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Important Current Affairs 2nd July 2020

National

Gujarat Government launches Rs 1,369 crore ”At One Click” online cash aid for MSMEs & textile industry

• Gujarat Chief Minister Vijay Rupani launched an online cash aid initiative titled ”At One Click” for micro small and medium enterprises and textile industries in the state on 26 June 2020.

• The state government has announced total of Rs 1,369 crore in aid for around 13,000 MSMEs in Gujarat under the program.

• Out of the toatl 1,369 crore aid, Rs 768 crore have been transferred in bank accounts of 12,247 MSME units in Gujarat while Rs 601 crore aid has been given to bigger industrial units including textile industry.

Goa Govt Allocates 14,380 sqm land to set up India first Maritime Cluster

• The Government of Goa has allotted over 14,380 square metres of land at Verna industrial estate to ‘Konkan Maritime Cluster’ (Goa Maritime Cluster), a consortium of 49 Goan MSME units, to set up its Common Facility Centre.

• The Goa Maritime Cluster will be the first Maritime Cluster of India, providing a world-class common facility for manufacturing, design and other allied services for the shipbuilding industry.

• The project is likely to extend direct benefits to another 180 units.

Giriraj Singh launches the 1st Edition of “Matsya Sampada”

• Union Minister for Fisheries, Animal Husbandry and Dairying, Giriraj Singh has launched the 1st Edition newsletter “MatsyaSampada” fisheries and aquaculture published by the Department of Fisheries and the operational guidelines of Pradhan Mantri Matsya Sampada Yojana (PMMSY).

• This newsletter will be published on a quarterly basis.

International

FCC designates 2 Chinese companies as National Security Threats

•  The US Federal Communications Commission (FCC) has designated two Chinese companies - Huawei Technologies and ZTE Corporation as national security threats.

•  FCC Chairman Ajit Pai stated that both Huawei and ZTE have close ties with Chinese Communist Party and China’s military apparatus. He stated that the US government will not allow the Chinese Communist Party to exploit vulnerabilities in US communications networks.

•  The agency is considering banning these Chinese telephone companies from entering the US market. As per the US, Huawei’s equipment could be used by China for spying.

Banking and Economy

Fitch slashes India’s GDP Growth Projection to 8% from 9.5% for FY22

• Fitch Ratings has cut India’s growth forecast for the fiscal year 2021-22 to 8 percent from its earlier projection of 9.5 percent, in its June update of Global Economic Outlook released on 30 June 2020.

• However, the rating agency has retained its projection for the current fiscal which is expected to contract by 5 percent in the 2020-21.Fitch projected Indian economy to grow 5.5 percent in 2022-23.

Banks sanction over Rs 1 lakh cr loans to 30 lakh MSMEs under ECLGS

• As per the data by the Ministry of Finance on 30 June 2020, banks from public and private sectors have sanctioned over Rs 1 lakh crore loans under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector as of June 26, 2020.

• Out of this, more than Rs 45,860 crore has already been disbursed under the 100 percent ECLGS for the micro, small and medium enterprises (MSMEs).

• The top lenders under the scheme are State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank and HDFC Bank.

World Bank approves $750 mn emergency response fund for India’s MSME sector

• The World Bank has approved loan worth $750 million to address the immediate liquidity and credit needs of India’s micro, small, and medium enterprises (MSMEs), severely impacted by the C-19 crisis.

• The World Bank’s MSME Emergency Response program will provide financial support to some 1.5 million viable MSMEs.

• With this, the World Bank’s total commitment has reached to $2.75 billion to support India’s emergency C-19 response.

Appointments and Resignations

Ravinder Bhakar becomes new CEO of CBFC

• Shri Ravinder Bhakar, a 1999 batch officer of Indian Railway Stores Service (IRSS), has taken over as the Chief Executive Officer (CEO) of Central Board of Films Certification (CBFC) on 30 June 2020.

• Prior to this, Mr. Bhakar was posted as the Secretary & Chief Public Relations Officer of Western Railways.

• He succeeds Anurag Srivastava. Chairperson of CBFC – Shri Prasoon Joshi

Shrikant Madhav Vaidya becomes new chairman of IOC

• Shrikant Madhav Vaidya took charge as the new chairman of Indian Oil Corporation (IOC). Prior to this, he was the Director (Refineries) on the IOC Board, since October 2019.

• He will replace Sanjiv Singh, who retired on June 30.

Shashank Manohar quits as ICC Chairman

• International Cricket Council (ICC) Chairman, Shashank Manohar has stepped down as the head of the cricket body after two-year tenures. ICC Board has decided that Deputy Chairman Imran Khawaja will take the charge until Manohar’s successor is elected.

•  The process for the Chairperson election is likely to be approved by the ICC Board within the next week.

Days

National Postal Worker Day

• The National Postal Worker Day is marked every year on July 1 globally in recognition of the contribution made by postal workers in our society.

• The day is a unique opportunity to say ‘thank you’ not only to postmen but also to all delivery personnel, as online shopping has become a lifeline for many of us.

• The day was initiated by a popular postal service provider from Seattle, United States of America in 1997  to felicitate and honour the co-postal workers for their dedication.

World UFO Day

• World UFO Day is observed on 2nd July. It was founded by the UFO hunter Haktan Akdogan.

• The first World UFO Day was celebrated in 2001 and spread awareness among people to gaze at the heavens scanning for unidentified flying objects.

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