Current Affairs Quiz - June, 2020

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 state government of Uttarakhand has recently launched a scheme called ‘Mukhya Mantri Swarojgar Yojana’, to provide loans to the migrant workers amid Covid-19 pandemic.
Under the scheme, Uttarakhand government will provide loans worth ₹25 lakh in the manufacturing sector and ₹10 lakh in the service sector. The migrant workers who are returning to the state are eligible to apply for the loans, that will be provided by nationalised banks, scheduled commercial banks and co-operative banks.

Notes:
The Tata Group has recently signed a partnership agreement with the Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) of Thiruvananthapuram for commercial production of Covid-19 testing kits.
The kits to be produced are based on Reverse Transcriptase Loop-Mediated Amplification (RT-LAMP) technology for Covid-19 detection. The kits provide results in a lesser time against the conventional method. Earlier, Tata Sons had partnered with CSIR- Institute of Genomics and Integrative Biology to produce CRISPR-based COVID test kits.

Notes:
Chinese mobile communication cum consumer electronics company OPPO has recently partnered with Indian start-up incubator T-Hub to support start-up ecosystem in India.
Under the partnership, the start-ups specialising in the areas of Artificial Intelligence, 5G, Battery, Camera and Image Processing will be scaled up. The selected start-up firms will receive incubation support and market access from OPPO as well as mentorship from T-Hub.

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:
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:
The Government of the Democratic Republic of the Congo recently announced that it has witnessed a new outbreak of Ebola virus disease.
The country located in Central Africa has seen its 11th outbreak since the virus was first discovered in the country in 1976. At present, the disease is occurring in the Equateur province. The World Health Organisation (WHO) also announced about the disease.

Notes:
After the United States President Donald Trump announced that the country is to terminate its relationship with the World Health Organisation (WHO), the Bill & Melinda Gates Foundation is set to become the largest funder of WHO.
This would be the first time a private foundation is to become the biggest funder of a United Nations Agency. Among the present top 10 funders, only four are member countries, one is European Commission and the remaining are foundations or philanthropies.

Notes:
Union Defence Minister Rajnath Singh recently had a discussion with the French Minister of Armed Forces Florence Parly.
The Minister later announced that France has assured timely delivery of the Rafale fighter aircraft, made by Dassault Aviation company, despite challenges arising out of COVID-19 pandemic. The leaders agreed to strengthen bilateral defence cooperation between India and France and discussed matters of mutual concern regarding COVID-19 and regional security.

Notes:
India’s oldest music label Saregama has entered into a global deal with social media giant Facebook to license its music.
Under the deal, Saregama’s music is licensed for features such as videos, stories via music stickers and other creative content offered by Facebook. Hereafter, Facebook and Instagram users will be able to add music to their posts and stories from Saregama music label.