3 June 2023 : Daily Current Affairs
DAILY CURRENT AFFAIRS
3-June-2023
Daily Current Affairs For UPSC ,Daily Current affairs of The hIndu and Indian Express.
1. IRDAI eyes insurance push in rural areas with ‘Bima Vahak’
Topic: GS2- Government initiative.
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IRDAI (Insurance Regulatory and Development Authority of India) has issued draft guidelines for Bima Vahak, a dedicated distribution channel to improve insurance awareness and penetration in rural areas.
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Bima Vahak will be a field force comprising corporate and individual agents, primarily women, who will serve as the last-mile connect for insurers in every Gram Panchayat.
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The aim of Bima Vahak is to build trust among the locals and distribute and service insurance products.
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Insurers will still be responsible for KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance for policies sourced through Bima Vahaks.
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The initiative is part of the ‘Insurance for all by 2047’ goal and is expected to enhance insurance inclusion and provide comprehensive coverage for financial protection needs in rural areas.
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2. RBI issues draft on cyber safety for PSOs
Topic: GS3 – Indian economy, cyber security.
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The Reserve Bank of India (RBI) has released draft Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators.
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The draft aims to address cybersecurity risks and vulnerabilities in digital payment transactions.
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It covers governance mechanisms for managing cybersecurity risks and specifies baseline security measures for safe and secure digital payments.
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The directions are applicable to authorised non-bank Payment System Operators (PSOs) to ensure their resilience to information systems and cybersecurity risks.
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Stakeholders have been invited to provide feedback on the draft by June 30, 2023.
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3. ‘India needs new skill sets to boost cybersecurity’
Topic: GS3 – Indian economy, cyber security.
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A report by the Data Security Council of India predicts a surge in new roles in the cybersecurity field in India.
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The demand for cybersecurity professionals in India has increased by 54% in the past year.
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However, there is a shortage of individuals with the necessary skill sets in the country.
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Jean-Philippe Courtois, Executive Vice President of Microsoft, emphasizes the need for robust programs and partnerships among stakeholders to address this skill gap.
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4. Telangana has many goals to reach despite becoming strong economy – KCR
Topic: GS1, GS2 – Regional development
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The Chief Minister stated that Telangana has emerged as a strong economic force in the country in just nine years.
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The state has overcome various challenges and is now among the top states in several parameters.
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Telangana’s policies with a human face have become role models for other states.
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The government is committed to fulfilling the aspirations of the people through its manifesto.
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Telangana has witnessed significant progress in per capita income and gross state domestic product (GSDP) in a short period.
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Recent government decisions include financial assistance to artisans’ families, distribution of land pattas to tribal families, and implementation of the KCR nutrition kits scheme.
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The state is going through a golden era of welfare schemes.
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5. Law Commission meets Uttarakhand UCC team
Topic: GS2 – Uniform Civil Code
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Justice Ranjana Prakash Desai (retd) suggests that the Law Commission may be considering working on the issue of Uniform Civil Code (UCC).
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Justice Desai, who heads the committee preparing a draft of the UCC for Uttarakhand, had a meeting with Law Commission chairperson Justice Ritu Raj Awasthi and other members.
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The meeting was described as a courtesy call, where the members of the Uttarakhand UCC panel shared information about the work they have done on the UCC draft in Uttarakhand.
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It is implied that the Law Commission may be interested in the topic of UCC, and the meeting provided an opportunity for exchange of ideas and information.
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6. PM Modi invited to address joint session of Congress in U.S.
Topic: GS2 – International relations.
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Prime Minister Narendra Modi has been invited to address a joint session of the U.S. Congress during his state visit to the U.S.
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The invitation was extended by leaders of the U.S. House of Representatives and the U.S. Senate from both parties.
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The address is scheduled for June 22 and will provide an opportunity for Mr. Modi to share his vision of India’s future and discuss global challenges.
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This will be the second time Prime Minister Modi addresses the U.S. Congress, having previously done so in June 2016.
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The invitation letter highlighted the lasting impression of Mr. Modi’s previous address and emphasized the growing bilateral partnership based on shared values and commitment to global peace and prosperity.
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7. New guidelines for deemed universities are ‘light but tight’, says UGC Chairman.
Topic: GS3 – Education sector
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The Union Education Minister, Dharmendra Pradhan, released new regulations for deemed to be universities in India.
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The aim of the regulations is to promote quality and excellence in higher education, strengthen the research ecosystem, and transform the higher education landscape.
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The new regulations, titled the UGC (Institutions Deemed to be Universities) Regulations, 2023, replace the previous regulations from 2019.
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The regulations facilitate the creation of more quality-focused deemed to be universities in an objective and transparent manner.
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The regulations align with the National Education Policy of 2020 and are described as “light but tight” by UGC Chairman M. Jagadesh Kumar.
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The eligibility criteria for applying for deemed to be university status have been revised and now include factors such as NAAC grading, NIRF ranking, and NBA grading.
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The term “deemed to be universities” will be removed once the Higher Education Commission of India is established through an act of Parliament.
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The UGC’s timely reform efforts were commended by the Union Education Minister.
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For Enquiry
3 June 2023 : Daily Current Affairs
2 June 2023 : PIB
2 June 2023 : The Hindu Editorial
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1 June 2023 : PIB
1 June 2023 : The Hindu Editorial
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