9.9 million passengers per annum
(MPPA) from the existing 3.9 MPPA.
14. Centre hikes Kharif MSP by 5-12.7%; paddy raised by Rs 117 per quintal
• Approved by: The Union Cabinet, led by Prime Minister Narendra Modi
• Increased the Minimum Support Price (MSP) for Kharif crops by 5-12.7 per cent for the 2024-25
marketing season.
• The highest increases were for pulses and oilseeds, while cereals saw the lowest hikes.
• The MSP for paddy, the main cereal grown in the Kharif season, was raised by Rs 117 per quintal.
• The new MSP for paddy is Rs 2,300 per quintal for the 2024-25 kharif marketing season.
15. Airports, airlines should have at least 25% women at various levels: DGCA
• Suggestion: Indian airports and airlines should have at least 25 per cent women at various levels
• Suggested by: Directorate General of Civil Aviation (DGCA)

YesMagazine
• Aim: To promote more gender equality in the country's aviation sector.

16. Indian Railways Conducts Trial Run on World’s Highest Steel Arch Rail Bridge
• Name of Bridge: Chenab Bridge
• The Indian Railways completed a successful trial of an electric engine from Sangaldan to Reasi,
crossing the world’s highest steel arch rail bridge.
• About Chenab Bridge:
o Location: Jammu and Kashmir
o It stands taller than the Eiffel Tower in Paris
o It marks a significant engineering feat under the Udhampur Srinagar Baramulla Rail Link
(USBRL) Project.
o Constructed over the Chenab River gorge in Reasi district, Jammu and Kashmir
o The Chenab Bridge reaches a height of 359 meters (approximately 1,178 feet), surpassing
the Eiffel Tower by 35 meters.
17. NHAI to undertake Miyawaki plantations to restore green cover
• NHAI will undertake Miyawaki plantations, a unique Japanese approach to ecological restoration
and afforestation, on 53 acres of land parcel adjacent to national highways in and around Delhi and
NCR
• The Miyawaki method aims to create dense, native, and biodiverse forests in a short period of time.
• These forests retain ground water and help to recharge the groundwater table.
• With this method, trees grow ten times faster and the plantations act as a sound and dust barrier.
18. New Criminal Laws will take effect from July 1
• New Criminal Laws: (1) Bharatiya Nyay Sanhita, (2) Bharatiya Suraksha Sanhita, and (3) Bharatiya
Sakshya Adhiniyam
• Effective from: 1st July 2024
• Extensively modified based on Law Commission reports
• Aim: To enhance the criminal justice system with increased penalties and new provisions.
• Bharatiya Nagarik Suraksha Sanhita:
• Police custody under general criminal laws has been increased from 15 days to 90 days, depending
on the nature of the offense.
19. WHO Recognizes 3rd Indian Institute for Traditional Medicine Research
• Context: The World Health Organization (WHO) has recognised third Indian institute for traditional
medicine research
• Name: National Institute of Indian Medical Heritage (NIIMH), Hyderabad as a Collaborating Centre
for traditional medicine research
• Ministry: Ministry of Ayush
• First: Institute for Teaching & Research in Ayurveda, Jamnagar
• Second: Morarji Desai National Institute of Yoga (MDNIY), New Delhi
• About NIIMH:
• Established in 1956

YesMagazine
• NIIMH has been a pioneer in various digital initiatives of Ayush.

• This recognition has been granted for a period of four years, marking NIIMH as the third Indian
institute to receive such an honor.
• About WHO:
• DG: Dr. Tedros Adhanom Ghebreyesus
• Headquarters: Geneva, Switzerland
• Established: April 7, 1948
• Parent Organization: United Nations
20. Mumbai, Delhi Luxury Real Estate Among Top 5 Globally
• Report by: Knight Frank
• Report title: Prime Global Cities Index January-March 2024
• Top performer: Mumbai (YoY growth of 11.5%) and Delhi (10.5% YoY rise)
• Global rank:
o Mumbai: Third
o Delhi: Fifth
o Bengaluru: 17th
• Top Global Performers: Manila led the index with a 26.2% increase in prices, followed by Tokyo,
which saw a 12.5% rise.
21. Vice President Jagdeep Dhankhar to Inaugurate Newly Constructed ‘Prerna Sthal’
• Inauguration of: Prerna Sthal
• Inaugurated by: Vice President Jagdeep Dhankhar
• Location: Parliament House Complex
• Aim: To ensure convenience of dignitaries and other visitors who will
be able to see and pay tributes to the statues of great leaders and
freedom fighters at one place inside the Parliament House Complex
22. Centre releases Rs. 1,39,750 crore installment of Tax Devolution to

States
• The Centre authorized the release of tax devolution of Rs 1,39,750 crore
to states
• Month: June 2024
• The Interim Budget 2024-25 has a provision of Rs. 12,19,783 crore towards devolution of taxes to
States.
• With this release, the total amount devolved (for FY 2024-25) to States till 10 June 2024 is Rs.
2,79,500 crore.
23. Portfolios of the council of ministers in BJP- led NDA government

YesMagazine

YesMagazine
24. Urban-Rural Consumption Expenditure Differential Falls To 71% In 2022-23: Survey

• Survey by: Ministry of Statistics and Programme Implementation
• Survey on: Household Consumption Expenditure
• Findings:
• Rural India’s average monthly capital expenditure stood 71 percent lower than Urban India in the
period from August 2022 to July 2023.
• Rural India on average, clocked a monthly Per capita consumption expenditure (MPCE of three
thousand 773 rupees in the period under review.
• Urban India’s average estimated MPCE during the period stood at 6,459 rupees.
• The survey stated that in the 2022-23 period, Rural India spent 46 percent of its household
consumption expenditure towards food.
25. Adani Solar retains Top Performer ranking in Kiwa PVEL’s PV Module Reliability Scorecard
• Report by: Kiwa PVEL's PV Module Reliability Scorecard
• Edition: 10th
• Top performer: Adani Solar (the solar photovoltaic (PV) manufacturing arm of the Adani Group)
• Kiwa PVEL is a leading independent laboratory serving the downstream solar industry.
• Their annual Scorecard highlights manufacturers that have produced PV modules demonstrating
noteworthy results in independent testing.
26. AIM, NITI Aayog unveils AIM – ICDK Water Challenge 4.0 and Innovations For You – SDG
Entrepreneurs of India
• Launch of: (1) AIM – ICDK Water Challenge 4.0, (2) Innovations For You – SDG Entrepreneurs of
India
• Launched by: Atal Innovation Mission and NITI Aayog
• Aim: To foster innovation and sustainability in India
• AIM also introduced the fifth edition of ‘Innovations For You’, a coffee table book series spotlighting
the endeavors of SDG Entrepreneurs of India

YesMagazine
27. Centre Releases 17th Instalment Of PM-Kisan Samman Nidhi Worth Rs 20,000 Crore For
Farmers
• The first file authorizing release of 17th instalment of PM-Kisan Samman Nidhi.
• Amount: Twenty thousand crore rupees
• PM-KISAN Scheme:
• Launched in 2019
• Aim: To provide income support to all landholder farmer families across the country.
• Under the scheme, the financial benefit of six thousand rupees per year is provided to the eligible
family of farmers.
• Implemented as Central Sector Scheme
• 100 per cent financial support by the Central government.
• The amount is being transferred directly to the bank accounts of the beneficiaries, in three
installments of two thousand rupees.
28. India Among Top Five Global Destinations for Real Estate Investment
• Report by: Colliers
• Highlights: India has become one of the best places to invest in real estate across borders.
• By March quarter, it was ranked among the top five places in the world to buy land and build on it.
• About 55% of these inflows came from foreign investors.
• Most of these purchases (73%) are in assets that are ready to use, with a clear preference for
properties that are already making money.
• Foreign investments in Indian real estate reached $3.6 billion in 2023, making up 67% of all the
money that came in.
29. 65.79% voter turnout recorded at polling stations in GE 2024
• Election Commission said that overall, 65.79 percent voter turnout was recorded in General
Elections 2024 at the polling stations.
• Lakshadweep recorded the highest voter turnout of 84.16 percent followed by Assam with 81.56
percent and Tripura with 80.93 percent.
• Bihar recorded the lowest voter turnout at 56.19 percent followed by Uttar Pradesh at 56.92
percent.
30. 18th Mumbai International Film Festival to be held from June 15-21
• The 18th edition of the Mumbai International Film

Festival (MIFF) will be held in Mumbai from June 15 to
21.
• The film gala, which showcases non-feature films
(documentary, short Fiction and animation) will be at
the FD-NFDC Complex in Mumbai.
• Besides, MIFF screenings will also be held in Delhi at
Sirifort Auditorium, Chennai at Tagore Film Centre,
Pune at NFAI auditorium and Kolkata at SRFTI
Auditorium.

YesMagazine
• The 2024 edition will open with the screening of National Geographic’s documentary “Billy & Molly:
An Otter Love Story”.
31. NHAI Unveils New Corporate Identity of National Highways Infra Trust
• NHAI has unveiled a new corporate identity with the launch of a logo of its National Highways Infra
Trust (NHIT) (infrastructure Investment Trust).
• Depicting ‘Agility’ and ‘Progress’.
• Aim: To bolster NHIT brand visibility with various stakeholders and align its image with its core
values of Accountability, Agility, Continuous Learning, Excellence, Integrity and Collaboration.
• NHAI Chairman: Santosh Kumar Yadav
32. Wipro launches Lab45 AI platform
• Launch of: Lab45 artificial intelligence (AI) platform
• Launched by: Wipro
• This platform leverages generative AI (GenAI), machine learning (ML), and deep learning
technologies to help companies increase efficiencies, transform business functions, and enable
industry-specific solutions.
• Lab45 is Wipro’s innovation lab, and the Lab45 AI platform is available to all Wipro employees and
clients.
34. MNRE and IREDA host conference in Bhubaneswar
• Conference between: Ministry of New & Renewable Energy (MNRE), in collaboration with the
Indian Renewable Energy Development Agency Ltd. (IREDA)
• Conference for: Global Wind Day
• Location: Bhubaneswar, Odisha
• According to the National Institute of Wind Energy (NIWE), India's onshore wind potential is
estimated at 1,164 GW at 150 meters above ground level, with Odisha’s potential of 12 GW.
35. Industrial production declines to a three-month low of 5% in April
• Data by: Ministry of Statistics and Programme Implementation (MoSPI)
• The Index of Industrial Production (IIP) in India slowed to 5 per cent in April 2024.
• According to use-based classification, the capital goods segment grew by 3.1 per cent in April 2024.
• The core sector makes up 40.27% of the Index of Industrial Production (IIP), making it a lead
indicator of industrial activity.
36. NCRB Launches Mobile App ‘NCRB Sankalan Of Criminal Laws’
• Launch of: NCRB Sankalan of Criminal Laws
• Launched by: National Crime Records Bureau (NCRB)
• Aim: To serve as a comprehensive guide providing complete information about the new criminal
laws at one place.
• The New criminal laws will come into force from July 1, 2024.
• This App is a compilation of new criminal laws namely:
• Bharatiya Nayaya Sanhita,
• Bharatiya Nagrik Suraksha Sanhita, and
• Bharatiya Sakshya Adhiniyam.

YesMagazine
• It provides an Index linking all Chapters and Sections of the new laws.
• It also has a corresponding chart for section-wise comparison between old and new laws with a
search and linking facility for quick information retrieval.
• The App is designed to work in offline mode in the absence of connectivity
• This App is useful for the General Public, Court Officers, Advocates, Law Students as well as for
Police Officers in enhancing their knowledge about the New Criminal Laws.
37. Centre Approves ₹50 Lakh Grants Each for 7 Startups in Technical
Textiles
• Context: The Ministry of Textiles has approved ₹50 Lakh grants each for
7 Startups in technical textiles.
• Aim: To boost innovation and sustainability and to foster transformative
developments that will shape the industry’s future.
• The Empowered Programme Committee has approved 7 startup
proposals under the GREAT scheme.
• About GREAT Scheme:
• GREAT refers to Grant for Research and Entrepreneurship across Aspiring Innovators in Technical
Textiles.
• Aim: Supporting individuals and companies
• Funding:
o A grant-in-aid of up to Rs 50 lakh for up to a period of 18 months will be provided.
o The textile ministry will additionally provide 10% of the total grant-in-aid to incubators.
o Only a minimum of 10% contribution has to be made by the incubatee.
38. Universities Will Be Allowed to Offer Admission Twice a Year on lines of Foreign Varsities
• Organization: University Grant Commission (UGC)
• Indian universities and higher education institutions (HEIs) will now be allowed to offer admissions
twice a year on lines of foreign universities.
• The two admission cycles- followed globally also- will be July-August and January-February from
the 2024-25 academic session.
• Note: It will not be mandatory to offer biannual admissions and institutions that have the required
infrastructure and teaching faculty can utilize the opportunity.
39. Urban-Rural Consumption Expenditure Differential Falls To 71% In 2022-23: Survey: MoSPI
Survey
• Survey on: Household Consumption Expenditure
• Surveyed by: The Ministry of Statistics and Programme Implementation
• Highlights:
• It has found that Rural India’s average monthly capital expenditure stood 71% lower than Urban
India in the period from August 2022 to July 2023.
• Rural India on average, clocked a monthly Per capita consumption expenditure (MPCE) of three
thousand 773 rupees in the period under review.
• Average monthly per capita consumption expenditure in rural sector (2022-23) rise by 40% at real
prices, while the MPCE in urban sector has risen 33 percent in the same period.

YesMagazine
• In absolute terms, the average monthly per capita consumption expenditure in the rural sector
jumped to Rs 2,008 in 2022-23. While the MPCE in the urban sector rose to Rs 3,510 in 2022-23.
• The difference between the urban and rural MPCE has seen a decrease over the years, with the
differential reducing from 90 percent in 2009-10 to 75 percent in 2022-23.
40. “Billy and Molly: An Otter Love Story” to Open Mumbai Film Festival
• Context: National Geographic’s documentary, 'Billy and Molly, An Otter Love Story', will kick off the
screenings at the 18th Mumbai International Film Festival (MIFF) in Mumbai.
• MIFF is scheduled to be held from 15th June 2024 to 21st June 2024 in Mumbai.
• Billy and Molly: An Otter Love Story Directed by Charlie Hamilton James
41. DRDO backed start-up develops revolutionary AI tool ‘Divya Drishti’
• Ingenious Research Solutions Pvt Ltd., a start-up founded by Dr Shivani Verma, has made a
significant leap in biometric authentication technology with the development of an AI tool named
“Divya Drishti.”
• Dr. Verma’s won the prestigious Dare to Dream Innovation contest 2.0, a pan-India theme-based
contest organized by the Defence Research and Development Organization (DRDO).
• Divya Drishti’ creates a robust and multifaceted authentication system by combining facial
recognition with gait analysis.
42. Mazagaon Dock Shipbuilders get Navratna status as 18th PSU
• Department of Public Enterprises(DPE), under the Ministry of Finance(MoF), has granted the
'Navratna' status to Mazagon Dock Shipbuilders Limited (MDSL)
• Criteria for grant of Navratna Status:
• The Miniratna Category - I and Schedule 'A' CPSEs who have achieved 'excellent' or 'very good'
rating under the Memorandum of Understanding (MoU) system in three of the last five years, and
have a composite score of 60 or above in the six selected performance parameters, namely,
o Net profit to net worth (25),
o Manpower cost to total cost of production/services (15)
o Profit Before Depreciation, Interest and Taxes (PBDIT) to capital employed (15)
o PBIT to turnover (15)
o Earnings per share (10)
o Inter-sectoral performance (20)
• With this status, they can invest up to Rs. 1,000 crore or 15% of their net worth in a single project,
and up to 30% of their net worth in a year, provided these investments do not exceed Rs.1,000 crore.
43. Artificial Intelligence Preparedness Index 2024
o Released by: International Monetary Fund (IMF)
o Rank 174 countries around the world based on how ready they are to use AI.
o Three main groups of countries that the AIPI looks at: Low-Income Countries (LIC), Emerging
Market Economies (EM), and Advanced Economies (AE)
o Singapore, Denmark, and the United States are at the top of the list of AEs, with scores of 0.80, 0.78,
and 0.77, respectively.
o India, which is an EM, got a score of 0.49 and is now ranked 72nd in the world.

YesMagazine
o Bangladesh, Sri Lanka, and China, which are all close by, were ranked 113th, 92nd, and 31st, with
scores of 0.38, 0.43, and 0.63, respectively.
44. MoE Launches National Campaign on ToFEI
o The Ministry of Education has unveiled a comprehensive plan to create tobacco-free educational
institutions across the nation.
o India is the world’s second-largest consumer and producer of tobacco.
o It faces a significant public health challenge with tobacco use accounting for approximately 1.35
million deaths annually.
o The Global Youth Tobacco Survey (GYTS) 2019 revealed that 8.5 percent of school students aged 13
to 15 use tobacco in various forms.
o On World No Tobacco Day, observed on May 31, 2024, the Department of School Education &
Literacy launched the “ToFEI Implementation Manual.”
o This manual, developed under the National Tobacco Control Programme (NTCP), aims to guide
schools in complying with Tobacco Free Educational Institution (ToFEI) guidelines.
45. Union Minister Jitan Ram Manjhi, Launches Two New Schemes on World MSME Day
o Launch of: MSME TEAM, and Yashasvini campaign
o Launched by: Union Minister for Micro, Small and Medium Enterprises (MSME), Jitan Ram Manjhi
o ‘MSME TEAM’:
o Aims to facilitate five lakh micro and small enterprises for Open Network for Digital Commerce.
o Yashasvini campaign:
o Focuses on mass awareness to formalize women-owned informal micro enterprises and provide
necessary support and assistance.
o World Micro, Small, and Medium Enterprises (MSME) Day is celebrated on June 27th every year.
o 2024 theme - 'MSMEs and the SDGs'
46. Telecommunication Mobile Number Portability (Ninth Amendment) Regulations 2024 to Come
Into Force on July 1
o Telecommunication Mobile Number Portability (Ninth amendment) Regulations 2024 will come
into force on 1st July.
o Aim: To curb the porting of mobile numbers by way of fraudulent SIM swap/replacement by
unscrupulous elements.
o Through these amendment regulations, an additional criterion for the rejection of the request for
allocation of a Unique Porting Code has been introduced.
• Specifically, a UPC shall Not be allocated if the request for the UPC has been made before the expiry
of seven days from the date of SIM swap/replacement.
47. Hunar Indian Folk and Tribal Art Exhibition Opens In Dubai
• Exhibition: Hunar Indian Folk And Tribal Art Exhibition
• Location: Dubai
• Various artistic styles from across India, including Aipan art from Uttarakhand, Madhubani art from
Bihar, and Warli art from Maharashtra.
• The exhibition also features vibrant murals of Kerala and intricate Muria art of Chhattisgarh

YesMagazine
48. Government Employees to Receive Extended Maternity and Child Care Leave for Surrogacy
• Government employees involved in surrogacy will now receive extended maternity leave of 180
days for commissioning mothers and 15 days of paternity leave for commissioning fathers.
• The amended rules also align with the Surrogacy (Regulation) Rules of 2022, allowing married
couples to use donor eggs or sperm when one partner faces a medical condition.
• Maternity leave: The Maternity Benefit Act 1961, amended in 2017, entitles women to 26 weeks of
paid maternity leave.
• This can be availed for up to two children, with the leave for the third child being 12 weeks.
• Adoptive mothers are eligible for 12 weeks of leave for a child below three months old.
49. Central Electronics Limited (CEL) Granted Mini RATNA Status (Category-1)
• Central Electronics Limited (CEL) was honored with “Mini RATNA” status (Category-1) by Union
Minister Dr. Jitendra Singh.
• This recognition underscores CEL’s transformation from a loss-making PSU to a profitable entity
• Achieving a net profit of approximately Rs 58 crore and consistently paying dividends to the
Government of India for three consecutive years.
50. BlinkX opens India’s first Gen AI lab in the stock broking industry
• BlinkX launched BlinkX Gen AI Lab, a new technology project
• It is a digital stockbroking arm of JM Financial.
• Aim: To use artificial intelligence to improve operational efficiency and the customer experience.
• Location: Mumbai
• It covers more than 10,000 square feet.
51. CAG inaugurates India’s first ‘Chadwick House: Navigating Audit Heritage’ Museum
• Inauguration of: Chadwick House: Navigating Audit Heritage’ Museum
• Inaugurated by: Comptroller and Auditor General of India
• Location: Shimla
• Chadwick House: Mahatma Gandhi’s stay in 1946 during his visit to Shimla for the Cabinet Mission.
52. Bharat Centre of Olympic Research and Education launched
• The Bharat Centre of Olympic Research and Education (BCORE) was inaugurated at the Rashtriya
Raksha University in Gujarat’s Gandhinagar district.
• It has attained official recognition by the International Olympic Committee (IOC) as an academic
center promoting Olympic values.
• Note:
• Rashtriya Raksha University, established under the Parliament of India’s Act No. 31 of 2020, is a
pioneering institution dedicated to national security and police education.
53. MoHUA Launches Safai Apnao, Bimaari Bhagao Initiative
• Launch of: Safai Apnao, Bimaari Bhagao Initiative
• Launched by: Ministry of Housing and Urban Affairs (MoHUA)
• Initiative under Swachh Bharat Mission-Urban 2.0, running from July 1 to August 31, 2024.
• Aim: To bolster Urban Local Bodies (ULBs) in tackling heightened cleanliness and health challenges
during the monsoon season.

YesMagazine
• It aligns with the Ministry of Health and Family Welfare’s ‘STOP Diarrhoea Campaign’, emphasizing
comprehensive interventions and inter-departmental collaboration.
54. Flipkart group launches super.money to re-enter India's fintech space
• Launch of: super.money
• Launched by: Flipkart group
• Aim: To tap into the growing digital financial services sector in India.
• Apart from payments on Unified Payments Interface (UPI), the platform will offer services such as
credit, deposit, credit card, among others.
• It has launched a beta version of its Android app.
• The company corners nearly 49.2 per cent market share in the UPI space, followed by Google Pay at
37.5 per cent, and Paytm at 8.21 per cent share as of May 2024.
• The top two players, PhonePe and Google Pay, corner about 87 per cent of the UPI market share.
55. CAQM Sets Higher Target of 4.5 Crore Plantations for NCR in FY 2024-25
• The Commission for Air Quality Management in NCR and Adjoining Areas (CAQM) has set higher
target of 4.5 crore plantations for the entire National Capital Region during financial year 2024-25.
• Last year, a target of new plantations of about 3.85 crores had been set in the entire NCR out of
which nearly 3.6 crores plantations were successfully carried out during the year.
57. India must add 1.7-3.6 GW data centre capacity to its 2028 target
• Report Title: Is India Building Enough to Power its Digital Transformation?
• Report by: Real estate consultancy Cushman & Wakefield
• Forecast: India would require an additional colocation data centre capacity of 1.7–3.6 Gigawatts
(GW) by 2028, over and above the planned development of 2.32 GW
• The findings of the report said that for every 1 Megawatt (MW) of installed colocation capacity in
India, 13.2 petabytes (PB) of data is generated.
• In the USA, this ratio stands at 0.3 PB, in the UK it is 0.4 PB, and 0.3 PB in Australia.
• In Singapore, it is lower at 0.1 PB
58. Govt enhances allocation for Fertilizer sector under SIGHT Programme of NGHM
• Ministry: Ministry of New & Renewable Energy (MNRE)
• Implementation of: National Green Hydrogen Mission (NGHM)
• Aim: To achieve production capacity of 5 million tonnes per annum of Green Hydrogen in the
country by the year 2030
• Under the Mission, MNRE had issued the Scheme Guidelines for implementation of SIGHT
Programme – Component II: Incentive for Procurement of Green Ammonia Production (under
Mode2A) of the NGHM
• Mode 2A caters to the requirements of the fertilizer sector.
• As per the said Guidelines, the capacity available for bidding under Tranche I of Mode 2A was
5,50,000 tonnes per annum of Green Ammonia.
• Thereafter, Solar Energy Corporation of India (SECI) also issued Request for Selection (RfS) for
selection of Green Ammonia Producers through a cost based competitive bidding process.

YesMagazine
• Allocation for fertilizer sector increased from 5.5 lakh tonnes per
annum to 7.5 lakh tonnes per annum of Green Ammonia.
• The National Green Hydrogen Mission was launched on 04th January
2023 with an outlay of Rs. 19,744 crores up to FY 2029-30.
59. Ministry of Coal initiates India’s First Ever Pilot project for
Underground Coal Gasification in Jharkhand
• Ministry: Ministry of Coal
• Eastern Coalfields Limited (ECL) has embarked on an innovative pilot
project for Underground Coal Gasification (UCG)
• Location: Kasta coal block in Jamtara District, Jharkhand
• Aim: To revolutionize the coal industry by using in-situ coal gasification to convert it into valuable
gases such as methane, hydrogen, carbon monoxide, and carbon dioxide.
• These gases can be utilized to produce synthetic natural gas, chemical feedstocks for fuels,
fertilizers, explosives, and other industrial applications.
60. Centre announces partial reimbursement scheme for exploration of critical minerals
• The mines ministry announced scheme to provide partial reimbursement of exploration expenses
for licence holders.
• The government will provide 50 percent reimbursement for exploration of critical minerals with a
cap of Rs 20 crore.
• Union Minister of Coal and Mines G. Kishan Reddy also launched the 4th tranche of auction of critical
and strategic minerals, and declared the preferred bidders for the six blocks put up in auction during
the 1st tranche.
• Under the 4th tranche of auction, the government included 21 blocks of critical mineral.
• Out of these 21 blocks, 11 are fresh blocks, spanning six States, Arunachal Pradesh, Chhattisgarh,
Jharkhand, Karnataka, Rajasthan and Uttar Pradesh.
• These blocks contain a variety of minerals including graphite, glauconite, phosphorite, potash,
nickel, PGE, phosphate and Rare Earth Elements (REE).
• Additionally, as part of this tranche, 10 critical mineral blocks are on offer as the “second attempt”
blocks of previous tranches of auction.
• These 10 blocks are located in Andhra Pradesh, Arunachal Pradesh, Chhattisgarh, Karnataka,
Maharashtra and Tamil Nadu and have important critical minerals like tungsten, vanadium,
graphite, glauconite, cobalt and nickel.
61. Govt proposes new bank to bridge credit gap for MSMEs
• A proposal to set up a separate bank for direct lending to the micro, small and medium enterprises
(MSMEs).
• Aim: To deepen credit flows to the under-penetrated sector and thereby boost economic activity
and job creation.
• Currently, the Small Industries Development Bank of India (SIDBI) provides largely refinance to
banks that lend to MSMEs, letting the cost of finance to these units reduce.
• Established under an Act of Parliament in 1990, SIDBI's majority shareholders include:
• the Government of India (20.85%),

YesMagazine
• State Bank of India (15.65%), Life Insurance Corporation of India (13.33%), and
• National Bank for Agriculture and Rural Development (9.36%).
• SIDBI accesses low-cost funds from banks that fall short of their priority sector lending (PSL)
targets.
• SIDBI's growth prospects depend on the coverage achieved by scheduled commercial banks in
meeting their PSL targets.
• State financial corporations and state industrial development corporations among others lend
directly to units in the MSME sector.
62. Dr. Jitendra Singh Launches “One Week One Theme” (OWOT) Campaign
• Union Minister of State (Independent Charge) for Science and Technology Dr. Jitendra Singh
launched “One Week One Theme” (OWOT) campaign
• Aim: To showcase recent success stories of India in different streams of science and technology.
• Built on the legacy and success of the ‘One Week One Lab’ (OWOL) initiative started last year.
63. Govt approves transmission projects worth Rs 13595 cr
• Approval for: Inter State Transmission System (ISTS) schemes
• Agenda: To evacuate 9 GW of RE power from Rajasthan and Karnataka
• Implemented through Tariff Based Competitive Bidding (TBCB) mode
• These schemes are part of 500 GW RE capacity by 2030 out of which 200 GW is already connected.
• Rajasthan:
o The power evacuation scheme of Rajasthan Renewable Energy Zone (REZ) will evacuate 4.5
GW of RE power from Rajasthan.
o It comprises 1 GW from Fatehgarh complex, 2.5 GW from Barmer Complex and 1 GW from
Nagaur (Merta) Complex.
o This power will be transferred to Mainpuri Region, Fatehpur and Orai of Uttar Pradesh.
o Completion period: Two years
o Cost: ₹12,241 crore.
• Karnataka:
o Evacuate 4.5 GW RE power from Koppal area and Gadag area.
o The scheme will be completed by June 2027.
o Cost of the scheme is about ₹1,354 crore.
64. India to spend $6 billion on AI by 2027: IDC reports
• Estimated by: International Data Corporation (IDC)
• Artificial Intelligence (AI) and Generative AI (GenAI) adoption in India will reshape the country’s
technological landscape
• Expected expenditure: $6 billion by 2027
• It will grow at a compound annual rate of 33.7% from 2022 to 2027.
• IDC predicts that by 2025, 40% of service engagements will involve GenAI, reshaping service
delivery in strategy, change management, and training to prepare organizations for AI integration.
65. Union Home Minister inaugurated the ‘Fast Track Immigration – Trusted Traveller Programme’
• Inauguration of: Fast Track Immigration – Trusted Traveller Programme

YesMagazine
• Inaugurated by: Union Home Minister and Minister of Cooperation Shri Amit Shah
• Location: Terminal-3 of Indira Gandhi International Airport, New Delhi
• Fast Track Immigration - Trusted Travellers' Programme (FTI-TTP) has been initiated to speed up
the Immigration clearance process for eligible persons from the following categories:
• Indian Nationals
• Foreign Nationals holding OCI Card
• Applicant found eligible, will need to provide Biometrics (fingerprint and face image) in addition to
required information as per data fields provided in the application form.
• The enrolment to the programme shall be done after necessary verifications and fulfilment of
eligibility.
• However, those travellers who may be required by Law Enforcement Agencies and Courts to join
investigations can be suspended from this programme even after enrolment.
• The TTP registration will be valid till the validity of the passport or 05 years whichever is earlier
and will be renewed thereafter.
66. JP Nadda Launches National STOP Diarrhoea Campaign 2024
• Launch of: National STOP Diarrhoea Campaign 2024
• Launched by: Union Minister of Health and Family Welfare Jagat Prakash Nadda
• He launched the campaign by distributing oral rehydration salts (ORS) and zinc tablets to children
• Date: 1st July to 31st of August 2024
• Goal: To attain zero child deaths due to childhood diarrhoea
67. India's electronic manufacturing may reach USD 500 bn by 2030: CII report
• Report by Confederation of Indian Industry
• Findings:
• In 2023, the demand for components and sub-assemblies stood at USD 45.5 billion to support USD
102 billion worth of electronics production.
• This demand is expected to scale to USD 240 billion to support the USD 500 billion worth electronics
production by 2030.
• India needs to take critical actions to transform its electronic sector ecosystem from an 'import
dependent assembly led manufacturing' to 'component level value-added manufacturing'.
• The Report identifies 5 priority components/sub-assemblies of batteries (lithium-ion), camera
modules, mechanicals, displays, and PCBs (Printed Circuit Board) which are categorized as high
priority for India.
• They cumulatively accounted for 43 per cent of the components demand in 2022 and are expected
to grow to USD 51.6 billion by 2030.
68. India ranks sixth globally in deeptech startup ecosystems
• Report by: Nasscom-Zinnov study
• The report titled ‘India's deeptech dawn: forging ahead’
• India ranks sixth in the global deeptech ecosystem with as home to over 3,600 startups in the
deeptech space.
• Notably, 74 per cent of the deeptech startups established in 2023 have concentrated on AI, a
significant increase from 62 per cent in the period from 2014 to 2022

YesMagazine
69. India to Launch E-Medical Visa Facility for Bangladesh Nationals

• Launch of: E-Medical Visa Facility
• Launched by: India
• Launched for: Bangladesh Nationals
• Those who are coming to India for medical treatment, India will open a new consulate in Rangpur,
Bangladesh, to facilitate services for people in the northwest region of the country.
70. BIS introduces new safety standards for EVs in India
• Introduction of: IS 18590: 2024 and IS 18606: 2024
• Aim: To enhance the safety of electric vehicles in the L, M, and N categories.
• L refers to two-wheelers, while the M and N categories correspond to four-wheelers and goods
trucks, respectively.
• Focus on the main parts of electric cars, buses, and trucks, especially the powertrain (which includes
parts like the motor and transmission)
• BIS has introduced IS 18294: 2023, which establishes safety standards specifically for these
vehicles.
• These rules make sure that e-rickshaws and E-Karts are built and function safely, protecting both
the drivers and the passengers.
71. Government Monetises ₹1.56 Lakh Crore in FY24 under National Monetisation Pipeline
• National Monetisation Pipeline (NMP):
• The government monetised assets worth ₹1.56 lakh crore in the financial year 2023-24
• Falling short of the target of ₹1.8 lakh crore.
• Aggregate Monetisation Potential: ₹6 lakh crore over FY22 to FY25.
• First Two Years (2021-22, 2022-23): Target of ₹2.5 lakh crore; achievement of ₹2.30 lakh crore.
• FY24 Achievement: ₹1.56 lakh crore against a target of ₹1.8 lakh crore.
• Ministry-wise Monetisation in FY24
o Road Transport and Highways: ₹40,314 crore
o Coal Ministry: ₹56,794 crore
o Power Ministry: ₹14,690 crore
o Mines Ministry: ₹4,090 crore
o Petroleum and Natural Gas: ₹9,587 crore
o Urban Ministry: ₹6,480 crore
o Shipping Ministry: ₹7,627 crore
73. Visakhapatnam Port Leads in Marine Products Shipments
• Visakhapatnam Port has emerged as India’s top port for marine products shipments in FY24,
handling 3,14,199 tonnes valued at ₹17,983.99 crore ($2,194 million).
• Chennai handled 1,01,903 tonnes valued at ₹6,120 crore, while Kolkata managed 94,559 tonnes
valued at ₹4,452 crore
74. Centre Forms High-Level Committee of Experts To Reform NTA-Conducted Exams
• High-Level Committee of Experts to ensure the transparent, smooth, and fair conduct of
examinations by the National Testing Agency (NTA)
• Constituted by: Ministry of Education

YesMagazine
• Total members: 7
• Chaired by: Former ISRO Chairman Dr. K. Radhakrishnan
75. STPI Celebrated 33rd Foundation Day in New Delhi
• Software Technology Parks of India (STPI) is an autonomous society under the Ministry of
Electronics and Information Technology (MeitY).
• It has celebrated its 33rd Foundation Day on 5th June 2024 at a special event held in New Delhi.
• The foundation day event was held under the theme "Positioning Bharat as a Tech Product Nation".
• STPI launched two new web portals, SayujNet, a networking and resource discovery platform, and
STPI-Workspace, an STPl Workspace portal, to strengthen the tech startup ecosystem in terms of
networking and affordable incubation space in India.
• STPI also announced its new initiative under the brand name "Ananta", to develop a strong cloud
network made by Indians for Indians
• STPI was founded on 5th June 1991.
76. Per capita cereal consumption below 10 kg in rural areas in 2022-23: Survey
• Report: The Household Consumption Expenditure Survey (HCES)
• Released by: The Ministry of Statistics and Programme Implementation (MoSPI)
• Highlights:
• The monthly per capita cereal consumption in rural areas stood below 10 kg in 2022-23.
• The consumption of cereals in rural households declined to 9.61 kg in 2022-23 from 11.23 kg in
2011-12
• While in urban households, it declined to 8.05 kg from 9.32 kg over the same period.
• The data shows that consumption of cereals in rural areas was highest in West Bengal (11.23 kg),
followed by Odisha (11.21 kg), Bihar (11.14 kg), Rajasthan (10.55 kg) and Chhattisgarh (10.27 kg).
• Among urban areas, people in Bihar consumed the highest (10.45 kg) of cereals, followed by
Chhattisgarh (10.43 kg), Jharkhand (9.59 kg) and Rajasthan (9.50 kg).
• Among the cereals, the share of rice in rural areas stood at 55.35 per cent, followed by (40.93 per
cent) and coarse grain (3.48 per cent). Similarly, in urban areas, the share of rice in cereal
consumption stood at 53.20 per cent, followed by wheat (44.53 per cent) and coarse grains (2.09
per cent).
77. Secy MeitY Inaugurates Indigenous Air Quality Monitoring System
• Inauguration of: Indigenous Air Quality Monitoring System (AQ-AIMS) and Air- Pravah App
• Launched by: Secretary, Electronics and IT Ministry, S. Krishnan
• Date: World Environment Day
• Developed under MeitY supported technologies
• The AQ-AIMS comes with the mobile application named “Air-Pravah” for real-time Air Quality Index
monitoring.
• It offers quick setup, real-time data visualization, unit conversions, AQI comparison, multi-device
support, data analysis tools, remote monitoring and automatic updates.
• RIL to Build Global Economic Hub in Navi Mumbai
• Reliance Industries Limited (RIL) is set to develop a global economic hub in Navi Mumbai.
• Secured sub-leases on approximately 3,750 acres of land for Rs 13,400 crore.

YesMagazine
• The lease spans 43 years and stems from a memorandum of understanding signed with the
Maharashtra government in 2018.
78. PM launches ‘Ek Ped Maa Ke Naam’ Campaign
• Prime Minister Narendra Modi launched the ‘Ek Ped Maa Ke Naam’ campaign.
• Aim: To commemorate the World Environment Day.
• He planted a Peepal tree sapling at Buddha Jayanti Park in Delhi.
• He was accompanied by Union Environment Minister Bhupender Yadav and Delhi’s Lieutenant
Governor Vinai Kumar Saxena.
79. India unveils $500 bn investment opportunities in clean energy by 2030
• Event: Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum
• Location: Singapore
• Represented by: Commerce Secretary Sunil Barthwal
• India offers huge investment opportunities worth over $500 billion, particularly in clean energy
value chain including renewables, green hydrogen and EV, by 2030.
• The 14-member IPEF bloc was launched jointly by the US and other partner countries of the Indo-
Pacific region on May 23, 2022, in Tokyo.
• Together, they account for 40 per cent of the world's economic output and 28 per cent of trade.
• Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New
Zealand, Philippines, Singapore, Thailand, the US, and Vietnam are members of the bloc.
80. India to spend up to $385 bln to meet renewable energy target
• Report by: Moody's
• India will have to invest as much as $385 billion to meet its target of 500 gigawatts (GW) of
renewable energy by 2030
• Coal will remain a key source of electricity generation for the next decade.
• India, a major greenhouse gas emitter, has said it aims to ramp up non-fossil fuel capacity set by 50
GW each year to help meet its 500 GW target.
• It missed its target of 175 GW by 2022.
• Moody's estimates an annual capacity addition of around 44 GW will help achieve that target.
• For that, India will have to spend $190 billion to $215 billion on capacity over the next six to seven
years and another $150 billion to $170 billion for transmission and distribution, the credit ratings
agency estimates.
81. India, US, Japan, South Korea & EU Launch Biopharmaceutical Alliance
• Name of alliance: Biopharmaceutical Alliance
• Launched by: India, South Korea, Japan, the US, and the European Union
• Aim: To put joint efforts to build a resilient supply chain in the biopharmaceutical sector
• Announcement: The announcement was made at the inaugural meeting of the Biopharmaceutical
Alliance, held in San Diego, California, during the Bio International Convention 2024, the world’s
largest biopharmaceutical exhibition.
• They recognised the production of essential raw materials and ingredients is concentrated in a few
countries and agreed to work together to build a detailed pharmaceutical supply chain map.

YesMagazine
• The alliance was launched in response to the drug supply shortages experienced during the Covid-
19 pandemic.
82. 3rd Indian Analytical Congress being held at CSIR-IIP Dehradun
• Summit: 3rd Indian Analytical Congress
• Location: Uttarkhand's capital, Dehradun
• Date: 5 -7 June 2024
• Theme: Role of Science and Technology in Green Transitions
• Inaugurated by the Vice-Chancellor of Ladakh University, Prof. S.K. Mehta
• The conference aims to provide a platform for analytical scientists, technologists, academics, and
students to exchange ideas and discuss the latest developments in this field.
• The Indian Analytical Congress is an international conference organised by the Council of Scientific
and Industrial Research-Indian Institute of Petroleum (CSIR-IIP) and the Indian Society of Analytical
Scientists (ISAS-Delhi Chapter).
83. India Makes Grand Impression at INDEX Dubai 2024
• The 31st edition of INDEX Dubai, a leading international exhibition for interior design, kicked off at
the Dubai World Trade Center.
• The India Pavilion, a highlight of the event, showcases a diverse range of products from Indian
companies specializing in home decor, textiles and furniture.
• 62 Indian exporters, brought together by the Export Promotion Council for Handicrafts (EPCH),
Cotton Textile Export Promotion Council (Texprocil) and Manmade and Technical Textiles Export
Promotion Council (MATEXIL), are displaying their latest creations at the pavilion.
84. MeitY in Collaboration with UNESCO Host National Workshop on Safe, Trusted, Ethical AI
• Collab between: Ministry of Electronics and Information Technology and UNESCO South Asia
Regional Office
• Hosted: Workshop on Safe, Trusted and Ethical Artificial Intelligence
• Location: New Delhi
• Date: 5th June 2024
• Aim: To build a safe and trusted AI which will not result in user harm and will ensure a framework
that will promote innovation is necessary.
85. India participates in ITU's WSIS+20 Forum High-Level Event
• Event name: WSIS+20 (World Summit on the Information Society) Forum High-Level Event 2024
and ‘AI for Good’ Global Summit
• Date: 27 to 31 May 2024
• Co-organized by ITU, UNESCO, UNDP and UNCTAD and co-hosted by ITU and the Swiss
Confederation
• India took over the baton of hosting WTSA 2024 in New Delhi from 15-24 October 2024 during the
AI for Good Global Summit at ITU Geneva.
86. India Created World Record with 64.2 crore People Voting in Lok Sabha Poll
• Context: Over 68,000 monitoring teams and 1.5 crore polling and security personnel were involved
in the world’s largest electoral exercise.

