Current Affairs Quiz - June, 2020

Notes:
Global ratings agency Fitch Ratings has estimated that India’s economy would bounce back with a steep growth rate of 9.5 per cent in the next fiscal year.
Earlier, Fitch ratings had forecasted that the GDP growth of India would contract at 5 percent in the ongoing fiscal year starting April 2020. It has also highlighted that 9.5 % growth is possible only if the country avoids further deterioration in financial sector health.

Notes:
The World Bank has provided Rs. 1,950 crore loans to the state of West Bengal for tackling COVID crisis and developmental work in the state.
Announcing the news about the loan, the Chief Minister Mamata Banerjee said that out of the total loan, Rs. 1,100 crore will be spent for creating Industrial infrastructures and remaining Rs. 850 crore has been allocated for social-Welfare schemes.

Notes:
The QS World University Rankings has been released by global higher education consultancy QS Quacquarelli Symonds.
Massachusetts Institute of Technology (MIT) topped the list for the ninth consecutive year, followed by Stanford University and Harvard University all being American. Only three Indian institutions namely IIT-Bombay (172nd), IISc Bangalore (185th) and IIT Delhi (193rd) feature among the top 200 in the list, with none in the top-100.

Notes:
The United States has confirmed General Charles Q. Brown Jr. as the Chief of the Air Force of the country.
Charles Q. Brown is currently serving as the four-star general and is the first African-American to hold the position. The General recently opened up about his experience with racism in the United States. The Senate has unanimously confirmed the General for the post with full vote.

Notes:
The European Union has recently directed the social media sites Facebook, Google, and Twitter to provide monthly reports on their efforts to curb misinformation on their platform.
The foreign policy head of EU and the Vice President of European Commission announced this direction while addressing the prevalence of misleading news on Covid-19. They also said that the fake news will influence the economy and weaken their health measures.

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 Chief minister of Himachal Pradesh Jai Ram Thakur has recently launched a new scheme called ‘Panchvati Yojna’.
Under the scheme, that is being implemented by the rural development department, parks and gardens would be developed for senior citizens of rural areas in the state. The main aim of the scheme is provide an opportunity to the elder people to spend their leisure time in a clean environment with Ayurvedic and medicinal plants.

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 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:
“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.