Daily GK Update: 7th June 2023

 Sports

1. Shot putter Siddharth Choudhary wins gold at Asian U20 Athletics C'ship

• India's Siddharth Choudhary has clinched the gold medal in the men’s shot put with a personal best throw of 19.52 metres at the Under 20 Asian Athletics Championships in Yecheon, South Korea.
• Three other players Sharuk Khan (3000-metre steeplechase), Shivam Lohakare (Javelin), and Susmita (Long Jump) have also clinched the silver medals in their respective events.
• While Shakeel (800 metres) and the mixed relay team won the bronze medal.

 State Affairs

2. MP Govt to launch 'CM Learn and Earn' scheme

• MP government has launched Chief Minister's Learn and Earn scheme to teach employable skills to the youth.
• Feature:
  • The youth will also be given an allowance of Rs 8,000 to 10,000
  • 703 work areas have been identified for training
  • At least one lakh youth would be trained
  • The registration of establishments providing training to youth will start on June 7
  • The registration of youth willing to learn work will start on 15th June
  • The youth will start working from 1st August

 Important Dates

3. World Food Safety Day 2023: 7th June

• The fifth World Food Safety Day is celebrated on 7 June 2023 to draw attention to help prevent, detect, and manage foodborne risks, contributing to food security, human health, agriculture, and sustainable development.
• 2023 theme: Food Standards Save Live
• The 2023 theme emphasizes that how important food standards are to protecting public health.
• This day was established by the WHO and FAO in 2018.
• On June 7, 2019, the first World Food Safety Day was observed.

 Banking & Finance

4. World Bank cuts India growth forecast but lifts global outlook

• According to the Global Economic Prospects report, released by the World Bank, India's growth outlook has been lowered to 6.3% in FY2023/24, a 0.3% point downward revision from January 2023.
• The bank has also raised the 2023 global growth forecast, highlighting that the U.S. and other major economies have proven more resilient than forecast.
• The global Real GDP would climb 2.1% in 2023, up from a 1.7% forecast issued in January 2023 but below 3.1% (2022 growth rate).

 Banking & Finance

5. Wipro and Microsoft launch innovation experience for financial services

• Wipro Limited has collaborated with Microsoft to launch the Wipro Industry Innovation Experience for Financial Services.
• It will feature a new suite of banking and financial services solutions built on Microsoft Cloud.
• Aim: To help financial services clients accelerate growth and deepen client relationships
• It would bring together Microsoft Cloud capabilities with Wipro FullStride Cloud, as well as leverage Wipro’s and Capco’s deep domain expertise in financial services

 Schemes

6. Mission on Advanced and High-Impact Research (MAHIR) to be launched

• The Ministry of Power and the Ministry of New and Renewable Energy joined hands to launch a National Mission titled “Mission on Advanced and High-Impact Research (MAHIR)”.
• Aim: To quickly identify emerging technologies in the power sector and develop them indigenously, at scale, for deployment within and outside India
• Funded by: Ministry of Power, Ministry of New and Renewable Energy, and CPSEs under the two Ministries
• Tenure: Five years, 2023-24 to 2027-28

 National & International Organizations

7. India's internet economy set to hit $1 trillion in 7 years: Report

• According to a report titled 'The e-Conomy of a Billion Connected Indians' published by Google, Temasek and Bain & Company, India’s internet economy is expected to grow six-fold to $1 trillion by 2030 from $175 billion in 2022.
• The contribution of the Internet economy to India’s technology sector would expand, from 48% to 62% in 2030.
• The report emphasizes that the growth will be spearheaded by the B2C e-commerce segment, followed by B2B, and SaaS providers.

 Honours & Awards

8. Ramanathapuram DFO Jagish S Bakan bagged Unesco award 2023

• District Forest Officer (DFO) of Ramanathapuram district, Jagdish Bakan has won the 2023 Michel Batisse Award for Biosphere Reserve Management from UNESCO.
• The 2017 batch officer of the IFS is currently the director of the Gulf of Mannar Biosphere Reserve.
• The USD 12,000 award is given in memory of Dr. Michel Batisse for outstanding achievement in the management of biosphere reserves.
• He will receive the award from Unesco in Paris on June 14, 2023.

 State Affairs

9. Uttar Pradesh govt launches Nand Baba Milk Mission scheme

• Uttar Pradesh has launched the Nand Baba Milk Mission scheme at a cost of Rs 1,000 crore.
• Aim: To provide milk producers the facility of selling their milk at a reasonable price in villages through dairy cooperative societies
• Under this mission, it is proposed to form a Dairy farmer producer organization (Dairy FPO) in order to facilitate the sale of milk in producers' villages itself.
• UP is a leading state in the field of milk development and milk production.

 International Affairs

10. Cyclone Biparjoy likely to intensify into severe cyclonic storm

• The India Meteorological Department informed that Cyclone 'Biparjoy' would be intensified into a very severe storm as it moved nearly northwards with a speed of 2 kmph in the last 6 hours.
• The cyclonic storms in the Bay of Bengal and the Arabian Sea have been intensifying rapidly and retaining their intensity for a longer duration due to climate change.
• The name Biparjoy was given to the cyclone by Bangladesh, which means “Disaster” in Bengali.

 Banking & Finance

11. Kotak Bank launches Réserve

• Kotak Private Banking (division of Kotak Mahindra Bank) has unveiled a Savings Programme named 'Kotak Réserve', curated exclusively for Ultra High Net Worth Individuals (UHNIs) and High Net Worth Individuals (HNIs).
• This by-invite program extends beyond banking services, offering a range of exclusive amenities to provide clients with an unparalleled luxury banking experience.
• Aim: To deliver a premium banking experience by offering exclusive lifestyle benefits

 Banking & Finance

12. Yes Securities announced Partnership with WatchYourHealth

• YES SECURITIES has partnered with WatchYourHealth to provide investment solutions to healthcare professionals through the ‘Wellth- Where Investments and Health Unite’ program.
• Aim: To help the healthcare community start their investment journey for successful wealth creation and achieving long-term financial goals
• It will also provide free-of-cost demat and trading accounts, monthly stock research recommendations, and tailor-made product offerings based on needs.

 Banking & Finance

13. HDFC Bank introduces Millennia Credit Card

• HDFC Bank has introduced a new credit card 'Millennia', that comes with contactless technology allowing customers to ‘tap and pay’ via POS machine.
• It offers cashback and reward points on Amazon, Flipkart, and other e-commerce platforms.
• It also offers 1% cash back on offline purchases, smart EMI, and lounge access for free.
• It is applicable to both self-employed and salaried persons.
• People earning a maximum of ₹35,000 gross salary can apply for the card.