Secretary (East) Jaideep Mazumdar represented India at the East Asia Summit (EAS SOM) and ASEAN Regional Forum (ARF SOM) in Vientiane, Lao PDR, on June 7-8, 2024.
Key issues discussed included Indo-Pacific peace, maritime security, and regional conflicts.
Mazumdar emphasized EAS’s role in promoting stability and highlighted India’s maritime security initiatives.
He also held bilateral meetings with counterparts from several countries, discussing regional cooperation and shared perspectives.
2. Which country has recently been added by the UN to the global list of criminals committing crimes against children? – Israel
Recently, United Nations Secretary-General Antonio Guterres has included the Israeli army in the global list of criminals committing crimes against children.
According to a diplomatic source, along with the Israel Defense Forces (IDF), Hamas and Palestinian Islamic Jihad were also added to the list.
Let us tell you that the Hamas-Israel war started on 7 October with a Hamas-led attack on Israel.
Economic Affairs
3. What is the primary purpose of the ‘Duty Drawback Scheme’, recently seen in news? – To rebate the incidence of Customs and Central Excise duties on materials used in exported goods
In its recent review, the RBI maintained the repo rate unchanged for the eighth consecutive time, citing concerns over sticky inflation.
Sticky inflation describes prices that don’t adjust promptly to supply and demand shifts, resulting in persistent inflation.
Factors like rising wages and consumer prices drive this phenomenon, prompting monetary authorities to consider tightening policy and increasing interest rates to address it.
Environment
5. Which type of ecosystem is associated with the recent discovery of fascinating animals like transparent sea cucumbers and pink sea pigs? – Abyssal Plains
During a recent deep-sea expedition to the Abyssal Plains in the Pacific Ocean, transparent sea cucumbers, pink sea pigs, and bowl-shaped sponges were discovered.
Abyssal plains are flat ocean floor regions, usually at the base of continental rises, found mostly in the Atlantic Ocean.
They cover 40% of Earth’s ocean floor, occur at depths over 6,500 feet, and are composed of basalt covered by various sediments.
Sports
6. Carlos Alcaraz won the French Open 2024, Carlos Alcaraz is the tennis player of which country? – Spain
The Reserve Bank has constituted the Committee to examine various aspects of setting up the digital public infrastructure for the Digital Payments Intelligence Platform.
The Committee has been constituted under the Chairmanship of Shri AP Hota, former MD & CEO, National Payments Corporation of India.
Awards & Honours
11. Which organization of India has been awarded the “Best Conduct of Business Regulator” award by The Asian Banker? – SEBI
The Securities and Exchange Board of India (SEBI) has been awarded the ‘Best Conduct of Business Regulator’ award by The Asian Banker.
The award has been conferred for enhancing the framework for securities markets in India.
The Asian Banker said that SEBI has been continuously working to make the settlement process smooth and fast for investors, for which SEBI introduced the T+1 settlement process in 2021 and fully implemented it in January 2023.
12. Which Indian has won the EY World Entrepreneur of the Year Award 2024? – Vellyan Subbaiah
Vellayan Subbaiah, Executive Vice President, Tube Investments of India (TII) and Chairman, Cholamandalam Investment and Finance, has won the
EY Entrepreneur of the Year Award 2024.
Vellayan Subbaiah is the fourth Indian to win the EY Entrepreneur of the Year Award.
State Current Affairs
13. Suhelwa Wildlife Sanctuary, recently seen in the news, is located in which state? – Uttar Pradesh
