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Current Affairs Daily Digest – June 27 2024
1. Mark Rutte Appointed as Next Secretary General of NATO
Mark Rutte, the prime minister of the Netherlands, has been chosen to be the next heads of NATO.
There is still fighting in Ukraine, and people are talking about how the US will work with the partnership in the future. Jens Stoltenberg of Norway will step down on October 1 and be replaced by Rutte.
Process of Choosing
When Klaus Iohannis, the top candidate against Mark Rutte, dropped out of the race, his appointment was backed.
This choice was made after leaders from all 32 NATO partner countries met in Brussels to make it. As prime minister of the Netherlands, Rutte has made it clear that he is against Russian bullying and strongly backs Ukraine.
The US, UK, France, and Germany, all big NATO countries, backed him. Every member of NATO has to agree on everything, so his ability to get everyone on the same page was very important.
While getting ready for his new job, Rutte is having a lot of trouble. As long as Ukraine is at war with Russia, the alliance needs to keep its support for the country.
It’s also possible that Donald Trump will run for president again, which will be a worry for Rutte.
The leaders of NATO are worried about Trump because he has had doubts about the union in the past. While Rutte is in office, he will work to keep NATO together and improve steps for collective security.
2. Paraguay Becomes 100th Member of International Solar Alliance as 100th Member
Paraguay is now the 100th full member of the International Solar Alliance (ISA). This is a big step forward in working together on solar energy around the world.
Hi, I’m Ambassador Fleming Raul Duarte from Paraguay. I gave you the Instrument of Ratification when we met in New Delhi. Shri Abhishek Singh is the Joint Secretary (ED & MER) and Head of Depository.
Background and Goals of the ISA
The ISA was started by India and France at COP21 in 2015, and its goal is to speed up the use of solar energy around the world to help with climate action.
Its headquarters are in India, and its mission is to remove barriers in technology, finance, and ability that stop the global spread of solar energy.
Leadership and Projects in India
While India was president, the ISA worked on important projects all over the world.
For example, infrastructure in Malawi and Fiji was made solar-powered, and buildings were built in Seychelles and Kiribati that use solar power. India supports clean energy options by sharing technology, building up people’s skills, and making bilateral agreements within the ISA structure.
3. GRSE Wins Sustainable Governance Champion Award
As part of the Outlook Planet Sustainability Summit & Awards 2024, Garden Reach Shipbuilders & Engineers (GRSE) Ltd. was given the “Sustainable Governance Champion Award.”
GRSE’s unwavering dedication to sustainable practices and good government is shown by this award.
GRSE Ltd. Garden Reach Shipbuilders & Engineers in short.
Garden Reach Shipbuilders & Engineers Ltd., or GRSE, is one of the best docks in India. It is in Kolkata.
It makes and fixes up both commercial and military ships. The ships that GRSE builds are also sent outside of the country.
It began as a small privately owned business on the eastern shore of the Hooghly River in 1884. In 1916, it changed its name to Garden Reach Workshop.
In 1960, the Indian government took over GRSE and made it a public company.
In September 2006, the company was given the Miniratna public sector undertaking title, which gave it financial and operational independence. This is the first time that an Indian shipyard has built 100 boats.
4. ICICI Bank M-Cap Tops $100 bn; Becomes Only Sixth Indian Co to Hit Milestone
The market value (m-cap) of ICICI Bank passed $100 billion for the first time on June 25. It was only the sixth company to do so.
Along with Reliance Industries, Tata Consultancy Services, HDFC Bank, and Bharti Airtel, the private sector lender is now part of the group.
The four other companies named in the United States that are worth more than $100 billion on the stock market.
ICICI Bank’s success comes after Infosys
In the past, Infosys had also reached the goal. Following a record high of Rs 1,207, ICICI Bank shares last finished at Rs 1,199, up 2.5%, putting the value of the company at Rs 8.44 trillion ($100 billion).
ICICI Bank’s share price has gone up almost 29% in the past year, more than the 27% rise in the NSE Nifty 50 and the 20% rise in the Bank Nifty.
The first quarter of FY25 data from ICICI Bank will be released by the bank’s board of directors on July 27, 2024.
ICICI Bank’s standalone net profit rose to 10,707.5 crore in the last quarter, which finished on March 31.
This is up 17.4 percent from Rs 9,121.9 crore in the same quarter last year. In the January-March quarter, it made Rs 19,092.8 crore in net interest income, up from Rs 17,666.8 crore the previous year.
There was also a dividend of Rs 10 per stock share with a face value of Rs 2.
5. South India’s First Leopard Safari Opens at Bannerghatta
It was just opened by Eshwar Khandre, the Environment Minister, at the Bannerghatta Biological Park (BBP) in Bengaluru as South India’s first and largest leopard tour.
This big event marks a turning point in India’s work to protect wildlife and boost wildlife tourism.
The safari takes place on a 20-hectare area that follows the strict rules set by the Central Zoo Authority for safety and to look like an environment.
The Safari’s history and features
It took 4.5 crore to build the leopard safari, which is meant to look like the leopards’ natural environment, with rolling hills, rocky outcrops, and woods that lose some of their leaves in the fall.
The enclosure is sealed with a 4.5-meter-tall chain-link mesh and MS sheets that are raised at a 30° angle. It’s set up this way so that both the leopards and the tour guests are safe.
Leopards and people who live in safari areas
The BBP is home to many leopards, and eight of them are set free for the first time.
This safe place lets people get close to these beautiful animals, which helps spread the word about leopard protection and teaches people how to do it.
This is also backed up by the park’s plan to take care of saved leopard cubs and help them get used to safari life before moving them to a place closer to where they belong in the wild.
6. Pakistan Launches New Military Operation Azm-e-Istehkam
The leaders of Pakistan have started Operation Azm-e-Istehkam, which is also called “Resolve for Stability,” to fight the growing violence and terrorism that are mostly caused by their wars with Afghanistan.
Prime Minister Shehbaz Sharif took a close look at the country’s anti-terrorism plans, and focused on what was learned from the National Action Plan, which was made after the terrible attack on the Peshawar Army Public School in 2014. This operation comes after that.
The goals of Operation Azm-e-Istehkam
The main goal of Operation Azm-e-Istehkam is to make the country safer by fighting threats from inside and stopping armed fighters from leaving Afghanistan.
Sharif’s office says that the action will “intensify” attacks on terrorists. It will use economic and social strategies to make people happy and stop the spread of radical ideas.
The plan also wants to protect law enforcement agencies legally, which will help with prosecutions and handling cases linked to terrorism.
7. BlinkX opens India’s First Gen AI Lab
The digital stockbroking arm of JM Financial, BlinkX, launched BlinkX Gen AI Lab, a new technology project that wants to use AI to make operations run more smoothly and improve the customer experience.
BlinkX by JM Financial is in Mumbai and has more than 10,000 square feet of space. This setting shows a big step forward in financial technology.
Goals and New Ideas at BlinkX Gen AI Lab
The lab is run by Soumya Pattanayak, who is the assistant director of MarTech, AI, and Digital Marketing. AI is being used to power cutting edge projects that will change how people connect with and get services.
One of these new ideas is an automated system that can come up with creative comments and customize material for each client in real time based on their portfolio and what’s happening in the market.