Dear Readers, Here we have given the list of Important Weekly Current Affairs of June 01st to 07th June 2024. Candidates those who are preparing for Upcoming SBIClerk 2024 and other competitive exams can make use of it.

Weekly Current Affairs June 01st to 07th PDF Download

CURRENT AFFAIRS: IMPORTANT DAYS

• Every year on June 1, World Milk Day is commemorated.
• On June 2^nd, Telangana Formation Day 2024 is observed by the Telangana people.
• World Bicycle Day is celebrated all over the globe every year on the 3rd of June to recognize the versatility and uniqueness of the bicycle, as well as its reliability and sustainability as a mode of transportation.
• Every year on June 4th, the International Day of Innocent Children Victims of Aggression acknowledges the pain that children around the world suffer
• Every year on June 5th, World Environment Day raises public awareness about various concerns such as increasing deforestation, which contributes to global warming.
• The UN Russian Language Day is celebrated on 6 June – the birthday of the great Russian poet Alexander Pushkin.
• Every year on June 7th, World Food Safety Day is commemorated.

CURRENT AFFAIRS: NATIONAL NEWS

• According to the International Labour Organization (ILO), the global unemployment rate is expected to decrease slightly to 4.9% this year from 5.0% in 2023, despite persistent inequalities in labour markets
• In its ongoing effort to combat Unsolicited Commercial Communication (UCC), the government has introduced a dedicated numbering series, 160, exclusively for service and transactional voice calls per the Telecom Commercial Communication Customer Preference Regulation (TCCCPR), 2018
• During the UN 4th International Conference on Small Island Developing States (SIDS) in Antigua and Barbuda, the Coalition for Disaster Resilient Infrastructure (CDRI), headquartered in New Delhi, announced a Call for Proposals aimed at funding projects to enhance infrastructure resilience in SIDS
• India's assumption of the chairmanship for the regional grouping Colombo Process marks the first time since its inception in 2003.
• The Government of India has launched BIMReN (BIMSTEC-India Marine Research Network), a joint initiative of the Ministry of External Affairs (MEA) and the Bay of Bengal Programme-Inter Governmental Organization (BOBP-IGO).
• The government has decided to raise the gratuity limit for central government employees by 25%, effective January 1, 2024.
• The Centre has launched a new numbering series, 160xxxxxxx, specifically for service or transactional calls.
• The Supreme Court of India has reconstituted its Gender Sensitisation and Internal Complaints Committee in line with the Gender Sensitisation and Sexual Harassment regulations of 2013
• India is set to host the prestigious annual general meeting (AGM) of the International Air Transport Association (IATA) in 2025, marking a significant milestone after 42 years.
• According to the Union Ministry of Agriculture and Family Welfare,116,000 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 National Pension System’s (NPS) assets under management (AUM) have touched ₹12.16 lakh crore as of May 25, the latest data from the Pension Fund Regulatory and Development Authority (PFRDA)
• Following the Congress' appeal to electors in Madhya Pradesh's Indore to select the 'None of the Above' option, it has so far got more than 1.7 lakh votes in the Lok Sabha seat, breaking the previous NOTA record of Gopalganj in Bihar.
• Ahead of the formation of the new Government, the Central Board of Indirect Taxes and Custom (CBIC) released draft of new Bill to amend the Central Excise Act. The proposed Bill, once enacted, will replace 8 decades’ Act - the Central Excise Act.

CURRENT AFFAIRS: INTERNATIONAL NEWS

• India's first woman Permanent Representative to the United Nations, Ruchira Kamboj, retired after 35 years of service.

CURRENT AFFAIRS: STATE NEWS

• Kerala has introduced Artificial Intelligence (AI) learning in the Information & Communication Technology (ICT) textbook of Class 7.
• Hyderabad, one of the bustling metropolitan cities of the country, ceased to be the common capital of Telangana and Andhra Pradesh on June 2, 2024, as per the Andhra Pradesh Reorganisation Act, 2014.

