Current Affairs 6 June 2020

We are here for you to provide the important Recent and Latest Current Affairs 6 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 6 June 2020

NATIONAL AFFAIRS

200 Urban forests in 5 next years: ‘Nagar Van’ scheme.

i.The Central Govt. on June 5, the occasion of the World Environment Day 2020 (WED) announced the implementation to develop urban forests across the country over the span of 5 years; called the Nagar Van. 
ii.Developing on the 2020 theme by the United Nation’s Environment Programme (UNEP); “Biodiversity”.
About MoEFCC
Ministry of Environment, Forest and Climate Change (Union Minister)- , Prakash Javadekar
About UNEP
Executive Director- Inger Andersen
<< Read Full News >>

NSO released Annual Report of Periodic Labour Force Survey (PLFS), 2018 – 2019 

i.India’s unemployment rate fell between July 2018 and June 2019 to 5.8% from 6.1% during the same period of 2017-18 while the Indian economy grew 6.1% in 2018-19, slower than the 7% expansion recorded the year before.
ii.For 2018-19 the survey has covered 1,01,579 households (55,812 in rural areas and 45,767 in urban areas) and 4,20,757 people (rural – 2,39,817, urban – 1,80,940).
iii.This is the second Annual Report being brought out by NSO on the basis of PLFS.
About MoSPI:
Minister of State (Independent Charge)– Rao Inderjit Singh
Secretary– Pravin Srivastava
<< Read Full News >>

India, Australia bilateral virtual summit held; 7 agreements inked along with announcement of CSP

i.This was PM Narendra Modi’s first virtual bilateral summit, while Australia has held such a summit with Singapore in March 2020.
ii.India-Australia virtual leader’s summit was on the lines of Australian PM Scott Morrison’s visit to India which was in the pipeline (first during January 13-16 and later in May). Therefore, it was decided to have a virtual meeting.
iii.India, Australia signed following seven agreements during the meet:

• Framework Arrangement on Cyber and Cyber-Enabled Critical Technology Cooperation
• MOU on cooperation in the field of mining and processing of Critical and Strategic minerals
• MoU Arrangement concerning Mutual Logistics Support (MLSA)
• MoU on Defence Cooperation; Australia to support India’s membership for NSG
• MoU on Co-operation in the field of Public Administration and Governance Reforms
• MoU on Cooperation in Vocational Education and Training
• MoU on Water Resources Management

<< Read Full News >>

INTERNATIONAL AFFAIRS

‘Virtual Global Vaccine Summit 2020’ addressed by the Prime Minister Modi

i.The virtual Global Vaccine Summit hosted by UK Prime Minister Boris Johnson from London was attended by more than 50 countries and their global leaders.
ii.The PM of India, Narendra Modi addressed the session on aspects of India’s contribution and its long-standing view on global cooperation for immunization.
iii.India has pledged to support 15 million USD to GAVI during the Virtual Summit.
About GAVI:
GAVI was initiated with an aim to encourage manufacturing of low-cost vaccine for the poor countries, in return expecting a high volume and long-term demand.
CEO; Vaccine Alliance– Seth Berkley
<< Read Full News >>

IISC Bangalore ranked 36, 8 Indian Institutes entered top 100 in THE Asia University Ranking

In the Times Higher Education(THE) Asia University Ranking launched on 4th June 2020, Indian became the Third most represented country with 8 institutes in the top 100.Indian Institute of Science(IISc) with 36th position on the list retains its top position in India.
Key Points:
i.Six Indian Institute of Technology (IITs) are featured in the top 100 of list along with Institute of Chemical Technology(ICT)
ii.In India around 489 universities were qualified for this year’s ranking with 72 additional institutes as compared to 2019.
iii.The most represented country was Japan with 110 institutes followed by China and India with 81 universities and 72 institutes respectively.
iv.Tsinghua University, China Tops the List following Peking University, China in 2nd position and National University of Singapore, Singapore in 3rd position.
v.The ranking is made based on the citations, industry income, international outlook, research and teaching.
Indian Institutes in Top 100:

‘The Great Reset’ 2021: 51^st WEF annual summit , Davos at Switzerland

i.The 51st annual World Economic Forum (WEF) Davos dual summit meeting to be held in January 2021.WEF annual meeting will be held every year at Davos,Switzerland.50th annual WEF meeting was held from January 21-24, 2020.
ii.This summit would be virtually open for everyone across the world with more than 400 global hubs. Prince Charles of Wales and WEF Founder and Executive Klaus Schwab announced the meet during a virtual session.
About WEF
Established– 1971
WEF founder and Executive– Klaus Schwab
<< Read Full News >>

BANKING & FINANCE

RBI creates Payments Infrastructure Development Fund with initial corpus of Rs 250 cr to boost digitization

In order to encourage the deployment of Points of Sale (PoS) infrastructure in smaller cities and towns, the Reserve Bank of India (RBI) has initiated with Rs 500-crore ($66 million) Payments Infrastructure Development Fund (PIDF) with an initial contribution of Rs 250 crore . The remaining amount will be contributed by card issuing banks and card networks working in the country.