YesMagazine
• Informed by: Election Commission of India

• India created a world record with 64.2 crore voters, including 31.2 crore women, participating in
the Lok Sabha Election 2024.
• The number is 1.5 times of the voters of all G7 countries – US, UK, France, Germany, Italy, Japan and
Canada
• In this Lok Sabha polls, 31.2 crore women voters cast their votes which is also the highest ever in
the world
• Only 39 repolling were conducted in this election unlike 540 repolling in 2019 General Election
• Over 68 thousand monitoring teams and 1.5 crore polling and security personnel were involved in
the electoral exercise.
• Jammu and Kashmir recorded their highest turnout in four decades, with an overall turnout of 58.58
per cent and 51.05 per cent in the Valley.
87. IndiGo to host IATA annual meeting in Delhi next year
• Name of event: Annual General Meeting (AGM) of the trade association of airlines —International
Air Transport Association (IATA)
• Hosted by: IndiGo
• Date: June 8-10, 2025
• Location: Delhi
• India had last hosted the IATA AGM, a marquee global annual aviation event, over four decades ago
in 1983.
• Prior to that, India had hosted the meeting in 1958.
88. SJVN's 900 MW project in Nepal to start power generation from 2025
• Context: SJVN's under-construction 900 MW Arun-3 hydro-electric project in Nepal to start power
generation from 2025
• Location: Sankhuwasabha district of Nepal
• The power from the project will be exported from Dhalkebar in Nepal to Muzaffarpur in India.
• This will not only provide surplus power to India but also strengthen the economic linkages with
Nepal.
• The Arun-3 Hydro Electric project (900 MW) is a run-of-river located on Arun River in Eastern
Nepal.
89. IIT Dharwad Unveils Innovative Fire Rescue Drone
• Launch of: Fire Rescue Drone
• Launched by: IIT Dharwad
• Team lead by Sudheer Siddapureddy and Ameer Mulla
• The drone is designed to be able to fly through small rooms and high
temperatures, which is important for fighting fires in complicated
places
• The Fire and Thermal Research Laboratory (FTRL) made important contributions, such as making
sensors that can survive soot and making protective shields that are flexible after a lot of fire testing.
90. Tata Motors Fin to merge with Tata Capital via NCLT scheme of arrangement

YesMagazine
• Merge of: Tata Motors Fin and Tata Capital

• Route: Through an NCLT (National Company Law Tribunal) scheme of arrangement
• Tata Capital (TCL) will issue its equity shares to the shareholders of Tata Motors Finance (TMFL),
resulting in the automobile company effectively holding a 4.7% stake in the merged entity.
• Tata Motors will hold the stake indirectly through its 100 per cent subsidiary TMF Holdings Limited,
an RBI (Reserve Bank of India) registered non-banking finance company-core investment company
(NBFC-CIC).
92. Neurosurgery department at TMC procured a state-of-the art, iUS machine
• The Neurosurgery department at Tata Memorial Centre (TMC), Mumbai, recently procured a state-
of-the art intraoperative Ultrasound (iUS) machine.
• Aim: For performing complex brain tumour surgeries.
• The neurosurgery team at Tata Memorial Centre, led by Dr Aliasgar Moiyadi.
• iUS is cost -efficient and with appropriate training, can become an important adjunct in the
neurosurgeon’s armamentarium.
• The bKActiv machine, which was recently acquired by the department is the first installation of this
advanced iUS system in the country.
93. Centre Launches New Mobile Number Series for Service, Transactional Calls
• Context: The Centre has introduced a new numbering series, 160xxxxxxx, for service and
transactional calls to help citizens identify legitimate calls and reduce unsolicited telemarketing
calls.
• Aim: To help citizens easily identify legitimate calls and curb unsolicited voice calls from
telemarketers using 10-digit mobile numbers.
• Currently, the 140xxxxxxx series is allocated to telemarketers for promotional, service, and
transactional calls.
• Implementation:
• Telecom Service Providers (TSP) are required to ensure thorough verification of each entity before
assigning a number from the 160 series.
• Entities must use these numbers solely for service and transactional calls.
• For example, calls from financial entities such as RBI, SEBI, PFRDA, and IRDA will start from 1601.
• Purpose:
• The introduction of the 160 series aims to prevent fraudsters from deceiving consumers using
regular 10-digit numbers and ensure that important calls are not missed.
94. FSSAI directs FBOs to remove claim of 100% Fruit Juices from the label and advertisement of
fruit juices
• Directive: All Food Business Operators (FBOs) to remove any claim of ‘100% fruit juices’ from the
labels and advertisements of reconstituted fruit juices with an immediate effect.
• Directive issued by: Food Safety and Standards Authority of India (FSSAI)
• All the FBOs have also been instructed to exhaust all existing pre-printed packaging materials before
1st September 2024.
• According to the Food Safety and Standards (Advertising and Claims) Regulations, 2018, there is no
provision for making a ‘100%’ claim.

YesMagazine
• Such claims are misleading, particularly under conditions where the major ingredient of the fruit
juice is water and the primary ingredient, for which the claim is made, is present only in limited
concentrations, or when the fruit juice is reconstituted using water and fruit concentrates or pulp.
• Additionally, if added nutritive sweeteners exceed 15 gm/kg, the product must be labelled as
‘Sweetened juice’.
95. Supreme Court Reconstitutes Gender Sensitisation Committee
• The Supreme Court of India has reconstituted its Gender Sensitisation and Internal Complaints
Committee, appointing Justice Hima Kohli as Chairperson and Justice BV Nagarathna as a Member.
• In accordance with the Gender Sensitisation and Sexual Harassment regulations of 2013.
96. Adani International Ports secures 30-year concession to operate Dar es Salaam Port
• Adani Ports secures a 30-year concession agreement with the Tanzania Ports Authority to operate
Container Terminal 2 (CT2) at Dar es Salaam Port, marking its third international port.
• Through its subsidiary, Adani International Ports Holdings Pte Ltd, APSEZ will manage CT2 in
partnership with Abu Dhabi Ports Group and East Harbour Terminals Ltd.
97. India successfully concludes hosting of ATCM-46 and CEP-26
• India successfully concluded hosting of the 46th Antarctic Treaty Consultative Meeting (ATCM-46)
and the 26th Committee on Environmental Protection (CEP-26)
• Date: May 20th to May 30th, 2024
• Location: Kochi, Kerala
• The ATCM-46 was held with the overarching theme of Vasudhaiva Kutumbakam, a Sanskrit phrase
that means one Earth, one family, one future.
• Hosted by the Ministry of Earth Sciences, through the National Centre for Polar and Ocean Research
(NCPOR), Goa, with support from the Antarctic Treaty Secretariat headquartered in Argentina
98. SpiceJet launches sign language programme for cabin crew
• SpiceJet announced launching a customised sign language programme for its cabin crew.
• Aim: To help passengers with hearing impairments.
• The training will enable the airline's crew to communicate with passengers with hearing loss during
their travels
• SpiceJet trainers and cabin crew have received basic sign language training with the help of the
Noida Deaf Society
• May 31 is observed as International Cabin Crew Day globally.

YesMagazine
International
1. World Bank approves additional USD 1 bn loan for hydropower project in Pakistan
• Context: The World Bank has approved an additional loan of USD 1 billion for Dasu hydropower
project in Pakistan.
• Location: Khyber Pakhtunkhwa province
• This hydropower project is backed by China.
• This constitutes the third major financing by the global lender for the project:
• Earlier secured USD 588.4 million for preparatory works
• An additional USD 700 million for constructing the
transmission line to transmit electricity from the
project
• Upon completion, the hydropower plant will have an
installed capacity of 4,320–5,400 MW.
• DHP-I is an essential project in Pakistan's efforts to
reverse its dependence on fossil fuels and reach 60 per
cent renewable energy by 2031.
• Note: China Gezhouba Group Company (CGGC) serves
as the contractor for the Dasu Hydropower Project.
2. Nvidia becomes world's most valuable company

• Nvidia became the world's most valuable company
• Reason: As its chips continue to play a central role in a race to dominate the market for artificial
intelligence.
• Shares of the chipmaker climbed 3.2% to $135.21, lifting its market capitalization to $3.326 trillion.
• Apple to become the second most valuable company.
3. Bangladesh Receives 1.15 Billion Dollars from IMF
• Bangladesh received 1.15 billion dollars from the International Monetary Fund (IMF).
• It marking the third tranche of a 4.7 billion dollars loan package.
• Besides the IMF funds, Bangladesh also received around 900 million dollars from other sources
including the International Bank for Reconstruction and Development (IBRD).
• The gross forex reserve of Bangladesh will be around 26 billion dollars.
• The IMF approved the first tranche of the loan package on January 30, 2023, with Bangladesh
receiving 447.8 million dollars on 2nd February, 2023.
• The entire IMF loan will be disbursed to Bangladesh in seven installments over three and a half
years, concluding in 2026.

YesMagazine
4. Ukraine Launches World’s 1st Unmanned Systems Forces

• Launch of: World’s 1st Unmanned Systems Forces (UFS)
• Launched by: Ukraine
• Aim: To advance the capabilities of unmanned and robotic warfare across air, sea, and ground
domains.
5. NATO invests $1.1 billion in AI, Robotics, Space Tech

• Set up: Innovation fund
• Agency: North Atlantic Treaty Organization (NATO)
• Investment amount: $1.1 billion
• Investment area: AI, Robotics, Space Tech (defense and security technology)
• 1This fund was announced in 2022 (Russia-Ukraine War)
• 24 of the 32 countries that are part of NATO support the NATO Innovation Fund (NIF).
• This includes new members like Finland and Sweden.
• About NATO:
o Founded on: April 4, 1949
o Founded by: 12 countries
o The United States, Canada, the United Kingdom, France, Italy, Belgium, the Netherlands,
Luxembourg, Norway, Denmark, Portugal, and Iceland.
o New members: Sweden became NATO's newest member (7 March 2024)
o Total members: 32
6. Thailand to become third Asian country to legalize same-sex marriage

• Context: The Thai Senate (the upper house of Thailand’s National Assembly) passed the Marriage
Equality Bill on June 18, 2024
• Favour vote: 130
• Abstain vote: 18
• Against vote: 4
• With this, Thailand became the first country in Southeast Asia, and third in Asia after Nepal and
Taiwan, to legalize same-sex marriage.
• The new legislation changes references to “men”, “women”, “husbands” and “wives” in Thai
marriage laws to gender-neutral terms such as “spouse” and “person”.
7. Ancient Pearl City Tu’am Discovered in UAE

• Discovery of: Remains of the old city of Tu’am
• Country: Siniyah Island, The UAE
• Excavations recently done in Umm al-Quwain by the Italian Archaeological Mission have found old
homes that make the case for Siniyah Island as the real site of Tu’am much stronger.

YesMagazine
8. US Designates Kenya As Major Non-NATO Ally

• The United States of America (USA) has designated Kenya as its major non-NATO ally (MNNA).
• Under US law, it provides foreign partners with certain benefits in the areas of defence trade and
security cooperation.
• While the MNNA status provides military and economic privileges, it does not entail any security
commitments to the designated country.
9. Tajikistan Government Bans Hijab and Other ‘Alien Garments’
• Ban on: Hijab and Other ‘Alien Garments’
• Banned by: Tajikistan Government
• Reason: To promote traditional attire
• The law includes significant fines for violations:
o Individuals: Up to 7,920 somonis
o Companies: Up to 39,500 somonis
o Government Officials: Up to 54,000 somonis
o Religious Leaders: Up to 57,600 somonis
10. Hungary Unveils 700-Metre Pedestrian ‘Bridge of National Unity’
• Launch of: 700-Metre Pedestrian ‘Bridge of National Unity’

• Place: Satoraljaujhely, Hungary
• The Bridge of National Unity is one of the longest bridges in the world.
• About Bridge of National Unity:
• Cable-stayed bridge (supported by six cable ropes)
• Long: 700 (The Czech Dolni Morava bridge stretches
721 metres.)
• Cost: Four billion HUF [10 million euros], financed
from the national budget.
• No European Union funds were used.
• The bridge is expected to boost tourism in
northeastern Hungary bordering Slovakia.
• The entrance price is 5,000 HUF [12 euros] per
person.
11. UN Report: Global Public Debt Reached a Record of USD 97 Trillion in 2023
• Report title: A World of Debt 2024: A Growing_Burden to Global Prosperity
• Released by: The United Nations (UN)
• The global public debt (both domestic and external borrowing by governments) has reached USD
97 trillion in 2023, an increase of USD 5.6 trillion compared to 2022.

YesMagazine
• Developing countries account for 30% of the total global debt, with their debt growth rate doubling
that of developed nations.
• The report was prepared by the Global Crisis Response Group technical team at the UN Trade and
Development (UNCTAD), under the leadership of Secretary-General Rebeca Grynspan.
12. Peru & Slovakia Becomes the 41st and 42nd Signatories to the Artemis Accords
• Peru and Slovakia officially became the 41st and 42nd nation to sign the National Aeronautics and
Space Administration (NASA)'s 'Artemis Accords'
• It establish a practical set of guidelines for peaceful space exploration and use of outer space.
• Note:
• On 19th April 2024, Slovenia became the 39th country to sign the Artemis Accords during a US-
Slovenia strategic dialogue in Ljubljana, Slovenia.
• On 15th May 2024 (in conjunction with Vilnius Space Days), Lithuania became the 40th nation to
sign the NASA's Artemis Accords.
13. VSP in top 20 of World Bank CPPI
• Index: Container Port Performance Index (CPPI)
• Published by: World Bank
• Developed by: World Bank & S&P Global
• Focus: Exclusively on quayside performance measuring the operational efficiency of how ports
receive and handle container ships.
• Topped by:
o Yangshan Port (China); second consecutive year
o Port of Salalah (Oman)
o Port of Cartagena (Colombia)
o Tanger-Mediterranean (Morocco)
o Tanjung Pelepas Port (Malaysia)
• Note: Visakhapatnam Port (India) achieves the 19th position
• Operated by J M Baxi Ports & Logistics
14. India Welcomes Egypt, Iran, UAE, Saudi Arabia and Ethiopia Joining BRICS
• New Joiners of BRICS: Egypt, Iran, UAE, Saudi Arabia and Ethiopia
• Status: Full-fledged members
• BRICS summit is currently hosted by Russia.
• Russia took over the year-long chairmanship of BRICS on January 1, 2024.
• What is BRICS?
• BRICS is an acronym for the grouping of the world’s leading emerging economies, namely Brazil,
Russia, India, China, and South Africa.
• In 2001, the British Economist Jim O’Neill coined the term BRIC to describe the four emerging
economies of Brazil, Russia, India, and China.
• The grouping was formalized during the first meeting of BRIC Foreign Ministers in 2006.
• South Africa was invited to join BRIC in December 2010, after which the group adopted the acronym
BRICS.

YesMagazine
• The Johannesburg declaration,2023 issued after the summit, said Argentina, Egypt, Ethiopia, Iran,
Saudi Arabia and the United Arab Emirates (UAE) had been invited to become full members from
January 1, 2024.
15. BRICS ministers reiterated their support for PAROS
• The BRICS Ministers of Foreign Affairs/International Relations met on 10 June 2024 in Nizhny
Novgorod, Russian Federation.
• They exchanged views on global issues.
• During their meeting in Russia, BRICS ministers reaffirmed their commitment to ensuring the long-
term sustainability of outer space activities and preventing an arms race in outer space (PAROS)
and its weaponisation.
• What is Prevention of an Arms Race in Outer Space (PAROS)?
• The concept of preventing an arms race in outer space originated in the 1950s.
• Aim: To prohibit the use of space for military purposes and the placement of weapons of mass
destruction in space.
• The Outer Space Treaty, which came into force in 1967, prohibits the placement of nuclear weapons
or other weapons of mass destruction in space and their stationing on celestial bodies.
• It addresses concerns about the potential militarization and weaponisation of space, which could
lead to an arms race and destabilize global security.
16. Taj becomes world's strongest hotel brand
• Report by: Brand Finance report titled Hotels 50 2024
• Taj Hotels (India) has become the world’s strongest hotel brand on the back of rapid revenue
growth.
• The brand has been recognised as the world’s second fastest-growing brand, after Sheraton’s Four
Points.
• Taj’s brand value soared to $545 million.
• Meanwhile, Hilton, with a brand value of $11.6 billion, continued to hold its position as the world’s
most valuable hotel brand for the ninth consecutive year.
17. Apple becomes the first $1 trillion global brand
• Report by: Kantar's BrandZ ranking
• Apple is now the first brand ever to be worth more than $1 trillion.
• Apple remains the world's most valuable brand for the third year in a row.
• Followed by Alphabet’s Google ($753 billion) and Microsoft ($713 billion)
• With a market capitalization of $3.18 trillion, Apple was just behind Microsoft at $3.22 trillion, and
ahead of AI chip powerhouse Nvidia, opens new tab at $2.97 trillion.
18. Oxford University Agrees to Return Stolen 500-Year-Old Bronze Idol to India
• Context: Oxford University's Ashmolean Museum is returning a 16th-century bronze sculpture of
Saint Tirumankai Alvar to India following a formal request.
• About sculpture of Saint Tirumankai Alvar:
• 60cm-tall statue
• It is believed to have been stolen from a temple in Tamil Nadu.

YesMagazine
• It was acquired by the museum in 1967 from Sotheby’s auction house.

• The decision comes after an independent researcher alerted the museum to the statue’s origins,
prompting the museum to notify the Indian High Commission.
• This decision follows a trend of returning stolen Indian artefacts from the UK to India.
• Recent instances include the restoration of a limestone carved relief sculpture and a “Navaneetha
Krishna” bronze sculpture, both originating from Indian states, through joint US-UK investigations
involving Scotland Yard’s Art and Antiques Unit.
19. Clean Energy Spending Will Surpass $2 Trillion in 2024-25
• Report Title: World Investment Report 2024
• Report by: International Energy Agency (IEA)
• Highlights:
• Global investment in clean energy technology and infrastructure is expected to achieve USD 2
trillion in 2024 which is twice the amount going to fossil fuels.
• Clean energy technologies will receive investments from pool of USD 2 trillion
• The report projected that total energy investment will breach the mark of USD 3 trillion for the 1st
time in 2024.
• China with an estimated investment of USD 675 billion will account for the largest shar of clean
energy investment in 2024, followed by Europe and the United States of America (U.S.A.) with
estimated investment of USD 370 billion and USD 315 billion respectively.
• Global upstream oil and gas investment is expected to grow by 7% in 2024 to USD 570 billion,
following a similar rise in 2023.
20. Nokia makes world's first immersive voice and audio call
• Nokia made a phone call using a new technology called "immersive audio and video".
• It improves the quality of a call with three-dimensional sound, making interactions more lifelike.
21. PM Modi to participate in the G7 Summit
• G7 Summit location: Italy
• Participated by: Indian Prime Minister Narendra Modi
• This will be India’s 11th participation in the G7 Summit and Prime Minister Narendra Modi’s fifth
consecutive participation in the Summit
• On 14th June, the Prime Minister will participate in the Outreach Session.
• The G7 Summit will be held from 13 to 15 June in Borgo Egnazia, in the Itria Valley, in Puglia.
• This is the seventh time that Italy hosts the G7.
• It has previously been held twice in Venice (1980, 1987), Naples (1994), Genoa (2001), L’Aquila
(2009) and Taormina (2017).
22. Global Gender Gap Index 2024 released
• Index: Global Gender Gap Index
• Released by: World Economic Forum
• Topped by: Iceland (15th consecutive year and the only country to have closed 93.5% of its gender
gap)

YesMagazine
• It was followed in the top 10 by Finland, Norway, New Zealand, Sweden, Nicaragua, Germany,
Namibia, Ireland and Spain.
• Europe continues to lead on a regional level, with a gender parity score of 75%, slightly ahead of
North America, where 74.8% of the gap is closed.
• India has slipped two places to the 129th position, while Iceland retained its top spot.
• Within South Asia, India ranked fifth after Bangladesh, Nepal, Sri Lanka, and Bhutan, with Pakistan
ranked last.
• India’s overall gender gap closure stands at 64.1 per cent in 2024, a slight decline from 64.2 per cent
last year
23. Pixxel, Sarvam AI among 10 Indian startups in WEF's Tech Pioneers list
• List prepared by: World Economic Forum's Technology Pioneers 2024
• There are nine space companies, including Pixxel from India, four neurotechnology startups, and
four working in the area of clean technology, including Amperehour and International Battery
Company from India.
• Ten Indian startups including Pixxel, Niramai and Sarvam AI have made to the World Economic
Forum's Technology Pioneers 2024 list
• Those having been named on the list in the past include tech giants like Airbnb, Google, Kickstarter
and Spotify.
• Niramai is developing a novel AI-based test for detecting early-stage breast cancer, which is
affordable, portable and non-invasive.
• Pixxel is developing hyperspectral satellite imagery to capture geospatial data, while Sarvam AI is
building foundation AI models and platforms for their use with a focus on Indian languages and use
cases.
24. Kathmandu to Host International Tourism Fair From June 14
• Name of Event: International Tourism Fair
• Location: Kathmandu, Nepal
• Date: June 14
• Aim: To promote global tourism, sustainable development, and cultural
exchange
• Participating countries: 16 (Nepal, India, Korea, Taiwan, Singapore, the
Maldives, the USA, the Netherlands, Sri Lanka, China, Thailand, Dubai,
Bangladesh, Vietnam, Malaysia, and Bhutan)
25. Global Peace Index 2024 released
• Published by: Institute for Economics & Peace (IEP)
• Evaluating 163 independent states and territories
• Findings:
• Global Peace Deterioration:
• The average level of global peacefulness deteriorated by 0.56% in 2024.
• This marks the fifth consecutive year of declining peacefulness.
• Most Peaceful Countries:
o Iceland remains the most peaceful country, a position it has held since 2008

YesMagazine
o Followed by Ireland, Austria, New Zealand, and Singapore.

• Least Peaceful Countries:
o Yemen is now the least peaceful country,
o Followed by Sudan, South Sudan, Afghanistan, and Ukraine.
• India's ranking: 116
26. Gavi Supports Rabies Vaccines for Global Eradication Efforts
• Context: Gavi, the Vaccine Alliance, increased its support to include rabies vaccines for humans in
regular immunization programs, focusing on post-exposure prophylaxis (PEP).
• Aim: To intensify efforts worldwide to fight rabies, especially in areas where the disease is most
common.
• The support for vaccines is in line with the Zero by 30 campaign, which is being led by United
Against Rabies and aims to get rid of rabies spread by
dogs in humans by 2030.
• GAVI:
• It refers to Global Alliance for Vaccines and
Immunization (Gavi)
• Created in 2000
• Aim: To help children in the world’s poorest countries
get new vaccines that aren’t being used enough
• WHO, UNICEF and the World Bank are some of the public and private organizations that work with
Gavi to help it do its job better.
27. Climate Conference in November to emphasis ‘Peace and Truce’

• The 2024 UN Climate Change Conference (UNFCCC COP 29) will convene in November 2024 in
Baku, Azerbaijan.
• The annual climate conference will lay particular stress on “Peace” and “Truce”.
• Aim: To enable countries to focus on climate solution amid ongoing conflicts.
• This event will include:
28. Global temperature may briefly cross 1.5 degree C threshold by 2028: UN
• The United Nations’ World Meteorological Organisation (WMO) warned about the extreme
likelihood of the global temperature temporarily exceeding the 1.5 degree Celsius threshold
between the years 2024 and 2028.
• The global mean near-surface temperature for each year between 2024 and 2028 is predicted to be
between 1.1 degree Celsius and 1.9 degree Celsius higher than the 1850-1900 baseline
• What is 1.5 degree Celsius threshold?
• It refers to a key goal of the Paris Agreement/
• It is an international climate change agreement adopted in 2015.
• Aims to limit global warming to well below 2 degrees Celsius above pre-industrial levels, with 1.5
degrees Celsius being the lower limit of this goal.
• What happens when global temperature touches 1.5 degree Celsius?

YesMagazine
• The 1.5 degrees threshold for global warming has serious implications.
• It is including ‘ice-less summers’ in the Arctic Ocean once per century.
• It will impact on six million people due to sea-level rise in coastal areas by the end of this century,
grave threat to ecosystems such as insects, vital pollinators, unusual droughts, flooding around the
world among others
29. Pakistan, Panama, Somalia, Greece elected as UNSC non-permanent members
• Pakistan, Somalia, Denmark, Greece and Panama were elected as non-permanent members of the
UN Security Council for a two-year term beginning 2025.
• 2-year term starting on January 1, 2025, until December 31, 2026.
• Replace Ecuador, Japan, Malta, Mozambique and Switzerland
• Five permanent members: China, France, Russian Federation, the United Kingdom, and the United
States.
30. King Charles III currency notes introduced in UK
• The Bank of England is replacing old banknotes featuring Queen Elizabeth with new ones featuring
King Charles III.
• People can exchange their old notes for new ones until June 30, with a limit of £300.
• The portrait of the 75-year-old British monarch will appear on existing designs of all four
banknotes-GBP 5, 10, 20 and 50- with no other changes to the existing designs.
• Polymer banknotes that feature the portrait of his late mother, Queen Elizabeth II, will remain legal
tender and co-circulate alongside the new King Charles III notes.
31. Nvidia overtakes Apple as world's No. 2 most valuable company
• Nvidia's stock hits record high, surpassing Apple to become second most valuable company at $3
trillion.
• Microsoft, based in Redmond, Washington, remained the world's most valuable company with a
market value of $3.14 trillion as its shares climbed 1.5%.
• Nvidia CEO: Jensen Huang
32. Slovenia Recognizes Palestinian State
• Context: Slovenia legally recognized Palestine as a sovereign state on June 4, 2024.
• Slovenia parliament has voted 52 votes in favor
• Earlier, Spain, Norway, and Ireland have recently recognized Palestine.
• On January 15, 2011, Slovenia officially accepted Palestine as a separate country.
33. QS World University Rankings 2025 released
• Highlights:
• Globally, the Massachusetts Institute of Technology (MIT) retained the ‘best institute in the world’
position for the 13th time this year.
• 61% of Indian universities’ ranking has improved.
• In India, IIT Bombay gaining the top spot.
• Climbed from 149 in 2024 to 118 in the 2025 rankings
• IIT Delhi climbed from 197 last year to 150
• IISc jumped from 225 to 211.

YesMagazine
• Indian Institute of Technology Kharagpur (IIT-KGP) went from 271 to 222 this time.
• IIT Madras which climbed 58 ranks (285 to 227) this year.
• IIT Kanpur climbed from 278 to 263 this year.
• The Indian Higher Education system is the seventh most represented globally and the third in Asia,
trailing only Japan (49 universities) and China (Mainland) (71 universities).
34. India Takes Australia to WTO Arbitration Over Trade Changes
• Context: India started a dispute case against Australia at the World Trade Organization (WTO).
• Reason: The disagreement is about changes Australia is making to its promises that might affect
India’s trade in services.
• The changes include standards for licenses and qualifications that are meant to lessen the effects of
trade barriers.
• About 70 countries will be affected by the new rules, which are expected to lower the costs of doing
business across borders by more than $125 billion.
35. KAZA Summit 2024 and Wildlife Product Trade
• Context: The 2024 Heads of State Summit for the Kavango-Zambezi Trans-Frontier Conservation
Area (KAZA-TFCA) took place in Livingstone, Zambia.
• Reason: To oppose the ivory trade ban at the CoP 20 of CITES.
• KAZA-TFCA initiative:
• Surrounding the Okavango and Zambezi river basins, KAZA-TFCA extends over five southern
African countries: Angola, Botswana, Namibia, Zambia, and Zimbabwe.
• With 85 forest reserves and 103 wildlife management areas, around 70% of the land in the Kazakh
Archipelago is protected.
• Around 2/3 of Africa’s elephant population, or 450,000, is found in this region.
• Notably, large chunks of this population are found in Botswana (132,000) and Zimbabwe (100,000)
alone.
36. Netherlands Emerges as India’s 3rd Largest Export Destination in 2023-24
• The Netherlands became India’s third-largest export market in the fiscal year 2023–24, after the US
and the UAE.
• Data by: Commerce Ministry
• India’s total exports of goods fell by 3%
• In 2022–23, it went from $27.58 billion to $27.34 billion, a small drop.
• The main areas of growth are petroleum products, electrical items, chemicals, and pharmaceuticals.
• Oil goods were the most important, with $14.29 billion worth of exports in the last fiscal year.
37. Nvidia unveils Rubin AI chip, set to come in 2026
• Launch of: Rubin AI chip
• Launched by: Nvidia (American Software company)
• Set to launch by: 2026
• Announced by: CEO Jensen Huang
• Rubin Platform:
• A new set of CPUs, GPUs, and networking processors will make up the Rubin platform.
• Aim: To make AI much more powerful.

YesMagazine
• The Versa CPU, which was made to improve AI applications, is an important addition.
• The platform will also have next-generation GPUs that use high-bandwidth memory technologies
from big names in the industry like Samsung, Micron, and SK Hynix.
38. Maldives Bans Entry to Israeli Passport Holders
• Context: Maldives government has imposed a ban on visitors with Israeli passports.
• Reason: Rising tensions and popular displeasure over recent events in Gaza
• Israeli airstrike that killed 45 people in a tent camp in Rafah that had been marked as a “safe zone.”
• Maldives government also initiated a national fundraising campaign for Palestinians and organizing
a solidarity rally named “Maldivians in Solidarity with Palestine”.
• Maldives had lifted a similar ban on Israeli tourists in the early 1990s, and in 2010, steps were taken
to restore formal ties.
39. Volvo to issue world's first EV battery passport ahead of EU regulations
• Context: Volvo Cars is launching the world's first EV battery passport recording the origins of raw
materials, components, recycled content and carbon footprint for its flagship EX90 SUV, which is
about to start production.
• The passport was developed by Volvo, which is owned by China's Geely, in partnership with UK
startup Circulor.
• It uses blockchain technology to map supply chains for companies, and took over five years to
develop.
• Battery passports will be mandatory for electric vehicles (EVs) sold in the European Union from
February 2027 showing the composition of batteries, including the origin of key materials, their
carbon footprint and recycled content.
• Volvo introducing the passport nearly three years before regulations
(EU) kick in was aimed at being transparent with car buyers as the
automaker targets producing only fully-electric cars by 2030.
40. Southern African countries launch Schengen-style visa
• Context: Southern African countries (Angola, Botswana, Namibia,
Zambia, and Zimbabwe) will soon allow entry into various countries in
Southern Africa, similar to Europe’s Schengen Visa.
• Aim: To make tourist movement easier, aiming to boost tourism arrivals.
• Officials from Angola, Botswana, Namibia, Zambia, and Zimbabwe—members of the Kavango-
Zambezi (KAZA) Transfrontier Conservation Area—pledged to broaden the use of the univisa.
• This special visa, currently utilised in Zambia and Zimbabwe for day trips to Botswana through
Kazungula, will now be extended.
• The KAZA univisa is similar to Europe’s Schengen Visa, which allows entry into multiple European
countries.
• The Schengen Area consists of 29 European nations that have abolished their internal borders to
facilitate free movement.
• Covering 4,718,084 km² and home to over 448 million people, it includes most European Union
(EU) countries, excluding Ireland and Cyprus, and non-EU members like Norway, Iceland,
Switzerland, and Lichtenstein.

YesMagazine
41. World Headed For 2.7° C Warming, Finance Deal Key: UN Climate Head
• The United Nations Climate head Simon Stiell has warned that the world is headed for 2.7 degrees
Celsius warming.
• The road to keeping it to 1.5 degrees Celsius is extremely steep.
• He was speaking at the Bonn Climate Change Conference in Germany.
• The Bonn meeting from June 3 to 13 is known as halfway to the annual climate summit, also known
as the 29th Conference of Parties, or COP29.
• It is expected to set the agenda for climate negotiations this year and will open discussions on a new
finance goal to replace the existing goal of 100 billion dollars per year.
• The new finance goal is meant to channel greater funds toward urgently needed climate action in
developing countries.
42. OpenAI Unveils ChatGPT Edu for Universities

• Launch of: ChatGPT Edu
• Launched by: OpenAI
• A more advanced version of its AI-powered robot designed
to work in school settings.
• Their newest technology (GPT-4o) is at the heart of this
project, which started on May 30.
• Aim: To make artificial intelligence easier to use in many
areas of a university, helping students, staff, researchers,
and operating systems.
• The University of Oxford, the Wharton School at the
University of Pennsylvania, and Arizona State University, have started to use OpenAI’s technology
in their classes and daily operations.
43. Samoa celebrated its 62nd Anniversary Of Independence Day
• India wishes Samoa the 62nd anniversary of its Independence Day on June 1, 2024
• On January 1, 1962, the country declared independence from New Zealand, becoming the first
Pacific island country to do so.
• The date was changed from January 1, 1962, to avoid the special celebration falling on New Year’s
Day
44. Mangroves in South India, Sri Lanka Labeled ‘Critically Endangered
• Context: Revised status of Mangroves in South India, Sri Lanka by IUCN
• Coastal mangroves in Tamil Nadu, Sri Lanka, and the Maldives were recently rated as “critically
endangered
• Tamil Nadu (India): The area of mangroves has grown from 23 square kilometres in 2001 to 45
square kilometres in 2021, according to the Indian State of Forest Report.
45. Russia to Remove Taliban from Terrorist List
• Russia will remove the Taliban from its list of banned terrorist organizations, following
Kazakhstan's recent decision.
• This move aims to acknowledge the Taliban's control in Afghanistan.

YesMagazine
• The Taliban has been designated a terrorist organization in Russia since 2003.
46. India Makes Contribution of 1.16 Million Dollars to the UN for Promotion of Hindi
• India has made a contribution of 1.16 million dollars to the United Nations for the promotion of
Hindi.
• India partnered with the UN’s Department of Global Communications (DGC) since 2018 when the
Hindi @ UN project was launched.
• Aim: To enhance the public outreach of the United Nations in the Hindi language, and to spread
greater awareness about global issues among millions of Hindi-speaking people around the world.
• There are six official languages of the UN.
• These are Arabic, Chinese, English, French, Russian and Spanish.
47. Denmark Set to Impose World’s First Carbon Tax on Gassy Cattle
• Denmark plans to implement a tax on livestock farmers starting in 2030
• First nation to do so.
• This initiative targets methane emissions from cows, sheep, and pigs, which are significant
contributors to global warming.
• The goal is to achieve a 70% reduction in Danish greenhouse gas emissions from 1990 levels by the
year 2030.
• From 2030, livestock farmers will be taxed 300 kroner ($43) per ton of carbon dioxide equivalent,
rising to 750 kroner ($108) by 2035.
48. Turkey Triumphs as FATF Grey List Status Revoked
• Turkey has been removed from the FATF 'grey list' after implementing significant reforms to
combat money laundering and terrorist financing.
• The decision was declared at the FATF plenary meeting in Singapore.
• Turkey had been placed on the grey list in 2021.
• In 2021, Turkey was downgraded to the grey list due to concerns over money laundering and
terrorist financing.
• Criticisms included Turkey’s support for terrorist groups, such as Hamas, and inadequate
supervision of various sectors susceptible to illicit financial activities.
49. Vienna tops the list of 10 best cities to live in the world
• Report by: Economist Intelligence Unit (EIU)
• Report Title: Global Liveability Index
• The index ranks the liveability of 173 cities across five key categories, including stability, healthcare,
culture and environment, education and infrastructure.
• Topped by: Vienna (3rd year in a row)
• Pakistan’s Karachi, and Bangladesh’s capital Dhaka are amongst the least liveable cities in the world
• The 9 best cities to live in the world:
o Vienna, Austria
o Copenhagen, Denmark
o Zurich, Switzerland
o Melbourne, Australia
o Calgary, Canada (tied with Geneva)

YesMagazine
o Geneva, Switzerland (tie)

o Sydney, Australia (tied with Vancouver)
o Vancouver, Canada (tie)
o Osaka, Japan (tied with Aukland)
o Auckland, New Zealand (tie)
• The 10 cities that featured at the bottom of the list:
o Caracas, Venezuela
o Kyiv, Ukraine
o Port Moresby, PNG
o Harare, Zimbabwe
o Dhaka, Bangladesh
o Karachi, Pakistan
o Lagos, Nigeria
o Algiers, Algeria
o Tripoli, Libya
o Damascus, Syria
50. Paraguay Becomes 100th Full Member Of The International Solar Alliance
• Paraguay has become the 100th country to join as full member of the International Solar Alliance.
• Paraguay handed over the Instrument of Ratification, during the meeting of Ambassador Fleming
Raul Duarte of Paraguay with Head of Depository, Joint Secretary in the Ministry, Abhishek Singh in
New Delhi.
51. US Designates Kenya As Major Non-NATO Ally
• The United States of America (USA) has designated Kenya as its major non-NATO ally (MNNA).
• Under US law, it provides foreign partners with certain benefits in the areas of defence trade and
security cooperation.
• While the MNNA status provides military and economic privileges, it does not entail any security
commitments to the designated country.
52. First International Dairy Federation Asia-Pacific Summit in Kochi
• Event: International Dairy Federation Asia-Pacific Summit
• Edition: First
• Date: June 26th to June 28th 2024
• Discussion on: New ideas and problems in the dairy industry
• Organized by: Union Ministry of Fisheries, Animal Husbandry and Dairying, National Dairy
Development Board (NDDB), and the International Dairy Federation (IDF)
• Union Minister of Fisheries, Animal Husbandry and Dairying: Rajiv Ranjan Singh
53. India To Host 64th ISO Council Meeting From June 25

• Name of Event: International Sugar Organisation (ISO) Council Meeting
• Edition: 64th
• Host by: India

YesMagazine

• Delegates from more than 30 countries and representatives of many international organisations
will participate.
• A workshop titled ‘Sugar and Biofuels – Emerging Vistas’ is also being organised at Bharat
Mandapam.
• Minister of Consumer Affairs, Food and Public Distribution and New and Renewable Energy,
Pralhad Joshi, Union will inaugurate the workshop.
• ISO Council nominated India as the Chair of the organisation for 2024 as India is the world’s largest
consumer and second-largest producer of sugar.
• Note: ISO has about 85 countries as members
54. Tajikistan Government Bans Hijab and Other ‘Alien Garments’
• Ban on: Hijab and Other ‘Alien Garments’
• Banned by: Tajikistan Government
• Reason: To promote traditional attire
• The law includes significant fines for violations:
o Individuals: Up to 7,920 somonis
o Companies: Up to 39,500 somonis
o Government Officials: Up to 54,000 somonis
o Religious Leaders: Up to 57,600 somonis
87. World’s Oldest Termite Mounds Discovered in Namaqualand
• The heuweltjies are old termite mounds that take up about 20% of the land.
• Location: Namaqualand, South Africa
• Claim: They are home to termites for the longest period, going back between 13,000 and 34,000
years.
88. 67th Global Environment Facility Council
• Location: Washington, DC, The USA
• Date: 17-20 June 2024
• Approved: A total of $736.4 million was approved to support 34 nature conservation and renewal
projects globally
• The GBFF gave $37.8 million to improve the management of protected areas in Brazil and Mexico.
• For India:
• $6.7 million project to improve the protection of biodiversity and grow protected places that is in
line with the Kunming-Montreal Global Biodiversity Framework.
• A $10.7 million plan to protect marshes, forests, and grasslands that are important for migrating
birds along the Central Asian Flyway.
India & the World

1. India’s EXIM Bank opens East Africa office

YesMagazine
• Context: The Export-Import Bank of India (India Exim Bank) has opened an East Africa
Representative Office.
• Location: Nairobi
• Aim: To enhance India's business presence in the region.
• This move is expected to boost trade and investment between India, Kenya, and East Africa.
• In 2022, Merchandise trade between India and East Africa has reached US$12.9 billion.
• India’s exports to East Africa went from USD 8.6 billion in 2013 to USD 9.4 billion in 2022.
• India Exim Bank plays a crucial role in financing India's international trade and investment and has
supported ventures in 14 African countries under its Overseas Investment Finance Programme.
2. India & UAE Forge New Path With Local Currency Settlement System
• Introduction of: Local Currency Settlement System (LCSS)
• between: India and the UAE
• Aim: To transform their economic relations
• This system allows transactions between the two nations to be conducted in their respective
domestic currencies—Indian Rupees and UAE Dirhams—thus reducing reliance on intermediary
currencies like the US Dollar.
• The LCSS promises to significantly cut transaction costs and settlement times, fostering a more
streamlined and efficient trade environment.
• The strategic implications of the LCSS extend beyond transactional efficiency to bolstering the
ambitious target of $100 billion in non-oil trade between India and the UAE by 2030.
3. Gold, silver import from UAE surges 210%, need duty revision in FTA
• Report by: Global Trade Research Initiative (GTRI)
• Findings:
• India's gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed
210% to $10.7 billion in 2023-24.
• This sharp rise in gold and silver imports is primarily driven by import duty concessions granted
by India to the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
• India allows 7 per cent tariffs or customs duty concessions on import of unlimited quantities of
silver and a 1 per cent concession on 160 metric tonnes of gold.
• Additionally, India facilitates gold and silver imports by allowing private firms to import from the
UAE through the India International Bullion Exchange (IIBX) in Gift City.
• Suggestion:
• There is a need to potentially revise the concessional customs duty rates under the pact.
• As increased imports contribute to a higher current account deficit and since gold and silver act
more like financial instruments than regular trade items, India should avoid including them in any
FTA.
• Note:

YesMagazine
• India announced the scheme for LDCs (least developed countries) in 2008.
• Under this, India provides duty free/preferential market access on about 98.2 per cent of India's
tariff lines (or product categories).
4. India to enter into bilateral Rupee swap agreements with SAARC countries: RBI
• Collab between: The Reserve Bank of India and South Asian Association for Regional Cooperation
(SAARC) countries
• Tenure: 2024 to 2027
• Aim: To fund short-term foreign exchange liquidity requirements or balance of payment crises
• Revised framework on currency swap arrangements
• SAARC nations: Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka
• As part of the revised framework for 2024-27, a separate Rupee Swap Window has been introduced
with various concessions for swap support in Indian Rupee.
• The total corpus of the Rupee support is Rs 250 billion
• The RBI will continue to offer swap arrangements in US dollar and Euro under a separate US
Dollar/Euro Swap Window with an overall corpus of US$ 2 billion.
• The arrangements came into force on November 15, 2012 to provide a backstop line of funding for
short-term foreign exchange liquidity requirements or balance of payment crises of the SAARC
countries till longer term arrangements are made.
5. India Makes Contribution Of 1.16 Million Dollars To The UN For Promotion Of Hindi
• India has made a contribution of 1.16 million dollars to the United Nations for the promotion of
Hindi.
• India partnered with the UN’s Department of Global Communications (DGC) since 2018 when the
Hindi @ UN project was launched.
• Aim: To enhance the public outreach of the United Nations in the Hindi language, and to spread
greater awareness about global issues among millions of Hindi-speaking people around the world.
• There are six official languages of the UN.
• These are Arabic, Chinese, English, French, Russian and Spanish.
Agreements & MoUs

1. DFS organises workshop in collaboration with Google on financial frauds

YesMagazine
• The Department of Financial Services (DFS) organised a workshop with Google on financial frauds,
emerging trends, and mitigation strategies.
• The deliberations covered recent trends of frauds, risk mitigation measures adopted by Google such
as Play Protect API innovations, and initiatives taken in participation with law enforcement
agencies, the Department of Telecom, and DFS, such as blocking suspicious numbers and
blacklisting fraudulent loan apps, etc.
2. CERT-In and Mastercard India Sign MoU

• MoU signed between: CERT-In and Mastercard India
• Reason: To enhance cybersecurity in India's financial sector through collaboration on incident
response, capacity building, and information sharing
• Aim: To leverage the shared expertise of both entities in cybersecurity incident response, capacity
building, and advanced malware analysis
• CERT-In:
• A government organization under the Ministry of Electronics and
Information Technology
• It serves as the national agency for incident response under Section 70B
of the Information Technology Act, 2000.
• It operates a 24×7 incident response help desk and provides incident
prevention, response services, and security quality management.
3. IPPB Partners with Ria Money Transfer to Revolutionize Rural
Remittance Services
• MoU signed between: India Post Payments Bank and Ria Money Transfer
• Aim: To offer innovative remittance services in rural India providing accessible,affordable and
secure doorstep financial services to remote areas.
• About IPPB:
• Established under the Department of Posts, Ministry of Communication
• 100% equity owned by the Government of India
• Launched on September 1, 2018
• Aim: To create the most accessible, affordable, and trusted bank for the common man
• MD & CEO of IPPB: R Viswesvaran
4. MEA and SBI Sign MoU to Enhance Digital Payments for Migrant Workers
• MoU signed between: Ministry of External Affairs (MEA) and State Bank of India (SBI)
• Reason: To integrate SBI’s payment gateway, SBIePay, with the eMigrate portal.
• Aim: To bolster digital payment services for Indian migrant workers, recruiting agents, and users of
the portal
• The MoU enables the use of SBIePay on the eMigrate portal, allowing users to pay emigration-
related fees conveniently.

