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Important Current Affairs 2nd April 2020

National

DGCA allows cargo operations using passenger category aircraft

• The Director General of Civil Aviation on April 1, 2020 granted special permission to conduct cargo operations using passenger category aircraft.

• The decision was taken to meet the increasing demand for cargo operations for transportation of essential goods and medical equipment.

IIT Kanpur to develop low-cost portable ventilator

• the Indian Institute of Technology (IIT)-Kanpur is developing portable ventilators which will be significantly cheaper than the ones available in the market.

• The prototype of this ventilator will be ready very soon and just after assembling, it can be used as a life support system.

• The ventilator is a very important medical equipment especially those who are old.

Banking and Economy

Nomura lowers India’s 2020 GDP growth forecast to -0.5%

• Nomura has predicted India’s GDP growth rate for the year 2020 at -0.5%. The earlier prediction was 4.5%.

• The announcement was made by Sonal Varma, MD and chief India economist at Nomura.

Centre Extends Foreign Trade Policy for One Year till March 2021

• The government has extended the existing foreign trade policy (2015-20) for one year till March 2021.

• The foreign trade policy 2015-20 was earlier valid up to March 31, 2020.

RBI sets WMA for Central Government at Rs 1,20,000 crore for first half of FY21

•    The Reserve Bank of India has fixed the Ways and Means Advances (WMA) for Central Government for the first half of the financial year 2020-21 (April 2020 to September 2020) at Rs. 1,20,000 crore.
•    The Reserve Bank may trigger fresh floatation of market loans when the Government of India utilizes 75% of the WMA limit.
•    Apart from this, for State Government’s WMA, RBI has increased the WMA limit by 30 percent from the existing limit for all States/UTs. It must be noted that every state government has a different WMA limit.  The revised limits will come into force with effect from April 1, 2020 and will be valid till September 30, 2020.

Science and Technology

NASA Announces Mission SunRISE to Study Causes of Giant Solar Particle Storms
•    US space agency National Aeronautics and Space Administration (NASA) has selected a new mission called the Sun Radio Interferometer Space Experiment (SunRISE) to study how the Sun generates and releases giant space weather storms, known as solar particle storms, into planetary space.
•    SunRise is an array of six CubeSats operating as one very large radio telescope.
•    NASA has sanctioned USD 62.6 million to design, build and launch SunRISE.It will be launched after July 1, 2023.
 

Sports

2021 World Athletics Championships Being Moved to 2022

• The World Athletics has informed that the 2021 world athletics championships in Eugene, Oregon, United States, is now being shifted to 2022 to accommodate the re-arranged Tokyo Olympics.

• The world athletics championships was earlier scheduled to take place in Eugene on August 6-15, 2021. It will now take place in August 2022.

Days

World Autism Awareness Day is observed on 2 April

•    World Autism Awareness Day is observed on 2 April.
•    The day aims to recognize and celebrate the rights of persons with autism.
•    The day makes people understand, recognize, and accept people with autism.
•    This year the day is commemorated by the Department of Community Development, Abu Dhabi, the UAE.

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