Current Affairs Quiz - June, 2020

Notes:
Indian Railways has recently created a new benchmark as it has successfully operated first Double Stack Container Train in electric zone.
The train has been run in high rise Over Head Equipment (OHE) electrified sections, as per the Railway Minister Piyush Goyal. This is the first-of-its-kind initiative and will also promote the mission of Green India. This operation has been commenced from Palanpur and Botad stations in Gujarat.

Notes:
The National Highway Authority of India (NHAI) has become the first construction sector organisation to go fully digital.
NHAI has launched ‘Data Lake and Project Management Software’, a cloud-based and artificial intelligence-powered big data analytics platform. With this launch, the entire project workflow of NHAI has been transformed to that based on online portal. The system will also predict the financial impacts of different alternatives.

Notes:
World Elder Abuse Awareness Day is celebrated on June 15 every year across the world by the United Nations.
The UN General Assembly recognised June 15 as World Elder Abuse Awareness Day through its resolution in 2011. The proposal was initiated by the International Network for the Prevention of Elder Abuse (INPEA) in 2006. As per a study, 15.7% of people aged 60 years and older were subjected to some form of abuse.

Notes:
Leading private bank ICICI Bank has launched an overdraft (OD) facility named ‘Insta FlexiCash’, for its salaried account customers who are facing a cash crunch.
The specified customers can initiate this facility by applying online using the bank’s Internet banking platform and can avail short-term instant credit within 48 hours. The product has been launched to help the bank’s Salary Account customers from missing their Equated Monthly Instalments (EMIs) or cheque bounces due to insufficient funds.

Notes:
The Export-Import Bank of India (Exim Bank) has extended a line of credit (LOC) worth USD 215.68 million to the Malawi government for drinking water supply schemes and other development projects.
With this recent agreement, EXIM bank has extended five LOCs to Malawi, with the total value of LOCs being USD 395.68 million. Under this LOC, the projects covered are supply of irrigation network, cotton processing plant, green belt initiative, construction of water supply system, among others.

Notes:
“Raja Parba” is a three-day-long festival celebrated in the state of Odisha. Prime Minister Narendra Modi greeted the people of Odisha on the festival.
As per the Odisha tourism website, the second day signifies beginning of the solar month of “Mithuna”, that represents the beginning of rains. It is also considered as an agricultural festival and a festival that marks the menstruation cycle of women.

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:
“World Day to Combat Desertification and Drought” is celebrated on June 17, every year across the world.
UN General Assembly declared June 17 as the specified World Day, to promote public awareness of the issues of Desertification and Drought. This year, the theme is “Food.Feed.Fibre: Sustainable production and consumption.” The United Nations Convention to Combat Desertification leads the observance.

Notes:
Technology Giant Microsoft has recently launched a new feature called ‘Teams for Education’, to support online education.
The new feature seeks to engage and prepare students and teachers for new remote learning ecosystem. It also has an expanded audience view of up to 49 participants, custom backgrounds and virtual breakout rooms among others. Students can digitally raise their hands during class meetings in the feature.

Notes:
India is ranked 43rd on the annual World Competitiveness Index compiled by the Institute for Management Development (IMD).
It has retained the same 43rd rank obtained in the previous edition. In the 2020 list that ranks 63 nations, Singapore has retained its top spot. It is followed by Denmark and Switzerland. However, the United States moved down from 3rd place to 10th place. While India improved in high-tech exports, foreign currency reserves etc, it degraded in areas like exchange rate stability, real GDP growth.