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Defence Ministry released ‘2nd Positive Indigenisation List’ of 108 items for Self-Reliance & Defence ExportsOn 31st May 2021, the Defence Minister, Rajnath Singh approved the ‘Second Positive Indigenisation List’ comprising 108 items.2nd Positive Indigenisation List is proposed by Department of Military Affairs, Ministry of Defence (MoD).
i.This is taken as a part of “Aatmanirbhar-Bharat” to improve self-reliance in defence procurement, enhance India’s defence exports.
ii.The defence items will be allowed for local manufacturing in a phased manner from December 2021 to December 2025.
iii.India is the 2nd largest Arms importer during the period 2016-20, only behind Saudi Arabia.
About Ministry of Defence:
Union Minister – Rajnath Singh (Constituency – Lucknow, UP)
Minister of State (I/C) – Shripad Yesso Naik (Constituency – North Goa, Goa)
Defence Secretary – Ajay Kumar
>>Read Full News
‘PM- CARES for Children’ scheme launched to support children against COVID-19Prime Minister Narendra Modi launched a new scheme under PM-CARES for children who affected in COVID-19. Children who have lost both parents or surviving parent or legal guardian/adoptive parents due to Covid 19 will be supported under ‘PM-CARES for Children’ scheme.
The supportive measures are:-
i.Each child will receive a monthly financial support once they attain 18 years of age for next five years and they will get a fund of Rs.10 lakh when they turn 23.
ii.Children under 10 years and Children between 11 to 18 years will be given admission to Central Government schools or in private schools.
iii.Expenditure of School fees,uniform,and textbooks will be provided under PM-CARES fund.
iv.The children can get loan for their higher education, and PM CARES will pay interest of loan.
v.Free health insurance cover of Rs. 5 lakhs will be given to the children under Ayushman Bharat Scheme (PM-JAY) and premium amount till the age of 18 years will be paid by PM CARES.
A public charitable trust under the name of ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)’ has been set up in 2020 to provide financial assistance of any kind relating to a public health emergency, calamity or distress, either man-made or natural.
- Prime Minister is the ex-officio Chairman of the PM CARES Fund
43rd GST Council Meet: FM Announced Amnesty Scheme for Reducing Late FeesThe 43rd Goods and Services Tax (GST) Council met virtually under the Chairmanship of Union Finance & Corporate Affairs Minister Nirmala Sitharaman recommended the ‘Amnesty Scheme’ to reduce the late fees payable for pending returns by small taxpayers & medium-sized taxpayers (aggregate turnover upto Rs 5 crore).
i.Relaxation Period for Trade Facilitation:
Those taxpayers who are registered under GST and have not filed their returns, GSTR-3B for the tax periods from July, 2017 to April, 2021 can avail the benefit of this Amnesty Scheme. Those returns have to be filed on or before 31st August, 2021(Relaxations came to effect on June 01,2021).
ii.COVID-19 related Supplies exempted from IGST
COVID-19 related goods have been recommended for full exemption from Integrated Goods & Services Tax (IGST) till August 31, 2021 and Amphotericin B, a key medicine for the treatment of black fungus is also recommended to be included in the list of items exempted from IGST.
About GST Council:
i.It was constituted on 15th September 2016 under Article 279A of the Constitution.
ii.It is an apex member committee to modify or to procure any law or regulation based on the context of GST in India.
iii.The council is headed by the union finance minister (Current- Nirmala Sitharaman) assisted by the finance minister of all the states of India.
>>Read Full News
74th World Health Assembly of WHO Held Virtually
74th session of the World Health Assembly (WHA) of World Health Organization (WHO) held virtually from Geneva, Switzerland amid COVID-19, from 24th May to 31st May 2021.The theme of the 74th WHA is “Ending this pandemic, preventing the next: building together a healthier, safer and fairer world”.
Mrs.Dechen Wangmo, Health Minister of Bhutan has been elected as the President of the 74th WHA.
