Current Affairs Quiz - June, 2020

Notes:
Scientists in UK have claimed that the generic steroid drug dexamethasone has reduced deaths by up to one third in severely ill hospitalised patients, affected by COVID-19.
This result is a part of one of the world’s largest randomised trial of drugs to treat COVID-19 patients, that also showed hydroxychloroquine was not working against the coronavirus. The drug is shown to cut the risk of death by a third for patients on ventilators and a fifth for those on oxygen. However, World Health Organisation said that the drug is reserved for severely ill and critical patients.

Notes:
India has been recently elected as the non-permanent member of UN Security Council for 2021-22, along with Ireland, Mexico and Norway. India’s term is to begin from January 2021.
Each year the General Assembly elects five non-permanent members, out of the 10 total seats, for a two-year term. In the recent election, India won 184 votes out of 192 valid votes cast. Previously, India has been elected as a non-permanent member of the Council for seven terms.

Notes:
Union Health and Family Welfare Minister, Dr. Harsh Vardhan has recently launched India’s first mobile lab for COVID-19 testing to promote last mile testing access in rural India.
The Infectious Disease Diagnostic Lab (I-LAB) has been launched with the support of the Department of Biotechnology, Ministry of Science and Technology, under the COVID command strategy. This mobile lab will be deployed in the remote and inaccessible parts of the country. It can perform 25 RT-PCR tests and 300 ELISA tests per day.

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:
The Indian Institute of Technology (IIT), Guwahati, in association with Guwahati Medical College and Hospital (GMCH) and a private firm has developed low-cost diagnostic kits for Covid-19.
The Viral Transport Media (VTM) kits have two transport media for collecting swabs. These unique formulation of the transport medium helps in preserving the viability of viruses for up to 72 hours at refrigerated temperatures. The institution has also developed RT-PCR kits, and RNA isolation kits. Large scale production of these kits has commenced for deploying across the state and the country.

Notes:
Leading Indian FinTech company MobiKwik has partnered with e-commerce majors including Flipkart, Snapdeal and Confirmtkt, to promote digital ecosystem in India.
MobiKwik has introduced a new product for its partners called ‘MobiKwik Biller Stack’, using which the users of the e-Commerce platforms can pay utility bills through their application. Payment of all bills including electricity, TV, mobile recharge can be done easily through the feature, from multiple payment options.

Notes:
India’s first listed stock exchange Bombay Stock Exchange (BSE) has featured among the world’s 10 largest exchanges in terms of cumulative market capitalisation of all companies listed on its platform.
As per the latest data from the World Federation of Exchanges, BSE stands at the tenth place in the list, with a market capitalisation of USD 1.7 trillion. The list is topped by the New York Stock Exchange (NYSE) with a valuation of USD 19.3 trillion. It is followed by Nasdaq with a market capitalisation of USD 13.8 trillion.

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:
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.