Current Affairs Quiz - June, 2020

Notes:
South Korea recently said that North Korea has blown up the inter-Korean liaison office building, that is located north of the Korean border.
This serious incident followed the recent degradation in the relations between the two countries. North Korea has earlier threatened to engage in military action at the border with South Korea. The two countries jointly set up a liaison office at Kaesong in North Korea in 2003. The Kaesong Industrial Complex is a joint industrial zone operated by both North Koreans and South Koreans.

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:
As per the official confirmation, the US Open tennis championships will be held as scheduled in the month of August.
The championships will be held without spectators, in Queens, New York from August 31 to September 13. The New York Governor Andrew Cuomo formally gave approval to the event. There was uncertainty around the tournament, as the location is the epicentre of Covid-19 crisis in the US. Safety procedures and sanitation protocols would be followed.

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:
Prime Minister of India Narendra Modi launched the auction process for 41 coal blocks for commercial mining, to open coal sector of India to private players.
The Ministry of Coal in association with FICCI launched the process of auction under the provisions of Coal Mines (Special Provisions) Act and Mines and Minerals (Development and Regulation) Act. The auction is expected to invite Rs 33,000 crore of capital investment in the country over next five to seven years.

Notes:
Ministry of Housing & Urban Affairs signed a MoU with Small Industries Development Bank of India (SIDBI), to engage SIDBI as the Implementation Agency for PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi).
The scheme aims to provide a working capital loan up to Rs 10000 to street vendors, who have been adversely affected by the Covid-19 lockdown. The loan is repayable in monthly instalments in 1-year tenue. On prompt payment, a subsidy of 7% per annum is also provided.

Notes:
The Union Ministry of Tribal Affairs along with FICCI and two private healthcare institutes organised a webinar titled ‘National Sickle Cell Conclave’, to mark World Sickle Cell Day.
Tribal Affairs Minister Arjun Munda addressed the webinar and announced that the government has launched a new portal with registration facility, information about the disease and various government initiatives undertaken. The Ministry has initiated ‘Action Research’ project for helping SCD patients. A report titled ‘Stepping out of the shadows – Combating Sickle Cell Disease in India’ was released.

Notes:
The Chairman and Managing Director of Reliance Industries, Mukesh Ambani is the world’s ninth richest billionaire on the Forbes Real-time Billionaires List.
With a net worth of $64.6 billion, he is ahead of Google co-founders Larry Page and Sergey Brin. The market capitalisation of Reliance Industries (RIL) crossed the Rs 11-trillion mark recently. The company also announced itself net debt free while it had net debt of Rs 1.61 trillion in March 2020. In the same month, Ambani was ranked 21st on Forbes’ annual billionaire list.

Notes:
World Music Day is celebrated on June 21, to promote peace and spread positivity through music. The event is also popularly called as ‘Fete de la Musique’.
This special day was a music festival, which began in France in 1982. French Minister of Culture Jack Lang proposed the idea of the celebration of Music Day in the year 1981. Every year, on this day, amateur and professional musicians are encouraged to showcase their work.