Current Affairs Quiz - June, 2020

Notes:
Chinese internet company ByteDance has recently announced that it is set to discontinue two of its applications Vigo Video and Vigo Lite.
The applications that allow users to create and share short videos, will be discontinued in India at the end of October 2020. ByteDance also said the users can opt to transfer their videos to TikTok, download or delete all their Vigo data from the app.

Notes:
The team of Department of Zoology, Jawaharlal Nehru College, Pasighat discovered a new fish species in the state of Arunachal Pradesh.
Named as ‘Schizothorax sikusirumensis’, the fish belongs to the genus Schizothorax. The name of the fish species represents the name of the rivers where it was found, the junction of River Siku and Sirum of East Siang District.

Notes:
The Reserve Bank of India (RBI) took over the powers to regulate HFCs from the National Housing Bank (NHB) in August 2019.
Recently, RBI proposed to modify the rules of housing finance firms, which includes the formal definition of housing finance as “financing, for purchase/ construction/ reconstruction/ renovation/ repairs of residential dwelling unit”. RBI also proposed to classify HFCs as systemically important HFCs and non-systemically important HFCs.

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:
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 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:
The think tank of the Union Government, NITI Aayog has advised Bharat Sanchar Nigam Ltd (BSNL), to use an indigenously designed, developed and manufactured (IDDM) solution for its 4G network.
Earlier, the Government also urged that both BSNL and Mahanagar Telephone Nigam (MTNL) must not use Chinese equipment for the 4G services. BSNL has floated a 4G tender and if NITI Aayog’s recommendation is accepted, it could have an adverse impact on global telecom gear manufacturers, from both China and Europe.

Notes:
The Rajya Sabha consists of not more 238 members representing the States and Union Territories, and 12 members nominated by the President. Each member is elected for a term of six years.
In the recent elections to 19 seats in 10 states, BJP won eight and Congress won four seats. The current strength of Rajya Sabha goes up to 244, of which BJP has 86 members and the National Democratic Alliance NDA’s tally is expected to cross 100. The Congress has 41 members while others have 27.

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.