Current Affairs Quiz - June, 2020

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:
World No Tobacco Day 2020 is celebrated on May 31 every year, across the world. The main objective of celebrating the day is to protect youth from industry manipulation and to prevent them from tobacco and nicotine use.
This year, the World No Tobacco Day 2020 global campaign will expose the manipulation tactics of tobacco and related industries, educate young people about the intentions of the industries and empower the general public in social platforms to protect youth.

Notes:
The President of the United States Donald Trump has recently announced that US is terminating its relationship with World Health Organization over its handling of the Corona virus.
The President has been blaming WHO and China for the deaths and damages caused by the pandemic across the world. The President also said that the funds provided by the US to WHO will be redirected to other global public health needs. He also issued directions to deny entry to certain Chinese nationals and tightened regulations against Chinese investments in America.

Notes:
As per the recent announcement from the Food and Consumer Affairs Ministry, three more States namely Odisha, Sikkim and Mizoram have recently joined the ‘One Nation-One Ration Card’ scheme.
This addition has taken the total number of states and union territories that have joined the scheme to 20. In the three states, the necessary infrastructure work for joining the scheme including upgradation of electronic Point of Sale (e-PoS) software have been completed.

Notes:
Union Ministry of Chemicals and Fertilizers implements the Pradhan Mantri Bhartiya Janaushadhi Pariyojna (PMBJP) scheme through the network of Pradhan Mantri Bhartiya Janaushadhi Kendras (PMBJKs).
The scheme aims to make quality medicines available at affordable prices to all and reduce out of pocket expenses for healthcare. The scheme was seen in news recently, as it achieved sales of Rs. 100.4 Crores in the first two months of 2020-21. During March, April & May 2020, the Kendras have sold Rs. 144 Crores worth affordable medicines.

Notes:
As per the recent announcement from the India Meteorological Department (IMD), the southwest monsoon arrived on time over the Kerala coast. The southwest monsoon usually occurs in the period of June-September.
IMD declares the start of the monsoon when 60% of the 14 meteorological stations in Kerala record 2.5mm of more rains for two consecutive days. The other two factors are the westerlies (winds) and the outgoing longwave radiation. IMD also revised the forecast for rains to 102% of long-period average.

Notes:
The Commission for Agricultural Costs & Prices (CACP) is an attached office of the Ministry of Agriculture and Farmers Welfare. Based on the recommendation of CACP, the Union Cabinet fixes the minimum support price (MSP).
Recently, the government raised the minimum support price (MSP) of paddy marginally by Rs 53 per quintal to Rs 1,868 per quintal for the 2020-21 crop year. It also hiked the rates for oilseeds, pulses cereals and commercial crops. This is expected to give 50-83 per cent higher return over the cost of production to farmers.

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:
Apex Governing body of men and women’s hockey, Hockey India has recently nominated national women’s team captain Rani Rampal for the prestigious Rajiv Gandhi Khel Ratna Award.
Rani Rampal is the first Indian to be named as the World Games Athlete of The Year. She played an important role in the FIH Olympic Qualifiers in 2019. Hockey India also nominated other players Vandana Kataria, Monika and Harmanpreet Singh for the Arjuna award.

Notes:
The Union Ministry of Chemicals and Fertilisers recently fixed the minimum percentage of local content in public procurement of 55 chemical and pesticide products.
This step is a part of the government’s effort to boost domestic manufacturing and the Make-in-India programme. As per the new norm, the minimum local content has been fixed at 60 per cent for 2020-21, 70 per cent for 2021-23 and 80 per cent during 2023-25. Department of Promotion of Industry and Internal Trade (DPIIT) had revised the Public Procurement (Preference to Make in India) Order, 2017 for implementing this norm.