About Reserve Bank of India (RBI):
Headquarters– Mumbai, Maharashtra
Formation– 1 April 1935
Governor– Shaktikanta Das
<< Read Full News >>

ECONOMY & BUSINESS

Indian economy likely to contract by 1.5% in FY21: RBI sponsored SPF survey

The Reserve Bank of India (RBI) has released the results of 3 survey’s namely -Consumer Confidence Survey (CCS) – May 2020; Survey of Professional Forecasters (SPF) on Macroeconomic Indicators  (64th round) and Inflation Expectations Survey of Households (IESH) – May 2020.
i.According to CCS survey, the Consumer Confidence Index (CCI) was at 115.2 in March 2020 but in May 2020 it came down to 97.9.
ii.As per SPF survey, India’s gross domestic product (GDP) growth may contract by 1.5 % for the current fiscal year (FY21).
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 >>

AWARDS & RECOGNITIONS        

Kiran Mazumdar-Shaw, Executive Chairperson of Biocon named EY World Entrepreneur 2020 in a virtual ceremony

i.Kiran Mazumdar-Shaw(67 years old), Executive Chairperson of India-based Biocon Limited was named as EY World Entrepreneur Of The Year 2020 
ii.She became the 3rd Indian to win this award, after Uday Kotak of Kotak Mahindra Bank (2014) and Narayana Murthy of Infosys Technologies Limited (2005)
iii.Kiran Mazumdar-Shaw became the 2nd woman to hold the title, following Olivia Lum of Hyflux Limited from Singapore in 2011.
About EY Entrepreneur Of The Year:
EY World Entrepreneur Of The Year honors the innovative business leaders who have unstoppable vision and stop at nothing to achieve their ambition to make a difference.
About EY:
EY Global Chairman and CEO– Carmine Di Sibio
About Biocon:
Headquarters– Bangalore, India
<< Read Full News >>

Akshay Kumar ranked 52nd, the only Indian on the list, Kylie Jenner tops: Forbes 100  world’s highest-paid celebrities 2020

i.According to the Forbes 100 world’s highest-paid celebrities 2020, Bollywood actor Akshay Kumar(52 years old)  ranked 52nd with an estimated earnings of USD 48.5 million(M) & is the only indian featured on the list. 
ii.The list is topped by 22 years old Kylie Jenner, model who earned USD 590M & also topped in the women category.
About Forbes:
Headquarters- New york, United States
Chief Executive Officer(CEO)– Michael Federle
<< Read Full News >>

APPOINTMENTS & RESIGNATIONS          

PMO officers Rajeev Topno to be senior advisor at World Bank, Brajendra Navnit India’s permanent representative  to WTO

i.Cabinet’s Appointment committee approved the appointments of Rajeev Topno, the private secretary to the prime minister as Senior Advisor to the Executive Director(ED), World Bank 
ii.Brajendra Navnit, the Joint Secretary in the Prime Minister’s Office(July 2014 -September 2019) as Ambassador and Permanent Representative of India(PRI) to the World Trade Organisation(WTO) & will be posted at the Permanent Mission of India(PMI) to the WTO, under the Department of Commerce. He replaced JS Deepak at the PMI whose two-year extended term ended on May 31.
About World Bank:
Headquarters– Washington, D.C., United States
President– David R. Malpass(13th president)
About WTO:
Headquarters– Geneva, Switzerland,
Director General(DG)– Roberto Azevedo(6th DG)
About ADB:
Headquarters– Metro Manila, Philippines
President– Masatsugu Asakawa
<< Read Full News >>

SEBI rearranges its Commodity derivatives advisory committee

Securities and Exchange Board of India (SEBI) rearranged the Commodity derivatives advisory committee and appointed Ashok Dalwani, Retired IAS officer as the chairman and Aliasgar S Mithwani, Chief General Manager of SEBI as Secretary of the 17-member committee.
About SEBI:
Chairman– Ajay Tyagi
Head Office– Mumbai, Maharashtra
<< Read Full News >>

ACQUISITIONS & MERGERS        

Abu Dhabi’s Mubadala to buy 1.85% stake in Jio Platforms for Rs 9,093.6 crore

i.Mudabala,a Abu Dhabi based investor invests Rs 9,093.6 crore to buy 1.85% stake in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
ii.With this investment, the platform has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.
About Mubadala Investment Company:
It is the second-biggest state investor in Abu Dhabi after Abu Dhabi Investment Authority (ADIA),