YesMagazine
• Payment options include UPI, credit/debit cards, and NEFT through net banking, with zero
transaction charges for transactions made via these channels.
5. Kotak Life teams up with Mahindra Finance to offer life insurance to customers
• Partnership between: Kotak Mahindra Life Insurance Company Limited and Mahindra and
Mahindra Financial Services
• Reason: To offer life insurance to the latter's 10 million customers
• MD of Kotak Mahindra Life: Mahesh Balasubramanian
• MD & CEO of Mahindra Finance: Raul Rebello
6. MoM Signs MoU with Central TB Division To Collaborative On Tuberculosis Elimination by 2025
• The Ministry of Mines (MoM) has signed a Memorandum of Understanding (MoU) with Central
Tuberculosis (TB) Division of Ministry of Health & Family Welfare (MoHFW)
• Reason: For collaborative and convergent action towards elimination of TB in India by 2025.
• This partnership aims for collaborative field actions like webinars and other awareness building
initiatives under the National TB Elimination Programme (NTEP)
7. Adani Defence & Aerospace, UAE's EDGE sign defence cooperation agreement
• Agreement between: Adani Defence & Aerospace (India) and EDGE (UAE)
• Type: Defence cooperation agreement
• The agreement will create a global platform that utilises the defence and aerospace strengths of
both companies by combining product portfolios.
• The agreement will explore the establishment of research and development (R&D) facilities in India
and the UAE.
8. Andhra Chamber of Commerce inks pact with Atal Incubation Centre, Anna University
• Agreement between: Andhra Chamber of Commerce and Atal Incubation Centre, Anna University
• Aim: To boost the start-up ecosystem and aspiring entrepreneurs
• The strategic tie-up would help both the partners to leverage their strengths and reach out to a
wider audience with the Atal Incubation Centre, Anna University Incubation Foundation.
9. AVPL International, IIT Kanpur ink pact to produce drones for large-scale landholders
• MoUs between: AVPL International and the Indian Institute of Technology, Kanpur (IIT Kanpur)
• Aim: To produce drones equipped with advanced technology designed to address the challenges
faced by large-scale landholders in India, Australia, Austria, and multiple European nation
• AVPL International will be allocated a dedicated space within the Techno Park of IIT Kanpur for
innovation and collaboration.
10. IIT-M and NASA Study Pathogens on ISS
• Signed between: IIT Madras and NASA’s Jet Propulsion Laboratory (JPL)
• Reason: To study how bacteria that are resistant to multiple drugs behave on the International
Space Station (ISS)

YesMagazine
• Their research is mostly about Enterobacter bugandensis, which is known for making hospital
illnesses hard to get rid of, and how it has changed to survive in space
11. IGNCA Signs MoU With Sansad TV
• MoU signed between: IGNCA (Indira Gandhi National Centre for the Arts) and Sansad TV
• Agenda: To make Indian art and culture more accessible to the people
• Under this initiative, programmes produced by IGNCA will be telecast on Sansad TV.
• Sansad TV CEO: Rajit Punhani
12. IITH & Japan’s Renesas in pact to boost semiconductor innovation
• Pact between: The Indian Institute of Technology Hyderabad (IITH) and Renesas Electronics
Corporation (Japanese advanced semiconductor solutions provider)
• Reason: To boost semiconductor innovation and talent development in the country.
• Focus: On research and collaboration in the area of very-large-scale-integration (VLSI) and
embedded semiconductor systems
13. Delhi metro signs pact with Konkan railway for collaboration on upcoming projects
• Signed between: Delhi Metro Rail Corporation (DMRC) and the Konkan Railway Corporation
Limited (KRCL)
• Aim: To jointly work on forthcoming metro rail ventures within India and internationally.
• This strategic alliance is geared towards leveraging the specialized skills of both entities to facilitate
cooperation on numerous significant infrastructure initiatives.
14. Health and Defence Ministries to set up dedicated Tele MANAS cell for armed forces
• MoU between: The Ministry of Health and Family Welfare (MoHFW) and the Ministry of Defence
(MoD)
• Aim: To facilitate collaboration between the two Ministries in operating a special cell of Tele
MANAS, the National Telemental Health Helpline of MoHFW, as a pilot project for a period of two
years at the Armed Forces Medical College in Pune.
• Tele MANAS is the digital extension of the District Mental Health Programme (DMHP), offering
comprehensive, integrated, and inclusive 24/7 tele-mental health services.
• The initiative provides a toll-free number, 14416, in each State and Union Territory (UT) for easy
access to mental health support.
15. Oppo collaborates with Google, Microsoft, and MediaTek for AI innovation
• Collab between: Oppo and Google, Microsoft, and MediaTek
• Aim: To make artificial intelligence accessible on smartphones across all price ranges by the end of
2024.
• IDC's latest report, “Time to Democratise the Impact of AI Tech," highlights the significant potential
of this market, predicting a 250 percent growth in shipments of AI-enabled phones priced under
$1000, reaching 35 million units in 2024.
16. Nokia and Gati Shakti Vishwavidyalaya Collaborate on 5G/6G Research
• MoU between: Nokia and Gati Shakti Vishwavidyalaya
• Reason: To explore 5G/6G applications in transportation and logistics
• Aim: To advance industry standards, develop smart solutions.

YesMagazine
17. Zupee Collaborates with Gurugram Cyber Police for Cyber Security Awareness
• Collab between: Zupee and Gurugram Cyber Police
• Reason: For the Cyber Warriors Program, training 1,100 interns in cyber security to promote
responsible digital citizenship and combat cyber threats.
18. India, Sri Lanka Commission Maritime Rescue Centre to Boost Security Ties
• India and Sri Lanka commissioned an initiative key to maritime security cooperation between the
two countries and built on a grant of $6 million from New Delhi.
• The Maritime Rescue Coordination Centre (MRCC) was commissioned by External Affairs Minister
S Jaishankar and Sri Lankan President Ranil Wickremesinghe during the former’s day-long visit to
the island country.
• India’s diplomatic outreach to Sri Lanka is a part of its SAGAR (Security
and Growth for All in the Region) vision and its Neighbourhood First
policy.
19. MSDE And Australia Partner To Boost Agriculture Skills
• The Ministry of Skill Development and Entrepreneurship (MSDE) and
the Australian Government held a roundtable to discuss the Australia-
India Critical Agriculture Skills Pilot Project.
• The roundtable was a platform to discuss the learnings from the
Australia-India Critical Agriculture Skills Pilot Project and focused on the opportunities that awaited
expanding the initiative, scaling it up, and adapting the model to other industries.
20. NHAI Signs MoU With IIIT Delhi To Enhance Road Safety Through AI
• MoU signed between: National Highways Authority of India and Indraprastha Institute of
Information Technology, Delhi
• Aimed at enhancing road safety through the deployment of Artificial Intelligence
• This initiative will leverage Artificial Intelligence (AI) based solutions for improvement in the
availability of road signs on National Highways.
• IIIT Delhi will conduct surveys to collect imagery and other related data related to the availability
and condition of road signs on selected National Highway stretches.
• Around 25,000 km of tentative length of Highways stretches will be covered under this project.
21. India & Gambia Signed Extension of MoU on Governance Reforms for 5 Years
• Signed between: India and Gambia
• Departments: Refurbishing Personnel Administration and Governance Reforms’ between
Department of Administrative Reforms(DARPG), Government of India and Public Grievances and
Public Service Commission, Office of the President, the Republic of the Gambia
• Tenure: 5 Years
• Aims to strengthen the partnership between the two countries through sharing and replication of
best practices focused on administrative reforms, good governance webinars, research
publications, and capacity building program
22. Gautam Adani signs MoU for 570 MW green hydro plant with Bhutan PM

YesMagazine
• Signed between: Gautam Adani (Adani Group chairman) and Bhutan Prime Minister Tshering
Tobgay
• Reason: Bhutan's Druk Green Power Corporation for a 570 MW hydroelectric plant in Chukha
province
23. India and Dominican Republic strengthen meteorological capabilities with new agreement
• MoU between: Indian Meteorological Department (IMD) and Onamet
• Countries: India and Dominican Republic
• Reason: Training personnel, exchanging expertise on early warning systems, and accessing satellite
data to develop better meteorological models.
• Aim: Improving weather forecasting and monitoring
24. Sri Lanka To Sign Debt Restructuring Agreements With India & Japan
• MoU signed between: Sri Lanka -----> India & Japan
• Type: Debt Restructuring Agreements
• Reason: It would then pave the way for the resumption of loan-funded projects.
• Sri Lanka has been negotiating with the Paris Club, India, and China to restructure debt after
declaring sovereign default in 2022, with in-principle deals reached last year.
• Notably, India’s assistance of over USD 4 billion helped Sri Lanka manage the peak of the economic
crisis
25. ONGC and IOCL sign MoU for new LNG Plant
• Signed between: ONGC and IOCL
• Agneda: To set up a new liquefied natural gas plant near the Hatta gas field in the country’s
Vindhyan Basin.
• This plant will upgrade the Vindhyan Basin’s status from Category II to Category I.
• The Hatta LNG plant will utilise advanced technology to produce LNG, a cleaner alternative to
conventional fossil fuels, thus reducing carbon emissions and supporting India’s climate change
objectives.
26. EESL ties up with APEPDCL to promote energy efficiency, conservation
• Ties up: Energy Efficiency Services Ltd (EESL) partnered with Andhra Pradesh Eastern Power
Distribution Company Ltd (APEPDCL)
• Aim: To promote the adoption of energy efficiency and enable energy conservation within the
power distribution sector.
27. SAMEER, MeitY and MCTE, Indian Army forge strategic partnership for technological
advancement
• Partnership between: Military College of Telecommunication Engineering (MCTE), Indian Army and
Society for Applied Microwave Electronics Engineering & Research (SAMEER)
• Aim: To advance collaboration in ‘Next Generation Wireless Technologies for Indian Army’.
28. Truecaller, HDFC ERGO tie up for insurance product to safeguard subscribers
• Joined hands: Truecaller and HDFC ERGO
• Offer: To safeguard subscribers against digital communication frauds in India

YesMagazine
• The insurance offering underscores its commitment to combating fraud and ensuring user
protection through advanced app features - before, during and after mobile communication.
• A recent report by the Indian Cyber Crime Coordination Centre revealed that digital financial frauds
accounted for a staggering Rs 1.25 lakh crore over the last three years
• The product will provide coverage up to Rs 10,000 to Android and iOS users across India.
Appointments &
Resignations
1. Azmat Habibulla joins DBS Bank India as Managing Director
• Azmat Habibulla has joined DBS Bank India as Managing Director - Group Strategic Marketing and
Communications.
• Formerly South Indian Bank's Chief Marketing Officer, Habibulla was responsible for increasing the
brand value of the bank.
2. SKM's Prem Singh Tamang Takes Oath As Sikkim Chief Minister For Second Term
• Sikkim Krantikari Morcha (SKM leader Prem Singh Tamang took oath as Chief Minister of Sikkim
for a second term.
• Governor Lakshman Acharya administered the oath of office and secrecy to Tamang and his Council
of Ministers during the swearing-in ceremony at Paljor Stadium in Gangtok.
3. Inder Pal Singh Bindra appointed as CCI Secretary
• Competition Commission of India (CCI) has a new Secretary in Inder Pal Singh Bindra, an Indian
Revenue Service (IRS) officer.
• Bindra will replace Anupama Anand, who has resigned after being appointed in September 2023
for a period of 3 years.
4. Philemon Yang of Cameroon elected President of upcoming General Assembly Session
• The UN General Assembly (UNGA) elected former Cameroonian Prime Minister Philemon Yang as
president of the 79th UNGA session
• Yang will succeed Denis Francis of Trinidad and Tobago, president of the 78th UNGA session, when
the 79th UNGA session opens on September 10 at the UN headquarters in New York.
• Theme of UNGA 79th Session: “Unity in Diversity, for the advancement of peace, sustainable
development, and human dignity for everyone everywhere”.
5. Raj Priy Singh (IFoS) appointed as Director in Department of Rural Development

YesMagazine
• Raj Priy Singh (IFoS) has been selected for the appointment as Director in the Department of Rural
Development under the Ministry of Rural Development.
6. Narendra Modi returns as PM for third straight term, equals Nehru's record
• Prime Minister Narendra Modi took the oath of office as the
head of a 72-member Council of Ministers for a third
successive term.
• Equals Nehru’s record
• 73-yr-old to head coalition govt for first time.
• 61 of 72 in council of ministers from BJP, Five NDA allies get
one Cabinet berth each.
7. Bisleri Limonata Appoints Aditya Roy Kapur as Brand Ambassador
• Bisleri Internationa has unveiled an exciting new campaign for its refreshing beverage, Bisleri
Limonata.
• Featuring Aditya Roy Kapur as the brand ambassador, the #DoubleTheChill campaign aims to
capture the essence of Limonata’s unique flavor blend and establish a strong connection with the
Gen Z audience.
8. Mohan Charan Majhi To Be New Chief Minister Of Odisha
• Senior BJP leader Mohan Charan Majhi will be the new chief minister of Odisha.
• He is a four-time MLA from Keonjhar in Odisha.
• He was elected to the Odisha Legislative Assembly in 2000, 2004, 2019, and 2024.
• He replaced Biju Janata Dal chief Naveen Patnaik, who occupied the position for a record 24 years.
9. RBI rejects reappointment of Rajkumar Bansal as Edelweiss ARC MD and CEO
• In May 2024, the RBI imposed business restrictions on two Edelweiss Group entities, including
Edelweiss ARC Ltd (EARCL) and ECL Finance Ltd for alleged violation of regulatory norms.
• EARCL has been ordered to stop the acquisition of financial assets, including security receipts (SRs)
and reorganising the existing SRs into senior and subordinate tranches with immediate effect.
10. TDP Chief N Chandrababu Naidu To Be Sworn-In As Andhra Pradesh CM On June 12
• Telugu Desam Party Chief Nara Chandrababu Naidu will take oath as Chief Minister of Andhra
Pradesh on 12th June 2024.
11. Lt Gen Upendra Dwivedi appointed as next Chief of the Army Staff
• The Government has appointed Lt Gen Upendra Dwivedi as the next Chief of the Army Staff with
effect from the afternoon of June 30, 2024.

YesMagazine
• Presently, he is serving as Vice Chief of the Army Staff.

• He will replace present Chief of the Army Staff Gen Manoj C Pande.
12. Abhijit Kishore and Rahul Vatts Appointed as New Leadership of COAI
• The Cellular Operators’ Association of India (COAI) has announced its
new leadership for the 2024-25 term, effective from June 2024.
• Abhijit Kishore, Chief Operating Officer (COO) of Vodafone Idea (VI), has
been appointed as the Chairman, while Rahul Vatts, Chief Regulatory
Officer (CRO) of Bharti Airtel, will serve as the Vice Chairman.
13. Ajit Doval has been reappointed as NSA
• Ajit Doval has been reappointed as the National Security Advisor
• Dr PK Mishra has been reappointed as the Principal Secretary to the Prime Minister.
• Effective from June 10, 2024.
• Retired IAS officers Amit Khare and Tarun Kapoor as advisors to the Prime Minister.
14. Lt Gen Waker-Uz-Zaman Appointed Army Chief of Bangladesh
• Lieutenant General Waker-Uz-Zaman was named Bangladesh's next Army chief for a three-year
term and will assume charge on June 23.
15. Prem Prabhakar Appointed MD and CEO of SBICAP Ventures Limited
• SBICAP Ventures Limited (SVL) has named Prem Prabhakar as its new Managing Director and Chief
Executive Officer, effective from June 4, 2024.
16. Vijayabharathi Sayani appointed Acting Chairperson of NHRC
• Vijayabharathi Sayani has been appointed as the Acting Chairperson of the National Human Rights
Commission (NHRC).
• Sayani took over the charge after former Supreme Court judge, Justice Arun Mishra's term ended on
June 1.
17. IIT-Kharagpur appoints Rintu Banerjee as institute’s first woman deputy director
• Prof Rintu Banerjee has been appointed as the deputy director of the Indian Institute of Technology
Kharagpur.
• Prof Banerje is the first woman to take over the charge of this position.
18. Rajib Kumar Mishra ceases to be chairman of PFS, CMD of PTC India after Sebi's order
• Rajib Kumar Mishra ceased to be chairman of PTC India Financial Services Ltd (PFS) as well as CMD
of PTC India Ltd
• Following the order passed by markets regulator Sebi that restrained him from holding the
director's post for six months.
• PFS, promoted by PTC India Ltd, is a non-deposit-taking NBFC classified as an infrastructure finance
company.
19. Pawan Kalyan Announced Deputy CM of Andhra Pradesh
• Janasena chief Pawan Kalyan was named the Deputy Chief Minister in a highly-anticipated move by
the Andhra Pradesh government on June 14.

YesMagazine
• The actor-turned-politician has also been allocated the Panchayat Raj and Rural Development,
Environment, Forests, and Science and Technology portfolios in the Chandrababu Naidu-led
government.
20. Dr Kapil Dua Announced as President of the Asian Association of Hair Restoration Surgeons
• Dr Kapil Dua, a pioneer in hair transplant surgery in India with over two decades of experience, has
been announced as the President of the Asian Association of Hair Restoration Surgeons (AAHRS).
21. FICCI Announces Appointment Of Jyoti Vij As Director General
• The Federation of Indian Chambers of Commerce and Industry (Ficci) on Tuesday announced the
appointment of Jyoti Vij as its director general.
• Vij is currently the additional director general at Ficci.
• She will take charge of the Ficci secretariat with immediate effect.
22. Cricket Legend Kapil Dev Takes Helm of Indian Professional Golf
o Kapil Dev, the legendary cricketer and passionate amateur golfer, has been elected as the new
president of the Professional Golf Tour of India (PGTI).
23. Seventeen becomes UNESCO's first goodwill ambassador for youth
o K-pop group SEVENTEEN was appointed as UNESCO's inaugural Goodwill Ambassador for Youth at
a ceremony in Paris.
o They pledged a $1 million donation and launched a global campaign to support youth-led projects.
24. IFS Officer Vikram Misri Named Next Foreign Secretary
o The 1989 batch Indian Foreign Service IFS officer Vikram Misri has been appointed as the next
Foreign Secretary.
o He will succeed Vinay Mohan Kwatra whose tenure is ending on 14th of next month.
o Mr Misri is currently serving as Deputy National Security Advisor in the National Security Council
Secretariat.
25. Antonio Costa Elected As Next President Of European Council
• Antonio Costa has been elected as the next President of the European Council.
26. RBI appoints retired CGM Singh on Bandhan Bank board
• The Reserve Bank appointed A K Singh as an additional director on the board of Bandhan Bank.
• The appointment of Singh, a career central banker who retired as chief general manager of RBI, is
for one year.
27. Aksha Mohit Kamboj Appointed Vice President of India Bullion Jewellers Association
• Aksha Mohit Kamboj has been appointed as the first female Vice President of the India Bullion
Jewellers Association (IBJA), effective June 22, 2024.
28. Intelligence Bureau Chief Tapan Kumar Deka & NHRC Secretary General Bharat Lal Receive One-
Year Extensions
• Intelligence Bureau Chief Tapan Kumar Deka has been given a one-year extension until June next
year.

YesMagazine
• The Appointments Committee of the Cabinet approved the extension in service of Mr. Deka as the
Director of the Intelligence Bureau.
• He is a 1988-batch IPS officer of the Himachal Pradesh cadre.
• The tenure of Bharat Lal as Secretary General of the National Human Rights Commission has also
been extended for one year beyond June 30th of this year.
29. S N Subrahmanyan appointed chairman of LTIMindtree
• S N Subrahmanyan has been appointed chairman of LTIMindtree Ltd, a global technology consulting
and digital solutions company within the L&T Group.
• This change comes as A M Naik, the founder chairman, announced his decision to step down.
30. Om Birla Elected As Speaker Of Lok Sabha For 2nd Time
• Senior BJP MP Om Birla was today re-elected as the Speaker of the 18th Lok Sabha.
31. India’s First AI University Appoints Award-Winning American Professor as VC
• India’s first artificial intelligence university, Universal AI University (UAIU), has appointed
international strategist and multiple award-winning professor Simon Mak as its vice-chancellor.
32. Lt Gen NS Raja Subramani as The Next Vice Chief of Army Staff
• Lt Gen NS Raja Subramani is set to be the next Vice Chief of Army Staff with the government clearing
his appointment to the post.
• Succeed Lt Gen Upendra Dwivedi
33. Sony Pictures Networks India Appoints Gaurav Banerjee As New MD & CEO
• Sony Pictures Networks India announced the appointment of former Disney executive Gaurav
Banerjee as its Managing Director and CEO, effective on or before August 26.
• Mr. Banerjee will succeed N. P. Singh, who will move into the role of Non-Executive Chairman after
a 25-year tenure.
34. Anuj Tyagi Appointed MD and CEO of HDFC ERGO General Insurance
• Private sector general insurer HDFC ERGO General Insurance has appointed Anuj Tyagi as its new
MD and CEO, effective July 1, 2024. Tyagi, currently Deputy MD.
35. Union Minister JP Nadda Appointed As Leader Of House In Rajya Sabha
• Union Minister JP Nadda was appointed as Leader of the House in Rajya Sabha today.
• He succeeds Piyush Goyal, who is now a member of the Lok Sabha from Maharashtra’s North
Mumbai.
• Mr Nadda was nominated by the BJP to the Rajya Sabha from Gujarat in February this year.
36. Tennis star Sumit Nagal to endorse Bank of Baroda
• Bank of Baroda (Bank), a public sector bank, announced Indian tennis player Sumit Nagal as its
brand endorser.
• 26-year-old Sumit Nagal will be strategically positioned to target a younger demographic, and new
generation of customers with a range of products specifically designed for this segment
37. ESAF SFB Chief Paul Thomas Elected Chairperson of Sa-Dhan

YesMagazine
• Paul Thomas, MD & CEO of ESAF Small Finance Bank, has been elected as Chairperson of the board
of Sa-Dhan, which is an association of microfinance and impact finance institutions. Thomas so far
was the co-chair of the Association.
38. Government Appoints Atul Kumar Chaudhary as Secretary of Telecom Regulatory Authority of
India
• The government has appointed Atul Kumar Chaudhary, as the new Secretary, Telecom Regulatory
Authority of India (TRAI), the position which was lying vacant after superannuation of V Raghu.
39. Govt appoints Girija Subramanian as CMD of New India Assurance Company
• The government has appointed Girija Subramanian as chairman and managing director (CMD) of
the largest general insurer, New India Assurance effective from June 19, 2024 until she attains the
age of superannuation or until further orders.
40. Rear Adm Nelson D’Souza Takes Over as Commandant, Military Institute of Technology, Pune
• Rear Admiral Nelson D’Souza has taken over as Commandant of Military Institute of Technology
(MILIT), Pune from Air Vice Marshal Vivek Blouria.
41. NTA DG Subodh Kumar Singh Sacked, Pradeep Singh Kharola Takes Additional Charge Of NTA’s
DG
• India Trade Promotion Organisation Chairman and MD Pradeep Singh Kharola has been given
additional charge of NTA’s Director General
42. Asirvad Micro Finance appoints Satish Nair as President and CEO
• Asirvad Micro Finance Limited, a subsidiary of Manappuram Finance Limited, has appointed Satish
Nair as President and Chief Executive Officer (CEO).
43. PNB MetLife names Sameer Bansal as MD and CEO
• Sameer Bansal has over 25 years of experience in financial services. PNB MetLife India Insurance
Co. Ltd. has appointed Sameer Bansal as Managing Director and Chief Executive Officer, effective
July 1, 2024.
44. Kamal Kishore Soan takes over the charge of Director General, ESIC
• Kamal Kishore Soan, took over the additional charge of Director General of Employees’ State
Insurance Corporation (ESIC) under Ministry of Labour & Employment, on May 31
45. Rakesh Mohan Joshi Appointed as Vice-Chancellor of IIFT
• Rakesh Mohan Joshi has been appointed as the Vice-Chancellor of the
Indian Institute of Foreign Trade (IIFT), a prestigious business school
under the Ministry of Commerce.
46. Citi's new banking head Raghavan begins as CEO
• New CEO of Citi Bank: Viswas Raghavan
47. Priyanka Jarkiholi : Youngest Tribal Woman to win from an
unreserved seat

YesMagazine
• Priyanka Jarkiholi, running for the Congress party, beat Annasaheb Jolle, the sitting MP for the
Bharatiya Janata Party (BJP), in the Chikkodi district, Karnataka.
• This win is important because the BJP won all but one of the seats in the Mumbai-Karnataka area.
48. Om Birla Re-Elected, Breaks 20-Year Lok Sabha Trend
• Om Birla, Speaker of the Lok Sabha, won the Kota seat by a large majority.
• This big win makes him the first speaker to be re-elected to the Lower House of Parliament in 20
years.
49. Sheikh Sabah Khaled Al-Sabah becomes the new crown prince of Kuwait
• Kuwait's emir named a new crown prince, Sheikh Sabah Khaled al-Hamad al-Sabah, just six months
after taking over the throne and weeks after suspending parliament.
• The 71-year-old sheikh was the Gulf state's foreign minister from 2011 to 2019 and then prime
minister until 2022.
50. Indian sitarist Rishab Rikhiram Sharma becomes first musician to join United Nations for
mental health advocacy
• Renowned New-Delhi based sitarist Rishab Rikhiram Sharma had the exclusive privilege of being
the first Indian musician to be invited by United Nations to represent India at the prestigious ‘We
The Future: Reimagining The Future of Global Mental Health’ summit.
51. Helen Mary Roberts becomes First Woman Brigadier in Pakistan Army from Minority
Community
• Dr. Helen Mary Roberts, a Christian lady, became the first woman to be promoted to the rank of one-
star officer in Pakistan’s 77-year military history.
• In a historic move, the Pakistani Army elevated Dr. Helen Mary Roberts, a Christian woman, to the
esteemed rank of Brigadier in the nation with a majority of Muslims.
52. PV Sindhu Invests in and Becomes Brand Ambassador for Greenday’s ‘Better Nutrition
• PV Sindhu, the two-time Olympic medallist and World Champion in badminton, has invested in
Greenday’s ‘Better Nutrition’ brand.
• Sindhu has also joined the startup as its brand ambassador.
53. Appointment of Rakesh Ranjan as Chairman, Staff Selection Commission (SSC)
• Rakesh Ranjan, a 1992 batch IAS officer from Manipur Cadre, has been appointed as Chairman of
the Staff Selection Commission (SSC) in the rank and pay of Secretary to the Government of India.
54. Shah Rukh Khan, new brand ambassador of Muthoot Pappachan Group
• Muthoot Pappachan Group (MPG), popularly known as Muthoot Blue, has roped in Shah Rukh Khan
as its brand ambassador.
• Muthoot Pappachan Group is the promoter of leading NBFCs including Muthoot FinCorp Limited
(flagship Company of the Group), Muthoot Microfin Limited, Muthoot Capital Services Limited and
Muthoot Housing Finance Company Limited.
55. Govt appoints Saurabh Garg as full-time MoSPI Secretary

YesMagazine
• The government named 1991-batch Odisha cadre IAS officer Saurabh Garg to hold additional charge
of Secretary, Ministry of Statistics and Programme Implementation (MoSPI).
• Garg, who currently holds the charge of Secretary, Department of Social Justice & Empowerment,
has also been given charge of Secretary, National Statistical Commission (NSC).
56. Cyril Ramaphosa Re-Elected South African President
• Cyril Ramaphosa is re-elected as South Africa’s president following a landmark coalition deal
between his African National Congress (ANC) and opposition parties.
• The new government of national unity combines Mr Ramaphosa’s ANC, the centre-right Democratic
Alliance and other smaller parties.
57. Siddhesh Sakore, Farmer From Maharashtra, Named Land Hero by UN Agency
• Siddhesh Sakore, a Maharashtra farmer and AGRO RANGERS founder, was named a Land Hero by
the UNCCD on World Desertification and Drought Day for his innovations in natural farming and
waste management.
• The UNCCD celebrated its 30th anniversary by recognizing 10 individuals from various countries,
including Brazil, Costa Rica, Germany, Mali, Moldova, Morocco, the Philippines, the US, and
Zimbabwe, along with Siddhesh Sakore from India.
58. Paytm appoints Rajeev Agarwal to board
• Paytm has appointed former Sebi whole time member Rajeev Krishnamuralilal Agarwal to the
board as non-executive independent director as Neeraj Arora had resigned citing "personal
commitments".
59. Peter Pellegrini Sworn in as Slovakia’s President Amid Political Tensions
• Peter Pellegrini has been inaugurated as Slovakia’s sixth president
• In a ceremony marked by heightened security following an assassination attempt on Prime Minister
Robert Fico.
60. GWEC India appoints Suzlon Group’s Girish Tanti as new chair
• Suzlon Vice Chairman Girish Tanti has been elected as the Chair of Global Wind Energy Council India
(GWEC India)
61. Actor Theo James appointed as global Goodwill Ambassador for UNHCR
• UNHCR, the UN Refugee Agency, today announced the appointment of the British actor Theo James
as its newest global Goodwill Ambassador.
62. Dhanlaxmi Bank appoints Ajith Kumar MD & CEO
• New MD & CEO of Dhanlaxmi Bank: Ajith Kumar K K
• He will take charge on June 20 for three years. https://www.youtube.com/watch?v=A3AsCuEpr3Q
63. Ashwani Kumar Appointed MCD Commissioner
• The Ministry of Home Affairs (MHA) has appointed IAS officer Ashwani Kumar as the Commissioner
of the Municipal Corporation of Delhi (MCD) with immediate effect.
64. Bharti AXA Appoints Akhil Gupta As New Chairman
• Akhil Gupta, Vice Chairman, Bharti Enterprises joins the company as the new Chairman.

YesMagazine
• Bharti AXA Life Insurance has appointed two new Directors to its Board - Mr. Dinesh Kumar Mittal
and Mr. V. V. Ranganathan.
65. Suhas Subramanyam Wins Democratic House Primary in Virginia
• Suhas Subramanyam, a state senator in suburban Loudoun County, Va., narrowly won the
Democratic primary in a House district in Northern Virginia.
• Subramanyam, who was born in Houston, is an American lawyer and member of the Virginia Senate.
His parents hail from Bengaluru, India.
66. BJP MP Bhartruhari Mahtab made pro-tem Speaker of Lok Sabha
• President Droupadi Murmu appointed seven-term MP from Odisha Bhartruhari Mahtab as the pro-
tem Speaker of Lok Sabha.
• President has appointed Mahtab, as Speaker pro-tem under Article 95(1) of the Constitution to
perform the duties of Speaker till election of the Speaker.
67. Sudhakararao Papa Appointed Director (Enterprise) at BSNL
• Sudhakararao Papa has been appointed as Director (Enterprise) of BSNL, pending final approvals.
• He is currently serving as Chief General Manager of Chennai Telecom District Circle at BSNL.
68. Mark Rutte set to be NATO's next secretary general
• Mark Rutte, the 57-year-old current Dutch prime minister, is set to become NATO's next secretary
general
Awards & Recognitions

1. RBI wins 'Risk Manager of the Year' award by London's Central Banking publication
• The Reserve Bank of India (RBI) has won the "Risk Manager of the Year
Award 2024" by Central Banking, a leading publication based in
London, UK.
• This accolade recognizes RBI's exemplary strides in enhancing its risk
culture and awareness, affirming its pivotal role in safeguarding the
stability of the Indian financial system.
2. Shantaram, Lifetime Achievement Award For 2024 Will Be Given To Subbiah Nallamuthu
• The most coveted, V. Shantaram, Lifetime Achievement Award for this year will be given to Subbiah
Nallamuthu, a renowned, award-winning Wildlife filmmaker from Chennai.
• Venue: Mumbai International Film Festival 2024
• He filmed “Living on the Edge”, the longest running wildlife series.
3. Indian Railways Enter Its Name Into Limca Book Of Records

YesMagazine
• Indian Railways has entered its name into Limca Book of Records for most people at a public service
event at multiple venues.
• Ministry of Railways had organized an event on 26 February this year which was attended by over
40 lakh 19 thousand people at over two thousand venues.
• The event was organized for the inauguration of road over railway bridges and for laying the
foundation stones of railway stations by Prime Minister Narendra Modi
4. 2024 Kavli Prize Awarded In Astrophysics, Nanoscience & Neuroscience
• Astrophysics:
o David Charbonneau of Harvard University,
o Sara Seager, Massachusetts Institute of Technology
• Nanoscience:
o Robert Langer of MIT, Armand Paul Alivisatos of the University of Chicago,
o Chad Mirkin of Northwestern University
• Neuroscience:
o Nancy Kanwisher of MIT,
o Winrich Freiwald of Rockefeller University,
o Doris Tsao of the University of California
5. Sahitya Akademi announces Yuva Puraskar, Bal Sahitya
Puraskar winners for 2024
• The Executive Board of the Sahitya Akademi, an autonomous
body under the Ministry of Culture chaired by Madhav Kaushik,
President of Sahitya Akademi declared a list of 24 recipients of
its Bal Sahitya Puraskar and 23 winners of its Yuva Puraskar
for the year 2024.
6. Museum in memory of Gujarat earthquake victims listed for UNESCO’s Prix Versailles Award
• UNESCO has shortlisted seven most beautiful museums for the prestigious Prix Versailles Award,
including the Smritivan Earthquake Memorial Museum of Bhuj, Gujarat.
• Announced each year at UNESCO since 2015, the Prix Versailles is a series of architectural
competitions that shine a light on the finest contemporary projects worldwide.
7. IPBES Awarded 2024 Blue Planet Prize
• In 2024, one of the recipients of the Blue Planet Prize is the Intergovernmental Platform on
Biodiversity and Ecosystem Services (IPBES).
• IPBES was created to improve the connection between science and policy regarding biodiversity
and ecosystem services.
• The Blue Planet Prize, which is given out every year by Japan’s Asahi Glass Foundation, is a
prestigious award that recognizes important science and practical contributions to solving global
environmental problems.
• It grants an award sum of $500,000 to its laureates.
• The award ceremony for the 2024 Blue Planet Prize will be held on October 23 in Tokyo, Japan.
8. IIIT-Delhi Wins Prize for Antimicrobial Resistance Project

YesMagazine
• The Indraprastha Institute of Information Technology, Delhi (IIIT-Delhi), has been awarded the
joint second prize in the Trinity Challenge’s second competition for its project aimed at combating
the threat of antimicrobial resistance (AMR).
• This project, called “AMRSense: Empowering Communities with a Proactive One Health Ecosystem,”
focuses on a wide range of methods to improve the monitoring and control of AMR.
• AMR happens when bacteria, viruses, fungi, and parasites change over time and stop responding to
drugs.
9. 'The Golden Thread' is awarded to director Nishita Jain
• Indian Documentary ‘The Golden Thread’ is awarded as Best Documentary in international category
with Golden Conch Award in Closing ceremony of 18th Mumbai International Film Festival.
• Actress Poonam Dhillon presented this award to director Nishita Jain in ceremony in Mumbai.
10. Vinod Ganatra Becomes First Indian Honoured With ‘Nelson Mandela Lifetime Achievement
Award’
• Nelson Mandela Lifetime Achievement Award 2024:
• Awardee: Vinod Ganatra (film-maker)
• Reason: For his immense contributions to the world of cinema for kids.
• He was honoured with the coveted award at the ongoing 7th Nelson Mandela Children’s Film
Festival
• Note:
• He has become the first Indian to be conferred the prestigious ‘Nelson Mandela Lifetime
Achievement Award’ of South Africa.
• He became the only Indian filmmaker to receive the ‘Liv Ullmann Peace Prize’, in Chicago, for his
Gujarati film, ‘Harun-Arun’
11. Vellayan Subbiah named the EY World Entrepreneur of The Year 2024
• Vellayan Subbiah was named the EY World Entrepreneur of The Year 2024 at an award ceremony
held in Monaco’s Salle des Etoiles.
• He is an Executive Vice-Chairman of Tube Investments of India (TII) and Chairman of
Cholamandalam (Chola) Investment and Finance Co. Ltd.
12. Bengaluru-based cinematographer Nethra Gururaj selected for 2024
Oscar Academy Gold Rising Program
• New talent from South India as Nethra Gururaj, a dynamic
cinematographer from Bengaluru, has been selected for the prestigious
2024 Oscar Academy Gold Rising Program.
• This honour places her among the most promising young filmmakers
and cinematographers globally, highlighting her significant
achievements and potential.
13. Gudakes Motie and Chamari Athapaththu Named ICC Players of the Month for May
• sIn the women’s category, Chamari Athapaththu of Sri Lanka has been named the ICC Women’s
Player of the Month for May 2024.

YesMagazine
• The International Cricket Council (ICC) has named Gudakesh Motie of the West Indies as the ICC
Men’s Player of the Month for May 2024.
14. Haryana Police Secures First Position In Blocking Mobile Numbers Involved In Cyber Crime
• Haryana Police has secured the first position in the country in blocking mobile numbers involved
in cyber crime.
• According to the National Cyber Crime Reporting Portal, a total of 5 lakh 46 thousand mobile
numbers involved in cyber crime were blocked across the country from 1st January to 31st April
this year, out of which 1lakh 11 thousand 349 mobile numbers were blocked by Haryana Police.
15. Dr Usha Thakur Awarded 12th Vishwa Hindi Samman In Hindi Samvad Event
• Dr Usha Thakur was awarded 12th Vishwa Hindi Samman in an Hindi Samvad event organised by
Embassy of India in Nepal recognising her contribution in development of Hindi literature.
16. Doon School Wins Award at Indo-Norway Education Summit 2024
• Doon School Srinagar was honored with the “Award for Transformative Education Excellence” at
the Indo-Norway International Education Summit, held at Stortinget, Norway.
17. Somalia's Only All-Women Media Team Wins Global Freedom of Expression Award
• Somalia's only all-women news team, Bilan, has won the 2024 One World Media Press Freedom
Award, becoming the first Somali media team to receive this honour.
• The award honours their courageous reporting over the past two years, which has smashed taboos
and blazed a trail for women journalists in one of the most dangerous countries to report the news.
18. Arundhati Roy awarded UK's Pen Pinter Prize for her 'unflinching' writings
• Booker Prize-winning author Arundhati Roy was honoured with the prestigious Pen Pinter Prize
2024 for her unflinching and unswerving writings.
• The prize, established in 2009 by the charity English PEN, defends freedom of expression and
celebrates literature in memory of Nobel-Laureate playwright Harold Pinter.
19. Sebi bags 'Best Conduct of Business Regulator' award by The Asian Banker
• Sebi has been given 'Best Conduct of BusinessRegulator' award in Asia Pacific by The AsianBanker
for its role in enhancing the regulatory framework for securities markets in India.
• The award was received by Sebi's Whole Time Member Kamlesh Chandra Varshney ina ceremony
held in Hong Kong.
20. Nar Singh, Rohini Lokhande win Dilip Bose Lifetime Achievement Award
• The All India Tennis Association (AITA) has announced the Dilip Bose award for lifetime
achievement to coach Nar Singh.
• The first award would be presented to the 69- year-old Rohini Lokhande who was a member of the
national team along with Kiran Bedi, Nirupama Mankad, Susan Das andUdaya Kumar, before she
took to coaching at a young age.
21. C-DOT wins UN’s WSIS 2024 PRIZE “Champion” Award at WSIS+ 20 Forum High-Level
• Centre for Development of Telematics (C-DOT), the premier Telecom R&D centre of the Government
of India, awarded UN’s WSIS 2024 “Champion” Award for the project “Mobile-Enabled Disaster

YesMagazine
Resilience through Cell Broadcast emergency Alerting”, recognised under AI, C-7, E-environemnt,
in the category of 'Benefits in all aspects of life - E-environment”.
22. Sanya Malhotra Wins Best Actress New York Indian Film Festival Award For Mrs
• Mrs, starring Sanya Malhotra, recently screened at the prestigious New York Indian Film Festival
2024, and the actress bagged the Best Actor Female award for the role in the movie.
23. NIMHANS bags the Nelson Mandela Award for Health Promotion for 2024 by the World Health
Organization
• National Institute of Mental Health & Neuro Sciences (NIMHANS), Bengaluru, an Institute of
National Importance under the Ministry of Health and Family Welfare, Government of India has
been awarded with the Nelson Mandela Award for Health Promotion for 2024 by the World Health
Organization (WHO).
24. Siddhalinga Pattanashetti Wins Gudleppa Hallikeri Award 2024
• Poet and playwright Siddhalinga Pattanashetti has been announced as the recipient of the Gudleppa
Hallikeri Award for 2024.
• This declaration was made by the Gudleppa Hallikeri Memorial Foundation based in Hosaritti,
Haveri District.
• Siddhalinga Pattanashetti becomes the 19th distinguished individual to receive this honour, as
stated by Veeranna Chekki, trustee of the Gudleppa Hallikeri Memorial Foundation.
25. Sonakshi Sinha honoured with UAE Golden Visa
• Bollywood actress Sonakshi Sinha is the latest Indian celebrity to be honoured with the United Arab
Emirates (UAE) 10-year Golden Visa.
• Reason: Her contributions to the arts and culture
Sports
1. Divya Deshmukh and Kazybek Nogerbek Triumph at FIDE U-20 World Chess Championship 2024
• Event: 2024 FIDE U-20 World Chess Championship
• Organized by the International Chess Federation (FIDE)

YesMagazine
• Divya Deshmukh from Nagpur, India, clinched the FIDE Under-20 Girl’s World Chess Championship
title.
• Deshmukh’s triumph marks her as the fourth Indian woman to win this prestigious title, following
in the footsteps of chess legends Koneru Humpy, Harika Dronavalli, and Soumya Swaminathan.
• In the men’s section, Grand Master Kazybek Nogerbek from Kazakhstan etched his name in history
by claiming the FIDE World Junior Chess Championship title.
2. Smriti Mandhana scripts history, becomes first Indian woman to hit consecutive ODI centuries
• Mandhana made history by becoming the first-ever Indian woman cricketer to score consecutive
tons in the ODI format.
• She also matched former India captain Mithali Raj's record for most centuries scored in the 50-over
game.
• Mandhana, who was playing the second ODI match between India and South Africa at the
M.Chinnaswamy Stadium in Bengaluru, scored 136 runs in 120 balls.
• In the series opener on Sunday, Mandhana smashed 117 off 127, lacing 12 boundaries and a solitary
six.
3. Indian National Ultimate Frisbee Team Wins Silver at 2024 Asia Oceanic Championship in Japan
• The Indian National Ultimate Frisbee team put up a valiant effort in the finals of the Asia Oceanic
Beach Ultimate Championships (AOBUC) 2024, finishing as runners-up after a hard-fought match
against the Philippines with a final score of 9-12.
4. Shubhankar Sharma, Gaganjeet Bhullar Qualify For Paris Olympics
• Event: Golf National course
• Location: Saint-Quentin-en-Yvelines, France
• Type: Qualifier round
• Shubhankar Sharma and Gaganjeet Bhullar have qualified for the Paris Olympic Games 2024.
5. Grandmaster Arjun Erigaisi Wins Stepan Avagyan Memorial 2024 Crown
• Event: Stepan Avagyan Memorial 2024
• Location: Jermuk, Armenia
• Winner: Arjun Erigasi (India’s highest-rated chess player Grandmaster)
• Hails from Telangana
• Defeated Russian GM Volodar Murzin
6. Kohli tops celebrity rankings with a brand value of $227.9 million
• Report title: Celebrity Brand Valuation Report 2023: Brands, Business, Bollywood
• Report by: Kroll
• Top position in brand value: Virat Kohli ($227.9 million)
• Followed by: Ranveer Singh ($203.1 million), Shahrukh Khan ($120.7 million), Akshay Kumar, and
Alia Bhatt
7. Neeraj Chopra wins gold medal for India at Paavo Nurmi Games

YesMagazine
• Event: Paavo Nurmi Games 2024 in Turku, Finland

•
• Gold medallist: Neeraj Chopra
• Chopra unleashed a commanding first throw of 83.62m to
take an early lead.
• Despite briefly trailing behind Oliver Helander, who reached
83.95m
8. Lee Zii Jia Triumphs at BWF Australian Open 2024
• Event: BWF Australian Open 2024 in Sydney
• Lee Zii Jia from Malaysia emerged victorious against Naraoka Kodai of Japan, securing his second
title of the season.
9. Namibia all-rounder David Weise announces retirement from International cricket
• After his side’s 41-run defeat against England in the T20 World Cup 2024, Namibia all-rounder
David Weise announced his retirement from international cricket.
10. UVA Swimmer Breaks World Record, Qualifies for US Olympic Team
• Gretchen Walsh set a world record in 100-meter butterfly with a time of 55.18 seconds at U.S.
Olympic swimming trials.
11. India’s Sumit Nagal Clinches Heilbronn Neckarcup Challenger In Germany
• In tennis, India’s Sumit Nagal clinched the Heilbronn Neckarcup Challenger in Germany.
• He defeated Alexander Ritschard of Switzerland, 6-1, 6-7, 6-3 in the men’s singles title clash.
• This is his 6th ATP Challenger title.
12. Carlos Alcaraz wins maiden French Open title
• Carlos Alcaraz outlasted German Alexander Zverev to win a maiden French Open and become the
youngest man to capture Grand Slam titles on all three surfaces.
13. Max Verstappen Dominates Canadian Grand Prix for Third Consecutive Year
• Winner: Dutch-Belgian racing driver Max Verstappen of Red Bul
• Third consecutive victory
• Second and Third: Lando Norris (McLaren) & George Russell (Mercedes) respectively
14. UP to organize 2025 edition of MotoGP Bharat in Noida

• The Uttar Pradesh government will sign a contract with Spain headquartered Dorna Sports and its
Indian partner, Fairstreet Sports, to organise MotoGP event in Noida 2025, and will keep organising
the annual event till 2029.
15. Puja Tomar Becomes 1st Indian to Win a Bout in UFC
• Indian strawweight Puja Tomar became the first ever Indian to win a bout in the UFC as she defeated
Brazil’s Rayanne Amanda dos Santos via split decision at the UFC Louisville.
• Puja Tomar beat Rayanne Amanda dos Santos 30-27, 30-27, 29-28.

