Latest Current Affairs For Friday 24th June, 2022

Sri Lanka revises Minimum Age for Migrant Domestic Workers

Sri Lanka has decided to revise the Minimum Age for Migrant Domestic Workers to 21 years.

The Cabinet of Ministers has also granted permission to revise the age limit, after considering the recommendations of the Cabinet-appointed Sub-Committee.

For Saudi Arabia the minimum age is 25 years, and for other Middle Eastern Countries is 23 years, and for all other countries is 21 years.

Sri Lanka PM: Ranil Wickremesinghe;

President: Gotabaya Rajapaksa

Assam becomes the 36th State/UT to implement One Nation One Ration Card

Assam has operationalised the Centre's 'One Nation, One Ration Card' programme, with this, it is implemented across the country.

Beneficiaries can get their quota of subsidised foodgrains from any electronic point of sale device (ePoS)-enabled fair price shops.

Beneficiaries can use their existing ration cards with biometric authentication.

The implementation of ONORC was initiated in August 2019.

The government has also rolled out the 'MERA RATION' mobile app.

A book titled ‘Ashtang Yoga’ by Dr Sonu Phogat, released by CM Manohar Lal

Haryana CM, Manohar Lal has released a book titled Ashtang Yoga authored by Dr Sonu Phogat on 8th International Yoga Day.

During the launch he announced that various programmes are being organised in Haryana on IYD.

CM also appreciated the efforts of writer Dr Sonu Phogat, as it is a matter of pride that the book on Yoga was released on International Yoga Day.

International Yoga Day: 21 June

2022 theme: Yoga for Humanity

United Nations Public Service Day: 23 June

UN Public Service Day is observed on June 23 with the aim to appreciate the value of public institutions and public servants.

The 2022 theme: “Building back better from COVID-19: Enhancing innovative partnerships to meet the Sustainable Development Goals.”

The General Assembly selected June 23 as Public Service Day, after adopting a resolution 57/277.

The UN established the UN Public Service Awards programme in 2003, which was later reviewed in 2016.

International Olympic Day: 23rd June

International Olympic Day is observed annually on June 23 across the world to commemorate the birth of modern Olympic games.

The International Olympic Committee (IOC) was founded on 23 June 1894.

The theme for the International Olympic Day 2022 is “Together For A Peaceful World".

A member of the IOC, named Doctor Gruss has submitted a report suggesting at the 41st session of the International Olympic Committee in Stockholm, to celebrate the Olympic Day.

Freo, Equitas Small Finance Bank offer savings account

Freo has launched a digital savings account offering 'Freo Save' in association with Equitas Small Finance Bank.

With this launch, Freo has become the first consumer neobank in the country to provide full-stack neo-banking products.

It includes smart savings account, credit and payments products, cards and wealth-growth products.

The digital savings account has been integrated with Equitas’ infrastructure on the Freo Save App.

Freo Co-Founder: Anuj Kacker

Max Life launches life insurance savings plan with Policybazaar

Max Life Insurance Company Ltd has launched the ‘Max Life Smart Fixed-return Digital Plan’ with Policybazaar.

It is a non-linked, non-participating, individual life insurance savings plan.

This plan helps customers to meet their short-term financial goals.

The plan also offers guaranteed tax-free returns up to 6.14%.

Monthly premiums: ₹3000

Minimum tenure: five years

The plan is also available to purchase on Max Life’s website and Policybazaar.com.

CARD91 announces strategic partnership with YES BANK and RuPay

CARD91 has joined hands with YES BANK and RuPay, to create a card management system that will allow companies to launch a variety of co-branded card instruments.

This will enable CARD91 to expand its presence in the Indian payments market.

CARD91 is a global payment infrastructure powering B2B payments.

It was designed to help businesses launch co-branded cards and simplify payments.

Yes Bank CEO: Prashant Kumar

NPCI MD& CEO:  Dilip Asbe

South Korea launches homegrown Nuri rocket into orbit

South Korea has successfully launched satellites into orbit with its homegrown Nuri rocket.

This is a crucial step for the country's space program expansion after a failed attempt last year.

With this launch, South Korea becomes the 10th country to place a satellite with its own technology.

Nuri is a three-stage rocket, more than 47 meters (154 feet) long and weighing 200 tons.

It was launched from the Naro Space Center.

Development cost: 2 trillion won ($1.5bn)

Indian Navy conducts 38th coordinated patrol with Indonesian Navy

India has conducted 38th edition of the Coordinated Patrol with Indonesian Navy (IND-INDO CORPAT) from 13-24 Jun 22.

INS Karmuk (indigenously built missile corvette) is based at the Andaman and Nicobar Command, along with a Dornier Maritime Patrol Aircraft.

While the Indonesian Navy is being represented by KRI Cut Nyak Dien, a Kapitan Pattimura (PARCHIM I) class corvette.

The closing ceremony is scheduled at Sabang, Indonesia on 23 June 22.

South Indian Bank launches SIB TF Online, EXIM trade portal

South Indian Bank has launched a new portal for its corporate EXIM customers named ‘SIB TF Online’.

This portal provides a platform for trade-related payments to foreign entities remotely.

Through this portal, customer can initiate the payment request on SIB TF Online, after uploading the relevant documents for the transaction.

The bank launch SIB TF Online in phases.

South Indian Bank Headquarters: Thrissur;

CEO: Murali Ramakrishnan

PM Modi inaugurates 'Vanijya Bhawan', new premises of Commerce Ministry

PM Modi has inaugurated the new premises of the Ministry of Commerce and Industry, 'Vanijya Bhawan' in New Delhi.

