Daily Current Affairs June 07

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June 07| Daily Current Affairs 2023

Important Days – Daily Current Affairs June 07

1. On which date is World Food Safety Day observed every year?
A) 5 June
B) 7 June
C) 10 June
D) 15 June
E) 20 June
Answer: B) 7 June

• World Food Safety Day is observed every year on 7 June to create awareness about the safety and quality of food worldwide.
• Edition: 5th
• According to WHO, the theme of World Food Safety Day 2023 is “Food Standards Save Lives.”
• World Food Safety Day was established by the United Nations General Assembly in 2018 through a resolution.
• The resolution was proposed by the Kingdom of the Netherlands and was co-sponsored by a total of 44 countries.
• The first observance of World Food Safety Day took place on June 7, 2019, with the theme “Food Safety, Everyone’s Business.”

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Ranking – Daily Current Affairs June 07

2. Who unveiled the 5th State Food Safety Index on World Food Safety Day?
A) Dr. Harsh Vardhan
B) Dr. Mansukh Mandaviya
C) Dr. S. Jaishankar
D) Dr. Nirmala Sitharaman
E) Dr. Ramesh PokhriyalNishank
Answer: B) Dr. Mansukh Mandaviya

• Dr.Mansukh Mandaviya unveils 5th State Food Safety Index on World Food Safety DayatVigyanBhavan, in honor of World Food Safety Day.
• Launched in 2018-19, the SFSI aims to foster healthy competition and catalyze positive change in the food safety ecosystem throughout the country, ultimately ensuring the provision of safe and wholesome food to all residents.
• The Food Safety Index evaluates the performance of states and Union territories across different aspects of food safety.
• These parameters include food safety: human resources and institutional data, compliance, food testing facility, training and capacity building, and consumer empowerment

Food Safety and Standards Authority of India (FSSAI)’s 5th State Food Safety Index (SFSI)

Larger states

• In 2021-22, Tamil Nadu was in the top position among 20 larger states, followed by Gujarat and Maharashtra
• In 2020-21, Gujarat was in top position, followed by Kerala and then Tamil Nadu in the third position

Smaller states

• Last year, these three states were in the same position

Union Territories

• Last year, the three UTs had secured the same positions.
• Out of the 260 participating districts, 31 successfully achieved a score of 75% or higher.
• Mandaviya also announced that 25 lakh food business operators will be trained by FSSAI, a statutory body established under the Food Safety and Standards Act,2006 (FSS Act), in ensuring healthy and nutritious food to the people, in the next three years ensure that food quality standards are met across the country.
• He also announced the setting up of 100 Food Streets across the country which meet the quality benchmark for food safety, hygiene, and nutrition.

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3. According to the Brand Finance India 100 2023 report, which company is ranked as the most valued brand in India?
A) Reliance Industries Limited
B) Tata Motors
C) Hindustan Unilever Limited
D) Tata Group
E) Infosys Limited
Answer: D) Tata Group

• Released By: Brand Finance

Brand Finance India 100 2023

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Banking and Finance – Daily Current Affairs June 07

4. Which bank has introduced a new credit card called Millennia, offering cashback?
A) State Bank of India (SBI)
B) ICICI Bank
C) Axis Bank
D) HDFC Bank
E) Punjab National Bank (PNB)
Answer: D) HDFC Bank

• HDFC Bank has introduced a new credit card — Millennia — offering cashback.
• The card comes with contactless technology allowing customers to ‘tap and pay’ via POS machine.
• The HDFC Millennia Credit card offers cashback and reward points on Amazon, Flipkart, and other e-commerce platforms.
• In addition, the card also offers 1 per cent cashback on offline purchases, smart EMI, and lounge access for free, among others.
• Millennia credit card can be used for Amazon, Flipkart, BookMyShow, Cult.fit, and Myntra, to earn 5 per cent cashback points. In every billing, a maximum reward of ₹1000 would be offered.

Eligibility to obtain HDFC Millennia Credit card:

• The Millennia card is applicable to both self-employed and salaried persons.
• The minimum age limit is 21 and maximum age is 40.
• People earning a maximum of ₹35,000 gross salary can apply for the card.
• Self-employed people with an annual income of ₹6 lakh or above are also eligible.

