Daily Current Affairs June 26

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 26. 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.

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June 26| Daily Current Affairs 2022

Important Days – Daily Current Affairs June 26

1. International Day against Drug Abuse and Illicit Trafficking is observed on?
A) June 27
B) June 24
C) June 26
D) June 23
E) June 25
Answer: C) June 26

• In order to create awarness about the serious impact of drug abuse and to seek international support to fight it out, June 26, every year is celebrated as the International Day against Drug Abuse and Illicit Trafficking or World Drug Day.
• On December 7, 1987, the the United Nations General Assembly decided to observe June 26 as the International Day against Drug Abuse and Illicit Trafficking.

Theme:

• “Addressing drug challenges in health and humanitarian crises”.

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Sports – Daily Current Affairs June 26

2. Madhya Pradesh created history, capture maiden title by defeated how many time champion Mumbai in Ranji Trophy?
A) 41
B) 25
C) 36
D) 47
E) 15
Answer: A) 41

• Madhya Pradesh created history and captured their maiden Ranji Trophy title, defeating favourites Mumbai in the finals by six wickets at M. Chinnaswamy Stadium in Bengaluru.
• This win is a historic one for Madhya Pradesh, as they captured their maiden Ranji title.
• The victory becomes even more significant because they defeated 41-time champions Mumbai, who were heading into the finals as favourites.

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Banking and Finance – Daily Current Affairs June 26

3. Which of the following Bank aimed to boost advances to retail, MSME, agri, corporate sector in FY23?
A) Canara Bank
B) ICICI Bank
C) SBI
D) HDFC Bank
E) IOB
Answer: E) IOB

• State-owned Indian Overseas Bank (IOB) is aiming to boost advances in retail, MSMEs, corporate and agricultural loans during the current fiscal year, as the lender has substantially brought down the stressed assets on its balance sheet through sustained and targeted efforts.
• The outlook of the Indian banking sector is seen to be improving on the back of better credit demand and strong balance sheets, IOB said in its FY21-22 annual report.
• In the fiscal year ended March 2022, IOB witnessed doubling of its net profit at Rs 1,709 crore, as against Rs 831 crore in the previous fiscal year, as the bank improved on its asset quality through a multi-pronged strategy and focussed recovery initiatives.
• IOB said the asset quality of Public Sector Banks (PSBs) are on an improving trend though some loans are classified as restructured loans under pandemic permitted RBI schemes.
• During 2021-22, the gross non-performing assets (GNPA) of the PSBs improved from 9.11 per cent to 7.29 per cent and net NPA from 3.09 per cent to 2.20 per cent.
• For next fiscal year, credit growth will pick up to 10 per cent and sees gross non-performing asset (GNPA) ratio at 6.1 per cent.
• IOB could reduce its gross NPAs substantially from Rs 16,323 crore to Rs 15,299 crore in FY22 and brought down the gross NPAs ratio from 11.69 per cent in FY21 to 9.82 per cent by as of March 31, 2022 through multi-pronged and focussed recovery initiatives.
• On the net NPAs front, it was brought down to Rs 3,825 crore (2.65 per cent) from Rs 4,578 crore (3.58 per cent).
• Also, the provision coverage ratio improved substantially at the end of March 2022, to 91.66 per cent from 90.34 per cent, one of the highest in industry.
• As a result, the bank could register a net profit to the tune of Rs 552 crore for Q4 FY21-22 and Rs 1,709 crore for the whole FY 21-22.
• Bank concentrated on expansion of RAM (retail, agri, MSME) segment advances especially housing loan and jewel loan which is evident in growth of RAM share to domestic advances reaching to 73.35 per cent as of 31st March 2022.
• Also, the CASA (current account savings account) grew to Rs 113,877 crore at the end of FY22 from Rs 102,165 crore in the year-ago period, registering a growth of 11.46 per cent.
• The bank’s CASA per cent has moved up from 42.52 per cent to 43.44 per cent.

