20 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 20 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 20 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. 20 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 20 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.
Bangladesh Adopts Free-Floating Currency Regime to Access IMF Funds
Bangladesh’s central bank has allowed its currency, the taka, to float freely for the first time in a historic move prompted by the IMF. This aims to unlock additional funds from a loan program and brings transparency and efficiency to foreign exchange transactions. Despite concerns, the central bank anticipates a modest decline in the taka’s value. The decision has impacted financial markets, with the taka declining against the dollar but the Dhaka Stock Exchange index recording a notable increase. Bangladesh aims to bridge the gap between formal and informal markets, with all international transactions based on the new exchange rate structure from the third quarter of 2023. The country has already sold $13 billion in foreign currency due to increased demand. Moody’s downgrade and inflation concerns exist, but Bangladesh remains committed to its growth targets and a market-driven exchange rate regime. . Read the complete article here
World Refugee Day 2023
World Refugee Day is a special day recognized by the United Nations to show respect and appreciation for refugees worldwide. It takes place on June 20th every year and is a time to acknowledge the bravery and determination of individuals who have been compelled to leave their homeland due to war or mistreatment. This day encourages us to empathize with their struggles and hardships and to acknowledge their strength in starting anew and creating a better future for themselves. World Refugee Day serves as an opportunity to foster compassion and awareness, promoting a greater understanding of the challenges faced by refugees and their remarkable resilience in overcoming adversity.
The theme of World Refugee Day 2023 is “Hope away from Home. A world where refugees are always included.” The theme emphasizes the importance of integrating refugees into the communities where they have sought refuge, as it is the most effective way to support them in rebuilding their lives and enabling them to contribute to their host countries. Read the complete article here
UP CM Yogi Adityanath announced a new Prison Act: Prisons to be known as “Sudhaar Griha” (Reform Homes)
Uttar Pradesh Chief Minister Yogi Adityanath has emphasized the significance of prison reform and proposed the establishment of prisons as “Sudhaar Griha” or Reform Homes. In this regard, he has instructed the preparation of a new Prison Act for the state. The aim is to bring about positive changes in the prison system, promoting rehabilitation and reformation of inmates. The proposed reforms aim to create a more conducive environment for prisoners, fostering their personal growth and facilitating their successful reintegration into society.
The Government of India has recently developed the Model Prison Act 2023, which prioritizes the reformation and rehabilitation of prisoners. It serves as a valuable resource for us. Based on this Model Act, a new Prison Act specific to Uttar Pradesh will be formulated. Read the complete article here
Egypt Clinches Victory in SDAT WSF Squash World Cup Championship
Egypt emerged as the champions in the recent SDAT WSF Squash World Cup Championship after defeating Malaysia in a thrilling final. The tournament, held from 13 to 17 June at the Express Avenue Mall in Chennai, Tamil Nadu, featured intense competition among eight participating countries. Egypt’s victory showcased their exceptional skills, while Malaysia secured the silver medal. Hosts India and Japan shared the third-place position. The Chief Minister of Tamil Nadu, M.K. Stalin, honored the winning Egyptian team with the golden cup. Egypt’s triumph adds to their previous success in the 2011 edition of the World Cup held in Chennai. The championship provided a platform for players to demonstrate their talents and foster international camaraderie among nations. Read the complete article here
146th Jagannath Puri Rath Yatra 2023 begins with heightened security measures
The 146th Jagannath Puri Rath Yatra commenced in Ahmedabad, Gujarat, with tight security measures. Devotees gathered along the 18-kilometer route to participate in the grand event. Advanced security technology was employed, and symbolic rituals marked the beginning of the annual yatra. The procession included grand chariots, elephants, adorned trucks, and singing troupes. Over 26,000 personnel were deployed to ensure a smooth and secure yatra. The event holds immense religious and cultural significance, attracting devotees from far and wide. Read the complete article here
Intel and Germany Agree to Invest $32.8 Billion in a Chip Plant
On June 19th, Intel and the German government entered into an agreement where Intel, a U.S. company, will invest over €30 billion ($32.8 billion) in a chip manufacturing facility located in Magdeburg, Germany. The German government will provide financial support for this project. If all the investment plans currently under consideration, including this agreement, come to fruition, Germany will emerge as one of the prominent global semiconductor production hubs.
Intel is a major player in the technology industry, and its products are used in a variety of devices. The company is committed to innovation, and it is constantly developing new technologies to meet the needs of its customers. Read the complete article here
IPS Officer Ravi Sinha Selected as New Chief of RAW
Ravi Sinha, a senior IPS officer, has been chosen as the new chief of India’s external intelligence agency, RAW. He will succeed Samant Kumar Goel, whose four-year term ends on June 30. Sinha’s appointment as Secretary of RAW has been approved for a two-year tenure. Goel is recognized for his expertise in Jammu and Kashmir and played a crucial role in planning the Balakot surgical strike. Read the complete article here
SEBI Bans 6 Entities from the Securities Markets for Violating Insider Trading Norms
On June 19th, the Securities and Exchange Board of India (SEBI) took action against 6 entities for violating insider trading regulations related to Shilpi Cable Technologies. SEBI has barred these entities from participating in the securities markets for a duration of one year. Additionally, penalties totaling ₹70 lahks have been imposed on them.
Furthermore, the regulator has instructed the entities involved to surrender the illicit gains amounting to ₹27.59 crores, along with an interest rate of 9% per annum, starting from May 2017 until the actual date of payment. Read the complete article here
Government Launches “Dakshta” Collection of Courses on iGOT Karmayogi Platform
The Personnel Ministry has launched the “Dakshta” course collection on the iGOT Karmayogi Platform to develop the skills of government officials. Led by Karmayogi Bharat, this initiative aims to build a smart and future-ready public workforce. The collection offers 18 courses covering various topics, and esteemed institutions provide the training. Currently, 40 participants from NITI Aayog are undergoing training. This program reflects the government’s commitment to fostering a skilled workforce for national development. Read the complete article here
Karnataka Government Recently Launched Gruha Jyothi Scheme
The Gruha Jyothi Scheme is a government of Karnataka scheme that provides free electricity of up to 200 units per month to eligible households. The scheme was launched in June 2023 by the Chief Minister of Karnataka, Siddaramaiah.
Households that meet the eligibility criteria can apply for the Gruha Jyothi Scheme online or offline. The online application process can be found on the website of the Karnataka Electricity Board. The offline application process can be found at the nearest electricity office. Once an application is submitted, it will be reviewed by the electricity board. If the application is approved, the household will be provided with a free electricity connection for up to 200 units per month. Read the complete article here