Current Affairs Quiz - June, 2020

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:
Union Finance Minister Nirmala Sitharaman chaired the GST Council recently. As per the announcement, for all those with no tax liabilities, there is no late fee for failing to file returns between July 2017-Jan 2020.
For persons with tax liability, the maximum late fee for non-filing of GSTR-3B returns for the same period is Rs 500. This includes all returns submitted during July 1- September 30, 2020. For tax payers with turnover up to Rs 5 crore, the rate of interest for late furnishing of GST returns for February to April beyond July 6, is reduced from 18% to 9% per annum, till this September end.

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:
US space agency NASA has selected Kathy Lueders as its first female head of human spaceflight mission.
NASA has successfully sent two astronauts to the International Space Station (ISS) on board a SpaceX Falcon 9 rocket. In its next mission, it aims to land humans on the Moon by 2024. Kathy Lueders, who is currently the Commercial Crew Program Manager, has been named NASA’s next associate administrator of the Human Exploration and Operations (HEO) Mission Directorate.

Notes:
The Andhra Pradesh government has recently signed a concession agreement with GMR Airports for construction of a greenfield international airport at Bhogapuram.
The proposed place is located in Vizianagaram district, which about 40 km from Visakhapatnam. The concession agreement was signed in the presence of Chief minister YS Jagan Mohan Reddy. The state cabinet had earlier approved the selection of the GMR Group as the developer for Bhogapuram international airport.

Notes:
The lower house of Nepal parliament, Pratinidhi Sabha passed bill to include India’s territories of Kalapani, Limpiyadhura and Lipulekh in Pithoragarh district of Uttarakhand in its new map.
Nepal’s upper house of parliament has also endorsed proposal to update its political map that includes the Indian territories. However, India has claimed that the updated map is not based on historical facts and evidence and that the move is violative of the current understanding to hold talks on outstanding boundary issues.

Notes:
A 500-year-old ancient temple of Lord Vishnu that was submerged in Odisha’s Mahanadi river during 19th century has reappeared after 15 years.
The river is said to have been submerged due to change of course of the river. The Indian National Trust for Art and Cultural Heritage’s archaeological survey team visited the village in Nayagarh district and said that the top of the Gopinath Dev temple was visible due to the reduction in the water-level of the river.

Notes:
As per the recent report of UN Conference on Trade and Development (UNCTAD), India received $51 billion of foreign investments in 2019.
With $51 billion, India was the world’s 9th largest recipient of foreign direct investments (FDI) in 2019. This rank was released in the flagship report of UNCTAD titled ‘The World Investment Report 2020’ released recently. Last year, India managed to attract 42 billion dollars of FDI with the rank of 12. India’s market will continue to attract market-seeking investments, UNCTAD said.

Notes:
India is ranked 43rd on the annual World Competitiveness Index compiled by the Institute for Management Development (IMD).
It has retained the same 43rd rank obtained in the previous edition. In the 2020 list that ranks 63 nations, Singapore has retained its top spot. It is followed by Denmark and Switzerland. However, the United States moved down from 3rd place to 10th place. While India improved in high-tech exports, foreign currency reserves etc, it degraded in areas like exchange rate stability, real GDP growth.

Notes:
In a violent conflict that took place in the Galwan Valley located in the Union Territory of Ladakh, as many as 20 Indian soldiers were killed.
As per the statement of the Indian Army, the two sides disengaged from the area where the fight happened. The US media reported that its intelligent officials quoted about 35 Chinese troops have been killed. The infrastructure projects that India has undertaken recently, a strategic road through the Galwan Valley, connecting the region to an airstrip, has escalated the conflict.