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4. Who among the following called for adopting modern banking system in cooperative banks?
A) Finance Minister
B) Home Minister
C) Defence Minister
D) External Affairs Minister
E) Prime Minister
Answer: B) Home Minister

• Home and Cooperation Minister Amit Shah said that the Urban Cooperative Banks need to focus on symmetric development and adopt modern banking methods.
• He emphasized on transparency and inclusion of young professionals in the cooperative banks.
• Mr. Shah said this while addressing the National Conclave of Scheduled and Multi-State Urban Co-operative Banks and Credit Societies on Future Role of Urban Cooperative Credit Sector in New Delhi.
• Mr Shah said, the Centre is in the process of establishing Cooperative University and Cooperative data bank.
• The Minister also said, the cooperative needs to increase the confidence of people.
• Mr. Shah said, cooperatives are still relevant and 197 cooperative banks which have completed 100 years are shining examples.

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5. RBI eyes BNPL norms, to rope in fintechs amid concerns over cards by non-bank PPI issuers to extend short-term loans,what does I stands for in PPI?
A) Inadequate
B) Investment
C) Invested
D) Instrument
E) Invalid
Answer: D) Instrument

• After slapping curbs on non-bank buy now pay later (BNPL) companies, the Reserve Bank of India (RBI) is likely to come out with guidelines for the BNPL segment which was using pre-paid instruments (PPIs) to extend short-term, interest-free loans to customers for online purchases.
• “This novel method shall be examined, and issuance of appropriate guidelines on payments involving BNPL shall be explored,” the central bank in its Payments Vision 2025 document.
• The RBI had last week communicated to non-bank PPI issuers — or BNPL companies — to stop issuing cards where the funds are loaded through a credit line from NBFCs, sending jitters in the segment.
• According to banking observers, the Reserve Bank is not happy with fintech companies using PPIs as a credit instrument, circumventing the regulatory oversight.
• The banking regulator is in discussion with fintech players to find a way out and bring the segment under a regulatory framework so that PPIs are used as a payment instrument and not as a credit avenue.

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International Affairs – Daily Current Affairs June 26

6. India exported how many mlntn wheat to several countries since ban?
A) 3
B) 1.8
C) 2
D) 1.5
E) 1
Answer: B) 1.8

• India has exported 1.8 million tonnes of wheat to dozen-odd countries, including Bangladesh and Afghanistan, since the country banned exports of the grain on May 13, according to Food Secretary Sudhanshu Pandey.
• About 33,000 tonnes of wheat as humanitarian assistance has already been supplied to Afghanistan against the commitment of 50,000 tonnes.
• 1.8 million tonnes of wheat have been shipped out, almost four times from the previous year to countries including Afghanistan, Bangladesh, Bhutan, Israel, Indonesia, Malaysia, Nepal, Oman, Philippines, Qatar, South Korea, Sri Lanka, Sudan, Switzerland, Thailand, UAE, Vietnam, and Yemen.
• India had exported a record 7 million tonnes of wheat during 2021-22 fiscal, while typically, the country exports around 2 million tonnes which is around 1 percent of global wheat trade.
• Post-harvest infrastructure has also been strengthened, including through the creation of an Agriculture Infrastructure Fund of Rs 1 trillion as well as the establishment of a cold chain storage capacity of 35 million tons in recent years and a program for 12 million tons capacity for silo construction.

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National Affairs – Daily Current Affairs June 26

7. Which of the following state cuttedRs 2,000 under ‘Ammavodi’ scheme?
A) West Bengal
B) Kerala
C) Bihar
D) Andra Pradesh
E) Tamil Nadu
Answer: D) Andra Pradesh

• Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy will launch the third round of the flagship ‘Ammavodi’ (mother’s lap) scheme in Srikakulam but this time the mothers (beneficiaries) will get only Rs 13,000 each, a cut of Rs 2,000, as against the promised Rs 15,000.
• The total number of eligible beneficiaries across the state also fell by 52,463 to 43,96,402 in 2022-23, compared to 44,48,865 in 2020-21.
• During the election campaign in 2019, promised to pay Rs 15,000 to each mother for sending their children (Classes 1-12) to school.
• In 2019-20, the promised Rs 15,000 was paid to 42,33,098 mothers, with a total expenditure of Rs 6,349.64 crore.
• In 2020-21, the government deducted Rs 1,000 from each beneficiary for Toilet Maintenance Fund (TMF) and credited only Rs 6,228.41 crore into 44,48,865 mothers’ accounts.
• The government retained Rs 444.88 crore towards TMF.
• This year, an additional Rs 1,000 is being deducted from School Maintenance Fund (SMF) and only Rs 13,000 will be paid to the mothers.
• Accordingly, the mothers will get a sum of Rs 5,715.32 crore only, while the state government will retain Rs 879.28 crore towards TMF and SMF.
• One of the main conditions for drawing the welfare amount under Ammavodi is 75 percent attendance of the ward.

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8. Which of the following state’sRs 1,500-cr project to dredge 10 major rivers?
A) West Bengal
B) Kerala
C) Bihar
D) Andra Pradesh
E) Tamil Nadu
Answer: A) West Bengal

• The Centre has approved the West Bengal government’s Rs 1,500-crore ‘Ghatal masterplan’, a mega project to dredge riverbeds and strengthen embankments of at least 10 major rivers in the state.
• The Union government will bear 60 per cent of the expenses, while the state government will bear the remaining amount.
• The project entails dredging of riverbeds and strengthening of embankments of 10 major rivers including Rupnarayan, Shilabati and Kansabati, which get swollen during monsoon causing floods, as well as some canals in Purba and Paschim Medinipur districts.
• Ghatal is a low-lying riverine area in PaschimMedinipur district that gets affected by floods almost every year.

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9. Rs 404 crore for medical infrastructure advancement to which of the following state?
A) West Bengal
B) Kerala
C) Bihar
D) Andra Pradesh
E) Tamil Nadu
Answer: E) Tamil Nadu

• Union Minister for Health and Family Welfare Dr. Mansukh Mandaviya who is on a two-day visit to Tamilnadu and Puducherry, visited the Tamilnadu Government Multi Super Speciality Hospital in Chennai.
• He witnessed the Robotic Surgery Facility and Early Pregnancy Screening Centre located at the Super Speciality Hospital.
• Dr. Mansukh Mandaviya also virtually laid the foundation stone of CGHS Wellness Centre and Lab at Avadi.
• Further, he interacted with trauma care patients and those with severe sports injuries who are being treated with advanced tech-based surgeries and biopharma therapies at the Multi Super Speciality Hospital.
• Covering 1.58 crore families in Tamilnadu, under the Ayushman Bharat Yojana, 75 lakh people have availed the benefits, he added.
• Under the Ayushman Bharat -Health and Wellness Centressprogramme, so far 7052 Ayushman Bharat -Health and Wellness Centres (as on June 2022) are functional in the state against the target for 9135 Health and Wellness Centress till December, 2022.
• Till now, 542.07 lakh (upto March 2022) screening tests have been done in these centres for Hypertension, Diabetes, Common cancers etc.
• The Central Government has allocated more than Rs. 2600 crore for health of Tamilnadu under National Health Mission and Rs 404 crore for medical infrastructure advancement under the Pradhan MantriAyushman Bharat Health Infrastructure Mission.

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10. Centre to come up with how many more PLI scheme for textile sector?
A) 3
B) 5
C) 1
D) 4
E) 2
Answer: C) 1

• Union Minister Piyush Goyal said that the government is mulling over coming up with one more Production Linked Incentive (PLI) scheme for the textile sector soon.
• The minister made the announcement while addressing SIMA Texfair 2022 here in Coimbatore.
• The textiles sector also has PLI scheme in which a large amount of investment is coming up all across the country including in Tamil Nadu.
• We are the second-largest manufacturers of PPE in the world.
• We are not only Aatmanirbhar in PPE kits but we are also exporting it to other parts of the world.
• PPE – Personal Protective Equipment.

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