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Important Current Affairs 3rd June 2020

National

PM SVANIDHI Scheme launched to help street vendors with affordable loans

• The Ministry of Housing and Urban Affairs has launched PM SVANIDHI (Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi) scheme, which is a special micro-credit facility scheme for providing affordable loan to street vendors, to help them to resume their livelihoods.

• The scheme is as per the announcement by Finance Minister Nirmala Sitharaman on May 14 under the Aatmanirbhar Bharat economic package.

• The scheme is valid until March 2022 and will provide total liquidity of Rs 5,000 crore. SIDBI will be the technical partner for implementation of the scheme.

Cyclone Nisarga heads towards coast in Maharashtra, Gujarat

• As per the information shared by the Indian Meteorological Department (IMD), a deep depression is likely to intensify into cyclonic formation in next 12 hours in the east-central Arabian sea.

• The Tropical cyclone ‘Nisarga’ is heading towards the coast in Gujarat and Maharashtra. It is expected to hit the coast of Mumbai on June 3.

International

WHO launches ‘C-TAP’ for equitable access to life-saving tech

• WHO has launched the ‘C-19 Technology Access Pool’ for equitable access to life-saving tech. This comes after at least 37 countries jointly appealed to the World Health Organisation for common ownership of vaccines, medicines and other diagnostic tools to combat the global health crisis.

• C-TAP aims to accelerate the development of vaccines and medicines through the sharing of research and information and to increase manufacturing capacity for any products that are developed. WHO has also issued a ‘Solidarity Call to Action’ urging other stakeholders of the UN health agency to join the cause.

Sports

36th National Games postponed indefinitely

• The 36th National Games, which were scheduled to be held between October and November in Goa, have now been postponed indefinitely.

• The Indian Olympic Association (IOA) had recently asked the Goa government to host the National Games as scheduled from October 20- November 4, 2020. However, the National Games organising committee decided to postpone the games.

• The National Games organising committee will be hosting a meeting in September, following which the new dates for National Games will be decided. The previous edition of the Games was held back in 2011 in Jharkhand.

Virat Kohli only cricketer in Forbes’ 2020 list of world’s highest paid athletes

• India skipper Virat Kohli is the only cricketer to feature in Forbes’ list of the top 100 highest-paid athletes in the world for the year 2020. Kohli is ranked at number 66 with estimated earnings of $26 million.

• Swiss tennis great, Roger Federer has topped the list of world’s highest-paid athlete for 2020 with an estimated $106.3 million.

Appointments and Resignations

Pradip Kumar becomes new Secretary in Ministry of Steel

J&K cadre IAS, Pradip Kumar Tripathi, has taken over as Secretary, Ministry of Steel, Govt. of India. Prior to this, Shri Tripathi has been posted as Special Secretary and Establishment Officer in Department of Personnel and Training (DoPT).

Ranking

Amazon tops Brand Finance Global 500 2020 report; Tata Group top Indian brand

• Brand Finance has released its annual Brand Value Report 5000 for the year 2020.

• It is for the third consecutive year that Amazon has retained the title of the world’s most valuable brand having brand valuation of $220,791 million. It is also made history by becoming the first brand in Brand Finance Global 500 to exceed US$200 billion value mark.

• Google has jumped one place up to come second in the list at $159,722 million. In 2019 it was at 3rd spot. Apple ($140,524M), Microsoft ($117,072M) and Samsung Group ($94,494M) makes top 5 brand in the list.

• Among Indian companies, Tata Group has once again retained its position as top Indian brand. It is the only Indian brand to feature in top 100.

India Drops 6 Places to be Ranked 23rd in Startup Blink’s Startup Ecosystem Rankings 2020

• Startup Blink has launched the Startup Ecosystem Rankings Report 2020 that ranks 1,000 cities and 100 countries worldwide, based on their startup ecosystem strength and activity level. Startup Blink is global startup ecosystem map and research center.

• India has dropped 6 places to be ranked at 23rd spot in the latest ranking, with a score of 5.698. Last year it was placed at 17th spot.

• United States has topped the ranking list with a score of 123.167.

Days

World Bicycle Day

• Every year the International World Bicycle Day is observed on 3rd June to recognise the uniqueness, longevity and versatility of the Bicycle as a simple, affordable, reliable, clean and environmentally fit sustainable means of transport.

• The day was declared by the United Nations General Assembly in April 2018.

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