Current Affairs Quiz - June, 2020

Notes:
G7 is an association of seven of the world’s largest economies namely the US, UK, France, Germany, Italy, Canada and Japan. Previously it included Russia and was called the G-8.
The 47th G7 summit was originally scheduled to be held in the month of June 2020, at Camp David, United States. The US President Donald Trump recently announced that he is postponing the 47th summit to September or November. He also suggested to expand the G7 bloc to include India, Australia, South Korea and Russia.

Notes:
The Union Government has launched a national programme for the youth, called “Responsible AI for Youth”. It has been developed by the Ministry of Electronics and IT in collaboration with Intel India, with support from Department of School Education and Literacy (DoSE&L). It aims to equip young students with new generation technology.
A dedicated portal for Artificial Intelligence, which will be a platform for all AI related developments in India, was also launched to mark the first anniversary of the second tenure of the government. It has been jointly developed by the Ministry of Electronics and IT and NASSCOM.

Notes:
June 1 was declared as the Global Day of Parents by the UN General Assembly in 2012. Since then, June 1 is being celebrated as Global Day of Parents every year.
The day is celebrated with an objective of honouring all the parents around the world for their commitment and sacrifice they do for their children. Among the efforts to build social development, the UNGA proclaimed 1994 as the International Year of the Family and 15 May of every year as the International Day of Families.

Notes:
The Union government has notified the income-tax return (ITR) forms for the assessment year (AY) 2020-21 for individual, professional and corporate tax payers.
For the first time, the form separately captures information on cash deposits exceeding ₹1 crore, expenditure on foreign travel exceeding ₹2 lakh and electricity expenses exceeding ₹1 lakh. It was earlier announced that the taxpayers may avail the benefits of investments in tax-saving instruments for an extended period up to June 30. Deadline for filing returns was also extended from July 31 to November 30.

Notes:
As per the recent announcement of the India Meteorological Department (IMD), the deep depression in the Arabian Sea has intensified into a cyclonic storm named as Cyclone Nisarga.
It will further turn into a severe cyclonic storm by tonight and cross north Maharashtra and Gujarat coasts between Raigad district and Daman. When the storm crosses the coast, the severe cyclonic storm will have a wind speed of 90-105 kmph. Earlier, the cyclone Amphan hit the state of West Bengal and caused severe damages.

Notes:
Union Minister for Electronics and IT Ravi Shankar Prasad has launched three major schemes to boost manufacture of electronics in the country.
Production Linked Incentive Scheme (PLI) aims for large-scale electronics manufacturing. Other two schemes namely Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme were also launched. This will generate manufacturing of electronics components worth Rs 10 lakh crore by 2025.

Notes:
The Union Minister of Youth Affairs and Sports Kiren Rijiju has recently launched a 25-day Khelo India Community Coach Development Programme.
The programme seeks to train about 15,000 Physical Education Teachers and Community Coaches across India. Sports Ministry will collaborate with the Human Resources Ministry to implement this programme in all school in India.

Notes:
The Union Ministry of Chemicals and Fertilisers recently fixed the minimum percentage of local content in public procurement of 55 chemical and pesticide products.
This step is a part of the government’s effort to boost domestic manufacturing and the Make-in-India programme. As per the new norm, the minimum local content has been fixed at 60 per cent for 2020-21, 70 per cent for 2021-23 and 80 per cent during 2023-25. Department of Promotion of Industry and Internal Trade (DPIIT) had revised the Public Procurement (Preference to Make in India) Order, 2017 for implementing this norm.

Notes:
The largest state-owned natural gas processing and distribution company, GAIL (India) and Energy Efficiency Services have signed a MoU for cooperation in development of Trigeneration projects in India.
In Trigeneration or Combined Cooling, Heat and Power (CCHP) projects, natural gas-fired generators are used to produce electricity. Under the MoU, the two companies will jointly explore business opportunities in Trigeneration segment, where 50:50 joint venture between GAIL & EESL will be incorporated.

Notes:
India’s central bank, the Reserve Bank of India conducts a quarterly survey called the Households’ Inflation Expectations Survey.
This edition of the survey is conducted via telephonic interviews across 5,300 households in 18 major cities. The households were asked about general expectations on the economic situation, overall price situation, employment etc. As per the survey, 85.3% households expect inflation to accelerate in the next three months, as compared to 83.3% in March.