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CURRENT AFFAIRS: IMPORTANT DAYS
International Sex Workers’ Day: June 2
- International Sex Workers Day is observed on 2 June every year across the world.
- This day is celebrated to highlight the rampant exploitation of sex workers and the terrible conditions they live in.
- It aims to raise awareness about the abuse and victimization of sex workers.
History:
- It was on 2 June 1975 that approximately 100 sex workers gathered at Saint-Nizier Church in Lyon, France, expressing their frustration and fury over their criminalized and exploitative living conditions.
- They also hung a banner from the steeple, which read ‘Our children don’t want their mothers to go to jail,’ and also launched a media campaign to voice their grievances.
- This event made news on TV channels and newspapers, and soon, strikes were launched all over France by sex workers, creating a legacy of activism.
- Sex workers at Saint-Nizier Church demanded an end to police harassment, reopening of hotels for their work, and proper investigation into sex worker murders.
- French sex workers participated in the event and the strike was eight days long.
- This event was a spark that ignited the rights movement in Europe.
CURRENT AFFAIRS: NATIONAL NEWS
AB PM-JAY Public Dashboard of NHA updated with new features:
- The National Health Authority (NHA) announced the release of its newly revamped public under its flagship scheme of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) dashboard that provides a granular view of the PM-JAY scheme implementation data comprehensively.
- The dashboard will serve as a single source of truth for public and PM-JAY stakeholders providing a comprehensive view of the scheme’s progress.
- The dashboard is another step in the evolution of the PM-JAY scheme that provides a transparent view of the scheme’s progress from a state/UT vantage point.
About the Dashboard:
- The newly updated dashboard provides detailed information about the number of Ayushman Bharat Cards created, empanelled hospitals, and authorized hospital admissions amongst others at both national and state levels.
- It allows users to further view the data distributed according to gender and age.
- g., in the ‘Age Group’ category under the ‘Ayushman Cards Created’ panel, the pie chart reveals that the highest number of Ayushman Card holders are between the age group of 30 to 44 years while the age groups fall between 15 to 29 years and 45-59 years are trailing close behind.
PM Modi launches new series of coins with Azadi Ka Amrit Mahotsav design:
- Prime Minister Shri Narendra Modi has launched a special series of coins that are also ‘visually impaired friendly’.
- The coins of Re 1, Rs 2, 5, 10, and 20 denominations will have the Azadi Ka Amrit Mahotsav (AKAM) design.
- They are not commemorative coins and will be part of the circulation.
- These new series of coins will remind people of the goal of Amrit Kal and motivate people to work towards the development of the country.
- Meanwhile, lenders like HDFC Bank and Axis Bank, these special coins will be distributed through select branches.
- Modi also launched the ‘Jan Samarth portal’ — a credit-linked portal of 12 government schemes.
- AKAM is an initiative of the Government of India to celebrate and commemorate 75 years of independence.
Govt hikes insurance premiums under PM Jeevan Jyoti Bima Yojana, Suraksha Bima Yojana:
- The government has hiked the insurance premium rates for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY).
- The new rates will be effective from June 1, 2022.
- This is the first time the premium rates have been increased since the schemes were launched seven years ago in 2015.
- The premium rates of both schemes have been revised, with PMJJBY being increased from Rs 330 to Rs 436 and PMSBY being increased from Rs 12 to Rs 20.
- The PMJJBY coverage is only for death, therefore the benefit will only go to the nominee.
- PMJJBY is a pure term insurance policy with no investment component that covers solely mortality.
PMSBY:
- The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a type of personal accident insurance that protects you from death or disability as a result of an accident.
- The insurance coverage is for a year, starting on June 1 and ending on May 31.
- The scheme covers a total sum insured of Rs.2 lakh.
PM Shri Narendra Modi opens world’s first nano urea plant:
- PM Shri Narendra Modi has inaugurated the world’s first nano urea liquid plant by Indian Farmers’ Fertilizer Cooperative Limited (IFFCO) at Kalol in
- The virtual inauguration took place at a ceremony held in Gandhinagar in the presence of Union home minister Shri Amit Shah, Union minister of chemicals and fertilizers, Dr. Mansukh Mandaviya, along with the chief minister, Bhupendra Patel.
- The first IFFCO nano urea (liquid) production unit at Kalol has been made with an investment of Rs 175 crore.
- At present, it can produce 1.5 lakh bottles of 500ml capacity of nano urea per day.
About IFFCO:
- Indian Farmers Fertiliser Cooperative Limited, also known as IFFCO, is a multi-state cooperative society.
