22 June 2023 Current Affairs – The Day’s Top News | GKSERIES

Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That’s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post, Daily Current Affairs 22 June 2023, we have tried to cover each and every point and also included all important facts from National/ International news that are useful for upcoming competitive examinations such as UPSC, SSC, Railway, State Govt. etc.

So, here is the Top News of the Day for 22 June 2023 to help you prepare the Latest Current Affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

Current Affairs for Competitive Exam – 22 June 2023

UN Public Service Day 2023: Date, Significance and History

UN Public Service Day 2023

On June 23, we observe United Nations Public Service Day. This particular day is dedicated to recognizing the value of public services and the people who work in them. Public services play an important role in improving and growing our communities. The United Nations also created an awards program called the UN Public Service Awards to recognize and reward the best and most innovative public service projects. This program was updated in 2016 to match the goals of the 2030 Agenda for Sustainable Development. It’s a day that reminds us how valuable public services are and encourages young people to consider careers in this field.

Significance of United Nations Public Service Day

United Nations Public Service Day holds great significance. It is a day set aside to recognise and appreciate the value of public services and the individuals who work in them. Public services play a crucial role in our society by providing essential services to the community, such as healthcare, education, transportation, and public safety.

The day highlights the contribution of public service in the development process. It emphasizes that effective and responsive public administration is essential for the progress and well-being of countries worldwide. By celebrating this day, we acknowledge the hard work and dedication of public servants who strive to make a positive impact on people’s lives.

History of United Nations Public Service Day

The General Assembly designated June 23 as United Nations Public Service Day on December 20, 2002. It encouraged countries to hold special activities on this day to recognise the critical role of government in development. That’s when the UNPSA was created. This organization gives awards to public service institutions that make governments work better and help people more effectively in different countries. The UNPSA also promotes the importance of public service and the people who work in it.

Our communities rely heavily on public service and public servants. When the government offers services to citizens in a certain area, this is referred to as public service. Sometimes the government does the work, and sometimes they hire someone else to do it. For example, the police and fire department are run by the government, but trash pickup might be done by a different company that the government pays.

Public servants don’t just have a job—they want to make a positive difference in people’s lives. They think about others first because they want to give back to the community. Being a public servant means working hard and being dedicated to helping citizens. Public servants work in different jobs and government departments, but they all have the same values guiding their work. One important value is integrity, which means being honest and trustworthy. When public servants do a good job, it helps people trust the government more.

Gruha Jyothi Scheme 2023, Benefits And Eligibility

Why the Scheme is in News? 

The Karnataka government has introduced the Gruha Jyothi Scheme, which aims to provide inexpensive homes to the state’s underprivileged and middle-class families. The scheme is a part of the state’s ambitious “Housing for All” plan and aims to provide housing to nearly 4.5 lakh families in the next five years.

Introduction

Under the Gruha Jyothi Scheme, the Karnataka Government will provide financial assistance of up to Rs. 2.5 lakh to eligible beneficiaries for the construction of their own houses. The government would also grant interest rate rebates for loans taken out for house development.

About Gruha Jyothi Scheme

The scheme is open to all residents of Karnataka who do not own a house in their name or on the name of any of their family members. The financial assistance will be available to both individual households and to groups of families who are interested in building homes in the same locality.

Key Features

● The Gruha Jyothi Scheme was created with the urban poor in mind, who struggle to purchase homes due to a dearth of affordable housing.

● The scheme is expected to bring about a significant change in the lives of these families and improve their standard of living.

● The Karnataka government has set out Rs. 2,288 crores for the Gruha Jyothi Scheme’s implementation.

● Karnataka Government hopes that the scheme will be able to address the state’s housing shortage, particularly in urban areas.

Gruha Jyothi Scheme: Vision

The scheme has received a positive response from the beneficiaries, and the government is optimistic that it will be able to achieve its objectives within the stipulated time.