YesMagazine
16. World Para Athlete Grand Prix: Saurabh Sharma Strikes Twin Gold in Switzerland
• Saurabh Sharma, an athlete from Himachal Pradesh’s Hamirpur district, has won two gold medals
in the ongoing World Para Athlete Grand Prix in the Nottwil city of Switzerland.
• Sharma emerged victorious in 155-metre and 5000-metre races.
• Sharma, who hails from Ropa Khayah village of Nadaun area in Hamirpur district, is representing
the Indian team in the T12 category.
17. India Named Hosts for 2025 FIH Hockey Men’s Junior World Cup
• India secures the hosting rights for the 2025 FIH Hockey Men’s Junior World Cup, marking the first
time the tournament will feature 24 teams.
18. Tata Communications announce five-year host broadcasting services deal with World Athletics
• World Athletics announced a five-year global broadcasting deal with Tata Communications, making
the Indian telecom major a key partner for marquee events starting with the Tokyo World
Championships.
• The agreement aims to enhance innovation and audience engagement.
• Tata Communications will be the host broadcaster for World Athletics Series events, delivering
immersive coverage and custom live content across continents.
19. Ariarne Titmus Sets World Record in Women’s 200m Freestyle
• Ariarne Titmus broke the world record in the women’s 200-meter freestyle on June 12 at Brisbane’s
Chandler Aquatic Center, which was part of Australia’s Olympic swimming tryouts.
• She clocked an impressive time of 1 minute, 52.23 seconds, surpassing the previous record of
1:52.85 set by Mollie O’Callaghan at last year’s world championships.
• Titmus holds the world record in both the 200-meter and 400-meter freestyle events.
20. Shruti Vora First Indian to Win 3 Star GP in Dressage
• Shruti Vora, astride Magnanimous, has become the first Indian rider to win a three-star Grand Prix
event- a historic achievement for the Indian equestrian.
• Shruti scored 67.761 points in the CDI-3 event in Lipica, Slovenia from June 7-9.
21. India’s Gulveer Singh Clinches Silver Medal In Men’s 5000 Metre Race
• In athletics, India’s Gulveer Singh has clinched the silver medal in the Men’s 5000-metre race at the
Portland Track Festival High-Performance Meet in Portland, US.
• The Asian Games bronze medallist also became the fastest Indian in the men’s 5000-metre race.
• Gulveer clocked the national record timing of 13 minutes 18.92 seconds to surpass the previous
record of 13 minutes 19.30 seconds, set by Avinash Sable last year.
• Dylan Jacobs of USA bagged the gold, while his compatriot Eric Van Der Els won the bronze medal.
22. Indian Swimmers Dhinidhi Desinghu & Srihari Nataraj Qualify For 2024 Paris Olympics
• In swimming, young Indian talent Dhinidhi Desinghu and seasoned campaigner Srihari Nataraj have
qualified for the 2024 Paris Olympics through the Universality quota.

YesMagazine
23. Rohit Sharma Becomes First Batter to Hit 200 Sixes in T20Is
• Rohit Sharma became the first player to hit 200 sixes in T20Is
during the T20 World Cup 2024 Super Eight Group 1 match
against Australia at the Daren Sammy National Cricket Stadium
in St. Luci
24. Magnus Carlsen claims victory in Norway Chess 2024
• Norway Chess 2024 tournament:
• Men's: Magnus Carlsen won the Norway Chess 2024 tournament after defeating Fabiano Caruana
with white pieces.
• Women's: Ju Wenjun claimed the title with 19 points ahead of Anna Muzychuk.
25. Rohit Sharma Rewrites Cricket Records at 9th ICC T20 World Cup
• The Indian cricket team, led by captain Rohit Sharma, kicked off their campaign at the 9th ICC T20
World Cup with a resounding 8- wicket victory over Ireland.
26. Seagram's Royal Stag renews tie with ICC until 2027
• Seagram's Royal Stag has extended its association with the International Cricket Council (ICC) for
four more years.
• The partnership until end-2027 extends Royal Stag's status as 'Official Supporter'
27. Armwrestling set to be included in upcoming Asian Youth Para Games
• The Asian Paralympic Committee (APC) announced the inclusion of armwrestling as an official sport
in the upcoming Asian Youth Para Games.
• The Games will take place in Tashkent, Uzbekistan in September-October 2025.
28. Record Prize Money for 2024 ICC Men’s T20 World Cup
• The ninth edition of the ICC Men’s T20 World Cup promises to be a thrilling spectacle, with the
winners set to take home a record-breaking prize money of at least $2.45 million.
• Winners: At least $2.45 million
• Runners-up: At least $1.28 million
• Losing Semi-finalists: $787,500 each
• Teams Exiting in Super 8s: $382,500 each
• Teams Placed 9th to 12th: $247,500 each
• Teams Placed 13th to 20th: $225,000 each
29. Indian-American Bruhat Soma Triumphs at Scripps National Spelling Bee
• Bruhat Soma, a 12-year-old Indian-American seventh-grader from Florida, has emerged victorious
at the prestigious Scripps National Spelling Bee.
30. India Joins Newly Formed World Boxing Body
• The Boxing Federation of India (BFI) has taken a significant step by agreeing to join the World
Boxing (WB), a newly established governing body formed after the International Olympic
Committee (IOC).
• The IOC had previously warned that any boxer whose National Federation adheres to the IBA would
be excluded from the Olympic Games in Los Angeles 2028.

YesMagazine
31. England Cricketer Brydon Carse Slapped with Three-Month Ban

• England’s fast-bowling allrounder Brydon Carse has been handed a three-month suspension from
all forms of cricket after being found guilty of breaching betting regulations.
32. MotoGP Italy: Mugello hattrick win for Maestro Bagnaia
• Francesco Bagnaia proved his mastery of Mugello with a dominant third consecutive home Italian
MotoGP success.
Schemes
1. Govt in talks to revamp SHAKTI policy for coal linkage process
• Discussion on: Scheme for Harnessing and Allocating Koyala
Transparently in India (SHAKTI) policy
• Agenda: to revamp the policy under which private electricity
projects, whose power purchase agreements (PPAs) were
signed before May 17, 2017 may have to go the auction route to
get coal linkage, which is at premium, instead of getting it at
notified price.
• What is SHAKTI Policy?
• Launched in 2018
• Ministry: Ministry of Power
• Aim: To procure aggregate power of 4500 MW for 5 years
• To help states that are facing power shortages and help generation plants to increase their
capacities.
2. PM Modi-led Cabinet approves govt assistance for constructing 3 crore rural, urban houses under
PMAY
• The NDA government decided to assist 3 crore households for house construction in the first cabinet
meeting.
• This decision was made under the PMAY scheme, with plans to construct two crore more houses in
the next five years.
• Under PMAY, total of 4.21 crore houses have been completed for the eligible poor families under
the housing schemes in the last 10 years.
• About the scheme:
• The government implemented Pradhan Mantri Awas Yojana to provide assistance to the eligible
rural and urban households for construction of houses with basic amenities.
• All the houses constructed under PMAY are provided the other basic amenities including household
toilets, LPG connection, electricity connection and functional household tap connection through
convergence with other schemes of Central Government and State Governments.
• During the Interim budget in February, Finance Minister Nirmala Sitharaman had announced the
construction of two crore more houses under the scheme in the next five years.

YesMagazine
3. Govt clears Rs 7,453 crore VGF scheme for offshore wind energy projects
• Approval to: The Viability Gap Funding (VGF) scheme for offshore wind energy projects
• Total outlay of Rs 7,453 crore.
• This includes:
• An outlay of Rs 6,853 crore for the installation and commissioning of 1 GW of offshore wind energy
projects (500 MW each off the coast of Gujarat and Tamil Nadu),
• A grant of Rs 600 crore for the upgradation of two ports to meet logistics requirements for offshore
wind energy projects.
• The VGF scheme is a major step towards implementation of the National Offshore Wind Energy
Policy notified in 2015
• Aim: To exploit the vast offshore wind energy potential that exists within the exclusive economic
zone of India
4. Centre Extends DHIS till June 2025 to Digitise Patients' Health Record
• Name of Scheme: Digital Health Incentive Scheme (DHIS)
• Aim: To digitise patients’ health records and linking them with the Ayushman Bharat Digital Health
Account (ABHA ID)
• Extended by: June 2025
• Reason: To further galvanise health facilities in embracing the digital prerequisites essential for
their operation
• The scheme was launched on January 1, 2023.
• The scheme helps reimburse hospitals their expenditure on digitising their facility.
• This expenditure was often reported as a significant bottleneck for hospitals to move to digital
health.

YesMagazine
Books & Authors

1. R. Ashwin’s ‘I Have the Streets: A Kutti Cricket Story’ – A Glimpse into
the Life of a Cricketing Legend
• Off-spinner Ravichandran Ashwin, one of the most accomplished
cricketers in the history of the game, is set to unveil his autobiography
titled 'I Have the Streets: A Kutti Cricket Story'.
2. A Book titled “A Fly on the RBI Wall” Authored by Alpana Killawala
• A Fly on the RBI Wall, offers an insightful glimpse into her journey and
the institution's transformation over 25 years.
3. Alia Bhatt Launches children’s book ‘Ed Finds A Home’
• Alia launched her debut picture book, ‘Ed Finds A Home’.
5. Bill Gates Unveils “Source Code”: A Memoir Revealing His
Remarkable Journey
• Microsoft co-founder Bill Gates has revealed plans to
release his highly anticipated memoir, titled “Source
Code: My Beginnings.” Set to hit the shelves on February
4, 2025.
6. Maharashtra Governor releases book titled ‘Gateways to the Sea: Historic Ports and Docks of
Mumbai Region’
• The Governor of Maharashtra Ramesh Bais released a book titled 'Gateways to the Sea: Historic
Ports and Docks of Mumbai Region'
• The book has been published by the Publications Division, Ministry of Information and
Broadcasting, Government of India.
It comprises of 18 articles by renowned authors, compiled by the Maritime Mumbai Museum Society
(MMMS).

YesMagazine
Ranks & Reports

1. Microfinance loans up 24.5% to Rs 4.3 trn in FY24
• Report by: Microfinance Industry Network
(MFIN)
• Data:
• The microfinance loan portfolio of lenders rose by
24.5% year-on-year (YoY) in 2023-24 to Rs
4,33,697 crore,
• The outstanding Gross Loan Portfolio (GLP) was
Rs 3,48,339 crore at the end of March 2023.
• The Y-o-Y growth was 22.03% in FY23.
• Reflecting buoyant demand for credit
• The microfinance lenders consist of banks, finance companies working as microfinance institutions
(NBFC-MFIs), small finance banks (SFBs), and finance companies with a certain portfolio of
microfinance loans and others.
• NBFC-MFIs were the largest provider of micro-credit with a loan amount outstanding of Rs 1,70,903
crore, accounting for 39.4 per cent of total industry portfolio.
• Banks had the second largest share of portfolio in micro-credit with an outstanding portfolio of Rs
1,44,022 crore, which is 33.2 per cent of total microcredit universe.
• SFBs had an outstanding microfinance loan book of Rs 74,278 crore with a total share of 17.1 per
cent.
• NBFCs account for another 9.3 per cent and Other MFIs account for 0.9 per cent of the universe.
• In terms of regional distribution of GLP, East & Northeast and South account for 62 per cent of the
total portfolio.
• Bihar remained the largest state in terms of portfolio outstanding followed by Tamil Nadu and Uttar
Pradesh.
2. India to remain fastest-growing among largest economies: World Bank

• Report title: Global Economic Prospects
• Released by: The World Bank
• India's GDP growth:
o FY25: 6.6 per cent
• Reflection:
• India will remain the fastest-growing of the world’s largest economies, although its pace of
expansion is expected to moderate
• The Reserve Bank of India (RBI) has raised its growth projection to 7.2 per cent for FY25.

YesMagazine
• Note: In FY24, the National Statistical Office has estimated gross domestic product (GDP) to have
grown at 8.2 per cent.
3. Groww's active client base tops 10 mn; becomes 1st broker co to attain feat
• Achievement: To secure active client base of 10 million mark
• Achieved by: Groww
• Data provided by: NSE
• Groww’s unique client codes (UCCs) stood at 10.36 million in
May, a quarter of total UCCs of 41.4 million.
• Note: The Bengaluru-based discount broker the country’s first such platform to achieve this
milestone.
• Zerodha Broking, which is the country’s most-profitable brokerage, has UCCs of 7.51 million,
cornering 18 per cent market share.
4. Commercial banks credit growth to moderate to 12-14% in FY25: Moody's

• Report by: Moody's
• The pace of credit growth of commercial banks in India is
expected to moderate in FY25 to 12-14 per cent.
• Reason: Due to challenges in raising resources and
regulatory concerns on unsecured credit.
• The moderation of credit growth will be faced by the non-
banking finance companies also.
• According to RBI data, banks reported a credit growth of
16.3 per cent in FY24, excluding the impact of the merger
of HDFC with HDFC Bank.
5. India reclaims fourth-biggest global equity market tag from Hong Kong
• Data by: Bloomberg
• India's equity markets have once again overtaken Hong Kong to reclaim the fourth-largest global
market tag.
• India’s market capitalization has soared 10 per cent to $5.2 trillion, or Rs 435 trillion (BSE-listed
companies).
• Hong Kong’s mcap is $5.17 trillion, down 5.4 per cent from $5.47 trillion (2024).
6. India sees 43% decline in FDI inflows in 2023, drops to 15th spot
• Data shared by: The United Nations Conference on Trade and Development (UNCTAD)
• Year: 2023
• Findings:

YesMagazine
• Foreign Direct Investment (FDI) flows to India plummeted by 43% in 2023 to $28 billion amid a
global decline of 2%.
• India dropped to 15th spot in 2023 from 8th position in 2022 in terms of FDI inflows.
• India slipped one spot to become the fourth-largest host country for greenfield project
announcements in 2023.
• In terms of FDI outflows, India’s rank grew from 23rd in 2022 to 20th in 2023
• Largest absolute drops in FDI inflows were registered in France, Australia, China, the US and India.
7. Indians' funds in Swiss banks plunge 70% to hit four-year low

• Data shared by: Switzerland's central bank
• Funds parked by Indian individuals and firms in Swiss banks fell sharply by 70% in 2023 to a four-
year low of 1.04 billion Swiss Francs (₹9,771 crore).
• The decline in aggregate funds of Indian clients with Swiss banks for the second consecutive year
• The total amount of CHF 1,039.8 million, described by the SNB as 'total liabilities' of Swiss banks or
'amounts due to' their Indian clients at the end of 2023
• It included:
o CHF 310 million in customer deposits (down from CHF 394 million at 2022-end),
o CHF 427 million held via other banks (down from CHF 1,110 million),
o CHF 10 million (down from CHF 24 million) through fiduciaries or trusts, and
o CHF 302 million as 'other amounts due to customers in form of bonds, securities and various
other financial instruments (down from CHF 1,896 million).
• UK topped the charts for foreign clients' money in Swiss banks at CHF 254 billion, it was followed
by the US (CHF 71 billion) at the second spot and France (CHF 64 billion) at the third place.
• India was placed at 67th place, down from 46th place at the end of 2022.
8. Public sector banks maintain significant lead in Indian banking landscape

• Report by: SBI (State Bank of India)
• The Public Sector Banks (PSBs) in India hold a dominant position in the banking sector.
• Accounting more than 50% of the banking business in terms of market share, branches, and
Automated Teller Machines (ATMs).
• Public sector banks hold over 63% of the total ATMs in the country,
whereas private banks manage only 35 per cent.
• In terms of deposits, the report reveals that public sector banks
maintain a significant lead, accounting for 59% of the total deposits
made by the public.
• In contrast, private banks hold a smaller share, with only 32 per cent of
total deposits.
• The digital banking landscape in India also sees public banks at the
forefront. PSBs lead with over 54 per cent of all credit cards issued in the country.
• Private banks, on the other hand, hold a 37.8 per cent share of the credit card market.

YesMagazine
• Public sector banks have shown remarkable efficiency, operating at an 82.76 per cent efficiency
rate.
• In comparison, private banks are operating at 79.59 per cent.
9. Forced Displacement Rose to 120 Million by the End of April 2024

• Report title: Global Trends Forced Displacement in 2023
• Published by: the United Nations High Commissioner for Refugees (UNHCR)
• Findings:
• The forced displacement has increased to 120 million by the end of April 2024.
• It is the 12 th consecutive annual increase.
• An estimated 117.3 million people remained forcibly displaced at the end of 2023.
• 1 in 69 people across the globe remains forcibly displaced due to conflict, violence, persecution and
human rights violations.
• The number of refugees who crossed international borders in 2023 has increased by 7% to 43.4
million.
• The report highlighted that the total number of asylum-seekers waiting for a decision by the end of
the year rose by 26% to 6.9 million.

YesMagazine
10. Environmental Performance Index 2024 has been released
• Prepared by researchers at Yale and Columbia universities

• The EPI chronicles 180 nations’ performance on multiple green parameters since the turn of the
millennium.
• India was ranked 176th out of 180 nations
• Myanmar, Laos, Pakistan, and Vietnam were the only countries that did worse than India on the
2024 EPI.

YesMagazine
• Denmark, Luxembourg, and Switzerland usually do well on the EPI because they use energy
efficiently and have strict rules about the climate.
11. India Most-represented Nation On Times Higher Education Impact Rankings List 2024
• Times Higher Education (THE) University Impact Rankings 2024
• 2,152 universities from 125 countries and regions were included
• India has made an impressive 105 university mentions in the list, becoming the most represented
nation.
• Turkey at second place and Pakistan at third.
• The first on the list is Western Sydney University, Australia, with a score of 99.7.
• This is its third consecutive year at the top.
• The University of Manchester, UK is placed at second, with a score of 98.5.
• University of Tasmania, Australia, has been placed at third.
• From India, Amrita Vishwa Vidyapeetham was given the 81st rank and institutions like JSS Academy
of Higher Education and Research, Lovely Professional University (LPU) in Manipal Academy of
Higher Education (MAHE) and Shoolini University of Biotechnology and Management Sciences,
were included in the band of 101 to 200.
• The BS Abdur Rahman Crescent Institute of Science and Technology came within the band of 201 to
300.
12. Mumbai Retains Top Spot as India’s Most Expensive City for Expats
• Report by: Mercer
• Report Title: 2024 Cost of Living Survey
• Hong Kong tops the global list as the most expensive city for international assignees
• Followed by Singapore, Zurich, Geneva, and Basel.
• Mumbai solidifies its position as India’s most expensive city for expatriates, climbing to 136th
globally and 21st in Asia.
• New Delhi follows at 30th within Asia (Gobally: 164th)
• Chennai has slipped five places to 189th
• Bengaluru came down six spots to 195th
• Hyderabad held steady at 202nd.
• Pune makes significant gains, jumping eight places to 205th
• Kolkata moves up four spots to 207th.
• Delhi, in 2024, recorded the sharpest rise in housing rents for expats, up by 12-15 per cent.
• Mumbai followed with a 6-8 per cent increase.
• Bengaluru, Pune, Hyderabad, and Chennai have experienced increases ranging from 2-6 per cent.
13. 4,300 millionaires likely to move out of India in 2024, UAE top destination
• Report by: Henley & Partner
• Prediction:

YesMagazine
• About 4,300 Indian millionaires are expected to move out of India in 2024
• If these projections hold, India will have the third-highest net outflow of millionaires in 2024 after
China (15,200) and the United Kingdom (9,500).
• About 1.28 lakh millionaires across the world are projected to migrate to a new country this year.
• The United Arab Emirates and the United States top the list of destinations.
14. UK Surpasses China to Become India’s 4th Largest Export Market

• Data by: Commerce department
• The United Kingdom (UK) has overtaken China to become India’s fourth-largest export market in
May 2024
• The UK was India’s sixth-largest export destination in May 2023.
• While exports to the UK grew to $1.37 billion in May, the shipments to China saw 3% growth at
$1.33 billion last month.
• Exports to the UK were dominated by items such as machinery, food items, pharmaceutical
products, textiles, jewellery, iron, and steel.
• Export to the Netherlands, which is also India’s third-largest export market, soared to $2.19 billion
with nearly 44% growth in May.
• Other countries: Saudi Arabia (8.46%), Singapore (4.64%), Bangladesh (13.47%), Germany
(6.74%), France (36.94%).
• The United States (US) continued to remain India’s largest export destination, with 13% growth,
followed by the United Arab Emirates (UAE).
15. India surpasses Pakistan in nuke race but China three times ahead
• Report by: Stockholm International Peace Research Institute (SIPRI)
• China is accelerating its nuclear weapons buildup and currently has 500 warheads, significantly
more than India's 172 and Pakistan's 170.
• The nuclear stockpiles stand at: Russia (4,380 warheads), US (3,708), France (290), UK (225), Israel
(90), and North Korea (50).
• An estimated 3,904 of these warheads are deployed with missiles and aircraft, with the rest being
kept in storage.
16. Sweden Tops, India at 63rd Rank on Global Energy Transition Index
• Global Energy Transition Index released by the World Economic Forum (WEF)
• India has been ranked 63rd out of 120 countries
• Improving three ranks from last year’s 67th position.
• European nations dominate the 2024 Index’s top ranks:
o Sweden
o Denmark
o Finland
o Switzerland

YesMagazine
o France
17. Vienna tops the list of 10 best cities to live in the world
• Report by: Economist Intelligence Unit (EIU)
• Report Title: Global Liveability Index
• The index ranks the liveability of 173 cities across five key categories, including stability, healthcare,
culture and environment, education and infrastructure.
• Topped by: Vienna (3rd year in a row)
• Pakistan’s Karachi, and Bangladesh’s capital Dhaka are amongst the least liveable cities in the world
• The 9 best cities to live in the world:
o Vienna, Austria
o Copenhagen, Denmark
o Zurich, Switzerland
o Melbourne, Australia
o Calgary, Canada (tied with Geneva)
o Geneva, Switzerland (tie)
o Sydney, Australia (tied with Vancouver)
o Vancouver, Canada (tie)
o Osaka, Japan (tied with Aukland)
o Auckland, New Zealand (tie)
• The 10 cities that featured at the bottom of the list:
o Caracas, Venezuela
o Kyiv, Ukraine
o Port Moresby, PNG
o Harare, Zimbabwe
o Dhaka, Bangladesh
o Karachi, Pakistan
o Lagos, Nigeria
o Algiers, Algeria
o Tripoli, Libya
o Damascus, Syria
18. Paraguay Becomes 100th Full Member Of The International Solar Alliance
• Paraguay has become the 100th country to join as full member of the International Solar Alliance.
• Paraguay handed over the Instrument of Ratification, during the meeting of Ambassador Fleming
Raul Duarte of Paraguay with Head of Depository, Joint Secretary in the Ministry, Abhishek Singh in
New Delhi.
19. State of Global air-2024’ Report released

• Report by: Health Effects Institute and UNICEF
• Aim: To examine global air pollution trends from 1990 to 2021, highlighting significant health
impacts.

YesMagazine
• Almost the entire global population (99%) resides in areas with unhealthy levels of PM2.5 pollution,
which refers to fine airborne particles less than 2.5 micrometres in diameter.
• Low- and middle-income countries typically face 1.3 to 4 times higher levels of PM2.5 exposure.
• In India, along with China, over half of the global disease burden associated with air pollution was
reported, and nearly half of all ozone-related Chronic Obstructive Pulmonary Disorder (COPD)
deaths occurred in India in 2021.
20. Global Gas Flaring Tracker Report released
• Released by: World Bank
• Compiled with the help of World Bank's Global Flaring and
• Methane Reduction (GFMR) Partnership.
• Key Findings
• Global gas flaring in 2023 has increased by 7% from 2022 leading to a rise of 23 million tonnes of
CO2 emissions.
• Major Contributor: Russia, Iran, Iraq, USA, etc.
• About Gas Flaring
• Refers to burning of the natural gas associated with oil extraction.
• Reasons:
• Safety Concern (de-pressurise the equipment).
• Economical (logistical issues in transporting gases from oil fields are located in remote and
inaccessible places).
• Key Measures taken: Zero Routine Flaring by 2030 (ZRF) initiative (World Bank)
21. 1 in 4 Children Globally Live in Severe Child Food Poverty: UNICEF Child Nutrition Report 2024
• United Nations Children's Fund (UNICEF) released 2024 Child Nutrition Report titled "Child Food
Poverty: Nutrition Deprivation in Early Childhood.
• Globally, 1 in 4 children (27%) are living in severe child food poverty in early childhood, this
amounts to around 181 million children under 5 years of age.
• These children are 50% more likely to experience wasting, a form of malnutrition which is defined
as low weight-for-height.
• For the first time, this report examines dietary deprivation among the world's youngest people in
nearly 100 countries, and across all income groups.
22. State of Global air-2024’ Report released

• Report by: Health Effects Institute and UNICEF
• Aim: To examine global air pollution trends from 1990 to 2021, highlighting significant health
impacts.
• Almost the entire global population (99%) resides in areas with unhealthy levels of PM2.5 pollution,
which refers to fine airborne particles less than 2.5 micrometres in diameter.
• Low- and middle-income countries typically face 1.3 to 4 times higher levels of PM2.5 exposure.

YesMagazine
• In India, along with China, over half of the global disease burden associated with air pollution was
reported, and nearly half of all ozone-related Chronic Obstructive Pulmonary Disorder (COPD)
deaths occurred in India in 2021.
23. Global Gas Flaring Tracker Report released
• Released by: World Bank
• Compiled with the help of World Bank's Global Flaring and
• Methane Reduction (GFMR) Partnership.
• Key Findings
• Global gas flaring in 2023 has increased by 7% from 2022 leading to a rise of 23 million tonnes of
CO2 emissions.
• Major Contributor: Russia, Iran, Iraq, USA, etc.
• About Gas Flaring
• Refers to burning of the natural gas associated with oil extraction.
• Reasons:
• Safety Concern (de-pressurise the equipment).
• Economical (logistical issues in transporting gases from oil fields are located in remote and
inaccessible places).
• Key Measures taken: Zero Routine Flaring by 2030 (ZRF) initiative (World Bank)

YesMagazine
Important Days
1. World Hydrography Day 2024 observed on June 21
• The theme of WHD 2024 is "Hydrographic Information -
Enhancing Safety, Efficiency and Sustainability in Marine
Activities".
2. World Music Day Is Being Celebrated on June 21
• The purpose of World Music Day is to provide a platform for both
professional and amateur artists to express themselves through
their craft, under the inspiring tagline “Faites de la musique,” which translates to “Make music.”
3. World Refugee Day 2024 observed on June 20
• The theme for World Refugee Day 2024 is “Everyone is Welcome.”
4. International Yoga Day observed on June 21
• International Yoga Day 2024 celebrates its 10th anniversary with the theme “Yoga for Self and
Society.”
• The Central Council for Research in Yoga & Naturopathy (CCRYN), in collaboration with Svyasa,
Deemed to be University, organized a Conference on “Yoga for Space” at S-Vyasa University,
Bengaluru.
• The Ministry of AYUSH announced initiatives such as the “Yoga with Family” global video contest,
YogaTech Challenges for innovative yoga ideas by Indian Startups, Yoga Quiz, and Yoga Jingles
5. PM Modi To Lead 10th International Day Of Yoga Celebrations In Srinagar
• International Day Of Yoga: 21st June
• Edition: 10th
• Joined by: PM Narendra Modi
• Location: Sri Nagar, Jammu & Kashmir
• 2024 theme: Yoga for Self and Society
• Note: Indian Space Research Organisation
(ISRO) is organizing a unique initiative ‘Yoga for Space’ to mark the International Day of Yoga.
6. World Sickle Cell Day observed on June 19
• Theme 2024: Hope Through Progress: Advancing Sickle Cell Care Globally
• Note:
• Prime Minister Narendra Modi launched the National Sickle Cell Anaemia Elimination Mission from
Shahdol, Madhya Pradesh on 1st July, 2023.
• Government of India embarked on the ‘Mission for Elimination of SCD by 2047’
7. Sustainable Gastronomy Day 2024 Observed on 18th June

YesMagazine
• In 2016, the UN General Assembly designated June 18th as Sustainable Gastronomy Day,
recognizing gastronomy as a cultural expression linked to the world’s natural and cultural diversity.
8. International Day for Countering Hate Speech 2024
• Date: June 18
• This year’s theme, “The Power of Youth for Countering and Addressing Hate Speech,”
9. World Day to Combat Desertification and Drought 2024
• Date: 17th June
• Theme 2024: United for Land. Our Legacy. Our Future.
10. International Day of Family Remittances 2024 Observed on 16th June
• The theme for the 2023-2024 #FamilyRemittances campaign is “Digital remittances towards
financial inclusion and cost reduction.”
11. World Elder Abuse Awareness Day 2024 Observed on 15 June
• This year’s theme, “Spotlight on Older Persons in Emergencies,”
12. New And Renewable Energy Ministry Organises ‘Global Wind Day’ In Delhi
• Date: June 15
• Ministry of New and Renewable Energy organises 'Global Wind Day 2024' event with a central
theme of “Pawan-Urja: Powering the Future of India”
• Solar and wind energy to be able to have a more reliable grid and reach the target of 500 GigaWatt
renewable energy capacity by 2030 and net zero by 2070.
13. International Archives day 2024 Observed on 9th June
• The idea of establishing a specific day to honor the importance of archives emerged during the 2004
International Congress on Archives held in Vienna
14. World Accreditation Day 2024 Observed on 9th June
• The theme for World Accreditation Day 2024 is “Accreditation: Empowering Tomorrow and
Shaping the Future.”
15. World Brain Tumour Day 2024 Observed on 08th June
• The theme for World Brain Tumour Day 2024 is ‘Brain Health and Prevention’.
16. World Oceans Day 2024 Observed on June 8th
• World Oceans Day on June 8, 2024, it’s crucial to recognize the vital role our oceans play in
sustaining life on Earth.
• Covering nearly 70% of the planet’s surface, these vast bodies of water are not only home to
countless marine species but also produce around 50% of the world’s oxygen.
• The theme for World Oceans Day 2024 is “Awaken New Depths.”
17. World Day Against Child Labour: Mobilizing Efforts To End Exploitation And Raise Awareness
• World Day Against Child Labour is being observed on June 12
• The theme of this year, World Day Against Child Labour is – Let’s act on our commitments: End Child
Labour.

YesMagazine
18. 2025 the International Year of Quantum Science and Technology: UN
• The United Nations has made a big announcement: 2025 will be the
“International Year of Quantum Science and Technology.”
• This choice was made after a motion was started by Mexico in May
2023 and backed by nearly 60 countries by November of that same
year.
• At the UNESCO General Conference, it was made legal.
19. World Blood Donor Day observed on 14 June
• The theme for World Blood Donor Day 2024 is: "20 years of celebrating giving: thank you blood
donors!"
20. World Refrigeration Day 2024
• Date: 26 June
• Theme 2024: Temperature Matters..... absolutely!
21. International Day in Support of Victims of Torture 2024
• Every year on June 26th, the world observes the International Day in Support of Victims of Torture.
• This important day was established by the United Nations in 1997 to raise awareness about the
terrible practice of torture and to show support for those who have suffered from it.
22. International Day Against Drug Abuse & Illicit Trafficking Observed
• The day, also known as World Drug Day, is marked on June 26th every year to strengthen action
and cooperation in achieving a world free of drug abuse.
• The theme of this year is “The evidence is clear: invest in prevention.”
23. International Day of Women in Diplomacy 2024 Observed on 24th June
• The International Day of Women in Diplomacy, observed annually on June 24th, recognizes the
crucial role of women in shaping international relations and promoting peace.
24. World Rainforest Day 2024 observed on 22 June
• The theme for World Rainforest Day 2024 is “Empowering the World in
Defense of Our Rainforests.”
25. World Food Safety Day 2024 observed on 7th June
• World Food Safety Day is an annual event celebrated on June 7th.
• It aims to raise awareness about the importance of food safety and
promote actions to prevent, detect, and manage foodborne risks.
• The theme for World Food Safety Day 2024 is“Food Safety: Prepare for
the Unexpected.”
26. International Day for the Fight against Illegal, Unreported and Unregulated Fishing
• Date: 5th June
• Aim: To address the issue of IUU fishing activities, one of the greatest threats to marine ecosystems.

YesMagazine
27. World Environment Day, 2024 observed on 5th June

• Theme 2024: World Environment Day 2024 focuses on land restoration, halting desertification and
building drought resilience under the slogan “Our land. Our future. We are “Generation
Restoration.”
• Land restoration is a key pillar of the UN Decade on Ecosystem Restoration (2021-2030)
• Hosted by: The Kingdom of Saudi Arabia hosted World Environment Day 2024
28. World Milk Day 2024 observed on June 1
• This year’s theme will focus on “celebrating the vital role dairy plays in delivering quality nutrition
to nourish the world.”
• The agency emphasizes that “dairy is an accessible, affordable, and nutrient-dense food, and an
essential part of balanced diets across the world.”
29. Global Day of Parents 2024 Observed on 01st June
• The Global Day of Parents, observed annually on 1 June, is a significant occasion that aims to raise
international awareness about the importance of parenthood and promote the healthy
development of children by their parents.
Summit & Conferences

1. India-IORA Cruise Tourism Conference Concludes In New Delhi
• Title of conference: India-IORA (Indian Ocean Rim
Association) Cruise Tourism Conference
• Location: New Delhi, India
• Date: 13-14 June 2024
• Member states: Bangladesh, Kenya, Madagascar,
Maldives, Mozambique, Sri Lanka, South Africa,
Seychelles and Tanzania
• To foster cooperation, knowledge sharing, and
strategic partnerships to maximize the potential of cruise, coastal, and marine tourism within the
IORA region.
• Objective: To bring together government and business stakeholders from IORA Member States and
Dialogue Partners working in the Indian Ocean Region cruise tourism sector and related sectors.
• What is IORA?
• Indian Ocean Rim Association (IORA)
• Inter-governmental organisation
• Aim: To strengthen regional cooperation and sustainable development within the Indian Ocean
region through its 22-member states and 10 dialogue partners.

YesMagazine
• Mumbai Port Trust (MbPT) is a port which lies midway on the West coast of India, on the natural
deep-water harbour of Mumbai in Maharashtra.
• The harbour spread over 400 square kilometres and opens to the south to the Arabian Sea.
• MbPT has initiated a lot of initiatives to establish Mumbai and India as one of the prominent cruise
destination.
2. India Participates in the Summit on Peace in Ukraine

• Event: Summit on Peace in Ukraine
• Hosted by: Switzerland
• Location: Burgenstock
• Date: June 15-16, 2024
• India's representation: Pavan Kapoor, Secretary (West) in the Ministry of External Affairs
• India attended the Opening and Closing Plenary Sessions of the Summit
• But did not align itself with any communique or document that emerged.
• Ukraine
• Capital: Kyiv
• President: Volodymyr Zelensky
• Currency: Ukrainian Hryvnia (UAH)
• Official Language: Ukrainian
• Geography: Located in Eastern Europe, bordered by Russia, Belarus, Poland, Slovakia, Hungary,
Romania, and Moldova.
3. Paris hosts the world’s premier defense and security expo

• Event: Eurosatory 2024 (World’s premier defense and security expo)
• Host by: Paris, France
• Date: June 17-21, 2024
• Location: Paris Nord Villepinte Exhibition Centre
• Visitors can witness the capabilities of French internal security forces, the French Army, and
numerous international defense manufacturers.
• Eurosatory 2024 boasts a packed conference agenda featuring speakers from the French Ministry
of the Armed Forces, Ministry of the Interior, National Gendarmerie Air Force, NATO, and the EU.
4. Bonn Climate Conference 2024 Concluded
• Event: Bonn Climate Conference 2024

• Location: Bonn, Germany
• Raising concerns for a potentially challenging road
ahead to the COP29 summit to be held in Baku,
Azerbaijan, later this year.

YesMagazine
• The 60th session of the UNFCCC Subsidiary Bodies (SB60), also known as the Bonn Climate Change
Conference, aimed to pave the way for COP29 by tackling critical issues related to climate action.
Discussions centered on:
• Establishing guidelines for carbon markets under the Paris Agreement Articles 6.2 and 6.4, which
remained unresolved at COP28.
• The New Collective Quantified Goal (NCQG) on climate finance for developing countries, as
mandated by the Paris Agreement.
• Challenges Ahead for COP29:
o Geopolitical Tensions
o Focus on Mitigation Over Adaptation
o Limited Progress on Key Issues
o Delivery of Climate Finance Pledges
5. 112th International Labour Conference at Geneva, Switzerland

• Event: 112th International Labour Conference
• Location: Geneva, Switzerland
• Date: 3-14 June 2024
• Attended by more than 4,900 delegates – representing Governments, and Employers’ and Worker
• India's representation: Indian tripartite delegation led by Secretary (Labour & Employment), Ms.
Sumita Dawra, participated
• About International Labour Organization:
• It is founded in October 1919 under the League of Nations.
• It is one of the first and oldest specialised agencies of the UN.
• The ILO has 187 member states: 186 out of 193 UN member states plus the Cook Islands.
• It is headquartered in Geneva, Switzerland
6. First International Dairy Federation Asia-Pacific Summit in Kochi

• Event: International Dairy Federation Asia-Pacific Summit
• Edition: First
• Date: June 26th to June 28th 2024
• Discussion on: New ideas and problems in the dairy industry
• Organized by: Union Ministry of Fisheries, Animal Husbandry and Dairying, National Dairy
Development Board (NDDB), and the International Dairy Federation (IDF)
• Union Minister of Fisheries, Animal Husbandry and Dairying: Rajiv Ranjan Singh
7. India To Host 64th ISO Council Meeting From June 25

• Name of Event: International Sugar Organisation (ISO) Council Meeting
• Edition: 64th
• Host by: India

YesMagazine

• Delegates from more than 30 countries and representatives of many international organisations
will participate.
• A workshop titled ‘Sugar and Biofuels – Emerging Vistas’ is also being organised at Bharat
Mandapam.
• Minister of Consumer Affairs, Food and Public Distribution and New and Renewable Energy,
Pralhad Joshi, Union will inaugurate the workshop.
• ISO Council nominated India as the Chair of the organisation for 2024 as India is the world’s largest
consumer and second-largest producer of sugar.
• Note: ISO has about 85 countries as members.
8. 67th Global Environment Facility Council

• Location: Washington, DC, The USA
• Date: 17-20 June 2024
• Approved: A total of $736.4 million was approved to support 34 nature conservation and renewal
projects globally
• The GBFF gave $37.8 million to improve the management of protected areas in Brazil and Mexico.
• For India:
• $6.7 million project to improve the protection of biodiversity and grow protected places that is in
line with the Kunming-Montreal Global Biodiversity Framework.
• A $10.7 million plan to protect marshes, forests, and grasslands that are important for migrating
birds along the Central Asian Flyway.
9. RBI Governor Addresses Second Edition Of Global Conference On Financial Resilience

• Event: Global Conference On Financial Resilience
• Edition: Second
• Attended by: RBI Governor Shaktikanta Das
• Organized by: The College of Supervisors (CoS) of RBI in Mumbai
• RBI's Governor's view:
• Transformative potential of advanced and emerging technologies such as artificial intelligence (AI),
machine learning (ML), and big data analytics in financial institutions.
• AI and ML can significantly enhance predictive analytics, enabling banks and NBFCs to identify
potential risks and trends more accurately.
Science & Technology

1. South Korean Scientists Create ‘Meaty Rice’ for Sustainable Protein
• Development of: Meaty Rice

YesMagazine
• Developed by: Scientists at Yonsei University in Seoul,

South Korea
• More environmentally friendly source of protein that
doesn’t involve raising animals.
• Creation of ‘Meaty Rice’
• In this process,
• Fish gelatine is spread over a rice grain to help the
injected beef cells stick
• These grains are grown in a Petri dish for about 11 days
• Professor Hong Jin-kee uses the fact that rice has a slightly open structure to his advantage.
• This makes it a great place for cells to grow evenly inside the grain.
• This new method gets rid of the need to kill animals, which addresses the moral issues that come
with eating meat.
2. Wartsila launches world's first largescale 100% hydrogen-ready engine power plant
• Launch of: World's first large-scale 100% hydrogen-ready
engine power plant
• Launched by: Wartsila
• The new engine power plant can run on natural gas and 25%
hydrogen blends.
• It has completed more than 1 million running hours, with over
1,000 MW installed capacity globally
• The 100% hydrogen-ready engine is expected to be available for
orders in 2025 , and available for delivery from 2026.
3. Denmark Set to Impose World’s First Carbon Tax on Gassy Cattle

• Denmark plans to implement a tax on livestock farmers starting in 2030
• First nation to do so.
• This initiative targets methane emissions from cows, sheep, and pigs, which are significant
contributors to global warming.
• The goal is to achieve a 70% reduction in Danish greenhouse gas emissions from 1990 levels by the
year 2030.
• From 2030, livestock farmers will be taxed 300 kroner ($43) per ton of carbon dioxide equivalent,
rising to 750 kroner ($108) by 2035.
4. Airbus unveils concept of unmanned wingman protecting manned fighter jets

• Airbus has revealed its Wingman, an unmanned drone.
• It works with and is commanded by a pilot in a fighter jet such as the Eurofighter.