- IFFCO is wholly owned by Cooperative Societies of India. Society is engaged in the business of manufacturing and marketing fertilizers.
- Headquarters: New Delhi
- Founded: 3 November 1967
- Chairman: Dileep Sanghani
- MD & CEO: Dr. U S Awasthi
Cabinet approves Expanding the mandate of Government e-Marketplace:
- The Union Cabinet, chaired by Prime Minister Mr. Narendra Modi, has approved the expansion of the mandate of GeM to allow procurement by Cooperatives as buyers on GeM.
- The Ministry of Commerce and Industry, Government of India, inaugurated the Government e-Marketplace (GeM) on August 9, 2016, to develop an open and transparent procurement platform for Government buyers.
- A Special Purpose Vehicle (SPV) by the name of Government e-Marketplace (GeM SPV) was set up as the National Public Procurement Portal on May 17, 2017.
- All government purchasers can use the platform right now, including central and state ministries, departments, public sector businesses, autonomous institutions, and local governments.
About GeM:
- GeM is not available to private sector buyers under the existing mandate.
- Suppliers (sellers) might come from any sector: public or private.
- This initiative will assist more than 8.54 lakh registered cooperatives and approximately 27 crore members.
- The GeM site is available to all buyers and merchants in the country.
- The move will help over 8.54 lakh registered cooperatives, like Amul and IFFCO, and their 27 crore members, as they would get products at competitive rates from the GeM portal.
NTPC releases ‘biodiversity policy 2022’
- Power giant NTPC has come out with its “biodiversity policy 2022” for the conservation and restoration of a balanced ecosystem.
- The power major aims to mainstream the concept of biodiversity across its value chain and adopt a precautionary approach for sustainable management of biodiversity in all the decision-making processes to ensure the earth’s variety of life in and around the business units of NTPC.
- The policy also aims to adopt systematic consideration of local threats to biodiversity beyond the company’s business activities.
- As part of its capacity building, NTPC is raising awareness among local communities, employees, and its associates across the supply chain about biodiversity through project-specific and national level training in collaboration with experts.
- Further, NTPC will be adhering to legal compliances concerning biodiversity by complying with rules and regulations related to the environment, forest, wildlife, coastal zone, and green cover during the planning and execution of its projects.
Related Agreement Signed:
- NTPC has signed a five-year agreement with the Andhra Pradesh Forest Department for the conservation of Olive Ridley Turtles on the coastline of Andhra Pradesh.
About Biodiversity:
- It refers to the variety of living species on Earth, including plants, animals, bacteria, and fungi.
- While Earth’s biodiversity is so rich that many species have yet to be discovered, many species are being threatened with extinction due to human activities, putting the Earth’s magnificent biodiversity at risk.
Significance:
- Biodiversity Hotspot: India is home to nearly 8% of global biodiversity on just 2.3% of global land area and contains sections of four of the 36 global biodiversity hotspots.
- Staggering Economic Value: While the precise economic value of all ecosystem services provided by biodiversity may not be known, estimates suggest that India’s forests alone may yield services worth more than a trillion rupees per year.
About NTPC:
- Founded: 7 November 1975
- Headquarters: New Delhi, India
SC bans mining within a 1-km radius of national parks and wildlife sanctuaries:
- The Supreme Court has ordered that mining within the national parks and wildlife sanctuaries shall not be permitted.
- Besides this, the top court also directed that each protected forest, that is a national park or wildlife sanctuary, must have an eco-sensitive zone of a minimum of one kilometer measured from the demarcated boundary of such protected forest in which the activities proscribed and prescribed in the Guidelines of February 9, 2011, shall be strictly adhered to.
- For the Jamwa Ramgarh wildlife sanctuary, it shall be 500 meters so far as subsisting activities are concerned.
- These directions were passed by a Bench of Justices L Nageswara Rao, BR Gavai, and Aniruddha Bose.
- The Court directed the Principal Chief Conservator of Forests for each State and Union Territory to make a list of subsisting structures and other relevant details within the respective ESZs and file a report before it within three months.
CURRENT AFFAIRS: STATE NEWS
Sital Sasthi festival is being celebrated in Odisha
- A week-long special sacred Hindu festival, Sital Sasthi is being celebrated in Odisha.
- The festival highlights the marriage of Lord Shiva and Goddess Parvati.
- According to the Hindu calendar, Sital Sasthi is observed on the 6th day of the Jyestha month during the Shukla Paksha.
- After a gap of two years, In 2022, an assembly of more than 6,000 artists across Odisha as well as other states are likely to perform at the cultural extravaganza.
