{"id":179664,"date":"2024-06-05T17:47:42","date_gmt":"2024-06-05T12:17:42","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=179664"},"modified":"2026-02-27T16:26:37","modified_gmt":"2026-02-27T10:56:37","slug":"5-june-2024-current-affairs","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/","title":{"rendered":"5 June 2024 Current Affairs in English"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#Todays_Current_Affairs_%E2%80%93_5_June_2024\" >Today&#8217;s Current Affairs &#8211; 5 June 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#5th_June_Daily_Current_Affairs_2024\" >5th June Daily Current Affairs 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#World_Environment_Day_2024\" >World Environment Day 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#International_Day_for_the_Fight_against_Illegal_Unreported_and_Unregulated_Fishing_2024\" >International Day for the Fight against Illegal, Unreported and Unregulated Fishing 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#Volvo_to_issue_worlds_first_EV_battery_passport_ahead_of_EU_rules\" >Volvo to issue world&#8217;s first EV battery passport ahead of EU rules<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#School_Education_Department_Signs_MoU_With_National_Book_Trust\" >School Education Department Signs MoU With National Book Trust<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#MoD_inks_MoUs_with_four_banks_to_onboard_them_as_SPARSH_Service_Centres_across_1128_branches_across_India\" >MoD inks MoUs with four banks to onboard them as SPARSH Service Centres across 1,128 branches across India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#NPCI_International_signs_partnership_with_Reserve_Bank_of_Peru_to_enable_UPI_payments\" >NPCI International signs partnership with Reserve Bank of Peru to enable UPI payments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#South_Korea_Establishes_National_Space_Agency_KASA\" >South Korea Establishes National Space Agency, KASA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#Kedar_Jadhav_announces_retirement_from_all_forms_of_cricket\" >Kedar Jadhav announces retirement from all forms of cricket<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#Cashfree_Payments_appoints_Abhaya_Hota_as_Independent_Director\" >Cashfree Payments appoints Abhaya Hota as Independent Director<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#DoT_Launches_Initiative_To_Support_MSMEs_Along_With_Startups_In_Industry_40_Transformation\" >DoT Launches Initiative To Support MSMEs Along With Startups In Industry 4.0 Transformation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#The_Netherlands_emerges_as_Indias_3rd_largest_export_destination_in_2023-24\" >The Netherlands emerges as India&#8217;s 3rd largest export destination in 2023-24<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#Tata_Motors_Fin_to_merge_with_Tata_Capital_via_NCLT_scheme_of_arrangement\" >Tata Motors Fin to merge with Tata Capital via NCLT scheme of arrangement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#Arka_Fincap_gets_IRDAIs_Corporate_Agency_License_to_offer_Insurance_Solutions\" >Arka Fincap gets IRDAI\u2019s Corporate Agency License to offer Insurance Solutions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.oliveboard.in\/blog\/5-june-2024-current-affairs\/#PNB_Board_approves_10_stake_dilution_via_IPO_in_Canara_HSBC_Life_Insurance\" >PNB Board approves 10% stake dilution via IPO in Canara HSBC Life Insurance<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/www.oliveboard.in\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/www.oliveboard.in\/blog\/category\/preparation-resources\/\">Prep Resources<\/a><\/span> \u00bb <span><a href=\"https:\/\/www.oliveboard.in\/blog\/category\/preparation-resources\/current-affairs\/\">Current Affairs<\/a><\/span> \u00bb <span><a href=\"https:\/\/www.oliveboard.in\/blog\/category\/preparation-resources\/current-affairs\/june\/\">June<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>5 June 2024 Current Affairs<\/strong><\/span><\/span><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"ftoc-heading-1\"><span class=\"ez-toc-section\" id=\"Todays_Current_Affairs_%E2%80%93_5_June_2024\"><\/span>Today&#8217;s Current Affairs &#8211; 5 June 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>5 June 2024 Current Affairs refers to the latest news and events happening worldwide and are relevant to our daily lives. Staying updated with the 5 June 2024 Current Affairs is essential for students who are preparing for exams, especially competitive exams, as it forms an important