• Managing Director and Group CEO- Khaldoon Al Mubarak

<< Read Full News >>

CCI gives nod to Peugeot and Fiat Chrysler Automobiles merger

On June 04, 2020, Competition Commission of India (CCI) has given its nod to the proposed merger between French car maker Peugeot S.A (PSA) and Fiat Chrysler Automobiles N.V (FCA),an Italian-American multinational corporation and is the world’s eighth largest auto maker.
i.The merged entity will be the 4th largest original equipment manufacturer by volume and the third largest by revenue after Toyota, Volkswagen, and Renault-Nissan-Mitsubishi.
About Peugeot S.A:
Headquarters– Rueil-Malmaison, France  
Chairman– Carlos Tavares
PSA group manufactures the Peugeot, Citroen, Opel, and Vauxhall brands.
About Fiat Chrysler Automobiles N.V. (FCA):
Corporate Headquarter- Amsterdam, Netherlands
Financial Headquarter – London,United Kingdom
Chairman– John Elkann
<< Read Full News >>

SPORTS

India to host AFC Women’s Asian Cup 2022

On June 5, 2020, Asian Football Confederation(AFC) granted the hosting rights of the AFC Women’s Asian Cup 2022 to India for the 1st time since 1979. The tournament is likely to be held in the 2nd half of the year. The event will serve as the final qualification tournament for the 2023 Federation Internationale de Football Association(FIFA) Women’s World Cup.

• The tournament was hosted by India in 1980 in Kozhikode this was the first time the competition was held in South Asia.
• The tournament will feature 12 teams from an earlier slot of 8 teams.

Key Points
i.India hosting the FIFA U-17 Women’s World Cup in 2021 will boost the All India Football Federation(AIFF).
ii.India has also hosted the AFC U-16 Championships in 2016 and the Fifa U-17 World Cup in 2017.
About AIFF:
Headquarters– New Delhi, India
President– Praful Patel 
About AFC:
Headquarters– Kuala Lumpur, Malaysia
President– Shaikh Salman bin Ebrahim Al Khalifa

IMPORTANT DAYS

World Environment Day 2020 – June 5

i.June 5th of every year is celebrated as the World Environment Day since 1974 in more than 100 countries.Theme of 2020 : “Biodiversity”. The UNEP declared the #Time for Nature campaign. 
ii.This is a United Nations flagship day to promote and encourage the involvement of the government, businesses, celebrities and citizens to focus on environmental issues.
iii.The activities of World Environment Day 2020 will be hosted by Colombia in partnership with Germany
About UNEP:
Chair– Mr. Fernando Estellita Lins de Salvo Coimbra(Brazil)
Executive Director– Inger Andersen
About Colombia:
President– Ivan Duque
Capital– Bogota
Currency– Peso
About Germany:
Chancellor– Angela Markel 
Capital– Berlin
Currency– Euro
<< Read Full News >>

STATE NEWS

UP introduces MoU Monitoring Mechanism for implementation of investment proposals and tracking of MoU

Uttar Pradesh introduces a Memorandum of Understanding (MoU Monitoring Mechanism to achieve efficient implementation of investment proposals by guiding interested investors and to track the signed MoUs.
About Uttar Pradesh:
Governor– Anandiben Mafatbhai Patel
Chief Minister– Yogi Adityanath
Chief Secretary– Rajendra Kumar Tiwari
Capital– Lucknow
<< Read Full News >>

Tamil Nadu Chief Secretary K. Shanmugam gets 3 month extension

On June 3, 2020 Centre approves the 3-month extension(August 1- October 31)  of Tamil Nadu Chief Secretary K. Shanmugam, a 1985-batch Indian Administrative Service(IAS) officer who assumed charge on June 30, 2019, after the retirement of incumbent Girija Vaidyanathan. K. Shanmugam was to retire from service on July 31, 2020.

• Prior to becoming Chief Secretary he was state’s finance secretary. He hails from Salem.

Key Points
i.The letter dated on May 15 to seek Central government nod to extend the tenure of him was sent by the Tamil Nadu government to the Union Ministry of Personnel, Public Grievances and Pensions. 
ii.The selection process of the next Chief Secretary is likely to begin soon.
Note– At present, there are 25 senior IAS officers in the cadre of Additional Chief Secretary in the Tamil Nadu & those who are on deputation to the Centre.  
About Tamil Nadu:
Capital– Chennai
Chief Minister– Edappadi K. Palaniswami 
Governor– Banwarilal Purohit

AC GAZE

HDFC Bank launches a campaign “summer treats”

The Housing Development Finance Corporation Limited(HDFC) Bank, a Mumbai based private sector bank has launched a special campaign ‘Summer Treats’ with offers to meet the changing needs of merchants as well as salaried and self-employed customers.

Severe cyclonic storm “Nisarga”: India’s west coast

Cyclone Nisarga, which intensified into a severe cyclonic storm in the Arabian Sea, expected to hit the coasts of Gujarat, Maharashtra.Over coastal Maharashtra  weakened into a Cyclonic Storm, dropped heavy rains and winds gusting up to 120km (75 miles) per hour as a category 4 cyclone near the coastal city of Alibag(Maharashtra).The name Nisarga was suggested by Bangladesh.

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