We are here for you to provide the important Recent and Latest Current Affairs 1 June 2024, which have unique updates of Latest Current Affairs 2024 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.
Our Current Affairs June 2024 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Latest Current Affairs Quiz and Monthly Current Affairs 2024 PDF which will be a pedestrian to crack your exams.
Read Current Affairs in CareersCloud APP, Course Name – Learn Current Affairs – Free Course – Click Here to Download the APP
We are Hiring – Subject Matter Expert | CA Video Creator | Content Developers(Pondicherry)
Click here for Current Affairs 31 May 2024
Click here for Affairscloud Hindu Free Vocabs telegram channel
NATIONAL AFFAIRS
Central Council for Research in Ayurvedic Sciences Launches PRAGATI-2024
The Central Council for Research in Ayurvedic Sciences (CCRAS) has launched the Pharma Research in AyurGyan And Techno Innovation (PRAGATI-2024), an initiative to shape the future of Ayurveda.
- The launch took place on May 28 2024, at the India Habitat Centre, New Delhi, Delhi and inaugurated by Dr.Vaidya Rajesh Kotecha, Secretary of Ministry of Ayush.
- The initiative aims to boost research and innovation in Ayurveda by fostering collaboration between CCRAS and the Ayurveda drug industry.
- The aim of CCRAS is to reach each stakeholder and therefore it started giving scholarships thereby enabling the students to understand the importance of research.
Note: CCRAS is an autonomous body under the Ministry of AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy), Government of India (GoI), New Delhi, Delhi.
INTERNATIONAL AFFAIRS
UNDP & GEF Launched USD 135M Blue and Green Islands Integrated Programme to support SIDS
On 28th May 2024, the United Nations Development Programme (UNDP) and the Global Environment Facility (GEF) jointly launched a new USD 135 million Blue and Green Islands Integrated Program (BGI-IP), a transformative and comprehensive initiative designed to address pressing environmental challenges faced by Small Island Developing States (SIDS).
- The initiative was launched during the 4th International Conference on SIDS (SIDS4) held in Antigua and Barbuda from 27th to 30th May 2024 under the overarching theme of “Charting the course toward resilient prosperity”.
About Blue and Green Islands Integrated Program(BGI – IP):
i.BGI-IP will be managed by the UNDP and funded by the GEF and partners.
ii.This initiative aims to emphasise the crucial role of nature and expand nature-based solutions to combat environmental degradation in 3 key sectors, urban development, food production, and tourism.
iii.This will support 15 SIDS, which were selected through a competitive “Expressions of Interest” process, representing all SIDS sub-regions(the Caribbean, the Pacific, and the Atlantic, Indian Ocean and South China Sea (AIS)).
- The 15 SIDS selected out of the 39 SIDS are: Belize, Cape Verde, Comoros, Cuba, Maldives, Mauritius, Micronesia, Palau, Papua New Guinea, Saint Lucia, Samoa, Seychelles, Timor Leste, Trinidad & Tobago, and Vanuatu.
Features:
i.This will provide communities with resources to expand successful local initiatives to solve challenges faced by local people.
ii.This will support sustainable agriculture and fisheries, promote nature-friendly tourism, reduce pollution, and improve resilience to extreme weather events.
iii.This will also collaborate with the United Nations Environment Programme (UNEP), Food and Agriculture Organization of the United Nations (FAO), World Bank, World Wide Fund for Nature, the united States of America(WWF-USA), International Union for Conservation of Nature(IUCN) and United Nations Convention to Combat Desertification (UNCCD) to support sustainable economic diversification and job creation.
Key Points:
i.The BGI-IP addresses environmental degradation and systemic threats, such as those driven by cities, food systems, plastics, and forest land use.
ii.GEF supports a dedicated coordination platform, offering technical support and national-level capacity for integrated solutions, leveraging external funding for impactful outcomes.
Note: During the SIDS4, World leaders adopted the “Antigua and Barbuda Agenda for SIDS(ABAS): A Renewed Declaration for Resilient Prosperity”, and pledged to help SIDS to achieve their priorities over the next 10 years.
About Global Environment Facility (GEF):
GEF is a multilateral family of funds established on the eve of the 1992 Rio Earth Summit.
GEF Assembly is composed of all 186 member countries, or participants.
