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DAILY GK DOSE 10th  JUNE -2024 CURRENT AFFAIRS

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DAILY DOSE 10th  JUNE -2024 CURRENT AFFAIRS

 

1) Child Nutrition Report, 2024

  • UNICEF has released its Child Nutrition Report 2024, highlighting the severe level of Child Food Poverty globally.
  • The inability of children, especially in early childhood (first five years), to access and consume a nutritious and diverse diet.

Key Findings of the Report:

  • 27% of children globally; 40% in India (2nd highest in South Asia).
  • CFP results from failing governance systems, not failing families.
  • Rise in unhealthy food consumption replacing nutrient-rich options.
  • Affects both poor and non-poor households, showing income isn’t the sole factor.
  • Global efforts are slow in ending CFP

 

2) Duty Drawbacks:

  • Starting from June 5th, 2024, the Central Board of Indirect Taxes and Customs (CBIC) has initiated electronic disbursal of duty drawback amounts directly to exporters’ bank accounts through the Public Finance Management System (PFMS).
  • Duty drawback, governed by section 75 of the Customs Act, 1962, refunds customs duty on imported or excisable materials used in the production of export goods.
  • This mechanism assists exporters in mitigating some of the expenses incurred during the export process, particularly within the supply or value chain.
  • Electronic disbursal of duty drawback aims to streamline the process, reduce processing time, eliminate manual intervention, and enhance transparency in customs operations.

 

3) India Exim Bank Opens Nairobi Office To Boost East Africa Trade:

  • The Export-Import Bank of India (India Exim Bank) recently opened its East Africa Representative Office in Nairobi, Kenya.
  • This is part of a plan to grow its business around the world.
  • The goal of this project is to improve India’s trade and business ties with East Africa, which is known for having a lot of resources and young people.
  • India and East Africa have done a lot more business with each other over the past ten years.
  • From USD 9.7 billion in 2013 to USD 12.9 billion in 2022, trade in goods grew quickly.

 

4) Sebi Wins ‘Best Business Regulator’ Award In Asia Pacific:

  • According to The Asian Banker, the Securities and Exchange Board of India (SEBI) was recently given the “Best Conduct of Business Regulator” award for the Asia-Pacific area.
  • This award, which was given in an event in Hong Kong, shows how important SEBI has been in improving the rules that govern Indian stock markets.
  • Kamlesh Chandra Varshney, a Permanent Member of SEBI, accepted the award on behalf of the organization.
  • SEBI has taken several important steps that have made the Indian stock market much more efficient and trustworthy.
  • The introduction of the T+1 settlement method is one of the important projects.

 

5) Non-Permanent Members Of The UNSC:

  • Pakistan, Panama, Somalia, Denmark, and Greece have been elected as non-permanent members of the UN Security Council for a two-year term starting in 2025. This marks Pakistan’s 8th term as a non-permanent member
  • India has been elected as a non-permanent member of the UN Security Council 8 times, the last being 2021-2022.
  • The UNSC is one of the six principal organs of the UN, along with the UNGA, Economic and Social Council, Trusteeship Council, International Court of Justice, and UN Secretariat.
  • It consists of 15 members, with five permanent members (China, France, Russia, the UK, and the US) holding veto power.

 

6) AUKUS Alliance And Its Pivot To France:

  • The article discusses the AUKUS alliance among the US, UK, and Australia to bolster military capabilities against China, including sharing nuclear submarine technology.
  • AUKUS, a trilateral partnership formed in 2021, aims to bolster security and defence interests, primarily countering China’s influence in the Indo-Pacific region.
  • It entails deeper information and technology sharing, along with the integration of security-related industries.
  • India is not a member but has engaged in informal talks with the AUKUS bloc on emerging technologies, though no formal dialogue has taken place yet.
  • AUKUS shares nuclear submarine propulsion technology with Australia, marking the first time the U.S. has done so outside the UK.

 

7) Biopharmaceutical Alliance:

  • India, South Korea, the United States, Japan, and the European Union (EU) have formed a Biopharmaceutical Alliance to address drug supply shortages during the COVID-19 pandemic.
  • The alliance aims to coordinate bio policies, regulations, and research and development support measures among participating countries.
  • Inaugural meeting held in San Diego during the Bio International Convention 2024, emphasized the importance of a reliable and sustainable supply chain.
  • The initiative originated from discussions between South Korea and the U.S. and expanded to include Japan, India, and the EU.
  • Shortages of Covid-19 vaccines occurred globally, impacting various countries’ vaccination efforts.

 

8) India’s Foreign Exchange Reserves Hit Record $651.5 Billion:

  • With $651.5 billion in foreign exchange reserves by May 31, 2024, India had the highest amount of foreign exchange reserves ever. Positive changes in trade, remittances, and foreign investments have helped India’s external industry reach a strong point.
  • The Reserve Bank of India (RBI) says that service exports, especially software, business services, and travel, have grown a lot.
  • After growing by 4.2% in the fourth quarter of 2023–24, net service exports went up by 9.3% over the same quarter.
  • The RBI Governor talked about how important GCCs are and how they have helped software and business services exports a lot. GCC countries have increased the amount of foreign currency coming into India.
  • It is expected to rise from 1,580 in 2022–23 to about 1,900 by 2024–25.

 

9) STPI Celebrated 33rd Foundation Day In New Delhi:

  • STPI Celebrated 33rd Foundation Day in New Delhi.
  • Software Technology Parks of India (STPI), an autonomous society under the Ministry of Electronics and Information Technology (MeitY), celebrated its 33rd Foundation Day on 5th June 2024 at a special event held in New Delhi, Delhi.
  • The foundation day event was held under the theme “Positioning Bharat as a Tech Product Nation”.
  • STPI launched two new web portals, SayujNet, a networking and resource discovery platform, and STPI-Workspace, an STPI Workspace portal.

Software Technology Parks of India (STPI):

  • STPI, established on 5th June 1991, is registered as an autonomous society under the Societies Registration Act, 1860.
  • Director General (DG)- Arvind Kumar
  • Headquarters- New Delhi, Delhi

 

10)  Somalia Wins Non-Permanent Seat On UN Security Council:

  • Somalia has reached a major milestone by becoming the first country since the 1970s to have a non-permanent place on the UN Security Council.
  • This change, which was revealed after a vote in the 193-member UN General Assembly in which Somalia got 179 votes, is a major step forward in the country’s international relations and government after decades of civil war.
  • The seat is meant for East Africa, and Somalia won it without any competition.
  • After President Mohamed Siad Barre was removed from office in 1991, Somalia fell into civil war. Rival clans and leaders fought each other for years.
  • The UN and the African Union (AU) have played a big role in trying to settle the country and get central government back in place during these troubled decades.

 

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