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:
The United Nations General Assembly has recently adopted a new voting procedure for the upcoming election of new members of the Security Council.
This change is due to the restrictions for large gathering and to ensure social distancing during the Covid-19 pandemic. Usually, the assembly meet in a horseshoe-shaped assembly chamber at UN headquarters. But now, the ambassadors from 193 UN member nations will cast secret ballots at predetermined places and time slots.

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:
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:
Indian Energy Exchange (IEX) is the largest electronic system-based power trading exchange of India and it is regulated by the Central Electricity Regulatory Commission. IEX platform provides physical delivery of electricity and Renewable Energy Certificates (RECs).
IEX has recently launched its Real-Time Electricity Market (RTM) platform. The objective of the platform is to help the DISCOMs plan their power requirements. The trade in electricity is carried out through half-hourly auctions i.e. 48 daily sessions.

Notes:
The Union Government has recently launched a new micro-credit facility scheme named PM SVANIDHI – Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi.
Housing and Urban Affairs Ministry launched the scheme, which aims to provide affordable loans to street vendors. The duration of the scheme is till March 2022 and is expected to benefit over 50 lakh street vendors. The vendors can avail a working capital loan of up to Rs 10000, which is repayable in monthly instalments in one-year tenure.

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:
Famous music composer Wajid Khan recently passed away at the age of 42. He was a part of the popular music duo Sajid-Wajid.
The pair started their musical career in the year 1998 for a Hindi movie starring Salman Khan. Sajid-Wajid scored music for many films of the star including his latest single, ‘Bhai Bhai’. The pair has been popular for their composition of IPL 4 theme song.

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 Prime Minister has recently delivered the inaugural address at the 125th Annual Session of Confederation of Indian Industries (CII) through video conference.
The theme of this year’s annual conference is “Building India for a New World: Lives, livelihood, growth”. The Prime Minister addressed the conference on “Getting Growth Back”. He congratulated the industry body on completing 125 years of the organisation and said Intent, Inclusion, Investment, Infrastructure and Innovation important to build an Aatmanirbhar Bharat.