16th June 2023 Current Affairs

THEORY OF ABROGATI ON.
COM
CURRENT AFFAIRS
16TH JUNE 2023
JUDICIAL ACADEMY
Amit Shah has unveiled schemes worth Rs 8,000 crore to strengthen which sector?
To explore catastrophe risk reduction and bolster the nation's disaster preparedness, Union Home
Minister Amit Shah presided over a meeting with ministers of disaster management from the states
and union territories.
At the conference, Shah unveiled three significant programmes totaling more than 8,000 crores to
support disaster management efforts across the country
The first programme, around 5,000 crore, intends to improve and modernise state fire services.
The second initiative, with a budget of 2,500 crore, focuses on lowering the danger of urban floods in
seven of India's most populated metros.
The project aims to strengthen firefighting capacities, replace equipment, and improve infrastructure
to better respond to fire crises.
Which bank has launched a digital platform for hasslefree account opening
platform that eliminates the hassle of paper-based documentation?
SIB SWIFTe, a cutting-edge and customer-focused digital account opening platform from South
Indian Bank, does away with the bother of paper-based documentation.
The platform puts the needs of the consumer first and revolutionises the account opening
process, allowing the bank to quickly onboard customers in under five minutes.
With the use of this feature, consumers may interact with bankers whenever it's convenient in the
comforts of their own homes.
Clear explanations and visual cues are provided by SIB SWIFTe, a user-friendly and intuitive
interface, to lead both clients and bank staff through each stage.
Which payments bank has entered into a tie-up with Sequoia Capital-backed
fintech Hubble to introduce India’s first spending account?
Fino Payments Bank has entered into a tie-up with Sequoia Capital-backed fintech Hubble to
introduce India’s first spending account.
The bank customers can park their funds, spend (on categories such as food ordering, shopping,
travel, entertainment, etc.) and save up to 10 percent on all purchases made from the account.
Further, users can track spends across categories of over 50 brands that Hubble has partnered
with and save up to ₹20,000 a year.
The spending account is integrated with the bank’s digital savings account operated through its
mobile app FinoPay. Users earn an interest rate of 2.75 percent per annum on the funds parked in
the account.
Which of the following has introduced a regulatory framework for online investment
platforms that facilitate investments in commission-free mutual fund (MF) schemes?
A legal framework for online investing platforms that enable investments in commission-free
mutual fund (MF) schemes has been created by the Securities and Exchange Board of India (SEBI).
The rule clarifies the responsibilities of such platforms while providing a means for them to
monetize their operations. It also establishes a grievance redressal process and resolves investor
concerns about related risks.
In accordance with the framework, platforms offering MF investment services in direct

(commission-free) plans must apply for a "execution only platform" (EOP) licence within three
months of the regulation's entry into force, which occurs in September 2023, with either Sebi or
the Association of Mutual Funds in India (Amfi).
Reserve Bank of India (RBI) has opened its regional office in which of the following place?
RBI Deputy Governor Michael Debabrata Patra inaugurated the office. The Reserve Bank of India
(RBI) has built a sub-office in Kohima, Nagaland, increasing its presence in the northeastern area.
With this step, RBI now has a presence in Assam, Manipur, Meghalaya, Mizoram, Tripura, and
Nagaland.
RBI hopes to increase its presence in the area and better meet the demands of the local
population in terms of finance.
Further underlining its dedication to strengthening its activities in the North East, the central
bank has also declared its plan to open an office in Itanagar.
Which of the following has launched mission EVOLVE in association with NITI Aayog
to finance MSMEs in the EV space?
SIDBI has launched mission EVOLVE (Electric Vehicle Operations and Lending for Vibrant
Ecosystem) in association with NITI Aayog, World Bank, Korean-World Bank and Korean Economic
Development Cooperation Fund (EDCF) to finance MSMEs in the EV space.
Under the initiative, SIDBI will give MSMEs access to affordable commercial financing for EV
loans including hosting of telematics that could help reduce financing costs and provide data for
other financial services.
The programme comes in the backdrop of SIDBI’s aim to support India’s target for 30 percent EV
penetration by 2030 or EV30@30.
SIDBI announced a pilot scheme Mission 50,000-EV4ECO in April this year under guidance from
NITI Aayog to fund MSMEs finding it difficult to access loans to purchase EVs such as two-
wheelers, three-wheelers and four-wheelers for their day-to-day operations and commercial use.
The fourth Survey Vessel Large (SVL) of the Indian Navy named ‘Sanshodhak’ was
launched at Kattupalli, Chennai. It is built by which company?
At Kattupalli, Chennai, the fourth Survey Vessel Large (SVL) of the Indian Navy, known as
"Sanshodhak," was launched.
The ship's name, Sanshodhak, which translates to "Researcher," denotes that it is mostly used as
a survey vessel.
As part of the government's objective of "Make in India" and Aatma Nirbhar Bharat, the launch of
the fourth SVL strengthens our commitment to indigenous shipbuilding.
The project, which L&T/GRSE is constructing for the Indian Navy, was introduced in Kattupalli,
Chennai.
Adhir Arora, the Government of India's Chief Hydrographer, attended the launch event as the
special guest of honour.
Which state government has announced a monthly pension of 10,000 rupees for
the Padma Shri, Padma Bhushan and Padma Vibhushan awardees of the State?
Manohar Lal, the chief minister of Haryana, has proposed a 10,000 rupee monthly
annuity for those who have received the state's Padma Shri, Padma Bhushan, and
Padma Vibhushan awards.
Additionally, the chief minister provided free transportation for them on Volvo buses
operated by Haryana Roadways.
Who has been appointed as the Marketing Director of GAIL Limited?
The Appointments Committee of the Cabinet (ACC) has approved the appointment of
Sanjay Kumar for the post of Director (Marketing) of GAIL (India) Limited.
Kumar has been appointed to the post with effect from the date of taking over charge
of the post till the date of his superannuation i.e. June 30, 2027, or until further
orders, whichever is earlier.
Presently, he is the Managing Director of Indraprastha Gas Limited (IGL), the largest
CNG distribution company of India.
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THEORY OF ABROGATI ON.

In accordance with the framework, platforms offering MF investment services in direct

1. COMPLETE GUIDANCE FOR JUDICIAL SERVICES

2. DAILY LIVE SESSIONS, RECORDED LECTURES AND NOTES.

3. TOPIC WISE TEST BASED ON JUDICIAL SERVICES' PRE AND

4. 15 DAYS LEGAL UPDATES

5. INCLUDING JUDGEMENT WRITING

TO START YOUR PREPARATION FOR JUDICIAL SERVICES

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