Target – To achieve vaccination of at least 10% of the population of all countries by September,2021 and at least 30% by the end of 2021.
Highlights of the 74th WHA:
- January 30 Declared as World Neglected Tropical Diseases (NTD) Day
- Dr.Harsh Vardhan Presented the Highlights of 147th and 148th sessions
- 74th WHA adopts new resolution on malaria
- WHA extended the GCM for Non Communicable Diseases until 2030
- WHA approves Implementation roadmap for achieving SDG target on NCD
About World Health Organization (WHO):
Director General – Dr Tedros Adhanom Ghebreyesus
Headquarter – Geneva, Switzerland
>>Read Full News
BANKING & FINANCE
RBI Cancelled Licence Of Pune-Based Shivajirao Bhosale Sahakari BankThe Reserve Bank of India (RBI) has cancelled the licence of Pune-based Shivajirao Bhosale Sahakari Bank as the bank does not have adequate capital and earning prospects.
- And also the bank does not comply with the certain provisions of the Banking Regulation Act, 1949.
i.According to the data provided by the bank, Deposit Insurance and Credit Guarantee Corporation (DICGC) will provide a full deposit amount to more than 98 percent of the depositors.
ii.A liquidator will be appointed and the bank will be wound up by the Registrar of Cooperative Societies, Maharashtra.
iii.Shivajirao Bhosale Sahakari Bank has been prohibited from conducting the business of banking, including acceptance of deposits and repayment of deposits.
As per DICGC rules, each depositor in a bank is insured up to Rs 5 lakh for both the principal and interest amount on deposits held by him in that particular bank.
RBI Announced FPIs Investment Limits in G-secs, SDLs for FY22 at 6%, 2%On May 31,2021, Under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India(RBI) had fixed the limits for Foreign Portfolio Investors (FPI) investment in Government securities (G-secs) and State Development Loans (SDLs) unchanged at 6 percent and 2 percent respectively, of outstanding stocks of securities for FY22.
Other Investment Limits:
i.The allocation of incremental changes in the G-sec limit (in absolute terms) over the two sub-categories – ‘General’ and ‘Long-term’ – also retained by RBI at 50:50 for FY22.
ii.RBI has added the entire increase in limits for SDLs (in absolute terms) to the ‘General’ sub-category of SDLs.
About Foreign portfolio investment (FPI):
It is investments that consist of securities and other financial assets held by investors in another country. It does not provide the investor with direct ownership of a company’s assets.
>>Read Full News
PSBs to Lend up to Rs 5 Lakh to Individuals for Covid-19 TreatmentIndian Banks’ Association(IBA) and State Bank of India(SBI) announced that all Public Sector Banks (PSBs) will provide unsecured personal loans between Rs 25,000 to Rs 5 lakh to salaried, non-salaried and pensioners for COVID-19 treatment cost (to them and their family members).
- The repayment tenure of those loans will be 5 years and SBI would charge interest of 8.5 percent per annum and other banks are made free to decide their interest rate.
Healthcare Facilities Loan:
i.PSB will also provide loans for healthcare facilities, firms in Metro cities could avail upto Rs 100 crore to setup/expand healthcare infrastructure and to manufacturers vaccine and ventilators.
ii.Loans of up to Rs 20 crore could be availed by firms in Tier 1 and urban centres, and firms in Tier II to Tier IV could avail up to Rs 10 crore. For all categories, the loan tenure is about 10 years.
About Indian Banks’ Association(IBA):
Establishment – 1946
Headquarters – Mumbai, Maharashtra
Chief Executive – Shri Sunil Mehta
>>Read Full News
ECONOMY & BUSINESS
India’s GDP Contracts by 7.3% in FY21, Rises 1.6% in Q4: NSOThe National Statistical Office (NSO), Ministry of Statistics and Programme Implementation, estimated India’s Gross Domestic Product (GDP) growth for Q4 FY21 at 1.6 percent with a contraction of 7.3(-7.3) percent for FY21(Earlier projection 8(-8) percent) against 4 percent expansion in FY20.
