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Daily G.K. - Top Stories

17 Jun 2023

DAILY G.K. TEST

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INTERNATIONAL AFFAIRS

UK Names First Female Envoy to Pakistan

  • The UK appointed senior diplomat Jane Marriott as the next British High Commissioner to Pakistan, making her the first female British envoy to Islamabad.
  • Prior to this appointment, Marriott was the High Commissioner to Kenya since September 2019. She replaced Christian Turner, who left Pakistan in January 2023 after serving as the envoy since December 2019.
  • Marriott brings a wealth of thematic and regional experience to her new role having joined the UK's Foreign, Commonwealth and Development Office (FCDO) in 2001, following roles in the Cabinet Office and Home Office.
  • She has also completed two diplomatic postings to Iraq and one to Afghanistan.

UNGA Adopts Resolution to Honour Fallen Peacekeepers, Introduced by India

  • The United Nations General Assembly adopted by consensus a draft resolution piloted by India to establish a memorial wall in the UN headquarters to honour fallen peacekeepers.
  • The passage of the resolution in the UNGA with a record 190 co-sponsorships came days ahead of Prime Minister Narendra Modi's official state visit to the United States and his participation in the International Yoga Day celebrations at the United Nations headquarters on June 21.
  • India's Permanent Representative to the UN Ambassador Ruchira Kamboj introduced the draft resolution titled 'Memorial wall for fallen United Nations Peacekeepers' in the UN General Assembly Hall and it was adopted by consensus.
  • It welcomed the initiative of member states to establish at a suitable and prominent place at United Nations Headquarters in New York a memorial wall to honour the memory of fallen peacekeepers, giving due consideration to the modalities involved, including the recording of the names of those who have made the supreme sacrifice. While introducing the resolution, Kamboj said that the memorial wall will be a testimony to the importance that the UN bestows on peacekeeping.
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BUSINESS AND ECONOMY

RBI Opens Sub-office at Kohima, to Increase Presence in North-east

  • The Reserve Bank opened a sub-office at Kohima, and announced its aim to soon have an office in Itanagar to strengthen its presence in north-east India.
  • Deputy Governor Michael Debabrata Patra inaugurated the office in the capital of Nagaland, which will help expand the central bank's presence in the north-eastern region.
  • In the north-eastern region, RBI is present in Assam, Manipur, Meghalaya, Mizoram, Tripura and Nagaland.
  • RBI's Guwahati office will continue to cater to the needs of Arunachal Pradesh till the office in Itanagar is opened.
  • The Kohima sub-office houses Financial Inclusion and Development Department (FIDD), Consumer Education and Protection Cell (CEPC), Market Intelligence Cell and Human Resource Management Department (HRMD), while the currency management for Nagaland will continue from the Guwahati office.
  • The newly inaugurated sub-office is headed by General Manager Paresh Chauhan.

Russia's Sberbank Launches Indian Rupee Accounts for Individuals

  • Russia's dominant lender said that individuals could now open accounts in Indian rupees, expanding the range of foreign currencies available as Moscow strives to reduce dependency on the U.S. dollar and euro.
  • As Sberbank has highlighted, the bank supports the trend of de-dollarisation and constantly increases the number of foreign currencies available to clients.
  • Sberbank has more than 100 million retail clients and already offers deposits in China's yuan and UAE dirhams.

India's First Micro-cap Fund Launched

  • Motilal Oswal Asset Management Company launched the first-ever passive fund on Nifty Microcap 250 Index. The fund aims to provide investors an opportunity to participate in the growth potential of micro-cap stocks.
  • The Nifty Microcap 250 Index is designed to measure performance of the top 250 companies excluding those already present in the Nifty 500 constituents. The index is well-diversified, with its top 10 holdings accounting for only 11 per cent against 59 per cent in Nifty 50 Index.
  • Further, it also provides diversified exposure to sectors like Industrials, Consumer Discretionary, Commodities and Healthcare that are usually underweight in broad-based market indices.
  • As per Pratik Oswal, Head of Passive Funds, Motilal Oswal AMC, the fund house leads the charge in unlocking the untapped potential and opportunities of this distinctive investment category, which holds immense potential and unique investment opportunities that have been overlooked by many in the industry.
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SCIENCE & TECHNOLOGY

EU Approves Draft Law to Regulate AI

  • The European Parliament voted to approve its own draft proposal for the AI Act, a piece of legislation two years in the making, with the ambition of shaping global standards in the regulation of AI.
  • After a final stage of negotiations, to reconcile different drafts produced by the European Parliament, Commission and Council, the law should be approved before the end of the year. It will become the first legislation in the world dedicated to regulating AI in almost all sectors of society – although defence will be exempt.
  • Of all the ways one could approach AI regulation, it is worth noticing that this legislation is entirely framed around the notion of risk. It is not AI itself that is being regulated, but rather the way it is used in specific domains of society, each of which carries different potential problems. The four categories of risk, subject to different legal obligations, are: unacceptable, high, limited and minimal.
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SPORTS

