ANSWER: A

 ANSWER: B

 ANSWER: D

 ANSWER: D

• The Reserve Bank of India (RBI) has approved the First Loss Default Guarantee (FLDG) framework, allowing fintech to partner with banks and non-Banking financial companies (NBFCs).

ABOUT FLDG FRAMEWORK

• The First Loss Default Guarantee (FLDG) framework is also known as Default Loss Guarantee (DLG).
• FLDG is a lending model between fintech firms and their partner banks and non-banking finance companies where the initial hit on a default is taken by the fintech firm that originated the loan.
• Under these agreements, the fintech originates a loan and promises to compensate the partners up to a pre-decided percentage in case customers fail to repay.
• The bank or NBFC partners lend through the fintech but from their books.

RBI GUIDELINES

• The RBI, after examining FLDG, permitted the arrangements between banks and fintechs or between two regulated entities (REs).

• The central bank said an RE can enter into DLG arrangements only with an LSP or other REs with which it has entered into an outsourcing (LSP) arrangement.
• The LSP-providing DLG must be incorporated as a company under the Companies Act, 2013.
• The RBI has allowed banks to accept DLG in digital lending only.
• if the guarantee is in the form of a cash deposit, or fixed deposits in a bank with a lien in favour of the RE, or a bank guarantee in favour of the RE.
• Banks and NBFCs should ensure that the total amount of DLG cover on any outstanding portfolio does not exceed 5% of the amount of that loan portfolio.

 ANSWER: C

• The Railway Protection Force (RPF) conducted a successful operation named “Amanat,” resulting in the retrieval of lost or left-behind luggage and valuable articles.
• The operation, carried out in May 2023, saw the RPF recovering belongings belonging to 119 passengers, with an estimated total value of approximately Rs 51.13 lakh.

ABOUT MISSION AMANAT

• It aims to track the lost luggage of the passengers while traveling.
• Through this operation, Indian Railways wants to develop a sense of trust among the passengers and allow them to travel without worrying about the luggage.
• Passenger can easily track their lost luggage through the mission.
• The mission is taken up by the Railway Protection Force (RPF) of Western Railways.
• The passengers will be able to check the details of their lost luggage from the images and photos which will be posted under the web link of the ‘Mission Amanat-RPF’

ABOUT RAILWAY PROTECTION FORCE (RPF)

• The contingent of RPF is an Armed Force of the Union of India. It is a security force under the ownership of Indian Railways, Ministry of Railways.
• It entrusted with protecting railway passengers, passenger area and railway property of the Indian Railways.
• It was established by the Railway Protection Force Act, 1957.
• This is only central armed police force (CAPF, commonly known as Para-Military force) which has power to arrest, investigate and prosecute criminals.

OTHER OPERATIONS BY RPF

• Operation Upalabdh
• Operation AAHT

 ANSWER: B

• Indira Gandhi International Airport (IGI) has introduced a new facility DigiYatra to make travel easier.
• DigiYatra allows passengers to enjoy the benefits without having to download the mobile application.
• The initiative has been launched at Terminal 3 and it simplifies the registration process for the passengers into three steps.
• Passengers can use this facility by scanning the boarding pass and face along with presenting identification proof to the security staff deployed near the registration desk.
• Once registered successfully, passengers will be able to experience seamless travel within the terminal, which includes the security check area and the boarding gates.

ABOUT DIGIYATRA

• DigiYatra is an initiative that uses facial recognition technology to make terminal entry & security clearance at the airport a seamless, hassle-free, and paperless process.
• The platform uses facial recognition technology to verify the identity of flyers.
• It is a decentralised mobile-based ID storage platform where air passengers can save their IDs and travel documents.
• Passengers can use the facility seamlessly, inside the terminal, security check area, and at the boarding gates.
• DigiYatra is a faster, safer, and smoother way of travel.

 ANSWER: B

• The Karnataka government has launched ‘Shakti smart cards’ to Provide free travel to women in state-run buses, starting from June 11.
• The government has already issued a set of guidelines on the ‘Shakti’ scheme, which is one of the major poll promises by the Congress party in Karnataka.
• According to the transport department of Karnataka, women can apply for Shakti smart cards through sevasindhu.karnataka.gov.in from June 11.
• Government buses in Karnataka ferry about 40 lakh women daily.
• The number is expected to rise by 10 percent under the free travel scheme, which will cost the government about Rs 4,700 crore per year.

