Current Affairs Quiz - June, 2020

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 Rajya Sabha consists of not more 238 members representing the States and Union Territories, and 12 members nominated by the President. Each member is elected for a term of six years.
In the recent elections to 19 seats in 10 states, BJP won eight and Congress won four seats. The current strength of Rajya Sabha goes up to 244, of which BJP has 86 members and the National Democratic Alliance NDA’s tally is expected to cross 100. The Congress has 41 members while others have 27.

Notes:
Ministry of Culture is celebrating International Yoga Day 2020 by organising a campaign titled ‘Namaste Yoga’ from 19th to 21st June, 2020.
Union Minister of State for Culture Prahlad Singh Patel urged everyone to join him for a Surya Namaskar. He also asked them to post their Surya Namaskar videos on social media platforms to create health awareness among all citizens.

Notes:
Rajinder Goel, who was considered as one of the finest left-arm spinners of the country, passed away recently, at the age of 77
Rajinder Goel took part in about 157 first-class matches, most of them for Haryana. He also holds the record for clinching maximum wickets in Ranji trophy with 637 wickets. The legendary spinner made his debut in the year 1957 and played domestic cricket until the age of 44. He was awarded the CK Nayudu Lifetime Achievement Award by BCCI.

Notes:
Union Information and Broadcasting Minister Prakash Javadekar has recently inaugurated the India Pavilion at the Cannes Film Market 2020 virtually.
The Indian pavilion at Cannes Film Market has been jointly set up by Ministry of Information & Broadcasting and Federation of Indian Chambers of Commerce and Industry (FICCI). The Minister also informed that the Marathi movie titled ‘Mai Ghat’ and the Gujarati movie ‘Hellaro’ are the official entrants to be showcased in the Cannes film festival this year.

Notes:
The state government of Rajasthan has signed a tripartite agreement with the Power Grid Corporation of India and the Educational Consultants India for establishing of smart classrooms.
The initiative has been taken to promote online education during the COVID-19 lockdown. As many as 100 schools are selected for setting up smart class rooms. The schools situated in remote areas and the recently selected government schools to be converted into English medium schools will be given top priority.

Notes:
The Indian Institute of Management, Ahmedabad (IIM-A) has recently launched an endowment fund.
The ‘IIM Ahmedabad Endowment Fund’ has been launched with an initial commitment of Rs 100 crore from 10 founding alumni. It aims to raise Rs 1,000 crore over a period of five years. The fund, which is to be managed by an independent committee including initial alumni contributors, will help in promoting growth of the institute.

Notes:
The Union Cabinet has recently approved an ordinance to bring Urban Cooperative Banks (UCBs) and multi-state cooperative banks (MSCBs) under the supervision of the Reserve Bank of India.
As on date, there are nearly 1,540 UCBs and MSCBs in India with deposits of nearly ₹5 lakh-crore. In February, the Cabinet had approved an amendment to the Banking Regulation Act to strengthen cooperative banks, after the PMC Bank crisis. This step is expected to protect the depositors of the cooperative banks.

Notes:
The world’s first yoga university outside India has been launched in Los Angeles, United States. It has been named ‘The Vivekananda Yoga University (VaYU)’.
The University has been jointly launched during a virtual event held at the Consulate General of India in New York, as part of the 6th International Yoga Day celebrations. The first Chairman of the University is Indian yoga guru Dr. H R Nagendra. It would offer programmes that combine scientific and research approaches to the Indian practice of yoga.

Notes:
Union cabinet approved a new body under the Department of Space is named ‘IN-SPACe’, which is the acronym for Indian National Space Promotion and Authorisation Centre.
The Chairman of Indian Space Research Organisation announced that IN-SPACe will be the nodal national body to promote and regulate all space-related activities of private industries. The new entity will have its own chairman and board and will function autonomously. IN-SPACe will be established in three to six months.