Current Affairs Quiz - June, 2021

Notes:
Marine mucilage or “sea snot” is reported to have accumulated along the coast of Turkey. The sea snot is a thick jelly-like layer of slime which is formed by the population explosion of microscopic plants called phytoplankton.
Some Researchers believe that the increase in sea surface temperature due to climate change, has led to this effect while few others see over-fishing as the root cause.

Notes:
As a measure to mitigate the distress caused due to COVID 19 pandemic, Public Sector Banks (PSBs) in India have announced to provide financial assistance to individuals in the form of unsecured loans up to a limit of Rs 5 lakh.
This is a part of the three new loan products introduced by the PSBs to provide financial support to vaccine manufacturers, hospitals/dispensaries, pathology labs etc.

Notes:
The combined net profit of all the listed companies in India has moved up by 57.6% in FY 21 to Rs.5.31 trillion.
The Corporate Profit to GDP ratio in India stood at 2.63% in FY 21 which is an all-time high in the last 10 years. Although the sales and revenue of many firms were low due to nationwide lockdown, higher profitability was achieved mainly due to decline in raw material prices and input cost.

Notes:
Indian Farmers Fertiliser Cooperative Limited (IFFCO) said that it has introduced the world’s first Nano Urea Liquid for farmers across the world.
The technology was developed at Nano Biotechnology Research Centre, Kalol. This is expected to reduce the input cost of farmers and will significantly bring down the cost of logistics and warehousing.

Notes:
As per the data released by the Controller General of Accounts (CGA), India’s fiscal deficit for 2020-21 stood at 9.3% of the gross domestic product (GDP) for the financial year 2020-21. This is lower than the Finance Ministry’s Budget estimates of 9.5%.
As per the CGA data, the revenue deficit stood at 7.42% during 2020-21.

Notes:
Pakistan has recently launched its homemade Covid-19 vaccine named “PakVac” which it developed with the help of its ally China.
According to the Ministry of National Health Services of Pakistan, 1,771 new cases were reported in the last 24 hours, with the tally of confirmed cases at 922,824. It has vaccinated over 5.3 million people with about 2 million fully vaccinated.

Notes:
The US administration headed by President Joe Biden has proposed to suspend the oil and gas leases at Alaska’s Arctic National Wildlife Refuge. This decision has been welcomed by environmentalists and Arctic tribals.
This move is reversal of the lease brought about by earlier US administration by President Trump.

Notes:
India’s Union Health Minister Dr Harsh Vardhan completed his tenure as Chairman of WHO Executive Board on June 02.
During the 149th session of the WHO Executive board, Harsh Vardhan announced that Dr Patrick Amoth, Acting Director-General for Health, Ministry of Health of Kenya has been appointed as the Chair of WHO Executive Board.

Notes:
The Government has constituted an expert group to provide technical inputs and recommendations on fixation of minimum wages in the country.
The Group would be chaired by Professor Ajit Mishra, director of the Institute of Economic Growth. As per the Labour and Employment Ministry, the group, which is set up for three years, would also recommend on the national floor wage.

Notes:
The Archaeological Survey of India (ASI), has discovered three new caves in the Trirashmi Buddhist cave complex, which is located near Nashik in Maharashtra.
This cave complex is also called the Pandav Leni. This site was first documented by a British military officer nearly two decades ago.