Current Affairs

20 July, 2020

International

PM Modi delivers keynote address virtually at High-Level Segment of ECOSOC held at in New York, US

Prime Minister (PM) Narendra Modi delivered a keynote address virtually at 2020’s High-Level Segment (HLS) of the United Nations Economic and Social Council (ECOSOC) session held at the United Nations in New York, United States (US). The theme of this 2020 ECOSOC HLS was “Multilateralism after COVID19: What kind of UN do we need at the 75th anniversary”.

National

Indian Navy Conducts Naval Exercises in Andaman and Nicobar Islands

Indian Navy conducted major Naval exercises in the Andaman and Nicobar Islands led by Sanjay Vatsayan, Chief Rear Admiral of Eastern naval fleet as a display of strategic intents against China amid the current military conflicts in the Northeastern borders in Ladakh.

Economy

Centre’s fiscal deficit to increase to 7.6% & India’s GDP to contract by 5.3% in FY21: India Ratings and Research’s Report

As per the research report of India Ratings and Research(Ind-Ra), Centre’s fiscal deficit is estimated to increase to 7.6% in FY21, which is twice the budget estimate as the country spends more to mitigate the impact of COVID-19 pandemic, facing a shortfall in revenues.
ii.The report projects India’s Gross Domestic Product(GDP) to contract by 5.3% in FY21.
iii.The aggregate of the central and state fiscal deficit in FY21 is 12.1%, with the states contributing 4.5%.

Sports

Former Chelsea Forward and World Cup Winner Andre Schurrle Retires at 29

Andre Schurrle (29), Former Chelsa attacker and Borussia Dortmund forward and 2014 World cup winner, announces his retirement on July 17, 2020.

Miscellaneous

ICAT launched automotive technology e-portal ASPIRE

The International Centre of Automotive Technology(ICAT) has launched an automotive technology e-portal, Automotive Solutions Portal for Industry, Research and Education(ASPIRE).
ii.The key objective of this portal is to enhance the technological capability of Indian automotive sector through exchange of knowledge & expertise.
iii.It was launched to facilitate the initiative of the Department of Heavy Industry (DHI), Govt. of India to promote Research and Development(R&D) and product development in India for various sectors.

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