Current Affairs Quiz - June, 2020

Notes:
The Government of India has proposed to appoint two transaction advisors for assisting the Department of Investment and Public Asset Management (DIPAM) in preparing the Initial Public Offering (IPO) of Life Insurance Corporation of India.
In the Union Budget 2020, Finance Minister proposed that the government will sell a part of its holding in LIC through an initial public offering. This IPO is expected to be the largest ever in the country and the advisors are asked to submit their bids till July 13.

Notes:
Recently, a team of astronomers at NASA and European Space Agency ESA have discovered a neutron star called ‘Swift J1818.0-1607’.
The neutron star has been estimated to be about 240 years old. It was first discovered in March 2020, when it released a massive burst of X-rays. Neutron stars are the smallest and densest stars. According to NASA, Swift J1818.0-1607 contains twice the mass of our Sun in a volume of more than one trillion times smaller.

Notes:
The Union Ministry of Tribal Affairs along with FICCI and two private healthcare institutes organised a webinar titled ‘National Sickle Cell Conclave’, to mark World Sickle Cell Day.
Tribal Affairs Minister Arjun Munda addressed the webinar and announced that the government has launched a new portal with registration facility, information about the disease and various government initiatives undertaken. The Ministry has initiated ‘Action Research’ project for helping SCD patients. A report titled ‘Stepping out of the shadows – Combating Sickle Cell Disease in India’ was released.

Notes:
The Finance ministry has recently proposed restrictions on pension fund investments from any of India’s bordering countries, including China.
Foreign Direct investment (FDI) in pension funds, that are regulated by the Pension Fund Regulatory and Development Authority (PFRDA) is fixed at 49 per cent under the automatic route. Till now, government permission is mandatory only for investments coming from Bangladesh and Pakistan. The draft guidelines make government permission mandatory for all bordering countries.

Notes:
Atal Innovation Mission (AIM) has partnered with Coal India Limited (CIL) to boost its Innovation & Entrepreneurship initiatives.
During a virtual e-summit held between AIM and CLI, a Statement of Intent (SoI) of strategic partnership between them was signed and exchanged. Under the collaboration, several programs will be conducted by them to promote innovation ecosystem through the initiatives of Atal Innovation Mission (AIM).

Notes:
The Indian Space Research Organisation (ISRO) has received a patent for its Liquid Cooling and Heating Garment (LCHG).
The special garment is made up of bio-compatible fabrics and a system for circulating temperature controlling fluid into and out of the garments. This would provide a comfortable temperature to the astronauts wearing it in space. The garments can also be used in other military applications, fire-fighting and in extreme environments in industrial areas.

Notes:
World Music Day is celebrated on June 21, to promote peace and spread positivity through music. The event is also popularly called as ‘Fete de la Musique’.
This special day was a music festival, which began in France in 1982. French Minister of Culture Jack Lang proposed the idea of the celebration of Music Day in the year 1981. Every year, on this day, amateur and professional musicians are encouraged to showcase their work.

Notes:
Invest India was set up as a non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry in 2009.
It focusses on sector-specific investor targeting and develops new partnerships for investments in India. Recently, the Minister of Food Processing Industries Harsimrat Kaur Badal launched the Food Processing Edition of the Exclusive Investment Forum, designed by Invest India.

Notes:
The PM CARES Fund Trust has allocated Rs 1000 crore for the welfare of migrant labourers, to all states and UTs.
The distribution of the fund is based on the formula of 50% weightage for the population as per 2011 census, 40% weightage for number of positive COVID-19 cases and 10% for equal distribution among all the States/UTs. This fund will be deployed for arranging accommodation, food, medical treatment and transportation of the migrants.

Notes:
The state government of Haryana and Reliance Jio TV have signed an agreement to telecast education material to school children.
The new agreement is done under the Chief Minister’s Distance Education Programme in order to expand education in rural areas. All four channels of the ‘Edusat’ platform will be available on the Jio platform free of cost, which will benefit around 52 lakh school children in rural areas.