Current Affairs Quiz - June, 2020

Notes:
A Central Public Sector Enterprise Under Department of Fertilizers, National Fertilizers Limited (NFL) has tied up with Industrial Training Institutes located near to its plants to train youth in several trades.
The partnership is expected to upskill the youth and to enhance their employability in heavy industries. NFL becomes first CPSE to start this initiative in Punjab, by signing an MoU with ITI, Nangal. The students will be trained under Dual System of Training Scheme where they will learn both theoretical skills and on-the-job training in Nangal plant.

Notes:
Employees’ Provident Fund Organisation has partnered with the Common Service Centre (CSC) to enable the pensioners submit Digital Jeevan Pramaan (Life Certificate).
As per the statement of the Labour Ministry, around 65 lakh pensioners can submit their life certificate through over 3.65 lakh CSCs. Every year, the Employees’ Pension Scheme (EPS) pensioners need to submit their life certificates to continue to draw pension, as the life certificate will remain valid for one year from date of submission.

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:
The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) is an international agreement between governments. India is also a signatory to CITES. It seeks to ensure that international trade in specimens of wild animals and plants does not threaten their survival.
The Environment ministry has issued rules for dealing with the import of exotic species and for assessing scale of possession within the country, as per the CITES agreement. Exotic live species are defined as plants and animals that are moved from their original habitat to a new one by human intervention.

Notes:
As per the recent statement from the Central Board of Indirect Taxes and Custom (CBIC), Customs duty on bamboo imports by agarbatti manufacturers has been hiked from 10 per cent to 25 per cent.
This is expected to encourage use of domestic bamboo by all industries. Earlier, only the large agarbatti manufacturers were able to import bamboo at lower rate. But due to the reduction in import, farmers as well as MSME agarbatti manufacturers would be benefitted. Moreover, uniform rate will help to prevent misuse and rate related disputes.

Notes:
India’s foreign exchange reserves crossed the half-a-trillion mark for the first time in the week ended June 5.
As per the recent data from the Reserve Bank of India, the forex reserves increased by $8.22 billion the week, which made the overall reserves cross the USD 500 billion mark to reach USD 501.70 billion. A huge rise in the Foreign Current Assets (FCA) is the main reason for the rise in reserves. The reserves stood at USD 493.48 billion in the previous week.

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’s first infectious disease diagnostic lab has been developed with the support of Department of Bio-Technology.
The lab has been developed as a part of the Aatmanirbhar Bharat scheme, in a record time of eight days from the receipt of the Automotive Chassis, from Bharat Benz, a brand of Daimler India Commercial Vehicles. It has Elisa test, rRT-PCR test and Bio chemistry analysers.

Notes:
A Memorandum of Understanding (MoU) was signed between the Indian Embassy, Nepal’s Ministry of Federal Affairs & General Administration and Kathmandu Metropolitan City for the construction of the sanitation facility at the Pashupatinath Temple of Nepal.
The famous temple is also listed under the UNESCO World Heritage site. India has pledged to construct a Rs 2.33 crore sanitation facility at the Temple complex to improve the infrastructure for the pilgrims.

Notes:
Great Wall Motor (GWM), the Chinese carmaker recently signed a Memorandum of Understanding (MoU) with the Maharashtra government.
GWM, also the latest Chinese automaker to enter the Indian market agreed to invest in modernising its Talegaon manufacturing plant. This investment is expected to generate employment for 3,000 people. The company also confirmed its plan to invest USD 1 billion in the Indian market.