Current Affairs Quiz - June 2022

Notes:
According to the quarterly report published by Microfinance Institutions Network (MFIN), Tamil Nadu has displaced West Bengal to emerge as the largest State in terms of the outstanding portfolio of microfinance loans.
The gross loan portfolio (GLP) of Tamil Nadu as of March 31, 2022 stood at ₹36,806 crore while the overall microfinance industry has a total GLP of ₹2,85,441 crore as of March 31, 2022. Banks held the largest share of the portfolio in micro-credit followed by NBFC-MFIs.

Notes:
Tata Consultancy Services (TCS), HDFC Bank, Infosys, and Life Insurance Corporation (LIC) were included in the Global Top 100 list in the Kantar Brandz 2022 Most Valuable Global Brands report.
TCS jumped 12 positions to 46th position from 58th in 2021 and its brand value was up 61 per cent. HDFC Bank’s rank was up five positions while LIC saw its rank slip 19 positions to 92, and its brand value was down by 4 per cent compared to 2021.

Notes:
The Bashi Channel, which connects the South China Sea with the western Pacific Ocean, is a waterway between the Philippines’ northern island of Luzon and the Taiwanese island of Orchid. It is part of the Luzon Strait, which connects the Philippine Sea to the South China Sea.

Notes:
National Skill Development Corporation (NSDC), which comes under the aegis of the Union Ministry of Skill Development and Entrepreneurship, is responsible for the implementation of the NIPUN project of the Ministry of Housing and Urban Affairs. It will train, monitor and track potential candidates under this initiative.

Notes:
Group of Seven (G7) is an intergovernmental organization that brings together the world’s top industrial nations. Its members are Canada, France, Germany, Italy, Japan, the UK and the US. Its main purpose is to discuss global economic issues.

Notes:
A new species of jumping spider christened Pseudomogrus sudhii was discovered by a group of researchers in the Thar Desert in Rajasthan’s Desert National Park. The new species was named after the renowned arachnologist Sudhikumar.
This 4-millimetre-long spider is found only in India and United Arab Emirates. The male members of this species have dark brown head covered with small white hairs, black eye region and a dark band along the pale-yellow coloured abdomen. The females’ head is yellow with black eyes and white spotted light-yellow abdomen.

Notes:
National Disaster Management Authority (NDMA) is the apex government body responsible for laying down policies related to disaster management in India. It is chaired by Prime Minister and has nine other members.
NDMA was set up as per the Disaster Management Act, 2005. As Assam faces floods and rain-induced landslides, NDMA has recently released dos and don’ts before, during and after the floods. It also provided tips to follow during the evacuation process.

Notes:
The DRDO and the Indian Navy have successfully tested the indigenous ship-borne weapon system Vertical Launch Short Range Surface to Air Missile (VL-SRSAM).
The VL-SRSAM was designed based on Astra missile. It was developed by the Defence Research and Development Organisation, as the first air-to-air missile. Astra is also an all weather beyond-visual-range missile.

Notes:
Tata Power Solar Systems, a wholly-owned subsidiary of Tata Power, has commissioned India’s largest floating solar power project in Kayamkulam, Kerala.
The project is commissioned on a 350-acre backwaters area, having an installed capacity of 101.6 Megawatt Peak.

Notes:
Dr V Krishnamurthy, former chairman of public sector undertakings such as Bharat Heavy Electricals Limited (BHEL), Steel Authority of India (SAIL) and Maruti Udyog (now Maruti Suzuki), passed away recently.
He is regarded as the ‘Father of Public Sector Undertakings’. He had served as Secretary of Industries for the Government of India, Member of the Planning Commission, and many other Prime Minister’s Committees. He was conferred Padma Shri, Padma Bhushan and Padma Vibhushan for his services.