Current Affairs Quiz - June, 2020

Notes:
The All India Football Federation (AIFF) has recently recommended former skipper IM Vijayan for the country’s fourth highest civilian award, the Padma Shri.
The 51-year-old legendary player served as the India striker. Since he made his debut in the early 90s, he had scored 40 goals in 79 matches for India. He was also awarded the prestigious Arjuna award in 2003. Six Indian footballers including Bhaichung Bhutia and Sunil Chhetri have earlier won the Padma Shri award.

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:
The fossil of Stegodon, a variety of the elephant, was recently discovered near Saharanpur in the state of Uttar Pradesh.
Stegodon is an extinct type of elephant with unique tusks and molars, that was found at an early age in Asia and Africa. The fossil found is claimed to be five to eight million years old and from the Dhok Pathan formation of Siwalik range. More researches are to be carried out in the vicinity of the place.

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 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:
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:
Technology major Google has announced that it has introduced a new feature called Fact-Checked’ labels for search images, to curb misinformation.
It will identify misleading photos in its specific search tool for images with the label. These fact-checking labels have been already used in its main search results and on video-streaming site YouTube. IT has now extended to images as well.

Notes:
The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) is an UN agency created to support the relief and human development of Palestinian refugees. Its headquarters is located in Amman, Jordan.
Recently, India has pledged contributing 10 million US dollar to the UNWRA over the next two years. This was announced during the Extraordinary Virtual Ministerial Pledging Conference for UNRWA. This year, India has already disbursed two million dollars and will soon remit the balance three million dollars. India also provides 250 annual scholarships to Palestinian youth and officials.