YesMagazine
• Airbus’ Wingman is a fighter-type drone that would take on high-risk mission tasks that would pose
a bigger threat to manned-only aircraft.
• Wingmen drones, which are also known as manned-unmanned teaming (MUM-T) drones.
• Fly alongside and work with a manned fighter aircraft.
• Airbus has presented a full scale model at the ILA Event in Germany of its Wingman drone to
showcase its capabilities, such as low observability, the integration of various armaments, advanced
sensors, connectivity and teaming solutions.
5. India, US working for training ISRO astronauts at NASA’s Johnson Space Center
• India and the US concluded the Strategic Framework for Human Spaceflight Cooperation to deepen
interoperability in space and are working toward commencing advanced training for ISRO
astronauts at the NASA Johnson Space Center.
• A fact-sheet issued by the US and India after the iCET Dialogue between US National Security
Adviser (NSA) Jake Sullivan and National Security Advisor Ajit Doval said the two sides are also
exploring opportunities to participate in the Lunar Gateway Programme.
• The Lunar Gateway Programme aims to build a space station around the moon as part of the
collaborative Artemis programme spearheaded by the US.
• The space agencies of the two countries are preparing for the launch of the NASA-ISRO Synthetic
Aperture Radar, a jointly developed satellite that will map the entirety of the Earth’s surface twice
every 12 days as part of efforts to combat climate change and other global challenges together.
6. Reliance Jio Platforms’ JV receives approval from IN-SPACe to launch satellite internet in India
• A joint venture between Reliance Industries’ Jio Platforms and Luxembourg-based SES has received
the approval from Indian space regulator, Indian National Space Promotion and Authorisation
Centre (IN-SPACe), to operate satellites in the country.
• The approvals were issued to Orbit Connect India that will provide satellite-based high-speed
internet access.
• This development comes amid attempts by Elon Musk’s Starlink and Amazon to receive similar
approvals for satellite communication services.
7. MRU Installs GNSS Receiver In Partnership with ISRO
• Collab: Manav Rachna University (MRU) and National Atmospheric Research Laboratory (NARL)-
Indian Space Research Organization (ISRO)
• Reason: To install a Global Navigation Satellite System (GNSS) receiver
• Manav Rachna University (MRU) becomes the First University in Delhi NCR to install a Global
Navigation Satellite System (GNSS) receiver at Manav Rachna Campus
8. Chinese Scientists Discover New Pattern of Solar Rotation
• Chinese scientists have made a significant breakthrough in solar research through the use of their
solar exploration satellite, the Chinese H-alpha Solar Explorer (CHASE), which has led to the
discovery of a new pattern of solar atmospheric rotation.
• The Chinese H-alpha Solar Explorer (CHASE), dubbed “Xihe” – Goddess of the Sun, was launched on
October 14, 2021 as the first solar space mission of China National Space Administration (CNSA).

YesMagazine
• The team successfully generated a precise three-dimensional representation of solar atmospheric

rotation for the first time, the findings of which have been published in the renowned international
journal “Nature Astronomy”
• The data was obtained by the CHASE satellite, China’s first solar scientific and technological
experimental satellite which was launched back in 2021.
• The Sun rotates on its axis once in about 27 days. This rotation was first detected by observing the
motion of sunspots.
• The Sun’s rotation axis is tilted by about 7.25 degrees from the axis of the Earth’s orbit so we see
more of the Sun’s north pole in September of each year and more of its south pole in March.
9. ISRO Releases Stunning Images Of Sun Captured By Aditya L1 Satellite
• Indian Space Research Organisation (ISRO) has released stunning images of the Sun captured by the
Aditya L1 satellite during a major geomagnetic storm in May 2024.
• The two remote sensing payloads, namely the Solar UltraViolet Imaging Telescope (SUIT) and the
Visible Emission Line Coronagraph (VELC), along with other payloads, captured these images from
the Lagrange point in space.
• The images released by ISRO clearly show magnetically active regions with large solar flares on the
Sun’s surface.
• The solar emissions depict the relative brightness of sunspots, umbra, penumbra, and plages.
• These images will assist astrophysicist in studying solar flares, their energy distribution, sunspots,
UV radiation across a wide wavelength range, and long-term solar variations.
10. Chang'e-7 mission: Egypt, Bahrain join China to build hyperspectral
camera
• Egypt and Bahrain have joined China as international partners to
develop and deliver scientific instruments for the Chang’e-7 mission.
• The Chinese lunar mission aimed at searching for water ice at the
moon’s South Pole in 2026,
• The Egyptian Space Agency, Bahrain’s National Space Science Agency,
and the Changchun Institute of Optics, Fine Mechanics and Physics
signed a cooperation agreement for the joint development of a
hyperspectral camera.
11. Three Craters on Mars Named for Physicists Devendra Lal, Towns in UP, Bihar
• 'Lal', 'Mursan' and 'Hilsa,', these are the names given to three craters on the surface of Mars recently
discovered by Ahmedabad-based Physical Research Laboratory (PRL), that hint at the red planet's.
• Lal has been named after legendary cosmic ray physicist from Varanasi, the late Professor Devendra
Lal.
• The other two have been named after Mursan town in UP’s Hathras district, and Hilsa town in
Nalanda district of Bihar.
12. NASA, SpaceX Launches Game-Changing Weather Satellite GOES-U
• SpaceX has launched NASA's final satellite for the NOAA program, enhancing continuous weather
monitoring across the Western Hemisphere.

YesMagazine
• This launch improves the US ability to monitor solar flares from eight-hour intervals to every 30
minutes.
• GOES-U lifted off from NASA’s Kennedy Space Center in Florida aboard a SpaceX Falcon Heavy
rocket.
• It had deployed its solar arrays upon reaching a geostationary orbit about 22,200 miles above Earth.
• It will be renamed GOES-19 once settled, replacing the previous satellite, GOES-T.
• GOES-U will provide continuous monitoring of weather conditions over extensive regions including
North America (contiguous United States and Mexico), Central and South America, the Caribbean,
the Atlantic Ocean, and the west coast of Africa.
13. Indian-French TRISHNA Satellite Targets Climate Change Impacts
• The Indian Space Research Organization (ISRO) and the French Space Agency (CNES) have agreed
to work together on a satellite mission called TRISHNA.
• This is because rising temperatures around the world mean that environmental monitoring needs
to be better.
• It shed light on the satellite’s abilities and how it might help in tracking changes in the environment
caused by climate change.
• The Thermal Infra-Red Imaging Satellite for High-resolution Natural Resource
Assessment, or TRISHNA, is a big satellite project whose only goal is to take detailed pictures of
the Earth’s surface.
• TRISHNA is set to be launched in 2026 and will work from a sun-synchronous orbit 761 km above
Earth.
• Its main job will be to keep a close eye on many environmental and climate factors.
14. Russian cosmonaut becomes 1st person to spend 1,000 cumulative days in space
• Roscosmos state corporation cosmonaut Oleg Kononenko, who currently works at the International
Space Station has booked a record of 1,000 days for the first time in the world.
• His current trip to the ISS began Sept 15, 2023, when he launched alongside NASA astronaut Loral
O’Hara and compatriot Nikolai Chub.
• His first was Expedition 17 to the ISS, which launched in April 2008.
15. Sunita Williams scripts history as pilot of maiden Starliner flight
• Indian-Origin NASA astronaut Sunita Williams, along with Butch Wilmore, has become the first to
fly to space aboard the Boeing Starliner’s in the first-ever crewed mission.
• The 59-year-old Williams created history by becoming the first woman to fly on the maiden mission
of a new human-rated spacecraft.
• The crew was launched to fly aboard the United Launch Alliance’s Atlas V rocket from the Space
Launch Complex-41 at the Cape Canaveral Space Force Station in Florida
16. South Korea Establishes National Space Agency, KASA
• South Korea has officially launched its space agency, the Korea AeroSpace Administration (KASA)
• Aim: To lead policy and industrial development in its aerospace sector
• The new agency is based in Sacheon, South Gyeongsang Province, with an annual budget of 758.9
billion won ($556 million).
• The country’s first lunar lander is planned for 2032.

YesMagazine
• South Korea plans at least three more space launches by 2027 and has plans to launch military
satellites.
17. Boeing, NASA Set Starliner Launch for June 5
• Boeing and NASA plan to launch the Starliner space capsule on

June 5.
• The first effort to launch was called off because of technical
problems.
• The launch was supposed to happen from Florida’s Kennedy
Space Center, but a problem with the computer system on the
ground stopped the process.
• Boeing’s first trip with people on board to the International
Space Station (ISS) on the CST-200 Starliner makes the
mission very important.
• This is a big step for Boeing toward getting a bigger share of NASA’s space research projects.
18. ISRO develops PraVaHa software for aerodynamic design and analysis
• The Indian Space Research Organisation (ISRO) has developed Computational Fluid Dynamics
(CFD) software named Parallel RANS Solver for Aerospace Vehicle Aero-thermo-dynamic Analysis
(PraVaHa).
• This software was developed in ISRO’s Vikram Sarabhai Space Centre (VSSC).
• It can simulate external and internal flows on launch vehicles, winged and non winged re-entry
vehicles.
19. China’s Chang’e-6 Probe Begins Return Journey From Moon’s Far Side
• China’s national space agency today announced that its Chang’e-6 probe has lifted off from the far
side of the moon, starting its journey back towards Earth.
• The probe’s successful departure from the moon means China is closer to becoming the first country
to return samples from the far side of the moon, which permanently faces away from Earth.
• The probe, which departed the moon at 7:38 am local time (2338 GMT) successfully completed its
sample collection from June 2-3.
20. ISRO and Wipro 3D Collaborate on 3D-Printed Rocket Engine
• Collab between: ISRO and Wipro 3D
• Reason: Developed and tested a 3D-printed rocket engine for India's PSLV, showcasing
advancements in additive manufacturing technology.
• The engine, designed for the fourth stage (PS4).
• ISRO implemented Design for Additive Manufacturing (DfAM) techniques to redesign the
conventionally manufactured PS4 engine.
• By utilizing Laser Powder Bed Fusion, the number of engine components was reduced from 14 to a
single piece, eliminating 19 weld joints.
21. Agnikul eyes to launch satellites by 2025

YesMagazine
• After the successful test-flight of Agnibaan SOrTeD, Chennai-based space start-up Agnikul Cosmos
is hoping to start launching satellites early next year.
• Agnikul co-founder and Chief Executive Officer Srinath Ravichandran said the 3D-printed semi-
cryogenic engines and the rocket will offer quick turnaround for customers who will be able to have
customised launch vehicles for their satellites.
22. NASA, ESA Develop Standardized Lunar Time System
• Under the Artemis program, NASA and the European Space Agency (ESA) are working together to
set up a regular time system for the moon.
• The goal of this new idea is to help people go back to the Moon soon, and to make it easier for all the
different private and public groups that want to explore the Moon to work together.
• The Moon’s day-night cycle lasts about 29.5 Earth days, which is much longer than Earth’s 24-hour
rotation time.
• This needs a different way of keeping track of time to keep things consistent.
• The time difference of about 1.28 seconds each way in talks between Earth and the Moon needs to
be taken into account to make sure that everything works correctly.
23. Pakistan launches multi-mission communication satellite from China
• Pakistan successfully launched a multi-mission communication satellite
named PAKSAT MM1, in collaboration with China.
• This marks Islamabad's second satellite launch within the span of a
month.
24. NASA’s Magellan Mission Discovers Ongoing Venus Volcanic Activity
• NASA's Magellan mission has provided direct evidence of recent
volcanic activity on Venus.
• Scientists analyzing archival data identified new lava flows at two locations.
• From 1990 to 1992, NASA’s Magellan mission, managed by the Jet Propulsion Laboratory (JPL) in
Southern California, mapped 98% of Venus’s surface.
• The mission provided the most detailed images of Venus to date, using synthetic aperture radar to
penetrate the planet’s thick cloud cover.
• Led by Davide Sulcanese of d’Annunzio University in Pescara, Italy, the study analyzed Magellan’s
radar data to uncover new lava flows in two locations: Sif Mons in Eistla Regio and the western part
of Niobe Planitia.
Apps & Portals

1. SBI launches ‘SME Digital Business Loans
• Launch of: SME Digital Business Loans
• Launched by: The State Bank of India (SBI)

YesMagazine
• Offer: End-to-end sanction turnaround time of up to 45 minutes for SMEs (small and medium
enterprises)
• For loans up to Rs 50 lakh:
• SBI has waived the requirement for financial statements
• Relying instead on transaction history and GST returns for appraisal.
2. ICICI Pru Life activates WhatsApp, Digital Rupee for premium payment
• Activation of: WhatsApp, Digital Rupee for premium payment
• Activated by: ICICI Pru Life
• The insurer has integrated CBDC payments by
adopting the UPI Intent feature, which
leverages the UPI interoperability of CBDC.
• What is CBDC?
• Central Bank Digital Currency
• Launched by: The Reserve Bank of India (RBI)
• It is also known as the e-rupee.
• A CBDC is a legal tender issued by a central
bank in digital form.
• It is the same as a fiat currency and is
exchangeable one-to-one with the fiat
currency.
3. CBIC to launch automated currency exchange rate publishing system on July 4

• Launch of: Exchange Rate Automation Module (ERAM) system
• Launch by: Central Board of Indirect Taxes and Customs (CBIC)
• Date: July 4
• Replace: Existing manual process of notifying exchange rates through a notification
• ERAM is a significant step towards trade facilitation as the exchange rates of 22 currencies would
now be published online in advance for ease of consumption by all importers and exporters
• These exchange rates would be made available on the ICEGATE website twice a month i.e. on the
evening of the 1st and 3rd Thursdays of the month and would be effective from midnight of the
following day.
4. ICICI Bank introduces ‘SmartLock’ safety measure on iMobile Pay
• Introduction of: SmartLock
• Introduced by: ICICI Bank
• Reason: To empower customers to lock/unlock access to internet banking, UPI (including payments
from other UPI apps linked to the bank account), credit and debit cards, simply by clicking a button.
• The “first-of-its-kind” measure in the country’s banking sector will be available of iMobile Pay.

YesMagazine
5. Reserve Bank of India Updates URL for ‘Database on Indian Economy’ Portal
• The Reserve Bank of India (RBI) has announced a significant update to its ‘Database on Indian
Economy’ (DBIE) portal, effective immediately.
• The portal’s domain address will now be accessed through https://data.rbi.org.in, consolidating its
services and ensuring seamless access for users.
• Previously used URLs, such as https://dbie.rbi.org.in and https://cimsdbie.rbi.org.in, will
automatically redirect to the new address.
• Initially launched on November 1, 2004, the DBIE portal has evolved into a crucial resource for
accessing a comprehensive range of economic and financial statistics
6. Hands-on Training Workshop on e-SAKSHI Portal
• Hands-on Training Workshop on e-SAKSHI Portal for revised fund flow procedure under Members
of Parliament Local Area Development (MPLAD) Scheme
• Organized by: Ministry of Statistics and Programme Implementation (MoSPI)
• Date: 20 and 21 June 2024
• Location: New Delhi.
• Attended by: Representatives from all States/UTs and district officials
• MPLAD Scheme:
• An amount of Rs. 5 crore is allocated to each Member of Parliament (MP)
• They can recommend development works for creating durable community assets based on
locally felt needs.
• The scheme has an annual outlay of around Rs. 4000 crore
• It is used for implementation of recommended works sanctioned by the District Authorities.
7. SEBI introduces 'Saarthi 2.0' mobile app on personal finance for investors
• Aim: To simplify complex financial concepts
• Features: Personal finance for investors with comprehensive tools
• The app includes financial calculators and has modules that introduce and explain KYC procedures,
mutual funds, ETFs, buying and selling shares on stock exchanges, investor grievances redressal
mechanism, and the Online Dispute Resolution (ODR) platform.
• Additionally, the app features a range of videos designed to assist investors in their personal finance
planning.

YesMagazine
Acquisitions & Mergers

1. Ambuja Cements to acquire Penna Cement for ₹10422 crore
Acquisition of: Penna Cement Industries Ltd. (PCIL)

(namely P. Pratap Reddy and family)
• Acquires by: Ambuja Cements Ltd
• Stake: 100%
• Amount: ₹10,422 crore
• At present, Penna Cement operates a 10 million tonnes
per annum (mtpa) capacity and has another 4 mtpa
under construction at Krishnapatnam (2 mtpa) and
Jodhpur (2 mtpa).

YesMagazine
2. Bank of India Acquires 6.1% Stake in CCIL

IFSC
• Acquisition of: Clearing Corporation of India
Ltd. (IFSC)
• Acquired by: Bank of India
• Stake (%): 6.125%
• Amount: ₹6.125 crore
• Aim: To enhance its strategic presence in GIFT
City IFSC
• Note: CCIL IFSC, promoted by the Clearing
Corporation of India Limited (CCIL), is set to
operate a real-time foreign currency
settlement system and act as a clearing house
in GIFT City.
3 . Air India- Vistara merger gets NCLT nod
• The National Company Law Tribunal (NCLT)
has granted its approval for the merger of
Vistara with Air India allowing a period of nine
months for the dissolution of the former. Image source: Live mint
• Tata Sons Private Limited will hold 73.38% stake in the merged entity, and Singapore Airlines
25.1%.
• The remaining 1.52% will be held by SBICAP Trustee Limited on behalf of Air India Employee
Settlement Trust.
4. Kotak Bank gets RBI nod to sell 70% stake in general insurance arm to Zurich Insurance
• Approval given to: Kotak Mahindra Bank
• Reason of approval: To sell its general insurance arm to Zurich Insurance
• Stakes: 70%
• Received by: The Reserve Bank of India
• In November 2023, Zurich Insurance Company announced plans to acquire a 51% stake in Kotak
Mahindra General through a combination of capital infusion and share purchase, followed by a
subsequent acquisition of an additional stake of 19 per cent within three years from the initial
acquisition for Rs 5,560 crore.
• Kotak Mahindra General Insurance is a 100 per cent subsidiary of Kotak Mahindra Bank.
• As per the current regulatory guidelines, a foreign entity can own up to 74 per cent in an insurance
venture in India.
5. Axis Bank to acquire additional stake in Max Life Insurance
• Acquisition of: Max Life Insurance (Additional Stakes)

YesMagazine
• Acquired by: Axis Bank

• Amount: upto ₹336 crore
• This transaction would lead to the aggregate shareholding of the Axis Entities going up from 19.02
per cent to 19.66 per cent.
6. Cintra receives CCI's approval to acquire 24% stake in IRB Infra Trust
• Acquisition of: IRB Infrastructure Trust and MMK Toll Road Pvt Ltd.
• Acquired by: Cintra
• Stakes: 24%
• Approved by: Competition Commission of India (CCI)
• Cintra InvIT Investments BV (Cintra SPV 1) and Cintra IM Investments
BV (Cintra SPV 2) collectively belong to the Netherlands-based
Ferrovial group.
Environment
1. India is World’s Second Largest Emitter of Nitrous Oxide
• Report Title: Global Assessment of N2O emissions
• Published in: Journal Earth System Science Data
• Highlight:
• India is the world’s second largest source of nitrous oxide (N2O), nearly 10.9%
• Topped by: China ((16.7%), followed by India, the United States (5.7%), Brazil (5.3%), and Russia
(4.6%)
• N2O: A greenhouse gas that heats up the atmosphere far more than carbon dioxide.
• N2O, the third most important greenhouse gas, are increasing faster than predicted by the
Intergovernmental Panel on Climate Change (IPCC) emission scenarios.
• Major source of these emissions comes from fertiliser usage
• N2O emissions from human activities have increased by 40% (three million metric tons of N2O per
year) in the past four decades, with growth rates between 2020 and 2022
Agricultural production using nitrogen fertilizers, such as ammonia, and animal manure contributed 74%
of the total anthropogenic.
2. Iberian Lynx Conservation Status Upgraded to Vulnerable

• Iberian Lynx
• Protection status: Vulnerable

YesMagazine
• Upgarde from: Endangered

• Upgarde by: International Union for Conservation of Nature (IUCN)
• The species is native to Spain and Portugal.
• In 2001, there were only 62 adult individuals, but by 2022, there were 648, and there are now more
than 2,000 of them.
3. Catla Among Top 10 Harvested Aquatic Species in 2022

• Data by: The United Nation
• Report Title: The State of World Fisheries and Aquaculture
2024
• Catla (Labeo catla) was one of the most fished marine
species in 2022, with a yield of over four million tonnes,
ranking eighth on the world list.
• Catla is native to the river systems of northern India and the
areas around it, such as the Indus plain and parts of
Bangladesh, Nepal, Myanmar, and Pakistan.
• It is now common in many more reservoirs and tanks in India because this species has been brought
to many more river systems.
• The Whiteleg shrimp (Penaeus vannamei) was the most abundant marine species that were grown
in 2022.
4. European Commission Excludes Tanzania From Conservation Grant

• The European Commission (EC) has made a significant decision regarding Tanzania’s eligibility for
a conservation grant under its NaturAfrica initiative.
• This decision has implications for conservation efforts in East Africa, particularly concerning the
Eastern Rift Savannahs and Watersheds (ERiSaWa) component of the initiative.
• The NaturAfrica program, funded by the EC, aims to conserve biodiversity and promote sustainable
development in key African landscapes.
• It targets specific areas known as Key Landscapes for Conservation and Development (KLCDs).
• NaturAfrica strives to balance environmental protection, support local livelihoods, and ensure good
governance for vital ecosystems.
• Why Tanzania Was Excluded from NaturAfrica Program?
• The EC’s decision stemmed from well-documented human rights abuses associated with the forced
eviction of Maasai communities from the Ngorongoro Conservation Area and Loliondo in Tanzania.
• Advocacy groups like the Maasai International Solidarity Alliance (MISA) and Survival International
played a crucial role in raising awareness about these violations.
• It was followed by Cupped oysters, Grass carp, Nile tilapia, and other species.

YesMagazine
Defence
1.Sub-Lt Anamika Rajeev becomes Navy's first woman pilot with 'Golden Wings'
• Sub-Lieutenant Anamika B Rajeev has become the Indian Navy's first woman helicopter pilot after
she received the prestigious "Golden Wings" in Tamil Nadu's Arakkonam.
• Lt Jamyang Tsewang, the first commissioned naval officer from Ladakh, also successfully graduated
as a qualified helicopter pilot.
• The Navy has already deployed women pilots for
its Dornier-228 maritime surveillance aircraft.
• Sub-Lieutenant Rajeev became the first woman
pilot who will be allowed to fly helicopters such
as Sea Kings, ALH Dhruvs, Chetaks and MH-60R
Seahawks.
• In 2018, flying officer Avani Chaturvedi of the
Indian Air Force scripted history by becoming the
first Indian woman to fly a fighter aircraft solo.
• She flew a MiG-21 Bison in her first solo flight.
2. Army Launches Integrated Generator Monitoring, Control System ‘Vidyut Rakshak’
• Launch of: Vidyut Rakshak
• Launched by: Indian Army
• Developed by: Army Design Bureau (ADB)
• It is a tech-based innovation, an integrated generator monitoring, protection and control system.
• The Internet of Things (IoT) is a network of interrelated devices that connect and exchange data
with other IoT devices and the cloud.
3. Japan-India Maritime Exercise Commences At Yokosuka
• Name of exercise: Jimex 24

• Between: India and Japan
• Location: Yokosuka in Japan
• Type: Naval exercise
• Indian Navy’s indigenous Stealth Frigate INS Shivalik is participating in the bilateral maritime
exercise.
• While, Japan is being represented by the Guided Missile Destroyer JS Yugiri.
4. India will increase defence exports to Rs 50,000 crore in 5 years
• Target: Boost military exports to Rs 50,000 crore annually under the 'Make in India' initiative
• Defence Minister: Rajnath Singh

YesMagazine
• The government also plans to fast-track defence production schemes and enhance indigenous
research and development.
• The ministry is set to establish a new defence export promotion agency to facilitate arms sales to
countries like the Philippines, Vietnam, and Armenia.
5. Army gets its first indigenous man-portable suicide drones
• AXISCADES Technologies Ltd, has started delivering the first-of-its-kind Man Portable Counter
Drone System (MPCDS) in India to the armed forces.
• About Man Portable Counter Drone System (MPCDS):
• Developed by AXISCADES
• It stands out as a game-changer in India’s defence capabilities.
• Made in India
• Compact, portable, and operates on both battery and mains power.
• Covering multiple frequency spectrums, including Command & Control and Navigation, the system
holds the ability to detect and jam a wide variety of drones within a range of up to 5 kilometres.
6. Russia and Belarus Conduct Tactical Nuclear Weapons Drills Amid Tensions with West
• Russia and Belarus have commenced the second stage of joint drills focused on tactical nuclear
weapons.
• Aim: To bolster readiness and deterring Western support for Ukraine.
• These exercises, initiated by Moscow in response to perceived provocations from Western officials,
underline the Kremlin’s strategic stance amid heightened tensions.
7. Launch of LSAM 13 (Yard 81) Fifth Barge of 08 X Missile Cum Ammunition (MCA) Barge Project
• Launch of: Missile Cum Ammunition Barge, LSAM 13 (Yard 81)’
• The fifth Barge of 08 x Missile Cum Ammunition Barge project, built by MSME Shipyard, M/s SECON
Engineering Projects Pvt Ltd (SEPPL).
• Visakhapatnam for Indian Navy, was undertaken on 10 Jun 24 at M/s Vinayaga Marine Petro Ltd,
Mira Bhayandar, Maharashtra (launch site of M/s SECON Engineering Projects Pvt Ltd).
• The launching Ceremony was presided over by Cmde Manish Vig, General Manager (QA), ND(Mbi).
8. Armenia to quit Russia-led CSTO military alliance
• Armenia would pull out of the Collective Security Treaty Organization (CSTO), amid a widening rift
with Moscow.
• Confirmed by: Armenia's Prime Minister Nikol Pashinyan
• The CSTO is a Russia-dominated alliance of former Soviet states that
have pledged to protect one another in the event of an attack.
9. Indian Army inducts made-in-India Nagastra-1 suicide drones
• Name of drone: Nagastra-1
• Inducted by: Indian Army
• Made in India
• Type: Suicide drones (India's first indigenous suicide drone)
• By: Solar Industries from Nagpur
• Aim: To boost defense technology self-reliance

YesMagazine
• It is a man-portable weaponized drone system designed to neutralize enemy threats with high
precision.
• The induction of Nagastra-1 marks a critical step towards India's self-sufficiency in drone
technology for military applications.
10. IAF Contingent Participates In Exercise Red Flag 2024
• Name of exercise: Exercise Red Flag 2024
• Conducted by: The USA Air Force
• Location: Eielson Air Force Base, Alaska
• Edition: 2nd
• Date: 4-14 June 2024
• It is an advanced aerial combat training exercise, held four times in a year by the US Air Force.
• Participated by: India, Singapore, the UK, Netherlands, Germany, and the USA
11. India to host its first multinational air exercise Tarang Shakti
• Name of exercise: Tarang Shakti
• Host by: India
• Month: August 2024
• Participation of ten countries, in addition to a few others acting as observers.
• Two-phase exercise
• Countries such as Australia, France, Germany, Japan, Spain, UAE, UK, and the US are expected to
send contingents.
• Germany showcasing an A-400M transport aircraft
• The Red Flag exercise, which concluded recently in Alaska, included IAF’s participation with eight
Rafale fighters and other support aircraft.
12. MoD requests 156 LCH Prachand from HAL for Army and IAF
• The Ministry of Defence (MoD) has issued a Request for Proposal (RFP) to public sector undertaking
(PSU) Hindustan Aeronautics Limited (HAL).
• Reason: For procurement of 156 Light Combat Helicopters (LCH) ‘Prachand’ to augment battle
capabilities of the armed forces, especially to operate at high altitudes
• Of the 156 helicopters, 90 are designated for the Army Aviation Corps and 66 for the Indian Air
Force
13. Army Hospital (R&R) launches skin bank facility
• Launch of: Skin Bank facility
• Launched by: Army Hospital (R&R)
• Reason: For treatment of severe burn injuries & other skin-related conditions among Service
personnel & their families
14. North Korea And Russia Sign Mutual Defense Pact
• Defence pact signed between: North Korea and Russia
• Aim: To strengthen their military cooperation, including a mutual defense pledge in case of an
attack.

YesMagazine
• North Korean leader Kim Jong Un described the enhanced relationship as an alliance during a press
conference following his meeting with Russian President Vladimir Putin in Pyongyang.
• This is Putin’s first visit to North Korea in 24 years.
15. Indian Army Inducts Indigenous ASMI Submachine Gun
• The Northern Command of the Indian Army has ordered 550 indigenously designed, developed, and
manufactured ASMI submachine guns
• Worth Rs 4.26 crores
• Ordered from Hyderabad-based Lokesh Machine Limited.
• This marks the first time an indigenously designed and manufactured weapon has been inducted
into the Indian Army.
• Features of the ASMI Submachine Gun
• ASMI stands for “Asmita”
• Design: Developed by DRDO's Armament Research & Development Establishment (ARDE) in Pune,
in collaboration with the Indian Army.
16. Indian Armed Forces Unveil Unified Cyberspace Doctrine
• Chief of Defence Staff Gen Anil Chauhan released the Joint Doctrine for Cyberspace Operations
during the Chiefs of Staff Committee (COSC) meeting.
• Location: New Delhi.
• The Joint Doctrine is a keystone publication that will guide Commanders in conducting Cyberspace
Operations in today’s complex military operating environment.

• The Joint Doctrine for Cyberspace Operations is a significant step to give impetus to the ongoing
process.
17. China ‘Sinks’ US Navy Warship In Simulation Drills Using Its Fire Dragon Missile
A computer simulation run by China's People's Liberation Army (PLA) suggests that the Fire Dragon
480 could be capable of sinking the US Navy's Ticonderoga-class cruiser.
• It is a Chinese tactical ballistic missile that has been exported to the United Arab Emirates (UAE).

YesMagazine
• Fire Dragon 480?

• The Fire Dragon 480 is a Chinese long-range rocket, which is exclusively produced for export by the
Norinco Group.
• It is a tactical ballistic missile
• It is equipped with precision-guidance sensors, which enable it to strike moving targets with a high
degree of accuracy.
• Its warhead surpasses the 400 kg mark, significantly outweighing that of a conventional anti-ship
missile.
18. INS Sunayna Entered Port Victoria, Seychelles
• The deployment marks sustained participation of an Indian Military Contingent in military parade
organized as part of Seychelles National Day since 1976.
• INS Sunayna entered Port Victoria, Seychelles as part of her long range deployment in the South
West Indian Ocean Region.
• INS Sunayna is the second Saryu-class patrol vessel of the Indian Navy, designed and constructed
indigenously by the Goa Shipyard Limited
19. South Korea, US, And Japan Launch First Trilateral Multi-Domain Exercise
• Exercise: Freedom Edge
• Held between: South Korea, the US and Japan
• First trilateral multi-domain exercise
• Location: South Korea’s southern island of Jeju.
• The exercise comes amid efforts to deepen security cooperation against threats from North Korea
by its deepening ties with Russia.
20. DRDO Hands Over Medium Range-Microwave Obscurant Chaff Rocket To Indian Navy
• Defence Research and Development Organisation handed over the Medium Range-Microwave
Obscurant Chaff Rocket (MR-MOCR) to the Indian Navy.
• Microwave Obscurant Chaff is a niche technology developed by DRDO’s Defence Laboratory in
Jodhpur.
• It obscures radar signals and creates a microwave shield around platforms and assets, and reduced
radar detection.
• Special type of fibres have been assembled in the medium range chaff rocket.
• The rocket forms microwave obscurant cloud in space when fired, spreading over a sufficient area.
21. Pakistan Launches New Military Operation Azm-e-Istehkam
• Pakistan’s leaders have started Operation Azm-e-Istehkam
• It is also known as “Resolve for Stability”.
• Aim: To fight the rising violence and terrorism that are mostly caused by the country’s battles with
Afghanistan.
22. Indian Army Opened Khalubar War Memorial 1. IAF to acquire 6 Tapas drones, lead acquisition
for Made-in-India UAVs
• The Indian Air Force has made a proposal to the central government to buy 10 Tapas drones
• Aim: To enhance indigenous unmanned surveillance capabilities of defence forces.

YesMagazine
• Out of the 10, six Made-in-India drones would be for the Indian Air Force, while the remaining four
would be for the Indian Navy
• Tapas drones are medium-altitude long, endurance-category drones.
• Developed indigenously by the Defence Research and Development Organisation
• Manufactured by a consortium of Bharat Electronics Limited and Hindustan Aeronautics Limited.
23. Indian Army Opened Khalubar War Memorial To Tourists in Ladakh
• Opening of: Khalubar War Memorial
• Location: Aryan Valley, Ladakh
• Tribute to the heroes of the Kargil War
• Opened by: The Indian Army
• This opening ceremony was part of the ‘Forever in Operations’ Division’s Pre-Kargil Vijay Diwas
celebrations as 2024, the country will celebrate the 25th anniversary of Kargil Vijay Diwas on 26
July.
24. Mazagon Dock in advanced talks with Indian Navy for Rs 35000-cr submarine deal
• Discussion between: Mazagaon Dockyard and Indian Navy
• Advanced discussions for a potential Rs 35,000-crore deal
• Aim: To boost India’s underwater strength by acquiring additional Kalvari-class (Scorpene)
submarines for the Navy.
• Three additional Kalvari-class submarines are under negotiations.
• These submarines will be larger than their predecessors.
• They will also be able to travel further than their predecessors, which can already travel as far as
Australia, because of the new technologies in propulsion.
25. ISRO’s reusable launch vehicle, Pushpak, clears test

• The Indian Space Research Organization (ISRO)
successfully carried out the third Reusable Launch
Vehicle (RLV) Landing Experiment (LEX).
• Location: The Aeronautical Test Range (ATR) in
Chitradurga, Karnataka.
• This project will change how people travel to space and
how satellites are placed.
• The experiment used a winged car called “Pushpak,”
which was dropped from a Chinook helicopter of the
Indian Air Force from a height of 4.5 km.
• The goal of this test, called LEX-03, was to show that ISRO can still do independent landings even
when conditions are more difficult, like when there is a lot of cross-range and strong winds.
26. GRSE to build Research Vessel for DRDO in ₹500 crore deal

YesMagazine
• Signed between: Garden Reach Shipbuilders and Engineers (GRSE) and Defence Research and
Development Organisation (DRDO)
• Reason: To build Research Vessel for DRDO
• This accomplishment highlights GRSE’s competitiveness in the shipbuilding industry and its ability
to deliver cost-effective solutions.
• While the exact value of the contract remains undisclosed, estimates suggest it could surpass ₹500
crore, signifying a substantial project for the shipyard.
27. MoD Signs MoUs With Four Banks To Onboard Them As SPARSH Service Centres
• Signed between: Ministry of Defence and Four Banks (Bank of India, Canara Bank, Central Bank of
India and Utkarsh Small Finance Bank)
• Reason: To onboard them as System for Pension Administration Raksha (SPARSH) Service Centres.
• The MoUs will provide last-mile connectivity to pensioners, especially in remote areas where they
do not have technical wherewithal to log on to SPARSH.
• SPARSH is an initiative of the Ministry of Defence which aims to provide comprehensive solution to
the defence pensioners.
28. Sweden Boosts Ukraine’s Defenses with Advanced Radar Planes
• Sweden has announced the donation of two Saab Airborne Surveillance
and Control (ASC) 890 aircraft.
• Aim: To fortify Ukraine’s defense capabilities against Russia
• Sweden’s contribution forms part of a substantial $1.3 billion aid
package aimed at bolstering Ukraine’s defenses in the ongoing conflict.
29. IAF Contingent Joins ‘Red Flag 24’ Exercise in Alaska
• The Indian Air Force (IAF) has joined a 16-day multi-nation mega
military exercise in Alaska, United States
• It is designed to provide realistic training to participating forces in a simulated combat
environment.
• The exercise, known as ‘Red Flag 24’, commenced on May 30 and will continue until June 14.

YesMagazine
Obituary
1. The Hunger Games’ Actor Donald Sutherland Dies at 88
• The Canadian actor Donald Sutherland, star of films
including The Hunger Games and Don’t Look Now, has
died at 88 after a long illness.
• Despite his numerous roles, he was never nominated for
an Oscar. He did receive an honorary Academy Award in
2017.
2. David Johnson, ex-India cricketer, passes away
• Former India cricketer David Johnson, who played two
Test matches in 1996, has passed away.
• He played 39 first-class matches, and picked up 125 wickets at an average of 28.63 and had a strike-
rate of 47.4. Johnson also has a FC century to his name.
3. Legendary Bharatanatyam dancer C.V. Chandrasekhar passes away
• He was awarded the Sangeet Natak Akademi Award for Bharatnatyam in 1993, by the Sangeet Natak
Akademi, India's National Academy of Music, Dance and Drama, and received the Kalidas Samman
in 2008.
• In 2011, he was honoured with the Padma Bhushan by the Government of India.
4. Renowned Sports Journalist Harpal Singh Bedi Passed Away
• Veteran sports journalist Harpal Singh Bedi, who covered several highs and lows of Indian sports in
a career spanning over four decades, served as the national Olympic contingent's press attache
5. Chandrayaan-1 mission director Srinivas Hegde passes away
• Former Indian Space Research Organisation (ISRO) scientist and Mission Director for India’s first
deep space mission–Chandrayaan-1, Srinivas Hedge (71) passed away.
• Chandrayaan-1, the space mission headed by Hegde played a crucial role in the discovery of water
molecules on the Moon surface.
6. Former Odisha Governor Murlidhar Chandrakant Bhandare passes away
• Bhandare was a senior Congress leader from Maharashtra and a former Rajya Sabha member for
three terms
• He also practised as a Senior Advocate of the Supreme Court and served as Governor of Odisha from
August 2007 to March 2013.
7. William Anders, Apollo 8 astronaut who took ‘Earthrise’ photo from space, killed in plane crash
• Retired astronaut William Anders, one of the first three humans to orbit the moon, who captured
the “Earthrise” photo during NASA’s Apollo 8mission, died.
8. A.J.T. Johnsingh, a renowned wildlife field biologist and conservationist, Passes Away

YesMagazine
• A.J.T. Johnsingh, a renowned wildlife field biologist and conservationist, passed away in Bengaluru
at the age of 78.
9. Ramoji Rao, Founder of Eenadu Group & Ramoji Film City, Dies
• Ramoji Rao, the founder of Eenadu Group and Ramoji Film City, passed away in Hyderabad,
Telangana. He was 88 years old.
• He was honored with the Padma Vibhushan, India’s second-highest civilian honor, for his
contributions in journalism, literature and education.
10. Sarod Maestro Rajeev Taranath Passes Away At 91
• Sarod maestro of international repute Rajeev Taranath has passed away in Mysuru.
• He was a disciple of Ali Akbar Khan.
• He was the recipient of Padma Shri award in 2019.
11. Mumbai Cricket Association honorary president Amol Kale passes away
• Amol Kale, the Mumbai Cricket Association (MCA) honorary president, passed away following a
cardiac in New York
12. Former Football Coach T K Chathunni Passes Away
• Former football player and noted football coach T K Chathunni, aged 80, passed away in Ernakulam
district, Kerala.
• He coached several football clubs including FC Kochin, Churchill Brothers, Dempo SC, Mohan Bagan,
Salgaocar and the Kerala Police Football team.
13. Co-inventor of DLS method, Frank Duckworth dies at the age of 84
• English statistician and one of the inventors of the Duckworth-Lewis-Stern (DLS) method, Frank
Duckworth died at the age of 84, according to a report.
14. Oscar Winning Canadian Film Producer Albert S. Ruddy Passed Away
• Albert Stotland Ruddy, the renowned Oscar winning Canadian Film Producer has passed away.
• In 1973, he won the Academy Award (Oscar) for the Best Picture for the
film 'The Godfather' (1972) at the 45th Academy Awards.
• He also won an Oscar for the Best Picture for the film 'Million Dollar
Baby' (2004) at the 77th Annual Academy Awards held in 2005.
15. Eminent Puppeteer Padma Maguni Kuanr Passes Away
• In Odisha, Padma Shri Maguni Charan Kuanr, passed away.
• Kuanr was conferred Padma Shri by President Droupadi Murmu last
year for his lifelong contribution to the field of art for keeping alive the
dying art of rod puppetry and promoting the traditional rod puppet
dance.

YesMagazine
FinTech
1. PhonePe partners with PickMe to enable contactless payments for Indian travellers in Sri Lanka
• Partnership between: PhonePe and
PickMe (Sri Lanka)
• Aim: To enable seamless UPI-based
QR payments for Indian travellers in
Sri Lanka
• Importance: Enhance Indian
travellers experience through the
convenience of cashless
transactions on their PickMe rides
from the moment they exit the
Bandaranaike International Airport.
2. Samsung integrates Paytm into Wallet app, introduces referral programme

• Aim: To bring the latter’s suite of services such as flights and bus bookings, movie ticket purchases,
and event bookings within its Wallet app.
• In addition, Samsung will soon introduce discount offers on first bookings across the newly
launched Paytm services.
• Samsung will soon launch a referral programme in which it will offer an Amazon coupon worth Rs
100 upon successful registration on Samsung Wallet to both referrer and referee.
• These coupons will be capped at Rs 300 per user.
• In addition, Samsung said it will soon offer an Amazon gift card worth Rs 250 on tap & pay
transactions after four transactions.
3. Neobanking startup Jupiter gets RBI nod for mobile wallet licence
• Context: Neobanking startup Jupiter has secured a prepaid payments instrument licence from the
Reserve Bank of India.
• Backed by: Tiger Global and Peak XV Partners
• This will allow the Bengaluru-based startup to offer digital wallets to its users for making UPI
payments, transferring funds, besides paying bills.
4. RBI grants Payment Aggregator license to SabPaisa

• License under: Payments and Settlement Systems Act, 2007
• Payment Aggregator:
• Third-party service provider

YesMagazine
• It enables customers to make and businesses to accept payments online.

• It enables their clients to accept various payment methods such as debit cards, credit cards, cardless
EMIs, UPI, bank transfers, e-wallets, and e-mandates.
5. New UPI-enabled Rupay credit card launched by Federal Bank

• Launch of: RuPay Wave Credit Card (UPI-enabled Rupay credit card)
• Launched by: Federal Bank
• In collaboration with: National Payments Corporation of India (NPCI)
• Offers:
o 10% cashback on the first five UPI transactions made using the Wave Credit Card.
o 1000 bonus reward points upon quarterly spends of Rs 50,000, as a milestone benefit.

