Current Affairs Quiz - June 2022

Notes:
The Prime Minister’s Employment Generation Programme (PMEGP) has been approved for continuation till 2025-26 with the total outlay of Rs 13,554.42 crore.
The extension of the scheme is over the 15th Finance Commission Cycle for five years from 2021-22 to 2025-26. The scheme will create sustainable employment opportunities for about 40 lakh persons in five financial years. It is implemented by the Ministry of micro, small and medium enterprises.

Notes:
Prime Minister Narendra Modi released the ‘Scholarship for PMCARES Children’ under the Ministry of Social Justice and Empowerment, as a central sector scheme.
Under the Scheme, Scholarship of Rs 20,000/- per child per annum will be provided, including monthly allowance of  ₹1,000 and annual academic allowance of Rs. 8,000 to cover the entire school fees, cost of the books and uniform, shoes and other educational equipment.

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:
Russia has launched a new “Foreign debt payment system”, an arrangement similar to that used for payments for its gas supplies to pay its dollar-denominated foreign debts.
Russia will offer the holders of its Eurobond obligations to accept a payment system bypassing the Western financial infrastructure. Russia has not defaulted on its international debts since the 1917 Bolshevik Revolution when the Soviet Union was created.

Notes:
Indian women’s shooting team of Elavenil Valarivan, Shreya Agarwal and Ramita have bagged a gold medal for India in the 10m air rifle women’s team event at the ISSF World Cup 2022.
This was India’s first medal at the ongoing ISSF World Cup being held in Baku, capital of Azerbaijan.

Notes:
The World Summit on the Information Society (WSIS) Forum 2022 started from 15 March in a virtual format with the final week held physically from 30 May to 3 June 2022 at the ITU Headquarters in Geneva, Switzerland.
The forum was held under the theme of ‘ICTs for Well-Being, Inclusion and Resilience: WSIS Cooperation for Accelerating Progress on the SDGs’. The WSIS Forum is co-organized by ITU, UNESCO, UNDP and UNCTAD.

Notes:
Bihar state government is set to conduct a caste-based census in the state. The decision was taken at an all-party meeting chaired by Chief Minister Nitish Kumar.
The exercise would be called Jaati Aadharit Ganana and the state government will publish the data related to the census through advertisements in newspapers. The aim of this exercise is to carry out developmental work for people who are deprived.

Notes:
Elon Musk, CEO of SpaceX and Tesla, has topped the 2021 Fortune 500 list of the most highly compensated CEOs.
In 2021 Musk received compensation worth almost USD 23.5 billion while Tesla ranked 65 on this year’s Fortune 500 list. Apple Inc. CEO Tim Cook received USD 770.5 million in 2021 and Jensen Huang, the NVIDIA chief, received USD 561 million in 2021.

Notes:
GST revenue for May was recorded at nearly Rs 1.41 lakh crore, a 44 per cent increase over the same month last year, as per the Finance Ministry.
This is the fourth time that the monthly GST collection has crossed Rs 1.40 lakh crore mark since the inception of GST and the third straight month since March 2022. In March GST revenues were at Rs 1.42 lakh crore, while in February it was at Rs 1.33 lakh crore.

Notes:
Croatia is set to adopt the euro currency from the start of 2023 after meeting all the criteria to join the European Commission.
This move will make Croatia the 20th European country to use the single currency. European Commission President Ursula von der Leyen said in a statement that Croatia has made a step towards adopting the Euro common currency.