- Events like folk music, dance, and other such festivities form the chief attraction of this carnival.
About the Festival :
- Sital Sasthi is a celebration wherein Lord Shiva and Goddess Parvati are adopted by two families, and their wedding is solemnized with the involvement of rituals.
- People observing this festival believe that Lord Shiva represents the scorching heat of summer while Goddess Parvati signifies the first rain.
- So, this holy and lavish wedding is observed for a good monsoon.
About Odisha :
- Chief minister: Naveen Patnaik
- Governor: Ganeshi Lal
- Capital: Bhubaneswar
AP CM Jagan Launches YSR Yantra Seva Scheme & flags of the state-level distribution of tractors
- Andhra Pradesh Chief Minister YS Jagan Mohan Reddy launched YSR Yantra Seva Scheme and flagged off the mega distribution of tractors and combine harvesters at Chuttugunta Centre in the Guntur district of Andhra Pradesh.
- Minister Thaneti Vanita, Peddireddy Ramachandra Reddy, Ambati Rambabu, and other officials were present at the events.
- A total of 3,800 tractors along with 1,140 other farm machinery have been distributed at Rythu Bharosa Kendras (RBKs) level – Custom Hiring Centers (CHCs).
- A subsidy of Rs 175.61 Crore was also deposited in 5,262 farmer group bank accounts.
- In that, the government is providing a 40 percent subsidy and providing loans for 50 percent of the machinery cost, and the remaining 10 percent can be paid by the farmer’s group.
- The 10,750 RBKs were brought to assist the farmer fraternity from seed to sale, and farm equipment like tractors, and harvesters were also made available.
- Also 10,750 YSR Yantra Seva Centres will be set up at each RBK level at Rs 2,016 crore and 1,615 harvesters will be made available at the cluster level where the paddy cultivation will be high.
- Meanwhile, the Chief Minister also inaugurated the Jindal Waste to Energy Plant in Kondaveedu of Palnadu district and unveiled the pylon installed at the plant.
- Further, he unveiled a pylon of Jagananna Haritha Nagaralu in Kondaveedu.
About AP :
- CM : Y. S. Jaganmohan Reddy
- Governor : Biswabhusan Harichandan
- Capital: Amaravati
CURRENT AFFAIRS: BANKING & FINANCE
World Bank lowers India’s GDP growth to 7.5% for FY 23
- The World Bank In its latest Global Economic Prospects report, lowered its 2022-23 (FY23) real gross domestic product (GDP) growth forecast for India to 7.5 percent, from 8 percent, on the back of inflationary pressures, supply-chain pressures, and geopolitical tensions due to Russia’s invasion of Ukraine.
- This is the second time the World Bank has revised its GDP growth forecast for India in FY23.
- Earlier in April 2022, WB had trimmed the forecast from 8.7 percent to 8 percent.
- The World Bank also lowered its global growth forecast for the calendar year 2022 to 2.9 percent from 4.1 percent.
- Further, the Growth is expected to slow to 7.1 percent in 2023-24.
- For FY25, GDP growth has been pegged at 6.5 percent.
- A rise in prices across all items from fuel to vegetables and cooking oil pushed WPI or wholesale price-based inflation to a record high of 15.08 percent in April and retail inflation to a nearly eight-year high of 7.79 percent.
Other global rating agencies Projections :
- In May 2022, Moody’s Investors Service trimmed the GDP projection to 8.8 percent for the calendar year 2022 from 9.1 percent earlier, citing high inflation.
- S&P Global Ratings too had cut India’s growth projection for 2022-23 to 7.3 percent, from 7.8 percent earlier, on rising inflation and longer-than-expected Russia-Ukraine conflict.
- In March 2022, Fitch had cut India’s growth forecast to 8.5 percent, from 10.3 percent, while IMF had lowered the projection to 8.2 percent from 9 percent.
- Asian Development Bank (ADB) has pegged India’s growth at 7.5 percent, while RBI in April cut the forecast to 7.2 percent from 7.8 percent
About World Bank :
- Established: July 1944
- Headquarters: Washington, D.C., U.S
- President : President: David Malpass
Axis Bank and Indian Oil launches co-branded RuPay Contactless credit card
- Axis Bank and Indian Oil Corporation Limited (IOCL) in partnership with National Payments Corporation of India (NPCI), have announced the launch of a co-branded contactless INDIAN OIL AXIS BANK RuPay Credit Card.
Aim :
- To offer innovative as well as customized benefits on the card backed by cutting-edge technology to provide a safe and rewarding experience to millions of customers.