YesMagazine
RBI Corner
A. Reserve Bank of India launches its Third Global Hackathon – HaRBInger 2024
Reserve Bank is organising its third global hackathon – ‘HaRBInger 2024 – Innovation for
Transformation’. The Hackathon invites participants to develop solutions using
technology and innovative approaches under the following themes and problem
statements:
Theme 1: “Zero Financial Frauds”
Real time prediction, detection and prevention of frauds in financial transactions using
alternate sources of data including publicly available information.
Ensuring transaction anonymity in token-based (CBDC) transactions while maintaining
financial system integrity.
Identifying mule bank accounts/ payment wallets.
Theme 2: “Being Divyang Friendly”
Accurately identifying banknotes by visually impaired.
Being part of HaRBInger 2024 gives an opportunity to the participants to get mentored
by industry experts and exhibit their innovative solutions before an eminent jury and win
exciting prizes under each problem statement.
Sl.
Category Amount
No.
I. Winner across each problem statement INR 40 lakh
Special prize to the best ‘all woman team’ (a team
II. comprising of only woman members’), across all the INR 20 lakh
four problem statements
Stipend per team shortlisted for solution
III. development for meeting the cost of development of INR 5 lakh
prototype
B. RBI approves the voluntary amalgamation of The Yadagiri Lakshmi

Narasimha Swamy Co-operative Urban Bank Ltd., Yadadri Bhuvanagiri
(Telangana) with The Gayatri Co-operative Urban Bank Ltd., Jagtial
(Telangana)
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of The
Yadagiri Lakshmi Narasimha Swamy Co-operative Urban Bank Ltd., Yadadri

YesMagazine
Bhuvanagiri, Telangana with The Gayatri Co-operative Urban Bank Ltd., Jagtial,
Telangana. The Scheme has been sanctioned in exercise of the powers conferred
under Sub-Section (4) of Section 44A read with Section 56 of the Banking
Regulation Act, 1949. The Scheme will come into force with effect from June 10,
2024. The branches of The Yadagiri Lakshmi Narasimha Swamy Co-operative
Urban Bank Ltd., Yadadri Bhuvanagiri (Telangana) will function as branches of The
Gayatri Co-operative Urban Bank Ltd., Jagtial (Telangana) with effect from June 10,
2024.
C. Reserve Bank of India cancels the licence of Purvanchal Co-operative Bank

Ltd., Ghazipur, Uttar Pradesh
The Reserve Bank has cancelled the licence of Purvanchal Co-operative Bank,
Ghazipur, Uttar Pradesh as it does not have adequate capital and earning prospects.
The Commissioner for Cooperation and Registrar of Cooperative Societies, Uttar
Pradesh has also been asked to issue an order for winding up the bank and appoint
a liquidator.
D. RBI announces completion of fourth regulatory sandbox cohort on financial

fraud prevention
In the Fourth Cohort of the Regulatory Sandbox (RS) with ‘Prevention and Mitigation of
Financial Frauds’ as its theme, six entities were to commence testing of their products.
2. Products of the entities which completed the ‘Test Phase’ were evaluated based on
mutually agreed test scenarios and expected outcomes. Accordingly, the three products
outlined below have been found viable within the boundary conditions defined during
testing under RS:
Sl.
Sandbox Entity Description
No.
1 Bahwan Cybertek The product “rt360 Real Time Monitoring System”
Private Limited is a technology enabled solution to assist banks in
(Partner Financial transaction monitoring in real-time / near real-
Institution- IDBI Bank)
time basis. It further analyses the transactions and
generates alerts for proactive follow-up and action.
2 napID Cybersec Private The product ‘napID Fraud Filter Layer’ locks the
Limited login form, payment form and unlocks these only
(Partner Financial for the authorised users to initiate the transactions
using their credentials via napID Pre-

YesMagazine
Institution- City Union Authenticator app. The solution makes

Bank) compromised credentials/ cards useless in the
hands of fraudsters.
3 Trusting Social Private The product ‘Trusting Social Credit Insight (CI)’
Limited uses mobile subscriber data to risk-rank the active
(Partner Financial subscribers base and assesses the risk of default of
Institution - Protium a loan applicant. It also helps in instant credit
Finance Limited and worthiness check especially for new-to-credit
Finnovation Tech segment.
Solutions Private
Limited)
3. All the entities have now exited the Fourth Cohort of the Regulatory Sandbox on
‘Prevention and Mitigation of Financial Frauds’. The products found acceptable under
this Cohort may be considered for adoption by Regulated Entities subject to
compliance with applicable regulatory requirements.
E. RBI launches Survey on International Trade in Banking Services (ITBS):

2023-24
The Reserve Bank of India has launched the 2023-24 round of its Survey on
International Trade in Banking Services (ITBS).
The survey, conducted annually since 2006-07, provides information on financial

services rendered by branches/subsidiaries/joint ventures of Indian banks
operating abroad and branches/subsidiaries of foreign banks operating in India,
based on explicit / implicit fees / commission charged to customers.
The survey schedule for the 2023-24 round is required to be filled in by the banks
for branches/subsidiaries/joint venture of Indian banks operating abroad and
branches/subsidiaries of foreign banks operating in India.
F. RBI’s Minutes of the Monetary Policy Committee Meeting, June 5 to 7, 2024
The Monetary Policy Committee (MPC) at its meeting decided to:
Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged
at 6.50 per cent.

YesMagazine
Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25
per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per
cent.
The MPC also decided to remain focused on withdrawal of accommodation to

ensure that inflation progressively aligns to the target, while supporting growth.
These decisions are in consonance with the objective of achieving the medium-term
target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2
per cent, while supporting growth.
G. RBI announces the SAARC Currency Swap Framework for the period 2024 to
2027
The Reserve Bank of India with the concurrence of the Government of India has
decided to put in place a revised Framework on Currency Swap Arrangement for
SAARC countries for the period 2024 to 2027. Under this Framework, the Reserve
Bank would enter into bilateral swap agreements with SAARC central banks, who
want to avail of the swap facility. It may be recalled that the SAARC Currency Swap
Facility came into operation on November 15, 2012 with an intention to provide a
backstop line of funding for short term foreign exchange liquidity requirements or
balance of payment crises of the SAARC countries till longer term arrangements are
made.
Under the Framework for 2024-27, a separate INR Swap Window has been
introduced with various concessions for swap support in Indian Rupee. The total
corpus of the Rupee support is ₹250 billion. The RBI will continue to offer swap
arrangement in US$ and Euro under a separate US Dollar/ Euro Swap Window with
an overall corpus of US$ 2 billion.
The Currency Swap Facility will be available to all SAARC member countries,
subject to their signing the bilateral swap agreements.
H. RBI released the Financial Stability Report, June 2024
RBI released the 29th issue of the Financial Stability Report (FSR), which reflects
the collective assessment of the Sub-Committee of the Financial Stability and
Development Council (FSDC) on the resilience of the Indian financial system and
risks to financial stability.
Highlights:

YesMagazine
• The global economy is facing heightened risks from prolonged geopolitical

tensions, elevated public debt, and the slow progress in the last mile of
disinflation. Despite these challenges, the global financial system has
remained resilient, and financial conditions stable.
• The Indian economy and the financial system remain robust and resilient,
anchored by macroeconomic and financial stability. With improved balance
sheets, banks and financial institutions are supporting economic activity
through sustained credit expansion.
• The capital to risk-weighted assets ratio (CRAR) and the common equity tier
1 (CET1) ratio of scheduled commercial banks (SCBs) stood at 16.8 per cent
and 13.9 per cent, respectively, at end-March 2024.
• SCBs’ gross non-performing assets (GNPA) ratio fell to a multi-year low of
2.8 per cent and the net non-performing assets (NNPA) ratio to 0.6 per cent
at end-March 2024.
• Macro stress tests for credit risk reveal that SCBs would be able to comply
with minimum capital requirements, with the system-level CRAR in March
2025 projected at 16.1 per cent, 14.4 per cent and 13.0 per cent,
respectively, under baseline, medium and severe stress scenarios. These
scenarios are stringent conservative assessments under hypothetical
shocks and the results should not be interpreted as forecasts.
• Non-banking financial companies (NBFCs) remain healthy, with CRAR at
26.6 per cent, GNPA ratio at 4.0 per cent and return on assets (RoA) at 3.3
per cent, respectively, at end-March 2024.
I. RBI launches Survey on Computer Software and Information Technology

Enabled Services (ITES) Exports: 2023-24
• The Reserve Bank has launched the 2023-24 of its annual survey on
Computer Software and Information Technology Enabled Services (ITES)
Exports.
• The survey collects data on various aspects of computer services exports as
well as exports of information technology enabled services (ITES) and
business process outsourcing (BPO). The survey results are disseminated in
public domain besides being used in compilation of India’s external sector
statistics.
Terms in News:
1. Variable reverse repo (VRRR) auction

YesMagazine
RBI's rebalancing of liquidity management started in February 2020, as the central bank
shifted its liquidity absorption tool out of the fixed-rate overnight reverse repo window
into VRRR auctions of longer maturity.
The objective is to re-establish the 14-day VRRR auction as the main liquidity management
operation. By and large, the rebalancing of liquidity has proceeded in a timely and non-
disruptive manner as planned. It is also fulfilling its objective of strengthening the Reserve
Bank’s control over the liquidity overhang which, in turn, reinforces the ability of the
Reserve Bank to normalise liquidity conditions when warranted.
The 14-day VRRRs are now complemented by longer-term VRRRs of 28 days, the size and
maturities of which are decided on the basis of continuous assessment of the evolving
liquidity conditions. The RBI has also reserved its rights to undertake operation twist (OT),
buying long-dated bonds while simultaneously selling shorter tenure bonds or buying or
selling bonds under open market operations (OMOs) to infuse or absorb liquidity as
needed.
2. MSF
Marginal Standing Facility (MSF) is the rate at which the banks

are able to borrow overnight funds from RBI.
3. LAF
LAF is a facility extended by the Reserve Bank of India to the

scheduled commercial banks (excluding RRBs) and primary
dealers to avail of liquidity in case of requirement or park excess
funds with the RBI in case of excess liquidity on an overnight
basis against the collateral of Government securities including
State Government securities. Basically LAF enables liquidity
management on a day to day basis.
Liquidity adjustment facility (LAF) is a monetary policy tool

which allows banks to borrow money through repurchase
agreements or repos. LAF is used to aid banks in adjusting the
day to day mismatches in liquidity (frictional liquidity
deficit/surplus). Liquidity of a more durable nature are
managed with other instruments like, cash reserve ratio (CRR)
or Market Stabilization Scheme (MSS).
4. Treasury bills
They are money market instruments issued by the Government

of India as a promissory note with guaranteed repayment at a
later date. Funds collected through such tools are typically used

YesMagazine
to meet short term requirements of the government, hence, to

reduce the overall fiscal deficit of a country.
They are primarily short-term borrowing tools, having a

maximum tenure of 364 days, available at zero coupons
(interest) rate. They are issued at a discount to the published
nominal value of government security (G-sec).
5. Ways & means advances
The Reserve Bank of India (RBI) gives temporary loan facilities

to the central and state governments. This loan facility is called
Ways and Means Advances (WMA).
RBI Financial Stability Report, June 2024: Overview

The Reserve Bank of India released the 29th issue of the Financial Stability Report (FSR), which reflects
the collective assessment of the Sub-Committee of the Financial Stability and Development Council
(FSDC) on the resilience of the Indian financial system and risks to financial stability.
The Financial Stability Report (FSR) is a half-yearly publication, with contributions from all financial sector
regulators. It presents the collective assessment of the Sub Committee of the Financial Stability and
Development Council on current and emerging risks to the stability of the Indian financial system.
Financial Institutions: Soundness and Resilience
Scheduled commercial banks (SCBs) have been boosted by rising profitability and declining non-
performing assets. Return on assets (RoA) and return on equity (RoE) are close to decadal highs at 1.3 per
cent and 13.8 per cent, respectively, while gross non-performing assets (GNPA) ratio and net non-
performing assets (NNPA) ratios fell to multi-year lows of 2.8 per cent and 0.6 per cent, respectively. This
has helped SCBs to maintain strong capital buffers: their capital to risk-weighted assets ratio (CRAR) and
the common equity tier 1 (CET1) ratio at 16.8 per cent and 13.9 per cent, respectively, stood well above
the regulatory minimum in March 2024. Macro stress test for credit risk, which should not be interpreted
as forecasts and are based on scenarios and stringent conservative assessments under hypothetical shocks,
demonstrate that SCBs have adequate capital buffers relative to the regulatory minimum even under
adverse stress scenarios.

YesMagazine
At the system level, the CRAR of urban co-operative banks (UCBs) inched up to 17.5 per cent in March 2024
while that of non-banking financial companies (NBFCs) declined marginally to 26.6 per cent, both
remaining well in excess of the prescribed regulatory minimum. The consolidated solvency ratio of the
insurance sector remains above the minimum threshold limit of 150 per cent. Stress tests on mutual funds
and clearing corporations attest to the resilience of these segments of the financial sector. Network analysis
indicates that the total outstanding bilateral exposures between financial institutions are expanding, with
SCBs holding the largest share.
Important Domestic Regulatory Measures, as per RBI’s Financial stability report

1. Reserve Bank of India (RBI)
Regulation Rationale
Reserve Bank of India (Financial To provide greater assurance
Benchmark Administrators) Directions, about the accuracy and integrity
2023 of benchmarks.
Basel III Framework on Liquidity To bring EXIM Bank and NaBFID
Standards – Net Stable Funding Ratio on par with other NDBs for NFSR
(NSFR) – Review of National computation.
Development Banks
The RBI issued guidelines on the measures To assist the account holders and
to be put in place by the banks covering to reduce the quantum of
various aspects of classifying accounts and unclaimed deposits in the banking
deposits as inoperative accounts and system and return such deposits
unclaimed deposits, their periodic review, to their rightful owners/
measures to prevent fraud in such claimants.
accounts/ deposits, grievance redressal
mechanism, steps to be taken for tracing the
customers of inoperative accounts/
unclaimed deposits including their
nominees/ legal heirs for re-activation of
accounts and settlement of claims or closure
and the process to be followed by them.
Risk Management and Inter-Bank To expand the suite of permitted
Dealings – Hedging of foreign exchange FX derivative products and refine
risk the user classification framework
to enable a larger set of users,
with the necessary risk
management capabilities, to
efficiently manage their risks.
RBI decided to allow (a) participation of To foster increased participation
Indian banks (through of Indian Banks on IIBX.

YesMagazine
branch/subsidiary/joint venture) as
trading member (TM) / trading and clearing
member (TCM) of IIBX; and (b) banks
authorised by the Reserve Bank to import
gold/silver as special category client (SCC)
of IIBX.
Master Direction – Reserve Bank of India To enhance efficiency of the
(Bharat Bill Payment System) Directions, system, encourage greater
2024 participation and enhance
customer protection.
Arrangements with Card Networks for To ensure the availability of
issue of Credit Cards: The Reserve Bank choice for customer to choose
has mandated that card issuers shall not card networks.
enter into any arrangement or agreement
with card networks that restrain them from
availing the services of other card networks
and card issuers shall provide an option to
their eligible customers to choose from
multiple card networks at the time of issue.
For existing cardholders, this option may be
provided at the time of the next renewal.
Amendment to the Master Direction - To strengthen customer conduct
Credit Card and Debit Card – Issuance related aspects for card
and Conduct Directions, 2022 : Keeping operations.
abreast of dynamic card ecosystem and
based on the suggestions / requests
received from various stakeholders, certain
provisions of the Master Direction have
been amended. The amendments
encompass issuance of form factors in place
of / in addition to plastic credit cards,
display of modes by card-issuers for
accepting payments towards credit card
dues, monitoring of end use of funds using
business credit cards, requirement of
explicit consent of cardholders for sharing
their card data with outsourcing partners,
among others.
2. Securities and Exchange Board of India (SEBI)

YesMagazine
Procedural framework for dealing with To create a necessary regulatory

unclaimed amounts lying with entities framework for the ease and
having only listed non-convertible convenience of the investors.
securities, Real Estate Investment
Trusts (REITs) and Infrastructure
Investment Trusts (InvITs) and manner
of claiming such amounts by investors/
unitholders.
Revised framework for computation of To promote ease of doing
Net Distributable Cash Flow (NDCF) by business and standardise the
REITs/ InvITs. framework for calculation of
available NDCFs across REITs and
InvITs.
Guidelines for Alternate Investments To facilitate ease of compliance
Funds (AIFs) with respect to holding and to protect against fraud and
their investments in dematerialised operational risk.
form and appointment of custodian.
Streamlining of Regulatory Reporting by To have uniform compliance
Designated Depository Participants standards and for ease of
(DDPs) and Custodians. compliance reporting.
Revised Pricing Methodology for To promote ease of doing
Institutional Placements of Privately business, enhance price
Placed InvITs. transparency and facilitate
smoother fund raising by InvITs.
Stress Testing of Small and Mid-Cap To address concerns regarding
Schemes. liquidity and significant run-up in
identified pockets of the market.
Introduction of Small and Medium Real To facilitate pooled investment in
Estate Investment Trusts (‘SM REITs’) a wider range of real estate assets
framework. as a regulated financial product
thereby enabling further growth
of REITs in India.
Measures to instil trust in securities To strengthen the compliance
market – Expanding the framework of culture among stock brokers and
Qualified Stock Brokers (QSBs) to more to further protect the interests of
stock brokers. investors.
Safeguards to address the concerns of To harmonise the classification of
the investors on transfer of securities in inactive/ dormant accounts
dematerialised mode. across Market Infrastructure
Institutions and to strengthen the

YesMagazine
measures to prevent fraud/

misappropriation for inoperative
demat accounts.
Relaxation of the requirement to To promote ease of doing
publish the text on Contract Note with business.
respect to Fit and Proper status of
shareholders.
Enhancing trust in the Alternate To address the issue with respect
Investments Funds (AIFs) ecosystem by to structuring of AIFs and to
introducing due diligence measures prevent facilitation of
with respect to investors and circumvention of financial sector
investments. regulations through AIFs.
Nomination for Mutual Fund Unit To simplify the process of
Holders – exemption for jointly held nomination for joint holders in
folios. mutual funds.
3. Insurance Regulatory and Development Authority of India (IRDAI)
IRDAI (Expenses of Management, To enable and provide flexibility
including Commission, of Insurers), to the insurers to manage their
2024. expenses, including commissions,
within the overall limits as
specified by IRDAI.
Guidelines on providing AYUSH To instruct general and health
coverage in Health Insurance policies. insurers to treat AYUSH
treatment coverage at par with
other treatments, modify
products that contain limitations
for AYUSH treatments and ensure
compliance with the revised
guidelines.
IRDAI (Actuarial, Finance and To enhance the efficiency and
Investment Functions of Insurers) responsiveness of insurers’
Regulations, 2024. actuarial, finance, and investment
functions.
IRDAI (Bima Sugam - Insurance To promote universalisation and
Electronic Marketplace) Regulations, democratisation of insurance,
2024: ‘Bima Sugam’ serves as a empower and safeguard
marketplace offering one stop solution for policyholders’ interests and
all insurance stakeholders, including achieve the vision of ‘Insurance
customers, insurers, intermediaries, and for all by 2047’.

YesMagazine
agents, thereby promoting transparency,

efficiency, and collaboration across the
entire insurance value chain.
IRDAI (Protection of Policyholders’ To ensure fair treatment of
Interests, Operations and Allied Matters prospects during solicitation and
of Insurers) Regulations, 2024 sale of insurance policies and
protect the interests of
policyholders throughout their
engagement with insurers and
distribution channels.
Notification of Domestic Systemically To notify three domestic insurers
Important Insurers (D-SIIs). namely Life Insurance
Corporation of India (LIC),
General Insurance Corporation of
India (GIC), and New India
Assurance Co. Ltd as D-SIIs for the
2023-24.
Master Circular on Rural, Social Sector To specify minimum rural, social
and Motor Third Party Obligations. sector and third party motor
insurance business that the
insurers are required to
underwrite.
Master Circular on Expenses of To provide guidance to all
Management, including Commission, of insurers and other stakeholders
Insurers, 2024. regarding the interpretation and
implementation of regulations
related to expense of
management in the insurance
sector in India.
Master Circular on Registration, Capital To specify various forms as
Structure, Transfer of Shares and referred in the Registration
Amalgamation of Insurers, 2024. Regulations, 2024, and to provide
clarifications on various
provisions of IRDAI (Registration,
Capital Structure, Transfer of
Shares and Amalgamation of
Insurers) Regulations, 2024.
4. Pension Fund Regulatory and Development Authority (PFRDA)

YesMagazine
Financial Information User under To port National Pension System

Account Aggregator Framework. (NPS) subscribers’ data through
the Account Aggregator
Framework with Central Record-
keeping Agency designated as
Financial Information Providers
(FIPs).
Policy on adoption of cloud services by To enable and equip the
regulated intermediaries. intermediaries with a policy
framework on adoption of cloud
service by intermediaries for the
services rendered by them.
PFRDA (Framework for Prevention and To suggest a set of guidelines and
Reporting of Fraud Under NPS measures for the prevention and
Architecture) Guidelines, 2023. reporting of fraud to the Board of
the entity, Law enforcement
agencies and the Authority to
evolve the best practices to detect,
prevent and contain fraud.
Surrender of Certificate of Registration To facilitate ease of doing
(CoR) issued to Point of Presence - business, the PoP-SEs have been
SubEntity (PoP-SE) under PFRDA (PoP) subsumed under the agency
Regulations, 2018. model wherein PoPs may engage
PoP-SEs as pension agents and
utilize their services for
distribution of pension schemes.
Risk management framework for the To ensure that the Central
Central Record-keeping Agencies under Record-keeping Agency render
NPS architecture high standards of service, exercise
due diligence and ensure proper
care in their operations.
6. International Financial Services Centres Authority (IFSCA)
‘Qualified Suppliers’ for supply of To enable the import of silver by
bullion on India International Bullion Qualified Jewellers through IIBX
Exchange (IIBX). (pursuant to the DGFT
notification enabling the same)
and with a view to more
accurately represent the nature of
participation of Limited Purpose

YesMagazine
Trading Members (LPTMs) as

clients by renaming ‘LPTM’ as
‘Special Category’ client.
Circular on Import of UAE Good Delivery To enable participation of valid
(UAEGD) Gold through IIBX by valid holders of India- UAE Tariff Rate
India-UAE TRQ holders under the UAE Quota (TRQ) license/
and India Comprehensive Economic authorisation in the IIBX for the
Partnership Agreement (CEPA). import of UAEGD Gold.
Current Affairs Practice

Questions
In June 2024, The Government announced the appointment of Lt Gen ___________________as the next Chief of
the Army Staff, from the June 30, 2024. He will take over from Gen.___________.
Upendra Dwivedi, Manoj C. Pande

VR Chaudhari, Upendra Dwivedi
Upendra Dwivedi, VR Chaudhari
Anil Chauhan, Manoj C. Pande
Anil Chauhan, VR Chaudhari
Answer key-1
Solution:
Lt. Gen. Upendra Dwivedi has been appointed the next Chief of the Army Staff, succeeding incumbent
General Manoj Pande, the government announced. Currently, Sh. Dwivedi is serving as the Vice Chief of
the Army Staff.
Gen. Pande, who was to retire on May 31, had been given a one-month extension. The extension had
created speculation in the military fraternity of a possible supersession and deviation from the seniority
principle in the appointment of service chiefs.
Kodandera Madappa Cariappa was the first Commander-in-chief of the Indian Army.
Chief of Defence Staff- General Anil Chauhan
Chief of the Air Staff- Air Chief Marshal VR
Chaudhari
Chief of the Naval Staff- Admiral Dinesh K Tripathi

YesMagazine
In its latest report, the World Bank said India will remain the fastest-growing large economy. The World
Bank revised India's FY25 growth forecast upward to 6.6 % on the back of strong public investment
accompanied by private capex and rise in private consumption. Which of the following reports is NOT
released by the World Bank?
Global Financial Development Report

Global Economic Prospects
Global Financial Stability Report
Policy Research Reports (PRRs)
Both 1 & 2
Answer key-3
Solution:
Global Financial Stability Report is published by the International Monetary Fund (IMF).
In its latest Global Economic Prospects report, the World Bank said India will remain the fastest-growing
large economy. The World Bank revised India's FY25 growth forecast upward to 6.6% from 6.4%
projected in January, on the back of strong public investment accompanied by private capex and rise in
private consumption.
By comparison, global growth is projected to hold steady at 2.6% in 2024 before edging up to an average
of 2.7% in 2025 and 2026, respectively.
The forecast implies that over the course of 2024-26 countries that collectively account for more than
80% of the world's population and global GDP would still be growing more slowly than they did in the
decade before covid-19.
India's petroleum and natural gas regulator Petroleum and Natural Gas Regulatory Board (PNGRB) is
looking at creating the post of an ombudsman to hear and resolve grievances of customers of city gas
distribution (CGD) networks, among other consumer-friendly initiatives. The ombudsman would look
into customer grievances related to which of the following?
compressed natural gas (CNG)

piped natural gas (PNG)
petrol, diesel and LPG (liquefied petroleum gas)
All of the above
Only (1) & (3)
Answer key-4
Solution:
India's petroleum and natural gas regulator Petroleum and Natural Gas Regulatory Board (PNGRB) is
looking at creating the post of an ombudsman to hear and resolve grievances of customers of city gas
distribution (CGD) networks, among other consumer-friendly initiatives.

YesMagazine
Anil Jain, chairman of the Petroleum and Natural Gas Regulatory Board (PNGRB) said in an interview that
the PNGRB Act gives powers to the regulator in terms of consumer protection.
The ombudsman would look into customer grievances related to compressed natural gas (CNG), piped
natural gas (PNG), petrol, diesel and LPG (liquefied petroleum gas).
Which of the following is NOT matched correctly?

New Chief Minister State
Chandrababu Naidu Andhra Pradesh
PS Tamang Assam
Mohan Charan Majhi Odisha
Choose the correct code from below

A&C
Only B
Only C
A&B
All are correctly matched
Answer key-2
Solution-
New Chief Minister State
Nara Chandrababu Naidu Andhra Pradesh
PS Tamang Sikkim
Mohan Charan Majhi Odisha
The Centre recently extended the scheme for digitizing patients' health records and linking them with the
Ayushman Bharat Digital Health Account (ABHA ID), by one year. Consider the following statements with
respect to the Digital Health Incentive Scheme (DHIS) scheme.
Hospitals get Rs20 per patient for digitizing their health record and linking it with ABHA IDs.
The scheme’s focus is to boost adoption of digital healthcare services and encourage public adoption of
the Ayushman Bharat Digital Mission (ABDM).
So far around 500 million ABHA IDs have been created across the country.
Which of the above statements is/are Correct?
A&B

YesMagazine
B&C
A,B & C
Only A
Only C
Answer key-1
Solution-
The Union government has now further decided to extend the Digital Health Incentive Scheme (DHIS)
scheme till 30th June 2025 or till funds for DHIS are available, unless discontinued earlier," said a
communication issued by the National Health Authority (NHA).
The scheme’s focus is to boost adoption of digital healthcare services and encourage public adoption of
the Ayushman Bharat Digital Mission (ABDM). It was set to end on 30 June this year.
For utilization of funds released under DHIS, the NHA has issued an “incentive utilization guidelines" to
help hospitals utilize these for digital infrastructure or any other activity related to the patient welfare.
So far around 633 million ABHA IDs have been created across the country.
The board at Zomato in June 2024 passed a resolution to invest Rs 300 crore in Blinkit Commerce. The
latest tranche takes Zomato's investment in Blinkit, which it acquired in August 2022, to a total of Rs
2,300 crore. Which of the following is NOT one of the competitors of Blinkit?
Zepto
Swiggy Instamart
Tata BigBasket
Amazon Same Day
None of these
Answer key-4
Solution-
Amazon Same day is not one of the competitors of Blinkit.
Blinkit's journey to become the leading player in quick commerce is noteworthy, especially given its past
struggles before being acquired by Zomato. Competitors in the sector include Swiggy Instamart, Zepto,
and Tata BigBasket.
Zomato, based in Gurugram, acquired Blinkit (formerly Grofers) in a distress sale for ₹4,447 crore, which
was nearly half of its previous valuation in 2022.
Carlos Alcaraz claimed the French open title for the first time after defeating whom in the Roland Garros
2024 final?
Jannik Sinner
Casper Ruud
Novak Djokovic
Stefanos Tsitsipas
Alexander Zverev
Answer key-5

YesMagazine
Solution- Carlos Alcaraz became the youngest man to win Grand Slam titles on all three surfaces after
defeating Alexander Zverev in five sets to capture the French Open.
The two battled for 4 hours, 19 minutes, but Alcaraz came through 6-3, 2-6, 5-7, 6-1, 6-2. His 2024 French
Open title sits alongside his triumphs at the 2022 US Open and at last year's Wimbledon.
Poland’s Iga Swiatek continued her recent dominance on the Roland Garros clay with a 6-2 6-1 win
against first-time major finalist Jasmine Paolini.
Consider the following cabinet ministers and their portfolios. Which of the following is/are correctly
matched?
Amit Shah: Home Affairs and Cooperation
Shivraj Singh Chouhan: Agriculture, Farmers Welfare and Rural Development.
H.D. Kumaraswamy: Ministry of Heavy Industries and Steel
Gajendra Singh Shekhawat: Consumer Affairs, Food and Public Distribution; and New and Renewable
Energy.
Jual Oram: Labour and Employment
i&v
ii & iv
i,ii & iii
Only ii
i,ii,iii,iv,v
Answer key-3
Solution-
Amit Shah: Home Affairs and Cooperation
Shivraj Singh Chouhan: Agriculture, Farmers Welfare and Rural Development.
H.D. Kumaraswamy: Ministry of Heavy Industries and Steel
Gajendra Singh Shekhawat: Culture; and Tourism.
Pralhad Joshi: Consumer Affairs, Food and Public Distribution; and New and Renewable Energy.
Jual Oram: Tribal Affairs
FanCode Shop, the merchandising arm of Dream Sports-owned FanCode, in June 2024 has renewed its
exclusive licensing and merchandising partnership with which of the following for the Indian market?
Board of Control for Cricket in India (BCCI)

Equestrian Federation of India (EFI)
Cycling Federation of India
International Cricket Council (ICC)
All India Football Federation (AIFF)
Answer key-4
Solution-

YesMagazine
FanCode Shop, the merchandising arm of Dream Sports-owned FanCode, has renewed its exclusive
licensing and merchandising partnership with the International Cricket Council (ICC) for the Indian
market.
As part of the partnership, FanCode will curate official fan merchandise and accessories for the ICC Men's
T20 World Cup 2024 and ICC Women’s T20 World Cup 2024.
The National Highways Authority of India (NHAI) is planning to raise around Rs 20,000 crore by
monetisation of highways through NHIT in the current financial year. For monetisation through ToT and
InVIT the NHAI has identified 33 highway stretches with a total length of 2741 km spread all over India
for monetisation in 2024-25. NHIT stands for_______.
National Highways Intra Trust

National Highways Infra Trust
National Highways Infra Toll
National Highways Intra Toll
None of these
Answer key-2
Solution:
As alternate investment vehicles gain greater acceptance, the National Highways Authority of India
(NHAI) plans to raise around Rs 20,000 crore by monetisation of highways through National Highways
Infra Trust (NHIT) in the current financial year.
“Under the National Monetisation Pipeline for 2024- 25, NHAI intends to monetize projects worth Rs.
15,000 – 20,000 crore through NHIT.
As per recent The Insurance Regulatory and Development Authority of India (IRDAI) notification,
Insurance companies are set to go for cashless settlement of health insurance claims from ___________2024.
July 1
August 1
October 31
August 31
December 1
Answer key-2
Solution:
Insurance companies will have to go for cashless settlement of health insurance claims from August 1 this
year, making hospital bill settlement of policyholders smoother and faster. The Insurance Regulatory and
Development Authority of India (IRDAI) has said necessary systems and procedures should be put in
place by the insurer immediately and not later than July 31, 2024.

YesMagazine
Bank of India, in June 2024, announced its acquisition of a __________stake in CCIL IFSC, a newly
incorporated entity listed in GIFT SEZ. CCIL IFSC, promoted by the Clearing Corporation of India Limited
(CCIL), is set to develop and manage a real-time foreign currency settlement system within GIFT City.
5.125 per cent

7.125 per cent
6.5 per cent
6.125 per cent
8.125 per cent
Answer key-4
Solution:
Bank of India announced its acquisition of a 6.125 per cent stake in CCIL IFSC, a newly incorporated
entity listed in GIFT SEZ. This strategic investment, amounting to Rs 6.125 crore, underscores the bank's
dedication to the expansion and success of the International Financial Services Centre (IFSC) at GIFT City.
The establishment of the IBU at GIFT City last year was marked by an ambitious goal set by the bank to
achieve a business volume of USD 1 billion in its first year, with an equal focus on advances.
COAI in June 2024 named Abhijit Kishore as its chairperson and Rahul Vatts as the vice chairperson of the
association, effective June 2024. The announcement came after COAI (Cellular Operators Association of
India) concluded its annual general body meeting for 2023-24. Abhijit Kishore is associated with which of
the telecom firm?
Bharti Airtel
Reliance Jio Infocomm
BSNL
Tata Teleservices
Vodafone Idea
Answer key-5
Solution:
New Delhi: Telecom industry association COAI named Vodafone Idea's COO Abhijit Kishore as its
chairperson and Bharti Airtel's Chief Regulatory Officer Rahul Vatts as the vice chairperson of the
association, effective June 2024. The announcement comes after COAI
(Cellular Operators Association of India) concluded its annual general body
meeting for 2023-24.
Abhijit Kishore takes over the charge from Pramod K Mittal, a president at
Reliance Jio Infocomm.
Which of the following bank’s board of directors in June 2024 have approved
raising upto $3 billion through foreign currency bonds issued abroad?
Bank of India

YesMagazine
State Bank of India

Union Bank of India
Bank of Baroda
None of these
Answer key-2
Solution- State Bank of India's (SBI) board of directors have approved raising upto $3 billion through
foreign currency bonds issued abroad, the bank said in a stock market filing.
The fund raise could be in single or multiple tranches of up to $3 billion through a public offer or private
placement of senior unsecured notes in US Dollar or any other major foreign currency during the current
fiscal year ending March 2025
Indian Navy's indigenous stealth frigate INS Shivalik arrived at Yokosuka to take part in the bilateral
Japan-India maritime exercise. Consider the following statements
Named ‘JIMEX 24’, It is the ninth edition of a bilateral Japan-India maritime exercise
The Indian Navy is being represented by INS Shivalik and the (Japan Maritime Self-Defense Force) JMSDF
is being represented by guided missile destroyer J S Yugiri.
The exercise includes both harbour and sea phases.
Which of the above statements is/are Incorrect?
i & ii
ii & iii
iii
i & iii
i
Answer key-5
Solution:
Indian Navy's indigenous stealth frigate INS Shivalik arrived at Yokosuka to take part in the eighth
edition of a bilateral Japan-India maritime exercise.
"Having grown in scope and complexity over the years, 'JIMEX 24' provides an opportunity to learn from
each other's best practices and facilitates operational interactions between IN (Indian Navy) and JMSDF
(Japan Maritime Self-Defense Force) to foster mutual cooperation.
The harbour phase will comprise professional, sports and social interactions after which the two navies
will jointly hone their war fighting skills at sea and enhance their interoperability through complex multi-
discipline operations in the surface, sub-surface and air domains.
The Indian Navy in June 2024 launched the _________ Missile Cum Ammunition Barge, LSAM 13, Yard 81,
built by MSME Shipyard SECON Engineering Projects Pvt Ltd, Visakhapatnam.
Third

YesMagazine
Fourth
Fifth
Sixth
Seventh
Answer key-3
Solution:
The Indian Navy has launched the fifth Missile Cum Ammunition Barge, LSAM 13, Yard 81, built by MSME
Shipyard SECON Engineering Projects Pvt Ltd, Visakhapatnam.
The availability of these Barges would provide impetus to the operational commitments of IN by
facilitating Transportation, Embarkation and Disembarkation of articles, and ammunition to IN Ships
both alongside jetties and at outer harbours.
These Barges are indigenously designed and built under relevant Naval Rules and Regulations of the
Indian Register of Shipping (IRS).
In June 2024, the first ministerial meeting was held following BRICS expansion in 2023 when Egypt,
Ethiopia, Iran, Saudi Arabia, and the UAE joined Brazil, Russia, India, China, and South Africa as full-
fledged BRICS members. Who led the Indian delegation at the BRICS Foreign Ministers' Meeting in Nizhny
Novgorod, in western Russia?
Dammu Ravi
S. Jaishankar
R. Manjuntah
Suresh Gopi
None of these
Answer key-1
Solution:
India welcomed Egypt, Iran, UAE, Saudi Arabia and Ethiopia joining the BRICS as their representatives
attended for the first time a key meeting of the grouping hosted by Russia.
Senior diplomat Dammu Ravi led the Indian delegation at the BRICS Foreign Ministers' Meeting in Nizhny
Novgorod, in western Russia.
Which of the following firms in June 2024 announced the launch of its Lab45 artificial intelligence (AI)
platform, which leverages generative AI (GenAI), machine learning (ML), and deep learning technologies
to help companies increase efficiencies, transform business functions, and enable industry-specific
solutions?
Wipro
TCS
Infosys
IBM
Microsoft

YesMagazine
Answer key-1
Solution:
Wipro announced the launch of its Lab45 artificial intelligence (AI) platform, which leverages generative
AI (GenAI), machine learning (ML), and deep learning technologies to help companies increase
efficiencies, transform business functions, and enable industry-specific solutions.
The Lab45 AI platform runs on a software-as-a-service (SaaS) model and supports various state-of-the-
art large language models (LLMs) from leading providers as well as custom deep-learning and other
models.
The Competition Commission of India (CCI) has approved Mitsubishi Corporation’s acquisition of a
certain equity stake of TVS Certified Private Limited and TVS Vehicle Mobility Solution Private Limited.
Mitsubishi Corporation is based in which country?
China
South Korea
Japan
North Korea
None of these
Answer key-3
Solution:
Mitsubishi Corporation is based in Japan.
The Proposed Combination relates to Mitsubishi Corporation (Acquirer) acquiring an equity stake in TVS
Certified Private Limited (Target 1) and TVS Vehicle Mobility Solution Private Limited (Target 2).
The Acquirer is a global integrated business enterprise that develops and operates businesses with
offices and subsidiaries in 90 countries and regions and around 1,700 group companies worldwide. It
operates in industries including natural gas, industrial materials, petroleum & chemicals, mineral
resources, industrial infrastructure, automotive and mobility, food industry,
consumer industry, power solutions, and urban development.
Vidyut Rakshak aims to save manpower and signifies the Army's

commitment to leveraging technology for transformative change. It was
showcased during Aero India 2023 and was inducted into the Indian Army in
June 2024. It has been designed by which of the following?
Army Design Bureau (ADB)

Advanced Systems Laboratory (ASL)
National Institute of Design, Ahmedabad
Both (1) & (2)
Both (1) & (3)
Answer key-1
Solution:

YesMagazine
The Indian Army has launched 'Vidyut Rakshak', an integrated generator monitoring, protection, and
control system developed by the Army Design Bureau (ADB). This tech-based innovation, part of the
Army's 'Year of Tech Absorption', utilizes Internet of Things (IoT) technology to monitor, predict faults,
and automate manual operations of all existing generators, regardless of type or make.
Vidyut Rakshak is an Internet of Things-enabled integrated generator monitoring, protection and control
system. The Internet of Things (IoT) is a network of interrelated devices that connect and exchange data
with other IoT devices and the cloud.
India slipped two places on the World Economic Forum's Global Gender Gap index. Globally, Sudan was
ranked last on the index of 146 countries. Consider the following statements.
i. Iceland retained its top position
ii. India dropped to 127th place in the World Economic Forum's Global Gender Gap Index 2024
iii. Within South Asia, India was ranked fifth after Bangladesh, Afghanistan, Sri Lanka and Maldives
iv. Since last year, the gender gap has closed by 0.1 percentage points.
Which of the above statements is/are correct?
i & ii
ii & iii
i & iv
ii & iv
i,ii,iii & iv
Answer key-3
India dropped to 129th place in the World Economic Forum's Global Gender Gap Index 2024, while
Iceland retained the top spot. India ranks fifth in South Asia, trailing Bangladesh, Nepal, Sri Lanka, and
Bhutan, with Pakistan at the bottom. Despite progress in economic participation and educational
enrolment, India's political empowerment and representation of women remain low. Globally, the gender
gap will take 134 years to close at the current rate.
i. Iceland retained the top spot

ii. India dropped to 129th place in the World Economic Forum's Global Gender Gap Index 2024
iii. Within South Asia, India was ranked fifth after Bangladesh, Nepal, Sri Lanka and Bhutan
iv. Since last year, the gender gap has closed by 0.1 percentage points.
World Athletics announced a five-year global broadcasting deal with Tata Communications, making the
Indian telecom major a key partner for marquee events starting with the Tokyo World Championships.
The headquarters of World Athletics is located in_________.
Berne
Lausanne
Monaco

YesMagazine
Warsaw
New Delhi
Answer key-3
Solution: World Athletics is headquartered in Monaco.
World Athletics announced a five-year global broadcasting services deal with Tata Communications,
making the Indian telecom major a partner in the coverage of marquee events from next year, including
the Tokyo World Championships.
The year 2025 features events such as the World Athletics Indoor Championships in Nanjing in March,
World Athletics Relays in Guangzhou in May, and World Athletics Road Running Championships in San
Diego in September.
India, the third largest emitter of greenhouse gases, was placed among the lowest-rung countries in air
quality, projected emissions, and biodiversity and habitat in the 2024 Environment Performance Index
(EPI). Consider the following statements.
i. India ranked 176th among 180 countries
ii. The index was released by the Yale Center for Environmental Law and Policy and the Columbia
Center for International Earth Science Information Network.
iii. Iceland is No. 1 in the 2024 rankings.
iv. The 2024 EPI has 58 indicators, including biodiversity, air pollution, air and water quality, waste
management, emission growth rates, projected emissions, etc.

i,ii and iii
i,ii
Only iii
Only iv
i,ii,iii & iv
Answer key-3
Solution: India ranked 176th among 180 countries, above Pakistan, Vietnam, Laos, and Myanmar only, in
the overall index, released 5 June by the Yale Center for Environmental Law and Policy and the Columbia
Center for International Earth Science Information Network. This is a mild improvement to the last EPI in
which India came at the bottom.
i. India ranked 176th among 180 countries
ii. The index was released by the Yale Center for Environmental Law and Policy and the Columbia
Center for International Earth Science Information Network.
iii. Estonia is No. 1 in the 2024 rankings.
iv. The 2024 EPI has 58 indicators, including biodiversity, air pollution, air and water quality, waste
management, emission growth rates, projected emissions, etc.

