Daily Current Affairs

30th June 2023

 Daily Current Affairs
30th June 2023

BANKING & FINANCE

RBI cancels Mahalaxmi Cooperative Bank Dharwad’s banking licence & allows it to
operate as NBFC

 The Reserve Bank of India (RBI) has

cancelled the banking license of the
Karnataka-based Mahalaxmi
Cooperative Bank, Dharwad, and allowed
it to function only as a Non-Banking
Financial Company (NBFC).
 The RBI cancelled the banking licence dated
March 23, 1994 granted to the Mahalaxmi
Cooperative Bank Dharwad.
 This will not stop the bank from conducting the business of ‘banking’ and acceptance
of deposits from non-members with immediate effect.
 Further, the bank shall ensure to repay unpaid and unclaimed deposits of non-
members held by it, whenever demanded, even after being notified as a non-banking
Institution.
 Earlier, In April 2023, the RBI cancelled the banking licence of Adoor Co-operative
Urban Bank and allowed it to operate only as NBFC.
What is NBFC?
 A Non-Banking Financial Company (NBFC) is a company registered under the
Companies Act, 1956 engaged in the business of loans and advances, acquisition of
shares/stocks/bonds/debentures/ securities issued by Government or local authority
or other marketable securities
About RBI :
 Founded : 1 April 1935
 Headquarters : Mumbai, Maharashtra, India
 Governor : Shaktikanta Das

RBI imposes a penalty on 7 cooperative banks for violating norms

 The Reserve Bank of India (RBI)
imposed monetary penalties on 7 co-
operative banks for contravention
of/non-adherence with certain norms
issued by the central bank for the co-
operative banks.
 These cooperative banks were
 Textile Traders Co-operative Bank Ltd - ₹4.50 lakhs
 Ujjain Nagarik Sahakari Bank Maryadit - ₹1 lakh
 Panihati Co-operative Bank - ₹2.50 lakh

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

 The Berhampur Co-operative Urban Bank - ₹1 lakh

 Solapur Siddheshwar Sahakari Bank - ₹1.50 lakh
 Uttar Pradesh Co-operative Bank Limited - ₹28 lakhs
 Uttarpara Co-operative Bank - ₹2.50 lakh
 These co-operative banks had violated rules like violation of the Banking Regulation
Act, 1950 and non-compliance with specific directions, relating to interest rates on
deposits, failure to put into use any robust software as a part of effective identification
and reporting of suspicious transactions; and levied penal charges for non-
maintenance of minimum balances in inoperative accounts, during the financial year
2019-20, etc.
 In June, 2023 the RBI had imposed monetary penalties on 4 cooperative banks citing
various rule violations; these were Cooperative Bank of Rajkot, Telangana State
Cooperative Apex Bank Ltd, The Bihar State Cooperative Bank Ltd and Jowai
Cooperative Urban Bank Ltd.

RBI Slaps Rs 30 Lakhs Penalty on Standard Chartered Bank-India for KYC Non-Compliance

 The Reserve Bank of India (RBI) has

imposed a monetary penalty of ₹30.00
lakh on Standard Chartered Bank-
India for non-compliance with certain
provisions of the ‘Reserve Bank of India
(Know Your Customer (KYC))
Directions, 2016’.
 This penalty has been imposed in the
exercise of powers vested in RBI conferred under the provisions of section 47 A (1) (c)
read with section 46 (4) (i) of the Banking Regulation Act, 1949.
 This action is based on deficiencies in regulatory compliance and is not intended to
pronounce upon the validity of any transaction or agreement entered into by the bank
with its customers.
 The Statutory Inspection for Supervisory Evaluation (ISE 2021) of the bank was
conducted by RBI with reference to its financial position as on March 31, 2021.

Kotak Mahindra Bank partners with actyv.ai to provide insurance products to MSMEs

 Kotak Mahindra Bank’s subsidiary, Kotak

Mahindra General Insurance Company has
partnered with actyv.ai to offer bite-sized
insurance products to new-age Micro, Small and
Medium Enterprises (MSME) companies in
India.
 Kotak General Insurance will leverage actyv.ai’s AI-powered platform to provide
insurance solutions to support the business sustainability of small businesses.

