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Daily Current Affairs 30th June, 2024: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 30th June, 2024. It includes all Major National, International, Business and Sports related current affairs of 30th June, 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 30th June, 2024 Current affairs test.

Banking & Finance News

Reserve Bank of India Increases Ways and Means Advances Limits for States/UTs by 28% to ₹60,118 Crore    

  • The Reserve Bank of India (RBI) increased the Ways and Means Advances (WMAs) limits (or financial accommodation) of State governments and Union territories (UTs) by 28% to ₹60,118 crore from ₹47,010 crore (fixed in April 2022).
  • The revised WMA limit is effective from July 1, 2024.
  • WMA is a mechanism used by Reserve Bank of India (RBI) under its credit policy to provide to States, banking with it, to help them tide over temporary mismatches in the cash flow of their receipts and payments.

Reserve Bank of India Reports Rs 3.4 Lakh Crore Increase in Home Loan Outstanding Over 12 Months    

  • Housing loan outstanding expanded at a faster pace even as the growth in the personal loan segment decelerated on a year-on-year basis in May 2024.

SEBI Increases Basic Demat Account Limit to Rs 10 Lakh to Encourage Participation                                              

  • Securities and Exchange Board of India (SEBI) increased the threshold for the Basic Services Demat Account (BSDA) to Rs 10 lakhs from the current Rs 2 lakhs to boost participation of small investors in the securities market.
  • The new guidelines will come into force from September 1,2024.
  • Objective : To encourage small investors to trade in the stock market and ensure their financial inclusion.

World Bank Sanctions $1.5 Billion Loan for India’s Green Hydrogen Initiative   

  • The World Bank has approved a $1.5-billion loan to help India accelerate its low-carbon energy development.
  • The funds will be used to promote a market for green hydrogen, electrolysers, and increased renewable energy penetration.

National

Nearly 2 lakh women benefit from ITC’s ‘Climate Smart Agriculture’ programme

  • ITC has extended its ‘Climate Smart Agriculture’ programme to nearly 2 lakh women in the country.
  • The annual report of the company for 2023-24 stated it has launched a comprehensive ‘Climate Smart Agriculture’ programme across 19 States to enable a transformation journey from ‘low yield low resilient’ areas to ‘high yield and high resilient’ villages through a package of agronomy practices, climate resilient varieties, precision farming, water management and appropriate mechanisation.

State News

Maharashtra Budget Announces Major Sops Ahead of Assembly Polls: ₹1,500 Monthly for Women, 3 Free LPG Cylinders Annually      

  • Maharashtra Deputy Chief Minister Ajit Pawar, who holds the finance portfolio, presented a Rs 20,051 crore revenue deficit budget for the current fiscal even as he announced several sops for women, youths and farmers, among other sections, entailing an expenditure of more than Rs 80,000 crore.
  • An outlay of Rs 92 lakh crore was proposed under the scheme expenditure in the annual plan 2024-25.

Jharkhand Cabinet Approves Financial Aid Scheme for 4.5 Million Women                      

  • The Jharkhand Cabinet approved the ‘Mukhya Mantri Bahan Beti Maiqui Swabalamban Protsahan Yojana,‘ a financial assistance scheme for 45 lakh women in the state.
  • Under the scheme, each eligible woman will receive Rs 1,000 per month.

Appointments & Resignations News

European Union Leaders Reappoint von der Leyen for Second Term as Commission Chief     

  • European Union leaders agreed to nominate Ursula von der Leyen of Germany for a second five-year term as president of the European Commission.
  • At a summit in Brussels, the bloc’s 27 national leaders also picked former Portuguese premier Antonio Costa as the future chair of their European Council meetings and selected Estonian Prime Minister Kaja Kallas as the next EU foreign policy chief.

Business News

GAIL fast-tracks net zero carbon goal to 2035 from 2040  

  • GAIL (India) Ltd has revised its target to achieve net zero carbon emissions to 2035, advancing it by five years from the initially set goal of 2040. The board of directors of GAIL approved this advancement.
  • This decision follows an extensive study undertaken by GAIL to enhance its sustainability goals and align with India’s broader Net Zero commitments, the Maharatna company stated.

Reliance Industries becomes first Indian company to cross Rs 8 lakh crore market cap  

  • Mukesh Ambani-led Reliance Industries (RIL) became the first Indian company to cross Rs 8 lakh crore market capitalisation, racing ahead of Tata Sons’ crown jewel TCS by more than Rs 20,000 crore in valuation.
  • RIL stock has gained 85 per cent since the beginning of this year.
  • The market valuation of the oil-to-telecom conglomerate crossed the $100-billion mark last month.

Indian government bonds to enter JP Morgan Bond index   

  • In a significant development for domestic fixed-income markets, Indian government bonds are now included in JPMorgan Chase & Co’s emerging markets bond index as of June 28, 2024.
  • Indian Government Bonds (IGBs) will be included into the widely followed JPMorgan Government Bond Index-Emerging Markets (GBI-EM) starting with a 1% weight, which will gradually increase to 10% over the next 10 months. 
  • JPMorgan’s Government Bond Index-Emerging Markets (GBI-EM) indices are comprehensive emerging market debt benchmarks that follow local currency bonds issued by emerging market governments.

MoUs & Agreements News

VIT, Nokia sign MoU for collaborative research on 5G   

  • Vellore Institute of Technology (VIT) signed a memorandum of understanding (MoU) with Nokia to pursue 5G and next-generation collaborative research with artificial intelligence (AI) and machine learning

Defence News

INS Shivalik Arrives at Pearl Harbour to Participate in RIM of the Pacific Exercise (RIMPAC) – 24   

  • Indian multi-role stealth frigate Indian Navy Ship (INS) Shivalik, mission deployed in the South China Sea and North Pacific Ocean, has reached Pearl Harbour in Hawaii to take part in the Rim of the Pacific (RIMPAC) exercise, which is the world’s largest naval exercise.
  • INS Shivalik sailed into Pearl Harbour on completion of JIMEX 24, a bilateral exercise between India and Japan.

Sports News

Team India clinches its second ICC T20 World Cup title against South Africa

  • India clinched its second T20 World Cup title after beating South Africa by seven runs in the final at the Kensington Oval, Bridgetown, Barbados.
  • India’s ICC trophy cabinet now contains six titles. It has won the ODI World Cup twice (1983, 2011), the T20 World Cup in 2007 and 2024, and the ICC Champions Trophy in 2002 and 2013.
  • Virat Kohli was declared the Player of the Match award for his fabulous innings. Pacer Jaspreet Bumrah was awarded the Player of the Tournament.
  • Virat Kohli and Rohit Sharma, two of India’s greatest cricketers, announced their retirement from T20 Internationals following the team’s second T20 World Cup victory.

IMPORTANT DAYS

World Asteroid Day 2024: June 30

  • World Asteroid Day, observed annually on June 30, is a global event aimed at raising awareness about asteroids and the potential hazards they pose to our planet.
  • This day serves as a reminder of the importance of scientific research and international collaboration in detecting and mitigating asteroid impacts.
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