Current Affairs Quiz - June, 2020

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:
The state government of Andhra Pradesh has recently launched a financial assistance scheme called ‘Jagananna Chedodu’.
The scheme aims to provide direct cash transfer of Rs 10,000 into the bank accounts of each of 2,47,040 beneficiaries every year. The beneficiaries include barbers, washermen and tailors. The government has also released Rs 247.04 crore for the implementation of this scheme.

Notes:
Research institute of Brazil, the National Institute for Space Research (INPE) has announced that the Amazon rainforest witnessed deforestation of 829 sq km in May 2020.
This is the highest monthly level of deforestation observed in the forest since 2015. The institute also announced that deforestation increased by 91 sq km compared to the same period last year. The Prime Minister of Brazil is advocating for farming and mining in protected areas to improve economy.

Notes:
The PM CARES fund has the Prime Minister as its ex-officio Chairperson. It has the Union Ministers of Defence, Home and Finance as its ex-officio trustees. The Prime Minister has the power to nominate three trustees to the Board.
Recently, the trustees of PM CARES fund appointed SARC Associates as the independent auditor of the fund for three years. The Prime Minister’s Office will be its head office and two PMO officials will administer the fund on an honorary basis.

Notes:
The World Blood Donor Day is celebrated on June 14, every year across the world. The day is celebrated to raise awareness about the need for safe blood and blood products.
On this day, general public and other institutions thank blood donors. The theme of ‘World Blood Donor day 2020’ is – Safe blood saves lives. In the year 2005, the World Health Assembly designated this date to thank blood donors and encourage more people to donate blood. It also calls governments to provide resources for blood collection.

Notes:
Veteran Hockey coach Sreedhar Shenoy from the state of Kerala has recently passed away. He has produced more than 5000 players including Olympian Dinesh Naik.
He played a crucial role in nurturing hockey at the school level in the state. He served as a great coach and tournament organiser of hockey matches. He has trained various national players including P.R. Sreejesh. He was also the coach for the State senior and junior hockey teams.

Notes:
Chinese internet company ByteDance has recently announced that it is set to discontinue two of its applications Vigo Video and Vigo Lite.
The applications that allow users to create and share short videos, will be discontinued in India at the end of October 2020. ByteDance also said the users can opt to transfer their videos to TikTok, download or delete all their Vigo data from the app.

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:
‘International Day of Family Remittances (IDFR)’ is celebrated on June 16, every year across the world.
This year, the International Day is observed with the theme of “Remittances are a lifeline”. The United Nations that designated the day, also calls upon governments, private sector companies and the civil society, to maximize the impact of remittances through individuals.

Notes:
The investment arm of NABARD (National Bank for Agriculture and Rural Development), NABVENTURES Fund I has made its first investment in rural fintech start-up Jai Kisan.
NABVENTURES was launched in May 2019 with a proposed corpus of over ₹500 crore. The investment was made in the Mumbai-based start-up as part of a ₹30 crore funding round. Jai Kisan plans to invest the capital for hiring personnel and investing in its technology platform.