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Daily Current Affairs – 14 July 2020 : Today Gk Updates
1. Russia first nation to finish human trials for Covid-19 vaccine
– Russia has become the first nation to complete clinical trials of COVID-19 vaccine on humans and the results have proven the medication’s effectiveness and is safe.
– There was however no further information on when this vaccine would enter the commercial production stage.
– Russia had allowed clinical trials of two forms of a potential coronavirus vaccine developed by the Gamaleya National Research Center for Epidemiology and Microbiology on June 18.
The first stage of research on the vaccine at Sechenov University involved a group of 18 volunteers and the second group involved 20 volunteers.
2. Google to invest USD 10 billion in India to boost digital economy
– Google CEO Sundar Pichai announced an investment of Rs. 75,000 crore (approximately $10 billion) into India over the next five to seven years through the ‘Google for India Digitization Fund’.
– Addressing Google for India event, Mr. Pichai asserted that the latest move is a reflection of the company’s confidence in the future of India and its digital economy.
– Prime Minister Narendra Modi also interacted with Google CEO and discussed the range of subjects like data security, new work culture in Coronavirus times and cyber safety.
Sundar Pichai along with the Union Minister Ravi Shankar Prasad attended the sixth annual edition of Google for India.
3. NITI Aayog presents India’s second VNR at UN’s High-Level Political Forum
– NITI Aayog presented India’s 2nd Voluntary National Review (VNR) at the United Nations High-Level Political Forum (HLPF) on Sustainable Development, 2020.
– HLPF is an international platform for follow-up and review of progress on the 17 Sustainable Development Goals (SDGs). Vice-Chairman of NITI Aayog, Dr. Rajiv Kumar presented the VNR at the event.
– The HLPF meets in July every year for eight days, under the support of the Economic and Social Council (ECOSOC) of the UN.
NITI Aayog had prepared and presented India’s first VNR in 2017.
4. FICCI survey predicts 4.5% contraction in India’s FY21 GDP
– Federation of Indian Chambers of Commerce & Industry (FICCI) said its Economic Outlook Survey has projected the country’s annual median GDP growth for 2020-21 at (-) 4.5 per cent.
– With the rapid spread of COVID-19 pandemic manifesting into an economic and healthcare crisis globally, the latest forecast marks a sharp downward revision from the growth estimate of 5.5 per cent reported in the January 2020 survey.
– The pandemic outbreak has severely impacted the economic activities as the nationwide lockdown was imposed to curb the spread of the virus.
FICCI is an association of business organisations in India.
Headquarters location: New Delhi; Founded: 1927
5. US remain India’s top trading partner in 2019-20
– The US remained India’s top trading partner for the second consecutive year in 2019-20 and shows increasing economic ties between the two countries.
– According to the data of the commerce ministry, in 2019-20, the bilateral trade between the US and India stood at USD 88.75 billion as against USD 87.96 billion in 2018-19.
– In 2018-19, the US first surpassed China to become India’s top trading partner. The bilateral trade between India and China has dipped to USD 81.87 billion in 2019-20 from USD 87.08 billion in 2018-19. Before China, UAE was the country’s largest trading nation.
US Capital: Washington, D.C. President: Donald Trump
6. India, China to hold Corps Commander-level talks at Chushul in Eastern Ladakh today
– The fourth round of Commander-level talks between India and China will take place today at Chushul Border post in Eastern Ladakh. The last meeting also was held at the same venue on 30th June.
– Army sources said, the talks mainly focus on the second phase of disengagement along the Line of Actual Control.
– The meeting between the Army commanders is important after the conservation between the National Security Advisor Ajit Doval and Chinese Foreign Minister Mr Wang Yi, on 5th July. In the meeting they have agreed that both sides should complete the ongoing disengagement process along the LAC, to de-escalate the tensions in the region.
Indian delegation will be lead by GoC of Fire and Fury corps Lt General Harinder Singh and South Xinjiang Military Province Commander Major General Liu Lin will lead the Chinese side.
7. Sports Minister Kiren Rijiju holds 2-day video conference with Sports & Youth Affairs Ministers of all states, UTs
– Sports Minister Kiren Rijiju will hold a two day video conference with Sports and Youth Affairs Ministers of all states and union territories. The two-day video conference from today will chart out the roadmap for grassroot level sports development as well as the activities of Nehru Yuva Kendra Sangathan and National Service Scheme, across the country.
– Speaking about the decision to hold this meeting, Mr Rijiju said, the country is in the second phase of unlock now and it is important to have a dialogue with the states to align the way forward for sports and youth related activities.
– During the lockdown both the sports and youth affairs departments have been active and continued to pursue the larger goals that have been set. Despite closure of on-field training, online training has been conducted for athletes of all levels as well as for coaches, so that athletes and coaches could remain close to the sport.