16 June 2023 Current affairs: Staying well-informed about the latest current affairs is essential in our rapidly evolving world. As we delve into the month of June 2023, this article provides a concise yet comprehensive overview of the significant events that unfolded during this period. Explore the current affairs of June 2023, encompassing politics, economics, technology, and more, as we bring you up-to-date with the latest happenings around the globe.
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Current Affairs of 16 June 2023 PDF | 16 June 2023 Current affairs
India will host the 2025 International Institute of Administrative Sciences (IIAS) Annual Conference at Kochi, Kerala in February 2025. The theme of the conference is “Next Generation Administrative Reforms – Empowering Citizens and Reaching the Last Mile.” The decision to host the conference in India was conveyed to the IIAS’s Council of Administration via a video conference. IIAS, headquartered in Brussels, was established in 1930 with the aim of elaborating public administration solutions to the policy challenges of the day.
The United Nations General Assembly (UNGA) has adopted a draft resolution introduced by India to establish a memorial wall in the UN headquarters to honor fallen peacekeepers. The draft resolution, titled “Memorial wall for fallen United Nations peacekeepers,” was submitted by 18 countries including Bangladesh, Canada, China, Denmark, Egypt, France, India, Indonesia, Jordan, Nepal, Rwanda, and the US.
National Thermal Power Corporation Limited (NTPC), India’s largest power generation company, has secured the 433rd rank in Forbes’ “The Global 2000” list for 2023. This is a significant climb of 52 positions from its previous rank of 485 in 2022. “The Global 2000” list recognizes the world’s largest companies based on sales, profits, assets, and market value, and NTPC’s rise in the rankings demonstrates its emergence as a strong force in the global market.
India’s wholesale price inflation fell to -3.48% in May 2023, as reported by the all India Wholesale Price Index (WPI). This is a decrease from the -0.92% recorded in April 2023. The fall in prices of mineral oils, basic metals, food products, textiles, non-food articles, crude petroleum & natural gas, and chemical & chemical products contributed to the decrease in inflation. The food index declined to 1.59%, while fuel and power fell to 9.17%. Manufactured product prices also fell by 2.97% in May 2023.
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Union Minister of Education, Dharmendra Pradhan, flagged off Gabon’s first Agri-SEZ (Special Economic Zone) project from New Delhi on June 14, 2023. The project will be implemented by the AOM group with Centurion University as the technical and knowledge partner. In the initial phase, 30 farmers and 20 B.Sc./M.Sc. Agri and B.Tech/M.Tech Engineering students from Gajapati district, Odisha, will be traveling together as agri-technical and technical consultants for the agriculture SEZ.
Sberbank, Russia’s dominant lender, has launched Indian rupee accounts for individuals as part of its efforts to expand the range of foreign currencies available and reduce dependency on the U.S. dollar and euro. Sberbank already offers deposits in China’s yuan and UAE dirhams, and now rupee accounts will also be available to clients. As part of the launch, Sberbank has also raised rates on dirham deposits by 100 basis points for a six-week period.
World Elder Abuse Awareness Day is observed on June 15 every year to raise awareness about the abuse experienced by older adults. The theme for 2023 is “Closing the Circle: Addressing Gender-Based Violence (GBV) in Older Age – Policy, Law and Evidence-based Responses.” This day was started in 2006 by the International Network for the Prevention of Elder Abuse (INPEA) and was adopted as a designated day for the prevention of abuse of older people by the United Nations in 2011.
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), has been honored with the title of “Governor of the Year 2023” by Central Banking in London. This recognition is due to his role in managing inflation and handling India’s banking system during crises such as the COVID pandemic and global turmoils. Das is the second RBI governor to receive this title after Raghuram Rajan, who was honored in 2015. The National Bank of Ukraine was presented with the 2023 Central Bank of the Year.
16 June 2023 Current affairs in English
Tata Steel Limited and Germany’s SMS group have signed an MoU to collaborate on the decarbonization of the steel-making process. Under this agreement, the companies will undertake further technical discussions and initiate actions for conducting a Joint Industrial Demonstration of the EASyMelt technology developed by SMS group. The demonstration will be executed at the “E” Blast Furnace in Tata Steel’s Jamshedpur plant with the objective of reducing CO2 emissions.
Haryana Chief Minister Manohar Lal Khattar has announced a monthly pension of ₹10,000 for Padma awardees from the state. In addition to the pension, Padma Shri, Padma Bhushan, and Padma Vibhushan awardees from Haryana will also receive a free travel facility in the state government’s “Volvo bus” service. The state government is further providing health insurance benefits of up to ₹5 lakh to families with an annual income of up to ₹1.80 lakh.
The Insurance Regulatory and Development Authority of India (IRDAI) has given its approval to SBI Mutual Fund to acquire up to 10% of the total paid-up equity share capital of ICICI Lombard General Insurance through market purchase. This approval is valid for one year and subject to compliance with applicable provisions of IRDAI regulations and Indian Insurance Companies (Foreign Investment) Rules.
The microfinance loan portfolio in India increased by 22% to reach ₹3.48 trillion during the financial year 2022-23. The gross loan portfolio stood at ₹2.85 trillion as of March 31, 2022. Microfinance loan disbursals during the same financial year improved by 23% to ₹2,96,423 crore compared to ₹2,39,433 crore in the previous year. A total of 7.17 crore loans were disbursed during FY 22-23, indicating growth in the microfinance sector.
Education loans in India witnessed a 17% growth during the financial year 2022-23, according to RBI data. The outstanding portfolio under education loans reached ₹96,847 crore compared to ₹82,723 crore in the previous year. This positive growth comes after five years of stagnation in the sector. The non-performing asset (NPA) ratio in education advances stood at 7.82% of the total outstanding portfolio of ₹80,000 crore at the end of the first quarter of FY23.