YesMagazine
The Financial Intelligence Unit (FIU) in June 2024 fined which of the following banks over Rs 1.66 crore
for failing to detect and report suspicious transactions involving a fraudulent account in the name of the
National Security Guard (NSG)?
Yes Bank
Axis Bank
HDFC Bank
ICICI Bank
None of these
Answer key- 2
Solution: The Financial Intelligence Unit has slapped a fine of more than Rs 1.66 crore on Axis Bank for
"failing" to put in place a mechanism to detect and report suspicious transactions carried out at one of its
branches by creating a "fraud" account in the name of counter-terrorist commando force NSG. The federal
agency issued an order under Section 13 of the Prevention of Money Laundering Act (PMLA) that
empowers its Director to impose a monetary penalty on a reporting entity (like Axis Bank) if the agency
finds that its designated director on the board or any of its employees failed to comply with the
obligations mandated under the said law.
Financial Intelligence Unit—India is an organization under the Department of Revenue, Government of
India
According to Microfinance Industry Network (MFIN), an umbrella body of micro-finance institutions,

NBFC-MFIs are the largest provider of micro-credit in the country. Nearly ______ per cent of micro-credit
disbursed by the end of the 2023-24 fiscal was by NBFC-MFIs, and ______per cent by scheduled banks.
40,33
50, 38
60,37
55,40
70,30
Answer key-1
Solution: Nearly 40 per cent of micro-credit disbursed by the end of the 2023-24 fiscal was by NBFC-
MFIs, and 33 per cent by scheduled banks, according to an industry body report. Microfinance Industry
Network (MFIN), an umbrella body of micro-finance institutions, said NBFC-MFIs are the largest provider
of micro-credit in the country.
As of March 31, 2024, the gross loan portfolio of the entities extending micro-credit stood at Rs 4.33 lakh
crore. Small finance banks account for 17 per cent of the overall micro-credit disbursed, followed by
NBFCs at nine per cent.
The 50th G7 leaders’ summit took place in which of the following counties?
Sweden
Italy
India

YesMagazine
China
None of these
Answer key-2
Solution: Prime Minister Narendra Modi would be participating in the 50th G7 Summit in Italy from June
13 to 15, 2024. Invited by Italian Prime Minister Giorgia Meloni, Modi will attend as an Outreach Country,
focusing on significant global issues impacting both the Global South and the world at large.
As the Group of 7 (G7) Presidency in 2024, Italy will host the G7 Summit in Puglia, Italy, in June. The
Government of Italy selected Puglia, a city that has “acted as a bridge between East and West” and
symbolizes connection between the East and West, to align with the Summit’s focus on the Global South.
The RBI’s ASISO facility, was in news recently. The ‘A’ in ASISO stands for____________.
Advanced
Artificial
Automatic
Autonomous
Account
Answer key-3
Solution: The RBI recently witnessed a technical glitch in the facility that allows banks to either deploy
surplus funds or borrow money from the central bank.
Bank treasury executives said the central bank's Automatic Sweep-In and
Sweep-Out (ASISO) facility suffered an outage, as a result of which the funds
parked with the central bank or borrowed from it did not reflect on banks'
books.
In order to provide greater flexibility to banks in managing their day-end cash
reserve ratio (CRR) balances, the Reserve Bank of India has provided an
optional automated sweep-in and sweep-out (ASISO) facility under which
banks are able to pre-set a specific (or range) amount that they wish to
maintain with it at the end of the day.
Insurance Regulatory and Development Authority of India (IRDAI) in June 2024 mandated insurance
companies to provide loans on policies across all life insurance savings products, enabling policyholders
to meet liquidity requirements. Consider the following statements regarding same.
i. According to IRDAI, All non-linked savings products offering surrender value shall have the facility
of policy loan based on the eligible surrender value.
ii. Surrender value is the amount a policyholder can withdraw from their life insurance policy at any
time.
iii. Loans will also be allowed under the Unit Linked Insurance Products (Ulips).

i,ii
i,iii

YesMagazine
Only ii
ii,iii
only iii
Answer key-5
Solution: Regulator Insurance Regulatory and Development Authority of India (Irdai) mandated
insurance companies to provide loans on policies across all life insurance savings products, enabling
policyholders to meet liquidity requirements.
In its master circular for life insurance companies which will be effective from September 30, 2024, the
insurance regulator said: “Facility of policy loan is now mandatory in all life insurance savings products
enabling policyholders to meet liquidity requirements.”
However, the regulator said that loans will not be allowed under the Unit Linked Insurance Products
(Ulips).
Surf Excel is the laundry brand of which of the following FMCG maker?
Godrej Consumer Products
Colgate-Palmolive
ITC Limited
Hindustan Unilever Ltd (HUL)
Adani Wilmar
Answer key-4
Solution: Appliance as washing machine maker Whirlpool of India and Hindustan Unilever Ltd (HUL)
announced a new marketing alliance for Surf Excel, the laundry brand of the Hindustan Unilever Ltd
(HUL).
The integration of innovative technologies from both brands will help in delivering superior fabric care,
improving the daily laundry process, and resulting in an enhanced customer experience
Pema Khandu has been sworn in as Arunachal Pradesh's Chief Minister for the third consecutive term.
Who is the current governor of Arunachal Pradesh?
Shri Rajendra Vishwanath Arlekar

Shri C.P. Radhakrishnan
Lt. General Kaiwalya Trivikram Parnaik
Dr. Kambhampati Haribabu
Sushri Anusuiya Uikye
Answer key-3
Solution: Lt. General Kaiwalya Trivikram Parnaik is the current governor of Arunachal Pradesh.
Shri Rajendra Vishwanath Arlekar- Governor of Bihar
Shri C.P. Radhakrishnan- Governor of Jharkhand
Dr. Kambhampati Haribabu-Governor of Mizoram
Sushri Anusuiya Uikye- Governor of Manipur

YesMagazine
Apple in June 2024 surpassed $1 trillion in brand value, with a 15% increase from last year, retaining its
top position as the world's most valuable brand in 2024. Which of the following firms was not in the top
5?
Google
Microsoft
Nvidia
Oracle
Both 3 & 4
Answer key-5
Solution: Nvidia has for the first time entered Kantar's list of top 10 most valuable brands in the world.
Nvidia’s brand value jumped to over $200 billion from a year earlier, making Nvidia the sixth most
valuable brand, Kantar said.
Oracle, which offers AI-powered cloud services, also made its debut in Kantar's top 10 at the ninth place.
Apple has surpassed $1 trillion in brand value, with a 15% increase from last year, retaining its top
position as the world's most valuable brand in 2024, followed by Google and Microsoft.
India is set to drive oil demand growth according to the International Energy Agency (IEA). Forecasts
predict a significant rise in consumption by 1.3 million barrels between 2023 and 2030, with India's
demand exceeding China's. India is the ___________-biggest oil importer globally.
Second
Third
Fourth
Fifth
None of these
Answer key-2
Solution: India, the world's third biggest oil importer and consumer, will in the second half of the decade
become the driver of global oil demand, the International Energy Agency (IEA) said, forecasting rise in
consumption by a massive 1.3 million barrels between 2023 and 2030. In its Oil 2024 Report, the Paris-
based energy watchdog said India's oil demand is forecast to grow more than any country's other than
China between 2023 and 2030.
In a significant move towards sustainable rural development, ______________, ____________and Suzuki R&D
Centre India Pvt Ltd (SRDI) in June 2024, signed a Memorandum of Understanding (MoU). This
collaboration aims to advance initiatives in renewable energy, circular economy, rural development, and
waste management.
National Dairy Development Board (NDDB), The Energy and Resources Institute (TERI)

YesMagazine
Amul, The Energy and Resources Institute (TERI)

National Dairy Development Board (NDDB), Amul
Britannia Industries, The Energy and Resources Institute (TERI)
National Dairy Development Board (NDDB), Britannia Industries
Answer key-1
Solution: In a significant move towards sustainable rural development, National Dairy Development
Board (NDDB), The Energy and Resources Institute (TERI), and Suzuki R&D Centre India Pvt Ltd (SRDI)
have signed a Memorandum of Understanding (MoU). This collaboration aims to advance initiatives in
renewable energy, circular economy, rural development, and waste management.
This MoU represents a collaborative effort to promote sustainable development, with a focus on
renewable energy and waste management, which is poised to make significant contributions towards a
greener and more sustainable future for India.
The MoU was signed in the presence of Dr. Meenesh Shah, Chairman of NDDB, Dr. Vibha Dhawan,
Director General of TERI, and Kenichiro Toyofuku, Director of SRDI, Maruti Suzuki.
As per the recent newspaper report, The Livestock Census is due in 2024 and will be conducted in
participation of all the States/UTs during the period of Sept-Dec, 2024 with the use of mobile technology
and further transmitting the data online. Which edition of the Livestock census will be conducted in
2024?
20th
21st
22nd
24th
19th
Answer key-2
Solution:
The 21st Livestock Census is due in 2024 and will be conducted in participation of all the States/UTs
during the period of Sept-Dec, 2024 with the use of mobile technology and further transmitting the data
online. The enumeration will be done in all villages and urban wards. Various species of animals (cattle,
buffalo, mithun, yak, sheep, goat, pig, horse, pony, mule, donkey, camel, dog, rabbit and elephant), poultry
birds (fowl, duck and other poultry birds) possessed by the households, household enterprises and non-
household enterprises will be counted at their site, breed-wise with their age, sex.
The Competition Commission of India (CCI) in June 2024 approved acquisition of Global Infrastructure
Management, LLC by BlackRock Funding, Inc. The proposed combination relates to the acquisition of
_______ of the limited liability company interests in Global Infrastructure Management, LLC (GIM) by
BlackRock Funding, Inc (BFI).
70%

YesMagazine
80%
100%
50%
90%
Answer key-3
Solution:
The Competition Commission of India (CCI) has approved acquisition of Global Infrastructure
Management, LLC by BlackRock Funding, Inc.
The proposed combination relates to the acquisition of 100% of the limited liability company interests in
Global Infrastructure Management, LLC (GIM) by BlackRock Funding, Inc (BFI).
BFI is a newly formed wholly owned subsidiary of BlackRock Inc. (BlackRock), with no independent
activities. BlackRock is a U.S. publicly traded company active in the provision of global investment
management, risk management and advisory services to institutional and retail clients around the world.
BlackRock manages assets on behalf of institutional and individual investors worldwide.
As per June 2024 cabinet meeting, Government is set provide assistance to construct 3 crore rural and
urban houses under Pradhan Mantri Awas Yojana (PMAY). PMAY was launched in which of the following
years?
2016
2017
2018
2015
2020
Answer key-4
Solution:
PMAY was launched in the year 2015.
Govt of India is implementing Pradhan Mantri Awas Yojana since 2015-16 to provide assistance to the
eligible rural and urban households for construction of houses with basic amenities. Under PMAY, total
total 4.21 Crore houses have been completed for the eligible poor families under the housing schemes in
the last 10 years.
All the houses constructed under PMAY are provided the other basic amenities such as Household
Toilets, LPG connection, Electricity connection, Functional Household Tap Connection etc. through
convergence with other schemes of Central Government and State Governments.
World Accreditation Day, a global initiative to promote the value of accreditation is observed every year
on____________.

YesMagazine
June 13th
June 9th
June 10th
July 15th
June 11th
Answer key-2
World Accreditation Day (WAD) is a global initiative established by the International Laboratory
Accreditation Cooperation (ILAC) and International Accreditation Forum (IAF), celebrated on 9th June
every year to raise awareness on the importance of accreditation amongst all relevant stakeholders.
The Reserve Bank of India (RBI) issued final guidelines for recognizing SRO in the financial technology
sector. In this context, what does SRO stands for?
Self Regulatory Organizations
Securities Repurchasing Operations
Self Regulation Organizations
Stock Regulatory Operations
Social Responsibility Organizations
Answer key-1
Solution: Final guidelines for recognizing self-regulatory organizations (SRO)
in the financial technology sector.
Aim: To encourage entities to have a representative membership from the
fintech sector
The RBI has set out some important duties for the SRO.
The Reserve Bank of India (RBI ) in June 2024 joined hand with the NPCI International Payments (NIPL)
to expand its Unified Payments Interface (UPI) to ______ countries by FY29.
10
20
30
25
40
Ans: B
Collab between: The Reserve Bank of India (RBI) and NPCI International Payments (NIPL)
Reason: To expand its Unified Payments Interface (UPI) to 20 countries
Target Year: FY29
Work started in: FY25
1. According to the Reserve Bank of India (RBI) data, the central bank has imposed monetary penalties
on regulated entities (REs) more than doubled to ____________ in FY24, compared to FY23.
(1) ₹74.12 crore
(2) ₹59.34 crore
(3) ₹90.32 crore

YesMagazine
(4) ₹100.5 crore

(5) ₹86.11 crore
Answer key-5
Solution:
Data shared by: The Reserve Bank of India (RBI)
The monetary penalties imposed on regulated entities (REs) more than doubled to ₹86.11 crore in FY24.
Penalty reason: Contraventions/non-compliance with provisions of statutes and certain directions issued
by the Reserve Bank from time to time.
2. Reserve Bank of India (RBI) In June 2024 proposed to include Fastags and metro cards under the e-
mandate framework. Consider the following statements.
A: Fastags are used for cashless payment of toll charges at highways, metro cards or National Common
Mobility Card (NCMC) are used for online payment of metro ticket charges.
B: The inclusion of Fastags and NCMC under the e-mandate framework will allow users to enable their
auto recharge.
C: UPI Lite won’t be included under the e-mandate framework.
(2) A,B
(3) B,C
(4) Only C
(5) Only A
(6) A,B,C
Answer key- 1
Solution: RBI proposed to include Fastags and metro cards under the e-mandate framework, the central
bank’s Governor Shaktikanta Das said.
While Fastags are used for cashless payment of toll charges at highways, metro cards or National
Common Mobility Card (NCMC) are used for online payment of metro ticket charges.
The inclusion of Fastags and NCMC under the e-mandate framework will allow users to enable their auto
recharge. The users would not be required to manually recharge the payment instruments every month.
Instead, the amount would be automatically deducted by the authorised bank or the non-banking finance
company.
UPI Lite would also be included under the e-mandate framework.
UPI Lite was introduced in September 2022 to enable small value payments in a quick and seamless
manner through an on-device wallet. It allows users to load up to ₹2,000 in their e-wallet, and make
payments up to ₹500 without entering the verification PIN. This reduces the time taken for completing
the payments.

YesMagazine
3. As per the recent newspaper report, Nvidia has become the world's most valuable company. Consider
the following statements.
A: Nvidia is followed by Apple.
B: Amazon was NOT in the top 5 rankings.
C: NVIDIA founder and CEO is Jensen Huang.
(1) A,C
(2) B,C
(3) A,B
(4) Only B
(5) Only C
Answer key-3
Solution:
Artificial intelligence (AI) giant Nvidia has become the world's most valuable company, dethroning
Microsoft.
The company's total market capitalisation stands at $3.335 trillion after a 3.51% increase in its share
price to ₹135.58 apiece. It is followed by Microsoft ($3.317 trillion).
Recently, Nvidia replaced iPhone maker Apple Inc as the world's second-most valuable company. Apple,
with an m-cap of $3.285 trillion, now takes the third spot.
AMAZON is ranked 5th.
4. Pune-based defence manufacturing firm, Sagar Defence Engineering has been awarded a contract to
the, to develop an underwater-launched unmanned aerial vehicle (ULUAV). Consider the following
statements.
A: The contract has been awarded by Defence Research and Development Organisation (DRDO), along
with the Army.
B: The agreement, aimed at boosting India’s underwater capabilities, pertains to developing a ULUAV that
will launch from a submarine and operate autonomously, with the ability to land on another moving
vessel
C: The agreement was signed between the Director of Technology Development Fund (TDF) at DRDO,
Nidhi Bansal, and Sagar Defence Engineering in the presence of the Director of Defence Research and
Development Laboratory (DRDL), Dr G.A.S. Murthy, and Indian Navy and TDF officials.
(1) B,C
(2) C only

YesMagazine
(3) None of these

(4) A,B
(5) B only
Answer key-1
Solution:
The Defence Research and Development Organisation (DRDO), along with the Navy, has awarded a
contract to the Pune-based defence manufacturing firm, Sagar Defence Engineering, to develop an
underwater-launched unmanned aerial vehicle (ULUAV).
The agreement, aimed at boosting India’s underwater capabilities, pertains to developing a ULUAV that
will launch from a submarine and operate autonomously, with the ability to land on another moving
vessel. It will also come equipped with technologies such as cameras, sonar, and other sensors to collect
data.
5. Mumbai remains the most expensive Indian city for expatriates to live in, a survey has found. India’s
financial capital has moved up 11 spots since 2023 to rank 136th globally. Consider the following
statements.
A: The finding are from Mercer’s 2024 Cost of Living Survey.

B: The report ranked 226 cities based on the cost of more than 200 items, including transportation, food,
clothing, and entertainment.
C: Singapore came in second followed by the Hong Kong in third place.
D: Swiss city of Zurich topped the list.
E: New Delhi at 164, rose four spots, Chennai at 189 dropped five positions and Bengaluru (195) slipped
six spots. Hyderabad remained stable at 202, Pune climbed eight places to 205 and Kolkata rose four
spots to 207.
(1) A,B
(2) B,C
(3) C,D
(4) A,B,E
(5) B,D,E
Answer key- 4
Mumbai remains the most expensive Indian city for expatriates to live in, while Hong Kong tops the
global ranks yet again, a survey by HR consultancy Mercer has found.
India’s financial capital has moved up 11 spots since 2023 to rank 136th globally, Mercer’s 2024 Cost of
Living Survey found.

YesMagazine
The report ranked 226 cities based on the cost of more than 200 items, including transportation, food,
clothing, and entertainment. Singapore came in second followed by the Swiss city of Zurich in third place.
CA booster Practice
Questions
1. Reserve Bank of India (RBI) has imposed a monetary fine of Rs 88.70 lakh on _____________ (Bank's
Name), for non-compliance with licensing conditions imposed by the RBI, and specific directions to stop
undertaking Liberalised Remittance Scheme (LRS) transactions with immediate effect.
A. Yes Bank
B. ICICI Bank
C. SBM Bank (India)
D. SBI
E. Axis Bank
Ans: C
Penalty imposed on: SBM Bank (India)
Imposed by: The Reserve Bank of India (RBI)
Amount: Rs 88.70 lakh
Reason: For non-compliance with licensing conditions imposed by the RBI, and specific directions to stop
undertaking Liberalised Remittance Scheme (LRS) transactions with immediate effect.
2. The Reserve Bank of India (RBI) has added around 100 tonnes or 1 lakh kilograms of gold from
___________ to its vaults in India.
A. The USA
B. United Kingdom
C. Russia
D. France
E. China
Ans: B

YesMagazine
The RBI has added around 100 tonnes or 1 lakh kilograms of gold from the United Kingdom to its vaults
in India
This is the most since early 1991 and the central bank intends to move more in the coming months.
3. According to the National Statistical Office (NSO) of Ministry of Statistics and Programme
Implementation (MoSPI), India’s Gross Domestic Product (GDP) growth rate in the quarter ending March
31, 2024 grew by ________.
A. 7.8%
B. 8.2%
C. 7.9%
D. 7.1%
E. 7%
Ans: B
Data by: National Statistical Office (NSO) of Ministry of Statistics and Programme Implementation
(MoSPI)
India’s Gross Domestic Product (GDP) growth rate in the quarter ending March 31, 2024 grew by 7.8 per
cent.
GDP growth provisionally stands at 8.2% for the full financial year 2023-24 (FY24), as compared to the
growth rate of 7% in FY23.
4. International Union for Conservation of Nature (IUCN) has categorised Mangroves in South India, Sri
Lanka and Maldives as __________.
A. Vulnerable
B. Endangered
C. Critically Endangered
D. Extinct in the Wild
E. Extinct
Ans: C
Context: Revised status of Mangroves in South India, Sri Lanka by IUCN
Coastal mangroves in Tamil Nadu, Sri Lanka, and the Maldives were recently rated as “critically
endangered
5. Which of the following countries has hosted the 46th Antarctic Treaty Consultative Meeting (ATCM-46)
and the 26th Committee on Environmental Protection (CEP-26) from May 20th to May 30th, 2024?
A. China
B. Australia
C. India

YesMagazine
D. Indonesia
E. Japan
Ans: C
India successfully concluded hosting of the 46th Antarctic Treaty Consultative Meeting (ATCM-46) and
the 26th Committee on Environmental Protection (CEP-26)
Date: May 20th to May 30th, 2024
6. In June 2024, which of the following banks has launched NFC Soundbox in association with the
Mastercard, to enable users to accept various payment methods such as Bharat QR, UPI, Tap & Pay, and
Tap + Pin?
A. ICICI Bank
B. Axis Bank
C. Bank of India
D. YES Bank
E. HDFC Bank
Ans: B
Collab between: Axis Bank and Mastercard
Launch: NFC Soundbox
NFC refers to Near field communication.
Aim: To enable users to accept various payment methods such as Bharat QR, UPI, Tap & Pay, and Tap +
Pin.
7. Which organization did the Boxing Federation of India recently agree to become a member of __________.
A. Olympic Boxing Committee

B. World Boxing
C. World Boxing Federation
D. World Professional Boxing Federation
E. International Boxing Association
Ans: B
In a dramatic development, the Boxing Federation of India (BFI) has agreed to join the World Boxing, the
newly-formed governing body. It was formed after the International Olympic Committee (IOC) refused to
recognize the International Boxing Association (IBA).
8. Reserve Bank of India (RBI) cancelled the auction of 10-year green bonds as traders refused to pay
greenium. Diverging from the pattern of issuing green bonds in the latter half, the government plans to
issue green bonds worth __________________ in the first half of the current financial year.
A. Rs 11,000 crore
B. Rs 12,000 crore

YesMagazine
C. Rs 13,000 crore
D. Rs 14,000 crore
E. Rs 15,000 crore
Ans: B
Reserve Bank of India (RBI) cancelled the auction of 10-year green bonds as traders refused to pay
greenium.
Greenium signifies the premium investors are willing to pay for green bonds because of their
sustainability impact.
Diverging from the pattern of issuing green bonds in the latter half, the government plans to issue green
bonds worth Rs 12,000 crore in the first half of the current financial year.
9. Bernadine Bezuidenhout announced her retirement from international cricket. For which two
countries has she played cricket?
A. New Zealand and England

B. England and South Africa
C. South Africa and Australia
D. Australia and England
E. South Africa and New Zealand
Ans: E
New Zealand cricketer Bernadine Bezuidenhout announced her retirement from international cricket.
The 30-year-old appeared in 4 ODIs, and 7 T20Is for South Africa after that she switched to New Zealand.
Bezuidenhout played 16 ODIs and 22 T20Is for the Kiwis in the international cricket.
10. Which institute has been awarded the Nelson Mandela Award for Health Promotion for 2024 by the
World Health Organization (WHO)?
A. Central Institute of Psychiatry in Jharkhand

B. National Brain Research Centre Research institute in Gurgaon
C. AIIMS Delhi
D. National Institute of Mental Health and Neuro Sciences in Bengaluru
E. Fortis
Ans: D
The National Institute of Mental Health and Neuro Sciences (NIMHANS) in Bengaluru has been awarded
the Nelson Mandela Award for Health Promotion for 2024 by the World Health Organization (WHO).
11. World Milk Day is celebrated every year on which day?
A. 1 June
B. 2 June
C. 3 June

YesMagazine
D. 4 June
E. 5 June
Ans: A
World Milk Day is celebrated every year on 1 June.
This day is dedicated to the dairy industry and the products they sell. It is a day to start a conversation
about how accessible, affordable, and nutritious milk is around the world.
12. Recently, which country has launched its first space agency and plans to make a Mars landing by
2045?
A. Mauritius
B. South Korea
C. Singapore
D. Malaysia
E. The USA
Ans: B
South Korea plans a Mars landing by 2045, investing 100 trillion won ($72.6 billion) in space exploration.
President Yoon Suk Yeol announced this at the launch of the Korea Aerospace Administration (KASA),
which aims to boost South Korea into the top five space powers.
13. The Supreme Court has reconstituted its Gender Sensitisation and Internal Complaints Committee.
Who will chair this committee?
A. Justice Sharad Arvind Bobde

B. Justice D.Y. Chandrachud
C. Justice B V Nagarathna
D. Justice Hima Kohli
E. Justice Ranjan Gogoi
Ans: D
The Supreme Court has reconstituted its Gender Sensitisation and Internal Complaints Committee.
The 12-member committee is headed by top court judge Hima Kohli, who is the chairperson.
14. What is the name of India’s first female Permanent Representative to the United Nations who retired
recently?
A. Nirupama Rao
B. Gita Sabharwal
C. Smita Sarangi
D. Tanu Singh
E. Ruchira Kamboj

YesMagazine
Ans: E
India’s first woman Permanent Representative to the United Nations, Ruchira Kamboj retired after 35
years of service, during which she served as Indian envoy in Bhutan, South Africa and UNESCO.
15. How many medals has won by Indian contingent in the Taiwan Athletics Open 2024?
A. 5
B. 6
C. 7
D. 8
E. 9
Ans: C
In the Taiwan Athletics Open 2024, the Indian contingent concluded the campaign with a remarkable
medal haul, bagging seven medals including three golds, three silvers and one bronze medal.
16. The Indian Space Research Organisation (ISRO) has collaborated with which company to
manufactured a 3D-printed rocket engine?
A. Wipro
B. HCL
C. TCS
D. Infosys
E. IBM
Ans: A
The Indian Space Research Organisation (ISRO) and Wipro 3D have successfully manufactured a 3D-
printed rocket engine, the PS4, set to power the fourth stage of the Polar Satellite Launch Vehicle (PSLV).
17. World Bicycle Day is celebrated every year on which day?
A. 1 June
B. 2 June
C. 3 June
D. 4 June
E. 5 June
Ans: C
World Bicycle Day is celebrated every year on 3 June.
18. Recently, which organizations jointly launched ‘BIMReN initiative’ for PhD students?
A. Ministry of Earth Sciences and Indian Ocean Rim Association

B. Ministry of External Affairs and Bay of Bengal Programme-Inter Governmental Organization

YesMagazine
C. Ministry of Science and Technology and BIMSTEC Secretariat

D. Ministry of Environment, Forest and Climate Change and SAARC
E. None of these
Ans: B
The Indian government launched BIMReN (BIMSTEC-India Marine Research Network) with MEA and
BOBP-IGO to boost blue economy development.
19. According to recent government data, India got highest FDI from which country in 2023-24?
A. Mauritius
B. Singapore
C. Vietnam
D. China
E. Switzerland
Ans: B
In 2023-24, India received the highest foreign direct investment (FDI) from Singapore, amounting to
$11.77 billion despite a 31.55% decline, according to government data.
20. Recently, Claudia Shienbaum has been elected as the first woman President of which country?
A. Malaysia
B. Thailand
C. Singapore
D. Mexico
E. None of these
Ans: D
Claudia Shienbaum has been elected as Mexico’s first woman president, marking a historic milestone in
its 200-year history.
21. According to the Singapore-headquartered, DBS Bank, India's economy will grow at ______ in 2024-25.
A. 7%
B. 7.1%
C. 5.7%
D. 8.1%
E. 8.2%
Ans: A
Prediction by: DBS Bank (Singapore-headquartered)
India’s economic growth Prediction:
April -June 2024: 7%
2024-25: 7%
Fiscal Deficit: 5.1% in FY25 and 4.5% in FY26
Reserve Bank of India (RBI) announced divided: Rs 2.1 lakh crore

YesMagazine
22. Which general insurance organization has launched 'Insure today for a safe tomorrow' campaign?
A. Universal Sompo General Insurance
B. Acko General Insurance Limited
C. Aditya Birla General Insurance
D. Agriculture Insurance Company of India Limited
E. Bajaj Allianz General Insurance Company Limited
Ans: A
Name of Campaign: Insure today for a safe tomorrow
Launched by: Universal Sompo General Insurance
Aim: To raise awareness about the importance of insurance in safeguarding against unforeseen risks.
23. In June 2024, which of the following asset management companies has launched Business Cycle Fund,
a new fund offer?
A. HDFC Mutual Fund
B. Canara Robeco Mutual Fund
C. Aditya Birla Sun Life AMC Limited
D. Axis Mutual Fund
E. Sundaram Mutual
Ans: E
Launch of: Business Cycle Fund
Launched by: Sundaram Mutual
Type: New Fund Offer (NFO)
Subscription open: June 5, 2024
Subscription close: June 19, 2024
The scheme reopens for ongoing subscription and redemption from July 1, 2024
24. In June 2024, the capital market regulator, SEBI, proposed to raise the basic service demat limit to
___________ from ₹2 lakh.
A. ₹5 lakh
B. ₹4 lakh
C. ₹8 lakh
D. ₹12 lakh
E. ₹10 lakh
Ans: E
Proposed plan: The regulatory body, SEBI has proposed to raise the basic
service demat limit five-fold to ₹10 lakh
Earlier: ₹2 lakh
Reason: To boost the participation of retail investors in the securities market.

YesMagazine
25. In June 2024, the Kotak Mahindra Bank has received an approval from the Reserve Bank of India
(RBI) to _______ stakes of its general insurance arm to Zurich Insurance.
A. 50%
B. 60%
C. 70%
D. 80%
E. 90%
Ans: C
Approval given to: Kotak Mahindra Bank
Reason of approval: To sell its general insurance arm to Zurich Insurance
Stakes: 70%
Received by: The Reserve Bank of India
26. Who headed the committee set up by SEBI, to review the ownership and economic structure of
clearing corporations and suggest measures to ensure that those entities function as resilient,
independent, and neutral risk managers?
A. N.S. Vishwanathan
B. Viral V. Acharya
C. S S Mundra
D. M.D. Patra
E. Usha Thorat
Ans: E
Committee set up by: SEBI
Reason: To review the ownership and economic structure of clearing corporations and suggest measures
to ensure that those entities function as resilient, independent, and neutral risk managers
Headed by: Usha Thorat (Former Deputy Governor of the Reserve Bank of India (RBI))
27. In June 2024, which of the following country's central banks has signed an MoU with the NPCI
International Payments Limited (NIPL) to develop and launch UPI-like instant payments system?
A. The USA
B. Peru
C. Netherland
D. New Zealand
E. France
Ans: B
MoU signed between: Central bank of Peru and NPCI International Payments
Limited (NIPL)
Reason: To develop and launch UPI-like instant payments system.
This is NIPL’s second partnership with a central bank to deploy the Unified Payments Interface (UPI)
stack in the international market.

YesMagazine
28. Which of the following Indian institutions has ranked 118 and topped India in QS World University
Rankings 2025?
A. IIT Bombay
B. IIT Delhi
C. IISc, Benagluru
D. IIT Madras
E. IIT Kanpur
Ans: A
Globally, the Massachusetts Institute of Technology (MIT) retained the ‘best institute in the world’
position for the 13th time this year.
61% of Indian universities’ ranking has improved.
In India, IIT Bombay gaining the top spot.
Climbed from 149 in 2024 to 118 in the 2025 rankings
29. The 2024 Heads of State Summit for the Kavango-Zambezi Trans-Frontier Conservation Area (KAZA-
TFCA) took place in _________.
A. Bolivia
B. South Africa
C. Zambia
D. Angola
E. Botswana
Ans: E
The 2024 Heads of State Summit for the Kavango-Zambezi Trans-Frontier Conservation Area (KAZA-
TFCA) took place in Livingstone, Zambia.
30. In June 2024, which of the following ministries has collaborated with the UNESCO South Asia Regional
Office, to host the Workshop on Safe, Trusted and Ethical Artificial Intelligence in New Delhi.
A. Minstry of Finance
B. Ministry of Culture
C. Ministry of Electronics and Information Technology
D. Ministry of Agriculture and Farmers Welfare
E. Ministry of Consumer Affairs, Food and Public Distribution
Ans: C
Collab between: Ministry of Electronics and Information Technology and UNESCO South Asia Regional
Office
Hosted: Workshop on Safe, Trusted and Ethical Artificial Intelligence
Location: New Delhi

YesMagazine
31. In June 2024, Ministry of Health and Family Welfare (MoHFW) signed an MoU with the Ministry of
Defence (MoD), to facilitate the two Ministries in operating a special cell of Tele MANAS, the National
Telemental Health Helpline of MoHFW, as a pilot project for a period of two years at the Armed Forces
Medical College in Pune. In this context, Tele MANAS was launched by which ministry?
A. Ministry of Health and Family Welfare
B. Ministry of Defence
C. Ministry of Electronics and Information Technology
D. Ministry of Agriculture and Farmers Welfare
E. Ministry of Consumer Affairs, Food and Public Distribution
Ans: A
The Ministry of Health and Family Welfare (MoHFW) and the Ministry of Defence (MoD)
Aim: To facilitate collaboration between the two Ministries in operating a special cell of Tele MANAS, the
National Telemental Health Helpline of MoHFW, as a pilot project for a period of two years at the Armed
Forces Medical College in Pune.
32. Who has been chosen for the prestigious Gudleppa Hallikeri Award for 2024 by the Gudleppa
Hallikeri Memorial Foundation?
A. Deepak Shenoy
B. Neeli Bendapudi
C. Siddhalinga Pattanashetti
D. Shanti Lakra
E. Deepika Misra
Ans: C
Poet and playwright Siddhalinga Pattanashetti has been chosen for the prestigious Gudleppa Hallikeri
Award for 2024 by the Gudleppa Hallikeri Memorial Foundation, Hosaritti (Haveri District).
33. IndiGo will host the 81st annual general meeting of the International Airport Transport Association
(IATA) in which city in June 2025?
A. Bengaluru
B. New Delhi
C. Hyderabad
D. Ahmedabad
E. Mumbai
Ans: B
IndiGo will host the 81st annual general meeting of the International Airport Transport Association
(IATA) in Delhi in June 2025.
The meeting will be held in the country after a gap of 42 years.
34. World Environment Day is celebrated every year on which day?

A. 1 June
B. 2 June

YesMagazine
C. 3 June
D. 4 June
E. 5 June
Ans: E
World Environment Day is celebrated every year on June 5.
This day is dedicated to raising awareness and taking action for the protection of our environment.
Theme 2024 – Land Restoration, Desertification, and Drought Resilience
35. Which of the following countries has launched KASA, an official space agency?
A. Kazakhstan
B. Kenya
C. Kiribat
D. Kosovo
E. South Korea
Ans: E
South Korea has officially launched its space agency, the Korea AeroSpace Administration (KASA)
Aim: To lead policy and industrial development in its aerospace sector
36. Which company has signed an agreement with the Gati Shakti Vishwavidyalaya (GSV) for carrying out
joint research related to 5G/6G communications in the transportation and logistics sector?
A. BSNL
B. Nokia
C. Samsung
D. Reliance
E. Airtel
Ans: B
Finnish telecom gearmaker Nokia has signed an agreement with the Gati Shakti Vishwavidyalaya (GSV)
for carrying out joint research related to 5G/6G communications in the transportation and logistics
sector.
37. Real Madrid has won the 15th UEFA Champions League title after defeating which team?
A. Paris Saint-Germain
B. Arsenal F.C.
C. Bayer Leverkusen
D. Liverpool F.C.
E. Borussia Dortmund
Ans: E
Real Madrid etched their name in the history books once again by securing a record-extending 15th UEFA
Champions League title.
The Spanish giants showcased their trademark resilience and clinical edge, overcoming a valiant Borussia
Dortmund side with a 2-0 victory.

YesMagazine
38. International Day of Innocent Children Victims of Aggression is observed every year on which day?
A. 1 June
B. 2 June
C. 3 June
D. 4 June
E. 5 June
Ans: D
International Day of Innocent Children Victims of Aggression is observed on June 4 every year.
39. Which space organization recently developed Computational Fluid Dynamics (CFD) software named
‘PraVaHa’?
A. ISRO
B. JAXA
C. ESA
D. CNSA
E. NASA
Ans: A
The Indian Space Research Organisation (ISRO) developed PraVaHa, a Computational Fluid Dynamics
(CFD) software, at the Vikram Sarabhai Space Centre.
40. Recently, Halla Tomasdottir has been elected as the President of which country?
A. Iceland
B. Ireland
C. Italy
D. Greece
E. None of these
Ans: A
Halla Tomasdottir has been elected as Iceland’s seventh President and will take office on 1 August 2024,
succeeding Guana Johannesson.
41. Which organisation has recently (in June'24) released a report titled "Climate Finance Provided and
Mobilised by Developed Countries in 2013-2022" which stated that developed countries provided and
mobilised USD 115.9 billion as climate finance for developing countries in 2022?
A. Organization for Economic Cooperation and Development
B. International Labour Organization
C. United Nations Conference on Trade and Development
D. Small Industries Development Bank of India
E. United Nations Framework Convention on Climate Change
Ans: A

YesMagazine
According to the Organization for Economic Cooperation and Development's (OECD) report, Climate
Finance Provided and Mobilised by Developed Countries in 2013-2022, developed countries provided
and mobilised USD 115.9 billion as climate finance for developing countries in 2022.
42. Which bank/association has recently launched a website named 'Bank Clinic' to guide retail
customers about their rights and remedies?
A. Indian Banks' Association
B. State Bank of India
C. Indian Overseas Bank
D. All India Bank Employees Association
E. Indian Bank
Ans:D
All India Bank Employees' Association (AIBEA), the oldest and largest trade union of bank employees,
launched a 'Bank Clinic', an exclusive website, in Mumbai, Maharashtra.
It is a complaint redressal platform to guide retail customers about their rights and remedies.
43. The Asian Paralympic Committee (APC) announced the inclusion of armwrestling as an official sport
in Asian Youth Para Games 2025. Which country will host Asian Youth Para Games 2025?
A. India
B. Uzbekistan
C. Kazakhstan
D. China
E. Japan
Ans: B
The Asian Paralympic Committee (APC) announced the inclusion of armwrestling as an official sport in
the upcoming Asian Youth Para Games.
The Games will take place in Tashkent, Uzbekistan in September-October
2025.
44. Which company has signed a deal with DRDO to build Research Vessel for
DRDO in ₹500 crore deal?
A. Mazagon Dock Shipbuilders
B. Hindustan Shipyard
C. ABG Shipyard
D. Garden Reach Shipbuilders & Engineers
E. Cochin Shipyard Limited
Ans: D
Garden Reach Shipbuilders and Engineers (GRSE), a leading Indian shipyard, has emerged victorious in
the bidding process for a new research vessel for the Defence Research and Development Organisation
(DRDO).

YesMagazine
45. In June 2024, the Reserve Bank of India (RBI) has set up a committee to help build a digital public
infrastructure platform specialised to tackle the issue of frauds, under the chairmanship of ______.
A. Abhaya Hota
B. Hima Kohli
C. HR Khan
D. Anand Sinha
E. K.C. Chakrabarty
Ans: A
The Reserve Bank of India (RBI) has set up a committee to help build a digital public infrastructure
platform specialised to tackle the issue of frauds.
The committee will also suggest means through which the platform will check frauds in the digital
payments ecosystem and suggest fraud mitigation measures.
The panel will be chaired by Abhaya Hota.
46. In June 2024, according to the The United Nations’ World Meteorological Organisation (WMO)
warned about the extreme likelihood of the global temperature temporarily exceeding the 1.5 degree
Celsius threshold between the years ________.
A. 2024 and 2028
B. 2025 and 2027
C. 2024 and 2029
D. 2025 and 2030
E. 2026 and 2030
Ans: A
The United Nations’ World Meteorological Organisation (WMO) warned about the extreme likelihood of
the global temperature temporarily exceeding the 1.5 degree Celsius threshold between the years 2024
and 2028.
47. Along with Pakistan, Somalia, Denmark, Greece, which of the following countries ere elected as non-
permanent members of the UN Security Council for a two-year term beginning 2025?
A. Singapore
B. Switzerland
C. Malaysia
D. India
E. Panama
Ans: E
Pakistan, Somalia, Denmark, Greece and Panama were elected as non-permanent members of the UN
Security Council for a two-year term beginning 2025.
48. Along with India, South Korea, Japan, the US, which organizations jointly launched Biopharmaceutical
Alliance?

YesMagazine
A. World Bank
B. European Union
C. ASEAN
D. SCO
E. OPEC
Ans: B
Name of alliance: Biopharmaceutical Alliance
Launched by: India, South Korea, Japan, the US, and the European Union
Aim: To put joint efforts to build a resilient supply chain in the iopharmaceutical sector
Announcement: The announcement was made at the inaugural meeting of the Biopharmaceutical
Alliance, held in San Diego, California, during the Bio International Convention 2024, the world’s largest
biopharmaceutical exhibition.
49. In June 2024, the Reserve Bank of India has proposed to raise the bulk deposit limit to __________ from
₹2 crore.
A. ₹2.5 crore
B. ₹3 crore
C. ₹3.5 crore
D. ₹4 crore
E. ₹4.5 crore
Ans: B
Plan: To raise the bulk deposit limit to ₹3 crore from ₹2 crore
Planned by: The Reserve Bank of India (RBI)
Banks: Scheduled commercial banks (excluding regional rural banks), small finance banks, and local area
banks
50. In the June 2024 bi-monthly monetary policy, the Reserve Bank of India has predicted, that India will
grow at ______ in the FY25, from 7 per cent estimated earlier.
A. 6.9%
B. 7.0%
C. 7.1%
D. 7.2%
E. 7.6%
Ans: D
Prediction: India to grow at 7.2% in the FY25 (from 7 per cent estimated earlier)
Forecasted by: The Reserve Bank of India (RBI)
Monetary Policy (Highlights):
Focus: Withdrawal of accommodative monetary policy stance to bring down inflation
Repo rate unchanged at 6.5 per cent
Note: Repo rate was last hiked in February 2023

YesMagazine
51. In June 2024, the Reserve Bank of India (RBI) has proposed a facility to allow customers to
automatically replenish their UPI Lite wallets up to _________ in their wallets.
A. Rs 1,000
B. Rs 1,500
C. Rs 4,000
D. Rs 2,000
E. Rs 2,500
Ans: D
Proposed: A facility to allow customers to automatically replenish their UPI Lite wallets
Proposed by: The Reserve Bank of India (RBI)
Aim: To promote small-value digital payments
UPI Lite was introduced by the National Payments Corporation of India (NPCI) in September 2022.
It allows users to load up to Rs 2,000 in their wallets and make payments of up to Rs 500 without
requiring a PIN.
52. In June 2024, the 2024 UN Climate Change Conference (UNFCCC COP 29) will convene in November
2024 in ________.
A. Azerbaijan
B. Kuwait
C. Oman
D. Ukraine
E. India
Ans: A
The 2024 UN Climate Change Conference (UNFCCC COP 29) will convene in November 2024 in Baku,
Azerbaijan.
The annual climate conference will lay particular stress on “Peace” and “Truce”.
Aim: To enable countries to focus on climate solution amid ongoing conflicts.
53. According to the The Household Consumption Expenditure Survey (HCES), released by Ministry of
Statistics and Programme Implementation (MoSPI), the monthly per capita cereal consumption in rural
areas stood below ___________ in 2022-23.
A. 10 kg
B. 15 kg
C. 5 Kg
D. 20 Kg
E. 25 Kg
Ans: A
Report: The Household Consumption Expenditure Survey (HCES)
Released by: The Ministry of Statistics and Programme Implementation (MoSPI)
Highlights:
The monthly per capita cereal consumption in rural areas stood below 10 kg in 2022-23.

YesMagazine
The consumption of cereals in rural households declined to 9.61 kg in 2022-23 from 11.23 kg in 2011-12
54. Which of the following Ministries has launched Indigenous Air Quality Monitoring System (AQ-AIMS)
and Air-Pravah App?
A. Ministry of Jal Shakti
B. MeitY
C. Ministry of Chemicals and Fertilizers
D. Ministry of Civil Aviation
E. Ministry of Environment, Forest and Climate Change
Ans: B
Inauguration of: Indigenous Air Quality Monitoring System (AQ-AIMS) and Air-Pravah App
Launched by: Secretary, Electronics and IT Ministry, S. Krishnan
Date: World Environment Day
Developed under MeitY supported technologies
55. In June 2024, which state government has launched a first-of-its-kind Astro-tourism named ‘
Nakshatra Sabha’?
A. Himachal Pradesh
B. Uttarakhand
C. Sikkim
D. Arunachal Pradesh
E. Tripura
Ans: B
The Uttarakhand government organised a first-of-its-kind Astro-tourism
named ‘ Nakshatra Sabha’ in Mussoorie.
The first astro-tourism event was held at Mussoorie City, also famous as the
Queen of the Hills.
56. Which constituency has recorded the highest votes for NOTA in The Lok
Sabha elections 2024?
A. Amethi
B. Ayodhya
C. Surat
D. Gopalganj
E. Indore
Ans: E
NOTA created a record with 2.18 lakh voters in Madhya Pradesh’s Indore opting for the ‘none of the
above’ option in the Lok Sabha elections.
57. Oleg Kononenko became the first person to spend a cumulative 1,000 days in space. He is from which
country?

