Current Affairs 3 June 2020

We are here for you to provide the important Recent and Latest Current Affairs 3 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 3 June 2020

NATIONAL AFFAIRS

Cabinet approvals on June 1, 2020

i.On June 1, 2020, Union Cabinet meet was held which was chaired by Prime Minister Shri Narendra Modi. This was the first meeting of the Union Cabinet after the Central Government entered into its second year in office.

• Cabinet approves extension of repayment date for short term loans for agriculture and allied activities by banks till August 31, 2020
• Minimum Support Prices (MSP) for Kharif Crops for marketing season 2020-21 increased
• Cabinet approves Upward revision of MSME definition and modalities/ road map for implementing Atmanirbhar Bharat Packages for MSMEs
• Rs 20000 crore package for Distressed MSMEs
• Rs 50,000 crore equity infusion through Fund of Funds

<< Read Full News >>

Kisan Credit Cards campaign launched for 1.5 crore dairy farmers: Government

i.Government under a special drive will provide Kisan Credit Cards(KCC) to 1.5 crore dairy farmers belonging to milk unions and milk producing companies within the next two months (1st June-31st July 2020). 
ii.The special drive is part of the Prime Minister’s Atma Nirbhar Bharat package for Farmers.
About KCC scheme:
It was announced in the budget of 1998-99 & launched in August 1998
Aim of the scheme- To provide adequate & timely credit for credit requirements of farmers under single window for their cultivation and to meet the short term credit requirements for cultivation of crops, post harvest expenses, produce marketing loan also the consumption requirements of farmer households among others.
Static
Constituency of Nirmala Sitharaman– Rajya Sabha (Karnataka)
<< Read Full News >>

Odisha, Sikkim and Mizoram included in ‘One Nation-One Ration Card’ scheme

The Union Minister of Consumer Affairs, Food & Public Distribution Ram Vilas Paswan informed that Odisha, Sikkim and Mizoram have joined the ‘One Nation-One Ration Card’ scheme on ‘Integrated Management of Public Distribution System’(IM-PDS) a total of 20 states/Union Territories(UTs) in the scheme.
Targets made

• All states will be added in the scheme & the scheme will be operational all over India by March 2021
• Three more States namely- Uttarakhand, Nagaland and Manipur will also be added to the national cluster by August 2020.

About Odisha
Capital– Bhubaneswar
CM– Naveen Patnaik
Governor– Ganeshi Lal
<< Read Full News >>

INTERNATIONAL AFFAIRS

India ranked 23rd for world’s best startup ecosystems; US topped: StartupBlink Ecosystem Rankings 2020

i.The ranking has been topped by the United States (US), followed by the United Kingdom (UK), and Israel at 2nd and 3rd position.
ii.India’s ranking is contrary to its annual Ease of Doing Business ranking, which continues to be on an improving path.
iii.Among the top 100 startup cities, only four India cities were named in “2020 Cities Global Ranking of Startup Ecosystem”.
About StartupBlink:
Chief Executive Officer (CEO)– Eli David 
Headquarter– Zurich, Switzerland
<< Read Full News >>

ECONOMY & BUSINESS

India’s GDP to contract by 4% in fiscal 2021 & downgraded its sovereign rating to ‘Baa3’ from ‘Baa2: Moody’s

i.Rating agency Moody’s expects India’s real Gross Domestic Product(GDP) to contract by 4% in fiscal 2021 due to the COVID-19 pandemic and related lockdown measures.
ii.India’s foreign-currency and local-currency long-term issuer ratings have been downgraded to Baa3 from Baa2. 
iii.Meanwhile India’s local-currency senior unsecured rating was also reduced to Baa3 from Baa2, and its short-term local currency rating to Prime(P)-3 from P-2. The outlook remains negative
About Moody’s:
Headquarters– NewYork, United States
President & Chief Executive Officer(CEO)– Raymond W. McDaniel, Jr.
<< Read Full News >>

