Current Affairs Today – 07th May 2020

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World Athletics Day – World Athletics Day is celebrated on 7 May. The date of observation is subjected to change as International Amateur Athletic Federation (IAAF) decides the date every year, but the month remains the same which is May. The day aims to boost participation in athletics among youngsters.

Vesak day – ‘Vesak’, the Day of the Full Moon is observed in the month of May by the United Nations on 7 May 2020. The day commemorates the birth, enlightenment, and Death of Lord Buddha, the founder of Buddhism, all of which is said to have taken place on the same day.

 

Today Current Affairs Headlines

INDIA

  • West Bengal government has allowed home delivery of liquor, launches website for ordering
  • Tamil Nadu government to convert late Cheif Minister J. Jayalalithaa’s ‘Veda Nilayam’ residence in Chennai into a memorial.
  • Congress head in Lok Sabha Adhir Ranjan Chowdhury appointed Chairperson of Parliament’s Public Accounts Committee.
  • COVID 19: Central Mechanical Engineering Research Institute (CMERI), Durgapur, develops ‘Contactless Soap cum Water Dispensing Unit’
  • COVID-19: Govt starts Aarogya Setu IVRS (Interactive Voice Response System) services to cater to people having feature phones or landlines.

 

Economy

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  • The government-appointed Economic Affairs Secretary Tarun Bajaj as Director on Reserve Bank Central Board.
  • The Government bans exports of alcohol-based hand sanitizers amid coronavirus pandemic.
  • India saved Rs 89,122 crore through energy efficiency initiatives by BEE (Bureau of Energy Efficiency) in 2018-19: Power Minister R K Singh

India has looked to lure excess of 1,000 American companies out of China

India is seeking to lure United States businesses, including medical devices giant Abbott Laboratories, to relocate from China as President Donald Trump’s administration steps up efforts to blame Beijing for its role in the coronavirus pandemic.

Govt in April reached out to more than 1,000 companies in the United States. and through overseas missions to offer incentives for manufacturers seeking to move out of China, according to Indian officials who asked not to be identified, rules on speaking with the media. India is prioritizing medical equipment suppliers, food processing units, textiles, leather, and auto part makers among more than 550 products covered in the discussions, they said.

Trump’s move to blame China for its handling of the Covid-19 outbreak, which has killed more than a quarter-million people worldwide, is expected to worsen global trade ties as companies and governments move resources out of the world’s second-largest economy to diversify supply chains. Japan has earmarked $2.2 billion to help shift factories from its neighbor, while European Union members plan to cut dependence on Chinese suppliers.

 

International Current Affairs

 

Current Affairs

 

Irans parliament introduces a new currency, Toman, to tackle inflation

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The Iranian Parliament has announced the decision to replace its currency “Rial” with another basic unit of currency called the “Toman.” Each toman will be worth 10,000 rials under the new system. The move aims to ease the psychological impact of soaring consumer prices on a population that has endured high inflation for decades and grappled the number of zeros in government figures

 

Lost At the Home reported by UNICEF in the 2019 year

 

United Nations International Children’s Emergency Fund (UNICEF) released a report titled “Lost At Home” on 5 May. The report highlighted the risks and challenges of internally displaced children and the need to protect them.

Highlights:

  • The report highlighted that 19 million children were living in displacement within their own countries due to conflict and violence in 2019.
  • In 2019, an estimated 46 million people were internally displaced by conflict and violence.
  • It also stated that there were around 12 million new displacements of children in 2019, out of which 3.8 million of them were caused by conflict and violence, and 8.2 million by disasters related to weather-related events like flooding and storms.
  • UNICEF also called on governments to take concrete action and investment that will help provide protection and equitable access to services for all internally displaced children and their families.

 

European Union (EU) hosted online Coronavirus Global Response International pledging conference

Coronavirus Global Response International pledging conference was held virtually on 5 May. The conference began on 4 May and expected to end on 23 May. Around 40 countries participated in the online summit. The conference was hosted by the European Union (EU) & its partners.

Aim: The conference aimed to raise €7.5 billion in initial funding in global cooperation.

Highlights:

  • The conference highlighted the requirement of global responsibility for the global coronavirus pandemic.
  • Romania contributed $200,000, Canada contributed $850 million. Other top donors were Japan, the United Kingdom (UK), Germany, France, and Saudi Arabia.
  • Countries and organizations around the world ensured the development of the life-saving vaccine.
  • The need to develop and deploy effective diagnostics, treatments and a vaccine against COVID-19 pandemic was stressed.
  •  Several world leaders and organizations pledged $8 billion (around Rs.60,000 Cr) to manufacture a vaccine to combat COVID-19, the diseases caused by the novel coronavirus. The fund will be used to fund laboratories across the world that have promising leads to research and develop a vaccine.

 

Agriculture

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Centre to set up farmers movement on integrated soil nutrient management based on Soil Health Card

  • Ministry of Agriculture & Farmers Welfare has announced the setting up of integrated soil nutrient management a farmers’ movement. The announcement was announced by the Union Minister for Agriculture and Farmers’ Welfare Narendra Singh Tomar. During 2020-21, the major focus of the Soil Health Programme would be on a mass awareness program for farmers in over 1 lakh villages covering all districts of the country.

Highlights:

  • The mission mode awareness of the Soil Health Programme to increase the use of bio and organic fertilizers and reducing chemical fertilizers strictly based on recommendations of Soil Health Card.
  • Soil Health Card will provide two sets of fertilizer recommendations for 6 crops including recommendations of organic manures.
  • Farmers will be given recommendations for additional crops on demand. They can also print the card as their own from the SHC portal.