5 June 2024 current affairs

5 June 2024 current affairs

DAILY-CURRENT-AFFAIRS-BY-EDUSPRINT

National news

BJP and SKM Triumph in Arunachal Pradesh and Sikkim Assembly Elections

Arunachal Pradesh:

  • Winning Party: Bharatiya Janata Party (BJP)
  • Seats Won: 46 out of 60
  • Chief Minister: Pema Khandu
  • Significance: The victory signifies strong support for Prime Minister Narendra Modi in the border state.

Sikkim:

  • Winning Party: Sikkim Krantikari Morcha (SKM)
  • Seats Won: 31 out of 32
  • Chief Minister: Prem Singh Tamang
  • Significance: SKM’s landslide victory marks a significant increase from the 17 seats held in the previous assembly, indicating a robust comeback.

Arunchal Pradesh:

  • Capital: Itanagar
  • Governor: Kaiwalya Trivikram Parnaik

Sikkim:

  • Capital: Gangtok
  • Governor: Lakshman Prasad Acharya

Lok Sabha Election Results 2024: Key Highlights

Overview

  • Election Conducted: In seven phases for 543 seats across India.
  • Conducting Authority: Election Commission of India.
  • Main Alliances: National Democratic Alliance (NDA) and Indian National Developmental Inclusive Alliance (INDI Alliance).

National Democratic Alliance (NDA) Results

  • Total Seats Won: 292
  • Major Parties and Seats:
    • BJP: 241
    • Telugu Desham: 16
    • JDU: 12
    • Shivsena (Shinde): 07
    • LOJPA: 05
    • JDS: 02
    • RLD: 02
    • Jansena: 02
    • Others: 05

INDI Alliance Results

  • Total Seats Won: 232
  • Major Parties and Seats:
    • Congress: 99
    • Samajwadi Party: 37
    • TMC 29
    • DMK: 22
    • Shivsena (UBT): 09
    • NCP (Sharad Pawar): 07
    • Others: 31

Over one lakh farmers voluntarily surrenders PM-Kisan benefits

  • According to the Union Ministry of Agriculture and Family Welfare116,000 farmers have voluntarily surrendered their benefits under the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme during June 2023 to May 2024 period across the country.
  • The PM-KISAN scheme was launched by Prime Minister Narendra Modi on  24th February 2019 at Gorakhpur, Uttar Pradesh. It is a 100% centrally sponsored scheme under which farmers get Rs 6000 per year.

Bihar leads the state in surrendering PM -Kisan scheme

Of the 116.000 farmers who have voluntarily given up the scheme maximum are from Bihar followed by Uttar Pradesh and Rajasthan.

Following are the top states where farmers have surrendered their PM-Kisan benefit 

  • Bihar -29176 farmer’s families,
  • Uttar Pradesh -26,593 farmer’s families,
  • Rajasthan -10,343 farmer’s families,
  • Maharashtra-7,825 farmer’s families,
  • Jharkhand- 6,215 farmer’s families.

Reason for surrendering of the PM Kisan

  • Last year, the government enabled an option in the PM-Kisan app and the website to allow registered farmers to voluntarily deregister from the scheme. 
  • According to the ministry, the possible reason for the farmers giving up the PM-Kisan benefits could be,
  • absentee landlords; 
  • land being transferred to tax-paying descendants through succession and 
  • change in the status of landowners.

Pradhan Mantri Kisan Samman Yojana (PM-KISAN): To provide income support to the farmers of the country the government of India launched a 100 per cent centrally sponsored scheme Pradhan Mantri Kisan Samman Nidhi (PM-Kisan)  yojana. It was launched by the Prime Minister Narendra Modi at Gorakhpur, Uttar Pradesh on 24 February 2019.

What is the benefit of the scheme? 

  •  Under this scheme, eligible farmers receive Rs 6000 per year in their bank account from the Government of India in three installments, every 4th month of the year.
  • All installments falling due on or after 1st December 2019 are being paid only on the basis of the Aadhaar authenticated bank data of beneficiaries.

Who is eligible for this scheme? 

  • All farmer families in the country.
  • Here, family means husband, wife and their minor children.

Zupee Collaborates with Gurugram Cyber Police for Cyber Security Awareness

  • In a bid to bolster cyber security awareness, Zupee, India’s largest skill-based Ludo platform, has partnered with Gurugram Cyber Police for the 11th edition of the Cyber Security Summer Internship Program, titled ‘Cyber Warriors’. 
  • The month-long internship aims to train selected candidates in cyber security under the guidance of experts, fostering responsible digital citizenship and tackling real-world cyber threats.

