Current Affairs Quiz - June, 2020

Notes:
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation, has released the Provisional Estimates of National Income for the financial year 2019-20.
As per the data, the Indian economy grew by 4.2 percent in the year 2019-20, as compared to the 6.1 percent growth in 2018-19. This GDP growth rate is said to be the lowest in past 11 years. Also, during the January-March (final) quarter of the year 2019-20, the growth rate of GDP fell to 3.1%. The Per Capita Income (real) had a growth of 3.1 percent during 2019-20, as against 4.8 per cent in the previous year.

Notes:
China recently announced that it will impose a ban on imports of pigs, wild boar and pork related products from India.
After India reported African swine fever (ASF) in Assam last month and nearly 14,000 deaths among pigs and wild boars in Assam, China is set to ban those products. This was released by Chinese state media Global Times amidst the border tensions between the countries.

Notes:
The Tata Group has recently signed a partnership agreement with the Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) of Thiruvananthapuram for commercial production of Covid-19 testing kits.
The kits to be produced are based on Reverse Transcriptase Loop-Mediated Amplification (RT-LAMP) technology for Covid-19 detection. The kits provide results in a lesser time against the conventional method. Earlier, Tata Sons had partnered with CSIR- Institute of Genomics and Integrative Biology to produce CRISPR-based COVID test kits.

Notes:
The Banks Board Bureau (BBB) has recently recommended the appointment for the top-level position of three public sector banks.
The BBB recommended the appointment of Ashwani Bhatia as the next Managing Director of State Bank of India. Ashwani Bhatia is currently the Deputy Managing Director in SBI. The Board also recommended the appointment of Matam Venkat Rao as the MD & CEO of Central Bank of India and PP Sengupta as the MD & CEO of Indian Overseas Bank.

Notes:
World Milk Day is celebrated on June 1, every year across the world. The first World Milk Day was held in the year 2001.
The Food and Agriculture Organisation (FAO) of the United Nations chose June 1 as the World Milk Day, to highlight the role of milk and to publicise activities connected with milk and the milk industry. This year, the overarching theme is the “20th Anniversary of World Milk Day”. A virtual campaign rally named ‘Enjoy Dairy Rally’ was held from May 29-31.

Notes:
The Commission for Agricultural Costs & Prices (CACP) is an attached office of the Ministry of Agriculture and Farmers Welfare. Based on the recommendation of CACP, the Union Cabinet fixes the minimum support price (MSP).
Recently, the government raised the minimum support price (MSP) of paddy marginally by Rs 53 per quintal to Rs 1,868 per quintal for the 2020-21 crop year. It also hiked the rates for oilseeds, pulses cereals and commercial crops. This is expected to give 50-83 per cent higher return over the cost of production to farmers.

Notes:
Global credit ratings agency Moody’s Investors Service has currently degraded India’s foreign currency and local currency long-term issuer ratings to Baa3.
The agency had previously rated India’s ratings as Baa2. The reason for the downgrade of ratings was the high challenges to be faced by the policy-making institutions in enacting and implementing policies for sustainable growth in the country. Moody’s had upgraded India’s ratings to Baa2 in November 2017.

Notes:
The Chief Minister of Tamil Nadu released the standard operating procedure for the salons, beauty parlours and spas, when they resume their service after the lockdown.
As per the rules, the mentioned service providers will have to maintain a record of the name, phone number, address and Aadhaar number of the customers as a preventive measure against Covid-19. It would also facilitate contact tracing. Other sanitation procedures were also provided for resuming.

Notes:
United Kingdom recently hosted the Global Vaccine Summit, which was held virtually due to the restrictions involved amidst the Covid-19 pandemic.
Indian Prime Minister Narendra Modi attended the conference and pledged $15-million as India’s contribution to the vaccines alliance GAVI. The British Prime Minister earlier urged all nations to pledge funds for vaccinations to save the lives of people across the world from outbreaks of infectious diseases in future.

Notes:
Leading Private sector bank of India, Axis Bank has recently partnered with Mastercard India and payment service provider, Worldline India to launch a digital point-of-sale solution named as ‘Soft POS’.
The solution aims to assist offline merchants and local kirana stores in accepting payments using their smartphones, through several digital form factors including Bharat QR, sending payment links to customers etc. It can accept NFC-based payments to boost contactless payments in the country and features like e-Khata for reconciliations.