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Daily GK Current Affairs viable of 17th and 18th June 2021

Daily GK(Current Affairs 18 June 2021) Current Affairs News viable of 17th and 18th June 2021.Here is the Regular current affairs viable of 17th and 18th June 2021. covering the following news headlines: VivaTech, BRICS Network Universities, Deep Ocean Mission, Policybazaar, SIPRI Yearbook 2021, Project O2 for India, Sustainable Gastronomy Day.

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 17th and 18th June 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt current affairs quiz.

Current Affairs 18 June 2021

Here current affairs have been categorized which is as follows:

  • National News
  • State News
  • Banking news
  • Business News
  • Important Days
  • Defence News
  • Miscellaneous News

National News

  1. Cabinet approves Deep Ocean Mission of Ministry of Earth Sciences
  • The Union Cabinet chaired by Prime Minister Narendra Modi has approved the implementation of “Deep Ocean Mission”.
  • This mission is proposed by the Ministry of Earth Sciences (MoES), to explore the deep ocean for resources and develop deep-sea technologies for sustainable use of ocean resources.
  • The 5-year mission will be implemented at an estimated cost of Rs. 4077 crore in a phased manner.
  • The first phase will be carried during 2021-2024, at an estimated cost of Rs. 2823.4 crore.
  • The objective of the Deep Ocean Mission is to support the Blue Economy Initiatives of the Government of India.
  • The Ministry of Earth Sciences (MoES) will be the nodal ministry to implement this ambitious multi-institutional mission.

Important takeaways for all competitive exams:

  • Union Minister of Earth Sciences: Dr Harsh Vardhan.
  1. UK and Australia agreed on historic free trade agreement
  • A new free trade agreement with the United Kingdom will deliver more Australian jobs and business opportunities for exporters, bringing both countries closer together in a changing strategic environment.
  • Prime Minister Scott Morrison and Boris Johnson have agreed on the broad framework of the Australia-UK Free Trade Agreement (FTA).
  • The FTA is the right deal for Australia and the United Kingdom, with greater access to a range of high-quality products made in both countries as well as greater access for businesses and workers, all of which will drive economic growth and job creation in both countries.
  • Australian producers and farmers will receive a significant boost by getting greater access to the UK market.

Important takeaways for all competitive exams:

  • UK Capital: London;
  • UK Prime minister: Boris Johnson;
  • UK Currency: Pound sterling;
  • Australia Capital: Canberra;
  • Australia Currency: Australian dollar;
  • Australia Prime minister: Scott Morrison.

State News

  1. Telangana AI Mission launched ‘Revv Up”
  • The Telangana government has launched the NASSCOM-run Telangana AI Mission (T-AIM) and as part of T-AIM, an accelerator program called “Rave Up” to enable and empower AI startups.
  • The program, which launched its first cluster in July, is another step towards making Telangana and Hyderabad a global destination for AI and other emerging technologies.
  • The accelerator programme, exclusively designed for growth-stage AI startups, will cover various sectors.
  • Telangana Industries and IT principal secretary Jayesh Ranjan stated, “Telangana is committed to its vision of positioning the State as the leader in AI.
  • After becoming the first state in India to launch an actionable policy framework for Artificial Intelligence in June 2020, the first version of the Rev Up Accelerator program has been rolled out to improve innovative AI ideas under T-AIM.

Important takeaways for all competitive exams:

  • Telangana Capital: Hyderabad;
  • Telangana Governor: Tamilisai Soundararajan;
  • Telangana Chief minister: K. Chandrashekar Rao.
  1. MP Govt launches ‘Yuva Shakti Corona Mukti Abhiyan’
  • The Government of Madhya Pradesh has launched ‘Yuva Shakti Corona Mukti Abhiyan’ to make the people of the state aware of the ongoing COVID-19 pandemic. It translates to free from Corona with the help of the youth power campaign.
  • Students in colleges in small groups will be given information and details about the significance of COVID-friendly behaviour and vaccination.
  • On the instructions of Chief Minister Shivraj Singh Chouhan, the campaign has been launched by the higher education and the technical education department of the state in collaboration with the public healthcare and family welfare department.

Important takeaways for all competitive exams:

  • Chief Minister of Madhya Pradesh: Shivraj Singh Chouhan; Governor: Anandiben Patel.

Banking news

  1.  ICICI Bank launches ‘ICICI STACK for Corporates’
  • ICICI Bank has announced the launch of ICICI Stack for Corporates, a comprehensive set of digital banking solutions for corporates and their entire ecosystem including promoters, group companies, employees, dealers, vendors and all other stakeholders.
  • The wide range of 360-degree solutions enables corporates to seamlessly meet all banking requirements of their ecosystem in an expeditious and frictionless manner.

The four main pillars of the ‘ICICI STACK for Corporates’ are:

  • Digital banking solutions for companies;
  • Digital banking services for channel partners, dealers and vendors;
  • Digital banking services for employees;
  • Curated services for promoters, directors and signatories.

