Current Affairs 2020 – Today Latest Current Affairs News

7

Dear Aspirants,

Welcome to Today’s Current Affairs. This current affair news is useful for Govt jobs Interviews, TNPSC, IAS, UPSC, SSC, Railway, Banking exams IBPS, PO, SO, Clerk, and other all competitive exams for the entire part of the general awareness or general knowledge (GK) section. These daily current affairs 2020 resources provide facts about events of International, National, Political, Social, Banking, Business, Sports, and Entertainment related current affairs.

Click Here to attend the Latest Current Affairs Quiz

Latest Govt Jobs CLICK HERE

Current Affairs 2020 - Today Latest Current Affairs News 1

 

NATIONAL LOVE A TREE DAY – On May 16th each year, National Love a Tree Day celebrates the wonderful gifts trees give. Set in the middle of Garden for Wildlife Month, the observance encourages us to care for trees and plant trees.

NATIONAL BARBECUE DAY – If the mouthwatering aromas wafting down the street haven’t told you, we will; May 16th is National Barbecue Day! The purist in the world of barbecue either uses charcoal, wood, or gas and slow cooks the protein over indirect heat.

NATIONAL SEA MONKEY DAY – National Sea Monkey Day on May 16th each year celebrates the tiny brine shrimp that swim around mail-order aquariums.

 

Top One Line Current Affairs Headlines

INDIA

  • National Book Trust’s 7 titles on “Psycho-Social Impact of Pandemic & Lockdown and How to Cope With” launched by HRD Minister.
  • Indian Coast Guard Ship Sachet, interceptor boats C-450 and C-451 commissioned in Goa by Defence Minister
  • Sahitya Akademi award-winning Bengali author Debesh Roy dies at 84 in Kolkata.

AGRICULTURE: ECONOMIC PACKAGE

  • Economic package focusing on agriculture and allied activities announced.
  • Operation Greens to be extended from TOP (Tomatoes, Onion, and Potatoes) to ALL fruits and vegetables.
  • Rs 4000 Cr outlay has been made to promote herbal cultivation with a target of covering 10 lakh hectares in 2 years.
  • An 800-hectare corridor of medicinal plants will be developed along the banks of Ganga.
  • Rs 1 lakh Cr Agri infrastructure fund will be set up for funding creation of infrastructure such as cold chains, post-harvest management infrastructure such as cold chains, post-harvest management infrastructure.
  • Rs. 13,343 Cr National Animal Disease Control Programme to be launched for 100% vaccination of cattle, buffalo, sheep, goat and pig population in India
  • Animal Husbandry Infrastructure Development Fund worth Rs. 15,000 crores will be set up.
  • 10,000 crore Fund for Micro Food Enterprises (MFEs) Marketing assistance will be set up for Agri products.
  • Pradhan Mantri Matsya Sampada Yojana will be launched for the development of marine and inland fisheries.
  • Scheme launched for interest subvention @ 2percent per annum to dairy cooperatives for 2020-21.
  • Essential Commodities Act will be amended to enable better price realization for farmers.

SERVICES TRADE DATA:

  • 2019-20 Data on India’s services trade in 2019-20 released.
  • Trade surplus moved up 2.1% to US$ 80.07 billion.
  • Exports increased by 7.8% to US$ 220.73 billion.
  • Imports moved up 11.3% to US$ 140.65 billion.

ECONOMY

  • ONGC awards 49 marginal oil and gas fields to 7 successful bidders.
  • World Bank approves USD 1 billion ‘Accelerating India’s COVID-19 Social Protection.
  • Foodgrains production to touch an all-time high of 295.67 million tonnes (+3.67%) in 2019-20 crop year: Govt.

WORLD

  • WTO Director-General Roberto Azevedo to step down on August 31, one-year before the completion of his 8-year term.

 

Current Affairs: INDIA

Current Affairs 2020 - Today Latest Current Affairs News 2

 

What is Event Bolt Malware in news recently?

The Computer Emergency Response of Team (CERT) of India has issued warning against a new malware called “EventBot”. The malware according to CERT steals personal financial information from Android phone users.

Highlights – The Eventbolt malware that is spreading is a Trojan. It cheats victims secretly attacking a computer or phone operating system. Currently, the malware is capable of targeting more than 200 different financial applications. The malware has already looted cryptocurrency wallets, bank accounts in Europe and the US. It targets money-transfer services, financial applications.

 

Third Tranche of Rs 20 lakh Economic Package announced

Current Affairs 2020 - Today Latest Current Affairs News 3With Prime Minister Modi announcing the Atma Nirmar Bharat Abhiyan on May 12, 2020, Rs 20 lakh Cr was allocated to ease the life of the people during Lock Down 4.0. Following this, the Finance Minister Nirmala Sitaraman held two press meets earlier explaining the country about the split of these funds. The third Tranche of the funds is to be allocated to agriculture and allied activities.

