Current Affairs Quiz - June, 2020

Notes:
Achyut Kashinath Sinai Usgaonkar, former Goa Minister passed away recently, at the age of 92, due to age-related ailments.
Achyut Usgaonkar was a leader of the Maharashtrawadi Gomantak Party (MGP), the oldest regional party in Goa. He served as a cabinet Minister from 1977 to 1979. Before that, he also served as the deputy speaker of Goa during the government of Dayanand Bandodkar, the first chief minister of Goa.

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:
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:
The United States Senate has named that veteran Indian-American scientist Dr. Sethuraman Panchanathan as the Director of the National Science Foundation (NSF).
NSF is a top American body, that promotes fundamental research in non-medical fields of science and engineering. The 58-year old Scientist is the Chief Research and Innovation Officer at Arizona State University, at present. He is to replace France Cordova as the 15th Director of the NSF. He is also the second Indian-American ever to be nominated for the position.

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 Chairman and Managing Director of Reliance Industries, Mukesh Ambani is the world’s ninth richest billionaire on the Forbes Real-time Billionaires List.
With a net worth of $64.6 billion, he is ahead of Google co-founders Larry Page and Sergey Brin. The market capitalisation of Reliance Industries (RIL) crossed the Rs 11-trillion mark recently. The company also announced itself net debt free while it had net debt of Rs 1.61 trillion in March 2020. In the same month, Ambani was ranked 21st on Forbes’ annual billionaire list.

Notes:
The Uttar Pradesh Government has started using rail coaches as isolation units for COVID-19 suspected patients.
COVID coaches are deployed at Mau junction in Varanasi in the state of Uttar Pradesh, in a first in the country. Indian Railways is ready to offer as many as 5,231 isolation coaches to the states and the respective zonal railways have converted the coaches as quarantine facilities. After Uttar Pradesh, Delhi, Andhra Pradesh, Telangana and Madhya Pradesh have also been using rail coaches.

Notes:
A bailey bridge located nearly 50 kilo meters from the Sino-India border has recently collapsed, when a truck carrying a JCB machine was crossing.
The bridge is located in the state of Uttarakhand, which collapsed on increasing the weight over its capacity. The 40-feet-long bridge was built in the year 2009. As the bridge collapsed, about 15 border villages of Johar Valley have been cut off. It is estimated to take 15 days to construct a new bridge.

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.

Notes:
The National Statistical Office (NSO) has recently announced that India has retained its position as the third-largest economy after China and the US in terms of purchasing power parity (PPP) for 2017.
The government quoted the World Bank data and said that India accounted for 6.7 per cent (USD 8,051 billion out of the total of USD 119,547 billion) of global GDP in terms of PPP. India is also third-largest economy in terms of its PPP-based share in global actual individual consumption and global gross capital formation.