Current Affairs Quiz - June, 2020

Notes:
In a violent conflict that took place in the Galwan Valley located in the Union Territory of Ladakh, as many as 20 Indian soldiers were killed.
As per the statement of the Indian Army, the two sides disengaged from the area where the fight happened. The US media reported that its intelligent officials quoted about 35 Chinese troops have been killed. The infrastructure projects that India has undertaken recently, a strategic road through the Galwan Valley, connecting the region to an airstrip, has escalated the conflict.

Notes:
Pune-based Serum Institute of India is set to provide ten million doses of the pneumococcal conjugate vaccine, every year to lower-income countries for the next decade.
The institute has entered into a new supply agreement with the UNICEF that helped to decrease the price of pneumonia vaccine for those nations. As of now, Pneumonia is the biggest killer of children, which claims the life of a child every 39 seconds.

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:
Hima Das, the country’s first track athlete to win a global title, has been nominated for the prestigious ‘Rajiv Gandhi Khel Ratna’ by the state government of Assam.
Hima Das is a 20-year-old athlete from Dhing village in Assam and is one of the youngest nominees for the country’s highest sporting honour this year. The sprinter will compete with javelin thrower Neeraj Chopra, wrestler Vinesh Phogat, Table Tennis ace Manika Batra, women’s hockey captain Rani Rampal and cricketer Rohit Sharma.

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 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:
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 Brihanmumbai Municipal Corporation (BMC) of Maharashtra launched ‘Mission Zero’ rapid action plan to combat Covid-19.
Under the action plan, as many as fifty dispensary vans will cover various parts of Mumbai for 2-3 weeks to carry out a preliminary examination of patients. As per the data of the Ministry of Health and Family welfare, Maharashtra stands at the top spot with maximum number of people affected by Covid-19 in the country.

Notes:
A Japanese broadcaster had reported that the Ishigaki City assembly in Okinawa, in Japan, had passed a bill to change the name of the administrative area covering the islands to Tonoshiro Senkaku from Tonoshiro.
China has recently said that it reserved the right to respond to the city’s decision to rename the area that includes remote islands claimed by both China and Japan. The disputed islands are known as the Senkaku in Japan and the Diaoyu in China. It also warned that Japan should not interfere in Beijing’s internal affairs.