Current Affairs Quiz - June, 2020

Notes:
The Union Government has approved 445 crore rupees for implementation of Jal Jeevan Mission in Chhattisgarh during 2020-21, to provide tap connections to 20 lakh households.
The aim of Jal Jeevan Mission is to provide potable drinking water on a long-term basis to every rural household of the country by 2024. During the Union Budget 2020, 3.6 lakh crores has been allocated for this scheme. The migrant labourers returned to Chhattisgarh will be involved in the jobs related to water supply.

Notes:
Prime Minister Narendra Modi has recently launched a technology-based platform named as CHAMPIONS, for MSME sector.
‘CHAMPIONS’ stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. The platform aims to provide a comprehensive solution including Grievance redressal, Financial access, Permissions among others will be addressed in the platform. It also provides latest communication tools and is enabled by Artificial Intelligence.

Notes:
The Ministry of Skill Development & Entrepreneurship, the Ministry of Civil Aviation and the Ministry of External Affairs have jointly launched a new initiative named SWADES.
SWADES stands for Skilled Workers Arrival Database for Employment Support. Since many Indian citizens are returning under Vande Bharat Mission, this scheme aims to conduct a skill mapping exercise of the qualified people. The information will be shared with the companies for suitable job opportunities in the country.

Notes:
Ordnance Factory Board, which functions under the Ministry of Defence, recently bagged Rs 1,094 crore order from Defence Ministry to make 156 Infantry Combat Vehicles (ICVs).
The Infantry Combat Vehicles with upgraded features are to be developed for the use of Indian Army. As per the official statement, the ICVs will be manufactured by Ordnance Factory in Telangana. The vehicles, which will be highly mobile, will also be powered with high-powered engines.

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 The Commonwealth Short Story Prize is awarded for the best unpublished short fiction, every year.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:
American private space company SpaceX has recently launched 60 new internet satellites into orbit using Falcon 9 rocket.
Only before some days, billionaire Elon Musk owned SpaceX has sent two NASA astronauts to International Space Station, thereby becoming the first private firm to send astronauts to space on Falcon-9 rocket. This is the 8th batch of satellites and the total number of Starlink constellation of satellites is 482, as of now.

Notes:
The legislature of Hong Kong has recently approved a bill that makes it illegal to insult the Chinese national anthem.
In Hong Kong, the pro-democracy camp sees the anthem bill as an infringement of freedom of expression whereas the pro-Beijing majority said the law was necessary to show appropriate respect for the anthem. If one intentionally abuses the “March of the Volunteers” anthem, he might face up to three years in prison and a fine of up to 50,000 Hong Kong dollars.

Notes:
Russian President Vladimir Putin declared a state of emergency on Wednesday after 20,000 tonnes of diesel oil to spilled into the Ambarnaya river.
The 60-kilometre-long river is present in Norilsk, which is called as the nickel capital of Russia. The spill of the diesel oil has turned the surface of the river into crimson red colour. The oil is alleged to have come as a result of a fuel tank collapse at a power plant near the city.

Notes:
The Insolvency and Bankruptcy Code was passed in the year 2016. It seeks to consolidate the existing laws into a single law for resolution of insolvency and bankruptcy.
Recently, Union Government has promulgated an ordinance to amend Insolvency and Bankruptcy Code. As per the ordnance, a new section 10 A has been inserted in the Code which states that no insolvency application will be filed for defaults arising on or after March 25 for a period of six months (can be extended up to one year).This will save companies which default due to Covid-19 pandemic.

Notes:
As per the recent notification of the Reserve Bank of India (RBI), the foreign exchange reserves raised USD 3.43 billion to an all-time high of USD 493.48 billion.
The reserves announced were recorded in the week ended May 29, 2020. In the previous week, the forex reserves had raised to USD 490.44 billion. The major component of the overall reserves, foreign currency assets increased to USD 455.21 billion; gold reserves at 32.682 billion and India’s reserve position with the IMF at USD 4.16 billion.