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5. Which company has launched its mutual fund (MF) business under the name Bajaj Finserv Mutual Fund?
A) Bank of America
B) Wells Fargo
C) Citigroup
D) Bajaj Finserv
E) Goldman Sachs
Answer: D) Bajaj Finserv

• Bajaj Finserv launched its mutual fund (MF) business. Known as Bajaj Finserv Mutual Fund, this will be India’s 41st asset management company (AMC).
• Ganesh Mohan will be the CEO of Bajaj Finserv AMC.
• The newly introduced Bajaj Finserv AMC is a subsidiary of Bajaj Finserv that is the holding company for several financial services businesses under the Bajaj Group based in Pune, India.
• Bajaj Finserv had received approval from the Securities and Exchange Board of India (SEBI) in March 2023.
• It announced the launch of seven new fund offers (NFOs) via its new mutual fund business. This will include liquid funds, money market funds, overnight funds, arbitrage funds, large and midcap funds, balanced advantage funds and flexicap funds.
• Since 2021, five new mutual funds have entered the industry.
• Mohan has been part of Bajaj Finserv for eight years as group head of corporate strategy, prior to taking over as CEO of Bajaj Finserv Asset Management Ltd (BFAML).
• Earlier, he held various leadership roles with The Boston Consulting Group for 16 years.
  Headquarters is Pune, Maharashtra.

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6. Which bank has entered into a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) for providing financial solutions to MSMEs?
A) State Bank of India (SBI)
B) ICICI Bank
C) Axis Bank
D) HDFC Bank
E) Punjab National Bank (PNB)
Answer: D) HDFC Bank

• State-owned Small Industries Development Bank of India (SIDBI) has entered into a Memorandum of Understanding (MoU) with HDFC Bank for providing financial solutions to MSMEs.
• Under the MoU, SIDBI and HDFC Bank will work together to provide complete financial product and services to the customers under Micro, Small and Medium Enterprises (MSMEs).
• The MoU will facilitate providing complete financial solutions to MSMEs in a seamless manner.
• This arrangement will enable MSMEs to avail financial products and services of both the banks
• The MoU was executed by V. Satya Venkata Rao, Deputy Managing Director, SIDBI and Akhilesh Kumar Roy, Executive Vice President National Head Sales Excellence and Transformation, HDFC Bank Limited.

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7. Which subsidiary of PhonePe Group has launched its Account Aggregator (AA) services after receiving the NBFC-AA license from RBI?
A) PhonePe Financial Services Limited (PFSL)
B) PhonePe Payments Services Limited (PPSL)
C) PhonePe Capital Services Limited (PCSL)
D) PhonePe Technology Services Private Limited (PTSPL)
E) PhonePe Investment Solutions Limited (PISL)
Answer: D) PhonePe Technology Services Private Limited (PTSPL)

• PhonePe Group, which recently received the NBFC-AA license from RBI announced the launch of its Account Aggregator (AA) services through its wholly-owned subsidiary PhonePe Technology Services Private Limited (PTSPL).
• PTSPL’s Account Aggregator service will allow Indian consumers to consent to and share all their financial data, such as bank statements, insurance policies and tax filings with regulated Financial Institutions or FIUs (Financial Information Users) for several use cases such as applying for loans, buying new insurance, getting investment advice
  Consumers can request, pause or revoke any ongoing data consent directly from aa.phonepe.com or from within the PhonePe app itself.
• As a part of the launch, PTSPL has already integrated with multiple Financial Information Providers (FIP) such as YES Bank, Federal Bank, AU Small Finance Bank .
• Several other FIPs, including large banks, are likely to get integrated before the end of June.
• PTSPL has also launched its product suite and APIs for the FIU market and is in the process of integrating with regulated Financial Institutions (FIUs) so that they can start taking consent from their users to do a real-time data fetch from the user’s’ FIPs.
• To give consumers a quick and easy introduction to the new Account Aggregator service, PTSPL has tied up with PhonePe Private Limited, and built an AA micro-app within the PhonePe consumer app. This will allow PhonePe users to register and create a new interoperable AA handle.
• PhonePe users will also be able to access their bank statements instantly on the ‘Check Balance’ option on the PhonePe App’s homepage for free.

