12th June 2021 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the Daily GK Update of 12th June 2021 covering the following news headlines: World Day Against Child Labour, AISHE, Indian Grand Prix 4, State Bank of India, International Association of Ultrarunners Council.

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update of 12th June 2021 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Top 11 Daily GK Updates: National & International News

Here is providing below the top 11 important Daily General Knowledge GK 2021 updates with national & international news

International News

  1. Ex-Mongolian prime minister Khurelsukh won presidential election

  • Former Mongolian Prime Minister, Ukhnaa Khurelsukh became the country’s sixth democratically elected president, further consolidating the power of the ruling Mongolian People’s Party (MPP) with a landslide victory.
  • With 99.7% of votes counted overnight, Khurelsukh’s tally had reached 821,136, or 68% of the total, the largest share of the vote since the democratic era began in 1990.
  • Khurelsukh will replace incumbent Khaltmaa Battulga, who was denied an opportunity to seek re-election following controversial changes to Mongolia’s constitution that restricted presidents to one term in office.

Important takeaways for all competitive exams:

  • Mongolia Capital: Ulaanbaatar;
  • Mongolia Currency: Mongolian Togrog.

Banking News

2. SBI launches Kavach Personal Loan for Covid-19 patients

  • State Bank of India (SBI) has launched a collateral-free “Kavach Personal Loan” to enable its customers to meet medical expenses of self and family members for Covid treatment.
  • Under this scheme, customers can avail of loans up to ₹5 lakhs at an effective interest rate of 8.5 per cent per annum for 60 months, which is inclusive of three months moratorium.
  • This loan product will also be part of the Covid loan book being created by banks as per the Reserve Bank of India’s Covid relief measures. The loan will also cover reimbursement of Covid related medical expenses already incurred.

Important takeaways for all competitive exams:

  • SBI Chairperson: Dinesh Kumar Khara.
  • SBI Headquarters: Mumbai.
  • SBI Founded: 1 July 1955.

3. RBI: ATM cash withdrawal rule changed

  • Reserve Bank of India (RBI) has changed some rules regarding cash withdrawal from automated teller machine (ATM).
  • These ATM cash withdrawal rule changes include higher charges on transactions beyond the free permissible limit, a new free ATM transaction limit and a rise in interchange fee.
  • Free cash withdrawal limit from own bank: Bank customers can now do five free financial and non-financial transactions every month from their own bank ATMs.

The new ATM charges as defined by RBI are as under:

  • Free ATM transaction limit from other banks: ATM cardholders can do three free financial and non-financial transactions in metro centres while five in the non-metro transaction from other bank ATMs
  • Charges on ATM cash withdrawal beyond the free limit: RBI allowed banks to increase charges on ATM transactions beyond the free ATM transaction limit.
  • Rise in interchange fee: Interchange fee per transaction changed from Rs 15 to Rs 17 for financial transactions while from Rs 5 to Rs 6 for non-financial transactions in effect from August 1, 2021.
  • New charges on ATM withdrawal beyond the free transaction limit: Bank customer will have to pay Rs 21 (currently it is Rs 20) for each ATM cash withdrawal beyond the free transaction limit in effect from January 1, 2022.

Appointments News

4. India’s Nagraj Adiga elected in International Association of Ultrarunners Council

  • India’s Nagraj Adiga has been elected as the Asia-Oceania Representative at the recently concluded 2021 International Association of Ultrarunners (IAU) Congress at which the IAU council elections were held.
  • Adiga works closely with the Athletics Federation of India and with various Government bodies to promote health, fitness, and encourage budding sportspersons.

Ranks and Reports News

5. AISHE 2019-20 report released by Union Education Minister

  • All India Survey on Higher Education (AISHE) 2019-20 report has been released by Union Education Minister Ramesh Pokhriyal ‘Nishank’.
  • As per AISHE in the last five years (2015-16 to 2019-20), student enrolment has grown by 11.4%.
  • As per AISHE, female enrolment in Higher Education has increased by 18.2% from 2015-16 to 2019-20.
  • AISHE 2019-20 is the 10 in the series of All India Survey on Higher Education. Department of Higher Education releases it annually.

