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Current Affairs Daily Digest – June 10 2024

1. Iga Świątek won the Women’s Singles title at the French Open

Iga Swiatek beats Jasmine Paolini to win her third straight French Open women’s title.

Her three wins in a row in Paris are the first by a woman since Justine Henin from 2005 to 2007.

In 2020 and 2022, Swiatek won the French Open and the U.S. Open.

As of right now, the Women’s Tennis Association (WTA) says that Iga Natalia Świĉtek is the best singles tennis player in the world.

2. SEBI wins the “Best Conduct of Business Regulator” Award

One news source, The Asian Banker, says that the Securities and Exchange Board of India (SEBI) was recently given the Asia-Pacific “Best Conduct of Business Regulator” prize.

At an event in Hong Kong, this award was given. It shows how important SEBI has been in making the rules for Indian stock markets better. The award was accepted on behalf of SEBI by Kamlesh Chandra Varshney, who is a Permanent Member of the group.

Improvements to the regulatory framework

The Indian stock market is much more reliable and efficient now that SEBI has taken several important steps. One of the important projects is the beginning of the T+1 settlement method.

This method was slowly put in place starting in 2021 and was fully operating by January 2023. It has greatly shortened the time it takes for investors to get their money after trading, which has made the market more liquid and efficient.

3. European Commission Excludes Tanzania From Conservation Grant

A big decision has been made by the European Commission (EC) about Tanzania’s ability to get a conservation grant through its NaturAfrica program.

Conservation attempts in East Africa will be affected by this decision, especially the Eastern Rift Savannahs and Watersheds (ERiSaWa) part of the project.

• Notes on NaturAfrica
• The EC funds the NaturAfrica program, which works to protect biodiversity and encourage long-term growth in important African areas.
• Key Landscapes for Conservation and Development (KLCDs) are the places it aims to protect and grow.
• NaturAfrica works to protect the environment, help people in the area make a living, and make sure that important environments are well managed.

4. Raj Priy Singh Appointed Director in Department of Rural Development

In 2010, Raj Priy Singh became an officer in the Indian Forest Service (IFoS). Now, he is the Director of the Department of Rural Development in the Ministry of Rural Development.

The Central Staffing Scheme (CSS) says that he was appointed after the Ministry of Environment, Forest, and Climate Change suggested that he be sent to the Central government.

Info on the appointment

Raj Priy Singh has been hired as Director of the Department of Rural Development under the Central Staffing Scheme.

His job will last for five years, starting on the day he starts, or until further orders are given, whichever comes first.

5. ISRO Gives Details on Indo-French TRISHNA Mission

Space agency ISRO has stated that India and France will work together on an infrared earth observation satellite mission called TRISHNA (Thermal Infra-Red Imaging Satellite for High-Resolution Natural Resource Assessment).

This mission will keep an eye on water management and surface temperature around the world.

About This Project

• The project comes at a time when both India and Europe are experiencing very high temperatures.
• It will collect information about how climate change is affecting the earth by tracking the loss and release of water from plants and land.
• The project will look at the amount and types of water in different parts of the biosphere, as well as how things change, like glaciers melting, and figure out how much water is used on land.
• In terms of heat, ISRO said the satellite would keep an eye on thermal anomalies and spikes, heat released from land, surface energy, urban heat islands, and other world factors.
• The satellite will also look at clouds, dust, and water vapor in the atmosphere around the world.
• It is currently planned to start in 2025, and it should last for 5 years.

6. World Accreditation Day 2024 Observed on 9th June

Every year on June 9, people all over the world celebrate World Accreditation Day. This is a worldwide event created by the International Accreditation Forum (IAF) and the International Laboratory Accreditation Cooperation (ILAC).

This event happens every year to make more people aware of how important accreditation is for making many parts of our lives better, such as consumer safety, public health, business operations, and government rules.

“Accreditation: Empowering Tomorrow and Shaping the Future” is the theme for World Accreditation Day 2024.

This year’s theme looks at how accreditation changes in a world that is constantly changing because of digitalization, new technologies, and worries about the environment.

7. Vellayan Subbiah Named EY World Entrepreneur of the Year 2024

This is the fourth time that an Indian business owner has won the prestigious EY World Entrepreneur of the Year 2024 award.

