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Weekly Current Affairs Of June 3rd week 2020

We bring you the complete and important daily Current Affairs of  April 2020 Quiz to achieve more marks in Banking, InsuranceUPSCSSC, CLAT, Railways and all other competitive Exams. We prepare it based on our daily current affairs.Hope you like it.Current Affairs of March 2020 with Latest Current affairs March 2020 PDF for preparation of Bank Exam – PO & clerk, SSC, Railways & Insurance. Our Current Affairs of April 2020 PDF covers various sections like National March Current Affairs 2020, business & economy, Indian and International affairs 2020, defense, environment current affairs, persons and many for competitive exams preparing aspirants.

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ICICI Home Finance Launches SARAL, Affordable Housing Loan Scheme 

ICICI Home Finance Company Limited(HFC) launched SARAL, a special affordable housing loan scheme to finance homes in urban and rural areas. 

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

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.

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

The e-KYC service will offer uninterrupted service to customers during the online application process for the company’s life insurance solutions.

Bank of Baroda to Fully Digitize Lending Operations

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.

About Bank of Baroda:
Headquarters– Vadodara, Gujarat
Managing Director(MD) & Chief Executive Officer(CEO)– Sanjiv Chadha

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

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.

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

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.

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

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.

About SEBI:
Headquarter– Mumbai, Maharshtra
Chairman– Ajay Tyagi

Airtel Payments Bank launches ‘Suraksha Salary Account’ for MSMEs

Airtel Payments Bank launched ‘Suraksha Salary Account’ for the micro, small and medium enterprises (MSMEs)

Features of ‘Suraksha Salary Account’– No minimum balance required & 2 covers insurance cover included namely: Hospicash Insurance, Personal Accidental insurance cover among others.

About Airtel Payments Bank:
Headquarters– Gurugram, Haryana
Managing Director(MD) & Chief Executive Officer(CEO)– Anubrata Biswas 

RBI sets up 5-member Internal working group headed by P K Mohanty to review ownership and control of Private banks

India’s central bank, the Reserve Bank of India (RBI) has has set up a 5-member internal working group (IWG) headed by its Central Board Director Prasanna Kumar (PK) Mohanty to review ownership guidelines and corporate structure for private banks in light of recent developments in the banking sector. The committee is due to submit its report by 30th September 2020.

Exim Bank sanctions $215.68 mn LoC to Malawi govt for Drinking Water Supply Schemes

Export-Import Bank of India (EXIM Bank) has provided a line of credit (LOC) of $215.68 million to the Malawi government for drinking water supply schemes and other development projects includes supply of irrigation network, tobacco threshing plant, cotton processing facilities and construction of a new water supply system from Likhubula river in Mulanje to Blantyre.
About Exim bank:
Headquarters– Mumbai, Maharashtra.
Chief Executive Officer (CEO)- David Rasquinha.
Act– Export-Import Bank of India Act 1981.


India to become President of United Nation Security Council for August 2021

India will serve as the president of the United Nation security Council (15-Member) for the month of August 2021, which has been elected as a non-permanent member of the Security Council for two years(2021-22). 

India 2nd Major Driver of Global Energy Consumption in 2019 After China: 69th Edition of BP Statistical Review 2020

According to the 69th  edition of “Statistical Review of World Energy 2020”, which collects and analyses energy data for 2019 , released by UK (United Kingdom) based oil and gas company BP plc, India was the 2nd  major market after China to increase primary energy consumption in the year 2019. 

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

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.

The global FDI flows are forecast to decrease by up to 40% in 2020, from their 2019 value of $1.54 trillion.

Headquarters– Geneva, Switzerland
Secretary-General– Dr.Mukhisa Kituyi

India Stands at 43rd Position in 32nd edition of IMD’s Competitive Ranking 2020, Singapore Tops

About International Institute for Management Development (IMD):
Headquarters– Lausanne, Switzerland
Chairman– Michel Demaré

Serum Institute of India to supply pneumonia vaccine under supply agreement with UNICEF

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.

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

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.

About Food and Agriculture Organization (FAO):
Headquarters– Rome, Italy
Director-General- Qu Dongyu

India Joined GPAI as founding member

India has joined the Global Partnership on Artificial Intelligence (GPAI) as a founding member to support responsible and human-centric development and use of Artificial Intelligence (AI).

India ranked 6th as nuclear weapons increased since 2019; US tops: SIPRI’s Yearbook 2020

Published by  the “SIPRI Yearbook 2020-Armaments, Disarmament and International Security” of Swedish think tank, Stockholm International Peace Research Institute (SIPRI).

