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:
India has been recently elected as the non-permanent member of UN Security Council for 2021-22, along with Ireland, Mexico and Norway. India’s term is to begin from January 2021.
Each year the General Assembly elects five non-permanent members, out of the 10 total seats, for a two-year term. In the recent election, India won 184 votes out of 192 valid votes cast. Previously, India has been elected as a non-permanent member of the Council for seven terms.

Notes:
Nobel Prize-winning author Kazuo Ishiguro announced that his book titled ‘Klara and the Sun’ will be released in March 2021. He is a British novelist born in Japan.
The theme of the book is ‘what does it mean to love’. This is the first novel by Kazuo Ishiguro since he was awarded the Nobel Prize in Literature. His previous literary works have earned several prestigious awards including the Booker Prize. He has also won the highest honorary awards from France and Japan.

Notes:
Ministry of Housing & Urban Affairs signed a MoU with Small Industries Development Bank of India (SIDBI), to engage SIDBI as the Implementation Agency for PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi).
The scheme aims to provide a working capital loan up to Rs 10000 to street vendors, who have been adversely affected by the Covid-19 lockdown. The loan is repayable in monthly instalments in 1-year tenue. On prompt payment, a subsidy of 7% per annum is also provided.

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:
World Sickle Cell Day is observed globally on 19 June every year. This year is the 40th year of observance of the day by the Sickle Cell Society.
The UN General Assembly recognised sickle cell disease as a public health problem and one of the world’s foremost genetic diseases. If someone has the Sickle Cell disease, the red blood cells become hard and look like a sickle. It restricts the movement of oxygen carried by the red blood cells.

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 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:
According to the latest report by the economic wing of State Bank of India (SBI), India’s per capita income (PCI) is to decrease by 5.4 per cent in 2020-21.
The main reason for this dip is due to the effect of Covid-19 pandemic. The report also revealed that this decline in PCI is higher than the nominal GDP decline of 3.8 per cent. The states that would witness the maximum hit in PCI would be Delhi, Chandigarh, and Gujarat with 15.4 per cent, 13.9 per cent and 11.6 per cent, respectively.

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.