About INDIAN OIL AXIS BANK RuPay Credit Card :
- Users of this card will receive a 100 percent cashback of up to Rs 250 as an onboarding reward on all fuel purchases made within the first 30 days of the card.
- It provides a surcharge waiver of 1 percent on fuel spent between INR 200 to INR 5000 and reward points worth 4 percent for every Rs 100 spent on fuel at Indian Oil fuel outlets.
- Also, this card users will be eligible to receive a
- 10 percent instant discount on movie tickets purchased through the BookMyShow website or app
- 20 percent discount at partner restaurants,
- 1 percent reward points for every Rs 100 spent on online shopping, groceries, and utility payments, as well as 1 reward point for every Rs100, spent on all other expenses.
- An annual fee waiver is also attainable if the cardholder spends more than Rs 50,000 in a year.
- The card also offers customers loyalty points in the form of 1 EDGE REWARD point on every ₹100 spent with the card.
About Axis Bank Limited :
- Founded : 3 December 1993
- Headquarters: Mumbai, Maharashtra, India
- MD & CEO: Amitabh Chaudhry
- Axis Bank Limited, formerly known as UTI Bank
About IOCL :
- Founded: 30 June 1959
- Headquarters: New Delhi, India
- Chairman : Shrikant Madhav Vaidya
- IOCL is an Indian government-owned oil and gas explorer and producer.
- It is under the ownership of the Ministry of Petroleum and Natural Gas, GoI.
Tamilnad Mercantile Bank Gets approval from Sebi To Float IPO
- Private sector lender Tamilnad Mercantile Bank (TMB) has received capital markets regulator Securities and Exchange Board of India’s (SEBI) nod to launch and raise funds through an initial public offering (IPO).
- According to the Draft Red Herring Prospectus (DRHP), The public issue comprises a fresh issue of 1,58,27,495 equity shares and an Offer For Sale (OFS) of up to 12,505 equity shares by shareholders.
- The OFS consists of the sale of equity shares by D Prem Palanivel, Priya Rajan, Prabhakar Mahadeo Bobde, Narasimhan Krishnamurthy, M Malliga Rani, and Subramanian Venkiteshwaran Iyer.
- The bank, which filed its preliminary IPO papers with Sebi in September 2021, obtained its observations on May 30, 2022.
About Tamilnad Mercantile Bank Ltd :
- Founded:11 May 1921
- Headquarters: Thoothukudi, Tamil Nadu, India
- MD & CEO: K. V. Rama Moorthy
- It offers a wide range of banking and financial services primarily to Micro, Small, and Medium Enterprises (MSME), agricultural and retail customers.
IRDAI eases capital norms for insurers to offer PMJJBY
- The Insurance Regulatory and Development Authority of India (Irdai) has reduced the capital required by insurance companies offering policies under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) by almost 50 percent.
- It will enable life insurers to offer more policies under the scheme, and provide financial security through life insurance.
- Recently, the government has hiked the premium rates for the two flagship schemes – PMJJBY and Pradhan Mantri Suraksha Bima Yojana (PMSBY) to make these schemes economically viable
- The easing of capital requirements by Irdai will accelerate the penetration of life insurance in India and will support the life insurers in achieving the target set by the government.
- The premium for PMJJBY would increase from Rs 330 to Rs 436 a year effective June 1, and the PMSBY premium would rise from Rs 12 to Rs 20.
- The premium rate of PMJJBY has been revised upward to Rs 1.25 per day.
About PMJJBY:
- PMJJBY provides life insurance cover worth Rs 2 lakh to all account holders aged 18-50 years.
- According to government data, the number of active subscribers enrolled under PMJJBY as of March 31, 2022, is 64 million.
- The claims ratio (percentage of the number of claims paid to the premium earned) for PMJJBY was 145.24 percent as of March 31, 2022.
- Under the PMJJBY as of March 31, 2022, some Rs 9,737 crore has been collected by the implementing insurers towards premium, and claims of Rs 14,144 crore have been paid.
About IRDAI :
- Established: 1999
- Headquarters: Hyderabad, Telangana
- Chairperson: Debasish Panda
- IRDAI is a 10-member body including the chairman, five full-time and four part-time members appointed by the GoI.
- IRDAI is a regulatory body under the jurisdiction of the Ministry of Finance & is tasked with regulating and licensing the insurance and reinsurance industries in India.
SBI Foundation partners with Khan Academy to launch UpSchool
- SBI Foundation has launched UpSchool, a digital learning program for students from classes 1 to 10 in partnership with Khan Academy, an educational nonprofit in India.
