Today Current Affairs for Competitive Exams

Current Affairs 2nd June 2022

11th India - Italy Military Cooperation Group ● The MoUs were signed during Vice
(MCG) meeting held President M. Venkaiah Naidu's visit to
Senegal.
● 11th India - Italy Military Cooperation
Group (MCG) meeting was held from 31 SBI upgrades India's FY23 GDP growth to 7.5%
May to 1 June 22 in Rome, Italy.
● SBI Research Report has estimated that
● India - Italy Military Cooperation Group
the Indian economy will grow at 7.5
(MCG) is a forum established to boost
percent in 2022-23.
defence cooperation between the both
● Real GDP will incrementally increase by
countries.
₹11.1 lakh crore in FY23.
● The meeting was Co-Chaired from the
● As per official data, the economy grew
Indian side by Deputy Assistant Chief of
by 8.7 percent in FY22, net
Integrated Staff IDC(A), HQ IDS
adding ₹11.8 lakh crore in the year
Brigadier Vivek Narang.
to ₹147 lakh crore.
India and Sweden host Industry Transition ● This was however only 1.5 percent
Dialogue in Stockholm higher than the pre-pandemic year of
FY20.
● India and Sweden hosted the Industry
Transition Dialogue on 1 June 2022 in CoinSwitch launches India’s first rupee-based
Stockholm, as a part of their joint crypto index CRE8
initiative i.e. Leadership for Industry
● India’s largest crypto investing app,
Transition (LeadIT).
CoinSwitch, on 2 June 2022 launched
● The LeadIT initiative lays specific focus
Crypto Rupee Index (CRE8).
on hard to abate sectors that are key
● It is the country's first benchmark index
stakeholders in the global climate
to measure the performance of the
action.
rupee-based crypto market.
● During the event, India chaired the
● CRE8 tracks the performance of eight
roundtable dialogues on Priorities for
crypto assets that represent over 85% of
implementation 2022-23.
the total market capitalisation of cryptos
India and Senegal sign three MoUs traded in Indian rupee.
● India and Senegal signed three MoUs Telangana Formation Day: 2 June
on 1 June 2022.
● Telangana Formation Day is observed
● The first MoU pertains to visa-free
on 2 June every year.
regime for Diplomatic and Official
● It was officially formed on June 2, 2014.
passport holders.
● It is India's 28th state and was carved
● The second agreement relates to
out of Andhra Pradesh.
renewal of Cultural Exchange
● On 1 Nov1956, Telangana merged with
Programme (CEP) for the period 2022-
Andhra Pradesh to form a unified
26.
state for Telugu-speaking people by
● Third MoU seeks to enhance bilateral
cooperation in youth matters.
1 | Page
 sculpting that state from erstwhile ● The finance ministry had estimated the
Madras. deficit at Rs 15,91,089 crore or 6.9 per
● In 1969, the Telangana region cent of GDP in February 2022.
witnessed a protest for a new state. ● The difference between total revenue
and total expenditure of the government
Union Minister Dr Jitendra Singh releases book
is termed a fiscal deficit.
on pension reforms
Chef Vikas Khanna first Indian to make Gazette
● Union Minister of State for Personnel,
Review’s global top 10
Public Grievances and Pensions Dr.
Jitendra Singh released a book and its ● Michelin star celebrity chef Vikas
e-Version on 8 Years of Administrative Khanna has been ranked among the top
and Pension reforms -2014-2022, on 1 10 global chefs in the world by Gazette
June 2022. Review, becoming the only Indian chef
● He also delivered the inaugural address who has made it to the prestigious list.
at a webinar on Administrative Reforms ● Gazette Review ranked Mr. Khanna
and Pension Reforms (2014-2022) in sixth, with British chef Gordon Ramsay
New Delhi. leading the list.
● Mr. Khanna is also known for creating
EAM Dr S Jaishankar on a visit to Slovakia,
the most expensive cookbook in the
Czech Republic
world.
● External Affairs Minister Dr S Jaishankar
Punjab abolishes physical stamp papers, launches
is on a five-day visit to Slovakia and the
‘e-stamp’ facility
Czech Republic from 2 June 2022.
● He will attend the GLOBSEC 2022 ● The Punjab government on 2 June
Forum and speak on the topic ‘Taking 2022 decided to abolish the physical
Friendship to the Next Level: Allies in stamp papers in an attempt to bring
the Indo-Pacific Region’. efficiency and check the pilferage of
● During his visit to the Czech Republic, State revenue.
Dr Jaishankar will hold discussions with ● Earlier the e-stamping facility was
his counterpart Jan Lipavský. applicable only to a value of above
₹20,000, but the government is
Indian Navy to bid farewell to two ships INS
extending this facility to stamp papers
Nishank, INS Akshay
for all denominations starting from ₹1.
● The Indian Navy will bid farewell to its ● Punjab Chief Minister - Bhagwant Mann
two ships INS Nishank and INS Akshay,
Turkey rejects Indian wheat consignment
at Naval Dockyard in Mumbai on 3 June
2022. ● Turkish authorities denied permission to
● Both the ships will be decommissioned an Indian wheat consignment over
at Naval Dockyard after 32 years of phytosanitary concerns, prompting a
being at the forefront. ship to initiate its return journey on May
● Nishank, the fourth of the Veer-class 29, 2022.
missile corvette, has been an integral ● Global supply of wheat has been
part of the "Killer Squadron" renowned severely affected by Russia's invasion of
for its heroics in the 1971 war. Ukraine since the two countries account
for one-fourth of global wheat trade.
India's Fiscal Deficit at 6.71% of GDP in FY22
● Turkey Capital - Ankara
● India’s fiscal deficit for the financial year ● Turkey President - Recep Tayyip
2021-22 stood at Rs 15,86,537 crore, or Erdoğan
6.71 per cent of the gross domestic
Asia Cup Hockey 2022: India win bronze after
product (GDP).
beating Japan 1-0

