Daily Current Affairs (Beepedia) 18th June 2024

RBI Banking and Economy

1. Paytm Appointment Update:
• Rajeev Krishnamuralilal Agarwal appointed as Non-Executive Independent Director of One 97 Communications Limited (Paytm).
• Neeraj Arora resigned due to preoccupations and personal commitments.
2. India's Growth Forecast Update:
• Fitch Ratings revised India's growth forecast to 7.2% from 7% for the current financial year.
3. LNG Imports and Domestic Production Update:
• LNG imports fell by 7.2% year-on-year in May.
• Natural gas consumption increased slightly by 0.3%.
4. RBI Variable Rate Repo (VRR) Auction Announcement:
• RBI to conduct a 3-day VRR auction on June 18, 2024, with a notified amount of ₹100000 crore.
5. Fiscal Deficit Target for FY25:
• The fiscal deficit target may be maintained at 5.1% of GDP for FY25.

SEBI and Financial Awareness

1. SBI Loan and Deposit Growth Expectations for FY25:
• SBI expects 14-15% loan growth and aims to grow deposits by 12-13% in FY25.

National

1. NPPA Drug Price Fixing Update:
• Retail prices fixed for 54 drug formulations, including diabetes, hypertension, and calcium tablets.
2. DoT Calls for Proposals:
• Two significant proposals announced: 5G Intelligent Village and Quantum Encryption Algorithm.
3. DoT Action Against Electricity KYC Update Scam:
• Blocking of 392 mobile handsets involved in scams and re-verification of 31,740 mobile connections.

International

1. India Participates in the Summit on Peace in Ukraine:
• Held in Switzerland on June 15-16, 2024, showing India's commitment to peaceful resolution.

Reports and Indexes

1. Global Nuclear Weapons Landscape and Spending Trends:
• SIPRI report notes the US, China, and Russia lead in nuclear weapons expenditures.
2. Mumbai Retains Top Spot as India’s Most Expensive City for Expats:
• Mercer 2024 Cost of Living Survey ranks Mumbai as the most expensive city in India for expatriates.

Events

1. 18th MIFF Session on Anthropocene Era and Human-Nature Relationship:
• Session titled “In the Age of Anthropocene Is There Still Time to Dither?”.
2. 18th MIFF Celebrates Asian Women Filmmakers:
• Features five films highlighting themes of empowerment and resilience.
3. "Gumnaan Din" Highlights at 18th MIFF:
• Film explores the lives of migrant workers and their experiences.
4. "Mission Life" Package at 18th MIFF:
• Focuses on promoting sustainable lifestyles and environmental protection.

Appointments

1. PM Modi Congratulates President Cyril Ramaphosa:
• Congratulations on re-election as President of South Africa.

Sports

1. Lee Zii Jia Triumphs at BWF Australian Open 2024:
• Won against Japan’s Naraoka Kodai, securing his second title of the season.