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

 Through actyv.ai’s technology stack and Kotak General Insurance’s customized

insurance products, this tie up will offer innovative insurance products to the
enterprise and close to one lakh supply chain partner ecosystem to focus on
driving growth without worrying about business risks.
 actyv.ai founder and global CEO : Raghunath Subramanian
About Kotak General Insurance :
 Established : 2015
 Headquarters : Mumbai, Maharashtra, India
 MD & CEO : Suresh Agarwal

RBI imposed fine on all 4 credit bureaus over rule violations

 The Reserve Bank of India (RBI) has

imposed a monetary penalty on all 4
credit information companies
currently operating in the country for
non-compliance with certain provisions
of the Credit Information
Companies/CICs (Regulation) Act,
2005, read with the CIC Rules, 2006.
List of 4 credit bureaus :
 CRIF High Mark Credit Information
Services Private Limited - ₹25.75 lakh
 Equifax Credit Information Services Private Limited - ₹24.25 lakh
 TransUnion CIBIL Limited - ₹26 lakh
 Experian Credit Information Company of India Private Limited - ₹24.75 lakh.
 “These actions are based on the deficiencies in regulatory compliance and are not
intended to pronounce upon the validity of any transaction or agreement entered into
by the companies,”

NATIONAL NEWS

Prime Minister Shri Narendra Modi to inaugurate 17th Indian Cooperative Congress in
New Delhi:
 Prime Minister Shri
Narendra Modi will
inaugurate the 17th
Indian Cooperative
Congress (ICC) on the 1st
of July 2023 at Pragati
Maidan in New Delhi.
 National Cooperative

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

Union of India (NCUI) is organizing the two days Indian Cooperative Congress with
the theme of Amrit Kaal: Prosperity through Cooperation for a Vibrant India.
 It will be chaired by the Union Home and Cooperation Minister Amit Shah.
 According to the Ministry of Cooperation, the objective of the Indian Cooperative
Congress is to discuss various trends in the cooperative movement, to showcase the
best practices being adopted by the successful cooperatives and to deliberate on
challenges being faced by the cooperative world.
 The Ministry said, an exhibition will also be held displaying various products of Self-
Help Group’s and NCUI Cooperative Education Field Projects under the banner of
NCUI HAAT.
 Approximately five crore members will be connected live during the event.
DoT announces ‘5G & Beyond Hackathon 2023’:
 The Department of
Telecommunications
has been conducting
Hackathons for the
development of 5G
products and
solutions.
 This culminated in the
development of 5G
products/solutions in different technological verticals.
 The DoT invites applications from June 28, 2023, for ‘5G & Beyond Hackathon 2023’,
aimed at shortlisting India-focused cutting-edge ideas that can be converted
into workable 5G & beyond products and solutions.
 A hundred winners of the hackathon will share a total prize pool of Rs one crore, and
the unique opportunity to scale and implement their 5G products/solutions to make
them market ready with the support of mentors from Government, industry,
academia, Telcos/OEMs, etc.
 The participants can develop 5G & beyond solutions from across multiple categories
including Healthcare, Education & Governance, AgriTech & Livestock, Environment,
Public Safety & Disaster Management Enterprise, Smart Cities & Infrastructure, Cyber
Security, Banking, Finance & Insurance, Logistics & Transportation, Multimedia &
Broadcast Satellite, among others.
 The 5G & Beyond Hackathon is open to individuals, students, start-ups, and academic
institutions in India.
 Department of Telecommunications invites applications will be received July 31, 2023.
India plays a key role in shaping ITU 6G Vision Framework
 International Telecommunication Union (ITU) has approved the 6G Vision
Framework.

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

 India, through the

Department of
Telecommunications,
the Ministry of
Communications played
a key role in framing the
Framework.
 Prime Minister Shri
Narendra Modi had
released India’s 6G
Vision “Bharat 6G Vision” document on March 23, 2023 which envisages India to
be a front-line contributor in design, development and deployment of 6G
technology by 2030.
 Bharat 6G Vision is based on principles of Affordability, Sustainability and
Ubiquity.
 It ensures that India takes its rightful place in the world as a leading supplier of
advanced telecom technologies and solutions that are affordable and contribute to the
global good.
 Thereafter, the efforts of the Department of Telecommunications, Ministry of
Communications in prioritising 6G standardisation have successfully resulted in
adoption of Ubiquitous Connectivity, Ubiquitous Intelligence and Sustainability as key
elements of 6G Technology and has also enhanced India’s position in the International
Telecommunication space.
 The 6th Generation or 6G Technology has been named ‘IMT 2030’ by ITU, the
specialised agency for Information and Communication Technologies of United
Nations.
 The recommendation of ITU for 6G Framework, approved on June 22, 2023; will serve
as a foundation document in 6G research and development and will pave way for the
development of 6G Technology worldwide.
 The ITU 6G Framework has been formulated with collaborative efforts of member
countries of the United Nations in which India has played a front-runner role from the
very beginning.
Union Minister Shri Parshottam Rupala Launches “Report Fish Disease” App
 Shri Parshottam Rupala, Minister
of Fisheries, Animal Husbandry and
Dairying, Government of India
launched an android-based
mobile app as “Report Fish
Disease” in the presence of Dr. L.
Murugan, Minister of State for

