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.
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NATIONAL CREME BRULEE DAY – On this day, presents an opportunity to enjoy a mouth-watering custard for dessert. Since there are several flavors, don’t miss out! Crème brûlée is also known as burnt cream, crema Catalana, and Trinity crème. The dessert consists of a rich custard base.
- 1st 5 Rafales in 2 days, India’s wait for killer squadron finally ends.
- India Inc comes up with sector-wise guidelines to coincide with phase 3 of Unlock
- Centre to convert ravines in Gwalior-Chambal belt of MP into arable land with World Bank support: Agriculture Minister Narendra Singh Tomar.
- Dynamic shifts underway that will shape the future of India’s economy: RBI Governor
- India amends its accounting standards, major relief for entities like airlines & retail chains.
- PM Modi took bold decisions to help people fight COVID-19: J P Nadda, BJP President
- Army commemorates its victory over Pakistan in the 1999 Kargil war in ‘Operation Vijay’
- Delhi reports 613 new COVID-19 cases in last 24 hours.
- Rajasthan decides to provide life-saving injection Tocilizumab and plasma therapy to serious corona patients.
- Chennai: ‘Groundwater table has improved’
- Tibetans, Indian origin people stage protest against Beijing near Chinese Consulate in Vancouver.
- In another setback to China, Russia suspends deliveries of S-400 surface-to-air missiles
- TV personality and game show host Regis Philbin dies in US at 88
- NCLAT upholds Adani group’s Adani Ports & Special Economic Zone’s takeover of Dighi Port.
- Largest hike ever: Telemarketers cry foul as telcos hike bulk SMS fees by 25%-30%.
- EV charging infrastructure firm EVI Technologies, RevFin tie up for EV financing.
- India’s crude steel production at 6.8 million tonnes in June, says Steel Ministry.
- Dr Reddy’s Laboratories gets USFDA nod for Xeglyze lotion, used for lice treatment.
- Corporate India struggles to contain debt levels post Covid.
CURRENT AFFAIRS: INDIA
GoI amended certain Indian Accounting Standards
- Government of India (GoI) has amended certain Indian Accounting Standards (Ind-AS), including the standard relating to leases amid the COVID-19 pandemic. The Ministry of Corporate Affairs has amended Ind-AS 103, 116, and some other standards.
- Ind-AS 103 pertains to business combinations, Ind-AS 116 relates to principles for the recognition, presentation, and disclosure of leases.
Kumhar Sashaktikaran Yojana: 100 Electric Potter Wheels distributed
- The Union Home Minister Shri Amit Shah distributed 100 electric potter wheels under Kumhar Sashaktikaran Yojana of KVIC (Khadi and Village Industries Commission).
- The electric potter wheels were distributed to the marginalized potter community under Atma Nirbhar Bharat Abhiyan. The wheels were distributed to the artisans who were trained under Kumhar Sashaktikaran Yojana of KVIC.
|Khadi and Village Industries Commission (KVIC)||Government ministry|
|Agency executive||Vinai Kumar Saxena (Chairperson)|
On 27 July, PM Modi launches High throughput COVID-19 testing facilities
- Prime Minister Narendra Modi has launched high throughput COVID-19 testing facilities on 27 July 2020 through video conferencing. The facility is aimed to ramp up testing capacity in the country. These facilities will help in strengthening early detection and treatment, assisting in controlling the spread of the pandemic.
- The new three high-throughput testing facilities which were set up strategically are located at:
- ICMR-National Institute of Cancer Prevention and Research, Noida
- ICMR-National Institute for Research in Reproductive Health, Mumbai
- ICMR-National Institute of Cholera and Enteric Diseases, Kolkata.
|Indian Council of Medical Research(ICMR) Headquarters||New Delhi|
|Secretary and Director General||Dr. Balram Bhargava|
|Founder||Government of India|
Central Water Commission: 155% more water in reservoirs than 2019
- The Central Water Commission (CWC) recently announced that reservoirs have 155% more water as compared to that of 2019.
- According to CWC, around 123 reservoirs were monitored. There are 66.372 billion cubic metres of water currently available in the reservoirs. This is 39% of total live storage capacity of the reservoirs.
- The states such as Madhya Pradesh, Chhattisgarh, Uttarakhand, and Uttar Pradesh had the highest live storage of all the states. The departure of water from Andhra Pradesh, West Bengal and Uttar Pradesh was more than half. The reservoirs of West Bengal had 84% more storage than the normal. It was 88% in Andhra Pradesh and 67% in Uttar Pradesh.
CURRENT AFFAIRS: INTERNATIONAL
For North Korea, India has extended medical assistance worth about USD ONE million
- Government of India (GoI) has sent $1 million worth of anti-tuberculosis medicine to North Korea per a request from the World Health Organization (WHO).
- India has extended medical assistance worth about $1 million to North Korea in response to a request received from WHO. The information was announced by the Union Ministry of External Affairs.
|North Korea||Country in East Asia|
|Supreme leader||Kim Jong-un|
|Currency||North Korean won|
India increased exposure to US govt securities by nearly USD 13 billion in May
- As per the latest official data, India’s holdings of American government securities increased by nearly $13 billion to $169.9 billion at the end of May 2020. So far, India had touched a record high of $177.5 billion in February 2020.
- The US government securities are purchased by the Reserve Bank of India (RBI).
- The securities marginally rised to $157.4 billion in April and the holdings increased to $169.9 billion in May, which is an increase of around $13 billion in a month’s time.
India-Russia Joint Technology Assessment and Accelerated Commercialization Programme
- The Department of Science and Technology (DST) recently launched India-Russia Joint Technology Assessment and Accelerated Commercialization programme.
- The programme was launched in partnership with FICCI (Federation of Indian Chambers of Commerce and Industry) and FASIE (Foundation for Assistance to Small Innovative Enterprises) of Russia.
|FICCI||FICCI was established in 1927 by Purshottamdas Thakurdas and GD Birla on the advice of Mahatma Gandhi. It is a not-for-profit organization. The headquarters of FICCI is in New Delhi and is present in 12 states and 8 countries in the world. Around 25,00 companies are registered with FICCI directly.|
CURRENT AFFAIRS: ECONOMY
RBI Governor: Industry has to find new ways to finance infrastructure projects
- Industry has to find new ways to fund infrastructure projects as banks struggling with bad loans would not be able to fund them, RBI Governor Shaktikanta Das told an industry gathering organised by CII on Monday. According to estimates of NITI Aayog, the country would need around US $4.5 trillion for investment in infrastructure by 2030.
- “On financing options for infrastructure, we are just recovering from the consequences of excessive exposure of banks to infrastructure projects,” Das said. “Non-performing assets relating to infrastructure lending by banks has remained at elevated levels. There is clearly a need for diversifying financing options.”
CURRENT AFFAIRS: SCIENCE & TECHNOLOGY
India to take up clinical trials of OXFORD Vaccine COVISHIELD
- University of Oxford and AstraZeneca have shown successful clinical trials on the COVID-19 vaccine, COVISHIELD.
- World Health Organization (WHO) stated that the first use of the vaccine is expected in early 2021.
CURRENT AFFAIRS: AGRICULTURE
Global Forest Resources Assessment of FAO: India ranks third in raise in forest cover
- The Food and Agriculture Organization of the United Nations recently released Global Forest Resources Assessment (FRA) report. According to the report, India ranked third among top 10 countries where forest cover has increased in the last decade.
- The Food and Agriculture Organization bring out the report once in every five years. The report assesses state of forests in the member countries, their conditions and management. According to the report, the following 10 countries have gained forest area between 2010 and 2020:
- United States