Current Affairs Quiz - June, 2020

Notes:
The Central Board of Indirect Taxes and Customs (CBIC) has launched ‘e-Office’ application in over 500 GST and customs offices.
The application has been developed by the National Informatics Centre (NIC). This will enable the automation of internal processes of handling files that have been handled manually and help improve e-governance. Over 50000 officers and staff will use this application.

Notes:
Lieutenant General R M Vohra, a war hero of the 1971 war, recently passed away at the age of 88, after being contracted by COVID-19.
He was a Lieutenant Colonel in command of 4th Horse, the most feared tank regiments of Indian Army. He destroyed 27 enemy tanks which stopped his tanks from crossing the Basantar river. The Lt General was later awarded a Maha Vir Chakra (MVC) and his regiment was awarded the Basantar battle honour.

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:
The Asian Infrastructure Investment Bank (AIIB) has recently approved an additional $750 million loan to strengthen India’s fight against Covid-19.
This loan would be co-financed by the Asian Development Bank (ADB). The funds will be utilised for boosting the businesses in informal sector, providing social security for the deserving and strengthening the health care systems of India.

Notes:
In a violent conflict that took place in the Galwan Valley located in the Union Territory of Ladakh, as many as 20 Indian soldiers were killed.
As per the statement of the Indian Army, the two sides disengaged from the area where the fight happened. The US media reported that its intelligent officials quoted about 35 Chinese troops have been killed. The infrastructure projects that India has undertaken recently, a strategic road through the Galwan Valley, connecting the region to an airstrip, has escalated the conflict.

Notes:
Pune-based Serum Institute of India is set to provide ten million doses of the pneumococcal conjugate vaccine, every year to lower-income countries for the next decade.
The institute has entered into a new supply agreement with the UNICEF that helped to decrease the price of pneumonia vaccine for those nations. As of now, Pneumonia is the biggest killer of children, which claims the life of a child every 39 seconds.

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:
India, which has been elected as a non-permanent member of the Security Council recently, will serve as its president for the month of August, 2021.
India, Norway, Ireland, Mexico and Kenya were elected as the non-permanent members of the 15-nation-UNSC for a two-year term beginning January 1, 2021. Tunisia will begin 2021 as the President of the Council in January. It will be followed by each of the members in turn for one month, as per the English alphabetical order of the name of member states.

Notes:
Reliance Industries has recently become the first Indian company to be valued at $150 billion. It also became the first company to be valued at over Rs 11 lakh crore, in rupee terms.
Reliance Industries is among the most valued energy companies in the world, at present. In the last two months, the company raised about Rs 1.69 lakh crore from global investors and a rights issue. As per the company’s release, Reliance had a net debt of Rs 1,61,035 crore as on March 31, 2020 and with these investments, RIL has become net debt-free.

Notes:
Former Reserve Bank of India Governor Urjit Patel has been appointed as Chairman of the economic think tank, the National Institute of Public Finance and Policy (NIPFP).
Urjit Patel will be the Chairperson of NIPFP for a four-year term from June 22, 2020. He will replace Vijay Laxman Kelkar, who had been the Chairman of the think-tank since 2014. Urjit Patel served as the Deputy Governor of RBI in 2013 and Governor of RBI from 2016 to 2018.