- This is the 1st full-year contraction in the Indian economy in the last 4 decades since 1979-80 when GDP had shrunk by 5.2 percent.
- Gross Value Added(GVA): In FY21, India’s GVA in economy reduced by 6.2 percent, compared to a 4.1 percent rise in FY20. GVA in Q4 recorded a growth of 3.7 percent, compared to 1 percent in Q3. GVA contracted 22.4 percent and 7.3 percent in Q1 and Q2 of FY21.
About Ministry of Statistics and Programme Implementation:
Minister of State (MoS), Independent Charge – Rao Inderjit Singh
>>Read Full News
OECD Revised India’s 2021 Growth Forecast to 9.9%; Hiked the Global GDP Growth for 2021 at 5.8%On May 31, 2021, The Organisation for Economic Co-operation and Development (OECD), in its Economic Outlook, reduced India’s Gross Domestic Product (GDP) growth forecast in 2021 to 9.9 percent from its earlier projection of 12.6 percent (March 2021).
- Due to the COVID-19, it projected GDP growth for India at 10 percent in FY22 and ~8.25 percent in FY23.
- Global Growth Forecast: OECD revised its Global GDP growth for 2021 to 8 percent from its earlier projection of 4.2 percent (December 2020). It also expects the global GDP to grow at 4.4 percent in 2022.
About Organisation for Economic Co-operation and Development (OECD):
Headquarters -Paris, France
Secretary-General – Mathias Cormann
Members Countries – 38, Costa Rica has become the OECD’s 38th Member country.
>>Read Full News
AWARDS & RECOGNITIONS
Harsh Vardhan Won WHO Director-General Special Award For Efforts In Tobacco ControlOn account of the World No Tobacco Day, World Health Organisation (WHO) has awarded Union Health Minister Harsh Vardhan with ‘WHO Director-General Special Award’ for banning E-cigarettes & heated tobacco products.
i.Along with Harsh Vardhan, Tobacco Control Research Group, University of Bath, United Kingdom of Great Britain and Northern Ireland also won ‘WHO Director-General Special Recognition Award’.
ii.Also WHO has given World No Tobacco Day Award in South East region category to,
- Madhya Pradesh Voluntary Health Association(MPVHA) and
- Uttar Pradesh Tobacco Control Cell
along with one organisation each from Nepal, Thailand, Indonesia and Sri Lanka.
iii.MPVHA is the first civil society organisation in India that has received this prestigious award.
i.World No Tobacco Day 2021 was celebrated on 31st May 2021.
ii.The 2021 theme and campaign of World No Tobacco Day is “Commit to Quit”.
>>Read Full News
Aashritha V Olety Becomes India’s 1st Woman Flight Test Engineer
Aashritha V Olety, an officer of the Indian Air Force (IAF) became the first and the only woman in the history of IAF to ever qualify as a flight test engineer.
- She will be responsible for evaluating aircraft and airborne systems before their induction into the armed forces.
- She has graduated as part of the 43rd Flight Test Course.
- There are only 275 graduates to have ever cleared the course since its inception in 1973.
APPOINTMENTS & RESIGNATIONS
J B Mohapatra Becomes Interim Chairman Of CBDTOn 31st May 2021,Jagannath Bidyadhar Mohapatra (J B Mohapatra), a 1985-batch Indian Revenue Service officer, was appointed as the interim chairman of Central Board of Direct Taxes (CBDT).
- He will succeed Pramod Chandra Mody whose extended tenure ended on 31st May 2021.
- The appointment was made by a competent authority of the Revenue Department.
- He is appointed for a period of three months or till the appointment of a regular chairman, whichever is earlier.
About J B Mohapatra:
i.J B Mohapatra has been recently appointed as a member of CBDT along with other two members Anu J Singh and Anuja Sarangi.
ii.Before this appointment, he was serving as the principal chief commissioner of Income Tax for the Andhra Pradesh and Telangana region.