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

Fisheries, Animal Husbandry and Dairying, Shri J.N. Swain, Secretary, Department of
Fisheries, MoFAH&D, Dr Abhilaksh Likhi, Officer on Special Duty, MoFAH&D and Dr.
Himanshu Pathak, Secretary, DARE & DG, ICAR, New Delhi.
 Contributing to the vision of “Digital India”, the ‘Report Fish Disease’ has been
developed by ICAR-National Bureau of Fish Genetic Resources (NBFGR),
Lucknow and launched under the National Surveillance Programme for Aquatic
Animal Diseases.
 The Department of Fisheries has allocated ₹33.78 crores for a period of three years
for the implementation of the second phase of the NSPAAD under the PMMSY
scheme.
 With the launch of this App, NSPAAD was able to meet national and international
obligations through transparent reporting.
 The app will be a central platform for connecting and will integrate fish farmers, field-
level officers and fish health experts seamlessly.
 The disease problem faced by the farmers which used to go unnoticed or not reported
earlier, will reach the experts and the problem will be addressed in an efficient manner
within a short period of time.

India to add 1 mb/d of refining capacity by 2028: IEA

 India’s refining capacity will
increase from 5.2 million
barrels per day (mb/d) in
2022 to 6.2 mb/d in 2028.
 This is according to the latest
refining capacity numbers by
the International Energy
Agency (IEA).
 It is expected that India will
add one mb/d of refining
capacity in the next five
years.
 India is currently the world’s
fourth largest crude oil refiner.
 According to the Petroleum Planning and Analysis Cell (PPAC), India’s cumulative
crude oil processing was 4.85 mb/d in FY22.
 This increased to 5.02 mb/d in FY23.
 Production from the planned 1.2 mb/d Ratnagiri refinery is not expected to start
production during the IEA’s forecast period (2022-2028).
 The expansion of Panipat refinery to 25 MTPA is likely to be completed by September
2024.
 The expansion of the Gujarat refinery to 18 MTPA is likely to be completed in

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

2023.
 The expansion of Baruni refinery to nine MTPA are likely to be completed in 2023.
 Bharat Petroleum Corporation (BPCL) is ex panding capacity at Bina (Madhya
Pradesh) from 7.8 MTPA to 11 MTPA.
 Hindustan Petroleum Corporation (HPCL) is also expanding its refineries at Bhatinda
and Vizag and the Greenfield refinery at Barmer, which are likely to be completed in
FY24.
 Globally, over 6 mb/d of new crude distillation capacity is likely to be added from 2022
to 2028.
 China is likely to be the single largest contributor to the six mb/d of new capacity.
India and the Middle East are likely to be in 2nd place.
About IEA:
 International Energy Agency was founded in November 1974.
 It is headquartered in Paris, France.
 It has 31 member countries.

STATE NEWS
Uttar Pradesh launched 'Operation Conviction' for cow slaughter & child abuse cases

 The Uttar Pradesh (UP) Police

Department launched 'Operation
Conviction' to combat criminals and
mafias in UP.
 The initiative will expedite the
prosecution of cases registered under
the Protection of Children from
Sexual Offences (POCSO) Act, as
well as those involving cow slaughter,
religious conversion, rape, and murder.
About Operation Conviction :
 Operation Conviction will ensure the immediate arrest of criminals, the collection of
strong evidence against them, quality investigation, and effective representation of
cases in courts so that they are punished in the shortest amount of time.
 Each commissionerate/district will be required to identify 20 cases in each category
under 'Operation Conviction' in addition to cases registered under the POCSO Act.
 To ensure that victims receive prompt justice, charges will be framed within 3 days of
the chargesheet being filed, and the trial will be completed within 30 days.
 A monitoring cell will be established in the office of each police commissioner or
district police chief to monitor the daily progress of the cases.
 This cell will be led by a gazetted officer who will ensure the speedy trial of cases
identified under 'Operation Conviction.'

