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Daily Current Affairs 1st June 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 1st June 2023. It includes all Major National, International, Business and Sports related current affairs of 1st June 2023. 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 1st June 2023 Current affairs test.


State News

1. Maharashtra Launches “Namo Shetkari Mahasanman Yojana” for Farmers

  • The Maharashtra government, during a Cabinet meeting led by Chief Minister Eknath Shinde, has approved a new financial scheme named the “Namo Shetkari Mahasanman Yojana.” This initiative aims to offer comprehensive support to the state’s farming community.

Appointments News

2. Ajay Yadav Takes Over as Managing Director of SECI

  • Ajay Yadav has assumed the pivotal role of Managing Director at the Solar Energy Corporation of India Limited (SECI). SECI, a central government agency, plays an instrumental role in auctioning renewable energy projects and is a cornerstone for renewable energy initiatives under the Ministry of New and Renewable Energy.

3. Ashwani Kumar Appointed as MD of UCO Bank

  • Ashwani Kumar, previously serving as an executive director of Indian Bank, has been appointed the Managing Director of UCO Bank. He succeeds Soma Sankara Prasad and is set to hold this position for a tenure of three years, starting from June 1, 2023.

Banking News

4. Razorpay Unveils ‘Turbo UPI’ Payment Solution

  • Razorpay, a leading fintech unicorn, in collaboration with the National Payments Corporation of India (NPCI) and Axis Bank, has launched ‘Turbo UPI.’ This innovative one-step payment solution is designed to simplify online transactions for users on the Unified Payments Interface (UPI) network.

Business News

5. Indian Government Announces Stake Sale in Coal India Ltd

  • The government of India has declared its plans to divest up to a 3% stake in Coal India Ltd via an offer for sale (OFS). The OFS will be open for participation by both retail and non-retail investors on June 1 and 2, presenting an opportunity to invest in this eminent coal producer.

Economy News

6. India’s GDP Grows to 6.1% in Q4 of 2022-23

  • For the fourth quarter of the fiscal year 2022-23, India’s GDP has witnessed a growth rate of 6.1%, elevating the economy’s valuation to 3.3 trillion dollars. This growth surge is credited to the enhanced performance in key sectors including agriculture, manufacturing, mining, and construction. Collectively, these sectors propelled the annual GDP growth rate to 7.2%.

Schemes News

8. Massive Scheme for Foodgrain Storage Expansion Approved

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  • The Indian government has greenlit a monumental scheme with a budget of Rs 1 lakh crore, targeting the augmentation of foodgrain storage capacity within the cooperative sector. Over the forthcoming five years, this initiative plans to incorporate 700 lakh tonnes to the existing storage, aiming to reach a cumulative capacity of 2,150 lakh tonnes. This will establish the scheme as the world’s most extensive foodgrain storage program in the cooperative domain.

9. AB PM-JAY Records 5 Crore Hospital Admissions

  • The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) has reached a significant landmark with 5 crore hospital admissions and an accumulated expenditure of 61,501 crore rupees. The scheme extends complimentary treatments to eligible beneficiaries at a wide network of hospitals across the nation.

Summits and Conferences News

10. India-EU Connectivity Conference in Meghalaya

  • Scheduled from June 1 to June 2, the India-EU Connectivity Conference will take place in Meghalaya. The event, a joint endeavor by the Ministry of External Affairs (MEA), EU Delegation to India, and the Asian Confluence, aims to augment connectivity investments in North Eastern States of India and its neighboring nations.

11. BRICS Foreign Ministers to Meet in Cape Town

  • Foreign ministers from the BRICS nations, which include Brazil, Russia, India, China, and South Africa, are set to gather in Cape Town for a two-day summit. The agenda encompasses discussions on diverse subjects, such as local currency trading and the ongoing Russia-Ukraine conflict, paving the path for the upcoming 15th BRICS Summit in August.

Important Days

12. Global Day of Parents – June 1st

  • Recognized annually on June 1st, the Global Day of Parents honors the indispensable role parents play in the upbringing of children and their contributions to society. The day underscores parental guidance and pays homage to parents’ unwavering dedication, love, and sacrifices.

13. World Milk Day – June 1st

  • World Milk Day, celebrated on June 1st, promotes global awareness about the consumption and numerous benefits of milk. The theme for the 2023 edition is “Showcasing how dairy is reducing its environmental footprint, while also providing nutritious foods and livelihoods.” This global initiative receives staunch support from the Food and Agriculture Organisation (FAO) of the United Nations.
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