Current Affairs Quiz - June 2022

Notes:
LGBTQ Pride Month is celebrated every year in the month of June. It commemorates the 1969 Stonewall Uprising in Manhattan – which is recognized as the starting point for the Gay Liberation Movement in the United States.
Initially, the last Sunday in June was celebrated as ‘Gay Pride Day’. This soon grew to encompass month-long celebrations across the country. These events also include memorials for those who have lost their lives because of persecutions, hate crimes or HIV/AIDS.

Notes:
The UNGA adopted a resolution in December 1987 to declare June 26 as the International Day against Drug Abuse and Illicit Trafficking. It is also known as World Drug Day.
The objective of this day is to combat drug abuse and illegal drug trade across the world and to strengthen global cooperation. The theme for this year is “Addressing drug challenges in health and humanitarian crises”. It focuses on the existing and emerging global drug-related challenges that are caused by the pandemic, climate crisis, supply chain disruption and inflation.

Notes:
June 27 is celebrated as the Micro-Small and Medium-sized Enterprises (MSMEs) Day. The day is aimed at raising public awareness of the contribution of MSMEs to global economic growth and sustainable development.
The United Nations General Assembly declared the day in the year 2017. According to the UN, formal and informal MSMEs account for 70 per cent of the total employment and 50 per cent of the GDP. Moreover, the sector makes up for 90 per cent of all firms.

Notes:
As per the Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022, notified by the Ministry of Finance, the compensation cess will continue to be levied from July 1, 2022 to March 31, 2026.
The levy of cess, which was to end on June 30 was extended by the GST Council, chaired by Union Finance Minister Nirmala Sitharaman. It is used to repay the loans taken in the last two fiscal years to make up for the shortfall in revenue collection.

Notes:
The Himachal Pradesh is set to implement a buy-back scheme in schools and colleges to purchase single-use plastic items from students.
Under the new scheme, the government will pay students Rs 75 for a kg of single-use plastic items they deposit with the school. The scheme aims to inculcate a habit of environment conservation among the youngsters

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:
Defence Minister Rajnath Singh held a video conference with Senior Defence Minister of Malaysia, to discuss various issues concerning bilateral, regional and defence industrial cooperation.
The ministers discussed the existing defence cooperation activities and framework, and ways to enhance them under the existing Malaysia India Defence Cooperation Meeting (MIDCOM) framework.

Notes:
At the conclusion of the 2022 Commonwealth Heads of Government Meeting (CHOGM) in Kigali, Rwanda, all 54 Commonwealth members adopted ‘Living Lands Charter’.
The non-binding agreement mandates that member countries will safeguard global land resources and arrest land degradation and act against climate change, biodiversity loss and towards sustainable management.

Notes:
The World Bank approved a USD 250 million loan for the Indian government’s road safety programme to addresses the high road accident fatality rate in the country.
The loan from the International Bank for Reconstruction and Development (IBRD) has a maturity of 18 years. According to a World Bank study, road crashes are estimated to cost the Indian economy between 5% and 7% of GDP a year.

Notes:
Punjab Finance Minister Harpal Singh Cheema said budgetary provisions have been made for giving 300 units of free electricity to the state’s households from July 1.
The state announced that its primary aim is to restore deteriorating fiscal health, ensure effective use of public funds and concentrate on health and education. This is the first budget of the recently-elected Aam Aadmi Party (AAP) government in the state.