Current Affairs Quiz - June, 2020

Notes:
The Indian Prime Minister Narendra Modi during his Mann Ki Baat address announced the Video Blogging Contest named “My Life – My Yoga” (also called “Jeevan Yoga”).
It is a collaboration of Ministry of AYUSH and the Indian Council for Cultural Relations (ICCR). The contest is a part of activities related to the 6th International Day of Yoga (IDY) on 21st June 2020. The contest is open to participants from all countries. The first phase will select winners within the country and the second phase will select global winners.

Notes:
Paramparagat Krishi Vikas Yojana (PKVY) was launched by the Agriculture Ministry under National Mission of Sustainable Agriculture (NMSA) in 2015. It was launched with an aim to promote organic farming among small and marginal farmers.
Recently, the NITI Aayog organised an online High-level Roundtable, which was attended by several national and international experts and policy makers. It aims to boost agroecological and natural farming practices in India. The Agriculture Minister said that PKVY covered 7 lakh hectares and 8 lakh farmers.

Notes:
Union Minister for Electronics and IT Ravi Shankar Prasad has launched three major schemes to boost manufacture of electronics in the country.
Production Linked Incentive Scheme (PLI) aims for large-scale electronics manufacturing. Other two schemes namely Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme were also launched. This will generate manufacturing of electronics components worth Rs 10 lakh crore by 2025.

Notes:
The Executive Chairperson of Biocon, Kiran Mazumdar-Shaw has been named EY World Entrepreneur of The Year 2020.
The Bio-tech leader has been selected for her contribution in improving universal access to affordable life-saving medicines. She also became the third Indian to win the prestigious award after Narayana Murthy of Infosys and Uday Kotak of Kotak Mahindra Bank. She is also the second woman to hold the global title in the world.

Notes:
The International Day for the fight against Illegal, Unreported and Unregulated (IUU) fishing is observed every year on June 5. The purpose of this day is to sensitise about the threats posed by unregulated fishing activities to the fisheries resources.
The United Nations General Assembly (UNGA) declared June 5 as the International Day for the fight against IUU fishing in November 2017. The first such day was celebrated in the year 2018. The Agreement on Port State Measures was brought into force on the same day.

Notes:
Russian President Vladimir Putin declared a state of emergency on Wednesday after 20,000 tonnes of diesel oil to spilled into the Ambarnaya river.
The 60-kilometre-long river is present in Norilsk, which is called as the nickel capital of Russia. The spill of the diesel oil has turned the surface of the river into crimson red colour. The oil is alleged to have come as a result of a fuel tank collapse at a power plant near the city.

Notes:
As per the recent notification of the Department of Expenditure, Ministry of Finance, all other Ministries and their departments are asked to not initiate any new scheme in the current financial year.
The step has been taken to efficiently use the resources amidst the Cocid-19 crisis in the country. However, this order excludes the proposals announced under the Pradhan Mantri Garib Kalyan Package, the Aatmanirbhar Bharat Abhiyan package and any other special package. The schemes that have been approved will remain suspended till March 31, 2021.

Notes:
The Reserve Bank of India has recently released the latest round of the Survey of Professional Forecasters (SPF).
As per the survey, the negative growth in real Gross domestic product (GDP) in 2020-21 would be 1.5% or the real GDP is to contract by 1.5%. The survey also highlighted that India’s growth would bounce back in the next financial year 2021-22 and estimated to grow at 7.2%. Another measure called Real private final consumption expenditure (PFCE) is expected to decline by 0.5%.

Notes:
The Insolvency and Bankruptcy Code was passed in the year 2016. It seeks to consolidate the existing laws into a single law for resolution of insolvency and bankruptcy.
Recently, Union Government has promulgated an ordinance to amend Insolvency and Bankruptcy Code. As per the ordnance, a new section 10 A has been inserted in the Code which states that no insolvency application will be filed for defaults arising on or after March 25 for a period of six months (can be extended up to one year).This will save companies which default due to Covid-19 pandemic.

Notes:
As per the recent announcement from the Chief Secretary of Uttarakhand, the city of Gairsain in Chamoli district has been declared as the summer capital of Uttarakhand.
The Governor of Uttarakhand Baby Rani Maurya also gave her assent to the decision. Gairsain is located about 270-km from the existing capital of Dehradun. It is expected that the declaration of summer capital in the region will accelerate development of the hilly areas.