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- Which Central Public Sector Undertakings (CPSU) has recently (in June 2024) received the ‘Navratna status’ from the Department of Public Enterprises, Ministry of Finance?
1) Indian Renewable Energy Development Agency Ltd
2) Chennai Petroleum Corporation Limited
3) Central Coalfields Limited
4) Mazagon Dock Shipbuilders Limited
5) Grid Controller of India LimitedAnswer-4) Mazagon Dock Shipbuilders Limited
Explanation:
i. The Department of Public Enterprises(DPE), under the Ministry of Finance(MoF), has granted the ‘Navratna’ status to Mazagon Dock Shipbuilders Limited (MDSL), a Central Public Sector Undertaking(CPSU) under the Ministry of Defence(MoD).
ii. Navratna companies can invest up to Rs. 1,000 crore or 15% of their net worth in a single project, and up to 30% of their net worth in a year, provided these investments do not exceed Rs.1,000 crore. - Name the Central Public Sector Undertakings (CPSU) that has recently (in June ‘24) received the ‘Mini RATNA (Category-1) Status’ from the Department of Public Enterprises, Ministry of Finance.
1) National Fertilizers Limited
2) Housing and Urban Development Corporation Limited
3) Central Electronics Limited
4) Central Warehousing Corporation
5) Rail Vikas Nigam LimitedAnswer-3) Central Electronics Limited
Explanation:
• Central Electronics Limited (CEL), a Central Public sector undertaking(CPSU) under the Department of Scientific and Industrial Research (DSIR), Ministry of Ministry of Science and Technology(MoST), has received the ‘Mini RATNA (Category-1)’ Status from the Department of Public Enterprises.
Note: Dr. Jitendra Singh, Union Minister of State (MoS) Independent Charge (IC), MoST), announced the grant of Mini Ratna status for CEL during the Golden Jubilee(50 years) celebration of CEL at its Ghaziabad campus in Uttar Pradesh(UP). - Which ministry has recently (in June ‘24) launched a nationwide campaign on Tobacco Free Educational Institutions (ToFEI)?
1) Ministry of Consumer Affairs, Food and Public Distribution
2) Ministry of Food Processing Industries
3) Ministry of Health & Family Welfare
4) Ministry of Education
5) Ministry of Statistics and Programme ImplementationAnswer-4) Ministry of Education
Explanation:
The Ministry of Education(MoE), Government of India (GoI) as part of the National Tobacco Control Programme (NTCP), has launched a nationwide campaign on Tobacco Free Educational Institutions (ToFEI)
• With regard to this campaign, the Secretary, the Department of School Education & Literacy, MoE issued a detailed advisory to all States/UTs for complying with Guidelines of ToFEI as per the ToFEI Implementation Manual.
• According to Global Youth Tobacco Survey (GYTS) 2019, 8.5 percent of school students in the age group of 13 to 15 consume tobacco in different forms across the country.
• Tobacco use is one of the major causes of preventable deaths and diseases in India and accounts for nearly 1.35 million deaths every year in the country. India is also the second largest consumer and producer of tobacco. - Name the new digital investment platform that was recently (in June ‘24) launched by HDFC Bank to simplify investment processes.
1) Digital Intelligence Platform
2) SmartWealth
3) OneX
4) ABHFL-Finverse
5) IdeationXAnswer-2) SmartWealth
Explanation:
HDFC Bank Limited, India’s leading private sector bank, has launched ‘HDFC Bank SmartWealth’, a new digital investment platform designed to make wealth services accessible to every Indian.
• This platform aims to simplify and bring transparency to the investment process.
• The SmartWealth Application (App) enables users to create SmartJars, which gives personalised portfolio plans that can be modified or paused anytime.
• It also provides an enhanced experience with a virtual Relationship Manager (RM) for real-time assistance and personalised support. - In June 2024, the Securities and Exchange Board of India (SEBI) constituted a working group headed by G. Padmanabhan to review _____________.
1) Small and Medium REITs
2) Mutual Fund Regulations
3) Clearing Corporations
4) Complaint Redressal System
5) Derivative Trading NormsAnswer-5) Derivative Trading Norms
Explanation:
The Securities and Exchange Board of India (SEBI) has constituted a working group to review derivative trading norms. The 15-member working group will be headed by G. Padmanabhan, former executive director of the Reserve Bank of India (RBI).
• This decision was taken in continuation of series of steps taken by the SEBI to tighten the retail Futures & Options (F&O) trading.
• SEBI has outlined the Terms of Reference (ToR) for working group like; suggesting short-term and medium-term measures with the aim of enhancing investor protection in exchange Traded Derivatives (ETDs) and improving risk metrics and risk architecture of ETDs which will further enhance market development and regulation. - Which bank has recently (in June 2024) signed an MoU with the Indian Army to offer a defense salary package with a host of facilities including free insurance cover?