He has also launched a new portal named NIRYAT (National Import-Export Record for Yearly Analysis of Trade).

The portal was developed as a one stop platform to get all the required information related to India’s foreign trade.

Vanijya Bhawan, will be used by Department of Commerce and Department for Promotion of Industry and Internal Trade DPIIT.

ISRO launches India's Communication satellite 'GSAT-24' from French Guiana

Indian Space Research Organisation (ISRO) has successfully launched India's communication satellite, 'GSAT-24' from Kourou in French Guiana.

It is built by ISRO for NewSpace India Limited (NSIL).

It was launched by French company Arianespace.

It is a 24-Ku band communication satellite, weight 4180 kg, pan-India coverage for meeting DTH application needs.

This is the first demand driven communication satellite mission undertaken by NSIL after space sector reforms.

PM Narendra Modi to be awarded prestigious Lokmanya Tilak Award 2023

The Tilak Smarak Mandir Trust (Hind Swaraj Sangh) would confer the prestigious Lokmanya Tilak National Award 2023 to Prime Minister Narendra Modi in Pune on August 1, 2023.

Reason: This award recognizes PM Modi's supreme leadership under which India has climbed the ladder of progress

It is presented annually on the occasion of Lokmanya Tilak's death anniversary.

Other awardees: Indira Gandhi, Atal Bihari Vajpayee, Sharad Pawar, Cyrus Poonawalla, and Manmohan Singh. 

J&K Bank wins award for Best Performance in CASA

Jammu & Kashmir Bank has been felicitated for the Best Performance in CASA-India (1st Runner up in Small Bank Category) at ICC Emerging Asia Banking Conclave & Awards 2022.

The event was participated by banks from India, Nepal, Bhutan, Bangladesh, Sri Lanka & Myanmar.

The function was organized by the Indian Chamber of Commerce in Goa.

Indian Chamber of Commerce (ICC) is a non-governmental trade association and advocacy group headquartered in Calcutta.

India poised to become world’s 2nd-largest economy by 2075: Goldman Sachs

According to the Investment Bank Goldman Sachs, India is poised to become the world’s second-largest economy by 2075.

As per the report, India would cross Japan, Germany, and the US With a population of 1.4 billion people.

India’s GDP is estimated to expand remarkably, reaching 52.5 trillion dollars surpassing the US GDP projection.

The labour force participation set to make India the second-largest economy in the world by 2075.

L&T and Spain's Navantia sign agreement for submarine project

L&T has signed a teaming agreement with Spanish-based Navantia for the submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.

P75 (India) Submarine Project is expected to be valued at €4.8 billion.

Navantia would carry out the design of P75(I) submarines based on its S80 class of submarines.

The first S80 class submarine was launched in 2021 and is undergoing sea trials prior to its delivery to Spanish Navy. 

India overtakes China as most attractive emerging market for investing

According to a study by Invesco Global Sovereign Asset Management, India has overtaken China to become the most attractive emerging market for investing in sovereign wealth funds this year.

Reason: This is due to its solid demographics, political stability, and proactive regulation. 

Positives for the nation also include the rapidly expanding demography, strong regulatory actions, and a welcoming climate for sovereign investors.

World Population Day 2023: 11 July

World Population Day is observed every year on July 11 in order to raise awareness about global population issues, including population control.

2023 theme: Unleashing the power of gender equality: Uplifting the voices of women and girls to unlock our world’s infinite possibilities. 

It was established by the United Nations Development Programme (UNDP) in 1989, after the day the world approximately reached a population of five billion, which was observed on 11 July 1987.

MoHUA conducts SBM-U 2.0 Planning & Implementation Review-cum-Workshop

The Housing Ministry organized a review-cum-workshop to evaluate and accelerate the planning and implementation of the SBM-Urban 2.0.

PM Modi launched the 2.0 versions of SBM-U and AMRUT on October 1, 2021.

SBM-U 2.0: Achieving 100% waste segregation in all households and premises and 100% door-to-door collection of segregated waste from each. 

AMRUT 2.0: To provide complete coverage of water supply to all households and sewerage and septage in 500 AMRUT cities. 

Gujarat CM launches pilot project of ‘Antyodaya Shramik Suraksha Yojana’

Gujarat CM Bhupendra Patel launched the Antyodaya Shram Suraksha Accident Insurance Scheme from Kheda

All those registered under the e-Shram portal from Nadiad will benefit from the scheme.

It is being implemented through the Indian Postal Department, the IPPB, and the Ministry of Labour and Employment.

Under this scheme, insurance with a premium of Rs. 289 and Rs. 499 per year will be a big support to workers in the event of death or partial disability.

OCA elects Sheikh Talal as the new President

Kuwait’s Sheikh Talal Fahad Al Ahmad Al Sabah has been elected as the new President of the Olympic Council of Asia (OCA).

He replaced his older brother Sheikh Ahmad Al-Fahad Al-Sabah, who led the OCA for 30 years until 2021.

The OCA was founded in 1982 by his father Fahad Al-Ahmed Al-Jaber Al-Sabah, who led it until 1990.

The Olympic Council of Asia (OCA) is a governing body of sports in Asia, currently with 45 member National Olympic Committees.

Bajaj Allianz Life Insurance wins Insurer Innovation Award 2023

Bajaj Allianz Life Insurance has won the Insurer Innovation Award 2023 for the APAC region at the 8th World Digital Insurance Awards, hosted by TDI - The Digital Insurer.

Recognition: Bajaj Allianz Life's ground-breaking WhatsApp Conversational Platform - empowering customers to digitally services their policies seamlessly. 

The award entries were shortlisted by industry experts and the winner was selected by the community through pre-voting and live event voting.