Current Affairs 19 June 2020

We are here for you to provide the important Recent and Latest Current Affairs 19 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 19 June 2020

NATIONAL AFFAIRS

Formal Jobs in India Increases by 28.6% to 78.58 Lakh in 2019-20: EPFO

According to the payroll data of EPFO (Employees’ Provident Fund Organisation), the formal employment in India saw an 28.6 % increase at 78.58 lakh in 2019-20 as compared to only 61.12 lakh added in 2018-19.

• The main reason for this is the low withdrawal by EPFO ​​subscribers due to the government’s policy reforms such as implementing GST, allowing fixed income contracts as well as better returns on PF (Provident Fund) deposits.

About EPFO (Employees’ Provident Fund Organisation):
Headquarters– New Delhi
Central Provident Fund Commissioner– Sunil Barthwal
<< Read Full News >>

INTERNATIONAL AFFAIRS

India elected for 8th term as non-permanent member of UN Security Council for 2021 & 2022; will hold presidency in August, 2021

i.India was elected unopposed for a 8th term as a non-permanent member of the United Nations Security Council (UNSC) for two years (2021 & 2022) starting January 2021 by gaining  184 votes in the 193-member General Assembly. 
ii.India was the only candidate for the lone seat from the Asia-Pacific category & India will hold the Presidency of the council in August 2021.
iii.India has previously been elected as a non-permanent member of the Council for the years 1950 & 1951, 1967 & 1968, 1972 & 1973, 1977 & 1978, 1984 & 1985, 1991 & 1992 and most recently in 2011 & 2012.
About UNSC:
Headquarters– New York, United States
Presidency– It is held by each of the members in turn for one month. For June 2020 it is held by France.
<< Read Full News >>

BANKING & FINANCE

RBI Proposes New Rules for Housing Finance Companies; Increases Min NOF to Rs 20cr

i.On June 17, 2020, RBI being a new regulator of housing finance companies (HFCs) has proposed changes to be prescribed for HFCs with an aim to increase their efficiency and address concerns of liquidity and double financing.
ii.Non-deposit (ND) taking HFCs (HFC-ND) with asset size of Rs 500 crore & above; and all deposits taking HFCs (HFC-D), irrespective of asset size, will be treated as systemically important HFCs.
iii.Housing loans must account for at least 50% of HFCs’ assets of which at least 75% should be towards individual housing loans. HFCs which do not fulfil this criterion will be treated as NBFC – Investment and Credit Companies (NBFC-ICCs)
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 >>

SEBI amends SEBI (SAST) Regulations, 2011 to enhance promoter’s shareholding

i.After exercising the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the board of SEBI has amended the regulation 3, in sub-regulation (2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI-SAST) to enhance the acquisition limit for promoters of a listed company. 
ii.The amendment allows promoters owning 25% or more of the shares or voting rights in a company to increase his shareholding by upto 10% in a year in comparison to the earlier 5% limit.
About SEBI:
Establishment– 1992
Chairman– Ajay Tyagi
Headquarter– Mumbai, Maharashtra
<< Read Full News >>

ICICI Home Finance Launches SARAL, Affordable Housing Loan Scheme 

i.ICICI Home Finance Company Limited(HFC) launched SARAL, a special affordable housing loan scheme to finance homes in urban and rural areas. 
ii.The beneficiaries are women, lower, middle income customers and economically weaker sections, with a maximum household income up to Rs 6 lakh per annum.
iii.The loan requires compulsory ownership of a woman in the country’s rural areas from Rs 3 lakh to Rs 6 lakh.
About ICICI HFC:
Headquarters– Mumbai, Maharashtra
Chairman– Anup Bagchi
Managing Director(MD) & Chief Executive Officer(CEO)– Anirudh Kamani
<< Read Full News >>

Karnataka Bank Launches Health Insurance Policy to Cover COVID-19 in Partnership with Universal Sompo General Insurance Company 

i.Karnataka Bank in partnership with Universal Sompo General Insurance Company has launched a health insurance policy.
ii.The policy aims to cover the individuals’ COVID-19 pandemic related health expenses.
iii.The health cover can be availed at a nominal premium(current price without taking inflation or other factors into account) of Rs 399, inclusive of all taxes.
About Karnataka Bank:
Headquarters– Mangaluru(Mangalore), Karnataka
Managing Director(MD) & Chief Executive Officer(CEO)– Mahabaleshwara M.S., 
About Universal Sompo General Insurance Company:
Headquarters– Mumbai, 
MD & CEO– Sharad Mathur
<< Read Full News >>

