Current Affairs Quiz - June, 2020

Notes:
Leading payments bank of India, Airtel Payments Bank has recently launched a salary account for micro, small and medium enterprises (MSME).
Named as the ‘Suraksha Salary’ account, it will enable MSMEs and other organisations to make cashless payments. It also provides Hospicash Insurance and Personal Accidental insurance cover. As of now, it is only available to new customers and will be extended to existing account holders soon.

Notes:
As per the recent report of UN Conference on Trade and Development (UNCTAD), India received $51 billion of foreign investments in 2019.
With $51 billion, India was the world’s 9th largest recipient of foreign direct investments (FDI) in 2019. This rank was released in the flagship report of UNCTAD titled ‘The World Investment Report 2020’ released recently. Last year, India managed to attract 42 billion dollars of FDI with the rank of 12. India’s market will continue to attract market-seeking investments, UNCTAD said.

Notes:
Leading social-media platform Twitter has recently launched a dedicated search prompt that will direct people looking for domestic violence-related keywords to authentic information from the Ministry of Women and Child Development and National Commission for Women.
The search prompt will be available on iOS, Android and will be in English and Hindi languages. The prompt will also direct them towards sources of help available on Twitter. This initiative is an expansion of #ThereIsHelp prompt, which was launched to provide information on critical issues.

Notes:
India has been recently elected as the non-permanent member of UN Security Council for 2021-22, along with Ireland, Mexico and Norway. India’s term is to begin from January 2021.
Each year the General Assembly elects five non-permanent members, out of the 10 total seats, for a two-year term. In the recent election, India won 184 votes out of 192 valid votes cast. Previously, India has been elected as a non-permanent member of the Council for seven terms.

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 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:
Veteran Social worker Vidyaben Shah passed away recently at the age of 98, at her residence in Delhi.
She was regarded as the pioneer in the field of child welfare, as she established the first Bal Bhavan in Rajkot during 1940s. She also served as the president of the Indian Council for Child Welfare (ICCW). She was awarded the Padma Shri in 1992 and received the National Award for outstanding services in the field of child welfare in 1986.

Notes:
Indian Government’s think tank NITI Aayog in collaboration with International Transport Forum (ITF) will launch the “Decarbonising Transport in India” project on 24 June.
The project seeks to promote low-carbon transport system for India. Since 2008, India has been a member of ITF, which is an intergovernmental organisation for transport policy. The project is part of the “Decarbonising Transport in Emerging Economies” (DTEE) family of projects. India, Argentina, Azerbaijan, and Morocco are the present participants of DTEE.

Notes:
The annual Ambubachi Mela at the Kamakhya temple in the state of Assam has begun, but without devotees.
The traditional rituals would only be performed in the Kamakhya temple, located atop of Nilachal Hills and is regarded as one of 51 Shakti Peeths. This is the most awaited festival among the devotees usually attracts more than 25 lakh visitors has been cancelled this year. The temple was shut for visitors since March 20, due to the Covid-19 induced restriction.

Notes:
Under the recently signed agreement, France committed to provide 200 million euros to India, to support the country’s response to tackle COVID-19.
The programme design has been developed by the World Bank in collaboration with the Indian authorities. It seeks to fast track the existing social protection measures of the Indian Government including the Pradhan Mantri Garib Kalyan Yojana. The programme will provide assistance to low-income families and protect essential frontline workers.