Indian Energy Exchange rolls out real time electricity market

Indian Energy Exchange Limited (IEX) has started a real-time(electricity) market (RTM) to meet the demand for electricity. This will enable the power companies to buy and sell electricity according to their needs only one hour before.
i.There will be 48 auction sessions throughout the day & the power delivery will be done within one hour of the end of the bidding session. This will help in reducing dependency in case of grid fluctuations for power companies.
About Indian Energy Exchange Limited (IEX):
Headquarters– New Delhi
CEO & Managing Director– Rajiv Srivastava
<< Read Full News >>

IRCON signs MoU with NIIFL & AYANA to explore and collaborate in the solar energy sector

i.Ircon International Ltd(IRCON), a Miniratna(Category-I) Schedule, public sector enterprise has signed a Memorandum of Understanding(MoU) with National Investment and Infrastructure Fund Limited(NIIFL) and Ayana Renewable Power Private Limited(AYANA), NIIF platform company to explore and collaborate on opportunities in the solar energy sector.
ii.As per the MoU, NIIFL and IRCON have agreed in-principle to identify, bid and execute solar energy projects through joint ventures/consortium arrangements & will evaluate strategic partnerships across infrastructure projects
About IRCON:
Registered Office– New Delhi, India
Chairman & Managing Director(MD)– S.K. Chaudhary
About NIIFL:
Registered Office– New Delhi, India
MD & Chief Executive Officer(CEO)– Sujoy Bose
About AYANA:
Headquarters– Bangalore, Karnataka 
Chairman– S. S. Mundra 
MD & CEO– Shivanand Nimbargi 
<< Read Full News >>

APPOINTMENTS & RESIGNATIONS          

PM Modi appoints committee for MSME loan implementation headed by Rajnath Singh

i.On 31st May 2020, Prime Minister Narendra Modi appointed a committee headed by Rajnath Singh to solve the difficulties in the implementation of Rs.3 Lakh crore collateral-free loan forMicro, Small & Medium Enterprises(MSME).
ii.Nitin Jairam Gadkari, MSME Minister suggested the revision in the definition of medium enterprises in terms of investment and turnovers to Rs 50 crore and Rs 250 crore respectively.
About MSME Ministry:
Minister- Nitin Jairam Gadkari
Minister of State- Pratap Chandra Sarangi
About MCCIA:
President- Pradeep Bhargava
Director General- Prashant Girbane
Headquarters- Pune
<< Read Full News >>

Reserve Bank approves Lakshmi Vilas Bank’s MD and CEO, Subramanian Sundar extension

On June 1, 2020, The Reserve Bank of India (RBI) approved the extension of tenure for Lakshmi Vilas Bank (LVB) Managing Director (MD) and Chief Executive Officer (CEO), Subramanian Sundar by 6 months from May 31, 2020 to November 30, 2020.
About Lakshmi Vilas Bank (LVB):
Headquarters– Chennai, Tamil Nadu.
Tagline– The changing face of prosperity. 
<< Read Full News >>

ACQUISITIONS & MERGERS        

Tata Power acquires 51% stake in Odisha’s TPCODL for Rs 178.5 cr

On June 1, 2020, Tata Power Limited has acquired 51% stake in TP Central Odisha Distribution Ltd (TPCODL), a wholly-owned subsidiary of Grid Corporation of Odisha (GRIDCO), for a consideration of Rs 178.5 crore. The remaining 49 % stake in TPCODL will be held by GRIDCO.
About Tata Power Limited:
Headquarters– Mumbai, Maharashtra
CEO & MD- Praveer Sinha
About Grid Corporation of Odisha (GRIDCO):
Headquarters– Bhubaneswar, Odisha
Chairman-cum-Managing Director– Dr. Saurabh Garg
<< Read Full News >>