About SIPRI:
Chair– Ambassador Jan Eliasson
Director– Dan Smith
Headquarter– Stockholm, Sweden


Dr Harsh Vardhan Launched India’s 1st I-Lab, a DBT – AMTZ Mobile Diagnostic Unit for Covid Testing

In order to provide Covid testing access to rural inaccessible areas of India, the Minister for Science & Technology, Earth Sciences and Health & Family Welfare Dr Harsh Vardhan inaugurated and flagged off India’s first I-Lab (Infectious disease diagnostic lab) from New Delhi as a part of DBT-AMTZ COMManD [COVID Medtech Manufacturing Development] Consortia.

I-Lab is a mobile testing facility that has been created by the Andhra Pradesh Med-tech Zone (AMTZ) team with the support of Department of Biotechnology (DBT) under the National Biopharma Mission being implemented by the Biotechnology Industry Research Assistance Council (BIRAC). 

Coal Ministry & FICCI Initiated e-Auction Process of 41 Coal blocks for Commercial mining; Launched by PM Modi

The commencement of the auction process of these blocks is likely to contribute Rs 20,000 crore revenues annually to the state governments. On the Central Government front, it is expected to garner Rs 33,000 crore of capital investment over next five to seven years.

About Ministry of Coal:
Union Minister– Pralhad Joshi
Secretary– Anil Kumar Jain

MNRE Sets Up Project Development Cell Under Amitesh Kumar Sinha For Investment in Green Energy Sector

The Ministry of New and Renewable Energy (MNRE) has set up a Project Development Cell (PDC) under its joint secretary Amitesh Kumar Sinha to attract investment in clean energy, especially in the solar sector.

About Ministry of New & Renewable Energy:
Headquarters– New Delhi
Minister of State (Independent Charge)- Raj Kumar Singh

UP provided employment to 57 lakh 12975 migrant workers; highest under MGNREGA

About UP:
Chief Minister– Yogi Adityanath 
Capital– Lucknow
Governor– Anandiben Mafatbhai Patel

Centre Approved Funds for Implementation of Jal Jeevan Mission in Maharashtra, Karnataka, and Tripura

  • Centre approved funding of Rs 1,829 for implementation of Jal Jeevan Mission in Maharashtra
  • Central Govt has approved fund of Rs 1,189.40 Crore for implementation of JJM in Karnataka in 2020-21
  • Centre allocated Rs 156.61 Crore for FY20-21 to Tripura for implementation of JJM in State

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.

About EPFO (Employees’ Provident Fund Organisation):
Headquarters– New Delhi
Central Provident Fund Commissioner– Sunil Barthwal

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

India has extended its financial aid by NR (Nepalese rupee) 37.23 million for the construction of the sanitation facility for the pilgrims at the Pashupatinath Temple in Kathmandu, Nepal.

About Nepal:
Capital– Kathmandu
Currency– Nepalese rupee
Prime Minister– Khadga Prasad Sharma Oli
President– Bidhya Devi Bhandari

Ministry of sports to establish and upgrade state facilities into Khelo India State Centres of Excellence 

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.

The 8 facilities include 4 from the north east region and 4 from other regions.

About Ministry of Youth Affairs & Sports:
Minister– Kiren Rijiju
Secretary of Sports– Usha Sharma
Secretary of Youth Affairs– Ravi Mital

Dharmendra Pradhan Launched Nation’s 1st “Indian Gas Exchange”, an Online Delivery-Based Gas Trading Platform

”Indian Gas Exchange (IGX)” has been launched on the lines of Prime Minister’s vision to provide clean, affordable, sustainable and equitable supply of energy to every citizen.

India Builds First Ever Infectious Disease Diagnostic Lab

India builds the first ever Infectious Disease Diagnostic Mobile Laboratory with the support of the Department of Bio-technology as a part of Atma Nirbhar Bharat.

CM Uddhav Thackray and Dr Harshvardhan e-launched ‘I-FLOWS’ a flood warning system in Mumbai 

The Chief Minister of Maharashtra, Uddhav Thackeray and Union Earth science  Minister Dr Harsh Vardhan jointly launched the state-of-the-art Integrated Flood Warning System (I-FLOWS) – Mumbai


Saudi Arabia’s Public Investment Fund Buys 2.32% Stake in Jio Platforms for Rs 11,367 Crores

Jio Platforms stepped into 11th deal with Saudi Arabia’s Public Investment Fund(PIF), who bought 2.32% stake in Jio Platforms for Rs 11,367 crores.

CCI approves acquisition of Metso Oyj’s minerals business by Outotec Oyj

The Competition Commission of India(CCI) approved the acquisition of Metso Oyj’s (Metso) minerals business by Outotec Oyj (Outotec) under section 31(1) of the Competition Act, 2002. 

