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Monday, May 18, 2020

Daily Current Affairs, 18th May 2020

17:56





1) World Telecommunication and Information Society Day: 17th May
•World Telecommunication and Information Society Day is observed globally on 17th May every year. The main aim to celebrates the World Telecommunication and Information Society Day (WTISD) is to help raise awareness of the possibilities that the use of the Internet and other information and communication technologies (ICT) can bring to societies and economies.

•The theme of World Telecommunication and Information Society Day of 2020: “Connect 2030: ICTs for the Sustainable Development Goals (SDGs)”

2) World Hypertension Day observed globally on 17th May
•World Hypertension Day is observed globally on 17th May every year. The main aim of celebrates the day is to promote public awareness of increasing high blood pressure (BP) and to encourage citizens of all countries to prevent and control this silent killer. The day was celebrated for the 1st time in May 2005. World Hypertension Day (WHD) is an initiative of the World Hypertension League (WHL), an affiliated section of the International Society of Hypertension.

•The theme for World Hypertension Day 2020: Measure Your Blood Pressure, Control It, Live Longer. The theme focuses on increasing high blood pressure (BP) awareness in all populations around the world.

•The WHL has announced that it will postpone the celebration of World Hypertension Day (WHD) 2020 until October 17, 2020, due to global COVID-19 pandemic.

3) International Museum Day celebrated on 18 May
•International Museum Day is celebrated every year on 18 May to raise awareness about the fact that, “Museums are an important means of cultural exchange, enrichment of cultures and development of mutual understanding, cooperation and peace among peoples.” The International Museum Day 2020 was celebrated with the theme “Museums for Equality: Diversity and Inclusion”.

•International Museum Day was celebrated for the first time 40 years ago. The day is being celebrated all around the world and also features the participation of more and more museums from the worldwide.

4) NDMA develops dashboard “National Migrant Information System”
•An online dashboard “National Migrant Information System (NMIS)” has been developed by the National Disaster Management Authority (NDMA). The dashboard has been developed by NDMA to secure information regarding the movement of migrants and to facilitate the smooth movement of stranded persons across States.

•A central repository on migrant workers would be maintained by the dashboard NMIS. It will also support in speedy inter-State communication/co-ordination to facilitate the smooth movement of migrant workers to their native places. It also comprises of additional advantages such as contact tracing, which may be beneficial in the overall COVID-19 response work. With the help of the data integrated in the dashboard, the states will be able to visualize how many people are going out from where and how many are reaching their destination States.

5) Defence Testing Infrastructure scheme approved by Defence Minister



•A Defence Testing Infrastructure Scheme (DTIS) has been approved by the Defence Minister Rajnath Singh. The scheme with an outlay of Rs 400 crore, has been approved to offer private sector defence and aerospace companies affordable facilities to test as well as validate the weaponry designed by them. The DTIS scheme has been approved to promote indigenous defence capability, specifically amongst micro, small and medium enterprises (MSMEs) and start-ups. Under this scheme, the private sector will also have access to facilities such as sophisticated and costly testing facilities for firearms, ammunition, electronics and radar at government expense.

•The Defence Testing Infrastructure Scheme intends to set up Greenfield Defence Testing Infrastructure as a common facility in Defence Industrial Corridors (DICs), under the private sector with government assistance. The scheme will run for 5 years and envisages the setting up of six to eight test facilities in partnership with private industry.

6) Benjamin Netanyahu secures 5th term as Israeli Prime Minister
•Prime Minister Benjamin Netanyahu has won the Israeli national election, securing a record fifth term in office, after a controversial power-sharing deal with rival-turned-partner Benny Gantz. President Reuven Rivlin officially granted Netanyahu, two-week mandate to form his government, following which, Netanyahu announced the formation of his coalition government on 17 May 2020.

Under the three-year coalition deal:

•Netanyahu will serve as Prime Minister for the coming 18 months, which would keep him in power until November 13, 2021.

•Till then Benny Gantz will serve as the Defence Minister of the country.

•After 18 months, both of them will swap their roles and Netanyahu will become Defence Minister while Gantz will be the new Prime Minister.

7) NRAI tie-up with DotPe to build tech platform
•National Restaurants Association of India (NRAI) has partnered with fintech start-up DotPe to build its own tech platform. This platform enables them with online payments for digital ordering, bill settlements, and contactless dining. DotPe will provide us with a tech solution.

•NRAI is the apex body of the Food and Beverage Industry in India. This partnership would directly take on existing food-tech aggregators, Zomato and Swiggy. NRAI represents over five lakh restaurant businesses. It is also looking for different delivery and logistics companies. It is also exploring synergies with social media platforms such as WhatsApp, Facebook, and Instagram to provide and ordering facilities and visibility for restaurant partners who could potentially be its members.

8) HDFC’s Zubair Iqbal becomes new MD of J&K Bank
•Senior vice president of HDFC Bank, Zubair Iqbal has appointed as new managing director of Jammu and Kashmir Bank by Jammu and Kashmir Government. Iqbal will have a three-year tenure.

•RK Chibber, who currently holds the position of Chairman and Managing Director (CMD) of J&K Bank, will continue to serve as the Chairman of the bank for the next three years. The appointments are based upon the continuous directions by the Reserve Bank of India (RBI) to separate the positions of Chairman and Managing Director for better governance.

