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Current Affairs 16 June 2020

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We are here for you to provide the important Recent and Latest Current Affairs 16 June 2020, which have unique updates of Latest Current Affairs 2020 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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Top 15 Current Affairs of 16 June 2020

NATIONAL AFFAIRS

Highlights of 40th GST Council meeting chaired by Finance Minister Nirmala Sitharaman 40th GST Council meeting

On June 12, 2020, Union Finance & Corporate Affairs Minister Nirmala Sitharaman chaired the virtual 40th GST Council Meeting. The key outcome of this meet was further relief on late fee and interest payable on late payments as a part of compliance burden of businesses. This was first meeting after COVID-19 breakout in India. 

  • Reduction In/Waiver from the Prior Period Late Fee; 1st July 2017 to 31st Jan 2020
  • Small Taxpayers filers: Interest Relief and Late fee waiver for periods February-July 2020
  • Time limit extended till Sept 30, 2020 for revoking cancellations of GST registration
  • Compensation Cess to the states; GST collection reduced by 45%

About GST Council
GST Council is an apex member committee to modify or to procure any law or regulation based on the context of goods and services tax in India. The council is headed by the union finance minister Nirmala Sitharaman assisted with the finance minister of all the states of India.

  • It was constituted on 15th September 2016 under Article 279A of the Constitution.

<< Read Full News >>

INTERNATIONAL AFFAIRS

India with 12 Countries Leads “Verified” Initiative of United Nations to Counter Misinformation on COVID-19India, with 12 nations, leads initiative Verified

i.India with 12 other countries lead the “Verified” initiative launched by the United Nations on 21st May 2020, to fight the spreading of misinformation about COVID-19 with fact-based accurate information.
ii.The theme of “verified” is Science, Solidarity and Solution.
About United Nations:
Secretary General– António Guterres
Headquarters– New York, United States of America
<< Read Full News >>

BANKING & FINANCE

RBI Releases New Framework For Financial Market Infra, Retail Payment System; NPCI & NEFT classified as FMI
RBI modifies framework for financial market infrastructure

On June 13, 2020, India’s central bank, the Reserve Bank of India (RBI) has made some changes to the monitoring structure of Financial Markets Infrastructure (FMI) and Retail Payment Systems (RPSs) with the aim to ensure the security and stability of the payment structure.
i.The new framework treats NPCI (National Payments Corporation of India ) and National Electronic Fund Transfer (NEFT) as FMIs as well means NPCI will now have to reveal self-assessment of compliance on an annual basis.
About Reserve Bank of India (RBI):
Headquarters– Mumbai, Maharashtra
Formation– 1 April 1935
Governor– Shaktikanta Das
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, one is yet to be appointed).
<< Read Full News >> 

ICICI Bank launches ‘Insta Flexicash’ an Online OD facility for its salary account customersICICI Bank introduces ‘Insta FlexiCash’

i.ICICI Bank has launched ‘Insta Flexicash’, an online overdraft(od) facility for its pre approved salary account customers, by which these customers can get approval for OD instantly & in a paperless manner. 
ii.The end-to-end fully digital facility can be accessed with no documentation, using the Bank’s internet banking platform without visiting a bank branch.
iii.The features of ‘Insta Flexicash’include Auto sweep-in facility, No foreclosure charges among others.
About ICICI:
Headquarters– Mumbai, Maharashtra
Managing Director & CEO– Sandeep Bakhshi
<< Read Full News >>

RBI Proposes to Set Upper Age Limit of CEOs, Whole-Time Directors of Banks to 70 YearsRBI proposes upper age limit of 70 years for CEOs

The Reserve Bank of India (RBI) in its Discussion Paper on ‘Governance in Commercial Banks in India’ proposed to set the upper age limit of Chief Executive Officers (CEOs) and whole time directors (WTDs) belonging to the promoter group of banks to 70 years and maximum tenure of 10 years. This offer has been made to improve administration in the banking sector.
i.The tenure has been limited in order to strengthen the culture of consistent governance and to adopt the principle of separating management from ownership.      
About Reserve Bank of India (RBI):
Headquarters– Mumbai, Maharashtra
Formation– 1 April 1935
Governor– Shaktikanta Das
Deputy Governors– 4 (Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra, one is yet to be appointed).
<< Read Full News >>

APPOINTMENTS & RESIGNATIONS          

IBBI restructures committee on corporate insolvency resolution & Liquidation under the chairmanship of Uday KotakIBBI reconstitutes advisory panel

On June 12, 2020, In pursuance of regulation 3 of the Insolvency and Bankruptcy Board of India (IBBI) advisory committee regulation 2017, the IBBI board has restructured an advisory committee on Corporate Insolvency Resolution and Liquidation process by including four new members.

  • The new 14 member committee, formed in August 2017, will be chaired by Uday Kotak, the Executive Vice Chairman and Managing Director of Kotak Mahindra Bank.