- This program will be available in English, Hindi, and Kannada languages.
Aim :
- To reduce learning gaps and build a solid foundation in math and reading for their current academic year.
About the Program :
- Students or their parents can register for the program for free by visiting learn.khanacademy.org/upschool and will receive learning links on WhatsApp for 4-6 weeks.
- The program focuses on revising important concepts from the previous year in Math and language comprehension, helping them narrow the knowledge gap and build a strong foundation for the new class.
- Recently, SBI Foundation and Khan Academy partnered to localize high-quality math learning content so that students can learn in their preferred language.
- The initiation of this partnership took place in Punjab.
- SBI Foundation funded the localization project for creating new math lessons consisting of videos, articles, and practice exercises in Punjabi aimed at all learners in Punjab’s public schools.
About SBI Foundation :
- Established: 2015
- Headquarters: Mumbai, Maharashtra, India
- President: Lalit Mohan
CURRENT AFFAIRS: BUSINESS NEWS
PMBI and PMBJP have for the first time crossed Rs. 100 Crore sales:
- Pharmaceuticals and Medical Devices Bureau of India (PMBI), the implementing agency of Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) has for the first time crossed 100 crore rupees sales in May.
- The government has set a target to increase the number of Jan Aushadhi Kendras to 10,000 by March 2024 with a vision to provide quality medicines at an affordable rate for the common man, especially the poor.
- More than 15,000 crore rupees have been saved by the general public under this Pariyojana in the last five years.
- Under the PMBJP, 739 districts of the country have been covered.
- PMBI is committed to ensuring the uninterrupted availability of essential medicines at the PMBJKs.
- In its journey of the last eight years, starting from the annual turnover of eight crore rupees in the year 2014-15, PMBI has clocked its highest monthly sales turnover of 100 crore rupees this month.
- The scheme provides for incentives of five lakh rupees and special incentives of up to two lakh rupees for various categories including women, SC/ST, Hill districts, Island districts, and the North-Eastern States.
- Accordingly, PMBI has strengthened the supply chain system by setting up four warehouses at Gurugram, Chennai, Guwahati, and Surat.
CURRENT AFFAIRS: SCIENCE & TECHNOLOGY
U.S., and South Korea fire missiles to sea, matching North Korea’s launches
- The United States and South Korean militaries launched 8 ballistic missiles into the sea in a show of force matching a North Korean missile display.
- The allies’ live-fire exercise involved eight Army Tactical Missile System missiles, one American and seven South Korean that were fired into South Korea’s eastern waters over 10 minutes.
- The South’s military detected North Korea firing eight short-range missiles over 35 minutes from at least four different locations, including western and eastern coastal areas and two inland areas north of and near the capital, Pyongyang, North Korea.
- It was North Korea’s 18th round of missile tests in 2022 alone & the country’s first launch of intercontinental ballistic missiles in nearly five years.
- U.S. and South Korean forces conducted a similar live-fire drill involving an Inter Continental Ballistic Missile (ICBM) flown on a medium-range trajectory and two short-range weapons.
About South Korea :
- President: Yoon Seok-youl
- Prime minister: Han Duck-soo
- Capital: Seoul
- Currency: South Korean won
CURRENT AFFAIRS: RANKING & INDEX
Elon Musk Tops in Forbes Real-Time Billionaires List
- According to Forbes real-time billionaires list, Tesla and SpaceX CEO Elon Musk continues to be the richest person in the world with a net worth of $233.7 billion.
Top 5 in Forbes Real-Time Billionaires List:
| Rank | Name | Net Worth | Country |
| 1 | Elon Musk | $233.7 billion | United States |
| 2 | Bernard Arnault | $157 billion | France |
| 3 | Jeff Bezos | $151.2 billion | United States |
| 4 | Bill Gates | $129.1 billion | United States |
| 5 | Warren Buffett | $113.9 billion | United States |
- As per the list, Mukesh Ambani has ranked 6th position with a net worth of $104.7 billion & meanwhile, Gautam Adani, is the 9th largest richest man in the world with a total net worth of $99.9 billion.
- Google’s Larry Page is the world’s 7th richest person with his wealth summing up to $100.9 billion, while Larry Ellison, co-founder of Oracle, is in the 8th spot with a net worth of $100.8 billion.
- Google’s Sergey Brin is the 10th world’s richest person with a net worth of $97.1 billion.
Note :
- Only 2 Indians are there on the Forbes real-time billionaire list – Reliance Industries chairman and managing director Mukesh Ambani and Adani Group’s chairman Gautam Adani.