CURRENT AFFAIRS: BUSINESS NEWS

• PwC will become the largest customer and the first reseller of OpenAI's enterprise product as businesses accelerate their adoption of generative artificial intelligence
• French tech firm Dassault Systemes announced that Dhaksha Unmanned Systems Pvt Ltd, a Chennai-based drone manufacturer, has adopted its Modsim modeling and simulation tools on the 3DEXPERIENCE platform to develop and launch next-generation drones at lower costs
• India's real GDP grew by 7.8% in the fourth quarter (January-March) of FY 2023-24, propelling the full-year growth to an impressive 8.2%.
• India's fiscal deficit stood at Rs 16.54 lakh crore in FY24, below the budgetary target of Rs 17.86 lakh crore, achieving 95.3% of the target.
• State-owned REC Ltd has approved an increase in its foreign currency borrowing limit to $24 billion from $20 billion
• India received the highest foreign direct investment (FDI) from Singapore in 2023-24, even as overall overseas capital inflows into the country contracted by approximately 3.5% due to global economic uncertainties
• Russia has solidified its position as the leading oil supplier to India for the fiscal year 2023/24, marking the second consecutive year of dominance and reshaping market dynamics by reducing the market share of Middle Eastern and OPEC producers to historic lows
• Reliance Industries Limited (RIL)is set to establish a global economic hub in Navi Mumbai, having secured sub-leases on approximately 3,750 Acres of land for an estimated INR 13,400 Crore.
• The Netherlands has emerged as India's third largest export destination after the US and UAE in 2023-24, with key exports including petroleum products, electrical goods, chemicals, and pharmaceuticals.
• Volvo is set to issue the world's first EV battery passport that will record the source of components and raw materials, and list out the carbon footprint of the company's flagship EX90 electric SUV.

CURRENT AFFAIRS: BANKING AND ECONOMY

• Bengaluru-based fintech firm PhonePe has launched secured loans in partnership with various non-banking finance companies (NBFCs).
• The Finance Ministry has instructed the State Bank of India (SBI) to establish a six-member committee to address challenges associated with the co-lending business model.
• In a first, the Reserve Bank of India (RBI) cancelled the auction of 10-year green bonds as traders refused to pay greenium.
• The Unified Payments Interface (UPI) network operated by the National Payments Corporation of India (NPCI) has set a new record by processing 14.04 billion transactions in May 2024 compared to 13.3 billion in April 2024.
• The banking sector observed a notable increase in credit growth during the first month of fiscal 2024, primarily driven by advancements in the agriculture sector, as per the Reserve Bank of India (RBI).
• Canara Bank has approved the initiation of the process to dilute its 14.50% stake in its subsidiary, Canara HSBC Life Insurance Company Limited., through an initial public offering (IPO).
• The Reserve Bank of India (RBI) has transferred around 100 tonnes or 1 lakh kilograms of gold from the United Kingdom to its vaults in India.
• The Reserve Bank of India (RBI) released the final framework for recognising self-regulatory organisations (SROs) in the financial technology sector (SRO-FT), encouraging entities to have a representative membership from the fintech sector.
• In the financial year 2023-24 (FY24), there were 36,075 reported bank frauds, marking a significant increase of nearly 166% from the 13,564 cases reported in FY23.
• The Insurance Regulatory and Development Authority of India (IRDAI) has issued a new health insurance circular that seeks to improve services for policyholders by reducing settlement times and ensuring cashless claim processes.
• Markets regulator Securities and Exchange Board of India (SEBI) significantly reduced the time taken by stock exchanges for granting approval to stock brokers for internet-based trading to 7 days from the current 30 days.
• Capital Small Finance Bank (CSFB), a small finance bank, has forged a bancassurance tie-up with ICICI Lombard General Insurance Company Ltd.(ICICI Lombard), a private general insurer.
• 4 prominent European banks, which also serve critical custodian roles in local sovereign debt trade, have approached the Reserve Bank of India (RBI) seeking approval for a third-party transaction model & the European banks involved in this initiative are Credit Agricole, Societe Generale, Deutsche Bank, and BNP Paribas.
• JM Financial Asset Reconstruction Companies (JMFARC’s) capital adequacy fell below regulatory requirements following a provision of Rs 846.86 crore for expected credit loss on distressed loans in FY24.
• Lenders are planning to approach the Reserve Bank of India (RBI) with a proposal to lower provisioning for infrastructure loans.
• Bank of India (BoI) has launched a special fixed deposit plan called '666 Days - Fixed Deposit', offering attractive returns on deposits for a tenure of 666 days.
• Jio Financial Services, a Non-Banking Financial Company (NBFC),launched its application – “JioFinance” app (in beta mode), which will offer a range of financial services and will also offer loans against mutual funds among other services in the future.
• L&T Finance Limited. (LTF), one of the country's leading Non-Banking Financial Companies (NBFCs), has forged a strategic partnership with PhonePe, India’s leading fintech company offering a wide range of financial services and products.
• Capital markets regulator Securities and Exchange Board of India (SEBI) has launched a mobile app, ‘Saarthi 2.0’, focused on personal finance for investors.
• The State Bank of India (SBI) became the 1st public sector bank and the 7th Indian company to cross the Rs 8 trillion market capitalisation (m-cap).
• The alternative investment fund (AIF) industry has welcomed recent suggestions by the Securities and Exchange Board of India (SEBI) to change the valuation norms, aiming to resolve valuation issues and relax guidelines.
• In their bid to recover money stuck with absconding wilful defaulters, 6 public sector banks (PSUs) have issued 1,071 look-out circulars (LOCs) since 2018 to prevent them from fleeing to other countries.
• The Insurance Regulatory and Development Authority of India (IRDAI) issued a master circular on corporate governance for insurers.
• Axis Bank, a private sector bank, and Bajaj Allianz General Insurance, a private general insurer, have entered a strategic bancassurance partnership to boost insurance penetration and financial inclusion in the country.
• The Reserve Bank of India (RBI) absorbed surplus liquidity aggregating ₹44,430 crores through two variable rate reverse repo (VRRR) auctions of three days tenor. 
• Punjab National Bank (PNB), a public sector bank, and India Infrastructure Finance Company Ltd (IIFCL), a state-owned entity, signed a Memorandum of Understanding (MoU) to provide long-term financial support for viable infrastructure projects.
• Capital markets regulator Securities and Exchange Board of India (SEBI) has set up a committee to review the ownership and economic structure of clearing corporations and suggest measures to ensure that clearing corporations function as resilient, independent, and neutral risk managers.
• Adani One,the digital platform of the Adani Group, and ICICI Bank have collaborated to introduce two new co-branded credit cards in association with Visa.
• Amid the mayhem over exit poll prediction, market regulator Securities and Exchange Board of India (SEBI) has implemented the much awaited market rumour verification regulation on top 100 companies.

