Current Affairs Quiz - June 2022

Notes:
Flipkart has launched an initiative to cater to millions of Indian students and support their academic and extracurricular interests.
The e-commerce firm has launched a dedicated virtual storefront on its app, called the ‘Flipkart Student’s Club’. This store will include several brands, offering a wide selection to enhance the shopping experience of students.

Notes:
National Statistical Office (NSO) marginally slashed its year-on-year gross domestic product (GDP) growth forecast to 8.7 per cent, down from 8.9 per cent estimated in February.
The fourth quarter (January-March period of 2021-22) GDP growth was recorded at 4.1 per cent. The economy witnessed a 6.6 per cent contraction in 2020-21. The latest GDP growth estimate is lower than the second advance estimate of 8.9 per cent (released in February) and first advance estimate of 9.2 per cent (released in January).

Notes:
The government raised the premium for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), to make them economically viable.
The premium rate of PMJJBY has been revised upward to Rs 1.25 per day, with an increase from Rs 330 to Rs 436 annually. The annual premium for PMSBY has been hiked from Rs 12 to Rs 20. The new premium rates are effective from June 1, 2022.

Notes:
The Controller General of Accounts (CGA) released the fiscal deficit for 2021-22, which improved to 6.71 per cent of the GDP over the revised budget estimate of 6.9 per cent. The fiscal deficit in absolute terms was Rs 15,86,537 crore (provisional).
The increase was mainly on account of higher tax realisation. The tax receipts during the fiscal stood at Rs 18.2 trillion as against the revised estimates (RE) of Rs 17.65 trillion.

Notes:
Union Minister Jitendra Singh inaugurated the Lavender Festival, the first-of-its kind in India, in Bhaderwah, Jammu and Kashmir.
Bhaderwah in Doda district is the birthplace of the purple revolution and it is known for lavender cultivation in terms of land and climate. CSIR-Aroma Mission, under the Ministry of Science & Technology, aims to develop aroma-related science and technology to reach farmers, industry, and society.

Notes:
The Global Day of Parents is annually celebrated on 1 June to appreciate the commitment of parents towards their children.
The UN General Assembly proclaimed 1994 as the International Year of the Family and 15 May each year as the International Day of Families. The UNGA later announced that 1 June will be observed as the Global Day of Parents. The theme for Global Day of Parents 2022 is ‘Appreciate all parents throughout the world.’

Notes:
Industry Transition Dialogue was hosted by India and Sweden in Stockholm. Union Environment Minister Bhupender Yadav addressed the summit.
The event was organised as a part of India and Sweden’s joint initiative called Leadership for Industry Transition (LeadIT). The Minister said that the developed countries must take lead in the global transition towards net zero and low carbon industry transition.

Notes:
World Bicycle Day is celebrated every year on June 3, to develop a culture of cycling for basic transportation, commutation, and strengthening physical and mental health.
Union Minister for Youth Affairs and Sports Anurag Thakur launched a nationwide ‘Fit India Freedom Rider Cycle Rally’ from Major Dhyan Chand Stadium, Delhi on the occasion of World Bicycle Day 2022.

Notes:
The World Environment Day is celebrated every year on June 5, to raise awareness about degrading environmental conditions and environment protection.
The United Nations Environment Programme (UNEP) is the nodal agency that organises and supports events across the world. The year 2022 marks the 50th World Environment Day. Sweden is the host of the event this year and the theme is ‘Only One Earth’. It was the motto for the 1972 Stockholm Conference

Notes:
Tata Projects will build the national capital region’s new airport at Jewar, after outbidding the Shapoorji Pallonji Group and Larsen & Toubro for the contract.
Tata Projects will construct the terminal, runway, airside infrastructure, roads, utilities, landside facilities and other ancillary buildings at the Noida International Airport. The new airport is expected to be functional by 2024.