Current Affairs Quiz - June, 2020

Notes:
The Grand Ethiopian Renaissance Dam (GERD) is the most massive project of Ethiopia at a cost of USD 4.6 billion.
The dam is located on the Blue Nile and its construction began in the year 2011. Recently the Nile basin countries Ethiopia, Egypt and Sudan resumed negotiations. Egypt fears that the project will constrict its water supply while Ethiopia desires to become a major power exporter. Sudan has urged the two countries for negotiations.

Notes:
The Union Government has created the Micro Irrigation Fund with the corpus of Rs. 5000 crore with National Bank for Agriculture and Rural Development (NABARD).
Under the fund, NABARD will provide the amount to states on concessional rate of interest to promote micro-irrigation. Moreover, the annual allotment of Rs. 4000 crore has been made under the ‘Per Drop More Crop’ component of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY- PDMC). The scheme focuses on improving water use efficiency through micro Irrigation techniques.

Notes:
India’s leading shipbuilder, Kolkata-based Garden Reach Shipbuilders and Engineers (GRSE) has recently delivered the Fast Patrol Vessel named ‘ICGS Kanaklata Barua’.
It is the fifth and final ship in the series of Fast Patrol Vessels (FPV) for the Indian Coast Guard. This is also the 105th vessel delivered by the GRSE shipyard, a state-owned defence enterprise. It had earlier delivered vessels named ICGS Priyadarshini, ICGS Annie Besant and ICGS Amrit Kaur in this series to the Coast Guard.

Notes:
The Finance Ministry announced that the public sector banks have disbursed Rs 12,200.65 crore till June 9, under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector.
It also announced that Tamil Nadu has topped in the in the disbursements to MSMEs under ECLGS, with the total disbursement of Rs 1,727 crore, out of the cumulative sanction of Rs 2,637 crore from banks. It was followed by Uttar Pradesh, with disbursement of Rs 1,225 crore.

Notes:
Veteran economist and former member of the Planning Commission, A.Vaidyanathan recently passed away.
He served as a Chairperson of the Government of India Task Force on Revival of Cooperative Credit Institutions in 2004. He joined the National Council of Applied Economic Research (NCAER) in 1956. He also served in the Food and Agricultural Organisation, Rome. He played a crucial role in developing India’s statistical system and the National Sample Survey.

Notes:
Indian-American soil scientist Dr Rattan Lal has won the prestigious World Food Prize. The award is considered to be equivalent to a Nobel Prize in agriculture.
Dr Rattan Lal has been awarded for his contribution in assisting small farmers to improve their soil’s health. This has let the global food supply to increase considerably. He has promoted soil-saving techniques which has benefitted the livelihoods of more than 500 million small farmers.

Notes:
British Prime Minister Boris Johnson has announced that a commission to look at racial equality in the UK will be established.
The proposed body would look at all forms of inequality in employment, health outcomes, academics, criminal justice system and all aspects of life. This announcement has been given after protests have been undertaken after the death of George Floyd in Minneapolis.

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:
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:
India has recently joined the Global Partnership for Artificial Intelligence (GPAI) as its founding member, along with USA, UK, EU, Australia among others.
Union minister for Electronics and IT Ravi Shankar Prasad announced that this multi-stakeholder international partnership will promote responsible human centric development and use of Artificial Intelligence. India has recently launched the National AI Strategy and also launched its dedicated National AI Portal.