IOC Awards Olympic Order To Who Director-General Tedros Ghebreyesus

The International Olympic Committee (IOC) awarded Dr. Tedros Ghebreyesus, the Director-General of the World Health Organization (WHO), with the Olympic Order. This recognition was given to Dr. Tedros for his inspiring efforts in making the Olympic Games Tokyo 2020 happen, even amidst the challenges posed by the Covid-19 pandemic. The presentation of the Olympic Order took place at the Olympic House and was done by the President of the IOC, Thomas Bach.

In addition, President Bach extended an invitation to Dr. Tedros to be a distinguished guest of honor at the Olympic Games Paris 2024. This invitation signifies the high regard and respect the IOC has for Dr. Tedros and his significant contributions.

Overview of the news

• Dr. Tedros earned this prestigious award in recognition of his invaluable assistance in strengthening cooperation between the IOC and the WHO. Their partnership agreement, agreed in 2020, was critical to the successful organisation of the Olympic Games. The Olympic Order serves as a token of appreciation for Dr. Tedros’ instrumental role and dedication in making the Tokyo 2020 Olympics a reality despite the difficult circumstances posed by the pandemic.
• In addition, the International Olympic Committee (IOC) awarded the World Health Organization (WHO) with the Olympic Cup for 2021. This honor was given to recognize the collaborative efforts between the IOC and WHO in promoting healthier communities through sport. The IOC and WHO have collaborated on a number of cooperative initiatives and programmes, the most recent of which being the Let’s Move campaign for this year’s Olympic Day.

About the Let’s Move campaign

The Let’s Move campaign focuses on the importance of being physically active and highlights the benefits of regular exercise. It aligns with the IOC’s Olympism365 strategy, which aims to increase access to sports opportunities and bring the health and societal advantages of physical activity to communities worldwide.

By presenting the Olympic Cup to the WHO, the IOC acknowledges and appreciates their partnership in promoting well-being through sport. This honour highlights the shared commitment to promoting healthier lifestyles and disseminating the benefits of physical activity to individuals all around the world.

A special honour for WHO

Furthermore, during the ceremony, President Bach bestowed the Olympic Cup upon the WHO as a special honor. This prestigious award recognizes the WHO’s exceptional efforts and significant role in ensuring the success of the Olympic and Paralympic Games Tokyo 2020. The IOC and WHO have collaborated to emphasise the value of sports for both physical and mental well-being. The Olympic Cup holds great significance as it was established in 1906 by Pierre de Coubertin, the founder of the IOC. It is the highest distinction that an organization can receive for its demonstrated commitment to promoting the ideals of the Olympic Movement.

This recognition and invitation highlight the strong partnership between the IOC and the WHO, emphasizing the shared values and commitment to fostering the positive impact of sports on individuals and communities.

Important takeaways for all competitive exams:

• International Olympic Committee Headquarters: Lausanne, Switzerland;
• International Olympic Committee President: Thomas Bach;
• International Olympic Committee Founded: 23 June 1894, Paris, France;
• International Olympic Committee Director General: Christophe De Kepper;
• International Olympic Committee Founders: Pierre de Coubertin, D. Bikélas.

Union Bank Unveils 4 New Deposit Options For Women, Retirees, And Co-Ops

Union Bank of India has launched four specialty bank accounts for various segments of the population, including women, women entrepreneurs and professionals, elderly, and cooperative housing organisations.

Key Points:

• Union Unnati, the first account, is a current account developed particularly for women entrepreneurs and professionals, including free cancer care coverage, personal accident coverage, loan interest rate discounts, retail loan processing charges, and minimal service fees.
• Another account that targets women is the Union Samriddhi, which empowers women through a safe and convenient savings and financial management outlet, offering the same benefits as Union Unnati.
• The Union Samman, on the other hand, is a savings account for pensioners that includes door-to-door banking, personal accident coverage, loan interest rate and processing fee discounts, and free health check-ups.
• Lastly, Union SBCHS recognises the importance of cooperative housing societies, providing discounts in loan processing fees for purchasing solar lights, elevators, and other machinery, as well as concessional rates for home, vehicle, and education loans for society and flat owners.

