Current Affairs Quiz - June, 2020

Notes:
The state government of Uttarakhand has recently launched a scheme called ‘Mukhya Mantri Swarojgar Yojana’, to provide loans to the migrant workers amid Covid-19 pandemic.
Under the scheme, Uttarakhand government will provide loans worth ₹25 lakh in the manufacturing sector and ₹10 lakh in the service sector. The migrant workers who are returning to the state are eligible to apply for the loans, that will be provided by nationalised banks, scheduled commercial banks and co-operative banks.

Notes:
As per the test report of the Animal Husbandry Department of the state of Uttarakhand, the quality of the state’s sheep wool compiled was similar to the Merino sheep wool.
The Merino sheep wool of Australia is famous across the world in the textile industry for its fine texture. India imports nearly 8000 MT of fine wool every year. Uttarakhand received 250 Merino sheep in Tehri Garhwal district under the national livestock scheme last year. With appropriate breeding programmes, Uttarakhand would produce high-quality fine Merino wool.

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:
During April, the state of Punjab launched an operation to contain the outbreak of Coronavirus (Covid-19) named ‘Mission Fateh’.
Recently, the Chief Minister of Punjab Amarinder Singh has launched a month-long drive to spread awareness about COVID-19 pandemic under Mission Fateh. This campaign will expand the coverage of the original mission beyond the frontline workers to include all general public of the state in fighting the crisis. Various awareness programmes are to be held across the state.

Notes:
The World Bank recently warned that 60 million people could be pushed into extreme poverty in 2020, after Covid-19 crisis.
The World Bank President David Malpass released analytical chapters from its flagship Global Economic Prospects report. He urged the countries to implement comprehensive policies to boost long-term growth and to address immediate health emergencies. The estimates are likely to increase further.

Notes:
India’s oldest music label Saregama has entered into a global deal with social media giant Facebook to license its music.
Under the deal, Saregama’s music is licensed for features such as videos, stories via music stickers and other creative content offered by Facebook. Hereafter, Facebook and Instagram users will be able to add music to their posts and stories from Saregama music label.

Notes:
Social networking giant Twitter has recently appointed Patrick Pichette, a former chief financial officer at Google as the next chairman of its board.
This is the first time in the history of Twitter that an outsider is presiding over the board. Patrick Pichette served as the lead independent director of Twitter since the end of 2018. He is to replace Omid Kordestani in leading the directors as Chairman. Investors have been urging for appointing outsiders to preside over boards.

Notes:
The United Nations General Assembly had declared 3 June as World Bicycle Day. The Assembly acknowledged bicycle for its versatility and longevity and its usage for two centuries.
The UN encourage its stakeholders to encourage the use of bicycles as a means of promoting sustainable development and health. It also welcomes various initiatives to organise bicycle rides at the national and local levels and develop a culture of cycling in society.

Notes:
The Union Cabinet has given its approval for setting up of an “Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) in Ministries/Departments of Government of India.
The establishment of the two cells is expected to attract more investments in India. The Cabinet Secretary would serve as the Chairperson of EGoS, with NITI Aayog CEO and Secretaries of other departments as members. The ‘Project Development Cell’ (PDC) will develop projects in coordination with the Central Government and State Governments and increase FDI inflows.

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.