Important Weekly Current Affairs 2024 News - June 15th to 21st

Dear Readers, Here we have given the list of Important Weekly Current Affairs of June 15th to 21st June 2024. Candidates those who are preparing for Upcoming SBIClerk 2024 and other competitive exams can make use of it.

Weekly Current Affairs June 15th to 21st PDF Download

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CURRENT AFFAIRS: IMPORTANT DAYS

  • Global Wind Day, which is observed on 15 June every year, raises awareness about the importance of wind energy and its power to alter the globe.
  • On June 15th, every year the world commemorates World Elder Abuse Awareness Day with the theme of 'Spotlight on Older Persons in Emergencies.'
  • Every year on June 17th, the World Day to Combat Desertification and Drought is commemorated to increase public awareness about the critical need to combat desertification and drought and the theme is - 'United for Land. Our Legacy. Our Future. "
  • Every year on June 18th, the globe celebrates Autistic Pride Day to raise awareness that autism is a condition, not a disease.
  • On the 19th of June every year, World Sauntering Day is observed each year all over the world to encourage people to slow down and appreciate the world around them and connect with nature.
  • Every year on June 19th, World Sickle Cell Day is commemorated to raise awareness of the human Sickle Cell illness & the theme of 2024 is “Hope Through Progress: Advancing Care Globally.”
  • Every year on June 20th, World Refugee Day is commemorated to raise awareness of the plight of refugees and the difficulties they face.
  • Every year on June 21st, World Hydrography Day is commemorated to promote awareness about the importance of hydrography, safe navigation, and maritime environmental conservation & the theme of 2024 is “Hydrographic Information - Enhancing Safety, Efficiency and Sustainability in Marine Activities”.
  • Every year on the 21st of June, International Yoga Day is commemorated to create awareness about the relevance and advantages of yoga in everyone's life & the 2024 theme, "Yoga for Self and Society”.
  • On 21st June, World Music Day 2024 is celebrated all over the globe to celebrate music among the public.

