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:
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:
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:
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:
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:
Bobby Joe Morrow, veteran athlete from the United States, recently passed away at the age of 84. The sprinter had won three gold medals in the 1956 Melbourne Olympics.
Bobby Morrow won the 100 and 200 meters in Melbourne Olympics and was a crucial part of the winning 400 relay team of the US and helped the relay team set a world record. He was honoured as “Sportsman of the Year” by Sports Illustrated. He won the AAU’s James E. Sullivan Award and was also inducted into the National Track and Field Hall of Fame in 1989.

Notes:
Indian Energy Exchange (IEX) is the largest electronic system-based power trading exchange of India and it is regulated by the Central Electricity Regulatory Commission. IEX platform provides physical delivery of electricity and Renewable Energy Certificates (RECs).
IEX has recently launched its Real-Time Electricity Market (RTM) platform. The objective of the platform is to help the DISCOMs plan their power requirements. The trade in electricity is carried out through half-hourly auctions i.e. 48 daily sessions.

Notes:
The state of Telangana recently celebrated its statehood day on June 2. All national leaders including the Prime Minister wished the state and its people.
In the year 2014, Telangana was carved out of the state of Andhra Pradesh as the 29th state of India under the Andhra Pradesh Reorganisation Act. The capital of the state is Hyderabad and its population is about 3.5 crore.

Notes:
Veteran diplomat Gaitri I. Kumar has been appointed as the next High Commissioner of India to the United Kingdom.
She is a 1986 batch Indian Foreign Service officer and is presently serving as the Ambassador of India to the Kingdom of Belgium, Luxembourg and the European Union. Gaitri I. Kumar is to replace Ruchi Ghanshyam who just retired. In her 3-decade long career, the diplomat has served in many Indian missions including in Paris, Kathmandu, Lisbon and Geneva.

Notes:
The Prime Minister has recently delivered the inaugural address at the 125th Annual Session of Confederation of Indian Industries (CII) through video conference.
The theme of this year’s annual conference is “Building India for a New World: Lives, livelihood, growth”. The Prime Minister addressed the conference on “Getting Growth Back”. He congratulated the industry body on completing 125 years of the organisation and said Intent, Inclusion, Investment, Infrastructure and Innovation important to build an Aatmanirbhar Bharat.