Daily Current Affairs June 14

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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 14 | Daily Current Affairs 2024

Important Days – Daily Current Affairs June 14

1. Which year marks the 20th anniversary of World Blood Donor Day?
A) 2020
B) 2022
C) 2024
D) 2026
E) 2028
Answer: C) 2024

Event and Location:

• Event: World Blood Donor Day 2024
• Location: Globally celebrated

Mandates and Objectives:

• Thank and Recognize Donors: Acknowledge the millions of voluntary blood donors worldwide.
• Showcase Achievements and Challenges: Highlight national blood programs’ successes and ongoing issues.
• Highlight the Need for Regular Donation: Emphasize the necessity of continuous, unpaid blood donation.
• Promote a Culture of Blood Donation: Encourage regular blood donation among young people and the general public.

Important Terms Explained:

• Blood Group System: Discovered by Karl Landsteiner, this system categorizes blood into different groups (e.g., A, B, AB, and O).
• Type O Negative Blood: Known as the universal donor blood type, crucial in emergencies when the blood type of the recipient is unknown.
• Voluntary Unpaid Blood Donors: Individuals who donate blood without any financial compensation, crucial for maintaining a safe blood supply.

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Sports – Daily Current Affairs June 14

2. Who won the ICC Men’s Player of the Month award for May 2024?
A) Shaheen Shah Afridi
B) Lorcan Tucker
C) Gudakesh Motie
D) Shamar Joseph
E) Rassie van der Dussen
Answer: C) Gudakesh Motie

Event and Location:

• Event: ICC Players of the Month Awards for May 2024
• Location: Announced globally by ICC

Mandates and Objectives:

• Men’s Player of the Month:
  • Winner: Gudakesh Motie (West Indies)
  • Performance: Outstanding wicket-taking in the T20I series against South Africa
  • Achievements:
    • Wickets: 8 wickets at an average of 8.50 across the three-match series
  • Key Matches:
    • First match: 3 for 25
    • Second match: Career-best 3 for 22
    • Third match: 2 for 21
  • Recognition: Player of the series award
• Women’s Player of the Month:
  • Winner: Chamari Athapaththu (Sri Lanka)
  • Performance: Exceptional performance in ICC Women’s T20 World Cup Qualifier
  • Achievements:
    • Runs and Wickets: 151 runs and 6 wickets in May
    • Key Performance: Scored 102 runs off 63 balls against Scotland
    • Significance: Led Sri Lanka to qualify for the ICC Women’s T20 World Cup 2024
  • Voting Process:
    • Voters: Global fans registered at icc-cricket.com and a specialist panel including ICC Hall of Famers, former international players, and media representatives.
  • Competitors:
    • Men’s Award: Shaheen Shah Afridi (Pakistan), Lorcan Tucker (Ireland)
    • Women’s Award: Kathryn Bryce (Scotland), Sophie Ecclestone (England)

Important Terms Explained:

• ICC Player of the Month Award: A monthly recognition given by the International Cricket Council to the best performing male and female cricketers based on their performances across all formats.
• T20I (Twenty20 International): A form of cricket where each team plays a maximum of 20 overs.
• Qualifiers: Competitions held to determine the teams that will participate in the main event of a tournament.

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3. Which global sports organization has Tata Communications signed a five-year contract with?
A) FIFA
B) IOC
C) World Athletics
D) NBA
E) ICC
Answer: C) World Athletics

Event and Location:

• Event: Tata Communications secures a five-year contract with World Athletics
• Location: Global (contract to cover various international events)
• Date: Announced in June 2024

Mandates and Objectives:

• Contract Details: Tata Communications has signed a five-year contract with World Athletics to be its technology broadcast partner across the globe.

Scope of Partnership:

• International Events: The partnership will include over 20 international events.
• Content Delivery: Tata Communications will deliver live content to broadcasters worldwide, ensuring low latency and high-quality video feeds over 5G networks.
• Localized Content and Analytics: The company will provide localized content, viewership analytics, and training feeds for athletes.
• Technological Investment: Tata Communications has invested in next-generation cloud and edge capabilities tailored for the media and entertainment industry.