CURRENT AFFAIRS : BANKING & FINANCE

  • Integration of the Unified Payments Interface (UPI) with RuPay credit cards has significantly boosted the distribution and issuance of these domestic cards.
  • The pace of credit growth of commercial banks in India is expected to moderate in the current financial year (FY25) to 12-14% due to challenges in raising resources and regulatory concerns on unsecured credit.
  • India's largest lender State Bank of India (SBI), announced that its board has approved a plan to raise to $3 billion through debt in the current financial year.
  • The Automated Sweep-In and Sweep-Out System (ASISO), utilized by banks for managing daily liquidity requirements with the Reserve Bank of India (RBI), experienced its first malfunction since its inception nearly four years ago.
  • The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,45,50,000 (₹1.45 crore) on the Central Bank of India (CBI), citing deficiencies in regulatory compliance.
  • RBI has imposed a monetary penalty of ₹96.40 Lakh on Sonali Bank PLC (Public Limited Company).
  • The State Bank Of India (SBI) has concluded the issuance of $100 million foreign bonds which will be issued through SBI’s London branch on June 20 2024.
  • Insurance regulator Insurance Regulatory and Development Authority (IRDAI) has issued a master circular on submission of returns for insurers, including foreign reinsurance branches (FRBs), on the 202 regulatory returns to be filed.
  • The Reserve Bank of India (RBI) has been awarded the Risk Manager of the Year Award 2024 by London-based Central Banking.
  • Baroda BNP Paribas Mutual Fund has launched the Baroda BNP Paribas Manufacturing Fund, which is an open-ended equity scheme predominantly investing in manufacturing themes.
  • The Reserve Bank of India (RBI) issued a circular regarding overseas investments, permitting resident individuals and listed companies to invest in offshore funds managed by regulated fund managers.
  • Banks plan to request the Reserve Bank of India (RBI) to incentivise green financing, including considering this category of lending, irrespective of loan limit, as priority sector lending (PSL) or excluding infrastructure sector exposure from overall credit for the purpose of arriving at annual PSL target.
  • CAMSRep (CAMS Insurance Repository Services), a wholly-owned subsidiary of the Company and a leading Insurance Repository launches Bima Central, a revolutionary one-stop platform for simplifying insurance portfolio management.
  • Kotak Mahindra Life Insurance Company Limited (Kotak Life) has partnered with Mahindra & Mahindra Financial Services Limited (Mahindra Finance) to offer life insurance solutions to customers.
  • The City Union Bank (CUB) has introduced digital lending processes tailored for Micro, Small, and Medium Enterprises (MSMEs).
  • The Reserve Bank of India (RBI) has cancelled the licence of Purvanchal Co-operative Bank, Ghazipur, Uttar Pradesh as it does not have adequate capital and earning prospects.
  • The Public Sector Banks (PSBs) in India hold a dominant position in the banking sector by accounting for more than 50% of the banking business in terms of market share, branches, and Automated Teller Machines (ATMs), highlights a report by the State Bank of India.
  • The mutual fund industry is all set to ride the manufacturing wave as a theme for investment.
  • The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) are keeping a close watch on the surging volume in the equity derivatives segment whose volumes have even dwarfed the nominal GDP of the country.
  • The Central government is likely to announce India’s adoption of the “Pillar-2” tax regime anchored by the Organisation for Economic Cooperation and Development (OECD) in the coming Budget, as part of the country’s efforts to support and benefit from the global system combating tax avoidance.
  • Noida-based 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, with participation from existing investors Accel and Quona.
  • State Bank of India (SBI), the country's largest lender, plans to raise Rs 20,000 crore through long-term bonds in the current financial year for funding infrastructure projects and affordable housing units.
  • The Reserve Bank of India (RBI) invited applications for recognition of SROs for the NBFC sector.
  • The Reserve Bank cancelled the licence of The City Co-operative Bank, Maharashtra for lacking adequate capital and earning prospects.
  • Zurich Insurance Company Ltd. (“Zurich”) announced the successful completion of acquiring a majority stake in Kotak Mahindra General Insurance Company Limited (“Kotak General Insurance”) from Kotak Mahindra Bank Limited (“Kotak”), following the receipt of all necessary regulatory approvals.
  • Multi-lateral development lender Asian Development Bank (ADB) approved a USD 170 million (over Rs 1,418 crore) policy-based loan to improve India's health system preparedness and capacity to respond to future pandemics.
  • India Post Payments Bank (IPPB) announced a partnership with Ria Money Transfer to facilitate international remittances, particularly for rural customers.

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CURRENT AFFAIRS: NATIONAL NEWS

