Daily GK Current Affairs viable of 2nd June 2021

Daily GK Current Affairs june 2021 News viable of 2nd June 2021. – Here is the Regular current affairs viable of 2nd June 2021. covering the following news headlines: NATO Organise Multilateral Military Exercises, Covid-19 Variants First Identified in India as ‘Kappa’ and ‘Delta’, Moody’s Projects Indian Economy to grow 9.3% in FY22, SBI Economists Sharply Revises GDP Growth Estimate in FY22 to 7.9%

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 GK update of 2nd June 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt current affairs quiz.

Here current affairs have been categorized which is as follows:

• International News
• National News
• Banking & Economy News
• Business News

International News

1. NATO Organise Multilateral Military Exercises ‘Steadfast Defender 2021’

• The North Atlantic Treaty Organization (NATO) has conducted a three-part series of multilateral military exercises, called Steadfast Defender 2021, to test NATO readiness and military dynamism.
• The exercise will be taking place in the Atlantic and Europe, and into the Black Sea region. 

Aim of the exercise

• Ensure that NATO troops are well-trained, and are able to operate together and ready to respond to any threat from any direction.
• Demonstrate the value of North America and Europe working together to keep their nations safe in a more challenging security environment.
• Enhance interoperability and military capabilities on air, land, and sea among NATO members.

National News

2. WHO Names Two Covid-19 Variants First Identified in India as ‘Kappa’ and ‘Delta’

• The United Nations health agency, the World Health Organization (WHO), has given easy-to-say labels to the two types of COVID-19 detected for the first time in India.
• The two variants are B.1.617.1 and B.1.617.2.
• The B.1.617.1 variant of the Covid-19 has been named as ‘Kappa’ while the B1.617.2 variant is named as ‘Delta.’
• The naming of these variants do not aim at replacing the existing scientific names of these #SARSCoV2 Variants of Concern (VOCs) & Interest (VOIs), but is aimed at helping the public discussion about VOI/VOC.

3. IFFCO introduces world’s first ‘Nano Urea’ for farmers globally

• Leading Co-operative Society, IFFCO has launched the world’s first “Nano Urea” for farmers across the globe.
• Indigenously developed “Nano Urea” will be in liquid form.
• The production of the urea will begin from June 2021.
• The price of nano urea has been fixed at Rs 240 per 500 ml bottle. This is 10 per cent cheaper than the cost of a bag of conventional urea.
• Farmers can get the Nano Urea from IFFCO”s e-commerce platform www.iffcobazar.in or through its cooperative sales and marketing channel 

4. WHO Honours Dr Harsh Vardhan with Special Recognition Award for his Tobacco Control Efforts

• The Union Minister of Health and Family Welfare, Government of India, Dr. Harsh Vardhan has been conferred with the ‘WHO Director General Special Recognition Award’ for his achievements in the field of tobacco control.
• Dr. Vardhan was awarded on May 31, 2021, on the occasion of World No Tobacco Day.
• His leadership was instrumental in the 2019 national legislation to ban E-cigarettes and heated tobacco products.
• The WHO Director-General Special Recognition Award is presented every year by WHO to recognise individuals or organisations in each of the six WHO Regions for their accomplishments in the area of tobacco control.

Business News

5. RDSO Becomes First Standards Body to Join ‘One Nation, One Standard’ Scheme

• Lucknow-based Research Designs and Standards Organization (RDSO), which sets standards for the Indian Railways sector, has become the first standards body in the country to join the central government’s ‘One Nation, One Standard’ scheme.
• RDSO, the sole research and development arm of the Ministry of Railways, has now been recognized as a ‘Standards Developing Organization’ by the Bureau of Indian Standards (BIS) for a time frame of three years.
• BIS is the implementing agency for the ‘One Nation, One Standard’ scheme.
• RDSO and BIS will be now jointly defining the parameters to ensure quality goods and services for the Railways.
• The ‘One Nation, One Standard’ scheme was launched in 2019 with the objective to develop one template of standard for one given product in the country, instead of having multiple agencies set it, thereby building a ‘Brand India’ identity in the long run.

6. Online Medical Platform ‘PharmEasy’ acquires rival ‘Medlife’ to become India’s Largest e-pharma Company

• PharmEasy, an online medical platform, has acquired its rival Medlife to create India’s largest online pharmacy.
• Medlife has ceased operations from May 25, 2021 following the merger with PharmEasy.
• With this acquisition, Medlife users will automatically become PharmEasy users. 
• PharmEasy’s parent API Holdings has acquired 100 percent equity shares of Medlife in exchange for a 19.59 percent equity share capital, estimated at $250 million.
• With this total combined entity set, PharmEasy will serve around 2 million customers a month.

Banking & Economy News

7. Moody’s Projects Indian Economy to grow 9.3% in FY22

• Moody’s Investors Service has projected the GDP growth rate of Indian economy as follows

• 2021-22 (FY22) – 9.3%
• 2022-23 (FY23) – 7.9%

• In terms of Sovereign ratings, Moody’s has estimated a ‘Baa3’ rating on India with a negative outlook.

8. SBI Economists Sharply Revises GDP Growth Estimate in FY22 to 7.9%

• SBI economists in their research report – Ecowrap, have cut their GDP growth projections for the Indian economy in FY22 to 7.9 per cent from the earlier estimate of 10.4 per cent.
• This is the lowest growth rate estimate for India among all analysts.
• The key factor for revision in the growth estimate is the impact of the second wave of COVID-19 infections.
• SBI economists forecast a “W-shaped” recovery in FY12 with two troughs instead of the previously anticipated “V-shaped” recovery.

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