Daily Current Affairs June 24

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs June 24. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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June 24| Daily Current Affairs 2022

Banking and Finance – Daily Current Affairs June 24

1. World Bank approvedhow million US dollar for MA North-East Economic Development Project?
A) 250
B) 300
C) 562
D) 350
E) 245
Answer: A) 250

• The World Bank Board of Executive Directors approved USD 250 million for the MA North-East Economic Development Project.
• This funding will help to improve transport connectivity and enable private sector growth in North-East Morocco, notably around the development of the Nador West Med (NWM) maritime complex.

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2. World Bank approvedhow million US dollarfunding for 3 projects in India?
A) 250
B) 300
C) 562
D) 350
E) 245
Answer: C) 562

• World Bank has approved three loans totalling USD 562 million (about Rs 4,393.70 crore) to fund an education project in Gujarat, a social protection programme in Tamil Nadu and a project to help recovery in the fisheries sector post the pandemic, the multilateral funding agency.
• The financing towards GOAL will benefit an additional 3,000 schools that have been disproportionately affected by the Covid-19 pandemic.

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3. World Bank Providedhow million US dollarto help Indian Railways Carry More Freight, Reduce GHG Emissions?
A) 250
B) 300
C) 562
D) 350
E) 245
Answer: E) 245

• The World Bank’s Board of Executive Directors approved a $245 million loan to support India’s efforts to modernize rail freight and logistics infrastructure.
• The Rail Logistics project will help India shift more traffic from road to rail, making transport—both freight and passenger—more efficient and, reduce millions of tons of greenhouse gas emissions (GHG) each year.
• The project will also incentivize more private sector investment in the railway sector.
• Indian Railways (IR) is the fourth-largest rail network in the world having transported 1.2 billion tonne of freight in the fiscal year ending March 2020.
• Yet, 71 percent of India’s freight is transported by road, and only 17 percent by rail.

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4. Which of the following bank modified fixed deposits interest rates?
A) Indian Bank
B) Bank of India
C) Indian Overseas Bank
D) Canara Bank
E) State Bank of India
Answer: B) Bank of India

• Interest rates on fixed deposits below ₹2 crore have been revised by the public sector lender Bank of India (BOI).
• The bank issued this notification on June 23, 2022, and as a result of the modification, BOI is now providing an interest rate on deposits ranging from seven days to ten years of 2.85 per cent to 5.35 per cent.
• The bank is now offering an interest rate of 2.85 per cent on fixed deposits maturing in 7 days to 45 days, while the BOI will also give an interest rate of 3.85 per cent on deposits maturing in 46 days to 179 days.
• BOI will give interest rates of 4.35 per cent on deposits maturing in 180 days or less to one year and 5.30 per cent on deposits maturing in one year to 443 days.
• A new 444-day term with a maximum interest rate of 5.50 per cent has been launched by the bank.
• Meanwhile, BOI is now offering interest rates of 5.40 per cent and 5.35 per cent, respectively, for term deposits of 445 days to three years and three years to ten years.

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Business and Economy – Daily Current Affairs June 24

5. ESIC scheme addedhow many lakh new members in April?
A) 12.86
B) 12.68
C) 12.76
D) 12.67
E) 12.66
Answer: D) 12.67

• Around 12.67 lakh new members joined the ESIC-run social security scheme in April 2022, according to official data.
• The latest data is part of a report — Payroll Reporting in India: An Employment Perspective – April 2022 — released by the National Statistical Office (NSO).
• It showed that the gross new enrolments with Employees’ State Insurance Corporation (ESIC) rose to 1.49 crore in 2021-22 from 1.15 crore in 2020-21.
• It was 1.51 crore in 2019-20 and 1.49 crore in 2018-19.
• From September 2017 to March 2018, around 83.35 lakh new subscribers joined the ESIC scheme.
• The report said gross new enrolments with ESIC from September 2017 to April 2022 were 6.61 crores.
• The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, the Employees’ Provident Fund Organisation (EPFO), and the Pension Fund Regulatory and Development Authority (PFRDA).
• According to the report, net new enrolments with retirement fund body EPFO stood at 17.07 lakh in April 2022.
• It showed that from September 2017 to April 2022, around 5.37 crore (gross) new subscribers joined the Employees’ Provident Fund scheme.

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6. Annapurna Finance raisedhow many million US dollar from Proparco?
A) 15
B) 55
C) 75
D) 45
E) 25
Answer: A) 15

• Bhubaneswar-based NBFC-MFI Annapurna Finance has raised funds worth USD 15 million (about Rs 117 crore) from Proparco in Series A2 round.
• Proparco is the private sector financing arm of the French public entity Agence Française de Dévelopement Group (AFD Group).
• The Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI) will use the funds to grow its loan book, invest in technology, expand geographically and further its vision of enabling financial inclusion at scale.

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7. Pine Labs acquires API infra startup firm Setu for how many million US dollar?
A) 15
B) 55
C) 75
D) 45
E) 25
Answer: C) 75

• IPO-bound fintech unicorn Pine Labs has acquired Bengaluru-based Setu, a fintech startup.
• The deal is worth about $70-$75 million.
• This is the third acquisition announced by Pine Labs this year.
• Embedded financial services and open banking are going to be the way forward and the embedded finance market value is expected to exceed $138 billion by 2026 as APIs (application programming interfaces) is intensifying the competitive fintech landscape.

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Appointments – Daily Current Affairs June 24

8. SEBI approvedwho among the following as BSE Chairman?
A) Tapan Kumar Deka
B) VenkatNageswarChalasani
C) SamantGoel
D) R Subramaniakumar
E) SS Mundra
Answer: E) SS Mundra

• The Securities and Exchange Board of India (SEBI) has granted no objection for the appointment of SS Mundra, Public Interest Director as the Chairman of Bombay Stock Exchange.
• Mundra, who retired as Deputy Governor of Reserve Bank of India on July 30, 2017 will replace Justice Vikramajit Sen who is the current chairman.

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9. RBI appointed who among the following in advisory committee of Srei Group?
A) Tapan Kumar Deka
B) VenkatNageswarChalasani
C) SamantGoel
D) R Subramaniakumar
E) SS Mundra
Answer: B) VenkatNageswarChalasani

• The Reserve Bank of India (RBI) appointed former State Bank of India official VenkatNageswarChalasani as a member in the advisory committee of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL).

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10. RBL Bank board approved appointment of who among the following as MD & CEO?
A) Tapan Kumar Deka
B) VenkatNageswarChalasani
C) SamantGoel
D) R Subramaniakumar
E) SS Mundra
Answer: D) R Subramaniakumar

• The board of directors of RBL Bank, in its meeting, approved the appointment of R Subramaniakumaras Managing Director and CEO of the bank.
• The appointment, which is subject to the approval of shareholders of the bank, is for a period of three years with effect from June 23, 2022.

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11. Who among the followingmade Intelligence Bureau chief?
A) Tapan Kumar Deka
B) VenkatNageswarChalasani
C) SamantGoel
D) R Subramaniakumar
E) SS Mundra
Answer: A) Tapan Kumar Deka

• Senior IPS officer Tapan Kumar Deka was appointed Intelligence Bureau chief, replacing Arvind Kumar whose extended tenure ends on June 30.
• Deka, who has been handling the operations wing of the IB, takes over as the new chief for two years, according to an official order issued by the Personnel Ministry.
• He is a 1988 batch officer from the Himachal Pradesh cadre.
• SamantGoel gets another year as R&AW chief.

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12. Who among the followingappointed as NITI Aayog CEO?
A) Tapan Kumar Deka
B) VenkatNageswarChalasani
C) ParameswaranIyer
D) R Subramaniakumar
E) SS Mundra
Answer: C) ParameswaranIyer

• ParameswaranIyer, a retired civil servant who led the Swachh Bharat cleanliness mission, is the new CEO of NITI Aayog.
• Iyer’s tenure will last two years.
• Incumbent CEO Amitabh Kant’s tenure ends on June 30.

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International Affairs – Daily Current Affairs June 24

13. Tata Chemicals Europe opened country’s largest carbon capture plant in which of the following country?
A) USA
B) France
C) Italy
D) Germany
E) UK
Answer: E) UK

• Tata Chemicals Europe officially opened the UK’s first industrial-scale carbon capture and usage plant, a move the Tata Group Company signals a key milestone in the race to meet the UK’s net-zero targets.
• The 20 million pound investment was completed by Northwich-based Tata Chemicals Europe (TCE) in north-west England, one of Europe’s leading producers of sodium carbonate, salt and sodium bicarbonate.
• The company claims it is now able to manufacture one of the lowest carbon footprint sodium bicarbonate and sodium carbonate products in the world, chemicals used to make a wide array of everyday items seen in many households.
• In a “world-first”, carbon dioxide captured from energy generation emissions is being purified to food and pharmaceutical grade and used as a raw material in the manufacture of sodium bicarbonate, which will be known as Ecokarb and has potential life-saving uses.

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14. G20 aimed to collect how many billion US dollar to prevent, prepare for future pandemics?
A) 2.5
B) 1.5
C) 3
D) 2
E) 1
Answer: B) 1.5

• The Group of 20 (G20) expects to collect no less than $1.5 billion by the end of this year to build infrastructure to prevent and prepare for potential pandemics in the future, said Budi GunadiSadikin, Indonesian Health Minister and the current G20 host.
• The commitment to establishing the fund, called the Financial Intermediary Fund (FIF), was agreed upon by the Health Ministers of G20 members, along with the World Bank and the World Health Organisation (WHO), at the first Health Ministerial Meeting (HWG) held on June 20-21 in Indonesia’s Yogyakarta.

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National Affairs – Daily Current Affairs June 24

15. Children of class 1 to 8 in which of the following state/UTgovt schools to get milk twice a week?
A) Odisha
B) Puducherry
C) Kerala
D) Rajasthan
E) New Delhi
Answer: D) Rajasthan

• Milk will now be provided two days a week to children of class 1 to 8 in government schools of Rajasthan.
• The government is hopeful that with this initiative the nutritional level of children, their enrolment and attendance in government schools will increase, according to an official statement.
• Chief Minister Ashok Gehlot had announced in the budget Children from classes 1 to 8 will now get milk two days a week under the ‘MukhyamantriBal Gopal Yojana’.
• It will be implemented in government schools, Madrassas and special training centers associated with the mid-day meal Scheme.
• Additional Chief Secretary (Education) Pawan Kumar Goyal said under the scheme, about 69.21 lakh children studying in government schools would be provided milk prepared from milk powder on Tuesdays and Fridays.
• If these days are holidays, milk will be made available on the next academic day.
• Children of classes 1 to 5 will get 150 ml milk and classes 6 to 8 200 ml.
• Goyal informed that the powder milk will be procured from the Rajasthan Cooperative Dairy Federation.

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16. ‘One Station One Product’ outlet opened at railway station in which of the following state/UT?
A) Odisha
B) Puducherry
C) Kerala
D) Rajasthan
E) New Delhi
Answer: A) Odisha

• Indian Railways in collaboration with Odisha Rural Development & Marketing Society (ORMAS) launched the “One Station One Product” outlet at Cuttack railway station to provide local women artisans of the district opportunities to showcase their crafts.
• The stall will have diversified products of five different producer groups of Cuttack district such as silver filigree, handloom, wooden crafts, spices, products of jute and many more.

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