Current Affairs
Select Date
Tags:
Hindi
Share

Important Current Affairs 2nd June 2020

National

Government launches Mudra Shishu loan

• The Central Government has announced the launch of ‘Mudra Shishu loan’ for small businesses and industries. The scheme would benefit around one lakh companies to avail of the loan with an interest benefit of 2% in a year.

• Earlier, the scheme was announced by Finance Minister NirmalaSitharaman under the Aatmanirbhar Bharat package.

Cabinet revises Definition of MSME

• The Union Cabinet has approved the revised definition of the MSME on June 1, 2020. As per the new Definition of MSME, the investment of up to Rs 50 crore and a turnover of Rs 250 crore will now define a company as a Medium Unit.

• The new and old definition of MSME is mentioned below:

Category New Capital New Turnover Old Capital Old Turnover

Micro 1 Crore 5 Crore 25 Lakh 10 Lakh

Small 10 Crore 50 Crore 5 Crore 2 Crore

Medium 50 Crore 250 Crore 10 crore 5 Crore

• The turnover with respect to exports will not be counted in the limits of turnover for any category of MSME units whether micro, small or medium. This will help in attracting investments and creating more jobs in the MSME sector.

• Earlier, Finance Minister Nirmala Sitharaman had announced few economic measures under the Rs 20 lakh crore Atmanirbhar Bharat Abhiyaan to revive the economy of India.

DRDO develops ‘Ultra Swachh’ to disinfect PPEs, electronics items, fabrics

• The Defence Research and Development Organization (DRDO) has developed a disinfection unit called ‘Ultra Swachh’ to disinfect a wide range of materials including Personal Protective Equipment (PPEs), electronics items, fabrics and others.

• The technology has been developed by a Delhi-based laboratory of DRDO, Institute of Nuclear Medicine and Allied Sciences along with industry partner Gel Craft Health care Private Ltd. The ‘ultra swachh’ uses an advanced oxidative process comprising of multiple barrier disruption approach using Ozonated Space Technology for disinfection.

Banking and Economy

Moody’s downgrades India’s sovereign rating to ‘Baa3’, maintains negative outlook, revises GDP for FY21 to -4%

• Moody’s Investors Service has downgraded India’s sovereign rating one notch to the lowest investment grade (Baa3) from ”Baa2”, with negative outlook.

• ”Baa3” is the lowest investment grade, just a notch above junk status.

• Moody’s has also revised its FY21 GDP estimate for India to 4% contraction against 0% growth projected earlier. However, the economic growth is projected to pick up at 8.7% in FY22 and 6% in FY23.

Obituary

Former Olympic sprint champion Bobby Morrow passes away

• American sprinter, Bobby Joe Morrow passed away. He won three athletics gold medals at the 1956 Melbourne Olympic Games. He won the 100m, 200m and 4x100m relay in Melbourne, becoming the first man only after fellow American Jesse Owens (1936) to win sprint treble.

• He was named Sports Illustrated’s “Sportsman of the Year” in 1956 and set 11 ratified world records during his career.

Days

World Milk Day

• The Food and Agriculture Organisation of the United Nations celebrates World Milk Day every year on 01st June to recognize the importance of milk as a global food, and to celebrate the dairy sector.

• The World Milk Day 2020 is the 20th anniversary of World Milk Day. This year, the day was celebrated with a “Enjoy Dairy Rally” that commenced on 29th May 2020 and culminated with World Milk Day i.e. on 01st June 2020.

• The theme of World Milk Day 2020 is “20th Anniversary of World Milk Day”.

All Rights Reserved Top Rankers