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

About POCSO Act :

 The Parliament of India passed the 'Protection of Children Against Sexual Offences
Bill (POCSO), 2011' regarding child sexual abuse on 22 May 2012, making it an Act.
 A guideline was passed by the Ministry of Women and Child Development, India.
 This act has been mentioned in Article 21 of the Constitution of India.
About UP :
 Governor : Anandiben Patel
 Chief Minister : Yogi Adityanath
 Capital : Lucknow
 National Park : Dudhwa National Park
 Wildlife Sanctuary : Bakhira Wildlife Sanctuary, Chandraprabha Wildlife Sanctuary,
National Chambal Wildlife Sanctuary

Kharchi Puja commenced in Tripura

 In a vibrant display of
cultural heritage and
religious fervour, the
Historical 'Kharchi
Puja' commenced in
Tripura.
 It is one of the main festivals of Tripura.
 The auspicious event marked the revival of ancient customs and traditions, drawing
enthusiastic devotees from far and wide.
 It lasts for 7 days, and it takes place at old Agartala in the Fourteen Gods temple
known as the ‘Chaturdasha Devata’ temple premises.
About Historical 'Kharchi Puja' :
 Kharchi Puja, also called the Festival of 14 Gods, is observed on the 8th day of the
new moon in July or August every year.
 This year, the auspicious festival will begin on June 26 and will continue till July 2,
2023.
 The meaning of Kharchi can be understood by splitting the word into two Tripuri
words “Khar” or Kharta meaning sin and “Chi” or si meaning cleaning.
 Hence it signifies the cleansing of our sins.
 It occurs during the month of ‘Ashad’ on the ‘Shukla Ashtami’ day.
 The event holds immense historical and cultural importance, showcasing the rich
heritage and traditions of the region
About Tripura :
 Governor : Satyadev Narayan Arya
 Chief Minister : Manik Saha
 Capital : Agartala
 National Park : Bison (Rajbari) National Park, Clouded Leopard National Park

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

 Wildlife Sanctuary : Sepahijala Wildlife Sanctuary, Trishna Wildlife Sanctuary

 Ramsar Site : Rudrasagar Lake

‘1,000-year-old’ Jaina sculptures found fitted to sluice near Hyderabad

 Two 1000-year-old square pillars with

sculptures of Jain Tirthankaras (a saviour
and spiritual teacher of the dharma) and
inscriptions, were found on the outskirts of
Hyderabad in Rangareddy district’s Moinabad
village.
 The information about the pillars was first
shared by P Srinath Reddy, a young
archaeologist and heritage activist, following
which a senior archaeologist E Sivanagireddy inspected the spot.
Key Highlights :
 Two pillars, one of granite and another of black basalt, have sculptures of four Jaina
Tirthankaras - Adinatha, Neminatha, Parsvanatha and Vardhamana Mahavira in
meditation pose.
 The pillars are decorated with Keerthimukhas on the top side and have Telugu-
Kannada script on both slabs.
 The visible part of one inscription is related to a Janina Basadi (monastery) that was a
prominent Jaina centre during the Rashtrakuta and Vemulawada Chalukyan near
to Chilukuru.

BUSINESS NEWS
Exporters with credit limit of up to Rs 50 crores to get 90% insurance cover

 Government will extend

extended cover under ECIB
scheme with enhanced
cover of 90% to accounts
with limits up to Rs. 50
crores.
 Last year, cover under ECIB
scheme was extended by
ECGC Ltd. for the accounts
with export credit working
capital limits up to Rs. 20
crore sanctioned by the banks (excluding Traders and GJD Exporters) with
enhanced cover of 90%.
 Four banks have so far opted for enhanced cover under Export Credit Insurance for

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

banks (ECIB).
 The names of four banks are SBI, Central Bank of India (CBI), Bank of
Maharashtra and Saraswat Bank.
 The benefit of the enhanced cover will be extended to the accounts with limits up to
Rs. 50 crore for above four banks.
 This is expected to benefit around 3,000 exporter-borrower accounts.
 In July 2022, ECGC has introduced new scheme to provide enhanced export credit risk
insurance cover up to 90% for small exporters.
About ECGC:
 ECGC Ltd. was set up in 1957 under the Companies Act.
 It is headquartered in Mumbai, Maharashtra.
 It was set up to promote exports from India through providing export credit insurance
services to exporters and banks.
 It works under the administrative control of the Ministry of Commerce and Industry.

