Current Affairs Quiz - June, 2020

Notes:
The Union Government has approved 445 crore rupees for implementation of Jal Jeevan Mission in Chhattisgarh during 2020-21, to provide tap connections to 20 lakh households.
The aim of Jal Jeevan Mission is to provide potable drinking water on a long-term basis to every rural household of the country by 2024. During the Union Budget 2020, 3.6 lakh crores has been allocated for this scheme. The migrant labourers returned to Chhattisgarh will be involved in the jobs related to water supply.

Notes:
The Union government has notified the income-tax return (ITR) forms for the assessment year (AY) 2020-21 for individual, professional and corporate tax payers.
For the first time, the form separately captures information on cash deposits exceeding ₹1 crore, expenditure on foreign travel exceeding ₹2 lakh and electricity expenses exceeding ₹1 lakh. It was earlier announced that the taxpayers may avail the benefits of investments in tax-saving instruments for an extended period up to June 30. Deadline for filing returns was also extended from July 31 to November 30.

Notes:
Union Minister for Electronics and IT Ravi Shankar Prasad has launched three major schemes to boost manufacture of electronics in the country.
Production Linked Incentive Scheme (PLI) aims for large-scale electronics manufacturing. Other two schemes namely Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme were also launched. This will generate manufacturing of electronics components worth Rs 10 lakh crore by 2025.

Notes:
The Union Government has recently launched Kisan Credit Card campaign to help dairy farmers.
The Government will provide Kisan Credit Card (KCC) to about 1.5 crore dairy farmers who belong to Milk Unions and Milk producing Companies. The drive seeks to provide KCC to the farmers within the next two months before July 31, under a special drive. The special drive to provide KCC is part of the Prime Minister’s Atma Nirbhar Bharat package.

Notes:
United Kingdom recently hosted the Global Vaccine Summit, which was held virtually due to the restrictions involved amidst the Covid-19 pandemic.
Indian Prime Minister Narendra Modi attended the conference and pledged $15-million as India’s contribution to the vaccines alliance GAVI. The British Prime Minister earlier urged all nations to pledge funds for vaccinations to save the lives of people across the world from outbreaks of infectious diseases in future.

Notes:
India’s central bank, the Reserve Bank of India conducts a quarterly survey called the Households’ Inflation Expectations Survey.
This edition of the survey is conducted via telephonic interviews across 5,300 households in 18 major cities. The households were asked about general expectations on the economic situation, overall price situation, employment etc. As per the survey, 85.3% households expect inflation to accelerate in the next three months, as compared to 83.3% in March.

Notes:
UN celebrates six separate language days to raise awareness of the history, culture and development of each of its six official languages – English, Arabic, Spanish, Chinese, Russian and French.
June 6 is celebrated as the UN Russian Language Day, which is also the birthday of the great Russian poet Alexander Pushkin. The poet is considered as the father of modern Russian literature. Some of his popular literary works include novel titled “Eugene Onegin” and his poem titled “The Bronze Horseman”.

Notes:
The Insolvency and Bankruptcy Code was passed in the year 2016. It seeks to consolidate the existing laws into a single law for resolution of insolvency and bankruptcy.
Recently, Union Government has promulgated an ordinance to amend Insolvency and Bankruptcy Code. As per the ordnance, a new section 10 A has been inserted in the Code which states that no insolvency application will be filed for defaults arising on or after March 25 for a period of six months (can be extended up to one year).This will save companies which default due to Covid-19 pandemic.

Notes:
Hyderabad International Airport received the highest Platinum Recognition in the Airports Council International (ACI) Asia-Pacific Green Airports Recognition 2020.
The airport owned and operated by the GMR group, has won the recognition in the 15-35 million passengers per annum (MPPA) category. ACI Asia Pacific announced the result to promote best environmental practices, efficient water management practices and to minimise the aviation sector’s impact on the environment.

Notes:
‘Global Economic Prospects report’ is the flagship report of World Bank. As per the latest report released, India’s economy is estimated to contract by 3.2% in the current fiscal year 2020-21. The report also expects the Indian economy would grow at 3.1% in the next fiscal year.
In the earlier report released in April, the GDP growth rate for this fiscal year was predicted at 1.5%-2.8% growth. The growth of next year was also earlier predicted at 6.1%. The report also highlighted that global economy will contract by 5.2% in 2020.