Tata AIA Life Insurance Partners with East Consultancy Services to Offer Aadhaar-Based Paperless Offline e-KYC Service

i.Tata AIA Life Insurance partnered with East Consultancy Services to offerAadhaar-based paperless offline e-Know Your Customer(KYC) service. 
ii.The offer is in line with the measures to combat the COVID-19 pandemic.
iii.The e-KYC service will offer uninterrupted service to customers during the online application process for the company’s life insurance solutions.
About Tata AIA Life Insurance:
Headquarters– Mumbai,Maharashtra
Chief Executive Officer(CEO) & Managing Director(MD)– Rishi Srivastava
Chairman– Saurabh Agrawal
<< Read Full News >>

Bank of Baroda to Fully Digitize Lending Operations

i.Bank of Baroda, India’s 3rd largest lender to fully digitise its lending operations including home, agriculture, Micro, Small and Medium Enterprises(MSME), personal and auto loans.
ii.The bank has set up a new vertical, digital lending Department at the corporate office, which will have substantial overlap with various credit verticals including Retail, MSME, Agri & service verticals like Analytics centre, Risk Management, Marketing.
About Bank of Baroda:
Headquarters– Vadodara, Gujarat
Managing Director(MD) & Chief Executive Officer(CEO)– Sanjiv Chadha
<< Read Full News >>

 APPOINTMENTS & RESIGNATIONS     

Volkan Bozkir Becomes the 1st Turkish to be Elected as the President of 75th UN General Assembly

i.Volkan Bozkir(69) from Turkey was elected as the president of the 75th United Nations(UN) General Assembly. He is the 1st turkish to hold this post. 
ii.He will hold the post for 1 year. Volkan Bozkir will succeed Tijjani Muhammad-Bande when the annual session opens on September 15, 2020.
iii.He won unopposed with the support of 178 UN member states by secret ballot.
About 75th session of UN General Assembly:
Date– September 15, 2020 to September 30, 2020
Location– New York, United States
Organiser– UN Secretariat
About UN General Assembly:
Headquarters– New York, United States
<< Read Full News >>

Kubatbek Boronov Appointed as Kyrgyzstan’s Prime Minister

On June 17, 2020 Kubatbek Boronov(55)  was appointed as Kyrgyzstan’s Prime Minister. Kyrgyzstan’s President Sooronbai Jeenbekov signed an order to appoint him. He succeeded Mukhammedkalyi Abylgaziyev who resigned on June 15 following accusations of corruption.
Key Points
i.Kyrgyzstan’s parliament approved the candidacy of Kubatbek Boronov with 105 votes out of 116.
ii.Kubatbek Boronov has served as the first deputy prime minister(since April 2018) in the previous cabinet and also was the former Emergency Minister(from 2011 to 2018) 
iii.Kyrgyzstan parliamentary elections are expected to take place in October 2020.
iv.Since 2010, the country had 9 different prime ministers including Kubatbek Boronov. 
About Kyrgyzstan
Capital– Bishkek 
Currency– Kyrgyzstani Som

SCIENCE & TECHNOLOGY

NASA Scientists Observe Bose-Einstein Quantum “Fifth State of Matter” in Space For The First Time

On June 11, 2020, According to the research published in the journal Nature, a team of scientists at NASA (National Aeronautics and Space Administration)’s Cold Atom Lab (CAL), have found for the first time in space the evidence of ‘Fifth State of Matter’ (also known as Bose-Einstein condensates (BEC).
This special state of matter occurs when the atoms of some elements are cooled to absolute zero (0 Kelvin or -273.15 ° C).

• It is to be noted that, the existence of BEC was first predicted by great scientist Albert Einstein and Indian mathematician Satyendra Nath Bose, almost 100 years ago in early 1920. 