Significance of Partnership:

• Viewership: World Athletics events reach hundreds of millions of households globally, with championship events drawing a global audience of one billion people across 180 countries.
• Market Impact: This partnership is expected to add significant value to Tata Communications’ media business, which has seen 20-25% growth in recent years and holds a 25% market share in global sports.

Business Growth:

• Previous Achievements: In 2023, Tata Communications carried over 80,000 live sporting events.
• Acquisition: The company acquired New York-based video production and distribution company The Switch Enterprises LLC for $58.8 million in May last year.
• Digital Portfolio: The M&E business falls under Tata Communications’ digital portfolio, which saw a 10.5% growth in the previous financial year, with cloud services being a major revenue contributor.

Important Terms Explained:

• World Athletics: The international governing body for the sport of athletics, which includes track and field, marathons, race walking, and cross country events.
• 5G Networks: The fifth generation of mobile networks, offering higher speeds, lower latency, and greater capacity than previous generations.
• Cloud and Edge Capabilities: Advanced technologies enabling efficient data processing and storage closer to the source of data generation, enhancing performance and reducing latency.

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Obituary – Daily Current Affairs June 13

4. When did Sarod maestro Pandit Rajeev Taranath pass away?
A) June 9, 2024
B) June 10, 2024
C) June 11, 2024
D) June 12, 2024
E) June 13, 2024
Answer: C) June 11, 2024

Event and Location:

• Event: Passing of Pandit Rajeev Taranath
• Location: Mysuru, Karnataka, India
• Date: June 11, 2024

Mandates and Objectives:

• Passing Away: The renowned Sarod maestro Pandit Rajeev Taranath passed away at the age of 91 on June 11, 2024, in Mysuru.
• Last Rites: The last rites will be performed at the crematorium near Chamundi Foothills at 2 PM on June 12, 2024.
• Public Viewing: His mortal remains will be available for public viewing at his residence near Jnana Ganga School in Kuvempunagar, Mysuru, from 9 AM to 12 noon on June 12.

Accolades and Honors:

• Padma Shri: Awarded in 2019.
• Sangeet Natak Akademi Award: Received in 2000.
• Rajyotsava Award: Awarded in 1996.
• Chowdaiah Memorial Award: Received in 1998.
• Sangeet Vidwan Award: Given in 2018.
• Nadoja Award: Awarded in 2019.

Career and Contributions:

• Senia Maihar Gharana: A distinguished exponent.
• Academic Achievements: First rank in BA Honours from Bangalore Central College, gold medal in MA in English from the University of Mysore, and a PhD under Prof. C.D. Narasimhaiah.
• Music Training: Trained under the legendary maestro Ali Akbar Khan.
• Film Contributions: Served as music director for Kannada and Malayalam movies like “Samskara,” “Pallavi,” “Anuroopa,” “Paper Boats,” “Agunthaka,” “Kadavu,” and “Kanchanaseetha.”

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Banking and Finance – Daily Current Affairs June 14

5. Why did the Financial Intelligence Unit (FIU) impose a fine on Axis Bank?
A) For not paying taxes
B) For fraudulent loan approvals
C) For failing to detect and report suspicious transactions
D) For not complying with RBI guidelines
E) For data breaches
Answer: C) For failing to detect and report suspicious transactions

Event and Location:

• Event: FIU imposes fine on Axis Bank
• Location: Gurugram, Haryana
• Date: June 3, 2024 (Order issued)

Mandates and Objectives:

• Fine Imposed: The Financial Intelligence Unit (FIU) imposed a fine of Rs 1.66 crore on Axis Bank for failing to detect and report suspicious transactions related to a fraudulent account in the name of the National Security Guard (NSG).

Case Details:

• Incident: An Axis Bank employee allegedly colluded in creating a fraudulent NSG account to aggregate illicit funds.
• Timeline: The case dates back to 2021 and involved investigations by local police and the Enforcement Directorate (ED).

FIU Findings:

• Failures Identified: Axis Bank failed to detect suspicious transactions, did not file Suspicious Transaction Reports (STRs), and failed to verify if the employee was authorized to act on behalf of NSG.
• Investigation Outcome: The FIU probe substantiated the charges against Axis Bank, leading to the fine.

Regulatory Context:

• Legal Basis: The fine was imposed under Section 13 of the Prevention of Money Laundering Act (PMLA), empowering the FIU Director to penalize entities failing to comply with anti-money laundering obligations.

