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Daily Current Affairs 02nd July, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 02nd July, 2024. It includes all Major National, International, Business and Sports related current affairs of 02nd July, 2024. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 02nd July, 2024 Current affairs test.


National News

India Becomes First Nation to Compile Complete Faunal List

  • India has launched the ‘Fauna of India Checklist Portal,’ marking the first instance globally where a country has cataloged its entire fauna.
  • This comprehensive list includes 104,561 species and was unveiled during the 109th Foundation Day of the Zoological Survey of India (ZSI) in Kolkata by Union Environment Minister Bhupender Yadav.

International News

Japan Introduces Holographic Technology in New Banknotes

  • Starting July 3, Japan will introduce new banknotes featuring advanced holographic technology, which creates the illusion of 3D rotating portraits of historic figures.
  • This innovative anti-counterfeit measure marks the first redesign of Japan’s banknotes in two decades.

State News

Jharkhand Celebrates Hul Diwas

  • Jharkhand observed Hul Kranti Diwas on June 30, commemorating the 1855 independence movement led by tribal heroes Sidho, Kanho, Chand, and Bhairav. Over 50,000 tribals from 400 villages in Jharkhand participated in this revolt against British rule.

Appointments News

New CGM and CMD Take Charge at PGCIL

  • Akhilesh Pathak has taken over as the new Chief General Manager (CGM) of the Southern Region Transmission System-I (SRTS-I) of the Power Grid Corporation of India Ltd (PGCIL) on July 1, 2024.
  • Pathak, with over 31 years of experience in the transmission sector, will manage the transmission system, sub-stations, and projects in Telangana, Andhra Pradesh, and parts of Karnataka.

Agreements News

SERA and Blue Origin Announce India as Partner Nation for Human Spaceflight Program

  • The Space Exploration and Research Agency (SERA) and Blue Origin have named India as a partner nation in their human spaceflight initiative.
  • This program will allow Indian citizens to participate in a historic opportunity, offering six seats on Blue Origin’s New Shepard rocket for an 11-minute journey beyond the Kármán line.

Banking News

RBI, ASEAN to Create Platform for Fast Cross-Border Retail Payments

  • The Reserve Bank of India (RBI) and the central banks of four ASEAN countries are collaborating with the Bank for International Settlements (BIS) on Project Nexus.
  • This multilateral initiative aims to enable fast, efficient, and cost-effective cross-border retail payments.
  • The platform, set to go live by 2026, will interlink the domestic fast payment systems (FPS) of Malaysia, the Philippines, Singapore, Thailand, and India.

Economy News

GST Collection in June 2024: Growth Slows to 7.7%

  • India’s gross goods and services tax (GST) collection for June 2024 reached Rs 1.74 trillion, a 7.7% year-on-year growth, slower compared to the 12.4% increase in April and 10% in May.
  • Despite the slowdown, the cumulative collections for the fiscal year stood at Rs 5.57 trillion.
  • The finance ministry expects continued robust collections above Rs 1.6 trillion in the coming months, though detailed tax figures were withheld due to GST regime stability.

    Core Sector Growth Slows to 6.3% in May 2024

  • In May 2024, India’s core sector industries experienced a slowdown, with growth decelerating to 6.3% from 6.7% in April.
  • This was due to varied sectoral performances: coal and electricity saw accelerated growth due to increased demand during a heat wave, while cement and fertilizers contracted.
  • Factors such as reduced capex, adequate fertilizer stocks, and lower diesel demand impacted sectoral output. The Index of Industrial Production (IIP) is expected to show a 4-5% growth for May 2024.

Ranks and Reports News

Longevity Revolution 2024: Pioneering Advances in Regenerative Medicine

  • The 9th Annual World Congress – Longevity Revolution 2024, hosted by the International Association of Stem Cell & Regenerative Medicine (IASRM) and the Anti-Ageing Foundation (India), took place in New Delhi.
  • The event showcased advances in regenerative medicine, workshops, keynotes from renowned scientists, and discussions on aging, aesthetics, and health.

Sports News

Viswanathan Anand Wins 10th Leon Masters Chess Championship

  • Former world chess champion Viswanathan Anand from India achieved his 10th victory at the Leon Masters chess championship.
  • He defeated Jaime Santos Latasa of Spain in the final with a score of 3-1, adding another achievement to his illustrious chess career.

Important Days

World Sports Journalists Day 2024: Date, History, and Significance

  • World Sports Journalists Day, celebrated annually on July 2, honors those who bring sports stories to life.
  • This day recognizes the crucial role of sports journalists in our lives, whether sports are a career or a fun activity.

World UFO Day 2024: Date, Significance, and History

  • World UFO Day is celebrated on July 2 each year to explore the possibility of life beyond Earth.
  • In 2024, this special day encourages people worldwide to ponder the existence of unidentified flying objects and look to the skies with curiosity.

Obituary News

Bhupinder Singh Rawat, Former Indian Midfielder, Passes Away at 85: AIFF

  • Bhupinder Singh Rawat, a former Indian midfielder who played in the 1969 Merdeka Cup in Malaysia, passed away at the age of 85 after a brief illness.
  • Rawat was known as a speedy winger in the 1960s and 1970s, representing India and domestic teams like Delhi Garrison, Gorkha Brigade, and Mafatlal.

Miscellaneous News

Swamy Saswathikananda 20th Samadhi Day Observed

  • The Sivagiri Matha Atheetha Athmiya Sangham in Varkala commemorated the 20th death anniversary of Swamy Saswathikananda on Monday.
  • Followers and admirers gathered to honor his life and teachings on this significant Samadhi Day.

Air India to Set Up South Asia’s Largest Flight Training School in Amravati

  • Air India is investing over ₹200 crore to establish South Asia’s largest flight training school in Maharashtra’s Amravati district.
  • Scheduled to open in the first quarter of the next financial year, this school aims to ensure a steady supply of pilots for the airline, which needs 500-700 pilots annually to support its expansion plans following a massive order of 470 Airbus and Boeing aircraft in 2023.
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