Weekly Current Affairs, June 8 – June 15

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Current Affairs is an important section to cover if one wish to appear in any kind of competitive exams like APSC, UPSC, all state civil service exams, Railway exams, SSC, RRBs, IAS, ACS, all Government job exams, TET, CTET and different banking exams like IBPS, SBI PO, SBI Clerk , RBI etc. We have covered the latest Weekly Current Affairs, June 8 – June 15, 2020. Visit our page regularly to get the latest informations and get updated and prepared for your exams.

1. India launches its first Online Waste Exchange

On the occasion of World Environment Day, Andhra Pradesh Government launched the first online Waste Exchange programme. Andhra Pradesh has a big numbers of industries falling under red and orange categories. These industries generates large quantities of liquid waste, hazardous and non-hazardous solid waste and air pollutants. So initiatives for environmental protection are need of the hour for the state.

What is an Online Waste Exchange programme ?

The Online Waste Exchange Programme basically includes a web portal where buying and selling of waste recycled products can be done. The website acts as a platform for vendors and buyers of waste to connect with each other.

Key points regarding the Chennai’s Online Waste Exchange Programme

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  • The website will help to dispose off toxic substances safely.
  • Recycle and re-use can be done by following the principles of 6R’s Reuse, Recycle, Reduce, Redesign, Refurbish and Remanufacture.
  • The website will enable locals to buy recycled products from the Chennai Corporation.
  • Chennai Corporation will get assistance to acheive its target of generating zero waste.
  • The platform will track audit, scrutinize the waste and encourage proper utilization of the waste.

2. PMO secretaries to hold key positions in World Bank and WTO

In yet another good news for India in global forum, top officials of the country will hold positions in some important global organizations. The private Secretary of PM Modi, Mr Rajeev Topno was recently appointed as the Senior Advisor to the Executive Director of World Bank.

Besides this a Joint Secretary at the PMO was appointed to the World Trade Organization (WTO) as an ambassador. H Atheli has been appointed as advisor to executive director of Asian Develop Banks.

3. Gairsain declared as 2nd Capital of Uttarakhand

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The Government of Uttarakhand formally declared Gairsain, a tehsil in Chamoli district as the summer capital of the state on 8 June, 2020.

Why Gairsain is declared as summer capital of Dehradun ?

  • The location of Gairsain is located almost at the centre of the state.
  • Gairsain was envisaged as the state capital during the statehood agitation.
  • After the formation of the state on 9 November 2000, Dehradun was made the capital of Uttarakhand. But it was recorded as temporary capital.
  • The statehood activists of the state contended that Gairsain was best suited to be the capital of Dehradun since it was located between both Kumaon and Garhwal regions.
  • The BJP had promised in it’s Vision document for 2017 assembly elections that Gairsain would be made the summer capital of the state.

4. India to set up its first Coal Exchange platform

India has decided to set up its first Coal Exchange platform. It is online platform where pricing will be determined transparently through demand and supply.

Key Points

  • The Coal trading platform will be set up on the lines of commodity or energy exchanges.
  • With the setting up of the online platform, the coal market will now transform into an open sector to the market forces of the country.
  • The price determination will be transparent and will be decided online through demand and supply.
  • The Fuel Supply Agreements(FSA) regime of Coal India Ltd will likely come to an end.
  • However Coal India Ltd may still remain the market leader on account of its huge production target of one billion tones by 2024.

5. The Raymon Magsaysay Awards cancelled

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The Raymond Magsaysay Awards have been cancelled this year due to Covid-19 pandemic. This is the third time the annual award got cancelled in six decades.

Key Points

  • The Raymon Magsaysay Award is regarded as the Asia’s version of the Nobel Prize.
  • The awards were cancelled due to a financial crisis in 1970 and due to a disastrous earthquake that hit the Philippines in 1990.
  • The awards are name after a popular Philippine president who died in a 1957 plane crash and honour “greatness of spirit in selfless service to the peoples of Asia.
  • The award recognizes and honours individuals that have achieved distinction in their field and help others generously.
  • Acharya Vinoba Bhave was the first Indian to win this award.
  • Mother Teresa was the first Indian Women to receive the Raymon Magsaysay Award.

6. India-ASEAN Youth Dialogue Held

The India-ASEAN Youth Dialogue Held from 8 June, 2020 to 10 June, 2020 for the third time. The dialogue was held in online mode.

Key Points

  • The leaders of the India-ASEAN Youth Dialogue acknowledged the re-establishment and rival of the Nalanda University in Bihar. The University has been offering several scholarship programs for ASEAN students in various fields.
  • The members of the dialogue pledged to enhance cooperation in ways to effectively channelise youth energy.
  • The dialogue observed that the youth of India ASEAN countries are playing a pivotal role in fighting against the ongoing Covid-19 crisis.
  • The dialogue highlighted that India and it’s ASEAN counterparts have some of the most young populations of the world. India alone has more than 450 million people of age group ranging from 15-35 years. It means India has the largest number of young people in the world.

About ASEAN

The Association of Southeast Asian Nations(ASEAN) is a regional intergovernmental organization. It comprises of ten South-east Asian countries namely, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. The headquarter of ASEAN is located at Jakarta. The ASEAN promotes intergovernmental cooperation and facilities economic, political, security, military, educational and socio-cultural integration among its members and other Asian countries.

