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Current Affairs Of July 2 2020



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Current Affairs Of July 2 2020



INTERNATIONAL AFFAIRS

UNGA President Tijjani Muhammad-Bande Launched ‘Alliance for Poverty Eradication’; India Joins as Founding Member

India became a founding member of the United Nation(UN)’s ‘Alliance for Poverty eradication’ launched by Tijjani Muhammad-Bande, President of the 74th United Nation’s General Assembly(UNGA).

About United Nations:-
Headquarters: New York, United States.
Secretary-General:  Antonio Guterres


New Zealand Cancels the 2021 APEC’s Auckland Summit & Opts to Virtual Summit 

New Zealand cancelled the 2021 Asia-Pacific Economic Cooperation (APEC) forum that was scheduled to be held in Auckland, due to the COVID-19 pandemic and is opting to lead a virtual summit.
About APEC:
Executive Director– Dr Rebecca Fatima Sta Maria
Headquarters– Singapore

Uganda, First African Country to Submit Results of REDD+ to UNFCCC

Uganda became the first African country to submit the results for Reducing Emissions from Deforestation and forest Degradation (REDD+) to the United Nations Framework Convention on Climate Change (UNFCCC)


NATIONAL AFFAIRS

PM announced extension of Pradhan Mantri Garib Kalyan Ann Yojana till November, 2020

Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) has been extended from July, 2020 till the end of November 2020, with an outlay of more than Rs 90,000 crore. 


India, Japan Hold PASSEX Naval Exercise to Promote Understanding in Indian Ocean

Participants: The excercise consisted of four warships viz. Rajput-class destroyer INS (Indian Naval Ship) Rana and Kora-class missile corvette INS Kulish of Indian Navy and JS Kashima (TV 3508) and JS Shimayuki (TV 3513) of JMSDF’s training squadron. 

About Indian Navy:
Chief of the Naval Staff (CNS)– Admiral Karambir Singh
Integrated Headquarters MoD (Navy)– New Delhi


Central govt Implemented Amendments in the Indian Stamp Act, 1899 and Rules from 1st July, 2020

These amendments are introducing a uniform rate of stamp duty on trading of shares and commodities which was being charged at different rates by different states.


Government Declares Entire Nagaland ‘Disturbed Area’ for 6 more Months Under AFSPA Act 1958

 The Government of India declared the entire Nagaland as a “disturbed area” for another six months from 30 June, 2020 to 31, December, 2020 by exercising the powers conferred by Section 3 of the Armed Forces (Special Powers) Act, 1958 (No.28 of 1958).

About Nagaland:-
Capital: Kohima
Chief Minister: Neiphiu Rio

India-Bangladesh form 50:50 Joint Venture Company for LPG Business in Bangladesh


  • It helps to reduce the cost of import of LPG for customers of Bangladesh.
  • The JVC takes the ‘neighborhood first’ policy of Indian Government.
  • The JV intends LPG export to north east India through pipeline between the nations.
About Indian Oil Corporation:
Headquarters: New Delhi
Chairman: Shrikant Madhav Vaidya


NITI Aayog in collaboration with RMI released ‘Towards a Clean Energy Economy’ report

The new report on clean energy transition in India titled “Towards a Clean Energy Economy: Post-Covid-19 Opportunities for India’s Energy and Mobility Sectors” brought out jointly by the National Institution for Transforming India (NITI) Aayog and the Rocky Mountain Institute (RMI) to support India’s clean energy future. 

About NITI Aayog:
Chairman– Prime Minister of India (Narendra Modi)
Chief Executive Officer (CEO)– Amitabh Kant
Headquarters– New Delhi


MoU Signed Between Indian Oil, NTPC Ltd, and SDMC for Waste to Energy Plant in Delhi

 A MoU (Memorandum of Understanding) was signed between the Indian Oil, NTPC Ltd and South Delhi Municipal Corporation (SDMC) on setting up a waste to energy plant at Okhla in Delhi.

About NTPC:
Headquarters: New Delhi
Chairman & MD: Gurdeep Singh
About Indian Oil Corporation:
Headquarters: New Delhi
ChairmanShrikant Madhav Vaidya


HRD Ministry Launches the World’s First Online B.Sc Degree in Programming and Data Science – Prepared by IIT Madras

Ramesh Pokhriyal Nishank, Union Minister of Human Resource and Development (HRD) launched the world’s first online B.Sc Degree in Programming and Data science through the webinar, the programme was prepared by Indian Institute of Technology, Madras(IIT-Madras).