Important Terms Explained:

• Financial Intelligence Unit (FIU): An agency under the Union Finance Ministry tasked with examining and ensuring compliance with anti-money laundering laws by financial institutions.
• Prevention of Money Laundering Act (PMLA): An Indian law aimed at preventing money laundering and providing for the confiscation of property derived from money laundering.
• Suspicious Transaction Report (STR): A report filed by financial institutions about transactions that raise suspicions of being related to criminal activity.

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6. What recent approval did Aurionpro Solutions receive from the Reserve Bank of India?
A) License for banking operations
B) Authorization to operate as a cryptocurrency exchange
C) Approval to operate as an ‘online payment aggregator’
D) Approval for international money transfers
E) Authorization to offer insurance services
Answer: C) Approval to operate as an ‘online payment aggregator’

Event and Location:

• Event: RBI grants final authorization to Aurionpro Solutions
• Location: India
• Date: Announced in June 2024

Mandates and Objectives:

• Final Authorization: Aurionpro Solutions received the final authorization from the Reserve Bank of India (RBI) to operate as an ‘online payment aggregator’.
• Significance: This approval marks a significant milestone for Aurionpro in its aim to become a leading payment service provider.

CEO’s Statement:

• Balkrishna Pangam, CEO Aurionpro Payments: Expressed gratitude to the RBI for the authorization and emphasized the company’s eagerness to start operations and contribute to India’s digital transformation.

Company Overview:

• Aurionpro Solutions: Provides advanced technology solutions for banking, mobility, payments, and government sectors.

Financial Performance:

• Net Profit: Increased by 48% to Rs 39.46 crore in Q4 FY24 from Rs 26.60 crore in Q4 FY23.
• Revenue: Increased by 29% to Rs 246.87 crore in Q4 FY24 from Rs 190.65 crore in Q4 FY23.

Important Terms Explained:

• Online Payment Aggregator: A service provider that facilitates online transactions by aggregating and processing payments from various sources and directing them to merchants.
• Reserve Bank of India (RBI): The central bank of India, responsible for regulating the monetary policy and financial system of the country.

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7. Which new authorization has Jupiter Money received from the Reserve Bank of India (RBI)?
A) License for cryptocurrency exchange
B) Approval for international money transfers
C) Authorization to offer prepaid payment instruments (PPIs)
D) Approval to offer insurance services
E) License for banking operations
Answer: C) Authorization to offer prepaid payment instruments (PPIs)

Event and Location:

• Event: RBI grants authorization to Jupiter Money to offer prepaid wallet business
• Location: India
• Date: June 13, 2024

Mandates and Objectives:

• Final Authorization: Jupiter Money, a neobanking startup backed by Tiger Global, received final authorization from the RBI to offer prepaid payment instruments (PPIs), enabling digital wallets for UPI payments, money transfers, and other transactions.
• Upcoming Services: The company plans to introduce the Jupiter Prepaid Account facility to users in the coming months.

Current Services:

• Digital Savings Accounts: In partnership with Federal Bank and CSB Bank.
• Additional Features: UPI payments, co-branded credit cards, loans (co-lending), spend and asset trackers, and personalized goals saving feature.

CEO’s Statement:

• Jitendra Gupta, Founder and CEO: Highlighted that the PPI functionality is nearly equivalent to a bank account, offering facilities for various types of payments including UPI and gift cards.
• Objective: To significantly increase the user base by offering a safe and risk-free account for UPI and similar transactions.

Company Background:

• Amica Finance: Separate entity receiving a non-banking finance company license last year to offer direct loans.
• Valuation: $654 million as of June 2023.
• Investors: Tiger Global, Peak XV Partners, QED Investors, Matrix Partners, Nubank, and MUFG Bank.
• Stakeholders: Jitendra Gupta holds nearly 40% stake in the company.
• Competition: Competes with Slice, Fi Money, and Niyo in the neobanking space.

Financial Performance:

• Revenue: Rs 48.86 crore in FY23, up from Rs 18.85 crore in the previous year.
• Losses: Rs 327 crore in FY23, up from Rs 163.94 crore.

Important Terms Explained:

• Prepaid Payment Instruments (PPIs): Digital wallets that allow users to pre-load money for various transactions like UPI payments, money transfers, and purchasing goods and services.
• Neobanking: A type of digital banking that operates exclusively online without traditional physical branch networks.