Union Health Minister Dr. Mansukh Mandaviya releases the 4th State Food Safety Index 2021-22
- On the occasion of World Food Safety Day, Union Health Minister Mansukh Mandaviya released the 4th State Food Safety Index (SFSI) by FSSAI to measure the performance of States across five parameters of food safety and felicitated the winning State/UTs based on the ranking for the year 2021-22.
- Among large States, Tamil Nadu topped the list followed by Gujarat & Maharashtra.
- Among the smaller states, Goa stood first followed by Manipur and Sikkim.
- Among UTs, Jammu & Kashmir, Delhi and Chandigarh secured first, second and third rank
- Mandaviya further launched various innovative initiatives by FSSAI including the Eat Right Research Awards and Grants – Phase II. Eat Right Creativity Challenge – Phase III, a competition at the school level
- He released a logo for AyurvedaAahar which contains the initials of Ayurveda and Ahara with 5 leaves symbolizing five elements of nature.
- This logo would be beneficial in creating a unique identity, easy identification, and proven benefits to improve health and wellbeing.
- He released various ebooks that advocate and capture innovative recipes about oil-free cooking and sugarless desserts.
- He launched various resource books including Khadyanjali, a quarterly magazine published by the Rajbhasha Division of FSSAI; Guidance Document on Food-Borne Disease Outbreak Investigation and Microbiological Process Control, Sampling and Testing of Fish and Fishery Products, etc.
- He also felicitated 11 winning smart cities of the EatSmart Cities Challenge, launched by FSSAI last year in association with the Smart Cities Mission under the aegis of the Ministry of Housing and Urban Affairs (MoHUA).
About State Food Safety Index (SFSI) :
- SFSI was started in 2018-19.
Aim :
- To create a competitive and positive change in the food safety ecosystem in the country.
- The index will help in providing safe and nutritious food to our citizens.
- The index is developed by FSSAI (Food Safety and Standards Authority of India) to measure the performance of states on five significant parameters of Food Safety.
5 Parameter :
- Human Resources and Institutional Data
- Compliance
- Food Testing – Infrastructure and Surveillance
- Training & Capacity Building
- Consumer Empowerment.
- The Index is a dynamic quantitative and qualitative benchmarking model that provides an objective framework for evaluating food safety across all States/UTs.
Note :
- World Food Safety Day 2022, is observed on June 7 every year.
IIM Ahmedabad launches India’s First Agri Land Price Index
- The Indian Institute of Management Ahmedabad (IIMA) in collaboration with Indian agri-land marketplace SFarmsIndia has launched the IIMA-SFarmsIndia Agri Land Price Index (ISALPI), a first-of-its-kind land price index that will record and present ‘quality controlled’ data of prices of agricultural land across India.
- Presently, ISALPI is based on land listing data from six states: Andhra Pradesh, Karnataka, Maharashtra, Tamil Nadu, Telangana, and Uttar Pradesh.
- The index could be more valuable in two ways.
- It will offer a superior representation of the national context.
- It will offer a more granular index at regional levels.
Benefits of the Index :
- The index can greatly benefit stakeholders across the spectrum including policymakers, local governments, environmentalists, investors, real estate developers, and financiers.
- It is particularly important in terms of benchmarking land prices in rural and semi-urban areas.
- Investors could use this information to assess the historical risk and return in the past and predict these metrics for the future to decide on their investment positions.
- Fund managers and producers could use this information to broadly benchmark their performance.
- Financiers and insurers could use this information to assess the risk in the company related to the asset class reflected in the index.
- Researchers could use this information to study how economic events and factors are associated with price movements in a specific asset class.
Additional Info :
- Out of 200 million hectares, India houses just 2% of the world’s cropped land; but feeds over 15% of the world’s population.
About SFarms India :
- Established: 2018
- Headquarters: Hyderabad, Telangana
- CEO: Kamesh Mupparaju
- SFarmsIndia has a strong focus on data warehousing and mining aimed at bringing cutting-edge agri-realty domain-specific AI capabilities to the market.
CURRENT AFFAIRS: MOUS AND AGREEMENT
Blue Dart signs UNFCCC Climate Neutral Now pledge:
- Logistics services provider Blue Dart has signed the “Climate Neutral Now (CNN)” pledge by the United Nations Framework Convention on Climate Change (UNFCCC).
- The Climate Neutral Now Initiative encourages and supports interested stakeholders to act now to achieve a climate-neutral world by 2050, as per the Paris Agreement.