Important Takeaways For All Competitive Exams:

• CEO of Union Bank of India: A. Manimekhalai
• Chairman of Union Bank of India: Shri Srinivasan Varadaraja
• Union Bank of India founded in: 11th November 1919

Finland Parliament Elects Petteri Orpo As Country’s New PM

Petteri Orpo, the leader of Finland’s conservative party, has been voted prime minister by the country’s parliament. Orpo will lead a coalition government of four parties, including the far-right Finns Party, which plans to impose harsh immigration controls. With 107 members in favour, 81 opposed, and 11 absent, the parliament expressed its support for Orpo, who emerged victorious in the April elections. His victory initiated negotiations for a coalition government, which have been ongoing since then.

President Sauli Niinisto is set to officially appoint Petteri Orpo as the new prime minister, replacing Sanna Marin, whose Social Democrats came in third place in the elections, behind Orpo’s National Coalition Party (NCP) and the Finns Party.

All About the Finland

• Finland is a Nordic country located in Northern Europe. It is bounded on the west by Sweden, on the north by Norway, on the east by Russia, and on the south by the Gulf of Bothnia and the Gulf of Finland. Finland has a population of 5.5 million people and an area of 338,455 square kilometres (130,678 square miles). Helsinki is the capital and largest city.
• The official languages of Finland are Finnish and Swedish. Finnish is the native language of about 90% of the population, while Swedish is the native language of about 5%. The other 5% of the population speak other languages, such as Russian, Estonian, or Sami.
• Finland has a long and rich history. The first humans arrived in Finland about 10,000 years ago. The first permanent settlements were established in the 1st millennium AD. From the 13th century until 1809, Finland was controlled by Sweden before becoming an autonomous Grand Duchy of the Russian Empire. Finland declared independence in 1917.
• Finland is a parliamentary democracy. The head of state is the president, who is elected for a six-year term. The prime minister is the head of government. The current president is Sauli Niinistö and the current prime minister is Sanna Marin.
• Finland is a member of the European Union, the United Nations, and the Nordic Council. It is also a founding member of the Organization for Security and Co-operation in Europe (OSCE).
• Finland is a prosperous country with a high standard of living. The economy is based on manufacturing, forestry, and services. Finland is a leading exporter of paper, machinery, and electronics.
• Finland is a popular tourist destination. The country is well-known for its stunning natural environment, which includes woods, lakes, and mountains. The Northern Lights can also be seen in Finland throughout the winter.

Here are some other interesting facts about Finland:

• Finland is the world’s happiest country.
• Finland has the most saunas per capita in the world.
• Finland is the home of Santa Claus.
• Finland has a long history of education and literacy.
• Finland is a leader in environmental protection.

International Joint Peacekeeping Exercise Ex Khaan Quest 2023

In Mongolia, the Indian Army will participate in the international joint peacekeeping exercise Ex Khan Quest 2023.

The exercise was inaugurated by the President of Mongolia, Ukhnaagiin Khurelsukh. The international joint peacekeeping exercise Ex Khan Quest 2023 will be held for 14 days and aims to improve the interoperability of the participating countries, share experience and train uniformed personnel for United Nations peacekeeping operations.

Reliance Emerges As Most Valuable Private Company In India

As per Hurun India’s 2022 Burgundy Private Hurun India 500 list, Mukesh Ambani’s Reliance Industries Ltd is the most valuable private company in India, with a whopping value of Rs 16.4 lakh crore.

TCS with Rs 11.8 lakh crore ranked second in India, followed by HDFC Bank with Rs 9.4 lakh crore.

The value of Reliance decreased by 5.1% in the last six months, while the total value of TCS increased marginally by 0.7% and HDFC Bank increased by 12.9%.

