Top GKToday’s News Headlines-2 June 2020

June 2, 2020 June 2, 2020

Here are the Top GKToday’s News Headlines-2 June 2020

IMD announces onset of southwest monsoon (June -September) in the country; rainfall would be 102% of its LPA (long period average)
DRDO develops Ultra Swachh disinfection unit for sanitisation of Personal Protective Equipment (PPEs) and other materials
Two visa assistants of the High Commission of Pakistan in New Delhi nabbed by Delhi Police for spying; asked to leave the country within 24 hours
Former Union Minister and three-time Congress MP from Ladakh, P Namgyal, dies at 83
Singer-composer Wajid Khan of music director duo Sajid-Wajid, dies at 42
R. Sreelekha becomes first woman DGP in Kerala

MSMEs with an investment of Rs one crore and turnover of Rs 5 cr will be classified as micro-units
Units with an investment of Rs 10 crore and turnover of Rs 50 crore will be recognised as small units
Units with an investment of Rs 50 crore and turnover of Rs 250 crore will be classified as medium units
Exports will not be excluded from the turnover cap

Income-tax return (ITR) forms for assessment year (AY) 2020-21 to captures information on cash deposits exceeding ₹1 crore, expenditure on foreign travel exceeding ₹2 lakh and electricity expenses exceeding ₹1 lakh
Govt unveils PM SVANIDHI (Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi) scheme to provide loans upto Rs. 10,000 to street vendors
PM launches technology platform CHAMPIONS (Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength.) for boosting growth in MSME sector
Govt approves MSP for 14 Kharif crops for the 2020-21 crop year based on recommendations of CACP (Commission for Agricultural Costs and Prices)
Moody’s Investors Service downgrades India’s sovereign rating to Baa3 from Baa2; maintains negative outlook
Indian Energy Exchange launches Real-Time Electricity Market (RTM) on its platform from June 1

Global Day of Parents observed on June 1
US: Curfew imposed in 40 cities over violent protests against death of African-American man George Floyd (46) in police custody on May 25