Current Affairs Quiz - June, 2020

Notes:
Former Reserve Bank of India Governor Urjit Patel has been appointed as Chairman of the economic think tank, the National Institute of Public Finance and Policy (NIPFP).
Urjit Patel will be the Chairperson of NIPFP for a four-year term from June 22, 2020. He will replace Vijay Laxman Kelkar, who had been the Chairman of the think-tank since 2014. Urjit Patel served as the Deputy Governor of RBI in 2013 and Governor of RBI from 2016 to 2018.

Notes:
The US Chamber of Commerce has recently announced that ‘India Ideas Summit 2020’ is scheduled to be held virtually on July 21-22.
The summit is organised by US India Business Council (USIBC). This year is the 45th annual meeting and will focus on geopolitics in the post-COVID world, technology trends and the future of healthcare, among others. Last year, the Summit was organised in Washington. It brings together scholars, diplomats and think tanks for high-level dialogue on key issues related to India.

Notes:
Union Minister of Women and Child Development Smriti Irani launched a special campaign titled ‘Empowering the Greater 50%’.
This campaign is an initiative of Federation of Indian Chambers of Commerce and Industry (FICCI) and its division FICCI Ladies Organization (FLO). It seeks to create an ecosystem to support women entrepreneurship and empower as many as 1 lakh women in India over the next three years.

Notes:
BMW India, the Indian arm of the Luxury car maker BMW Group has recently named Vikram Pawah as its President.
He is to continue to serve in his present role as Chief Executive Officer of BMW Group Australia and New Zealand. The previous President and Chief Executive Officer Rudratej Singh suddenly passed away in the month of April. Pawah has been engaged with the BMW Group from the year 2017.

Notes:
The Union Ministry of Corporate affairs (MCA) has proposed to decriminalise some compoundable offences under the Limited Liability Partnership (LLP) Act.
In the draft proposal, the Ministry has listed as many as 20 sections of the LLP Act and sought public comments and stakeholder consultations. It includes change of designated partners, maintaining books of accounts etc. Certain minor, procedural or technical violations which does not involve any harm to public interest are to be decriminalized.

Notes:
According to the data from the US Treasury Department, India has become the 12th largest holder of US government securities at the end of April.
Japan stood at the first position by holding securities worth 157.4 billion dollars. It is followed by China at 1.1 trillion dollars and the UK at 368.5 billion dollars. At the end of April, India had an exposure of 157.4 billion dollars.

Notes:
As per the recent data from Vietnam, the 36th ASEAN Summit will be held via video conference on June 26.
Vietnam is the chair of ASEAN in 2020 and its Prime Minister Nguyen Xuan Phuc will chair the opening session, plenary session and special sessions on woman empowerment in digital era among other meetings. The 36th ASEAN Summit, which had been scheduled to be held in April, has been postponed to June end due to COVID-19.

Notes:
Union Information and Broadcasting Minister Prakash Javadekar has recently inaugurated the India Pavilion at the Cannes Film Market 2020 virtually.
The Indian pavilion at Cannes Film Market has been jointly set up by Ministry of Information & Broadcasting and Federation of Indian Chambers of Commerce and Industry (FICCI). The Minister also informed that the Marathi movie titled ‘Mai Ghat’ and the Gujarati movie ‘Hellaro’ are the official entrants to be showcased in the Cannes film festival this year.

Notes:
Union Minister of Human Resource Development, Ramesh Pokhriyal Nishank has recently launched an initiative named ‘YUKTI 2.0’.
YUKTI stands for ‘Young India combating COVID with Knowledge, Technology and Innovation’. Earlier, the Minister launched the YUKTI portal on April 11, 2020. The 2.0 portal will serve as an online depository for innovative ideas and help students, teachers and researchers in higher educational institutions.

Notes:
The United Nations observes 23 June as International Widows Day since 2011. The theme of ‘International Widows Day’ 2020 is ‘Invisible Women, Invisible Problems’.
The day highlights the necessity to provide them access to Inheritance rights, pension and social protection, decent work and equal pay. UN also urges governments to ensure the rights of widows as per international laws including the Convention on the Elimination of All Forms of Discrimination Against Women.