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Important Current Affairs 4th July 2020

National

Government to purchase missile systems, fighter jets worth Rs 38900 crore

• The Union Defence Ministry has approved the procurement of missile systems, frontline fighter jets and other military equipment worth Rs 38,900 crore.

• With this procurement, Defence Ministry aims to boost the combat capability of the Armed Forces amid the rising tensions between India and China at LAC border.

SAP launches Global Bharat program for Indian MSMEs

• The Global Bharat program has been launched by the German technology firm SAP India. The programme has been designed to equip Indian micro, small, and medium enterprises (MSMEs) with digital technologies in order to make them globally competitive.

• SAP India will also provide MSMEs access to their enterprise resource planning (ERP) software under the Global Bharat program.

ICMR fast-tracking efforts to launch ‘COVAXIN’ for public use by 15th August

• In partnership with Hyderabad based Bharat Biotech, the Indian Council of Medical Research (ICMR) has selected 12 institutes for the Phase-I and Phase–II clinical trials of the first indigenously developed C-19 vaccine BBV152 (commonly known as COVAXIN).

• After successful completion of human clinical trials, the ICMR has set a target to launch the COVAXIN for the public health uses, latest by August 15, this was reported in the media as per a letter by ICMR to the 12 selected institutes.

International

French Prime Minister Edouard Philippe resigns

• French Prime Minister Edouard Philippe has resigned from his post ahead of a government reshuffle by President Emmanuel Macron.

• As per the announcement made by the French Presidency, Edouard Philippe will handle the government affairs until a new cabinet would be named.

Acquisitions and Mergers

Intel Capital Invests Rs 1894.50 crore in Jio Platforms

• United States-based Intel Corporation’s investment arm Intel Capital will invest Rs 1,894.50 crores in Reliance Industries Limited’s (RIL’s) subsidiary company Jio Platform.

• With this investment, equity value in Jio Platforms rose to Rs 4.91 lakh crore, while Rs 5.16 lakh crore its enterprise value.

• Rs 1894.50 of investment will translate to 0.39 percent of an equity stake for Intel Capital in Jio Platforms. This was the 12th foreign investment in Jio Platforms.

• The 12 investments make a total of Rs 1,17,588.45crores that have been raised in Jio Platforms.

Science and Technology

ISRO's Mars Orbiter captures image of largest moon of Mars

• ISRO’s Mars Orbiter Mission (MOM) has captured the image of ‘Phobos’, the largest and closest moon of Mars.

• The image was captured by Mars Colour Camera (MCC) aboard Mom on July 1, 2020 when the Mars orbiter was around 7,200 km from Mars and 4,200 km from Phobos.

• Phobos, the mysterious moon of Mars is believed to be made up of carbonaceous chondrites.

Ranking

India’s Forex Reserves 5th largest in the world

• The foreign exchange reserves of India is the fifth largest in the world at more than USD 500 billion. The first four Forex Reserves on the list are China, Japan, Switzerland and Russia, as per the report released by IMF - International Monetary Fund.

• The foreign exchange reserves of India are almost equal to one fifth of India's GDP.

India stands third largest contributor to e-waste in 2019

• A United Nations led report has found that India is the third largest contributor to e-waste in the world in 2019.

• As per the report titled ‘Global E-waste Monitor 2020’, the world dumped a record 53.6 million tonnes of e-waste in 2019. Of this, just 17.4 percent was recycled.

• China was the biggest contributor to e-waste in the world, contributing 10.1 million tonnes of e-waste. United States was second with 6.9 million tonnes. India, with 3.2 million tonnes, was third.

Days

International Co-operative Day 2020

• The International Co-operative Day is held annually on the first Saturday in July since 1923 by the International Co-operative Alliance to celebrate the co-operative movement and to increase awareness of cooperatives.

• The theme of International Co-operative Day 2020 is:  “Cooperatives for Climate Action”.

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