Current Affairs Quiz - June, 2020

Notes:
The National Geographic channel has released a film titled ‘Swachh Bharat: India’s Sanitary Revolution’, in collaboration with the Union Ministry of Drinking Water & Sanitation.
The film was recently premiered at a special screening for the Indian President and also on the NatGeo channel. The film is also made available on the YouTube channel of Swachh Bharat Mission Grameen. Many ‘Ambassadors of cleanliness’ share their connection with the scheme in the film.

Notes:
As per the data from the Controller General of Accounts (CGA), India’s fiscal deficit was 4.59% of gross domestic product (GDP) for the year 2019-20. Fiscal Deficit is the gap between the government’s revenue and expenditure
The government’s revised target for its fiscal deficit was 3.8%, and the real deficit has exceeded it. However, the budget estimate was 3.5% of GDP. The Union Finance Minister invoked the escape clause in the Fiscal Responsibility and Budget Management Act to peg the deficit 0.5% higher than the Budget estimate.

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:
The Union Cabinet has approved further changes to the definition of micro, small and medium enterprises (MSMEs).
Earlier, the Union Minister had proposed that Micro units can have up to Rs 1 crore investments and turnover up to Rs 5 crore while Small units can have up to Rs 10 crore investments and turnover up to Rs 50 crore. The investment limit of a medium unit has been increased from Rs 20 crore to Rs 50 crore and the turn over limit from Rs 100 crore to Rs 250 crore. The Cabinet also approved Rs 20,000-crore fund for stressed entities and equity infusion of Rs 50,000 crore.

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 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:
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:
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:
Veteran bureaucrat Rajeev Topno, a 1996 batch IAS officer who had been serving as the private secretary to the Prime Minister, has been appointed as senior advisor to the Executive Director (ED), World Bank.
As per the Personnel Ministry order issued, five other officers have been appointed to various posts abroad. This includes the appointment of Ravi Kota as Minister (Economic) at the Indian embassy in Washington; Lekhan Thakkar as Counsellor (Economic) at the Indian Embassy in Beijing; H Atheli, as Advisor (Director-level) to the ED of the ADB among others.

Notes:
The Union Environment Minister Prakash Javadekar launched the ‘Nagar Van’ or ‘Urban Forests’ programme to increase forest cover in urban areas.
During the virtual celebration of World Environment Day 2020, themed as ‘Nature and Biodiversity’, the programme was launched with 200 corporations and cities across India. The Minister urged the people to actively participate in the programme to increase the tree cover in their areas. This year, the government’s target for tree plantation is 145 crores.