Government to release commemorative stamp to honour former Prime Minister PV Narasimha Rao

Government announced that it will release commemorative stamp to honour former Prime Minister PV Narasimha Rao. He is regarded as the ‘Father of Indian Economic Reforms’. He was born on June 28, 1921 in Warangal. 


BANKING & FINANCE

World Bank Approves USD 750 Million MSME Emergency Response Program for India

The World Bank approved a  USD 750 million Micro, Small, and Medium Enterprises(MSMEs) Emergency Response Program to support severely impacted MSMEs in India due to COVID-19 crisis.

The International Bank for Reconstruction and Development(IBRD) will provide the loan.

Maturity Period of the loan– The loan has a maturity of 19 years including a 5-year grace period.  


FDI Up by $19 bn in FY20; Portfolio Investment Down by $13.7 bn: IIP Data Released by RBI

In accordance with the India’s International Investment Position (IIP) data as at end-March 2020, released by Reserve Bank of India (RBI), Foreign Direct Investment (FDI) in the country has raised by $19 billion while portfolio investment declined by $13.7 billion during 2019-20.

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


HDFC Bank Launches ‘e-Kisaan Dhan’ App for Farmers 

HDFC Bank has launched  ‘e-Kisaan Dhan’ App for Farmers in India. This app provides information and knowledge to farmers which will help them to meet the needs of the rural ecosystem.

About HDFC Bank:
Headquarters– Mumbai, Maharashtra
Chairman– Deepak S. Parekh
Managing Director– Aditya Puri 


ECONOMY & BUSINESS

Fitch Slashes India’s Growth Forecast For FY22 to 8%; Projects Contraction at 5% For FY21

About Fitch Ratings:
Headquarters– New York, US
President– Ian Linnell


SAP India Rolls Out Global Bharat Program to Digitalise MSMEs

SAP India Private Limited, a subsidiary of Germany based enterprise technology firm, in partnership with NASSCOM Foundation, United Nations Development Programme (UNDP) and Pratham InfoTech Foundation, has rolled out Global Bharat program to equip micro, small and medium enterprises (MSMEs) by providing them access to global marketplace, digital skilling for the workforce and transforming business processes.
About SAP India Private Limited:
Location– Bengaluru, Karnataka
President and Managing Director– Deb Deep Sengupta


AWARDS & RECOGNITIONS    

India’s AI enabled “MyGov Corona Helpdesk” wins two global award at 4th Annual CogX 2020 

India’s Artificial Intelligence(AI) enabled “MyGov Corona Helpdesk” won two awards under the categories “Best Innovation for Covid-19 – Society” and “People Choice Covid-19 Overall Winner” in 4th CogX, the annual Global Leadership Summit and Festival of AI and Emerging Technology held in London from June 8th to 10th


All Rounder Ravinder Jadeja Named the Most Valuable Player of India by Wisden

Jadeja’s MVP rating is around 97.3 which is second only to Muttiah Muralitharan of Sri Lanka making him the second most Valuable Test Player of the 12th Century.



APPOINTMENTS & RESIGNATIONS  

Rajkiran Rai G, Union Bank of India MD & CEO Term Extended for 2 years

Government extends the term of Rajkiran Rai G as the Managing Director(MD) and Chief Executive Officer(CEO) of Union Bank of India(UBI) by 2 years till May 31, 2022.


Ravinder Bhakar Assumes Charge as CEO of Central Board of Films Certification

About CBFC:
Headquarters– Mumbai, Maharashtra
Chairperson– Prasoon Josh


Shrikant Madhav Vaidya Assumes Charge as the Chairman of Indian Oil Corporation

Shrikant Madhav(S M) Vaidya assumed charge as the chairman of Indian Oil Corporation(IOC). He succeeds Sanjiv Singh who has superannuated.


BOOKS & AUTHORS

Hindi Literature Writer Priyamvad’s New Book, ‘Bharatiya Loktanktra Ka Koras: Kuch Bisari Bikhari Dhwaniyan’ to Release in 2021

Hindi literature writer Priyamvad to release his new book, ‘Bharatiya Loktanktra Ka Koras: Kuch Bisari Bikhari Dhwaniyan’ in 2021. The book is published by Penguin Random House India’s Indian language publishing division, Hind Pocket Books.


IMPORTANT DAYS

National Doctors Day 2020 – July 1

The theme of 2020 Doctors Day is “Lessen the Mortality of COVID-19” 


72nd National Chartered Accountants Day 2020: July 1

The theme of the event is,‘Transforming the Future: Enabling Excellence, Augmenting Trust’.