Current Affairs Quiz - June, 2020

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:
The first population estimation exercise of the Indian gaur carried out in the Nilgiris Forest Division in recent years.
As per the exercise, that was conducted in February, more than an estimated 2,000 Indian gaurs are present in the entire division. However, majority of animals were in the conflict-prone areas close to human habitations. Among the 2000 gaurs, about 794 gaurs were directly sighted over a one-week period.

Notes:
Research institute of Brazil, the National Institute for Space Research (INPE) has announced that the Amazon rainforest witnessed deforestation of 829 sq km in May 2020.
This is the highest monthly level of deforestation observed in the forest since 2015. The institute also announced that deforestation increased by 91 sq km compared to the same period last year. The Prime Minister of Brazil is advocating for farming and mining in protected areas to improve economy.

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:
Ace Indian chess player P. Harikrishna bagged joint second place in the Sharjah World Stars online chess tournament.
Top seed Shakhriyar Mamedyarov won the online tournament by scoring 7.5 out of 10 points. The second-seeded Indian Grandmaster Pentala Harikrishna finished second while Polish Grandmaster Radoslaw Wojtaszek finished third.

Notes:
Lieutenant General R M Vohra, a war hero of the 1971 war, recently passed away at the age of 88, after being contracted by COVID-19.
He was a Lieutenant Colonel in command of 4th Horse, the most feared tank regiments of Indian Army. He destroyed 27 enemy tanks which stopped his tanks from crossing the Basantar river. The Lt General was later awarded a Maha Vir Chakra (MVC) and his regiment was awarded the Basantar battle honour.

Notes:
Facebook owned social media major WhatsApp has launched its ‘WhatsApp Pay’ for the first time in Brazil.
Two years ago, WhatsApp began testing the payments service in India, which enables users to send and receive money. However, the plan could not be materialised due to regulatory issues. WhatsApp has designed the payment system with a special six-digit PIN or fingerprint authorisation to prevent unauthorised transactions.

Notes:
India has been recently elected as the non-permanent member of UN Security Council for 2021-22, along with Ireland, Mexico and Norway. India’s term is to begin from January 2021.
Each year the General Assembly elects five non-permanent members, out of the 10 total seats, for a two-year term. In the recent election, India won 184 votes out of 192 valid votes cast. Previously, India has been elected as a non-permanent member of the Council for seven terms.

Notes:
Napoli, the Italian professional football club based in Naples, won the Italian cup after it scored 4-2 on penalties after a 0-0 draw.
Italian Cup also called as Coppa Italia was restarted after a three-month pause due to the COVID-19 pandemic. Gennaro Gattuso is the Coach of the football team, who has bagged his first major trophy of his managerial career. Napoli has won the title for the sixth time.