Vellayan Subbiah, Executive Vice Chairman of Tube Investments of India (TII) and Chairman of Cholamandalam Investment and Finance Co Ltd., was named the winner.

Both TII and Chola have had unprecedented success under his visionary guidance and game-changing strategies, which have earned him fame on a global scale.

Journey as an entrepreneur

• Before becoming an entrepreneur, Subbiah worked as an engineer and as a strategy consultant.
• He took over his family’s business and led Cholamandalam Investment and Finance through tough times before being named Chairman, during which time the company’s market value grew by a huge amount.
• After that, he took over at Tube Investments of India (TII), changed the business plan, and the share price went up a lot.

8. International Archives day 2024 Observed on 9th June

International Archives Day is celebrated on June 9. This day is meant to bring attention to how important records and archives are to our society.

These knowledge archives are like guardians of our common memory. They keep safe the stories, events, and accomplishments that have shaped our past and will do so in the future.

How International Archives Day Came to Be

• There was talk at the 2004 International Congress on Archives in Vienna of making a day to recognize how important archives are.
• A motion signed by more than 2,000 people from around the world asked the UN to set aside a day to recognize the value of these important resources.
• After three years, on June 9, 2007, the International Council on Archives (ICA) made it clear that that day would be International Archives Day.
• This choice was made at the ICA’s Annual General Meeting, making the date official as a holiday around the world to honor the protection of our shared history.

9. Ramoji Rao, Founder of Eenadu Group & Ramoji Film City, Dies at 88

Ramoji Rao formed the Eenadu Group and Ramoji Film City. He died early in the morning on June 8 in Hyderabad, Telangana.

He was 88 years old. He was getting care at Star Hospital in Hyderabad when he passed away at 3:45 am today. He has been getting help with breathing for a few days now.

State Honors at the funeral

• The office of the Telangana Chief Minister said that Rao’s funeral will be held with state honors by the government.
• It also said that the State Chief Secretary was told to do that by Chief Minister Revanth Reddy, who is in New Delhi for a meeting of the Congress Working Committee.
• What Ramoji Rao Cherukuri Said He was born on November 16, 1936. He was an Indian businessman who worked in media and made movies.
• He was the head of the Ramoji Group, which owns films like Ramoji Film City, the newspaper Eenadu, the TV network ETV, and the movie production company Usha Kiran Movies.
• He is also in charge of the Margadarsi Chit Fund, the Dolphin Group of Hotels, the Kalanjali Shopping Mall, Priya Pickles, and Mayuri Film Distributors.

10. World Brain Tumour Day 2024 Observed on 08th June

On June 8, 2024, people around the world who work in health care celebrated World Brain Tumor Day to bring attention to how brain tumors can be very painful and to the need to keep teaching people about this condition and helping those who have it.

Why and how World Brain Tumor Day came to be

• Before World Brain Tumor Day, there was the German Brain Tumor Association (Deutsche Hirntumorhilfe e.V.), a non-profit group based in Leipzig that first held the event in 2000.
• Since then, this day has been set aside to honor brain tumor patients around the world and bring more attention to this brain disease.
• Brain tumors must be found early to avoid neurological complaints and disabilities. Being aware of the early signs can help you get care quickly and get better quickly.
• Especially dangerous tumors need to be taken care of right away, before they kill the person.
• World Brain Tumor Day is a great time to teach people about this dangerous disease, deal with problems that come up because of it, support research, and look for new, more technologically advanced ways to treat it.

11. Sameer Bansal Appointed CEO of PNB MetLife

Sameer Bansal has been named as the new Managing Director and Chief Executive Officer of PNB MetLife India Insurance.

He will start his job on July 1, 2024. As the Chief Distribution Officer right now, Bansal has more than 25 years of knowledge in the financial services field.

He will take over for Ashish Srivastava, who is moving up to become MD of MetLife Inc.’s Global Shared Services team in India.

Job and Background Information

• Sameer Bansal, who has worked at PNB MetLife since 2007, has been named MD and CEO, but only after getting the necessary government approvals.
• He has a lot of knowledge in financial services, especially in managing different channels of distribution like Bancassurance, Agency, Digital, Employee Benefits, and Direct marketing.