‘JUNE 27 CURRENT AFFAIRS’
‘JUNE 27 CURRENT AFFAIRS’
‘JUNE 27 CURRENT AFFAIRS’
Exam Rewards presents you with daily current affairs updates that are invaluable for all your exam preparations. Today’s highlights include:
1. India's economic growth is expected to surpass 7% in the fiscal year 2024-25, potentially reaching 7.5%, driven by robust high-frequency indicators that suggest a resilient economy. According to the latest monthly economic review published by the National Council of Applied Economic Research (NCEAR), the country's growth momentum remains strong.
2. The Defence Research and Development Organisation (DRDO) formally transferred the Medium Range-Microwave Obscurant Chaff Rocket (MR-MOCR) to the Indian Navy during a ceremony in New Delhi. This cutting-edge rocket is designed to generate a microwave obscurant cloud in space, providing a robust defence mechanism against threats that rely on radio frequency seekers.
3. According to Ranjana Khanna, Director General and CEO of the American Chamber of Commerce in India (Amcham), India's defence exports to the United States have witnessed a significant surge, with the US market now accounting for more than half of India's total defence exports. Over the past five years, these exports have crossed the $2.8 billion mark, underscoring the growing defence partnership between the two nations.
4. The Union Territory of Ladakh has made a significant stride in education, achieving 100% functional literacy under the ULLAS-Nav Bharat Saaksharta Karyakram, according to the Union Ministry of Education. With an impressive literacy rate of over 97%, Ladakh has set a new benchmark. Lieutenant Governor Dr. B.D Mishra celebrated this achievement on June 25, 2024, at a special event held at the Sindhu Sanskritik Kendra (SSK) in Leh, marking a major milestone in the region's educational journey.
5. Garden Reach Shipbuilders & Engineers (GRSE) Ltd. has received the prestigious 'Sustainable Governance Champion Award' at the Outlook Planet Sustainability Summit & Awards 2024, in recognition of its steadfast dedication to environmentally responsible practices and exceptional governance standards. This esteemed accolade underscores GRSE's relentless pursuit of sustainability and its commitment to setting a high benchmark for corporate governance.
6. ICICI Bank has achieved a significant milestone, with its market capitalization surpassing the $100 billion threshold on June 25, 2024. This feat makes it the sixth Indian company to join the elite club of firms with a market value exceeding $100 billion. The private sector lender now ranks alongside industry giants such as Reliance Industries, Tata Consultancy Services, HDFC Bank, and Bharti Airtel, which have also achieved this remarkable benchmark.
7. In a landmark decision, the Madhya Pradesh cabinet, chaired by Chief Minister Mohan Yadav, resolved on June 25, 2024, to shift the responsibility of paying income tax on salaries and allowances from the state government to individual ministers. This move reverses a four-decade-old practice, dating back to 1972, where the state bore the tax liability. The cabinet's unanimous approval, secured during a meeting in Bhopal, signals a significant shift in the state's approach to ministerial compensation