RBI informs GNPA ratio of Scheduled Commercial Banks fallen to 10 year low of 3.9% in
March 2023
 The Reserve Bank of
India has informed
that the Gross Non-
Performing Assets
(GNPA) ratio of
Scheduled
Commercial Banks
has fallen to 10 year
low of 3.9 percent in
March 2023 and net non-performing assets (NNPA) ratio declined to 1 percent.
 RBI released its Financial Stability report.
 As per the report Scheduled commercial banks bolstered their capital base with
Capital to risk-weighted assets ratio at a historical high of 17.1 per cent and common
equity tier1 capital ratio at 13.9 percent in March 2023.
 The report says, Indian economy presents a picture of resilience, supported by strong
macroeconomic fundamentals.
 Sustained growth momentum, moderating inflation, narrowing current account deficit
and rising foreign exchange reserves, ongoing fiscal consolidation, and robust financial
system are setting the economy on a path of sustained growth

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

MOUS AND AGREEMENT

Gujarat government sign an MoU with American chipmaker firm Micron Technology for
semiconductor assembly and test facility in Ahmedabad
 The Gujarat government has signed a Memorandum of
Understanding with
computer storage chip maker Micron for setting up a
USD 2.75 billion
 semiconductor assembly and test facility at Sanand in
Ahmedabad district.
 The MoU was signed in the presence of Electronics &
Information Technology Minister Ashwini Vaishnaw and
Chief Minister Bhupendra Patel
 For the last many decades India is dependent upon import
of semiconductor chips and the demand for them will
increase as the manufacturing sector in the country grows
 The plant at Sanand will entail a total investment of
USD 2.75 billion (around Rs 22,540 crore).
 Micron's plant has been approved under the Union
government's 'Modified Assembly, Testing, Marking
and Packaging (ATMP) Scheme'.
 Under the scheme, Micron will receive 50 per cent fiscal
support for the total project cost from the Indian government and incentives
representing 20 per cent of the total project cost from the Gujarat government.
 Phase 1 of the plant will become operational by the end of 2024.

RANKING AND INDEX

Vienna is the most livable city in the world: Global livability index 2023

 According to the global livability index 2023,

Austria's capital Vienna has been named the
world's "most livable city" for 2023.
 The Global livability index 2023 has been released
by the Economist Intelligence Unit (EIU).
 It has ranked 173 cities around the world on
different factors including health care, education,
stability, infrastructure and the environment.
 In this ranking, Denmark's Copenhagen is in
second place while Australia's Melbourne and
Sydney are in third and fourth positions.
 India’s five cities- Bengaluru, Ahmedabad, Chennai, New Delhi and Mumbai -
are also on the list of most livable cities.

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

 New Delhi and Mumbai secured141st position. Chennai, Ahmedabad and B

Bengaluru are ranked 144th, 147th and 148th, respectively.
 The average index score across 172 cities (eliminating Kyiv in Ukraine) has now
reached 76.2 out of 100.
 It is the highest in the last 15 years.
 UK capital London and Sweden's capital Stockholm have reached 46th and 43rd
positions.
 As per the report, the health care scores have improved the most.
 Canada has the highest number of livable cities in the top 10.
 These cities are Calgary (7th), Vancouver (5th) and Toronto (9th).
 Damascus is the least livable city in the world.
 Kyiv is also in the bottom 10

APPOINTMENTS & RESIGNATIONS

LIC Housing Finance Limited appoints Tribhuwan Adhikari as Chief Operating Officer

 LIC Housing Finance Limited (LIC HFL) has

appointed Tribhuwan Adhikari as Chief
Operating Officer (COO) of the company.
About Tribhuwan Adhikari :
 Tribhuwan Adhikari, joined LIC of India in
September 1989.
 During his career in LIC, spanning more than 3
decades he has worked all over the country and
has been posted in West Bengal, Bihar, Uttar
Pradesh, Uttarakhand, &.Maharashtra.
 He had the privilege of holding independent charge of two Divisions of LICI i.e.,
Dehradun in Uttarakhand and Kanpur in Uttar Pradesh (UP).
 Prior to this assignment, he was posted as Additional Director at Zonal Training
Center, Eastern Zone, Kolkata.
About LIC Housing Finance Limited :
 Founded : 19 June 1989
 Headquarters : Mumbai, Maharashtra, India
 MD & CEO : Viswanatha Gowd

RBI approved the appointment of A P Hota as Federal Bank's Part-Time Chairman

 The Reserve Bank of India (RBI) has given its approval to the Federal Bank for the
appointment of AP Hota as part-time chairman, with effect from June 29, 2023, till
January 14, 2026.
About A P Hota :
 AP Hota has banking experience of over 27 years in Reserve Bank, mostly in
technology and payment systems, from 1982- 2009.

