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Weekly Current Affairs 1st To 7th June 2020

Weekly Current Affairs 1st To 7th June 2020

National News

Karnataka Listening Dashboard for COVID-19- NASSCOM

  • National Association of Software and Services Companies (NASSCOM) has delivered an end-to-end coronavirus tracking platform for Karnataka which is named as Karnataka Listening Dashboard for COVID-19.

DBS Bank Partners with TCIL

  • DBS Bank has partnered with Transport Corporation of India Limited (TCIL) to grant a real-time payment solution facility to the truck drivers with the help of DBS RAPID (Real-time Application Program Interface of DBS).

‘MeraVetan’ Mobile App—Jammu and Kashmir

  • Lieutenant Governor of Jammu and Kashmir has launched ‘MeraVetan’ Mobile App for government employees.
  • The app is developed by National Informatics Center- J&K state which will provide end to end computerization of JK payment system (JKPaySys) application.

Healthy and Energy Efficient Buildings Initiative

  • Energy Efficiency Services Limited (EESL) has partnered with MAITREE Program (Market Integration and Transformation Program for Energy Efficiency) to launch Healthy and Energy Efficient Buildings Initiative. MAITREE Program is launched by USAID (US Agency for International Development).

Kisan Credit Card Campaign —Launched for Dairy Farmers

  • The Kisan Credit Card (KCC) will prove beneficial to 1.5 crore dairy farmers who come under the category of milk unions and milk-producing companies.

‘TULIP’ Program—A Urban Learning Internship Program

  • All India Council for Technical Education (AICTE), Human Resource Development Ministry and Ministry of Housing and Urban Development have launched a TULIP Program which is an Urban Learning Internship Program.

‘Prevention of Human and Animal Mortality on Highways’

  • Union Minister of Road Transport and Highways, Nitin Gadkari launched a campaign called ‘Prevention of Human and Animal Mortality on Highways’.
  • The campaign was launched via video conference and aims to reduce deaths causing due to accidents on roads and highways. 

President of India Announces Two Ordinances for Rural and Agriculture Sector

  • President of India Ram Nath Kovind has announced two ordinances to boost the rural and agriculture sector of India.
  • Both the ordinances will aim to boost rural India and the farmers who are engaged in agriculture and allied activities.

Banking

NABARD sanctioned Rs 1,050 crores to the Farmers and Poor People of West Bengal

  • The National Bank for Agriculture and Rural Development (NABARD) has sanctioned an amount of Rs 1,050 crores as a special liquidity facility to the farmers and economically weaker section of West Bengal state.
  • The amount will help to ensure the continuous credit flow to the farmers in the lockdown situation of COVID-19.

India’s Sovereign Credit Rating lowered to Baa3- By Moody’s Investor Service

  • Moody’s Investor Service has lowered India’s Sovereign Credit Rating lowered to Baa3.
  • Moody's Investor Service has also expected contraction by 4% in India’s real GDP for FY 2021 and also has an expected rise in the growth to 8.7% for FY 2022.

Payment Infrastructure Development Fund

  • The fund has been launched to give a boost to the digital payment in India and will be used to create and encourage the acquirers to deploy and adapt Point of Sale (PoS) infrastructure in physical as well as digital modes in tier-3 to tier-6 centres and in northeastern states of India.

Indian Economy to Contract by 1.5% in FY21—By RBI

  • The Reserve Bank of India has released a survey report describing that Indian economy to contract 1.5% for the financial year of 2021.
  • The real gross fixed capital formation (GFCF) has registered a negative growth of 6.4% for FY 2020-21. However, it is expected to grow by 5.6% in 2021-22.

Index and Ranking

Times Higher Education (THE) Asia University Ranking

  • In the Times Higher Education (THE) Asia University Ranking report, India has become the third most represented country which is having it's 8 instituted in top 100 lists.
  • From Indian Institutes, the list is topped by Indian Institute of Science (IISc) which is at the rank position of 36th.
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