 SCIENCE & TECHNOLOGY

PM Modi Launches ‘CHAMPIONS’ portal to empower MSMEs

Prime Minister (PM) Narendra Modi has launched CHAMPIONS (Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength) to help the smaller MSMEs (Micro, Small and Medium Enterprises) by resolving their grievances and the complaints received on the portal will also be redressed within the prescribed limit.
About Ministry of Micro, Small and Medium Enterprises (MSMEs):
Headquarters– New Delhi
Union Minister– Nitin Gadkari
<< Read Full News >>

DRDO develops ‘Ultra Swachh’ to disinfect PPE and other materials

Institute of Nuclear Medicine and Allied Science(INMAS) Delhi based laboratory of Defence Research and Development Organisation (DRDO) developed “Ultra Swachh” a disinfection unit to disinfect Personal Protective Equipments (PPEs), electronic items, fabrics and other materials.
Industrial partner M/s Gel Craft Healthcare Private Ltd., Ghaziabad
About INMAS:
Director- Dr. Tarun Sekhri
Established- 1956
Located- Delhi
<< Read Full News >>

OBITUARY

Former International Archer and coach Jayanti Lal Nanoma passed away at 34

On 1st June 2020, Former international archer and Archer coach of Rajasthan Jayantilal Nanoma passed away at the age of 34 in Udaipur due a road accident on 31st May 2020(Sunday), that took place while travelling from Banswara to Dungarpur in a car with a friend. 
About Archery Association of India(AAI):
President- Arjun Munda
Secretary General- Pramod Chandurkar
Established- 8th August 1973
<< Read Full News >>

J&K: Former Union Minister, Congress leader P Namgyal passes away at 83

On June 1, 2020, P Namgyal, former Union Minister and three-time Congress MP (Member of Parliament) from Ladakh, passed away at the age of 83 in the Union Territory of Ladakh. He was born on December 17, 1937, in Nubra, Ladakh. 
About Ladakh:
Lieutenant Governor (LG)– Radha Krishna Mathur.
<< Read Full News >>

BOOKS & AUTHORS

‘One Year of Modi 2.0 – Towards A Self-Reliant India’ e-book released by Ministry of I&B

i.A 92-page e-booklet called ‘One Year of Modi 2.0 – Towards A Self-Reliant India’ on the key achievements of the Modi government during its second term was released on June 1, 2020, by the Ministry of Information and Broadcasting (I&B).
ii.This marks the first anniversary of the second term of the government.
About Ministry of I&B
The Ministry of Information & Broadcasting is instructed with the task of Information dissemination regarding education and other updates. The communication of various Government policies and programs through the media units.
Union Minister– Prakash Javadekar
<< Read Full News >>

IMPORTANT DAYS

Global Day of Parents 2020: June 1

Global Day of Parents is celebrated every year on June 1 globally. The day was organized by the United Nations (UN) to emphasize the critical role that the family has the primary responsibility for the nurturing and protection of children. 
About United Nations (UN):
Headquarters– New York City, United States (US).
Secretary-General– Antonio Guterres.
<< Read Full News >>

World Dugong Day 2020: May 28

On May 28, World Dugong Day 2020 is observed to raise awareness and conserve an endangered marine species from extinction. The dugongs commonly known as the sea cow and its Scientific name is Dugong dugon, which is the world’s only vegetarian marine mammal threatened with extinction and is fighting for its survival in Indian waters.Unless conserve, one day become extinct.
Key points:
i.They are protected in India under Schedule I of the Wild (Life) Protection Act, 1972.
ii.According to the 2013 survey report of the Zoological Survey of India (ZSI), There were just 250 dugongs in the Gulf of Mannar in Tamil Nadu, the Andaman and Nicobar Islands and the Gulf of Kutch in Gujarat.

AC GAZE

A multipurpose algae-based respirator ‘Oxigeno’ developed: LPU researchers

A team of researchers from Lovely Professional University (LPU), Punjab, have developed a first of its kind multipurpose algae-based respirator called ‘Oxigeno’, which helps to boost the amount of oxygen passing through it and filters out 99.3 percent of the harmful gasses.

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