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Awards – Daily Current Affairs June 07

8. Which bank has received the national award for significant enrolment under Atal Pension Yojana (APY) from the Pension Fund Regulatory and Development Authority (PFRDA)?
A) State Bank of India (SBI)
B) Punjab National Bank (PNB)
C) Bank of Baroda (BOB)
D) Karnataka VikasGrameena Bank (KVGB)
E) ICICI Bank
Answer: D) Karnataka VikasGrameena Bank (KVGB)

• Karnataka VikasGrameena Bank (KVGB) has bagged the national award for significant enrolment under Atal Pension Yojana (APY) from the Pension Fund Regulatory and Development Authority (PFRDA).
• Shreekant M Bhandiwad, Chairman of KVGB, received the award from Vivek Joshi, Secretary, Department of Financial Services, Government of India, and Deepak Mohanty, Chairman of PFRDA, in New Delhi
• The bank has enrolled 3,42,852 (cumulative) accounts under APY. During 2022-23, the bank enrolled 76,569 accounts against the target of 50,320 and achieved the target well before the time frame.

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Science and Technology – Daily Current Affairs June 07

9. Which country conducted the first test of an autonomous flying taxi to ease traffic congestion?
A) United States
B) Germany
C) Japan
D) Israel
E) China
Answer: D) Israel

• Israel has begun conducting initial tests of autonomous drones capable of carrying passengers and cargo, in a bid to ease traffic congestion
• The government-led pilot project, also known as the Israel National Drone Initiative (INDI), aims to create a national drone network and prepare the sky for drone deliveries.
• The project, a joint collaboration between the Transportation Ministry, the Israel Innovation Authority, Ayalon Highways Limited, and the Civil Aviation Authority of Israel (CAAI), marks the first use of such technology in the Jewish state.
• 11 drone operating and delivery companies were involved in tests and experimental flights throughout Israel.
• This is the second phase of the experiment, which began in January and involved an investment of around $60 million to develop drone infrastructure over the next two years.
• Among the drones tested was AIR ZERO, manufactured in Israel, which can accommodate up to two passengers and a total payload of up to 220 kilograms for a distance of up to 160 kilometers.
• Dronery, Cando Drones, and Down Wind also conducted test flights with autonomous drones.
• According to the National Drone Project, over 19,000 sorties have been flown in the past three years.

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10. Which institution incubated the space-tech startupGalaxEye, which is building the world’s first multi-sensor earth observation satellite named Drishti?
A) IIT-Delhi
B) IIT-Bombay
C) IIT-Kanpur
D) IIT-Madras
E) IIT-Kharagpur
Answer: D) IIT-Madras

• An IIT-Madras-incubated space-tech startup, GalaxEye, is building the world’s first multi-sensor earth observation satellite Drishti with the help of a visible spectrum camera providing synchronised imaging that can take multiple images at the same time.
• The startup is going to launch its first satellite, ‘Drishti Mission’ next year.
• Founded in 2020 by Suyash Singh, DenilChawda, Kishan Thakkar, Pranit Mehta, Rakshit Bhatt and Prof S R Chakravarthy, GalaxEye is working on deploying a satellite constellation with a first-of-its-kind sensor based on data fusion to provide the most comprehensive imagery dataset from space.
• The data fusion technology developed in-house will bring unparalleled insights and data from space, enabling satellite constellations to perform all-weather imaging at all times without atmospheric interference typical of today’s single-sensor satellites.
• The technology will enable the production of images with extremely high resolution via a small satellite constellation that, once fully operational, will provide global coverage in under 12 hours.
• It will launch mid-2024.

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International Affairs – Daily Current Affairs June 07

11. What is the name of the 6th edition of the joint exercise of Navies between India and Maldives, held in Maldives?
A) Exercise Mal-Mil
B) Operation Sahyog
C) Exercise Ekatha
D) Operation Dosti
E) Exercise SamudraMaitri
Answer: C) Exercise Ekatha

• 6th edition of India Navy and Maldives Navy exercise named Exercise Ekatha held in Maldives
• Partcipate: Indian Navy divers and Marine Commandos
• Earlier, the fifth edition was held from 5th September 2022 to 3rd October 2022.
• Exercise taken part by 30 marines of MNDF Marine Corps, Special Operations Group and 10 marine commandos from the Indian Navy focused on combat shoot, VBSS, demolition, CQB, divator diving, rebreather diving, and diving operations.
• The High Commissioner of India to the Maldives, MunuMahawar and the Flag Officer Commanding-in-Chief of Southern Naval Command, Indian Navy, Vice Admiral M. A. Hampiholi handed over certificates to the Marines of Special Operations Group (SOG) of the MNDF Marine Corps.

