Current Affairs

4 June, 2020

International

WHO Launched ‘COVID-19 Technology Access Pool’ for equal access to Life-saving Tech

This was launched after 35 countries and multiple international partners and institutions have signed for this pool to support it.
ii.The countries who have signed this pool will have collective ownership of COVID-19 treatment which means that it will avoid the patent laws that act as a barrier in sharing the crucial supplies amid the outbreak.

National

MEITY launched 3 new schemes worth Rs 50,000 cr to boost electronic manufacturing in India

These schemes will contribute in achieving a USD 1 Trillion digital economy and a USD 5 Trillion GDP by 2025
The three schemes are:

Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing,
Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)
Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme

R. K. Singh launches pan-India Real Time Market in electricity through VC

Minister of State (IC) Power and New & Renewable Energy & Minister of State (Skill Development and Entrepreneurship), R. K. Singh launched pan-India Real Time Market(RTM) in electricity through video conference in New Delhi, which has positioned Indian electricity market in the league of few electricity markets in the world, which have a RTM.

Economy

DBS Bank India partners with TCIL to facilitate real time payments for truck drivers by DBS RAPID solution

.DBS Bank India partnered with Transport Corporation of India Limited (TCIL)to facilitate real time payments for truck drivers by DBS RAPID(Real Time Application Program Interface-APIs by DBS) solution to enable them to receive payments instantly.
ii.The bank has proposed to set up a Unified Payments Interface(UPI)-based real-time payments solution which is available 24x7x365,considering the large volumes of transactions & round-the-clock nature of the operations.

Sports

Indian writer Kritika Pandey wins regional award for Asia in 2020 Commonwealth short story prize

Kritika Pandey, a 29-year-old Indian Writer from Ranchi, was announced as the winner of regional award for Asia in 2020 Commonwealth short story prize for her story “The Great Indian Tee and Snakes”.
ii.The overall winner for the 2020 Commonwealth short story will be announced on June 30.

Miscellaneous

Uday Kotak Take over from Vikram Kirloskar as the new CII President

The Confederation of Indian Industry(CII) announced its new office bearers for 2020-2021. Uday Kotak, Managing Director and CEO of Kotak Mahindra Bank succeeds Vikram Kirloskar, Chairman and Managing Director of Kirloskar System and vice chairman of Toyota Kirloskar Motor as the new President of CII.

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