Current Affairs Quiz - June, 2020

Notes:
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation, has released the Provisional Estimates of National Income for the financial year 2019-20.
As per the data, the Indian economy grew by 4.2 percent in the year 2019-20, as compared to the 6.1 percent growth in 2018-19. This GDP growth rate is said to be the lowest in past 11 years. Also, during the January-March (final) quarter of the year 2019-20, the growth rate of GDP fell to 3.1%. The Per Capita Income (real) had a growth of 3.1 percent during 2019-20, as against 4.8 per cent in the previous year.

Notes:
The United Nations General Assembly has recently adopted a new voting procedure for the upcoming election of new members of the Security Council.
This change is due to the restrictions for large gathering and to ensure social distancing during the Covid-19 pandemic. Usually, the assembly meet in a horseshoe-shaped assembly chamber at UN headquarters. But now, the ambassadors from 193 UN member nations will cast secret ballots at predetermined places and time slots.

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 large group of asteroids that share the Jupiter’s orbit around the Sun are commonly called as Trojan asteroids or Jupiter Trojans. The trojans follow the same orbit of planet but stay either around 60 degrees ahead or 60 degrees behind along the orbit.
Recently, a team of astronomers from the University of Hawaii and Queen’s University Belfast have found that 2019 LD2 is the first known Jupiter trojan asteroid to have a comet-like tail. It was first discovered in June 2019 by the ATLAS system funded by NASA. But it could not be observed then, as it passed behind the sun.

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:
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.

Notes:
The Agriculture Ministry has released its second advance estimates of total horticulture production in 2019-20.
As per the estimate, the total horticulture production would be 320.48 million tonnes in this year, which is 3.13% higher than last year. The production of fruits is estimated to be 99.07 million tonnes as compared to 97.97 million tonnes in 2018-19. The total production of vegetables is estimated to be 191.77 million tonnes as compared to 183.17 million tonnes in 2018-19.

Notes:
The United Nations General Assembly had declared 3 June as World Bicycle Day. The Assembly acknowledged bicycle for its versatility and longevity and its usage for two centuries.
The UN encourage its stakeholders to encourage the use of bicycles as a means of promoting sustainable development and health. It also welcomes various initiatives to organise bicycle rides at the national and local levels and develop a culture of cycling in society.

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:
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.