17-Jun-2024
Current Affairs (17th June, 2024)
Current Affairs
United States (US)-India Strategic Partnership Forum (USISPF) Commence VII Annual Leadership Summit
- It is held in Washington.
- The summit focuses on the Initiative for Critical and Emerging Technology (iCET), strengthening US-India supply chains, securing a stronger Indo-Pacific with the Quad and enhancing the commercial bilateral relationship.
- The four focus areas of iCET are Artificial Intelligence, Quantum Computing, Semiconductors and Wireless Telecommunication.
- Note:
- USISPF is the only independent not-for-profit institution dedicated to strengthening the US-India partnership in Washington DC and in New Delhi.
- It is a trusted partner for businesses, non-profit organisations, the diaspora and the governments of India and the United States.
Reserve Bank of India (RBI) was Awarded Risk Manager of the Year Award 2024
- The award was given by the London-based publishing house Central Banking.
- The bank was recognized for improving its Enterprise-Wide Risk Management (ERM) framework across the organization.
- Note:
- The Reserve Bank of India was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934.
- It was initially established in Kolkata but was permanently moved to Mumbai in 1937.
- Functions:
- It plans and supervises the monetary policies designed for the country.
- It designs the parameters under which all the banks of the country should work.
- All the foreign exchanges that happen between India and other countries are maintained and looked after by the RBI.
- RBI is the authority who issues notes, destroys the old notes and decides which currency is fit for circulation among the people.
- It introduces and upgrades safe and efficient modes of payment systems in the country to meet the requirements of the public at large.
What is Enterprise Risk Management (ERM)?
- It is the process of planning, organizing, directing and controlling the activities of an organization to minimize the harmful effects of risk on its capital and earnings.
- It can include financial, strategic and operational risks and those associated with accidental losses.
Maharashtra Farmer Siddhesh Sakore Named Land Hero by United Nation (UN) Convention to Combat Desertification (UNCCD)
- The UNCCD praised the dedication of Siddhesh Sakore to addressing the economic and environmental challenges faced by farmers in Maharashtra.
- He highlighted the impact of economic crises, toxic chemical usage and climate change on sustainable farming, stressing the importance of eco-friendly and cost-effective technologies.
- Note:
- The United Nations Convention to Combat Desertification (UNCCD) was established in 1994.
- It is the sole legally binding environment convention that links development and environment to sustainable land management.
- Its headquarter is in Bonn, Germany.
- The UNCCD is one of the three Rio Conventions, the other two being:
- United Nation Convention on Biological Diversity (UNCBD)
- United Nations Framework Convention on Climate Change (UNFCCC)
- It works to combat Desertification, Land Degradation and Drought (DLDD) by promoting sustainable land management practices, restoring degraded ecosystems and supporting communities affected by these issues.
- Indian Chess Player Divya Deshmukh Won U-20 World Junior Chess Championship 2024
- She became the fourth Indian woman to win this prestigious title by defeating Bulgarian Grand Master Beloslava Krasteva.
- The Championship was organized by the International Chess Federation (FIDE).
- Note:
- The International Chess Federation (FIDE), founded in 1924, is the governing body of chess and regulates all international chess competitions.
- Its headquarter is in Lausanne.
- Constituted as a non-governmental institution, it was recognized by the International Olympic Committee as a Global Sporting Organization in 1999.
- Motto: Gens una Sumus (We are one Family)
Global Wind Day 2024
- Global Wind Day is annually observed on 15th June to raise awareness about the importance of wind energy as a clean and renewable power source.
- The theme for the day 2024 is Pawan-Urja: Powering the Future of India.