Daily Current Affairs June 04

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 04. 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 04 | Daily Current Affairs 2024

Important Days – Daily Current Affairs June 04

1. When is the International Day of Innocent Children Victims of Aggression observed?
A) June 1
B) June 2
C) June 3
D) June 4
E) June 5
Answer: D) June 4

Event and Location:

• International Day of Innocent Children Victims of Aggression, globally observed.

Mandates and Objectives:

• Raise awareness about the suffering of children affected by aggression and highlight the importance of protecting their rights.

History:

• Established by the UN General Assembly in 1982, initially focusing on Palestinian and Lebanese children affected by Israeli aggression during the Lebanon war, later expanding to all children worldwide.

Significance:

• Emphasizes the global responsibility to safeguard children from violence and provide necessary support, highlighting the ongoing horrors faced by children in conflict zones.

Important Terms Explained:

• UN General Assembly: The main deliberative, policymaking, and representative organ of the UN.
• Israeli aggression during the Lebanon war: Refers to the military conflict in Lebanon in 1982 impacting children.

Static GK Information:

Tabular Summary:

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Business and Economy – Daily Current Affairs June 04

2. What is the revised GDP growth forecast for India by Goldman Sachs for CY24?
A) 6.5%
B) 6.7%
C) 6.8%
D) 6.9%
E) 7.0%
Answer: D) 6.9%

Event and Location:

• Goldman Sachs revises India’s GDP forecast, India

Mandates and Objectives:

• To provide an updated economic outlook based on recent performance and trends.

History:

• Goldman Sachs revised India’s GDP growth forecast for CY24 to 6.9% from 6.7% after a strong Q1 2024 growth of 7.8%. FY 2024-25 GDP growth is projected at 6.8%.

Significance:

• Indicates improved economic conditions driven by robust investment demand and recovery in consumption, while also highlighting expectations for lower sequential growth in subsequent quarters.

Important Terms Explained:

• GDP Growth Forecast: A prediction of the rate at which a country’s economy will grow.
• Fiscal Deficit: The difference between the government’s total expenditure and its total receipts (excluding borrowing).

Static GK Information:

Tabular Summary:

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3. What is the main goal of the collaboration between PV Sindhu and Greenday’s Better Nutrition?
A) To promote a new line of sportswear
B) To combat micronutrient deficiencies in India
C) To launch a fitness app
D) To establish badminton academies
E) To promote organic farming
Answer: B) To combat micronutrient deficiencies in India

Event and Location:

• PV Sindhu invests in and becomes brand ambassador for Greenday’s Better Nutrition, India

Mandates and Objectives:

• To combat micronutrient deficiencies in India through innovative biofortified foods, enhancing consumer health and farmer livelihoods.

History:

• Greenday, founded by IIM Ahmedabad alumni Prateek Rastogi and Aishwarya Bhatnagar, aims to increase the nutritional value of staple crops.
• The company collaborates with farmers to cultivate nutrient-dense crop varieties and offers premium prices for these crops.

Significance:

• The partnership with PV Sindhu aims to raise awareness about the importance of biofortified foods, making them accessible and affordable while improving farmer livelihoods.

Important Terms Explained:

• Biofortification: The process of increasing the nutritional value of staple crops by enriching them with essential micronutrients.
• Micronutrient Deficiencies: Lack of essential vitamins and minerals in the diet, which can lead to health problems.

Tabular Summary:

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4. What percentage of its stake does PNB plan to dilute in Canara HSBC Life Insurance through an IPO?
A) 5%
B) 8%
C) 10%
D) 15%
E) 20%
Answer: C) 10%

Event and Location:

• PNB Board approves 10% stake dilution in Canara HSBC Life Insurance via IPO, New Delhi

Mandates and Objectives:

• To initiate the process for divesting 10% of its shareholding in Canara HSBC Life Insurance through an IPO.

History:

• Punjab National Bank (PNB) currently holds a 23% stake in Canara HSBC Life Insurance.
• The decision to dilute 10% of this stake aims to list the company on stock exchanges (BSE/NSE), subject to regulatory approvals.

Significance:

• The move is part of PNB’s strategy to unlock value from its investment in the life insurance joint venture and enhance its capital base.

Important Terms Explained:

• Initial Public Offering (IPO): The process through which a private company offers shares to the public for the first time and lists on a stock exchange.
• Stake Dilution: The reduction of a company’s ownership percentage by selling a portion of its shares.

Static GK Information:

Tabular Summary:

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Appointments – Daily Current Affairs June 04

5. Who is heading the ad-hoc committee formed by SEBI to review the ownership and economic structure of clearing corporations?
A) R Gandhi
B) Usha Thorat
C) Prateek Rastogi
D) David Solomon
E) Zhang Kejian
Answer: B) Usha Thorat

Event and Location:

• SEBI forms panel for reviewing economic structure of clearing corporations, India

Mandates and Objectives:

• To review the ownership and economic structure of clearing corporations and suggest measures to ensure they function as resilient, independent, and neutral risk managers.

History:

• The 2018 report by the Gandhi Committee noted that the ownership of Market
• Infrastructure Institutions (MIIs) should be dispersed and widely held.
• Most clearing corporations in India are 100% owned by a single exchange, which poses risks due to dependency on the parent exchange for capital and potential conflicts of interest.

Significance:

• SEBI aims to address the dominance of parent exchanges in clearing corporations’ ownership structures, ensuring these entities can operate independently and without perverse incentives that could affect their role as neutral risk managers.

Important Terms Explained:

• Clearing Corporation: An entity responsible for settling trading accounts, clearing trades, and ensuring the proper delivery of assets.
• Market Infrastructure Institutions (MIIs): Entities that facilitate trading, clearing, and settlement in securities markets.
• Gandhi Committee: A committee headed by R Gandhi that reviewed regulations pertaining to MIIs.

Static GK Information:

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Science and Technology – Daily Current Affairs June 04

6. What significant achievement did China accomplish with the Chang’e-6 mission?
A) First manned mission to Mars
B) First spacecraft to orbit Jupiter
C) First country to return samples from the far side of the Moon
D) First country to establish a permanent base on the Moon
E) First mission to the Sun
Answer: C) First country to return samples from the far side of the Moon

Event and Location:

• Chang’e-6 lifts off from the far side of the Moon with rock samples, Moon

Mandates and Objectives:

• To return lunar samples from the far side of the Moon, advancing China’s space exploration capabilities.

History:

• The Chang’e-6 mission launched last month, landed on the far side of the Moon, and collected rock and soil samples using a drill and robotic arm.
• It successfully lifted off from the Moon on June 4, 2024.

Significance:

• Marks a significant achievement in space exploration, making China the first country to return samples from the far side of the Moon and a step closer to its goal of sending a crewed mission to the Moon by 2030.

Important Terms Explained:

• Chang’e-6 Probe: A Chinese lunar exploration mission aimed at collecting samples from the far side of the Moon.
• Far Side of the Moon: The hemisphere of the Moon that always faces away from Earth.

Static GK Information:

Tabular Summary:

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Over All Review

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