Daily Current Affairs 03rd June 2024, Important News Headlines (Daily GK Update)

National News

Supreme Court Reconstitutes Gender Sensitisation Committee

The Supreme Court of India has reconstituted its Gender Sensitisation and Internal Complaints Committee, in accordance with the Gender Sensitisation and Sexual Harassment regulations of 2013. The reconstitution, initiated by the Chief Justice of India, appoints Justice Hima Kohli as the Chairperson, alongside Justice BV Nagarathna as a Member and Dr. Sukhda Pritam as the Member Secretary.

Centre Launches New Mobile Number Series for Service, Transactional Calls

The Centre has introduced a new numbering series, 160xxxxxxx, for making service or transactional calls. This move aims to help citizens easily identify legitimate calls and curb unsolicited voice calls from telemarketers using 10-digit mobile numbers.

State News

Telangana Formation Day: Celebrating the Birth of a New State

Telangana Formation Day is a momentous occasion celebrated annually on June 2 in the Indian state of Telangana. This day marks the official establishment of Telangana as the 28th state of India on June 2, 2014, after years of struggle and aspirations for a separate state identity.

Banking News

Reserve Bank of India Cancels 10-Year Green Bond Auction for the First Time

In a first, the Reserve Bank of India (RBI) has cancelled the auction of 10-year green bonds as traders refused to pay the greenium, the premium for sustainability impact. This move highlights the market’s reluctance to invest at the desired yields, leading to significant financial implications.

UPI Breaks Record with 14.04 Billion Transactions in May, Sees 49% Year-on-Year Growth

Economy News

Indian Economy Grew by 8.2% in FY 24: NSO

India’s GDP growth rate jumped to 7.8% in Q4 of FY24, leading to an annual growth rate of 8.2%, as reported by the National Statistical Office (NSO) of the Ministry of Statistics and Programme Implementation (MoSPI).

India’s Fiscal Deficit for FY24: Government Data Analysis

India’s fiscal deficit for FY24 improved to 5.6% of GDP, down from the Revised Estimates of 5.8%, owing to higher-than-expected tax receipts. The deficit stood at Rs 16.54 trillion against the budgetary target of Rs 17.86 trillion. Net tax receipts surpassed projections at Rs 23.27 trillion, while total expenditure reached Rs 44.43 trillion, constituting 99% of the budgeted amount.

Gross GST Revenue Collection in May 2024: ₹1.73 Lakh Crore, Records 10% YoY Growth

In May 2024, the gross Goods and Services Tax (GST) revenue reached ₹1.73 lakh crore, marking a notable 10% year-on-year growth. This surge was primarily fueled by a robust uptick in domestic transactions, which rose by 15.3%, while imports experienced a slight decline of 4.3%. The net GST revenue for May 2024, after factoring in refunds, amounted to ₹1.44 lakh crore, showcasing a growth of 6.9% compared to the same period last year.

Sports News

Dinesh Karthik Announces Retirement from Representative Cricket

In a decision that marked the end of an era, Dinesh Karthik, the veteran wicketkeeper-batter, announced his retirement from all forms of cricket. The writing was on the wall after his emotional farewell from the Royal Challengers Bengaluru (RCB) franchise in the recently concluded Indian Premier League (IPL) season.

Real Madrid’s Historic 15th Champions League Title

Wembley Stadium, Real Madrid etched their name in the history books once again by securing a record-extending 15th UEFA Champions League title. The Spanish giants showcased their trademark resilience and clinical edge, overcoming a valiant Borussia Dortmund side with a 2-0 victory.

Indian Athletes Shine at Taiwan Athletics Open 2024

Nayana James, an Asian Athletics Championships bronze medalist, etched her name in glory by clinching the gold medal in the women’s long jump event at the Taiwan Athletics Open 2024 held in Chinese Taipei. Braving rainy conditions at the Taipei Municipal Stadium, Nayana recorded an impressive distance of 6.43m to secure the top spot on the podium.

Ranks and Reports News

Gautam Adani Reclaims the Title of Asia’s Richest Person

In a significant development, Gautam Adani, the chairman of the Adani Group, has regained the title of Asia’s richest person, surpassing Mukesh Ambani, the head of Reliance Industries. This milestone was achieved after a surge in the stock prices of the listed companies within Adani’s apples-to-airport conglomerate.

Defence News

Indian Air Force and Navy Participate in Mega Multinational War Games

The Indian Air Force (IAF) has deployed its formidable Rafale fighter jets for the two-week multinational air exercise Red Flag, which commenced on May 30 in Alaska. The IAF contingent, supported by IL-78 air-to-air refuelers and C-17 transport aircraft, arrived at the Eielson Air Force Base in the United States for the advanced aerial combat training exercise.

Important Days

World Bicycle Day 2024: Celebrating the Sustainable and Healthy Mode of Transportation

World Bicycle Day on June 3, 2024, it’s time to embrace the sustainable and eco-friendly mode of transportation that not only reduces our carbon footprint but also promotes a healthy lifestyle. Bicycles have been an integral part of our lives, offering a liberating experience while contributing to a greener planet.

International Sex Workers’ Day 2024: Raising Awareness for Dignity and Rights

On June 2, 2024, the world observes International Sex Workers’ Day, a day dedicated to raising awareness about the challenges and exploitation faced by sex workers worldwide. This annual event serves as a reminder of the importance of healthy working conditions, respect, and human rights for those engaged in the sex industry.