About the Central Board of Direct Taxes (CBDT):
i.CBDT is the administrative and policy-making body for the Income Tax Department.
ii.The CBDT is headed by a chairman and can have six members. All of these officers are in the rank of special secretary.
T V Narendran Elected As New President Of CIIThe Confederation of Indian Industry (CII) has elected Tata Steel Ltd Chief Executive Officer(CEO) and Managing Director(MD) T.V. Narendran , as its President for the year 2021-22.
- He will succeed Uday Kotak,MD & CEO of Kotak Mahindra Bank Ltd, who has completed his term.
About T.V. Narendran:
i.T.V. Narendran was the Chairman of CII Eastern Region during 2016-17.
ii.He has also led CII National Committees on Leadership and Human Resources besides being Chairman of CII Jharkhand.
Sanjiv Bajaj, Chairman and Managing Director (CMD) of Bajaj Finserv Ltd., has been elected as president-designate of CII for 2021-22.
Pawan Munjal, Chairman and Chief Executive Officer of Hero MotoCorp,has been elected as CII vice-president for 2021-22.
“Jayanti”- new species of Spider Cricket discovered in ChhattisgarhA Team of zoologists headed by Dr Ranjana Jaiswara of the Zoology Department of Panjab University have discovered a new species of Spider Cricket in the Kurra caves of Chhattisgarh. The findings were published in the journal ‘Zootaxa’.
The researchers have named the new subgenus as “Jayanti” to honour Professor Jayant Biswas, one of India’s leading cave explorers.
They are Cricket species identified under the genus Arachnomimus Saussure, 1897 and the new subgenus ‘Indimimus’.
Unique Features of Jayanti:
i.Distinct lock-and-key model genitalia structure
ii.Unique way of Vibrational communication
- Normally, Crickets produce loud calls for matting using their wings. But Jayanti has no wings, instead it uses a Vibrational communication by beating their abdomen or any other body part.
2021 ASBC Asian Boxing Championships held in Dubai – India’s Sanjeet Kumar & Pooja Rani wins GoldAsian Boxing Confederation (ASBC) Asian Elite Men and Women Boxing Championships was conducted between May 21 to June 1 in Dubai, UAE. The event was organised by Boxing Federation of India (BFI) in association with UAE Boxing Federation.
i.The 19-member Indian contingent ended up with their best ever tally of 15 medals.
ii.Sanjeet Kumar defeated the five-time Asian Championships medallist and 2016 Olympic silver medalist Vassiliy Levit of Kazakhstan in the Finals.
iii.Pooja Rani Bohra won her 2nd consecutive continental title.
About Boxing Federation of India (BFI):
President – Ajay Singh
Headquarters – Gurugram, Haryana
>>Read Full News
Eric Carle Author of ‘The Very Hungry Caterpillar’ Passed Away
Eminent Author, German-American designer & Illustrator, Eric Carle passed away at the age of 91 in Northampton, Massachusetts, United States (U.S.). He was well known for his picture book, ‘The Very Hungry Caterpillar’, which was translated into more than 66 languages and sold more than 50 million copies.He was born in Syracuse, New York, United States (U.S.).
Global Day of Parents 2021 – June 1The United Nations(UN)’s Global Day of Parents is annually observed across the globe on 1st June to honour and appreciate parenthood throughout the world.
The day also highlights the parents commitment to children and their sacrifice towards nurturing the relationship between parents and children.
i.The United Nations General Assembly(UNGA) adopted the resolution A/RES/66/292 in 2012 and proclaimed June 1 of every year as the Global Day of Parents.
ii.The first ever Global Day of Parents was observed on 1st June 2013.
>>Read Full News
World Milk Day 2021 – June 1World Milk Day is annually observed across the globe on June 1 to create awareness about milk and to highlight the importance of milk and dairy products as a global food.
