Current Affairs Quiz - June, 2020

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:
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 high-powered panel constituted by SEBI, has released its report to improve inquiry and enforcement processes of the market regulator.
The panel has been chaired by a retired judge of the Supreme Court- Justice Anil R Dave, has released its comprehensive report to SEBI. The report focusses on reducing timeline for passing final orders, improving recovery processes, quantifying alleged gains while levying penalties and interplay between SEBI norms and provisions of the Insolvency and Bankruptcy Code (IBC).

Notes:
An annular solar eclipse would occur on 21 June this year. The annular phase is expected to be visible from some places of the country.
It would be seen as partial solar eclipse from the rest part of the country. A solar eclipse occurs when the moon passes between the sun and the earth and blocks the light of the sun from reaching the earth. As a result, the shadow of the moon is cast on the earth. Annular eclipse happens when the moon is farthest from the earth and a ring of fire structure is seen.

Notes:
Manila-based Asian Development Bank recently announced that the economy of India would contract by 4% in the financial year 2020-21.
In its earlier outlook released in the month of April, it had estimated that India would grow at 4%. But it has been reduced to -4%. It also projected that the GDP of India would grow at 5.0% in the following year, as compared to 6.2% projected in April. A growth of 0.1% is expected for the whole Developing economies of Asian region.

Notes:
The National Centre of Polar and Ocean Research (NCPOR) has found that the Arctic Ocean has seen the largest decline in the last 41 years due to global warming.
This has led to localised increase in evaporation, air humidity, cloud cover and rainfall. NCPOR noted that this decline in Arctic Sea ice was -13 per cent in July 2019 while it was -4.7 per cent per decade in the last 40 years. The study also noted that if this trend continues, there would be no ice left in the Arctic sea by 2050.

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:
Leading Indian FinTech company MobiKwik has partnered with e-commerce majors including Flipkart, Snapdeal and Confirmtkt, to promote digital ecosystem in India.
MobiKwik has introduced a new product for its partners called ‘MobiKwik Biller Stack’, using which the users of the e-Commerce platforms can pay utility bills through their application. Payment of all bills including electricity, TV, mobile recharge can be done easily through the feature, from multiple payment options.

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.

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.