Current Affairs 18 June 2020

We are here for you to provide the important Recent and Latest Current Affairs 18 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 20 Current Affairs of 18 June 2020

NATIONAL AFFAIRS

India to construct Rs 2.33 cr sanitation facility at Nepal’s iconic Pashupatinath Temple

i.India has extended its financial aid by NR (Nepalese rupee) 37.23 million(i.e. Equivalent of Rs.2.33 cr INR) for the construction of the sanitation facility for the pilgrims at the Pashupatinath Temple in Kathmandu, Nepal. In this regard, a MoU has been inked between the Indian Embassy, Nepal’s Ministry of Federal Affairs and General Administration and the Kathmandu Metropolitan City.
ii.It will be constructed under the Nepal-Bharat Maitri: Development Partnership. 
About Nepal:
Capital– Kathmandu
Currency– Nepalese rupee
Prime Minister– Khadga Prasad Sharma Oli
President– Bidhya Devi Bhandari
<< Read Full News >>

Ministry Of Sports Identified 8 State-Owned Sports Facilities to Upgrade into Khelo India State Centres of Excellence

i.On 17th June 2020, The Sports Ministry prepared to establish Khelo India State Centres of Excellence(KISCE) under the Khelo India Scheme and identified 8 state owned sports facilities to upgrade as KISCE.
ii.The 8 facilities include 4 from the north east region and 4 from other regions.
About Ministry of Youth Affairs & Sports:
Minister of State– Kiren Rijiju
Secretary of Department of Sports– Ravi Mital 
Secretary of Department of Youth Affairs– Usha Sharma
<< Read Full News >>

INTERNATIONAL AFFAIRS

India is 9th largest recipient of FDI in 2019 with $51 billion; US topped: UN-World Investment Report 2020

i.In accordance with the “World Investment Report 2020” by United Nation’s (UN) trade body, the UN Conference on Trade and Development (UNCTAD), India has become the 9th largest recipient of foreign direct investment (FDI) in 2019 after receiving $51 billion last year, an increase of 20% from the 42 billion dollars of FDI received in 2018.
ii.India is the largest South Asian recipient of FDI in 2019.
iii.The global FDI flows are forecast to decrease by up to 40% in 2020, from their 2019 value of $1.54 trillion.
About World Investment Report:
It has been published annually since 1991 focusing on trends FDI worldwide, at the regional and country levels and emerging measures to improve its contribution to development.
About UNCTAD:
Headquarters– Geneva, Switzerland
Secretary-General– Dr.Mukhisa Kituyi
<< Read Full News >>

India Stands at 43rd Position in IMD’s Competitive Ranking 2020, Singapore Tops

On June 16, 2020, According to the World Competitiveness Index 2020,  prepared by Switzerland-based Institute for Management and Development (IMD)’s World Competitiveness Center (WCC), the Indian economy remained at 43rd position. While Singapore continues to occupy the first place in the list.

It includes 235 indicators and ranks among 63 countries every year.MD’s World Competitiveness Index has marked its 30th anniversary in 2019.
About Institute for Management Development (IMD):
Headquarters– Lausanne, Switzerland
Chairman– Michel Demaré
<< Read Full News >>

Serum Institute of India signed supply agreement with UNICEF to supply pneumonia vaccine to low-income countries

Serum Institute of India(SII), leading manufacturer of immunobiological drugs and vaccines signs a new supply agreement with United Nations Children’s Fund (UNICEF) and Vaccine alliance Gavi’s procurement partner to supply pneumococcal conjugate vaccine to low income countries all over the world.
About SII:
Chairman & MD– Cyrus S. Poonawalla
CEO– Adar C.Poonawalla
Location– Pune, Maharashtra
About Gavi:
Gavi is associated with the International Finance Facility for Immunisation(IFFIm)
Headquarters– Geneva, Switzerland;Washington DC, USA
<< Read Full News >>

India Joined GPAI, 1st of its kind AI initiative as founding member

i.India has joined the first-of-its-type initiative namely Global Partnership on Artificial Intelligence (GPAI) as a founding member to support responsible and human-centric development and use of Artificial Intelligence (AI).
ii.With this, India became the 15th founding member of GPAI which also include the United States (US), the United Kingdom (UK), European Union (EU), Australia, Canada, France, Germany, Italy, Japan, Mexico, New Zealand, Republic of Korea, Slovenia, and Singapore for launch of GPAI.
About OECD:
Headquarters– Paris, France
Secretary-General– Jose Angel Gurria Trevino
<< Read Full News >>