The day aims to celebrate the dairy sector across the globe and to promote the activities connected with the milk and milk industry.
- The theme of World Milk Day 2021 focuses on Sustainability in the dairy sector with messages around the environment, nutrition and socio-economics.
i.World Milk Day was established by the Food and Agriculture Organisation (FAO) of the United Nations(UN) in 2001.
ii.The first world Milk Day was observed on 1st June 2001.
>>Read Full News
World Blood Cancer Day 2021 – May 28World Blood Cancer Day is annually observed across the globe on 28th May to mark their support to the people with Blood Cancer.
World Blood Cancer Day was created by the DKMS in 2014.
Blood and Bone Marrow Cancer:
i.Most blood and bone marrow cancer are also called hematologic cancers which start in the bone marrow, the source of blood.
ii.Types: The three major types of blood and bone marrow cancer are
iii.Therapy and treatment: Some of the most common treatment for blood and bone marrow cancer are,
- Stem cell transplantation
- Radiation therapy
i.DKMS is an international nonprofit organization dedicated to the fight against blood cancer and blood disorders.
ii.DKMS was founded on 28th May 1991.
Amnesty International Day 2021 – May 28Amnesty International Day is annually observed on 28th May to mark the establishment of Amnesty International, an international non-governmental organization focused on human rights, based in London, the United Kingdom(UK).
Amnesty International was founded in 1961, following the publication of the article “The Forgotten Prisoners” by the lawyer Peter Benenson in “The Observer” newspaper on 28th of May 1961.
About Amnesty International:
Amnesty International is a worldwide organisation for the protection of the rights of prisoners of conscience.
To conduct research and generate action to prevent and to eliminate the violation of human rights and to demand justice for those whose rights have been violated.
i.Amnesty International was honoured with the 1977 Nobel Peace Prize “for worldwide respect for human rights.”
ii.The organisation received the United Nations Prize in the Field of Human Rights in 1978.
Kerala CM Pinarayi Vijayan: Guidelines for Smart Kitchen Scheme to be Ready by July 2021Pinarayi Vijayan Chief Minister(CM) of Kerala has announced that the 3 member Secretary level committee is set to make the guidelines and recommendations for the Smart Kitchen scheme by 10th July 2021.
About the Smart Kitchen Scheme:
To account for and reduce the workload of women’s domestic labour.
Under the Smart Kitchen Scheme, the government of Kerala will provide a loan to refurbish the Kitchen with a low-interest rate in the instalment scheme.
i.The Kerala State Financial Enterprises(KSFE) is set to start a chit fund Scheme for the Smart Kitchen scheme of Kerala.
ii.This aims to ensure access to home appliances in every household in Kerala.
iii.The KSFE loan for the Smart Kitchen project will be repayable within a year to 5 years.
iv.The interest on the loan will be divided into 3 and the beneficiary housewife is required to pay only one-third of the amount the remaining will be paid by the local self-government body and state government.
UNESCO Sites– Shendurney Wildlife Sanctuary, Achankovil Forest Division, Eravikulam National Park, Chinnar Wildlife Sanctuary, Attapadi Reserve Forest
Ramsar sites– Sasthamkotta Lake, Ashtamudi Wetland, Vembanad-Kol Wetland
Goa CM Pramod Sawant Launched Solar Based Electrification Programme for Rural HouseholdsPramod Sawant, Chief Minister(CM) of Goa has launched a solar based Electrification Programme to provide clean affordable and reliable energy for the rural households of Goa.
The solar photovoltaic (PV)-based lighting system is a green initiative of the Convergence Energy Services Limited(CESL) and Goa Energy Development Agency (GEDA).
- The program aims to provide electricity through renewable energy in the areas where grid connectivity is not attainable.
CESL & GEDA Partners to install Solar Home Lighting in Rural household:
The Convergence Energy Services Limited (CESL), wholly owned subsidiary of Energy Efficiency Services Limited (EESL) signed an agreement with the Goa Energy Development Agency (GEDA) to install solar home lighting system in remote rural households of Goa.