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National Affairs – Daily Current Affairs June 07

12. Who chaired the Union Cabinet meeting that approved the Metro Connectivity from HUDA City Centre to Cyber City with Spur to Dwarka Expressway in Gurugram?
A) Shri Narendra Modi
B) Shri Rajnath Singh
C) Shri Amit Shah
D) Shri Piyush Goyal
E) Shri Nitin Gadkari
Answer: A) Shri Narendra Modi

• The Union Cabinet, chaired by the Hon’ble Prime Minister Shri Narendra Modi, approved Metro Connectivity from HUDA City Centre to Cyber City with Spur to Dwarka Expressway, Gurugram covering the distance of 28.50 km having 27 stations on the route.
• Loan is being tied up with European Investment Board (EIB) and World Bank (WB).

Union Cabinet approves allotment of 4G/5G Spectrum to BSNL

• The Cabinet has approved the third revival package for Bharat Sanchar Nigam Limited (BSNL) with a total outlay of ₹89,047 crore that includes allotment of 4G/ 5G spectrum for BSNL through equity infusion.
• The authorised capital of BSNL will be increased from ₹1,50,000 crore to ₹2,10,000 crore

The details of spectrum are as follows:

• With this spectrum allotment, BSNL will be able to provide pan India 4G and 5G services, provide 4G coverage in rural and uncovered villages under various connectivity projects, provide fixed wireless access (FWA) services for high-speed Internet, and provide services/spectrum for captive non-public network (CNPN).
• The Government had approved the first revival package for BSNL/MTNL in 2019, which amounted to ₹69,000 crore and brought stability in BSNL/MTNL.
• In 2022, the government approved the second revival package for BSNL/MTNL amounting to ₹1.64 lakh crore and it provided financial support for capex, viability gap funding for rural landlines, financial support for de-stressing the balance sheet, and settlement of AGR dues, and merger of BBNL with BSNL.

Union Cabinet approves continuation of Central Sector Scheme of ‘Exploration of Coal and Lignite Scheme’

• The Cabinet Committee on Economic Affairs (CCEA) chaired by the Hon’ble Prime Minister Shri Narendra Modi approved the continuation of the Central Sector Scheme of “Exploration of Coal and Lignite scheme” with an estimated expenditure of Rs. 2980 crore from 2021-22 to 2025-26 co-terminus with the 15th Finance Commission cycle.
• Under this scheme, exploration for Coal and Lignite is conducted in two broad stages: (i) Promotional (Regional) Exploration and (ii) Detailed Exploration in Non-Coal India Limited blocks.
• The approval will provide an outlay of Rs.1650 crore for Promotional (Regional) Exploration and Rs.1330 crore for Detailed Drilling in Non-CIL areas.
• Approximately, 1300 sq. km area will be covered under Regional exploration and approximately 650 sq. km area will be covered under Detailed exploration.
• Exploration for Coal and Lignite is required to prove and estimate coal resources available in the country which helps in preparing detailed project report to start coal mining

Union Cabinet approves Minimum Support Prices (MSP) for Kharif Crops for Marketing Season 2023-24

• The Cabinet Committee on Economic Affairs (CCEA) chaired by the Hon’ble Prime Minister Shri Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for all mandated Kharif Crops for Marketing Season 2023-24.
• The highest increase has been made in the price of Moong Dal for which MSP has been raised to Rs 8,558 per quintal from Rs 7,755 per quintal.
• Minimum Support Price is the rate at which the government procures grains from farmers.
• At present, the government fixes MSP for 23 crops grown in both Kharif and Rabi seasons. Sowing of rabi (winter) crops begins in October immediately after harvesting of Kharif (summer) crops. Wheat and mustard are the major rabi crops.

