Current Affairs Quiz - June, 2020

Notes:
Information Technology major Infosys has recently launched the ‘Summer of Ideas’ initiative for college students.
The international eight-week ideathon is being powered by the digital learning platform of Infosys called Wingspan. This initiative is expected to bridge the gap formed due to the disruption caused by Covid-19 pandemic, for the students and academic professionals. About 2000 inducted students can showcase their ideas to industry experts.

Notes:
The International Football Federation FIFA has released its global FIFA ranks recently. Belgium retained its top spot in the list.
Belgium is followed by France and Brazil. The fourth and fifth positions are occupied by England and Uruguay respectively. Indian football team has retained the 108th spot in the ranking. The Covid-19 pandemic has remained an obstacle to the staging of international matches and the ranking remains unchanged.

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 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:
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:
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:
Famous astronaut and oceanographer Kathy Sullivan recently became the first woman and the fifth person in history to descend to the Challenger Deep.
It is regarded as the deepest known point in the world’s oceans and is located in the Mariana Trench, seven miles below the surface of the Pacific Ocean. With this achievement, she is now the only human who has walked in space and reached the deepest point in the ocean.

Notes:
One of the world’s largest consumer-focused private equity firms L Catterton will buy a 0.39% stake for Rs 1894.50 crore in Jio Platforms.
Another global investment firm TPG will also buy a 0.93% stake in Jio for Rs 4,546.80 crore in the digital unit of Reliance Industries Limited. Since April 22, Jio Platforms has raised Rs 104,326.95 crore from leading global investors including Facebook, Silver Lake among others.

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:
Union Ministry of Social Justice and Empowerment implements the ‘Assistance to Disabled persons for purchasing / fitting of aids / appliances’ (ADIP) scheme through its Public sector enterprise, Artificial Limbs Manufacturing Corporation of India (ALIMCO).
Recently, a virtual ADIP Camp for free distribution of assistive aids and devices at Block level for Divyangjans under the ADIP scheme was organized at Firozpur District in Punjab. This is the first camp being organized by the ALIMCO after opening of lockdown with the Standard Operating Procedure (SOP).