Current Affairs

2 July, 2020

International

WTO Dispute Settlement Body Sets Up Panel Against India’s ICT Duties Based on EU’s Complaint

The World Trade Organization (WTO) Dispute Settlement Body (DBS) has established a panel after the European Union (EU) has dragged India into the Dispute Settlement System of WTO for the second time against import duties on ICT (information and communication technology) products, including mobile phones, cameras, headphones and earphones, imposed by the country.

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).

National

Giriraj Singh Launches the 1st Edition of “Matsya Sampada” – Fisheries and Aquaculture Newsletter

Giriraj Singh, Union Minister for Fisheries, Animal Husbandry and Dairying, launched the 1st edition of “Matsya Sampada” – newsletter fisheries and aquaculture published by the Department of Fisheries and the operational guidelines of Pradhan Mantri Matsya Sampada Yojana (PMMSY).

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

From July 1, 2020, Central Government has enforced the amendments to the Indian Stamp Act, 1899, and the Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules as proposed under Part I, Chapter IV of the Finance Act, 2019 on 10th December, 2019.

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

In order to promote mutual understanding, Indian Navy and Japanese Navy (Japanese Maritime Self-Defence Force) have conducted a day long Naval Exercise PASSEX for tactical and communications training, towards the Malacca Strait in the Indian Ocean Region (IOR).
ii.The overall content of this PASSEX (passing exercise) was goodwill training and to promote understanding.

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.
In this regard, more than 80 crore people will be provided 5 kg free wheat or rice per month along with 1 kg free whole chana (pulses) to each family per month.
Centre has provided a total of 116.34 lakh metric tonne (LMT) food grains for the April-June period. Notably, Government of India is bearing 100% financial burden of approximately Rs. 46,000 crores for food grains and approximately Rs 5,000 crore for pulses under PMGKAY.

Economy

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

Fitch Ratings Inc in its June 2020 update of Global Economic Outlook (GEO), has lowered India’s growth forecast for FY 2021-22 to 8% from 9.5 % projected in may 2020 due to the toughest lockdown imposed by the central government to prevent the outbreak of Coronavirus (COVID-19).

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.

Sports

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Miscellaneous

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

Ravinder Bhakar, a 1999 batch officer of Indian Railway Stores Service(IRSS), assumed charge as the Chief Executive Officer(CEO) of Central Board of Films Certification(CBFC). He succeeds Anurag Srivastava.

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.

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