CURRENT AFFAIRS: AWARDS AND HONOURS

• The National Institute of Mental Health and Neuro Sciences (NIMHANS), Bengaluru, India’s premier mental health institution, has been honoured with the prestigious Nelson Mandela Award for Health Promotion for 2024 by the World Health Organization (WHO).
• Bruhat Soma, a 12-year-old Indian-American seventh-grader from Florida, emerged victorious at the prestigious Scripps National Spelling Bee

CURRENT AFFAIRS: APPOINTMENTS & RESIGNATIONS

• Saurabh Garg, a 1991-batch Odisha cadre IAS officer, has been appointed as the full-time Secretary of the Ministry of Statistics and Programme Implementation (MoSPI).
• Muthoot Pappachan Group (MPG), popularly known as Muthoot Blue, has roped in Shah Rukh Khan as its brand ambassador.
• Telecommunications services provider Bharti Airtel has appointed Sharat Sinha as the Chief Executive Officer (CEO) of Airtel Business, effective June 3, 2024, who will be reporting to Gopal Vittal, CEO and Managing Director, Airtel.
• Halla Tomasdottir, a businesswoman and Chief Executive Officer (CEO) of B Team, has been elected as the 7th President of Iceland.
• Dr Helen Mary Roberts, serving in the Pakistan Army Medical Corps, has made history by becoming the first woman from the Christian and minority community to achieve the rank of brigadier in the Muslim-majority country.
• A climate scientist and former mayor of Mexico City, Claudia Sheinbaum secured a sweeping win to become Mexico's first female president.
• Vijaya Bharathi Sayani, Member of the National Human Rights Commission (NHRC), has been authorized to act as the Chairperson of NHRC by the President, under Section 7(1) of the Protection of Human Rights Act, 1993.
• Appointment of Sushil Kumar Singh as Chairperson of Deendayal Port Authority (DPA), Kandla approved by the Appointments Committee of the Cabinet.
• PV Sindhu, two-time Olympic medallist and world champion shuttler, has invested in and become the brand ambassador for Greenday's 'Better Nutrition' brand.
• Giuseppe Marotta, Inter Milan's current sporting Chief Executive Officer (CEO), is set to become the club's new president.