Important takeaways for all competitive exams:

  • ICICI Bank Headquarters: Mumbai, Maharashtra.
  • ICICI Bank MD & CEO: Sandeep Bakhshi.
  • ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

Business News

  1. Policybazaar gets insurance broking licence
  • Policy bazaar has received approval from regulator IRDAI to start insurance broking, a development that will help the company grow business and expand its bouquet of services.
  • With this development, the company will hand over its web aggregator license to the Insurance Regulatory and Development Authority of India (IRDAI) and do business including insurance aggregation under the broking umbrella.
  • The broking licence will allow the company to venture into segments which it could not do in the past like claims assistance, offline services, and establish Points of Presence network. Policy bazaar has a market share of 25 per cent in the life insurance segment while 10 per cent in health insurance.

Important takeaways for all competitive exams:

  • Policy bazaar CEO: Yashish Dahiya;
  • Policy bazaar Founded: June 2008;
  • Policy bazaar HQ: Gurugram, Haryana.

Important Days

  1. World Day to Combat Desertification and Drought: 17 June
  • World Day to Combat Desertification and Drought is observed every year on 17 June. The day is observed to raise awareness about the presence of desertification and drought and to shed light on ways to prevent desertification and recover from drought.
  • “Restoration. Land. Recovery. We build back better with healthy land” is the theme for 2021 World Day to Combat Desertification and Drought.
  • In 1994, the United Nations General Assembly declared June 17 the “World Day to Combat Desertification and Drought” to market public awareness of the difficulty.
  • The World Day to Combat Desertification may be a unique occasion to remind everybody that desertification is often effectively tackled, that solutions are possible, which key tools to the present aim lay in strengthened community participation and co-operation in the least levels.
  1. Sustainable Gastronomy Day: 18 June
  • Sustainable Gastronomy Day is observed globally on 18 June to bring the attention of the world to the role that sustainable gastronomy plays in our lives. The day was designated by the United Nations General Assembly on 21 December 2016.
  • Gastronomy means the practice or art of choosing, cooking, and eating good food. In other words, Sustainable gastronomy takes into account where the ingredients are from, how the food is grown and how it gets to our markets and eventually to our plates.
  • The day reaffirms that all cultures and civilizations are contributors and crucial enablers of sustainable development.
  1. Autistic Pride Day: 18 June
  • Every year, Autistic Pride Day is observed on June 18 globally to create awareness about autism among people and recognise the importance of pride for autistic people and its role in bringing about positive changes in the broader society.
  • The day is represented by a rainbow infinity symbol which denotes the infinite possibilities that autistic people have. Autistic Pride Day was first celebrated in Brazil in 2005, at the initiative of an organisation named Aspies for Freedom.

Defence News

  1. Defence Minister Approves Budgetary Support of Rs 499 cr for innovations
  • Defense Minister Rajnath Singh has approved budgetary support of Rs 498.8 crore for iDEX-DIO (Innovation for Defense Excellence – Defense Innovation Organisation) for the next five years.
  • The funds will be used to provide financial assistance to around 300 start-ups, micro, small and medium enterprises (MSMEs) and individual innovators with the larger goal of ensuring self-reliance in the defense sector.
  • The scheme is in sync with the government’s push to cut imports of military hardware and weapons and make India a hub for defence manufacturing.
  • Facilitate rapid development of new, indigenized, and innovative technologies for the Indian defence and aerospace sector in shorter timelines.
  • Create a culture of engagement with innovative startups, to encourage co-creation for defence and aerospace sectors.
  • Empower a culture of technology co-creation and co-innovation within the defence and aerospace sectors.

Sports News

  1. Sports brand Puma India extends partnership with Yuvraj Singh
  • Global sports brand Puma India has partnered with former Indian cricketer Yuvraj Singh, who has been associated with the brand for over a decade.
  • Moving from cricket to the fast lane, Yuvraj will now be seen in a new avatar as the face of Puma Motorsport in India, showcasing his passion for fast cars and sports-inspired fashion.
  • With this, the crown prince joins the brand’s global league of stalwarts like Thierry Henry, Boris Baker and Usain Bolt.
  • Globally, Puma is associated with Scuderia Ferrari, Mercedes-AMG Petronas Formula One Team, Aston Martin Red Bull Racing, BMW M Motorsport and Porsche Motorsport.
  • With India being one of the biggest markets for Puma motorsport, the brand looks to capitalise on the growing demand for streetstyle products inspired by performance gear.

Miscellaneous News

  1. SIPRI Yearbook 2021: China, India, Pakistan expanding nuclear arsenal
  • Stockholm International Peace Research Institute (SIPRI) has released the SIPRI Yearbook 2021. The report assesses the current state of arms, disarmament and international security.
  • China is in the midst of significant modernization and expansion of its nuclear weapons list, and India and Pakistan are also expanding their nuclear arsenals.
  • According to the yearbook, India possessed an estimated 156 nuclear warheads at the start of 2021 compared to 150 at the start of last year, while Pakistan had 165 warheads, up from 160 in 2020.
  • China’s nuclear arsenal consisted of 350 warheads up from 320 at the start of 2020.
  • The nine nuclear-armed states – the U.S., Russia, the U.K., France, China, India, Pakistan, Israel and North Korea – together possessed an estimated 13,080 nuclear weapons at the start of 2021.
  • Russia and the U.S. together possessed over 90% of global nuclear weapons and have extensive and expensive modernisation programmes underway.

Important takeaways for all competitive exams: 

  • Sipri Headquarters: Oslo, Norway.
  • Sipri Founded: 6 May 1966.
  • Sipri Director: Dan Smith.

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Current Affairs 18 June 2021

Current Affairs 18 June 2021

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