Current Affairs One - Liner : 9th & 10th June 2024

• Banking:
• The Reserve Bank of India (RBI) increased the threshold for bulk fixed deposits from Rs 2 crore to Rs 3 crore on June 7, 2024. This change is aimed at improving the asset liability management of banks. Now, retail fixed deposits include single rupee term deposits of up to Rs 2 crore with Scheduled Commercial Banks and Small Finance Banks.

• Reports:
• The UNESCO State of the Ocean Report 2024, launched on 3rd June 2024, reveals alarming oceanic trends. It states that ocean warming has doubled in the last 20 years, with an average temperature increase of 1.45°C. This warming is responsible for 40% of the global sea level rise. The ocean has also lost 2% of its oxygen since the 1960s, and its acidity has increased by 30% since pre-industrial times
• Important Days:
• International Archives Day is observed annually on June 9 to highlight the significance of records and archives. It was established by the International Council on Archives (ICA). The theme for 2024, including International Archives Day, is #CyberArchives, emphasizing the role of technology in the field of archives and records management.
• Appointments:
• Raj Priy Singh, an Indian Forest Service officer, was appointed as the Director of the Department of Rural Development on June 10, 2024. His appointment is under the Central Staffing Scheme for a tenure of five years.
• Awards & Honours:
• Vellayan Subbiah, Executive Vice-Chairman of Tube Investments of India and Chairman of Cholamandalam Investment and Finance, was named the EY World Entrepreneur Of The Year 2024 on June 7, 2024. He is the fourth Indian to receive this prestigious award.
• Books:
• Bill Gates, the co-founder of Microsoft, has announced his memoir titled “Source Code: My Beginnings”. The memoir, which traces Gates’ journey from his childhood to the founding of Microsoft, is set to be published on February 4, 2025.
• Obituaries:
• Ramoji Rao, the founder of Ramoji Film City and a media baron, passed away at the age of 87 on June 8, 2024. He was a visionary who made significant contributions to the Indian media and entertainment industry.

Questions:

1 Who was appointed as the Director of the Department of Rural Development on June 10, 2024?

• A) Raj Priy Singh
• B) Ravi Kumar
• C) Suresh Prabhu
• D) Anil Kumar

Answer: A) Raj Priy Singh, an Indian Forest Service officer, was appointed as the Director of the Department of Rural Development on June 10, 2024.

2 What is the new threshold for bulk fixed deposits set by the Reserve Bank of India (RBI)?

• A) Rs 1 crore
• B) Rs 2 crore
• C) Rs 3 crore
• D) Rs 4 crore

Answer: C) The Reserve Bank of India (RBI) increased the threshold for bulk fixed deposits from Rs 2 crore to Rs 3 crore on June 7, 2024. This change is aimed at improving the asset liability management of banks.