Current Affairs Quiz - June, 2020

Notes:
TRIFED (Tribal Cooperative Marketing Development Federation of India) recently organised a webinar titled “Van Dhan: Tribal Start-ups Bloom in India”.
As per the Managing Director of TRIFED, the target of TRIFED is to expand the current coverage of 8,000 SHGs to 50,000 Van Dhan SHGs. The number of tribal gatherers is also to be made three times to 10 lakhs, through the Covid19 relief plan of the Tribal Affairs Ministry. TRIFED website was commissioned for a trial run.

Notes:
Facebook owned social media major WhatsApp has launched its ‘WhatsApp Pay’ for the first time in Brazil.
Two years ago, WhatsApp began testing the payments service in India, which enables users to send and receive money. However, the plan could not be materialised due to regulatory issues. WhatsApp has designed the payment system with a special six-digit PIN or fingerprint authorisation to prevent unauthorised transactions.

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:
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.

Notes:
Union Ministry of Earth Sciences has recently released a report titled ‘Assessment of Climate Change over the Indian Region’.
As per the first edition of the report released this year, the average surface air temperatures over India could rise by up to 4.4 degrees Celsius by the end of the century, in a worst-case scenario. This estimate is provided as compared to the period between 1976 and 2005. The report also revealed that under an intermediate scenario, the country’s average temperature could rise by up to 2.4°C.

Notes:
Reliance Industries has recently become the first Indian company to be valued at $150 billion. It also became the first company to be valued at over Rs 11 lakh crore, in rupee terms.
Reliance Industries is among the most valued energy companies in the world, at present. In the last two months, the company raised about Rs 1.69 lakh crore from global investors and a rights issue. As per the company’s release, Reliance had a net debt of Rs 1,61,035 crore as on March 31, 2020 and with these investments, RIL has become net debt-free.

Notes:
Veteran economist and retired IAS officer BPR Vithal Baru passed away recently, at the age of 93, due to age-related ailments.
Vithal Baru had served in several important assignments including Secretary Finance and Planning in the state of Andhra Pradesh from 1972 to 1982 and Member of 10th Finance Commission. He had also been the Chairman of Expenditure Commission, Kerala. He also established the Centre for Economic and Social Studies (CESS), Hyderabad.

Notes:
Union Minister for Coal and Mines Pralhad Joshi has recently launched SATYABHAMA (Science and Technology Yojana for Aatmanirbhar Bharat in Mining Advancement) Portal.
The portal has been launched for Science and Technology Programme Scheme of Ministry of Mines. It has been designed and implemented by National Informatics Centre (NIC), Mines Informatics Division. The portal aims to promote Research and Development in Mining and Mineral sector.

Notes:
According to the latest report by the economic wing of State Bank of India (SBI), India’s per capita income (PCI) is to decrease by 5.4 per cent in 2020-21.
The main reason for this dip is due to the effect of Covid-19 pandemic. The report also revealed that this decline in PCI is higher than the nominal GDP decline of 3.8 per cent. The states that would witness the maximum hit in PCI would be Delhi, Chandigarh, and Gujarat with 15.4 per cent, 13.9 per cent and 11.6 per cent, respectively.

Notes:
China recently announced that it will join the United Nations (UN) Arms Trade Treaty. China’s top legislative body voted to adopt a decision on joining the treaty.
Under the treaty, the member countries ought to keep records of international transfers of weapons. The members should also prohibit cross-border shipments that could be used in human rights violations. Earlier, the United States had rejected to join in the treaty, which has been designed to control the flow of weapons into conflict zones.