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13. Which organization signed an MoU with the Department of Energy, Government of Maharashtra, for Pumped Storage Schemes and Other Renewable Energy Source Projects?
A) NTPC Limited
B) Power Grid Corporation of India
C) NHPC Limited
D) Indian Oil Corporation
E) Bharat Heavy Electricals Limited (BHEL)
Answer: C) NHPC Limited

• State-owned power producer National Hydro Electric Power Corporation Private Limited (NHPC) has signed an agreement with the Maharashtra government to build pumped storage hydro projects totalling 7,350 MW capacity with an investment of Rs 44,000 crore.
• The MoU (memorandum of understanding) envisages development of four pumped storage projects aggregating to a total capacity of 7,350 MW, namely Kalu – 1,150 MW, Savitri – 2,250 MW, Jalond – 2,400 MW and Kengadi -1,550 MW.
• The MoU entails harnessing the pumped storage projects as energy storage solutions to help achieve the national objective of energy transition, i.e., to have 500 GW of installed capacity of renewable energy by 2030 and become net zero by 2070.
• These projects will attract an investment of about Rs 44,000 crore and generate indirect and direct employment for 7,000 people in the state
• The MoU was signed by Director (Projects), NHPC, BiswajitBasu, and Principal Secretary (Energy), Department of Energy, Maharashtra, Abha Shukla.
• Pumped storage system utilises surplus grid power available from thermal power stations or other sources to pump up water from lower to upper reservoir and reproduces power during peak demand when there is scarcity of power.

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14. Which ministries jointly launched the Mission on Advanced and High-Impact Research (MAHIR) in the power sector?
A) Ministry of Power and Ministry of Coal
B) Ministry of Power and Ministry of Finance
C) Ministry of Power and Ministry of New and Renewable Energy
D) Ministry of Power and Ministry of Environment, Forest and Climate Change
E) Ministry of Power and Ministry of Science and Technology
Answer: C) Ministry of Power and Ministry of New and Renewable Energy

• The Ministry of Power and the Ministry of New and Renewable Energy jointly launched Mission on Advanced and High-Impact Research (MAHIR) to leverage emerging technology and drive innovation in the power sector.
• The mission aims to identify and develop cutting-edge technologies in the power sector, with the goal of making India a global manufacturing hub and fuelling future economic growth.
• MAHIR will facilitate indigenous research, development, and demonstration of the latest and emerging technologies in the power sector. By identifying and implementing these technologies, the mission seeks to not only meet national priorities such as achieving net zero emissions but also contribute to the United Nations‘ Sustainable Development Goals (SDGs).
• The mission will receive funding from the ministry of power, the ministry of new and renewable energy, and the central public sector enterprises, with additional resources sourced from the government’s budgetary allocation.
• Planned for an initial period of five years from 2023-24 to 2027-28.
• The Mission will have a two-tier structure – a Technical Scoping Committee and an Apex Committee.
• The Technical Scoping Committee, chaired by the Chairperson of Central Electricity Authority, will identify ongoing and emerging research areas globally, recommend potential technologies for development under the Mission, justify the techno-economic advantages, provide research outlines, and conduct periodic monitoring of approved research projects.
• The Apex Committee, chaired by the Union Minister for Power & New and Renewable Energy will deliberate on the technology and products to be developed and approve the research proposals. The Apex committee will look also into international collaborations.
• Central Power Research Institute (CPRI), Bengaluru will provide all necessary secretarial assistance to the Apex Committee and Technical Scoping Committee.

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15. Which entities signed MOUs for the construction of Civil Enclaves at Darbhanga Airport and Purnea Airport in Bihar?
A) Government of Bihar and Ministry of Civil Aviation
B) Government of Bihar and Airport Authority of India (AAI)
C) Government of Bihar and Ministry of Home Affairs
D) Government of Bihar and Ministry of Road Transport and Highways
E) Government of Bihar and Ministry of Railways
Answer: B) Government of Bihar and Airport Authority of India (AAI)