Around 45 Million People Fall into Acute Food Insecurity Since February 2020 due to COVID-19: FAO Report

On June 16, 2020,According to the report titled “Policy Brief: The Impact of COVID-19 on Food Security and Nutrition” released by Italy based Food and Agriculture Organization (FAO), around  45 million people were fall into acute food insecurity since February 2020 due to of the novel coronavirus (COVID-19) pandemic, of which a majority of 33 million people reside in South and Southeast Asia, and most of the remainder in Sub-Saharan Africa.
Key Points:
i.As per the report, the pandemic likely to cost $8.5 trillion in the next 2 years.
ii.In addition, more than 49 million may pushed into extreme poverty as majority of being affected again resides in Sub-Saharan Africa, due to the lack of measures taken to curb the disease, including lockdowns affected entire food supply chains.
iii.The report stressed to follow new models of food and nutrition distribution & requested to provide a cash-based assistance and live-saving food in the most fragile areas along with maintaining liquidity and financial inclusion in rural areas.
About Food and Agriculture Organization (FAO):
Headquarters– Rome, Italy
Director-General- Qu Dongyu

BANKING & FINANCE

Asian Infrastructure Investment Bank Approves 2nd Loan of USD 750 Million under COVID-19 CRF to India

i.Asian Infrastructure Investment Bank(AIIB) approved a 2nd loan of USD 750 million to India under the bank’s USD 10 billion COVID-19 Crisis Recovery Facility(CRF); Till now India has received USD 1.25 billion dollar under the COVID-19 CRF.
ii.This loan is co-financed by the Asian Development Bank (ADB) to assist India to fight against COVID-19 & its impact on the poor. 
iii.The loan aims to strengthen India’s economic aid for businesses, expand social safety nets for the needy & the health care systems. 
About AIIB:
Headquarters- Beijing, China
President– Jin Liqun
<< Read Full News >>

HDFC Ergo & Tech firm Tropogo Jointly Launches India’s 1st ‘pay as you fly’ Insurance For Drones

On June 15, 2020, HDFC ERGO General Insurance Company, the country’s third-largest non-life insurance provider has joined hands with UK based tech firm TropoGo Limited to launch India’s 1st ‘Pay as you Fly’ insurance for drone-owners in India.

• Members of this policy can claim an insurance cover of up to Rs 10 lakh on TropoGo mobile app & they can opt for 4 hours, one-day, or a one-month cover to insure themselves against third-party liabilities.

About HDFC ERGO General Insurance Company Ltd:
MD & CEO– Mr. Ritesh Kumar
Headquarters- Mumbai, Maharashtra
About TropoGo Limited:
Headquarters– South glamorgan, United Kingdom
Founder– Sandipan Sen
<< Read Full News >>

SEBI panel headed by Anil Dave suggested measures to strengthen enforcement of SEBI

i.In order to strengthen the Securities and Exchange Board of India (SEBIs) enforcement mechanism and also to improve its system of recovery of siphoned off money, the SEBI committee headed by former Supreme Court Judge Anil Dave has proposed a method of quantification of profit made by the defaulter and loss caused to investors
ii.The panel recommended amendment in Intermediaries Regulations to the SEBI. It has suggested that a two-tier enquiry process of registration for intermediaries should be replaced with an enquiry process for early completion of the enquiry proceedings
About SEBI:
Headquarter– Mumbai, Maharashtra
Chairman– Ajay Tyagi
<< Read Full News >>

ECONOMY & BUSINESS

Infosys becomes 1st Indian Company to sign Climate Pledge with Amazon and Global Optimism to Become Net-Zero Carbon

On 16th June 2020, Infosys partnered with Amazon and Global Optimism and signed the Climate Pledge, an initiative by Jeff Bezos, founder of Amazon and Christiana Figueres, founder of Global Optimism and former United Nations Climate chief to become net-zero carbon by 2040, ten years ahead of the Paris Agreement.
About Infosys:
CEO & MD– Salil Parekh
Headquarters-Bengaluru, Karnataka
About Amazon:
Founder & CEO– Jeff Bezos
Headquarters-Washington DC, United States
<< Read Full News >>

