International News
Historic Election in Mexico: Claudia Sheinbaum Becomes First Woman President
In a historic moment for Mexico, Claudia Sheinbaum has been elected as the country’s first woman president, according to the provisional results announced by the Mexican election commission. Sheinbaum, from the ruling Morena party, has taken an unassailable lead over her nearest rivals in the presidential contest held on June 2, 2024. Outgoing Mexican President Andrés Manuel López Obrador, who mentored Sheinbaum, has congratulated her on her victory. The elections also saw the renewal of more than 20,000 political positions, including all seats in the lower house, the senate, and regional and municipal offices.
States News
BJP and SKM Triumph in Arunachal Pradesh and Sikkim Assembly Elections
Bharatiya Janata Party (BJP) and the Sikkim Kantikari Morcha (SKM) emerged as the clear winners in the recently concluded legislative assembly elections in Arunachal Pradesh and Sikkim, respectively. According to the Election Commission of India, the BJP clinched an impressive 46 out of 60 seats in Arunachal Pradesh, while the SKM swept the Sikkim polls, securing a remarkable 31 out of 32 seats.
Hyderabad’s Tenure as Joint Capital of Telangana and Andhra Pradesh Ends
On 2 June 2024, the city of Hyderabad officially ceases to be the joint capital of Telangana and Andhra Pradesh. This milestone marks the end of a ten-year period during which Hyderabad served as the shared capital for the two states. In 2014, the Andhra Pradesh Reorganisation Act was passed by the Parliament of India under Article 3 of the Constitution. This Act led to the bifurcation of the erstwhile state of Andhra Pradesh, resulting in the creation of Telangana as the 29th state of India.
Assam’s New IIM Kamrup: Boosting Education and Economy
The central government has approved Assam’s proposal to establish a new Indian Institute of Management (IIM) in Kamrup district. Assam Chief Minister Himanta Biswa Sarma announced the “in-principle approval” from the Ministry of Education, with IIM Ahmedabad slated to mentor the new institution.
Zupee Collaborates with Gurugram Cyber Police for Cyber Security Awareness
In a bid to bolster cyber security awareness, Zupee, India’s largest skill-based Ludo platform, has partnered with Gurugram Cyber Police for the 11th edition of the Cyber Security Summer Internship Program, titled ‘Cyber Warriors’. The month-long internship aims to train selected candidates in cyber security under the guidance of experts, fostering responsible digital citizenship and tackling real-world cyber threats.
Appointments News
PV Sindhu Invests in and Becomes Brand Ambassador for Greenday’s ‘Better Nutrition’
In a significant move, PV Sindhu, the two-time Olympic medallist and World Champion in badminton, has invested in Greenday’s ‘Better Nutrition’ brand. Sindhu has also joined the startup as its brand ambassador, further solidifying her commitment to the cause of tackling micronutrient deficiencies in India.
Agreements News
Nokia and Gati Shakti Vishwavidyalaya Collaborate on 5G/6G Research
In a significant partnership, Finnish telecom giant Nokia and Gati Shakti Vishwavidyalaya (GSV) have signed a Memorandum of Understanding (MoU) to jointly explore advancements in 5G and 6G communications, specifically targeting transportation and logistics sectors. The agreement, signed in the presence of Railway Minister Ashwini Vaishnaw, Chancellor of GSV, aims to leverage Nokia’s expertise in telecommunications to enhance various aspects of transportation and logistics.
Banking News
State Bank of India Market Cap Crosses ₹8 Lakh Crore Milestone
State Bank of India (SBI) achieved a significant milestone as its market capitalization surpassed ₹8 lakh crore, driven by a remarkable surge in its stock prices. This achievement underscores the bank’s robust performance and reflects investor confidence in the banking sector amid favorable market conditions.
Economy News
Goldman Sachs Boosts India GDP Forecast to 6.9% for CY24
Goldman Sachs has revised its GDP growth forecast for India for the calendar year 2024, raising it by 20 basis points to 6.9% from an earlier projection of 6.7%. This adjustment follows a stronger-than-expected GDP growth of 7.8% for the January-March 2024 quarter, driven by robust investment demand and a recovery in consumption.
SEBI Launches Saathi 2.0 Personal Finance App for Investors
SEBI, the Securities and Exchange Board of India, has launched “Saathi 2.0,” a mobile app designed to provide comprehensive tools for simplifying complex financial concepts and empowering investors with reliable information. The app features modules on various financial aspects like KYC procedures, mutual funds, ETFs, buying and selling shares, investor grievances redressal, and an Online Dispute Resolution platform. It also offers educational videos to assist investors in their personal finance planning.
India’s FDI Landscape in 2023-24: Insights and Trends
In the fiscal year 2023-24, India witnessed a slight contraction in foreign direct investment (FDI) by about 3.5%, attributed to global economic uncertainties. However, amidst this, India continued to attract significant FDI from Singapore, albeit with a dip in numbers, maintaining its position as the highest recipient of FDI from the island nation.
Summits and Conferences News
The 21st edition of the Asia Pacific premier defence meet, the Shangri-La Dialogue or the Asian Security Summit, concluded in Singapore on 2 June 2024. Held at the Shangri-La Hotel from 31 May to 2 June, the Dialogue saw participation from over a hundred delegates worldwide, discussing pressing security challenges and exploring fresh approaches.
Science and Technology News
Lunar Timekeeping: How NASA Plans to Synchronize Moon Missions
As part of the Artemis program, which intends to bring humans back to the lunar surface, NASA and the European Space Agency (ESA) are working together to create a common time system for the moon. The project aims to meet the requirement for a common timekeeping system to manage missions from various nations and private organizations.
Sports News
Record Prize Money for 2024 ICC Men’s T20 World Cup
The ninth edition of the ICC Men’s T20 World Cup promises to be a thrilling spectacle, with the winners set to take home a record-breaking prize money of at least $2.45 million. This staggering figure represents the highest prize money in the history of the tournament, making the coveted trophy even more prestigious.
Important Days
International Day of Innocent Children Victims of Aggression 2024
Every year, the International Day of Innocent Children Victims of Aggression is observed on June 4. This year, it falls on a Tuesday. On August 19, 1982, the UN General Assembly’s special session focused on the plight that Palestinian and Lebanese children faced due to Israeli aggression during the Lebanon war.