Reliance Industries Tops the List:

In the latest Hurun India rankings, Reliance Industries Limited has emerged as India’s most valuable company among the top 500. With a valuation of Rs 16.3 lakh crore, Reliance Industries has surpassed other industry giants. This demonstrates Mukesh Ambani’s company’s sustained development and strong market position.

Adani Group’s Value Plummets:

In stark contrast, the Adani Group faced a substantial decline in the combined value of its companies. Triggered by a scathing Hindenburg report, eight companies within the Adani Group experienced a staggering 52% decrease in their value. This equates to a loss of Rs 10,25,955 crore, compared to a 6% fall among the top 500 corporations during the same time.

Reliance Industries’ Performance:

Although Reliance Industries faced a marginal decrease of 5.1% or Rs 87,731 crore in value, it remained resilient amid challenging market conditions. This highlights the company’s ability to navigate economic fluctuations and sustain its position as India’s most valuable private sector entity.

Implications and Market Performance:

The overall value of the top 500 companies in India decreased marginally by 6.4% from Rs 227 lakh crore to Rs 212 lakh crore during the evaluated period. This decline can be attributed to global inflationary pressures and the impact of the Russia-Ukraine war. The report suggests that the Burgundy Private Hurun India 500 companies underperformed major indices such as the Sensex and NASDAQ during this period.

IndiGo Bags World Aviation Awards 2023

IndiGo has won a top award as the Best Low-Cost Airline in India and South Asia at the prestigious 2023 Skytrax World Airline Awards, held at the Paris Air Show.

It is the thirteenth time that IndiGo has won this award as the Best Low-Cost Airline in India and South Asia.

Recently, IndiGo has placed a firm order for 500 Airbus A320 Family aircraft, which will provide IndiGo with a further steady stream of deliveries between 2030 and 2035.

NHAI launches ‘KNOWLEDGE SHARING PLATFORM’

National Highways Authority of India has launched a ‘Knowledge Sharing’ platform.

This platform will help the authority to join hands with experts and citizens who want to share knowledge and insights related to topics such as road design, environmental sustainability, and related fields.

Aim: To encourage sharing of best practices from around the world

This platform will also contribute towards the holistic development of NH infrastructure in the country.

Tata Power Becomes Most Attractive Employer Brand; Amazon Follows: Report

According to the most recent Randstad Employer Brand Research (REBR) 2023, Tata Power Company is India’s most appealing employer brand, closely followed by Amazon and Tata Steel. Tata Power, which was ranked ninth in the previous year’s survey, has risen significantly. Additionally, the report highlights the preferences and expectations of the Indian workforce when choosing an employer, with work-life balance, good reputation, and attractive salary and benefits being the key drivers.

The Importance of Work-Life Balance:

One of the primary factors influencing the choice of an employer is work-life balance. According to the REBR 2023, the importance of work-life balance has increased marginally over the years. This is especially important for women, who prioritise work-life balance more than males. In fact, 49 percent of the respondents mentioned that they are willing to resign or have already resigned from their current job to improve their work-life balance.

Supplemental Income and Second Jobs:

The report highlights an interesting trend among employees, with 91 percent agreeing that an employer becomes more attractive if they are allowed to take up additional jobs or assignments for supplemental income. This sentiment is stronger among women (92 percent) compared to men (89 percent), indicating the prevailing gender pay gap. Notably, the desire to take up a second job is highest among employees aged 25-34 and gradually declines with age.

Changing Expectations and Long-Term Career Progression:

According to Viswanath P.S, MD & CEO of Randstad India, changing times lead to shifting expectations among the talent community. Employees’ long-term career growth and job happiness are becoming increasingly crucial. Organizations worldwide are recognizing the pivotal role of people in driving business success. Employees seek not only job stability but also non-material benefits associated with being part of an employer brand. This includes identifying a clear purpose at work, which plays a crucial role in attracting and retaining talent.