Daily Current Affairs 10th June 2024

Awards News

Vellayan Subbiah Named EY World Entrepreneur of the Year 2024

• Vellayan Subbiah, Executive Vice Chairman of Tube Investments of India (TII) and Chairman of Cholamandalam Investment and Finance Co Ltd., has been honored with the EY World Entrepreneur of the Year 2024 award.
• This marks the fourth time an entrepreneur from India has won this prestigious global title. Subbiah’s visionary leadership and transformative strategies have propelled both TII and Chola to remarkable success, earning him international recognition.

Appointments News

Raj Priy Singh Appointed Director in the Department of Rural Development

• Raj Priy Singh, an officer of the Indian Forest Service (IFoS) from the 2010 batch, has been named the Director in the Department of Rural Development under the Ministry of Rural Development.
• His appointment follows a recommendation for Central deputation by the Ministry of Environment, Forest & Climate Change and adheres to the Central Staffing Scheme (CSS).

SEBI Honored with ‘Best Conduct of Business Regulator’ Award by The Asian Banker

• The Securities and Exchange Board of India (SEBI) has been awarded the Asia-Pacific region’s ‘Best Conduct of Business Regulator’ by The Asian Banker. SEBI’s Whole Time Member, Kamlesh Chandra Varshney, received the award at a ceremony in Hong Kong.

Banking News

RBI Raises Bulk Fixed Deposit Limit to Rs 3 Crore from Rs 2 Crore

• The Reserve Bank of India (RBI) has announced an increase in the threshold for bulk fixed deposits, raising the limit from Rs 2 crore to Rs 3 crore.
• This adjustment is part of the RBI’s strategy to improve liquidity management and align deposit classifications with current economic requirements.

Economy News

Moody’s Maintains Stable Outlook on Three Indian PSU Banks’ Ratings

• Moody’s Ratings has affirmed the Baa3 ratings for three Indian public sector banks: Bank of Baroda (BOB), Canara Bank, and Punjab National Bank (PNB).
• The rating agency has maintained stable outlooks for the long-term ratings of these banks, citing improved credit metrics, robust profitability, and adequate liquidity buffers. Moody’s believes that India’s strong operating environment will continue to support their credit fundamentals over the next 12-18 months.

Science and Technology News

IIT Kanpur, Centre of Excellence for UAVs, and DFI Launch UDAAN

• IIT Kanpur, in collaboration with the Centre of Excellence for UAVs and the Drone Federation of India (DFI), has launched UDAAN, a groundbreaking drone startup acceleration program.
• UDAAN aims to empower emerging drone ventures by providing access to state-of-the-art facilities, expert mentorship, financial support, and customized business development guidance, fostering rapid business growth.

ISRO Provides Details on Indo-French TRISHNA Mission

• The Indian Space Research Organisation (ISRO) has announced details of a joint Indo-French infrared earth observation satellite mission named TRISHNA (Thermal Infra-Red Imaging Satellite for High-Resolution Natural Resource Assessment).
• The mission will focus on monitoring surface temperature and water management globally.

Sports News

French Open 2024: Complete List of Winners

• The French Open 2024 concluded with young Spanish sensation Carlos Alcaraz triumphing in the men’s singles final.
• In a grueling five-set match against Alexander Zverev, Alcaraz displayed remarkable resilience and skill, defeating the German player with a score of 6-3, 2-6, 5-7, 6-1, 6-2.

Magnus Carlsen, Ju Wenjun Win Norway Chess Titles

• The prestigious Norway Chess Tournament ended with World No. 1 Magnus Carlsen securing his sixth title.
• In a dramatic final round, Carlsen outmaneuvered Fabiano Caruana in an intense Armageddon match, reinforcing his dominance in the chess world.

Books and Authors News

Bill Gates Unveils “Source Code”: A Memoir Revealing His Remarkable Journey

• Microsoft co-founder Bill Gates has announced the release of his highly anticipated memoir, titled “Source Code: My Beginnings.”
• Scheduled to hit the shelves on February 4, 2025, this book promises to provide an intimate glimpse into the life and experiences that shaped one of the world’s most influential tech pioneers.

Obituaries News

William Anders, Apollo 8 Astronaut Who Took ‘Earthrise’ Photo, Killed in Plane Crash

• Retired astronaut William Anders, one of the first three humans to orbit the moon and the photographer of the iconic “Earthrise” photo during NASA’s Apollo 8 mission, tragically died on June 7 when the small plane he was piloting crashed in Washington state.