Daily GK Current Affairs viable of 3rd and 4th June 2021

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Daily GK Update 2021 Current Affairs News viable of 3rd and 4th June 2021. – Here is the Regular current affairs viable of 3rd and 4th June 2021. covering the following news headlines: Microsoft, H10N3 bird flu, International Dairy Federation, RBI Monetary Policy, Sandhayak, Asian Development Bank, FIH world rankings, Wipro, Bharti AXA Life.

Daily Current Affairs update are incorporated with the important news that made the current affairs headlines for competitive exams. Daily Current Affairs Update is the complete box of the important news that held all day long. One should have complete knowledge about banking terms, current affairs news, etc.

So, here is the Daily GK update 2021 of 3rd and 4th June 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt current affairs quiz.

Table of Contents

Here current affairs have been categorized which is as follows:

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International News
National News
State News
Economy News
Banking News
Defence News
Sports News
Important Days
Obituaries News
Miscellaneous News

International News

Isaac Herzog Elected as President of Israel

Veteran Israeli politician, Isaac Herzog, has been elected as the country’s President on June 01, 2021, during the 120-member parliamentary election for 2021.
The 60-year-old Herzog will be the 11th President of Israel, assuming office with effect from July 09, 2021. He will succeed Reuven Rivlin, who is set to complete his tenure in July 2021 after seven years in office.

Important takeaways for all competitive exams:

Israel Capital: Jerusalem.
Israel Currency: Israeli Shekel.
Prime Minister of Israel: Benjamin Netanyahu.

China reports first human case of H10N3 bird flu

A 41-year-old man in China’s eastern province of Jiangsu has been confirmed by China’s National Health Commission (NHC) as the first human case of infection with the H10N3 strain of bird flu.
The man, a resident of Zhenjiang city, was admitted to the hospital on April 28 after developing fever and other symptoms. He was diagnosed as having H10N3 avian influenza virus.
H10N3 is a low pathogenic, or relatively less severe, the strain of the virus in poultry and the risk of it spreading on a large scale was very low.
Many different strains of avian influenza are present in China and some sporadically infect people, usually those working with poultry.
There have been no significant numbers of human infections with bird flu since the H7N9 strain killed about 300 people during 2016–2017.

Important takeaways for all competitive exams:

China President: Xi Jinping.
China Capital: Beijing.
China Currency: Renminbi.

China developed a combined air defence system along LAC

China has created a combined air defence system along the Line of Actual Control (LAC). The combined air defence system has been developed with the elements of the air force and army of western theatre command.
For the first time, an integrated army air defence system has been developed by china along the western borders.
The combined air defence system has been developed for putting all assets of the army and air force under central control. Since 2017, China has increased the number of airbases and heliports near the LAC.

National News

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Union Cabinet approves MoC between India-Japan on urban development

The Union Cabinet has approved a Memorandum of Cooperation between India and Japan in the field of sustainable urban development.
A Memorandum of Cooperation (MoC) on Sustainable Urban Development has been signed between the Ministry of Housing & Urban Affairs, Government of India and the Ministry of Land, Infrastructure, Transport and Tourism, Government of Japan.
A Joint Working Group (JWG) will also be set up to implement programs on cooperation under the Memorandum of Cooperation (MOC). The JWG will meet once in a year.
The MoC will strengthen the technical cooperation in the field of Urban Planning, Smart Cities Development, Affordable Housing (including rental housing), Urban Flood Management, Sewerage and Waste Water Management, etc.
The best practices and key learnings will be exchanged between India and Japan in the field of Sustainable Urban Development.

Important takeaways for all competitive exams:

Japan Currency: Japanese yen;
Japan Capital: Tokyo.

State News

Narendra Singh Tomar inaugurates Indus Best Mega Food Park in Chhattisgarh

Union Minister for Food Processing Industries Narendra Singh Tomar virtually inaugurated the Indus Best Megafood Park in the presence of Chhattisgarh Chief Minister Bhupesh Baghel and Union Minister of State for Food Processing Industries Rameshwar Teli.
The Mega Food Park will ensure value addition, a longer shelf life for farm produce, better price realization for farmers, excellent storage facility and will provide an alternate market for farmers in the region.
The Park will also provide direct and indirect employment to about 5,000 persons and benefit about 25,000 farmers in the CPC and PPC catchment areas.
The modern infrastructure for food processing created at Park will benefit the processors and consumers of Chhattisgarh and adjoining areas immensely and prove to be a big boost to the growth of the food processing sector in the State of Chhattisgarh.

Important takeaways for all competitive exams:

Chief Minister of Chhattisgarh: Bhupesh Baghel;
Governor: Anusuiya Uikey.

Economy News

RBI Governor Addressed On RBI Monetary Policy 2021

The six-member Monetary Policy Committee of the Reserve Bank of India (RBI) headed by Governor Shaktikanta Das has decided to keep key lending rates unchanged for the sixth time in a row in its June 2021 policy review meeting held from June 2 to 4. 2021.
RBI’s Monetary Policy Committee (MPC) has decided to continue with a lenient stance till necessary to mitigate the impact of COVID-19. The next meeting of the MPC is scheduled from August 4 to August 6, 2021.