OTHER SCHEMES LAUNCHED BY KARNATAKA

• ‘Gruha Jyoti’ offering 200 free units of electricity to domestic consumers will be launched from Kalaburagi from July 1.
• ‘Anna Bhagya’ scheme offering 10 kg scheme offering 10 kg free rice or food grain to the BPL families will be launched from Mysuru.
• ‘Gruha Lakshmi’ scheme (Providing monthly financial assistance of Rs.2,000 to the head woman of a house), the Chief Minister said it will be launched on August 16 from the district headquarter town of Belagavi.
• ‘Yuva Nidhi’ scheme offering unemployment allowance of Rs 3,000 to the graduates and Rs 1,500 to the diploma holders, Siddaramaiah said those graduates and diploma holders who passed the exams in 2022-23 will get the allowance for 24 months if they do not get job within six months of passing their exam.

ANSWER: C

• The National Commission for Protection of Child Rights (NCPCR) has launched the “Addiction Free Amrit Kaal” campaign to promote a healthier & addiction-free India.
• The campaign is organized by the NCPCR in partnership with Tobacco Free India, a citizens group.
• The campaign aims to protect children’s rights to have a tobacco and drug-free environment through initiatives, and outreach activities.

ABOUT NCPCR:

• National Commission for Protection of Child Rights (NCPCR was established in March 2007 under an Act of Parliament (December 2005) under the Commission for Protection of Child Rights Act, 2005.
• The commission’s mandate is to ensure that all laws, policies, programs and administrative systems conform to the vision of the rights of the child as enunciated in the Constitution of India as well as the United Nations Convention on the Rights of the Child.
• A child is defined as a person falling in the age group of 0 to 18 years.

 ANSWER: D

• Ministry of Information and Broadcasting has announced the second edition of Antarashtriya Yoga Diwas Media Samman.

KEY HIGHLIGHTS

• Under the Antarashtriya Yoga Diwas Media Samman 2023, 33 Sammans will be given out under 3 categories viz Print, Television and Radio in 22 Indian languages and English.
• Acknowledging the positive role & responsibility of media in disseminating the outreach of Yoga in India and abroad, the Ministry of I&B had instituted the first Antarashtriya Yoga Diwas Media Samman (AYDMS) in June, 2019. The first edition of the awards was conferred on 7th January, 2020.
• The International Day of Yoga has been celebrated annually on 21 June since 2015.
• The idea of International Day of Yoga was first proposed by the Prime Minister of India, Shri Narendra Modi.

 ANSWER: C

• World Day Against Child Labour, observed on June 12th, aims to inspire a global movement against child labour.
• Theme for 2023 is: Social Justice for All. End Child Labour!
• The International Labour Organization (ILO) launched the first World Day Against Child Labour in 2002, as a way to highlight the plight of children engaged in child labour.

INTERNATIONAL LABOUR ORGANIZATION

• The ILO was created in 1919 by the Versailles Peace Treaty.
• After the demise of the League of Nations, it became the first specialized agency associated with the UN.
• Its secretariat is in Geneva, Switzerland.

 ANSWER: C

• Novak Djokovic won his men’s-record 23rd Grand Slam title with a victory over Casper Ruud in French Open Final.

ANSWER: B

• The project and loan agreement of Himachal Pradesh Subtropical Horticulture, Irrigation and Value Addition (HP SHIVA) project has been signed between the Government of India, the Asian Development Bank (ADB) and the state government.
• The Rs 1,292 crore project aims at boosting the cultivation of sub-tropical fruits like orange, guava, pomegranate, etc., in seven districts (Bilaspur, Hamirpur, Kangra, Mandi, Solan, Sirmour and Una), thereby increasing the income of farm households.
• The project is based on ‘Beej Se Bazaar Tak’ concept, linking all activities from pre-production to post harvest management, including value chain development and access to market. The project will expand climate-resilient sub-tropical horticulture plantation area along with assured irrigation and market access through value chain development.
• The project aims at improving the livelihood of at least 15,000 farm households (around 90,000 direct beneficiaries in these households).