Awards News

6.  2021 Pulitzer Prize Announced: Complete List of Winners

  • The 105th class of Pulitzer Prize 2021 winners in Journalism, Books, Drama and Music were announced. The Pulitzer Prize is an award for achievements in newspaper, magazine and online journalism, literature, and musical composition in the United States.
  • It was established in 1917 by provisions in the will of American (Hungarian-born) Joseph Pulitzer who had made his fortune as a newspaper publisher and is administered by Columbia University in New York City.
  • In twenty-two of the categories, each winner receives a certificate and a US $15,000 cash award (raised from $10,000 in 2017). The winner in the public service category is awarded a gold medal.

To read the complete list of winners: Click Here

7. DBS tops Forbes ‘World’s Best Banks’ list in India

  • DBS Bank has been named by Forbes in their list of World’s Best Banks 2021. DBS was ranked #1 out of 30 domestic and international banks in India for the second consecutive year.
  • This is the third edition of the ‘World’s Best Banks’ list by Forbes, conducted in partnership with market research firm Statista.
  • Over 43,000 banking customers across the globe were surveyed on their current and former banking relationships. The customer survey rated banks on general satisfaction and key attributes like trust, digital services, financial advice, and fees.

Sports News

8. Patiala to host Indian Grand Prix 4

  • The Athletics Federation of India (AFI), announced that the Indian Grand Prix 4 will be held on June 21 at the National Institute of Sports in Patiala.
  • The decision to host the domestic events was made to give Indian athletes the maximum chance to qualify for Tokyo. India’s star sprinters Dutee Chand & Hima Das are expected to participate in the fourth Indian GP of 2021.
  • National Inter-State Athletics Championships will be held at the same venue from June 25.

Important takeaways for all competitive exams:

  • Athletics Federation of India Founded: 1946;
  • Athletics Federation of India  Headquarters location: New Delhi.

Important Days

9. World Day Against Child Labour: 12 June

  • World Day Against Child Labour is observed globally on 12th June every year. According to the International Labour Organization (ILO), there are about 152 million children globally who are engaged in child labour, 72 million of whom are in hazardous work.
  • This year’s World Day Against Child Labour focuses on action taken for the 2021 International Year for the Elimination of Child Labour.
  • The theme of this year’s World Day Against Child Labour is Act now: End child labour!. It is the first World Day since the universal ratification of the ILO’s Convention No. 182 on the Worst Forms of Child Labour and takes place at a time when the COVID-19 crisis threatens to reverse years of progress in tackling the problem.

Obituaries News

10. Padma Shri Awardee Eminent Environmentalist Radhamohan Passes Away

  • Padma Shri winning noted Economist and Environmentalist, Prof Radhamohan Ji has passed away.
  • He was the former information commissioner of Odisha and had also served as a lecturer of Economics in different colleges in Odisha.
  • He along with his daughter Sabarmatee were conferred with the prestigious Padma Shri Award in 2020 for their contribution to the agriculture sector.

11. Noted Kannada Poet Siddalingaiah Passes Away

  • Noted Kannada poet, playwright and Dalit activist, Siddalingaiah has passed away, due to Covid-19 related ailments.
  • He was one of Karnataka’s first prominent Dalit poets, and was popularly known as “Dalita Kavi”.
  • He is credited with launching the Dalit-Bandaya literary movement in Kannada and starting the genre of Dalit writing. He was also one of the founders of the Dalita Sangharsh Samiti in the state.

12. Olympian Surat Singh Mathur passes away

  • Olympian Surat Singh Mathur, the first from independent India to complete a marathon at the Olympics, passed away.
  • Running with the legendary Emil Zatopek in the 1952 Helsinki Olympics, Mathur completed the marathon in the 52nd place in 2:58.92s.
  • A bronze medallist at the first Asian Games in 1951, Mathur, who was born in Mohammadpur Majri village (Karala) in Delhi, was a two-time National champion.

Check More GK Updates Here

12th June Current Affairs 2021 | Current Affairs Today | Daily Current Affairs 2021

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