Chief Executive Officer (CEO) and Chairperson– Carlos Manuel Rodríguez
Headquarters– Washington, D.C., the United States of America (USA)
BANKING & FINANCE
NSE Indices Launched India’s 1st EV Index “Nifty EV and New Age Automotive Index”
On 30th May 2024, NSE Indices Limited, a subsidiary of National Stock Exchange of India Limited (NSE India), launched India’s 1st Electric Vehicle (EV) Index named “Nifty EV and New Age Automotive Index”.
- The index aims to track the performance of companies which are part of EV sector or engaged in the development of new-age automotive vehicles and associated technology.
About Nifty EV and New Age Automotive Index:
i.Index has a base date of 2nd April 2018 and base value of index is 1000.
ii.The index will be reconstituted semi-annually and rebalanced on a quarterly basis.
iii.The new index will act as benchmark for asset managers and will be reference index tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds and structured products.
Significance:
i.The index is in alignment with the vision of NSE which aims to provide innovative indices in line with market trends.
ii.It will facilitate in creation of products which will generate opportunity for asset managers to invest in EV and New Age Automotive market.
Note:
i.At present, there are 17 thematic indices on the NSE, which includes Nifty Commodities, Nifty India Consumption, Nifty CPSE, among others.
ii.NSE also operates Broad Market Indices like: Nifty Next 50, Nifty, Nifty 100 etc. and 15 sectoral indices like: Nifty Bank, Nifty IT and Nifty Auto.
iii.As of 31st March 2024, it owns and manages over 350 indices under the Nifty Brand including Nifty 50.
About NSE Indices Limited:
NSE Indices Limited was formerly known as India Index Services & Products Limited (IISL).
Chairman- Milind Barve
Managing Director (MD)- Mukesh Agarwal
Established- 1998
RBI Imposed Immediate Restrictions on Edelweiss Group’s EARCL and ECL Finance
On 29th May 2024, The Reserve Bank of India (RBI) in exercise of its powers given under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act, 2002) and the Reserve Bank of India Act, 1934, has imposed restrictions on Edelweiss Group entities- Edelweiss Asset Reconstruction Company Limited (EARCL) and ECL Finance Company Limited (ECL) on material supervisory concerns.
- As per RBI directions, ECL Finance Limited is not supposed to undertake any structured transactions in respect of its whole exposures with immediate effect, other than repayment or closure of accounts in its normal course of business.
- RBI has also barred EARCL from acquisition of financial assets including Security Receipts (SRs) and reorganizing the existing SRs into senior and subordinate tranches.
Reasons Behind RBI Directions:
i.During the supervisory examinations, RBI found that both Edelweiss entities were entered into a series of structured transactions for evergreening stressed exposures of ECL through the platform of EARCL and connected Alternate Investment Funds (AIFs) to circumvent applicable regulations.
ii.RBI observed incorrect valuation of SRs in both ECL and EARCL.
iii.RBI has found various discrepancies in case of ECL like:
- Submission of incorrect details of its eligible book debts to its lenders for computation of drawing power.
- Non-compliance with loan to value norms for lending against shares
- Incorrect reporting to Central Repository for Information on Large Credits system (CRILC), and non-adherence to Know Your Customer (KYC) guidelines.
iv.RBI has found EARCL in other violation such as: Not placing the supervisory letter issued by RBI after the previous inspection for 2021-2022 before the board of company, non-compliance with regulations related to settlement of loans and sharing of non-public information of its clients with group entities.
Note:
i.Security Receipts: It is a receipt or other security issued by an Asset Reconstruction Company (ARC) to eligible buyer as consideration for their acquisition of distressed assets from Banks or Non Banking Financial Companies (NBFCs).
ii.Evergreening of loans: It is an unethical process in which lender tries to avert loan default by extending more loans to same borrower.
About Edelweiss Group (Edelweiss Financial Services Limited):
It is one of the leading financial services conglomerates in India which offers wide range of financial products and services. Key lines of business are: Retail Credit, Asset Management, and Asset Reconstruction.
