Current Affairs is an important section to cover if one wish to appear in any kind of competitive exams like APSC, UPSC, all state civil service exams, Railway exams, SSC, RRBs, IAS, ACS, all Government job exams, TET, CTET and different banking exams like IBPS, SBI PO, SBI Clerk , RBI etc. We have covered the latest Weekly Current Affairs, June 16 – June 22, 2020. Visit our page regularly to get the latest informations and get updated and prepared for your exams.
1. India becomes 12th largest holder of US govt securities
India has become the 12th largest holder of United States Goverment Securities with USD 157. 4 at the end of April, 2020 .
Top 5 countries at the end of April
- Japan with USD 1.266 Trillion
- China with USD 1.073 Trillion
- United Kingdom with USD 368.5 Billion
- Ireland with USD 300.2 Billion
- Luxembourg with USD 300.2 Billion
- The Reserve Bank of India(RBI) holds the American Government Securities as it invests in foreign assets as part of its prudential liquidity management.
- With the collapse of the gold standard or the Bretton Woods principles dollar and other US government assets began to be preferred for investments.
- India was at the 13th position in March, 2020.
- Saudi Arabia was at the 12th position in March, 2020.
2. Central Cabinet Approves Private Sector Participation in Space Activities
In order to advance India’s capabilities in the space sector the Union Cabinet has approved the participation of the private sector in various space activities. The move was made during a meeting of the Union Cabinet on 24th June, 2020.
- Through this reform private sector will be allowed to carry out space activites like building rockets, satellites, providing launch services etc.
- Private sectors can also be part of planetary exploration missions.
- An approval was made to set up Indian National Space Promotion and Authorization Centre (In-Space) under the Department of Space. It will play the role of guiding the private sector in various space activities.
- In-Space will have its own directorates for technical, legal safety and security, activity promotion as well as for monitoring purposes.
- The New Space India Limited(NSIL), a PSU, founded in March 2019 will have the responsibility to change the economic and social policies for encouraging the private sector in space activities by making Indian Space Sector from “supply driven” to “demand driven and thus ensure optimum utilization of space assets.
3. Worlds First Yoga University launched outside India.
As part of the 6th International Yoga Day commemorations the world’s first Yoga University outside India launched at Los Angeles of USA. The Yoga University was launched on 23rd June, 2020 through a virtual event organized at New York city’s Consulate General of India.
- The new Yoga University has been named after Swami Vivekananda.
- Dr. H.R Nagendra will be the first Chairman of the Vivekananda Yoga University(VaYU).
- He is the Chancellor of Swami Vivekanada Yoga Anusandhana Samsthana(SVYASA).
- Swami Vivekanada Yoga Anusandhana Samsthana is the first Yoga University of India and the world.
- The faculties for Vivekananda Yoga University(VaYU) have been recruited from Swami Vivekanada Yoga Anusandhana Samsthana(SVYASA).
- The new University will offer programs based on ancient traditional Indian practice of Yoga in combination with scientific principles and and modern research approaches.
- The Univerity will also offer online Master’s Program in Yoga(M.S Yoga).
- Vivekananda Yoga University(VaYU) will facilitate collaborative research, credit transfers, and joint programmes with multiple premier universities accross the world.
4. Vini Mahajan becomes the First Women Chief Secretary of Punjab
On 26th June 2020, Vini Mahajan, a 1987 batch IAS officer became the First Women Chief Secretary of Punjab. She is also the First Women IAS officer to hold the post of Deputy Commissioner in Punjab. Mahajan will remain in the post until her retirement in August this year.
5. Sankalp Parva from 28 June to 12 July
The Union Ministry of culture on the call of PM Narendra Modi has decided to celebrate a tree plantation campaign called ‘Sankalp Parva’ from 28 July to 12 July, 2020.
- Sankalp Parva is being celebrated across all the Subordinate Offices, Academies, Institutions affiliated & attached to the Ministry.
- It is expected that all the Institutions will plant trees in its campus or surroundings wherever it is possible.
- The Ministry of Culture recommended to plant five plants- ‘Bargad’, ‘Awla’, ‘Pipal’, ‘Ashok and ‘Bel’.
- Each employee should plant atleast one sapling.
- The Institutions are ensuring that employees are taking care of the saplings planted by them.