- The initiative is a tool to promote voluntary action on climate change, Blue Dart, which is a part of the Deutsche Post DHL (DPDHL) Group.
Key Points:
- The pledge highlights the organization’s commitment to ambitious carbon emission reduction targets
- The Group has adopted a package of measures worth up to 7-billion Euros to reduce its greenhouse gas emissions by 2030 in line with the Paris Climate Agreement, primarily to expand the use of sustainable technologies and fuels in its fleets and buildings.
- Its long-term goal is to reduce greenhouse gas (GHG) emissions to net-zero by 2050.
CURRENT AFFAIRS: SPORTS NEWS
India Beat Poland 6-4 to Clinch Inaugural FIH Hockey 5s Title:
- India beat Poland 6-4 in the final to clinch the inaugural FIH Hockey 5s championship in Lausanne in Switzerland.
- India, who had topped the five-team league standings with three wins and one draw en route final, ended their campaign with an unbeaten record.
- India had beaten Poland, who had finished second with two wins and as many losses, 6-2 in their round-robin league match three and half hours earlier
- Earlier, India first outplayed Malaysia 7-3, pumping in four goals in the second half in a stunning show before beating Poland 6-2 in the second match of the day.
- India had topped the five-team standings after the round-robin league stage with 10 points from three wins and one draw.
- India had beaten hosts Switzerland 4-3 and drawn with arch-rivals Pakistan 2-2.
FIH World Ranking: Women’s hockey team climbs to 6th position:
- The Indian Women’s Hockey team climbed to the sixth position in the FIH World Hockey Rankings, achieving their best-ever ranking.
- With 2029.396 points, the Indian Women’s Hockey Team is now placed in the World Rankings above Spain.
- Spain dropped one place after losing both their FIH Hockey Pro League 2021-22 matches to Argentina.
- They have also lost one match each to Belgium and England.
About Ranking:
- With 2029.396 points, the Indian women’s hockey team is now placed sixth behind the Netherlands (3049.495), Argentina (2674.837), Australia (2440.750), England (2204.590), and Germany (2201.085).
- Spain is seventh with a rating of 2016.149.
- The Indian women’s hockey team currently sits in the third position in the FIH Hockey Pro League 2021-22 table with 22 points from 8 games.
- Australia retained the top spot in the men’s rankings with 2842.258 points, with World and Olympic champions Belgium snapping at their heels with 2764.735 points.
Para-canoeist Prachi Yadav bags bronze in Paracanoe World Cup in Poland:
- Paralympian Prachi Yadav made history for India by becoming the first canoeist from the country to win a World Cup medal when she bagged a bronze in the VL2 Women’s 200m in the Paracanoe World Cup held in Poznan, Poland.
- Prachi, the para-canoeist from Gwalior in Madhya Pradesh who is the first Indian to qualify for and reach the final in the Paralympic Games in Tokyo last year, finished third in the VL2 Women’s 200m in 1:04.71 to finish behind Tokyo 2020 silver medallist Susan Seipel of Australia and Brianna Hennessy of Canada, who bagged gold and silver respectively.
- It was marked by the best performance by Manish Kaurav in KL3 Men 200m and Manjeet Singh in VL2 Men 200m by reaching the finals for the first time in the history of the sport in India.
Shreyas G Hosur became 1st Indian Railways officer to complete the grueling ‘Ironman’ Triathlon:
- Shreyas G Hosur after he created history by becoming the first officer from the Indian Railways to complete the ‘Ironman Triathlon’ – considered to be the toughest single-day sports event in the world.
- The event includes a 8 km swim, 180 km cycling, and 42.2 km running.
- Hosur completed the event – held in Germany’s Hamburg in 13 hours and 26 minutes.
About Shreyas G. Hosur:
- Shreyas G. Hosur is the first officer from the non-uniformed Civil Services to complete the event, making this a proud moment for the Railways.
- Shreyas G. Hosur is an Indian Railway Accounts Service (IRAS) officer of the 2012 Batch.
- He is returned from deputation to National Technical Research Organization (NTRO), Delhi, and is currently serving as Dy. FA&CAO in Construction/SWR.
CURRENT AFFAIRS: OBITUARIES
Sony ex-CEO Nobuyuki Idei passes away:
- Nobuyuki Idei, who led Japan’s Sony from 1998 through 2005, steering its growth in the digital and entertainment businesses, has died.
- He was 84.
About Idei:
- Idei joined Sony in 1960, after graduating from Tokyo’s prestigious Waseda University, and worked in its audio and video divisions.
