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 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