part of the syllabus. The importance of the 5 June Current Affairs 2024 lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"ftoc-heading-2\"><span class=\"ez-toc-section\" id=\"5th_June_Daily_Current_Affairs_2024\"><\/span>5th June Daily Current Affairs 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>5 June 2024 Current Affairs also provides students with insights into issues such as politics, economics, and social issues that are important for their overall development as informed citizens. Regularly reading and analyzing the 5 June 2024 Current Affairs not only helps students ace their exams but also prepares them for their future roles as responsible and well-informed citizens of society.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/daily-current-affairs\/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here to Read Daily Current Affairs 2024<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"ftoc-heading-1\"><span class=\"ez-toc-section\" id=\"World_Environment_Day_2024\"><\/span>World Environment Day 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2023\/12\/World-Environment-Day-2024.webp\" alt=\"World Environment Day 2024\" class=\"wp-image-155941\"\/><\/figure>\n\n\n\n<p>World Environment Day on June 5th issues an urgent call to action \u2013 urging all individuals to safeguard our natural habitats. Behind staggering facts lies a harsh reality \u2013 over 7 million people die annually from air pollution, predominantly in Asia-Pacific. This day fuels global activism addressing issues from littering to climate change, serving as a pivotal outreach platform.<\/p>\n\n\n\n<p>The theme selected for World Environment Day in 2024 is&nbsp;<strong>\u201cLand restoration, desertification, and drought resilience\u201d<\/strong>. <a href=\"https:\/\/www.oliveboard.in\/blog\/world-environment-day-2024\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read the complete article here.<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"International_Day_for_the_Fight_against_Illegal_Unreported_and_Unregulated_Fishing_2024\"><\/span>International Day for the Fight against Illegal, Unreported and Unregulated Fishing 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To address the issue of illegal, unreported, and unregulated (IUU) fishing activities, the <a href=\"https:\/\/www.oliveboard.in\/blog\/united-nations-day-or-un-day\/\" target=\"_blank\" rel=\"noreferrer noopener\">UN<\/a> General Assembly (UNGA) declared 5 June as the International Day for the Fight Against Illegal, Unreported, and Unregulated Fishing. The UN first declared it in 2018.<\/p>\n\n\n\n<p>The day is the opportunity to draw attention to the threats posed by IUU fishing activities to the sustainable use of fisheries resources as well as to ongoing efforts to fight these activities.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/weekly-current-affairs\/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here to Read Weekly Current Affairs 2024<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Volvo_to_issue_worlds_first_EV_battery_passport_ahead_of_EU_rules\"><\/span>Volvo to issue world&#8217;s first EV battery passport ahead of EU rules<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Volvo Cars is launching the <strong>world&#8217;s first EV battery passport<\/strong> recording the origins of raw materials, components, recycled content, and carbon footprint for its flagship EX90 SUV, which is about to start production. The passport was developed by Volvo (VOLCARb.ST) which is owned by China&#8217;s Geely (GEELY.UL), in partnership with UK startup Circulor.<\/p>\n\n\n\n<p>Battery passports will be mandatory for electric vehicles (EVs) sold in the European Union from February 2027 showing the composition of batteries, including the origin of key materials, their carbon footprint, and recycled content.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"School_Education_Department_Signs_MoU_With_National_Book_Trust\"><\/span>School Education Department Signs MoU With National Book Trust<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Department of School Education signed an MoU with the National Book Trust in New Delhi to create an <strong>institutional framework for the Digital Library Platform<\/strong>, <strong>Rashtriya e-Pustakalaya<\/strong>. The Rashtriya e-Pustakalaya will be available round-the-clock, irrespective of respective of the geographic location of the readers, making the books more accessible to them.