Weekly One Liner Current Affairs 27th May to 02nd of June 2024

National Affairs

• The Food and Nutrition Board (FNB), under the Ministry of Women and Child Development (WCD) , providing logistical support to community nutrition programs, has been dissolved as part of government efforts to streamline and rationalize administrative bodies.
• From January 1, 2024, the Indian government increased the maximum retirement and death gratuity limit for Central government employees from Rs 20 lakh to Rs 25 lakh, aiming to enhance employee benefits.
• Goa Statehood Day is celebrated on May 30 each year to mark the state's attainment of statehood in 1987.
• India achieved a milestone by testing the indigenous anti-radiation missile Rudram-II from a Su-30 MKI fighter aircraft off Odisha's coast.
• India's smartphone exports surged to $15.6 billion in FY24, marking a 42% growth and elevating it to the fourth-largest export item, up one rank from the previous year.
• According to the Central Electricity Authority’s latest data, Uttar Pradesh leads in adding transmission lines among state transmission companies in 2023-24.
• Kerala has made a groundbreaking step by incorporating Artificial Intelligence (AI) learning into the Class 7 ICT textbook. This move aims to introduce students to AI concepts early, preparing them for future technological advancements.
• Google is investing $350 million in Flipkart, a Walmart-owned e-commerce company, as part of a $1 billion funding round.
• Global investment bank Goldman Sachs has raised India’s GDP growth forecast to 6.7% for 2024.
• S&P Global ratings has revised India’s outlook on economy to positive from stable.
• Disney sells its 30% stake in Tata Play Ltd. to Tata Group for about $1 billion.
• RBI projects 7% Real GDP growth in current financial year.
• RBI has penalized ICICI Bank and YES Bank for violations of regulatory norms pertaining to their financial positions as of March 31, 2022.
• RBI has imposed a penalty of Rs 3.1 lakh on Hero FinCorp Limited due to non-compliance with certain provisions of the fair practices code.
• RBI cancels 10-year green bond auction for first time as traders refused to pay greenium.
• Reliance Industries Limited (RIL) and Tata Group, have been named among the World’s 100 ‘Most Influential Companies’ by the renowned TIME magazine.
• The South African Reserve Bank's Prudential Authority fined State Bank of India's South Africa branch 10 million rand for not complying with the Financial Intelligence Centre Act.
• India has assumed the chairmanship of the Colombo Process, a regional forum formed in 2003 comprising 12 South and Southeast Asian nations. It focuses on managing overseas employment and safeguarding migrant workers' rights.
• Reliance Industries is set to begin construction on India’s first Multimodal Logistics Park at Mappedu near Chennai in June.
• GAIL (India) Ltd., a top natural gas transmission and distribution company has commissioned its first green hydrogen plant in Vijaipur, Madhya Pradesh.
• The Insurance Regulatory and Development Authority of India (IRDAI) has granted approval for the appointment of Sandeep Batra as the Chairman of the Board of Directors of ICICI Prudential Life Insurance Company.
• Japan’s electronics and entertainment conglomerate Sony has appointed Gaurav Banerjee, as its new Chief Executive Officer for India operations.
• Indian badminton maestro Ms. PV Sindhu was designated as the brand ambassador for Tobacco Control.
• Rakesh Ranjan has been appointed as the Chairman of the Staff Selection Commission (SSC).
• The National Asset Reconstruction Company (NARCL), India’s state-owned bad bank, has appointed P Santhosh as its new Managing Director and Chief Executive Officer.
• Shehra BJP MLA Jetha Ahir, has been elected uncontested as the chairman of the National Agricultural Cooperative Marketing Federation of India (NAFED).
• The Department of Telecommunication (DoT), with the Ministry of Home Affairs, launches Sanchar Saathi Initiative to combat fraudulent SMS.
• Chennai-based startup Agnikul Cosmos has achieved a remarkable feat by successfully launching the world’s first space rocket with a single-piece three-dimensional (3D) printed engine.
• Indian Army partners with Indian Oil Corporation Limited (IOCL) for demonstration trials of Hydrogen Fuel Cell Bus technology, aiming to explore its feasibility and effectiveness.
• The Indian Air Force (IAF) is participating in the 'Red Flag 24' exercise in Alaska, USA, from May 30 to June 14. This multinational military exercise offers realistic training in simulated combat scenarios.
• Wipro 3D and ISRO collaborated to develop and test a 3D-printed rocket engine for India's PSLV, marking a significant milestone in sustainable space exploration.
• Thiruvananthapuram International airport has received the zero waste to landfill (ZWL) accolade by the Confederation of Indian Industry (CII-ITC) Centre of Excellence for Sustainable Development.
• Indian mountaineer Satyadeep Gupta becomes first person to scale Mt. Everest and Mt. Lhotse twice in one season.
• 55-year-old Jyoti Ratre Becomes India’s Oldest Woman to Conquer Mount Everest.