Current Affairs - June 7, 2024 Current Affairs

India's first biosphere in a tiger reserve, the Rajaji Raghati Biosphere (RRB), is located within the Rajaji National Park in Uttarakhand. This biosphere initiative aims to protect native trees and endangered species while revitalizing degraded land within the park.

The Plastic Waste Management Plant was inaugurated in Changgu, East Sikkim, as part of the Indian Army's "Go Green Initiatives" on World Environment Day. This initiative aligns with the Army's Sadbhavana initiative and aims to promote environmental sustainability while benefiting the local economy by managing plastic waste effectively.

The Special Marriage Act, of 1954, enacted by the Parliament of India, provides a special form of marriage for all Indian nationals, irrespective of their religion or faith. This Act allows inter-religious marriages and marriages not governed by personal laws, aiming to provide a legal framework for civil marriages in India.

The annual climate conference scheduled for November will lay particular stress on "Peace" and "Truce" to enable countries to focus on climate solutions amid ongoing conflicts. This emphasis aims to create a conducive environment for discussions and actions on addressing climate change issues during the conference, which will convene in Baku, Azerbaijan, hosting the 2024 UN Climate Change Conference (UNFCCC COP 29).

Nvidia's remarkable surge in stock value has propelled it past Apple to claim the position of the world's second most valuable company. This significant shift reflects the growing dominance of Nvidia, particularly in the artificial intelligence chipmaking sector, and highlights its unprecedented market capitalization exceeding $3 trillion.

SBI Mutual Fund achieved a historic milestone by becoming the first fund house in India to surpass Rs 10 trillion in assets under management. This accomplishment was driven by strategic product launches, expanding investor base, and leveraging SBI’s network.

World Food Safety Day is celebrated annually on June 7th with the theme of raising awareness about the importance of food safety and promoting actions to prevent, detect, and manage foodborne risks. This day underscores the critical role of food safety in ensuring access to safe, nutritious, and sufficient food globally.

Reliance Industries Limited (RIL) is set to develop a global economic hub in Navi Mumbai. The company has secured sub-leases on approximately 3,750 acres of land for this purpose. This initiative follows a memorandum of understanding signed with the Maharashtra government in 2018, and the lease spans 43 years.

Muthoot Microfin Limited has entered into a strategic co-lending partnership with the State Bank of India (SBI) to provide financial support to women entrepreneurs in rural and semi-urban areas across India. This collaboration aims to extend financial services to Joint Liability Groups (JLGs) engaged in various income-generating enterprises, with loan amounts ranging from Rs 10,000 to Rs 3,00,000.

In the RBI Monetary Policy of June 2024, the policy repo rate was maintained at 6.5% by the Monetary Policy Committee. This decision was made with a 4:2 majority.

The National Workshop on Safe, Trusted, and Ethical AI was hosted by UNESCO in collaboration with MeitY. This event aimed to enhance India's AI ecosystem and address ethical implications, societal impacts, and strategies for ethical AI implementation.

The National Company Law Tribunal (NCLT) has approved the merger of Air India and Vistara, paving the way for the formation of one of the world's largest airline groups. This merger, announced in November 2022, is a significant development in the aviation industry.

The Centre for Development of Telematics (C-DOT) was established by the Government of India on August 24, 1984. This premier telecom research and development centre aims to revolutionize the telecom sector by developing cutting-edge technologies tailored to Indian conditions. C-DOT received the prestigious 'Champion' award at the WSIS+20 Forum High-Level Event 2024 for its project “Mobile-Enabled Disaster Resilience through Cell Broadcast Emergency Alerting,” under the AI, C-7, E-environment category. This recognition highlights C-DOT's commitment to leveraging technology for societal impact, particularly in disaster management and emergency preparedness.

The Uttarakhand government organized India's first-ever astro-tourism event called 'Nakshatra Sabha' in Mussoorie, the 'Queen of Hills', on June 1 and 2, 2024. This initiative aims to promote astro-tourism in the state, attracting astronomy enthusiasts, adventurers, and travellers to marvel at the wonders of the universe while enjoying Uttarakhand's natural beauty.

BHEL, a state-owned company, secured an order worth over ₹3,500 crore from Adani Power Limited to establish a thermal power project in Raipur, Chhattisgarh. This significant order highlights BHEL's role in the energy sector and its contribution to power generation infrastructure in India.