Partnership Overview: Zupee joins forces with Gurugram Cyber Police to lead the Cyber Warriors Program, emphasizing the importance of cyber safety in an increasingly digital world.

Internship Details: 15,000 applications were received, with 1,100 interns selected, including working professionals and college students, to undergo immersive cyber security training.

Key Participants:  Commissioner of Police, Gurugram, Vikas Kumar Arora, alongside other dignitaries, inaugurated the event, underlining the commitment to enhancing cyber crime detection and prevention.

Banking news

SBI becomes 7th company to cross Rs 8 lakh crore market capitalisation

  • India’s largest commercial bank, State Bank of India (SBI), has become the seventh listed company in India to reach Rs eight lakh crore 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.
  • The government-owned SBI is India’s largest and most profitable bank. Among Indian banks, SBI has the largest number of branches and ATMs. It also has the highest number of foreign branches and offices amongst the Indian banks. 

Types of market capitalisations in India 

  • Companies which are listed on a recognised stock exchange are classified into Large Cap, Mid Cap and Small Cap on the basis of market capitalisation, companies are classified into Large Cap, Mid-Cap and Small Cap. 
  • Large Cap: Publicly listed companies with a market capitalisation of Rs 20,000 crore or more are called large-cap companies.
  • Mid-Cap: Publicly listed companies with a market capitalisation of less than Rs 20,000 crores and up to Rs 5000 crore.
  • Small Cap: Publicly listed companies with a market capitalisation of less than Rs 5,000 crores.

 

About State Bank of India 

  • The SBI Act 1955 also changed the bank’s name from Imperial Bank of India to State Bank of India.
  • The act also transferred the bank’s ownership from foreigners to the Reserve Bank of India (RBI). 
  • Currently, the government of India holds a 57.6% share of SBI.
  • Headquarters: Mumbai, Maharashtra 
  • Chairman: Dinesh Kumar Khara 
  • Tagline: Pure Banking Nothing Else

SEBI Launches “Saathi (SAARTHI) 2.0” Mobile App for Personal Finance

  • On June 2024, The Securities Exchange Board of India (SEBI) launched “Saathi” (SAARTHI) 2.0” mobile application on personal finance for investors. The app introduced a user-friendly interface with comprehensive tools which aims to simplify complex financial concepts.

About Saarthi 2.0:

  • The app includes financial calculators, and has modules that explain Know Your Customer (KYC) procedures, mutual funds, Exchange Traded Funds (ETFs).
  • By using this app, investors can buy and sell shares on stock exchanges.
  • It has investor grievances redressal mechanism and Online Dispute Resolution (ODR) platform.
  • It also features various videos which are designed specifically to help the investors in their personal financing.
  • Note: The “Saathi” (SAARTHI) app is available on both Google Play Store and the iOS App Store.

About Securities and Exchange Board of India (SEBI):

  • Chairman- Madhabi Puri Buch
  • Headquarter- Mumbai, Maharashtra
  • Established 1992

Adani One and ICICI Bank Launch India’s First Co-Branded Credit Cards with Airport-Linked Benefits

  • Adani One and ICICI Bank jointly launched India’s 1st co-branded credit cards with airport-linked benefits in collaboration with a card network Visa.
  •  The cards will be available in 2 variants, Adani One ICICI Bank Signature Credit Card and Adani One ICICI Bank Platinum Credit Card.
  • This collaboration aims to offer customers rewards and benefits across the consumer network of the Adani Group while strengthening ICIC Bank’s credit card portfolio.

About ICICI Bank Ltd.:

  • MD & CEO– Sandeep Bakhshi Headquarters- Mumbai, Maharashtra
  • Founded in 1994
  • Tagline– Hum Hai Na, Khayal Apka

Appointment news

PV Sindhu Invests in and Becomes Brand Ambassador for Greenday’s ‘Better Nutrition’

  • In a significant move, 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, further solidifying her commitment to the cause of tackling micronutrient deficiencies in India.

Collaboration for a Healthier India: This collaboration aims to address the pressing issue of micronutrient deficiencies in India through innovative biofortified foods. By promoting these nutrient-dense staples, the partnership seeks to improve consumer health while simultaneously enhancing the livelihoods of farmers involved in the supply chain.

Greenday: Pioneering Nutrient-Rich Crops: Greenday, founded by IIM Ahmedabad alumni Prateek Rastogi and Aishwarya Bhatnagar, is at the forefront of efforts to increase the nutritional value of staple crops. The company works closely with farmers, educating, empowering, and incentivizing them to grow crop varieties enriched with essential micronutrients like Iron, Zinc, Pro-Vitamin A, Calcium, and Protein.

