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VISION IAS Daily Current Affairs Compilation June 2020 PDF
VisionIAS
18:54
VISION IAS Daily Current Affairs Compilation June 2020 PDF
Click Here to download VISION IAS Daily Current Affairs Compilation June 2020 PDF
Daily Current Affairs, 03rd July 2020
VisionIAS
18:43
1) World Sports Journalists Day 2020: 2nd July
2) World Bank Approves $750 Million Emergency Response Program for MSME
•Through its MSME Emergency Response program, World Bank will address the present liquidity and credit needs of about 1.5 million viable MSMEs. The program is expected to help these MSMEs withstand the impact of the sudden shock. The World Bank Group will address the above issues along with its private sector arm, the International Finance Corporation (IFC) by supporting the government’s initiatives in order to protect the MSME sector by unlocking liquidity, strengthening Non-Banking Financial Company (NBFCs) and Small Finance Bank (SFBs), and Enabling financial innovations.
3) GoI approves Special liquidity scheme for NBFCs/HFCs
4) GoI declares entire Nagaland as “disturbed area” for 6 months
•Nagaland has been placed under the coverage of the Armed Forces (Special Powers) Act (AFSPA) for almost six decades. The Armed Forces (Special Powers) Act (AFSPA) empowers the armed forces to search and arrest, and to open fire if it seems necessary for “the maintenance of public order”.
5) French Prime Minister Edouard Philippe resigns
•This is a part of the President Emmanuel Macron plans to strengthen his green credentials and refashion his centrist government ahead of a possible re-election bid. He is planning to boost the two remaining years of his term by focusing on efforts to relaunch the French economy post the COVID-19 crisis.
6) Siddhartha Mukherjee & Raj Chetty honored as ‘Great Immigrants 2020’
7) India-Bangladesh forms LPG joint venture
•The Joint Venture Company (JVC) will help in reducing the import cost of LPG and provide it to the people of Bangladesh at an affordable price. It also aims to expand into other linked businesses such as LNG, Petrochemicals, including the LPG export through pipeline to the North East India.
8) A book titled “The Future of Higher Education” released by M Venkaiah Naidu
9) Veteran choreographer Saroj Khan passes away
The HINDU Notes – 03rd July 2020
VisionIAS
14:10
📰 India’s trade deficit with China dips to $48.66 billion
Chinese FDI has dipped to $163.78 million in 2019-20 from $229 million in the previous fiscal
•India’s trade deficit with China fell to $48.66 billion in 2019-20 on account of the decline in imports from the neighbouring country, according to government data.
•Exports to China in the last financial year stood at $16.6 billion, while imports aggregated at $65.26 billion, the data showed.
•The trade deficit stood at $53.56 billion in 2018-19 and $63 billion in 2017-18.
•India has time and again raised concerns over the widening trade deficit with China. The government is framing technical regulations and quality norms for several products to reduce dependence on Chinese imports.
•It has also imposed anti-dumping duties on goods, which are being dumped in the domestic market at below the average prices from China.
•Foreign Direct Investment (FDI) from China in India dipped to $163.78 million in 2019-20 from $229 million in the previous fiscal, according to the data.
•India had received $350.22 million in FDI from the neighbouring country in 2017-18 and $277.25 million in 2016-17.
•From April 2000 to March 2020, India attracted FDI worth $2.38 billion from China. In April, the government tightened norms for FDI coming from countries which share a land border with India.
•As per the amended FDI policy, a company or an individual from a country that shares a land border with India can invest in any sector only after getting government approval.