  • India will need investments between USD 190 to 215 billion to achieve its goal of 500 gigawatts (GW) of renewable energy capacity by 2030, according to Moody's Ratings.
  • India ranks as the second-largest emitter of nitrous oxide (N2O) globally, a greenhouse gas significantly more potent than carbon dioxide in terms of atmospheric heating.
  • The Centre has extended the scheme for digitizing patients' health records and linking them with the Ayushman Bharat Digital Health Account (ABHA ID) by one year.
  • Pension regulator PFRDA has chosen NEC Corporation India as the System Integrator (SI) for its digital platform, PFRDA-TRACE, for a period of six years.
  • The Union Jal Shakti Ministry has introduced an innovative e-flow ecological monitoring system for real-time river quality monitoring of Ganga.
  • According to the survey, 47% of urban Indians reported being victims of financial fraud themselves or within their families over the past three years.
  • Prime Minister Narendra Modi is set to release the 17th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme in Uttar Pradesh.
  • Railways Minister Ashwini Vaishnaw announced that trials for Vande Bharat sleeper trains will commence within the next two months, with operations expected to begin six months thereafter.
  • Indian Railway officials has conducted a comprehensive inspection of the newly constructed world's highest railway bridge over the Chenab River in Jammu and Kashmir.
  • Shivraj Singh Chouhan indicated his plan to build a synergy between the two ministries, which the previous ministers in the NDA government probably missed.
  • From July 1,2024, India will witness the enforcement of three new criminal laws: Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and Bharatiya Sakshya Act.
  • The Ministry of Heavy Industries (MHI) is gearing up to launch the third iteration of the flagship government scheme, Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) 3.0, expected to be announced in the Union Budget 2024.
  • The Union government is set to announce its 100 days programme, which is expected to feature the long-awaited National Mission on Oilseeds.
  • Indian Railways has achieved a significant milestone by entering the prestigious Limca Book of Records for organizing the largest public service event across multiple venues in India.
  • The National Highways Authority of India (NHAI) has embarked on a pioneering initiative to establish Miyawaki plantations along various stretches of National Highways, aimed at enhancing ecological restoration and biodiversity.
  • The Ministry of Textiles is advancing its agenda in Technical Textiles by endorsing startups to propel innovation and sustainability, emphasizing transformative developments for the sector's future.
  • The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved an increase in the Minimum Support Prices (MSP) for all 14 Kharif crops for the 2024-25 crop season, which spans from July to June.
  • Prime Minister Shri Narendra Modi inaugurated the new campus of Nalanda University near Rajgir, Bihar.
  • The Ministry of Electronics and Information Technology (MeitY) recently engaged with prominent think tanks to gather feedback on the draft Digital Competition Bill (DCB) and its potential implications for India's startup ecosystem.
  • The Indian government has approved the construction of Vadhavan Port, positioned north of Mumbai on the west coast, with aspirations for it to rank among the top 10 ports globally upon completion.

CURRENT AFFAIRS : INTERNATIONAL NEWS

  • The United Nations has added Israel's military, Hamas and Palestinian Islamic Jihad's armed wing for the first time to its list of offenders for violating children’s rights.
  • Chinahas beaten its fellow superpowers when it comes to growing its stockpile of nuclear warheads, a European think tank stated in a report.
  • Alembic Pharmaceuticals Ltd has secured final approval from the US Food & Drug Administration (USFDA) for its generic Dabigatran Etexilate capsules in 75 mg and 150 mg dosages.

CURRENT AFFAIRS : STATE NEWS

  • Chief Minister K. Stalin inaugurated the ‘Chief Minister’s Mannuyir Kaathu Mannuyir Kaappom’ scheme to improve soil health across Tamil Nadu (TN).
  • Assam Chief Minister Himanta Biswa Sarma announced that his government will provide monthly stipend to all girl students from class 11 to post-graduation over the next 5 years.
  • The Jharkhand government, led by Chief Minister Champai Soren, plans to waive farm loans up to ₹2 lakh.
  • The Madhya Pradesh (MP) government has completed its preparations for the reintroduction of the cheetahs in the Gandhi Sagar Wildlife Sanctuary, which will be the second home for cheetahs in India, after the Kuno National Park (KNP).
  • Karnataka Governor inaugurated the ninth National Yoga Olympiad (NYO) 2024, at the convocation hall of Karnataka State Open University (KSOU), in Mysuru.

CURRENT AFFAIRS: BUSINESS NEWS

  • The Production Linked Incentive (PLI) scheme is anticipated to attract investments worth Rs 3-4 lakh crore over the next four years and create 2 lakh jobs, according to a top executive at
  • The 53rd meeting of the GST Council is set to convene on June 22, 2024, in New Delhi, marking the first session under the newly re-elected government.
  • Dassault Systèmes, the technology arm of the Paris-based Dassault Group, has set an ambitious target of achieving $1 billion in revenue from India by 2027.
  • The International Finance Corporation (IFC) has committed to partially finance a 550 MW solar power project in Bikaner, Rajasthan, developed by Brookfield Asset Management.
  • In a significant development, the United Kingdom has overtaken China to become India's fourth-largest export market as of May 2024.
  • The International Finance Corporation (IFC) has committed $105 million to partially finance a significant solar power project in Bikaner, Rajasthan.
  • The Fintech Association for Consumer Empowerment (FACE) reported substantial growth in the Indian fintech and digital lending sector for the fiscal year 2023-24.
  • Coal India Limited (CIL) has undertaken a significant initiative to monetize 23 discontinued underground coal mines by awarding them to private sector operators under a revenue-sharing model.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