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

 While at Reserve Bank of India, he served as nominee

director to the Board of Vijaya Bank and subsequently
Andhra Bank.
 He was the architect of NPCI and served as its Managing
Director and Chief Executive Officer between 2009- 2017.
 He was appointed as Independent Director of Federal
Bank Limited with effect from January 15, 2018.
 In June 2023, , Federal Bank elevated its wholesale banking head Harsh Dugar as
executive director for 3 years.
About Federal Bank :
 Headquarters : Aluva, Kochi, Kerala, India
 MD & CEO :Shyam Srinivasan
 Tagline : your perfect banking partner.

IPS officer Ajay Bhatnagar Appointed As Special Director Of CBI

 Senior Indian Police Service (IPS) officer Ajay Bhatnagar

has been appointed as Special Director in the Central
Bureau of Investigation (CBI).
 He has been appointed to the post till the date of his
superannuation on November 20, 2024.
About Ajay Bhatnagar :
 Ajay Bhatnagar, a senior IPS officer of the 1989 batch from the
Jharkhand cadre.
 Currently, he is Additional Director in CBI.
Other Appointments :
 Anurag, Joint Director in the CBI, will now be Additional
Director in the agency.
 Manoj Sashidhar, a 1994 batch IPS officer of Gujarat cadre,
has also been appointed to the post of Additional Director
in the CBI for a period of three years.
 He is currently serving as Joint Director in CBI.
 Sharad Agarwal, serving as Joint Director in the CBI, has
received an extension in his deputation tenure.
 Agarwal's tenure will now continue from June 1, 2023, until May 31, 2024, totalling 8
years.
About CBI :
 Headquarters : New Delhi, Delhi, India
 Director General : Praveen Sood
 The CBI is the domestic crime investigating agency of India.
 It operates under the jurisdiction of the Ministry of Personnel, Public Grievances
and Pensions.

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

DEFENCE NEWS
Indian Navy Launched Powerful Anti-Submarine Warfare Vessel - INS Anjadip

 Indian Naval Ship (INS) Anjadip, the 3rd of

the eight Anti-Submarine Warfare Shallow
Water Craft (SWC) Project, was launched at
the Larsen and Toubro (L&T) Kattupalli
Port, Chennai, Tamil Nadu (TN).
 It was built by Kolkata-based Garden Reach
Shipbuilders and Engineers (GRSE) for the
Indian Navy.
 It is an anti-submarine warfare shallow
watercraft vessel built for the Indian Navy.
 The Launch Ceremony was presided over by
Vice Admiral R B Pandit, C-in-C (SFC).
 In keeping with the naval maritime tradition,
Smt Priya Pandit launched the ship to the
chanting of invocation from Atharva Veda.
About INS Anjadip :
 Anjadip is the 3rd of the eight ships of the contract that was signed between Garden
Reach Shipbuilders and Engineers (GRSE), Kolkata and the Ministry of Defence (MoD)
in April 2019.
 The vessel was named after the island of Anjadip, located off Karwar Port, Karnataka,
signifying its strategic maritime importance.
 The ship is a 900-ton, 77-metre-long vessel powered by water-jet propulsion.
 It can achieve a maximum speed of 25 knots (46 km/h) and has an endurance of
1,800 nautical miles (3,300 km) at 14 knots (26 km/h).
 It is designed to undertake anti-submarine operations in coastal waters, low intensity
maritime operations (LIMO) and subsurface surveillance among others.
 The class of ship has achieved 80% indigenization, highlighting India's commitment
to self-reliant shipbuilding, promoting domestic manufacturing, fostering
employment, and enhancing capabilities.
 It is equipped with an Anti-submarine Combat Suite, potentially the DRDO-developed
IAC MOD'C', a Hull Mounted Sonar, and a Low-frequency Variable Depth Sonar.
 The previous two ships launched were Androth and Arnala on March 21, 2023 and
December 2022, respectively.
About Ministry of Defence :
 Defence Minister : Rajnath Singh
 Minister of State : Ajay Bhatt
 Defence Secretary : Giridhar Aramane