National Park– Mollem National Park
Airport– Goa International Airport
>>Read Full News
HK Dwivedi Becomes West Bengal’s Chief Secretary;Alapan Bandyopadhyay Becomes Chief Advisor To West Bengal’s CMThe 1988 IAS batch officer Hari Krishna(HK) Dwivedi has been appointed as the new Chief Secretary of West Bengal.Department of Personnel and Training (DoPT) invoked Rule 6(I) of the Indian Administrative Service (cadre) Rules, 1954 to place the services of West Bengal Chief Secretary Alapan Bandyopadhyay with the Government of India.
- Hari Krishna Dwivedi has been appointed by the central government.
- He is currently serving as the Home secretary of West Bengal.
Alapan Bandyopadhyay Appointed as New Chief Advisor to CM of West Bengal
Meanwhile, Alapan Bandyopadhyay has been appointed as New Chief Advisor to the Chief Minister(CM) of West Bengal.
- Alapan Bandyopadhyay has been appointed for a period of three years by Mamata Banerjee.
- He has been previously serving as the chief secretary of West Bengal and retired on 31st May 2021.
Other Appointment – B.P. Gopalika was appointed as the Additional Chief Secretary (Home).
About Rule 6(1) of IAS Rules, 1954:
Rule 6(1) of the Indian Administrative Service (cadre) rules, 1954 states: A cadre officer may, with the concurrence of the state governments concerned and the central government, be deputed for service under the central government or another state government or under a company, association or body of individuals, whether incorporated or not, which is wholly or substantially owned or controlled by the central government or by another state government.
About West Bengal:
Governor: Jagdeep Dhankhar
Chief Minister:Mamata Banerjee
Current Affairs Today (AffairsCloud Today)
|Current Affairs 2 June 2021
|Defence Ministry released ‘Second Positive Indigenisation List’ of 108 items for self-reliance & defence exports
|PM CARES For Children- Empowerment of COVID Affected Children launched for support & empowerment of Covid affected children
|43rd GST Council Meet: FM Announced Amnesty Scheme for Reducing Late Fees
|74th World Health Assembly held from 24 May 2021- 31 May 2021
|RBI Cancelled Licence Of Pune-Based Shivajirao Bhosale Sahakari Bank
|RBI Announced FPIs Investment Limits in G-secs, SDLs for FY22 at 6%, 2%
|PSBs to Lend up to Rs 5 Lakh to Individuals for Covid-19 Treatment
|India’s GDP Contracts by 7.3% in FY21, Rises 1.6% in Q4: NSO
|OECD Revised India’s 2021 Growth Forecast to 9.9%; Hiked the Global GDP Growth for 2021 at 5.8%
|Harsh Vardhan Won WHO Director-General Special Award For Efforts In Tobacco Control
|Aashritha V Olety Becomes India’s 1st Woman Flight Test Engineer
|J B Mohapatra Becomes Interim Chairman Of CBDT
|T V Narendran Elected As New President Of CII
|“Jayanti”- new species of Spider Cricket discovered in Chhattisgarh
|2021 ASBC Asian Boxing Championships held in Dubai – India’s Sanjeet Kumar & Pooja Rani wins Gold
|Eric Carle: Very Hungry Caterpillar author dies aged 91
|Global Day of Parents 2021 – June 1
|World Milk Day 2021 – June 1
|World Blood Cancer Day 2021 – May 28
|Amnesty International Day 2021 – May 28
|Kerala CM Pinarayi Vijayan: Guidelines for Smart Kitchen Scheme to be Ready by July 2021
|Goa CM Pramod Sawant Launched Solar Based Electrification Programme for Rural Households
|HK Dwivedi Becomes West Bengal’s Chief Secretary;Alapan Bandyopadhyay Becomes Chief Advisor To West Bengal’s CM