  • Ajit Doval has been reappointed as the National Security Advisor and PK Mishra as the Principal Secretary to the Prime Minister with effect from June 10,2024 in a resounding vote for continuity under Narendra Modi’s 3rd term as the Prime Minister.
  • Manuj Singhal, an Indian Engineering Service (IES) officer of the 1994 batch, has been appointed as the new Director (Infrastructure) at Delhi Metro Rail Corporation (DMRC).
  • The South African parliament re-elected Cyril Ramaphosa, the African National Congress’s (ANC) President, as the President of South Africa during the first sitting of the National Assembly of the 7th Parliament.
  • Tesam Pongte, Member of the Legislative Assembly (MLA) from Changlang North, has been elected unanimously as the Speaker of the 8th Arunachal Pradesh Legislative Assembly as there was no other nomination received for the post.
  • Rajeev Krishnamuralilal Agarwal has been appointed as Non-Executive Independent Director at One 97 Communications Limited (OCL), the company that owns the Paytm brand.
  • Suzlon Vice Chairman Girish Tanti has been elected as the Chair of Global Wind Energy Council India (GWEC India).
  • Sudhakararao Papa is set to be the next Director (Enterprise) of Bharat Sanchar Nigam Limited (BSNL).
  • Private sector Dhanlaxmi Bank stated it has appointed Ajith Kumar KK as Managing Director (MD) of the bank.

CURRENT AFFAIRS : PERSON IN NEWS

  • Siddhesh Sakore, a farmer and the founder of AGRO RANGERS, from Maharashtra, has been named Land Hero by the United Nations Convention to Combat Desertification (UNCCD).

CURRENT AFFAIRS: AWARDS AND HONOURS

  • The 18th Mumbai International Film Festival (MIFF) 2024 witnessed the inauguration of its first-ever Documentary Film Bazaar, marking a significant milestone for the festival as the leading platform for non-feature films in South Asia.
  • Vinod Ganatra, a distinguished children’s filmmaker from India, has been honoured with South Africa’s prestigious 'Nelson Mandela Lifetime Achievement Award' for his exceptional contributions to children’s cinema.

CURRENT AFFAIRS : DEFENCE NEWS

  • The Indian Army has inducted Nagastra-1, India's first indigenous loitering munition developed by Nagpur-based Solar Industries.
  • The Indian Air Force (IAF) will host its first multinational air exercise, Tarang Shakti-2024, in August 2024.
  • An Indian Air Force (IAF) contingent participated in the Exercise Red Flag 2024 conducted at Eielson Air Force Base, Alaska of the United States Air Force, from 04 June to 14 June 2024.
  • The Chief of Defence Staff General Anil Chauhan released India’s first joint doctrine for cyberspace operations, acknowledging that cyberspace has emerged as a crucial and challenging domain in modern warfare.
  • The Indian Army announced the opening of a state-of-the-art skin bank facility at the Army Hospital (Research & Referral).

CURRENT AFFAIRS : ACQUISITIONS & MERGERS

  • Ambuja Cements, part of the Adani Group, is acquiring Hyderabad-based Penna Cement Industries Ltd (PCIL) for an enterprise value of Rs 10,422 crore.
  • Bharti Airtel has prepaid ₹7,904 crore to the telecom department, clearing the remaining part of the payment relating to spectrum bought in 2012 and 2015 auctions, a move which will lead to interest cost savings.
  • Food delivery major Zomato is in advanced talks to acquire fintech player Paytm’s movie and event ticketing business, a potential deal that is pegged in the range of Rs 1,600 crore-2,000 crore.