7. Deep Submergence Rescue Vehicle(DSRV) complex inaugurated

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A Deep Submergence Rescue Vehicle(DSRV) complex was inaugurated at Vishakhapatnam by Vice Admiral Atul Kumar Jain of Eastern Naval Command on June 10, 2020.

The complex is equipped with state-of-the-earth facilities and designed to accommodate the newly inducted submarine rescue system. It can store the DSRV assets in rescue ready state.

weekly current affairs June 8 -June 15
A DSRV (source- wikimedia)

Key Points

  • A deep submergence rescue vehicle is a vehicle used to rescue downed submarines and clandestine missions.
  • The Indian Navy inducted the first Deep submergence Rescue Vehicle at Mumbai Naval Dockyard on 12 December, 2018.
  • A DSRV system consist of a submarine rescue vehicle, a remote operation vehicle and side scan SONAR and associated equipment.
  • It also consist of diver decompression chambers and hyperbaric medical equipment.
  • It can be mobilised by air or road according to demand of a situation.
  • Indian Navy has inducted two such system till date.
  • India is among the 40 countries who operates submarines.
  • Only a few countries have a DSRV system to rescue downed submarines.

8. Union Government launched Shahakar Mitra Scheme

The Union Agricultural Minister Narendra Singh Tomar launched the Shahakar Mitra Scheme on June 11, 2020. Shahakar Mitra is a scheme on Internship Programme(SIP).

Aims of the Scheme

  • The scheme aims to help cooperative institutions access innovative ideas of young professionals and the intern will gain experience of working in the field to be self-reliant.
  • The scheme aims to provide an opportunity to the professionals of academic institutions also to develop entrepreneurial roles through cooperatives.
  • It aims to promote the Prime Minister,s call for Atmanirbhar Bharat. Atmanirbhar Bharat emphasizes the importance of vocal for local.

Key Points

  • The scheme is an initiative by the National Cooperative Development Corporation(NCDC).
  • Professional graduates from Agriculture and allied areas, IT etc. will be eligible to participate in the internship programs.
  • Professional who have completed or are pursuing their MBA degrees in Agri-business, Cooperation, Finance, International Trade, Forestry, Rural Development, Project Management etc. will also be eligible.
  • A financial support will be provided to the interns over a four month internship period.

9. Kathy Sullivan becomes the first women to reach Challenger Deep

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On June 7, 2020 Kathy Sullivan reached the deepest point in the ocean, Challenger Deep. She has become the first women to do this.

About Kathy Sullivan

Kathy Sullivan
Kathy Sullivan(Source- wikimedia)

Kathy Sullivann is an Astronaut and Oceanographer by profession. Kathryn Dwyer Sullivan was born on October 3, 1951. Sullivan was a crew member on three Space Shuttle missions. She became the first American women to walk in space in 1984. By reaching the deepest point of the ocean she has created another history.

The Challenger Deep

The Challenger Deep is the deepest point in the ocean. It is located at a depth of 10902 metres. Lieutenant Don Walsh and Swiss scientist Jacques Piccard were the first persons to reach Challenger deep in 1960. The Challenger Deep is a muddy depression in the Mariana Trench off the coast of the Pacific ocean’s Mariana Islands.

10.Advisory Panel on IBBI reconstituted.

The Government of India reconstituted the advisory panel on Insolvency and Bankruptcy Board of India(IBBI). The panel was reconstituted by inducting four new members in the committee. The new members are Ashu Suyash (MD, Crisil), R Shankar Raman(Director, L&T), Nirmal Mohanti(former Chief economist, NSE) and Rashesh Shah(Chairman, Edelweiss Group).

About IBBI

  • The IBBI was established in 2016.
  • It is a regulator that oversees insolvency proceedings in the country.
  • The IBBI committee was earlier constituted in 2017.
  • The Chairman of the Committee was noted banker Uday Kotak.
  • The new committee will be once again chaired by Uday Kotak.
  • The Advisory committee formed will advise and provide professional support on any matter relating to the Corporate Insolvency resolution and liquidation dealt with by the IBBI Board under Insolvency and Bankruptcy Code 2016.

11. India launched it’s first gas trading platform

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The Indian Energy Exchange launched India’s first gas trading platform(Indian Gas Exchange) on June 15, 2020. The new online gas trading platform was inaugurated by Minister of Petroleum and Natural Gas Dharmendra Pradhan.

Key Points :

  • The Indian Gas Exchange(IGX) is incorporated as a wholly owned subsidiary of the Indian Energy Exchange.
  • It is a fully automated web-based platform.
  • The platform will provide seamless trading experience to the customers.
  • It will offer six market products beginning with day ahead market and forward contracts including- Daily, Weekly, Weekday, Fornightly and Monthly at three physical hubs, two at Gujarat and one at andhra Pradesh.
  • The IGX will transform India’s gas market, drive industrial competitiveness, facilitate availabilty of gas at lower prices, deliver efficient utilisation of pipeline infrastructure and ensure revival of gas based power plants.

Read weekly current affairs, June 1 – June 7

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