Current Affairs Quiz - June, 2020

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:
Veteran economist and retired IAS officer BPR Vithal Baru passed away recently, at the age of 93, due to age-related ailments.
Vithal Baru had served in several important assignments including Secretary Finance and Planning in the state of Andhra Pradesh from 1972 to 1982 and Member of 10th Finance Commission. He had also been the Chairman of Expenditure Commission, Kerala. He also established the Centre for Economic and Social Studies (CESS), Hyderabad.

Notes:
The World’s first Quantum communications satellite, Micius was launched by China in the year 2016. It has pioneered in the field of quantum encryption.
The satellite was seen in news recently, as it sends particles of light to Earth to establish the world’s most secure communication link. This is considered to be a milestone in the research, as long-range secure communication can be obtained without the help of traditional communication satellites. Secure long-distance links such will be the foundation of the future global network called the quantum internet.

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.

Notes:
The fossil of Stegodon, a variety of the elephant, was recently discovered near Saharanpur in the state of Uttar Pradesh.
Stegodon is an extinct type of elephant with unique tusks and molars, that was found at an early age in Asia and Africa. The fossil found is claimed to be five to eight million years old and from the Dhok Pathan formation of Siwalik range. More researches are to be carried out in the vicinity of the place.

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:
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.

Notes:
The International Hydrographic Organization (IHO) and its international members celebrate World Hydrography Day every year on June 21.
The day highlights the importance of hydrography and its relevance in the modern world. This year, the theme of the World Hydrography Day is “Hydrography enabling autonomous technologies”. The autonomous technologies include aerial, surface and underwater survey drones as well as autonomous ships.

Notes:
Government e-Marketplace (GeM), the online procurement platform for government bodies, has made the sellers mandatory to mention the ‘country of origin’ while registering all new products.
GeM is a special purpose vehicle under the Ministry of Commerce and Industry. Besides mandating fresh sellers, the GeM also mandates the sellers who had already uploaded their products to update the ‘country of origin’, with a warning that their products shall be removed if they fail to update.

Notes:
Technology major Google has announced that it has introduced a new feature called Fact-Checked’ labels for search images, to curb misinformation.
It will identify misleading photos in its specific search tool for images with the label. These fact-checking labels have been already used in its main search results and on video-streaming site YouTube. IT has now extended to images as well.