About NASA (National Aeronautics and Space Administration):
Headquarters– Washington, D.C., United States
Administrator– Jim Bridenstine
<< Read Full News >>

OBITUARY

Former Lok Sabha MP and Banker Madhavrao Patil passes away at 80

On 14th June 2020, Madhavrao Balwant Patil, Former Lok Sabha Member and the founder of Janalaxmi Cooperative Bank passed away due to short illness at the age of 80 in Nashik, Maharashtra.He was born on 21st January 1940 in Nashik, Maharashtra.
About Madhavrao Patil:
i.He was an Agriculturalist, Management consultant, Industrialist and a Banker.
ii.He became a member of Congress in 1964.
iii.He was elected as a member of the 12th Lok Sabha from the Nashik constituency as the candidate of Congress in 1998.
iv.He was a supporter of Sharad Pawar and joined his Nationalish Congress Party in 1999.

BOOKS & AUTHORS

Penguin Hamish Hamilton released, “A Burning”, the Debut Novel of Megha Majumdar 

On 15th June 2020, The Penguin Hamish Hamilton released the “A Burning”, debut novel of Megha Majumdar. The 32-year-old New York’s writer who was born and raised in Kolkata.
A Burning:
i.The book is about the lives of three characters, Tommy Orange, Yaa Gyasi and Jhumpa Lahiri who want to rise to the middle class, to political power, to gain fame in the film industry and how their lives changed in Indian society.
ii.The book was published on 2nd June 2020 by Knopf Doubleday publishing Group.
About Megha Majumdar:
i.She moved to the United States and studied at Harvard University where she was a Truab Scholar.
ii.She did social anthropology at John Hopkins University.
iii.She works as an associate editor at Catapult.

IMPORTANT DAYS

Sustainable Gastronomy Day 2020 – June 18

i.June 18th of every year is observed as the sustainable gastronomy day to celebrate seasonal ingredients and producers, preserve wildlife and culinary traditions.
ii.On this day, The United Nations Educational, Scientific and Cultural Organization (UNESCO) and the Food and Agriculture Organization (FAO) in collaboration with the United Nations organisations and their member states works to create an awareness to the general public on their contribution in sustainable development.
About UNESCO:
Director General– Audrey Azoulay
Headquarters– Paris, France
About FAO:
Director General– Qu Dongyu
Headquarters– Rome, Italy
<< Read Full News >>

Autistic Pride Day 2020 – June 18

i.June 18th of Every year is celebrated as the Autistic Pride Day to create awareness about Autism and to create space for the people with autism to celebrate their neurodiversity and differences. 
ii.In 2005, the first autistic pride day was celebrated in Brazil by the Aspies for Freedom(AFF) created by Gareth & Amy Nelson.
iii.A rainbow infinity symbol is used to represent neurodiversity.
About WHO:
The World Health Assembly(WHA) 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

Telangana Govt Issues Ordinance to Defer Payment of Employees, Pensioners

Amid the ongoing fight against Coronavirus (COVID-19), the state Government of Telangana has promulgated the Telangana Disaster and Public Health Emergency (Special Provisions) Ordinance 2020 which allowed it to defer salaries and pensions of its employees, pensioner, institution, any person (ready contract or outsourcing employees) in the State.
i.The Ordinance enables the government to defer payment of government employees to the extent not exceeding half (50 %) the total monthly payment. While, all India Service officers’ salaries have been cut by 60%.
About Telangana:
Capital– Hyderabad
Chief minister– K. Chandrashekar Rao
State Flower– Senna auriculata
State Fruit– Mango
<< Read Full News >>

Karnataka Observes Mask Day on 18th June 2020 

BS Yediyurappa, Chief Minister of Karnataka announced that Karnataka will observe 18th June 2020, as “Mask Day” to create awareness to the general public on the importance of wearing a mask, using sanitisers, washing hands and maintaining social distancing against COVID-19.
About Karnataka:
Capital– Bengaluru
Governor– Vajubai Rudabai
Chief Minister– B.S. Yediyurappa
<< Read Full News >>

Agri Dept of J&K Changed its Name to Agriculture Production & Farmers Welfare Department

On 17th June 2020, The Jammu & Kashmir Administration approved the Agriculture Production Department’s proposal to change its nomenclature to “Agriculture Production & Farmers Welfare Department” and announced new rules for appointments to various posts.
About J&K General Administration Department:
Lieutenant Governor– G.C. Murmu
Chief Secretary J&K– B.V.R. Subrahmanyam
<< Read Full News >>

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