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MoD_inks_MoUs_with_four_banks_to_onboard_them_as_SPARSH_Service_Centres_across_1128_branches_across_India\"><\/span>MoD inks MoUs with four banks to onboard them as SPARSH Service Centres across 1,128 branches across India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Defence Accounts Department (DAD), Ministry of Defence has signed Memoranda of Understanding (MoUs) with the Bank of India, Canara Bank, Central Bank of India, and Utkarsh Small Finance Bank in New Delhi to onboard them as <strong>SPARSH [System for Pension Administration (Raksha)] Service Centres<\/strong> across 1,128 branches of the four banks across the country.<\/p>\n\n\n\n<p>With these MoUs, SPARSH Services would now be available at over 26,000 branches of a total of 15 banks across the country. This is in addition to 199 dedicated service centers of DAD, and more than 3.75 lakh Common Service Centers across the country. SPARSH is an initiative of the Ministry of Defence that aims to provide comprehensive solutions to defense pensioners.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NPCI_International_signs_partnership_with_Reserve_Bank_of_Peru_to_enable_UPI_payments\"><\/span>NPCI International signs partnership with Reserve Bank of Peru to enable UPI payments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>NPCI International Payments Ltd (NIPL) and the Reserve Bank of Peru have announced a partnership to enable a <strong>UPI-like real-time payment system<\/strong> in the Latin American country. This collaboration marks a significant milestone, making Peru the first country in South America to adopt the globally renowned <a href=\"https:\/\/www.oliveboard.in\/blog\/upi-full-form\/\" target=\"_blank\" rel=\"noreferrer noopener\">Unified Payment Interface (UPI)<\/a> technology, NIPL said in a statement.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/monthly-current-affairs\/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here to Read Monthly Current Affairs 2024<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"South_Korea_Establishes_National_Space_Agency_KASA\"><\/span>South Korea Establishes National Space Agency, KASA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>South Korea has officially launched its space agency, the <strong>Korea Aerospace Administration (KASA)<\/strong>, to lead policy and industrial development in its aerospace sector. The establishment was made possible after the Country\u2019s national assembly passed a special law in January to unify government organizations in charge of space policy and projects.<\/p>\n\n\n\n<p>South Korea plans to make a Mars landing by 2045 and spend 100 trillion won ($72.6 billion) until then on space exploration. South Korea became the seventh country to own an indigenous space launch vehicle and satellite development technology with the launch of the Nuri rocket in May last year that put a commercial-grade satellite in orbit.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kedar_Jadhav_announces_retirement_from_all_forms_of_cricket\"><\/span>Kedar Jadhav announces retirement from all forms of cricket<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Kedar Jadhav has announced his retirement from all forms of cricket at the age of 39. Jadhav played 73 ODIs and nine T20Is for India after making his international debut in 2014. Initially a part of the Royal Challengers Bengaluru development squad, he was drafted in by the Delhi franchise in 2010. He has represented Kochi Tuskers, RCB, Chennai Super Kings, and SRH in <a href=\"https:\/\/www.oliveboard.in\/blog\/ipl-winners-list\/\" target=\"_blank\" rel=\"noreferrer noopener\">IPL<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cashfree_Payments_appoints_Abhaya_Hota_as_Independent_Director\"><\/span>Cashfree Payments appoints Abhaya Hota as Independent Director<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Payments and API banking company Cashfree Payments has announced the appointment of former <strong><a href=\"https:\/\/www.oliveboard.in\/blog\/npci-full-form-all-you-need-to-know-about-npci\/\" target=\"_blank\" rel=\"noreferrer noopener\">NPCI<\/a> MD &amp; CEO Abhaya Hota<\/strong> as an Independent Director of the company. He was the Managing Director &amp; CEO of the <a href=\"https:\/\/www.oliveboard.in\/blog\/npci-full-form-all-you-need-to-know-about-npci\/\" target=\"_blank\" rel=\"noreferrer noopener\">National Payments Corporation of India<\/a>, where he played a critical role in the design, development, and implementation of payment systems and policies in India.