Sports news

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. This staggering figure represents the highest prize money in the history of the tournament, making the coveted trophy even more prestigious.

Breakdown of Prize Money Distribution

  • 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

ICC:

  • Headquarters: Dubai, United Arab Emirates
  • Founded: 15 June 1909
  • CEO: Geoff Allardice
  • Chairman: Greg Barclay

Kedar Jadhav Announces Retirement From All Forms Of Cricket

  • On June  2024, Kedar Jadhav, Indian cricketer has announced his retirement from all forms of cricket at the age of 39.
  • He made his international debut for India in November 2014 during an One Day International (ODI) against Sri Lanka at Ranchi (Jharkhand).
  • Jadhav was part of the 2019 World Cup, lastly played an ODI for India against New Zealand in Auckland on February 8, 2020.

Dinesh Karthik officially announces retirement from all forms of cricket

  • Wicketkeeper-batter Dinesh Kartik confirmed that he was officially retiring from ‘representative cricket of all formats’.
  • Karthik played his last competitive game for RCB in the IPL 2024 Eliminator in May.
  • He made his debut for the Indian cricket team in 2004.
  • He was the 4th Indian batsman to play 300 T20 matches.
  • Karthik was a member of the team that won both the inaugural 2007 T20 World Cup and the 2013 ICC Champions Trophy.
  • He made his maiden Test century against Bangladesh and was India’s leading scorer in their Test tour of England helping India win their first series in England in 21 years.

Science and tech news

Gati Shakti Vishwavidyalaya (GSV) Signs MoUs with Nokia, Plasser India, and Jacobs Solutions

  • Gati Shakti Vishwavidyalaya (GSV) has signed three Memorandum of understandings (MoUs) with Nokia Corporation, Plasser (India) Private Limited and Jacobs Solutions Inc. to strengthen the partnership between industry and academia.

Note: GSV in Vadodara, Gujarat, is a Central University under Ministry of Railways. Key People: The MoU was signed in the presence of Ashwini Vaishnaw, Union Minister of Railways and the First Chancellor of GSV; Jaya Varma Sinha, the Chairperson and Chief Executive Officer (CEO) of the Railway Board at Rail Bhawan, New Delhi, Delhi. MoU with Nokia:

Signatories: Prof. Manoj Choudhary Vice-Chancellor (VC) of GSV and Raghav Sahgal, President of Cloud and Network Services of Nokia.

About the MoU: The MoU with Nokia will focus on collaboration with research in the domain of 5G/6G communications targeting air, land and sea transportation use cases including Standards development, Smart Factory/Automation, AI/ Generative Artificial Intelligence (GenAI) Labs.

About Gati Shakti Vishwavidyalaya (GSV)

  • GSV was established in 2022 by the Act of Parliament.
  • ChancellorAshwini Vaishnaw (Union Minister of Railways)
  • Headquarters – Vadodara, Gujarat

ISRO Develops PraVaHa CFD Software for Aerospace Vehicle Analysis

  • The Indian Space Research Organisation (ISRO) has developed the Computational Fluid Dynamics (CFD) software named Parallel RANS Solver for Aerospace Vehicle Aero- thermo-dynamic Analysis (PraVaHa).
  • This software was developed at ISRO’s Vikram Sarabhai Space Centre (VSSC), Trivandrum, Kerala.


About PraVaHa:

  • It can simulate external and internal flows on launch vehicles, winged and non-winged re- entry vehicles.
  • It facilitates initial aerodynamic design studies by evaluating numerous configurations, crucial for optimising vehicle performance and safety.
  • PraVaHa code is operational to simulate airflow for Perfect Gas & Real Gas conditions and the validations of the code are underway for simulating the effect of chemical reactions that occur during air dissociation upon ‘earth re-entry’ and ‘combustion’ as in scramjet vehicles.

About Indian Space Research Organisation (ISRO)

  • Chairman – Sreedhara Panicker Somanath
  • Headquarters – Bengaluru, Karnataka
  • Established in – 1969

Important days

International Day of Innocent Children Victims of Aggression 2024 is observed on June 4

  • International Day of Innocent Children Victims of Aggression is annually observed on June 4.
  • The Day was first observed in 1982.
  • On August 19, 1982, the UN General Assembly’s special session focused on the plight that Palestinian and Lebanese children faced due to Israeli aggression during the Lebanon war.
  • The assembly further pledged to protect the rights of the children in Lebanon.
  • The UN General Assembly announced that International Day of Innocent Children Victims of Aggression observed on June 4.

UN General assembly:

  • Founded: 1945
  • Headquarters: New York, New York, United States
  • Head: Mr. Dennis Francis

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