Current Affairs Quiz - June, 2020

Notes:
Russia, that currently holds the BRICS Presidency, hosted the meeting of the Heads of Tax Authorities of the BRICS countries.
Though the meeting was originally scheduled to be held in Moscow, owing to Covid-19 restrictions, it was held through video conferencing. The Finance Secretary of India Ajay Bhushan Pandey represented India at the meeting. Possibilities of exploring areas of cooperation in tax matters and response of tax authorities were discussed.

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 recent announcement of the Deputy Chief Minister of Uttar Pradesh, the state is to develop 800 km roads as Herbal roads in the state.
The Herbal roads will have medicinal trees on both sides, including Peepal, Neem, Sehjan and other important herbal trees. The state’s Public Works Department will implement the project and rain water recharging system on the roads.

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 Union Government has recently launched Kisan Credit Card campaign to help dairy farmers.
The Government will provide Kisan Credit Card (KCC) to about 1.5 crore dairy farmers who belong to Milk Unions and Milk producing Companies. The drive seeks to provide KCC to the farmers within the next two months before July 31, under a special drive. The special drive to provide KCC is part of the Prime Minister’s Atma Nirbhar Bharat package.

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:
The United General Assembly decided to commemorate 4 June of each year as the ‘International Day of Innocent Children Victims of Aggression’.
The objective of the day is to acknowledge the pain of the children across the world who are the victims of physical, mental and emotional abuse. UN had also ratified the Convention on the Rights of the Child. Moreover, the target 16.2 of the UN’s 2030 SDG agenda seeks to end all forms of violence against children.

Notes:
World Environment Day is celebrated on June 5 every year by the United Nations, to encourage awareness and environmental protection.
The theme of World Environment 2020 is ‘Celebrating biodiversity’. The day will be hosted in Colombia in partnership with Germany. It is reported that about one million species facing extinction, as of now. In India, Housing & Urban Affairs Ministry releases series of advisories during a programme ‘Saving Biodiversity through Effective Waste Management’.

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.