CCI Approves Acquisition by MacRitchie in 91Streets, Ascent and API

The Competition Commission of India (CCI) approves acquisition by MacRitchie Investments Pte.Ltd.(MacRitchie) in 91Streets Media Technologies Private Limited(91Streets),Ascent Health and Wellness Solutions Private Limited(Ascent) and API Holdings Private Limited (API) under section 31(1) of the competition Act, 2002.

About CCI:
Formed– October 2003
Headquarters– New Delhi
Chairman– Ashok Kumar Gupta


Indian Economy to contract by 4% in 2020-21: ADB Forecast

About ADB:
Headquarters– Mandaluyong, Philippines
President– Masatsugu Asakawa
Members– 68

Infosys Signs Climate Pledge with Amazon and Global Optimism to Become Net-Zero Carbon

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
About Amazon:
Founder & CEO– Jeff Bezos

CBIC Chairman, M. Ajit Kumar launched ‘e-Office’ Application in all CGST  

The Central Board of Indirect Taxes and Customs, Chairman M. Ajit Kumar launched the e-Office application in over 500 CGST and customs officers across India, on 15th June at New Delhi.

India’s foreign exchange reserves cross $500 bn for the first time

In accordance with the weekly statistical data released by the Reserve Bank of India (RBI), India’s foreign reserves crossed the $500 billion mark as the nation had forex reserves of $501.7 billion as of June 5, 2020 a rise of $8.22 billion in a week. 


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

About WEF:
Founder & Executive Chairman– Kalus Schwab
President– Børge Brende
Headquarters– Geneva, Switzerland

Deccan Development Society won the Biodiversity Award of Prince Albert II of Monaco Foundation

The Deccan Development Society(DDS), Hyderabad Based non-governmental organisation won the Biodiversity award 2020   

Former NASA Astronaut & Geologist Kathy Sullivan becomes 1st Woman to Reach Deepest Point of Ocean

The 68-year-old Kathy Sullivan, Former NASA astronaut and Geologist became the first woman to reach the Challenger Deep, the deepest point in the ocean.


JSW Cement signs Sourav Ganguly & Sunil Chhetri as Brand Ambassadors

JSW Cement, a part of JSW Group, signed former Indian cricket captain Sourav Ganguly the current president of Board of Control for Cricket in India (BCCI) and Sunil Chhetri, captain of India’s National Football Team & Bengaluru FC as their brand ambassadors for their marketing campaign Leaders Choice in West Bengal, Bihar and Odisha.

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

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. 

About UN General Assembly:
Headquarters– New York, United States

Kubatbek Boronov Appointed as Kyrgyzstan’s Prime Minister

Kubatbek Boronov(55)  was appointed as Kyrgyzstan’s Prime Minister. Kyrgyzstan’s President Sooronbai Jeenbekov signed an order to appoint him. 

About Kyrgyzstan
Capital– Bishkek 
Currency– Kyrgyzstani Som

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

About BCCI:
President– Sourav Ganguly
Headquarters– Mumbai

PM CARES Fund Trustees appoints SARC & Associates as Auditor

About SARC & Associates:
Founder & Chairman– Sunil Kumar Gupta

Headquarters– New Delhi 

Pankaj Tripathi becomes brand ambassador of Patna’s Khadi Mall

UTI mutual funds appoint Imtaiyazur Rahman as CEO 

About UTI Mutual Fund
Chief Financial Officer- Surojit Saha
Company Secretary– Arvind Patkar


NASA Astronomers Discover 240-year-old Neutron Star ‘Swift J1818.0−1607’ After Recent X-ray Burst

According to the study published in the Astrophysical Journal Letters,  Astronomers at the NASA (National Aeronautics and Space Administration) have discovered the youngest known magnetar (a type of neutron star) named “Swift J1818.0-1607” about 16,000 light years away from Earth. 

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

IIT Mandi Develops Herbal Infusion Technology to Help Farmers in the Mid-Himalayan Region

Researchers of Indian Institute of Technology(IIT) Mandi have developed a herbal infusion technology, as a source of income for local marginal farmers in the mid-Himalayas.

About IIT Mandi:
Chairperson– Subodh Bhargava
Director– Prof. Timothy A Gonsalves

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

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).

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

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

Indian Railways’ Central Railway zone has installedAutomated Ticket Checking & Managing Access(ATMA) machine, 1st of its kind at Nagpur station. 

Ministry of Health launches a CSIR National Healthcare Supply Chain Portal ‘Aarogyapath’

Shri Rajesh Bhushan, the officer on Special Duty of  Ministry of Health and Family Welfare has launched a National Healthcare Supply Chain Portal Aarogyapath (https://www.aarogyapath.in) to provide real-time availability of critical healthcare supplies with the involvement of manufacturers, suppliers and customers.

