Daily Current Affairs 06th July 2024

National News

Women Entrepreneurship Platform and TransUnion CIBIL Partner to Launch SEHER Program

• The Women Entrepreneurship Platform (WEP) has collaborated with TransUnion CIBIL to introduce SEHER, a credit education initiative aimed at empowering women entrepreneurs in India.
• SEHER seeks to enhance financial literacy and business skills, making crucial financial tools accessible for growth and job creation.

Appointments News

Justice Bidyut Ranjan Sarangi Appointed Chief Justice of Jharkhand High Court

• Justice Bidyut Ranjan Sarangi has been appointed as the Chief Justice of the Jharkhand High Court, following the retirement of Justice Sanjaya Kumar Mishra on December 28, 2023.
• The Supreme Court collegium recommended his appointment in December last year, and it was officially announced by the Union Ministry of Law and Justice on July 3.

LIC Chairman Siddhartha Mohanty Re-Designated Managing Director & CEO

• Siddhartha Mohanty, chairman of the state-owned Life Insurance Corporation (LIC), has been re-designated as the chief executive officer and managing director, effective June 30, 2024.
• It remains unclear if LIC will appoint a new chairperson.

Banking News

RBI Imposes ₹1.32 Crore Penalty on PNB

• On July 5, the Reserve Bank of India (RBI) imposed a penalty of ₹1.32 crore on Punjab National Bank (PNB) for violations related to loans, advances, and Know Your Customer (KYC) norms.

Business News

Bajaj Launches World’s First CNG Bike, Praised by Gadkari

• Union Minister Nitin Gadkari unveiled Bajaj Auto’s new motorcycle, Freedom, the world’s first CNG bike.
• He commended it as “eco-friendly” and “sustainable,” emphasizing its potential to address issues like air, sound, and water pollution, as well as the high cost of fossil fuel imports in India.

Economy News

Private Sector Drives NPS Growth and Economic Activity

• The National Pension System (NPS) saw a significant 40.1% year-on-year growth, reaching ₹2.47-lakh crore by June 29, largely driven by strong equity markets and increased private sector subscriptions.
• Total NPS assets, including the Atal Pension Yojana (APY), neared ₹12.5-lakh crore, marking a 28.64% increase, according to PFRDA data.

Awards News

Agri-Entrepreneur Sopna Kallingal Receives Spice Award

• Sopna Kallingal of Kallingal Plantation in Thrissur has been awarded the Spice Award 2024 by the ICAR-Indian Institute of Spices Research.
• She was recognized for her efforts in enterprise diversification and integrated crop management strategies, promoting a sustainable spice-based cropping system.

Defence News

India’s Defence Production Hits Record High

• In the fiscal year 2023-24, India’s defence sector achieved an all-time high in annual defence production, reaching Rs 1,26,887 crore.
• This significant milestone, announced by the Union Ministry of Defence on July 5, 2024, underscores India’s progress toward self-reliance in defence manufacturing.

President Murmu Presents Gallantry Awards at Defence Investiture Ceremony 2024

• On July 5, 2024, President Droupadi Murmu presided over the Defence Investiture Ceremony-2024 (Phase-I) at Rashtrapati Bhavan, awarding Gallantry Awards to distinguished servicemen and women.

Indian Army Inducts Indigenous 4G Base Station

• The Indian Army has inducted its first indigenous chip-based 4G mobile base station, procured from Bangalore-based Signaltron through the government e-marketplace portal.
• Signaltron’s founder, Himamshu Khasnis, reported that the chip used in the Sahyadri LTE base stations was developed by Signalchip.

Sports News

Neeraj Chopra to Lead 28-Member Indian Squad in Paris Olympics

• A 28-member Indian athletics team, led by javelin throw defending champion Neeraj Chopra, will compete at the Paris 2024 Olympics, as announced by the Athletics Federation of India (AFI) on June 4.
• Chopra, the first Indian track and field athlete to win an Olympic gold, will be joined by Olympic debutant Kishore Jena in the javelin event.

Kolkata, Kokrajhar, Jamshedpur & Shillong to Host 133rd Durand Cup

• The Durand Cup, Asia’s oldest and India’s most prestigious club-based football tournament, will commence its 133rd edition on July 27, 2024.
• The final is scheduled at the Vivekananda Yuba Bharati Krirangan (Salt Lake Stadium) in Kolkata on August 31.

PM Modi Hosts ICC T20 World Cup Winners, 2024

• Prime Minister Narendra Modi hosted the victorious Indian cricket team for breakfast on June 4, following their win at the ICC T20 World Cup.
• The team, led by skipper Rohit Sharma, had been stranded in Bridgetown, Barbados, due to a Category-4 hurricane before arriving in Delhi.

Important Days

International Day of Cooperatives 2024: Building a Better Future for All

• On July 6, 2024, cooperatives worldwide will celebrate the International Day of Cooperatives with the theme “Cooperatives Building a Better Future for All.”
• This day emphasizes the crucial role of cooperatives in fostering sustainability and advancing the Sustainable Development Goals (SDGs).

World Zoonoses Day 2024: Raising Awareness and Prevention

• World Zoonoses Day, observed annually on July 6, highlights the importance of understanding and preventing zoonotic diseases—those that spread from animals to humans.
• This year’s observance on Saturday, July 6, 2024, aims to raise awareness and promote measures to prevent these diseases.