National Championship: Himachal's Seema Wins 10,000 m Gold

  • The top four finishers in the men's 10000 m race at the National Inter-State Championship breached the Asian Games qualifying mark. The qualifying time for the Asian Games is 29 minutes, 30 seconds. Uttar Pradesh's Kartik Kumar (29:01.84) and Gulveer Singh (29:03.78) won gold and silver, respectively, while Delhi's Pritam Kumar (29:22.36) and Madhya Pradesh's Harmanjot Singh (29:26.86) finished third and fourth, respectively. Chief national coach Radhakrishnan Nair said that the federation will pick the top-two as a country can send only two athletes per event. Himachal Pradesh's Seema stunned defending champion Maharashtra's Sanjivani Jadhav to win gold in the women's 10000 m race but failed to breach the Asian Games qualifying time. Seema, who had won gold at the National Games in 2022, clocked 34:20.01, while Jadhav clocked 34:34.10. The Asian Games qualifying time is 32:30.24.
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NATIONAL AFFAIRS

Tamil Nadu Withdraws General Consent Granted to the Central Bureau of Investigation

  • The Tamil Nadu government withdrew its general consent for an investigation by the Central Bureau of Investigation (CBI). The government's move came amidst the ruling DMK's criticism against the BJP government at the Centre that it is misusing central agencies to silence opposition leaders.
  • The central probe agency will now have to obtain permission from the Tamil Nadu government before conducting any investigation in the state. Tamil Nadu became the tenth Indian state to withdraw its general consent for investigations by the CBI.
  • The other nine states which had withdrawn their general consent to the CBI to probe cases include Chhattisgarh, Jharkhand, Kerala, Meghalaya, Mizoram, Punjab, Rajasthan, Telangana and West Bengal.
  • However, despite the withdrawal of general consent by the Tamil Nadu government, the CBI can continue to probe old cases until the consent is specifically taken back by the state government. Further, the probe agency can also continue to investigate cases that were given to it by a court order.
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DEFENCE

INS Vikramaditya Back in Action, Navy to Get 2 more Romeo Helicopters

  • The Indian Navy will later this month (June 2023) receive two MH-60 Romeo anti-submarine warfare helicopters, which will be deployed on board the INS Vikramaditya that has been operationalised after an exhaustive refit lasting nearly two and half years.
  • As per reports, the two helicopters will be delivered to India by the US government around the time (in June) Prime Minister Narendra Modi will be on an official visit to the country.
  • With the two, the Navy will have a total of five of these state-of-the-art helicopters, which will be deployed on the INS Vikramaditya, India's only operational aircraft carrier.
  • While the Navy commissioned indigenous aircraft carrier INS Vikrant in September last year, it is not yet operational and is set undergo four-five months of 'guarantee refit' later this month. Under this, the ship and its machinery will be examined like any new vessel under a guarantee period.
  • The Navy had announced the culmination of an exercise that showcased its capability and power to operate two aircraft carriers, with both INS Vikramaditya and INS Vikrant sailing together with their fleets. This involved the coordinated deployment of more than 35 aircraft in the Arabian Sea.
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PERSONS IN NEWS

Mars Wrigley's Galaxy Chocolates Ropes in Kiara Advani as Brand Ambassador

  • Mars Wrigley's Galaxy chocolates signed Bollywood actress Kiara Advani as the brand ambassador. The company made the announcement in collaboration with the actress.
  • The announcement was followed by a television commercial where the actor is seen in a setting indulging in the chocolates in Istanbul.
  • The commercial has been conceptualised by the brand's creative agency, DDB Tribal.
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DAYS AND EVENTS

World Day to Combat Desertification and Drought

  • The World Day to Combat Desertification and Drought is observed on June 17 each year to promote public awareness of international efforts to combat desertification. The day offers a chance to recognize that land degradation neutrality is achievable through problem-solving, strong community involvement and co-operation at all levels.
  • The United Nations General Assembly proclaimed June 17 as the World Day to Combat Desertification and Drought through its resolution A/RES/49/115 which was adopted in December 1994.
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GENDER/ HEALTH/ EDUCATION

Five Indian Schools on Shortlist for World's Best School Prizes 2023

  • Five inspirational Indian schools in Delhi, Gujarat and Maharashtra were named in the top 10 shortlists across different categories for the second annual USD 250,000 World's Best School Prizes, organised in the UK to celebrate schools worldwide for their enormous contribution to society's progress.
  • The five World's Best School Prizes, for Community Collaboration, Environmental Action, Innovation, Overcoming Adversity, and Supporting Healthy Lives, celebrate schools for the pivotal role they play in developing the next generation of learners and for their enormous contribution to society's progress, especially in the wake of COVID.
  • This year's (2023) Indian shortlist has schools from Delhi, Gujarat and Maharashtra in the running for the prize – founded in 2022 by UK-headquartered T4 Education and organised in collaboration with Accenture, American Express, Yayasan Hasanah, and the Lemann Foundation.
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ART AND CULTURE

India Makes Debut at Annecy International Animation Festival

  • India's Animation, Gaming, Visual Effects, and Comics (AVGC) sector made a remarkable impression on the global stage as the country participated for the first time at the prestigious Annecy International Animation Festival (AIAF) in France. Led by Apurva Chandra, Secretary of Information and Broadcasting, an Indian delegation comprising eminent personalities from the animation industry actively showcased India's prowess in creating animation and VFX content for global audiences at the AIAF.
  • Secretary Apurva Chandra highlighted India's commitment to nurturing the AVGC sector by providing attractive incentives to foreign companies interested in producing AVGC content in India. He emphasized that these incentives are equivalent to those provided for shooting films in the country, presenting a lucrative opportunity for companies to leverage the benefits.
  • During the festival, Secretary Chandra held discussions with Michael Marin, Director of AIAF, to explore avenues for enhancing India's engagement with Annecy.
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