9) A Book titled “Wuhan Diary: Dispatches from a Quarantined City” authored by Fang Fang
•The book called “Wuhan Diary: Dispatches from a Quarantined City” authored by Chinese literary writer Fang Fang. This book is a compilation of online diary entries and social media posts that document 60 days of lockdown during COVID-19. The book was published by HarperNonFiction.

•On January 25, 2020, after the Chinese central government imposed a lockdown in Wuhan, Fang Fang began publishing an online diary. In the following days & weeks, author’s nightly postings gave voice to the fears, frustrations, anger, and hope of millions of her fellow citizens, which reflects the psychological impact of forced isolation, the role of the internet as both community lifeline and source of misinformation, and the lives of neighbours and friends taken by the deadly virus. 




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ECONOMY CLASS NOTES IN HINDI BY KUMAR AMIT SIR , DHYEYA IAS

14:13






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The HINDU Notes – 18th May 2020

14:07




📰 Centre throws open all sectors to private players

MGNREGA gets Rs. 40,000 crore in FM’s fifth tranche

•The Centre has agreed to demands from States to hike their borrowing limits from 3% to 5% of their GDP in light of the COVID-19 crisis, but on the condition that they implement specific reforms.

•The fifth and final tranche of the Atmanirbhar Bharat Abhiyan stimulus package, announced by Finance Minister Nirmala Sitharaman on Sunday, also included an additional Rs. 40,000 crore allocation for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), and a new policy welcoming private companies into every sector of industry, while limiting public sector enterprises to strategic sectors only. Corporate enterprises were also offered some relief via changes to the Insolvency and Bankruptcy Code (IBC) and the Companies Act.

•The total package amounts to almost Rs. 21 lakh crore by the Centre’s accounting, but is heavy on credit-related measures, including Rs. 8 lakh crore worth of liquidity enhancing measures by the RBI. Some analysts felt that this amounted to double counting as the credit guarantee schemes to support small companies and non-banking finance companies would also tap into the RBI’s measures.

•“The final picture shows that of the Rs. 20.97 lakh crore stimulus package — which amounts to 9.8% of GDP — only Rs. 2.2 lakh crore can be traced as direct additional budgetary cost to the Central exchequer, while another Rs. 1.55 lakh crore relates to already budgeted expenditures,” said Ernst and Young chief policy adviser D.K. Srivastava, who is also on the Advisory Council for the 15th Finance Commission.

•“The remaining 85% comes from the RBI’s liquidity announcements, credit guarantee schemes and insurance schemes, apart from the structural reforms which are not really stimulus or relief measures.”

•The decision to allocate Rs. 40,000 crore to the MGNREGA scheme in addition to the Rs. 61,000 crore allocated in the Budget was widely welcomed, as a measure that will support rural livelihoods at a time when returning migrants swell unemployment in the villages.

📰 Discontinue free power for farmers, says Centre

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Employment News 16 May to 22 May 2020 Download pdf

09:20




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Employment News pdf This Week - 16 May to 22 May.

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THE HINDU NEWSPAPER IMPORTANT ARTICLES 18.05.2020

Sunday, May 17, 2020

Ancient Indian History Notes PDF Download

11:34






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The HINDU Notes – 17th May 2020

11:27




📰 Coal, mineral reforms to help reduce imports

Coal sector will get a boost as private parties can now bid for 50 blocks: CARE Ratings

•Finance Minister Nirmala Sitharaman’s structural reform measures in the coal and mining sector are expected to give a boost to private investments in the sector and reduce India’s reliance on imports.

•“Our assessment is that if it is implemented at the earliest, these much needed reforms will double these sectors’ contribution to the GDP,” Ajay Kapur, CEO - Aluminium & Power Business, Vedanta Ltd., said.

•Saurabh Bhatnagar, partner and national leader, Metals & Mining, EY India said, “The introduction of competition, transparency and private sector participation in the coal sector will automatically build transparency of mine valuations, force rigorous mine planning and compliance, and invite investments for enhancing operational efficiency to justify the bids made at the time of mine acquisition. These were much-needed reforms in the mining sector as India is a mineral rich country and any sectoral reforms to attract investments which adds to India’s GDP through this sector and save precious foreign exchange are welcome.” According to CARE Ratings, the coal sector gets a boost as the private sector can now bid at the auctions for 50 blocks, enhancing supplies, reducing imports, which is good for the economy. The government also plans to auction Coal Bed Methane (CBM) blocks.

•Tirtha Biswas, programme lead at Council on Energy, Environment and Water (CEEW) said, “The Government of India’s big plan to push coal gasification to replace natural gas in the fertiliser sector would help square energy and food security objectives. However, ammonia produced from coal gasification has a carbon footprint that is 1.8 times higher than that produced from the conventional process using natural gas. This could potentially offset the emissions intensity reductions achieved through investments in renewables.”

•“Elimination of distinction between captive mines and non-captive will ensure a level playing field for players in the integrated metals space,” Mr. Bhatnagar said.

📰 Govt. throws open defence production and coal sectors

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THE HINDU NEWSPAPER IMPORTANT ARTICLES 17.05.2020

GS SCORE Prelims 2020 Test 44 With Solution PDF

06:22
GS SCORE Prelims 2020 Test 44 With Solution PDF





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