Infrastructure and Capacity Building:

  • Around Rs 1 lakh Cr is being allocated to the Farmer Producer Organization and cooperative societies. This includes cold chains, post-harvest management infrastructure, storage centers, etc. This mainly targets the startups and entrepreneurs that reach the product to the markets.
  • Rs 10,000 crores has been allocated to Micro Food Enterprises. A scheme is to be launched under which the funds will be used to support local produce
  • This will work on a cluster-based approach. Under the initiative, Kashmir can focus on Saffron, Bihar on Makhana, Tamil Nadu on Tapioca, Karnataka on Ragi, Andhra Pradesh on Chillies, North East on Bamboo and so on.

Governance and Administrative Reforms:

Essential Commodities Act – (I)The act is to be amended. The foodstuffs such as cereals, oilseeds, edible oils, pulses, potato, and onions are to be deregulated. (II) Marketing choices are to be provided to the farmers. A central law is to be constituted to make sure farmers do not have barriers such as inter-state trade within the country. (III) Quality Assurance and Agriculture Produce Price are to be provided before the sowing season begins. A legal framework will be brought in to achieve this. Large retailers, exporters, food processors will be included in the process.

Lock Down in India and GoI steps:

India is the largest milk producer, largest pulse producers, and also the largest jute producer. It is also the second-largest in the production of sugarcane, fruits, vegetables, cotton, groundnuts and fisheries. India is the third-largest producer of cereals.

The following were the Government supports provided during the lockdown:

  • During Lock Down, the GoI had purchased Rs 74,300 crore worth food grains from the farmers through the Minimum Support Price system.
  • Through PM KISAN Card Scheme, Rs 6,400 crores were transferred.
  • GoI also cleared Rs 6,400 crores of claimed payments under PM Fasal Bima Yojana.
  • During Lock Down, the demand for milk reduced by 20-25%. In order to help milk producing farmers, GoI announced a new scheme of interest subvention of 2% on their loans. This scheme is to unlock Rs 5,000 crores in the hands of the milk-producing farmers.
  • Operation of Marine Capture Fisheries and Aquaculture was released to support Inland Fisheries. Around 242 new registrations of shrimp hatcheries were done during the lockdown.

 

Defence Minister: Approves Rs.400 Cr Defence Testing Infrastructure Scheme

Current Affairs 2020 - Today Latest Current Affairs News 4Defence Minister Rajnath Singh approved the launch of the Defence Testing Infrastructure Scheme (DTIS) with an outlay of Rs.400 crore. The aim is to create a state of the art testing infrastructure for the defense sector and to boost domestic defense and aerospace manufacturing.

Defense Testing Infrastructure Scheme:

  • DTID Scheme will run for a duration of 5 years. Unser the scheme, the MoD set up 6-8 new test facilities in partnership with the private industry.
  • The scheme will facilitate indigenous defense production, consequently, reduce imports of military equipment and help make the country self-reliant.
  • The projects will be provided with up to 75 percent of government funding in the form of ‘Grant-in-Aid’. The other 25 percent of the project cost will be borne by the Special Purpose Vehicle (SPV), whose constituents will be Indian private entities and State Governments.
  • The SPVs will be registered under the Companies Act 2013.
  • It will operate and maintain all assets under the Scheme, in a self-sustainable manner by collecting user charges. The systems that are tested will be certified as per appropriate accreditation.
  • The majority of test facilities are expected to come up in the two Defence Industrial Corridors (DICs). The Scheme is not limited to setting up Test Facilities in the DICs only.

 

Current Affairs: Tamil Nadu

Tamil Nadu ports Storm alarm cage boom

Current Affairs 2020 - Today Latest Current Affairs News 5Thunderstorms in the ports, including Pamban, have caused a storm surge tonight following the weather report. A storm alert has been unloaded in Tamil Nadu ports as a storm is brewing in the Bay of Bengal tonight. Accordingly, the number 1 storm warning cage has been unloaded at the ports of Nagai, Pamban.

It is customary to unload a single storm warning cage to inform fishermen of the general nature of the storm. In this case, the fishermen have been advised not to go to sea. The cyclone has created low winds in southern Andaman and South East Bengal. It will be further strengthened on the 15th and will be concentrated in the Central Bengal Sea as a low-lying windmill. The Chennai Meteorological Department said the storm could strengthen on the 16th.

 

Current Affairs: International

 

Current Affairs 2020 - Today Latest Current Affairs News 6

 

Trump: Severing all ties with China

Worldwide, it is still believed that the novel coronavirus has spread from China.

The epidemic first spread from Wuhan, China. But is this novel coronavirus natural? Or was it created by humans in the lab? Controversy continues to prevail.

The US is imposing serious charges on China. The US is definitively claiming that the virus was released from China’s laboratory. US President Donald Trump has called it a ‘Chinese virus’.

Moreover, Trump has accused the World Health Organization of favoring China. Following this, he stopped funding the World Health Organization. The United States has seen 86,912 deaths to date. Day to day life is on the rise. The US is struggling to contain Corona.

In this case, Trump has threatened to cut off all ties with China. In a message to Fox News, the company said, “We can do many things. It could sever all ties with China.