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

Indian Navy launched the 4th ship of Survey Vessels (Large) ( SVL ) Project - Sanshodhak
 Indian Naval Ship
(INS) Sanshodhak’, the
fourth of four ships of
Survey Vessels (Large)
(SVL) Project, being
built by Larsen and
Toubro (L&T)/ Garden
Reach Shipbuilders & Engineers (GRSE) for the Indian Navy was launched at
Kattupalli, Chennai, Tamil Nadu (TN).
 The chief guest of the Launch Ceremony was Vice Admiral Adhir Arora, Chief
Hydrographer to Government of India (GoI).
About INS Sanshodhak :
 The ship named ‘Sanshodhak’, meaning ‘Researcher’, signifies the primary role of the
ship as a Survey Vessel.
 As per the contract signed between MoD and Garden Reach Shipbuilders & Engineers
(GRSE), Kolkata, the first ship was to be built at GRSE, Kolkata and construction of the
remaining three ships up to outfitting stage, has been subcontracted to M/s L&T
Shipbuilding, Kattupalli.
 The first three ships of the project, Sandhayak, Nirdeshak and Ikshak were
launched on 05 Dec 21, 26 May 22 and 26 Nov 22 respectively.
 SVL ships will replace the existing Sandhayak Class survey ships, with new-
generation hydrographic equipment, to collect oceanographic data.
 The hull of these ships is made by Steel Authority of India Limited from indigenously
developed DMR 249-A steel.
 It can carry four Survey Motor Boats and an integral helicopter.
 These ships have a length of 110 metres, a width of 16 meters, and a displacement of
3,400 tons.
About GRSE :
 Founded : 1884
 Headquarters : Kolkata, West Bengal
 Chairman & Managing Director : Commodore (Retd) PR Hari

SCIENCE & TECHNOLOGY

India Launches its 1st ever 100% Dimethyl Ether-Fuelled Tractor for Sustainable On and
Off-Road Usage

 In a significant advancement towards a sustainable and renewable fuel-based

transport system, researchers at Indian Institute of Technology (IIT) Kanpur have
successfully developed India's first 100% Dimethyl Ether (DME)-fuelled
tractor/vehicle with a mechanical fuel injection system for both on- and off-road
applications.

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

 The DME-fuelled engine

emitted extremely low
particulate and soot
emissions and almost no
smoke without using
expensive exhaust gas
after-treatment devices
and advanced engine
technologies.
 The research is supported
by the Science and
Engineering Research
Board (SERB), an
attached institution of the
Department of Science
and Technology (DST).
 The project aligned with the Methanol Economy' program of NITI Ayog and could
reduce India’s oil import bill and greenhouse gas (GHG) emissions by
converting vast domestic coal reserves, low-value agricultural biomass waste, and
municipal solid waste into methanol and DME for variety of applications including
powering the tractors/ vehicles.
What is Dimethyl Ether(DME)?
 Dimethyl ether, also known as methoxymethane, wood ether, dimethyl oxide or
methyl ether, is the simplest ether.
 It is a colourless, slightly narcotic, non-toxic, highly flammable gas at ambient
conditions, but can be handled as a liquid when lightly pressurized.
 DME is a suitable alternative since it is renewable.
 It can be produced indigenously, and several countries, like Japan, USA, China,
Sweden, Denmark, and Korea, are already using DME to power their vehicles.
 Dimethyl ether was first synthesised by Jean-Baptiste Dumas and Eugene Péligot
in 1835 by distillation of methanol and sulfuric acid.
Uses:
 It is used extensively in the chemical industry and as solvent, fuel, and refrigerant.
 It has already been used as an ozone-friendly aerosol propellant to replace ozone-
destroying chlorofluorocarbons (CFCs).

IMPORTANT DAYS

World Asteroid Day 2023: June 30
 On June 30th of this current year World Asteroid Day 2023 is observed as an
awareness program among the public all over the world.

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

 In December 2016, the United

Nations General Assembly
passed resolution
A/RES/71/90 proclaiming June
30 as International Asteroid
Day to commemorate the
Tunguska impact over Siberia,
Russian Federation, on June 30,
1908, and to raise awareness about the risks of asteroids on a global scale.
 Dr. Brian May, astrophysicist and lead guitarist of QUEEN co-founded International
Asteroid Day with Danica Remy, President of the B612 Foundation, Rusty Schweickart,
Apollo 9 Astronaut, and filmmaker Grig Richters to raise public awareness about the
importance of asteroids in the formation of our universe and their current role in our
solar system.
 Asteroid Day was co-founded by astrophysicist and lead guitarist of QUEEN Dr. Brian
May together with Danica Remy, President of B612 Foundation, Rusty Schweickart,
Apollo 9 Astronaut, and filmmaker Grig Richters, to promote awareness and provide
knowledge to the general public about the benefits of asteroids and measures to save
our earth from the impact of asteroids.
 B612 strives to defend the Earth against asteroid strikes by informing and advancing
global planetary defense decision-making.
Daily CA One- Liner: June 30
 The Reserve Bank of India (RBI) has cancelled the banking license of the
Karnataka-based Mahalaxmi Cooperative Bank, Dharwad, and allowed it to
function only as a Non-Banking Financial Company (NBFC).
 The Reserve Bank of India (RBI) imposed monetary penalties on 7 co-operative
banks for contravention of/non-adherence with the certain norms issued by the
central bank for the co-operative banks.
 The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹30.00 lakh on
Standard Chartered Bank-India for non-compliance with certain provisions of the
‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’.
 Kotak Mahindra Bank’s subsidiary, Kotak Mahindra General Insurance Company
has partnered with actyv.ai to offer bite-sized insurance products to new-age Micro,
Small and Medium Enterprises (MSME) companies in India.
 The Reserve Bank of India (RBI) has imposed a monetary penalty on all 4 credit
information companies currently operating in the country for non-compliance with
certain provisions of the Credit Information Companies/CICs (Regulation) Act,
2005, read with the CIC Rules, 2006.
 Prime Minister Shri Narendra Modi will inaugurate the 17th Indian Cooperative
Congress (ICC) on the 1st July at Pragati Maidan in New Delhi