1) Punjab and Sind Bank
2) Federal Bank
3) Canara Bank
4) Bank of India
5) HDFC bankAnswer-1) Punjab and Sind Bank
Explanation:
Punjab and Sind Bank (PSB), an Indian public sector bank, has signed a Memorandum of Understanding (MoU) with the Indian Army (IA) to offer a defense salary package with a host of facilities including free insurance cover.
• PSB has introduced banking solutions, special accounts and services for various segments, demonstrating its commitment to societal impact and sustainability.
• The MoU provides the serving personnel, veterans and trainees with personal accident insurance (Death/Disability) cover up to Rs 1 crore and an air accidental cover of Rs 1.2 crore.
• The PSB Gaurav Bachat SB Salary account is designed to provide for the distinct banking requirement of serving and retired personnels.
• PSB has introduced the PSB Pink debit card powered by RuPay for women during its 117th Foundation Day which was celebrated on June 24 2024. - Which company has recently (in June ‘24) launched a Unified Payments Interface (UPI) app ‘Super.Money’ to offer financial services?
1) Codleo
2) Tech Fini
3) Flipkart
4) Talkcharge
5) ChargebeeAnswer-3) Flipkart
Explanation:
The E-commerce platform, Flipkart has launched a Unified Payments Interface (UPI) app ‘Super.Money’ to offer payments, credit, deposits and other digital financial services.
• As part of the beta version, the app will be available for the first 1 Lakh users and its logo features a QR code and 5% cashback on various transactions including food and travel.
• The app is now available in partnership with Axis Bank Limited, and it offers credit through Utkarsh Small Finance Bank Limited (USBL). It also offers coupons, scratch cards or coins for making UPI payments. - According to the Reserve Bank of India’s (RBI) recent data, India’s external debt as of March-end 2024 was ___________.
1) USD 432 billion
2) USD 663.8 billion
3) USD 345 billion
4) USD 510 billion
5) USD 280.5 billionAnswer-2) USD 663.8 billion
Explanation:
According to the Reserve Bank of India (RBI) official data released on 25th June 2024, India’s external debt at end-March 2024 was at USD 663.8 billion, saw an increase of USD 39.7 billion over its level at end-March 2023.
• The external debt to Gross Domestic Product (GDP) ratio (which included both government and non-government debt) decreased from 19.0% (at end-March 2023) to 18.7% (at end-March 2024).
• As per RBI’s data, the government’s external debt and non-government sector’s external debt was at 4.2% and 14.5% of India’s GDP.
• RBI underscored if the valuation effect of US dollar and other major currencies such as: Yen, the Euro and Special Drawing Rights (SDR) which amounted to USD 8.7 billion were excluded then; external debt would have increased by USD 48.4 billion at end-March 2024 over end-March 2023. - Who has been recently (in June ‘24) appointed as convener of the Group of Minister (GoM) of the reconstituted GST rate rationalisation panel?
1) Rajeev Kumar
2) Sanjaya Kumar Mishra
3) Samrat Chaudhary
4) Manoj Panda
5) Suresh KhannaAnswer-3) Samrat Chaudhary
Explanation:
The Goods and Services Tax (GST) Council has announced the appointment of Samrat Chaudhary, Deputy Chief Minister (CM), Bihar as new convener of the Group of Minister (GoM) of the reconstituted GST rate rationalisation panel.
• He will succeed Suresh Khanna, Finance Minister of Uttar Pradesh(UP) who has been serving as the convener of GST rate rationalization since October 2023.
• At present, the GST regime has 5 broad tax slabs of 0%, 5%, 12%, 18% and 28%. A cess is levied on luxury and demerit goods which is the highest i.e. 28%.
• For the 2nd time, GST rate rationalisation panel was reconstituted. - When was the United Nations (UN) World Micro-, Small, and Medium-sized Enterprises (MSME) Day annually observed across the globe?
1) May 29
2) June 27
3) February 25
4) March 4
5) April 18Answer-2) June 27
Explanation:
The United Nations (UN) World Micro-, Small, and Medium-sized Enterprises (MSME) Day is annually observed across the globe on 27 June to raise awareness about MSMEs’ contributions to achieving the UN Sustainable Development Goals (SDGs).
• The theme of MSME Day 2024 is “Leveraging Power and Resilience of Micro-, Small and Medium-sized Enterprises (MSMEs) to Accelerate Sustainable Development and Eradicate Poverty in Times of Multiple Crises”.
• The 1st ever World MSMEs Day was observed on 27 June 2017.Click here to read more
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