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"DoT_Launches_Initiative_To_Support_MSMEs_Along_With_Startups_In_Industry_40_Transformation\"><\/span>DoT Launches Initiative To Support MSMEs Along With Startups In Industry 4.0 Transformation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Department of Telecommunications (DoT) has launched an initiative to support Micro, Small, and Medium Enterprises along with <strong>Startups in Industry 4.0 transformation<\/strong>. It has called for proposals for an <strong>\u201cIndustry 4.0 Baseline Survey among MSMEs\u201d<\/strong> that aligns with the broader vision of fostering digital transformation and preparing industries for the advent of 5G and 6G technologies.<\/p>\n\n\n\n<p>The survey will seek to cover five sectors each in the North and Southern parts of India. The Department said that the key recommendations will form the platform for policy interventions to achieve the transformative adoption of Industry 4.0. Organizations and Startups are invited to submit proposals by 11 June to participate in this survey.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/monthly-current-affairs-for-ssc\/\" target=\"_blank\" rel=\"noreferrer noopener\">Click Here to Read <strong>Monthly<\/strong> SSC Current Affairs 2024<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Netherlands_emerges_as_Indias_3rd_largest_export_destination_in_2023-24\"><\/span>The Netherlands emerges as India&#8217;s 3rd largest export destination in 2023-24<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Netherlands has emerged as <strong>India&#8217;s third largest export destination<\/strong> after the US and UAE during 2023-24, even as the country&#8217;s merchandise shipments dipped by over 3%, according to the commerce ministry data.<\/p>\n\n\n\n<p>The main commodities which registered healthy export growth in the Netherlands include petroleum products, electrical goods, chemicals, and pharma.<\/p>\n\n\n\n<p>India&#8217;s trade surplus with the Netherlands has increased to $17.4 billion in the last fiscal from $13 billion in 2022-23.<\/p>\n\n\n\n<p>The Netherlands has taken over major destinations such as the UK, Hong Kong, Bangladesh, and Germany. India&#8217;s exports to the Netherlands rose by about 3.5% to $22.36 billion in 2023-24 as against $21.61 billion in 2022-23.<\/p>\n\n\n\n<p>In 2023-24, the bilateral trade between the two countries marginally dipped to $27.34 billion as against $27.58 billion in 2022-23.<\/p>\n\n\n\n<p>The Netherlands is among the top trading partners of India in Europe, after Germany, Switzerland, the UK, and Belgium.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tata_Motors_Fin_to_merge_with_Tata_Capital_via_NCLT_scheme_of_arrangement\"><\/span>Tata Motors Fin to merge with Tata Capital via NCLT scheme of arrangement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The boards of Tata Motors, Tata Capital, and Tata Motors Finance have approved a merger of Tata Motors Fin with Tata Capital through an NCLT, scheme of arrangement. Tata Capital (TCL) will issue its equity shares to the shareholders of Tata Motors Finance (TMFL), resulting in the automobile company effectively holding a 4.7% stake in the merged entity.<\/p>\n\n\n\n<p>Tata Motors will hold the stake indirectly through its 100% subsidiary TMF Holdings Limited, an <a href=\"https:\/\/www.oliveboard.in\/blog\/rbi-grade-b-2024-exam-overview\/\" target=\"_blank\" rel=\"noreferrer noopener\">RBI (Reserve Bank of India)<\/a> registered non-banking finance company-core investment company (NBFC-CIC). The merger is subject to approval from the market and banking regulator, and also the <a href=\"https:\/\/www.oliveboard.in\/blog\/nclt-clears-10-billion-mega-merger-between-zee-and-sony\/\" target=\"_blank\" rel=\"noreferrer noopener\">National Company Law Tribunal<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Arka_Fincap_gets_IRDAIs_Corporate_Agency_License_to_offer_Insurance_Solutions\"><\/span>Arka Fincap gets IRDAI\u2019s Corporate Agency License to offer Insurance Solutions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Arka Fincap Limited, an NBFC and subsidiary of Kirloskar Oil Engines Limited (KOEL), has been given a Certificate of Registration to function as a Corporate Agent (composite) by India\u2019s <a href=\"https:\/\/www.oliveboard.in\/blog\/irdai-assistant-manager-notification\/\" target=\"_blank\" rel=\"noreferrer noopener\">IRDAI<\/a>. This registration allows Arka to expand into insurance distribution, adding to its existing financial solutions portfolio to meet consumers&#8217; diverse needs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"PNB_Board_approves_10_stake_dilution_via_IPO_in_Canara_HSBC_Life_Insurance\"><\/span>PNB Board approves 10% stake dilution via IPO in Canara HSBC Life Insurance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Punjab National Bank&#8217;s board has approved the initiation of the process for divesting 10% shareholding in its associate company Canara HSBC Life Insurance through an <a href=\"https:\/\/www.oliveboard.in\/blog\/ipo-full-form\/\" target=\"_blank\" rel=\"noreferrer noopener\">initial public offering (IPO)<\/a> route. Currently, PNB holds a 23% stake in Canara HSBC Life Insurance.