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18th June Daily Current Affairs 2022: Today GK Updates for Bank Exam

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 is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update for 18th June 2022 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Here is the Daily GK Update of the 18th June 2022 covering the following news headlines: Sustainable Gastronomy Day, International Picnic Day, Agniveers, Canara HSBC Life, GST Council, NATO summit.
 

Top 15 Daily GK Updates: National & International News 

Here is providing below the top 15 important Daily General Knowledge 2022 updates with national & international news.

International News

1. Japan to participate in NATO summit for the first time 

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  • Japanese Prime Minister, Fumio Kishida will attend this month’s NATO summit in Madrid, becoming the country’s first leader to join a top meeting of the transatlantic alliance.
  • The June 28-30 gathering is seen as a crunch moment for the 30 North Atlantic Treaty Organization allies, four months into Russia’s war in Ukraine.
  • Japan, a key U.S. ally and not a NATO member, has delivered defensive supplies to Ukraine and imposed tough sanctions on Russia in tandem with the other Group of Seven countries.

Important takeaways for all competitive exams: 

  • NATO Formation: 4 April 1949;
  • NATO Headquarters: Brussels, Belgium;
  • NATO Secretary General: Jens Stoltenberg;
  • NATO Total Member: 30;
  • NATO Last member of NATO: North Macedonia.

2. Hamza Abdi Barre appointed as PM of Somalia 

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  • Somalia’s President Hassan Sheikh Mohamud has appointed a former chairman of the Jubbaland state election commission, Hamza Abdi Barre as the Prime Minister.
  • The 48-year-old Hamza Abdi Barre from the semi-autonomous state of Jubaland replaced Mohamed Hussein Roble.
  • Barre served in a number of public and political roles and from 2011 to 2017 was secretary-general of the Peace and Development Party (PDP), the precursor to the Union for Peace and Development (UDP) now led by Mohamud.

Important takeaways for all competitive exams: 

  • Somalia Capital: Mogadishu;
  • Somalia Currency: Somali Shilling;
  • Somalia President: Hassan Sheikh Mohamud.

Agreements News

3. Zomato tie-up with Jio-bp to accelerate EV adoption 

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  • Zomato and Jio-bp have entered into an agreement to support Zomato’s commitment towards “The Climate Group’s EV100 initiative of 100 per cent EV fleet by 2030.”
  • The collaboration is poised to accelerate EV adoption in the rapidly growing Indian delivery and transportation segment.
  • Jio-bp, the fuel and mobility joint venture between Reliance Industries Ltd and bp, will provide EV mobility services to Zomato and access to ‘Jio-bp pulse’ battery swapping stations for last-mile delivery.

Important takeaways for all competitive exams:

  • Headquarters of Zomato: Gurugram, Haryana.
  • CEO of Zomato: Deepinder Goyal.

Economy News

4. Ministerial meeting on GST rationalisation fails to reach agreement 

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  • According to insiders, a group of state ministers working on GST rate rationalisation was unable to achieve an agreement because some members were opposed to modifications to tax slabs and rates.
  • They stated that the Group of Ministers will provide a status report to the GST Council on the consensus reached at the Group of Minister’s previous meeting on November 20, 2021.

Important Takeaways For All Competitive Exams:

  • Finance Minister of India: Smt. Nirmala Sitharaman
  • Chief Minister of Karnataka: Shri Basavaraj Bommai

5. 47th meeting of GST Council to be held in Srinagar 

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  • The 47th meeting of the GST Council will be held on June 28 and 29, 2022 in Srinagar. The GST Council is chaired by Finance Minister Nirmala Sitharaman. This is the second time that the GST Council meeting is being held in Srinagar.
  • Before the launch of the Goods and Services Tax (GST) on July 1, 2017, the 14th meeting of the Coun cil was held on May 18 and 19 in the city.
  • The Council had last year set up a seven-member panel of state ministers, headed by Karnataka Chief Minister Basavaraj Bommai, to suggest ways to augment revenue by rationalising tax rates. The GoM had last met in November 2021.

6. Since 1980s, world’s central banks launch their most hawkish campaign 

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  • Central bankers around the world are enacting what could be the most dramatic tightening of monetary policy since the 1980s, risking recessions and upsetting financial markets as they try to deal with an unexpected spike in inflation.
  • The week began with a surprise move on Wall Street to price in a Federal Reserve rate hike of 75 basis points. Chairman Jerome Powell declared himself fully committed to bringing inflation back down, the greatest step by the US central bank since 1994.
  • Switzerland surprisingly boosted rates, while the Bank of England raised rates for the fifth time, this time by 25 basis points, and indicated that it will soon double the rate.
  • The bond market’s reaction to the coordinated removal of stimulus was so ferocious that the European Central Bank called an emergency meeting on Wednesday to address rising yields in some euro-zone countries.

7. Bhagwat Karad: Govt to take additional efforts to reduce inflation if required 

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  • Bhagwat Kishanrao Karad, India’s state minister for finance, stated that the Finance Ministry will take additional efforts to reduce inflation if necessary. Inflation is a worldwide phenomena, and India is better off than other countries.
  • The government is keeping a close eye on inflation and doing everything it can to keep it under control. According to the minister of state, the Russia-Ukraine conflict has had a significant impact on India’s inflation.