About Insolvency and Bankruptcy Board of India (IBBI):
Headquarters– New Delhi
Chairperson– M. S. Sahoo
<< Read Full News >>

ACQUISITIONS & MERGERS       

TPG, L Catterton bought 1.32% stake in Jio Platforms for Rs 6441.3 croreL Catterton Invest Over Rs 6,400 Cr in Reliance Jio

i.The United States (US) private equity firms TPG Capital and L Catterton have become the 8th and 9th investors respectively in the Jio Platforms, as the latter has sold 0.93% stake in TPG for Rs 4,546.80 crore and 0.39% stake sold to L Catterton for Rs 1,894.50 crore.
ii.With this Jio Platforms has sold a further 1.32% stake for Rs 6441.3 crore.
iii.Since April 22, 2020, through 10 investments, parent Reliance Industries has sold 22.38% stake in Jio and collected Rs 104,326.95 crore in the largest continuous fundraising by a company, anywhere in the world.
About TPG Capital:
It is a leading global alternative asset firm founded in 1992 with more than $79 billion of assets under management across a wide range of asset classes, including private equity, growth equity, real estate and public equity
Co-chief executive officer (CEO)– James Coulter & Jon Winkelried
Headquarter– San Francisco in California, US
About L Catterton:
Founded in 1989, L Catterton is the investment partner for leading consumer-focused brands around the world.
Co-chief executive officer (CEO)– J. Michael Chu, and Scott A. Dahnke
Headquarter– Greenwich, Connecticut, US
About Reliance Industries Limited (RIL):
Chairman & Managing Director (CMD)– Mukesh Dhirubhai Ambani 
Headquarter– Mumbai, Maharashtra
<< Read Full News >>

SCIENCE & TECHNOLOGY

Central Railway Launched Robotic ‘CAPTAIN ARJUN’ to Boost Screening, Surveillance in Pune along with ‘FebriEye’ in MumbaiRailway-launches-Robotic-‘CAPTAIN-ARJUN’

i.The Railway Protection Force of Central Railway (CR), Pune division, Maharashtra launched a Robotic ‘Captain Arjun’ (Always be Responsible and Just Use to be Nice) to intensify the screening and surveillance of passengers. It will help in protecting anti-social activities, provide protection against COVID-19 infection, and Floor Sanitization. 
ii.On the other hand FebriEye can record heat generated by the body of a person or an object and intimate through different colour if the temperature is above the set range. It was developed by Vehant Technologies.
About Central Railway:
Divisions– Mumbai, Bhusaval, Pune, Solapur, and Nagpur
Headquarter– CSMT, Mumbai, Maharashtra
<< Read Full News >>

Union MoS of Home Affairs G Kishan Reddy launches ‘GermiBAN’ device to kill virusesKishan Reddy launches microbe-killing device GermiBAN

i.Union Minister of State for Home Affairs G Kishan Reddy launched a device, ‘GermiBAN’ that kills viruses & other germs by sterilising, sanitising & disinfecting in large areas. 
ii.It also acts as an Air Purifier effective against viruses like COVID-19 which will stop the spread of it. 
iii.The GermiBAN instrument was innovated by NEO Inventronix, hyderabad in their lab & was incubated at Atal Incubation Centre(AIC) Association of Lady Entrepreneurs of India(ALEAP)-Women Entrepreneurs(WE) Hub with the support of Atal InnovationMission(AIM), National Institution for Transforming India (​NITI) Aayog, Govt. of India(GoI).
About ALEAP:
Headquarters– Hyderabad, Telangana
President– Rama Devi
<< Read Full News >>

OBITUARY

Sushant Singh Rajput, Bollywood actor passed away at 34Actor-Sushant-Singh-Rajput

On 14th June 2020, Sushant Singh Rajput, 34 year old actor comitted suicide & found dead at his home in Bandra, Mumbai. He was born on 16th January 1986 in Patna, Bihar.He promoted the Women Entrepreneurship Platform of NITI Aayog which was launched on 8th March 2018.
i.He acted as M.S Dhoni in the film titled “MS Dhoni: The Untold Story” in 2016.
<< Read Full News >>

Former New Zealand cricketer Matt Poore passed away at 90Matt Poore cricketer

On June 11, 2020 Former New Zealand cricketer Matt Beresford Poore(all rounder- right hand batsman and off spinner)passed away at 90 in North Shore,Auckland, New Zealand. He was born on June 1, 1930, Christchurch, Canterbury, New Zealand.
Gist about Matt Poore
i.Debut & career span- He made in a test match(New Zealand v South Africa at Auckland) in 1953. His career spans from 1950-51 to 1961-62.
ii.Major achievements in his career

  • Matt Poore has played 14 Tests in which he scored 355 runs & took 9 wickets with his highest score as 45.
  • He has played in 61 first-class games for Canterbury and scored 2,336 runs and 68 wickets with his highest score being 142.