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8. What is the name of the new savings account product launched by Karnataka Bank for senior citizens?
A) KBL Senior Advantage Account
B) KBL Prime Senior Savings Account
C) KBL WISE Senior Citizens Savings Bank Account
D) KBL Elderly Care Account
E) KBL Senior Health Savings Account
Answer: C) KBL WISE Senior Citizens Savings Bank Account

Event and Location:

• Event: Launch of KBL WISE Senior Citizens Savings Bank Account
• Location: Mangaluru, Karnataka
• Date: June 14, 2024

Mandates and Objectives:

• Product Launch: Karnataka Bank launched a unique banking product, the ‘KBL WISE Senior Citizens Savings Bank Account,’ designed specifically for the banking, healthcare, and wellness needs of senior citizens.

Product Variants:

• KBL Wise Signature: Regular variant
• KBL Wise Advantage: Premium variant

Key Features:

• Free Top-Up Health Insurance: Coverage up to ₹10 lakh.
• MediBuddy Healthcare Benefits: Free access to healthcare benefits.
• HospiCash Facility: Free cash benefits during hospitalization.
• Discount on Locker Rentals: Discounted rates for locker services.
• Doorstep Banking Facility: Convenient banking services at home.
• Lifetime Free Rupay Select Debit Card: No annual fees for the debit card.
• Additional Features: Various other customer-centric benefits.

Bank’s Commitment:

• Customer-Centric Products: The bank will continue to launch such curated products to cater to key customer segments.

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9. Why did the Reserve Bank of India impose a monetary penalty on the Central Bank of India?
A) Unauthorized forex transactions
B) Non-compliance with directions on ‘Loans and Advances’ and ‘Customer Protection’
C) Failure to meet capital adequacy norms
D) Violation of anti-money laundering regulations
E) Breach of IT security protocols
Answer: B) Non-compliance with directions on ‘Loans and Advances’ and ‘Customer Protection’

Event and Location:

• Event: RBI imposes monetary penalty on Central Bank of India and Sonali Bank PLC
• Location: India
• Date: June 14, 2024

Mandates and Objectives:

• Central Bank of India Penalty:
  • Penalty Amount: ₹1,45,50,000
• Reasons for Penalty:
  • Loans and Advances: Sanctioned a working capital demand loan to a corporation against amounts receivable from the government as subsidies.
• Customer Protection: Failed to credit amounts from unauthorized electronic transactions to customers’ accounts within 10 working days of notification and did not resolve complaints or provide compensation within 90 days.
• Inspection: Conducted with reference to the financial position as on March 31, 2022.
• Notice and Response: RBI issued a notice based on supervisory findings; after considering the bank’s reply, the penalty was imposed.

Sonali Bank PLC Penalty:

• Penalty Amount: ₹96,40,000
• Reasons for Penalty:
  • Risk Categorization: Failed to periodically review risk categorization of accounts.
  • Transaction Monitoring: Did not use robust software for transaction alerts based on risk categorization and updated customer profiles.
  • SWIFT-related Controls: Failed to implement certain operational controls within stipulated timelines.
  • Credit Information Companies: Did not become a member of all CICs within the stipulated timeline.
  • Inspection: Conducted with reference to financial position and IT examination as on March 31, 2022.

RBI’s Statement:

• The action is based on deficiencies in regulatory compliance, not on the validity of transactions or agreements with customers.
• The penalty is without prejudice to other actions that may be initiated by RBI against the banks.

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Appointments – Daily Current Affairs June 14

10. Who was reappointed as the National Security Advisor in 2024?
A) PK Mishra
B) Amit Khare
C) Tarun Kapoor
D) Ajit Doval
E) Rajnath Singh
Answer: D) Ajit Doval

Event and Location:

• Event: Reappointment of Ajit Doval as National Security Advisor
• Location: India

Mandates and Objectives:

• Appointment Committee Decision: The Appointment Committee of the Cabinet approved the reappointment of Ajit Doval as NSA and PK Mishra as Principal Secretary to PM Modi.
• Role Continuation: Ajit Doval will continue his role starting from June 10, 2024. PK Mishra will remain the Principal Secretary to the PM.
• Prime Minister’s Advisors: Amit Khare and Tarun Kapoor have been appointed as advisors to PM Modi.

