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Important Current Affairs 15th May 2020

National

FM Nirmala Sitharaman announces second tranche of economic stimulus for farmers, migrant workers, traders under Aatma-Nirbhar Bharat Abhiyan

In continuation to PM Modi’s announcement of Rs 20 lakh crore boost to the economy, and the announcement made by her on May 13, 2020  the Finance Minister of India, Smt. Nirmala Sitharaman has made the announcement of the second tranche of economic support the Indian

Economy

These are the announcements made on May 14, 2020

• The announcement focusses on short term and long-term measures for supporting the poor, including migrants, farmers, tiny businesses and street vendors.

• 2% Interest Subvention for 12 months for Shishu MUDRA loanees- Relief of Rs. 1,500 crore- Government of India will provide Interest subvention of 2% for prompt payees for a period of 12 months to MUDRA Shishu loanees, who have loans below Rs 50,000.The current portfolio of MUDRA Shishu loans is around Rs 1.62 Lakh crore. This will provide relief of about Rs 1,500 crore to Shishu MUDRA loanee.

• Free food grains supply to migrants for 2 months (i.e. May and June, 2020)

• Scheme for Affordable Rental Housing Complexes for Migrant Workers and Urban Poor to be launched

• Technology system to be used enabling Migrants to access PDS (Ration) from any Fair Price Shops in India by March,2021-One Nation one Ration Card

• Rs 5,000 crore Credit facility for Street Vendors- Under this scheme, bank credit facility for initial working capital up to Rs. 10,000 for each enterprise.

• Rs 70,000 crore boost to housing sector and middle income group through extension of  Credit Linked Subsidy Scheme for MIG under PMAY(Urban)- The Credit Linked Subsidy Scheme for Middle Income Group (annual Income between Rs 6 and 18 lakhs) will be extended up to March 2021.

• Rs 6,000 crore for Creating employment using CAMPA funds- Compensatory Afforestation Management & Planning Authority (CAMPA)

• Rs 30,000 crore Additional Emergency Working Capital for farmers through NABARD- NABARD will extend additional re-finance support of Rs 30,000 crore for meeting crop loan requirement of Rural Cooperative Banks and RRBs. This refinance will be front-loaded and available on tap. This is over and above Rs 90,000 crore that will be provided by NABARD to this sector in the normal course.

• Rs 2 lakh crore credit boost to 2.5 crorefarmers  underKisan Credit Card Scheme- A special drive to provide concessional credit to PM-KISAN beneficiaries through Kisan Credit Cards. 2.5 crore farmers will be covered.

ICCR launches song “United we Fight” to Strengthen India’s Fight

• The Indian Council for Cultural Relations (ICCR), an autonomous body under MEA,  has unveiled a new song titled “United we Fight” to motivate people to be united, think positive and have never say die attitude in our collective fight.

• The musical creation has been dedicated to world by the Ministry of External Affairs (MEA) of India, to spread India’s message of hope, resilience and ‘VasudhaivaKutumbakam’  (the world is one family).

• The 3.33 minutes long song ‘United We Fight’ is written and composed by Joe Alvares.

International

Rate of Forest Loss Globally Declined Between 2015 and 2020: FAO report

• The Global Forest Resources Assessment 2020 (FRA 2020) was released by the United Nations Food and Agriculture Organization (FAO) on 13 May 2020.

• As per the report, the rate of forest loss during 2015-2020 declined to an estimated 10 million hectares (mha), compared to 12 million hectares (mha) loss in 2010-2015.

• The FRA 2020 report is based on more than 60 forest-related variables in 236 countries and territories in the period 1990–2020.

US CDC Commits USD3.6 mn to Assist India’s fight

The US Centers for Disease Control and Prevention (CDC) has committed $3.6 million to the Government of India to support the country in prevention, preparedness, and response activities.

The first tranche of funding will be utilised to further strengthen and support the Government of India’s efforts to increase laboratory capacity for SARS-COV-2 testing, including molecular diagnostics and serology

Appointments and Resignations

WTO chief Roberto Azevedo resigns from post

•  Brazilian Roberto Azevedo, the head of the World Trade Organization is likely to step down earlier than planned. Azevedo has summoned a virtual meeting to inform national members on May 14, 2020.

•  The 62-year-old has been the Director-General at the Geneva-based WTO since 2013. His second term of office was due to conclude at the end of August 2021.

•  The heads of delegations of the WTO's 164 members have been called for a special meeting to inform them about "pressing WTO administrative issues".

Ranking

India up at 74th place on WEF’s global energy transition index

• India has been ranked at 74th position on the Global ‘Energy Transition Index’ by the World Economic Forum (WEF). India has moved up two positions with improvements on all key parameters of economic growth, energy security and environmental sustainability.

• India is one of the few countries in the world to have made consistent year-on-year progress since 2015.

Days

International Family Day

• International Family Day observed globally on 15th May every year. This day is spread awareness about the importance of families and the role of the international community in the development of the families.

• The United Nation General Assembly proclaimed the International Year of the Families in its resolution 44/82 of 9 December 1989.

NISHANT 1 Months ago
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