AWARDS & RECOGNITIONS        

Indian Startups Stellapps and Zestmoney are a Part of the World Economic Forum’s List of Technology Pioneers of 2020

i.On 16th June 2020, Two Indian startups Stellapps and Zestmoney were featured in the List of Technology Pioneers of 2020, released by the World Economic Forum(WEF) which consist of pioneers addressing the global issues with advanced technologies.
ii.More than 25 industries in the list are led by females which is twice the industry average.
About WEF:
Founder & Executive Chairman– Klaus Schwab
President– Børge Brende
Headquarters– Geneva, Switzerland
About ZestMoney:
Founders– Lizzie Chapman, Priya Sharma & Ashish Anantharaman
Headquarters– Bangalore, Karnataka
About Stellapps:
CEO– Ranjith Mukundan
Headquarters– Bangalore, Karnataka
<< Read Full News >>

APPOINTMENTS & RESIGNATIONS          

DK Jain, BCCI’s 1st Ever Ombudsman Gets a 1-year Extension as Ethics Officer and Ombudsman 

The tenure of former supreme court judge DK Jain as the ethics officer and ombudsman of Board of Control for Cricket in India(BCCI) got a 1year extension in June 2020 due to the current covid-19 situation. He was the first-ever ombudsman of BCCI appointed by the supreme court in February 2019.
Key Points:
i.He was appointed as the He took additional changes as the ethics officer of BCCI.
ii.His tenure as the ethics officer and ombudsman of BCCI ended on 29th February 2020 and he resumed office after the renewal of his contract in June 2020.
Cases handled by Jain:
i.Suspension of KL Rahul and Hardik Pandya for their inappropriate comment in a talk show.
ii.He also handled the conflict of interest between Sachin Tendulkar, VVS Laxman and Sourav Ganguly.
About BCCI:
President– Sourav Ganguly
Headquarters– Mumbai

SCIENCE & TECHNOLOGY

Indian Railways installs Automated Ticket Checking and Managing Access Machine, 1st of its Kind at Nagpur station 

i.Indian Railways’ Central Railway zone has installedAutomated Ticket Checking & Managing Access(ATMA) machine, 1st of its kind at Nagpur station. 
ii.The machine has been introduced at the station under the New, Innovative Non Fare Revenue Ideas Scheme(NINFRIS) policy to prevent transmission of COVID-19.
iii.This is an Innovative Earning Contract, implemented by Nagar(NGP) Central Railways(CR) for the prevention of COVID-19.
About Indian Railways:
Chairman Railway Board– V. K. Yadav
Union Railway Minister– Piyush Goyal
<< Read Full News >>

SPORTS

4th Asian Youth Para Games to be Held in Bahrain in December 2021

i.The Asian Paralympic Committee(APC) announced that the 4th Asian Youth Para Games will take place in Bahrain from December(1-10) 2021. 
ii.The event will be organised in partnership with the National Paralympic Committee(NPC) of Bahrain with the support of the local government.
iii.This is the 1st time Bahrain will host a big para-sport event
About APC:
Headquarters– Dubai, United Arab Emirates(UAE)
President– Majid Rashed, UAE
About Bahrain Paralympic Committee:
President– Shaikh Mohammed bin Duaij Al Khalifa
<< Read Full News >>

OBITUARY

Maha Vir Chakra awardee & 1971 war hero Lt Gen Raj Mohan Vohra passed away at 88 due to COVID-19

