Daily Current Affairs Quiz 2nd July 2024

” The Defence research and development organisation (DRDO) has successfully completed the six consecutive developmental trials of ‘abhyas’, the high-speed expendable aerial target (heat), with enhanced booster configuration from the integrated test range (itr) in chandipur, odisha.• with this, abhyas has completed ten developmental trials, demonstrating the system’s reliability.• the trials were conducted with enhanced radar cross section (rcs), visual, and infrared (ir) augmentation systems, which required for weapon practice.• abhyas is a indigenous system designed by the drdo’s aeronautical development establishment (ade), bengaluru (karnataka).• the was developed through the production agencies – hindustan aeronautics limited (hal) and larsen & toubro limited (l&t).”

” The republic of Paraguay officially became the 100th full member of the international solar alliance (ISA), a treaty-based international intergovernmental organization. Paraguay handed over its instrument of ratification to the ISA in New Delhi, Delhi.• the ISA was conceived as a joint effort by India and France to combat climate change through deployment of solar energy solutions.• it was conceptualised on the sidelines of the 21st conference of parties (cop21) to the united nations framework convention on climate change (UNFCCC) held in paris, France in 2015.• currently, 119 countries are signatories to the isa framework agreement, of which 100 countries have ratified and become full members of the ISA.• Spain became the 99th full member of ISA in may 2024.”

World allergy week is an annual initiative of the world allergy organisation WAO to create awareness about allergic diseases in our warren county communities it is observed across the globe from 23rd to 29th june 2024 the theme of world allergy week 2024 is childhood food

” According to Brand Finance’s India 100 2024: The annual report on the most valuable and strongest Indian brands June 2024, TATA Group retained the Number 1 position in the Brand Value Ranking 2024 with a 9% growth in brand value to USD 28.6 billion. TATA Group, the most valuable brand in India, became the 1st Indian brand to near a USD 30 million brand value mark.• Infosys continues to retain its 2nd spot, with a steady 9% growth in brand value (USD 14.2 billion), followed by HDFC Group in the 3rd spot with a brand value of USD 10.4 billion.• Taj retains its reputation as the strongest Indian brand for the 3rd consecutive year with a AAA+ brand strength rating.Click here to read more”

” On 24th june 2024, the reserve bank of India (RBI) imposed a monetary penalty of rs 29.60 lakh on the hongkong and shanghai banking corporation limited (HSBC) for non-compliance with directions issued by rbi on ‘credit card, debit card and rupee denominated co-branded pre-paid card operations of banks’ reiterated in ‘rbi (credit card and debit card – issuance and conduct) directions, 2022.• the penalty was imposed in the exercise of powers vested in rbi under the provisions of section 47a(1)(c) read with section 46(4)(i) of the banking regulation act, 1949.• rbi conducted the statutory inspection for supervisory evaluation (ise 2022) with reference to the financial position of hsbc as on 31st march 2022.”

” Jitan ram manjhi, the union minister for micro, small and medium enterprises (msme) launched the msme trade enablement and marketing (team) initiative and yashasvini campaign to boost micro and small businesses trade using e-commerce and to support women entrepreneurs.• the two initiatives were launched during the event of world msme day, ‘udyami bharat’ on june 27 2024 in new delhi, delhi.• the union ministry of msme also amending the msme development act, 2006 to improve mechanisms for managing disputes related to delayed payments and to better address the evolving needs of the msme sector.• msme team has been launched under the world bank (wb)-supported raising and accelerating msme productivity (ramp) programme and implemented by national small industries corporation (nsic).• this initiative boosts e-commerce access for mses (micro and small enterprises) via the government’s open e-commerce network open network for digital commerce (ondc) with an outlay of rs 277.35 crore for the period of three years (2024-2027).• yashasvini campaign is an awareness campaign, which focuses on formalising women-owned micro enterprises in tier-2 and tier-3 cities and providing necessary support and assistance.”

” The department of personnel and training (dopt) under the ministry of personnel, public grievances and pensions (moppg&p), government of India (GOI) in exercise of powers given under sub-section (2) of section 1 of the public examinations (prevention of unfair means) act, 2024 (1 of 2024) has notified that all the provisions of the said act came into effect from 21st june 2024.• all offences will be cognizable, non-bailable and non-compoundable under this act.• the act consists of 19 sections across 6 chapters which deal with the various aspects of public examination to ensure transparency and credit of the exams conducted by public authorities.• section 3 of the act outlines minimum 15 actions that amount using unfair means in public examinations “for monetary or wrongful gain”.• the act has provision to punish persons who commits an organised crime with imprisonment between 5 years and 10 years, and a fine of minimum rs 1 crore.click here to read more”

The ministry of agriculture and farmers welfare has launched a new web portal to automate and accelerate the process of settlement of interest subvention claims of banks made under the aif the portal was jointly developed by the department of agriculture and farmers welfare dafw and the national bank for agriculture and rural development nab

On 29 june every year a national statistics day is celebrated throughout India in order to acknowledge and appreciate the contributions of statisticians in India and popularise statistics as a field of study and its significance in socio-economic planning policy-making and daily life this day is also celebrated to mark the birth anniversary

” On the sidelines of national insurance awareness day 2024(28th june 2024), hdfc life insurance company limited introduced the ‘bridge the gap’ campaign to educate the public about the role of life insurance.• this initiative aims to clarify the benefits of life insurance and inform the public about its importance.• hdfc life has partnered with et now, an english-language business and finance news channel in india, to produce a series of informative chat shows featuring discussions with hdfc life leaders and their partners. this will cover various aspects of financial planning with life insurance, including protection, child plans, and retirement options.”