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:
The World Health Organization (WHO) released a report titled ‘Tobacco: Poisoning Our Planet’ to coincide with World No Tobacco Day.
It found that the tobacco industry is responsible for the annual loss of eight million human lives, 600 million trees, 200,000 hectares of land, 22 billion tonnes of water, and releases about 84 million tonnes of CO2 into the Earth’s atmosphere. The report called for steps to make the industry more accountable for the destruction.

Notes:
Indian Council for Cultural Relations organised a ten days programme named ‘Gen-Next Democracy Network’ concluded.
Under the Gen Next Democracy Network programme, Youth from various democratic countries come to India and get acquainted with India’s heritage, culture and functioning of Indian democracy. ICCR is an autonomous organisation involved in India’s global cultural relations, through cultural exchange with other countries.

Notes:
The Ministry of Defence signed a contract with Bharat Dynamics Limited (BDL) for the supply of ASTRA MK-I Beyond Visual Range (BVR) Air to Air Missile (AAM).
The contract includes associated equipment for the Indian Air Force and Indian Navy, along with the missile, at a cost of ₹ 2,971 crore under Buy (Indian-IDDM) category. ASTRA MK-I BVR AAM has been indigenously designed and developed by Defence Research and Development Organisation (DRDO).

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:
Former State Bank of India Deputy Managing Director Natarajan Sundar has been appointed as the Managing Director and CEO of NARCL (National Assets Reconstruction Company Ltd) as MD & CEO.
NARCL is the joint initiative of Public and Private Sector Banks, and is expected to takeover bad loans from banks and focus on resolution and recoveries. NARCL has shareholding from 15 Indian Banks and Canara Bank is the sponsor bank.

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:
United States Department of Defense (DoD) announced the authorization of a security assistance valued at up to USD 700 million.
The assistance has been announced to meet critical Ukrainian needs for its fight. This authorization is the eleventh drawdown of equipment from the country for Ukraine since August 2021. The United States has now committed USD 5.3 billion in security assistance to Ukraine.

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.

Notes:
Denmark is set to join the European Union’s defence policy after it held a referendum for the decision. Denmark is the only EU member that is not part of the EU’s Common Security and Defence Policy (CSDP).
The Denmark government has succeeded in abolishing an exemption secured in a 1993 referendum on the Maastricht Treaty. Sweden and Finland also placed historic bids to join NATO, which will be taken up at the upcoming summit.