Important Terms Explained:

• National Security Advisor (NSA): A senior official in the government responsible for advising the Prime Minister on national and international security issues.
• Principal Secretary to the PM: The senior-most officer in the Prime Minister’s Office (PMO) who heads the office and assists the Prime Minister.
• Appointments Committee of the Cabinet: A committee that decides on appointments to several top positions in the government of India.

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Science and Technology – Daily Current Affairs June 14

11. What is the primary purpose of Wipro’s Lab45 AI platform?
A) Increase social media presence
B) Boost efficiency and transform business functions
C) Develop gaming applications
D) Enhance customer support
E) Improve logistics and supply chain management
Answer: B) Boost efficiency and transform business functions

Event and Location:

• Event: Launch of Lab45 AI platform
• Location: Wipro’s global operations

Mandates and Objectives:

• Lab45 AI Platform Launch: Wipro announced the launch of its Lab45 AI platform, designed to leverage generative AI, machine learning, and deep learning technologies to enhance business efficiencies and enable industry-specific solutions.
• Availability: The platform is available to all Wipro employees and clients, offering no-code and low-code pre-built applications for various business functions like HR, sales, marketing, and operations.

Platform Features:

• SaaS Model: Operates on a software-as-a-service model.
• Supports LLMs: Supports large language models from leading providers and custom deep-learning models.
• Integration Capabilities: Allows seamless integration of language and visual processing.
• Applications and Agents: Hosts over 1,000 GenAI agents and more than 10 GenAI applications.

Key Statements:

• Subha Tatavarti, CTO, Wipro: Emphasized the platform’s role in innovation and productivity across business functions.
• Topcoder Usage: The platform has seen a seven-fold increase in GenAI usage since October 2023, highlighting its practical impact.

Important Terms Explained:

• Generative AI (GenAI): A subset of AI that generates new content, such as text, images, or audio, based on existing data.
• Large Language Models (LLMs): AI models designed to understand and generate human-like text based on vast amounts of data.
• No-Code/Low-Code Applications: Tools that allow users to create applications with minimal or no programming knowledge.

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12. Which pathogen is the focus of the IIT Madras and NASA JPL study on the International Space Station (ISS)?
A) Staphylococcus aureus
B) Enterococcus faecalis
C) Enterobacter bugandensis
D) Pseudomonas aeruginosa
E) Escherichia coli
Answer: C) Enterobacter bugandensis

Event and Location:

• Event: Study of multidrug-resistant pathogens on the ISS
• Location: International Space Station (ISS)
• Date: Announced in June 2024

Mandates and Objectives:

• Research Collaboration:
  • Participants: IIT Madras and NASA’s Jet Propulsion Laboratory (JPL) researchers.
  • Focus: Multidrug-resistant pathogens, particularly Enterobacter bugandensis, found on surfaces within the ISS.
• Significance:
  • Health Applications: The study aims to improve astronaut health in space and patient care in controlled settings on Earth, such as hospital intensive care units and surgical theatres, where multidrug-resistant pathogens pose significant challenges.
• Research Team:
  • Prof Karthik Raman: Department of Data Science and AI, Wadhwani School of Data Science and AI (WSAI), IIT Madras.
  • Dr. Kasthuri Venkateswaran: Senior Research Scientist at JPL, NASA.
  • Research Scholars: Pratyay Sengupta, Shobhan Karthick MS, IIT Madras.
  • Nitin Kumar Singh: JPL, NASA.
  • Funding: Science and Engineering Research Board and Prime Minister’s Research Fellowship from the Ministry of Education.

Research Insights:

• Genomic, Functional, and Metabolic Enhancements: Understanding these aspects of Enterobacter bugandensis helps develop targeted antimicrobial treatments.
• Persistence and Succession Patterns: Insights into these patterns inform strategies for managing microbial contamination in closed environments like spacecraft and hospitals.