CURRENT AFFAIRS: MOUS AND AGREEMENT

• A Memorandum of Understanding (MoU) has been established between the Ministry of External Affairs (MEA), Government of India, the Ministry of Electronics and Information Technology (MeitY), Government of India, and CSC eGovernance Services India Limited
• Leading NBFC L&T Finance has forged a strategic partnership with FinTech major PhonePe to expand the range of financial products and offer secured lending options to customers.
• The Armed Forces Medical Services (AFMS) has signed a memorandum of understanding (MoU) with the Indian Institute of Technology (IIT) Hyderabad to collaborate on research and training.
• IndiGo and Japan Airlines (JAL) have entered into a codeshare partnership to provide customers with increased travel options between Japan and India
• Finnish telecom giant Nokia has agreed with Gati Shakti Vishwavidyalaya (GSV) to conduct joint research focusing on 5G/6G communications within the transportation and logistics domain
• The Department of School Education, Ministry of Education, Government of India, has entered into a Memorandum of Understanding (MoU) with the National Book Trust, operating under the Department of Higher Education, Ministry of Education, to establish a robust institutional framework for the Digital Library Platform, Rashtriya e-Pustakalaya.
• Air India in its latest collaboration with Delhi Airport and Delhi Metro is all set to offer check-in services at two metro stations in the national capital for international passengers.

CURRENT AFFAIRS: RANKING AND REPORTS

• In a significant development, Gautam Adani, chairman of the Adani Group, has regained the title of Asia’s richest person, surpassing Mukesh Ambani, head of Reliance Industries

CURRENT AFFAIRS: ACQUISITION AND MERGERS

• State Bank of India (SBI) has commenced the process of selling personal guarantees provided by Nikhil Gandhi, the former promoter of Reliance Naval and Engineering Limited (R-Naval).
• Punjab National Bank’s (PNB) Board approved the initiation of process for divesting 10% shareholding in its associate company Canara HSBC Life Insurance through an initial public offering (IPO) route. 
• The Competition Commission of India (CCI) has approved the proposed combination involving acquisition in IRB Infrastructure Trust and MMK Toll Road Private Limited by Cintra.

CURRENT AFFAIRS: DEFENCE NEWS

• The Indian Air Force (IAF) contingent, comprising eight Rafale fighter jets, one C-17 Globemaster transport aircraft, and one IL-78 air-refueler, has reached Eielson Air Force Base in Alaska, United States of America (USA), to participate in Red Flag 24.

CURRENT AFFAIRS: SCIENCE & TECHNOLOGY

• In a remarkable achievement, IIT Madras’ startup, Agnikul Cosmos, has launched the world’s first rocket with a single-piece three-dimensional (3D) printed engine.
• Earth Cloud Aerosol and Radiation Explorer (EarthCARE) satellite, a joint mission of ESA (European Space Agency) and JAXA (Japan Aerospace Exploration Agency), has been successfully launched.
• Pakistan launched a multi-mission communication satellite named PAKSAT MM1 for faster internet connectivity with the help of its all-weather ally China, making it Islamabad’s second satellite to be sent into orbit within a month.
• A significant cloud computing and artificial intelligence initiative undertaken by Google in collaboration with the Israeli government, aimed at enhancing the latter's technological capabilities, particularly amidst the ongoing Gaza conflict.
• China landed an uncrewed spacecraft on the moon's far side, overcoming a key hurdle in its landmark mission to retrieve the world’s first rock and soil samples from the dark lunar hemisphere.

CURRENT AFFAIRS: SPORTS NEWS

• Indian Grandmaster R Praggnanandhaa secured a historic victory by defeating world number one Magnus Carlsen in the Classical format, emerging as the sole leader in the Norway Chess tournament.
• Indian mountaineer Satyadeep Gupta has etched his name in history by achieving two remarkable feats: becoming the first person to scale Mt Everest and Mt Lhotse twice in a single season, and the first Indian to traverse both peaks within a span of 11 hours and 15 minutes
• The Boxing Federation of India (BFI) has agreed to join World Boxing, the International Federation dedicated to safeguarding boxing within the Olympic Movement.
• At Wembley Stadium, Real Madrid added another chapter to their illustrious history by securing a record-extending 15th UEFA Champions League title
• Veteran wicketkeeper-batter Dinesh Karthik announced his retirement from all forms of cricket
• England’s versatile allrounder Brydon Carse has received a three-month suspension from all forms of cricket due to a breach of betting regulations
• Indian javelin thrower DP Manu secured the gold medal at the Taiwan Athletics Open 2024 with an impressive throw of 81.58 meters.
• The All India Tennis Association (AITA) has announced the Dilip Bose award for lifetime achievement to coach Nar Singh & Rohini Lokhande.
• Grandmaster Arjun Erigaisi’s strong showing in the French Team Chess Championship has helped him reach the fifth spot in the FIDE standings, making him the highest ranked Indian by live rating.
• Jannik Sinner became the first ever Italian player to be crowned the ATP World No. 1 in men's singles competition.