Current Affairs Quiz - June, 2020

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:
The Indian Space Research Organisation (ISRO) has received a patent for its Liquid Cooling and Heating Garment (LCHG).
The special garment is made up of bio-compatible fabrics and a system for circulating temperature controlling fluid into and out of the garments. This would provide a comfortable temperature to the astronauts wearing it in space. The garments can also be used in other military applications, fire-fighting and in extreme environments in industrial areas.

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:
The Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) is a regional body comprising nine countries. It is an associate member of the Financial Action Task Force (FATF).
The members of EAG include Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan and Belarus. Recently, Indian officials attended the virtual 32nd special EAG plenary meeting through video-conferencing, under the aegis of the Financial Action Task Force.

Notes:
Every year the United Nations Public Service day is observed on June 23 to honour people engaged in public service, around the world.
On 20 December 2002, the United General Assembly designated 23 June as UN Public Service Day. The United Nations also established the UN Public Service Awards (UNPSA) programme in 2003, to recognise the UN Public Service Day and to encourage youngsters to take up their career in public sector.

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 state government of Rajasthan has signed a tripartite agreement with the Power Grid Corporation of India and the Educational Consultants India for establishing of smart classrooms.
The initiative has been taken to promote online education during the COVID-19 lockdown. As many as 100 schools are selected for setting up smart class rooms. The schools situated in remote areas and the recently selected government schools to be converted into English medium schools will be given top priority.

Notes:
According to the new study published in the Astronomical Journal, the researchers have detected the exoplanet HIP 67522 b.
The exoplanet appears to be the youngest hot Jupiter ever found. It also orbits around a well-studied star that is about 17 million years old. This means that the hot Jupiter is only a few million years younger probably. As most known hot Jupiters are more than a billion years old, this is likely the youngest hot Jupiter.

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 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.