Daily Current Affairs 11th June, 2020

Daily Current Affairs 11 June 2020 for Banking/Insurance/SSC and other related exams.


Coimbatore becomes Koyampuththoor as TN changes English names of 1,018 places  
The Tamil Nadu government has issued a notification as per the recommendation of an experts committee for changing the names of 1,018 places, including of many important places, in accordance with how they are exactly pronounced in Tamil.

  • For instance Coimbatore will be called Koyampuththoor and Ambattur has been re-christened as Ambaththoor. Vellore will be known as Veeloor.

Centre allots Rs 4,000 cr to states under ‘Per Drop More Crop’
 The Central government has allocated Rs 4,000 crore as annual allotment to states for the current financial year under ”Per Drop More Crop” component of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY-PDMC).

  • The state governments have identified the beneficiaries to be covered under the programme,, adding that the process to release funds to some of the states is already under way for the year 2020-21

MHA reconstitutes committee to look into the welfare of freedom fighters
The Ministry of Home Affairs (MHA) has reconstituted a committee to look into the welfare of freedom fighters, with the minister of state for home affairs G Kishan Reddy as the chairman and nine “eminent freedom fighters” from across the country as its members

  • The ministry has a separate division to serve freedom fighters who are alive and their families. It disburses pension to about 30,000 freedom fighters and their families


India ranks 56th among 200 countries on Covid-19 safety assessment, Switzerland tops
India has been ranked 56th out of 200 countries in a comprehensive report on safety and risk assessment of nations tackling Covid-19.

  • According to the 250-page-long report, Switzerland is the safest country in the world for Covid-19, followed by Germany and Israel.
  • The report has been published by a firm, Deep Knowledge Group, which specialises in regenerative medicine. It assessed the safety and risk factors for the Coronavirus in 200 countries before rolling out the conclusive study.


IRDAI withdraws long-term package third-party motor insurance
Long-term package motor insurance products that offer third party (TP) and own damage (OD) for two-wheelers (five year policies) and four wheelers (three years) will be withdrawn from August 1, 2020.

  • The insurance regulator (IRDAI) said in an order that the distribution of package policies has its challenges due to affordability factors for a large section of vehicle owners.
  • This means that customers won’t be given an option to buy OD covers for a long-term basis. This is an extension of an earlier order by Insurance Regulatory and Development Authority of India (IRDAI) order where it had asked insurers to give customers an option to choose between one year and multi-year OD plans.

Empays Payment Systems partners Mastercard to enable contact-free ATM cash withdrawals
Empays Payment Systems India Pvt Ltd, which built and runs the IMT Payment System, announced a partnership with Mastercard to enable contact-free ATM cash withdrawals in India. With thispartnership, Empays will upgrade the basic technology behind the IMT Payment System to incorporate the requirements of Mastercard Cardless ATM enabling a true EMV-capable cash withdrawal transaction

  • The solution is designed to be interoperable with any Mastercard member bank making it a scalable option for banks providing a consistent experience to their consumers.
  • After USA, India will be the first where this product will be available to users.


Global economy to shrink 5.2% in 2020: World Bank
The global economy which has plunged into a severe contraction, will shrink by 5.2 per cent this year due to the massive shock of the Covid19 pandemic and the lockdown measures to contain it, says World Bank.

  • The latest estimates of World Bank has a more bearish view on global growth than ever before perhaps after World War 2. The global growth is expected to shrink by 5.2 and a smart recovery in 2021 with 4.2 percent growth in 2021.
  • USA, Japan, Barazil and Russia is expected to contract between 6 and 8 percent while Indian economy is expected to shrink by 3.2 percent .
  • Year 2021 is expected to have a softer to smart recoveries in select economies. India ,USA and China still are best placed to witness smart growth in 2021.

TCS iON partners with NSDC to accelerate skill development. 
TCS iON, a strategic unit of Tata Consultancy Services said it has partnered with the National Skill Development Corporation (NSDC) to provide its training partners access to digital skilling tools using TCS’ iON Digital Glass Room

  • The partnership aims to strengthen NSDC’s online content aggregation platform – eSkill India – through which it enables e-learning amongst skill seekers and will contribute towards strengthening the Skill India mission.

NFL ties up with ITI to train youth in various trades
The National Fertilizers Ltd (NFL) a central PSU under the Department of Fertilizers has started tying up with Industrial Training Institutes (ITI) located near to its plants to train youth in various trades, which will enhance the chances of their employability in heavy and process industry.

  • The move will also give a thrust to the Skill India initiative of the Centre.
  • The Nangal plant of the company in Punjab has signed a Memorandum of Understanding with ITI, Nangal to train youth in 12 trades.

Amazon Business launches ‘MSME Accelerate’
Amazon Business has announced ‘MSME Accelerate’ which will run till 20th June. On Amazon.in/Business, MSME Accelerate will feature selection, deals, discounts, and savings to help small businesses kick start operations as they cater to new demands.

  • The event will feature selection from both brands and MSMEs with over 3.7 lakh sellers on the marketplace. In a difficult time for sellers, the event provides an opportunity for them to sell in larger quantities to Businesses.
  • MSME customers can leverage the event, as a one-stop destination to access a wide range of products from top categories to cater to their various needs especially that of creating a safe work environment


Russian high jumper Shustov receives four-year doping ban
Russian high jumper Alexander Shustov, the 2010 European champion, has received a four-year ban for anti-doping violations.

  • Shustov, who retired from competition in 2017, has been suspended until 2024 for “use or attempted use of a banned substance or prohibited method” in a ruling by the Lausanne-based Court of Arbitration for Sport (CAS) last week.
  • It added that Shustov’s results between July 2013 and July 2017, a period that encompasses his seventh-place finish at the 2013 World Athletics Championships in Moscow, had been voided


Burundi’s President Pierre Nkurunziza passes away
Burundi’s outgoing President Pierre Nkurunziza, 55, has died of a heart attack.

  • Nkurunziza had served as president of the central African country since 2005, including a controversial third term that critics said violated the country’s constitution. Scores died in pre-election violence, as demonstrators rallying against Nkurunziza’s candidacy were met with deadly force by police.
  • Nkurunziza survived a failed coup attempt by an army general in 2015 while the President was in Tanzania

DMK MLA J. Anbazhagan passes away
DMK MLA J Anbazhagan passed away after testing positive for coronavirus earlier last week.He was 61.

  • A three-time MLA, Anbazhagan was DMK’s Chennai west district secretary. A bold loyalist of the party and its leadership, Anbazhagan always spoke his mind

Television Actor Jagesh Mukati passes away
TV actor Jagesh Mukati, best known for playing Lord Ganesha on the 2000 mythological serial “Shree Ganesh”, has died at the age of 47.

  • Mukati had worked extensively in Gujarati theatre and also featured on popular shows like “Amita Ka Amit”, and feature films Sidharth Malhotra-Parineeti Chopra starrer “Hasee Toh Phasee” and Aamir Khan’s “Mann”.
  • “Shree Ganesh”, directed by TV thespian Dheeraj Kumar, recently returned to the small screen amidst the coronavirus-induced lockdown in the country.


World Accreditation Day
Every year, 9 June marks World Accreditation Day as a global initiative, jointly established by the International Accreditation Forum (IAF) and the International Laboratory Accreditation Cooperation (ILAC), to raise awareness of the importance of accreditation.

  • The theme for WAD 2020 is “Accreditation: Improving Food Safety”. 

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