2 June Current Affairs 2023 refers to the latest news and events happening around the world and are relevant to our daily lives. Staying updated with the 2 June Current Affairs 2023 is essential for students who are preparing for exams, especially competitive exams, as it forms an important part of the syllabus. The importance of the 2 June Current Affairs 2023 lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities. 2 June Current Affairs 2023 also provides students with insights into various issues such as politics, economics, and social issues that are important for their overall development as informed citizens. Regularly reading and analyzing the 2 June Current Affairs 2023 not only helps students ace their exams but also prepares them for their future roles as responsible and well-informed citizens of society.
Cabinet approves CITIIS 2.0 from 2023 to 2027
The Union Cabinet, led by Prime Minister Shri Narendra Modi, has approved the CITIIS 2.0 program. This four-year initiative aims to promote the circular economy, integrated waste management, and climate-oriented reforms at various levels. It will receive funding from international partners and build upon the success of CITIIS 1.0. CITIIS 2.0 will support city-level projects, provide state-level assistance for climate action, and strengthen climate governance. The program aligns with India’s national programs and global commitments, contributing to sustainable urban development. Read the complete article here
Ajay Yadav Takes Charge as MD of Solar Energy Corporation of India Limited (SECI)
Ajay Yadav has recently taken over as the Managing Director of Solar Energy Corporation of India Limited (SECI). SECI is an important organization under the central government that is responsible for conducting auctions for renewable energy projects. It plays a crucial role in implementing various renewable energy schemes and projects as the main executing agency under the Ministry of New and Renewable Energy, Government of India.
SECI’s commitment to renewable energy is further reinforced by its status as a Mini-Ratna Category-I CPSE (Central Public Sector Enterprise) and its AAA credit rating awarded by ICRA, which highlights the corporation’s financial strength and stability. These factors contribute to SECI’s credibility and position as a key player in the renewable energy sector. Read the complete article here
Noted Sanskrit Scholar Ved Kumari Ghai Passes Away
Ved Kumari Ghai, an eminent Sanskrit scholar hailing from Jammu City, Jammu and Kashmir, has left a remarkable legacy in the field of Sanskrit studies. Serving as the head of the Sanskrit department at Jammu University, she made significant contributions to the academic community.
Sadly, Ved Kumari Ghai passed away on 30th May 2023 at the age of 91, leaving behind a rich body of work. She was known for her extensive scholarship and had authored numerous books on Sanskrit literature, further enriching the understanding and appreciation of this ancient language. Her contributions will continue to inspire and influence future generations of Sanskrit enthusiasts. Read the complete article here
Razorpay introduces ‘Turbo UPI’ for seamless one-step payments to Online Merchants
Razorpay has launched Turbo UPI, a one-step payment solution for the UPI network. This revolutionary feature allows users to make direct payments without being redirected to third-party UPI apps. Turbo UPI simplifies the payment process, reducing friction and enhancing user convenience. It aims to improve the success rate of UPI transactions for businesses. Merchants benefit from valuable insights into user behavior and full control over the payment experience. Turbo UPI competes with Paytm’s UPI SDK, driving innovation in the UPI payment ecosystem. The increasing adoption of UPI in India makes Turbo UPI timely, aligning with consumer preferences for fast and frictionless transactions.
Razorpay’s commitment to seamless payment solutions demonstrates its dedication to driving growth in the digital landscape. Turbo UPI streamlines operations for merchants and enhances the checkout experience. The competition between fintech giants further benefits businesses and consumers. With rapid UPI adoption, Turbo UPI contributes to the digital transformation of India’s economy. It aligns perfectly with the evolving needs of Indian consumers. Razorpay’s dedication to empowering businesses and enabling digital transactions is evident. Turbo UPI revolutionizes UPI payments, driving growth and convenience. It shapes the future of online transactions, making secure and convenient payments accessible to all. Read the complete article here
Defense Exports of India Up by 23 Times Since 2014
India’s defense exports have experienced significant growth, reaching a record high. The value of exports has increased from 686 crore rupees in 2013-14 to nearly 16 thousand crore rupees in 2022-23, marking a remarkable 23-fold increase. This demonstrates India’s progress in the global defense manufacturing sector. The country’s defense industry has showcased its design and development capabilities to the world, with exports being sent to over 85 countries. Currently, around 100 firms are engaged in exporting defense products.
