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Current Affairs Daily Digest – June 06 2024

1. Kuwait’s Emir names Sheikh Sabah as new crown prince

Sheikh Meshal just recently dissolved parliament for up to four years because of the general lack of order in Kuwait’s government.

Six months after taking the throne, the Kuwait Emir named the new crown prince of the small country. The next person in line to the throne is Sheikh Sabah Khalid Al Sabah.

The New Crown of Kuwait’s political leader

When Sabah joined the cabinet for the first time, in July 2006, he was named minister of labor and social affairs.

It was also during this time that he was acting foreign minister. He was minister of labor and social affairs before being named minister of information in October 2007.

After that, he was made an assistant to the Amiri Diwan. In February 2010, he was put on the Supreme Petroleum Council. On October 22, 2011, Sabah was named minister of foreign affairs and deputy prime minister.

2. Russian cosmonaut becomes 1st person to spend 1,000 cumulative days in space

This is the first time in history that a cosmonaut from the Roscosmos State company has been in space for 1,000 days straight.

He is currently working at the International Space Station.

Getting This Mission Done

The current part of his trip to the ISS started on September 15, 2023, when he launched with Nikolai Chub and NASA astronaut Loral O’Hara.

“I fly into space to do what I love, not to set records,” he said. The goal I’ve had since I was a kid has been to become a pilot. I want to keep flying because I have the chance to go into space and live and work in orbit.

3. MoD Signs MoUs to Expand SPARSH Service Centers

By forming relationships with four well-known banks, the Ministry of Defense (MoD) has taken a big step toward improving services for pensioners.

The goal of these Memorandums of Understanding (MoUs) is to set up SPARSH service centers across 1,128 branches across the country by using the System for Pension Administration (RAKSHA).

A web-based method called SPARSH makes it easier to process pensions and send money directly to the bank accounts of defense pensioners.

Improving access for pensioners

The MoUs with Bank of India, Canara Bank, Central Bank of India, and Utkarsh Small Finance Bank are a smart move to connect pensioners in the last mile, especially those who live in remote places that don’t have good technology.

These SPARSH service centers will be important hubs for retirees, helping them with things like updating their profiles, filing grievances, digital annual identification, data verification, and getting access to detailed pension information.

4. NPCI International and Reserve Bank of Peru Forge Landmark Partnership for UPI Payments

NPCI International and the Reserve Bank of Peru have teamed up to create a real-time payments system in Peru that works like UPI. This is a first for South America.

Using India’s well-known Unified Payment Interface (UPI) technology, this partnership aims to change Peru’s financial scene in a way that encourages economic growth and financial inclusion.

A Look at the Partnership

The Central Reserve Bank of Peru (BCRP) and NPCI International have announced a groundbreaking agreement to build a real-time payments system in Peru that works like UPI.

This strategic partnership makes Peru the first country in South America to use UPI technology, which will make the country’s banking system more efficient and easy for everyone to use.

Goals for the future

The goal of the partnership between NPCI International and the BCRP is to strengthen Peru’s banking system so that digital payments can help the economy grow.

Together, they want to encourage people to have access to financial services, cut costs, and be open about things, while also being flexible enough to adapt to new technologies and market needs.

5. Arka Fincap Expands Financial Solutions with IRDAI License

The IRDAI has given Arka Fincap Limited, a unit of Kirloskar Oil Engines Limited, a Corporate Agency License.

This is a big step forward. With this permission, Arka can start selling insurance, which will add to the range of financial services it already offers and better meet the needs of all its customers.

Chance for diversification

Arka Fincap can now offer a wider range of products by entering the insurance market to take advantage of new possibilities while staying true to its core value of putting the customer first.

Giving customers the tools they need for long-term growth

Vimal Bhandari, Executive Vice Chairman & CEO, is excited about the achievement and says it shows how committed the company is to new ideas and long-term growth.

The company hopes to achieve long-term growth that benefits all parties by adding insurance options.

6. Om Birla Becomes First Lok Sabha Speaker in 20 Years to be Re-elected as MP

It was an amazing accomplishment for Om Birla, who is currently the Speaker of the Lok Sabha, to win the spot in Kota on June 4, 2024.

Birla was re-elected to the Lower House of Parliament with a huge majority of 41,139 votes. She is the first presiding officer to do so in 20 years.

Putting an end to a 20-year drought

In the 11th Lok Sabha, from 1996 to 1998, P.A. Sangma was Speaker and also won re-election to the Lower House.

He was the last Speaker to do so. At that time, Sangma was a member of the Congress party. In the 1998 Lok Sabha election, he was re-elected from Tura in Meghalaya.

7. Rakesh Mohan Joshi Appointed as Vice-Chancellor of IIFT

The Indian Institute of Foreign Trade (IIFT), a prestigious business school run by the Ministry of Commerce, has named Rakesh Mohan Joshi as its Vice-Chancellor.

Joshi is an expert in foreign trade and management.

The IIFT has new leaders.

Joshi became the Vice-Chancellor of IIFT on Wednesday. IIFT is a well-known school that teaches foreign business and management.

Before getting this job, he was the Dean of IIFT and the Director of the Indian Institute of Plantation Management in Bengaluru while on leave.

8. UN Russian Language Day 2024 – June 06

The United Nations Educational, Scientific, and Cultural Organization (UNESCO) created UN Russian Language Day in 2010 and holds it every year on June 6.

Today is a day to encourage people to learn and enjoy the Russian language.

It falls on the same day as the birthday of Aleksandr Pushkin, who was a famous Russian author and artist.

The UN Russian Language Day for 2024 will be on Thursday, June 6, 2024. The events on this day are open to everyone who wants to learn more about the Russian language and its rich culture history.

UN Day of the Russian Language 2024: The Past

To honor Aleksandr Pushkin, his birthday is February 6, 1799. People think of Pushkin as the founder of modern Russian writing. When he was only 15, his first poem came out in a magazine.

It is the eighth most spoken language in the world and is a Slavic language. You can learn it quickly and it’s also one of the most interesting languages.

Once you know how to speak Russian, you can learn about its long past and read famous Russian authors’ works.