Current Affairs Quiz - June, 2020

Notes:
The Union Defence Ministry has recently extended the delivery period for all existing capital acquisition contracts with Indian vendors by four months.
As per the Defence Minster, ‘force majeure shall be applicable for a period of four months i.e. 25th March 2020 to 24th July 2020’. A force majeure refers to unexpected circumstances that prevent someone from fulfilling a contract. This step has been taken because of supply chain crisis caused by COVID-19 pandemic.

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 insolvency regulator IBBI has reconstituted the Advisory Committee on Corporate Insolvency Resolution and Liquidation process.
This panel would be chaired by Executive Vice Chairman and Managing Director of Kotak Mahindra Bank, Uday Kotak. The panel comprising of 13 other members will provide professional support on matters relating to the Corporate Insolvency resolution and liquidation handled by the Board under the Insolvency and Bankruptcy Code 2016.

Notes:
India has recently launched its first nationwide gas trading platform called Indian Gas Exchange (IGX).
The first online delivery-based exchange has been launched by the Indian Energy Exchange, a power trading exchange regulated by the Central Electricity Regulatory Commission. IGX will be incorporated as a wholly owned subsidiary of the Indian Energy Exchange. The platform is powered by technology from global exchange GMEX.

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:
Union Ministry of Earth Sciences has recently released a report titled ‘Assessment of Climate Change over the Indian Region’.
As per the first edition of the report released this year, the average surface air temperatures over India could rise by up to 4.4 degrees Celsius by the end of the century, in a worst-case scenario. This estimate is provided as compared to the period between 1976 and 2005. The report also revealed that under an intermediate scenario, the country’s average temperature could rise by up to 2.4°C.

Notes:
Scientists in UK have claimed that the generic steroid drug dexamethasone has reduced deaths by up to one third in severely ill hospitalised patients, affected by COVID-19.
This result is a part of one of the world’s largest randomised trial of drugs to treat COVID-19 patients, that also showed hydroxychloroquine was not working against the coronavirus. The drug is shown to cut the risk of death by a third for patients on ventilators and a fifth for those on oxygen. However, World Health Organisation said that the drug is reserved for severely ill and critical patients.

Notes:
The Asian Paralympic Committee (APC) recently announced that Bahrain will host the fourth edition of the Asian Youth Para Games from December 1 to 10 next year.
This would be the first time that Bahrain is to host a big para-sport event, which will take place across several venues in Khalifa Sports City and Isa Sports City of the country. Around 800 athletes under the age of 20 are expected to take part in the event in nine different sports.

Notes:
The 19th Great June Uprising Day was observed in the capital of Manipur, Imphal and other places of the state.
On June 14, 2001, the Union government signed the amended ceasefire agreement inserting the words “without territorial limits”. Several people of Manipur protested against the agreement and nearly 18 of them laid down their lives for the unity of the state. On the Great June Uprising Day, the state commemorates the 18 people.

Notes:
The ‘Global Status Report on Preventing Violence Against Children 2020’ was launched by the World Health Organisation, the UNICEF, the UNESCO, the Special Representative of the UN Secretary-General on Violence against Children and End Violence Partnership.
As per the report, half of the world’s children, about a billion are affected by physical, sexual or psychological violence, suffering injuries and death. Though nearly 88% of the countries have laws to protect minors, only 47% of them strongly enforce the laws.