The government has implemented various policy initiatives and reforms over the past nine years to stimulate defense exports and support the industry’s growth. The Defense Industrial Corridors in Uttar Pradesh and Tamil Nadu, along with initiatives like Make in India and Atmanirbhar Bharat, have promoted indigenous design, development, and manufacture of defense equipment, reducing reliance on imports. Read the complete article here
Amarendu Prakash takes charge as SAIL Chairman
Amarendu Prakash is the new Chairman and Managing Director of Steel Authority of India Ltd (SAIL). He previously led the Bokaro steel plant and played a key role in turning around SAIL’s financial performance. Under his leadership, the plant achieved record-breaking production results. SAIL, established in 1954, is a prominent steel-making company in India, contributing to the country’s infrastructure development. With Prakash at the helm, SAIL is set for continued growth and success. Read the complete article here
Telangana Formation Day 2023 – Celebrating the Origin of a State
Telangana Formation Day, celebrated annually on June 2nd since 2014, marks the establishment of Telangana as a state. It is a day of remembrance and celebration, filled with activities to honor those who fought for Telangana’s formation. The journey to statehood was a complex process that began in the 1960s and resulted in the passing of the Andhra Pradesh Reorganization Act in 2009. Telangana has since experienced positive developments in investment, economic growth, poverty reduction, and employment opportunities. Telangana Formation Day signifies the progress and unity of the state, fostering optimism for the future. Read the complete article here
UPI Transactions Reach Record High of ₹14.3 Trillion in May 2023
In the month of May, Unified Payment Interface (UPI) transactions reached a record high in terms of both value and volume. The total value of UPI transactions for May amounted to ₹14.3 trillion, showing a 2% increase from the previous month’s value of ₹14.07 trillion. In terms of volume, UPI witnessed 9.41 billion transactions in May, reflecting a 6% rise from the 8.89 billion transactions recorded in April. These figures indicate the continued growth and popularity of UPI as a convenient and widely used digital payment method in India.
Experts predict that UPI will continue to dominate digital payments, accounting for around 90% of transactions in the next five years. This projection highlights the rapid adoption and popularity of UPI as a preferred digital payment method in India. Read the complete article here
PM SVANidhi Scheme Celebrates Successful Completion of 3 Years
Recently, Hardeep Singh Puri, the Minister for Housing and Urban Affairs, commended the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme on its significant three-year milestone. Launched in June 2020 during the COVID-19 Pandemic, the scheme had the objective of empowering street vendors by enabling self-employment, and self-sufficiency, and boosting their self-confidence.
Over the years, the PM SVANidhi scheme has emerged as one of India’s most impactful and rapidly expanding micro-credit schemes. It has played a crucial role in promoting financial inclusion, fostering digital literacy, and providing street vendors with dignity and stability in their livelihoods. The scheme’s success highlights the government’s commitment to supporting and uplifting street vendors in the country. Read the complete article here
Periodic Table & Evolution removed from Class 10th Curriculum
NCERT, the National Council of Educational Research and Training, faced criticism for allegedly removing chapters on democracy, political parties, Darwin’s theory, and the periodic table from Class 10 CBSE science textbooks. In response, NCERT clarified that these concepts are still part of the curriculum but have been shifted to higher classes. The decision was based on feedback from teachers and stakeholders, aiming to introduce certain concepts at more appropriate stages.
The rearrangement of the curriculum was also influenced by the COVID-19 pandemic to ensure uninterrupted learning. While critics raised concerns about the removal, NCERT emphasized that fundamental scientific concepts are covered in earlier classes. The scientific community expressed worries about potential gaps in scientific knowledge. Striking a balance between curriculum optimization and comprehensive learning is crucial for equipping students with scientific literacy and critical thinking skills. Read the complete article here