YesMagazine
A. Australia
B. Russia
C. Japan
D. USA
E. China
Ans: B
A Russian cosmonaut became the first person to spend a cumulative 1,000 days in space.
Oleg Kononenko, 59, reached the record while on his current mission aboard the International Space
Station (ISS).
58. Which state’s police has secured the first position in the country in blocking mobile numbers involved
in cyber crime?
A. Uttar Pradesh
B. Gujarat
C. Rajasthan
D. Punjab
E. Haryana
Ans: E
Haryana Police has secured the first position in the country in blocking mobile numbers involved in cyber
crime.
59. What is the key theme of Global Hackathon HaRBInger 2024, launched by the Reserve Bank of India
(RBI) to combat financial frauds?
A. Zero Financial Frauds
B. Being Divyang Friendly
C. Innovation for Transformation
D. Inclusive Digital Services
E. Both A and B
Ans: E
Reason: To combat financial frauds
Aim: To develop innovative tech-based solutions to predict, detect, and prevent financial frauds in real-
time.
Key themes: (1) ‘Zero Financial Frauds’ and (2) ‘Being Divyang Friendly’
60. In June 2024, which of the following country's government has launched 700-Metre Pedestrian
‘Bridge of National Unity’, located in Satoraljaujhely?
A. Iceland
B. China
C. Hungary
D. Denmark
E. Switzerland

YesMagazine
Ans: C
Launch of: 700-Metre Pedestrian ‘Bridge of National Unity’
Place: Satoraljaujhely, Hungary
The Bridge of National Unity is one of the longest bridges in the world.
61. According to the Global Gas Flaring Tracker Report, released by the World Bank, Global gas flaring in
2023 has increased by _______ from 2022 leading to a rise of 23 million tonnes of CO2 emissions.
A. 7%
B. 6%
C. 8%
D. 9%
E. 10%
Ans: A
Global gas flaring in 2023 has increased by 7% from 2022 leading to a rise of 23 million tonnes of CO2
emissions.
Major Contributor: Russia, Iran, Iraq, USA, etc.
62. Recently, a team of wildlife experts has documented the presence of a ‘striped caecilian (Ichthyophis
spp)’ in which national park for the first time?
A. Kaziranga National Park
B. Manas National Park
C. Raimona National Park
D. Orang National Park
E. None of these
Ans: A
Assam’s wildlife officials reported the first recording of the striped caecilian (Ichthyophis spp) in
Kaziranga National Park during a recent herpetofauna survey.
63. Who has been appointed as the CMD of New India Assurance Company?
A. Gaurav Banerjee
B. Jetha Ahir
C. Vinod Ganatra
D. Raj Priy Singh
E. Girija Subramanian
Ans: E
The government has appointed Girija Subramanian as chairman and managing director (CMD) of the
largest general insurer, New India Assurance.
64. Which country is hosting the 48th edition of the Copa America football tournament?
A. Australia
B. Russia

YesMagazine
C. Japan
D. USA
E. China
Ans: D
The 48th edition of the Copa America football tournament kick off in the United States.
This is the second time in the 108-year history of the Copa America Cup that the event is being held
outside South America.
65. In June 2024, the applications are invited under the aegis of RBI’s ‘Omnibus Framework for
recognition of Self-Regulatory Organisations for Regulated Entities of the Reserve Bank’. In this context,
the SRO shall have at least _________ of the total number of NBFCs in the Base Layer as per Scale Based
A. 10%
B. 15%
C. 20%
D. 25%
E. 30%
Ans: A
The SRO shall have at least 10% of the total number of NBFCs in the Base Layer as per Scale Based
66. In June 2024, what is the rank of India in the Global Energy Transition Index released by the World
Economic Forum (WEF)?
A. 60th
B. 63rd
C. 66th
D. 69th
E. 56th
Ans: B
Global Energy Transition Index released by the World Economic Forum (WEF)
India has been ranked 63rd out of 120 countries
Improving three ranks from last year’s 67th position.
67. In June 2024, the Prime Minister of India, Narendra Modi, awarded certificates to over 30,000 self-
help groups as ___________ in Varanasi, to enhance the skills of rural women in agriculture, recognizing
their vital role in this sector.
A. Krishi Sakhis
B. Krishi Dost
C. Kisan Maitri
D. Krishi Maitri
E. Kisan Dost
Ans: A

YesMagazine
Prime Minister Narendra Modi awarded certificates to over 30,000 self-help groups as Krishi Sakhis in
Varanasi.
This initiative aims to enhance the skills of rural women in agriculture, recognizing their vital role in this
sector.
68. In June 2024, India and __________ commissioned an initiative key to maritime security cooperation
between the two countries and built on a grant of $6 million from New Delhi.
A. South Korea
B. Sri Lanka
C. Indonesia
D. Maldives
E. Malaysia
Ans: B
India and Sri Lanka commissioned an initiative key to maritime security cooperation between the two
countries and built on a grant of $6 million from New Delhi.
69. What is the theme of World Hydrography Day 2024, observed on June 21?
A. Hydrographic Information - Enhancing Safety, Efficiency and Sustainability in Marine Activities
B. Hydrography – Underpinning the Digital Twin of the Ocean
C. Hydrography - contributing to the United Nations Ocean Decade
D. 100 years of international cooperation in hydrography
E. Hydrography enabling autonomous technologies
Ans: A
The theme of WHD 2024 is "Hydrographic Information - Enhancing Safety, Efficiency and Sustainability
in Marine Activities".
70. Who has been appointed as the new secretary-general of NATO (North Atlantic Treaty Organization)?
A. Pieter Omtzigt
B. Sigrid Kaag
C. Mona Keijzer
D. Izaäk Rutte
E. Mark Rutte
Ans: E
Mark Rutte will appoint as the new secretary-general of NATO. Mark Rutte will succeed Jens Stoltenberg.
71. In June 2024, the Reserve Bank of India (RBI) has announced a significant update to its ‘Database on
Indian Economy’ (DBIE) portal, effective immediately. The portal’s domain address will now be accessed
through __________.
A. https://data.rbi.org.in
B. https://datastore.rbi.org.nic

YesMagazine
C. https://database.rbi.org.com
D. https://data.rbi.org.com
E. https://data.rbi.org.nic
Ans: A
The Reserve Bank of India (RBI) has announced a significant update to its ‘Database on Indian Economy’
(DBIE) portal, effective immediately.
The portal’s domain address will now be accessed through https://data.rbi.org.in, consolidating its
services and ensuring seamless access for users.
72. In June 2024, SEBI has formed a 15-member working group to review derivatives trading norms with
an aim of enhancing investor protection and risk management. This working group is headed by __________.
A. G Padmanabhan
B. UK Sinha
C. Ajay Tyagi
D. Harsh Mehta
E. M. Damodaran
Ans: A
Formation of 15-member working group
Formed by: SEBI
Aim: To review derivatives trading norms with an aim of enhancing investor
protection and risk management
The 15-member panel will be headed by G Padmanabhan, former executive
director of Reserve Bank of India (RBI).
73. Ministry of New & Renewable Energy (MNRE) has implemented National Green Hydrogen Mission
(NGHM) to achieve production capacity of 5 million tonnes per annum of Green Hydrogen in the country
by ________.
A. 2026
B. 2027
C. 2028
D. 2029
E. 2030
Ans: E
Ministry: Ministry of New & Renewable Energy (MNRE)
Implementation of: National Green Hydrogen Mission (NGHM)
Aim: To achieve production capacity of 5 million tonnes per annum of Green Hydrogen in the country by
the year 2030
74. In June 2024, Ministry of Coal has initiated India’s First Ever Pilot project for Underground Coal
Gasification in __________ (state).
A. Chhattisgarh

YesMagazine
B. Andhra Pradesh
C. Jharkhand
D. Bihar
E. Odisha
Ans: C
Ministry: Ministry of Coal
Eastern Coalfields Limited (ECL) has embarked on an innovative pilot project for Underground Coal
Gasification (UCG)
Location: Kasta coal block in Jamtara District, Jharkhand.
75. In June 2024, which General Insurance Company has provided cashless claims approval of ₹8.03 crore
for over 8,170 hospital admissions under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana in the
Union Territory Dadra & Nagar Haveli and Daman & Diu?
A. Bajaj Allianz General Insurance
B. Bharti AXA General Insurance
C. Cholamandalam MS General Insurance
D. Go Digit General Insurance
E. Universal Sompo General Insurance
Ans: E
Universal Sompo General Insurance Company has provided cashless claims approval of ₹8.03 crore for
over 8,170 hospital admissions under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana in the Union
Territory Dadra & Nagar Haveli and Daman & Diu.

YesMagazine
Quantitative Aptitude
Practice Questions
Study the pie-charts carefully and answer the questions given below:
The following pie-chart shows the distribution in degree of the monthly family budget of 5 members.
And given chart is showing distribution in percentage of above-mentioned items amoung 5 members P, Q,
R, S and T. Their total monthly budget is 1,80,000 rupees.
Q1. What is the average expenses of Q?

a) rupees 8000
b) rupees 8070

YesMagazine
c) rupees 7080
d) rupees 8010
e) none
CORRECT OPTION: b
SOLUTION:
average expenses of Q
= (40% of 104 / 360 + 15% of 54/ 360 + 10% of 74 / 360 + 10% of 56 / 360 + 25% of 72 / 360) ×
180,000 / 5
= (40/ 100 × 104 / 360 + 15 / 100 × 54/ 360 + 10 / 100 × 74 / 360 + 10 / 100 × 56 / 360 + 25 / 100 × 72
/ 360) × 180,000 / 5
= (416 / 3600 + 81 / 3600 + 74 / 3600 + 56 / 3600 + 180 / 3600) × 180,000 / 5
= (416 + 81 + 74 + 56 + 180) / 3600 × 180,000 / 5
= 807 / 3600 × 180,000 / 5
= 8070
Q2. What is the approximate percentage increase in the amount Which Q spend in education as compared
to R for the same?
a) 54%
b) 62%
c) 60%
d) 68%
e) 72%
CORRECT OPTION: c
SOLUTION:
Expenses of Q in education
= (40% of 104 / 360) × 180,000
= (40 / 100 × 104 / 360) × 180,000
= 20,800
Expenses of R in education
= (25% of 104 / 360) × 180,000
= (25 / 100 × 104 / 360) × 180,000
= 13,000
Requires difference percentage

YesMagazine
= (20,800 - 13,000) / 13000 × 100

= 7800 / 13000 × 100
= 60 %
Q3. The average expenses of T is approximately what percent of the average expenses of R?
a) 80%
b) 76%
c) 84%
d) 72%
e) 68%
CORRECT OPTION: a
SOLUTION:
average expenses of T
= (10% of 104 / 360 + 20% of 54/ 360 + 15% of 74 / 360 + 15% of 56 / 360 + 15% of 72 / 360) ×
180,000 / 5
= (10/ 100 × 104 / 360 + 20 / 100 × 54/ 360 + 15 / 100 × 74 / 360 + 15 / 100 × 56 / 360 + 15 / 100 × 72
/ 360) × 180,000 / 5
= (104 / 3600 + 108 / 3600 + 111 / 3600 + 84 / 3600 + 108 / 3600) × 180,000 / 5
= 515 / 3600 × 180,000 / 5

= 5150
average expenses of R
= (25% of 104 / 360 + 25% of 54/ 360 + 10% of 74 / 360 + 15% of 56 / 360 + 10% of 72 / 360) ×
180,000 / 5
= (25 / 100 × 104 / 360 + 25 / 100 × 54/ 360 + 10 / 100 × 74 / 360 + 15 / 100 × 56 / 360 + 10 / 100 × 72
/ 360) × 180,000 / 5
= (260 / 3600 + 155 / 3600 + 74 / 3600 + 84 / 3600 + 72 / 3600) × 180,000 / 5

= 645 / 3600 × 180,000 / 5
= 6450
Required percentage = 5150 / 6450 × 100

= 10,300 / 129
= 79.8 %
= 80% (approx)
Q4. The total amount spent by S in education and donation is approximately what percent of the total
amount spent by R in food and others?

YesMagazine
a) 300 %
b) 313.5 %
c) 319 %
d) 337%
e) 290%
CORRECT OPTION: b
SOLUTION:
Spent by R in food and others =
= (15 % of 56 / 360 + 10 % of 72 / 360) × 180,000

= (15 / 100 × 56 / 360 + 10 / 100 × 72 / 360) × 180,000
= (84 / 3600 + 72 / 3600) × 180,000
= 156 / 3600 × 180,000
= 7800
Spent by S in education and donation =
= (15 % of 104 / 360 + 45 % of 74 / 360) × 180,000

= (15 / 100 × 104 / 360 + 45 / 100 × 74 / 360) × 180,000
= (156 / 3600 + 333 / 3600) × 180,000
= 489 / 3600 × 180,000
= 24,450
Required percentage = 24,450 / 7800 × 100

= 24,450 / 78
= 313.46 %
= 313.5 % (approx)
Q5. Find the percentage difference of the whole budget between the average expenses of Entertainment
and the average expenses of donation of the couple P and Q ?
a) 0.57%
b) 0.63%
c) 0.87%
d) 0.47%
e) 0.97%
CORRECT OPTION: d
SOLUTION:
Required difference
= [ (30 + 20) / 100 × 54 / 100 ~ (15 + 10 =) / 100 × 74 / 360] × 180,000 / 5

YesMagazine
= (270 / 3600 ~ 185 / 3600) × 180,000 / 5

= 850
Required percentage = 850 / 180,000 × 100

= 0.47 %
Q6. A fruit seller sold 2/5 of his fruits in the morning and 1/2 of the remaining fruits in the afternoon. If
he had 600 fruits at the beginning of the day, how many fruits did he have left at the end of the day?
a. 30
b. 40
c. 45
d. 55
e. 60
CORRECT OPTION: e
SOLUTION:
Fruits sold in the morning = 600×2/5 = 240
Fruits remaining after morning sales = 600-240 = 360
Fruits sold in the afternoon (1/2 of the remaining) = 360×1/2 = 180
Fruits remaining at the end of the day = 600-360-180 = 60
Q7. P alone can do a piece of work in 12 days, while Q alone can do the same work in 18 days. If they work
together for 6 days, then what fraction of the work remaining will be?
a. 1/3
b. ½
c. ¼
d. 2/3
e. 1/6
CORRECT OPTION: e
SOLUTION:
Let the total work has to be done by them (LCM of 12 and 18) = 36 unit
One day work of P = 36/12 = 3 unit
One day work of Q = 36/18 = 2 unit
Work done by them in 6 days = 6× (3+2) = 30

YesMagazine
fraction of the remaining work = (36-30)/36

= 1/6
Q8. The average weight of a group of six people is 75 kg. If a new person joined the group and the average
weight decreased by 3 kg, then what will be weight of the new person.
a. 54 kg
b. 58 kg
c. 64 kg
d. 68 kg
e. 70 kg
CORRECT OPTION: a
SOLUTION:
Total weight of six people = 75×6 = 450 kg
After joining new member total weight = 7× (75-3)
= 504
Weight of new member = 504-450
= 54 kg
Q9. A boy travels the first part of his journey at a speed of 40 km/h and the second part at a speed of 60
km/h. What is the average speed of the boy?
a. 44 km/h.
b. 52 km/h.
c. 50 km/h.
d. 48 km/h.
e. 52 km/h.
CORRECT OPTION: d
SOLUTION:
When journey distances are same for two different speeds then
Average speed = 2ab / (a+b)
= 2×40×60 / (40+60)
= 48 km/h.

YesMagazine
Q10. Rohit buys a mobile worth ₹ 12000. He pays ₹ 4500 as advance and the rest after 24 months, on
which he has to pay simple interest at the rate of 10% per annum. Find the total amount paid by him for
the mobile phone.
a. 13000
b. 13500
c. 13800
d. 12800
e. 14000
CORRECT OPTION: b
SOLUTION:
Total amount paid by him = 4500+7500(rest amount) +interest on rest amount
7500×10×2
Interest on rest amount =
100
= 1500
Total amount paid by him = 4500+7500+1500
= 13500
Q11. In a birthday party, sweets were to be distributed equally among 50 children on Child's birthday.
Actually 10 children were absent on that Day and so each child got 3 extra sweets. How many sweets
were available for distribution?
a. 200
b. 300
c. 400
d. 500
e. 600
CORRECT OPTION: e
SOLUTION:
Let total sweets be x and each child got y sweets.
Then according to question x/50 = y
again according to condition x/ (50-10) = y+3
x/40 = y+3, putting value of y from above equation
x/40-x/50 = 3
x = 600

YesMagazine
Q12. A bike dealership sold 480 bikes last month. The ratio of the number of bikes sold by Salesperson A,
Salesperson B and Salesman C was 2:3:1. How many more bikes did Salesperson B sell than Salesperson
A?
a. 40
b. 65
c. 55
d. 70
e. none
CORRECT OPTION: a
SOLUTION:
Total number of cars sold = 240
Ratio of cars sold by Salesperson A, B and C = 2:3:1
Let the number of cars sold by Salesperson A be 2x. Let the number of cars sold by Salesperson B be 3x
and the number of cars sold by salesperson C = x
Now 2x+3x+x=240
6x = 240
x=40
Difference of bikes sold between Salesperson B and Salesperson A = 3x-2x = x = 40
Q13. The mean marks of 14 students in an examination were 57.5. Later, on checking, the marks of two
students were changed from 55 and 37 to 35 and 50 respectively. Find the corrected mean marks of the
students.
a. 59
b. 57
c. 56
d. 53
e. 56.5
CORRECT OPTION: b
SOLUTION:
Total correct marks of the students = (14×57.5) -55+35-37+50
= 805-20+13
= 798
corrected mean marks of the students = 798/14 = 57

YesMagazine
Q14. A shopkeeper marks an item at 4/5th of its purchase price. If he sells the item at rupees 676 with a
profit of 30% on the marked price, what will be his purchased price?
a. 690
b. 720
c. 630
d. 650
e. 580
CORRECT OPTION: d
SOLUTION:
Let the marked and purchased price be 4x and 5x respectively.
130% of marked price = 676
Marked price = 676/130 ×100
= 520
4x = 520
Then 5x = 520/4 × 5
= 650
Purchased price = 650 rupees
Q15. If Karan spends 25% of his salary on food, 20% of remaining amount on travel and 30% of
remaining amount on entertainment and finally saves Rs 3360, then find the amount he spends on
entertainment
a. 1580
b. 1440
c. 1260
d. 1620
e. 1390
CORRECT OPTION: b
SOLUTION:
Let his salary be P.
If he spends 25% then there will be 75% remaining amount.
75 80 70
p× × × = 3360
100 100 100
P = 8000
His total salary = 8000 rupees
After spending on food and travel remaining amount = 8000×75/100 ×80/100
= 4800
Amount spend on entertainment = 30% of 4800
= 4800×30/100
= 1440 rupees

YesMagazine
Q16. In a given set of four numbers, the first number is twice the third number and the third number is
thrice the second and the ratio of the first and fourth numbers is 3:2. If the average of these four
numbers is 17.5, then find the difference between the third and second numbers.
a. 10
b. 15
c. 20
d. 25
e. 30
CORRECT OPTION: a
SOLUTION:
Let second number = x
Then third number = 3x
And first number = 6x
Mean of all four numbers = 17.5
Sum of all four numbers = 17.5×4
= 70
Fourth number = 70-(x+3x+6x) = 70-10x
According to question-
6x/(70-10x) = 3/2
4x = 70-10x
14x = 70
X=5
difference between the third and second numbers = 3x-x = 2x
= 2×5 = 10
Q17. A bottle contains 80 liters of pure alcohol, from which 20% is taken out and then replaced with the
same amount of water. This process is repeated once again. what percentage of alcohol is present in the
final mixture?
a. 68%
b. 64%
c. 58%
d. 52%
e. 72%
CORRECT OPTION: b
SOLUTION:
X = 80 liters
20
Y = 80× = 16 liters, n=2
100
Quantity of remaining alcohol = 80× (1-16/80) (1-16/80)
4 4
= 80× ×
5 5
= 51.2 liters

YesMagazine
Alcohol % = 51.2/80 ×100

= 64%
Q18. Even after giving two successive discounts of 20% and 25% on an item, the shopkeeper still gets a
profit of 50% on it. If he had given only a single discount of 45% on that item, what would have been his
profit percentage?
a. 50%
b. 47.5%
c. 42.5%
d. 37.5%
e. 32.5%
CORRECT OPTION: d
SOLUTION:
Let cost price of item be 100p
80 75
Selling price after two successive discounts = 100x× ×
100 100
= 60x
150% of cost price = 60x
Cost price = 60x/150×100
= 40x
When single discount of 45% was given then selling price = 55% of 100x = 55x
Profit% = (55x-40x)/40x × 100
= 75/2
= 37.5%
Q19. After y years the ratio of age of A and B will be 5:3. ‘y+4’ years hence the ratio of age of A and B will
be 3:2. If present age of A is 17 years, then find the present age of B.
a. 7 years
b. 9 years
c. 11 years
d. 13 years
e. None of the above
CORRECT OPTION: b
SOLUTION:
Let the present age of B = M years
According to question-
(17+y)/ (M+y) = 5/3
2y = 51-5M …….... (1)
Again after y+4 years
(17+y+4)/ (M+y+4) = 3/2
Y = 30-3M, putting this value in equation …. (1)
60-6M = 51-5M

YesMagazine
M = 9 years
Q20. Certain amount of money is to be divided amoung Three friends A, B and C in such a way that A and
B together get twice as much as C, and the amount received by B is one third of the amount received by A
and C together. If all of them divide ₹ 6372 among themselves, then the amount received by B will be how
much less than A.
a. 678
b. 768
c. 878
d. 944
e. 1062
CORRECT OPTION: e
SOLUTION:
A+B = 2C …………... (1)
A+C = 3B ……..… (2)
Adding both the above equations
2A+B+C = 3B+2C
2A = 2B+C ………. (3)
Adding equation (2) and (3)
3A = 5B
A:B = 5:3
From equation (1)
3A+3B = 6C
5B+3B = 6C
8B = 6C
B:C = 3:4
A:B:C = 5:3:4
5x+3X+4x = 6372
12x = 6372
X = 531
the amount received by B, less than A = 5x-3x = 2x = 1062 rupees

YesMagazine
English Language Practise

Questions
Directions (1-5): In the following questions, a sentence is divided into four parts. Choose the part
of the sentence which may contain a grammatical error in it. If all the parts of the sentence are
grammatically correct and contextually meaningful, choose option (e) i.e. “no error” as your
answer choice.
1. She had finished her homework before she had gone to the party.
A. She had finished

B. her homework before
C. she had gone
D. to the party.
E. No error
2. The cat was hiding in the box, but when I opened it, it quickly leaped in the room.
A. The cat was hiding in

B. the box, but when
C. I opened it, it quickly
D. leaped in the room.
E. No error
3. Despite searching high and low, neither of the four candidates met the qualifications for
the job.
A. Despite searching high and

B. low, neither of the four
C. candidates met the
D. qualifications for the job.
E. No error
4. Economics play a vital role in analysing the factors that influence market trends and
economic growth.

YesMagazine
A. Economics play a vital

B. role in analysing the
C. factors that influence market
D. trends and economic growth.
E. No error
5. I was angry at my friend for cancelling our plans without giving any explanation.
A. I was angry at my
B. friend for cancelling
C. our plans without
D. giving any explanation.
E. No error
Directions (6-10): In the following passage some words have been deleted. Fill in the
blanks with the help of the alternatives given. Select the most appropriate option for each
blank.
The U.S. government last week settled with an app that lets women track their periods
_____1_______claims that it shared its users’ health information with Google and Facebook. A
photo-storage app also settled claims that it used people’s images to build a facial recognition
system.
These app makers got in trouble not because what they did seemed creepy — but because they
weren’t _____2_______about it. In the United States, as long as companies don’t _____3_______their
customers, there aren’t many legal____4______on what they can do with our private information.
That’s not great, is it? But California has a relatively new data privacy law that — while awkward
and flawed — is starting to show______5______ways to empower Americans to limit how our data
can be used.
Last week, the Federal Trade Commission said that the women’s app, Flo Health, broke its
promise to its users to keep their information private when it shared sensitive data including
women’s pregnancy status with other companies.
The U.S. government last week settled with an app that lets women track their periods
_____1________claims that it shared its users’ health information with Google and Facebook.
Question 6: blank 1
A. Under

YesMagazine
B. With
C. Over
D. Besides
E. Despite
These app makers got in trouble not because what they did seemed creepy — but because they
weren’t_____2_______about it.
Question 7: blank 2
A. Lenient
B. Upfront
C. Passionate
D. Doomed
E. Secretive
In the United States, as long as companies don’t________3________their customers, there aren’t many
legal_______4______on what they can do with our private information.
Question 8: blank 3
A. Relegate
B. Conclude
C. Mislead
D. Confuse
E. Restrict
In the United States, as long as companies don’t_____3______their customers, there aren’t many
legal_____4______on what they can do with our private information.
Question 9: blank 4
A. Frames
B. Limits
C. Information
D. Procedures
E. Regulations
But California has a relatively new data privacy law that — while awkward and flawed is starting
to show_____5_______ways to empower Americans to limit how our data can be used.
Question 10: blank 5

YesMagazine
A. Intriguing
B. Ineffective
C. Problematic
D. Concerning
E. Restrictive
Directions (11-14): In the question given below, some sentences/phrases are given which
have to be arranged in a proper sequence. Select the option which best defines the proper
sequence and arranges the sentence in an appropriate way.
11. the underlying (A) / rumination as they are (B) / political dialogue and (C) / differences
between (D) / the groups require a longer (E) / not easy to solve (F)
A. ACDEBF
B. ADECBF
C. EBFACD
D. CADBEF
E. None of these
12. land ownership and dwelling by (A) / historical patterns of (B) / them susceptible to (C) /
the group have also made (D) / encroached on reserved forests (E) / claims that they have (F)
A. ADFEBC
B. BADFCA
C. DFEABC
D. BADCFE
E. None of these
13. Asians, Africans and (A) / be short of support (B) / where a large number of (C) / the
West Indians (D) / in a part of London (E) / reside, India will not (F)
A. ADCFCE
B. DECAFB
C. EADBCF
D. ECADFB
E. None of these
14. it has to limit itself to (A) / the court is right in (B) / deciding a
motion to reject (C) / the assertions made in the plaint (D) / a civil suit at the
threshold, (E) /noting that while (F)
A. BCDFAE

YesMagazine
B. CDFAEB
C. BFCEAD
D. BFECAD
E. None of these
Directions (Q-15-20) : Read the passage carefully and answer the question given below.
One of the ultimate goals of artificial intelligence is the ability for machines to operate on their
own, with little or any human interaction. This idea of autonomous systems makes up one of the
seven patterns of AI that represents the common ways that organizations are applying AI. While
some of the patterns are focused on predictive analytics or conversational patterns, or systems
that can recognize things in the world around us, those patterns still involve human interaction.
However, the autonomous pattern is much more complicated as we’re asking a machine to do
something in the real world without a human in the loop. These sorts of systems are harder to
implement and generally take longer to show ROI.
Autonomous systems are defined as systems that are able to accomplish a task, achieve a goal, or
interact with its surroundings with minimal to no human involvement. It is also essential that
these systems be able to predict, plan, and be aware of the world around them. This is applied
both to physical hardware autonomous systems as well as software autonomous systems
(software “bots”).
Examples of this pattern include autonomous vehicles and machines, and autonomous bots of all
sorts. We also see autonomous systems in the form of autonomous documentation and
autonomous knowledge generation as well as autonomous processes and cognitive automation.
Autonomous systems have the ability to create legal and medical documentation, invoices, and
automatically log data. It can also help businesses automatically route tickets or workflows. With
its ability to help with inventory forecasting, improve shipping times, and tracking, it’s easy to see
why it’s talked about in a positive light around the area of logistics. Collaborative bots, or cobots,
are also a form of an autonomous system. In case you’re unfamiliar with this concept, cobots are
meant to operate in conjunction with, and in close proximity to humans to perform their tasks.
This is in contrast to industrial robots that are caged off and physically separated from humans.
Even though cobots can operate in an augmented intelligence role, they’re meant to operate
independently of humans even though they’re in close proximity.
The primary objective of the autonomous systems pattern is to minimize or eliminate human
labor. When removing a human from the equation, you need to make sure that the autonomous
system is as close to human level performance as possible. As such, you can see that’s why this is
one of the harder patterns to implement. Naturally, as autonomous systems aim to minimize
human labor, they need to be reliable, consistent, and of a very high standard.
Just because a system can repeat something that a human instructed it to do does not mean it has
the capacity to learn anything. These machines are simply programmed to perform the same task
over and over again. The misunderstanding of automation
as being something more than just human instructions and programming could be due to the

YesMagazine
general public’s tendency to_______________ the version of robots that the media portrays upon the
mention of robotics.
This leads to the discussion of software automation as well as hardware. The popularity of
Robotic Process Automation (RPA) is real. People want to be able to automate software-based
processes that ordinarily requires a lot of human activity. Despite of RPA’s lack of intelligent
processes, the tasks they perform are vital in helping companies to ameliorate their cognitive
intelligence systems. Moreover, these machine processes significantly lower labor costs and can
show immediate ROI despite their lack of AI. Indeed, many consider RPA a gateway to AI.
Q15. “Just because a system can repeat something that a human instructed it to do does not mean
it has the capacity to learn anything”. What does the author want to imply from this?
(a) Incorporating autonomous systems into a project or real-life situation is a complex and
difficult task and autonomous applications need to be as close to perfect as possible.
(b) Automation does not correlate to intelligence.
(c) Automation, allows for a process or procedure to be performed with minimal human
assistance
(d) Many systems have varying level of intelligence.
(e) None of these
Q16. Which of the following statement(s) is/are false regarding RPA?

(i) The RPA has the capability to learn from experience
(ii) RPA can help in minimizing human labor.
(iii) RPA allows for a process or procedure to be performed with minimal human assistance,
but lacks intelligent features.
(a) Only (i)

(b) Only (iii)
(c) Both (i) and (iii)
(d) Only (ii)
(e) None of these
Q17. Which of the following statement(s) is/are true about Autonomous systems?
(i) They are simply machines that are programmed to perform a repetitive task.
(ii) It is a conceptualization of artificial intelligence that focuses on replace human
intelligence
(iii) These robots are programmed to complete repetitive and laborious tasks with the aim of
decreasing human labor while performing various tasks more efficiently.
(a) Only (i)

(b) Only (iii)

YesMagazine
(c) Both (i) and (iii)

(d) Only (ii)
(e) None of these
Q18. How Cobot applications contrast with traditional robot applications?

(a) Cobot works in a more reliable way without causing physical harm to humans
(b) Companies see much greater adoption with cobots working alongside humans than they
do with robots that are meant to replace their activities
(c) In its ability of replacing humans with autonomous counterparts, cobots augment and
enhance human capabilities with super strength, precision, and data capabilities
(d) Its cooperation and ability to work with humans in a shared workspace
(e) None of these
Even though cobots can operate in an augmented intelligence role,

they’re meant to operate independently of humans even though they’re in close proximity.
Q19. Which of the following words is most SIMILAR to the word “augmented” as given in the
passage?
(a) Alienate
(b) Subside
(c) Plunge
(d) Synchrony
(e) Inflate
Q20. Which of the following words can fill the blank given in the passage?
(a) Substantiate
(b) Suspect
(c) Envision
(d) Replicating
(e) Surmise
Answer key- 1.C, 2.D,3.B,4.A,5.A, 6-C, 7-B, 8-C, 9-B, 10-A, 11- B, 12- D, 13-D, 14-C, 15-
B, 16-A,17-C,18-D,19-E,20-C

YesMagazine
Boost your vocab

● viral: relating to the rapid spread of information, typically online or through socialmedia.
● premature: occurring or done before the usual or proper time; too early.
● maternity: relating to motherhood or pregnancy.
● stilted: stiff and self-conscious or unnatural.
● scripted: planned or rehearsed in advance, as in a conversation or performance.
● markedly: significantly; noticeably.
● panicky: feeling or showing sudden, uncontrollable fear or anxiety.
● reveals: makes known or shows something that was previously hidden or secret.
● sleep sack: a type of wearable blanket for infants to sleep in safely.
● romper: a one-piece garment combining shorts and a shirt, typically worn by infantsor young
children.
● sippy cup: a training cup with a spout or straw designed for toddlers learning to drinkindependently.
● albeit: although; even though.
● outrage: an extremely strong reaction of anger, shock, or indignation.
● rage: violent, uncontrollable anger.
● tandem: alongside each other; in cooperation.
● scramble: to move hurriedly or with difficulty.
● diapering accoutrement: items or accessories related to diaper changing.
● crib: a bed with high sides for a baby or young child.
● stroller: a chair on wheels in which a baby or young child can be pushed along.
● assumption: a thing that is accepted as true without proof.
● pro-parent: supportive or favorable towards parents or parenting.
● perilous: full of danger or risk.
● comprised: made up of; composed of.
● exposes: makes something visible or known.
● backlash: a strong negative reaction to something, often against a recent trend ordevelopment.
● infancy: the early stage of development of a person or thing.
● sage: wise, especially as a result of great experience.
● ubiquitous: present, appearing, or found everywhere.
● attainable: able to be achieved or obtained.
● pristine: in its original condition; unspoiled.
● purported: claimed or reputed to be the case, though not necessarily so.
● cohesive décor: a unified and harmonious arrangement of decorations.

YesMagazine
● stumbled: tripped or lost balance.

● aforementioned: mentioned earlier.
● aesthetic: concerned with beauty or the appreciation of beauty.
● beige: a pale sandy yellowish-brown color.
● jewel tones: rich, deep colors reminiscent of gemstones.
● homesteader: a person who settles on and develops land as a permanent residence.
● chaos: complete disorder and confusion.
● façade: the front of a building; a deceptive outward appearance.
● enviable: arousing or likely to arouse envy.
● ecru bloomers: light beige or off-white loose-fitting trousers.
● onesie: a one-piece baby garment that covers the torso and sometimes legs.
● Formal:(adjective) done in accordance with convention or etiquette; suitable forofficial or
serious occasions.
● Turmoil: (noun) a state of great disturbance, confusion, or uncertainty.
● Unrestrained: (adjective) not restrained or controlled; uninhibited.
● Upheaval: (noun) a violent or sudden change or disruption to something.
● Contrived:(adjective) deliberately created rather than arising naturally or
spontaneously.
● Tumult: (noun) a loud, confused noise, especially one caused by a large mass ofpeople.
Reasoning Ability Practice

Questions
Direction Q 1 to 4: Study the following information carefully and answer the questions given below:
Twelve people are sitting in two parallel rows containing six people in each row in such a way that there is an
equal distancebetween adjacent persons. In the 1st row - J, K, L, M, N and O are seated and all of them are
facing south. In the 2nd row – A,B, C, D, E and F are seated and all of them are facing north.
F does not sit at the extreme end of the row and does not face J. K sits adjacent to L. At least three persons
sit between C and E. N is sitting at one of the extreme ends of the row. K sits 4th to the right of O, who is
adjacent to M. C sits opposite to
M. B sits 2nd to the right of the person who faces N. A sits to the right of D.
1. How many persons sit between E and C?

YesMagazine
A.None
B.One
C.Two
D.Three
E.Four
3. Who sits 5th to the left of A?

A.F
B.E
C.B
D.D
E.C
2. Four of the five are alike in a certain way and hence form a group. Which of the following does not
belong to the group?
A.N
B.O
C.D
D.E
E.A
4. Who sits opposite to O?

I. A
II. D
III. The person who sits 3rd to the right of B
A. Only I
B. Only II
C. Both I and III
D. Both I and II
E. Only III

YesMagazine
Answer key- 1.D, 2.C, 3.B, 4.C.
Solution :
In the question below, a statement is followed by two conclusions based on the statement. Study the
statement and determine which conclusion is/are definitely true?
5. Statements:
L<S≥G<X
N ≥ G < U ≤ T<P
A=O<R<X
Conclusions:
I. L<P
II. S>R
A. Only conclusion I follows

B. Only conclusion II follows
C. Either I or II follows
D. Both I and II follow
E. Neither I nor II follows
6. Statements:
E>G<P
R≤K<J=Y
C=R≥P
Conclusions:
I. G<C
II. Y>P

YesMagazine

D. Both I and III follow
7. Statements:
B<E≤C>H
W<N<R≤H
T<L≤J>N
Conclusions:
I. C>W
II. W>L

D. Both I and II follow
Answer key-5.E, 6.D,7.A
Solution:
5. E. (Neither I nor II follows)
6. D. (Both I and II follows)
7. A (Only conclusion I follows)
Direction Q8 to 10: Study the following information carefully and answer the questions given below:
There are nine members in a family consisting of three generations and three married couples. F is the
husband of E. J is the only brother of K and L. G is the daughter-in-law of E. G is the spouse of J. K is
unmarried. B is the nephew of J. C is the daughter of L. K is the sister-in-law of A who is the male.
8. Who is the mother of B?

A. A

YesMagazine
B. L
C. K
D. E
E. F
9. Which among the following statement is true?
A. F is the grandmother of B
B. A is the brother-in-law of F
C. E is the mother-in-law of A
D. L is the father of C
E. None of these
Study the following information carefully and answer the questions given below:
There are nine members in a family consisting of three generations and three married couples. F is the
husband of E. J is the only brother of K and L. G is the daughter-in-law of E. G is the spouse of J. K is
unmarried. B is the nephew of J. C is the daughter of L. K is the sister-in-law of A who is the male.
10. Which one of the following is odd from the rest?

A. E
B. G
C. K
D. A
E. C

YesMagazine
Answer key- 8.B,9.C,10.D
Solution:
8. B. (L)
9. C. (E is the mother-in-law of A)
10. D. (A)
Direction Q-11 to 14: Study the following information carefully and answer the questions given below:
M, N, O, P, Q, R and S have a birthday in the same month but in a sequence, one after the other, but not
necessarily in the same order.
Note:
1) No person has a birthday in the alphabetical order (E.g. B does not have the birthday before or
after A and C and So on)
2) Only one person has a birthday at a particular time.
Two people have their birthday between M and Q. M has the birthday before Q .Q and M have their
birthday before S. N has the birthday before P. R has the birthday immediately before O. Only one person
has a birthday between O and S. At least four people have their birthday between S and P.
11. As N is related to M in the same way Q is related to ?

YesMagazine
A.M
B.R
C.O
D.S
E.P
12. How many people has/have their birthday between M and S?

A.Two
B.Five
C.Three
D.Four
E.One
13. Who among the following has the birthday immediately after O?
A.M
B.P
C.R
D.S
E.Q
14. Who among the following has the birthday at the last of the sequence?
A.S
B.M
C.P
D.R
E.N

YesMagazine
Answer key- 11.B,12.C,13.E,14.A
Solution:
11. B. (B)
12. E. (Q)
13. C. (Three)
14. A. (S)
Direction Q-15 to 19: Study the following information carefully and answer the questions given below:
Ten students C, D, F, H, G, K, M, T, W and X are sitting around a circular table but not necessary in the
same order. All are facing centre of the table and they are sitting equal distance from each other. The
circumference of the table is 50m.
M sits third to the left of H, who is not a neighbour of T. The number of students between T and W is same
as the number of students between G and T. T sits 5m to the left of X. C is sitting second to the right of F. H
is sitting 20m to the right of X, who is sitting fifth to the right of F. D sits 30m to the right of C.
15. Who sits 4th to the right of K?

A.M
B.G
C.D
D.W
E.Either (b) or (d)

YesMagazine
16. Who sits 3rd to the right of G??

A.D
B.M
C.X
D.T
E.C
17. If X and H interchange their positions then, who sits second to the right of X?
A.D
B.G
C.F
D.K
E.Cannot be determined
18. Find the odd one from the given alternatives.

A.F-K
B.H-C
C.M-K
D.T-F
E.D-X
19. What is the distance between H and X from the right side of H?
A.15m
B.30m
C.25m
D.35m
E.40m
Answer key- 15.D,16.B,17.D,18.D,19.B.
Solution:
15. D. (W)
16. B. (G)
17. D. (T)

YesMagazine
18. D. T-F
19. B. 30m
20. How many such pairs of letters are there in the word "DEMOCRATIC" which have the same number of
words between them as in English alphabet(both forward and backward direction)?
A.1
B.2
C.3
D.4
E.None of these
Answer key- C
Solution:
20. C. (Three)

YesMagazine


Document Title

Uploaded by

Copyright:

Available Formats

Document Title

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Document Title

Uploaded by

Copyright:

Available Formats

[Date] [Document title]

@yesofficer.official Subscribe Now Telegram Channel

@yesofficer.official Subscribe Now Telegram Channel

@yesofficer.official Subscribe Now Telegram Channel

@yesofficer.official Subscribe Now Telegram Channel

@yesofficer.official Subscribe Now Telegram Channel

Banking & Finance

3. SEBI Can Now Impose Fine on MIIs For Surveillance-Related Lapses

@yesofficer.official Subscribe Now Telegram Channel

5. RBI Launches Global Hackathon HARBInger 2024

6. RBI opens gates for investors, companies to invest in overseas funds

@yesofficer.official Subscribe Now Telegram Channel

11. ATM operators seek Rs 2 hike in interchange fee for viability

@yesofficer.official Subscribe Now Telegram Channel

13. Karnataka Bank launches WISE Senior Citizen SB account

@yesofficer.official Subscribe Now Telegram Channel

• WISE refer to Wellness, Investments, and Savings for Elderly

15. RBI penalises three cooperative banks for rule violations

@yesofficer.official Subscribe Now Telegram Channel

@yesofficer.official Subscribe Now Telegram Channel

22. RBI cancels license of Mumbai-based The City Co-operative Bank

24. RBI cancels license of Purvanchal Co-op Bank, Ghazipur

@yesofficer.official Subscribe Now Telegram Channel

25. PFRDA selects NEC Corp India as system integrator

• Context: PFRDA (Pension regulator) has selected NEC

@yesofficer.official Subscribe Now Telegram Channel

31. RBI Penalizes Sonali Bank PLC for Violations

31. HDFC Bank launches digital investment platform SmartWealth

@yesofficer.official Subscribe Now Telegram Channel

@yesofficer.official Subscribe Now Telegram Channel

@yesofficer.official Subscribe Now Telegram Channel

@yesofficer.official Subscribe Now Telegram Channel

@yesofficer.official Subscribe Now Telegram Channel

@yesofficer.official Subscribe Now Telegram Channel

@yesofficer.official Subscribe Now Telegram Channel

• Partnership between: PayU's LazyPay and Blinkit

53. RBI Absorbs ₹44,430 Crore Through VRRR Auctions

54. RBI plans to raise bulk deposit limit to ₹3 crorefrom ₹2 crore

@yesofficer.official Subscribe Now Telegram Channel

57. Retail inflation for industrial workers declines to 3.87% in April

@yesofficer.official Subscribe Now Telegram Channel

58. RBI permits automatic replenishment of UPI Lite wallet

60. Reserve Bank of India to set up platform to curtail payment frauds

@yesofficer.official Subscribe Now Telegram Channel

• Headed by: AP Hota

61. Arka Fincap Expands Financial Solutions with IRDAI License

63. RBI sets up panel to track online payment frauds

@yesofficer.official Subscribe Now Telegram Channel

• The panel will be chaired by Abhaya Hota.

64. RBI penalties surge 88% in last 3 years

@yesofficer.official Subscribe Now Telegram Channel

67. SEBI plans to raise basic service demat limit five-fold

@yesofficer.official Subscribe Now Telegram Channel

70. SBI MF becomes first fund house to achieve Rs 10 trillion in AUM

71. Peru Adopts India's UPI-Inspired Instant Payment System

@yesofficer.official Subscribe Now Telegram Channel

• Launch of: ‘Sarathi Suraksha’ policy

75. RBI imposes monetary penalty on two cooperative banks

@yesofficer.official Subscribe Now Telegram Channel