3. CAG Girish Chandra Murmu re-elected External Auditor of WHO for 4 year term
The Comptroller and Auditor General of India, Girish Chandra Murmu has been re-elected as the External Auditor of the World Health Organisation (WHO) for a four-year term from 2024 to 2027. The CAG is already holding this position in the WHO since 2019 for a four-year term from 2019 to 2023. The election was held yesterday in the Seventy-sixth World Health Assembly in Geneva. The CAG was re-elected, with an overwhelming majority of 114 out of 156 votes in the first round of voting.
Important takeaways for all competitive exams:
- World Health Organization Director-General: Dr Tedros Adhanom Ghebreyesus;
- World Health Organization Headquarters: Geneva, Switzerland;
- World Health Organization Founded: 7 April 1948.
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4. India’s GDP Growth Projected at 7.1% in FY23: SBI Ecowrap Report
The latest report by SBI Ecowrap indicates that India’s GDP (gross domestic product) is expected to grow at a rate of 7.1% in FY23, aligning with the second advance estimates released by the National Statistical Office (NSO) in February. This projection is in line with the Reserve Bank of India’s (RBI) recent statement suggesting that GDP growth for FY23 could surpass the 7% estimate. The report also provides insights into the anticipated growth for Q4 FY23 and FY24, as well as global economic trends and India’s domestic business performance.
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5. Indian Bank Joins ICCL as Clearing and Settlement Bank
Indian Bank announced that it has been selected as a Clearing and Settlement Bank by the Indian Clearing Corporation Ltd (ICCL). As a result, this public sector bank is now authorized to provide banking services to members of the Bombay Stock Exchange (BSE) for clearing and settlement operations.
Important Takeaways For All Competitive Exams
- MD and CEO of Indian Bank: Shri Shanti Lal Jain;
- Executive Director of Indian Bank: Mahesh Kumar Bajaj;
- Headquarter of Indian Bank: Chennai, Tamil Nadu.
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6. Govt Approves Digital Communication Framework Between Banks and CEIB
The government has approved a new digital reporting and communication system to address loan defaults exceeding Rs 50 crore. Instead of relying on paper-based communication, the Union government has introduced a digital mechanism. Under this system, the Central Economic Intelligence Bureau (CEIB) will send digital reports to public sector banks within 15 days of a loan request at the pre-approval stage.
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7. RBI Imposes Rs 84.50 Lakh Penalty on Central Bank of India for Non-Compliance with Fraud Reporting Norms
The Reserve Bank of India (RBI) has announced a penalty of Rs 84.50 lakh on Central Bank of India for its failure to comply with certain provisions related to fraud classification and reporting. The penalty was imposed after a statutory inspection revealed the bank’s non-compliance with reporting fraudulent accounts within the specified timeframe. Additionally, the bank had also charged customers flat SMS alert fees instead of basing charges on actual usage.
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8. Conclusion of the Second G20 Anti-Corruption Working Group Meeting in Rishikesh, India
The Second G20 Anti-corruption Working Group Meeting, held from May 25 to May 27 in Rishikesh, Uttarakhand, concluded with productive discussions and key agreements. The meeting witnessed the participation of delegates from 20 member countries, 10 invitee countries, and 9 international organizations. Chaired by Mr. Rahul Singh, Additional Secretary, DoPT & Chair, G20 ACWG, the meeting focused on various crucial areas, including asset recovery, fugitive economic offenders, information sharing, institutional frameworks, and mutual legal assistance.
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9. Income Proof Now Mandatory for Rs 10 Lakh Investments in Small Savings Schemes
Relatively high interest rates and minimal credit risk have made small savings schemes increasingly appealing to investors. However, in an effort to prevent money laundering and terrorist financing activities, the Indian government has implemented new regulations requiring individuals investing Rs 10 lakh or more in these schemes to provide income proof.
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10. Telangana Achieves 100% Coverage of PMJDY: A Step Towards Financial Inclusion
Telangana State has achieved a significant milestone in financial inclusion by attaining 100% coverage of the Pradhan Mantri Jan Dhan Yojana (PMJDY). Since the launch of this national mission, the state has made remarkable progress in extending banking services to all sections of the population. This article explores the achievements of PMJDY in Telangana, highlighting its objectives and the steps taken to promote digital banking and financial empowerment.
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11. Mukesh Ambani Joins COP28 Advisory Committee to Address Climate Crisis
Renowned Indian business tycoon Mukesh Ambani, Chairman and CEO of Reliance Industries, has been appointed to the Advisory Committee to the President of the Conference of the Parties (COP28) of the United Nations Framework Convention on Climate Change (UNFCCC). Alongside esteemed global leaders, Ambani will play a crucial role in shaping the agenda and providing guidance in addressing the urgent climate crisis.
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12. ISRO’s GSLV-F12 Successfully Places Navigation Satellite NVS-01
The Indian Space Research Organisation (ISRO) achieved yet another milestone as its geosynchronous satellite launch vehicle (GSLV) rocket, GSLV-F12, successfully placed the navigation satellite NVS-01 into orbit. This launch aims to enhance the continuity of Navigation with Indian Constellation (NavIC) services, providing accurate and real-time navigation in India and its surrounding region. Let’s delve deeper into this significant achievement.
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13. XPoSat, India’s first polarimetry mission
The Indian Space Research Organisation is collaborating with the Raman Research Institute (RRI), Bengaluru, an autonomous research institute, to build the X-Ray Polarimeter Satellite (XPoSat) that is scheduled to be launched later this year. Recently, ISRO chairman S Somanath urged Indian scientific institutions to identify talented students and take steps to motivate them in effectively using the data emerging from science-based space missions. He mentioned the XPoSat in this regard.
Important takeaways for all competitive exams:Â
- ISRO Founder:Â Vikram Sarabhai;
- ISRO Headquarters:Â Bengaluru;
- ISRO Founded:Â 15 August 1969;
- ISRO Chairman: S. Somanath.
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14. Department of Animal Husbandry and Fisheries, Chandigarh Awarded Skoch SILVER Award 2023
The Department of Animal Husbandry and Fisheries, Chandigarh got Skoch SILVER Award 2023 for e-Governance for computerisation of medical records of livestock being treated by the department. This is the first of its kind project in the country. Giving more details, Secretary Animal Husbandry and Fisheries Vinod P Kavle said that this web-based application software caters to five Government Veterinary Hospitals and nine Veterinary Sub-centres of the Animal Husbandry Department, Chandigarh.
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15. IPL 2023 final: Chennai Super Kings Beats Gujarat Titians
Chennai Super Kings (CSK) clinched their fifth Indian Premier League (IPL) title, equaling a record with Mumbai Indians. They secured a five-wicket victory over the Gujarat Titans (GT) amidst a backdrop of fireworks and jubilant celebrations. CSK’s captain, Dhoni, received the IPL trophy and subsequently handed it over to Rayudu and Jadeja. Opting to bat first, the Gujarat Titans managed to score 214 for four, with B Sai Sudharsan playing an outstanding innings of 96 runs off 47 balls. However, due to the rain interruption, CSK’s target was adjusted to 171 runs to be chased in 15 overs.
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16. World Vape Day 2023 celebrates on 30th May
World Vape Day is an annual event that is celebrated on May 30th. The day is dedicated to raising awareness about the potential benefits of vaping as a harm reduction tool for smokers. Vaping is the act of inhaling an aerosol that is produced by heating a liquid that contains nicotine. The liquid can also contain flavorings and other additives. Vaping is often seen as a safer alternative to smoking cigarettes, as it does not produce the same harmful chemicals that are found in tobacco smoke.
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