Current Affairs Daily Digest – June 17 2024

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Current AFfairs

Current AFfairs

Current Affairs Daily Digest – June 17 2024

1. RBI bags ‘Risk Manager of the Year Award 2024’ by London’s Central Banking publication

The Reserve Bank of India (RBI) has been honored with the prestigious “Risk Manager of the Year Award 2024” by Central Banking, a well-known newspaper with its headquarters in London.

This is a significant accomplishment for the RBI. This honor acknowledges the enormous strides that the Reserve Bank of India (RBI) has made in creating a robust risk culture and heightened awareness, thereby reinforcing its critical role in ensuring the stability of India’s financial system for the financial sector.

An Approach to Monetary Policy That Is Prudent

The Reserve Bank of India (RBI) used a cautious and measured approach to monetary policy during the recent turmoil that occurred in the global economy.

In contrast to a large number of other central banks, who have significantly raised interest rates, which could potentially stifle economic growth, the Reserve Bank of India (RBI) has maintained a holding position, which means that it has kept interest rates stable while continuously monitoring inflation levels.

This prudent choice was made to strike a balance between reducing inflationary pressures and encouraging economic growth.

It was a demonstration of the Reserve Bank of India’s effective risk management tactics in navigating adverse economic conditions to achieve this balance.

2. Oracle Partners with Tamil Nadu to Empower Youth with IT Skills

Oracle and the Tamil Nadu Skill Development Corporation have formed a partnership to improve the information technology (IT) abilities of the younger generation in the state through the Naan Mudhalvan program.

Over 200,000 students will have the opportunity to participate in employment-related possibilities as a result of this program, which intends to give training and certification in cutting-edge technologies such as blockchain, artificial intelligence, machine learning, and cloud computing.

Overview of the Program

Oracle’s Naan Mudhalvan program, which is being run in conjunction with the state of Tamil Nadu, has the objective of providing more than 200,000 students with the knowledge and abilities necessary to become proficient in cloud computing, data science, artificial intelligence, machine learning, and blockchain.

As an addition to the training that will be provided by instructors and academicians directly on campuses, digital modules that are accessible through Oracle MyLearn will also be utilized.

3. India Set to be the 6th Country to have its own Deep Sea Mission

With the commencement of its ambitious Deep Sea Mission, India is going to become the sixth country to embark on such a ground-breaking project, joining an elite group of nations that are already at the forefront of their respective fields.

During a recent meeting in New Delhi, Dr. Jitendra Singh, who is the Union Minister of State (Independent Charge) for Science and Technology, Earth Sciences, PMO, Atomic Energy, Space, Personnel, Public Grievances, and Pensions, expressed his pride and happiness over the progress that has been made about this mission.

How to Achieve a Blue Economy That Is Resilient

Dr. Jitendra Singh, who was in charge of presiding over a conference to review the 100-day Action Plan of the Ministry of Earth Sciences, underlined the significance of concentrating on the development of a resilient blue economy to empower individuals whose livelihoods are based on the ocean and the energy it provides.

He brought attention to the fact that the Deep Sea Mission is not restricted to the investigation of minerals alone; rather, it involves the growth of ocean sciences, the exploration of flora and fauna, and the conservation of marine biodiversity.

4. World Day to Combat Desertification and Drought 2024 – June 17

The World Day to Combat Desertification and Drought is observed on June 17th, and it is celebrated all around the world.

The purpose of this significant day is to bring attention to the urgent problem of land degradation and the catastrophic impact that it has on communities and the environment all over the world to increase awareness about this issue.

The Theme: “United for Land. Our Legacy. Our Future.”

Through the use of the slogan “United for Land. Our Legacy. Our Future,” this year’s theme highlights the crucial relevance of land stewardship as a responsibility that all individuals share.

The urgency of maintaining our land resources for future generations and sustaining the stability and prosperity of billions of people all over the world is brought to light by this.

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