2 | Page
 ● The Indian men’s hockey team won
bronze in Hockey Asia Cup 2022 after
defeating Japan 1-0 in the third-Place
match.
● India captain Birendra Lakra won the
player of the match award for his sturdy
defensive work.
● The 2022 Men's Hockey Asia Cup was
the eleventh edition of the Men's Hockey
Asia Cup.
● South Korea won their fifth title after a
finals win over Malaysia.
National flag can now be machine-made, in
polyester
● The Indian national flag or Tricolour can
now be made of polyester and with the
help of machines, according to the
revised Flag Code of India.
● The Union government in December
2021 amended the flag code stating the
national flag made of polyester or
machine-made flags have been allowed.
● Before this, only hand-woven and hand-
spun flags made of cotton, silk, wool or
Khadi were allowed.
North India's first Industrial Biotech Park
inaugurated in J&K
● Jammu and Kashmir (J&K) Lieutenant
Governor, Manoj Sinha and Union
minister Jitendra Singh on 28 May,
2022, inaugurated the north India's first
Industrial Biotech Park constructed at
Ghatti near Kathua, Jammu and
Kashmir.
● The Biotech Park would act as the hub
for the incubation of new ideas and will
act as a robust platform to support the
agri-entrepreneurs, startups, and
progressive farmers.
India win first ever medal at the IBSA Judo
Grand Prix
Attempt Daily Current Affairs Quiz
3 | Page
● India won its first ever medal at the
IBSA Judo Grand Prix, held in Nur
Sultan, Kazakhstan.
● The Indian Blind and Para Judo
Association’s Judoka Kapil Parmar won
the bronze medal in the event.
● IBSA Judo Grand Prix are being staged
under a new classification system, with
athletes split into J1 and J2
categories. J1 competitors are partially
sighted, while J2 athletes are blind.
Rajesh Gera appointed Director General,
National Informatics Centre
● Senior scientist Rajesh Gera
was appointed as the Director General,
National Informatics Centre (NIC) on 31
May, 2022.
● Gera is currently Deputy Director
General in the NIC.
● The NIC, under the Ministry of
Electronics and Information Technology
(MeitY), was established in 1976 with
the objective to provide technology-
driven solutions to central and state
governments.
Union Cabinet allows procurement by
Cooperatives through GeM portal
● The Union Cabinet on 1 June
2022 approved a proposal to expand the
mandate of Government e-Marketplace
(GeM) by allowing procurement by
cooperatives.
● The move will help over 8.54 lakh
registered cooperatives and their 27
crore members.
● The GeM was launched on August 9,
2016, by the Commerce Ministry to
create an open and transparent
procurement platform for government
buyers.