- He was appointed president in 1995 and is credited with being behind hit products such as the Vaio laptop.
- He became chief executive three years later, hand-picked by Norio Ohga, who led Sony in the 1980s and 1990s and was a flamboyant music lover who played a key role in the company’s development of the compact disc.
- After he retired from Sony, Idei established the consulting company Quantum Leaps Corp. focused on reshaping companies and nurturing the next generation of leaders.
Daily CA on June 10 :
- International Sex Workers Day is observed on 2 June every year across the world.
- The National Health Authority (NHA) announced the release of its newly revamped public under its flagship scheme of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) dashboard that provides a granular view of the PM-JAY scheme implementation data comprehensively.
- Prime Minister Shri Narendra Modi has launched a special series of coins that are also ‘visually impaired friendly’.
- The government has hiked the insurance premium rates for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY).
- PM Shri Narendra Modi has inaugurated the world’s first nano urea liquid plant by Indian Farmers’ Fertilizer Cooperative Limited (IFFCO) at Kalol in
- The Union Cabinet, chaired by Prime Minister Mr. Narendra Modi, has approved the expansion of the mandate of GeM to allow procurement by Cooperatives as buyers on GeM.
- Power giant NTPC has come out with its “biodiversity policy 2022” for the conservation and restoration of a balanced ecosystem.
- The Supreme Court has ordered that mining within the national parks and wildlife sanctuaries shall not be permitted.
- Pharmaceuticals and Medical Devices Bureau of India (PMBI), the implementing agency of Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) has for the first time crossed 100 crore rupees sales in May.
- A week-long special sacred Hindu festival, Sital Sasthi is being celebrated in Odisha.
- Andhra Pradesh Chief Minister YS Jagan Mohan Reddy launched YSR Yantra Seva Scheme and flagged off the mega distribution of tractors and combine harvesters at Chuttugunta Centre in the Guntur district of Andhra Pradesh.
- The World Bank In its latest Global Economic Prospects report, lowered its 2022-23 (FY23) real gross domestic product (GDP) growth forecast for India to 7.5 percent, from 8 percent, on the back of inflationary pressures, supply-chain pressures, and geopolitical tensions due to Russia’s invasion of Ukraine.
- Axis Bank and Indian Oil Corporation Limited (IOCL) in partnership with National Payments Corporation of India (NPCI), have announced the launch of a co-branded contactless INDIAN OIL AXIS BANK RuPay Credit Card.
- Private sector lender Tamilnad Mercantile Bank (TMB) has received capital markets regulator Securities and Exchange Board of India’s (SEBI) nod to launch and raise funds through an initial public offering (IPO).
- The Insurance Regulatory and Development Authority of India (Irdai) has reduced the capital required by insurance companies offering policies under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) by almost 50 percent.
- SBI Foundation has launched UpSchool, a digital learning program for students from classes 1 to 10 in partnership with Khan Academy, an educational nonprofit in India.
- The United States and South Korean militaries launched 8 ballistic missiles into the sea in a show of force matching a North Korean missile display.
- According to Forbes real-time billionaires list, Tesla and SpaceX CEO Elon Musk continues to be the richest person in the world with a net worth of $233.7 billion.
- On the occasion of World Food Safety Day, Union Health Minister Mansukh Mandaviya released the 4th State Food Safety Index (SFSI) by FSSAI & in that Among large States, Tamil Nadu topped the list followed by Gujarat & Maharashtra.
- The Indian Institute of Management Ahmedabad (IIMA) in collaboration with Indian agri-land marketplace SFarmsIndia has launched the IIMA-SFarmsIndia Agri Land Price Index (ISALPI), a first-of-its-kind land price index that will record and present ‘quality controlled’ data of prices of agricultural land across India.
- Logistics services provider Blue Dart has signed the “Climate Neutral Now (CNN)” pledge by the United Nations Framework Convention on Climate Change (UNFCCC).
- India beat Poland 6-4 in the final to clinch the inaugural FIH Hockey 5s championship in Lausanne in Switzerland.
- Paralympian Prachi Yadav made history for India by becoming the first canoeist from the country to win a World Cup medal when she bagged a bronze in the VL2 Women’s 200m in the Paracanoe World Cup held in Poznan, Poland.
- Shreyas G Hosur after he created history by becoming the first officer from the Indian Railways to complete the ‘Ironman Triathlon’ – considered to be the toughest single-day sports event in the world.
- Nobuyuki Idei, who led Japan’s Sony from 1998 through 2005, steering its growth in the digital and entertainment businesses, has died.