The Marginal Standing Facility (MSF) rate and bank rates remain unchanged:

Policy Repo Rate: 4.00%
Reverse Repo Rate: 3.35%
Bank Rate: 4.25%
Marginal Standing Facility Rate: 4.25%
SLR: 18.00%
CRR: 4%

RBI Monetary Policy Highlights & Key Decisions:

The RBI also downgraded the GDP growth forecast for FY22 to 9.5 per cent compared with 10.5 per cent earlier.
On the other hand, growth is a bigger concern. The Gross Domestic Product (GDP) contracted 7.3 per cent in FY21.
Recently, SBI economists had sharply cut their FY22 GDP growth estimates to 7.9 per cent from what was 10.4 per cent earlier.
The Reserve Bank of India Governor Shaktikanta Das announced a projection for Consumer Price Index (CPI) inflation at 5.1 per cent for FY 2021-22.
G-SAP 2.0 worth ₹1.2 lakh crore will be taken in the second quarter of FY22 to support the market.
The rupee snapped its three-day losing streak and closed 18 paise higher at 72.91 against the US dollar.

Banking News

ICICI Lombard companions with Microsoft to automate audits of service calls

The country’s largest private sector general insurer, ICICI Lombard has tied up with Microsoft to strengthen and automate quality control processes.
The insurer will use Microsoft’s Azure Speech Services and Natural Language Processing (NLP) to test its daily service calls made by the customer service representative.
The deployment of Azure’s synthetic instruments has, amongst different issues, allowed ICICI Lombard to enhance the accuracy of its high-quality audits.
In response to Girish Nayak, ICICI Lombard’s chief expertise officer, the usage of cognitive intelligence expertise will automate high-quality checks which can in flip make their service extra environment friendly.

Important takeaways for all competitive exams:

ICICI Lombard Headquarters: Mumbai.
ICICI Lombard Founded: 2001.
ICICI Lombard CEO: Bhargav Dasgupta.

Defence News

Navy’s Hydrographic Survey Ship Sandhayak To Be Decommissioned

Indian Navy’s hydrographic survey ship, Sandhyak, will be decommissioned after serving the nation for 40 years.
The decommissioning ceremony of INS Sandhayak will be held at naval dockyard Visakhapatnam and will be a low-key event attended only by in-station officers and sailors with strict observance of COVID-19 protocols.
The ship, during its commissioned service, undertook approximately 200 major hydrographic surveys and numerous minor surveys in both east and west coasts of the country, the Andaman seas as well as in the neighbouring countries.

Sports News

FIH world rankings: Indian men’s team maintain 4th position

In hockey, the Indian men’s team maintained its fourth position while the women’s team ranked ninth in the latest International Hockey Federation world rankings.
Despite missing the European leg of the FIH Hockey Pro- League series in Great Britain, Spain and Germany in April and May, the Indian men’s team maintained its fourth spot.

Important Days

World Bicycle Day celebrated on 3rd June

The United Nations observes World Bicycle Day on 3 June every year to advance the use of bicycles as a means of promoting sustainable development.
The main objectives of this day are to strengthen education for children and youth, prevent disease, promote health, promote tolerance, promote mutual understanding and respect, and promote a culture of social inclusion and peace.
The day was declared by the United Nations General Assembly in April 2018. World Bicycle Day is being observed every year to encourage member nations to give particular attention to the bicycle in cross-cutting development strategies and to improve road safety and integrate it into sustainable mobility and transport infrastructure planning and design. It also aims to promote the bicycle among all members of society.

International Day of Innocent Children Victims of Aggression: 04 June

International Day of Innocent Children Victims of Attack is observed globally on 4 June every year.
This day affirms the UN’s commitment to guard the rights of children. This day is to acknowledge the pain suffered by children throughout the planet who are the victims of physical, mental and emotional abuse.
The main aim of celebrating today is to spread the notice about the pain and sufferings faced by the victims as children.
On August 19, 1982, during an emergency session on the question of Palestine, the UN General Assembly, appalled at the amount of innocent Palestinian and Lebanese child victims of Israel’s acts of aggression, decided to commemorate 4 June of every year because of the International Day of Innocent Children Victims of Aggression.

Obituaries News

Mauritius former prime minister Sir Anerood Jugnauth passes away

Sir Anirudh Jugnauth, former Prime Minister and President of the Republic of Mauritius, passed away.
He is the longest-serving prime minister of the country with a tenure of over 18 years. He was considered the father of the Mauritius economic miracle of the 1980s.
Jugnauth held the post of Prime Minister between 1982 and 1995, then again between 2000 and 2003, and later between 2014 and 2017, before passing the torch to his son, Pravind Jugnauth, who is the current Prime Minister of Mauritius.

Miscellaneous News

Microsoft launches the first ever Asia-Pacific cybersecurity council

The first Asia Pacific Public Sector Cyber Security Executive Council has been launched by Microsoft. It includes policy makers and influential people from Brunei, Indonesia, Korea, Malaysia, the Philippines, Singapore and Thailand.
The main objective of the council is to accelerate public-private partnerships in cyber security and sharing of threat intelligence.
The council will meet virtually on a quarterly basis. As part of the council, government agencies and state leaders will join a forum.
The forum includes Microsoft and its cybersecurity industry advisors. Encounter rates for malware and ransomware attacks are higher than average in the case of APAC. APAC means Asia-Pacic (A-sia PAC-ic).

Important takeaways for all competitive exams: