Daily GK Update: 9th June 2022

By Neha Bisarya|Updated : June 9th, 2022

 National Affairs

1. PM Modi inaugurates Biotech Startup Expo - 2022 in New Delhi

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  • PM Narendra Modi has inaugurated the Biotech Startup Expo - 2022 at Pragati Maidan in New Delhi.
  • This 2022 Expo is organised to mark completion of ten years of setting up of Biotechnology Industry Research Assistance Council (BIRAC).
  • The theme of the 2022 Expo is ‘Biotech Startup Innovations: Towards AatmaNirbhar Bharat’.
  • This Expo will connect entrepreneurs, investors, industry leaders, scientists, researchers, bio-incubators, government officials, etc.
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 National Affairs

2. Cabinet approves increase in MSP for Kharif crops

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  • The CCEA has approved increase in Minimum Support Price (MSP) for all intended Kharif crops for Marketing Season 2022-23.
  • Government has approved rates are at least 1.5 times of the all India weighted average cost of production.
  • The highest absolute increase in MSP has been recommended for: (Per Quintal)
  • Sesamum: Rs 523
  • Moong: Rs 480
  • Sunflower seed: Rs 385
  • Tur, Urad and Groundnut: Rs 300
  • Cotton (Medium Staple): Rs 354
  • Cotton (Long Staple)Rs 355
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 Sports

3. Mithali Raj announces her retirement from international cricket

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  • Indian Women's cricket legend, Mithali Raj has announced her retirement from all forms of international cricket at the age of 39 years.
  • She has represented India in matches (232) and scored 7,805 runs at an average of 50.68.
  • She made her international debut in an ODI against Ireland, in June 1999.
  • She became the first and is the only woman cricketer to have aggregated more than 10,000 international runs in over 350 matches across all three formats.
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 Sports

4. Indian shooters win gold in 10 meter air pistol mixed team event in France

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  • Indian shooters, Manish Narwal and Rubina Francis have won gold in 10 meter P6 air pistol mixed team event at the Para-shooting World Cup in Chateauroux, France.
  • The team of Narwal and Francis has defeated Chinese pair of Yang Chao and Min Li by 17-11.
  • The Indian duo has also created a new world record in the qualification stage with a score of 565 to enter the final at the top position.
  • Earlier, Avani Lekhara has bagged the gold in women’s 10m air rifle standing SH1.
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 International Affairs

5. European Parliament votes to ban sale of new petrol and diesel cars by 2035

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  • European Parliament Members have voted to prohibit the sale of new petrol and diesel cars by 2035.
  • Aim: To fight against climate change
  • The EU assembly voted in Strasbourg, France to require automakers to cut carbon-dioxide emissions by 100% by the middle of the next decade.
  • The mandate would amount to ban on the sale in the EU nations of new cars powered by gasoline.
  • EU lawmakers also endorsed a 55% reduction in CO2 from automobiles in 2030 compared with 2021.
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 Banking & Finance

6. RBI raises individual housing loan limit for co-operative banks

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  • The Reserve Bank of India (RBI) has raised the limits for individual housing loans being extended by Urban Cooperative Banks (UCBs) and Rural Cooperative Banks by over 100%.
  • The limits for Tier I /Tier II UCBs have been revised from ₹30 lakh/ ₹70 lakh to ₹60 lakh/ ₹140 lakh, respectively.
  • RCBs the limits have been increased:-
  • (i) From ₹20 lakh to ₹50 lakh for RCBs with assessed net worth less than ₹100 crore
  • (ii) From ₹30 lakh to ₹75 lakh for other RCBs.
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 Banking & Finance

7. OECD cuts India Growth forecast to 6.9% in FY23

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  • The Organisation for Economic Cooperation and Development (OECD) has reduced the economic growth for India to 6.9% growth in FY23 from 8.1% estimated earlier.
  • OECD has also projected the growth for India is 6.2% in 2023.
  • The Reserve Bank of India has also estimated the nations growth to 7.2%.
  • The RBI has also raised the repo rate by 50 basis points (bps) to 4.9% in a bid to curb the soaring inflation in the country. 
  • OECD Headquarters: Paris, France
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 National & International Appointments

8. Krishna Srinivasan appoints as the director of IMF's Asia-Pacific

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  • International Monetary Fund (IMF) has appointed Krishna Srinivasan as Director of the Asia and Pacific Department (APD) with effect from June 22.
  • He will succeed Changyong Rhee whose retirement from the IMF was announced on March 23.
  • He has joined IMF in 1994 in the Economist Program.
  • He is currently working as a Deputy Director in APD where he is responsible for the department's surveillance work on large and systemically important countries such as China and Korea.
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 National & International Organizations

9. QS World University Rankings 2023 of top 200 varsities released

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  • QS World University Ranking 2023 has been released, in which 41 Indian varsities have been found place in the rankings.
  • Indian Institute of Science (IISc) ranked 155th as the top research university in the world with a perfect score of 100 in the citation per faculty parameter.
  • IIT Bombay placed at the 172nd rank and IIT Delhi has been ranked 174. 
  • Massachusetts Institute of Technology (MIT) at top position followed by the University of Cambridge, Stanford University
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 National Affairs

10. Union Health Minister releases FSSAI’s 4th State Food Safety Index

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  • Union Health Minister, Mansukh Mandaviya has released the Food Safety and Standards Authority of India's (FSSAI), 4th State Food Safety Index.
  • Aim: To measure the performance of states across five parameters.
  • Tamil Nadu topped the list among large states followed by Gujarat and Maharashtra.
  • Smaller states: Goa(1st) followed by Manipur and Sikkim.
  • UTs: Jammu & Kashmir, Delhi and Chandigarh
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 State Affairs

11. Goa CM launches mobile app 'Beach Vigil App'

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  • Chief Minister of Goa, Pramod Sawant has launched “Beach Vigil App”.
  • Aim: To ensure the holistic management of beaches.
  • This app shall benefit the institutions working in beach tourism sector and tourists.
  • With the help of this app, the Drishti workers, police and other stakeholders can raise issues for safeguarding tourists’ interests.
  • The state government also planning to make the coastal state among the top 25 destinations for start-ups in Asia by 2025.
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 Sports

12. India beat Poland to win the inaugural FIH Hockey 5s title

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  • India beat Poland by 6-4 to win the final of the inaugural FIH Hockey 5s championship in Lausanne in Switzerland.
  • India had topped the five-team league standings with three wins and one draw en route final, ended their campaign with an unbeaten record.
  • Earlier, India has outplayed Malaysia by 7-3 before beating Poland 6-2 in the second match of the day.
  • Hockey 5s was first played in the preparation for the 2014 Youth Olympic Games.
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 Banking & Finance

13. SEBI restructured Advisory Committee on Mutual Funds

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  • Securities and Exchange Board of India has restructured its advisory 25 member committee on mutual funds.
  • The advisory committee will be chaired by former Deputy Governor of the Reserve Bank India, Usha Thorat.
  • Earlier, the committee had 24 members
  • Aim: Advise SEBI on problems relating to MF regulation and development, and on disclosure requirements and takes necessary for a change in the legal framework.
  • SEBI Chairperson:  Madhabi Puri Buch 
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Daily GK Update: 9th June 2022

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