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Daily Current Affairs 10 June 2020 With Video Lecture

NCERT & Rotary India to Telecast e-learning Content for Class 1-12 on all NCERT TV Channels To ensure that ‘e-learning reaches children across the country with NCERT approved content’. Under...

10 June 2020 Current Affairs

NCERT & Rotary India to Telecast e-learning Content for Class 1-12 on all NCERT TV Channels

  • To ensure that ‘e-learning reaches children across the country with NCERT approved content’.
  • Under Vidya Daan 2.0 Rotary International will provide the e – content in Hindi language to NCERT for classes I to XII for all subjects.
  • They will also provide the Teacher Training and professional trainings as well.
  • MHRD have been working on integration of technology in education through various schemes and initiatives like Operation Digital Board, DIKSHA, E – Pathshala, SWAYAM and SWAYAM PRABHA.
  • The Minister said that through e-learning we want to fulfill prime minister’s vision of ‘one nation one digital platform’.

Efforts to enhance cultivation of ‘Heeng’ and ‘Saffron’

  • In India, the annual demand for Saffron spice is 100 tons/year but its avg. production is about 6-7 tons/year. Hence a large amount of Saffron is being imported.
  • Similarly, there is no production of heeng in India and currently about 1200 tons of raw heeng worth Rs 600 crore is being imported from Afghanistan, Iran, and Uzbekistan.
  • To increase the prod’n. of these two spices in India, the Inst. of Himalayan Bioresource Technology (CSIR-IHBT) and the Dept. of Agriculture, Govt. of Himachal Pradesh, have forged strategic and implementation partnership.
  • This will provide immense benefits by way of increased farm income, livelihood promotion, and rural development.
  • Introduction of these crops will reduce the import.
  • CSIR-IHBT will provide technical know-how to the farmers, impart training to state agriculture department officers and farmers, and set up corm and seed production centres of Saffron and heeng, respectively, in the state.
  • A tissue-culture lab will be Estd. for large-scale prod’n of quality planting material of these crops.

India’s Forex Reserves at All Time High at $493.48 Billion Amid Covid Economic Crisis

  • Forex Res. include gold, SDRs (Special Drawing Rights of the IMF) & Foreign Currency Assets.
  • Foreign Currency Assets include Capital Inflows to the capital market, FDI & external commercial borrowings.
  • RBI Functions as the custodian & manager of FR & operates the overall policy framework agreed upon with the govt.
  • Reason for Rise in Forex:
    • Rise in Foreign Portfolio Investors & FDIs.
    • Fall in global crude oil prices.
    • Decline in Foreign travels – Decline in $ outflows.
  • Significance of Rising Forex:
    • Comfort to Govt. & RBI to manage internal economic issues.
    • Enough to cover the import bill of 1 year of India.

Sovereign Rating Downgrade Created ‘Six Fallen Angels’ in India

  • Six Fallen Angels: Companies in the Non-financial sector whose ratings have dipped to just one notch away from being considered junk.
  • This was said by the report released by Moody’s Investors Service.
  • The six companies are:  IOC, HPCL, OIL, Petronet LNG, BPCL & ONGC.

Current COVID19 Situation in India

image 48

QUIZ TIME

Which of the following does not export ‘Heeng’ to India?

  1. Iran
  2. Uzbekistan
  3. Afghanistan
  4. Malaysia

Answer: D

Who acts as the custodian & manager for the Forex Reserves of India?

  1. RBI
  2. World Bank
  3. Ministry of Foreign Affairs
  4. Ministry of Finance & Corporate Affairs

Answer: A

What among the following is NOT the reason for current surge in the Forex Reserves of India?

  1. Rise in Foreign Portfolio Investors & FDIs
  2. Fall in global crude oil prices
  3. Decline in Foreign travels – Decline in $ outflows
  4. Covid Special Economic Package by the Union Govt.

Answer: D

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