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

 Department of Telecommunications has been conducting Hackathons for the

development of 5G products and solutions
 International Telecommunication Union (ITU) has approved the 6G Vision
Framework
 Shri Parshottam Rupala, Minister of Fisheries, Animal Husbandry and Dairying,
Government of India launched an android-based mobile app as “Report Fish
Disease” in the presence of Dr. L. Murugan, Minister of State for Fisheries, Animal
Husbandry and Dairying, Shri J.N. Swain, Secretary, Department of Fisheries,
MoFAH&D, Dr Abhilaksh Likhi, Officer on Special Duty, MoFAH&D and Dr.
Himanshu Pathak, Secretary, DARE & DG, ICAR, New Delhi
 India’s refining capacity will increase from 5.2 million barrels per day (mb/d) in
2022 to 6.2 mb/d in 2028.
 Government will extend extended cover under ECIB scheme with enhanced
cover of 90% to accounts with limits up to Rs. 50 crore
 Reserve Bank of India has informed that the Gross Non-Performing Assets
(GNPA) ratio of Scheduled Commercial Banks has fallen to 10 year low of 3.9
percent in March 2023 and net non-performing assets (NNPA) ratio declined to
1 percent
 The Gujarat government signed a Memorandum of Understanding with
computer storage chip maker Micron for setting up a USD 2.75 billion
semiconductor assembly and test facility at Sanand in Ahmedabad district
 According to the global livability index 2023, Austria's capital Vienna has been
named the world's "most livable city" for 2023

 The Uttar Pradesh (UP) Police Department launched 'Operation Conviction' to

combat criminals and mafias in UP.
 In a vibrant display of cultural heritage and religious fervour, the Historical
'Kharchi Puja' commenced in Tripura.
 Two 1000-year-old square pillars with sculptures of Jain Tirthankaras (a saviour
and spiritual teacher of the dharma) and inscriptions, were found on the outskirts
of Hyderabad in Rangareddy district’s Moinabad village.
 LIC Housing Finance Limited (LIC HFL) has appointed Tribhuwan Adhikari as
Chief Operating Officer (COO) of the company.
 The Reserve Bank of India (RBI) has given its approval to the Federal Bank for the
appointment of AP Hota as part-time chairman, with effect from June 29, 2023, till
January 14, 2026.
 Senior Indian Police Service (IPS) officer Ajay Bhatnagar has been appointed as
Special Director in the Central Bureau of Investigation (CBI).
 Indian Naval Ship (INS) Anjadip, the 3rd of the eight Anti-Submarine Warfare
Shallow Water Craft (SWC) Project, was launched at the Larsen and Toubro (L&T)
Kattupalli Port, Chennai, Tamil Nadu (TN).

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram
 Daily Current Affairs
30th June 2023

 Indian Naval Ship (INS) Sanshodhak’, the fourth of four ships of Survey Vessels
(Large) (SVL) Project, being built by Larsen and Toubro (L&T)/ Garden Reach
Shipbuilders & Engineers (GRSE) for the Indian Navy was launched at Kattupalli,
Chennai, Tamil Nadu (TN).
 In a significant advancement towards a sustainable and renewable fuel-based
transport system, researchers at Indian Institute of Technology (IIT) Kanpur have
successfully developed India's first 100% Dimethyl Ether (DME)-fuelled
tractor/vehicle with a mechanical fuel injection system for both on- and off-road
applications.
 On June 30th of this current year World Asteroid Day 2023 is observed as an
awareness program among the public all over the world.

For Study Materials:www.ibpsguide.com For Mock Tests & E-books:https://guidely.in

Follow us: Telegram , Facebook , Twitter , Instagram