Chairman- Rashesh Shah
Headquarters- Mumbai, Maharashtra
About Reserve Bank of India(RBI):
Governor: Shaktikanta Das(25th Governor of RBI)
Headquarter: Mumbai, Maharashtra
Established: 1 April, 1935
CSFB Announces Bancassurance Corporate Agency Partnership with ICICI Lombard General Insurance 
Capital Small Finance Bank Limited (CSFB), India’s first Small Finance Bank (SFB) has announced a Bancassurance Corporate Agency Partnership with ICICI Lombard General Insurance Company Limited (ICICI Lombard).
Key Points:
i.This partnership enables CSFB to leverage its network and customer base to distribute ICICI Lombard’s comprehensive suite of general insurance products, including health, motor, home, travel, and rural insurance.
ii.The addition of ICICI Lombard to the bank insurance partners will enhance the range of insurance options for its customers, ensuring better financial security and convenience.
iii.The association with CSFB is a strategic move to increase ICICI Lombard General Insurance reach, especially with the CSFB’s presence in Northern India.
iv.It empowers the CSFB’s customers to be adequately risk covered and access ICICI Lombard’s wide range of innovative and tech-driven insurance solutions.
What is Bancassurance?
i.Bancassurance is an arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank’s client base.
ii.This partnership arrangement can be profitable for both companies.
About Capital Small Finance Bank Limited
Managing Director and Chief Executive Officer (MD & CEO) – Sarvjit Singh Samra
Headquarters – Jalandhar, Punjab
Established – April 24, 2016
About ICICI Lombard General Insurance Company Limited
It is one of the largest private sector General Insurance Company in India.
Managing Director and Chief Executive Officer (MD & CEO) – Sanjeev Mantri
Headquarters – Mumbai,Maharashtra
Established – 2001
Federal Bank Announces Bancassurance Partnership With Tata AIA Life Insurance
Federal Bank Limited, a private sector lender in India, has announced a Bancassurance Partnership with Tata AIA Life Insurance Company Limited. This will enable Federal Bank customers to access Tata AIA Life insurance companies’ products including term insurance, savings and wealth creation plans, retirement, and pension solutions etc.
i.Federal Bank’s network will enable Tata AIA to strengthen its footprint with this partnership.
ii.Federal Bank and Tata AIA Life Insurance focus on the technology-enabled, consumer-centric business model, adding to the synergies of the partnership.
Note: Bancassurance is an arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank’s client base.
PhonePe Launches Secured Lending Platform With Banks, NBFC and Fintech Firms
PhonePe, a leading Fintech firm, has launched secured lending products on its platform by partnering with banks, Non-Banking Financial Company (NBFCs) and other fintech firms.
- Phonepe aims to create a powerful and seamless user experience in the secured loans category.
- The customers can access lending solutions on the PhonePe app in six major categories: mutual fund, gold, bike, car, home and loans against property, and education loan.
- It connects lenders and millions of our customers across India on a single platform to meet their financial needs.
- It has partnered with Tata Capital Limited, L&T Finance Limited, Hero FinCorp Limited, Muthoot Fincorp Limited, DMI Housing Finance, Home First Finance, Rupyy, Volt Money and Gradright Edtech Private Limited for secured lending and more lenders will be added further.
- PhonePe has 15 active partners and aims to scale to 25 by the next quarter.
ECONOMY & BUSINESS
Morgan Stanley’s 2024 Global Economic Midyear Outlook Forecasts India’s Growth at 6.8% in 2024 & 6.5% in 2025
Morgan Stanley‘s report, the 2024 Global Economic Midyear Outlook, indicates that growth in India is becoming more broad-based across both on the consumer and business spending side. The report forecasts 6.8% growth in 2024 (against the Reserve Bank of India’s (RBI) 7%), and 6.5% in 2025, and inflation is expected to stay within the 2-6% comfort zone.
Note: Morgan Stanley is a global financial services firm operating in over 40 countries.
Key Growth Drivers:
India’s robust firm growth is driven by 3 megatrends:
- Global offshoring;
- Digitalization; and
- Energy transition
Key Findings:
i.Retail inflation stands at 4.83% in April 2024 (the lowest in the past 11 months), within RBI’s comfort zone (2 – 6 %) but slightly above the ideal scenario of 4%.
ii.India’s Gross Domestic Product (GDP) growth reached 8.4% in the October-December quarter of FY 2023-24, maintaining its position as the fastest-growing major economy.
Factors Driving Growth:
i.The stronger global growth benefits India, leading to higher export income, and support for domestic capital spending.
ii.There is potential for a rapid recovery in capital expenditures, driven by an enhanced business environment and policy reforms.