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International Affairs – Daily Current Affairs June 14

13. Which country has Jammu & Kashmir partnered with to enhance its sheep sector?
A) Australia
B) Canada
C) New Zealand
D) United Kingdom
E) United States
Answer: C) New Zealand

Event and Location:

• Event: Elevation of Agricultural Partnership
• Location: Jammu & Kashmir, India and New Zealand
• Date: June 2024

Mandates and Objectives:

• Strategic Agreement: Jammu & Kashmir has expanded its existing Memorandum of Cooperation (MoC) with New Zealand into a full-fledged strategic agreement to enhance the sheep and goat sectors.

Core Areas of Collaboration:

• Training Programs: Advanced training for master trainers.
• Genetic and Breeding Innovations: Introduction of New Zealand’s breeding technologies.
• Expert Visits and Workshops: Conducted by New Zealand experts to set long-term objectives.
• Value Chain Optimization: Overhaul of wool and mutton value chains to boost efficiency and profitability.

Significance:

• Technology Transfer: Utilization of New Zealand’s expertise in breeding technology, sustainable farm management, and advanced disease control measures.
• Economic Impact: Expected to increase productivity and improve the economic conditions of local communities in Jammu & Kashmir.

Important Terms Explained:

• Memorandum of Cooperation (MoC): A formal agreement between two or more parties outlining the terms and details of an understanding, including each party’s requirements and responsibilities.
• Breeding Technology: Advanced methods and techniques used in the breeding of livestock to improve their genetics and productivity.
• AI (Artificial Insemination) and ETT (Embryo Transfer Technology): Reproductive technologies used to enhance genetic qualities and reproductive efficiency in livestock.

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National Affairs – Daily Current Affairs June 14

14. Who was sworn in as the Chief Minister of Arunachal Pradesh for the third term in 2024?
A) Ajit Doval
B) PK Mishra
C) Pema Khandu
D) Tarun Kapoor
E) Amit Khare
Answer: C) Pema Khandu

Event and Location:

• Event: Swearing-in of Pema Khandu as Chief Minister of Arunachal Pradesh
• Location: DK State Convention Centre, Itanagar, Arunachal Pradesh
• Date: June 13, 2024

Mandates and Objectives:

• Third Term Oath: Pema Khandu was sworn in as the Chief Minister of Arunachal Pradesh for the third consecutive term.
• Guidance by BJP Manifesto: The new government will follow the Bharatiya Janata Party’s election manifesto for the next five years to drive growth and development in the state.

Important Terms Explained:

• Chief Minister: The elected head of the government of a state in India.
• Bharatiya Janata Party (BJP): A major political party in India, which provided the manifesto guiding the new government.

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15. What is the primary goal of the Assam government’s new scheme for girl students?
A) Promote sports activities
B) Increase Gross Enrolment Ratio and combat child marriage
C) Provide job opportunities
D) Improve healthcare facilities
E) Boost tourism
Answer: B) Increase Gross Enrolment Ratio and combat child marriage

Event and Location:

• Event: Introduction of a new scheme providing monetary support for girl students
• Location: Assam, India
• Date: June 2024

Mandates and Objectives:

• Scheme Introduction: The Assam government approved a scheme to provide monthly monetary benefits to girl students to curb child marriage and increase enrollment in higher education.
• Coverage and Cost: The scheme is expected to cover around one million girl students, costing Rs. 300 crore in the first year and Rs. 1,500 crore over five years.

Eligibility and Benefits:

• Eligibility: Girl students in Higher Secondary, Degree First Year, and PG First Year of Government and Venture Schools, Colleges, and Universities, irrespective of economic status.

Financial Assistance:

• Class XI: Rs. 1,000 per month for 10 months (total Rs. 10,000).
• Graduation 1st Year: Rs. 1,250 per month for 10 months (total Rs. 12,500).
• Post Graduation 1st Year: Rs. 2,500 per month for 10 months (total Rs. 25,000).
• Implementation: Benefits will be disbursed via Direct Benefit Transfer (DBT) starting from October 11, 2024.

Important Terms Explained:

• Gross Enrolment Ratio (GER): The total enrolment within a certain level of education, regardless of age, expressed as a percentage of the eligible official school-age population corresponding to the same level of education.
• Direct Benefit Transfer (DBT): A method by which the government transfers subsidies and financial benefits directly to the beneficiaries’ bank accounts to reduce leakage and increase transparency.
• Anundoram Borooah Scheme: A scheme providing a one-time financial grant and scooters to students scoring above 75% marks in their exams.

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Over All Review

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