Current Affairs Quiz - June, 2020

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 digital payments platform PhonePe has partnered with ICICI Lombard to launch the first-of-its kind domestic multi-trip insurance cover.
This comprehensive insurance cover has been exclusively made available for the users of PhonePe. It provides affordable annual insurance cover for unlimited trips. Under this feature, there is no need to insure every trip separately unlike traditional insurance products.

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:
The United States Department of State releases the annual ‘International Religious Freedom Report’, in accordance with the International Religious Freedom Act of 1998.
The report submitted to the US Congress, describes the status of religious freedom in every country. It was in news because the report raised concerns over the religious freedom of India. The report also mentioned about the revocation of special status of Jammu and Kashmir and the parliamentary approval of the Citizenship Amendment Act (CAA).

Notes:
The state government of Haryana has announced that it would construct 1,000 water recharge bores in underground water deficient areas of the state.
The programme seeks to recharge underground water with rainfall. Announcing this programme, Chief Minister Manohar Lal Khattar said that 90 percent of the cost of the bore project will be borne by the government and the remaining 10 percent by the farmers.

Notes:
Indian Chamber of Commerce (ICC) is the leading and only National Chamber of Commerce, that was founded in 1925. It is headquartered at Kolkata.
Prime Minister Narendra Modi has recently delivered the inaugural address of the 95th annual plenary session of the Indian Chamber of Commerce (ICC) through video conferencing. During his address, the Prime Minister also praised the chamber for contributing to the development of industries in East India and the North East.

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:
The Chief Minister of Maharashtra Uddhav Thackeray and Union Health Minister Harsh Vardhan launched an Integrated Flood Warning System called ‘IFLOWS-Mumbai’.
The warning system has been jointly developed by the Ministry of Earth Sciences (MoES) and Brihanmumbai Municipal Corporation (BMC). It would relay alerts of possible flood-prone areas at 6 to 72 hours in advance. After Chennai, Mumbai is only the second city to get such system.

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 Aquatic Quarantine Facility (AQF), a premier institution of Rajiv Gandhi Centre for Aquaculture, MPEDA, Ministry of Commerce & Industry (RGCA-MPEDA), has received 3,600 numbers of L. vannamei (White-leg shrimp) brood stock imported by India’s shrimp hatchery operators from Hawaii.
The brood-stock were successfully quarantined for five days and handed over to the hatchery operators with 97.12 per cent survival. This has been achieved for the first time since the inception of the Aquatic Quarantine Facility.