About New Zealand:
Capital– Wellington
Currency– New Zealand dollar(NZD)
Prime Minister– Jacinda Ardern

BOOKS & AUTHORS

Naoroji: Pioneer of Indian Nationalism Biography by Dinyar PatelDinyar-Patel

Historian Dinyar Patel’s biography of Dadabhai Naoroji, “Naoroji Pioneer of Indian Nationalism” was published by the Harvard University Press in May 2020.
About Dinyar Patel:
i.Patel is an assistant professor at the Department of History at the University of South Carolina.
ii.He researched the life and career of Indian Nationalist Leader Dadabhai Naoroji.
iii.He focused on the Indian Nationalist Movements, the city of Bombay and the Parsi Zarostrain community.
iv.He contributes to the BBC News, the NewYork Times online, The Hindu and Scroll.in
v.He received two Fulbright and /national Endowment for the Humanities fellowships for his research.
About the book:
i.The book displays the life chapters of Dadabhai Naoroji, who had become the first Asian to be elected to the British parliament in 1892.
ii.The book provides a detail on how Naoroji got the support of William Gladstone and Lord Ripon of Liberal party and Irish Home Rule activist respectively.
iii.The book is more informative than the previous biographies.

IMPORTANT DAYS

World Elder Abuse Awareness Day 2020: June 15World-Elder-Abuse-Awareness-Day

i.Every year on June 15 The World Elder Abuse Awareness Day(WEAAD), across the world. 
ii.This day raises awareness about abuse and neglect of older persons and raising awareness about the cultural, social, economic and demographic processes affecting elder abuse and neglect.
iii.Purpose of WEAAD- To motivate communities to recognize the problem of elderly abuse. To encourage countries to create policies for elders & also to provide them tools to continue to be productive citizens. 
About INPEA:
Headquarters- New York, United States of America(USA)
President– Susan B. Somers
About UN:
Headquarters– New York, USA
Secretary General– António Guterres
<< Read Full News >>

World Blood Donor Day 2020 – June 14World-Blood-Donor-Day

i.14th June of every year is celebrated as the World Blood Donor Day all over the world to create awareness about the need for safe blood and their importance in treatments and role in maternal and neonatal care. It was designated by the World Health Assembly(WHA) of the World Health Organisation(WHO).
ii.The theme of World blood donor day 2020 is “Safe Blood saves lives”.
iii.Slogan of the campaign is  “Give blood and make the world a healthier place”.
About WHO:
World Health Assembly is the decision making body of the WHO which determines the policies of the organisation and appoints the Director General.
Director General– Dr.Tedros Adhanom Ghebreyesus
Headquarters– Geneva, Switzerland
<< Read Full News >>

STATE NEWS

Jammu and Kashmir UT Rolls Out Poultry Policy 2020Govt-launches

The Union Territory (UT) of Jammu and Kashmir (J&K) has prepared a J&K Poultry Policy, 2020/Operational Guidelines for the first time to boost poultry production in the region.The government will give a subsidy of 50 crore annually for broiler/layer farms and related activities.
The policy will provide additional employment opportunities to youth to take up this profession.
About Jammu and Kashmir (union territory):
Capitals– Jammu (Winter), Srinagar (Summer)
Lieutenant Governor– Girish Chandra Murmu
Folk dances– Rauf, Hikat, Mandjas, Kud Dandi Nach, Damali
<< Read Full News >>

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Current Affairs Today (AffairsCloud Today)

S.no  Current Affairs 16 June 2020
1 Highlights of 40th GST Council meeting chaired by Finance Minister Nirmala Sitharaman
2 India with 12 Countries Leads “Verified” Initiative of United Nations to Counter Misinformation on COVID-19
3 RBI Releases New Framework For Financial Market Infra, Retail Payment System
4 ICICI Bank launches ‘Insta Flexicash’ an Online OD facility for its salary account customers
5 RBI Proposes to Set Age Limit of CEOs, Whole-Time Directors of Banks to 70 Years
6 IBBI restructures committee related to corporate insolvency resolution process
7 TPG, L Catterton bought 1.32% stake in Jio Platforms for Rs 6441.3 crore
8 Central Railway Launched Robotic ‘CAPTAIN ARJUN’ to Boost Screening, Surveillance in Pune along with ‘FebriEye’ in Mumbai
9 Union MoS of Home Affairs G Kishan Reddy launches ‘GermiBAN’ device to kill viruses
10  Sushant Singh Rajput, Bollywood actor passed away at 34
11 Former New Zealand cricketer Matt Poore passed away at 90
12 Naoroji: Pioneer of Indian Nationalism Biography by Dinyar Patel
13 World Elder Abuse Awareness Day 2020: June 15
14 World Blood Donor Day 2020 – June 14
15 Jammu and Kashmir UT Rolls Out Poultry Policy 2020

AffairsCloud Today June 16 2020 new