India’s Economic Landscape
India’s GDP is ranked 5th globally, after the United States (US), China, Germany, and Japan, with an estimated value of around USD 3.7 trillion.
Global Findings:
i.Morgan Stanley forecasts the US growth at 2.6% in 2024 and 2.1% in 2025, with moderate year-over-year (y-o-y) growth.
ii.The forecasted growth of China is at 4.8% in 2024 and 4.5% in 2025.
iii.For Japan, the forecasted nominal GDP growth is at 3.3% in 2024, down from 5.7% in 2023.
Key Points:
i.Morgan Stanley Economists anticipate a steady global economic growth of 3.1% for both 2024 and 2025.
ii.Despite data fluctuations and evolving rate expectations in the 1st half, global inflation rates are on a downward trajectory, contributing to economic stability.
About Morgan Stanley:
Chief Executive Officer (CEO)- Edward (Ted) Pick
Headquarters– New York, US
Founded in 1935
Coal India Incorporates New Arm for Coal-to-Chemicals Business
Coal India Limited (CIL) incorporated Bharat Coal Gasification and Chemicals Ltd (BCGCL), a subsidiary to pursue a coal-to-chemicals operation. BCGCL will produce ammonia and nitric acid as intermediate products and ammonium nitrate as end product
- CIL holds a majority 51% stake in BCGCL while the remaining 49% is owned by Bharat Heavy Electricals Limited (BHEL).
Background:
i.In February 2024,CIL signed a joint venture agreement with BHEL to undertake coal-to-chemicals business. NITI Aayog and the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, have given the clearance to form the JV between CIL and BHEL.
ii.CIL is a ‘Maharatna’ Central Public Sector Enterprise (CPSE) under the Ministry of Coal (MoC) and BHEL is a ‘Maharatna’ CPSE under Ministry of Heavy Industries and Public Enterprises (MoHI&PE).
Additional info: CIL has also signed a Memorandum of Understanding (MoU) with GAIL (India) Limited to set up a coal-to-synthetic natural gas project at Eastern Coalfields Limited (ECL), in Burdwan, West Bengal, at an estimated cost of Rs 13,052 crore.
AWARDS & RECOGNITIONS
Reliance, Tata Group & Serum Institute Featured on TIME100 Most Influential Companies 2024
i.Three Indian Companies namely Reliance Industries Limited (RIL), Tata Group and Serum Institute of India (SII) are featured on the “TIME100 Most Influential Companies 2024” published by TIME, the New York based American Magazine.
- This is the 4th edition of TIME’s annual list featuring world’s most Most Influential Companies.
- RIL and Tata Group are been featured under the “Titans” category and SII is featured under the “Pioneer” category.
ii.Rare Beauty, founded by American Singer and Actor Selena Gomez, is featured under the “Leaders” categories.
iii.The list also featured noted companies like Microsoft, TikTok, Disney, Pfizer and Bank of America under Titans category; Google and Huawei under Innovators category.
About TIME Magazine:
CEO– Jessica Sibley
Headquarters- New York, The United States of America (USA)
Created in- 1923
>> Read Full News
APPOINTMENTS & RESIGNATIONS
India First Time Takes Over the Chairmanship of the Colombo Process For 2024-2026
India has taken over the chairmanship of the Colombo Process for the term (2024 – 2026). It is the first time that India has assumed the chairmanship of the Colombo Process since its inception in 2003.
- It marks a significant step in India’s efforts to enhance cooperation and address the challenges faced by migrant workers.
About Colombo Process:
i.Colombo Process is a regional consultation process of migrant worker origin countries from South and SouthEast (SE) Asia.
ii.It is a non-binding process that facilitates discussions on improving the management of migration and protecting the rights of migrant workers.
iii.It also serves as a forum for exchange of best practices on overseas employment.
iv.The Colombo Process has 12 member states of Asia and 8 observer states.
- The 12 Member States are: Afghanistan, Bangladesh, China, India, Indonesia, Nepal, Pakistan, the Philippines, Sri Lanka, Thailand, Vietnam and Cambodia.
