Daily Current Affairs 3rd June 2024

National News

Supreme Court Reconstitutes Gender Sensitisation Committee

• The Supreme Court of India has reorganized its Gender Sensitisation and Internal Complaints Committee in line with the 2013 Gender Sensitisation and Sexual Harassment regulations.
• This reconstitution, spearheaded by the Chief Justice of India, appoints Justice Hima Kohli as the Chairperson, Justice BV Nagarathna as a Member, and Dr. Sukhda Pritam as the Member Secretary.

Centre Launches New Mobile Number Series for Service, Transactional Calls

• The Central Government has launched a new numbering series, 160xxxxxxx, designated for service or transactional calls.
• This initiative aims to help citizens easily identify legitimate calls and reduce the incidence of unsolicited telemarketing calls using standard 10-digit mobile numbers.

State News

Telangana Formation Day: Celebrating the Birth of a New State

• Telangana Formation Day, celebrated annually on June 2, marks the official creation of Telangana as India’s 28th state on June 2, 2014.
• This day commemorates the years of struggle and aspirations that led to the establishment of a separate state identity for Telangana.

Banking News

Reserve Bank of India Cancels 10-Year Green Bond Auction for the First Time

• For the first time, the Reserve Bank of India (RBI) has cancelled the auction of 10-year green bonds due to traders’ unwillingness to pay the greenium, the premium associated with sustainability impact.
• This move underscores the market’s hesitance to invest at the desired yields, carrying significant financial implications.

UPI Breaks Record with 14.04 Billion Transactions in May, Sees 49% Year-On-Year Growth

• The Unified Payments Interface (UPI) recorded a historic 14.04 billion transactions in May, up from 13.30 billion in April, reflecting a 49% year-on-year growth.
• The total transaction value reached Rs 20.45 lakh crore, with an average daily transaction count of 453 million and an average daily transaction value of Rs 65,966 crore.

Economy News

Indian Economy Grew by 8.2% in FY24: NSO

• According to the National Statistical Office (NSO) of the Ministry of Statistics and Programme Implementation (MoSPI), India’s GDP growth rate surged to 7.8% in Q4 of FY24, leading to an annual growth rate of 8.2%.

India’s Fiscal Deficit for FY24: Government Data Analysis

• India’s fiscal deficit for FY24 improved to 5.6% of GDP, down from the Revised Estimates of 5.8%, due to higher-than-expected tax receipts.
• The deficit stood at Rs 16.54 trillion against the budgetary target of Rs 17.86 trillion.
• Net tax receipts exceeded projections at Rs 23.27 trillion, while total expenditure reached Rs 44.43 trillion, constituting 99% of the budgeted amount.

Gross GST Revenue Collection in May 2024: ₹1.73 Lakh Crore, Records 10% YoY Growth

• In May 2024, the gross Goods and Services Tax (GST) revenue hit ₹1.73 lakh crore, marking a 10% year-on-year growth.
• This increase was primarily driven by a 15.3% rise in domestic transactions, despite a 4.3% decline in imports.
• The net GST revenue for May 2024, after refunds, was ₹1.44 lakh crore, showing a 6.9% growth compared to the same period last year.

Sports News

Dinesh Karthik Announces Retirement from Representative Cricket

• Veteran wicketkeeper-batter Dinesh Karthik has announced his retirement from all forms of cricket.
• This decision follows his emotional farewell from the Royal Challengers Bangalore (RCB) franchise in the recently concluded Indian Premier League (IPL) season.

Real Madrid’s Historic 15th Champions League Title

• At Wembley Stadium, Real Madrid secured a record-extending 15th UEFA Champions League title by defeating Borussia Dortmund 2-0.
• The Spanish giants demonstrated their characteristic resilience and clinical performance to achieve this historic victory.

Indian Athletes Shine at Taiwan Athletics Open 2024

• Nayana James, an Asian Athletics Championships bronze medalist, won the gold medal in the women’s long jump event at the Taiwan Athletics Open 2024 in Chinese Taipei.
• Despite rainy conditions at the Taipei Municipal Stadium, Nayana achieved an impressive distance of 6.43m to claim the top spot.

Ranks and Reports News

Gautam Adani Reclaims the Title of Asia’s Richest Person

• Gautam Adani, chairman of the Adani Group, has reclaimed the title of Asia’s richest person, surpassing Mukesh Ambani of Reliance Industries.
• This milestone was reached following a surge in the stock prices of Adani’s conglomerate.

Defence News

Indian Air Force and Navy Participate in Mega Multinational War Games

• The Indian Air Force (IAF) has deployed its Rafale fighter jets for the two-week multinational air exercise Red Flag, which began on May 30 in Alaska.
• The IAF contingent, supported by IL-78 air-to-air refuelers and C-17 transport aircraft, arrived at Eielson Air Force Base in the United States for this advanced aerial combat training exercise.

Important Days

World Bicycle Day 2024: Celebrating the Sustainable and Healthy Mode of Transportation

• World Bicycle Day on June 3, 2024, encourages embracing bicycles as a sustainable and eco-friendly mode of transportation.
• This day highlights the benefits of cycling for reducing our carbon footprint and promoting a healthy lifestyle.

International Sex Workers’ Day 2024: Raising Awareness for Dignity and Rights

• On June 2, 2024, International Sex Workers’ Day raises awareness about the challenges and exploitation faced by sex workers globally.
• This annual event emphasizes the importance of healthy working conditions, respect, and human rights for individuals in the sex industry.