• The Government of Bihar, represented by Resident Commissioner Kundan Kumar, has signed two Memoranda of Understanding (MOUs) with the Airports Authority of India (AAI) for the development of Civil Enclaves at Darbhanga Airport and Purnea Airport in Bihar.
• a cabinet meeting chaired by Bihar Chief Minister Nitish Kumar had approved the construction of new Civil Enclaves at both airports.
• Under the terms of the MOU, the Government of Bihar will provide the AAI with 76.65 acres of land for the development of the Civil Enclave at Darbhanga Airport, free of cost and free from encumbrances on ownership basis.
• This includes 52.65 acres of land for the Civil Enclave and an additional 24 acres for CAT lighting.
• Similarly, for the construction of the Civil Enclave at Purnea Airport, the Government of Bihar will transfer 52.18 acres of land to the AAI, also free of cost and free from encumbrances on ownership basis.
• The signing of these MOUs marks a significant milestone in the development of the new Civil Enclaves at Darbhanga and Purnea Airports.
• With the completion of these projects, both airports will have state-of-the-art terminal buildings, providing enhanced facilities for passengers.
• The construction of the new Civil Enclaves will not only bolster the infrastructure at Darbhanga and Purnea Airports but also pave the way for the commencement of air services at Purnea Airport, eliminating the existing hurdles.

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16. Which ministry has approved the proposal for sanctioning an additional fund of Rs 12,911.15 crore for the ongoing Polavaram irrigation project?
A) Ministry of Water Resources
B) Ministry of Rural Development
C) Ministry of Agriculture and Farmers Welfare
D) Ministry of Environment, Forest and Climate Change
E) Ministry of Finance
Answer: E) Ministry of Finance

• The Union Ministry of Finance has approved the proposal for sanctioning an additional fund of Rs 12,911.15 crore for the ongoing Polavaram irrigation project across the Godavari river in Andhra Pradesh.
• An amount of Rs 10,911.15 crore has been provided for completion of the remaining work for filling water up to a height of 41.15 mtrs in the first phase.
• Meanwhile, the Centre is also considering release of Rs 2,000 crore to cover the cost of repairing the damages caused to the project site by floods.
• Executive Agency: Water Resources Department of Andhra Pradesh

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17. Which state government has launched the Nand Baba Milk Mission scheme at a cost of Rs 1,000 crore?
A) Maharashtra
B) Rajasthan
C) Gujarat
D) Uttar Pradesh
E) Madhya Pradesh
Answer: D) Uttar Pradesh

• In a bid to make Uttar Pradesh a leading state in the field of milk development and milk production, the state government has launched the Nand Baba Milk Mission scheme at a cost of Rs 1,000 crore.
• The Nand Baba Milk Mission scheme, which has been implemented to provide milk producers the facility of selling their milk at a reasonable price in villages through dairy co-operative societies.
• Under this mission, it is proposed to form Dairy farmer producer organisation (Dairy FPO) in order to facilitate sale of milk in producers’ villages itself
• In the financial year 2023-24, there is a plan to set up five Dairy FPOs in as many districts of the state as a pilot project.
• Besides the opening of office of the Nand Baba Milk Mission at KisanGomtinagar, a ‘Dairy Development Portal’ and logo of Nand Baba Mission has also been unveiled.
• The Uttar Pradesh government has launched the portal (//familyid.up.gov.in) for creation of Family ID under ‘One Family One Identity’ scheme to establish a comprehensive database of family units of the state and to connect at least one member of each family with employment.
• This portal is developed to provide a 12 digit unique family ID to those families who are not ration card holders.
• Aadhaar based e-KYC facility is available on the Family ID portal.

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18. Which organization has signed a contract with the Indian Navy for the procurement and deployment of Quantum Key Distribution (QKD) based systems?
A) BHEL (Bharat Heavy Electricals Limited)
B) ISRO (Indian Space Research Organisation)
C) DRDO (Defence Research and Development Organisation)
D) QNu Labs
E) HAL (Hindustan Aeronautics Limited)
Answer: D) QNu Labs

• QNu Labs has collaborated with the Indian Navy for the procurement and deployment of Quantum Key Distribution (QKD) based systems.
• This collaboration signifies a major milestone, positioning the Indian Navy as the first agency in the country to procure large-scale quantum-based encryption systems
• Backed by venture investor Speciale Invest, QNu Labs was founded and incorporated at the IIT Madras Research Park in 2016.
• The procurement of QKD-based hub & spoke systems is a strategic move that underscores the Indian Navy’s determination to stay at the forefront of emerging security technologies
• QNu Labs offers a suite of quantum secure products and solutions, specializing in the development and delivery of Quantum Key Distribution (QKD), Trusted Nodes (TNs), and Quantum Random Number Generator (QRNG) systems.

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