Current Affairs Quiz - June, 2020

Notes:
The United States Senate has named that veteran Indian-American scientist Dr. Sethuraman Panchanathan as the Director of the National Science Foundation (NSF).
NSF is a top American body, that promotes fundamental research in non-medical fields of science and engineering. The 58-year old Scientist is the Chief Research and Innovation Officer at Arizona State University, at present. He is to replace France Cordova as the 15th Director of the NSF. He is also the second Indian-American ever to be nominated for the position.

Notes:
The US Chamber of Commerce has recently announced that ‘India Ideas Summit 2020’ is scheduled to be held virtually on July 21-22.
The summit is organised by US India Business Council (USIBC). This year is the 45th annual meeting and will focus on geopolitics in the post-COVID world, technology trends and the future of healthcare, among others. Last year, the Summit was organised in Washington. It brings together scholars, diplomats and think tanks for high-level dialogue on key issues related to India.

Notes:
The Finance ministry has recently proposed restrictions on pension fund investments from any of India’s bordering countries, including China.
Foreign Direct investment (FDI) in pension funds, that are regulated by the Pension Fund Regulatory and Development Authority (PFRDA) is fixed at 49 per cent under the automatic route. Till now, government permission is mandatory only for investments coming from Bangladesh and Pakistan. The draft guidelines make government permission mandatory for all bordering countries.

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.

Notes:
The Union Ministry of Corporate affairs (MCA) has proposed to decriminalise some compoundable offences under the Limited Liability Partnership (LLP) Act.
In the draft proposal, the Ministry has listed as many as 20 sections of the LLP Act and sought public comments and stakeholder consultations. It includes change of designated partners, maintaining books of accounts etc. Certain minor, procedural or technical violations which does not involve any harm to public interest are to be decriminalized.

Notes:
The Indian Space Research Organisation (ISRO) has received a patent for its Liquid Cooling and Heating Garment (LCHG).
The special garment is made up of bio-compatible fabrics and a system for circulating temperature controlling fluid into and out of the garments. This would provide a comfortable temperature to the astronauts wearing it in space. The garments can also be used in other military applications, fire-fighting and in extreme environments in industrial areas.

Notes:
The United Nations General Assembly designated June 21 as the ‘International Day of the Celebration of the Solstice’.
It considered that the celebration of solstice represents the unity of the cultural heritage across the world. Solstice is an event that occurs when the path of the sun stands still at a northern or southern limit before reversing direction. There are two solstices that occur annually namely the Summer Solstice around June 21 and Winter Solstice around December 21.

Notes:
The Department of Economic Affairs, Finance Ministry has recently announced that there is no objection to the proposal of contributions from individuals or institutions towards the National Disaster Response Fund (NDRF).
The proposal has been accepted based on the Disaster Management Act, 2005. The NDRF was constituted under the same act and it supplements SDRF of a state, when adequate funds are not available in SDRF in case of a severe disaster. The central government may constitute a fund to be called the NDRF for meeting any severe disaster.

Notes:
The PM CARES Fund Trust has allocated Rs 1000 crore for the welfare of migrant labourers, to all states and UTs.
The distribution of the fund is based on the formula of 50% weightage for the population as per 2011 census, 40% weightage for number of positive COVID-19 cases and 10% for equal distribution among all the States/UTs. This fund will be deployed for arranging accommodation, food, medical treatment and transportation of the migrants.

Notes:
The United States President Donald Trump has recently suspended H-1B, H-2B, J, L and other temporary work permits.
The suspension will be effective till December 31, as per the recent announcement from the White House. The President announced that the entry of additional workers through these temporary Visa programs presents a threat to employment opportunities for Americans affected by the economic damages caused by COVID-19 pandemic.