6. World’s largest Plasma Therapy Trail – Project Platina launched
The Maharashtra State Government launched the World’s largest Convalescent Plasma Therapy Trial project, called ‘Platina’ on 29th June 2020. The Chief Minister of Maharashtra Uddhav Thackerey launched the project virtually.
What is Plasma Therapy ?
A person who have recovered from an infection contains antibodies in their blood that can fight the pathogens such as viruses, that have caused the disease. These antibodies are found in the plasma.
In the process of Plasma Therapy, plasma is separated from the blood of a recovered person and administered to another person who is currently fighting the same infection. This is called Plasma Therapy.
About Project Platina
- There is no definite line of treatment for Covid-19 patients but Convalescent Plasma Therapy has shown some positive results.
- The project Platina will help Maharashtra to create a robust data for the use of Convalescent Plasma Therapy.
- The project will help to establish an infrastructure for plasma treatment in the state.
- The project will be implemented free of cost.
- Two doses of 200 ml of convalescent plasma will be given to all critical patients in the State Government run Covid-19 Hospitals of Maharashtra.
- The Indian Council of Medical Research(ICMR) has approved about 21 state-run hospitals, 16 medical colleges and some private hostipals to conduct plasma therapy trials.
7. PM FME Scheme launched
On 29th June, 2020 Union food processing Minister, Harsimrat Kaur Badal launched the Prime Minister Formalization of Micro Food Processing Enterprises(PM FME) scheme. The scheme is launched as part of the Atma Nirbhar Bharat Abhiyan.
Aim of the scheme
The scheme aims to provide financial, technical and business support for upgradation of existing micro food processing enterprises.. It also aims to bring in new technology, apart from affordable credit to help small entrepreneurs penetrate new markets.
- The scheme will be implemented for five years until 2024-25.
- It will generate investment of Rs 35,000 crore, 900,000 jobs and help 800,000 units.
- The scheme will offer 50% subsidy for storage and transportation to prevent distress sale by farmers.
- Nearly 200,000 micro enterprises will get credit-linked subsidy support.
- Under this scheme, micro-enterprises will get 35% subsidy on project cost, with a ceiling of Rs 10 lakh.
- The beneficiaries will have to contribute at least 10% of the project cost while the balance will come from loan.
- The expenditure under the PM FME Scheme would be shared in 60:40 ratio between Central and State Government.
- The expenditure under the PM FME Scheme would be shared in 90:10 ratio between Central and North Eastern and Himalayan States.
- The expenditure under the PM FME Scheme would be shared in 60:40 ratio between Central and UT,s with legislature.
- The expenditure under the PM FME Scheme would be shared 100% by Central Government for other Union Territories.
8. K.K Venugopal reappointed as Attorney General
The President of India reappointed senior Advocate K.K. Venugopal as the Attorney General for India on 29th June 2020. His tenure has been extended for a period of one year with effect from 1st July, 2020. The Union Government also extended the term of Tushar Mehta for three years as the Solicitor General(SG) and appointed six new Additional Solicitor General(ASGs). The tenure of five existing ASGs has also been extended.
The Attorney General for India is the chief legal advisor of the Central Government of India. He/She is the primary lawyer in the Supreme Court of India. They are the advocates from Government side. The Advocate General is appointed by the President of India on advice of Union Cabinet under Article 76(1) of the Constitution of India.
9. Film on Assamese Novel Subala at Italy festival
An Assamese film on Homen Borgohain’s Novel Subala will be screened in the International Film Festival to be held at Castello Di Rivoli from 26 November, 2020 to 29 November, 2020.
The film Subala- The Darkness Within has been directed by Munna Ahmed. Urmila Mahanta, an alumnus of the Film and Television Institute of India(FTII), Pune has played the title role in the film.
10. India and Bhutan signed Concession Agreement
A concession agreement was signed between the Kholongchhu Hydro Energy Limited and the Royal Government of Bhutan on 29th June, 2020.
- The 600 MW hydroelectric project(KHEL) will be the first-ever joint venture project to be implemented in Bhutan.
- The Joint venture partners of the project are India’s Satluj Jal Vidyut Nigam Limited(SJVNL) and Bhutan’s Druk Green Power Corporation Limited(DGPC).
- Khel will be the first joint-venture project to be implemented under Inter-Governmental Agreement(IGA) signed in 2014.
- The project is expected to generate about 2568.88 million units annually.