CURRENT AFFAIRS: RANKING AND INDEX

  • According to Knight Frank's 'Prime Global Cities Index Q1 2024', Mumbai and New Delhi have experienced significant annual increases in real estate prices, driven by robust economic growth in India.
  • THE's Impact Rankings 2024 evaluates a record 2,152 universities across 125 countries/regions based on their contributions to all 17 UN Sustainable Development Goals (SDGs) as of June 12, 2024.
  • Kroll, a leading global risk and financial advisory solutions firm, has unveiled the ninth edition of its Celebrity Brand Valuation Study, ‘Brands, Business, Bollywood.’

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

  • Researchers have discovered a "super fluffy" exoplanet, 50% larger than Jupiter and weighing only a 7th of it, giving it a "cotton candy"-like density.
  • The scientists of Ahmedabad-based Physical Research Laboratory (PRL) have discovered three new craters on Mars.
  • A woman-led start-up, Ingenious Research Solutions Private Limited, developed 'Divya Drishti', an Artificial Intelligence (AI)-based tool combining facial recognition with gait analysis.
  • A team of scientists from Assam, Odisha, China, and the United Kingdom have developed a water-repellent catalyst that can cut the cost of producing “environmentally benignbiodiesel substantially from the current levels.
  • Google has launched the Gemini app in India, supporting 9 Indian languages.

CURRENT AFFAIRS: MOUS AND AGREEMENT

  • Oracle has collaborated with the Tamil Nadu Skill Development Corporation to provide IT skills and capabilities to the youth in the state, aiming to improve their employment prospects.
  • Samsung has partnered with One 97 Communications Limited (OCL), the parent company of fintech firm Paytm, to introduce flight, bus, movie, and event ticket booking services on the Samsung Wallet.
  • Jammu & Kashmir has expanded its existing Memorandum of Cooperation (MoC) with New Zealand into a comprehensive strategic agreement aimed at advancing the agricultural sector.
  • The Ministry of External Affairs (MEA) and the State Bank of India (SBI) have formalized a Memorandum of Understanding (MoU) to integrate SBI’s payment gateway, SBIePay, with the eMigrate portal.
  • The Department of Administrative Reforms and Public Grievances (DARPG), under the Ministry of Personnel, Public Grievances and Pensions, Government of India, has extended its Memorandum of Understanding (MoU) with the Public Service Commission of the Republic of the Gambia.
  • India and the U.S. are set to rapidly conclude a bilateral agreement aimed at enhancing cooperation on critical minerals.
  • In a significant development, North Korea and Russia have agreed to a mutual defence pact during Russian President Vladimir Putin's recent visit to North Korea, marking his first in 24 years.

CURRENT AFFAIRS: SPORTS NEWS

  • The International Hockey Federation (FIH) has announced that India will host the FIH Hockey Men’s Junior World Cup in December 2025.
  • Puja Tomar made history as the first mixed martial arts fighter from India to secure a victory at the Ultimate Fighting Championship (UFC).
  • According to a report by Houlihan Lokey, the business valuation of the Indian Premier League (IPL) has risen to $16.4 billion, marking a 6.5% increase.
  • Neeru Pathak delivered a stunning performance at the National Youth Athletics Championships in Bilaspur, Chhattisgarh, setting a new U18 national record in women's 400m.
  • Sumit Nagal, India's rising tennis star, has reached a career-best ATP singles ranking of 71, marking a significant milestone in his career trajectory.
  • India's Olympic and world champion javelin thrower, Neeraj Chopra, claimed his maiden gold medal at the Paavo Nurmi Games, showcasing his dominance upon returning to competitive action after a month-long break.

CURRENT AFFAIRS : OBITUARIES

  • Veteran sports journalist Harpal Singh Bedi, renowned for his extensive coverage of Indian sports over a career spanning more than four decades, passed away at the age of 72 in New Delhi.
  • Padmanabha Rao, The Hindu’s former Legal Correspondent who had a reputation for covering the Supreme Court with balance and accuracy, passed away at the age of 91 in New Delhi.
  • Researcher, historian and author Parameswaran Thankappan Nair (91), who spent more than six decades in Kolkata and was considered an authority on the city’s history, died in Kochi, Kerala.
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