Current Affairs Quiz - June, 2020

Notes:
Two Indian firms namely ZestMoney and Stellapps feature in the new list of Tech Pioneers released by the World Economic Forum (WEF).
The 100 firms selected as pioneers will be invited to participate at World Economic Forum workshops, events and high-level discussions. Zestmoney offers affordable credit as an alternate to traditional way of finance. Stellapps, is a farm-to-consumer dairy technology solutions company.

Notes:
India is ranked 43rd on the annual World Competitiveness Index compiled by the Institute for Management Development (IMD).
It has retained the same 43rd rank obtained in the previous edition. In the 2020 list that ranks 63 nations, Singapore has retained its top spot. It is followed by Denmark and Switzerland. However, the United States moved down from 3rd place to 10th place. While India improved in high-tech exports, foreign currency reserves etc, it degraded in areas like exchange rate stability, real GDP growth.

Notes:
‘International Day of Family Remittances (IDFR)’ is celebrated on June 16, every year across the world.
This year, the International Day is observed with the theme of “Remittances are a lifeline”. The United Nations that designated the day, also calls upon governments, private sector companies and the civil society, to maximize the impact of remittances through individuals.

Notes:
The Union Sports Ministry is set to establish Khelo India State Centres of Excellence (KISCE) under the flagship Khelo India Scheme.
One KISCE will be identified in each state and union territory, to create a strong sporting ecosystem in the country. In the first phase, the Ministry has identified the sports facilities in eight states out of the 15 proposals, to be converted to KISCEs. The eight centres will be given a grant and the government will extend a Viability Gap Funding, for upgradation.

Notes:
The Asian Paralympic Committee (APC) recently announced that Bahrain will host the fourth edition of the Asian Youth Para Games from December 1 to 10 next year.
This would be the first time that Bahrain is to host a big para-sport event, which will take place across several venues in Khalifa Sports City and Isa Sports City of the country. Around 800 athletes under the age of 20 are expected to take part in the event in nine different sports.

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:
US President Donald Trump signed an act to authorise sanctions against Chinese officials over the mass incarceration of Uighur Muslims and other minorities.
The legislation requires the US administration to determine which Chinese officials are responsible for the arbitrary detention, torture and harassment of the minorities. Then, the U.S would freeze any assets held by the officials in the country and would also ban their entry into the U.S. As per some activists, over one million Uighurs and other Turkic Muslims are being homogenised in China.

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:
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:
Union Minister of Women and Child Development Smriti Irani launched a special campaign titled ‘Empowering the Greater 50%’.
This campaign is an initiative of Federation of Indian Chambers of Commerce and Industry (FICCI) and its division FICCI Ladies Organization (FLO). It seeks to create an ecosystem to support women entrepreneurship and empower as many as 1 lakh women in India over the next three years.