<\/p>\n\n\n\n<p>According to the exchange filing made, The Board in its meeting has accorded its approval for initiating the process of diluting a 10 percent stake of the Bank in Canara HSBC Life Insurance Company, an associate company of the bank, by listing the company in Stock Exchanges (BSE\/NSE) through Initial Public Offer (IPO). The same shall be subject to regulatory approvals.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-current-affairs\/\" target=\"_blank\" rel=\"noreferrer noopener\">lick Here to Read Monthly Banking Current Affairs 2024<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\"><\/h2>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/www.oliveboard.in\/blog\/oicl-ao-result\/\" aria-label=\"OICL AO Mains Result 2026 Out, Check Phase 2 Merit List\"><img loading=\"lazy\" decoding=\"async\" width=\"128\" height=\"84\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/01\/OICL-AO-Result.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"OICL AO Result\" style=\"\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/oicl-ao-result\/\">OICL AO Mains Result 2026 Out, Check Phase 2 Merit List<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/www.oliveboard.in\/blog\/ssc-gd-reasoning-questions\/\" aria-label=\"100 SSC GD Reasoning Questions 2026, Download PDF, Free E-book inside\"><img loading=\"lazy\" decoding=\"async\" width=\"128\" height=\"84\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/01\/ssc-gd-reasoning-questions.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"\" style=\"\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-gd-reasoning-questions\/\">100 SSC GD Reasoning Questions 2026, Download PDF, Free E-book inside<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/www.oliveboard.in\/blog\/ssc-phase-14-selection-process\/\" aria-label=\"SSC Selection Post Phase 14 Selection Process, Check now\"><img loading=\"lazy\" decoding=\"async\" width=\"128\" height=\"84\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/08\/ssc-phase-14-section-process.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"\" style=\"\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-phase-14-selection-process\/\">SSC Selection Post Phase 14 Selection Process, Check now<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/www.oliveboard.in\/blog\/error-spotting\/\" aria-label=\"Error Spotting in English Types, Short Tricks, and Tips\"><img loading=\"lazy\" decoding=\"async\" width=\"128\" height=\"84\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/08\/error-spotting-questions.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"\" style=\"\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/error-spotting\/\">Error Spotting in English Types, Short Tricks, and Tips<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/www.oliveboard.in\/blog\/ssc-chsl-marks-calculator\/\" aria-label=\"SSC CHSL Marks Calculator 2026, Calculate Tier 1 &amp; 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5 June 2024 5 June 2024 Current Affairs refers to the latest news and events happening<\/p>\n","protected":false},"author":54,"featured_media":179666,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10386,13590],"tags":[15159,15158,77,14696,14953,4652,14695,14947,4711,14949,14948,14952,2417],"class_list":["post-179664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","category-june","tag-5-june-2024-current-affairs","tag-5-june-2024-current-affairs-in-english","tag-current-affairs","tag-current-affairs-2024","tag-current-affairs-today","tag-daily-current-affairs","tag-daily-current-affairs-2024","tag-daily-current-affairs-pdf","tag-latest-current-affairs","tag-today-current-affairs","tag-today-current-affairs-2024","tag-today-current-affairs-pdf","tag-upsc-cse-current-affairs","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 June 2024 Current Affairs in English<\/title>\n<meta name=\"description\" content=\"In this article you will get to know about 5 June 2024 Current Affairs. 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