On June 14, 2020 Maha Vir Chakra(MVC) awardee, Lieutenant general (Lt Gen) Raj Mohan Vohra passed away at 88 due to COVID-19. He was born in 1932 in Shimla.He received the MVC in 1972 for his role in the Battle of Basantar(Part of 1971 India-Pakistan war). He also received the Param Vishisht Seva Medal.
About Raj Mohan Vohra:
i.Raj Mohan Vohra was Commissioned into the Army in 1952 & retired in 1990. He also fought in the Punjab sector during the Indo-Pak War of 1965.
ii.In his initial years of his career he served in the Scinde Horse regiment & later commanded the 4th Horse(Hodson’s Horse-  a unit of the Indian Army which originated as part of the British Indian Army) in the Shakargarh Sector during the Indo-Pak War of 1971.
iii.He was part of the 1st batch of the National Defence Academy, then the joint services wing of the Indian Military Academy, which started its training in 1949.
iv.He was the alumnus of the Defence Services Staff College, Wellington.
Few prestigious appointments: General officer commanding in Chief(GOC-in-C) Eastern Command and GOC 31 Armoured Division.
About Maha Vir Chakra:
MVC is awarded for acts of conspicuous gallantry in the presence of the enemy whether on land, at sea or in the air. It is the second highest military decoration in India, after the Param Vir Chakra.

Former Goa, Daman & Diu Minister Achyut Kashinath Sinai Usgaonkar passed away at 92

On June 16, 2020 Former Goa, Daman & Diu Cabinet Minister Achyut Kashinath Sinai Usgaonkar, passed away at 92 in the Goa Medical College and Hospital (located near Panaji) due to age-related ailments.
Key Points
i.He served as the cabinet minister in the Shashikala Kakodkar government from August 13, 1977 to April 27, 1979.
Achyut Kashinath Sinai Usgaonkar was the leader of the Maharashtrawadi Gomantak Party (MGP), the oldest regional group in Goa. 
ii.He was the 1st MLA of Pale assembly constituency(one of the constituencies of Goa), comprising the present Sakhali constituency & part of Mayem constituency. He represented Pale constituency for 3 consecutive terms from 1963 to 1977
iii.Prior to serving as a minister, he was the deputy speaker of Goa during the Dayanand Bandodkar-led government. Bandodkar was the first chief minister of Goa, Daman & Diu.
Note– Goa, Daman, and Diu was a Union Territory(UT) of India from 19 December 1961 to 30 May 1987. In 1987, when Goa got statehood, Daman and Diu were made a separate UT.
About Goa:
Capital– Panaji
Chief Minister– Pramod Sawant
Governor– Satya Pal Malik

BOOKS & AUTHORS

Nobel Laureate Kazuo Ishiguro’s New Novel ‘Klara and the Sun’ to be Released in March 2021

i.Nobel Prize winner(2017) Kazuo Ishiguro(Japan born british author) will release his new novel ‘Klara and the Sun’.
ii.It will be published by Faber & Faber in the United Kingdom, Alfred A. Knopf in the United States and Knopf in Canada on March 2, 2021.
iii.This is the first novel by him since he was awarded the Nobel Prize in Literature.
About Japan:
Capital– Tokyo
Currency– Japanese yen (JPY)
<< Read Full News >>

IMPORTANT DAYS

World Day to Combat Desertification and Drought 2020 – June 17

i.June 17th of every year since 1995 is observed as the World day to combat desertification and drought to educate the general public on the international efforts to fight against desertification.
ii.the United Nations Convention to Combat Desertification’s (UNCCDs) motto “Healthy land = Healthy people”.
iii.The theme of World day to combat desertification and drought 2020 is “Food. Feed. Fibre. – the link between consumption and land”
About KFS:
Minister– Park Chong Ho
Headquarters– Daejeon, Republic of Korea
About UNCCD:
Executive Secretary– Ibrahim Thiaw
Headquarters– Bonn, Germany
<< Read Full News >>

STATE NEWS

AP, 1st Indian State presented its Budget amid COVID-19: Rs 2.24 lakh cr Budget publicized by Buggana Rajendranath for FY21

i.Finance Minister of Andhra Pradesh (AP) Buggana Rajendranath presented the AP state budget for Rs 2.24 lakh crore for the FY20-21. 
ii.With this, AP became the first Indian state to convene its Legislative Assembly and Council which will adopt a budget for FY21 amid the Covid-19 pandemic. iii.Apart from this, AP Governor Biswabhusan Harichandan addressed the Assembly through video conference, which is also another first for the country.
A revenue receipts of Rs 1.61 lakh cr projected in FY2020-21 while revenue expenditure is estimated at Rs 1,80,392.65 crore.  
About AP:
Chief Minister– Yeduguri Sandinti Jaganmohan Reddy 
Capital– Amaravati
<< Read Full News >>

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