- The 8 observer states are: Bahrain, Italy, Kuwait, Malaysia, Qatar, Republic of Korea, Saudi Arabia and the United Arab Emirates (UAE).
v.The Process is coordinated through Permanent Missions of Member States at the United Nations (UN) in Geneva, Switzerland and governed by Ministerial Consultations wherein action plans are discussed and adopted by the Ministers of the participating countries.
vi.Under the chairmanship of Sri Lanka (2013 to 2017), the Colombo Process has operationalised five Thematic Working Area Groups (TAWGs) that includes:
- Promoting skill qualifications and recognition
- Fostering ethical recruitment
- Promoting pre-departure orientation and empowerment
- Reducing the cost of remittance transfer
- Tracking labour market trends.
vii.The fifth ministerial consultation held in Colombo, Sri Lanka in August 2016 to include four new thematic areas namely, promoting migrant health, operationalizing migrant related goals in Sustainable Development Goals (SDGs), promoting equality of women migrant workers and enhancing consular support for migrant workers.
India’s Role and Contribution:
i.India has actively participated in the Colombo Process since its beginning.
ii.It has participated in ministerial consultations, senior officer meetings, and Thematic Area Working Groups (TAWGs)
IRDAI Approves Appointment of Sandeep Batra as ICICI Prudential Board Chairman; Incumbent M. S. Ramachandran Set to Retire
The Insurance Regulatory and Development Authority of India (IRDAI) has approved the appointment of Sandeep Batra, as Chairman of the Board of Directors of ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life), effective from 30 June 2024.
- He will replace the incumbent M S Ramachandran, who is set to retire as Chairman of the Board on 30 June 2024, having already completed the maximum age limit of 75 years.
About Sandeep Batra:
i.Batra has been associated with ICICI Group since 2000 and has been an Executive Director on the Board of ICICI Bank since 2018.
ii.He also serves on the board of ICICI Prudential Life Insurance, ICICI Lombard General Insurance, ICICI Prudential Asset Management, and ICICI Ventures.
iii.He has been a founder member of ICICI Prudential Life, where he worked as Chief Financial Officer (CFO) from September 2000 till 2006.
iv.He also served as Executive Director and a member of its Board from January 2014 to July 2018 and as a Group Compliance Officer at ICICI Bank.
About M. S. Ramachandran:
i.Mr. Ramachandran is the Non-executive Independent Director and Chairman of the ICICI Prudential Board.
ii.He has served as the Chairman of Indian Oil Corporation Limited, Chennai Petroleum Corporation Limited, etc.
iii.He has served as a Member of the Governing Council of India Habitat Centre.
iv.He has also served as a Director on the Board of ICICI Bank Limited.
About ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life):
ICICI Prudential Life was incorporated on 20 July 2000 as a public limited company under the Companies Act, of 1956, and commenced Operations in 2001.
It is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited
MD & CEO-Mr. Anup Bagchi
Headquarters– Mumbai, Maharashtra
ACQUISITIONS & MERGERS
Shinhan Bank Receives CCI Approval To Acquire 11% Stake in HDFC Credila
Competition Commission of India (CCI) approved the acquisition of up to approximately 11% shareholding by South Korea Based Shinhan Bank Co., Ltd. in HDFC Credila Financial Services Limited (HDFC Credila) by way of subscription to shares of HDFC Credila.
Note:
i.Shinhan Bank is part of the Shinhan Financial Group, a multinational bank that has been operating in India since 1996.
ii.HDFC Credila Financial Services Limited is the Reserve Bank of India (RBI) registered non-deposit taking Non-Banking Financial Company (NBFC) which provides education loans in India and overseas.
CCI Approves Matrix Pharma To Acquire 100% Stake in Tianish Laboratories
The CCI has also granted approval for Matrix Pharma Private Limited to acquire 100% stake in Tianish Laboratories Private Limited.
Key Points:
i.Mudhra Labs Private Limited, the parent company of Matrix Pharma, will make a partial investment in optionally convertible debentures to support the transaction.
ii.On May 28 2024, CCI has also approved Kingsman Wealth Fund PCC’s investment in Compulsory Convertible Preference Shares (CCPS) of Mudhra Life Sciences, Matrix Pharma’s parent company.
iii.The funds from these investments will be used by Matrix Pharma for the acquisition of Tianish Laboratories.
Note:
Tianish Laboratories Private Limited has been incorporated in 2023 to carry out the business of manufacture and sale of active pharmaceutical ingredients in India.