About Ministry of Health and Family Welfare:
Headquarters– New Delhi
Union Minister– Harsh Vardhan

DRDO Develops Dry Heat Treatment Chamber “GermiKlean” to Sanitise Uniforms of Security Force

The sanitising dry heat treatment chamber “GermiKlean” – developed by Defence Research and Development Organisation (DRDO) and manufactured by Saveer Biotech Limited to sanitise the uniforms of the security forces.


500 Year Old Temple Found Submerged in Mahanadi River of Odisha

Deepak Kumar Nayak, Project Assistant of Indian National Trust for Art & Cultural Heritage(INTACH) with Rabindra Rana, heritage enthusiast of Odisha located the 500-year-old submerged temple in the Mahanadi river near Baideswar in Padmavati area, Cuttack.

New fish species ‘Schizothorax sikusirumensis’ discovered in Arunachal Pradesh

A new species of fish‘Schizothorax sikusirumensis’ discovered in Arunachal Pradesh by Dr. Keshav Kumar Jha, Associate Professor & Head, Department of Zoology, Jawaharlal Nehru College, Pasighat. 

About Arunachal Pradesh:
Capital– Itanagar
Chief Minister– Pema Khandu
Governor– B.D. Mishra 


The Debut Novel of Megha Majumdar – “The Burning”  

 The Penguin Hamish Hamilton released the “The Burning”, debut novel of Megha Majumdar. The 32-year-old New York’s writer who was born and raised in Kolkata.

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

Nobel Prize winner(2017) Kazuo Ishiguro(Japan born british author) will release his new novel ‘Klara and the Sun’.

About Japan:
Capital– Tokyo
Currency– Japanese yen (JPY)


Veteran economist & Member of the 10th Finance Commission B.P.R. Vithal Baru passed away at 93

Scriptwriter & Filmmaker KR Schidanandan passed away 

Veteran Journalist & Freedom Fighter Dinu Ranadive passed away at 95

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

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

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

About Goa:
Capital– Panaji
Chief Minister– Pramod Sawant
Governor– Satya Pal Malik

India’s oldest first-class cricketer Vasant Raiji passed away at 100

Veteran Urdu poet Anand Mohan Zutshi ‘Gulzar’ Dehlvi passed away at 93


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

The Asian Paralympic Committee(APC) announced that the 4th Asian Youth Para Games will take place in Bahrain from December(1-10) 2021. 


International Day for the Elimination of Sexual Violence in Conflict 2020 – June 19

World Sickle Cell Day 2020: June 19

Sustainable Gastronomy Day 2020 – June 18

Autistic Pride Day 2020 – June 18

India elected for 8th term as non-permanent member of UN Security Council for 2021-22

India was elected unopposed for a 8th term as a non-permanent member of the United Nations Security Council (UNSC) for two years (2021-22) starting January 2021 by gaining  184 votes in the 193-member General Assembly. 

World Day to Combat Desertification and Drought 2020 – June 17

The theme of World day to combat desertification and drought 2020 is “Food. Feed. Fibre. – the link between consumption and land”

International Day of Family Remittances 2020: June 16 

Global Wind Day 2020 – June 15

International Albinism Awareness Day 2020 – June 13

The theme of International Albinism Awareness Day 2020 is “Made to Shine”


Manipur Observes the 19th Great June Uprising Day – June 18

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.

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

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

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

Maharashtra signs 12 MoU’s with domestic and foreign companies for FDI worth Rs 16,030 crores: Magnetic Maharashtra 2.0 initiative

About Maharashtra:
Capital– Mumbai
Governor– Bhagat Singh Koshyari

Manipur CM N. Biren Singh inaugurates three projects undertaken by PHED through VC

Public Health Engineering Department(PHED)

3 projects

i.Integrated Water Supply Project for Imphal Planning Area Phase-1 (9.53 million liters per day- MLD), Porompat, Imphal East 
ii.Integrated Water Supply Project for Imphal Planning Area Phase-1 (9 MLD) Iroisemba hilltop, Imphal West
iii.Imphal Sewerage Project Phase-1 (27 MLD), Lamphelpat, Imphal West

West Bengal Chief Minister Mamata Banerjee launched “Karmo Bhumi”, a job portal to help IT professionals

West Bengal Chief Minister Mamata Banerjee launched Karmo Bhumi, a job portal to help Information Technology(IT) professionals who have lost their jobs after the outbreak of COVID-19 and returned to the state. The portal will enable them to get employment in the state. 

About West Bengal:
Capital– Kolkata
Governor– Jagdeep Dhankhar

Punjab CM Amarinder Singh launches surveillance app ‘Ghar ghar nigrani’ app to detect COVID-19