Current Affairs Quiz - June, 2020

Notes:
The World Accreditation Day (WAD) is celebrated on 9th June every year to highlight and promote the role of accreditation in trade & economy.
The theme for World Accreditation Day 2020 is “Accreditation: Improving Food Safety”. It is decided by the International Accreditation Forum (IAF) and the International Laboratory Accreditation Cooperation (ILAC). Quality Council of India (QCI) organised a Webinar to commemorate the event.

Notes:
India’s leading shipbuilder, Kolkata-based Garden Reach Shipbuilders and Engineers (GRSE) has recently delivered the Fast Patrol Vessel named ‘ICGS Kanaklata Barua’.
It is the fifth and final ship in the series of Fast Patrol Vessels (FPV) for the Indian Coast Guard. This is also the 105th vessel delivered by the GRSE shipyard, a state-owned defence enterprise. It had earlier delivered vessels named ICGS Priyadarshini, ICGS Annie Besant and ICGS Amrit Kaur in this series to the Coast Guard.

Notes:
The Finance Ministry announced that the public sector banks have disbursed Rs 12,200.65 crore till June 9, under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector.
It also announced that Tamil Nadu has topped in the in the disbursements to MSMEs under ECLGS, with the total disbursement of Rs 1,727 crore, out of the cumulative sanction of Rs 2,637 crore from banks. It was followed by Uttar Pradesh, with disbursement of Rs 1,225 crore.

Notes:
Veteran economist and former member of the Planning Commission, A.Vaidyanathan recently passed away.
He served as a Chairperson of the Government of India Task Force on Revival of Cooperative Credit Institutions in 2004. He joined the National Council of Applied Economic Research (NCAER) in 1956. He also served in the Food and Agricultural Organisation, Rome. He played a crucial role in developing India’s statistical system and the National Sample Survey.

Notes:
World Day Against Child Labour is celebrated on 12 June, every year. This year, the theme of the World Day against Child Labour 2020 is ‘COVID-19: Protect children from child labour, now more than ever’.
The event focusses on the impact of child labour crisis. Due to the prevalent Covid-19 pandemic, this is conducted as a virtual campaign. It is being organized jointly with the Global March Against Child Labour and the International Partnership for Cooperation on Child Labour in Agriculture (IPCCLA).

Notes:
The Reserve Bank of India (RBI) has constituted an internal working group to review the guidelines on ownership and corporate structure of private sector banks.
The working group will be headed by PK Mohanty, an Executive Director at RBI. The group will examine the licensing guidelines of banking and regulations on ownership of private sector banks. It will also review the regulations on holding of financial subsidiaries through a non-operative financial holding company.

Notes:
India’s leading SUV and farm vehicle maker, Mahindra and Mahindra announced that it is set to exit from its US-based e- bike company GenZe.
As the firm suffered a substantial loss in the March quarter due to losses at foreign subsidiaries, it is also set to give up control of its Korean subsidiary SsangYong. The company said that it will stop investments in the loss-making SsangYong firm. Mahindra and Mahindra is also relooking all its ventures to reduce expenses.

Notes:
As per the recent notification from the Department of Promotion of Industry and Internal Trade (DPIIT), the annual rate of inflation based on monthly Wholesale Price Index (WPI) contracted to 3.21% in the month of May 2020.
It means that the annual rate of inflation is -3.21% in May 2020. The government had suspended the release of wholesale price index (WPI) data in April, due to the nationwide lockdown. Hence the provisional figures of May are compared with final figures of March.

Notes:
The co-founder and chief executive of digital music platform Qyuki Digital Media, Samir Bangara, recently passed away following a motorcycle accident.
Samir Bangara had served as Managing Director (Digital) at Disney India, before joining the start-up firm Qyuki. In 2012, Director Shekhar Kapur and Oscar-winning musician AR Rahman launched Qyuki in Mumbai. Samir also played an instrumental role in the sale of Indiagames firm to Disney.

Notes:
The Asian Infrastructure Investment Bank (AIIB) has recently approved an additional $750 million loan to strengthen India’s fight against Covid-19.
This loan would be co-financed by the Asian Development Bank (ADB). The funds will be utilised for boosting the businesses in informal sector, providing social security for the deserving and strengthening the health care systems of India.