Daily GK Update: 7th June 2022

By Neha Bisarya|Updated : June 7th, 2022

 Defense

1. India successfully test-fired Nuclear-capable Agni-4 Ballistic Missile

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  • India has successfully test- fired a nuclear-capable Agni-IV ballistic missile from APJ Abdul Kalam Island in Odisha.
  • Agni-IV can strike targets 4,000 km away.
  • This missile is the fourth in the Agni series of missiles which is earlier known as Agni II prime.
  • This missile was designed by the Defence Research and Development Organisation (DRDO) and manufactured by the Bharat Dynamics Limited.
  • Length of Agni IV: 20 metres 
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 National Affairs

2. FM Nirmala Sitharaman launches single nodal agency dashboard

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  • Finance Minister, Nirmala Sitharaman has launched the Single Nodal Agency Dashboard during the Iconic Week Celebrations of Azadi Ka Amrit Mahotsav.
  • The Iconic Week of the Ministry of Finance and Ministry of Corporate Affairs was launched by PM Modi.
  • Aim of this dashboard: It also ensures about Centrally Sponsored Schemes fund utilization, tracking of funds, pragmatic and just-in-time release of funds to the States.
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 National Affairs

3. HM Amit Shah inaugurates National Tribal Research Institute in New Delhi

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  • Home Minister, Amit Shah has inaugurated the National Tribal Research Institute (NTRI) in New Delhi as a part of 'Azadi Ka Amrit Mahotsav' celebration by the Ministry of Tribal Affairs.
  • NTRI will be a leading national institute for tribal concerns, issues and  executive and legislative fields.  
  • It will also monitor projects of Tribal Research Institutes and set up norms for improvement in the quality of research and training.
  • Minister of Tribal Affairs: Arjun Munda
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 State Affairs

4. Amazon, Manipur Handloom & Handicrafts Development Corporation sign MoU

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  • Manipur Handloom & Handicrafts Development Corporation (MHHDC) has signed a pact with Amazon for providing an e-market platform for traditional handloom and handicraft items.
  • Both representatives, signed the MoU at the opening function of Manipur Heritage Expo, 2022.
  • As per the National Handloom Census Report, 2019, Manipur is a home of around 2.12 lakh handloom weavers, around 2.11 lakh looms and around two lakh handicraft artisans.
  • Manipur CM: N. Biren Singh
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 Defense

5. Multinational Peacekeeping 'Ex Khaan Quest 2022' begins in Mongolia

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  • A multinational peacekeeping exercise, 'Ex Khaan Quest' 2022 has started in Mongolia.
  • 16 countries are taking part in this exercise including India.
  • This exercise has been inaugurated by the President of Mongolia, Ukhnaagiin Khurelsukh.
  • Indian Army is represented by a contingent from the Ladakh Scouts.
  • Aim: Enhance interoperability, building military to military relationships, developing peace support operations and military readiness among participating nations.
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 Defense

6. DAC clears proposals worth Rs 76,390 crore to boost ‘Aatmanirbhar Bharat’

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  • Defence Acquisition Council (DAC) has accorded the Acceptance of Necessity (AoN) for Capital Acquisition Proposals of the Armed Forces amounting to Rs 76,390 crore.
  • This will give boost to the Indian Defence Industry and reduce foreign spending significantly.
  • The DAC meeting was headed by Defence Minister, Rajnath Singh.
  • Indian Army: Rough Terrain Fork Lift Trucks, Bridge Laying Tanks, Wheeled Armoured Fighting Vehicles.
  • Indian Navy: Next Generation Corvettes (NGC).
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 Banking & Finance

7. RBI releases provisioning norms for upper-layer NBFCs

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  • The Reserve Bank of India (RBI) has released the provisioning guidelines for outstanding loans extended by 'NBFC-Upper Layer'.
  • These guidelines shall be effective from October 1, 2022.
  • Individual housing loans and loans to Small and Micro Enterprises (SMEs) : 0.25%
  • Housing loans extended at teaser rates: 2% (decrease to 0.4% after 1 year from the date on which the rates are raised.)
  • Advances to Commercial Real Estate- Residential Housing (CRE - RH) Sector: 0.75% 
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 Banking & Finance

8. RBI declares results of its First Global Hackathon - HARBINGER 2021

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  • The Reserve Bank of India (RBI) had launched its first global hackathon – “HARBINGER 2021 – Innovation for Transformation”.
  • Theme of HARBINGER 2021: Smarter Digital Payments.
  • Tone Tag (brand of Naffa Innovations) has been declared the winner in two categories, first is 'Innovative, easy-to-use, non-mobile digital payment solutions' and second is 'Context-based retail payments to remove the physical act of payment'.
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 Important Dates

9. World Food Safety Day 2022 : 7th June

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  • The World Food Safety Day is observed annually on June 7 to raise awareness of the health hazards associated with unsafe food, and to highlight the significance of hygiene in daily life.
  • Theme 2022: ‘Safer food, better health’.
  • This day was marked by the United Nations General Assembly (UNGA) on December 20, 2018.
  • The  Food and Agriculture Organisation (FAO) and WHO jointly celebrate the observance of this day.
  • WHO Headquarters: Geneva, Switzerland
  • FAO HQ: Rome, Italy
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 Honours & Awards

10. Indian Railways awarded by the UIC International Sustainable Railway Awards

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  • Indian Railways have been conferred with the UIC International Sustainable Railway Awards (ISRA) in the category of “Best use of Zero-Carbon Technology” for feeding Solar Energy directly to 25 KV AC Traction System.
  • Initiatives of Indian Railway to protect environment:-
  • Use of alternate fuels like CNG.
  • Improving water use efficiency through measures like water recycling and rain water harvesting.
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 National & International Appointments

11. MS Dhoni becomes brand ambassador of Garuda Aerospace

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  • Mahendra Singh Dhoni has invested an undisclosed amount in Garuda Aerospace, which is an Indian drone startup.
  • He has also appointed as a brand ambassador of this company.
  • Garuda Aerospace is among the four drone startups that had been selected by Swiggy for a pilot project which involve carrying out supply runs for its grocery service Instamart.
  • Garuda Aerospace was started in 2015.
  • Founder & CEO: Agnishwar Jayaprakash
  • Garuda Aerospace HQ: Chennai
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 National & International Organizations

12. Instagram to launch AMBER alerts to help in finding missing children

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  • Meta has announced that AMBER alerts will soon be rolled out to Instagram in 25 countries.
  • With the help of this alerts, users will get notifications of missing children in the area.
  • This feature was already available on Facebook and helped to find hundreds of children since it was introduced in 2015.
  • This was developed in partnership with the National Center for Missing & Exploited Children in US and International Centre for Missing & Exploited Children.
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 Banking & Finance

13. Airtel Payments Bank offer gold loans in partnership with Muthoot Finance

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  • Airtel Payments Bank has partnered with Muthoot Finance to offer gold loans through Airtel Thanks app.
  • There will be no-processing charge on the loan.
  • Muthoot Finance will provide up to 75% of the pledged gold value as a loan.
  • The loan facility will be available at the 5 lakh banking points for Airtel Payments Bank.
  • Gold Loans are secured loans that can be availed to cater to a variety of needs, from personal to professional.
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Daily GK Update: 7th June 2022

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