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:
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:
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:
Union Defence Minister Rajnath Singh recently had a discussion with the French Minister of Armed Forces Florence Parly.
The Minister later announced that France has assured timely delivery of the Rafale fighter aircraft, made by Dassault Aviation company, despite challenges arising out of COVID-19 pandemic. The leaders agreed to strengthen bilateral defence cooperation between India and France and discussed matters of mutual concern regarding COVID-19 and regional security.

Notes:
The Union Cabinet recently amended the Essential Commodities Act, 1955 in view of helping farmers and transforming the agriculture sector.
With the amendment, commodities like cereals, pulses, oilseeds, edible oils, onion and potatoes will be removed from list of essential commodities, thereby attracting private sector/foreign direct investment into agriculture sector. The cabinet also approved two ordinances to promote barrier-free inter-state and intra-state trade and commerce and give a level playing field with wholesalers and exporters.

Notes:
The Union Cabinet chaired by the Prime Minister has given its approval for signing a Memorandum of Understanding between India and Bhutan on cooperation in the field of Environment.
Under the agreement, the countries will work together in the areas of environment protection including air, waste, chemical management, climate change and management of natural resources by taking into account the applicable legal provisions in each country.

Notes:
Indian writer Kritika Pandey has won the regional award for Asia of the prestigious Commonwealth Short Story Prize for this year.
The writer was selected for her work titled ‘The Great Indian Tee and Snakes’. The Commonwealth Short Story Prize is awarded for the best unpublished short fiction, every year. She had also been earlier nominated for the Pushcart Prize. To be eligible for the award, one must be a commonwealth citizen aged above 18 years.

Notes:
A tropical storm named Cristobal has been formed in the southern Gulf of Mexico. A heavy flood threat has been announced for Mexico.
Earlier in the year 2016, a tropical storm named Colin formed in the Gulf. As per the warning from the U.S. National Hurricane Center, the storm is expected to dip near the flood-prone city of Ciudad del Carmen and then make a northward turn and head towards the U.S. Gulf coast. It was formed from the miscellanies of the recent Tropical Storm Amanda.

Notes:
Seasoned banker and Managing director and CEO of Kotak Mahindra Bank, Uday Kotak has recently assumed office as the president of the Confederation of Indian Industry (CII) for 2020-21.
As per the chamber, Uday Kotak takes over from the present Chairman and Managing Director of Kirloskar Systems, Vikram Kirloskar. The MD and CEO of Tata Steel, T V Narendran is now the President designate of CII for 2020-21.

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.