IMPORTANT DAYS
World No-Tobacco Day 2024 – May 31
World No-Tobacco Day (WNTD) is annually observed across the globe on 31st May to draw attention to the global tobacco epidemic, and the preventable death and disease caused by tobacco.
- WNTD aims to inform the general public on the dangers of using tobacco, and the business practices of tobacco companies.
- The observance of WNTD is led by the World Health Organisation (WHO).
The theme of WNTD 2024 is “Protecting children from tobacco industry interference”.
Background:
i.The WHO established World No Tobacco Day in 1987 to highlight the tobacco epidemic and the preventable death and disease it causes.
ii.The World Health Assembly(WHA) adopted the resolution WHA40.38 in 1987 and proclaimed the 7th of April of every year as World No Smoking Day.
iii.In 1988, WHA passed a resolution WHA42.19 and called for the celebration of 31st May of every year as World No Tobacco Day.
>> Read Full News
International Week of Solidarity with the Peoples of Non-Self-Governing Territories 2024 – 25 to 31 May
The United Nations (UN) International Week of Solidarity with the Peoples of Non-Self-Governing Territories is annually observed across the globe from 25th to 31st May to protect and guarantee the inalienable rights and resources of the peoples of the Non-Self-Governing Territories, including land.
The 2024 International Week of Solidarity with the Peoples of Non-Self-Governing Territories was observed from 25th to 31st May 2024.
Background:
i.The United Nations General Assembly (UNGA), by its resolution A/RES/54/91 “Implementation of the Declaration on the Granting of Independence to Colonial Countries and Peoples” of December 1999 called for the annual observance of the Week of Solidarity with the Peoples of Non-Self-Governing Territories, beginning on 25 May.
ii.The first-ever International Week of Solidarity with the Peoples of Non-Self-Governing Territories was observed from 25th to 31st May 2000.
>> Read Full News
World Multiple Sclerosis Day 2024 – May 30
World Multiple Sclerosis (World MS) Day, an international awareness day is annually observed across the globe on 30 May to raise awareness about Multiple Sclerosis, a long-lasting (chronic) autoimmune disease of the central nervous system (brain and spinal cord), and campaign with everyone affected by MS.
- The annual observance of World MS Day is coordinated by the MS International Federation (MSIF) and its members.
The theme for World MS Day 2024-2025 is “Diagnosis” under the campaign name “My MS Diagnosis” and the tagline is “Navigating MS Together“.
Note: Each campaign is developed by MSIF and a global working group with representatives from the United States (US), Greece, Argentina, Australia, India, Kenya, Tunisia, Spain, and the United Kingdom (UK).
Significance:
i.The 2024 observance advocates for early and accurate diagnosis for everyone living with MS.
ii.It highlights global barriers to diagnosing MS and raises awareness through real stories and data.
Background:
i.The World MS Day was initiated by the MS International Federation (MSIF), the only global network of MS organisations and its members.
ii.The 1st World MS Day was observed in 2009.
About Multiple Sclerosis (MS):
i.MS is a common disease of the central nervous system. It involves damage to myelin, the protective fatty material insulating nerves.
- Myelin ensures rapid and efficient transmission of nerve impulses, enabling smooth, coordinated movements.
ii.Loss of myelin (demyelination) disrupts nerve impulse conduction, causing MS symptoms including blurred vision, weak limbs, tingling sensations, etc.
Note: For some people, MS is characterised by periods of relapse and remission while, for others, it has a progressive pattern.
Key Facts:
i.MS affects over 2.8 million people worldwide and every 5 minutes, someone, somewhere in the world is diagnosed with MS.
ii.MS affects children as well as adults, with at least 30,000 people under 18 living with MS.
iii.MS is 2 to 3 times more common in women than in men, with females constituting 69% of MS cases, compared to males at 31%.
iv.83% of countries worldwide face issues that prevent an early diagnosis of MS.
About Multiple Sclerosis International Federation (MSIF):
It is a charity registered with the Charity Commission of England and Wales and a UK company limited by guarantee.
Chief Executive Officer (CEO)- Peer Baneke
Headquarters– London, UK
Established in 1967
*******
List of Less Important News – Click Here
Current Affairs Today (AffairsCloud Today)