To read the complete article: Click Here

8. Piyush Goyal: After several years, India able to win favourable WTO outcome

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  • Despite a strong global campaign against Indian farmers and fishermen, India was able to secure a favourable outcome at the WTO after many years, commerce and industry minister Piyush Goyal told the media after the conclusion of the 12th ministerial conference — the WTO (World Trade Organisation)‘s highest decision-making body .
  • Piyush Goyal described the conference as a ‘outcome-oriented success’, saying the Indian team, led by Prime Minister Narendra Modi, was “100% successful” in expressing the top concerns for India and the developing nations to the world.

To read the complete article: Click Here

Bankings News

9. RBI raises limit of e-mandates for transactions up to Rs 15,000 

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  • The Reserve Bank of India (RBI) has raised the Additional Factor of Authentication (AFA) limit from Rs 5,000 to Rs 15,000 per transaction for e-mandates on cards, Prepaid Payment Instruments (PPIs) and Unified Payments Interface (UPI) for recurring transactions.
  • It implies, additional authentication will not be need for payment of Rs 15,000 per transaction.
  • The Reserve Bank of India (RBI) has, over the past decade, put in place various safety and security measures for card payments, including the requirement of AFA, especially for ‘card-not-present’ transactions.

10. Canara HSBC Life rebrands due to PNB exit 

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  • Canara HSBC OBC Life has renamed itself as Canara HSBC Life following its third partner Punjab National Bank’s (PNB’s) decision to exit.
  • PNB had acquired a stake in the company following the amalgamation of Oriental Bank of Commerce (OBC).
  • Currently, Canara Bank holds 51% in the insurance arm, HSBC holds 26% and PNB 23%. Following PNB’s decision to exit, the stake is likely to be acquired by existing shareholders.

Schemes News

11. Govt establishes 10% quota for Agniveers, alters upper age limit 

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  • Following widespread opposition to the Agnipath plan, the Centre announced a 10% reservation for Agniveers in the Central Armed Police Forces (CAPF) and Assam Rifles recruitment.
  • The Ministry of Home Affairs also decided to grant a three-year age relaxation to Agniveers in the CAPFs and Assam Rifles who are between the ages of 17.5 and 21. Notably, the initial class of recruits will be given a five-year extension on the maximum age limit.
  • The Agnipath short-term recruitment strategy for the armed forces was previously announced by the Centre. The plan, which is intended to be a reformative step, attempts to infuse more fresh blood into the three services.

Important Days

12. International Day for Countering Hate Speech: 18 June 

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  • International Day for Countering Hate Speech falls on June 18. According to the UN, hate speech is any kind of speech or writing that attacks or discriminates against a person or a group based on religion, ethnicity, nationality, race, color, descent, gender, or any other identity factor.
  • Speech should not be a weapon for creating more mayhem in this volatile world; thus, the International Day for Countering Hate Speech will help to stop hate-mongering.

13. International Picnic Day 2022: 18th June 

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  • International Picnic Day is celebrated annually on 18 June. On this day, people spend time with their loved ones and go for picnics to get a break from their monotonous everyday routine.
  • A picnic is a very good way to not only spend some quality time but also explore new feast spots. The word “picnic” probably gets its origins from the French language, specifically from the word “pique-nique”.
  • It is believed that this type of informal outdoor meal became a popular pastime in France after the French Revolution in the mid-1800s when it was possible again to get out into the country’s royal parks.

14. Sustainable Gastronomy Day 2022 observed on 18 June 

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  • Every year, the world observes Sustainable Gastronomy Day on 18 June. The objective of this day is to recognise the practices associated with sustainable food consumption, especially with the art of collecting and preparing the food we eat.
  • To make this day a memorable one, the organisations work in collaboration with global and regional bodies to observe the day.
  • The day was recognised on 21 December 2016 after the United Nations General Assembly (UNGA) adopted the resolution A/RES/71/246, and declared 18 June as Sustainable Gastronomy Day.
  • Every year, UNGA, Food and Agriculture Organization (FAO), and United Nations Educational, Scientific and Cultural Organization (UNESCO) work together to ensure that the day is celebrated properly around the world.

Miscellaneous News

15. World’s biggest plant discovered off Australian coast 

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  • The world’s largest living plant has been identified in the shallow waters off the coast of Western Australia.
  • The sprawling seagrass, a marine flowering plant known as Posidonia australis, stretches for more than 112 miles (180 kilometers) in Shark Bay, a wilderness area protected as a World Heritage site.
  • Using genetic testing, scientists have determined a large underwater meadow in Western Australia is in fact one plant. It is believed to have spread from a single seed over at least 4,500 years. The seagrass covers about 200 sq km.

Important takeaways for all competitive exams:

  • Australia Prime minister: Anthony Albanese;
  • Australia Capital: Canberra;
  • Australia Currency: Australian dollar.

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18th  June | Current Affairs 2022 | Current Affairs Today | Current Affairs by Ashish Gautam

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